MTEC is excited to share details about an opportunity available to customers served by NYSEG. The Manufacturing Accelerator Program (MAP) is an economic development program offering grant funding to manufacturing utility customers in NYSEG’s service areas. These grants are intended to support manufacturers looking to implement different kinds of productivity improvement projects, growth initiatives, and other transformative business ventures.
The Manufacturing Accelerator Program provides:
- Matching grants up to the lesser of $15,000 or 40% of the cost incurred by eligible applicants whose top management commits the time and resources to productivity improvement projects such as Lean manufacturing, ISO quality programs, waste reduction, and other programs that lower costs, improve quality, and reduce lead times.
- Matching grants up to the lessor of $15,000 or 50% to fund growth-targeted activities such as new product development, export initiatives, sales and marketing system improvements, and other projects that work to increase revenue.
- Applicants who choose to commit time and resources to both productivity and growth initiatives will be eligible for grants up to 40,000 or 60% (whichever is less) of the cost incurred to implement such transformative programs.
To be eligible for the program, projects must accomplish one or more of the following:
- Optimize the current facility
- Increase machine effectiveness
- Improve product quality
- Reduce costs & process waste
- Reduce lead times
- Improve on-time delivery
- Optimize front end processes
- Improve process flow
- Increase inventory turns
- Expand markets and market share
- Find and develop new customers
- Develop new products
- Reduce customer returns
- Improve customer satisfaction
This is a wonderful opportunity for any manufacturers who are working to secure their long-term future. For more information on eligibility and the possible projects involved contact:
Phyllis Levine at phyllis.levine@hvtdc.org
or (845) 391-8214 ext.3001