Walmart, Walmart Foundation and U.S. Conference of Mayors launch manufacturing innovation fund
ORLANDO, Fla. — Walmart, the Walmart Foundation and the United States Conference of Mayors have launched the $10 million Walmart U.S. Manufacturing Innovation Fund.
Eligible non-profit organizations can apply for grants of $100,000 or more, funded by the Walmart Foundation, to help create solutions to challenges many companies face with on-shoring and growing U.S. manufacturing.
The first year of the initiative will focus on innovation in textiles manufacturing and common manufacturing processes that apply to a broad range of consumer goods, including small motor manufacturing and tooling for injection molding. Anticipated participating organizations include research and academic institutions, think tanks and other non-profit entities focused on innovations in manufacturing.
“Through the Walmart U.S. Manufacturing Innovation Fund, we hope to help remove the barriers to revitalizing and growing U.S. manufacturing, creating jobs and building a stronger American economy,” stated Cindi Marsiglio, VP of U.S. sourcing and domestic manufacturing for Walmart. “This is part of Walmart and the Walmart Foundation’s broader commitment to foster new ideas and jobs to promote strong communities and grow America’s manufacturing footprint.”
The announcement is part of Walmart’s commitment to buy an additional $250 billion in products that support American manufacturing. The Boston Consulting Group estimates the initiative will add 1 million jobs in the United States.
Applications are due April 22. Selected proposals will receive grants ranging from $100,000 and above for award periods of at least one year, with the option of reapplying for continued funding. Each applicant will need sponsorship from the mayor of a USCM member city.