Manufacturing Readiness Grants launched last year as a pilot to stimulate private-sector investments in modernizing Indiana’s manufacturing sector.
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More than $2.8 million has been awarded to 34 companies across the state in the fourth round of Indiana’s Manufacturing Readiness Grant program, the state announced Thursday morning.
Paxafe Inc., which recently moved into 700 square feet of office space at 55 Monument Circle, plans to hire data scientists, machine learning engineers, product managers, software engineers and customer operations representatives.
Calumet, which acquired Muncie-based Paralogics LLC in March 2020, now says it plans to expand the facility and hire up to 20 more employees there by 2025.
Leaf Software Solutions Inc. said the revamp of the 18,000-square-foot space at 14300 Clay Terrace Blvd. will help it meet an increased demand for its custom software products and financial software services.
Indianapolis-based Renewable Transport Services Inc. plans to add more than 90 jobs by the end of 2025 and invest $20 million to upgrade its southside facilities.
More than 50 cities and counties across Indiana have partnered to form nine regions to apply for the state’s $500 million READI grant program.
Indiana’s delegation is scheduled to leave Indianapolis on Monday, July 5, and return Friday, July 9.
Stevanato Group, a producer of syringes, vials and glass containers, announced Wednesday it will spend $145 million to build and equip a 370,000-square-foot facility in Fishers.
Brad Chambers said he believes a “reevaluation of what the marketplace is doing” by the Indiana Economic Development Corp. will be a good thing—and a natural move for any agency or company when it changes leadership.
ITS Logistics LLC announced Tuesday that it plans to invest $11.8 million to establish its first Midwest location, in Whitestown.
Brad Chambers, who founded Indianapolis-based powerhouse development firm Buckingham Cos. in 1984, will take his new position July 6. He’ll succeed Jim Schellinger, who stepped down abruptly in March after 5-1/2 years on the job.
G&H Wire Company Inc. announced Friday that it plans to invest $3.3 million to lease and equip 55,000 square feet of new corporate office and manufacturing space in Franklin.
The company, which stands to receive more than $6 million in state and local incentives, said it could expand its investment in central Indiana to $490 million and its hiring plans to 425 by 2025.
Foxconn originally proposed a 20 million-square-foot manufacturing campus that would have been the largest investment in U.S. history for a new location by a foreign-based company, but those plans have been downsized significantly.
As Gov. Eric Holcomb looks to fill the shoes of departing Secretary of Commerce Jim Schellinger, he can forge a path for the Indiana Economic Development Corp. that focuses on fostering an entrepreneurial ecosystem that makes Indiana the best place to start a business in America.