PMPA Business Trends April 2021 

Our PMPA Business Trends performance and sentiment indicators this month justify our continued optimism about the markets and employment prospects for our precision machining industry in 2021. The numbers reflect both a current and continued positive reality for our precision machining shops. Our estimate for the average sales at the end of the year is positive and above the levels we saw in 2018 and 2019, Prior to COVID-19.

 

PMPA Business Trends April 2021

 

Northern Ohio Chapter President’s Roundtable

June 21, 2021

Square 22 13485 Pearl Road Strongsville, OH 44136

 

PMPA is excited to announce the return of onsite face-to-face events, beginning with our ever-popular President’s Roundtable Meeting.

PMPA President Tom Halladay, President of H & R Screw Machine Products, Inc., Reed City, Michigan, and new PMPA Executive Director Cate Smith will be visiting shops in your area and will be the featured speakers at the June 21st evening dinner. Tom will share his company’s history and how they met with the past year’s COVID crisis and obstacles, and how they survived.

Cate will provide an update on PMPA and all the great webinars, podcasts and programs that were developed throughout 2020, as well as a look ahead to the coming year, PMTS, and how our members have come through this challenging year “Better Together.”

Join your fellow Chapter members to hear Tom and Cate, and to network face-to-face with your peers to share your challenges, obstacles, and achievements since we have last been together.

 

REGISTER HERE

 

FP Flash Survey Reveals That Most Employers Continue to Refrain From Mandating COVID-19 Vaccine But Vast Majority Encouraging It

 

Fisher Phillips logo

It appears an overwhelming number of employers are not mandating their employees receive the COVID-19 vaccine – more than four in five – but are instead encouraging their workforce to get inoculated from the virus. That’s according to a survey conducted by Fisher Phillips, with over 600 respondents providing their thoughts between May 14-19. The most recent survey –  which follows a similar survey the firm conducted in January 2021  – sheds light on the rationale behind these business decisions and reveals some shifting attitudes on this topic over the last few months. 

 

VIEW/DOWNLOAD INFOGRAPHIC HERE

 

VIEW/DOWNLOAD FULL REPORT HERE

PMPA/ITR Economics Forecast Report May 2021

 

According to the most recent economic report from ITR Economics (PMPA’s retained economic forecasters), the economic outlook looks very positive and will remain so moving forward.

The US economy is revving up and will continue to rise.  Leading indicators point to a sustained rise this year, with 2021 coming in stronger than 2020 for the majority of markets.   Although COVID-19 still poses risks, consumers will likely feel safer to venture out to restaurants and to shop, and business and leisure travel will help assist the recovery of the hospitality, airlines and oil markets.

Read the full report below for more detailed information on ITR’s forecast regarding inflation and the global supply chain strain.  Is your business positioned to address the cyclical rise ahead and the record high activity in the industrial sector next year?

 

PMPA/ITR Economics Forecast Report May 2021

 

Ohio Jumps Aboard CDC’s Masking Guidance for Those Fully Vaccinated: What Businesses Need To Know

 

Fisher Phillips logo

Following last week’s recommendation from the Centers for Disease Control and Prevention (CDC) that fully vaccinated people are no longer required to wear a mask or socially distance in most settings, the Ohio Department of Health just issued a new Health Order to conform to the CDC’s guidance. What do Ohio employers – especially retail establishments – need to know about the May
17 Revised Health Order?

 

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5-18-21 State Workforce Grants, Tax Incentive Tracking Matrix provided by The Franklin Partnership

Franklin Partnership

Florida: Incumbent Worker Training –  applications open July 1: With a focus on helping Florida’s small businesses, the grants reimburse companies up to 75 percent for pre-approved training costs. Companies choose their training provider based on the skills needed. Applying online is easy and approval is quick. https://careersourceflorida.com/training-grant/

 

Iowa: STEM Internships – applications open July 1: The Science, Technology, Engineering and Mathematics (STEM) Internship program provides grants to Iowa companies for internship programs with a goal of transitioning interns to full-time employment in Iowa upon graduation. The goal is to retain educated workers in Iowa. Must participate in a substantive experience in an area closely related to the student’s STEM field. Maximum award to an employer in any one fiscal year shall not exceed $50,000. For every two dollars of wages earned by the student, one dollar paid by the employer is matched by one dollar from the Iowa Economic Development Authority (IEDA) and up to $5,000 per intern. https://www.iowaeda.com/grow/stem-internships/

 

Missouri Works Training: – The Tax Credit Accountability Act Reporting Form must also be submitted to the Department of Revenue by June 30th each year the company receives tax credits and for the three years following the issuance of the tax credits. As the state’s number one incentive tool for expansion and retention, this program helps businesses access capital through withholdings or tax credits to embark on facility expansions and create jobs. This program can also help businesses purchase equipment to maintain its facility in Missouri. The Tax Credit Accountability Act Reporting Form must also be submitted to the Department of Revenue by June 30th each year the company receives tax credits and for the three years following the issuance of the tax credits. https://ded.mo.gov/programs/business/missouri-works

 

Other Grants: Dept. of Labor ETA: Workforce Opportunity for Rural Communities (WORC). Award floor $150,000; ceiling $1,500,000. Application Deadline July 1. The WORC Initiative is designed to facilitate the alignment of workforce development efforts with existing economic development strategies in rural communities hard hit by economic transition and recovering slowly. The WORC Initiative provides grant funds to enable impacted communities to develop local and regional workforce development solutions aligned with existing economic development strategies and community partnerships to promote new, sustainable job opportunities and long-term economic vitality. These grants support workforce development activities that prepare dislocated workers, new entrants to the workforce, and incumbent workers for good jobs in high-demand occupations aligned with a regional or community economic development strategy. https://www.grants.gov/web/grants/view-opportunity.html?oppId=333025

 

Other Grants: National Science Foundation Improving Undergraduate STEM Education: Education and Human Resources: EHR is a core NSF STEM education program that seeks to promote novel, creative, and transformative approaches to generating and using new knowledge about STEM teaching and learning to improve STEM education for undergraduate students. The program is open to application from all institutions of higher education and associated organizations. NSF places high value on educating students to be leaders and innovators in emerging and rapidly changing STEM fields as well as educating a scientifically literate public. In pursuit of this goal, IUSE: EHR supports projects that seek to bring recent advances in STEM knowledge into undergraduate education, that adapt, improve, and incorporate evidence-based practices into STEM teaching and learning, and that lay the groundwork for institutional improvement in STEM education. In addition to innovative work at the frontier of STEM education, this program also encourages replication of research studies at different types of institutions and with different student bodies to produce deeper knowledge about the effectiveness and transferability of findings. https://www.nsf.gov/pubs/2021/nsf21579/nsf21579.htm

 

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WEBINAR: PMPA Michigan Chapter’s Legislative Roundtable

 

If you missed our discussion of federal, state and local legislative and regulatory issues that affect the daily operations of PMPA members in the State of Michigan by Omar Nashashibi, Founding Partner of The Franklin Partnership, PMPA’s Legislative Affairs then click the button below to see what you missed! 

 

VIEW WEBINAR HERE

5-14-21 COVID Update Provided by The Franklin Partnership

 

Franklin Partnership

As always thank you to The Franklin Partnership as they help us make sense of the issues as the uncertainty our shops are facing continues to grow.

  • CDC and EEOC Testing and Vaccination Requirements
  • CDC Reopening Guidelines
  • Federal Unemployment Insurance Challenges
  • PPP Loan Update
  • Infrastructure Talks Status
  • Tax Increase Timeline
  • Supply Chain Disruptions

 

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