- THE MAGAZINE
The Obama administration recently announced that 10 public-private partnerships across the U.S. will receive $20 million in total awards to help revitalize American manufacturing and encourage companies to invest in the U.S.
The 10 partnerships were selected through the Advanced Manufacturing Jobs and Innovation Accelerator Challenge, a competitive multi-agency grant process announced in May to support initiatives that strengthen advanced manufacturing at the local level. These public-private partnerships consist of small and large businesses, colleges, nonprofits, and other local stakeholders that “cluster” in a particular area. The funds will help the winning clusters support local efforts to spur job creation through a variety of projects, including initiatives that connect innovative small suppliers with large companies, link research with the startups that can commercialize new ideas, and train workers with skills that firms need to capitalize on business opportunities.
For more information, visit www.commerce.gov.