Indiana companies in the manufacturing industry now have more time to apply for grants.
The Manufacturing Readiness Grant program has been extended to June 2023 and makes $20 million available to Hoosier manufacturers.
The program was launched in 2020 to help manufacturing companies struggling during the pandemic.
It 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.
Grants must be matched by the applicant on a minimum 1:1 basis. Grants undergo a rigorous peer review and recommendation process by a statewide committee of manufacturing professionals representing industry, academia, private equity, and more.
To see a list of qualifications, and to apply, visit conexusindiana.com.
