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Saturday, February 22, 2014

$140M Prize: State Wins Manufacturing Institute; Will Be Built In Canton

A Michigan-based consortium of businesses, universities and other organizations has won a $140-million competition to become one of the first three manufacturing innovation institutes in the nation, the White House announced Saturday.

The federal government will invest $70 million in the U.S. Department of Defense-led Lightweight and Modern Metals Manufacturing Innovation Institute to be headquartered in Canton, with at least another $70 million in matching money to come from private or other public sources.

It wasn’t known when the institute would begin work or how large its presence would be in southeastern Michigan, with many of the consortium’s members at facilities around the country. But by bringing the institute’s home base to metro Detroit, it continues the area’s standing as a pre-eminent area for American manufacturing.

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