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Obama Administration Announced $40 Million Challenge to Reshore, Retain U.S. Jobs
The Obama administration announced the $40 million "Make it in America" Challenge to accelerate the growing trend of reshoring, attract more foreign direct investments (FDI) and create well-paying domestic jobs. The multiagency competition will award up to 15 grants to regions from across the country to develop and implement regional economic development strategies that encourage reshoring, foster increased FDI, incentivize companies to expand U.S. operations and establish industry-focused training programs. U.S. states, local governments, institutions of higher education and nonprofit organizations are eligible for awards. Applications are due May 31, 2013. More information is available at the challenge's website...