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Rochester Metals, Sequel Wire and Cable to receive Manufacturing Readiness Grants

Industries in Fulton and Marshall counties will benefit from recently announced grants.

 

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.
 
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. 

 

Among those receiving grants:

 

  • Rochester Metal Products Corp. (Fulton County; $25,000 grant award), a manufacturer of quality gray and ductile iron castings, is investing in a cobot to automate part of its production process. 
     
  • Sequel Wire and Cable LLC (Marshall County; $6,710 grant award) is a startup company and manufacturer of copper fabricated and insulated wire and cable products for use in a variety of markets including OEM, wire and cable distribution, appliance, automotive and RVs. The company is implementing automated data collection on production machines across its facility.


The 34 grant recipients in this round include companies from 22 Indiana counties and cover a wide range of specialties, including aerospace and defense, automotive, custom electronics and medical devices.

Recipients include: 

  •  
  • Rochester Metal Products Corp. (Fulton County; $25,000 grant award), a manufacturer of quality gray and ductile iron castings, is investing in a cobot to automate part of its production process. 
     
  • Sequel Wire and Cable LLC (Marshall County; $6,710 grant award) is a startup company and manufacturer of copper fabricated and insulated wire and cable products for use in a variety of markets including OEM, wire and cable distribution, appliance, automotive and RVs. The company is implementing automated data collection on production machines across its facility.
     

 

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