With great anticipation, the Obama Administration officially released a Federal Funding Opportunity for the Make it in America Challenge. In a partnership between the Department of Commerce (DOC) and the Department of Labor (DOL), this new competitive grant will provide $40 million to support the development and implementation of economic development strategies to spur job growth and increase manufacturing production in the U.S.
The new opportunity is $40 million in competitive grant funding for the development of regional economic development strategies. As set forth by the Obama Administration, the goals of this effort are to strengthen regional assets, connect regional supply chains, assist small-to-medium sized enterprises, and build a highly-skilled and diverse workforce to meet employer demand. As a joint effort of the Economic Development Administration and the National Institute of Standards and Technology, which are both part of the DOC, and the Employment and Training Administration with the DOL, all applicants must submit an integrated proposal that captures the goals of each agency. For those within the Delta Regional Authority, additional funding is being made available through its federal allocation.
For additional information on the announcement, please read the Make it in America Challenge program summary document assembled by H&A staff. If you need additional assistance or have further questions, please contact our federal grants experts at (800) 840-8850 or visitwww.hickeyandassociates.com.
With over 25 years of experience in global corporate site selection and public incentive advisory, Hickey & Associates represents their clients in a broad range of industries and regions. Sector expertise includes advanced manufacturing, aerospace and defense, renewable energy, healthcare, logistics, and professional services, among others. Our Team has negotiated and managed over US$1 billion in incentives throughout North America and in thirty countries world-wide.