WASHINGTON—U.S. Secretary of Commerce Penny Pritzker has announced a second set of 12 “manufacturing communities” to receive federal grants under the Obama Administration’s Investing in Manufacturing Communities Partnership initiative. The program is designed to accelerate the resurgence of manufacturing in communities nationwide by supporting the development of long-term economic development strategies.
"Happy Days Are Here Again” was a popular song back in the 1930s. Assemblers in many industries have been singing an updated version of the tune lately, because the new golden age of American manufacturing has begun.
WASHINGTON—The Obama administration has named 12 regions of the U,S. that will receive special attention under a new federal program designed to help make them more attractive to manufacturing companies.
CHARLOTTE, NC—Touting a rebound in manufacturing jobs, President Obama announced a public-private partnership to expand that momentum. He unveiled a manufacturing innovation institute in North Carolina, the first of three similar hubs he proposed in last year’s State of the Union address.
Economic activity in the manufacturing sector expanded in October for the fifth consecutive month, and the overall economy grew for the 53rd consecutive month, according to the latest data from the Institute for Supply Management.
NEW YORK—A new exchange-traded fund focusing on robotics and automation companies was launched on the NASDAQ Thursday. The ROBO-STOX Global Robotics and Automation Index ETF (Ticker Symbol: ROBO) closed at $24.94 per share.
WASHINGTON—For 2013 as a whole, manufacturing production should increase 3.1 percent from 2012, according to the Manufacturing Alliance for Productivity and Innovation. Manufacturing is predicted to grow 3.6 percent in 2014, 0.8 percentage points faster than the overall economy.