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.
The Case for Growth Centers: How to Spread Tech Innovation Across America
The federal government should take aggressive steps to spur the development of more tech hubs in America’s heartland by identifying promising metro areas and helping them transform into self-sustaining innovation centers.
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
January 30, 2025|Blogs
Increased Market Concentration Does Not Equal Less Innovation
Sustaining technological advancement and innovation requires the scale of larger enterprises. If antitrust enforcers are serious about promoting innovation as a key policy goal (as they should be), they should not deter industry concentration.
January 6, 2025|Blogs
Tech Hubs or Tech Dispersion?
With the CHIPS and Science Act, Congress intended to concentrate resources in a select few places to help them become self-sustaining, globally competitive advanced-technology regions. Unfortunately, four separate agencies established regional tech hub programs, disbursing awards across 48 states. Going forward, Congress needs to decide on one approach or the other.
December 20, 2024|Blogs
R&D Under Attack: How the Loss of Immediate Expensing Reduces Innovation Inputs
It is time for Congress to restore the immediate expensing of R&D expenditures by passing the Tax Relief for American Families and Workers Act of 2024.
December 17, 2024|Events
Techlash 2025: The Outlook for Tech Policy in the Trump Administration
Watch now for an online presentation and discussion with Robert D. Atkinson and David Moschella, co-authors of Technology Fears and Scapegoats: 40 Myths About Privacy, Jobs, AI, and Today’s Innovation Economy.
October 2, 2024|Blogs
Canadian Businesses Are Not Profiteering
Big Canadian telcos, grocery stores, and banks have not seen major changes in profitability over the past four years or compared to their international peers. Rising prices should not be attributed to “price gouging” but plain old inflation.
September 25, 2024|Knowledge Base Articles
To Do: Expand the R&D Credit for Pre-Profit Start-Ups
Congress should expand the refundable R&D credit to allow pre-profit start-ups to cover payroll taxes.
September 9, 2024|Podcasts
Podcast: Europe Needs to Focus on Solving Its 30-Year Innovation Problem, With David Evans
Europe has been enormously unsuccessful in creating substantial digital businesses for over three decades.
September 3, 2024|Reports & Briefings
A Techno-Economic Agenda for Canada’s Next Federal Government
Innovation, productivity, and competitiveness must be top priorities for Canada’s next federal government, not sidenotes or vague aspirations to be addressed with little more than lip service.
July 26, 2024|Testimonies & Filings
Comments to Innovation, Science and Economic Development Canada Regarding Legislated Procurement Targets for SMEs
Legislated procurement targets for SMEs should be a tool to stimulate technology R&D and commercialize Canadian innovations, and not a goal in and of itself. Focusing on firms that develop innovative solutions for government problems will create opportunities for Canadian firms to scale up and drive innovation, productivity, and competitiveness.
July 15, 2024|Blogs
Challenges in Assessing Canadian Competition
The Competition Bureau of Canada’s 2023 report assessing the state of competition in Canada has several methodological and interpretation issues that raise doubts about the conclusion's accuracy. As such, policymakers should not use the report as the foundation of competition policymaking or to justify a more aggressive antitrust regime.
