On Wednesday, Engine’s Executive Director Evan Engstrom and sixteen other technology industry leaders sent a letter to President-elect Donald Trump outlining a number of growth and innovation-driving principles that he should consider as he sets his policy agenda.
As the letter states, the technology industry is “a powerful engine of economic growth,” employing over 5.7 million people across the United States and and driving over $1 trillion in economic growth. According to research by Engine, the creation of 1 high tech job is projected to create 4.3 other jobs in a local economy. Startups, in particular, play an outsized role in job creation and economic growth. High-growth firms, though small in number, account for up to 50 percent of new jobs created.
The letter encourages Trump to tap into the technology sector’s ingenuity to solve some of America’s biggest challenges. Additional recommendations include investing in an improved technology infrastructure, modernizing the ways laws and regulations govern data, pursuing tax reform, and filling government with people who are committed to working faster and smarter. The letter was signed by the leaders of the following organizations:
ACT | The App Association
Allied for Startups
BSA | The Software Alliance
Computer and Communications Industry Association
Computing Technology Industry Association
Consumer Technology Association
Entertainment Software Association
Information Technology Industry Council
Semiconductor Industry Association
Software & Information Industry Association
Silicon Valley Leadership Group
Telecommunications Industry Association
Technology CEO Council
Read the full letter here.