News and Analysis
This week the National Association of Manufacturers released the fourth quarter results of its Manufacturers’ Outlook survey, a survey of its members, showing that manufacturers’ confidence in the economy is at an all-time high.
Additionally, the survey showcases the importance for tax reform toward economic growth.
Here are some of the survey findings:
- 94.6% said they are positive about their own company’s outlook. This is a record high for the 20+ years that this survey has been performed.
- 63% said comprehensive business tax reform would encourage their company to increase capital spending.
- 58% said they would expand their businesses if the tax reform package passed.
- 57.9% said they would hire more workers if the tax reform package passed.
Here’s more from the survey. 12/13/2017
Cleveland CBS affiliate News 19 ran this nice story about Northeast Ohio manufacturing featuring OMA member Jack Schron, Jr., President, Jergens, Inc., Cleveland. 12/13/2017
Ohioans may be voting to legalize recreational marijuana next fall. The proposal would be sponsored by a company that lost out on one of the state’s medical marijuana grow licenses. Jimmy Gould and Ian James, backers of the failed 2015 recreational legalization measure, are prepared to move ahead with the “Regulate Marijuana Like Alcohol Amendment.”
Gould outlined the proposal in a press conference this week and announced that a draft amendment is planned for a January roll out. Generally, the proposal would have recreational marijuana production and sales regulated similarly to liquor regulation in Ohio. In addition, the plan would allow people 21 and older to grow up to four marijuana plants per household.
The pair spent more than $20 million on the 2015 campaign and said they were prepared to spend millions in 2018. 12/14/2018
Supreme Court of Ohio Justice William O’Neill, a Democrat, announced earlier this autumn that he would run for governor in 2018. Justice O’Neill is barred from re-election to the Supreme Court due to age limits.
Upon announcing his gubernatorial aspiration, Justice O’Neill was prompted to recuse himself from all pending court rulings. More recently Justice O’Neill became embroiled in controversy stemming from social media statements he made. This, combined with his intent to remain a compensated member of the high court throughout the 2018 campaign, has prompted various parties to call for his immediate resignation.
In the past week, Justice O’Neill has promised to resign by January 26; Ohio legislative leaders have pledged to begin removal proceedings.
If O’Neill does leave the court, Governor Kasich will have an opportunity to fill the vacancy by appointment. Top contenders are Judge Craig Baldwin and Judge Mary DeGenaro, both of whom were recently endorsed by the Ohio GOP as candidates in the 2018 Supreme Court election next fall. 12/14/2017
McKinsey continues its study of the “future of work” with a new report, “Jobs Lost, Jobs Gained: Workforce Transitions in a Time of Automation.”
The firm looks at trends with an eye for possible outcomes from 2016 to 2030, when perhaps one third of the American workforce will be forced to gain new skills to find new work. The study finds a global job dislocation of between 400 and 800 million people.
“Faced with the scale of worker transitions we have described, one reaction could be to try to slow the pace and scope of adoption in an attempt to preserve the status quo. While this may limit the workforce transitions, it would affect the contributions that these technologies make to business dynamism and economic growth, via the contribution to productivity growth, and which in turn leads to jobs growth and prosperity,” write the researchers.
McKinsey’s call to action: “We should embrace these technologies but also address the workforce transitions and challenges they bring. In many countries, this may require an initiative on the scale of the Marshall Plan involving sustained investment, new training models, programs to ease worker transitions, income support, and collaboration between the public and private sectors.” 12/14/2017
At its meeting this week, the OMA board of directors gave Kurt Tunnell, managing partner, Bricker & Eckler, its Legacy Award for his long service to the OMA and its board.
Kurt has been the OMA’s general counsel since 1995. Kurt is stepping down from Bricker at the end of January.
Christopher Slagle of Bricker will become OMA’s general counsel. 12/5/2017
Pictured: Scott Balogh, president & CEO, Mar-Bal, Inc. and OMA chairman, Kurt Tunnel, and OMA president Eric Burkland
The OMA Board of Directors this week met with Lt. Governor Mary Taylor who is one of three GOP candidates for Ohio governor in 2018.
Directors listened to the candidate’s plans and vision for Ohio. Taylor responded to directors’ questions about the issues that impact manufacturing competitiveness including workforce development, taxes, regulation and energy costs. 12/6/2017
After months of speculation the former director of the Consumer Financial Protection Bureau, Richard Cordray announced his candidacy for Ohio Governor. Mr. Cordray, who is a democrat previously served as both Ohio Treasurer and Attorney General. Politicos long thought that Cordray would eventually return to Ohio and enter the race for Governor.
Cordray faces state Sen. Joe Schiavoni, Dayton Mayor Nan Whaley, former U.S. Rep. Betty Sutton, former state Rep. Connie Pillich and Ohio Supreme Court Justice Bill O’Neill for the democratic primary next year. 12/7/2017
The Manufacturers Marketplace is a unique manufacturers-only digital marketplace featuring interactive listings and information on more than 300,000 leading U.S. manufacturers, including more than 15,000 in Ohio.
Created in collaboration with the National Association of Manufacturers (NAM), the Marketplace is now available to members of more than 20 state manufacturers’ associations, including OMA members.
Manufacturers Marketplace is a tool for manufacturers in Ohio and the U.S to help find potential U.S. customers and suppliers.
What Google and Yahoo did for online searches, Manufacturers Marketplace is intended to do for buyers and sellers in the manufacturing economy whether they’re large or small firms. The goal is to create the most comprehensive, simple to use and innovative industry network in the market.
Manufacturers Marketplace works by including manufacturers of all sizes whether they are a member of the OMA or the NAM or other participating state manufacturers’ associations. As manufacturers access the Manufacturers Marketplace, they are prompted to search and then claim their listing. From there, registered users are prompted to expand their listings with detailed information, including additional locations, certifications, equipment, capacity and much more.
As manufacturers add information to the listings, the Marketplace becomes an even more powerful tool.
Manufacturing members of the OMA qualify for the annual member price of $500, a $2,000 savings. Sign up for any of the upcoming free webinar demos to learn more. Or, go to Manufacturers Marketplace and use the December discount code of OHIOAYKL1217 to join now. 12/4/2017
This week the Senate Local Government, Public Safety and Veterans Affairs Committee unanimously reported out of committee Senate Bill 223. In sponsor testimony Senator LaRose stated: “This legislation will prohibit a supplier from installing unsafe used tires in Ohio. SB 223 will protect consumers from an increased risk of tire failure that can lead to loss of vehicle control.” Ohio’s tire manufacturers and the OMA support the bill. OMA provided proponent testimony. 12/6/2017