President Obama Announces $300 Million Investment In Emerging Manufacturing Technologie

On October 27, 2014, President Obama announced new plans to strengthen the manufacturing sector. One of the listed plans involved the Departments of Defense, Energy, and Agriculture, and the National Aeronautics and Space Administration (NASA) coming together to invest in advanced materials, advanced sensors, and digital manufacturing. These three areas were determined to be critical to U.S. competitiveness and include biobased materials in the advanced materials category. Over $300 million is going to be invested across the three categories and the research investments by the federal government are expected to be matched by efforts in the private sector. More information about the announcement can be found in the statement released by the Office of the Press Secretary.