Local firearms maker receives grant

A Seymour firearms maker recently received a $44,222 manufacturing readiness grant from the Indiana Economic Development Corp. in partnership with Conexus Indiana.

FosTecH Inc., which manufactures firearm products for retail, law enforcement and military customers worldwide, is implementing a new manufacturing control system that enables customer-configured, individualized products.

The grant is part of the third round of awards totaling approximately $1.5 million to 31 Hoosier businesses under the Economic Activity Stabilization and Enhancement Program, first announced by Gov. Eric Holcomb in May.

The grants, part of Holcomb’s 2021 Next Level Agenda, are designed to stimulate manufacturing investments that will position Hoosier operations and the sector overall for future growth and prosperity.

The manufacturers receiving grants represent 21 counties and cover a wide range of specialties, including automotive, aerospace and defense, agriculture, machinery and construction, consumer packaging products and health care and medical.

Together, these businesses plan to invest more than $15 million in technology and equipment to position their businesses for future growth by increasing capacity and modernizing operations.