How Manufacturers Can Benefit from the Fed’s Rate Cuts
Recent Interest Rate Cuts After much speculation, the Federal Reserve reduced the interest rate on July 31, 2019. This was the first cut in over a decade. The quarter-point reduction to 2% came as an effort to primarily do three things: Increase inflation to the preferred rate of 2% per
The Precarious State of U.S. Manufacturing
Impact of U.S. and China Trade Tensions The U.S. continues to impose tariffs on over $200 billion of imports from China. Trump and Xi Jinping have agreed to reinstate trade talks. As the talks continue to drag out, it is clear that U.S. manufacturing is being negatively impacted by the
Ohio Introduces New Workforce Development Bill
House Bill 2 was recently introduced in Ohio to establish and fund three new workforce development programs. Overseen by the Development Services Agency, this bill will support industry sector partnerships and industry-recognized credentials by providing $32.5 million in state funding in FY 2020 and FY 2021 for the three programs.
How Manufacturers Use Compensation to Spark Improvement
Barnes Dennig, North Side Bank, and USI Insurance recently revealed the results of their 2019 Manufacturing Compensation & Benefits Benchmarking Study that surveyed regional manufacturing companies in Ohio, Kentucky, and Indiana. Of the 97 companies that participated, 48 companies had over 100 employees (large companies) and 49 companies had under
Manufacturing Outlook Record High in 2019
The optimistic outlook for manufacturing companies in Kentucky, Ohio, Indiana and across the United States has reached a record high. It appears that many of the changes ushered in through tax reform combined with pro-growth policies enacted by the current administration are allowing manufacturing companies to seize new opportunities in
Changing Gears: Beaulieu Predicts Slowed Growth in 2019
Dr. Alan Beaulieu, nationally recognized economist from Institute for Trend Research (ITR) Economics, presented his economic forecast on November 7th, 2018 at the 19th Annual Manufacturing Seminar, presented by Barnes Dennig, Huntington Bank and DBL Law. Beaulieu is a principal, as well as the