State invests in future, modernization of Indiana manufacturing operations through next round of Readiness Grants
INDIANAPOLIS (June 20, 2022) – The Indiana Economic Development Corporation (IEDC), in partnership with Conexus Indiana, announced the sixth round of awards totaling nearly $4 million in Manufacturing Readiness Grants to 43 Indiana businesses, supporting a projected $46.1 million in technology-enabled capital investment across Indiana. “Manufacturing is in Indiana’s DNA—we build things,” said Governor Eric J. Holcomb. “The demand for the Manufacturing Readiness Grants program has proven time and time again to us that these investments help Hoosiers build things better.” Launched in 2020, the Manufacturing Readiness Grants program was created to stimulate private sector investments to modernize Indiana’s manufacturing industry. Since then, $17.4 million in grant funding has been awarded to 212 companies in 60 counties, prompting proposed projects with combined budgets of $138.9 million and $22 million in estimated new wages. "Technologies play a critical role in Hoosier [...]
