According to the Chamber, the answer is innovation, not only from the private sector, but also from public sector thought leaders and policymakers. The strongest catalyst for innovation is public-private partnerships, which help all stakeholders understand economic assets-education and research capabilities unique to the region-align policies to support and build those assets through tax incentives and workforce strategies, and make key investments in K-12 STEM (science, technology, engineering and math), research and development and physical infrastructure.
The full report, Innovation America: A Public-Private Partnership is available at http://www.uschamber.com/NR/rdonlyres/e24mvvt6shw7gjx4jbtkazrofb44pfn4ubtu55atqn5rpn7icuabuekbb33w5iquhn6xaxqzl3ln6ur2hg4jwgbjgxc/PublicPrivateReportELECTONICversion9.19.07.pdf.