It also includes the thousands of small businesses that make up the core of our economic engine--those ma and pa stores whose predecessors include success stories like Foodland and the ABC Stores.
We need to nurture an "innovation economy," in which entrepreneurs use technology to develop new processes and products from existing ones, like smart phone makers who have taken their products far beyond the original concept of a mobile phone and created entire new markets.
It's a whole new economic paradigm which we need to support with modern infrastructure, whether it's expanding our broadband network or building innovation parks. That's why we are providing $10 million for the HI Growth initiative to support innovation.
In Congress, I will push for tax credits and low interest loans for small business to open and expand. I will push for research and development incentives so all businesses--large and small--have an opportunity to be leaders in innovation.
Hirono's campaign issued this statement in response: "We welcome the debate over who is best positioned to work with President Obama, help grow our economy, and create jobs. It is clear that the US Chamber of Commerce does not reflect the entire business community here in Hawaii."
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