Yesterday, the U.S. Departments of Commerce and Labor announced the Make it in America Challenge – a $40 million multi-agency competition that will help accelerate business investments in the U.S. This includes insourcing, where U.S.-based companies bring jobs back, or foreign investment, when foreign companies build factories here and hire American workers to run them.
The competition is being funded by Commerce’s Economic Development Administration and National Institute of Standards and Technology Manufacturing Extension Partnership, and Labor’s Employment and Training Administration. It builds upon the administration’s efforts to strengthen the economy and create jobs by partnering with state, regional, and local partners.
Beginning next year, three-year grants will be available to states, cities, nonprofits, colleges and economic development districts that develop plans to help attract companies that want to build in the U.S. but might need a few more resources.
Source: http://www.whitehouse.gov/blog/2012/09/26/administration-teams-bring-jobs-back-america
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