Grants & Incentives for Manufacturing Companies

The manufacturing industry is a driving engine of the U.S. economy. As of October 2024, there were thirteen million manufacturing workers. Manufacturing employees earned $102,629 on average in 2023, including pay and benefits. In 2024, 94% of manufacturing employees were eligible for health benefits.

Due to these statistics and client demand and requirements, EIAG has a practice group dedicated to helping manufacturing companies identify and secure grants, tax credits and other types of financial incentives to help them grow, upgrade facilities, train employees and reduce operating costs.

The financial incentives EIAG pursues on behalf of manufacturers include Federal, state, and local incentives that include the following:

· Grants related to facility upgrades.

· Capital investment tax credits.

· Grants for clean energy investments such as solar, HVAC units, new equipment purchases, electric forklift purchases, pollution control
equipment and other investments.

· Job training grants and credits to upskill your employees.

· New facility expansion grants and credits.

· Job creation tax credits and grants.

· Property tax abatements.

· Utility discounts.

· Enterprise zone jobs tax credit.

· Research and development tax credit (R&D Tax Credit)

· Other types of financial incentives are determined by geographic location or proposed expansion.