IODD Now Accepting Applications for Defense Industry Adjustment Grant Program

The Indiana Office of Defense Development (IODD) is now accepting applications for the Indiana Defense Industry Adjustment grant program. An IODD release has more:

This grant program, funded by the U.S.Department of Defense (DOD) Office of Economic Adjustment (OEA), assists small and mid-sized companies reduce their dependency on DOD procurement activity by helping them to diversify into new markets. By diversifying their revenue streams, potential cuts or changes in federal defense spending will have less detrimental impact on Indiana-based contractors. The grant helps companies withstand reductions, allowing them to increase economic activity and create jobs in the State of Indiana.

“This is a great opportunity for defense firms in Indiana to diversify their revenue streams and strengthen their business as a whole,” said Brandi Hughes, IODD Director of Operations .

Companies are eligible for up to $50,000 of consulting services in the following four areas: strategic planning, strategic communications, lean product development, and quality certifications. There are no cost requirements for participating companies other than time. Companies must meet the following four requirements to apply:(1) have been in operation in Indiana for a minimum of one year prior to application; (2) have at least one full-time employee; (3) be a defense contractor or subcontractor to a defense contractor; and (4) have experienced a loss of revenue due to reduced DoD expenditures.

IODD has engaged kglobal, a strategic communications firm with extensive OEA grant experience in three other states, to spearhead consulting and diversification efforts under the grant program. kglobal is working in collaboration with several other service providers, four of which are Indiana-based companies; Simon Everett, Indiana Strategic Research Group, Maple Hill Engineering, Mary Romeo and Associates, and QAI.

To inquire about the program, contact Randy DeCleene, kglobal Partner, at randy.decleene@kglobal.com or 202-295-7931.

Gary Jet Center Earns Honor from Department of Defense

Gary Jet Center in Gary has once again been recognized by the U.S. Department of Defense for the company’s support and commitment to its employees who choose to serve their country. Well done!

Employer Support of the Guard and Reserve (ESGR), a Department of Defense agency, announced Gary Jet Center of Gary, Ind., has been selected to receive the 2012 Secretary of Defense Employer Support Freedom Award. Fifteen employers will be honored with this year’s Freedom Award, the DoD’s highest recognition given to employers for exceptional support of Guard and Reserve employees. These recipients distinguished themselves among the 3,236 nominations submitted earlier this year by Guardsmen and Reservists, or family members acting on their behalf.
 
Freedom Award recipients go above and beyond what the law requires of Guard and Reserve employers. Gary Jet Center was nominated by a member of the Air National Guard. The Guardsman reported that Gary Jet Center employs several members of the Guard and Reserve, actively seeks military applicants for new positions, and is involved with the Yellow Ribbon Reintegration Program. Gary Jet Center donates jet fuel for aircrafts carrying injured soldiers home from Walter Reed Medical Center, and military aircrews that land at Gary International Airport are provided free ground transportation and pilot services. The nominator is one of nine employees on the staff of 47 who is either a veteran or is currently serving in the Guard or Reserve.
 
"On behalf of the Secretary of Defense, I thank the 2012 Freedom Award recipients for taking such exceptional care of the Guard and Reserve members they employ," said Assistant Secretary of Defense for Reserve Affairs, Jessica L. Wright. "Our military could not meet today’s national security demands without the Guard and Reserve, who in turn could not provide such dedicated service without the cooperation of their employers at home. These Freedom Award recipients have distinguished themselves nationally for their remarkable efforts, and we greatly appreciate their unwavering support."
 
A selection board comprised of senior DoD officials, business leaders and prior awardees selected the 15 recipients. Since 1996, only 160 employers have received the Freedom Award. The 2012 honorees will be recognized at the 17th annual Secretary of Defense Employer Support Freedom Award Ceremony in Washington, D.C. on September 20th. 

Budget Reflects Changing Times

I’ve seen these federal budget comparisons before, but they prove to be a somewhat fascinating look at how our nation has changed over the past 40-plus years. In this case, Kiplinger breaks down 1968 vs. projected fiscal year 2012. Some of the highlights:

  • Defense was an amazing 46% of the budget in 1968; it’s 19.8% now
  • In 1968, Social Security (13.4%), Medicare (2.3%) and Medicaid (1.1%) totaled less than 17%; today, it’s 20.6%, 13.2% and 7.2%, respectively, for a total of 41%
  • Not part of the picture 43 years ago, but with dollar numbers in the billions now are food stamps (2.2%, $80 billion), housing subsidies (1.6%, $61 billion), low-income tax credit (1.3%, $47 billion), supplemental security income (1.2%, $44 billion), nutrition programs (0.7%, $26 billion) and disaster relief (0.3%, $11 billion)

Maybe the scariest part is putting those billions next to the big-ticket social programs. The message: Something has to be done.

  • Social Security: $767 billion
  • Medicare: $492 billion
  • Medicaid: $269 billion
  • Net interest on debt: $242 billion 

Federal Spending Now … and Then

Discussion of President Obama’s proposed fiscal 2011 budget has focused on several numbers: $3.8 trillion in spending and $1.3 trillion as the deficit.

Much has changed, of course, over the last 40-plus years but look at the share of the total budget for some of the top programs in 2011 compared to 1968 (middle of the Vietnam War and just the beginning of the Medicare program).

Program: Fiscal 2011; Fiscal 1968

Defense: 19.6%; 46%

Social Security: 19.0%; 13.3%

Medicare: 13.0%; 2.6%

Medicaid: 7.8%; 1.1%

Food stamps: 2.0%; 0%

Housing subsidies: 1.7%; 0% 

Supp. Security Income: 1.3%; 0%

Low-income tax credit: 1.2%; 0%

Pick different years and you would undoubtedly find other interesting comparisons.

Dept. of Defense Salutes Indiana Company

Indianapolis-based Perpetual Technologies, Inc. (PTI) takes the “Support Our Troops” credo seriously. 

The information technology company will be honored next month by the Department of Defense with the 2009 Secretary of Defense Employer Support Freedom Award – the highest recognition given by the U.S. government to employers for outstanding support of their employees who serve in the National Guard and Reserve.

Few companies receive this honor – PTI is one of 15 businesses chosen from more than 3,200 nominations. The company was nominated by an employee.

One-tenth of Perpetual Technologies’ workforce consists of Guard and Reserve members or former members. Among benefits offered to employees: differential pay between military pay and PTI salary during deployments; care packages sent to employees deployed overseas; incorporation of families of deployed service members in all company functions; and recognition of military service through public events and displays at company facilities.

The National Committee for Employer Support of the Guard and Reserve (ESGR) established the Freedom Award in 1996.  Read more about ESGR and its Indiana services in a 2007 BizVoice® column.

Perpetual Technologies will be presented the award at a ceremony in Washington, D.C. on September 17.