The funding is intended to help smaller suppliers transition to the EV supply chain.
Vice President Kamala Harris announced that President Biden’s administration is investing $100 million to support small auto suppliers in the U.S. The vice president made the announcement in Detroit, Michigan, as part of her Economic Opportunity Tour, citing the strides made by auto workers unions as inspiration for a returned focus on domestic manufacturing.
“For decades, trickle-down economics drove manufacturers overseas at the expense of good-paying manufacturing jobs that sustained the American middle class,” the White House stated. “Historic contracts secured by the United Auto Workers… ensure that these jobs of the future will provide comparable wages, retirement security, and respect at work.”
The $100 million will be distributed in two grants by the Department of Energy. The first grant will help small auto suppliers convert to electric vehicle (EV) parts away from combustion engine parts. The second grant will provide resources for small suppliers to expand their facilities.
As the Lord Leads, Pray with Us…
- For discernment for the vice president as she advocates for American manufacturing.
- For the the energy secretary and small business administration administrator as they collaborate on the manufacturing initiative.
Sources: Reuters, The White House
