Invest in Our Economy January-March 2021 Invest in Our Economy January-March 2021 | Page 3

Engineering Success at Polycoat Products

Polycoat Products is a manufacturer and provider of Polyurea Polyurethane coatings and elastomers . It is a family-owned business whose United Statesbased owners have been in the chemical manufacturing industry for nearly 40 years and control several other independent companies . The company has six manufacturing facilities with locations in California , Texas , and Illinois totaling nearly 1,000,000 square feet of manufacturing , office , and warehousing space .
Polycoat Products ’ group of companies is recognized as one of the largest independent polyurethane , polyurea , and other specialty products system houses in the world . “ This substantial volume affords strategic advantages , including economies of scale and key partnerships with large , reputable raw material suppliers across the globe . As a result , Polycoat can offer the most competitive prices for all it offers ,” said Dr . Anjula Gupta , Owner . The partner companies manufacture hundreds of formulations comprising a whole spectrum of polyurethane , polyurea , polyaspartic , epoxy , acrylic , and silicone products serving the needs of residential , commercial , institutional , infrastructure and industrial markets . Polycoat Products ’ customer list extends from Fortune 500 companies to national and international distributors . The company also provides private labels and toll blends formulations and is often approached because of its chemical and manufacturing expertise .
“ At its core , Polycoat Products is a chemical R & D company owned and operated by chemists . Quality chemistry and consistent manufacturing of quality products drive its business , reputation , and sales ,” said Dr . Gupta . This starts with nearly 40 top-tier chemical engineers and chemists that work out of dedicated laboratories at every one of its manufacturing facilities to develop industryleading chemistry and formulations .
Polycoat Products decided to invest in the local business community and has recently begun manufacturing from a newly commissioned state-of-the-art plant within a 200,000 square foot manufacturing and warehousing facility in Arlington .
Polycoat Products had a profitable year in 2020 despite the COVID-19 pandemic and supported all employees even during reduced operations and formidable lockdowns . Polycoat Products continues to be a responsible Arlington business , supporting the local economy and employees . Currently , the Arlington facility has nearly 60 full-time staff employees .

AMERICAN RESCUE PLAN ACT SET TO HELP RESTAURANTS

On March 11 , 2021 , President Biden signed into law the American Rescue Plan Act , a $ 1.9 trillion coronavirus relief bill that will fund a new grant to help restaurants , the Restaurant Revitalization Fund ( RRF ). This new $ 28.6 billion grant program will specifically target hard-hit restaurants and bars , with restaurants able to apply for grants based on lost gross revenue between 2019 and 2020 . The maximum grant size will be $ 5 million for restaurants and $ 10 million for restaurant groups .
According to the U . S . Chamber of Commerce , the vast majority of American restaurants and bars will be able to apply for these grants with the bill explicitly calling out these types of establishments : “ restaurant , food stand , food truck , food cart , caterer , saloon , inn , tavern , bar , lounge , brewpub , tasting room , taproom , licensed facility or premise of a beverage alcohol producer where the public may taste , sample , or purchase products .”
Those not eligible for the grants include any state- or localgovernment-owned entities or owners who own more than 20 restaurants . However , most franchise operators will be eligible .
To learn more about the RRF , RestaurantsAct . com offers several in-depth resources .