Ford Part of $500-Million Obama Manufacturing Initiative
The initiative will draw funds from currently submitted proposals and existing programs in the federal government. “Our goal is to use the Advanced Manufacturing Partnership to help make breakthroughs for the next decade and the decade ahead,” Ron Bloom, President Obama’s manufacturing advisor, says. Some $300 million is earmarked to develop advanced batteries and composites and new-age metal fabrication and biomanufacturing techniques. The AMP will direct $100 million toward nanotechnology research aimed at manufacturing, renewable energy and national security, $70 million for robotics research and $120 million to study how manufacturing processes can use less energy.