The Connecticut Department of Economic and Community Development (DECD) and Connecticut Center for Advanced Technology (CCAT) proudly celebrates the 10th anniversary of the state-sponsored Manufacturing Voucher Program (MVP), a flagship initiative that has fueled innovation, accelerated growth, and has energized Connecticut’s manufacturing ecosystem.
Funded by the Manufacturing Innovation Fund (MIF) at DECD and administered by CCAT, the MVP delivers high-impact support to manufacturers across the state. By enabling investments in advanced technologies and equipment, the program generates measurable improvements in productivity, innovation, and global competitiveness.
Since its inaugural year in 2015, the MVP has empowered 740 small and mid-sized manufacturers across the state to embrace cutting-edge technology solutions, beginning with its very first applicant, Phoenix Manufacturing Inc. Through strategic investments totaling $43 million in grant funding, the program has catalyzed $141 million in private investment, driving a total project value of $184 million—a remarkable leverage ratio of 3.3 to 1.
“The MVP is more than financial support; it is a launchpad for transformation. Since its inception, it has served as a catalyst for manufacturers to invest in new products and technologies,” said Paul Striebel, Senior Grants Manager at CCAT. “By helping manufacturers invest in innovation, we’re building a more resilient, competitive, and future-ready Connecticut.”
“Over the past decade, the MVP has delivered transformative results for Connecticut’s manufacturing sector,” said Kirti Patel, Connecticut’s Chief Manufacturing Officer at DECD. “By empowering companies to innovate and invest in advanced technologies, the MVP has strengthened our state’s industrial competitiveness, generated exceptional returns on taxpayer investment, and positioned Connecticut’s manufacturers for long-term, sustainable growth.”
For more than two decades, CCAT has been at the forefront of Connecticut’s manufacturing journey championing innovation, economic growth, creating partnerships and industry advancement. As the industrial landscape continues to evolve, CCAT stays a trusted partner, equipping companies with the tools, talent, and technology they need to deliver results and future-proof their companies today.
Learn more about CCAT’s programs and training: https://www.ccat.us
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For all media inquiries please reach out to Melissa Rawlins at mrawlins@ccat.us