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Obama Administration Announces $40 Million “Make it in AmericaChallenge” to Accelerate Insourcing
Sep 26, 2012
The Obama administration has announced a $40 million multi-agency competition, the Make it in AmericaChallenge, to accelerate the trend of insourcing, where companies are bringing jobs back and making additional investments here in America. The competition, which is being funded by the U.S. Department of Commerce's Economic Development Administration and National Institute of Standards and Technology Manufacturing Extension Partnership and the U.S. Department of Labor's Employment and Training Administration, will build upon the administration's bottom-up approach to strengthening the economy and creating jobs by partnering with state, regional and local economies.
The announcement builds on the administration's efforts to encourage companies — large and small, foreign and domestic, manufacturers and services firms — to increase investment in the United States. The president's plan includes eliminating tax incentives for companies that ship jobs overseas and providing tax credits for companies that bring jobs back, investing in American workers to ensure they have the skills they need, modernizing our infrastructure and taking action to ensure that American businesses and workers are competing on a level playing field.
The national competition announced will help provide the critical infrastructure, strategic planning, capacity building, technical assistance and workforce skills training necessary for American communities to be the desired home for more businesses.
The challenge is expected to give out approximately 15 awards, depending on the number of eligible applications.
To be eligible for an award, projects must encourage insourcing through onshoring of productive activity by U.S. firms, fostering increased foreign direct investment or incentivizing U.S. companies to keep their businesses and jobs here at home, as well as train local workers to meet the needs of those businesses.
A federal funding opportunity will be published by early 2013, which will provide detailed guidelines for submitting an application, including the deadline.