Grants to Prepare Sites for Manufacturing and Strengthen Critical Supply Chains.
This Act establishes a new federal grant program to fund the development of undeveloped industrial sites, making them ready for manufacturing projects. The goal is to strengthen domestic supply chains, incentivize companies to return production to the U.S. (reshoring), and attract foreign investment. This initiative aims to create new jobs, particularly in rural and economically disadvantaged areas, by funding infrastructure and workforce training.
Key points
Authorizes $100 million annually (2024-2028) for preparing sites for advanced manufacturing and critical technology production.
Funds can be used for essential infrastructure (roads, utilities, broadband) and workforce development/job training programs.
Priority is given to projects in rural or high-unemployment regions that support national security and economic competitiveness.
Grants cannot be awarded to or benefit 'foreign entities of concern'.
Status:
Expired
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