87 Hoosier companies in 38 counties have already benefitted.
(Indianapolis) - The Manufacturing Readiness Grant program has been extended.
The program was launched in 2020 to stimulate private sector investments to modernize Indiana’s manufacturing sector.
$6.7 million has been awarded to 87 Hoosier companies in 38 counties.
Several innovative technologies have already been integrated into dozens of small and medium sized manufacturers.
"The response we received from Indiana businesses to the Manufacturing Readiness Grant program is proof Indiana companies want to modernize and set themselves up for a successful future,” said Governor Eric J. Holcomb. "With one in five Hoosiers working in the advanced manufacturing industry, this funding can truly go a long way to promote future innovation and provide more quality career opportunities for Hoosiers across the state."
Applications have been re-opened to manufacturers across the state.
The Indiana Economic Development Corporation (IEDC) and Conexus Indiana encourages Indiana companies to review the eligibility requirements and apply: Manufacturing Readiness Grants - Conexus Indiana
The Indiana General assembly allotted $20 million in the two-year state budget that runs through June of 2023.