Excellent program - huge benefit!
Arkansas Manufacturing Solutions (AMS), part of the MEP National Network™, developed and assisted with implementing financial procedures and software. AMS also developed a financial project supported by an operating plan that allowed Rosewood manage the growth by acquiring and appropriately deploying capital. The issues Rosewood Classic Coach faced in growing production and creating a financial infrastructure to manage that growth.
First, Manufacturing Solutions helped Rosewood complete a Technology Transfer Assistance Grant (TTAG) to Develop a Financial System. The financial model would include capital, revenues, expenses, financing options, and more. Dextera Corporation, a leading provider of program management for records, document, quality assurance, and industrial facilities management, worked with Rosewood to develop the model.
To address the second situation, Rosewood applied for another TTAG for a Financial and operational plan to significantly increase production capacity and reduce the back-order time. Manufacturing Solutions and Dextera helped Rosewood acquire the tools and capital for high-growth specialty vehicle manufacturing. With an infusion of capital and increased investment in the operations, Rosewood Classic Coach is well on the way on the road to growth.