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The report addresses the first of the goals within the technology policy set forth by the Clinton administration, long-term economic growth that creates jobs and protects the environment. It highlights the important role technology plays in the American economy and the challenges we face in an increasingly competitive, technology-based global economy.

The report indicates that In the past few decades, the number of states with tax incentives for businesses has steadily increased. By 1998, more than 40 states offered tax concessions or credits for equipment, inventories and job creation. Other tax exemption programs offered by more than 30 states are linked to corporate and personal income and research and development.