A Putnam County business will receive Manufacturing Readiness Grant.
The Indiana Economic Development Corporation (IEDC), in partnership with Conexus Indiana, announced the fourth round of awards totaling more than $2.8 million to 34 Indiana businesses in Manufacturing Readiness Grants to support a projected $17.4 million in technology-based capital investment in Indiana.
Liberty Trailers in Fillmore designs and manufactures commercial-grade trailers suitable for homeowners and businesses such as car and equipment haulers and dump, utility, tilt, flatbed and pipe trailers. The company is investing in fully autonomous, robotic welding cells and increasing internal fabrication capacity.
The Manufacturing Readiness Grants program was launched in 2020 to stimulate private sector investments to modernize Indiana’s manufacturing sector. Based on the program’s success, the Indiana General Assembly appropriated $20 million in additional funding to the two-year state budget that runs through June 30, 2023, to help position Hoosier operations for future growth and prosperity. Availability of the new funding on July 1, 2021, has enabled a total of 122 awards to date totaling nearly $9.7 million in grants to Hoosier companies in 50 counties, supporting technology-based capital investment projected to be more than $68.6 million.