Obama Announces $140 Million Technology Hub in North Carolina

Will be at North Carolina State University

President Obama was in North Carolina yesterday to announce the creation of a $140 million technology hub at NC State University.

The announcement is part of a larger effort by the White House to foster the kind of high-tech collaboration that will encourage industry and generate jobs.

At NC State's indoor tennis center, the mood was joyful yesterday. As the school's pep band played, about two thousand people filed into the space that had been transformed into a mega-church-like venue. When President Obama arrived, the applause was deafening.