ANNOUNCEMENT 16 Dec 2014

In December 2014, the government of the United States of America announced a change in private-sector financial support.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 1 neutral
  • 0 liberalising
Inception date: No inception date

State loan

On December 16, 2014 President Obama signed into law the Consolidated and Further Continuing Appropriations Act, 2015 (H.R.83), which became Public Law No. 113-235. Included within one section of this omnibus spending bill was the Revitalize American Manufacturing and Innovation Act of 2014, providing for the creation of a network of regional institutes across the country, each of them focused on a unique technology, material, or process relevant to advanced manufacturing. More specifically, the bill defines a center for manufacturing innovation as an institution that --
 
(A) has been established by a person or group of persons to address challenges in advanced manufacturing and to assist manufacturers in retaining or expanding industrial production and jobs in the United States;
(B) has a predominant focus on a manufacturing process, novel material, enabling technology, supply chain integration methodology, or another relevant aspect of advanced manufacturing, such as nanotechnology applications, advanced ceramics, photonics and optics, composites, biobased and advanced materials, flexible hybrid technologies, and tool development for microelectronics;
(C) as determined by the Secretary, has the potential-
(i) to improve the competitiveness of United States manufacturing, including key advanced manufacturing technologies such as nanotechnology, advanced ceramics, photonics and optics, composites, biobased and advanced materials, flexible hybrid technologies, and tool development for microelectronics;
(ii) to accelerate non-Federal investment in advanced manufacturing production capacity in the United States; or(iii) to enable the commercial application of new technologies or industry-wide manufacturing processes; and
(D) includes active participation among representatives from multiple industrial entities, research universities, community colleges, and such other entities as the Secretary considers appropriate, which may include industry-led consortia, career and technical education schools, Federal laboratories, State, local, and tribal governments, businesses, educational institutions, and nonprofit organizations.
The criteria for awarding funds explicitly mentions the potential to create or preserve jobs and advance domestic manufacturing.
The legislation stated that as far as the financial support for renewable energy-related centres was concerned the total amount of funding available was not to exceed $250 million over the nine fiscal years 2015 to 2024.

AFFECTED SECTORS

 
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AFFECTED PRODUCTS

 
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