Gene Sperling, Director of the National Economic Council under the President, gives this 60-second explanation of the importance of manufacturing and the value of the new Manufacturing Innovation Institutes. Mr. Sperling says manufacturing “punches above its weight” in terms of the jobs and innovation it produces. He says the manufacturing innovation hubs will bring together businesses and universities for cooperative investment and research that neither side would do alone. The first such institute is the National Additive Manufacturing Innovation Institute recently opened in Youngstown, Ohio.
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