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Need Funding Assistance for Quality Management Systems Consulting and Training? Public Programs are Available to Help You! Companies of all sizes can benefit from a variety of local, state and federal funding assistance programs to improve their quality management systems and upgrade employee skills. This broad definition covers ISO, Six Sigma, Lean, change management, leadership and basic skills training. Some of these programs offer matching funds while others provide tax credits. A few even bestow outright grants. However, gaining access to—and understanding—these funding programs can be a daunting task. That's why it pays to select a management consulting firm that knows how to navigate these often bewildering waters. A Multitude of Funding Programs are Available to U.S. Companies Funding assistance programs are designed to cover everything from maintaining high employment in local areas, to helping American companies combat foreign competition. Some state programs are even designed to counter out-of-state challenges by domestic competitors. Most programs offer financial assistance to upgrade employee skills and operating efficiency through training. Typical Qualifying Criteria for Funding Assistance Although most funding assistance programs are aimed at domestic manufacturers, financial help is also available for other industries that are facing foreign competition. It is recognized that ISO, Six Sigma, Lean Manufacturing, change management and leadership training are key elements in continuous improvement, and streamlining key business processes. Since these disciplines yield results that strengthen domestic businesses, they are favored by many funding assistance programs. Situations that typically qualify for some form of funding assistance include:
An extensive array of funding programs is available to most types of businesses and manufacturers in particular. Taking advantage of these can significantly reduce—or even cover the complete cost for a company—to provide quality management systems training for its employees. Examples of Nationwide Programs
Under certain circumstances, other federal agencies also provide funding for employee training and skills upgrading. The Environmental Protection Agency and Commerce Department are just two examples. Examples of State Programs
Local County and City Programs Abound Too! Acquiring Funding Assistance for ISO and Other Training Requires Expertise The typical steps in pursuing financial assistance are to:
Actual levels of funding assistance depend on the program. For example, TAA will share up to 50 percent of the cost for services that improve a manufacturer's competitive position. TAA pays for half of the cost of these services, up to $150,000 in projects, with a maximum TAA share of $75,000. On the other hand, the California ETP program funds companies 100 percent of monies spent for qualified employee training. Also, New Jersey offers a $22,000 ISO grant (regardless of company size), and customized training grants of up to $1,000 per person trained. The main obstacle for companies seeking funding assistance is a lack of familiarity with funding programs and the qualifying criteria. Finding the right program—and then preparing a funding proposal in the proper format—takes expertise that is outside the mainstream of most companies. Administering approved funding and complying with program regulations are also proficiencies lacking in many businesses. It Pays to Align your Company with a Knowledgeable Consulting Firm Performing a comprehensive training needs analysis, finding the best funding program, navigating intricate paperwork and helping clients satisfy qualifying criteria requires seasoned expertise. Selecting a consulting firm that has a successful track record also gives clients confidence to proceed with training or other quality management projects, knowing that their funding proposal will likely be approved. Experienced management consulting firms keep abreast of changing regulations and trends. They know how to expedite proposals, and overcome bureaucracy to successfully secure funding. And they issue status reports along the way, so that their clients are fully informed. Moreover, knowledgeable management consulting firms are proactive in advising their clients of funding opportunities and how these can be leveraged. If a company is interested in getting financial help, it pays to partner with a consulting firm that has a successful track record in obtaining funding assistance. For example, Change Management Consulting, Inc. (CMC) is approved at local, state and federal levels. It has never had a funding application denied. Over the years, CMC has helped countless clients find the best grants and reimbursement programs to address a variety of training and management consulting needs. CMC even offers clients a funding guarantee for selected financial assistance programs. More established management consulting firms, like CMC, have strategic relationships with dedicated resources that perform funding program management for their clients. This relieves them of this administrative burden. These assets closely monitor a client's compliance with the funding program's regulations. They efficiently manage data entry, tracking, reporting and invoicing. Knowing the ropes, they help clients maintain positive cash flows by expediting the release of program funds. About the Author Stanley Cherkasky |