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Indiana Receives Millions In Department Of Defense Funds

Indiana is receiving nearly $3 million in new federal Defense Industry Adjustment Funds from the U.S. Department of Defense.

Lt. Gov. Sue Ellspermann and the Indiana Office of Defense and Development announced the $2.7 million of grant funding on Wednesday.

"We know that the defense industry has a profound impact on Indiana's overall economy," Ellspermann said in a statement. "Through the OEA grant, we will continue to foster a culture that supports our businesses and helps to identify defense related opportunities for continued growth and prosperity."

The lieutenant governor's office says the funds will be used to help develop an action plan to assist those who've been affected by reductions in Department of Defense spending.

As we've previously reported, defense contracts in Indiana have declined $6 billion since 2008.

The drop is in part because the defense department has been cutting back nationally. Since 2008, spending on defense contracts has dropped by about $90 billion dollars.

It's also because of a shift from on-the-ground forces to more remote technology such as drones.



Ellspermann's office says the state will analyze cities, towns, businesses and manufacturers who are likely to be affected by budget reductions at the Department of Defense before developing a strategy to align assets and find opportunities for growth.

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