North Carolina State University will lead a group of six universities and 18 private-sector companies in a new manufacturing innovation institute. President Obama will visit the N.C. State Campus this afternoon to announce the “Next Generation Power Electronics Innovation Institute,” which will include the University of North Carolina System, Arizona State University, Florida State University, University of California at Santa Barbara and Virginia Tech. Cree, Delta Products, John Deere, Toshiba, Vacon and other companies will represent the private sector in the institute. As reported here, the “Next Generation Power Electronics Innovation Institute” will help companies and universities invest in manufacturing technology and develop next-generation power electronics. Read additional details about the institute in this article.

North Carolina’s manufacturers and university system have proved to be a leading hub for innovation in the U.S. The announcement of the “Next Generation Power Electronics Innovation Institute” is a great example of how the public and private sectors can work together to spur continued innovation and cutting-edge technology.

Gary J. Salamido
Vice President, Government Affairs
North Carolina Chamber