CNN report: States rolling out the red carpet for manufacturers
Manufacturers are being wooed by states looking to improve their economies with incentives and tax breaks.
A boost in manufacturing in general, a greater appreciation of overall manufacturing costs and some more business-friendly tax policies are helping several states attract and gain new manufacturing opportunities, CNN Money reported Feb. 23.
CNN Money quoted Scott Paul president of the Alliance for American Manufacturing as saying, "Their high-level sell generally includes tax breaks, incentives for training workers, low utility rates and incentives for using alternative energy."
The full CNN Money story can be found by clicking here:
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey