Commerce Secretary Locke: Adversity encourages innovation - Sacramento Business Journal:

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“Great adversity makes us rethinikfundamental assumptions,” Locke told a group of about 125 peoplee at the . “It encourages us to Locke’s presentation was biller as a “Town Hall Meeting on Innovation andthe Economy.” He said it is up to each community to decide where its future lies. The wants to help them on the Locke said, with $50 million in the president’s 2010 budget to create regional “clusters” in which communities partner with colleges, universities and the busineses sector “to build on natural strengths.
" The president’a 2010 budget also includes $50 million for business incubatorsd and “hundreds of millions” of dollars in economic grants for businesses and communities. “You are the risk takers and entrepreneurse who develop and markeft new productsand services,” he said. “Yo u are a critical part of the engine of the new Audience members expressed a desire for a ranges of measures to help businesses specifically and theeconomuy generally, including greater access to capitakl for small businesses, a simplified tax code for small businessea and greater broadband access in rurap areas.
Locke mentioned improving the healtjh insurance system as both a job incentivde and abusiness advantage, and the need for tax creditse for innovation. “Our economic future rests withbeing innovative,” he said.