Economic development officials hope a recent Purdue University study comparing northeast Indiana with other good defense business locations will help attract more defense contractors to the region.
Indiana, Ohio and Michigan will share $8 million in federal funds to help companies and communities that have lost defense industry jobs.
An $8 million grant from DOD’s Office of Economic Adjustment (OEA) awarded last week to the University of Michigan’s Economic Growth Institute will be used to help dozens of communities and companies across Michigan, Ohio and Indiana address the loss of jobs in the defense industry stemming from cutbacks in DOD spending.
Based on a successful pilot project, the U.S. Department of Defense’s Office of Economic Adjustment has awarded $8 million to the University of Michigan’s Economic Growth Institute to assist communities and companies in the three states that have been impacted by these job losses.
The Purdue Center for Regional Development (PCRD) and the Purdue Manufacturing Extension Partnership (MEP) are joining forces with the University of Michigan and Ohio State University to expand the tri-state team’s Defense Manufacturing Assistance Program (DMAP). Piloted over the past two years, the Purdue DMAP initiative has helped nearly two dozen defense-impacted industries and communities in the state.
Manufacturing companies in the Ohio region have an opportunity to receive funding assistance through a new program organized by three universities, an official with the Ohio Manufacturing Institute said Monday.
An emerging trade zone in the central Upper Peninsula is looking into a grant program to help communities improve companies experiencing declining sales, production or employment due to reduced spending by the nation’s defense department.