U.S. Secretary of Commerce Penny Pritzker today announced that the Minnesota Medical Manufacturing Partnership received an important designation under the Obama Administration’s Investing in Manufacturing Communities Partnership (IMCP) initiative.
This U.S. Commerce Department-led program is designed to accelerate the resurgence of manufacturing in communities nationwide by supporting the development of long-term economic development strategies. As a designated manufacturing community, the Minnesota Medical Manufacturing Partnership will receive coordinated support for its strategies from 11 federal agencies with more than $1 billion in federal economic development assistance.
“The federal designation sets our state and region apart,” said Michael Langley, CEO of GREATER MSP (The Minneapolis Saint Paul Regional Economic Development Partnership.) “It confirms and will strengthen our global leadership in medical technology.”
Pritzker said an IMCP designation is an important signal to potential investors that a community is a good place to spend money, and this is smart government at work. “By breaking down silos and encouraging communities to take a more thoughtful, comprehensive approach to their strategic plans, we are ensuring that precious federal dollars are used on the most high impact projects and in a way that maximizes return on investment,” she said.
The Minnesota Medical Manufacturing Partnership was selected by an interagency panel, based on the strength of its economic development plan, the potential for impact in the community, and the depths of the partnership across the public and private sectors to carry out the plans.
“The medical technology sector is a tremendously important industry in Minnesota, accounting for more than 28,000 jobs,” said Commissioner Katie Clark Sieben of the Minnesota Department of Employment and Economic Development. “This designation will help us build on that success and ensure that Minnesota remains a leader in the industry.”
Minnesota leaders across sectors worked together and drafted a medical technology sector strategic plan that addresses: workforce and supply chain challenges; infrastructure; research and innovation; trade and investment; capital access; and operational improvement for manufacturing companies. For more information about the Minnesota Medical Manufacturing Partnership, please view this link.
Here are the partners behind the Minnesota Medical Manufacturing Partnership:
Nonprofit: East Central Regional Development Commission; Enterprise Minnesota; GREATER MSP; Minnesota High Tech Association; Southern Minnesota Initiative Foundation; Minnesota Medical Alley Association; Rochester Area Economic Development Inc.
Chamber of Commerce: Greater Mankato Growth.
Private Collaboration: Mayo Clinic; Greater St. Cloud Development Corporation.
Government Entity: Metropolitan Council; Minnesota Department of Employment & Economic Development; Minnesota Department of Transportation.
Higher Education Institution: Minnesota State Colleges & Universities; South Central College of Mankato; University of Minnesota, Office of Economic Development.
Nonprofit Government Agency: Saint Paul Port Authority.