Washington D.C. - Congressman Dave Loebsack today announced that the Quad Cities Chamber of Commerce in Davenport and the Bi-State Regional Commission in Rock Island, Illinois, will receive $162,500 to develop plans for the creation of a regional advanced manufacturing innovation hub. The Investing in Manufacturing Communities Partnership (IMCP) award will help diversify the region's economy by focusing on the growth of the vital metal and multi-materials manufacturing cluster. The funds come from the Economic Development Administration's (EDA) Economic Adjustment Assistance program.
"I am pleased that the Quad Cities Chamber of Commerce and the Bi-State Regional Commission received this funding to continue their important work of developing and implementing a comprehensive manufacturing strategy for the region," said Loebsack. "We must focus on growing our economy and putting Iowans back to work. Investing in economic development planning and supporting public-private partnerships will both help strengthen the regional economy and promote job creation."
This competitive grant was designed to accelerate the resurgence of manufacturing and help cultivate an environment for businesses to create well-paying manufacturing jobs in regions across the country. Each FY 2013 IMCP investment supports the development of strategic plans to build public-private partnerships that result in targeted investments in workforce training, infrastructure, research, and other key assets.
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