Senator Announces Manufacturing Legislation That Would Promote Exports
Sen. Kirsten Gillibrand, D-N.Y., on Aug. 10 announced legislation geared toward boosting U.S. exports that would provide federal economic development grants to manufacturing-intensive regions across the country (here). Under the legislation, for a region to earn a beneficial “manufacturing communities”…
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designation, it would need to form a coalition including local and state economic development officials, local government officials, manufacturers, labor unions, and/or higher education or other training providers; the bill directs that the partnering entities demonstrate to the federal government a sound strategy for investment in export promotion, supply chain support and advanced research, among other things. Communities that meet all the criteria will get preferred consideration when applying for up to $1.3 billion in currently available federal economic development funding for manufacturing, Gillibrand’s office said.