Manufacturing Upbeat
Please review the Kiplinger Newsletter regarding key comments. Download the newsletter
Please review the Kiplinger Newsletter regarding key comments. Download the newsletter
Most contract manufacturers are quick to respond to issues... flexibility is a key. Download the PDF to read further.
H-6039 AND S-0580 was signed into law by Governor McKee. This legislation clarifies the following: Amends the classification of manufacturing machinery that is eligible for a property tax exemption by eliminating the requirement that the machinery be new.
Congressman Langevin supported the following items this month: Passed H.R. 3684 – INVEST in America Act. This bill includes $19 million to repair roads in Rhode Island, as well as Congressman Langevin’s 21st Century Transportation Workforce Development Act to create a public-private partnership dedicated to getting people into good-paying jobs in the transportation workforce. Cosponsored [...]
Manufacturers had to adjust to the realities of COVID-19 in 2020. The percentage of employees in the sector working from home jumped from 18.9% in 2019 to 29.9% in 2020, according to the latest American Time Use Survey from the Bureau of Labor Statistics. (It is always fascinating to see how the typical American uses [...]
McKinsey & Company did a great job a thorough review of the manufacturing sector. https://www.mckinsey.com/featured-insights/americas/building-a-more-competitive-us-manufacturing-sector
Rhode Island comes in at #48 and trails only Connecticut and New Jersey, but don’t think that the study is biased against the Northeast — Massachusetts is ranked 10th in the country. Maine is ranked 13th. The study from WalletHub comes just days after CNBC ranked Rhode Island #46 for "top states for business." CNBC wrote, [...]
RIMA is putting together a special invite only for companies to learn about Sustainability…the new ISO must have certification. On September 21st, we will be hosting a one hour session on the need for your company to be recognized as embracing sustainability and how this will enhance your organization with your customers. Sustainability is all [...]
Manufacturing production edged down 0.1% in June, pulling back after rising 0.9% in May. Motor vehicles and parts production plummeted 6.6% in June, with the chip shortage and supply chain issues continuing to restrict activity. Excluding motor vehicles, manufacturing production increased 0.2% in June, a disappointing but at least positive reading. Manufacturing capacity utilization ticked [...]
See attached word document that notes 70% of those taking the survey note they do not feel it should be taxed. Download Document