Missouri Enterprise: Succession Planning

Of the hundreds of Missouri manufacturers that participated in a third-party survey earlier this year, only less than half indicated they actively transfer employee knowledge to prepare for the loss of the aging workforce.  Finding and retaining workers with the right technical skills and work ethics is a consistent challenge. Missouri Enterprise, as the state’s premier provider of business optimization services, partners with educational institutions, workforce investment boards and state agencies and can help a company develop a plan that Attracts top talent at all levels of the organization; Continually trains your workforce; Partners with local government and/or educational institutions as appropriate; Reduces turnover; and Prepares your workforce to learn and adapt to new technology. To help you get started, your Missouri Enterprise Area Business Manager will evaluate your company’s individual situation and present a no obligation proposal and cost quotation. Here is just one Missouri manufacturer who utilized our workforce service…. Since 1907, the Sugar Creek Missouri Cement Plant, (formerly Missouri

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Lawsuit over Lieutenant Governor appointment to go to court next week

A lawsuit about whether Governor Mike Parson had the legal authority to appoint the position of Lieutenant Governor will be going before a Cole County judge next week. On June 18th, Parson appointed former Senate Majority Floor Leader Mike Kehoe as Lieutenant Governor. The Missouri Democratic Party and lead plaintiff Darrell Cope filed a lawsuit stating the position could only filled by election. On July 5th, Circuit Judge Jon Beetem will hear the Missouri Democratic Party’s arguments. The legality of Kehoe’s appointment has been a controversial subject. Several former chief executives of both parties have stated the Governor has the legal ability to appoint the Lt. Governor. “We have been advised this appointment is legal and valid and we are very pleased with Governor Parson’s choice,” said Ray McCarty, president and CEO of Associated Industries of Missouri. “Like Governor Parson, Lt. Governor Mike Kehoe has demonstrated his ability to work with many diverse parties to arrive at solutions that benefit

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Landmark U.S. Supreme Court decision regarding internet sales and use taxes

The United States Supreme Court in a 5-4 decision last week overruled previous decisions of that Court and opened the door for states to collect their sales or use taxes on interstate sales by internet vendors. The Wayfair v. South Dakota opinion may be found here. The Court did NOT require a state to be a part of the Streamlined Sales and Use Tax Agreement (SSUTA) to collect taxes from internet vendors. This is important because Associated Industries of Missouri fought efforts to adopt the SSTP in Missouri in 400+ page bills in the recently completed legislative session, primarily because of unintended consequences and mistakes contained in the language of the bills. The Court based at least part of its decision on protections in the South Dakota law against placing an undue burden on smaller retailers. In 2013, SB 23 removed some words from Missouri’s statute that would have provided such an exemption by requiring gross receipts to exceed $500,000

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Mark J. Rhoads: Tariffs Threaten Missouri’s Key Industries

Mark J. Rhoads, Missouri Energy Forum The Trump Administration announced that it would move to impose $50 billion in tariffs on Chinese products which elicited an immediate response from China that it would retaliate in-kind. News reports indicate that China plans to answer with additional tariffs of 25% on $50 billion worth of U.S. products which include agricultural products, automobiles and seafood. This most recent announcement by the Trump Administration follows an announcement that it would impose a 25% tariff on steel and aluminum products produced in Mexico, Canada and the European Union, which again elicited a tit-for-tat response from those allied countries. Missouri leaders must pay attention to these trade-war developments as they impact two of Missouri’s major industries – agriculture and automobile manufacturing. Additionally, the tariffs impact the nation’s ability to continue to lead the world in oil and natural gas production because our industry relies upon production of specialty steel products that are not produced in America.

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Regional workforce development meetings start with statewide economic summit

The Missouri Department of Economic Development (DED), the Missouri Department of Higher Education (DHE), and the Hawthorn Foundation are launching an initiative to help Missouri meet its workforce needs. Associated Industries of Missouri is participating in the effort as well as other business, political and civic leaders across Missouri. The project is a set of initiatives that brings together two programs: the DED’s “Best in Midwest” economic development strategic plan and “Talent for Tomorrow”, an effort of DED, DHE and the Hawthorn Foundation to develop an overall workforce strategy. The project will be guided by a task force of thought leaders from business and industry, education, trade, the public workforce system, state and federal government, and the legislature. Ray McCarty, president and CEO of Associated Industries of Missouri, is a member of the task force. “Workforce development – finding and developing the talent in workers to prepare them for the jobs or today and tomorrow – is critical to all

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NAM releases statement on Trump’s Ex-Im nominee

The President and CEO of the National Association of Manufacturers, Jay Timmons, released a statement on President Trump’s nominee to lead Export-Import Bank, Kimberly Reed: “Kimberly Reed is a sterling choice for the Export-Import Bank, and in nominating her to lead the agency, President Trump is standing with America’s manufacturing workers. For too long now, the Ex-Im Bank has been hobbled, unable to ever consider action on large deals, while manufacturers lose out on business and jobs to our overseas competitors. At least 85 foreign government-backed export credit agencies, including those in China, are working aggressively to support their own domestic industries. America cannot afford to let them win any longer. Manufacturers call on the Senate to act swiftly to confirm Ms. Reed and the remaining Ex-Im Board nominees.” READ MORE HERE

Justice Kennedy announces retirement

Justice Anthony Kennedy has announced his retirement from the Supreme Court. Kennedy’s resignation will be effective July 31st. His retirement is likely to start an intense confirmation battle. President Trump announced that Kennedy’s successor will come from a preexisting list of twenty-five candidates. This list is available here. READ MORE HERE

EU imposes tariffs on US goods

The European Union began enforcements on tariffs on Friday. Tariffed items included, bourbon, peanut butter and orange juice. These tariffs are part of a growing trade rift that has a good chance of escalating. The EU imposed tariffs $3.4 billion of U.S. goods. These are retaliation for duties imposed on European steel and aluminum. READ MORE HERE