Today, U.S. Secretary of Commerce Penny Pritzker delivered opening remarks at the White House Mayor’s Manufacturing Community Summit and announced the launch of Phase 2 of the ‘Investing in Manufacturing Communities Partnership’ (IMCP). An administration-wide initiative led by the White House and the U.S. Department of Commerce, the ‘Investing in Manufacturing Communities Partnership’ will encourage communities to devise comprehensive economic development strategies that strengthen their competitive edge in attracting global manufacturers and their supply chains.

“Our goal with IMCP is to incentivize smart, comprehensive, and integrated economic-development planning across the country. We want to do nothing less than reinvent how economic development is done in manufacturing and in other areas,” said U.S. Secretary of Commerce Penny Pritzker. “Research has shown that communities can create a virtuous cycle for the growth of technologies and supply chains by building strong, interconnected relationships in workforce and training efforts, supplier networks, research and innovation, infrastructure and site development, export promotion and international investment, and access to capital. We want to incentivize communities to create the very best strategies for designing and making investments across these six areas.”

Learn more with this fact sheet on Phase 2 of the IMCP.