Section 179 signed into law: tax break for buying equipment

32420632_sAccording to the Machinery Dealers National Association, on Friday, Dec. 18, President Obama signed the $1.8 Spending and Tax Bill into law.  Earlier on Friday, the Senate gave final congressional approval to the bill, which includes nearly $700 billion in tax breaks.

The new permanent Section 179 expensing limit allows a business to take a current year deduction of the full purchase amount up to $500,000 for assets under $2 million.

Example Savings*

Original Equipment Cost:                  $500,000

New Potential Tax Savings:               $175,000

Final Equipment Cost:                       $325,000

Cash Savings on

Equipment Purchase:                        $175,000

*Assuming a 35% tax qualifying purchase

This information does not constitute tax advice, please check with your tax advisor on how this applies to your business.

HGR’s Austin, Texas, call center relocated

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HGR Industrial Surplus spent months searching for the perfect place for our call center in Austin, Texas. After finding the best location for employees and visitors, the company renovated the space to suit its needs. Last week, employees relocated from downtown Austin at 210 Barton Springs Road and opened shop in North Austin at 1826 Kramer Lane.

At this location, there is free parking, no downtown traffic congestion, and visitors as well as employees can drive up to the front door without a long walk or having to trek through inclement weather conditions.

Our employees in Austin make outgoing calls looking for surplus to buy. It all starts with them!

If you are in the Austin area, pay us a visit!

Alliance for Working Together announces RoboBots 2015-2016 participating schools and sponsors

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It’s official! The 28 teams and their sponsors have been announced for this year’s RoboBots competition to take place on Apr. 30, 2016 at Lakeland Community College. Students will design and build a competition battle robot then go weapon to weapon in a battle cage to see whose robot is the last one rolling.

SCHOOL COMPANY SPONSOR
Andrews Osborne Academy TBD
A-Tech Short Run Machine Products, Fargo Machine
Auburn Career Center USM Precision Products
Beaumont High School Christopher Tool
Cleveland Heights High School Nottingham Spirk, Talan Products
Cornerstone Christian Academy Ohio Ordnance Works, Inc.
East Community Learning Center (Akron Public School)  TBD
Euclid High School HGR Industrial Surplus, SC Industries
Four Cities Educational Compact Sattler Company
Four Cities Educational Compact Flohr Machine Co
Harvey High School Avery Dennison
iSTEM ECHS TBD
Kirtland High School US Endoscopy
Lake Catholic Heisler Tool/Precision Machining Institute
Lake Shore Compact Suburban Manufacturing
Madison HS  (the Streaker) Torque Transmission
Madison HS (Dreadnaught) South Shore Controls
Maplewood Career Center Allen Aircraft
Max Hayes (will have multiple teams – TBD) (multiple sponsors – TBD)
Mentor High School Libra Industries
North High School Spence Technologies
Perry High School Jergens, Inc.
Polaris Career Center Criterion Tool & Die
Rittman High School TBD
Riverside High School Fredon Corporation
VASJ High School Heisler Tool/Precision Machining Institute
West Geauga High School Burton Industries
Wickliffe High School Universal Metal Products

 

HGR Industrial Surplus is honored to sponsor the Euclid High School team. Bob Torrelli, physics teacher and Science Department chair, says that last year 10 honors physics students signed up to participate on the team after school and on weekends. The project was so successful that the high school decided to sponsor a Robotics Club dedicated to the competition that meets every Thursday at 2:30 p.m. and will be adding a robotics course next year to the science, technology, engineering and math (STEM) curriculum. In addition, 50 students signed up this year and more still are asking to join. The group is so large that it must break up and meet in two separate rooms, one of them being the school’s new STEM room.

To include everyone, Torrelli intends to have 40 of the students work on four Lego robotics kits donated by HGR (20 students per week on alternating Thursdays during Robotics Club) while the 10 team members, including five who are returning from last year’s team, will work on the competition battle robot. To qualify for the team, Torrelli considers attendance, how well the student works with others, how he or she follows instructions, and design and programming skills.

Torrelli’s timeline for the team is to get the design into CAD as soon as is possible, manufacture the rails before Christmas and assemble the robot in January. Some design changes to last year’s battle bot are being considered, including moving the wheels inside the body to protect them, modifications to the weapons and using a stronger metal housing.

Some of these dedicated students recently attended the Nov. 7 Young Astronaut Day at NASA’s Glenn Research Center and placed in the top three in two competitions. The program has events designed to help stimulate an interest in aeronautics, space science and engineering.

The RoboBots competition teaches students about STEM careers and helps to develop the next generation of our skilled workforce.

 

Euclid High School invests in student success

science_alliance444 On Dec. 4, five HGR employees met with Bob Torrelli, Euclid High School physics teacher and Science Department chair, and Angela Terella, Euclid High School principal, to take a tour of the school, including a new science lab and student lounge, and to meet with members of the Robotics Club.

When utilizing the science, technology, engineering and mathematics (STEM) lab, teachers can sign up in a Google document to collaborate and share experiments, plus they discuss what they are working on every Monday in the Science Department’s meeting. On Dec. 4, the day’s experiment consisted of a PH test using litmus paper and cabbage juice, among other liquids, to determine if they are acids or basics. “The Science Alliance Lab” received its name through a student contest, and Jordan Hughes, a Euclid High School student who likes to draw and doodle, created the logo and mural after Torrelli asked her if she would be interested in designing it.

The lab was created to provide comparable data and contribute to student engagement. According to Terella, “They can’t wait to come in and play with this stuff since it’s hands on with more application, and it sticks in their heads.” Torrelli adds, “The lab teaches students not to fear science but to dive in and partake in it.”

Panther Achievement Den (PAD) is another space created to encourage and reward student success. Qualifying students receive a “Golden ID” pass for meeting academic (3.0 GPA) and attendance goals, while avoiding disciplinary issues. Students can relax in the lounge at lunch in comfortable chairs and booths or play foosball. Of the student body of more than 2,000, about 300 students qualified this academic year for a Golden ID.

Approximately 10 members of the Robotics Club met with the HGR team to discuss their goals and their understanding of the manufacturing industry. Keith Bell, Euclid City Schools’ superintendent, was on hand to thank HGR for supporting the school and to encourage students not to be afraid to be different in order to achieve their goals.

When the students were asked why they joined the club, answers ran the gamut, including “to have fun, to learn to program a computer, to create, tweak and see how a robot works, to be with friends, and because of an interest in building things.” Most of the students were sophomores who joined the club for the first time or seniors who had returned for a second year. These motivated students are involved in other activities through the school, including theater, soccer, swim team and tennis team. Without exception, they plan to attend college with an interest in majoring in computer science, engineering or the arts.

One HGR employee asked the students what their peers think of their involvement in the Robotics Club. One student responded that he’s been called “nerdy” for doing this, while another said that all of his friends are in the club. They are unique and special students with a curiosity and a penchant for learning that will benefit the companies they join. Maybe some of us will be lucky enough to work with them, and, in the process, teach them and learn from them.

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HGR supports STEM program at Euclid High School

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Many schools are creating STEM or STEAM programs to encourage science, technology, engineering (arts) and mathematics to equip students with the knowledge and skills to problem solve and be global leaders. STEM is an initiative of the U.S. Department of Education and many nonprofit coalitions and agencies with a mission to improve STEM instruction in Pre-K through 12th grades.

In HGR’s neighborhood, Euclid High School (EHS) is taking the lead in STEM programming. During the 2014-2015 school year, Bob Torrelli, physics teacher and Science Department chair, gathered a group of 10 honors students to participate in the Alliance for Working Together’s RoboBots competition. The team, in its first try at building and fighting a combat battle robot, placed ninth of 35 teams, many of which had been repeat competitors. This year, 50 students signed up to participate. Since only 10 can be on the team with two alternates, the rest of the students will work in teams of 10 to each build a Lego robot during the newly formed Robotics Club meetings on Thursday afternoons. Finally, in the 2016-2017 school year, EHS will be adding a robotics course to the curriculum.

To support its investment in promoting STEM education and the school’s efforts to investment in creating a skilled workforce, HGR Industrial Surplus is sponsoring the EHS robotics team for the second year, which includes meeting space, materials to build the robot and expertise. In addition, due to the outpouring of interest by students, the company has donated $2,000 in Lego robot kits and software for the Robotics Club, a Kenmore ice maker for the chemistry lab, and chairs for the school’s STEM lab where the club meets. Finally, HGR placed full-page ads in The Euclid Observer and The Collinwood Observer in December to encourage local businesses to lend their support.

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How to navigate buying and selling used equipment

Buy and Sell SignsManufacturing overhead, including factory supplies, depreciation on equipment, and replacement parts, can take a toll on your company’s wallet. Then, when you need to add equipment or replace aging systems, you are faced with the complication of choosing among options to buy used, buy new or lease. After you replace the equipment, you need to sell the old equipment in order to free up floor space and capital.

HGR Industrial Surplus can aid in your business’ growth and investment recovery by providing used equipment for sale or lease and by buying your used equipment to turn your surplus assets into cash that will help pay for the upgrade or replacement.

Since scrap prices are at an all-time low, you probably can do better by putting the equipment back into service through resale, which also is environmentally responsible. And, someone else will be able to save capital by buying it used. Reselling to HGR will save you the time and frustration incurred in finding potential buyers or in spending money to place ads in industry publications or resale websites then monitor and respond to inquiries.

If you’re looking for a piece of equipment to replace one being taken out of service or to expand your line, you either can buy the used piece of equipment or lease it through HGR. If you choose to buy it, we have a 30-day, money-back guarantee that mitigates your risk, and we are a Machinery Dealers National Association member, which means that we abide by their stringent code of ethics.

Should you choose to lease a piece of equipment, we have a relationship with a finance source that, essentially, will buy it from us and lease it to you. Once purchased or leased, our Shipping Department can set up transportation for you. Then, from the date that the item is purchased, you have 30 days to pay and 45 days to remove it from our showroom.

SHOPPING HINT: As soon as the item is received, our Buy Department prices and photographs it then posts it online. Some items never make it to the showroom floor because they are purchased as soon as they are listed. So, it’s important to have a relationship with one of our salespeople who can keep you in the loop if something you are looking for comes in, or you can check our website or our Ebay auction for the most recent arrivals.

And, though we sell used equipment, we sell tons of other stuff, including shop supplies, fans, fixtures, laptop bags and printer ink cartridges. You never know what you will find. We get 300-400 new items each day in many equipment categories, including welding, machining and fabrication, supply chain/distribution, plastics, chemical processing, electrical, furniture and finishes, hardware, motors, robotics, shop equipment and woodworking. There’s something here for everyone.

Here are some interesting stats about HGR:

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