Archive for March 9th, 2012
In front of the backdrop of a booming Virginia business, President Barack Obama will propose a $1 billion package aimed at bringing manufacturing jobs back to the U.S.
On the same day that the labor department released another encouraging jobs report, the president will argue that the U.S needs to build on the slowly forming recovery, and put up the resources to help companies hire American blue collar workers.
Mr. Obama will call for a National Network for Manufacturing Innovation that will establish 15 different institutes across the country that will help build a base of knowledge in different technology sectors. The goal will be for international companies to consider building their plants in the U.S.
The Rolls-Royce plant at Crosspointe is considered an example of that potential. The jet disc manufacturing plant is considering an expansion. The company is headquartered in the United Kingdom.
The idea of $1 billion in new spending is something that will be a tough sell to republicans in Congress. They have been resistant to most of the president’s proposals to expand business opportunities that are based in spending, not tax cuts.
Gov. Bob McDonnell will be at today’s event as well. We’ll get his take on the proposal as well.
We will have live coverage of the president’s visit on air and online. Tune into NBC12 and NBC12.com starting at 11:30, when the president is expected to arrive at RIC.