By: Jennifer Rocha

Announcement was made by Wal-Mart CEO Bill Simon during the US Conference of Mayors in DC this month.

The five-year, $10 million Wal-Mart innovation funding program will be coordinated with the US Conference of Mayors and officially launch in March 2014.  According to the release, the Wal-Mart Manufacturing Innovation Fund seeks to “create new processes, ideas and jobs that support America’s growing manufacturing footprint.”