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INDIANAPOLIS — The Indiana Economic Development Corp. announced nearly $4 million in Manufacturing Readiness Grants to 43 Indiana businesses, supporting a projected $46.1 million in technology-enabled capital investment across Indiana.
Launched in 2020, the Manufacturing Readiness Grants program was created to stimulate private sector investments to modernize Indiana’s manufacturing industry. Since then, $17.4 million in grant funding has been awarded to 212 companies in 60 counties, prompting proposed projects with combined budgets of $138.9 million and $22 million in estimated new wages.
“Technologies play a critical role in Hoosier manufacturing and are key as we continue to build a tech-savvy economy of the future,” said Indiana Secretary of Commerce Brad Chambers. “Through the Manufacturing Readiness Grants program, we’ll ensure new equipment secures Indiana’s competitive advantage globally, encouraging further capital investment and positioning us to become an even more dominant player in the advanced manufacturing age.”
In recently published case studies, Conexus Indiana provides an in-depth look into various completed projects, highlighting business impact and outcomes. These, along with data analysis from applications and surveys, find:
To apply for a Manufacturing Readiness Grant, Indiana companies are encouraged to review eligibility requirements and submit applications online.
For more than a decade, Conexus Indiana, one of the Central Indiana Corporate Partnership non-profit initiatives, has been positioning the Hoosier State as the best place for advanced manufacturing and logistics industries to invest, employ and succeed. By collaborating with industry, academic and public sector partners on a shared vision for an innovative, skilled workforce and stronger business climate, Conexus Indiana has helped to create opportunities for advanced manufacturing and logistics companies, prepare Hoosiers to succeed in the state’s largest industry sectors and maintain Indiana’s competitive advantage. For more information, visit conexusindiana.com.
The Indiana Economic Development Corp. is charged with growing the state economy, driving economic development, helping businesses launch, grow and locate in the state. Led by Secretary of Commerce Brad Chambers, @SecChambersIN, and governed by a 15-member board chaired by Gov. Eric J. Holcomb, @GovHolcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance and talent attraction and retention efforts. For more information about the IEDC, visit iedc.in.gov.