The Indiana Economic Development Corp. (IEDC), in partnership with Conexus Indiana, has announced the second round of awards totaling approximately $3 million to 31 Indiana businesses in Manufacturing Readiness Grants, which Gov. Eric J. Holcomb first announced in May. The grants are part of the Economic Activity Stabilization and Enhancement (EASE) program, designed to stimulate manufacturing investments that will position Hoosier operations, and the sector overall, for future growth and prosperity.
“It’s truly incredible to see manufacturers across the state of Indiana rise to the unprecedented challenges of this year,” said Indiana Secretary of Commerce Jim Schellinger. “The response we continue to see from the Manufacturing Readiness Grant program is remarkable, and I’m am encouraged by the progress we’ve seen in getting these businesses back on track.”
The 31 manufacturers receiving grants represent 21 Indiana counties and cover a wide range of specialties, including automotive, aerospace and defense, agriculture, machinery and construction, consumer packaging products, and health care and medical. Together, these businesses plan to invest more than $19.3 million in technology and equipment to position their businesses for future growth by increasing capacity and modernizing operations. Four of the manufacturers – EARL Solutions, Helmer Scientific, Hightech Signs and Trinity Guardion accelerating operational investments in health care manufacturing technology to support critical COVID-19 response efforts.
Recipients included:
- American Quality Molds
- Arcamed
- Barber Manufacturing Co.
- Catalyst Product Development
- Decatur Mold, Tool and Engineering Inc.
- Decatur Plastic Products
- EARL Solutions
- Eckhart & Co.
- Entech
- Georg Utz
- Global Plastics
- Helmer Scientific
- Hightech Signs
- Huhtamaki
- Italpollina USA
- Jeco Plastic Products
- Jomar Machining & Fabricating
- Kimura Foundry America
- Kirby Risk Corp.
- Mid-West Metal Products Co.
- Myers Spring Company
- NASCO Industries
- Nutrition 101
- Perfecto Tool and Engineering Co.
- Premium Rock
- Recovery Force Health
- Semiconductor Test Supply
- Standard Integrated Solutions
- TBK America Corp.
- Trinity Guardion LLC <<Correct name spelling??>>
- Tri-Pac
The IEDC initially made $4 million available for Indiana Manufacturing Readiness Grants and has since been able to expand the awards for Hoosier manufacturers with support of CARES Act funding. The awards are issued in the form of matching grants up to or equal to the amount of the qualified investment in new equipment and machinery (minimum 1:1 investment match).