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Obama Announces Initiative to Spur Innovations in Manufacturing

U.S. President Barack Obama announced the creation Monday of a new initiative that intends to help revitalize the U.S. manufacturing industry by spurring innovations in a sector described as "smart manufacturing." Speaking before business leaders at the annual SelectUSA Summit in Washington, Obama said a coalition of 200 partners will receive $140 million in public and private funding to "radically improve" the efficiency of manufacturing by developing smart sensor and...

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