Recent Headlines of Interest


Regional Center for Business in Transition Now Active

The Center for Business in Transition addresses the loss of North Country businesses by providing matchmaking services with potential buyers, access to planning tools, and connection with existing services. If you are an entrepreneur looking for a new business, or you own a business that is planning for succession, the Center has resources for you. Watch for their monthly informational meetings beginning in April as well. More information at this link.

 

High School Manufactures Careers

The Manufacturing Report recently covered a high school in Indiana that has its own maufacturing facility. Over the course of three years Owl Manufacturing has grown to have 42 staff members and works to develop an understanding of the broad range of career possibilities there are in manufacturing. The podcast is available at this link.

 

Hiring a Consultant: Advantages and Considerations

Hiring a consultant is less expensive than hiring an employee, but there are other considerations as well. California's MEP center has laid out some things to think about at this link.

 

Overcoming Data Overload Important for Growth

The enormous amount of data provided by just about every aspect of every production process at first seems like a miracle that will solve every manufacturing problem, but quickly becomes overwhelming and tedious and seems like a complete waste of time and energy. There are ways to ensure that the data you get is the data you need. Read about it at this link.

 

Cyber Security Resources Available

We know that cybersecurity is not your highest priority, but the average cost of a data breach for small companies in 2018 was $38,000. Here are some resources to make sure you have safe practices.

 

To evaluate the level of cyber risk to your business, you can use the self-assessment tool at this link.

 

Up to $3,000 is available to manufacturers to have cybersecurity assessments or to implement cybersecurity measures to meet NIST SP-800-171 standards. This funding is only available through March 2019, so reach out now if you are interested. (Email Aviva Gold; gold@citec.org.)

 

If you company is a DoD supplier, additional funding is available to ensure compliance with the NIST SP 800-171 standard by September 30, 2019. This grant can cover up to 90 percent project funding for assessments and implementation to meet the standards. Details at this link.

 

Workforce and Lean Top 2018 Concerns

Finding workers with the right technical skills and adopting lean manufacturing were the top concerns in 2018 for manufacturers in Georgia. We find the North Country challenges are similar. More about the study at this link.

 

New R&D Tax Credit for Life Sciences

New York State has a new refundable tax credit available to businesses in life science industries including biotechnology, biomedical engineering, academic medical centers, chemistry technology, genomics, image analysis, medical devices, natural product pharmaceuticals proteomics, veterinary science and more. There is only $10 million available statewide, so it is important to make your claim early. If you think your business may be eligible, give us a call and we can help you determine if you qualify. Aviva Gold; 315-268-3778 x23; gold@citec.org

 

Sexual Harassment Policy and Training Now Mandatory in NYS

NYS has passed new laws aimed at combating sexual harassment in the workplace. These laws apply to employers of all sizes, even those with only one employee.

 

By October 9 every employer in the state must have a written sexual harassment prevention policy in place. The DoL is in the process of finalizing a model policy that companies can use, or they can write their own, more comprehensive, policy if they choose.

Employers are also required to provide interactive sexual harassment prevention training to all employees on an annual basis, to be completed by January 1, 2019.

 

The details of the requirements are still being ironed out, but as soon as they are finalized, CITEC will be able to help you ensure your company is compliant.

 

Contact Steve Lockwood: lockwood@citec.org or 315-777-0556 or

Sharon Van Auken: vanuaken@citec.or or 518-907-4481

 

 

About CITEC

CITEC is a not-for-profit business consulting organization driven by a mission to help the small- and medium-sized enterprises in northern New York to thrive. The depth of our consulting team's expertise and an unbeatable nationwide network of resources will deliver the impacts your business needs to grow strategically, improve profitability, and create the competitive advantages you need.

We have proven results. Our clients are surveyed by an independent third party upon project completion and have reported amazing impacts to their businesses because of our assistance. On average, working with CITEC provides a return of $71 for every $1 of project cost.

 

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  • Phone:
    315.268.3778
  • Email:
    solutions@citec.org
  • Address:
    CITEC Inc.
    Box 8561 Clarkson University
    Potsdam, New York 13699-8561