Manufacturing & The Economy
The Obama Administration is launching competitions to create three new manufacturing innovation institutes with a Federal commitment of $200 million across five Federal agencies – Defense, Energy, Commerce, NASA, and the National Science Foundation. To build off the initial success of a pilot institute headquartered in Youngstown, Ohio, the President announced in the State of the Union that his Administration would move forward and launch three new manufacturing innovation institutes this year. The President will continue to call on Congress to act on his proposal for a one-time $1 billion investment to create a network of 15 manufacturing innovation institutes across the country.
All three institutes will be selected through an open, competitive process, led by the Departments of Energy and Defense, with review from a multi-agency team of technical experts. Winning teams will be selected and announced later this year. Federal funds will be matched by industry co-investment, support from state and local governments, and other sources. Like the pilot institute, these Institutes are expected to become financially self-sustaining, and the plan to achieve this objective will be a critical evaluation criterion in the selection process. DOD and DOE are opening the competition for the three new institutes immediately. For more information:
Department of Defense – “Digital Manufacturing and Design Innovation”
Department of Defense – “Lightweight and Modern Metals Manufacturing”
Department of Energy – “Next Generation Power Electronics Manufacturing”