WILLIAMSPORT - IMC will present two workshops for business owners this month.
A workshop on funding sources available for manufacturers will take place at 8:30 a.m. on Feb. 16.
This workshiop will help businesses that have experienced a decline in volume and employee hours as a result of foreign competition. Companies can qualify for a grant of up to $75,000 to help improve their competitiveness.
IMC is hosting this event to educate businesses on how MATACC - MidAtlantic Trade Adjustment Assistance Center - can provide federal grants to manufacturers that have lost revenue to foreign competition.
Bill Bujalos, MATAAC director, will explain how this grant can provide a company up to $75,000 to use for the services of outside experts selected by the company that will work directly with the company on projects specific to the company's needs.
The MidAtlantic Trade Adjustment Assistance Center has been chartered by the U.S. Department of Commerce/EDA with the responsibility for the administration of Trade Adjustment Assistance federal grant funds to mid-Atlantic businesses for the purpose of upgrading their global competitiveness.
Also, IMC will present a workshop on valuing a business from start up to succession at 8 a.m. on Feb. 29.
In this market of challenged credit markets, business owners should understand what their company is worth, impacts in raising capital and debt, succession planning options and how to continue to enhance value.
Most closely held business owner's wealth is tied to the business. How will they fund their retirement and/or family succession?
Key topics to be covered:
- General valuation concepts
- Valuing minority share interests and whole companies
- Raising capital/debt financing
- Ways to enhance a firm's valuations
- Succession planning options
- Some examples.
Robert J. McCormack, CBI, AIBA, founder and president of Murphy McCormack will be the presenter.
He founded Murphy McCormack after a successful career in financial services. He is the former chief executive officer of SunBank, a regional financial services company. As CEO, he negotiated and implemented numerous acquisitions. With more than 20 years financial experience, McCormack also has extensive financing expertise and access to varied financing sources, a benefit to both buyers and sellers.
Visit www.IMCpa.com to register for the events.