Statewide – The Indiana Economic Development Corporation (IEDC), in partnership with Conexus Indiana, announced awards totaling nearly $2 million to 20 Indiana businesses in Manufacturing Readiness Grants, which Governor Eric J. Holcomb first announced in May. The grants are part of the Economic Activity Stabilization and Enhancement (EASE) program designed to stimulate manufacturing investments that will position Hoosier operations, and the sector overall, for future growth and prosperity.
The 20 manufacturers receiving grants represent 16 Indiana counties and cover a wide range of specialties, including automotive, aerospace and defense, machinery and construction, furniture and home products, and health care and medical.
Local recipients include:
- Bed Techs Inc. (Dearborn County; $150,000 grant award), established in 2000, produces used, refurbished, and reconditioned Hill-Rom® hospital beds, stretchers, medical equipment, and replacement bed parts. The company is developing 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 grant award), founded by Howard and Beverly Snyder in 1980, specializes in tool making, machining, and engineering in the metal-working field, a continued family tradition since 1891. The Versailles-based company is investing in updated equipment to manufacture knives, spacers, and tooling for the slitting industry, including aerospace, medical, textile, and automotive.
The Indiana Manufacturing Readiness grant program made available $4 million in the form of matching grants up to, or equal to, the amount of the qualified investment in new equipment and machinery (minimum 1:1 investment match).
