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Obama's Letter to NY Tech Meetup

Obama's Letter to NY Tech Meetup

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Published by Alex Fitzpatrick

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Published by: Alex Fitzpatrick on Oct 10, 2012
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05/13/2014

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October 9, 2012
Dear Members of NY Tech Meetup:Thank you for carrying forward the entrepreneurial spirit that makes us a nation of doers,dreamers and risk takers. You understand that innovation and job creation occur when we makesmart investments in infrastructure and technology and build an environment that encouragesentrepreneurs to change the way we live and work.
Together we’ve used that bedrock American belief to recover and rebuild from the worst
economic crisis in a generation. Today, entrepreneurship is at record levels and the number of business startups is up almost 10 percent since my first year in office. And this past Friday, welearned the unemployment rate has fallen to its lowest level since I took office. As inventors,makers and thinkers you
’ve
helped get us here, believing that if anyone has a solid plan and iswilling to work hard and play by the rules, we can turn any idea into something.I believe it, too.
That’s why I’ve
been laying the foundation for an economy built to last throughinvestments in infrastructure and technology.
We’re expanding
broadband networks to connectbusinesses large and small with markets around the world. The health care law invests in ourhealth IT infrastructure, improving the delivery and management of care. Wall Street reform puta consumer protection cop on the beat, using technology to help consumers understand theirrights when buying a home or using a credit card.
Across your government, we’ve
used technology to bridge the offline and online divide toempower citizens and build a more participatory democracy. On my first day in office I createdthe position of U.S. Chief Technology Officer so we can pursue new open data initiatives tounleash unprecedented volumes of government data related to energy, education, internationaldevelopment, public safety and other areas. We
re unlocking our resources to fuel new products,companies and industries and connect the next generation of entrepreneurs to freely availablegovernment data, while rigorously protecting and respecting privacy rights. And we recently
announced the first class of “Presidential Innovation Fellows
,
talented private sector innovatorswho will spend six months in Washington partnering up with the govern
ment’s top innovators to
meet straightforward goals: improve the lives of the American people, save taxpayer dollars andfuel job creation across the country.This past April, I also signed a law to help high-growth entrepreneurs and small businesses
harness “crowdfunding”
to raise capital consistent with investor protections and make it easierfor young, high-growth firms to go public. I also launched the Startup America Partnership toimprove the environment for high-growth entrepreneurship across the country. I encourage youto join, as w
e’re focus
ing on unlocking access to capital to fuel startup growth, connecting
mentors and education to entrepreneurs, accelerating innovation from “lab to market” fo
rbreakthrough technologies and unleashing market opportunities in industries like health care,clean energy and education.I signed patent reform into law to help American entrepreneurs bring inventions to marketsooner, leading to new businesses, jobs and industries. But that also depends on a regulatorysystem that supports our homegrown innovations.
That’s why I’
ll continue to stand by you toprotect the openness of the Internet while still enforcing intellectual property rights.

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