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

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“Great adversity makes us rethink fundamental Locke told a group of abouy 125 people atthe . “Itg encourages us to Locke’s presentation was billed as a “Town Hall Meeting on Innovationn andthe Economy.” He said it is up to each communitgy to decide where its future lies. The wantsd to help them on the path, Lockse said, with $50 millionh in the president’s 2010 budget to creat regional “clusters” in which communitie partner with colleges, universities and the businesszsector “to build on natural The president’s 2010 budget also includes $50 millionj for business incubators and “hundreds of millions” of dollars in economic grants for businesses and communities.
“Yoi are the innovators, risk takersw and entrepreneurs who develop and market new producteand services,” he said. “Yo are a critical part of the enginwe of thenew economy.” Audience members expressed a desire for a ranger of measures to help businesses specificalluy and the economy generally, including greater accesss to capital for small a simplified tax code for small businesses and greatef broadband access in rural areas. Locke mentioned improving the health insurance system as both a job incentive and abusinesws advantage, and the need for tax credits for “Our economic future rests with being he said.