The competition is an Administration-wide initiative coordinated by the U.S. Commerce Department that rewards communities that demonstrate best practices in attracting and expanding manufacturing by bringing together key local stakeholders and using long-term planning that integrates targeted public and private investments. The initiative is designed to accelerate the resurgence of manufacturing in communities nationwide. The IMCP designation elevates communities in consideration for $1.3 billion in federal dollars and assistance from 10 federal departments and agencies. In addition, each designated community will receive a federal liaison and branding and promotion as a designated Manufacturing Community to help attract additional private investment and partnerships.
The committee will designate up to 12 communities as manufacturing communities (Manufacturing Communities) through the Investing in Manufacturing Communities Partnership (IMCP). Manufacturing Communities will receive preference for a range of future Federal economic development funding and technical assistance offered by IMCP participating agencies. Some Manufacturing Communities may receive financial assistance awards from IMCP participating agencies to assist in cultivating an environment for businesses to create well-paying manufacturing jobs in regions across the country.