Obama Invests in Manufacturing Future

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December 17, 2014 at 3:42 pm  •  Posted in Machine Builder  •  0 Comments

The White House announced several new executive measures to invest in research and technology that would boost the advanced technology sector. These includes a $100 million allocation to invest in apprenticeship programs, $150 million to support and market new technologies in ten states, and $300 million for digital manufacturing.

White House spokesman Josh Earnest said the three executive measures ‘‘represent substantial investment by the federal government into research and technology that could boost the advanced manufacturing sector.’’

Overall, the US economy has created about 700,000 manufacturing jobs since its low point of 11.45 million jobs in February 2010. Still, the sector has far to go before rivaling the glory days of 1979 and early 1980, when it accounted for more than 19 million jobs. Between 2000 and the beginning of 2009, the sector lost nearly 5 million jobs.

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