INDIANA – The Indiana Economic Development Corporation (IEDC), in partnership with Conexus Indiana, announced the sixth round of awards totaling nearly $4 million in Manufacturing Readiness Grants to 43 Indiana businesses, supporting a projected $46.1 million in technology-enabled capital investment across Indiana.

“Manufacturing is in Indiana’s DNA—we build things,” said Governor Eric J. Holcomb. “The demand for the Manufacturing Readiness Grants program has proven time and time again to us that these investments help Hoosiers build things better.”

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:

“The Manufacturing Readiness Grants program is clearly a powerful tool in our work to ensure that Indiana companies, at all levels of the globally competitive supply chain, adopt the new technologies important for the future of Indiana’s manufacturing economy,” said Mitch Landess, vice president of innovation and digital transformation at Conexus Indiana. “Conexus Indiana’s vision is to affirm Indiana as the center of innovation and digital transformation, and it’s clear we are squarely on the path of achieving that distinction.”

To apply for a Manufacturing Readiness Grant, Indiana companies are encouraged to review eligibility requirements and submit applications online.

About Conexus Indiana For more than a decade, Conexus Indiana, one of the Central Indiana Corporate Partnership (CICP) 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, and prepare Hoosiers to succeed in the state’s largest industry sectors and maintain Indiana’s competitive advantage. For more information, visit conexusindiana.com.

About IEDC The Indiana Economic Development Corporation (IEDC) is charged with growing the State economy, driving economic development, and 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 Governor 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.

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