Obama Announces New 3-D Printing Institute in Ohio

The Obama administration announced the creation of a National Additive Manufacturing Innovation Institute in Youngstown, Ohio, devoted to promoting 3-D printing technology.

"This institute will help make sure that the manufacturing jobs of tomorrow take root not in places like China or India, but right here in the United States of America," Obama said in a statement. "That's how we'll put more people back to work and build an economy that lasts."

The institute will be financed by $30 million in federal funding, matched by $40 million from a private industry consortium. It is designed to serve Ohio, Pennsylvania and West Virginia.