WASHINGTON: US President Barack Obama will announce two new manufacturing institutes aimed at attracting and nurturing businesses that will hire workers for highly paid jobs in the United States, a White House official said.
One institute, to be located in Detroit, will focus on lightweight and modern metals. The other, in Chicago, will concentrate on digital manufacturing and design technologies, the official said.
The Department of Defence will lead the effort with $140m in government money. The president is due to make the announcement tomorrow, the official said.
The president has made a central focus of his second term efforts to make life better for middle-class and lower-income families whose fortunes have not fully recovered from the deep 2007-2009 recession. Part of that push is an effort to expand manufacturing jobs, many of which were lost in preceding decades as US firms searched for cheaper labour abroad.
The aim of the manufacturing institutes is to take advantage of the US abundance of world-class universities to attract companies interested in being close to research and pools of skilled workers. The institutes are intended to bring together firms that are competitors to share ideas in the intermediate stage between invention and commercialisation.
“Manufacturing production is growing at the fastest pace in over a decade, and the president is committed to building on that progress,” the White House official said. Reuters
