Wishing You Success This Month...
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Our job here at RIMA is to give you, the manufacturers, the ability and resources to continue and compete and grow among others in the industry. We are excited to share a number of upcoming events and stories with you!
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2018 RIMA Legislative Achievements
- This was a challenging year in the General Assembly for legislation submitted at the State Level; nonetheless RIMA accomplished quite a bit on several fronts. The first was regarding the “Sole-Prop” Healthcare legislation submitted by Representative Deb Ruggiero, Chair, House Committee on Small Business
- RIMA and other business groups led the charge to get this legislation passed. In a collective effort between the House and Senate this important legislation was passed
- This legislation will allow small businesses with one owner and S-Corps to return to the small group market to purchase healthcare and secure representation from a broker or agent
- We opposed several pieces of legislation that would be a burden to the business community -especially manufacturers
- We have been influential regarding manufacturing issues by meeting with those Senator’s and House Representatives. Numerous meetings on other pieces of legislation resulted in these individuals listening and understanding the implication of possible passage. More than ever, we have presented RIMA as part of the solution and not part of the problem
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Upcoming Events!
RIMA announces a collaborating with OSHA for a discussion on September 11th from 8 am to 9:30 am
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MFG Month is October!
Save the Date
10/22:
Join us at the Marriot on Orms St Providence for a Q&A with our Congressional Delegation
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National Association of Manufacturers News...
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- Job opening in the manufacturing sector recently soared to the highest reading since January 2001, with 451,000 opening in April, up from 421,000 in March
- Overall, the pace of manufacturing job openings has trended higher, consistent with the tight labor market seen in other data
- While the generation of new obs is nearly always welcome news, the gap between the number of manufacturing workers and avaliable manufacturing jobs-often a result of the fact that there simly are not enough qualified applicants to fill them- is a serious problem for manufacturers
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NAM Q2 Survey Shows All-Time Record for Optimism
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- On 6/20, the NAM issued a press release announcing the resukts of its Manufactuers; Outlook Survey for the second quarter "which showed that 95.1% of manufactuers have a positive outlook for their companies"
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NAM: Manufacturers Need Administration to Bring China Back to the Negotiating Table
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- NAM President and CEO Timmons released a statement "For too long, China has reaped the rewards of unfair trade practices and intellectual property theft, exploiting loopholes in decades-old agreements
- Manufacturers want to see the administration get China back to the negotiating table as soon as possible in order to pursue a trade agreement that will redefine the US-China economic relationship for the better
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Global Economy Expansion Despite Persisting Trade Issues
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- The J.P. Morgan Global Manufacturing PMI edged down from 53.1 in May to 53.0 in June, the lowest level since July 2017
- Since reaching a seven-year high in December (54.5), the data has seen a decrease, but the data remains encouraging overall
- Employment was also promising, one of the few indices making progress in June
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In the most recent NAM Manufacturers' Outlook Survey, respondents cited accelerating raw material costs as the number two business concern, with prices expected to rise over the next 12 months at the fastest pace in 7 years
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President Trump To Sign Executive Order At Workforce Development, Pledging to Invest in "Reskilling" American Workers
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- President Trump will host a workforce development at the White House, with business leaders, workers and cabinet secretaries
- President will sign an executive order and will be joined by US companies signing "a pledge to the American Worker"
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Increased Job Opening in the Manufacturing Sector
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- Manufacturers posted 441,000 job openings in May, down slightly from 452,000 in April
- The number of manufacturing job postings has remained highly elevated even with the easing in May, exceeding 400,000 for the fifth consecutive month (and in 9 of the past 12 months)
- In addition, job openings for non-farm payroll businesses declined from April's all-time high, dropping from 6,840,000 in April to 6,638,000 in May
- This is a sign of a very tight labor market and helps to explain why difficulty in attracting talent remains such a large challenge right now
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House Passes Cicilline's Defense Manufacturing Communities Initiative
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- Provision to strengthen Rhode Island's defense industry included in Defense bill along with language to strengthen textile manufacturers
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Federal Reserve Reports Manufacturing Production "Rebounded Strongly in June"
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- "Output in the sector increased 0.8 percent in June, after falling 1.0 percent in May"
- "Over the past 12 months, production in the sector has risen a respectable 1.9 percent"
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- At IMTS 2018, automation technologies will give dimension to the wide-open space between CNC machines and the Cloud where information waits- where production data, work-in-progress data, and ultimately new-order data are waiting to be located, referenced, collected, and posted
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Global Manufacturing News
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Trump's Tariff Barrage Pushed China Fight to Point of No Return
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- "For over a year, the Trump administration has patiently urged China to stop its unfair practices, open its market, and engage in true market competition," Trade Representative Robert Lighthizer said. "China has not changed its behavior"
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Lumetta Adds to its Sales Team
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- Lumetta, a Rhode Island-based national decorative luminaire manufacturer serving the commercial market, recently added Mike Floridia to its sales team
- Mike comes from the lighting industry, holding a senior executive for nearly 17 years
- Together with other members of the team, Mike is committed to maintaining the strong relationships Lumetta enjoys with its network of high performing lightning agencies and specifiers
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This Month's Member in the Spotlight...
Lumetta
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Interested in Membership?
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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 like-minded organizational partners to amplify our cross-industry interests throughout the state
We Help Solve Problems
- A clearinghouse of information:
- We connect you with local suppliers and potential customers
- We can elevate your legislation 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
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