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