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President Barack Obama gave a vote of support to manufacturing entrepreneurs today.

The White House announced that it will coordinate three competitions for teams across the U.S. to win a combined $200 million to develop manufacturing innovation hubs. Teams consisting of any variety of companies, universities, community colleges and nonprofit organizations in one geographic region are eligible to band together to apply for the money. Winners will be picked later this year, the Obama administration says.

To read the original article: Obama Offers $200 Million Prize to Build 3 Manufacturing Innovation Hubs - Terra USA