INDIANAPOLIS (Jan. 9, 2015) – Indiana will participate in a public-private partnership to expand research, development and job creation in composite material technology, with the U.S. Department of Energy’s selection today of a multistate group for a $70 million federal investment to support automotive, defense, aerospace, motorsports, advanced materials and energy-related sectors.
“Composite materials are revolutionizing the manufacturing sector, especially in Indiana,” said Victor Smith, Indiana Secretary of Commerce. “As the national leader in manufacturing job growth last year, Hoosiers were already well-positioned to take the lead in advancing this technology. With this added bolt of support, composite material technology will help lift the future of advanced manufacturing in Indiana in partnership with our universities, national labs and neighboring states. Automobiles, campers, household products and even space vehicles are stronger with composite material technology, as is our Indiana economy and Hoosier job creation.”