Sunbelt Business Advisors of Southwest Ohio的动态

October is Manufacturing Month, and Kentucky is leading the way. Governor Andy Beshear's latest announcement underscores the state’s impressive momentum in manufacturing, and we’re here for it. Here’s what’s happening: ?? Over 6,000 manufacturing facilities employing 260,000+ Kentuckians ?? Contributing $38 billion annually to the state’s GDP ?? 730+ new projects since 2020, adding 35,700+ jobs ?? $27.2 billion in new investments driving growth Why it matters: ??? Job Creation: Manufacturing is fueling employment across Kentucky. ??? Economic Diversity: The state’s industry is evolving, from food and beverage to aerospace and electric vehicles. ?? Wage Growth: Average incentivized hourly wages exceeded $26 in 2022 and 2023. #EconomicDevelopment #Manufacturing #Kentucky #JobCreation Kentucky Cabinet for Economic Development https://lnkd.in/eNMGkSFu

President Eisenhower once remarked, ‘Farming looks mighty easy when your plough is a pencil, and you’re a thousand miles from the cornfield’. As someone whose first job was on a farm, I concur with Mr Eisenhower. This quote also encapsulates Labour’s evolving relationship with business, particularly courting investment; it looks and feels very easy when 1000 miles away in opposition, and you can blame the country’s woes on the government of the day and tell corporate leaders what they want to hear. Once you’re in the cornfield, the reality is different – as Labour will continue to discover, despite big and shiny announcements arising from yesterday’s investment summit. Most serious Labour people realise that if they are to put their plans into practice, they need business – and, more importantly, investment. This investment, for the most part, must come from global investors, given that, unlike some of our counterparts, we make it exceptionally difficult to invest our own capital in UK assets. But there are two problems. Firstly, the Labour leadership is being reminded that the aims of trade union leaders are not completely aligned with those of business leaders. That is not to say these two groups are completely incompatible. In Germany, for example, more pragmatic trade unions often work in partnership with businesses or at least try, recognising that they need business as much as business needs workers. The trouble is that in the UK we don’t really do sensible union leaders, with most of those paid vast sums to ‘lead’ our largest trade unions viewing their role as little more than student politicians who have spent too much time reading ‘Das Kapital’. ??Oliver Middleton https://lnkd.in/eSjiD2Pz

FTC Ban on Noncompetes Is a Victory for the US Economy. It’s easy to understand why the US Chamber of Commerce is so upset about the Federal Trade Commission’s decision to ban noncompete agreements. The problem for businesses is not that they will lose trade secrets or valuable investments in workers to competitors. It’s that they just lost bargaining power to workers — and that’s exactly what the FTC intended. https://lnkd.in/eJRk2nf2

If you are a working class person here's an interesting prospective based on truth, facts and data from the President of the United Automotive Workers Union Shawn Fain as he discusses the difference between the two presidential candidates. First time in history that a sitting president walked the UAW picket line! "Joe Biden has a history of serving people and standing with working class people and Donald Trump has a history of serving himself and standing for the billionaire class." "This is the person that we believe is going to represent our interest the best and represent working class interest the best." "As you know 75% of Americans supported us in that fight. Why? Because those are the issues that matter to all Americans regardless if you are union or not. These are the issues that matter and so when you look at who represents those issues and it's very clear that Joe Biden stands more, his vision and his life of serving is more aligned with those issues than Trump's." A fair living wage is not to much to ask from Corporate America who is making billions of dollars in profit. President Biden represents the working class worker and that's 85 - 90% of Americans and Donald Trump represents the Corporate America and the wealthiest of Americans. Remember Trump's 2017 Tax Cuts and Jobs Act, that legislation was the largest overhaul of the?tax code?in three decades. It cut corporate tax rates from 35% to 21% and made sweeping changes to the tax code that favored the wealthiest of Americans. If you are in the top 10 -15% of wealthiest Americans you are happy and if you are in the 1% you very very happy! Guess who pays for those tax breaks for Corporate America and the wealthiest of Americans? You and me, the 85 - 90% of working Americans! Biden for the working class and 85 - 90% of Americans. Trump for Corporate America and the wealthiest of Americans. Peace, LOVE and blessing and I LOVE you very much!!! https://lnkd.in/gTTFjPBE

June 28, 1894, President Grover Cleveland signed a law making the first Monday in September of each year a national holiday. Labor Day?celebrates of the economic achievements of American workers. We are the beneficiaries of a capitalist economy that thrives on the ingenuity of our labor force. Products don’t just make themselves; watch this video to understand how American creativity and labor resources have become the engine of prosperity. https://lnkd.in/gmwgSwx5

?? Hear hear Chris Corkan Make UK ?? A #longterm #industrial #strategy will significantly boost the #economy by attracting #investments, creating good #jobs, and enhancing #productivity It will provide clear #policy #pathways, instill #investor confidence, and ensure #sustainable #growth As Chris Corkan rightly says, rapid action on such a strategy is crucial to prevent losing billions in potential investments abroad #ukmfg #ukeng #togetherwearestronger #ukgov #support #share #yourvoicematters #industry #business #actnow ??????????????????????????

Angeli Benham of Legal & General Investment Management (LGIM) has written an excellent blog post on why investors should support the shareholder proposal we filed on LGIM America's behalf that asks Walmart to pay a #LivingWage. Poverty wages and #IncomeInequality threaten the entire economy and--by extension--diversified investors. To protect your portfolio, vote FOR Item 7 on June 5. #SystemStewardship #FiduciaryDuty

Illinois Governor JB Pritzker has proclaimed October 2024 as “Manufacturing Month” – once again honoring one of the state’s largest economic sectors! Illinois’ manufacturing industry generates between $580 billion and $611 billion in economic investment every year – the largest share of any industry to the state’s Gross Domestic Product. Manufacturing directly employs 662,298 workers but ultimately supports as many as 1,771,928 jobs, generating up to $150 billion in labor income for Illinois residents annually. In all, it’s estimated that the manufacturing industry supports nearly 30 percent of all jobs in Illinois, making it among the state’s largest industry sectors. Read the full proclamation here: https://lnkd.in/gePKZB_p #MFGDay24 Manufacturing Day

If you don’t recognize the potential calamity this represents for southern US economic development, time to start paying closer attention. For decades, southern states have relied on skilled, non-union labor and huge tax incentives to lure companies to open production and manufacturing operations in their states. If unions successfully form (like they’ve already done in TN), half that incentive equation evaporates and whatever economic development that HASN’T happened around homegrown innovation will become painfully apparent. https://lnkd.in/eJkdCXq7

A month after Keir Starmer’s landslide victory, the heads of the Trades Union Congress (TUC) and Make UK, which represents 20,000 employers across the UK, have joined forces to warn the government that rapid action is required to launch a long-term industrial strategy, or risk losing billions of pounds in investment abroad. In a joint interview with the The Guardian, Stephen Phipson, the CEO of Make UK, and Paul Nowak, the General Secretary of the TUC, said that putting good jobs at the heart of a robust and speedy industrial strategy would help employers and workers. “Please make this a priority,” said Phipson. “They have got thousands of things to do, we can see that. And they’re enthusiastic and all the rest of it. But they need to get on with it, because we can see the opportunity. “It’s been great messaging so far, and I can’t fault the amount of enthusiasm and engagement. But we’re just trying to remind them this has got to be a top priority.” “I’ve heard first-hand from some of the big names you will know. They say we have plans in Spain, in Germany. But they’re saying, where’s the plan for the UK? Why would I invest until then?” The joint intervention comes amid concern among some business leaders over Labour’s plans to strengthen workers’ rights, which the Confederation of British Industry (CBI) lobby group has pushed to soften after warning it could hit jobs and growth. However, Phipson said Make UK was “not in the same place as the CBI”, as #manufacturers had good relationships with trade unions and believed that better pay, terms and workplace conditions could help industrial companies to be more productive. “The #manufacturing sector is paying above average, we don’t tend to use zero-hours contracts, and we find discussions with Angela Rayner and her team really pragmatic around that,” he said. https://lnkd.in/eg6nzkHH Darren Grantham Dawn Huntrod Ben Courts Jim Davison Janis Richards Kerri-Anne Mruk #SupportUKmfg #ShoutAboutUKmfg #UKmanufacturing #UKmfg