This bill — the Make It In America Manufacturing Communities Act — would codify the Investing in Manufacturing Communities Partnership (IMCP), which allows communities around the country to compete to receive preferential consideration for federal economic development funds. The Economic Development Administration (EDA), which is currently responsible for administering this program, would remain responsible for it.
To compete for funding through this program and earn the “Manufacturing Communities” designation, communities would create regional partnerships with key stakeholders, such as local and state economic development officials, local governments, manufacturers, labor organizations, and higher education or other training providers. To earn the Manufacturing Communities designation, communities would be required to demonstrate the significance of manufacturing in their region and develop strategies to utilize their “Manufacturing Communities” designation in making investments in six areas:
- Workforce training and retraining;
- Advanced research;
- Infrastructure and site development;
- Supply chain support;
- Promotion of exports and foreign direct investment; and
- Operational improvement and capital access for manufacturers that supports energy or process efficiency, equipment or facility upgrades, the development of business incubators, among other activities.