Obama to unveil manufacturing institutes in Detroit, Chicago
Published on Feb 23, 2014 1:04 PM
WASHINGTON (REUTERS) - 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 on Saturday.
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 Defense will lead the effort with US$140 million (S$177 million) in government money. The president is due to make the announcement on Tuesday, 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 labor abroad.
To continue reading, log in if you are a subscriber
If you are not a subscriber, you can get instant, unlimited access here