Monday, March 12, 2012

President Obama to Announce New Efforts to Support Manufacturing Innovation, Encourage Insourcing

March 09, 2012

Administration Proposes New National Network to Support Manufacturing, Takes Immediate Action to Create a Pilot Manufacturing Institute

On Friday, President Obama will continue to highlight the successful trend of insourcing – companies from around the world bringing jobs back and making new investments here in the United States – at the Rolls-Royce Crosspointe jet engine disc manufacturing facility in Prince George County, Virginia. The President’s Blueprint for An Economy Built to Last lays out a number of ways we can encourage insourcing, support investment in our manufacturing sector, and create good jobs here in the United States, and today’s announcements build on those efforts.

The President will announce a new proposal for a National Network for Manufacturing Innovation, to build a network of up to fifteen Institutes for Manufacturing Innovation around the country, serving as regional hubs of manufacturing excellence that will help to make our manufacturers more competitive and encourage investment in the United States. The President’s Budget proposes a $1 billion investment to create this new National Network for Manufacturing Innovation.

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