For several months, Catalyst Connection has been promoting the ARC Power Mini-grant Program as an excellent funding opportunity for manufacturing companies who qualify. I am happy to report that ten mini-grants adding up to $50,000 have already been awarded to local companies for improvement projects with total investment of more than $150,000. These projects are expected to have millions of dollars of impact into the community with increased sales, productivity and new jobs.
The best news is that there is still money available for more mini-grants but manufacturers need to act quickly! Projects must be completed and billed by December 31, 2017. If you are a manufacturer, click this link http://www.catalystconnection.org/arc-power-mini-grant-program/ to learn more about the program and complete a survey that determine if you are a good fit.
The ARC Power Mini-grant Program will be featured on Tech Vibe Radio Friday, August 25th at 7:00 P.M. on KDKA 1020 AM. Tune in!
The ARC Power Mini-grant Program is a grant program funded by the Appalachian Regional Commission, through the Southwestern Pennsylvania Commission, and administered by Catalyst Connection. The Power Mini-grant is designed to assist coal impacted community's response to negative economic factors by diversifying and growing small and medium sized manufacturers through strategic efforts to build capacity, improve efficiencies and demand locally, stimulate job creation, and drive economic impact.
Grant funds are for the implementation of Advanced Manufacturing Technology (AMT). AMT is the use of new process/materials to do things faster, cheaper and with higher quality results. This can include technologies for continuous improvement and leveraging access to high-speed internet to reach new customers or markets, receive orders, collaborate on new designs, share information, track orders, and/or monitor equipment and productivity. Examples of applicable projects:
Based in Pittsburgh, Catalyst Connection is an economic development organization dedicated to helping small manufacturers to improve their competitive performance. Catalyst advisors, consultants, and instructors offer training, consulting and administer financial programs that can provide funding for equipment, machinery, or capital improvements. As a nonprofit 501 (c)3 firm, the organization has been supporting Southwestern Pennsylvania manufacturers for more than 25 years. For more information call 1-888-887-7472 or go to www.catalystconnection.org.