This sounds like a good thing for Chicago; in our society, Defense budget items are sacrosanct, as we1 would rather cut the ability of poor people to eat2, or the medical cost reimbursements of a veteran before we3 slice a dime from the military machine’s budget…
Chicago will be the site of a digital manufacturing institute backed by $70 million in government money and another $250 million of private finding…Chicago competed against several other locations in a bidding process run by the Defense Department. The city envisions the institute would focus on such projects as the faster and cheaper production of a next-generation aircraft engine; drastically reducing the amount of scrap material associated with small manufacturing runs; and speeding the design process among geographically dispersed suppliers.
“This is clearly, without a doubt, one of the most significant things to secure Chicago’s long-term economic future,” Chicago Mayor Rahm Emanuel said in a Saturday interview. “It is the best insurance policy you can buy, which is major research capacity.”
The $70 million grant will come from the Department of Defense. But far more was at stake, as city officials and business leaders quietly raised private commitments in excess of $5 million each from General Electric, Rolls-Royce, Procter & Gamble, Siemens, Lockheed Martin and The Dow Chemical Co.
The new institute, which is proposed for a leased building on the northern end of Goose Island, would fall under the oversight of UI Labs, a nascent University of Illinois-affiliated effort focused on turning academic research into moneymaking, job-creating products. UI Labs stands for “Universities and Industries.”
(click here to continue reading Chicago wins bid for $320 million manufacturing hub – chicagotribune.com.)