Making things – building things with our own hands and resources – that’s what has made America great. It’s part of who we are and part of who we must be as a country. But obstacles exist that make it difficult today to manufacture many products in the U.S.
So today we are launching the Walmart U.S. Manufacturing Innovation Fund. This $10 million fund will provide grants to research institutions innovating in the manufacturing space. It’s another way Walmart can support the expansion of U.S. manufacturing and U.S. job creation.
America is where the innovation is happening, and energy costs in the U.S. are lower than in many other places. Meanwhile, overseas, wages and labor costs have increased. Now it is necessary and more efficient to build things closer to the point of consumption – right here in the United States. If we want to grow manufacturing and help rebuild America’s middle class, we need our brightest minds to tackle problems facing the manufacturing industry and come up with solutions.
Walmart and the Walmart Foundation will fund the program and collaborate with the U.S. Conference of Mayors to identify and award leaders in manufacturing innovation. We want to support new processes, ideas, and jobs that support America’s growing manufacturing footprint.
The fund will provide grants to directly support applied research projects that advance innovative solutions to challenges that, once addressed, can lower the cost of making consumer products in the U.S.
If we work together, we can make it feasible to manufacture just about anything here again – and make sure America remains a land of opportunity.
Learn more about the Walmart U.S. Manufacturing Innovation Fund
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5:06pm August 28, 2014