INDIANAPOLIS – Twenty Hoosier businesses have been awarded Manufacturing Readiness Grants from the Indiana Economic Development Corp. and Conexus Indiana. The nearly $2 million in funding comes from the Economic Activity Stabilization and Enhancement program designed to spur investments in manufacturing.
“The response we received from Indiana businesses to the Manufacturing Readiness Grant program was incredible, as manufacturers across the state have been enduring the pandemic and are moving forward with positive momentum despite shared challenges,” said Indiana Secretary of Commerce Jim Schellinger. “We couldn’t be more grateful to these companies for contributing to Indiana’s bright economic future.”
The grant recipients include:
- A&T Concrete Supply Inc. – Gibson County; $2,000 to invest in a new, software-based production platform to increase workflow efficiency for its entire workforce.
- Advanced Cabinet Systems – Grant County; $83,000 for equipment to modernize production.
- Arroyo Industries LLC dba Direct Path Alliance – Marion County; $11,000 for 3D printing in order to streamline tooling and fixture development while reducing lead times.
- Bed Techs Inc. – Dearborn County; $150,000 to develop an innovative antimicrobial copper coating that can be applied to surfaces for the health care industry and kills 99.9% of bacteria within two hours, while continuing to kill 99% of bacteria even after repeated contamination.
- Beverly Industrial Service Inc. – Ripley County; $10,000 to update equipment to manufacture knives, spacers and tooling for the slitting industry, including aerospace, medical, textile and automotive.
- C&R Advanced Cooling Technology – Marion County; $162,500 to expand into new markets including aerospace, defense and autonomous vehicles.
- Custom Cut Decor LLC – Elkhart County; $37,500 to upgrade its production management software in order to streamline customer orders.
- D.A.S. Services Inc. – Steuben County; $36,242 for new software to transform their in-plant and mobile business.
- Indiana Face Mask – Jasper County; $161,769 for mask production machinery.
- Indiana Furniture Industries Inc. – Dubois County; $90,879 for technology that will enable them to increase speed, reduce waste, enhance design capabilities and expand product offering within their seating operation.
- Metro Plastics Technologies Inc. – Hamilton County; $125,000 for new, high-tech equipment to increase production speed.
- Mursix Corporation – Delaware County; $116,837 for manufacturing face shields and components for respiratory-assist devices in response to the COVID-19 pandemic.
- OMR Automotive – Marion County; $250,000 to invest and hire as it scales up to handle additional contact awards to double capacity and employment in the next 12 months.
- Overton and Sons Tool & Die Company – Morgan County; $32,500 to invest in measurement technology to significantly improve production efficiencies.
- PBTT – Warrick County; $189,180 to invest in advanced machining with COBOT automation to increase their capacity while hiring additional employees to manage these advancements in high-tech processing.
- Pike Lumber Company – Fulton County; $95,320 for machining technology in order to upgrade one of its Indiana sawmills located in Akron.
- Sugar Creek Bottling Company – Marion County; $109,144 for new machinery to bottle large-sized containers of hand sanitizer.
- Tube Forming Systems – Johnson County; $93,250 for additive manufacturing to shorten development cycle times.
- Universal Blower Pac Inc. – Hamilton County; $25,000 for high-tech equipment to improve production capabilities.
- Wolf Corporation – Allen County; $155,980 for new machinery after retooling operations to produce hospital gowns for frontline health care workers during the COVID-19 pandemic.
The IEDC says the program has $4 million available in matching grants up to or equal to the amount of qualified investment in new equipment and machinery.
More applications are under review, even though Conexus says the allocated program funding would be exceeded if any more are accepted, the peer review panel will continue to make recommendations to the IEDC.
More information is available here.
Thursday, August 20th 2020, 10:06 AM EDT
Updated: Thursday, August 20th 2020, 1:19 PM EDT
By Reed Parker, Writer/Reporter
Source: https://www.insideindianabusiness.com/story/42522086/indiana-businesses-receive-manufacturing-grants
