A Winamac industrial gear producer will likely be making some upgrades, with assist from a Manufacturing Readiness Grant from the state. Commonplace Built-in Options was given a $50,000 matching grant to put money into “cobots,” which can have a tendency the CNC mill and press brakes, in keeping with a press release from the Indiana Financial Growth Company.
A complete of about $3 million was awarded to 31 Indiana companies on this second spherical of Manufacturing Readiness Grants. Different recipients embrace Tri-Pac in South Bend and Myers Spring Firm in Logansport.
The IEDC says it was in a position to develop this system with federal CARES Act funding. Whereas the sum of money allotted for Manufacturing Readiness Grants has been used up, purposes proceed to be accepted in case extra funding turns into accessible sooner or later. The grants are a part of the Financial Exercise Stabilization and Enhancement (EASE) program that was launched by the state again in Might.