In response to a request for input from the House Science, Space, and Technology committee, ITIF recommended that any stimulus bill in response to the COVID-19 crisis include provisions to stimulate manufacturing, technology entrepreneurship, and clean energy innovation, including large-scale demonstration projects in fields such as industrial decarbonization.
Most of ITIF’s recommendations fall into HSST’s category 4, “Long-term Economic Stimulus/Recovery” to prepare for the possibility that the COVID-19 crisis will morph into a sustained economic downturn.
ITIF’s priorities in offering these items include:
- Supporting workers and companies most likely to be affected by such a downturn;
- Making public investments that will “crowd in” subsequent private investments during an economic recovery;
- Engaging existing and building new domestic supply chains; and
- Strengthening resilience so the nation can better withstand exogenous shocks in the future.
This list is not comprehensive, but rather reflects our previous and ongoing work on specific topics.