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
May262016

Chicago Metro Metal Consortium and IMEC announce Manufacturing Matchmaking event

Industrial matching event connects manufacturing suppliers and end users in the Chicago region

The Illinois Manufacturing Excellence Center (IMEC) and Chicago Metro Metal Consortium are pleased to announce their “Manufacturing Matchmaking” event.  This event is designed to increase sales opportunities for firms in primary metals, metal fabricating, metal working and machinery industries.  The matchmaking event is scheduled for June 23rd at Prairie State College located at 202 S. Halsted Street, Chicago Heights, Illinois 60411. Registration is open now through June 3rd by visiting https://www.regonline.com/matchmaking-chicago-heights. To increase penetration and visibility of new market opportunities, IMEC has also partnered with the Chicago Southland Economic Development Corporation who serves as a manufacturing resource organization for the region.

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Thursday
May262016

New overtime rules announced; take effect December 1, 2016

From IMA member Pautsch Spognardi & Baiocchi Legal Group, LLP

This past Wednesday, the DOL announced its new overtime rules, which will take effect on Dec. 1, 2016, giving employers six months to prepare for the change. The new rules raise the salary threshold from $23,660 to $47,476, or from $455 to $913 a week. This doubles the currently weekly salary threshold. The rules are estimated to make up to 4.2 million exempt employees eligible for overtime under the new rules. The rules also updated the salary threshold every three years, maintaining it at the 40th percentile of full-time salaried employees in the lowest-wage Census region, currently the South. The “highly compensated” threshold is raised from $100,000 to $134,004.

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Thursday
May192016

Jesse White Announces Security Upgrades to Driver’s License/ID Card and Changes to the Issuance Process

Central issuance process meets federal REAL ID requirements; protects citizens from fraud and identity theft

Illinois Secretary of State Jesse White announced that his office is upgrading security features to the Driver’s License/ID card design and expanding the central issuance process for driver’s licenses and ID cards to all applicants. With implementation of these changes, Illinois has moved closer to achieving full REAL ID compliance, which is a federal mandate of the U.S. Department of Homeland Security (DHS).

By the end of July, applicants visiting Driver Services facilities will no longer be issued a new permanent DL/ID card at the end of the application process. Instead, they will leave the facility with a temporary secure paper driver’s license, which is valid for 45 days and will serve as their DL/ID for driving purposes and proof of identification. The temporary, secure paper driver’s license or ID card will contain a photo and the basic information that appears on the permanent driver’s license or ID card. In addition, the facility employee will return the old DL/ID card back to the applicant after punching a hole in it.

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Thursday
May192016

USAGov’s Five Tips to Get Great Deals from Government Auctions and Sales

You may have heard that you can buy “stuff” from the government. But how does it work? Can you really get good deals? With these tips from USAGov, you can learn how to be a smart shopper at government auctions and sales and discover the surprising variety of things you can buy:

Who sells government property?

Many federal agencies, states, and even some local governments sell property that’s surplus or has been seized by law enforcement. For a variety of property types, try:

• GSA Auctions, the government’s national electronic bidding site for buying federal assets, from common household items to specialized equipment and vehicles

• GovSales.gov, listing all the government’s property for sale, including real estate

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Thursday
May052016

Introducing the RSM US Middle Market Business Index

First-of-its-kind index fills gap for middle market-focused economic research

In this podcast listen to RSM Chief Economist Joe Brusuelas discuss the newly-launched RSM Middle Market Business Index (MMBI) — a first-of-its-kind economic index designed to accurately reflect business conditions in the middle market. Developed in partnership with Moody’s Analytics, the MMBI is the culmination of 18 months of primary research via our Middle Market Leadership Council, a representative panel of 700 middle market executives managed by Nielsen.

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Thursday
May052016

Six SBA Programs Every Small Business Owner Should Know About

For over 60 years, the U.S. Small Business Administration (SBA) has been helping small business owners access the funding and other resources they need to get started and succeed. Through a variety of SBA programs and initiatives, they have provided aid, counsel, and assistance to countless individuals wishing to start businesses. However, there are still many who don’t know about the resources the SBA has to offer. If you are considering starting your own business or are looking to grow, here are six SBA programs every small business owner should know about:

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Wednesday
Apr272016

BAM! POW! Industrie 4.0 Meets the Industrial Internet!

Apr 25, 2016 by Karen Field | Internet of Things Institute — from IndustryWeek

Hannover, Germany—Government and industry professionals from the U.S. and Germany took on the topic of Industrie 4.0 and the Industrial Internet in a panel discussion today hosted by the Industrial Internet Consortium (IIC) and Hannover Messe.

Industrie 4.0 or the Industrial Internet—whatever you prefer to call it—has profound implications: It is changing business models and leading to more efficiencies in production processes, but it will also lead to new challenges such as security, labor qualifications, and new regulatory frameworks for business.

Approaches by the two movements are markedly different: On the one hand, Industrie 4.0 was born out of and is being driven by the German government’s high-tech strategy. On the other, the Industrial Internet is a bottoms-up approach driven by U.S. industry.

While this dissimilarity might well have put the pair on a collision course, people on both sides are sensing ways collaboration may help to achieve common goals.

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Wednesday
Apr272016

Allied Market Research: North America 3D Printing Market Is Expected to Reach $5.01 Billion by 2022

According to a new report by Allied Market Research titled, “North America 3D Printing Market – Opportunities and Forecast, 2015 – 2022”, https://www.alliedmarketresearch.com/north-america-3d-printing-market the North American 3D printing market is expected to garner a revenue of $5.01 billion by 2022, with a CAGR of 20.1% from 2016 to 2022. Development of customized complex products using a wide range of materials drives this market. Higher accuracy, reduction in production cost and time coupled with minimized human error supplement its growth. 3D printing is used across various industries, including consumer products, aerospace, automotive, healthcare, defense, and education and research. It enables efficient management of resources and increases production output while minimizing wastage and operating costs. 3D printing is implemented for various applications that include development of prototypes, functional models, presentation models, artistic products, and custom parts. The consumer products sector accounted for a major revenue share of the North American 3D printing market, constituting 21.4% of the total market revenue in 2015, followed by the automotive sector which accounted for 18.3% share in the same year.

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Wednesday
Apr202016

Illinois’ State Trade and Export Promotion Program

Illinois’ State Trade and Export Promotion (ISTEP) program provides Illinois’ small and medium-sized businesses with both financial and technical assistance to increase their exports. The ISTEP program includes 4 options for Illinois’ companies to grow their export sales: Group Trade Missions, Individual Foreign Market Sales Missions, and options for Illinois’ companies to grow their export sales: Group Trade Missions (GTM), Individual Foreign Market Sales Missions (IFMSM), options for Illinois’ companies to grow their export sales: Group Trade Missions (GTM), Individual Foreign Market Sales Missions (IFMSM), and Product Compliance (PC), and International Marketing Support (IMS). ISTEP assistance will be provided on a first come, first served basis for all qualifying companies.

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Wednesday
Apr202016

The Road to a Great Illinois Governor’s Sustainability Award Application

If your organization has done a lot in the name of sustainability — from projects that save money and resources to initiatives that strengthen the people and communities you work for — what are you waiting for? The Illinois Governor’s Sustainability Award provides a great opportunity for you to pull all of your sustainability work together into a single document: Your award application! Because sustainability encompasses the triple bottom line — People, Planet, Profit — it can be tough to wrap one’s brain around all that should be included in your application. Our Apply for the Award page and FAQ’s will help you in that process, but we know that’s a lot to read! Here are three tips to help you cut to the chase, and get started on your application (due May 20).

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