Challenge Focused on Encouraging Businesses to Bring Production Back to the United States or Expand Domestic Operations
The Obama Administration today announced that it is accepting proposals through May 31, 2013, for the Make it in America Challenge, a $40 million competition funded by multiple federal agencies that is designed to encourage investment and job creation in the United States. Up to 15 awards will be made to challenge applicants who put forth one plan to accelerate job creation by encouraging re-shoring of productive activity by U.S. firms, fostering increased foreign direct investment, encouraging U.S. companies to keep or expand their businesses—and jobs—here at home, and training local workers to meet the needs of those businesses.
Challenge applicants must submit applications that leverages complementary Federal funding sources to support the development and implementation of a regionally driven economic development strategy. Eligible challenge applicants must demonstrate support of the development and implementation of a regionally driven economic development strategy. Applicants must provide a detailed description of all activities that will be undertaken, a summary of how these activities support the overall project’s goals, and a clear data-driven overview of anticipated impacts. Applicants will be evaluated based on their ability to meet the criteria set forth in Section VI.A of the Federal Funding Opportunity. All proposals must be submitted through www.grants.gov.
The Make it in America Challenge builds on the Administration’s efforts to encourage companies – large and small, foreign and domestic, manufacturers and service firms – to increase their investment in the United States. The President’s initiatives include 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.