This week President Obama made some major announcements that will help create new, 21st century job opportunities for American workers in high-demand sectors.
Specifically, President Obama launched two new competitions for manufacturing and innovation institutes, one in smart manufacturing at the Department of Energy, and one in flexible hybrid electronics at the Department of Defense. Each institute will receive $70 million or more of federal investment to be matched by at least $70 million from the private sector, for a total of more than $290 million in new investment.
This announcement fulfills the President’s 2014 State of the Union pledge to launch four new institutes this year, for a total of eight institutes launched so far, and puts the Administration past the halfway mark on the President’s original goal of creating 15 manufacturing innovation institutes supported through executive action. These institutes are critical to ensuring the United States maintains its global leadership in innovation.
The Department of Commerce is committed to the President’s vision of creating a full national network of up to 45 manufacturing institutes over the next 10 years, which will require Congress to pass legislation. Secretary Pritzker has advocated for the passage of pending bipartisan legislation that would establish NNMI. Specifically, the Revitalize American Manufacturing and Innovation (RAMI) Act would create a network of up to 15 regional institutes nationwide. The legislation will also encourage partnership and regional collaboration between communities, the private sector, academia, NGOs, and needed supply chains in order to bring ideas from the lab to market.
NNMI would play a critical role in boosting America’s industrial competitiveness by supporting innovative technology development. Support for this network of industry-driven commercialization hubs will help strengthen U.S. innovation and competitiveness, two key priorities of the Commerce Department’s “Open for Business Agenda.”