$30 million to form investment hub in Youngstown
White House officials are announcing a $30 million investment to form a manufacturing hub in Ohio aimed at boosting technology in a three-state region, the Associated Press reported this morning.
President Barack Obama’s administration will announce details Today of a partnership between dozens of companies, universities and nonprofit organizations in Ohio, Pennsylvania and West Virginia. Its main hub in Youngstown, Ohio, is scheduled to launch by September.
The consortium will develop additive manufacturing, also known as 3D printing, which will affect a range of industries including defense, aerospace and automotive. The partnering entities will add another $40 million to the pilot program, which beat out proposals from other regions in the country.
The Obama administration says the consortium is part of a plan announced in March to launch future manufacturing hubs around the country.