Posted on 07/14/2017 6:09:44 PM PDT by mdittmar
USDA Rural Business Development Grant Will Upgrade Sherrill’s Technology, Increasing Productivity And Production
Schumer: This Funding Will Help Sherrill Cut Up The Competition
U.S. Senate Minority Leader Charles E. Schumer today announced, $88,500 in federal funding for Sherrill Manufacturing Inc. The funding was allocated through the United States Department of Agriculture’s (USDA) Rural Business Development Grant program. The grant will assist Sherrill Manufacturing Inc.’s plans for growth in its flatware manufacturing operations. Senator Schumer urged USDA officials to award the funding to Sherrill back in May.
“This grant will help Sherrill Manufacturing maintain its presence as America's only flatware-maker and continue its contribution to Central New York's economy” said Senator Schumer. “I am pleased that Sherrill, the last flatware company in the country, will be receiving these critical funds to expand its operations. I will continue to work hand-in-hand with the company so that their 'Made In The USA' products are used all over the country.”
Mohawk Valley EDGE will administer the award, which will greatly assist Sherrill Inc.’s plans for growth in its flatware manufacturing operations. As part of its investment, Sherrill will be rebuilding one of its 700-ton forge presses, and purchasing a vintage set of knife grinding machines that have been rebuilt and upgraded with modern capabilities. Furthermore, this funding will provide the company with the necessary savings needed to fund production and prepare for long-term capital needs, as well as provide a cost-effective manner for the company to upgrade from outdated technology. Schumer said these technology upgrades will lead to increased productivity and efficiency, which will provide increased revenue and additional local employment.
Sherrill Manufacturing, Inc., located in Sherrill, NY, is the only flatware manufacturer in the United States, and has built significant sales on its ‘Made in USA’ branding, quality manufacturing and internet sales based business model. The company began as an attempt to resurrect flatware manufacturing in Sherrill when Oneida Ltd, the facility’s former owner, left Central New York for Mexico and the Far East.
Schumer has always been a strong advocate for Central New York’s manufacturing industry, including companies like Sherrill Manufacturing. Most recently, he sent a letter to the White House Chief Usher urging them to purchase American made flatware from Sherrill Manufacturing. Additionally, Schumer successfully pushed the U.S. General Services Administration (GSA) to remove nearly a dozen companies falsely touting that their products were “USA-made” on government websites. Schumer said this was not only misleading to agencies and other customers looking to buy from companies producing American-made goods, but it threatened to put companies like Sherrill at a competitive disadvantage.
Well, spoon feeding these industries
sticks a knife into the taxpayers
and I say fork that.
$88,500 in federal funding;)
Wow!
$88K
That’s like a really small CNC or maybe the net payroll costs for a janitor.
Who the Fk are you kidding Chuckie? Upstate NY is an extension of Appalachia. You and your buddies in the State government have decimated what was once a manufacturing powerhouse. Now the only jobs are in the state run universities (there are about 20 of them) or in the jail system.
New York has gone to hell and $88k is a big deal now
The state spent megabucks advertising for suckers and one got chickenfeed
Seems chuck can’t deliver the gravy like harry reid did.
Socialism.
Who voted for this?
interesting...
Instead of government cronies handing out federal money to companies they “like” ... why not just lower business taxes?
Over 20 years ago, a business consulting pal won a gig advising NYS how to attract business, public-private partnerships, etc. He was really gong-ho to apply his business knowledge and really re-ignite NYS.
Having grown up there through age 14 and having paid attention to the adults, I knew it was a fool’s errand. Some things like Illinois and New York simply cannot change.
Cost to apply for grant: $10,000
Cost to govt to review grant proposals and make awards (per proposal): $20,000
Cost to company to fill in the gazillion forms showing the government you have the “right” employee mix: $20,000
Cost to govt to review and file all that crapola: $20,000
Cost to company when govt accuses them of not hiring enough left handed, twelve toed Hispanic lesbians: $100,000
Cost to company to hire specialist law team to extricate themselves from the aforesaid endless mess: $300,000
Net drag on economy: $500,000
[Who the Fk are you kidding Chuckie? Upstate NY is an extension of Appalachia. You and your buddies in the State government have decimated what was once a manufacturing powerhouse. Now the only jobs are in the state run universities (there are about 20 of them) or in the jail system.]
The fracking ban consigned upstate to permanent tobacco road status.
'Nuff said...
Buying votes.
you forgot to add in all the kickbacks to the politicians
Chuckie bringing home the big bacon
Dang, you’re right. I should have known better, too. I worked for a startup tech company once. We had great technology and sought federal R&D money to convert it to military applications. Our CEO made a number,of “campaign contributions” to help our case...and we won some great awards.
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