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7 Reasons Why Obama's Policies Are Great for the Tech Industry


We take a look at the president's future promises and past performance as it relates to the technology industry.

MINYANVILLE ORIGINAL In the days following Obama's re-election, there will be a lot of speculation over what it means for the economy, but at large the tech industry should be very happy with the results. Perhaps it's stating the obvious, but the first president to hold an AMA on Reddit and tweet his victory before his speech, has a visible interest in the tech world and policies that will help it grow appropriately.

1. He strongly supports high-skilled immigration reform.
Immigration reform is still a hot button issue for this country, but so is job creation. Obama's Startup 2.0 Act will address both issues simultaneously. The bill will increase work visa availability for science, technology, engineering, and math graduates from American universities, while also creating an entrepreneurship visa for foreign workers who create jobs in the US. The Start-Up Act 2.0 most likely won't happen until 2013, but it would do much to encourage foreign entrepreneurs and inventors to set up shop in America.

2. He will continue to advocate government tech reform and investment
With Obama still in charge, his appointees Chief Technology Officer Todd Park, and Chief Information Officer, Stephen Van Roekel, will continue to open up government data for use by the private sector. Companies like Google (NASDAQ:GOOG), Facebook (NASDAQ:FB) and even Paypal (NASDAQ:EBAY), will no doubt benefit from data releases which will help them identify consumer trends more accurately. In addition, his administration is dedicated to investing in the tech industry at large through the Small Business Administration, which gives millions to early stage companies and start-ups in diverse geographic locations.

3. He will continue to support computer science education.
It's a little-known fact that the tech industry is actually struggling to find skilled employees in the current economic climate. Microsoft (NASDAQ:MSFT) has been doing its part to increase interest in software development, but during the campaign, Obama dropped hints that education reform would be a major part of his second term. Such a focus could potentially help schools fund computer science education programs and purchase equipment.

4. He will continue increasing Internet infrastructure.
In his last term, one of Obama's key goals was to get true broadband to every community in America. According to his National Broadband Plan's own one-year report, the job is 87% complete with only a few rural areas left to be connected to existing hubs. Now that Obama has been reelected, it's a sure thing that his team will finish the job, and Web-based business like Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) will be able to reap the benefits.
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