Nortech Systems Incorporated (Nasdaq: NSYS) (the “Company”), a leading provider of engineering and manufacturing solutions for complex electromedical and electromechanical products serving the medical, aerospace & defense and industrial markets today announced that it is applying for the Employee Retention Credit (“ERC”) to support ongoing investment in Nortech’s frontline workforce and to drive increased manufacturing output to meet customers’ rising demand for mission critical parts. The Company estimates the ERC will, if the application is successful, total $5 million in fiscal 2021.
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