August 07, 2009

Gillibrand Introduces New Legislation to Jumpstart New Clean Technology Businesses, Jobs in New York

Clean Technology Business Competition Would Spark New Technologies, Jumpstart New Businesses, Create Jobs for New York

Washington, D.C. - U.S. Senator Kirsten Gillibrand introduced new legislation to help spur new clean technology businesses and create new jobs in New York and across America. The Clean Technology Business Competition Grant Program would establish a $50 million competitive grant program to spur the development of new, clean technology businesses to help rebuild our economy for the 21st century.

"No other state is poised to lead in the new economy like New York," Senator Gillibrand said. "Our state is home to the universities, businesses, laboratories, researchers and the bright minds we need for long-term economic strength. This legislation would put the tools and resources we need on the ground to help businesses create new technologies to meet the needs of the new economy, spur new businesses and create thousands of new jobs for New York."

The Clean Technology Business Competition would authorize $50 million for a competitive grant program through the Department of Energy for non-profits and other organizations to conduct nationwide clean technology and business competitions.

Silicon Valley, and other business and research hubs, have hosted similar business competitions to spark new technologies and new businesses. Senator Gillibrand's legislation would bring the competition to a national scale to incentivize businesses across the country to develop new, clean technologies to help meet the needs of the new energy economy of the future, create new businesses and new jobs to help rebuild our economy, and develop technologies and products to help stem the tide of global climate change.

Home to dozens of cutting-edge research institutions, New York is ideally positioned to generate the technologies we need for the new economy, and translate them into new businesses to help rebuild our economy for the long term.