Associated Industries of Missouri (AIM) president Ray McCarty applauds the Governor’s call for a special session to allow Missouri to compete for any part of the planned production of the 777x plane by Boeing. AIM wants to be sure any economic development package includes a provision that addresses the unique training needed for new workers in advanced manufacturing, information technology, and other highly technical fields. “We believe Missouri should do whatever is necessary to compete for as much of the work on the Boeing project as we can possibly secure,” said McCarty. “But this is an opportunity for Missouri to also address needs of our existing Missouri employers to train workers in highly technical and often confidential and proprietary processes. Allowing job training money in these situations to be used to pay trainers that are on staff and possess the unique skills needed to operate machinery that can only be learned ‘on the job’ is crucial for this project as well as other rapidly
The Wall Street Journal (11/21, Mitchell, Banjo, Subscription Publication) reports that the government’s main barometer of retail sales increased 0.4 percent in October, giving some hope to retailers that the holiday shopping season will not be as weak as expected. The Journal notes that sales were up across most categories from large-ticket items to daily purchases like groceries. USA Today (11/20, Davidson) reports that October’s “strong performance was driven by furniture and electronic stores, clothing retailers and sporting goods shops.” The AP (11/21) reports because consumers fuel about seventy percent of economic activity, expectations have increased that the better-than-expected retail sales in October could build momentum for this month and next month. The Wall Street Journal (11/21, Mitchell, Banjo, Subscription Publication), the Los Angeles Times (11/21, Hsu), Bloomberg News(11/20, Stilwell), Reuters (11/21) and other media sources also cover the story.
Associated Industries of Missouri’s “Missouri Manufacturing Jobs Act of 2010” continues to bring stable, high paying jobs to Missouri. The latest victory for the act occurred earlier this week when Grupo Antolin North America announced it will invest more than $15.7 million in a 150,000 square-foot automotive manufacturing facility to supply Ford’s Kansas City Assembly Plant, creating an estimated 118 new jobs. “Kansas City represents enormous opportunities for Grupo Antolin,” said Max Rogers, President of Grupo Antolin North America. “Missouri’s friendly corporate climate and close proximity to major automakers put us in a position to better serve our clients and continue to grow.” Grupo Antolin’s new state-of-the-art manufacturing facility in Kansas City will initially produce headliners for the all-new Ford Transit van, which will be manufactured at Ford’s Kansas City Assembly Plant in Claycomo. Grupo Antolin is an international automotive parts manufacturing company. The company designs, manufactures, and supplies automotive overhead systems, interior trim and door functions, ambient and functional lighting products,
As we approach the start of the 2014 legislative session, the phrase “tax credit reform” is rearing its head again. We at Associated Industries of Missouri welcome true tax credit reform, but feel that wide ranging tax cuts are truly the way to build the state’s economy in a sustained, healthy manner. Tax credits are not inherently evil. They can serve a purpose. If tax credits spur the private sector to take on a task that state government was going to have to do on its own, if they create jobs, if they help to retain jobs, AIM feels tax credits are a wise investment of taxpayer funds. But AIM understands that there may well be too many tax credit programs. We would like to see legislators move forward on “tax credit reform” with a scalpel, instead of an axe. Tax credit programs can be costly, controversial and in some cases take many years to show their worth. We believe
It’s been a successful week for Associated Industries of Missouri Circle of Elite Organizations member Boeing at the international air show in Dubai. The aircraft manufacturing giant made sales to three Middle Eastern airlines on Sunday alone for a total of 225 777x’s. The New York Times says Boeing now has orders for $95 billion worth of the aircraft. The 777x is a wide bodied, long-range, airplane designed to carry up to 400 people more than 8,000 miles, with some versions able to travel up to 9,300 miles. All while cutting fuel costs by up to 12 percent over previous and contemporary craft. The plane utilizes the latest in fuel efficient design and materials. Production on the 777x is scheduled to begin in 2017.
NAM Vice President of Energy and Resources Policy Ross Eisenberg testified before the House Subcommittee on Energy and Power on November 14 at a hearing on the Environmental Protection Agency’s (EPA) proposed greenhouse gas (GHG) standards for new power plants. Eisenberg offered the NAM’s support for draft legislation by subcommittee Chairman Ed Whitfield (R-KY) and Sen. Joe Manchin (D-WV) that would make the regulations more reasonable and protect a true “all-of-the-above” energy strategy. “Manufacturers are deeply concerned with the EPA’s decisions in the rule for future power plants and fear that the agency is heading down a path toward a costly, unworkable set of standards for existing power plants,” Eisenberg testified. “While over the years there have been a wide range of legislative and regulatory proposals to address GHG emissions, it is impossible to ignore the harsh reality that this policy—the one we have chosen—could be both the most expensive and least environmentally effective of them all,” he said. “Manufacturers ultimately will be hit
AIM partner TrakBill announces it is launching a new app that will allow Android users to keep up with legislation in real time. The new app, released Tuesday, rounds out a powerful suite of legislative tracking tools. Following in the footsteps of the iPhone and iPad app launch earlier this year, this new app empowers users to integrate state or Federal committee hearing schedules with their Android calendar and to set reminders for hearings of interest. Available for use in 19 states and Congress, TrakBill subscribers can now search, track and receive real-time notifications on legislation from their mobile device. “After listening to the feedback of our subscribers, we understand how important it is for users to have access to legislative information wherever they are,” said TrakBill founder Steven Marciniak. The Android app can be downloaded for free from the Play Store by searching ‘TrakBill’ or click here. “Associated Industries of Missouri uses TrakBill and recommends the system to our member businesses”,
Fortune magazine this week is out with its ranking of the 500 largest U.S. businesses according to 2012 revenues, and four AIM members were represented. Circle of Elite Organization members Ford Motor Company, Ameren, Peabody Energy and Emerson Electric were all named on the prestigious list. In all, 10 companies with headquarters in Missouri were on the Fortune 500 list. According to the Missouri Department of Economic Development, those 10 companies employ 25,000, paying wages totaling more than $2.4 billion. According to DED, Missouri ranked 16th among the states with ten Fortune 500 company headquarters. Of the surrounding states, Illinois only had more Fortune 500 company headquarters with 32. California had the most Fortune 500 company headquarters in the United States with 54, followed by New York (52), Texas (52), and Illinois (32). Wal-Mart with revenues of more than $469 billion was the number one company on the Fortune 500 list.
Nearly 30 business leaders from around the state of Missouri gathered this week in Jefferson City for the annual fall meeting of the Associated Industries Board of Directors. The group met throughout the day, outlining goals for the association for the coming year, as well as setting legislative priorities for the upcoming session of the Missouri General Assembly. Those legislative priorities will be presented in the weeks ahead. The group held several hours of open discussions and heard from legislative leaders, such as State Rep. T.J. Berry (R-38), and State Senators Will Kraus, Doug Libla, and Mike Parson. All said they were dedicated to working on legislation designed to cut taxes, although each legislator had his own ideas on how it should be done. “The meeting was a total success,” said AIM president Ray McCarty. “The information that we shared and the plans that we made will help our organization and all its member companies move forward to grow and
The National Association of Manufacturers invites you to join them for a roundtable discussion on federal regulations with U.S. Representative Jason Smith (MO-8) on Friday, November 22, from 8:00 am-9:30 am, at the Cape Girardeau Area Chamber of Commerce. The NAM is proud to be partnering with the National Federation of Independent Business (NFIB) to protect businesses and American jobs from the impacts of federal regulations handed down from Washington. This event will be an opportunity to share your story with Rep. Smith and other businesses and discuss ways that Washington could modernize its regulatory process to help manufacturers. Who: U.S. Representative Jason Smith (MO-8) and members of the NAM and NFIB What: Roundtable on Regulatory Impacts with Manufacturers and Small Businesses Where: Cape Girardeau Area Chamber of Commerce 1267 N Mt Auburn Rd, Cape Girardeau, MO 63701 (573) 335-3312 When: November 22, from 8-9:30 AM Why: Come share your story about how regulations impact your business and learn about what Washington is doing