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ESOURCES TO HELP SMALL AND MEDIUM SIZED MANUFACTURERS MANAGE DURING THE CORONAVIRUS (COVID-19) PANDEMIC

There are 51 Hollings Manufacturing Extension Partnership (MEP) Centers in all 50 states and Puerto Rico which are waiting to help those small and medium sized manufacturers (SMMs) through this crisis with more than 1,400 trusted advisors and experts at approximately 375 MEP service locations. The MEP National Network can assist manufacturers with most business operations and workforce needs, which includes but is not limited to business continuity planning and supply chain assistance including supplier scouting.

The Foundation for Manufacturing Excellence works side by side with these Centers as the continuing manufacturing education entity providing the latest and most up to date information to these advisors regarding the coronavirus pandemic, how it’s impacting SMMs today, and providing resources to the Centers, SMMs and the public.

Please contact your local MEP Center for additional information, guidance or assistance. We are in this together.

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All Northwest counties are now eligible for disaster loans from the U.S. Small Business Administration.

Small businesses in all Northwest counties are now eligible to apply for low‑interest U.S. Small Business Administration (SBA) Economic Injury Disaster Loans to offset economic losses because of reduced revenues caused by the impact of the COVID-19 pandemic. Check the SBA website for the most updated information.

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GLTAAC helps Rexarc International

Rexarc International, located in West Alexandria, Ohio, is a global leader in manufacturing of acetylene gas plants and related equipment.  Rexarc recently qualified for the Trade Adjustment Assistance for Firms (TAAF) program, with help from the Great Lakes Trade Adjustment Assistance Center (GLTAAC), after losing sales to low-cost foreign producers from India and elsewhere.  Rexarc was able to implement business improvement projects through the TAAF program, which is paying for half of their cost to help the company develop new markets.

 “We are excited to be working with GLTAAC.  The $75,000 of project co-funding they provide is going to help us make improvements we’ve been wanting to make, but were just outside our reach as a small business.  We are thankful to our local contacts at the University of Dayton’s Fastlane, for making us aware of the opportunity and connecting us with GLTAAC,” said Rexarc CEO, Rob Moyer. 

Working through the TAAF program, GLTAAC helps small manufacturers that have been hurt by imports to identify, develop, implement, and pay for business improvement projects designed to increase their global competitiveness. GLTAAC is the sister office of NWTAAC and provides similar assistance to impacted firms.

TAAF

TAAF (Trade Adjustment Assistance for Firms) is the only federal program specifically designed to help companies that have been negatively impacted by imports.

Seattle Business magazine honored 18 pioneering companies and individuals at the tenth annual Washington Manufacturing Awards gala Tuesday night at the Hyatt Regency Lake Washington in Renton. The event attracted business leaders from across the state. “The honorees are companies with outstanding products and innovative processes,” said Leslie Helm, editor of Seattle Business magazine. “They boost their competitiveness through improved manufacturing and effective marketing — and they remind us of the strength and promise of Washington’s manufacturing sector.”

Find the 2019 award winners here:

https://files.constantcontact.com/94f77aab001/7fd73b7a-5fda-42ae-9a37-4e002afdd212.pdf

ABOUT SEATTLE BUSINESS: Seattle Business is an award-winning monthly magazine read by thousands of business executives across the state. It delivers insight into the key people, enterprises and trends that drive business in the Pacific Northwest, providing perspective on the region’s ever-changing economic environment.


Bernston Porter & Co. PLLC., has published their third edition of the BP Pulse, including their 2019 manufacturing distribution survey. David Holbert, Executive Director of the NorthwestTAAC was quoted in the International Landscape section:

“Import competition can arrive suddenly and many companies don’t see it coming,” warns David Holbert of the Northwest Trade Adjustment Assistance Center (NWTAAC). “The span of industries and products that are affected is surprising – import impact is not confined to predictable sectors. When faced with a sudden challenge, for example a 50% price disadvantage, the companies that tend to succeed recognize that something must change in their business. They can’t win by just trying harder. Often this change entails moving toward customization, more responsive service, verifiable quality, or rapid delivery – all areas in which domestic companies have natural advantages.

Such changes are often introduced or facilitated by outside expertise in myriad areas. To demonstrate – between 2005 and 2017 NWTAAC tracked 200 companies averaging $15M in sales. They all had had declines in sales and employment – often steep. They all fought back in the manner described above. Aggregate results for those companies showing an 8.9% per annum sales increase for the several years following the introduction of a plan for change focused on outside expertise. This is a strong endorsement of the idea that with better knowledge, targeting, and tools, domestic companies can overcome the significant challenges of import competition.”

Idaho Export Excellence is recruiting for Fall 2017

The Idaho District Export Council (IDEC) is currently looking for six companies to participate in Export Excellence in fall 2017.

If you are an exporter who would like to develop a proactive process for accelerating your most profitable exports, the Idaho District Export Council (DEC) will recruit six companies to participate in Export Excellence 2017.

This program will pair your company with a Boise State University International Business student and a coach from IDEC. Over the course of three months, your team will create an Export Action Plan to help accelerate profitable export growth for your company. These plans will then be presented to the IDEC, who will give further advice on implementation.

Meeting dates for the program are:
September 7 & 21
October 19
November 16

If you are interested in applying, click here or contact Jennifer Verdon at (208) 287-3165.

The Export Voucher program, supported by a State Trade Expansion Program grant from the U.S. Small Business Administration, starts its fifth year next month helping small businesses launch or expand their export activities. STEP Grants are available through your State Department of Commerce though more information can be found at
SBA STEP grants.

SOME QUALIFYING EXPORT EXPENSES

The following types of programs and expenses are eligible for an Export Voucher:

 

  • Trade show and trade mission fees, registration, etc.
  • Travel, airfare (U.S. carrier only)
  • Interpreter fees
  • Translation services (website, marketing materials, etc.)
  • Export training programs and services of the U.S. Foreign Commercial Service
  • International Certifications

 

 

Grant funds open to companies that have lost domestic profit
By April Ehrlich — Independent-Enterprise Oct 7, 2015

Payette County companies who have lost business to foreign competitors might be able to get some extra money to make up the loss.

Eligible companies can receive up to $75,000 in matching grant funding from the U.S. Economic Development Administration to pay for improvement projects of their choice. The companies must show the Northwest Trade Adjustment Assistance Center that they have been impacted by low-priced import competition.

“Basically, if you’re a manufacturing or agricultural producer or fishery or service firm, if you could show that you have lost business because of imports, you qualify for funding assistance through this program,” Patrick Meuleman, the center’s director of marketing, said.

The funds apply to all types of businesses, though it’s typically easier to prove a manufacturer’s eligibility for the program, Meuleman said. For this reason, most of the program’s clients are manufacturing companies.

“Generally speaking, it’s a lot easier to help a manufacturing company because we can tie a specific product to the activity,” he said. “If you’re a software company and you’re like, ‘This customer decided to use me and went overseas,’ that’s harder to quantify.”

Meuleman’s job is to help a company determine its eligibility. He assesses the company’s situation, and walks through all the steps of the program. He finds out how the company plans to use the funds, since they need to go to a specific improvement project as opposed to everyday financing.

This is not a competitive grant, Meuleman said. That means it does not apply to a certain number of companies. All eligible and interested companies will participate.

“It’s a program where if you’re eligible, you’re in,” he said.

Meuleman has worked with several Payette County businesses in the last few years. One is based in Fruitland and just recently received its final payment. That company chose not to disclose its name publicly.

Although the program has helped mostly manufacturers in the past, Snake River Economic Development executive director Kit Kamo said anyone who is interested might as well call the center.

“The manufacturing term they use very loosely,” she said. “If I were to say anything to employers in the Payette County area, it would be to go ahead and check into it to see if their company might qualify.”

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