Government and Politics
August 6, 2024
From: Maryland Governor Wes MooreANNAPOLIS, MD - Governor Wes Moore today visited ION Storage Systems, a Maryland-based manufacturer of solid-state batteries for the defense, aerospace, medical, consumer, electric vehicle, and grid storage industries. During the visit in Beltsville, the governor announced $11 million in funding to support advanced manufacturing and innovation projects, as part of the Moore-Miller Administration’s commitment to making Maryland more competitive.
“ION Storage Systems is a Maryland original. Their success underscores our state’s growing leadership in science, technology, and advanced manufacturing,” said Gov. Moore. “Today, we take another step toward driving public investment in the innovation economy, creating jobs, and spurring growth for years to come. In partnership, we will make Maryland the best place in the world to change the world.”
- $4 million will support the Maryland Manufacturing 4.0 Program, which provides grants to small and mid-sized Maryland manufacturers to invest in Industry 4.0-related technologies, machinery and robotics, and digital business practices in order to remain competitive and drive growth. Companies that invest in Industry 4.0 technologies can benefit from increased productivity and sales, cost savings and retention of employees. With this new investment, the program will have total appropriations of $5 million for Fiscal Year 2025. Forty-nine businesses have received nearly $2 million in total grant funding through this program since it launched in 2023.
- $7 million will support the Build Our Future Grant Pilot program and fund, which provides grants for eligible innovation infrastructure projects designed to transform and accelerate growth in key sectors including aerospace and defense, biotechnology, life sciences, quantum, and cybersecurity. Grant awards may be used to defray the cost that grantees incur to acquire, construct, rehabilitate, install, improve, or equip an eligible project. The program, which was created by Governor Moore’s Innovation Economy Infrastructure Act of 2023, was intended to be a pilot program for Fiscal Year 2024 but is being funded in Fiscal Year 2025 given the significant private sector demand and interest. Eleven projects were funded through the program’s first round of grants, announced earlier this year.
“These programs are two of the sharpest and most innovative tools in Maryland Commerce’s toolbox, allowing the department to give a critical boost to strategic industry sectors in the state,” said Maryland Secretary of Commerce Secretary Kevin Anderson. “We thank Governor Moore for his continued support of these efforts and his ongoing commitment to building a stronger and more competitive Maryland.”