Ops21 Grant Key Impacts:
- $1.5M in new sales
- Nearly 10 jobs created (9.5 FTEs)
- Substantial cost reductions – examples include a 19-37% decrease in inventory at one manufacturer, and $145K cost savings at another
- Increased efficiencies – examples include a 300% increase in data storage and a 125% increase in data processing speed across one manufacturer’s operations; as well as reductions in production and testing times for given operations varying from 20 to 80% for several manufacturers
These impacts are a result of the grants issued via the Ops21 grant program that ITAC ran for the New York City Economic Development Corporation (NYCEDC). A grant funds only a portion of the project cost, as we believe strongly that each company must have a financial stake in their project.