Sustainable prosperity gravitates to areas capturing “the next big thing.” Nanotechnology facilitates convergence of electronics, avionics, medicine/biosciences, energy, communications, and materials science. Texas must compete universally in these disciplines while cultivating the requisite skilled workforce, creative capacity, and infrastructure. To do this we must support: (1) superior educational outcomes (really implementing/funding “closing the gaps,” reflecting demographic realities), (2) basic research, (3) tier-one universities, (4) incentives (emulating recent success), and (5) world-class infrastructure (diverse power resources, water, rural broadband, multimodal transportation). I crunched the numbers. Enormous payoff! Yes, we can!
Perryman is the founder and president of the Perryman Group, an economic and financial analysis firm based in Waco.