SOURCE: Council on Competitiveness

Council on Competitiveness

February 10, 2009 15:08 ET

Council on Competitiveness President Applauds Intel CEO Otellini's $7 Billion Investment in American Competitiveness

WASHINGTON, DC--(Marketwire - February 10, 2009) - Council on Competitiveness President Deborah L. Wince-Smith issued this statement following today's press conference held on Capitol Hill by Intel CEO and Council on Competitiveness member Paul Otellini:

"Paul Otellini's announcement today is the perfect one-two punch that America needs to give our economy a shot in the arm in the short term and to enhance our competitiveness in the long term.

When we released Compete, our competitiveness agenda for America, we stressed the need to reinvent America's manufacturing enterprise to turbo charge innovation. And in Rebound, the stimulus action plan recommended by our CEOs, labor leaders, and university presidents, we asked Congress and the President to enact policies that will encourage other companies like Intel to take similar steps, unlock their capital, and invest in America now.

Intel's move today is a tremendous step forward."

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