Applications for Indiana’s Manufacturing Readiness Grant program, which was launched to stimulate private sector investments to modernize Indiana’s manufacturing sector, have re-opened to manufacturers across the state.
Administered by the Indiana Economic Development Corp. (IEDC) in partnership with Conexus Indiana, this program has been extended through June 2023 with matching grants available to help respond to the global COVID-19 pandemic and position Hoosier operations for future growth and prosperity.
“The response we received from Indiana businesses to the Manufacturing Readiness Grant program is proof Indiana companies want to modernize and set themselves up for a successful future,” said Gov. Eric J. Holcomb. “With one in five Hoosiers working in the advanced manufacturing industry, this funding can truly go a long way to promote future innovation and provide more quality career opportunities for Hoosiers across the state.”
First launched in 2020, the Manufacturing Readiness Grants program has awarded $6.7 million in grants to 87 Hoosier companies in 38 counties. The funding has supported technology-based capital investments that are projected to be more than $50 million. Based on the strong response to the program, the Indiana General Assembly appropriated $20 million in the two-year state budget that runs through June 30, 2023.
Indiana companies are encouraged to review eligibility requirements and submit applications online here.
