Six manufacturers across the Iowa Quad Cities region will be investing in new technology and systems thanks to recent grant awards from Iowa’s FY 2025 Manufacturing 4.0 Technology Investment Program.
The Iowa Economic Development Authority (IEDA) awarded Manufacturing 4.0 Technology grants of more than $315,000 in total to 33 companies earlier this month including these area companies:
- Bowe Machine Co., Bettendorf, $75,000; total project valued at $262,870.
- Collis Toolholder Corp., Clinton, $51,750; total project $103,500.
- CT Products, Davenport, $35,000; total project $70,000.
- Grace Technologies, Davenport, $56,300; total project $112,661.
- Johnson Manufacturing Company Inc., Princeton, Iowa, $69,450; total project $138,900.
- PCT Ebeam and Integration LLC, Davenport, $27,924.51; total project $55,849.02.
The IEDA awarded the 33 manufacturers a total of $2.016 million, which will help leverage a total of $5.5 million in projects.
The state funding supports small- and mid-sized manufacturers who are investing in smart technologies to boost productivity, improve efficiency and remain competitive in Iowa’s largest industry. For a full list of the Manufacturing 4.0 grants, click here.
“I applaud the vision and commitment of IEDA and CIRAS-IA State University in advancing manufacturing knowledge, processes and technologies,” Chris Caves, the Quad Cities Chamber’s vice president of business retention & expansion, said in the chamber’s blog.
“This sustained financial support for the continuous investment in automation, technology and efficiency is critical to advancing the industry,” she said. “Each company represents progressive leadership and the determination to invest and grow their capabilities.”
Other awards granted
Award recommendations for the technology investment program are made by a review committee of the IEDA, whose board approved the award on Friday, April 18. The board also approved awards through its High Quality Jobs, Community Attraction and Tourism and Sports Tourism Marketing programs.
“The IEDA grant will support our investment in new capabilities for our production team,” Karl Swanson, president of PCT, said in the chamber news article.
Mr. Swanson said the grant will assist in purchasing a laser welder and plasma cutting table. “Laser welding is a faster and cleaner method to fabricate the stainless steel parts that are critical to our electron beam systems,” he said. “Having our own plasma cutter will enhance our ability to control our material flow.”
Also spotlighted in the chamber’s blog was Drew Allen, Grace Technologies CEO. “This grant will help us bring overmolding capabilities in-house, enhancing product quality, reducing costs and accelerating production timelines across our life-saving electrical safety product lines. It’s a key investment in innovation and long-term growth here in Iowa.”
For more information on the Manufacturing 4.0 Technology Investment Grant program, visit here.
