North Carolina State University will lead a group of six universities and 18 private-sector companies in a new manufacturing innovation institute, President Barack Obama announced Wednesday during a visit to the Triangle.
The Next Generation Power Electronics Innovation Institute will help companies and universities invest in manufacturing technology and develop cutting-edge electronics to boost efficiencies and spur hiring. It’s the second such manufacturing innovation hub that Obama called for in his State of the Union address last year.
“I don’t want the next big job-creating discovery and research and technology to be in Germany or China or Japan. I want it to be right here in the United States of America. I want it to be right here in North Carolina,” Obama told a crowd of about 2,000 people packed into the J.W. Isenhour Tennis Center on N.C. State’s campus.
Please let me know of any business venture that wasn’t pooched when government was involved with it. Not only is this another US gov money pit, our NC govt also is giving 10 mil! Business + govt = fascism.