Washington, D.C. – TechNet, the national bipartisan network of innovation economy CEOs and senior executives, applauded the inclusion of funding for broadband expansion, emerging technologies, workforce development programs, and green tech in President Biden’s American Jobs Plan, which he officially unveiled earlier today.

“The President, in his remarks today, recognized the important role technology plays in solving many of the challenges our country faces. As we discussed during our meetings last week with Cabinet Secretaries and Congressional leaders, investing in broadband expansion will create opportunities for millions of Americans, from students to small business owners to telehealth. Building out our nation’s electric vehicle charging infrastructure and smart grid technology will create safer, more efficient, and environmentally-friendly communities. And a greater focus on developing and launching emerging technologies in this country, like 5G, quantum computing, artificial intelligence, and autonomous vehicles, will generate new jobs, lead to new innovations, and strengthen U.S. global competitiveness. The President’s plan also invests in our people through skills training to help them succeed in today’s economy. This will lead to new opportunities for our workforce and the strengthening of America’s talent pipeline.

“While we applaud the President for his commitment to advancing policies that create opportunities for all Americans and businesses, we also caution that significantly raising the corporate tax rate could slow job growth and weaken our economic recovery. We look forward to working with the President and his administration to foster innovation, create opportunity for businesses and individuals, and build back better.”