Grant Program Aims to Grow US Manufacturing
Walmart, the Walmart Foundation and the United States Conference of Mayors have launched the Walmart US Manufacturing Innovation Fund. Eligible non-profit organizations can apply for grants of $100,000 or more, funded by the Walmart Foundation, to help create solutions to challenges many companies face with on-shoring and growing US manufacturing.
The first year of the initiative will focus on innovation in textiles manufacturing and common manufacturing processes that apply to a broad range of consumer goods, including small motor manufacturing and tooling for injection molding. Anticipated participating organizations include research and academic institutions, think tanks and other non-profit entities focused on innovations in manufacturing.
The initiative is part of Walmart’s commitment to buy an additional $250 billion in products that support American manufacturing. It represents a significant investment to accelerate US manufacturing and create American jobs. The Boston Consulting Group estimates it will add 1 million jobs in the United States.
Applications are due April 22. Selected proposals will receive grants ranging from $100,000 and above for award periods of at least one year, with the option of reapplying for continued funding. Each applicant will need sponsorship from the mayor of a USCM-member city.
For more information, visit www.usmanufacturingfund.com.