West Terre Haute’s Marion Manufacturing Receives State Manufacturing Readiness Grant
A portion of this article was originally published by Inside Indiana Business. For the full story and more business news from around the state, click here.
A West Terre Haute company is the recipient of a statewide Manufacturing Readiness Grant. Marion Manufacturing, a certified Woman Owned Enterprise, was one of 31 Indiana businesses awarded a grant by the Indiana Economic Development Corp.
Inside Indiana Business reported that awards, totaling about $1.5 million, are designed to stimulate investments to help manufacturers grow. The awards are issued in the form of matching grants that require companies to invest in new equipment and machinery.
“We are very thankful for the opportunities that the Manufacturing Readiness Grant is going to afford us,” Marion Manufacturing President Tammy Marion tells the Chamber. “We are excited to start the implementation of the new projects that will improve throughput throughout our facility. This will help us remain competitive as we continue to grow our business in the coming years. It is opportunities like these that make me thankful to be a small business in the state of Indiana.”
As reported by Inside Indiana Business, Marion Manufacturing (Vigo County; $79,717 grant award), has been based in West Terre Haute since 1996 and offers turnkey manufacturing of precision machined components. The business is upgrading its inspection equipment by providing data collection tools to the shop floor, networking the CNC machining centers together, and making cybersecurity and ITAR compliance investments for its aerospace and defense customers, while also growing its team.
IEDC says the businesses plan to invest more than $15 million in technology and equipment to position their businesses for future growth by increasing capacity and modernizing operations.
“As a state, it’s critical that we support manufacturers as they modernize their operations and efficiencies to succeed in today’s 21st century economy,” said Gov. Eric Holcomb. “We’re encouraged by their continued commitment to enhancing and growing their businesses, solidifying our state’s reputation as the top manufacturing state in the nation per capita.”