Secretary of the Treasury Tim Geithner visited Northwest Arkansas to meet with regional business leaders to discuss how government and the private sector can work together to out-innovate our competition, and to tour NanoMech – a small business that demonstrates how innovative research can spur economic growth and high-wage jobs. In conjunction with the visit, the Treasury Department released a new report today detailing the economic benefits of the Research and Experimentation (R&E) tax credit and the President’s Fiscal Year 2012 Budget proposal to expand and simplify the credit and make it permanent.
The full report on the R&E credit is available here.
Read Secretary Geithner's remarks here.