In the wake of President Obama’s announcement about his administration’s Advanced Manufacturing Partnership, CBS News reporter Dean Reynolds reports from Astro Manufacturing in Willoughby, Ohio. Astro Manufacturing V.P. Rich Petersen takes him on a tour and describes the company’s strong position in precision manufacturing for the medical device industry.
Pittsburgh, June 24, 2011—Today, at Carnegie Mellon University, President Obama launched the Advanced Manufacturing Partnership (AMP), a national effort bringing together industry, universities, and the federal government to invest in the emerging technologies that will create high quality manufacturing jobs and enhance our global competitiveness. Investing in technologies, such as information technology, biotechnology, and nanotechnology, will support the creation of good jobs by helping U.S. manufacturers reduce costs, improve quality, and accelerate product development. The President’s plan, which leverages existing programs and proposals, will invest more than $500 million to jumpstart this effort. "Today, I’m calling for all of us to come together- private sector industry, universities, and the government- to spark a renaissance in American manufacturing and help our manufacturers develop the cutting-edge tools they need to compete with anyone in the world," said President Obama. "With these key investments, we can ensure that the United States remains a nation that ‘invents it here and manufactures it here’ and creates high-quality, good paying jobs for American workers." (Read more…) Related documents: White House Press Release: President Obama Launches Advanced Manufacturing Partnership, June 24, 2011 Full text of the President’s June 24, 2011 remarks in Pittsburgh Archived video of the President’s