Walmart Announces the $10 million U.S. Manufacturing Innovation Fund
Friday, April 4, 2014
have to make things in America again. Making things is part
of who we are and part of who we must be -- and we can't
afford to wait a minute longer.
That's why Walmart U.S. President and CEO Bill Simon recently
joined 280 of the nation's mayors in Washington, D.C. to
announce a new $10 million fund for innovation in American
Be sure to read Simon's speech here.
Here's how it works: The five-year program, funded by Walmart and the
Walmart Foundation, will collaborate with the U.S. Conference
of Mayors to identify and award leaders in manufacturing
innovation and help us all work together to create
If we want to grow manufacturing and help rebuild
America's middle class, we need the brightest minds in our
universities, in our think tanks, and in our towns to tackle
obstacles to U.S. manufacturing. This new $10 million fund is
just one part of our commitment to that challenge.
Last August, during Walmart's U.S. Manufacturing Summit we pledged to buy an additional $50 billion in U.S. made products over the next 10 years.
We estimate that this pledge, in the 10th year, will result
in Walmart buying an additional $250 billion cumulatively over
the next 10 years. The Boston Consulting Group predicts that
this investment will create one million jobs.
million for innovative leaders. A $250 billion pledge to
American manufacturers. One million new jobs. That's the real
Walmart Corporate Affairs