Invest in America: Biden Discusses Economy in Minneapolis

According to the speech there is increase in major investments throughout the country and there is also some development of our supply chain. The development will be sustained year after year with constant rejuvenation of business. Innovation can be increased through small business start-ups. Sometimes this can be organic through the funneling of proper resources on top of the right creative infrastructure (i.e. Internet). Other times it can be done incentivizing. Sometimes you need both. It is more about understanding the environment and then finding a way to generate pro-profit and pro-goal transactions at either the corporate or the small business level.

According to the study below I looked at, it is possible to use government-private investor strategies to generate more innovation and grass root organizations. In the example provided in the study there is 50% Govt. Funding and 50% Private Investor Funding.  Spend a moment and read (ok just look at the conclusion if its a little long. I often just skim and then look at the conclusion. If the juice is worth the squeeze you go back and read it in depth. The difference between PhD and DBA is one is more theory and one is more applied theory. We can do their stuff and they can do ours but we sort of specialize.) ....

THE DANCE BETWEEN GOVERNMENT AND PRIVATE INVESTORS: PUBLIC ENTREPRENEURIAL FINANCE AROUND THE GLOBE

The study helps us see that successful government-industry partnerships occur when 1.) govt. is seen as effective, 2.) more effective at earlier stages. i.e. start-ups, and 3.) where private venture is more developed. This is a formula in the study I was sort of picking at to understand. I guess its an innovation formula based on 4 different patent measurements. 

Also some stuff on controls for population, per capital GDP and lagged venture capital activity. It is in mathematician language which takes me a minute to decipher so don't blame me. While I can do some of this stuff, some do it all the time with the snap of their finger. Me, I have to kind of get into it to understand each of the components to the formula and how they twist/adjust data to a useful number for decision making and benchmarking (Its too late to do this stuff right now. It would take me like 2 hours to sort of understand all the formulas in the study I think.).

𝐼𝑛𝑛𝑜𝑣𝑎𝑡𝑖𝑜𝑛𝑐,𝑡 = 𝛼𝑐 + 𝛼𝑡 + 𝛽 × 𝑃𝑂𝑆𝑇𝑐,𝑡 + 𝛾 × 𝑋𝑐,𝑡 + E𝑐,t

A couple key things:

-Chips and Science Act

-American Rescue Plan

-Bipartisan Infrastructure 

-Inflation Reduction Act

-New Jobs and New Manufacturing Jobs

-$435 Billion dollars in investment in the past couple of years. 

-Clean Great Lakes (We need to do this for long term health.)

-New EV Stations

-Cummins 

-Hydrogen 

-Manufacturing Capital

-Supply Chain

-Union jobs, competitive workforce. 

-Farm bill and clean every technology (Might be a type of fusion because that is pretty cutting edge stuff right now. Probably Fusion Energy).

-$1 Billion and water clean. 

-Something about paying for this. This is the 15% tax on corporations.

-Discussion on deficit (I don't get into this stuff because everyone gets excited. I just want to understand the economics on things. )

-Investments in research (I think this is where private and public investment in research pools might be helpful.)