Navya plans to hire 50 workers and make 25 driverless shuttles at the plant before the end of this year.
Money is part of $10.1 billion in planned spending over the next 11 years on trade and transportation corridor projects.
Fund allocates money over five years to support R&D, the scale-up of high-potential companies and efforts to attract investment.
Home appliance production at a former Caterpillar plant is expected to start early next year.
Huntsville, Ala. facility will employ 350 workers.
Planned display panel factory could generate as many as 50,000 jobs.
Goal is to develop AI capabilities for traditional industries such as manufacturing and financial services.
If revenues fall short, federal investments through the bank would act as a revenue floor to help make a project commercially viable.
Liberals see the bank as a way to use public dollars to leverage private funding for expensive infrastructure projects.
PM is the first sitting head of government or state to be invited to address the annual gathering of CEOs.
Part of the problem is federal regulations preventing investment in companies not yet profitable.
Conference Board suggests positioning the country as a global trade and investment hub.
Had nothing to do with the $1.3 billion investment in Kentucky that Toyota announced.
Spending $200 million on a data centre to store information collected from advanced vehicles.
President has vowed to create jobs by deterring companies from outsourcing employment needs.