“As President Obama made clear, an American economy built to last will depend on American manufacturing, American energy and skills for American workers,” said U.S. Energy Secretary Steven Chu.
The Obama Administration announced a $26 million multi-agency Advanced Manufacturing Jobs and Innovation Accelerator Challenge to foster innovation-fueled job creation through public-private partnerships. These coordinated investments will help catalyze and leverage private capital, build an entrepreneurial ecosystem, and promote cluster-based development in regions across the United States. This is the third round of the Jobs Accelerator competition, which is being funded by the U.S. Department of Commerce’s Economic Development Administration (EDA) and National Institute of Standards and Technology (NIST); the U.S. Department of Energy; the U.S. Department of Labor’s Employment and Training Administration; the Small Business Administration; and the National Science Foundation (NSF).
“This $26 million Accelerator Challenge is yet another example of the Obama Administration’s commitment to supporting American manufacturers in building things here and selling them everywhere,” said U.S. Commerce Secretary John Bryson. “We are so pleased to join with our federal agency partners to further strengthen the American manufacturing sector, which creates high quality, good paying jobs. Commerce’s Economic Development Administration has a strong record of investing in regional innovation clusters that foster the job creation and business development crucial to an economy that is built to last. This Challenge further bolsters our efforts and builds on the momentum we have seen in the manufacturing sector in recent months, including the 489,000 U.S. manufacturing jobs that have been added since January 2010.”
Advanced manufacturing is critical to the health of the national economy and provides essential goods and equipment directly to consumers as well as to a wide range of industries, including the energy production, agriculture, medical and computing industries, and the security and intelligence sectors.
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Source: Energy Efficiency and Renewable Energy | U.S. Department of Energy
Image: U.S. Department of Energy