Seeking ways to brighten a bleak employment picture, Obama traveled to Durham, N.C., on Monday to hear job-creation ideas from the corporate leaders who sit on his jobs council. One idea he emerged to announce was the engineering training program.
Obama says American companies, like computer chip maker Intel Corp., need the brightest American workers if they want to continue as leaders in technology and innovation.
Under the program, Obama says private companies will join the government to promote education in science, technology, engineering and math. They'll offer incentives to students to finish their degrees and help universities pay for their engineering programs.
He also says companies will double the number of summer internships they offer.