Michigan picked for $148 million high-tech hub

Stefanie Botelho's picture

At a press conference at the White House, President Barack Obama began with a joke.

While there was no blastoff, the joke alluded to a new manufacturing innovation institute focused on lightweight and modern metals that will open in Metro Detroit this spring.

The American Lightweight Materials Manufacturing Innovation Institute involves a conglomerate of more than 50 companies, nonprofits and universities — including the University of Michigan — and is expected to create 10,000 jobs in the region during the next five years.

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