Enterprise Policy
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ITIF formulates and promotes policies that encourage firm-level innovation, competitiveness, and economic dynamism; foster innovative start-up firms; and facilitate economies of scale.

Vice President, Global Innovation Policy, and Director, Center for Life Sciences Innovation
Information Technology and Innovation Foundation
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Head of Policy, Centre for Canadian Innovation and Competitiveness
Information Technology and Innovation Foundation
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Why Congress Should Restore Full Expensing for Investments in Equipment and Research and Development

The tax law allowing firms to fully expense their research and development (R&D) costs expired at the end of 2021, and full expensing of equipment costs will begin phasing out in 2023. This decreases firms’ incentive to invest in these key drivers of economic growth and competitiveness. Congress should restore and make permanent full expensing for these investments.
Big Is Beautiful: Debunking the Myth of Small Business

This provocative new book now available from The MIT Press shows small businesses are not the drivers of our prosperity. Big firms are better for job creation, productivity, innovation, and most other economic benefits. Governments should stop tipping the scales toward small and adopt “size neutral” policies that encourage companies of all sizes to grow.
More Publications and Events
October 2, 2025|Blogs
What Happened to the American Business Creed? Part I: Business Attacks
Although the seven values of the American Business Creed were widely accepted in the 1950s, two have eroded over time, driven largely by changes in business itself.
September 23, 2025|Podcasts
Podcast: Innovation, Entrepreneurship and Startup Challenges, With Stephen Ezell
Stephen Ezell sat down with Prof. Mahesh Panchagnula to explore the realities of innovation and entrepreneurship.
September 5, 2025|Podcasts
Podcast: Trump’s Intel Deal, Nvidia’s Next Moves, and the Future of AI Regulation, With Daniel Castro
Daniel Castro sat down with Quinn Taber to explore how the United States is moving away from a free market toward one where the government actively directs investment in critical industries.
August 28, 2025|Blogs
Don’t Let Washington Turn Tech Companies Into Amtrak
The Trump administration doubled down on its push for the federal government to take financial stakes or other commercial interests in major U.S. companies—a policy that would weaken American competitiveness, invite political manipulation, and undermine the very goals of U.S. industrial strategy.
August 21, 2025|Blogs
The Green Light: Blame Washington for Corporate America Investing in China
For 40 years, the U.S. government sent implicit and often explicit messages to American firms: Invest in China. Indulging in emotionally satisfying corporate blame points us toward the wrong solutions.
August 1, 2025|Blogs
The American Business Creed: What’s Right and What’s Wrong
To beat China, the U.S. must revitalize many of the core principles in the 1950s business creed and foster a business community that embraces a national industrial strategy.
July 20, 2025|Op-Eds & Contributed Articles
Korea’s Labor Market Too Small for Its Talent
Korea’s highly educated workforce is increasingly stuck in low-quality jobs. This is not due to a lack of skill, but rather to government policies that penalize growth and fragment markets. Korea must embrace size neutrality, reforming regulations and incentives to support firms that innovate, scale, and compete globally.
July 10, 2025|Blogs
Building Canada’s Tech Cluster in Waterloo
Canada has zero entries among the world’s top 50 science and tech clusters. Waterloo is the best candidate for elevation. To make that happen, the federal and Ontario governments should create an incentive: Tech start-ups based in Waterloo, as well as firms outside Canada that relocate meaningful R&D and innovation production to the region, will pay no tax for a decade.
June 12, 2025|Blogs
The Fantasy of “Uninationals” and the Reality of Why America Needs Multinationals
In reality, we live in a global economy that requires large, integrated firms to advance national success. That means embracing multinationals, not demonizing them.
May 30, 2025|Blogs
Serious About Shrinking Government? Cut the SBA
Assuming the Trump administration is serious about shrinking government, why not eliminate an agency whose sole purpose is to distort market outcomes by privileging firm size over performance and productivity? When it comes to government waste, the Small Business Administration is low-hanging fruit that has been over-ripe for a long time.