This EDA investment supports the coalition, led by magnet: manufacturing advocacy and growth network, with their proposal to grow an equitable smart manufacturing and advanced materials cluster in…

This $500,000 Project Grant from the Department of Commerce Economic Development Administration supports the Coalition led by Magnet: Manufacturing Advocacy and Growth Network in their proposal to grow an equitable smart manufacturing and advanced materials cluster in Northeast Ohio. The Coalition will execute component projects that expand applications of cluster technologies into specialized market segments and fortify and improve the region's supply chain through entrepreneurship and capitalization, infrastructure, and workforce development pillars. The grant is part of the Economic Adjustment Assistance program, which provides technical, planning, and public works assistance to regions experiencing adverse economic changes. The award was issued on December 15, 2021 with a completion date of December 14, 2023.

This EDA investment supports the coalition, led by magnet: manufacturing advocacy and growth network, with their proposal to grow an equitable smart manufacturing and advanced materials cluster in northeast ohio. The cluster encompasses an estimated 700 firms, 45,000 workers, and $12 billion gross regional product (GRP). The coalition's proposed projects aim to bring innovation to the region, especially around smart and advanced technologies, while encouraging innovation and workforce development. If provided an implementation grant, the coalition proposes to execute component projects that expand the applications of cluster technologies into specialized market segments and fortify and improve the region's supply chain through entrepreneurship and capitalization, infrastructure, and workforce pillars.