WASHINGTON – Senator Chuck Grassley announced today that Iowa State University has received a grant totaling $771,697 from the U.S. Department of Commerce’s National Institute of Standards and Technology through the Manufacturing Extension Partnership Program.
“The Iowa Manufacturing Technology Center’s services and access to resources help companies grow, improve productivity and expand their capacity,” Grassley said.
Manufacturing Extension Partnerships are non-profit, university or state-based organizations which receive one-third of their operational funding from National Institute of Standards and Technology with a matching two-thirds realized from state funds, other regional partners, and revenue from fees paid by manufacturers for the services they receive.
Each year, thousands of local Iowa organizations, colleges and universities, individuals and state agencies apply for competitive grants and loans from the federal government. The funding is then awarded based on each local organization or individual’s ability to meet criteria set by the federal entity.