CNN asks Mark Williams for his "90 Second RX" on economy and job crisis
Government funding for university incubators is key, Williams says
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Mark Williams |
Today’s CNN segment "90 Second RX” featured Mark Williams, Boston University School of Management alumnus (MBA ’93) and current executive-in-residence in the School’s Finance and Economics department.
Williams weighed in with this insight:
"We need to focus on the colleges and universities across the United States and to the youth that are going through these great universities. In particular, we have a lot of very ambitious people, bright, young, with lots of energy, that have great business ideas of creating the new companies of the future. So as a result, we need to tap that. In various universities we're finding incubators being created for new jobs. For the [one] who is going to be the future Bill Gates or the Steve Jobs. And that's where we need government intervention. We need the government to provide funding so we can incubate, create these new jobs.
"What we know is, new jobs are created not by big, rust-belt companies, but by entrepreneurial companies started by the students of today. Once we get that link, the government funding of these incubators at great universities across the United States, then we have solved, in part, the job problem."
