Author - KAM

Hiring Tax Incentives

Companies can receive tax credits for hiring employees that either live in a certain location or are part of a target group of individuals. Hiring Tax Credits can dramatically impact a company’s federal tax liability. Work Opportunity Tax Credit (WOTC) This federal tax credit reduces the federal tax liability of employers. Eligibility for this credit is based on the employer’s hiring from specific target groups facing barriers to employment. Targeted Groups: Temporary Assistance for Needy Families (TANF) Recipients Ex-Felons SNAP (Food Stamp) Recipients ...

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Cybersecurity Threats to Manufacturers

By Elliot Forsyth, Vice President of Business Operations at the Michigan Manufacturing Technology Center (The Center) Manufacturers are increasingly under threat from cyberattacks. This is a real concern not just because of the typical business vulnerabilities (e.g., stolen intellectual property, ransomware) but because in today’s increasingly connected world, a successful infiltration from a cybercriminal could shut down a plant's operations or start making equipment produce faulty products without the knowledge of managers, among other things. Additionally, most manufacturers are small businesses that...

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You May Not Be Thinking About ISO 45001, But Your Customers and Competitors May Be

By Robert Smith, Fisher Phillips Safety Solutions LLC and George D. Adams, Fisher Phillips LLP The International Organization for Standardization (ISO), with the help of Safety and Health experts from more than 70 countries, developed ISO 45001. It is intended to help companies significantly reduce workplace injuries and illness, dramatically improve employee productivity and quality, and increase profitability. The ISO 45001 standard represents the new international consensus and certification standard for occupational safety and health and is being called the “gold...

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Taking an Incremental, Multi-Stage Approach When Upgrading Aging DCS Systems

Addressing gaps, potential risks and islands of automation on a staged basis minimizes costly disruptions to operations and provides greater flexibility as equipment and data needs evolve over time As Distributed Control Systems (DCS) age, there can be increasing risks to the process manufacturer.  An old or obsolete DCS system may no longer be supported by the original supplier, spare parts may no longer be readily available, and system performance issues may begin to appear.  With some DCS systems now decades...

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2020 Session of the KY General Assembly Preview

The 2020 session of the Kentucky General Assembly will be gaveled in on Tuesday, January 7.  This will be a long, sixty-day, budget session that is now scheduled for sine die adjournment on April 15. Political Dynamics The 2020 session will begin a time of divided government in Kentucky.  Governor Andy Beshear, a Democrat, narrowly defeated incumbent Republican Matt Bevin by just over 5,000 votes in the November general election.  Beshear will be the first Democrat governor who will face not only...

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Kentucky Made Products Featured During Manufacturing Month

Shared from the Office of the Governor FRANKFORT, Ky. (Oct. 2, 2019) – Gov. Matt Bevin has a vision for Kentucky as the engineering and manufacturing center of excellence in the United States, and continued growth of the state’s existing industries paired with innovative opportunities in burgeoning markets indicate the commonwealth has the potential to achieve that goal. “Nearly every major industry in the country has a business presence in Kentucky,” Gov. Bevin said. “The diversity of our manufacturing efforts has contributed...

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