As a manufacturer the last thing in the world you probably read was the 218-page Fiscal Year 2015 Budget, released recently by the Obama administration. And given that Congress has its own ideas regarding the budget, you might have even less reason or interest.

But despite this, the budget does lay out a number of important proposals that, if enacted in all or in part, would have major implications for manufacturers in America.

On the positive side of the ledger is the call for a slate of programs designed to boost U.S. advanced manufacturing and industrial competitiveness—such as the proposal for $1 billion to create a National Network for Manufacturing Innovation (NNMI) comprised of 45 public-private-university led institutes that are poised to play a key role in revitalizing U.S. manufacturing.

Congress is now considering whether to adopt legislation to formally enact the NNMI program, and hearing from manufacturing constituents will be important in helping them understand why the initiative is needed to improve American manufacturing competitiveness.

The President’s budget also calls for $1.5 billion in funding for the National Nanotechnology Initiative (NNI), $5.1 billion for the Office of Science at the Department of Energy (DOE), and $3.8 billion for the Networking and Information Technology Research and Development (NITRD) program, which all play an important role in keeping the United States at the leading-edge of advanced research, much of it used by manufacturers.

It also calls for long-awaited, though relatively modest, funding increases for the Advanced Manufacturing Technology Consortia (AMTech), slated to receive an additional $15 million, and the Manufacturing Extension Partnership (MEP), slated to receive an additional $13 million. The MEP in particular has long “punched above its weight” in generating economic return from every federal dollar invested.

The budget further allocates $29 million for the National Science Foundation’s (NSF’s) contribution to the National Robotics Initiative and $22 million for NSF to contribute to the Materials Genome Initiative. In total, the $135.4 billion allocated for federal R&D activities in the President’s FY 2015 budget will support many programs generating significant return to the U.S. economy, its long-term innovation potential, and its manufacturers.