American Manufacturing Renaissance Act

The American Manufacturing Renaissance Act establishes a nonprofit corporation within the Department of Commerce to develop a national manufacturing strategy that targets specific economic, environmental, and equity goals. The bill authorizes $4 billion per year for fiscal years 2026 through 2028 to fund this new entity, which is required to set objectives such as achieving net-zero greenhouse gas emissions in the manufacturing sector by 2030 and ensuring manufacturing represents 20 percent of gross domestic product by 2035. To implement these goals, the corporation will oversee 30 local Manufacturing Renaissance Councils that provide grants for workforce training, capital access, and ownership succession programs. These councils are designed to support small manufacturers, worker-owned businesses, and communities of color through targeted technical assistance and financial resources.