CANTON, Mich. (WXYZ) - A new $148 million high-tech manufacturing research institute set to open this spring in Canton is expected to bring 10,000 jobs to the area within the next five years.
On Saturday, the White House announced The American Lightweight Materials Manufacturing Innovation Institute (ALMMII), which will be lead by the University of Michigan, Ohio State University, and EWI, a non-profit manufacturing technology group based in Ohio. There will also be over 50 other companies from around the country that will be involved in the partnership.
ALMMII is designed to establish an ecosystem to support the production of advanced lightweight metals. It will also enable research and development projects, and prepare the workforce through education and training programs.
The company will move these lightweight metals out of the lab and into the trucks, airplanes, and ships in both the commercial and military sector.
Most of the 10,000 jobs it's expected to create will be in metal stamping, metalworking, and machining and casting industries. It aims to add 100 more metal related engineering professionals per year and 1,000 more skilled trade workers. Also, within three years, they want to offer advanced training to an additional 1,000 current employees per year.
ALMMII was selected by the Department of Defense to receive $70 million in federal funding over the next five years, and will also get $78 million from the partners involved in the project.
President Obama is expected to give more details about the institute in a speech Tuesday.