On the recordMarch 15, 1994
I am proud to rise and support him in opposition to this amendment which would strike from S. 4 this Civilian Technology Investment Program. In my opinion, this section of this bill, the Civilian Technology Investment Program, a new program, responds to a clear need in our economy today, and it does it in a manner that is tried and true, widely accepted, not controlled by Government bureaucrats but led and driven by the marketplace. So I have a fundamentally different perception of what this program is all about than my friend, the Senator from New Jersey. Let me deal first with the problem. I cite and quote John Hodgeman, president of the Massachusetts Technology Development Corp., speaking a year ago, a little more, February 16, 1993. There is a chronic capital gap with respect to early technology companies. John Carruthers, director of research at the Intel Corp., speaking on behalf of the American Electronics Association, composed of companies that have been critical in bringing America back to economic strength and creating new jobs, said: Since the mid-1980's, our Nation has failed to produce a new generation of technology companies for a variety of reasons.…
Source
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