Grant Funding Opportunities
Our grant partners are critical to our clients’ success. Without this support, many clients would struggle to find the resources to fund important projects that help manufacturers transform their businesses and achieve their growth objectives. Grant funding can help small to mid-sized manufacturers reinvent themselves, increase profits, create jobs, and establish a foundation for long-term business growth and productivity.
In support of New York State manufacturers, grant funding is accessible across a wide variety of funding sources to offset significant project costs. Funding and assistance are available from government (local, state, and federal), as well as a variety of private sector sources.
A significant percentage of our clients receive some form of grant assistance and a high percentage of those grant proposals are approved. It’s important to note that a majority of the secured grants are not dependent on job head count goals.
It is challenging to understand this diverse and sometimes confusing landscape. TDO is knowledgeable of the organizations and resources available for support, and will connect you with the right people and assist throughout the process.
MEP Specific Funding Source
National Grid’s Manufacturing Productivity Program
The Manufacturing Productivity Program (MPP) provides matching grants of up to $15,000 or 40% (whichever is less) of the costs incurred by eligible applicants whose top management commits the time and resources to “lean manufacturing” projects or manufacturing assistance project that result in eliminating waste and increasing productivity on the “shop floor” and in the office.
Further the program provides matching grants of up to $15,000 or 50% (whichever is less) of the costs incurred by eligible applicants whose top management commits the time and resources to growth-targeted activities that will result in greater utilization of manufacturing capacity.
Finally, the program provides matching grants of up to $40,000 or 60% (whichever is less) of the costs incurred by eligible applicants whose top management commits the time and resources to projects that combine and coordinate the productivity and growth activities described above.
Manufacturing employs over 550,000 New Yorkers and contributes $61 billion annually to New York State’s GDP. Every manufacturing job creates more than 2.5 related jobs in other sectors, and every dollar spent generates an additional $1.37 in economic activity. Small and medium sized manufacturers are challenged by high-costs and regulatory pressures.
Other Available Funding Sources
- Trade Adjustment Assistance Center
- Empire State Development
- Workforce Development Institute
- Pollution Prevention Institute
Each grant application process is different, let TDO help you navigate through the process. Contact us today.
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