A long-time federal assistance program for manufacturers hurt by import competition will no longer be available to new applicants after June 30, 2022. Trade Adjustment Assistance for Firms (TAAF) is a federal program that provides financial assistance to U.S. manufacturing and service companies that have been negatively affected by import
The manufacturing sector has seen a sharp uptick in mergers and acquisitions over the past year, and the trend continues to accelerate. While COVID-19 initially stalled deal activity, within a few months production was back at pre-pandemic levels, and deal volume soared. The reality is that manufacturing is uniquely positioned
Supply chain challenges continue to batter industries across the spectrum – and while some things are improving, for many others there’s no end in sight. To better understand what’s happening with the supply chain squeeze – and what strategies companies can use to combat the challenges they’re facing, we invited
Privately-owned manufacturers using the US Generally Accepted Accounting Principles (GAAP) as their accounting basis have found themselves spending more and more of their resources complying with US GAAP requirements – with little or no benefit for the company or the users of its financial statements. Lots of pain, little gain
Calendar-year companies that are privately-owned are required to adopt new lease accounting rules beginning January 1, 2022. These new accounting rules will impact nearly all entities utilizing U.S. GAAP; however, manufacturers may be impacted the most. Under the new guidance, U.S. GAAP entities with operating leases are now required to
More than 1,000 tri-state business and non-profit professionals attended an exclusive virtual event as Institute for Trend Research (ITR) Economics Principal and President Dr. Alan Beaulieu presented his annual economic update and forecast. The record-breaking session, co-sponsored by Huntington Bank and Frost Brown Todd, provided insights for navigating the road