New York State the Focus of Congressional Hearing on How Research and Innovation Fuel Local Economies

At a hearing today on Capitol Hill, experts discussed how federally funded university research drives innovation that contributes to local economies. The hearing, “Fueling Local Economies: Research, Innovation and Jobs,” was conducted by the congressional Joint Economic Committee and chaired by Rep. Carolyn Maloney (D-NY). Expert witnesses focused on the New York State economy and included Dr. Samuel Stanley, president of Stony Brook University; Zachary Shulman, senior lecturer of entrepreneurship at Cornell University’s Johnson School of business and managing partner at Cayuga Venture Fund; and Dane Stangler, Kauffman Foundation researcher on behalf of Dr. Robert Litan, vice president of research and policy at the Kauffman Foundation and a senior fellow at the Brookings Institution. Stony Brook and Cornell universities are members of The Science Coalition.