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The Hill: President Obama on Friday will announce the launch of the Advanced Manufacturing Partnership (AMP), an initiative that would provide more than $500 million to encourage investments in promising technologies. It is the administration’s second initiative in less than a month intended to boost U.S. manufacturing.

In a speech at Carnegie Mellon University in Pittsburgh, the president will outline a plan whereby the federal government, industry and universities can work together to better determine needed areas of investment.

…The plan would “work together as part of an overall manufacturing agenda,” a senior administration official said. “We have a long history in partnering with industry, and we’ll use AMP to make breakthroughs for next decade and the decades ahead.”

“If we can lead in these kinds of technologies, we can revitalize manufacturing and make America the destination of choice for people who want to make things,” the official said.

….Starting this summer, the departments of Defense, Homeland Security, Energy, Agriculture, Commerce and other agencies will coordinate, with the aim of gathering $300 million to invest with industry.

….AMP is being developed based on the recommendation of the President’s Council of Advisers on Science and Technology, calling for a partnership between the groups involved to identify the most pressing challenges and opportunities.

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