Summary
Changes an existing law to allow grants for projects that bring jobs back to the United States and help the manufacturing industry grow.
What problem does this solve?
Companies often move jobs to other countries, which can weaken the U.S. economy. This bill provides financial help to encourage businesses to bring those jobs back to America.
Who does this affect?
- U.S. businesses and manufacturers
- American workers
- State and local economic development agencies
What does this bill do?
Expands eligibility for public works grants
Makes projects that move jobs back to the U.S. or grow the manufacturing industry eligible for public works and economic development grants.
Reference
Text:
Section:
Sec. 2(b)
Header:
Grants for planning and grants for administrative expenses
Includes job relocation in economic planning
Allows federal grants to be used for planning activities related to moving jobs from other countries to the United States.
Reference
Text:
Section:
Sec. 2(c)
Header:
Grants for training, research, and technical assistance
Funds training for relocated jobs
Makes activities that help bring jobs back to the U.S. and grow manufacturing eligible for grants for training, research, and technical help.
Adds job relocation to economic adjustment grants
Allows economic adjustment grants to be used for projects that bring jobs back to the U.S. or help the manufacturing industry grow.
What is the real world impact?
•
Strengthens the domestic economy
Encourages companies to bring jobs back to the U.S., which can increase employment, boost local economies, and make the country less dependent on other nations for goods.
When does this start?
This bill would take effect as soon as it is signed into law.