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86 SMT007 MAGAZINE I FEBRUARY 2022 duction in-house and doing so has dras- tically improved its process. When asked about their experience, CoralVue CEO David D'Aquin said that while outsourcing produc- tion, they were "getting notices of 52-week lead times 2 ." ese lead times and the rising "cost of using overseas PCB manufacturers" led them to purchasing their own equipment. With in-house production, D'Aquin says they have experienced "flexibility when it comes to inventory" and it has "helped ease [Coral- Vue's] cash flow." With an automated SMT line, only a few peo- ple are needed to operate it, making it espe- cially advantageous in this time of increased labor scarcity. As a growing business, Coral- Vue's success provides insight into how a for- ward-thinking company can take advantage of this opportunity and prosper. How Tax Advantages Can Lower Equipment Costs While owning your own equipment will be financially beneficial in the long run, the large outlay of cash at the start can be daunting. It is good to know that there are financing options available, including ones where payments are delayed so you can get set up and start creating revenue before anything is due. Another helpful tip is to utilize Section 179 when filing taxes. Section 179 can help your company maximize savings by writing off the entirety of your purchase. In 2018, Section 179 made it so companies could receive a deduc- tion equal to the total amount spent on equip- ment within the past tax year (up to $1 mil- lion 3 ). is makes it a great option for small businesses, in particular. Deciding to Start In-House Production As the U.S. manufacturing sector has been stagnantly demand-driven, with issues appear- ing in the supply chain, in labor resources, and in delivery from suppliers, many are search- ing for a solution. e current dominantly suc- cessful solution is: Take control of the produc- tion that has been moved overseas. In-house production works because it is relatively cost- effective; financing and cost-offset options are available; owning the equipment and directly paying for components and labor results in sig- nificantly reduced overhead. Figure 4: A full SMT equipment line installed at CorvalVue as supplied by Manncorp.