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Obama Administration Announces $26 Million Advanced Manufacturing Jobs and Innovation Accelerator Challenge
$26 Million Multi-Agency Advanced Manufacturing Jobs and Innovation Accelerator Challenge
The Obama Administration announces a $26 million Advanced Manufacturing Jobs and Innovation Accelerator Challenge, a partnership between the U.S. Department of Commerce’s Economic Development Administration and National Institute of Standards and Technology, the U.S. Department of Energy, the U.S. Department of Labor’s Employment and Training Administration, the Small Business Administration, and the National Science Foundation. This initiative will assist the development and implementation of regionally-driven economic development strategies that support advanced manufacturing and cluster development. In addition to the six partnering agencies, the initiative will leverage technical assistance from up to eight other Federal agencies.
The investments will accelerate innovation-fueled job creation and economic prosperity through public private partnerships, and serve as a catalyst for leveraging private capital, assisting entrepreneurial development in disadvantaged communities and promoting cluster based development in advanced manufacturing.