Prompted by concern over federal budget cuts to research and
higher education at a time when other nations are increasing investment in
those areas, Montclair State University President Susan A. Cole recently joined
164 fellow university presidents and chancellors in calling for Congress to
close the nation’s growing innovation deficit.
“Our nation’s role as the world’s innovation leader is in
serious jeopardy,” Cole and her colleagues wrote in an open letter to Congress
and President Obama. “Closing this innovation deficit – the widening gap
between needed and actual investments in research and education – must be a
The letter noted that the rate of growth of U.S. research
and development investments is currently outstripped by those of countries like
China, Singapore and South Korea and that the U.S. has fallen to 12th among developed
countries in the share of young adults who hold college degrees.
The open letter, along with additional information, is
available at: innovationdeficit.org.
Read the full press release.