Walmart Announces $10 Million Fund to Spur Innovation and Support U.S. Manufacturing

January 23, 2014 | Category:

Kent Bicycles to produce 500,000 bikes annually after bringing production back to America

Washington, D.C. Jan. 23, 2014 – Today, Walmart U.S. President and CEO Bill Simon joined 280 of the nation’s mayors in Washington, D.C., at the U.S. Conference of Mayors Meeting to announce a new fund for innovation in American manufacturing and a new supplier commitment to bring production of bikes and jobs to South Carolina.

The $10 million fund for innovation:
Walmart and the Walmart Foundation will fund the five-year program and work in collaboration with the U.S. Conference of Mayors to launch it in March. The fund will provide grants to innovators in the manufacturing sector and seeks to create new processes, ideas, and jobs that support America’s growing manufacturing footprint.

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