Obama Wants $500M for High-Tech Manufacturing
He will tour robotics site in Pittsburgh
By Newser Editors and Wire Services
Posted Jun 24, 2011 9:50 AM CDT
President Obama speaks during a Democratic National Committee event at the Sheraton New York Hotel and Towers, Thursday, June 23, 2011, in New York.   (Carolyn Kaster)
camera-icon View 1 more image

(Newser) – Imagining advances from lighter cars to smarter robots, President Obama is announcing a $500 million project to spur high-technology manufacturing, a sector of US industry that presidential advisers say has lost ground to such competitors as Germany and Japan. Today in Pittsburgh, Obama is to call for a joint effort by industry, universities, and the federal government to help reposition the United States as a leader in cutting-edge manufacturing, including biotechnology, robotics, and nanotechnology—the development of new materials at the molecular level.

Obama will be touring the Carnegie Mellon Robotics Institute, and his administration's plan includes $70 million for a robotics initiative. It also is aiming $300 million toward national security industries and $100 million for research and training to more quickly develop advanced materials at lower costs. Some of the $500 million would come from existing allocations to government agencies, but other money is only reflected in Obama's 2012 budget request and would require approval by Congress.
 

My Take on This Story
3%
3%
3%
9%
79%
3%