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Friday
Mar282014

Special message from Greg Baise

Dear Member,

In the wake of last week’s election results, Democrats in the General Assembly have begun their efforts to coalesce behind a political and legislative strategy that demonizes success. At a time when Illinois’ 8.7 percent unemployment rate is third highest in the nation, this week’s action further exacerbates our state’s poor reputation as a place to do business and sends a negative message to job creators and entrepreneurs who risk their capital in Illinois.

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Friday
Mar282014

2014 IMA Compensation Report

The Illinois Manufacturers’ Association and Verisight, Inc. invite you to participate in the 2014 IMA Compensation Survey. All participants will receive a FREE electronic copy of the survey report. In addition, IMA members will receive significant discounts on custom reports. Survey Overview This survey covers more than 194 jobs across 13 job families including jobs at the plant, supervisory, management, executive, and board level. Data will be collected on base pay, pay grades, annual bonuses, and target incentive levels. The published results will contain compensation information for different geographies (e.g., city of Chicago, Northern IL), revenue levels, and number of employees. Custom reports provide data on select peer groups, and index reports allow a comparison of your organization¹s pay to the market median rate.

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Wednesday
Mar262014

Illinois Manufacturers’ Association Calling for Comprehensive Tax Reform in Response to Governor Quinn’s Budget Address

SPRINGFIELD—Today, the Illinois Manufacturers’ Association (IMA) released the following statement regarding Governor Quinn’s budget address:

“Making the record income tax increase permanent is the wrong approach and a piecemeal solution to a much larger problem with outdated tax policy in this state. The IMA applauds Governor Quinn for laying out a clear picture of Illinois finances and offering his alternative for moving the state forward.  Despite some success with pension and Medicaid reforms, Illinois continues to face enormous challenges evidenced by a multi-billion dollar budget debt and one of the highest unemployment rates in the United States.  There are certainly many obligatory budgetary demands that require significant revenue, but a better approach is working in a bipartisan manner to eliminate wasteful spending and overhaul Illinois’ tax structure to strategically develop comprehensive tax reform strategies that start from a position of responsibility. If we continue to push policies that do not encourage growth, the employer exodus from Illinois will tragically continue, one day at a time.” – Greg Baise, president and CEO, Illinois Manufacturers’ Association

Monday
Mar032014

New IMA Report: Electricity Competition has Saved Illinois Consumers $37 Billion

Associated Press - Monday, March 3, 2014: The report (click here to download) being released Monday by four business groups says the average household has paid $3,600 less overall than if the average annual electricity rates had stayed the same.

Deregulation kicked in in 1998, allowing Illinois utilities to compete for business on the open market rather than being regulated monopolies whose rates were set. The utilities before deregulation both supplied and delivered electricity to customers, who had no other choices. The legislature also restructured the natural gas market.

The report was issued by the Illinois Manufacturers’ Association, Illinois Retail Merchants Association, Illinois Chamber of Commerce and the Illinois Business Roundtable. Electric rates have risen recently as utilities make “smart grid” improvements.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Tuesday
Feb252014

UI LABS has been awarded $70 Million DMDI Institute!

UI Labs has been awarded the Digital Manufacturing & Design Innovation (DMDI) Institute by the Department of Defense (see this morning’s Washington Post article). The Digital Lab for Manufacturing (“Digital Lab”) has built a community of 40 industry partners, 30+ academic institutions, and 500+ supporting companies and community organizations backed by $320 million in support, including $70 million from the federal government. 

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