Los Angeles will become the headquarters for a federally funded institute devoted to developing sensors that make manufacturing more efficient.
President Obama is expected to announce the project, which will receive $140 million in public and private funding, Monday at the SelectUSA summit in Washington, D.C. A consortium of researchers in Los Angeles will coordinate the work of five regional centers — one at UCLA, and outposts in Texas, New York, Washington and North Carolina. Dozens of companies across the country will participate and invest in the initiative, including Google, Microsoft and Northrop Grumman. The initiative will get $70 million from the Department of Energy, and $70 million from private companies and state entities...
Full story at http://www.latimes.com/business/la-fi-manufacturing-hub-los-angeles-20160619-snap-story.html