Indiana Companies Receive Stimulus Funding
Columbus-based diesel engine maker Cummins, Inc. will receive $54 million from the federal stimulus package to expand existing projects designed to increase fuel-efficiency.
Of the $184 million in stimulus money assigned around the country Monday, Indiana companies will receive roughly half. Cummins will take the lions share of funding and direct it toward existing research on greening heavy-duty truck engines.
U.S. Energy Secretary Steven Chu, who toured the plant monday, is part of an obama administration thats still trying to sell the public on the virtues of the $787 billion plan. With Chu were Senator Evan Bayh and Congressman Baron Hill, both of whom voted for the stimulus package.
The grants will fund 160 jobs at Cummins. Fort Wayne's Navistar will also receive $37 million from the grant, which will create 200 jobs.
Cummins and Navistar will be expected to match the stimulus grants over the next four years.