NC State Industry Expansion Solutions (IES), along with the NC Department of Military and Veterans Affairs (NCDMVA), is looking for companies to participate in the implementation phase of the North Carolina Defense Industry Diversification Initiative (NC DIDI), anticipated to begin sometime in November 2018. This follows an earlier, successful commercialization pilot project that resulted in the state’s first defense industry supply chain study and participation of ten North Carolina defense businesses at the state level.
The program, funded through a grant awarded by the United States Department of Defense Office of Economic Adjustment, seeks to ensure the defense supply chain remains robust so it is able to quickly absorb sudden high demands from Department of Defense agencies.
The implementation phase will assist 20 small and medium-sized businesses that have been in business for at least three years, employ between 20-300 people, have received significant revenue from DoD contracts or subcontracts in the past, and have recently experienced a loss or future loss due to reduced DoD expenditures.
The initiative is designed to assist aerospace-related businesses to grow and diversify into alternative markets. If selected to participate, IES will conduct a CoreValue Assessment and strategic analysis on your business and then support your organization with management and business productivity training programs to enable your business to grow and diversify.
During the past three years, the company (an independent company or wholly owned subsidiary with headquarters in NC) has experienced the following events:
- Seen a decline in company revenue by 5% or more due to reduction of DoD contracts
- Seen a decline in average employment by 5% due to reduction of DoD contracts
Contact your local IES Regional Manager.