DIGEST OF INTRODUCED BILL
Advanced manufacturing clusters. Requires the office of economic development within the Indiana economic development corporation (IEDC) to establish a program to provide grants, loans, and loan guarantees to members of consortia that encourage the growth of advance manufacturing clusters. Provides that the IEDC board must review and then approve or disapprove applications for grants, loans, and loan guarantees. Requires the office to provide certain assistance. Appropriates $1,000,000 to the IEDC from the state general fund for these purposes.