Brian T. Moynihan, Chair
Bank of America
The United States has stood apart from the rest of the world during the past three quarters of a century in its record of sustained innovation – across industries old and new, and through the ups and downs of economic cycles. But today the nation faces new realities and imperatives transforming the context for innovation leadership.
Rapid and accelerating technology changes have contributed to a turbulent and transforming nature of innovation beyond anything experienced in human history, creating new opportunities for nations around the world to develop their own, distinctive innovation ecosystems. The world today is dramatically more interconnected and fast-paced. The increased access to constantly evolving innovation tools and emerging business models allow the individual and institution alike to discover, conceptualize, develop, and scale a disruptive innovation.
To understand better this changing world and to position America and Americans for success, the Council launched the National Commission on Innovation and Competitiveness Frontiers (Commission) – a multi-year movement to transform how we innovate across the United States, and to drive long-term productivity growth, national security, and inclusive prosperity.
Phase 1 of the National Commission – kicked off in 2019 (learn more about the kick-off by reading its summary, Launch) – generated during the first year of the COVID-19 pandemic a seminal report, Competing in the Next Economy, outlining 50+ strategic recommendations to improve U.S. innovation tenfold: 10X.
Phase 2 commenced in Fall 2022 with a major Mountain West Innovation Summit, followed by the Phase 2 Launch Summit at UC Davis in March 2023. These Summits initiated a progressive dialogue series across four policy-oriented Working Groups focused on the future of technology, sustainability, work and the workforce, and place-based innovation, as outlined in the report “Competing in the Next Economy: Adapting to a Changing World.”
In 2024, the Commission also launched the “Competitiveness Conversations Across America” series. This initiative brings together regional and national leaders in emerging innovation hubs to identify cutting-edge best — and next — practices for expanding and accelerating place-making innovation. The Conversations aim to amplify these insights for national scale-up.
Insights from the Phase 2 Working Groups and Competitiveness Conversations guide the Commission’s latest, major policy report, “Competing in the Next Economy: Innovating in the Age of Disruption and Discontinuity.” This report, released in December 2024, offers more than 50 strategic recommendations – organized under seven “pillars” – to bolster U.S. innovation capacity and capability tenfold – 10X.
The seven innovation pillars are:
In 2025, the Commission will intensify its efforts as it communicates the Competing in the Next Economy: Innovating in an Age of Disruption and Discontinuity recommendations to policymakers, co-hosts six Competitiveness Conversations Across America, and launches an initiative focused on the future of the U.S. bioeconomy.
Stay tuned for the latest updates as the Commission embarks on this transformative journey, positioning the United States to thrive amid turbulence and transformation.
Bank of America
Deloitte Consulting LLP
University of Pittsburgh
IBEW
Council on Competitiveness
Los Alamos National Laboratory
Sustainability: Pursuing Innovation with Purpose
Phase 2: Competing in the Next Economy – Adapting to a Changing World
National Commission Phase 2 Community Launch Summit
2023 National Commissioners Summer Meeting Summary
2024 National Commissioners Summer Meeting Summary
Competing in the Next Economy: Innovating in the Age of Disruption & Discontinuity
