Maryland Grants $2 Million for Industry 4.0 Technology to 22 Manufacturing Companies
Maryland's Department of Commerce has allocated $2 million to 22 small and medium manufacturing companies through the Maryland Manufacturing 4.0 program, supporting approximately 1,100 jobs. Each business received an average grant of $90,859 to invest in Industry 4.0 technologies, with Marlin Steel Wire Products LLC receiving the largest grant of $350,000 for advanced manufacturing equipment. This funding aims to modernize operations and enhance competitiveness within the state's manufacturing sector, contributing to nearly $9 million distributed to 113 businesses since the program's inception.
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Maryland's Department of Commerce has awarded $2 million through the Maryland Manufacturing 4.0 program to 22 small and medium manufacturing businesses, supporting 1,100 jobs. Each company received an average grant of approximately $90,859 to enhance capital expenditures on Industry 4.0 technology, which includes automation and data-collecting systems.
The largest grant of $350,000 was awarded to Marlin Steel Wire Products LLC in Baltimore for advanced manufacturing equipment aimed at increasing production capacity. The funding aims to modernize operations, enhance competitiveness, and drive economic growth in Maryland's manufacturing sector. Since its launch, the program has allocated nearly $9 million to 113 businesses across the state.
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