By  on September 25, 2012

WASHINGTON — The Obama administration unveiled a $40 million initiative on Tuesday aimed at helping communities develop plans to encourage companies to make more of their products in America.

The U.S. Commerce and Labor Departments will fund the “Make It in America Challenge,” which is expected to award grants to 15 projects that commit to encourage “insourcing,” either through companies moving more offshore production back to the U.S.; fostering increased foreign direct investment, or providing incentives to U.S. companies to keep and expand their businesses in the U.S. There also must be a focus on developing programs to train local workers to meet expanded business needs.

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