$30B Sought for High-Tech Jobs In Obama's Stimulus Package

A report to be released Wednesday calls on the Obama administration to earmark about $30 billion on high-tech jobs in its stimulus package that could reach $1 trillion.

The report from the Information Technology and Innovation Foundation—The Digital Road to Recovery: A Stimulus Plan to Create Jobs, Boost Productivity and Revitalize America—promises to provide “a detailed analysis and estimate of the short-term jobs impacts of spurring investment in three critical digital networks: broadband, the smart grid (making the electric distribution system intelligent) and health IT and outlines policy steps to spur this investment.” ITIF says:

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 an interview with The New York Times, ITIF president Robert Atkinson says “there’s another category of stimulus you could call innovation or digital stimulus—‘stimovation,’ as a colleague has referred to it.” as the article states:

Although many economists believe that a stimulus package must be timely, targeted and temporary, Atkinson’s organization argues that a fourth adjective—transformative—may be the most important. Transformative stimulus investments, he said, lead to economic growth that wouldn’t be there otherwise.

Atkinson also says that providing $30 billion in stimulus money for high tech jobs would provide a wonderful chance to integrate innovative technologies at a faster pace than otherwise would be possible. The ITIF chief, via NYT:

“You’d have an economy and society within three to four years that would be a lot better than we have today, and you’d create a lot of jobs.”