The Youngstown Business Incubator and BRITE Energy Innovators in Warren have received federal funding for a joint economic development initiative around the industrial internet of things (IIoT).
According to a news release, the organizations secured funding through the House Appropriations Community Project Funding by working with US Rep. Tim Ryan’s office. The project will receive $312,744.
The industrial internet of things uses data to identify problems or opportunities, like potential energy consumption reduction. But, the release noted, the adoption of smart manufacturing in the region has been slow.
“For American manufacturing to compete globally against low-wage and low-cost manufacturing economies, we have to find ways to integrate advanced manufacturing technologies into our Small to Medium Enterprises (SMEs),” Ryan said in the release. “At the same time, technologies like these are going to help stimulate innovation in our region and position Ohio as an industry hub of the future.”
The funding will go toward initiatives like training and industry outreach. The Youngstown Business Incubator has also secured funding through the Eastgate Regional Council of Governments and the Ohio Third Frontier Entrepreneurial Services program for this work, the release said.