Washington D.C. – President Obama announced nearly $500 million in public-private investment to strengthen American manufacturing by investing in cutting-edge technologies through a new, textiles-focused manufacturing institute competition led by the Department of Defense, and by sharpening the capabilities of small manufacturers through Manufacturing Extension Partnership competitions in twelve states. The White House, as detailed in a new report, is also launching a Supply Chain Innovation Initiative focused on building public-private partnerships to strengthen the small U.S. manufacturers that anchor the nation’s supply chains.
According to the White House press release, “The President’s Fiscal Year 2016 Budget, to create jobs and strengthen America’s leadership in advanced manufacturing technology, provides the resources to double the number of manufacturing innovation institutes nationwide to 16 by the end of 2016 and fulfills the President’s goal of building a network of up to 45 institutes over the decade. In contrast, the House Republican Budget released yesterday entrenches the harmful sequester levels of funding and proposes to eliminate the Manufacturing Extension Partnership, putting at risk critical investments in advanced manufacturing, workforce development and training, and innovation proposed in the President’s Budget.”
In addition to announcing new competitions for nearly $500 million in public and private investment the President is calling on Congress to do its part to make the bipartisan investments needed to strengthen manufacturing across the United States, including in places like Ohio.
The detailed report covers:
· Investing Nearly $500 Million to Strengthen U.S. Advanced Manufacturing
· More than $150 Million for a New Revolutionary Fibers and Textiles Manufacturing Innovation Institute Competition
· $320 Million Public-Private Manufacturing Extension Partnership Competition to Expand Services to Strengthen Small Manufacturers
· New White House Supply Chain Innovation Initiative
For the detailed report: https://www.whitehouse.gov/the-press-office/2015/03/18/fact-sheet-president-obama-launches-competition-new-textiles-focused-man
In addition to announcing new competitions for nearly $500 million in public and private investment the President is calling on Congress to do its part to make the bipartisan investments needed to strengthen manufacturing across the United States, including in places like Ohio.
The detailed report covers:
· Investing Nearly $500 Million to Strengthen U.S. Advanced Manufacturing
· More than $150 Million for a New Revolutionary Fibers and Textiles Manufacturing Innovation Institute Competition
· $320 Million Public-Private Manufacturing Extension Partnership Competition to Expand Services to Strengthen Small Manufacturers
· New White House Supply Chain Innovation Initiative
For the detailed report: https://www.whitehouse.gov/the-press-office/2015/03/18/fact-sheet-president-obama-launches-competition-new-textiles-focused-man
