Maryland Manufacturers: Build Your Industry 4.0 Technology Grant Proposal Now with SC&H
Many manufacturers lack the time and resources to implement the technology upgrades they need to stay competitive. Until now. On May 8, 2023, Governor Wes Moore signed a bill approving the Industry 4.0 Technology Grant Program and Fund (TGF) to help small and medium-sized enterprise (SME) Maryland-based manufacturers invest in Industry 4.0 technology and drive competitive growth in a globalized market.
Application Timeline and Rules of Engagement
July 1, 2023: The application and rules of engagement will be released to the public
July 15, 2023: The Department of Commerce will begin accepting submissions
October 2023: The final application deadline will be in mid-October, the exact date is pending.
December 31, 2023: Awards will have been announced.
Additional Significant Information About TGF
We anticipate only 12-15 manufacturers will be selected
80% of the grant money will be awarded to medium-sized manufacturers with up to 150 employees
20% of the grant money will be awarded to small manufacturers with less than 50 employees
Companies must demonstrate the ability to match a predetermined percentage of awarded funds (and meet eligibility requirements)
Awardees must demonstrate the success of their project to receive the full grant award
In January 2024, awardees will receive 50% of their grant money and the remainder will be provided at the end of the year cycle upon demonstration of success and proof of receipts
Secure Your Tech-Forward Future With SC&H Group
#1 Articulate Your Technology Needs Clearly and Concisely
#2 Build a Compelling Business Case with a Competitive Edge
#3 Prepare an Application that Meets All Requirements
#4 Leverage Implementation Support After the Grant is Awarded