Wishing You Success This Month...
|
|
Our job here at RIMA is to give you, the manufacturers, the ability and resources to continue and compete to grow among others in the industry.
We are excited to share a number of upcoming events and stories for you!
|
“Governor [Gina M.] Raimondo aims to provide more support for smaller manufacturers in our state – support for activities such as R&D that will lead to new products and new jobs for Rhode Islanders,” said Secretary of Commerce Stefan Pryor in a statement. “This expansion of the Innovation Voucher program is another important step toward the fulfillment of the governor’s goal. We thank the Rhode Island Manufacturing Association for advocating this revision and for their partnership in promoting manufacturing in our state. We also thank the General Assembly for enacting this key change.”
|
|
Upcoming Events!
March 1, 2018
May 9, 2018
June 4, 2018
|
|
Top Stories of The Month...
|
|
American Tool Company Celebrating 100 Years Providing Quality Machining Services!
|
|
|
|
|
In Post-SOTU Bloomberg Interview, NAMS's Timmons Says He Is "A Huge Optimist" On Manufacturing Employment, Calls For Focus On Infrastructure In 2018
|
|
Amgen Announces Plans For $300 million US Manufacturing Plant, Credits Tax Reform
|
Amgen Inc. announced on Thursday that it would invest an estimated $300 million to build a new manufacturing plant in the US. It is part of a $3.5 billion overall campaign of capital expenditures the company plans to pursue over the next five years
|
|
|
A Report Issued by The U.S. Bureau of Labor Statistics Reported That Overall Labor Productivity is Down, but Manufacturing Productivity is Up
|
|
|
|
|
Labor Department: Economy Added 200,000 Jobs in January, Wages Accelerated At Fastest Pace in 8 Years
|
|
ISM Index Finds US Manufacturing Expanding At Fastest Rate Since 2004
|
Bloomberg News (2/1, Chandra) writes that the January report from the Institute for Supply Management (ISM), released on Thursday, found that "US factories expanded more than forecast in January and near the fastest pace in more than 13 years, indicating manufacturing was still powering ahead at the start of 2018."
|
|
|
National Association of Manufacturers News
|
|
NAM Chairman Farr: Expect To See Manufacturing Wages Continue To Grow
|
In an interview with Bloomberg News (2/16) on Friday, NAM Chairman and Emerson Chairman and CEO David Farr noted that the growth in manufacturing wages began last summer, prior to the enactment of tax reform, adding that wages have increased and he expects that to continue for several years.
|
|
|
Global financial markets have been highly volatile over the past week, starting with U.S. equities following last Friday's strong job numbers. The data showed manufacturers adding 15,000 workers on net in January, with 15,750 employees per month on average in 2017. The tight labor market conditions were further illustrated by solid wage growth, including 2.8 percent gains in the manufacturing sector over the past 12 months.
|
|
|
US Manufacturing Expands In January
- U.S. manufacturing remained in growth mode in January, while the overall economy expanded for the 105th consecutive month, according to new figures released by the Institute of Supply Management in its monthly Manufacturing ISM Report.
- The January PMI registered 59.1 compared with a seasonally adjusted reading of 59.3 in December.
- Manufacturing's expansion was "led by continued expansion in new order and production activity, with employment growing at a slower rate and supplier deliveries continuing to struggle,"
|
|
|
|
|
Has US Manufacturing Been Unleashed?
- There is reason for optimism but by no means are we back to what anybody would call an historic norm for manufacturing growth," said Cliff Waldman, chief economist at the MAPI Foundation. Between 2013 and 2016, he noted, the manufacturing sector was "almost stagnant" at about 0.5% growth on average. In 2017, it grew to 1.3%.
- For 2018, Waldman is forecasting that manufacturing will "plod forward" at 1.5% to 2.0% growth.
- Waldman said the U.S. has suffered for years from weak productivity growth and an underlying cause of that was the failure to invest in new technology and machinery.
|
|
This Month's Member in the Spotlight is...
Atlas Pallet!
|
|
- Atlas Pallet is a third generation family owned and operated business. Located in northern Rhode Island, Atlas Pallet has been a regional recycling leader since 1955.
- In our seventh decade of pallet recycling, we have developed expertise in pallet recycling that newcomers to the industry do not possess.
- Our dedicated sales team works hard to understand your business needs and will help you achieve maximum pallet cost efficiency.
- Always focused on building long term business partnerships, Atlas Pallet has distanced itself from its competition with a reputation for impeccable quality and service.
|
|
|
National Marker Company Pacers
|
- National Marker is a proud supporter of The Autism Project, a local RI foundation that provides support, training, and programming to children and adults with an Autism Spectrum Disorder, their families, and those who work with them. As an organization, we have many friends and family members who are touched by Autism, and it is our mission to do what we can to help improve the lives of people with an Autism Spectrum Disorder.
- National Marker is so excited to participate in the 16th annual Image Walk and Family Fun Day for Autism on Sunday, April 29th! Due to your immense generosity, we have raised over $75,000 in the last five years for this amazing cause. NMC was the number one fundraiser in the state of RI for the second year in a row, raising $24,000! This year, we hope to surpass that; will you help us exceed our goal of $25,000?
|
|
|
Interested in Membership?
|
|
We Advocate for Manufacturing
- Let RIMA keep you informed on the local, state and federal levels critical issues
- Ensure your concerns are being raised with government leaders of our state.
We Promote Economic Improvement
- We offer networking opportunities to our members
- We promote and support a more competitive business climate.
- We collaborate with likeminded organizational partners to amplify our cross-industry interests throughout the state
We Help Solve Problems
- A clearinghouse of information :
- We can connect you with local suppliers and potential customers
- We can elevate your legislative and regulatory concerns to public officials
We Support Education and Workforce Development
- RIMA‘s partner, We Make RI, develops career education programs to help companies identify and secure talented workers through certified apprentice programs
|
|
|
|
|
|
|
|
