On March 1, the Manufacturing 4.0 grant applications for 2023 opened, providing opportunities for businesses and organizations to develop new technologies and processes in the manufacturing industry. These grants positively impact the community by promoting innovation, creating job opportunities, driving economic growth, and encouraging sustainability.
If your business or organization wants to remain globally competitive within the manufacturing industry, consider applying for the Manufacturing 4.0 grants.
In 2022, Ideal Industries in Benton County received grants for improvements to their facilities.
There are two grants available:
Manufacturing Industrial Internet of Things (IIoT) Infrastructure Investment Grants, provide up to $25,000 for the purchase of specialized hardware or software in Industry 4.0 technology groups
Manufacturing Innovation Equipment Grants provide up to $50,000 for the purchase of specialized equipment to increase productivity, efficiency, and competitiveness
Companies can apply for a combined amount of $75,000 between the two grants over the lifetime of the business, with a 1:1 match required. Before applying for these grants, manufacturers must complete an Industry 4.0 assessment provided by Iowa State University’s Center for Industrial Research and Service (CIRAS).
The Iowa Economic Development Authority reports that advanced manufacturing generates more than $12 billion worth of exported goods and accounts for nearly 18% of the state’s GDP, making it the largest industry in Iowa. That is why the Iowa Manufacturing 4.0 initiative was created to help companies invest in innovative solutions for the technological revolution. For more information about these grant opportunities, please refer to the Iowa Economic Development Authority (IEDA) Manufacturing 4.0 guide.
MANUFACTURING 4.0 TECHNOLOGY INVESTMENT GRANT PROGRAM PDF Innovative Technology Infrastructure Grants https://www.iowagrants.gov/index.do https://governor.iowa.gov/press-release/2023-02-15/governor-reynolds-ieda-announce-2-million-manufacturing-40-funding
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