Why Were These Communities Chosen as Manufacturing Hubs? [SLIDESHOW]
May 29, 2014
The White House launched the Investing in Manufacturing Communities Partnership initiative last September as a means to link federal agencies with local governments to make them more competitive in attracting foreign manufacturers and their supply chains.
U.S. Commerce Secretary Penny Pritzker on May 28 named the first 12 communities that will receive federal aid to attract global companies under the Obama administration's Investing in Manufacturing Communities Partnership (IMCP) initiative.
IMCP, launched last September, is an Administration-wide initiative that aims to link federal agencies with local governments to make them more competitive in attracting foreign manufacturers and their supply chains.
The program will “accelerate the resurgence of manufacturing and help cultivate an environment for businesses to create well-paying manufacturing jobs in regions across the country,” according to the U.S. Economic Development Administration. “The IMCP is designed to reward communities that demonstrate best practices in attracting and expanding manufacturing by using long-term planning that integrates targeted investments in workforce training, infrastructure, research, and other key assets. “
