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TechNet's members represent America's leading technology companies at the forefront of the Innovation Economy -- in fields such as e-commerce, software, hardware, networking, biotechnology, test and measurement, clean energy technology and finance. Our leadership in innovation, technology and new ideas has long positioned the United States as a leader in economic growth, job creation, prosperity and quality of life. The convergence of computing, communications and cross-disciplinary innovations are in turn creating whole new technology-based industries, creating more opportunities for job creation and prosperity.

The rise of this Innovation Economy is a global transformation that is taking root not just in the United States but in countries like China, India, and Russia. These nations are investing in emerging technologies to seize a competitive advantage in the industries and markets of the future.

With this global economic competition rapidly intensifying, America's technology companies must innovate relentlessly, even while sustaining some of the highest operating costs of any state in the country. In this era of increased global opportunities and challenges, we need to redouble our commitment to public policies and private sector initiatives that make the U.S. the most innovative country in the world, and that create good, high-paying jobs for Americans. Yet too often it is our global competitors who are investing in education, encouraging entrepreneurship through expanded use of employee stock options, making next generation infrastructure a priority and implementing other policies designed to spur innovation.

To succeed, states must nourish a culture of innovation, a commitment that requires investing in education and research, improving economic competitiveness by facilitating the deployment of next generation broadband; fostering the growth of the Internet and harnessing innovative energy technologies to protect our environment and national security. Growing a state's technology sector is the best long-term solution to generating the resources needed for education and other critical investments. TechNet and our member companies look forward to working with policy makers on behalf of forward-looking, investment-oriented agendas that will position our states as leaders in the Innovation Economy.