News For Manufacturers

The Hill: Business lobby asks for action on tax breaks

A string of powerful business advocates is pushing lawmakers to act quickly on the dozens of tax breaks that expired at the end of 2014.

Five lobby groups in all called on tax writers in both the House and the Senate to restore the “vitally important” provisions, and said that failing to act would be nothing more than a tax increase that hurts the economy.

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Washington Examiner: Chamber sues EPA over water rule

The world’s largest business lobby is adding its voice to the legal fight against new Environmental Protection Agency water rules, which it says will add complexity and expense to new business ventures.

The U.S. Chamber of Commerce sued the EPA on Monday in U.S. District Court for the Northern District of Oklahoma over the agency’s recently implemented Waters of the U.S. rule, joining nearly 30 states and a growing chorus of industry groups challenging the rules as unconstitutional federal overreach.

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USA Today: Save Export-Import Bank: Our view

To someone new to the scene, it might seem as if both major parties are engaged in a war on exports.

Democrats took the offensive first, trying to kill an emerging Pan-Pacific trade agreement just as American manufacturers have become highly competitive and are looking for new markets overseas.

Now some Republicans have gotten into the act, too. They’re out to kill the Export-Import Bank of the United States, an agency that provides financing for foreign buyers of American goods. If they succeed, it will be a monumentally stupid, self-inflicted wound to the economy.

The bank’s charter expired at the end of June. It’s in a kind of limbo waiting for Washington to find some reason to renew it. The bank won’t be able to make or back any new loans, and it will soon wither and die if Congress doesn’t act.

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National Review: Don’t Let the EPA Win by Losing

The Supreme Court didn’t just issue a strong rebuke to the Obama administration’s environmental agenda last week. In ruling against the Environmental Protection Agency’s “Mercury and Air Toxics Standards” regulation — commonly known as MATS — the justices showed the danger of complying with a federal regulation before its future has been decided in court. This is an important lesson for states as the administration prepares to finalize its “Clean Power Plan” — a rule that could be significantly more costly than the one before the Court last week.

The court’s ruling in Michigan v. EPA came over three years after the EPA first proposed the MATS rule. The regulation, which went into effect in April of this year, sought to cut by 75 percent the amount of mercury, arsenic, and other emissions from coal- and oil-fired power plants. As of January 2015, it had already turned out the lights on nearly 61,000 megawatts — enough to power 15.5 million homes — of coal-powered electricity generation.

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Top universities, major laboratories continue to partner with Local Motors to develop new technologies for 3D-printed cars

Phoenix, Arizona (July 7, 2015) – Local Motors today announces the winner of its Project Redacted challenge, a design competition which will serve as the inspiration for the world’s first fleet of 3D-printed cars. The winning design of Project Redacted is Reload Redacted – Swim/Sport by Kevin Lo. In addition to its revolutionary design, the entry showcases many benefits of Direct Digital Manufacturing (DDM), including the ability to create a completely customizable vehicle. What’s more, its design boasts a flexible foundation that can support many different styles and technology options.

Local Motors is the first company to utilize DDM in vehicle production, with the goal of decreasing the amount of tooling while increasing speed to market for highway-ready vehicles. Local Motors proved the ability to build vehicles with DDM when it debuted the world’s first 3D-printed car, the Strati, in September of 2014.

“At Local Motors, we are hellbent on revolutionizing manufacturing,” said John B. Rogers, Jr., CEO and co-founder of Local Motors. “Car manufacturers have been stamping parts the same way for more than 100 years. We now have the technology to make the process and products better and faster by linking the online to the offline through DDM. This process will create better and safer products, and we are doing exactly that.”

Local Motors launched Project Redacted to challenge the co-creation community to imagine and design the next generation of 3D-printed cars. The winning entry will act as the foundation for the world’s first, and yet-to-be-named, road-ready 3D-printed vehicles. Local Motors plans to design, build and sell a Low Speed Electric Vehicle (LSEV) iteration, planned to debut in Q1 2016, as well as a fully homologated highway-ready version later that year.

The winning entry was chosen after a voting process that tapped the Local Motors community, as well as a professional judging panel, including former Tonight Show host and car enthusiast Jay Leno; SEMA Vice President of Vehicle Technology John Waraniak, and SABIC Senior Manager Geert Jan Schellekens.

“You need something that makes you go ‘what’s that?’” Leno said of the winning entry. “My top choice would be Reload Redacted – Swim/Sport because it’s sporty, fun, and you can commute in it.”

Top U.S. universities and national laboratories continue partnering with Local Motors

Local Motors today also unveils a fleet of vehicles it has coined LOCO University Vehicles. LOCO, short for Local Motors Co-Created University Vehicles, is one of the first steps in the company’s effort to change the automotive industry forever by partnering with some of the nation’s top universities and laboratories. The university partnerships will amplify 3D-printing and other technologies by co-creating with some of the best and brightest minds in the nation.

The first three universities to participate in the program are the University of Michigan (U of M), Arizona State University (ASU) and the University of Nevada at Las Vegas (UNLV).

Today U of M takes delivery of a LOCO, with its research efforts focusing on the development of autonomous (self-driving) technology. U of M plans to use the LOCO to develop a fleet of autonomous vehicles which will transport students around the University’s North Campus while also serving as the nation’s first testbed for on-demand autonomous.

“Think Uber, but with low-speed, autonomous cars,” said Ed Olson, an associate professor of Electrical Engineering and Computer Science at University of Michigan who leads the project. “The goal of this program is for us to begin to understanding the challenges of a transportation-on-demand system built around autonomous cars.”

The UNLV LOCO will also focus on autonomous vehicle technology. The partnership with Arizona State University will conduct and gather groundbreaking research on advanced materials. The goal with all the schools is to deliver the latest technology in additive manufacturing to the Local Motors community, who will be hard at work in the coming months co-creating on and bringing Reload Redacted to roads across America.

Cutting-edge technology will define all aspects of the 3D-printed car

DDM allows for the rapid adoption of new technology in vehicles. For example, the Local Motors co-creation community has built an electric powertrain test platform to explore advanced battery technology that will go into the 3D-printed car.

The battery technology in the test platform uses the same lithium ion chemistry used in existing electric vehicles (as well as iPhones). Local Motors is already working to identify numerous cutting-edge battery options. For example, the company is exploring lithium sulfur battery technology, which creates three times the energy at half the weight of lithium ion technology.

The electric powertrain test platform also serves as a base for the development of the powertrain that will be used in the 3D-printed vehicle. Local Motors is poised to leapfrog current EV technology within the next 12 – 18 months.

ABOUT LOCAL MOTORS: Local Motors is a technology company that designs, builds, and sells vehicles. From bytes-to-bits, the Local Motors platform combines global co-creation with local micro-manufacturing to bring hardware innovations, like the world’s first 3D-printed car, to market at unprecedented speed. To learn more about and join the Local Motors community, please connect on or follow on Twitter @localmotors. Discover more at

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Industry Week: How Will the Overtime Proposal Impact Manufacturers?

In the past couple of days, Bryance Metheny, a Birmingham, Ala., labor attorney, has heard plenty from his manufacturing clients about the Department of Labor’s new proposal on overtime pay. “They’re up in arms about it,” says Metheny, who primarily represents manufacturing employers.

Metheny says he’s been advising his clients for a while, however, that “substantial changes” were coming. “We’ve been hearing about it for over a year, the new minimum salary threshold.”

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U.S. Chamber: Commentary, Op-eds, and Blogs on the Export-Import Bank of the United States in June 2015

Additional information is available at

The Hill : The arguments for Ex-Im no one can rebut

June 29, 2015, 11:00 am— Written by John G. Murphy

I appreciated the opportunity to testify earlier this month before the House Financial Services Committee on the value of the U.S. Export-Import Bank (Ex-Im). While Chairman Jeb Hensarling (R-Texas) and some others on the committee made explicit their opposition to renewing Ex-Im’s charter, it was striking that no one was able to rebut my arguments about the indispensable role the bank plays in specific circumstances.

What is Seen and What is Unseen: The Invisible Beneficiaries of the Ex-Im Bank

Friday, June 26, 2015 – 9:00am — Written by John G. Murphy

In a hearing of the House Financial Services Committee earlier this month on the future of the U.S. Export-Import Bank (Ex-Im), a number of conservative lawmakers made reference to “What is Seen and What is Unseen,” an essay by the 19th century French political economist Frederic Bastiat. While they were attempting to draw attention to Ex-Im’s supposed unwitting victims, one of the bank’s unwitting beneficiaries made a surprise appearance as a witness.

It’s About to Get Real: How Closing Ex-Im Endangers American Jobs

Wednesday, June 24, 2015 – 5:00pm — Written by Stefanie Holland

The fight over the future of the U.S. Export-Import Bank (Ex-Im) is about to get real. Ex-Im’s charter will expire on Tuesday, after which it will no longer be able to provide loans or guarantees to U.S. exporters. Meanwhile, American jobs hang in the balance.

Texas Businesses Depend on the Export-Import Bank. Why Aren’t Perry, Hensarling Listening?

Thursday, June 4, 2015 – 4:45pm — Written by J.D. Harrison

It’s said that everything is bigger in Texas — and that’s certainly true of the stakes in the fight over the Export-Import Bank (Ex-Im). More than 1,000 companies in the Lone Star state rely on the federal export credit agency to help finance billions in international sales and support thousands of American jobs, according to Reuters. Why, then, are some of the loudest voices calling for eliminating the bank coming from those elected to represent Texas’s interests in Washington?

Chamber’s Ex-Im Message on the Hill and Beyond: ‘It’s indispensable’ for Small Businesses

Tuesday, June 2, 2015 – 4:30pm — Written by J.D. Harrison

Michael De Camp’s international customers consistently paid for orders on time, yet local banks weren’t willing to extend his company a loan against his foreign, uninsured orders. Consequently, De Camp’s small business — Eagle Labs of Rancho Cucamonga, California, which makes surgical equipment to repair cataracts and correct vision — couldn’t get the capital it needed to expand its business and create new jobs.


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U.S. Chamber: Commentary, Op-eds, and Blogs on the Export-Import Bank of the United States in May 2015

Additional information is available at

Would You Like Some Facts to Go with those Ex-Im Myths?

Thursday, May 14, 2015 – 9:00am — Written by Stefanie Holland

Without congressional action, the U.S. Export-Import Bank (Ex-Im) will close its doors on June 30. Against that backdrop, those campaigning against renewing the Bank’s charter have leveled a slew of misleading accusations. At times, the debate over Ex-Im sounds like a fact-free zone. Let’s dig into some of the charges.

Four Things Ex-Im Opponents Don’t Want You to Know

Monday, May 11, 2015 – 9:00am — Written by Thomas J. Donohue

If you look at the facts about America’s Export-Import Bank, there’s no compelling case against it. Perhaps that’s why opponents of renewing the Bank’s charter–which will expire on June 30 without congressional action–are going out of their way to avoid the truth. Instead, they are promoting a false and cynical narrative that threatens the 164,000 U.S. workers and $27.5 billion in exports that the Bank supports. Here are four things these opponents don’t want you to know about the Ex-Im Bank:

Here are 6 Things You Should Read Before Writing About the Export-Import Bank

Friday, May 1, 2015 – 2:15pm — Written by U.S. Chamber Staff

The Wall Street Journal’s Kim Strassel is usually quite good on business policy issues. It’s disappointing to read her column where she embraces a false narrative Export-Import Bank opponents are feeding opinion makers, blogs, and social media. Ex-Im isn’t a “bank to nowhere,” but a means for supporting 164,000 American workers and $27.5 billion in exports and help you understand why Congress should pass a long-term reauthorization.


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U.S. Chamber: Commentary, Op-eds, and Blogs on the Export-Import Bank of the United States in April 2015

Additional information is available at

Governors, Local Officials Call on Congress to Renew Ex-Im

Tuesday, April 14, 2015 – 12:45pm — Written by Stefanie Holland

With dozens of governors and other state and local officials weighing in, the debate over the future of the U.S. Export-Import Bank (Ex-Im) is coming to a head even as the expiration of its charter looms on June 30. The bipartisan coalition supporting Ex-Im is growing — from coast to coast and from city halls and state houses to Washington.

Africa, Asia Face $1 Trillion Trade Finance Gap — and the U.S. Should End Ex-Im?

Friday, April 3, 2015 – 11:00am— Written by Christopher Wenk

The WTO reports — six years after the darkest days of the financial crisis — there’s huge unmet demand for trade finance in the developing world, which today purchases over half of all U.S. exports


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U.S. Chamber of Commerce Commentary, Op-eds, and Blogs on the Export-Import Bank of the United States in March 2015

Additional information is available at

Ex-Im in the Real World: Get the Facts Straight

Wednesday, March 25, 2015 – 10:15am— Written by Christopher Wenk

The Chamber sent a letter backing a bipartisan bill to reform and reauthorize the Export-Import Bank. Freedom Partners responded with an email commenting on the Chamber’s letter and pushing its campaign to “end Ex-Im.” However, this purported “fact check” runs afoul of the real world pretty quickly.

Thousands of State Leaders Continue to Voice Support for Ex-Im

Tuesday, March 24, 2015 – 3:15pm  — Written by Stefanie Holland

The debate in Congress over the future of the U.S. Export-Import Bank (Ex-Im) is coming to a head as the June 30 charter expiration nears – and state leaders across the country are rallying to voice support for an extension.

1.4 Million Jobs at Risk if Ex-Im Bank Not Renewed, Warns Airplane Exec

Tuesday, March 17, 2015 – 3:45pm— Written by U.S. Chamber Staff

60 other countries have institutions like the Ex-Im Bank that provide trade financing.

This Maryland Company Would Shrink by 70% Without the Ex-Im Bank

Thursday, March 12, 2015 – 9:00am — Written by Ian Wagreich

If you want to know the importance of Congress reauthorizing the Ex-Im Bank, just ask Bobby Patton. The CEO of Patton Electronics Co., a communications equipment manufacturer in Gaithersburg, Maryland, says his business would be forced to shrink by 70 percent if the bank shuts down. Congress has until June 30 to act.


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U.S. Chamber: Commentary, Op-eds, and Blogs on the Export-Import Bank of the United States in February 2015

Additional information is available at

Business Makes Its Case on the Hill: Renew Ex-Im Charter

Wednesday, February 25, 2015 – 12:30pm — Written by U.S. Chamber Staff

The calls to renew the charter of the Export-Import Bank of the United States are being amplified this week to Congress by nearly 1,000 small companies and suppliers who feel its impact firsthand.

Fox Business Op-Ed: Main Street Needs Ex-Im Bank

February 24, 2015 — by Thomas J. Donohue

Nearly 1,000 small business owners and workers from mid-sized manufacturers are coming to Washington this week with one goal: To urge Congress to renew the charter of the Export-Import Bank of the United States (Ex-Im).


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Dec 12 2014

Washington, D.C. ­– U.S. Senator John McCain (R-AZ) today released the following statement applauding Senate passage of the Carl Levin and Howard P. “Buck” McKeon National Defense Authorization Act for Fiscal Year 2015 and those provisions within it that are of significant importance to the State of Arizona:

“I am very proud that this year’s National Defense Authorization Act recognizes Arizona’s vital contributions to America’s national security.

“Despite the Obama Administration’s attempt to retire the A-10 fleet, this year’s NDAA actually prohibits any A-10 retirements in 2015, recognizing their important close-air support mission in the fight against ISIS in Iraq and Syria today. If elected as Chairman of the Senate Armed Services Committee early next year, I plan to exercise rigorous oversight of the Air Force’s actions related to the A-10 in that capacity.

“Further, the NDAA has several provisions supported by Arizona’s defense industrial base, including increased funding for Tomahawk missile purchases, necessary and predictable resources for the Army’s Apache helicopter, and a prohibition on transfers of the Arizona National Guard’s Apache helicopters.

“Whether it is unmatched Arizona flying weather, world-class training facilities, strong community support for Arizona military bases, remarkable technological contributions of our defense industrial base, or the patriotic men and women of our state who volunteer to serve in uniform, Arizonans can be deeply proud of the outsized role we play in protecting and defending our nation.”


Arizona-Related Provisions of the FY 2015 National Defense Authorization Act (NDAA):

Prohibiting Retirement of the A-10

The NDAA prohibits the U.S. Air Force from retiring or preparing to retire any A-10 airplanes for one year and fully funds the flight hours, pilot training, fuel, and operations for all A-10 pilots through 2015. Davis-Monthan Air Force Base and other bases where A-10s are stationed will be resourced to keep flying the A-10s and training A-10 pilots and crews.

Increasing Domestic Copper Supply

The NDAA will help meet the strategic national interest of increasing America’s domestic production of copper, advancing a land exchange key to the Resolution Copper project which has potential to meet 25% of U.S. copper demand.

Arizona Military Test Ranges – Electronic Proving Ground

The Director of Test Resource Management Center of the Department of Defense will report to Congress on any plans to consolidate or eliminate test ranges – such as the one at Fort Huachuca – as well as report on any significant reduction in activities at any test ranges.

Tomahawk Missile Funding

The NDAA provides an additional $81.7 million in funding for 96 more Tomahawk missiles (a total of $272 million for 196 missiles), increasing funding for one of the most utilized missile systems in our Naval inventory. The Obama Administration had planned to halt purchases of Tomahawk missiles, which would have potentially created a shortfall in the inventory.

Apache Helicopters

The NDAA prohibits the transfer of any National Guard Apache helicopters to active duty Army in 2015. It also fully funds the Army’s request for 25 remanufactured Apache helicopters for the Army.

Iron Dome

The NDAA provides $175 million for our ally Israel’s Iron Dome missile defense system, which protects Israeli civilians against rocket attacks from the terrorist group Hamas. Engineers and other workers in Arizona will help produce the Iron Dome system, marking the first time that the Iron Dome will be co-produced in the United States and Israel.

Base Realignment and Closure

The NDAA strictly prohibits any new Base Realignment and Closure (BRAC) round.


To read the statement on Senator McCain’s website click here.

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New EPA Ozone Regulations Could Be Troublesome For Manufacturers

Last week the Obama administration unveiled a new environmental regulation designed to decrease ozone emissions, a smog-causing pollutant that is often linked to asthma, respiratory illness, and heart disease.

The regulations proposed by the Obama administration would lower the amount of ozone pollution from 75 parts per billion established in 2008 by the Bush administration to a smaller range of 65 to 70 parts per billion. However, this value is still less strict than some environmental groups were advocating for. In fact, many environmental groups are in favor of stricter guidelines that would lower the threshold down to 60 parts per billion.

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More high schools teach manufacturing skills

WHEELING, ILL. — Javier Tamayo looks like a journeyman machinist as he briskly turns a wrench to replace a chipped tool in a computerized cutting device at Bridgestone’s metal parts factory here.

Tamayo, 19, landed the $12-an-hour job last year after graduating from Wheeling High School’s manufacturing program and is on his way to a career that pays upwards of $80,000 a year.

Wheeling has been turning out hire-ready manufacturing workers like Tamayo for six years. It’s one of a growing number of U.S. high schools that have launched or revived manufacturing programs in recent years to guide students toward good-paying jobs and help fill a critical shortage of skilled machinists, welders and maintenance technicians.

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Arizona Manufacturers Council opposes Proposition 480

PHOENIX – The Arizona Manufacturers Council today announced its opposition to Proposition 480, a ballot measure in Maricopa County that seeks to sell over $935 million in bonds to fund facility needs for the Maricopa Integrated Health System (MIHS).

“Manufacturers understand and appreciate the positive role MIHS plays in our community’s healthcare landscape,” AMC Chairman Steve Macias said. “But our economy is still on the road to recovery. Now is not the time for a large tax increase on property owners.”

Macias says that manufacturers would be happy to work with MIHS to craft a bond package that is more reflective of the county’s healthcare needs.

“MIHS provides some critical health services to Maricopa County, but this bond package is too broad in its approach,” Macias said. “Should this proposition fail, we would be happy to sit down with MIHS and craft a new measure that makes more sense for business and taxpayers that the manufacturing community could support.”

About the AMC

The Arizona Manufacturers Council’s mission is to promote and enhance a positive business climate for manufacturing and related industries that operate within Arizona. More about the AMC can be found at its website,

Contact: Amilyn Pierce at 602-708-8980





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Overcoming the Manufacturing Skills Gap

The NAM’s Task Force on Competitiveness & the Workforce took on a yearlong effort to improve workforce preparedness and capabilities. Made up of 17 NAM Board members representing large and small manufacturers, the task force’s approach was unique and in true manufacturing form with an eye on results, creativity and hands-on involvement. These manufacturing executives met with governors, educators, members of Congress and their staffs, think tanks, economic development experts and countless others to share experiences and best practices. The task force created the toolkit and guide you see below to help manufacturing leaders collaborate in their local communities to determine the key competencies needed for new hires to succeed in today’s advanced manufacturing operations, develop a plan for local workforce training providers to deliver the needed training and grow a pipeline to ensure a supply of future skilled talent.

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Shop Class For The New Millennium

The Experience Gap

Last spring, Accenture published a report in collaboration with the Manufacturing Institute, stating “U.S. manufacturers face reduced earnings of up to 11% annually due to increased production costs and revenue losses resulting from skills shortages.” They characterized the news as “storm clouds on the horizon that could dampen growth” just as the American economy is recovering. Great.

What’s worse, approximately 10,000 Baby Boomers retire every day, and those leaving the manufacturing industry are taking vital skills with them, leaving lines, floors, and tables idle.

Click here to read the full article.

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Defense cuts, Ex-Im bank weigh on aerospace companies

(Reuters) – Commercial aviation and defense companies are grappling with dwindling U.S. defense spending, an uncertain fate for U.S. export financing and questions about the readiness of the Pentagon’s top weapons program, the F-35 Joint Strike Fighter.

After surging in 2013, both sectors have struggled in 2014 as investors feared more cost pressure on defense contractors and an end to the boom in commercial aircraft orders.

The 10th annual Reuters Aerospace and Defense Summit will delve into these and other questions in meetings with top government officials and executives from U.S. and European aerospace and defense firms in Washington, D.C., Sept. 9-11.

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BEER: A job-creating engine in the nation’s economy

As Americans gather this Labor Day in backyards, at lake cabins and in ballparks, they’ll only need to look as far as the beer in their hand to pay homage to our nation’s workforce. 

The U.S. brewing and beer importing industry puts more than two million Americans to work. A recently analysis completed by the Beer Institute found that every one job inside a brewery supports another 45 jobs outside the brewery – among industries such as farming, can- and bottle-manufacturing, warehousing, shipping, distribution and retail. 

It isn’t difficult to see how brewing creates demand for jobs outside the brewery. Agriculture – just one industry of the many that are involved in brewing – is a great example. 

Every year, brewers and beer importers buy billions of pounds of barley malt from farmers in more than a dozen states. Those same brewers and beer importers buy 1.5 billion pounds of rice, corn and other grains used to brew beer, and another 119 million pounds of hops. It takes nearly 56,000 people to cultivate and harvest these brewing staples. 

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The List: Sequestration hurt suppliers, subs

The state’s defense suppliers and subcontractors have changed dramatically since last year as construction companies take over the top spots on this year’s list.

General Dynamics Advanced Information Systems and Honeywell International Inc., last year’s top two, are much further down this year’s list as the company’s government subcontracts decreased.

We asked Steve Macias, president of Pivot Manufacturing Inc. and chairman of the Arizona Manufacturers Council, to address some questions about the industry.

How has sequestration affected the supply chain? Sequestration had, and continues to have, a negative effect on the industry; but just as detrimental and mostly lost in …

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Arizona Manufacturers Council Launches New Website to be new online home for AMC, manufacturing news and policy

 PHOENIX – The Arizona Manufacturers Council (AMC), the state’s leading advocate for the manufacturing sector and the Arizona affiliate for the National Association of Manufacturers, has launched a new website at

The new website offers an attractive and engaging interface that will provide users with the latest news on manufacturing, industry-focused events and the AMC’s public policy efforts, which are focused on ensuring Arizona remains competitively positioned to grow attractive manufacturing jobs.

“I am thrilled to cut the virtual ribbon on the new,” AMC Chairman Steve Macias said. “This great new site is just another sign of the evolution of the AMC’s profile in the state’s public policy arena. We look forward to our online presence only continuing to grow.”

In addition to the new website, the AMC can be found on Twitter at @azmanufacturing.


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Manufacturers: Ozone Standard Could Be the Most Costly Ever

July 31 (The Hill) — A looming Obama administration rule aimed at updating the federal ozone standard could be the single most expensive federal regulation in U.S. history, according to a new study commissioned by the National Association of Manufacturers (NAM).

The proposal, expected to be unveiled by year’s end, could lead to millions of lost jobs, $2.2 trillion in compliance costs and a $3.4 trillion blow to gross domestic product between 2017 and 2040, according to the 142-page study.

Click here to read the full article.

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Boeing Stresses Importance of Ex-Im Bank

July 31 (USA Today) — A Boeing official stressed Thursday at a Senate hearing the importance of Export-Import Bank financing to sell planes overseas, even as House leaders threaten to abolish the bank.

Marc Allen, president of Boeing Capital Corp., told the Senate Commerce, Science and Transportation panel’s subcommittee on aviation that 80% of the company’s commercial planes are sold overseas. The company has 168,000 workers and 1.5 million jobs at suppliers.

But the Export-Import Bank, which guarantees financing for foreign airlines and countries that couldn’t otherwise buy Boeing planes, is under attack by House leaders who contend that manufacturers could find other ways to sell their products.

“If Ex-Im goes away, it is predictable Europe and Airbus will use export credit pricing to provide aerospace industries there an advantage over ours,” Allen said.

Click here to read full article.

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