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Topic - Xanofi

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  • This Tuesday, Sept. 11, 2012, photo shows Miles Wright, CEO of Xanofi, in his laboratory in Raleigh, N.C. Launched in September 2010, the company is preparing to market a liquid-based nanofiber production process. Mr. Wright, a registered independent, chuckles at a new GOP ad calling this period "the worst economic recovery America has ever had." "The fact is, it's still a recovery," he says. "Innovation hasn't stopped. People's efforts to commercialize technology, to open up a service business, while it gets harder because of lack of capital, I don't think people have stopped hoping and dreaming. And a lot of people have had success." Mr. Wright says a lot of the job growth is happening in small companies like his "that maybe go a little under the radar." But the point is, it's happening. (AP Photo/Gerry Broome)

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