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New Northwest Ohio Manufacturing Alliance Seeks Members

Manufacturing Alliance Northwest Ohio NOMASomething very exciting is happening in the manufacturing industry in Northwest Ohio. Something that’s never happened before. Manufacturing businesses are coming together as partners to work to solve what is arguably the biggest challenge to face the industry over the last several decades: the skilled labor shortage. Talk to just about any of the thousands of manufacturing & distribution businesses across the region and they’ll say the same thing: we can’t find qualified people to hire. Businesses have tried to deal with the issue on their own for years. Now they’re working together with other businesses to find solutions.

Area manufacturers form alliance

What's hoped to be a critical turning point in the skilled labor shortage in Northwest Ohio came in recent months when a group of manufacturers came together and formed the Northwest Ohio Manufacturing Alliance (NOMA). The alliance works with many stakeholders including educators, other workforce initiatives and economic development organizations with the goal of promoting manufacturing as a career choice.

“We know there are fulfilling manufacturing careers just waiting for young people to step into these roles,” says Lisa Wojtkowiak with Betco Corporation, one of the founding members of NOMA. “They can make a very good living, often get trained by their employers, and start out their earning careers with absolutely no student loan debt.”

NOMA works in collaboration with the Ohio Manufacturers’ Association (OMA). It is one of many sector partnerships formed in recent years through the OMA, which has an online hub for workforce services, including sector partnerships. The core counties served by NOMA in Northwest Ohio include Defiance, Fulton, Henry, Lucas, Williams and Wood.

Gilmore Jasion Mahler got involved in the manufacturing workforce discussion after holding a panel discussion to address the challenge in the Spring of 2017.

“Our panel discussion really opened our eyes to just how critical this issue is to our manufacturing & distribution clients,” says GJM partner Wes Beham, who leads the firm’s Manufacturing Specialist Team. “We believe its important to stay involved and informed on this issue. If there’s any way we can help our clients and other manufacturers to solve this problem, we are all for it.”

GJM has a robust online resource for manufacturers on the workforce challenge as well. The GJM web page looks at the larger picture of how we got here and potential some ways to move the needle. The resource also offers insight from some of the people in Northwest Ohio and statewide who are working hard on behalf of manufacturers on the issue. You can also watch some video clips from the GJM panel discussion on the skilled labor shortage.

NOMA goals

NOMA ‘s founders hope the alliance is key to solving the skilled labor shortage in our region. The organization has a vision and goals identified, including to:

  • Influence educators and economic development groups
  • Be the regional voice for manufacturers
  • Enhance the image of manufacturing and career opportunities with regional manufacturers
  • Create a seamless pathway from K-12 through post-secondary education to prepare communities for the everchanging skills needed in manufacturing

Founding members include: Altenloh, Brinck & Co. US, Inc., Betco, GKN Driveline, Principle Business Enterprises, Rosenboom, Sauder Woodworking Company, Spangler Candy Company and Vehtek.

“We are off to a great start, but NOMA is so new that many business owners aren’t even aware we exist,” says Kip Winzeler with Altenloh, Brinck & Co. “We need to grow our numbers. The more businesses we have on board, the stronger we’ll be.”

There are a number of different membership levels for manufacturers. To learn more about NOMA membership, manufacturers can contact:

Lisa Wojtkowiak, Betco Coproration at lwojtkowiak@betco.com

Kip Winzeler, Altenloh, Brinck & Co. at kip.winzeler@altenloh.us

Established in 1996, Gilmore Jasion Mahler, LTD (GJM) is the largest public accounting firm in Northwest Ohio, with offices in Maumee and Findlay. Locally owned, GJM offers cloud-based accounting and provides comprehensive services including assurance, business advisory, tax, risk advisory, healthcare management and outsourced accounting. The Firm’s professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities

GJM Manufacturing Roundtable: The Road Ahead

Gilmore Jasion Mahler manufacturing roundtableMajor shifts in the automotive industry are no doubt dramatically changing the car market. But here’s something you may not be considering: trends toward self-driving cars and ride sharing will impact all businesses, including yours, no matter what type of work you do.

The headlines are beginning to tell the story. In May came the announcement that Ford is slashing 7,000 white collar jobs as part of a plan to focus on autonomous driving technology and electric vehicles. GM made a similar move last fall, announcing it was closing five North American factories. Self-driving cars and the ride-sharing trend are reshaping the way we move people and the way we move goods.

Automotive needs to adapt, but so do other industries, no matter what kind of product you manufacture. What significant impacts will this automotive transformation have on the broader economy?

Lawrence Keyler RSMGilmore Jasion Mahler is pleased to feature guest presenter Lawrence Keyler, RSM Global Automotive Leader as he shares his insights and the big picture view for all manufacturers, not just automotive, at GJM’s upcoming Manufacturing & Distribution Financial Executive Roundtable on Thursday, July 18.

Keyler is a tax partner at RSM who specializes in the manufacturing industry, with a focus on automotive. GJM is a member of the RSM US Alliance.

The sessions are open to manufacturing financial executives and there is no cost to attend. Attendees have two sessions and locations to choose from on July 18:

 

Findlay Country Club  

1500 Country Club Drive, Findlay

11:30 am - 1:00 pm 

(lunch provided)

1.5 CPE Credits

 

The Pinnacle

1772 Indian Wood Circle, Maumee

3:00 pm - 5:00 pm

2 CPE Credits

 

Manufacturing financial executives can RSVP to info@gjmltd.com. Please specify which session you would like to attend.

Gilmore Jasion Mahler established the Manufacturing & Distribution Financial Executive Roundtable series after hearing from manufacturing clients that they needed a way to come together with other manufacturers to share best practices. The firm offers the sessions three times a year. Other recent roundtable topics have included the manufacturing workforce shortage, Wayfair vs. South Dakota, manufacturing automation and active shooter preparedness.

Established in 1996, Gilmore Jasion Mahler, LTD (GJM) is the largest public accounting firm in Northwest Ohio, with offices in Maumee and Findlay. Locally owned, GJM offers cloud-based accounting and provides comprehensive services including assurance, business advisory, tax, risk advisory, healthcare management and outsourced accounting. The Firm’s professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities.

Business & Succession Planning

You've worked hard to build your business, but there is a critical piece you can't ignore. What happens once you retire? Thinking you have an idea of how it will go isn't the same as coming up with an official strategic plan for the future. Experts say most business owners know how important it is to have a succession plan, but few actually have one in place. Gilmore Jasion Mahler partner Deanna Hall says she is having this important discussion right now with many of her clients.

 

Deanna Hall is a tax partner with Gilmore Jasion Mahler who advises many businesses on tax strategy and other critical business decisions. Her area of specialty is manufacturing & distribution.

Established in 1996, Gilmore Jasion Mahler, LTD (GJM) is the largest public accounting firm in Northwest Ohio, with offices in Maumee and Findlay. Locally owned, GJM offers cloud-based accounting and provides comprehensive services including assurance, business advisory, tax, risk advisory, healthcare management and outsourced accounting. The Firm's professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities.

Business Valuation: What to Look for in an Expert

You know you need a business valuation, but who should do it and how in depth should it be? Gilmore Jasion Mahler Partner Jeff Denning specializes in business valuation and says be aware that the IRS or a court of law will have some requirements when it comes to the valuation, and who does the work. He offers some ideas on how to go about choosing the right person for the job.

Who does a valuation for your business is one of several important questions as you begin to research the process. For more information, see GJM's video blogs How Do You Figure Out the Value of Your Business, Business Valuation: Lengthy Report or Not, and What is the Business Valuation Process. Learn more about Jeff’s expertise in business valuation and forensic accounting, and don’t forget to sign up for GJM’s free quarterly newsletter The Expert with a focus on business valuation and litigation support. Just click here for quick and easy sign up.

Established in 1996, Gilmore Jasion Mahler, LTD (GJM) is the largest public accounting firm in Northwest Ohio, with offices in Maumee and Findlay. Locally owned, GJM offers cloud-based accounting services and provides comprehensive services including assurance, business advisory, tax, risk advisory, healthcare management and outsourced accounting. The Firm’s professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities

What the New NAFTA Means for Small Business

New NAFTA small business USMCAOn September 30, 2018, the United States-Mexico-Canada Agreement (USMCA) was established after 13 months of negotiations. While the agreement is not currently ratified, the USMCA intends to replace the North American Free Trade Agreement (NAFTA), which has been in place since 1994. Ratification is expected to take place in early 2019.

The USMCA brings several changes to the economic relationship between the three North American countries. These include greater market access, inter-governmental cooperation mechanisms, and higher duty-free limits.

Everyone will feel these changes, not just major government agencies. Three provisions in the USMCA will particularly impact small businesses:

  1. The establishment of the Committee on Small and Medium Enterprise (SME) Issues
  2. The increase of the de minimis threshold
  3. Changes to the automobile industry

The Committee on SME Issues

Chapter 25 of the USMCA will establish a Committee on SME Issues. This committee will assemble within one year of ratification and will be comprised of government officials from the U.S., Canada, and Mexico.

The committee will assist SMEs in their transition to the USMCA, identifying strategies to boost their economic success and increase cooperation between markets. The committee will host an annual SME Dialogue, inviting experts, academics, employers, non-governmental organizations (NGOs), and other stakeholders to engage in conversation on SME issues.

Small business owners may benefit from the representation this committee will provide. However, this committee will only be comprised of government officials. Not implementing the committee effectively may cause the voices of small business owners to drown within a messy bureaucratic system.

The Increase of the De Minimis Threshold

The de minimis threshold refers to the quantity of product you can purchase online and import duty-free. The USMCA raises the de minimis threshold to $800 USD for United States products, $150 CAD for Canadian products, and $100 USD for Mexican products.

This increase can lead to significant benefits for small businesses, which often do not have the resources to pay customs duties and fees. This will increase sales volume, providing greater profits for small business owners.

The 75% Tariff-Free Threshold for Automobile Manufacturers

Under the USMCA, 75% of an automobile must be manufactured within North America to be exempt from tariffs. This is a significant increase from the 62.5% requirement under NAFTA.

This provides an incentive for automakers to decrease operations overseas. The new threshold holds the potential to provide more income for small, local auto parts manufacturers and to increase jobs for North American workers.

If you're interested in staying up on issues impacting the manufacturing world, consider signing up for Gilmore Jasion Mahler's free quarterly e-newsletter The Manufacturer. It addresses a broad range of financial topics impacting the world of manufacturing. Just click here for quick and easy sign up.

Established in 1996, Gilmore Jasion Mahler, LTD (GJM) is the largest public accounting firm in Northwest Ohio, with offices in Maumee and Findlay. Locally owned, GJM offers cloud-based accounting services and provides comprehensive services including assurance, business advisory, tax, risk advisory, healthcare management and outsourced accounting. The Firm’s professionals specialize in industries including construction & real estate, healthcare, manufacturing & distribution and utilities.