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UofL invests in next-gen technology to support manufacturers

Summary by Spectrum News
An $8 million investment from a state appropriation will help small and medium-sized manufacturers generate business results.

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UofL invests in next-gen technology to support manufacturers

An $8 million investment from a state appropriation will help small and medium-sized manufacturers generate business results.

·United States
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thefinancialanalyst.netthefinancialanalyst.net

Kentucky Boosts Manufacturing with $8M for Tech Upgrades

In a bold move to bolster Kentucky’s manufacturing sector, the University of Louisville’s Kentucky Manufacturing Extension Partnership (KY-MEP) has secured $8 million in state funding to launch the Catalyst Equipment Match (CEM) program. This initiative, aimed at small- and medium-sized manufacturers, offers a significant boost to keep pace with the technology-driven economy. Source

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UofLNewsUofLNews

UofL partnership secures $8M to support state's small and mid-sized manufacturers

The University of Louisville’s Kentucky Manufacturing Extension Partnership (KY-MEP) has secured $8 million to help the state’s small and medium-sized manufacturers generate business results and thrive in today’s technology-driven economy. With the funding, which comes via a state appropriation, KY-MEP has launched the Catalyst Equipment Match (CEM) program. The program provides an up to 50% match for manufacturers (up to $200,000) for investmen…

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UofLNews broke the news in on Thursday, March 6, 2025.
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