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
Oct152014

Alert — Straight Talk on Inversions

From IMA member Plante Moran …

The corporate structuring transaction known as an “inversion” has been front and center recently regarding U.S. corporate tax policy. Corporate inversions typically involve the acquisition of a U.S. corporation by a foreign corporation, during which the U.S. corporation’s shareholders acquire a majority interest in the “acquiring” foreign corporation.

The transaction benefits corporate groups that earn a significant amount of their earnings outside the United States. The benefit arises from avoiding U.S. corporate tax on earnings generated abroad. In addition to having the highest corporate income tax rate in the world, the United States is also one of the few countries that taxes earnings that have already been taxed in a foreign jurisdiction. Virtually all developed countries, including the U.K. and Canada, allow for a tax exemption on earnings that have already been subject to tax abroad.

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Wednesday
Oct152014

Survey of Manufacturing and Purchasing Executives Reveals Strong Confidence in Economy for Remainder of 2014 among Midsized Industrial U.S. Manufacturers

13th survey of buying group member companies indicates positive outlook as revenues are projected to continue rising and half of all companies are planning new hires

Prime Advantage, the leading buying consortium for midsized manufacturers, announced the findings of its thirteenth edition of the Purchasing and Manufacturing Survey, revealing financial projections and top concerns of more than 700 U.S. industrial manufacturing companies. The results show continued optimism about revenues and employment, despite concerns about rising costs and a lack of qualified workers.

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Wednesday
Oct082014

NAM Monday Economic Report: Manufacturing Construction Spending, 2005-2014

 

Several recent indicators have shown marked improvements in the U.S. economy and for manufacturing activity, particularly when compared to earlier in the year. These range from the NAM/IndustryWeek Survey of Manufacturers to increased levels of demand and output. Last week, for instance, the Institute for Supply Management (ISM) reported that the pace of production (up from 64.5 to 64.6) was marginally higher in September, with the index exceeding 60 — indicating strong growth — for four consecutive months. Likewise, the new orders index has measured 60 or higher for three straight months, even though it eased somewhat in September (down from 66.7 to 60.0). That was an encouraging sign, and it was consistent with a relatively upbeat outlook as noted by the National Association for Business Economics (NABE).

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Wednesday
Oct082014

IMA to Partner with Illinois Defense Counsel on Concealed Carry Seminar

Thursday, October 30, 2014 — University Club of Chicago

The law relating to concealed carry in Illinois changed on January 1. What are your rights and responsibilities as an individual? An employer? A governmental entity? A property owner? What are the insurance coverage considerations you should take into account to protect yourself? How can attorneys best protect their clients?

Join with the members of the Illinois Association of Defense Trial Counsel, Illinois Insurance Association, Illinois Retail Merchants Association and the Illinois Manufacturers’ Association on October 30, 2014 as we delve into the current issues surrounding concealed carry.

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Wednesday
Oct012014

New Report Shows Status Quo on Infrastructure Hampers Competitiveness

U.S. Manufacturers Won’t Reach Economic Potential Without Public–Private Partnership and Commitment to Infrastructure Investment

A new study commissioned by the National Association of Manufacturers (NAM) and conducted by Inforum at the University of Maryland offers a view into the economic benefits the U.S. economy would reap with a more concerted effort to address the nation’s infrastructure needs. In total, the study finds that a targeted and long-term increase in public infrastructure investments from all public and private sources over the next 15 years will:

• Increase jobs by almost 1.3 million at the onset of an initial boost;

• Grow real GDP 1.3 percent by 2020 and 2.9 percent by 2030;

• Create a progressively more productive economy, which, due to cumulative effects through time, will benefit from a $3 return on investment for every $1 invested in infrastructure by 2030; and

• Provide Americans an increase in take-home pay after taxes—a $1,300 net gain per household by 2020 and $4,400 per household by 2030 (measured in 2009 dollars).

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Wednesday
Oct012014

The Conference Board Consumer Confidence Index® Declines

The Conference Board Consumer Confidence Index®, which had increased in August, declined in September. The Index now stands at 86.0 (1985=100), down from 93.4 in August. The Present Situation Index decreased to 89.4 from 93.9, while the Expectations Index dropped to 83.7 from 93.1 in August. The monthly Consumer Confidence Survey®, based on a probability-design random sample, is conducted for The Conference Board by Nielsen, a leading global provider of information and analytics around what consumers buy and watch. The cutoff date for the preliminary results was September 18.

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Wednesday
Sep242014

Manufacturers’ Competitiveness Hampered Without Long-Term Reauthorization of the Ex-Im Bank

Congress Misses Opportunity to Give U.S. Exporters Certainty

Washington, D.C., September 18, 2014 – Following House and Senate passage of a continuing resolution that temporarily reauthorizes the Export-Import (Ex-Im) Bank, National Association of Manufacturers (NAM) President and CEO Jay Timmons and IMA President and CEO Gregory W. Baise issued the following statements:

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Wednesday
Sep242014

3D Printing Comes of Age

The highlight of this year’s International Manufacturing Technology Show (IMTS), held earlier in September at the McCormick Place Convention Center in Chicago, IL, was the electric car produced live during the Show. More than 110,000 people witnessed the representatives from Cincinnati Incorporated — a 115-year-old industrial machine manufacturer from Ohio, Local Motors — a new creative manufacturing Arizona company, and the Manufacturing Demonstration Facility at Oak Ridge National Laboratory in Tennessee print the working electric car layer by layer using carbon fiber reinforced polymer composite.

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Thursday
Sep182014

Submit your Employer Training Investment Program (ETIP) documentation now…

The current grant cycle is for training conducted from July 1, 2013–June 30, 2014. Submission deadline was August 30, 2014. If you still need to submit documentation, time is running out. See our website for reporting forms, deadlines & further information.

Thursday
Sep182014

Women in Manufacturing Summit, Sept. 29-Oct 1, Schaumburg

September 29-October 1, 2014 • Hyatt Regency Schaumburg, 1800 East Golf Road, Schaumburg, IL 60173

Hosted by Women In Manufacturing…

Plante Moran is once again proud to sponsor the 4th Women in Manufacturing Summit. The annual event offers networking and learning opportunities for women who have chosen careers in manufacturing and is expected to attract more than 200 professionals with titles ranging from production to CEO. Attendees of the conference will receive numerous personal and professional development opportunities with content featuring leadership engagement, project management, negotiation skills, risk management, lean manufacturing, product liability and networking.

Date: Sep 29, 2014 - Oct 1, 2014 • Time: 1:00PM - 3:00PM

​Learn more and register: http://www.womeninmanufacturing.org/summit2014

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