The Information Technology and Innovation Foundation [ITIF] estimates that spurring an additional investment of $30 billion in America’s IT network infrastructure in 2009 will create approximately 949,000 U.S. jobs. [Our projection for Ohio is over 150,000 jobs if we move now and include "clean coal" and Nuclear in our new Midwest Grid].This report provides a detailed analysis and estimate of the short-term jobs impacts of using the stimulus package to spur investment in three critical digital networks: broadband, the smart grid and health IT. [Cincinnati Change has a multi billion dollar plan for Ohio]
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As Congress considers a substantial stimulus package to get the economy moving, investing in new economy digital infrastructures will provide significant opportunities not just for short-term stimulus and job creation, but also longer term economic and social benefits. In the report, “The Digital Road to Recovery: A Stimulus Plan to Create Jobs, Boost Productivity and Revitalize America,” ITIF provides a detailed analysis and estimate of the short-term jobs impacts of spurring investment in three critical digital networks: broadband networks, the smart grid (making the electric distribution system intelligent) and health IT, and outlines policy steps to spur this investment.
ITIF finds that investments in America’s digital infrastructure will spur significant job creation in the short run. Specifically, ITIF estimates that spurring an additional investment of $30 billion in America’s IT network infrastructure in 2009 will create approximately 949,000 U.S. jobs.
View detailed job estimate calculations
Related Links
Report release event
January 7, 2009
Presentation slides, audio and video from the recent event at the National Press Club to release the report.
Select Media Coverage
A Stimulus Package We Can Believe In
January 7, 2009
Huffington Post
Obama’s Broadband Plan
January 6, 2009
BusinessWeek
A Broadband Stimulus Plan
January 7, 2009
BusinessWeek
The Tech Solution to the Recession
January 6, 2009
Forbes.com
IT Investment Will Create Jobs
January 5, 2009
Wall Street Journal
Innovation Should Mean More Jobs, Not Less
January 3, 2009
New York Times
ITIF is a non-partisan research and educational institute – a think tank – whose mission is to formulate and promote public policies to advance technological innovation and productivity internationally, in Washington, and in the states. Recognizing the vital role of technology in ensuring American prosperity, ITIF focuses on innovation, productivity, and digital economy issues.
Technological innovation, particularly in information technology, is at the heart of America’s growing economic prosperity. Crafting effective policies that boost innovation and encourage the widespread “digitization” of the economy is critical to ensuring robust economic growth and an improved standard of living. However, as in any new and changing situation, policymakers have varied awareness of what is needed and what will work. In some cases, legislators have responded to new and complex technology policy issues with solutions more suited for the old economy. And as the innovation economy has become increasingly important, opposition to it from special interests has grown. Finally, the excitement that the press, pundits and decision makers showed toward the information technology (IT) revolution in the 1990s has all too often been replaced with an attitude of “IT doesn’t matter.” It’s time to set the record straight that IT is still the key driver of productivity and innovation.
As a result, the mission of the Information Technology and Innovation Foundation (ITIF) is to help policy makers at the federal and state levels to better understand the nature of the new innovation economy and the types of public policies needed to drive innovation, productivity and broad-based prosperity for all Americans.
ITIF publishes policy reports, holds forums and policy debates, advises elected officials and their staff, and is an active resource for the media. It develops new and creative policy proposals to advance innovation, analyzes existing policy issues through the lens of advancing innovation and productivity, and opposes policies that hinder digital transformation and innovation.
To view the press release announcing the launch of ITIF, click here.
Located in Washington, DC, The Information Technology and Innovation Foundation is a 501©(3) nonprofit organization founded in 2006.
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