EAST HARTFORD, Conn. – Eastern Connecticut State University student and Cromwell, Connecticut native, Alyssa Townsend, is interning in the accounting department at the Connecticut Center for Advanced Technology this summer.
CCAT is a nonprofit organization that advances innovation in applied technologies, career development, energy solutions, IT strategies, and STEM education.
In the accounting department, Alyssa focuses on monthly procedures such as cost vouchers, invoices and deposits. She handles all aspects of accounts receivables from invoicing government and commercial contracts to determining revenue recognition to collecting and applying cash. She assists with payroll functions, journal entries, and the Manufacturing Innovation Fund Voucher Program (MVP).
For the MVP, which provides financial assistance to Connecticut Manufacturers to help them under undertake innovative projects aimed at improving productivity, efficiency and competiveness, Alyssa works on many administrative tasks.
Manufacturers are eligible to receive up to $50,000 in vouchers if they are a Connecticut manufacturer or allied service provider, they have been registered as business for at least 3 years, more than half of the company’s revenue comes from goods they manufacture, they have fewer than 300 employees, and the total proposed project value is at least $10,000.
“The Manufacturing Innovation Voucher Program has shown me the value of manufacturing to the state of Connecticut. Companies that receive vouchers really appreciate the support,” she said.
The program is made possible through funding from the Connecticut Department of Economic and Community Development.
“I’ve been fortunate to continue my internship with CCAT from last summer through this year. It’s rewarding to learn about something in the classroom one day and apply that in a real situation at CCAT the next. It’s not just about the month to month operations, everyday there’s something new to learn, another problem to be solved,” Alyssa said.
At Eastern Connecticut State University (ECSU), where she will be returning in the fall, Alyssa is pursuing a degree in accounting. While there, she spends time learning through her major and the Accounting Society.
The Accounting Society gives students a chance to network by connecting them to well-known and respected professionals in the industry. “It’s a great opportunity for the accounting students at ECSU,” she said.
When Alyssa isn’t at CCAT or school, she teaches dance at Studio 3 in Newington, Connecticut. Alyssa is expected to graduate in the spring of 2017 and continue her work in accounting. She hopes to eventually become a certified public accountant.