December 2022 — 3 Quick Items

1. $20 Million NJ Manufacturing Voucher Program.

New Jersey Economic Development Authority (NJEDA) announced it is now accepting pre-qualification applications for the New Jersey Manufacturing Voucher Program (NJMVP). The new $20 million program will provide grants to help Garden State manufacturers purchase equipment to improve their operations and efficiency.

The grants are valued at 30% to 50% of the cost of eligible equipment, up to a maximum award amount of $250,000. Complete eligibility criteria and application details can be found HERE.

Pre-qualification applications, which will remain open until Dec. 22 at 11:59 p.m., will be reviewed on a rolling basis – not first-come, first-served.

2. Annual Meeting, part 1
The annual meeting of the NTMA-NJPA included six presidents. Pictured from left: John Shegda (KMM Group), incoming Chapter President Patrick Cero (Cer-Mac, Inc.) Bob Gaum (Gaum Inc), immediate Past President John Lohse (Betar, Inc.) and Ted Toth (Rosenberger North America). Not pictured: Bill Wilke (Mid’lantic Precision Inc.).
3. Annual Meeting, part 2
Keynote speaker at NJPA’s Annual Meeting was Omar Nashashibi, NTMA’s lobbyist in D.C. A great rundown of impacts of the midterms, and upcoming regulatory and taxation issues facing the tooling, machining and manufacturing industries. Thanks to our program sponsors, Phillips Machine Tools and Federated Insurance.