RALEIGH – President Barack Obama will announce a new manufacturing innovation institute and address the economy in front of students and others at N.C.State’s Reynolds Coliseum Wednesday afternoon.

According to an Obama administration release, the President will announce N.C.State as the leader of six universities and 18 private-sector companies that will be a part of the “Next Generation Power Electronics Innovation Institute”. The institute will invest in manufacturing technology that can make chips and devices smaller and more efficient.

The Triangle’s economy continues to show positive signs as outlined in the unemployment rate of Orange, Durham, and Wake counties. All three were in the top seven in the state of lowest unemployment rates in November.

Five hundred tickets were handed out to NCSU students who will likely also hear President Obama speak in favor of U.S. Senator Kay Hagan. The North Carolina democrat says she will not make the trip to Raleigh because the senate is currently in session.

Tune in to WCHL in the 1:00 p.m. hour Wednesday to hear the President’s speech live from N.C.State’s campus. Carolina Connection’s Zach Mayo will be in attendance and will provide a report.

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