"Change the Equation" Launches New Business-Led STEM Initiative

October 12, 2010

On September 16, President Obama announced the launch of “Change the Equation,” an effort to dramatically enhance and improve education in science, technology, engineering, and math (STEM). This bi-partisan initiative is part of the President’s “Educate to Innovate” campaign and is a unique and promising partnership of CEOs from over 100 companies. The motivation of Change the Equation is to activate and mobilize the business community to invest in, and become more engaged in, STEM education.

Many U.S. Chamber of Commerce members are involved in this initiative, including founding members of Change the Equation, such as Intel and Xerox Corporation. In attendance were representatives from both of these companies, as well as ICW’s vice president Karen Elzey.

The business community believes that an investment in STEM education is an investment in the future. Rex Tillerson, CEO of Exxon Mobil Corporation and a member of the U.S. Chamber of Commerce, touched on the pertinence of STEM education: “High-quality education, especially in math, science, technology, and engineering, is critical for the ability of countries to successfully compete and prosper in the 21st century.” With the ever-increasing demand for a technically skilled workforce, in conjunction with an increasingly competitive global economy, an investment in STEM education is imperative for a prosperous future.