Two Jasper County Businesses Receive Funding through Iowa’s Manufacturing 4.0 Program
7 Mar 2022
Governor Kim Reynolds and the Iowa Economic Development Authority (IEDA) announced that $20 million in Manufacturing 4.0 Workforce Innovation grants have been awarded to 46 companies in Iowa. Two of these companies are headquartered in Jasper County: Co-Line Welding, Inc. in Lynnville and Janco Industries, Inc. in Sully.
These grants are geared toward Iowa manufacturers with 76-250 employees across locations investing in Industry 4.0 technologies to address workforce issues exacerbated by the negative impacts of COVID-19. Recipients received up to $500,000 in grant funding, and a minimum match of 25% was required.
“Our Manufacturing 4.0 initiative focuses on one of Iowa’s largest industries, and will help them unleash new potential to grow their businesses,” said Governor Kim Reynolds. “To maintain our economic vitality in this sector, particularly as we work to mitigate ongoing workforce shortages, these grants serve as a critical resource to support advanced manufacturing businesses. It is imperative that our businesses remain globally competitive and a step ahead of the evolving demands of the 21st century economy.”
A full list of the Manufacturing 4.0 Workforce Innovation grant recipients is available at the State of Iowa’s Manufacturing 4.0 Technology Investment website.