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Obama unveils manufacturing hub on North Carolina trip
Source: Reuters
Obama unveils manufacturing hub on North Carolina trip
BY MARK FELSENTHAL
RALEIGH, North Carolina Wed Jan 15, 2014 4:25pm EST
(Reuters) - President Barack Obama on Wednesday announced a new public-private manufacturing hub in North Carolina during his visit to the state, seeking to bolster an industry that he considers essential to raising middle class incomes.
The manufacturing hub in Raleigh is a consortium of 18 businesses and six universities that will be led by North Carolina State University and will lead an institute to develop high-power electronic chips. Obama had called for three such hubs in his State of the Union speech a year ago. The other two have yet to be selected.
Backed by $70 million in federal funding, the hub would connect manufacturers with emerging research on energy-efficient chips that would help make electronic devices smaller and faster. Companies involved include ABB, APEI, Avogy, Cree, Delphi, Delta Products, DfR Solutions, Gridbridge, and Hesse Mechantronics, among others.
Eager to press economic themes in an election year after struggling with the rollout of his healthcare plan, Obama has said he would like to create a network of 45 manufacturing hubs around the country, but that would require money from Congress, which has not been as enthusiastic about the idea.
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BY MARK FELSENTHAL
RALEIGH, North Carolina Wed Jan 15, 2014 4:25pm EST
(Reuters) - President Barack Obama on Wednesday announced a new public-private manufacturing hub in North Carolina during his visit to the state, seeking to bolster an industry that he considers essential to raising middle class incomes.
The manufacturing hub in Raleigh is a consortium of 18 businesses and six universities that will be led by North Carolina State University and will lead an institute to develop high-power electronic chips. Obama had called for three such hubs in his State of the Union speech a year ago. The other two have yet to be selected.
Backed by $70 million in federal funding, the hub would connect manufacturers with emerging research on energy-efficient chips that would help make electronic devices smaller and faster. Companies involved include ABB, APEI, Avogy, Cree, Delphi, Delta Products, DfR Solutions, Gridbridge, and Hesse Mechantronics, among others.
Eager to press economic themes in an election year after struggling with the rollout of his healthcare plan, Obama has said he would like to create a network of 45 manufacturing hubs around the country, but that would require money from Congress, which has not been as enthusiastic about the idea.
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Read more: http://www.reuters.com/article/2014/01/15/us-usa-obama-idUSBREA0E0JZ20140115