COLUMBUS, Ohio (AP) — A $70 million federal contract is at the center of a new partnership between a central Ohio company and two universities to help research and develop innovations in lightweight metals.
Ohio State University says it is teaming with a Columbus company, EWI, and the University of Michigan for the project, which could help retain manufacturing jobs and create up to 10,000 jobs in the Midwest.
The Columbus Dispatch (http://bit.ly/1h4TssA ) reports that President Barack Obama will formally announce the contract award this week as part of his initiative to establish manufacturing innovation centers. OSU said the money will come from the U.S. Navy's budget.
The $70 million from the federal government will be distributed over five years. At least $70 million more will be invested by state governments and private companies.
Information from: The Columbus Dispatch, http://www.dispatch.com