Featured Image

NIST Awards $50 Million in Funding to Help Manufacturers Respond to the Pandemic

GAITHERSBURG, Md. — The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has awarded a total of $50 million in emergency funding to support U.S. manufacturers in their response to the COVID-19 pandemic.
Jul 08, 2020

GAITHERSBURG, Md. — The U.S. Department of Commerce’s National Institute of Standards and Technology (NIST) has awarded a total of $50 million in emergency funding to support U.S. manufacturers in their response to the COVID-19 pandemic. The funding will allow the NIST Manufacturing Extension Partnership (MEP) centers in all 50 states and Puerto Rico to offer services that help manufacturers increase production of products that support the response to the pandemic, such as personal protective equipment (PPE), and to reach new suppliers or markets, recover from workforce and supply chain interruptions, and achieve greater resilience.

“This administration is proud to support manufacturers across the nation as they face this unprecedented health and economic situation,” said Secretary of Commerce Wilbur Ross. “The funding provided through MEP will also help to reinvigorate the economy and, in particular, improve the competitiveness of our small and medium-sized manufacturers and those in rural locations.”

The funding represents a one-time allocation from the Coronavirus Aid, Relief, and Economic Security (CARES) Act signed by President Donald Trump on March 27, 2020. Under the act, MEP centers may accept this funding without the private contribution match normally required by the MEP program. The centers may use these awards for new initiatives to help manufacturers increase production of PPE or establish new supplier relationships, or more broadly to support a national manufacturing recovery from the crisis.

“I am exceptionally proud of America’s Manufacturing Extension Partnership, and deeply grateful to the NIST team for getting this funding allocated in record time,” said Under Secretary of Commerce for Standards and Technology and NIST Director Walter G. Copan. “MEP continues to deliver for U.S. manufacturing, strengthening the resilience of our economy and supply chains.”

The funding awards to the 51 MEP centers range from $91,000 to $6.1 million and have performance periods ending on or before September 30, 2021. Due to the critical need for this funding, all awards were made within 90 days of the passage of the CARES Act.

The MEP program was created in 1988 by the Omnibus Trade and Competitiveness Act to improve the competitiveness of U.S.-based manufacturing by making manufacturing technologies, processes and services more accessible to small and medium-sized manufacturers. The MEP centers provide expertise to help manufacturers reduce costs, create new products, develop the next-generation workforce, find new markets and achieve business success. In 2019, MEP centers interacted with 28,213 manufacturers, leading to $15.7 billion in sales, $1.5 billion in cost savings, $4.5 billion in new client investments, and assistance with the creation or retention of 114,650 jobs.

NIST, a nonregulatory agency of the U.S. Department of Commerce, promotes U.S. innovation and industrial competitiveness by advancing measurement science, standards and technology in ways that enhance economic security and improve our quality of life. To learn more about NIST, visit  NIST.gov.

THIS ARTICLE WAS ORIGINALLY PUBLISHED BY NIST ON JULY 8, 2020.

Recent advocacy News
After months of tense negotiations, Congress approved a bipartisan coronavirus stimulus package before it adjourned for the year, and President Donald Trump pledged to sign it. The measure combines $900 billion in emergency relief with a $1.4 trillion...
So you’ve hit the Reset button. Now what? Gisbert Ledvon, Director of Business Development - Machine Tool at Heidenhain Corporation, advises companies to use this time to OPTIMIZE their organization:
With negotiations on the next COVID-19 package stalled and some benefits expiring, President Donald Trump issued four executive actions to provide some relief until an agreement is reached. They include payroll tax deferral, student loan debt relief...
Senate Majority Leader Mitch McConnell, R-Ky., released the HEALS Act (Health; Economic Assistance and Liability Protection; and Schools) last week, the Senate Republican leadership’s coronavirus relief proposal. The House Democrats introduced their...
Has your manufacturing business been impacted by COVID-19? Gain insight on how 5 manufacturing executives are navigating the effects. Karen Norheim: We have seen changes in demand; Definitely a slowdown and a pause compared to last year...
Similar News
undefined
Advocacy
By Gisbert Ledvon | Nov 04, 2020

So you’ve hit the Reset button. Now what? Gisbert Ledvon, Director of Business Development - Machine Tool at Heidenhain Corporation, advises companies to use this time to OPTIMIZE their organization:

6 min
undefined
Advocacy
By External Contributor | Oct 05, 2020

More than 90% of companies expect the disruption of global supply chains caused by the pandemic will have long-lasting effects on their businesses. This is according to a new study conducted by Interos, a multi-factor, multi-tier, third party risk...

4 min
undefined
Intelligence
By External Contributor | Oct 01, 2020

The U.S. manufacturing sector held on to slow, steady growth for a fourth month running in September according to the latest report from the Institute for Supply Management. Comments from surveyed manufacturing executives were mostly positive as the...

2 min