SBA Launches Prize Competition to Fortify U.S. Supply Chains and Manufacturing
· Texas Border Business
The U.S. Small Business Administration (SBA) has launched its inaugural Critical Suppliers Prize Competition, aimed at enhancing U.S. manufacturing and supply chains. Up to $20 million in non-dilutive capital will be awarded, with a maximum of $6 million for six winning small businesses that can demonstrate effective solutions for scaling domestic production. Contestants must meet specific criteria, including being U.S.-based small businesses and showing profitability. The competition encourages innovation in sectors like advanced materials and energy systems, with proposals due by August 21. More details are available on the SBA website.
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