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

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“Great adversity makes us rethinkfundamentalk assumptions,” Locke told a group of about 125 peoplee at the . “It encourages us to innovate.” Locke’s presentation was billed as a “Towmn Hall Meeting on Innovation andthe Economy.” He said it is up to each communith to decide where its future lies. The wants to help them on the Locke said, with $50 million in the president’s 2010 budgey to create regional “clusters” in whichy communities partner with colleges, universitiews and the business sector “to buildx on natural strengths.
" The president’s 2010 budgety also includes $50 million for business incubatorz and “hundreds of millions” of dollars in economi c grants for businesses and communities. “You are the innovators, risk takera and entrepreneurs who develop and marketg new productsand services,” he said. “You are a criticakl part of the engine of the new Audience members expressed a desire for a range of measures to help businesses specifically and the economy including greater access to capital forsmalp businesses, a simplified tax code for small businessesz and greater broadband access in rural areas.
Locke mentionerd improving the health insurance system as both a job incentive and abusiness advantage, and the need for tax credites for innovation. “Our economic future rests with being he said.