Secretary Penny Pritzker announced the launch of Phase 2 of the “Investing in Manufacturing Communities Partnership” (IMCP), an administration-wide initiative led by the White House and the U.S. Department of Commerce that will encourage communities to devise comprehensive economic development strategies that strengthen their competitive edge in attracting global manufacturers and their supply chains.
Pritzker announced the initiative during her opening remarks at the White House Mayor’s Manufacturing Community Summit. During this phase, communities will have an opportunity to compete for a special designation that will elevate them in consideration for $1.3 billion in federal dollars and assistance from 10 cabinet departments/agencies. These communities could also potentially receive catalytic additional federal investments to further support their economic development strategies.
The IMCP is a critical component of the Department of Commerce’s “Open for
Business Agenda,” which prioritizes trade and investment. The initiative seeks
to enhance the way we leverage federal economic development funds to encourage
American communities to focus not only on attracting individual investments one
at a time, but transforming themselves into globally-competitive manufacturing
During Phase One, 44 communities were awarded a total of $7 million to support the creation of economic development strategies that recognize the community’s comparative advantages as a place to do business, invest in public goods, and encourage collaboration between multiple entities to expand the area’s commercial appeal to investors.
Learn more with this fact sheet on Phase 2 of the IMCP. Or watch this video of four mayors who have seen the benefits of manufacturing in their city.