Walmart, Walmart Foundation And The U.S. Conference Of Mayors Launch $10 Million U.S. Manufacturing Innovation Fund
WASHINGTON — March 13, 2014 — Walmart, the Walmart Foundation and the United States Conference of Mayors (USCM) today launched the Walmart U.S. 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 U.S. 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.
“Through the Walmart U.S. Manufacturing Innovation Fund, we hope to help remove the barriers to revitalizing and growing U.S. manufacturing, creating jobs and building a stronger American economy,” said Cindi Marsiglio, vice president of U.S. sourcing and domestic manufacturing for Walmart. “This is part of Walmart and the Walmart Foundation’s broader commitment to foster new ideas and jobs to promote strong communities and grow America’s manufacturing footprint.”
Today’s announcement 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 U.S. manufacturing and create American jobs. The Boston Consulting Group estimates the initiative will add 1 million jobs in the United States.
"The U.S. Conference of Mayors is committed to helping bring manufacturing jobs back to America's cities, and our partnership with Walmart and the Walmart Foundation will strengthen our metro economies that drive the national economy," said Tom Cochran, USCM CEO and executive director.
Applications are due April 22, 2014. 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 and to apply for a grant please visit www.usmanufacturingfund.com. Learn more from Cindi Marsiglio at http://blog.walmart.com/rewarding-innovation-to-help-lower-american-manufacturing-costs. And join the conversation @WalmartNewsroom.
Posted March 14, 2014