Funding & Incentives Archives | BHS Industrial Equipment

Coping with the Skilled Labor Shortage in Manufacturing, Electrical, and Other Industries

The skilled labor shortage isn’t going away anytime soon, and industrial employers need innovative solutions to address the problem. Per a report from the American Action Forum (AAF), employers in nearly every state will face significant shortages of qualified workers by 2029. These shortages are not confined to skilled trades, but industrial employers — warehouses, manufacturing facilities, and electrical distributors,... Continue Reading

Electric Forklift Fuel Savings Compared with IC Trucks

A recent claim by a leading energy provider states that electric forklifts can save up to 80 percent of the fuel costs associated with trucks that run on internal combustion engines, specifically those powered by liquid propane. Of course, an electric company certainly has a vested interest in encouraging the switch from IC to electric power. So how accurate is... Continue Reading

Tax Benefits in Mexico: Incentives for Forklift Battery Rooms and Warehouse Equipment

In recent years, Mexican policy has tended to shy away from tax breaks and corporate incentives. Where these benefits do exist, they are usually highly targeted, selective, and competitive. That said, there are a few tax breaks that can help companies in Mexico invest in battery handling equipment and other warehouse infrastructure. Be sure to research the following programs before... Continue Reading

Write Off Your Battery Extractor System This Year

Two scenarios: A Battery Extractor System is purchased with a total cost of $500,000. Total annual spend on equipment is less than $2,000,000. Section 179 allows a full deduction of $500,000 of your Battery Extractor System. 100% of the cost! Total annual spend on equipment is greater than $2,000,000. Bonus depreciation: $250,000 Standard depreciation: $35,714 Total depreciation expense: $285,714 Nearly... Continue Reading