Governor of Iowa Announces $ 30 Million Addition in ARPA Funding Grants for Manufacturing Companies | New

0


[ad_1]

(The Center Square) – Two new programs are being launched to address the labor shortage in Iowa, Gov. Kim Reynolds said on Wednesday.

Small and medium-sized manufacturing companies can benefit from a new grant program that represents an investment of $ 30 million in federal funding through the American Rescue Plan Act. These dollars are spent on improving workforce innovation by recruiting and retaining employees and “leveraging technology solutions” to fill vacancies and increase workforce capacity. ‘work, said a press release from the governor’s office.

Five million dollars will be added to the existing Manufacturing 4.0 program for small manufacturers, employing up to 70 people. A second grant opportunity will provide $ 25 million in grants to mid-sized businesses (76-250 employees).

“Like most other states, the continuing labor shortage in Iowa is a critical situation that must be addressed today,” Reynolds said. “With our current economic vitality, we are ideally positioned to push our economy to new heights. We are committed to providing the necessary support to our advanced manufacturing industry and other affected industries, to overcome this main obstacle and transform this short-term trajectory into long-term, large-scale prosperity. “

Seasonally adjusted real GDP of non-durable and durable goods manufacturing increased 0.26 percentage points from the first to second quarters of 2021, according to a report by the United States Bureau of Economic Analysis published October 1. Agriculture, forestry, fishing and hunting saw the largest increase in percentage points (3.89) while retail trade saw the largest decrease (-0.97). In Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota, durable goods manufacturing increased 0.43 percentage points and non-durable goods manufacturing increased by 0.31 percentage point. Nationally, the manufacturing of durable and non-durable goods increased by 0.27 and 0.35 percentage points, respectively.

Iowa Workforce Development will launch a re-employment case management system that will provide one-on-one career coaching starting with the first week of unemployment benefits.

Reynolds presented the programs at a press conference at Iowa Spring Manufacturing in Adel.

[ad_2]

Share.

Leave A Reply