Estimated reading time: 0 minutes, 51 seconds

Small Supply Chain Projects Receive Funding Boost Under Biden-Harris Administration

Small Supply Chain Projects Receive Funding Boost Under Biden-Harris Administration "Shane with a fan of American one hundred dollar bills."

In a move to strengthen the United States' technological infrastructure and competitiveness, the Biden-Harris administration has announced a new Notice of Funding Opportunity (NOFO) under the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Act. This NOFO targets smaller supply chain projects, aiming to bolster American manufacturing capabilities and reduce supply chain vulnerabilities. EverGlade Consulting, a company that connects public sector needs with private sector solutions, has commented that the NOFO will direct funding toward businesses specializing in semiconductor production and other related activities.

While the Biden-Harris administration's efforts to fund smaller supply chain projects is a step in the right direction, it is important to consider the long-term implications of this NOFO. It remains to be seen if this NOFO will be enough to make a significant impact on the US's technological infrastructure and competitiveness. Additionally, it is unclear if the funding will be sufficient to support the businesses that are receiving it. Ultimately, only time will tell how effective this NOFO will be in achieving its goals.



Read More

Read 372 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.