Browse by Editorial Category
Browse by Edition Date

July 2023

Skip Navigation Links.
Expand Applying TechnologyApplying Technology
Expand Automation Equip and SystemsAutomation Equip and Systems
Collapse Current NewsCurrent News
Direct Metal Printing Solution Streamlines Production
6K Additive and Cumberland Additive Announce Partnership
A to Z Machine Breaks Ground on New Production Facility
ABB Invests Nearly $100 Million in New Berlin WI Greenfield Campus
CO2 Snow Jet Cleaning for High-purity Applications
PLM-Integrated Advanced Visualization Solutions
Douglas Manufacturing Acquired by Rulmeca Group
ESAB Acquires Swift-Cut Automation
Forest City Gear Expands Cylindrical Gear Grinding Capacity
GF Machining Solutions Relocates Parts Warehouse
Composites Institute Receives $30M Funding Renewal from DOE
Indiana Manufacturing Readiness Grants Program
Enprotech Corp Rebrands to Industrious Group Inc.
LK Metrology Celebrates 60th Anniversary
Motion Ai Opens New Facility in Massachusetts
ONeal Manufacturing Services Installs Largest Press Brake in U.S.
Purdue imec Announce Partnership
Custom Metal Fabrication Supports Customer Growth
Schmalz Inc. Expands Raleigh NC Headquarters
Siemens Expands Additive Manufacturing Initiatives
Solar Atmospheres Obtains Boeing Approval for Vacuum Oil Quenching
Star Cutter Awarded Going PRO Funds for Employee Training
Sunnen Named Official Honing Equipment Partner of Hendrick Motorsports
TCI Precision Metals Expands Duplex Milling Capacity
Morton Industries Purchases First Blast Room
Universal Robots Partners with Denali
Weiler Abrasives Introduces Key User Program
Expand EDM Machinery-ConsumablesEDM Machinery-Consumables
Expand Micro MfgMicro Mfg
Expand People In The NewsPeople In The News
Expand Plant Safety-Worker Protection-ErgonomicsPlant Safety-Worker Protection-Ergonomics

show all editions →

Click here to watch Tutorial Videos >

Indiana Manufacturing Readiness Grants Program

A lot of manufacturers can only dream of projects that add $2.5 million in revenue and nearly $200,000 in wages. For Indiana manufacturers participating in a program that helps them purchase smart manufacturing technologies, those dreams have come true.

Recognizing that manufacturers need to modernize if the state is going to continue to be a manufacturing powerhouse, Indiana, which is national leader in terms of per capita manufacturing jobs, is providing matching grants to encourage employers to adopt digital technologies, such as cobots, next-gen CNC machines, advanced robotics and machine vision.

Launched in the midst of the pandemic, Indiana's Manufacturing Readiness Grants (MRG) program was quickly embraced by industry. By the end of 2022, the Manufacturing Readiness Grants program had made a total of 384 awards totaling $39 million, prompting proposed projects with combined budgets of $484 million.

Few states come close to matching the scope and volume of our grant program, and there is far more to its success than just giving out free money. We have analyzed and documented technology investments trends at more than 165 companies in our 2022 Impact Report. No U.S. state has such profound and precise insights on how small- to mid-sized companies are navigating the fourth industrial revolution.

And there is quantitative data that show not just tech trends, but the effectiveness of the matching grants program on company competitiveness. Data collected from 75 companies that implemented digital technologies showed that technology adoption projects are adding jobs and increasing wages, not eliminating them, and are contributing to revenue growth.

Conexus Indiana, which administers the program, enlisted a top research institution, Purdue University Dauch Center for the Management of Manufacturing Enterprises, to measure and visualize the results. Among the highlights of its finding:

  • Firms receiving MRG funds since 2020 have projected an average of: $2.5 million in revenue growth related to the investment; $196,000 in wage growth; and five new positions.
  • 36% of the participating firms anticipate a 10% revenue boost as a result of the project
  • Many of the firms said without the grant program, they might not have pursued the tech upgrades at all.

Authored by Conexus Indiana

For more information contact:

Conexus Indiana

1210 Waterway Blvd., Ste. 5000

Indianapolis, IN 46202


< back