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. 

Thursday
Sep112014

IMA announces launch of exclusive, industry-leading professional services and risk management platform: MIS 360

Proprietary MIS 360 Program Proactively Gives IMA Members Control Over Every Area of Risk, Reduces Related Costs, and Saves Members a Significant Amount of Time and Money.

Newly available program for members of the Illinois Manufacturers’ Association (IMA) offers exclusive access to MIS 360, an industry-leading professional services and risk management platform.

Delivered through a strategic partnership with Naperville-based Manufacturers Insurance Services of Illinois, MIS 360 pairs conventional employee benefits and risk management strategies with industry-leading professional resources. The result provides IMA members with better control of their risk profile and more efficient and economical management of their business.

“We are constantly seeking new ways to support our members’ growth and operational efficiency,” said Greg Baise, CEO of the IMA. “MIS 360 provides IMA members with exclusive access to the most comprehensive, cost-effective professional services cooperative in the State of Illinois.”

Click to read more ...

Thursday
Sep112014

Pay Up: Federal Regulations Cost U.S. Economy More Than $2 Trillion Annually

New NAM Study Shows Small Manufacturers in Illinois and Nationwide Face More Than Three Times the Burden of the Average U.S. Business

Complying with federal regulations costs Americans $2.028 trillion in lost economic growth annually, or roughly equivalent to 12 percent of total GDP that could be invested back into our nation’s businesses, according to a new study commissioned by the National Association of Manufacturers (NAM).

The study, conducted by economists Nicole V. and W. Mark Crain, concluded that manufacturing businesses face a disproportionate share of the burden, or $19,564 per employee per year—nearly double what the average U.S. business pays to comply with federal rules. Small manufacturers pay more than three times as much as the average U.S. firm. That is $34,671 per employee per year that small manufacturers could use to grow their businesses and create jobs.

Click to read more ...

Thursday
Sep042014

IMA members invited to Breakfast at IMTS, September 10, Chicago

Illinois Department of Commerce and Economic (DCEO) and MASUDA FUNAI present: A Networking Breakfast at IMTS — For ILLINOIS MANUFACTURING COMPANIES, INTERNATIONAL INVESTORS and TRADE PARTNERS. Learn about the latest international trade policies, missions, and available services to grow your business and meet potential partners. Continental breakfast will be served.

SEPTEMBER 10, 2014 8:00-10:00 am

McCormick Place, Level 4, Room S406b, Chicago, IL 60616

SPACE IS LIMITED, RESERVE YOUR SPOT TODAY! Register here.

Thursday
Sep042014

State to Host Business Workshop in Metro East to Boost Illinois Business Opportunities

SIUE-East St. Louis networking event is intended to expand pool of businesses with state contracts

The administration of Governor Pat Quinn recently announced an educational workshop and business networking event geared toward small and diverse entrepreneurs to be held Sept. 17th, at the East St. Louis campus of Southern Illinois University – Edwardsville (SIUE). The goal is to connect business owners with like-minded professionals and raise awareness about opportunities to participate in state contracts. The workshop is one of a series of ongoing events around the state and is part of Governor Quinn’s agenda to create jobs and ensure a level playing field for all contractors in Illinois.

Click to read more ...

Thursday
Aug282014

IMA to host Public Affairs Conference, September 25th in Naperville

IMA members are invited to the IMA Public Affairs Conference on Thursday,  September 25, at the Naperville Marriott located at 1801 N. Naper Blvd.  The IMA Public Affairs Conference will feature presentations on the legislative and gubernatorial races. Registration is from 8:00-8:30 am, with presentations to follow. There is no cost to attend, but you must RSVP with Christine Sisk at csisk@ima-net.org.

Thursday
Aug282014

Dramatic Shifts in Manufacturing Costs Are Driving Companies to Change Their Global Production Strategies

New Report by The Boston Consulting Group Finds That Improved Cost Competitiveness Since 2004 Is Leading to New Factory Investment in Countries Such as the UK and Mexico, Where Productivity Has Largely Offset Wage Hikes

Dramatic shifts in cost competitiveness around the world over the past decade are starting to spur a number of companies to change their global sourcing and manufacturing investment strategies, according to a new report by The Boston Consulting Group (BCG).

Click to read more ...

Thursday
Aug282014

AMT’s Emerging Technology Center (ETC) at IMTS – The International Manufacturing Technology Show 2014 Promises to “Wow” Visitors

McLean, Va… . AMT’s Emerging Technology Center (ETC) at IMTS – The International Manufacturing Technology Show 2014 is on track to “wow” show visitors.

“At IMTS 2004 we created the Emerging Technology Center to present manufacturing “technologies of the future” from leading universities and government research labs,” notes Peter Eelman, Vice President – Exhibitions and Communications, AMT – The Association For Manufacturing Technology. “This feature returned IMTS to its roots as a forum where the latest technologies are first seen. This year is no exception, and we are confident that this will be the most exciting ETC effort yet.”

The number one “wow” factor in the ETC is sure to be the complete construction of a 3D-printed electric car by IMTS partner Local Motors. Local Motors will build and deliver the first direct digital manufactured vehicle at IMTS 2014.

Click to read more ...

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.

Click to read more ...

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:

Click to read more ...

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

Click to read more ...