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WASHINGTON, Sept. 21 /PRNewswire-USNewswire/ -- The R&D Credit Coalition applauds President Obama for his speech made today at an upstate New York community college where he outlined his broader innovation strategy and how the government can play an important role in bolstering the U.S. economy through supporting innovation and entrepreneurship.

The following statement can be attributed to the R&D Credit Coalition:

"America has a strong innovation economy, but as we head into the G20 Summit in Pittsburgh this week, there are signs that our great country risks falling behind other developed nations. For America to lead the world in a global economic revitalization, our leaders must renew their commitment to supporting innovation through research and development.

R&D Credit Coalition Applauds White House Innovation Strategy & Commitment to Research and Development