Commerce Departmentâ€™s Economic Development Administration Invests in Advanced Manufacturing in the Midwest
The Economic Development Administration today awarded $2 million to the Council on Competitiveness, a non-partisan group of CEOs, university presidents and labor leaders that works to advance economic prosperity â€“ to help small- and medium-sized manufacturers in the Midwest compete in the 21st century global economy. The grant will be matched by $2.5 million from private-sector partners and help to catalyze development of state-of-the-art technologies that accelerate the design process, allowing small- and medium-sized companies to become more competitive.
With the funding, the Council on Competitiveness will form the new National Digital Engineering and Manufacturing Consortium, which will develop software, purchase time on supercomputers, and train small- and medium-sized manufacturers in the use of this technology, enabling them to design their own advanced manufacturing processes and products. This will be done in close collaboration with original equipment manufacturer (OEM) customers of these companies, thus ensuring that this cutting-edge technology will help both OEMs and their supply-chain partners in Ohio, Illinois, Indiana and Michigan.
â€śAs U.S. manufacturers work to keep their competitive edge, government and the private sector are working together to foster a vibrant advanced manufacturing sector in the United States,â€ť said U.S. Assistant Secretary of Commerce for Economic Development John Fernandez. â€śThis important public-private partnership to strengthen manufacturing in the Midwest is an example of the type of investment that can help America win the future by out-innovating and out-competing the rest of the world.â€ť
Todayâ€™s announcement was made at a meeting with small business and manufacturing leaders at the White House with Fernandez, Assistant to the President for Manufacturing Policy Ron Bloom, and U.S. Chief Technology Officer Aneesh Chopra. The new public-private partnership was formalized with the signing of a Memorandum of Understanding in support of the project. | Press release