Governor Hogan Announces Maryland Manufacturing 4.0 Grant Program
ANNAPOLIS, Md.—Governor Larry Hogan today announced the launch of the Maryland Manufacturing 4.0 Grant Program, a new initiative from the Maryland Department of Commerce that provides grants to small and medium-sized manufacturers in Maryland to invest in Industry 4.0 technologies to modernize their operations.
This pilot program is being funded with $1 million in the fiscal year 2023 budget, which is focused on continuing the state’s strong economic recovery.
“Manufacturing and innovation have played a critical role in our incredible economic turnaround,” Governor Hogan said. “We are excited to launch the new Maryland Manufacturing 4.0 program as another tool to help our manufacturers stay competitive in a rapidly changing environment and revolutionize the way they do business.”
Similar to smart manufacturing, Industry 4.0 represents the fourth industrial revolution. It focuses on digitizing and automating manufacturing facilities to help businesses stay competitive and drive growth.
Examples of qualified projects and investments include the adoption of additive manufacturing; install new robotic or automated equipment to modernize production; the implementation of IoT technologies, such as shop floor data sensors, smart warehouse systems or new quality control systems; investing in big data and analytical systems to study operations; and employee training costs associated with implementing new technologies.
Grants awarded will cover 50% of project costs, with a minimum grant of $15,000 and a maximum grant of $50,000.
“Along with thousands of manufacturers in Maryland, we are always looking for new and innovative ways to support our businesses across the state,” said Maryland Department of Commerce Secretary Mike Gill. “This program has the potential to help dozens of companies modernize their operations and increase their presence in the state’s advanced manufacturing sector.”
Expected results of investing in Industry 4.0 technologies could include increased productivity and sales, cost savings, employee retention, etc. To learn more and apply for the program, visit commerce.maryland.gov/m4grant.
