SBA Announces $1.1M Grant for Small Manufacturers
SBA Announces $1.1M Grant for Small Manufacturers

SBA Announces $1.1M Grant for Small Manufacturers

News summary

The U.S. Small Business Administration (SBA) has launched the Manufacturing in America Grant Initiative, offering up to $1.1 million in funding to three eligible applicants to deliver training and technical assistance for small manufacturers as part of its Empower to Grow Program. This initiative is part of the broader Made in America Manufacturing Initiative, which aims to revitalize the U.S. industrial base, strengthen supply chains, and promote economic independence by supporting small businesses in industries like timber, energy, aluminum, and steel. The Empower to Grow Program provides free business courses, hands-on training, and one-on-one consulting to help small manufacturers expand operations, hire workers, and improve regulatory compliance. SBA Administrator Kelly Loeffler emphasized that these efforts are intended to accelerate the return of American supply chains and production power, with a focus on job creation and economic growth. The SBA is also working to reduce regulatory burdens and expand access to capital through initiatives like the Red Tape Hotline, aiming to support small manufacturers in overcoming economic barriers. The application deadline for the grant program is May 12.

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