Bringing Skilled Labor Back

[TC Talks]

A $100 million dollar program has been announced to get automotive suppliers updated in the US. This is a step to bringing manufacturing back to the US.

At least at Ford and GM, the EV bottle neck is at the 2nd tier supplier level. I was told this weekend from a GM guy that the supply chain is not capable of even bidding on new production projects. Hopefully this is a start to avoid looking to Asia for components.

Retooling the Supply Chain
The largest chunk of funding – $50 million through the Department of Energy – will seed federal-state partnerships helping smaller auto parts manufacturers retool their factories to produce components for EVs and modern battery systems.

An additional $50 million is earmarked for grants of up to $300,000 to implement critical energy efficiency, cybersecurity and modernization upgrades identified through federal industrial assessments.

“We’re bringing 21st century tools and resources directly to the suppliers and communities that have anchored this industry for generations,” said Energy Secretary Jennifer Granholm. “By partnering across the public and private sectors, we can ensure this manufacturing future remains a source of prosperity.”



Financing the EV Transition
However, revamping auto supply lines requires significant upfront capital – a barrier the administration is aiming to clear through new lending options and investment incentives channeled through the Small Business Administration.

The SBA will leverage its Small Business Investment Company program to catalyze millions in private funding targeted at helping suppliers modernize and diversify into the booming EV sector. It is also establishing a Working Capital Pilot Program to provide credit lines and counseling so suppliers can meet new demand.

“We’re catalyzing the capital flows and business guidance this backbone of businesses needs to grow and transform for the clean transportation future,” an SBA official stated.

[Round Six]

I like that you will preface a quote or link with an introductory paragraph or two.

So many times you see nothing but a link posted. And as you read the link, begin to realize the poster didn't understand it. Or the body of the story doesn't line up with the titillating title they gave it. Just a lazy right-click-copy right-click-paste.

Comprehension By Self Proctology.

[Bail Bonds]

There will be a really long lead time between now and when that level of capacity is necessary. Let the market handle this. The government is going to foul this up and waste more of my money.

[TC Talks]

There will be a really long lead time between now and when that level of capacity is necessary. Let the market handle this. The government is going to foul this up and waste more of my money.

Is industry responsible for training workers?

The SBA essentially supports loans when the banking industry won't (like now). The SBA actually makes interest so it is not a hand out by any means.

All this is cheaper than property tax abatement plans.

And I assure you, industry will simply buy from Asia if US suppliers can't deliver, in case you missed the past 30 years.

[Bail Bonds]

There will be a really long lead time between now and when that level of capacity is necessary. Let the market handle this. The government is going to foul this up and waste more of my money.

Is industry responsible for training workers?

This response doesn't comport my post or with the content in your OP.

[TC Talks]

There will be a really long lead time between now and when that level of capacity is necessary. Let the market handle this. The government is going to foul this up and waste more of my money.

Is industry responsible for training workers?

This response doesn't comport my post or with the content in your OP.

Ah, the full story discusses job training programs too.

[Bail Bonds]

There will be a really long lead time between now and when that level of capacity is necessary. Let the market handle this. The government is going to foul this up and waste more of my money.

Is industry responsible for training workers?

This response doesn't comport my post or with the content in your OP.

Ah, the full story discusses job training programs too.

I'm sorry but how would I know this if there is no link to the story to begin with? I am not trying to be rude here, but I was relying on the evidence in the OP to offer my thoughts.

[TC Talks]

Here is the entire presser...

https://www.sba.gov/article/2024/04/29/ ... ortunities