News and Analysis
State Rep. Mark Romanchuk (R-Mansfield) has announced he will run for the upper house in 2020, vying to represent Ohio’s 22nd Senate District. The seat is currently held by Senate President Larry Obhof, who is term-limited.
In his announcement, Rep. Romanchuck said: “I look forward to continuing to fight for the conservative principles of lower taxes, less spending, and more jobs for the people of Richland, Ashland, Holmes, and Medina counties as a member of the Ohio Senate.”
Mark and his wife Zoi own a manufacturing firm, PR Machine Works, Mansfield, which is an OMA member. OMA staff members frequently work with Mark on policy matters. He brings a strong background in business and data analysis to his work in the General Assembly. Learn more about Mark and how to support his campaign. 8/1/2019
Richard Rogovin, chairman and general counsel of OMA member U.S. Bridge in Cambridge, Ohio, has been appointed to the advisory committee of the Export-Import Bank of the United States (Ex-Im). The advisory committee, as required by Congress, advises Ex-Im on its programs, which provide competitive financing to support American jobs through exports. Ex-Im is self-funded through user fees it collects.
In May, the U.S. Senate confirmed Kimberly Reed as president of the Ex-Im, along with two other board appointees, allowing the bank to once again approve loans greater than $10 million. The OMA strongly supports the Ex-Im, which serves 200 exporters in Ohio with a combined $1 billion in exports.
Ex-Im’s full operations risk ceasing again Sept. 30 when its charter is scheduled to expire. The NAM this week announced its support for bipartisan legislation that would reauthorize the bank for 10 years. 8/1/2019
In the latest 50-state comparisons by Business Facilities magazine, Ohio and its manufacturing muscle fare well in several categories. As expected, the Buckeye State finished strong for overall manufacturing employment (No. 3) and automotive manufacturing strength (No. 2). Some of Ohio’s other top 10 rankings include the following:
- 6th in Qualified Opportunity Zones;
- 7th in Solar Power (percentage of electricity);
- 8th in Percentage of Workforce in Manufacturing;
- 9th in Aerospace Production;
- 10th in Foreign Trade Zone Activity (imports);
- 10th in Tech Job Employment; and
- 10th in Tech Jobs Growth.
The publication found the best overall business climate in Tennessee, due in large part to its “customized workforce training, prefertilized sites, and lower industrial electricity costs.” 7/30/2019
The OMA has updated its annual Ohio Manufacturing Counts publication for 2019-2020. Compiled using research from state and federal agencies, the document is a data-driven look at the significant impact manufacturing has on Ohio’s economy.
Containing more than 20 pages of facts and figures, showcased with tables and charts, the publication includes findings such as:
> Manufacturing is responsible for around 17% of Ohio’s Gross Domestic Product – $107.9 billion in 2017 – making Ohio’s manufacturing sector the nation’s third largest after California and Texas.
> As the largest industrial sector in the state, manufacturing provides more than 700,000 jobs for Ohio workers.
> Manufacturers in Ohio have an annual payroll of $40 billion, the highest total annual wages of any Ohio industry sector.
Future updates to the publication will be made as new data become available. 7/23/2019
A new Quinnipiac Poll of Ohio released Thursday shows former Vice President Joe Biden as the only Democratic presidential candidate leading President Donald Trump in a one-on-one matchup, with the president virtually tied with five others.
Nationally, Biden holds a comfortable lead over the other top dozen Democratic presidential candidates, according to RealClearPolitics’ mix of polling data. 7/24/2019
Following the House’s final passage of the nuclear bailout bill, activity at the Ohio Statehouse will slow to a trickle for the rest of the summer.
Both the House and the Senate have issued their tentative session calendar for the second half of 2019, with both chambers set to be in session Wednesday, Sept. 18. 7/24/2019
OMA Connections Partner Calfee reports that federal agencies have recently released multiple sets of guidance. This action re-emphasizes the importance of implementing, maintaining, and enforcing effective corporate compliance programs. See Calfee’s report for details. 7/23/2019
If finding funding for innovation has been a barrier, manufacturers can receive up to $25,000 worth of innovation work with Eureka! Ranch, a leading provider of innovation services for more than 30 years. Eureka! Ranch’s Innovation Engineering teaches advanced methods and tools for creating big ideas, accelerating projects, and solving daily challenges. The grant funding pays for 80% of the costs associated with training, tools, and/or innovation projects to develop new or improved strategies, products, services, etc. But you need to act fast. Funding must be spent by Sept. 30, 2019. Learn more and check your company’s eligibility. 7/25/2019
August is nearly here and it’s time to start planning for Manufacturing Day — the annual celebration of modern manufacturing aimed at inspiring young people to consider manufacturing careers. This year, MFG DAY will be Friday, Oct. 4.
The OMA encourages members to open their doors to students, parents, teachers, and community leaders. (Here is who has already registered.) While MFG DAY is Oct. 4, companies and organizations should plan their events on the date in October that works best for them. Events can be marked as public or invitation-only. Here is how to register. 7/24/2019
Richard K. Smucker, executive chairman of the board of J.M Smucker Co. of Orrville — an OMA member company — will be inducted into the Grocery Manufacturers Association’s Hall of Achievement on Aug. 15 in Colorado Springs, Colo.
Richard will join his father (Paul) and brother (Tim) in the hall. His induction will bring to 47 the number of honorees since the award’s inception in 1984.
Congratulations to the Smucker family. 6/17/2019