IEDC Readiness Grant - PRODUCTION VERSION - 2019 & 2020

Manufacturing Readiness Grant

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Smart Manufacturing is the intersection of manufacturing and digital transformation (e.g. additive manufacturing, industrial Internet of Things (IoT) infrastructure, cybersecurity, high speed communications infrastructure, energy resilience equipment). Furthermore, the recent COVID-19 pandemic is showing how vulnerable our supply chains and manufacturing presence have become in the U.S. These two factors are combining to create a unique threat and opportunity for the entire manufacturing sector.

Indiana is well positioned to succeed given our manufacturing concentration, corporate presence, and steadily growing innovation and entrepreneurial efforts. Indiana has every reason to take a bold approach, as thousands of Hoosier jobs are at risk in a dynamically changing marketplace.

Providing matching grants to companies interested in deploying Smart Manufacturing technology and healthcare manufacturing equipment will stimulate the existing manufacturing community and open new opportunities as onshore manufacturing policy priorities shift.

Specifically, these matching grants will function to expand critical knowledge and lower the barriers to Smart Manufacturing technology adoption and healthcare manufacturing equipment procurement at a time when Indiana manufacturers are faced with unprecedented challenges and needs to deploy smart technologies in reopening the workplace in the wake of COVID-19. This will help both to reassure and to reprioritize manufacturing dominance on a national and local Indiana level.

Thank you for your interest in working with the IEDC, Next Level Manufacturing Institute and Conexus Indiana to promote innovative initiatives and economic development. Please complete the form in its entirety; incomplete submissions will not be considered.

Applicant Information

Applicant Organization: *

Legal name of applicant entity

Type of entity*

For profit

Other:

Federal Employer Identification Number*

Indiana Secretary of State Control Number*

Mailing Address *

Address Line 1

Address Line 2

City

State

ZIP Code

Website

Number of Employees in Indiana*

Number of Employees Total*

Length of operation in years*

Relationship to Indiana (ex: HQ, major operations, ownership, etc…)?*

Business Certifications? Check all that apply.

SBC (Small Business Certification) MOSB (Minority Owned Small Business) WOSB (Woman Owned Small Business) VOSB/SDVOSB (Veteran/Service Disabled Veteran Owned Small Business)

Other:

Description of ordinary course of business*

Senior Official Contact Person: Someone with authority to speak/commit on behalf of the organization

Name*

First Name

Last Name

Title*

Email*

Phone*

Major capital components of the project potentially eligible for reimbursement (eligibility per discretion of review committee):

Total Grant Reimbursement Amount Requested: Only major capital components of the project permanently installed in Indiana whose costs are directly incurred by the applicant are eligible for reimbursement under this grant. The reimbursement rate (not to exceed 1:1 match up to $200,000) will depend on various factors at the discretion of the IEDC and Conexus Indiana.* $

Please use numerals only.

Purchased equipment: List any significant hard, physical asset that is being procured and installed and dedicated exclusively to this project. Include manufacturer, model, country/state of origin, vendor, useful life, and approximate cost. Cost should include original purchase only and not any maintenance, warranty or other extended service subscription or plan. Provide as an attachment if list is large.*

Total Cost (purchased equipment)*

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Infrastructure, facilities improvements, and transportation: Describe and estimate cost for project line items only if they are directly and exclusively related to purchased equipment listed in the prior question and necessary for the equipment to perform its intended function.

Total Cost (infrastructure, facilities improvements, and transportation)

Software, Technology, or IP: Describe and estimate the cost for software, technology or other intellectual property only if it is 1) dedicated exclusively to this project, 2) necessary for the project to achieve its goals, and 3) can be accounted for as a capital expense, i.e. its an asset with a useful life beyond the purchase year and is paid for as a lump sum rather than via a monthly or annual subscription. For listed items include vendor, product name and version, country/state of origin.

Total Cost (software, technology, or IP)

Indiana address where project equipment will be permanently installed*

Address Line 1

Address Line 2

City

State

ZIP Code

County of Indiana address where project equipment will be permanently installed

Affirm that all equipment, technology or other reimbursed items will not be moved outside of Indiana once installed. *

Not moveable Movable, but committed to not move from the location identified Cannot commit to keeping equipment at the location identified above

If not affirmed, please explain

Workforce Implications

Staffing: Describe anticipated impact on staffing positions (full-time, part-time, contract, exempt and non-exempt). How many positions will be created, eliminated, consolidated, transferred, re-skilled or otherwise impacted? *

Training: Describe any training, certifications, or other professional development investments that will be made in enhancing workforce skills as part of the project.

Workplace Health and Safety: How will the nature of work improve or otherwise change for affected employees?

New wage growth: Once the project is fully implemented with all benefits realized and changes completed, what is the expected permanent net change (either increase or decrease) in total wages (annualized dollars) as a direct result of the project? *

Relative impact for applicant: The net wage growth described above is approximately what percentage of the net wages for the applicant’s Indiana based operations?*

<1% 1-3% 3-5% 5-10% >10%

Timeline: When is the project anticipated to begin and complete? What are the major milestones for the project and their timing? You may provide a project plan as an attachment.*

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Risks: What are the major risks associated with the project and what measures will be in place to mitigate the risks?

Experience: Describe applicant’s prior experience with other projects of similar scope, scale and complexity.

Other relevant information: Please describe (or attach) any other relevant supporting information (pictures, documents, etc.) that you feel may be helpful for the review committee to fully appreciate and understand the scope, nature, and opportunity of this grant application.

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Peer Review: Applicant consents to allow this application and all other relevant and related information and data to be made available to parties involved with its review and evaluation, provided that it is exclusively for the purpose of grant consideration. These parties include: IEDC, Conexus Indiana, Next Level Manufacturing Institute, and a peer review committee.*

Provided Not provided

Case Study: Applicant affirms a willingness to participate in a case study upon successful conclusion of any project that received grant funds. The case study will positively highlight the applicant and the specific project outcomes as a means to share learnings and best practices in the public domain. The intent is to increase broad understanding of technology use cases in manufacturing and spur greater adoption across the state’s manufacturing base. Case studies will be in collaboration and coordination with the grantee and will be reviewed by the grantee prior to release. Only non-proprietary information will be shared in the case study. *

Willing to participate Not interested in a case study

Terms and Conditions: Applicant understands that a grant award offer will be contingent upon applicant entering into a “grant agreement” detailing full terms and conditions of the grant prior to any qualifying project expenditures occurring for which reimbursement will be sought. Some of the terms and conditions include:

Payment shall be made on a reimbursement basis upon submission of proof of expenditure
Right of first refusal on purchased equipment so long as book value is above $5,000 using straight line 10-year depreciation
Favored Nation pricing & Terms for at least 3 years for products produced using equipment
Indiana would have prioritized capacity for production off of equipment
Subsidized equipment through this program will be ineligible for the HBI Tax Credit

Understood

Attach W-9

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Lead & Oppty Owner

Links Lead and Oppty to Leighton in Salesforce.

Submission Date/Time

Save and Resume Later

Manufacturing Readiness Grant

Applicant Information

Senior Official Contact Person: Someone with authority to speak/commit on behalf of the organization

Project Description

Major capital components of the project potentially eligible for reimbursement (eligibility per discretion of review committee):

Workforce Implications