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Manufacturing technology exhibitors show foreign strength

Manufacturing technology exhibitors show foreign strength

   By Michael Muth GlobalBiz Columnist I attended the International Manufacturing Technology Show at McCormick Place Sept. 10 through 15 with the intention of finding out where the state of Illinois stands in the potential revival of manufacturing in America and how Illinois manufacturing companies are competing in global markets.  I attended an event last […]

Higher Chinese labor costs point to U.S. manufacturing renaissance

As labor costs in China increase, some experts are predicting U.S. manufacturing that has been outsourced will return to the United States in the coming decade, according to a Wall Street Journal analysis piece. Annual wage growth in some Chinese industrial sectors is 15 percent or greater, and some management salaries in China now match those […]

Great Lake states selected for $4.5 million manufacturing program

A $4.5 million pilot program designed to shorten the new product development cycle for manufacturers is coming to Illinois and three other Great Lake states, the Chicago Tribune reported today. U.S. Commerce Secrectary Gary Locke said new supercomputing technology could cut six months from the typical product development cycle, the story said. The funding went […]

Manufacturing picks up steam

U.S. manufacturing activity in February hit its highest level in 19 months, according to the Institute for Supply Management. The Wall Street Journal reported the Institute’s index hit 61.4 in February, up from 60.8 the previous month and up from 33.3 in December 2008, when the economy was in recession. But raw material prices also […]

News digest: Economy picks up, health reform sticks, 1099 measure repealed

Health care reform stands, while Senate repeals 1099 provision. The Senate defended health care reform Wednesday, averting a repeal while voting to remove a provision in the Patient Protection and Affordable Care Act that would require small businesses to file a 1099 tax form for every purchase of more than $600, the New York Times […]

Chinese delegates focus on small business

By Hallie Busta Chinese business executives and government officials are looking to set up shop in the Midwest, China’s Commerce Minister Chen Deming said in a speech Friday in Chicago. Calling the region a window of opportunity for Chinese investment, Chen announced a new focus on partnerships with U.S. small and medium enterprises at the U.S.-China […]

China’s growth brings opportunities, concerns

By Hallie Busta — Chinese and American business executives will do more than shake hands when the visiting state’s delegation wraps up this week’s official visit with a stop in Chicago. A number will be signing off on business deals intended to nurture an economic partnership between the two global powers, observers said. Earlier this […]

“Buy American” provision aims to level the playing field

A military authorization law that President Obama signed on Friday included a “Buy American” provision aimed at boosting manufacturing in the United States instead of sending orders to China. The provision, which bars the Defense Department from buying solar panels made in China, could help the United States gain market share from the Chinese, which […]

Companies save with wellness spending

Jerry Benish wasn’t looking for a medal when he finished Camcraft Inc.’s fun run and lost 10 pounds in the company’s “Biggest Loser” contest. He knew the biggest winner could be Camcraft itself. As director of human resources at the Hanover Park-based components manufacturer, Benish closely tracks health care expenses. Along with moving to self-funded […]

Which Counts More: Luck or Determination?

For all that is commonly said about hard work paying off, being in the right place at the right time helps, too. Bob Carmody and his late wife didn’t plan to launch a frozen treat business, but stumbled on the opportunity at the Taste of Chicago 25 years ago. A worker happened to bring a […]

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