Obama touts investment in Michigan battery plant - WAOW - Newsline 9, Wausau News, Weather, Sports

Obama touts investment in Michigan battery plant

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HOLLAND, Mich. (AP) -- President Barack Obama says the groundbreaking for an electric vehicle battery plant in Michigan has more to do with building a better economic future for the U.S. than putting up another factory.

The Compact Power plant in Holland, Mich., is the ninth such plant to open with money from the economic stimulus bill that Obama signed last year. Hundreds of people will be put to work building it, and hundreds more will get jobs once it opens.

With unemployment still a top concern, Obama was telling the crowd at Thursday's ceremony that his administration and the new jobs announced in Michigan are laying the foundation for small businesses to expand and hire. He says such efforts will help strengthen the economy in the long run.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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