The American Reinvestment Recovery Act (ARRA), the stimulus package that was signed into law last month, sets out $59 billion in clean energy investments and tax incentives to promote clean energy, and could create upwards of 300,000 jobs, according to the president.“It’s said that necessity is the mother of invention,” stated President Obama as he addressed the crowd of business, science, and political leaders gathered at the Eisenhower Building.“At this moment of necessity, we need you.We need some inventiveness. Your country needs you to create new jobs and lead new industries. Your country needs you to mount a historic effort to end once and for all our dependence on foreign oil.”
Several of the technologies supported by ARRA were on display at the event, along with the leaders of the companies that created them.