Don’t miss out on this opportunity to learn more about this program and to see if you qualify!
As the Department of Defense (DOD) and the defense industry continues the process of downsizing fiscally and physically, it is certain there will be a corresponding reduction in the number and size of current and future defense contracts awarded to private sector manufacturing firms. Communities local and regional economies will be impacted and national security could be threatened as decreased or cancelled contracts lead to a reduction in workforce and instability in communities and companies that are critical to the defense-manufacturing sector. The States of Michigan, Ohio, and Indiana have significant numbers of defense contractors and will face challenges to keep those firms in operation.
Through their respective manufacturing assistance programs the University of Michigan, Purdue University, and Ohio State University have extensive and successful experience working with small and medium sized manufacturing firms, and have developed the Defense Manufacturing Assistance Program, funded by the Department of Defense, Office of Economic Adjustment. The program plan is to collaborate in providing assistance to identify projects that address critical needs and areas of improvement for communities and companies to help diversify defense contractors by leveraging intellectual property and technology residing in research universities.
The program will offer the following services to eligible companies: Business analysis and planning assistance; Project identification (core strengthening, market diversification, new technology commercialization); Project development, consultant identification, and new technology identification; Project funding assistance (co-funded up to 50%).
- Small to Medium-sized supplier to the defense industry
- 5% decrease in Sales, Production or Employment due to reduction in Defense contracts (or imminent threat of reduction in the immediate future)
- Data on sales, production and employment must be current as of the immediate past 24 months for losses, and in the case of imminent threat, for the immediate future 24 months
- Top Management dedicated to strengthening the company and re-growing the business
- Ability to provide matching project funds (up to $25,000 funding available for selected companies)
- Willingness to work with outside service providers
Event Date: January 22, 2015
Time: 10am – 12pm
Macomb Community College, Center Campus
44575 Garfield Rd
Clinton Twp., MI
No fee to attend!