Maryland Manufacturing 4.0 Grant
This program provides financial support to small and mid-sized manufacturers in Maryland to adopt advanced technologies and improve their business practices, helping them become more competitive and grow.
The Maryland Manufacturing 4.0 grant program offers financial assistance to small and mid-sized Maryland manufacturers investing in Industry 4.0 technologies, machinery, and digital business practices. The program aims to enhance competitiveness and drive growth. Grants cover 75 percent of project costs for small manufacturers (3-50 employees) and 50 percent for mid-sized manufacturers (51-250 employees), with awards ranging from $25,000 to $500,000. Applications are due by 5 PM on August 30, 2024.
Award Range
$25,000 - $500,000
Total Program Funding
Not specified
Number of Awards
Not specified
Matching Requirement
Yes - 25 percent for small manufacturers (3-50 employees), 50 percent for mid-sized manufacturers (51-250 employees)
Additional Details
Grants cover 75 percent of project costs for small manufacturers (3-50 employees) and 50 percent for mid-sized manufacturers (51-250 employees). Eligible costs include machinery, equipment, software, implementation/installation, and training. 50 percent of funds disbursed at notice of award, remaining 50 percent upon completion with proof of expenses.
Eligible Applicants
Additional Requirements
Businesses must be in good standing with Maryland and federal OSHA regulations, have 3-250 full-time employees, have a two-digit NAICS code of 31-33, and be established for at least 2 years. Demonstrated ability to implement the project and provide matching funds is required. Recipients of previous Maryland Manufacturing 4.0 Grants may apply if their previous grants are completed.
Geographic Eligibility
All
Application Opens
Not specified
Application Closes
Not specified
Grantor
David Minges
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