Indiana-The Indiana Economic Development Corporation (IEDC) has partnered with Conexus Indiana to announce the provision of more than $3.6 million in manufacturing preparation grants to 44 Indiana companies to support Indiana's estimated $23 million in technology capital investment.

"Historically, manufacturing has been the cornerstone of Indiana's economy, and Indiana manufacturers continue to invest in smart technologies to prepare for the future," said Governor Eric J. Holcomb. "By supporting the advancement of manufacturing through the Manufacturing Preparation Grant Program, Indiana is accelerating our state's digital transformation, preparing for the future economy, and creating more opportunities across the state."

The Manufacturing Preparation Grant program was launched in 2020 to stimulate private sector investment to modernize Indiana's manufacturing industry. Based on the success of this plan, the Indiana State Assembly allocated $20 million to the state budget for the two-year period ending June 30, 2023 to help Indiana's business prepare for future growth and prosperity. The new funds were in place on July 1, 2021, and 169 awards have been received so far. A total of more than $13.4 million in grants have been provided to Indian companies in 54 counties to support an estimated nearly $93 million in technology-based capital investment.

The 44 grant recipients in this round include companies from 24 counties in Indiana, covering a variety of professions, including entertainment and decoration, industrial applications, injection molding, and medical equipment.

"As Indiana continues to move towards Industry 4.0 technology, we see companies implementing collaborative robots, machine vision, advanced sensor technology and automation to improve quality, flexibility and agility, adopting unattended manufacturing and launching digital technologies. Plant Initiative . There are indeed some impressive digital investments," said Mitch Landess, vice president of innovation and digital transformation at Conexus Indiana. "At the same time, we are collecting large amounts of data on these technologies and their positive impact on labor and business growth and posting them on the Conexus Indiana website as part of a detailed study to measure the effectiveness of the program." 

Indiana companies are encouraged to review eligibility requirements and submit applications online.

The grant must be matched by the applicant at a ratio of at least 1:1. Grants go through a rigorous peer review and recommendation process by a committee of manufacturing professionals representing industries, academia, and private equity across the state.

About Conexus Indiana For more than a decade, Conexus Indiana, as one of the Central Indiana Corporate Partnership (CICP) non-profit programs, has been positioning Indiana as the best place to invest, hire, and succeed in the advanced manufacturing and logistics industries. Conexus Indiana collaborates with industrial, academic, and public sector partners on a shared vision of innovation, a skilled workforce, and a stronger business environment, helping to create opportunities for advanced manufacturing and logistics companies to do well for the success of Indiana’s largest industrial sector Prepare and maintain Indiana's competitive advantage. For more information, please visit conexusindiana.com.

About IEDC Indiana Economic Development Corporation (IEDC) is responsible for developing the state's economy, promoting economic development, and helping companies establish, develop, and position in the state. Led by Secretary of Commerce Brad Chambers (@SecChambersIN) and governed by a 15-person board of directors led by Governor Eric J. Holcomb (@GovHolcomb), IEDC manages many initiatives, including performance-based tax credits Waiver, labor training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention jobs. For more information about IEDC, please visit iedc.in.gov.

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