FOR IMMEDIATE RELEASE
Contact: Jesse Cordray, Press Secretary
Jesse.Cordray@iga.in.gov
317-232-9498
STATEHOUSE (Dec. 28, 2020) — Two businesses in Senate District 18 have been awarded funds through the Manufacturing Readiness Grant program, said State Sen. Stacey Donato (R-Logansport).
Ameri-Can Engineering received $26,852 to modernize equipment and processes to improve production efficiencies. Ameri-Can Engineering is a third-generation family managed company that manufactures portable sanitation trailers in Argos.
Culver Tool and Engineering Inc. (CTE Solutions) received $79,455 to upskill employees and update its forming and deburring processes with custom-built equipment. CTE Solutions, founded in Plymouth in 1950, manufactures custom implants, including prototypes, for all segments of the orthopedic industry.
"As we continue to assess the financial impact COVID-19 has had across our district, I am grateful this funding will provide some relief to Ameri-Can Engineering and CTE Solutions," Donato said. "I encourage local businesses to remain vigilant in their pursuit of economic relief and I stand ready to assist in any way I can."
In partnership with Conexus Indiana, the Indiana Economic Development Corporation (IEDC) announced 31 businesses across the state will receive money from the third installment of the Manufacturing Readiness Grant program. Made possible by the state's Economic Activity Stabilization and Enhancement (EASE) program, with additional support from the CARES Act, the Manufacturing Readiness Grant program is a matching grant up to or equal to the amount of the qualified investment in new equipment and machinery.
Conexus Indiana, with the input of a peer review panel, will continue to assess applications and make funding recommendations to the IEDC, which will fund select applications if additional funding becomes available.
For further information on the program and to apply, visit www.conexusindiana.com/manufacturing-readiness-grants.
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