On Friday, President Obama continued to highlight the successful trend of insourcing – companies from around the world bringing jobs back and making new investments here in the United States – at the Rolls-Royce Crosspointe jet engine disc manufacturing facility in Prince George County, Virginia. The President’s Blueprint for An Economy Built to Last lays out a number of ways we can encourage insourcing, support investment in our manufacturing sector, and create good jobs here in the United States, and today’s announcements build on those efforts.
The President announced a new proposal for a National Network for Manufacturing Innovation, to build a network of up to fifteen Institutes for Manufacturing Innovation around the country, serving as regional hubs of manufacturing excellence that will help to make our manufacturers more competitive and encourage investment in the United States. The President’s Budget proposes a $1 billion investment to create this new National Network for Manufacturing Innovation.
The President also announced that the Administration will take immediate steps to launch a pilot institute for manufacturing innovation as part of its We Can’t Wait efforts. The pilot institute will be funded from $45 million of existing resources from the Departments of Defense, Energy, and Commerce and the National Science Foundation, and will be selected from a competitive application process.
The Rolls-Royce Crosspointe jet engine disc manufacturing facility the President visited is an example of how insourcing means companies from around the world are creating new, good paying jobs here at home. The company is planning to add 140 new jobs at Crosspointe and more than 100 additional jobs in Indiana manufacturing components for commercial aircraft engines. Crosspointe is a center of advanced manufacturing and innovation that demonstrates collaboration can spur American jobs and competitiveness.
Full story at The White House