State offering manufacturing grants - Jamestown Press

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State offering manufacturing grants - Jamestown Press

Local manufacturers purchasing equipment or machinery could save thousands of dollars through a grant program offered by Rhode Island Commerce. The agency also is offering grants to support high-growth startups in key industries. The first program — Manufacturing Equipment Grant Program — reimburses up to 50 percent of purchases with a cap of $25,000. This includes cash payments and downpayments for financed purchases. Businesses are eligible if…