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News Release
WASHINGTON – The U.S. Department of Labor and the U.S. Small Business Administration today signed a Memorandum of Understanding to support American manufacturing. The agreement, which will enhance collaboration and data-sharing across key programs, is designed to cultivate a pipeline of skilled workers to support domestic producers – 98 percent of whom are small businesses. The agreement aligns directly with President Trump’s ongoing efforts to restore American industry and jobs.
“Under President Trump’s leadership, this Administration is working tirelessly to restore America as the world’s manufacturing superpower – securing trillions in investments and bringing hundreds of thousands of jobs back home. I am thrilled to partner with Administrator Loeffler to usher in a new Golden Age of American manufacturing,” said Secretary of Labor Lori Chavez-DeRemer. “Through this agreement, the Department of Labor will collaborate with the Small Business Administration to help ensure America’s workforce is ready to seize these opportunities by expanding Registered Apprenticeships and other hands-on training programs that will benefit both small and large manufacturers.”
“Thanks to President Trump’s commitment to restoring American industrial dominance, this Administration is already bringing back jobs, economic independence, and national security,” said SBA Administrator Kelly Loeffler. “The vast majority of U.S. manufacturers are small businesses, and I’ve heard firsthand walking factory floors with business leaders that they are spring-loaded for growth with the America First agenda. I’m excited to work alongside Secretary Chavez-DeRemer to cultivate a pipeline of skilled workers and capital to support their growth in a powerful new era of Made in America.”
Under the agreement, the agencies will expand data-sharing and coordination on programs such as the department’s Registered Apprenticeship Program and the Veterans’ Employment and Training Service. The Small Business Administration will likewise offer cross-agency training on loan programs to support manufacturing, including the 7a and 504 loan programs. This collaboration will streamline interagency cooperation and awareness while maximizing resource delivery to domestic manufacturers and workers.
Read Memorandum of Understanding between the Department of Labor and Small Business Administration.
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