The Department of Defense‘s Office of Strategic Capital has received $8.9 billion worth of requests for financing under an inaugural program that aims to bolster the domestic capability of the U.S. to manufacture technologies critical to economic and national security.
DOD said Tuesday that the program seeks to build up manufacturing across 31 technology categories using congressionally-appropriated funding.
Current Pool of Loan Applicants
The manufacturers comprising the current pool of applicants come from 38 states and are requesting financial support for various technology areas, including space, microelectronics and advanced materials.
The requested funds range from $10 million to $150 million. The total amount applied for exceeds the program’s current lending capacity of $984 million.
