The Indiana Economic Development Corp. and Conexus Indiana have announced 34 Hoosier companies have received grants totaling more $2.8 million in the fourth round of Manufacturing Readiness Grants program. The program was launched in 2020 to stimulate private sector investments to modernize Indiana’s manufacturing sector.
The initiative requires grants be matched by the applicant on a minimum 1:1 basis. The IEDC says the funding will support a projected $17.4 million in technology-based capital investment in Indiana.
“Through the Manufacturing Readiness Grants program, these forward-thinking companies are modernizing their operations to set themselves up for a successful future, creating high-skill, high-wage jobs for Hoosiers in all parts of the state and propelling the long-term growth of Indiana’s strong manufacturing sector,” said Governor Eric Holcomb.
The IEDC says the 34 recipients in this round include companies from 22 Indiana counties and cover a wide range of specialties, including aerospace and defense, automotive, custom electronics and medical devices.
“We continue to be impressed with the applications that demonstrate more and more Indiana manufacturers are embracing and implementing smart technologies to succeed in an increasingly tech-focused environment,” said Mitch Landess, vice president of innovation and digital transformation at Conexus Indiana.
Below is the list of recipients:
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