# BONUS: Understanding the Employee Retention Credit (ERC) for Manufacturers

- Show: [Manufacturing Happy Hour](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour)
- Published: 2022-03-25
- Length: 13m
- Page: https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2022-03-25-bonus-understanding-the-employee-retention-credit-erc-for-manufacturers
- Listen: https://manufacturinghappyhour.com/erc

## Summary

Josh Fox, CEO of Bottom Line Concepts, explains the Employee Retention Credit (ERC) to manufacturers, clarifying that companies receiving PPP funds can also claim ERC due to rule changes in 2021. He details qualification criteria based on employee count and operational changes like supply chain disruptions or layout modifications, noting that 80% of potential clients are unaware they qualify. Fox highlights the financial impact, estimating savings of $8,000 to $10,000 per employee, which can amount to millions for mid-sized firms, and urges manufacturers to act quickly despite IRS processing delays.

## Chapters

- [0:41](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2022-03-25-bonus-understanding-the-employee-retention-credit-erc-for-manufacturers#t=41) Introduction to ERC and PPP Relationship
- [3:12](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2022-03-25-bonus-understanding-the-employee-retention-credit-erc-for-manufacturers#t=192) ERC Qualification Criteria for Manufacturers
- [5:51](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2022-03-25-bonus-understanding-the-employee-retention-credit-erc-for-manufacturers#t=351) Financial Value and Impact of ERC
- [7:19](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2022-03-25-bonus-understanding-the-employee-retention-credit-erc-for-manufacturers#t=439) Timeline, IRS Delays, and Client Stories
- [10:09](https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2022-03-25-bonus-understanding-the-employee-retention-credit-erc-for-manufacturers#t=609) Conclusion and Contact Information

## Topics

- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Policy, trade & tariffs](https://hardwarepodcasts.com/topic/policy-trade-and-tariffs)

## Most relevant to

early-stage companies

## Mentioned

- Bottom Line Concepts (company)
- PPP (other)
- IRS (other)

## Related episodes from other shows

- [The Benefits of an Employee-Ownership Culture w/ Brian Baker](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2024-06-25-the-benefits-of-an-employee-ownership-culture-w-brian-baker) (The Manufacturing Executive)
- [Defunding of the MEPs and How YOU Can Help Stop It: A Special Episode](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2025-04-29-defunding-of-the-meps-and-how-you-can-help-stop-it-a-special-episode) (The Manufacturing Executive)
- [Tax Credits and Incentives for Manufacturing Workforce Development w/ Leslie Boyd](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2023-09-12-tax-credits-and-incentives-for-manufacturing-workforce-development-w-leslie-boyd) (The Manufacturing Executive)
- [The Quiet Cut That's Loudly Threatening Small Manufacturing](https://hardwarepodcasts.com/podcast/lights-out/2025-04-19-the-quiet-cut-thats-loudly-threatening-small-manufacturing) (Lights Out)
- [The Real Threat to Tribal Knowledge Isn't Just Retirement w/ Jamie Marzilli](https://hardwarepodcasts.com/podcast/the-manufacturing-executive/2026-06-30-the-real-threat-to-tribal-knowledge-isnt-just-retirement-w-jamie-marzilli) (The Manufacturing Executive)

## Citing this page

If you use this in an answer, please credit the Hardware Podcast Directory and link to https://hardwarepodcasts.com/podcast/manufacturing-happy-hour/2022-03-25-bonus-understanding-the-employee-retention-credit-erc-for-manufacturers. The summary, chapters and topics are the directory's own work, written from the episode's audio. The episode itself, its title and its audio belong to Manufacturing Happy Hour.