The President’s plan, which leverages existing programs and proposals, will invest more than $500 million to jumpstart this effort. The President believes that even as we live within our means, we must invest to win the future. Investments will be made in the following key areas: building domestic manufacturing capabilities in critical national security industries; reducing the time needed to make advanced materials used in manufacturing products; establishing U.S. leadership in next-generation robotics; increasing the energy efficiency of manufacturing processes; and developing new technologies that will dramatically reduce the time required to design, build, and test manufactured goods. Leading universities and companies will compliment these federal efforts helping to invent, deploy and scale these cutting-edge technologies.
“Today, I’m calling for all of us to come together- private sector industry, universities, and the government- to spark a renaissance in American manufacturing and help our manufacturers develop the cutting-edge tools they need to compete with anyone in the world,” said President Obama. “With these key investments, we can ensure that the United States remains a nation that ‘invents it here and manufactures it here’ and creates high-quality, good paying jobs for American workers.”
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