Welcome to the IMA Executive News & Views Blog. The blog format reflects our efforts to provide IMA members with timely, relevant and thought provoking information in a form that is accessible for easy reference. IMA’s Executive News & Views Blog will be updated on a regular basis. Weekly news update emails will be sent out to notify subscribers of new information posted on the blog. IMA members are welcome to submit material for the blog, or request specific information. Simply email Editor Stefany Henson at shenson@ima-net.org with your information or request. Editorial submissions are subject to review. 

Wednesday
Aug202014

August 30 — Deadline for Employer Training Investment Program (ETIP) For FY 2014 approaching

Deadline: August 30: For the grant period July 1,2013 through June 30, 2014

The Employer Training Investment Program (ETIP) is a state funded program supervised by the Illinois Department of Commerce and Economic Opportunity (DCEO), and administered by the Illinois Manufacturers’ Association (IMA). This grant provides companies reimbursement for skills training of current employees and members. Both external and internal trainers may conduct training.

Reimbursements are approved by the DCEO and are distributed on a “first come, first serve” standard based on the availability of funding.

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Wednesday
Aug202014

Capture and Transfer Your Knowledge

By Ken Mall, EDSI Consulting — EDSI Consulting is an IMA member

As we travel around the country, we see more and more HR managers caught off-guard as some of their longest-tenured employees announce their retirement. As the economy has recovers over the past five years, many employees are approaching the point where they fell they have enough financial security to walk away from their jobs.

Many American utilities are starting to utilize workforce analytics to get a better sense of which individuals are going to retire and when. But they still need to answer the question, How do we distill and bottle 30-plus years of institutional knowledge and share it with future generations of employees?

Knowledge management is about using the current and future brain power of an organization to achieve the organizations’ goals in a systematic and organized manner. It had two critical components:

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Wednesday
Aug202014

SBA Illinois District Office International Trade Webinars

SBA is committed to helping small business understand the possibilities of growing revenues and jobs through increased international trade.

During the months of August and September SBA’s Illinois District Office will offer four 45-60 minute webinars on the topics below. Each webinar will conclude with a question/answer period during which participants can ask questions of the presenter.

August 27 - 12:00pm - 1:00pm

Elements of Direct and Indirect Exporting

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Wednesday
Aug132014

IMTS – The International Manufacturing Technology Show 2014 Promises to be Epic Manufacturing Event

The 30th edition of IMTS – The International Manufacturing Technology Show 2014 is on track to rank among the four largest IMTS events covering more than 1.2 million net square feet of exhibit space and hosting more than 1,900 exhibiting companies. The show will be held at Chicago’s McCormick Place Sept. 8-13, 2014.

IMTS show hours vary from building to building. The East (Lakeside Center) and West building hours are 9 a.m. – 5 p.m. daily; the North and South building hours are 10 a.m. – 6 p.m. daily

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Wednesday
Aug132014

Five Things Small Businesses Should Know About Export Control Reform

By ngoriel, SBA Official — Published: August 7, 2014 — Editor’s Note: This blog first appeared at Commerce.gov on July 10, 2014.

Small businesses are growing at unprecedented rates. They employ about half – 55 million – of the nation’s private workforce and account for 99.7 percent percent of all employers in the U.S. Through exporting, they have the opportunity to grow even more: two-thirds of the world’s purchasing power is in foreign countries. In a 2013 survey of 500 small business owners, the National Small Business Association (NSBA) found that 63 percent of participants who did not already export said that they would be interested in doing so, but cited lack of information on exporting as an obstacle for small businesses.

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Wednesday
Aug062014

IMA Public Affairs Conference — Save the Date: September 25th, Naperville

The Illinois Manufacturers’ Association is planning its biennial Public Affairs Conference — currently scheduled for September 25th in Naperville. This conference will feature speakers from each legislative caucus who will provide a private overview of hot political races — races that will ultimately determine who controls the Illinois General Assembly. Additional information will be coming soon.

Wednesday
Aug062014

Quadrennial Energy Review (QER) Public Meeting in Chicago: Rail, Barge, Truck Transportation

MEETING DATE AND LOCATION: August 8, 2014, University of Illinois-Chicago, Student Center East – Illinois B Room — 750 South Halstead Street, Chicago, IL 60607 — 8:30 am CDT

Click Here to comment on the Rail, Barge, Truck Transportation public meeting.

Federal Register Notice

Additional Information will be posted as it becomes available.

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Wednesday
Aug062014

3D Printing Market is Expected to reach $8.6 Billion, Globally, by 2020 — Allied Market Research

The adoption of 3D printing in various applications is growing on account of higher accuracy, efficient use of material and ability to build customized products

According to the report titled “3D Printing Market (Technologies, Materials, Applications and Geography) - Global Opportunity Analysis and Forecast-2013-2020,” the global 3D printing market will reach $8.6 billion by 2020, registering a CAGR of 20.6 percent from 2014 to 2020. The surge in growth is primarily due to rising demand for faster and more efficient ways to manufacture complex design objects using a wide array of materials.

The adoption of 3D printing in various applications is growing on account of higher accuracy, efficient use of material and ability to build customized products. Its competency over traditional processes, time efficiency and simultaneous use of multiple materials has been the other prominent adoption drivers. However, higher cost of personal printing, expensive software, and lack of channel partner assistance has been restraining the growth of the market. The economies of scale gained through advancement in technology and improved manufacturing process will help the market grow in future.

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Wednesday
Jul302014

Secretary of Commerce Penny Pritzker Business Development Mission to Japan and South Korea

October 19-23, 2014 — An Exciting Opportunity to Expand Your Business in Asia

Secretary of Commerce Penny Pritzker will lead a Healthcare and Energy Business Development Mission to Asia with stops in Japan and South Korea from October 19-23, 2014. This business development mission will promote U.S. exports to Asia by helping U.S. companies launch or increase their business in the healthcare and energy sectors. In both countries, the governments and private sector are investing significant money to develop both sectors.

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Wednesday
Jul302014

Manufacturing’s Value-Added Contributions to the U.S. Economy, in Trillions of Dollars

from the National Association of Manufacturers …

The International Monetary Fund (IMF) released its latest World Economic Outlook last week. The report reflected slower growth rates in the United States and elsewhere for 2014 mostly because of disappointing figures during the first half of the year. The IMF now predicts that U.S. real GDP will grow 1.7 percent in 2014, down from the 2.8 percent forecast in April. Much of this downgrade stemmed from the dismal 2.9 percent decline in real GDP in the first quarter, with output contracting for the first time in three years. At the same time, the manufacturing sector provided a positive contribution to growth in the first quarter, according to new data, despite bleakness in other areas. Fortunately, manufacturers are more upbeat about activity during the second half of this year and for next year. The IMF’s outlook for 2015 is for real GDP growth of 3.0 percent in the United States, which is in line with other predictions.

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