Now that the Iowa Department of Economic Development’s Manufacturing 4.0 grant initiative has started accepting applications, Computer Aided Technology (CATI) is partnering with Iowa organizations to help them fully understand the grant program.
The goal is to keep local manufacturers competitive within a global, ever-changing marketplace.
The grant program is broken down into two categories – the Manufacturing Innovation Equipment Grant and the Manufacturing IIOT Infrastructure Investment Grant, according to a statement. Companies must meet certain requirements to be eligible for grants under either program.
The Manufacturing Innovation Equipment Grant is for companies looking to purchase equipment (like 3D printers, 3D scanners and post-printing technologies) for the manufacturing process. The Manufacturing IIOT Grant can be used toward the purchase of specialized hardware or software – including CAD Software like SOLIDWORKS.
Iowa manufacturers must have a minimum of 51% of their revenue derived from the sale of manufactured goods, fall in the range of 31-33 NAICS codes, have at least three employees but fewer than 75 employees across all locations, and have been in operation for at least three years.
CATI’s portfolio includes SOLIDWORKS, Stratasys 3D printers and more. CATI has a local team based out of West Des Moines to help determine eligibility and to ensure companies have the right solutions in place to run efficiently.