Strengthening Supply Chains: New Support for Industry and Jobs
This act establishes a new office within the Department of Commerce to strengthen critical supply chains in the U.S. Citizens may experience greater stability in access to essential goods and services, as well as the creation of new manufacturing jobs, particularly in economically distressed areas. The program offers grants and loans to businesses to boost domestic production and resilience to crises.
Key points
Creation of the Supply Chain Resiliency and Crisis Response Office to coordinate efforts for economic and national security.
Availability of grants, loans, and loan guarantees for businesses, including small and medium-sized manufacturers, to develop domestic production of critical goods and services.
Support for the creation of jobs with competitive wages in the manufacturing sector, especially in areas needing assistance.
Requirement for businesses with 100 or more employees not to abrogate existing collective bargaining agreements and to remain neutral in union organizing efforts.
Status:
Expired
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