MEMA, The Vehicle Suppliers Association, Applauds Biden Administration Initiative to Support Small- to Medium-Sized Vehicle Suppliers

DETROIT, MICH. – MEMA, The Vehicle Suppliers Association (MEMA), applauds today’s announcement by Vice President Harris and the Biden-Harris Administration in their support of small- and medium-sized auto parts manufacturers and autoworkers. Through the announcement of more than $100 million in funding and a suite of strategic actions, the Administration demonstrates its commitment to strengthening the domestic auto industry and ensuring its competitiveness in the clean vehicle future.

MEMA has been actively collaborating with the White House to develop initiatives that support vehicle suppliers including providing essential data requested by the White House, enabling policymakers to understand the impact of the supplier industry, specifically small- and medium- sized businesses, and formulate effective strategies to support its growth and resilience.

Key highlights of the Vice President’s announcement include:

1. More than $100 Million in Funding: The Administration has allocated over $100 million in funding aimed at assisting small- and medium-sized vehicle parts manufacturers in expanding or retooling their manufacturing facilities and addressing infrastructure needs such as energy efficiency and cybersecurity. This substantial investment underscores the Administration’s recognition of the pivotal role played by these manufacturers in driving innovation and competitiveness within the automotive sector.

2. Workforce Training and Job Quality Enhancement: A significant component of the announcement focuses on expanding workforce training and improving job quality within the electric vehicle (EV) supply chain, with a particular emphasis on auto communities in the Midwest. By prioritizing workforce development initiatives, the Administration aims to equip American workers with the skills necessary to excel in the rapidly evolving vehicle landscape.

3. New Technical Assistance Programs: The Administration has introduced innovative technical assistance programs designed to support small and medium-sized auto parts manufacturers and their communities in capitalizing on the growth opportunities presented by the EV sector and other emerging markets. These programs will provide valuable resources and guidance to facilitate the transition towards sustainable and competitive manufacturing practices.

"This significant investment and comprehensive set of actions announced by Vice President Harris will undoubtedly have a meaningful impact for the sector," Bill Long, President and CEO of MEMA, commented. "This is a clear step in the right direction for our members, empowering them to thrive in the evolving vehicle ecosystem."

MEMA recognizes the significance of these initiatives in fostering innovation, sustainability, and job growth within the vehicle supply chain. By leveraging federal resources and fostering collaboration between stakeholders, the Administration’s actions will empower American manufacturers to thrive in the evolving vehicle ecosystem.

For further details, please refer to the White House press release available here.

About MEMA. The Vehicle Suppliers Association

MEMA, The Vehicle Suppliers Association, is the leading trade association in North America for vehicle suppliers, parts manufacturers, and remanufacturers. It has been the voice of the vehicle supplier industry since 1904. Its more than 1,000 members are Strong by Association.

Companies join MEMA via two membership groups: MEMA Aftermarket Suppliers and MEMA Original Equipment Suppliers. Automotive and commercial vehicle suppliers are the largest manufacturing sector in the United States and lead the way in new vehicle innovations.

Members conceive, design, and manufacture the OE systems and technologies that make up two-thirds of the value of every vehicle and supply the aftermarket with the parts that keep millions of vehicles on the road, fueling international commerce and meeting society’s transportation needs. MEMA members are committed to safety and sustainability.

MEMA has offices in Southfield, Mich.; Research Triangle Park, N.C.; and Washington, D.C. Learn more at MEMA.org.