TechNet CEO and President Rey Ramsey Testifies on Impact of the App Economy

Sep 12, 2012, 16:14 ET from TechNet

WASHINGTON, Sept. 12, 2012 /PRNewswire-USNewswire/ -- Rey Ramsey, President and CEO of TechNet, the bipartisan policy and political network of CEOs that promotes the growth of the innovation economy, testified today in front of the House Energy & Commerce Committee, Subcommittee on Commerce, Manufacturing and Trade on the economic impact of the developing app economy.

Ramsey's testimony explored the breathtakingly fast adoption of smart phones and other mobile devices in the United States that have helped drive the creation of the app economy and mobile developers' contribution to job creation.

TechNet recently sponsored a study that was conducted by Dr. Michael Mandel of South Mountain Economics LLC, which found that roughly 466,000 jobs in the "App Economy" in the United States, up from zero in 2007.

"The app economy is not just creating jobs nationwide – it's helping our nation's diverse population live better lives," Ramsey said in his prepared testimony. "It's an economy worth preserving and promoting. All stakeholders, including consumers to entrepreneurs to policy makers, must work together to cultivate an environment in which this innovation can flourish.  

Rey Ramsey's full testimony can be found here.

About TechNet:
TechNet is the national, bipartisan network of CEOs that promotes the growth of technology industries and the economy by building long-term relationships between technology leaders and policymakers and by advocating a targeted policy agenda. TechNet's members represent more than one million employees in the fields of information technology, biotechnology, e-commerce and finance. TechNet has offices in Washington, DC, Palo Alto, Sacramento, Seattle, Boston and Austin. Web address: You can also follow us on Facebook and Twitter at @technetupdate.