AmiSight 8/18: SBA Opens Up to $20M in Prizes for Small Manufacturers Closing Supply Chain Gaps

The SBA has announced a new opportunity worth paying attention to: up to $20 million in prize awards to help small businesses expand U.S. manufacturing capacity and address critical supply chain gaps.

The focus is on companies that are positioned to scale manufacturing capabilities, solve meaningful supply chain challenges, and produce measurable results.

Small businesses make up the vast majority of U.S. manufacturers, and initiatives like this create an opportunity for growing companies to play an even bigger role in strengthening domestic production and supply chains.

If you’re in manufacturing, life sciences, food production, materials, robotics, electronics, or another innovative sector — and you have the ability to scale — this may be worth exploring.

For the right company, programs like this can be another tool in the toolbox when thinking about how to fund and accelerate growth.

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