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FACT SHEET: The President Announces Winner of New Smart Manufacturing Innovation Institute and New Manufacturing Hub Competitions

| Advanced Manufacturing, Manufacturing USA, National Network for Manufacturing Innovation

The Smart Manufacturing Innovation Institute, headquartered in Los Angeles, CA, brings over $140 million in public-private investment from leading universities and manufacturers to develop smart sensors for use in advanced manufacturing.

Throughout this week, the Obama Administration will be highlighting America’s capacity for creativity and invention and how our innovative progress over the last seven and a half years has helped continue to make our economy the strongest and most durable in the world.  As part of this effort, today, at the third-annual SelectUSA Summit in Washington, DC, before an audience of business leaders, economic development officials, and investors from around the world, President Obama will announce that the Smart Manufacturing Leadership Coalition (SMLC) will lead the new Smart Manufacturing Innovation Institute, in partnership with the Department of Energy. The winning coalition, headquartered in Los Angeles, California brings together a consortium of nearly 200 partners from across academia, industry, and non-profits—hailing from more than thirty states—to spur advances in smart sensors and digital process controls that can radically improve the efficiency of U.S. advanced manufacturing.