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Manufacturing Resources
State-level
agencies are making excellent resources available to NJ manufacturers.
Find out how your manufacturing company can get low-interest loans,
lower its energy costs and improve its manufacturing operations.
I need to:
1. Make my operations LEAN
2. Train your employees
3. Find employees
4. Finance equipment upgrades/purchases
5. Finance job hires
6. Get a handle on my energy costs
7. Tax Credits for Manufacturers
1. Make My Operations LEAN
The following workshops are being provided by the NJ Manufacturing Extension Program (NJMEP). These workshops are FREE to NJBIA members (a $325 value):
Space is limited to 12 people for each of these full-day workshops (8:30 a.m. – 5:00 p.m.), which will be held at the NJMEP’s Morris Plains office (520 Speedwell Ave., Suite 116). The October 30 Lean Food Production workshop will be held at the Wyndham Mount Laurel
(1111 Route 73 North). Click on the links above to download fax-back registration forms.
The NJMEP is a not-for-profit organization charged with assisting New Jersey’s small and medium-size manufacturers across their entire business, including manufacturing, quality, engineering, human resources, strategy, product development, sales and marketing, and e-business. For more information, call 973-998-9801.
2. Basic Skills Training for Your Employees, 2008-2009
There's still time to get basic skills training for your employees at no charge to your company in:
- English as a second language
- Essential communications skills (written and verbal).
You can also be the first in line for new classes in:
- Basic computer skills
- Basic mathematics and measurement.
The NJ Community College Consortium will coordinate and provide the training thanks to a generous grant from the NJ Department of Labor. Visit www.njbia.org/resources/training for more information.
Contact Bob Rosa now at 609-393-9009 to reserve your class.
- NJ Workforce Training Programs
Centralized information on the State programs available to help your company train its workforce.
- Ask the Experts: Workforce Training Tips
Where can I, as a small business owner, get training to better operate my business? Where can I find help to improve the skills of my employees? Find out in this month’s edition of Ask the Experts, prepared by NJBIA Director of Education Policy Christopher Emigholz.
- Customized Training Grants
609-393-9000
NJBIA members with customized training needs can get help through NJBIA’s partnership with the New Jersey Community College Consortium. State training grants are available to help defray the cost. The Consortium will develop a workforce training program customized to meet your needs. It will even write your grant application at no cost to you as an NJBIA member.
- MidAtlantic Trade Adjustment Assistance Center (MATAAC)
800-566-7522
MATAAC provides financing to NJ manufacturers for management and/or workforce training. Similar to NJ MEP and others, MATAAC provides funding for training programs, but relies upon vendors for the actual training. To find out, see their TAA Program Benefits page.
3. Find Employees
- Department
of Labor & Workforce Development
609-984-3529
- One-Stop
Centers
The Department can help manufacturers recruit and train workers
to become more competitive through its local One-Stop Centers. New
Jersey Department of Labor and Workforce Training can facilitate
the recruitment and training of workers to assist a manufacturer
in becoming more competitive.
4. Finance Equipment Upgrades/Purchases
- New
Jersey Economic Development Authority (EDA)
609-777-4898
The EDA lends directly to manufacturers at below market interest rates and may also guarantee loans made by private lenders like banks. Financing packages may range up to $4 million for qualified manufacturers through the various loan and guarantee programs. The EDA also offers working capital financing to help manufacturers fund operating expenses and inventory needs for up to $1 million.
- Click
here to discover how your company can take advantage of the
EDA's money-saving offers, such as tax exemptions, well-below-market
rate loans and incentive grants for qualifying companies.
- NJ
Department of the Treasury
609-292-7271
- The Small Business Administration (SBA)
973-645-3680
The SBA has a loan program that is very applicable to manufacturers. The SBA's 504/Certified Development Company (CDC) program provides growing businesses with long-term, fixed-rate financing for fixed assets. This financing tool offers several advantages: a lower down payment to acquire the assets, below-market fixed rate financing, longer repayment terms and higher limits for small manufacturers. To learn more about this program, visit the SBA Web site or contact James A. Kocsi, District Director for the SBA.
5. Finance Job Hires
6. Get a Handle on My Energy Costs
- Protect Yourself from Rising Energy Costs
Member companies whose monthly electricity bills are at least $3,000 can lock in pricing and protect themselves
against the volatility of an unpredictable energy market.
- New
Jersey Program for Manufacturing Excellence
732-445-5540
The New
Jersey Program for Manufacturing Excellence (NJME) of Rutgers
University is committed to improving the awareness and practice
of pollution prevention, energy efficiency, productivity enhancement,
and waste minimization. The group provides professional assistance
to manufacturers – with an emphasis on small- to medium-sized
businesses with relatively large energy and waste expenses. This
service is provided at no cost to the business.
- Energy Shopping Guide
A brochure to help guide you through the energy shopping process, from identifying qualified third-party suppliers... to asking the right questions... to make the right decisions.
7. Tax Credits for Businesses
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