The research argues that tariffs imposed on aluminum and steel have led to increases in U.S. employment, production and investment...The Beer Institute, a trade association for the American brewing industry, called tariffs on aluminum a “tax on beer,” saying that cans make up more than 11% of the manufacturing cost in the U.S. More »
It’s an oft-cited statistic that 75 percent of venture capital in the U.S. goes to just three states: New York, California, and Massachusetts — and it has for years. If it’s going to take years to close that gap, why not offer an incentive for investors to put their money in other places?
That’s the thesis behind Opportunity Zones, a tax incentive program laid out by Congress in last year’s Tax Cuts and Jobs Act. More »
Walmart Inc. has asked its cosmetics suppliers to consider sourcing their goods in countries outside of China, one of the first signs that the world’s largest retailer hopes to dilute the impact of the Trump administration’s looming tariffs. More »
They lack the wiggle room to absorb cost increases or shift production, and many are re-evaluating plans and strategies. More »
The automaker became the No. 1 exporter of American-made cars, transforming Spartanburg. Now it is weighing the impact of an escalation of the trade fight. More »
I’ve explained why I don’t think the tariffs will help, but I also reject the pervasive argument that automation is just too powerful a job-killing force such that there’s no point in trying to help our factory sector. In fact, according to an important new paper by economist Susan N. Houseman, the argument that “labor-displacing technology,” i.e., robots/AI/etc., has killed factory employment is not supported by the data. More »
Joseph Abboud, designer and Chief Creative Director of Men’s Wearhouse, on growth, manufacturing in the U.S., and how tariffs could impact the apparel industry. More »
The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” (TCJA) represents the biggest change to the tax code since 1986. While the implications for businesses are broad and complex, we’ve summarized some of the most common tax reform questions for manufacturers: More »
As Congress cobbled together the biggest tax overhaul since 1986, they nearly wiped out the essential sources of funding for large-scale community development projects—namely, three federal tax credit programs that attract private investment for neighborhood revitalization. Developers, financiers, and municipalities pushed back and managed to keep most of what they wanted intact. But now they are dealing with what some of them describe as the new tax law’s unintended consequences. More »
The new tax bill is a game changer for manufacturers. For years, they have focused on cost containment to maintain profitability. But with lower tax rates, easier access to foreign cash, and favorable expensing provisions for buyers, manufacturers can think more about how to grow their business and prepare for the future. More »
Rosemary Coates, President, Blue Silk Consulting
Kyle Syers, Senior Consultant, Biggins Lacy Shapiro & Co.
Dan Levine, Practice Leader, Location Strategies and Economic Development, Oxford Economics, Inc.