As the economic impact of COVID-19 lingers and an impending second wave is on everyone’s mind, Congress is already thinking of new legislation to stimulate the economy. One of the ideas on the top of the list is an expansion of the Research and Development (R&D) tax credit as part of the next COVID-19 relief .....
The New York Fed Staff Nowcast predicts a negative 14.3 percent (-14.3 percent) growth of real GDP for Q2 of 2020 and a positive 13.2 percent growth of real GDP for Q3 of 2020. Clearly, the Fed is expecting a rebound in the second half of 2020. This forecast, presented in the July 17, 2020: .....
In light of the recent coronavirus pandemic, it has become much more cost-effective for manufacturers to source locally rather than nationally or internationally. A recent article published by Thomasnet examines why local sourcing is the best choice for manufacturers. According to the article, local sourcing is good for manufacturing supply chains because it provides: Greater .....
The manufacturing industry is facing numerous threats. In order to adapt to circumstances and remain in business, manufacturers need to adjust their supply chain methods and respond to consumer demand, writes Andy Rodosevich in a recent article for Forbes. With the dual goal of maintaining business and employees and contributing to the needs of the .....
Though the recession associated with the coronavirus pandemic has been relatively short, it has had an enormous impact on many manufacturers. In a recent article from Industry Week, author Stephen Gold examines some of the impacts that manufacturers will feel for years to come. Gold examines the results of a recent survey of large, global .....
Many manufacturers are struggling in the face of the COVID-19 pandemic. Recently, Manufacturing Business Technology released a series of articles that offer tips for manufacturers on staying relevant during the current upheaval. In the second installment of the series, author Andrew Walker offers manufacturers three additional strategies for meeting the challenge of the coronavirus crisis. .....
Many manufacturers are struggling in the face of the COVID-19 pandemic. Recently, Manufacturing Business Technology began a series of articles that offer tips for manufacturers on staying relevant during the current upheaval. In the first installment of the series, author Andrew Walker offers two key steps for manufacturers to take in order to meet the .....
The Paycheck Protection Program is an initiative created by Congress to address the financial impact of the coronavirus pandemic on small businesses in the U.S. A recent article for Construction Dive takes a look at the program from the perspective of contractors in order to help clarify what it means for them. For many organizations, .....
While we continue to move safely to reopen the economy after the initial coronavirus pandemic, construction business owners should keep in mind the possibility of a second wave of the virus. A recent article for Construction Dive offers the following tips for how construction organizations can make preparations for a second round of COVID-19: Establish .....
The long-term shortage of skilled laborers in the construction field can make preparing your company for the future a challenge. In a recent article for Construction Executive, author Wade Leipold examines the case of Faith Technologies, a company that has made a strong commitment to thorough, in-house training for its employees in order to secure .....