President Clinton's Technology Reinvestment Project (TRP) press release.

[David Farber <farber@central.cis.upenn.edu>]

                         THE WHITE HOUSE

                  Office of the Press Secretary
_________________________________________________________________

For Immediate Release                             August 12, 1993


                STATEMENT BY THE PRESS SECRETARY


President Clinton's Technology Reinvestment Project (TRP), a 
cornerstone of his defense reinvestment and conversion 
initiative, has drawn a powerful show of interest from American 
industry.  Over 2,800 proposals, requesting $9.0 billion, were 
submitted in response to the offer of $472 million in matching 
federal grants from the TRP, which will announce the winners of 
its competition beginning in late September.  The TRP includes 
funds for development of dual-use technologies that meet both 
defense and civilian needs, and for technology assistance to 
small firms, including defense firms making the transition to 
commercial manufacturing.

"The enthusiastic response to the Technology Reinvestment Project 
demonstrates that the companies, large and small, that helped us 
win the Cold War are eager to compete and win in civilian 
markets," said Mr. Clinton, who announced the TRP in a speech at 
a defense plant outside Baltimore in March.  "There appears to be 
no shortage of good ideas for turning swords into plowshares and 
bullets into bullet-trains.  That means jobs for factory workers, 
engineers, and scientists alike, as we redeploy the people, 
skills and technologies that made our defense industry second to 
none to the commercial industries we'll need to compete in a 
global economy."

The response to President Clinton's invitation came from 
companies, universities, and state and local governments, 
competing on a merit basis for grants from the Technology 
Reinvestment Project.  The TRP requires successful applicants to 
match federal funds with their own money.

Proposals were received from organizations located in all 50 
states and the District of Columbia.  The states with the highest 
number of proposals submitted were California, Massachusetts and 
New York.  Florida, Pennsylvania and Texas also submitted large 
numbers of proposals.

The TRP solicited proposals in three key areas:  technology 
development, to create new technologies with the potential for 
commercialization within five years; technology deployment, to 
disseminate existing technology for near-term commercial and


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defense products; and manufacturing education and training, to 
strengthen engineering and work force capabilities necessary for 
a competitive industrial base.

In the technology development category, the TRP received more 
than 1,900 proposals, requesting $7.0 billion.  Technology 
deployment drew more than 550 proposals, requesting $1.5 billion.  
The manufacturing education and training category received more 
than 350 proposals, requesting $500 million.

Within the technology development category, the largest number of 
proposals were received from companies interested in pursuing 
information technology, vehicle technology, environmental 
technology, health care technology, and advanced materials and 
structures.  Other high-interest technology areas include 
electronics design and manufacturing, aeronautical technology, 
and mechanical design and manufacturing.

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