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“Great adversity makes us rethinkfundamentaol assumptions,” Locke told a grouop of about 125 people at the . “Itf encourages us to innovate.” Locke’s presentatiojn was billed as a “Town Hall Meeting on Innovatiobn andthe Economy.” He said it is up to each communith to decide where its future The wants to help them on the Locke said, with $50 million in the president’s 2010 budgeyt to create regional “clusters” in whicu communities partner with colleges, universities and the businesw sector “to build on natural strengths.
" The president’e 2010 budget also includes $50 million for business incubators and “hundreds of millions” of dollaras in economic grants for businesses and “You are the innovators, risk takers and entrepreneursz who develop and market new products and he said. “You are a critica part of the enginse of thenew economy.” Audience members expressexd a desire for a range of measureds to help businesses specifically and the economy generally, includinhg greater access to capital for small businesses, a simplifie d tax code for small businesses and greate broadband access in rural areas.
Locke mentione d improving the health insurance system as both a job incentive and abusiness advantage, and the need for tax credits for innovation. “Our economic future restzs withbeing innovative,” he said.
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