Maryland scores grant to implement new know-how in companies | Information

BALTIMORE, Md. – At the moment, Maryland Governor Wes Moore introduced a grant that may profit small and mid-sized companies. 

The Maryland Division of Commerce obtained the $1,010,000 grant from the U.S. Division of Power’s Workplace of Manufacturing and Power Provide Chains to speed up the adoption of sensible manufacturing know-how. The funding was granted as a part of the bigger State Manufacturing Management Program, which is a $50 million federal initiative that has issued awards to 12 state run applications all through the USA.  

“Manufacturing is a important a part of Maryland’s economic system. Persevering with to encourage enterprise communities to spend money on sensible manufacturing applied sciences will assist give our state the sting it wants to remain aggressive in an evolving panorama,” mentioned Moore. 

The funds might be utilized in three completely different areas: know-how readiness assessments for producers, technical help for Trade 4.0 know-how implementation, and a common enlargement of the prevailing Maryland Manufacturing 4.0 program. The state says corporations investing in Trade 4.0 applied sciences can profit from elevated productiveness and gross sales, value financial savings, and worker retention. 

Maryland Division of Commerce Secretary Kevin Anderson says with further backing from the U.S. Division of Power, Maryland is certain to proceed main the best way in Trade 4.0 and sensible applied sciences. 

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