Applications now are being accepted from Indiana manufacturers to be considered for a share of $4 million through the Manufacturing Readiness Grant Program.
The program, which is being administered by the Indiana Economic Development Corp. and Conexus Indiana, is part of the $10 million Economic Activity Stabilization and Enhancement program designed to encourage manufacturing investments.
Funds can be used for:
- Equipment modernization by integrating smart technologies and processes in order to improve capacity and efficiencies
- Investing in health care manufacturing technology to support critical COVID-19 response efforts
Funding will be awarded up to $200,000 per company, but matching grants may exceed that threshold for significant projects that will support COVID-19 response efforts, including the manufacturing of critical personal protective equipment, testing supplies or vaccines, the state said.
Applicants must be registered to do business in Indiana with the secretary of state’s office and have plans to purchase smart manufacturing or health care manufacturing technology and equipment that will be located and utilized in Indiana.
Applicants do not need to be headquartered in Indiana, but grants will be prioritized for companies that maintain their primary operations in Indiana, the state said. Applications will be evaluated based on the project’s overall expected impact on the company’s operations; its workforce, training and wage increases and new Hoosier jobs.
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