A Knoxville-area based consortium of 122 companies, nonprofits, universities and research laboratories is partnering with the Department of Energy to create a more than $250 million manufacturing innovation institute focused on U.S. leadership in next-generation composite materials.
Today, the President is announcing the latest in a series of partnerships aimed at boosting advanced manufacturing, fostering American innovation, and attracting well-paying jobs that will strengthen the middle class. After a decade of decline, American manufacturing is coming back, adding 786,000 new jobs since February 2010. Today’s new action is the kind of investment we need to build on this progress, creating the foundation needed for American manufacturing growth and competitiveness in the years to come.