WASHINGTON (AP) -- The Obama administration is creating a $4.5 million partnership between the private sector and government to help Midwest manufacturers access high-tech computing to speed up design cycles for future products.
The White House said Wednesday the funding would create a partnership between large corporations, government, universities and manufacturers to develop high-performance software to help manufacturers conduct modeling and simulation of future products. It would help manufacturers in Illinois, Indiana, Michigan and Ohio.
The program is part of the administration's focus on innovation and competitiveness to boost the economy.
Administration officials said $2 million in funding from the Commerce Department would be matched by $2.5 million from Deere & Co., General Electric Co., Lockheed Martin Corp. and The Proctor & Gamble Co.