$26M available to manufacturers in federal grant competition
The Obama administration is making $26 million worth of competitive grants available to manufacturers as part of a cross-agency program called the Advanced Manufacturing Jobs and Innovation Accelerator Challenge.
The grant program is meant to bolster innovation-fueled job creation through public-private partnerships, according to the U.S. Small Business Administration.
The agency said about a dozen projects will be chosen for the money based on their ability to grow a region's industry clusters through:
• Strengthening connections to economic development opportunities and advanced manufacturing assets.
• Enhanced capacity to create high-quality sustainable jobs.
• Developing a skilled and diverse advanced manufacturing work force.
• Increasing exports.
• Encouraging small-business development.
• Accelerating technological innovation.
The competition is funded by the U.S. Department of Commerce's Economic Development Administration, the National Institute of Standards and Technology, the Department of Energy, Department of Labor's Employment and Training Administration and the National Science Foundation.
For more information on the competition and other federal programs for manufacturers, go to the Make it in America website.