And Indiana Furniture Industries ensemble. The company Jasper, Ind., Is seeking to invest in new high-tech equipment through a grant.
The state of Indiana has allocated $ 4 million to 43 companies as part of an effort to drive technology-enabled capital investments.
The Indiana Economic Development Corporation announced the 6th round of awards in June to a number of companies from cows to candles, including several companies in the wood and wood related industries.
“Manufacturing is in Indiana’s DNA – we build things,” said Gov. Eric J. Holcomb. “The demand for the Manufacturing Readiness Grants program has proven time and time again to us that these investments are helping Hoosiers build things better.”
Indiana Furniture Industries Inc. received a grant of $ 109,121 to invest in autonomous mobile robots (AMRs) for material handling.
Miller’s Wood Specialties Inc. manufactures and recycles wooden packaging products, including pallets, boxes and custom-made boxes. The company received a $ 155,000 grant that will be used on an automated machine vision system that can identify recycled lumber, cut the lumber to the optimal length and sort the material into containers of similar size.
Cutting tool maker Peak Toolworks received a $ 60,763 grant that it will use for automated equipment for its tool making processes and robotic technology for automatically loading thousands of tools.
The most widely used technologies include robotics, cobots, 3D printing, and next-generation machines with sensor-enabled features such as data analysis, machine learning, and artificial intelligence.
According to a statement from EDC, 68% of companies report that Manufacturing Readiness Grants have activated or expanded the scope of technology projects, and a further 26% say that the grant has accelerated project timelines.
Launched in 2020, the Manufacturing Readiness Grants program was created to stimulate private sector investment to modernize Indiana’s manufacturing industry. Since then, $ 17.4 million in grant funding has been allocated to 212 companies in 60 counties, giving rise to proposed projects with a total budget of $ 138.9 million and $ 22 million in estimated new salaries.
These prices support modernization in companies that employ an average of 165 employees with long histories of participation in Indiana’s production economy (average of 37 years in operation)
To apply for a manufacturing contingency grant, companies in Indiana can review the eligibility requirements and submit applications online.
Larry Adams is a Chicago-based writer and editor who writes about how things get done. Larry is a former telecommunications service and local newspaper reporter, and is an award-winning author with more than three decades of experience. In addition to writing about woodworking, he has covered science, metrology, metalworking, industrial design, quality control, image processing, Swiss and micro-manufacturing. He was previously a Tabbie Award winner for his coverage of nanobase-based coating technology for the automotive industry. Larry volunteered for the Historic Preservation Group, Kalo Foundation / Ianelli Studios, and the Science Council-based group, the Chicago Council on Science and Technology (C2ST).
