The Monthly e-Newsletter for Catawba County's Existing Industries

Happy 2017!
This month's issue highlights a number of ways you and your company can participate - be it in our annual industry survey to make your voice heard or through opportunities to match your hiring needs with the skilled individuals from the United States military.
Recent good news:
For those new to Industry Pulse or who have not caught some of our recent issues, they can be found on the EDC's archives page.
EDC's Annual Industry Survey    

It is the time of year where we are again asking for 4-5 minutes of your time to complete a survey on the general health of your business in 2017. This year's survey also includes several specific questions regarding the impact of emerging trends on your business/industry.

Your answers will greatly aid me in my efforts to assist existing companies and ensure I am focusing on the issues most important to you.
Again, thank you for your time and please look for an article summarizing the survey results (where individual comments will be removed to maintain confidence) in an upcoming Industry Pulse.
You may complete the survey by clicking here.

For the curious, here are some industry survey results from previous years:

% of companies projecting double-digit sales growth in upcoming year
Primary barrier to growth
Rising cost of materials
National economy
Lack of workforce
Secondary barrier to growth
National Economy
Lack of Workforce
National economy
Dept. of Labor Overtime Rule Update      
In May, the US Department of Labor released final regulations that increase the minimum salary required to be earned by an employee in order for that employee to be exempt from the Fair Labor Standards Act (FLSA) overtime requirements from $455/week ($23,660/year) to $913/week ($47,476/year). The current levels have been in place since 2004. For more information, please see an Industry Pulse article from last year.
In October, 21 states asked the US District Court for an emergency preliminary injunction against the FLSA's overtime changes. The court ultimately agreed with the states, granting an injunction and delaying the overtime scheduled to go into effect on December 1 st. The delay is temporary while it remains in the court system and a final decision is made. Additionally, it is fully possible that the new Trump administration could modify or repeal the FLSA changes separate and apart from what the court decides.
In the meantime, many employers have spent months preparing for these changes, identifying workers affected by the final regulations and determining whether to increase their salaries to comply or reclassify them as nonexempt employees - and communicating those changes.
HR experts seem to agree that while the rule is delayed, employers should continue to evaluate the FLSA status of their employees by reviewing job duties and descriptions and ensuring that they have employees classified properly. Whether the rule is upheld or not, all employers are subject to current FLSA requirements that dictate classification and payment methods.
Lenoir-Rhyne University Summer Experience Fair

Monday, January 30
10:00AM - 12:00PM
Location details provided to registrants
$50 for company participation

This "fair" is targeted to ALL students in ALL academic programs who are seeking summer jobs or internships at any time of the year.  All students can receive academic course credit for completing an internship.
If you have any questions regarding the event or Lenoir-Rhyne internships, please contact Rita Purvis at the Lenoir-Rhyne Career and Professional Development Center.

Vol. 9, Issue 1 - 

January 2017   
In This Issue
Industry Survey
LRU Summer Experience
Military Hiring Workshop
NAFTA Seminar
 NC4ME Job Matching & Hiring Event
Tuesday, February 7
9:00AM - 4:00PM
FREE, registration required

Between 2015-2018, 78,000 service members will transition out of the military through NC's Department of Defense installations, adding strength to the 700,000+ veterans already living in North Carolina. These veterans enter the "civilian world" with extensive leadership/skills training (paid for by Uncle Sam) and a tremendous loyalty and work ethic. More than just the "right thing to do", hiring veterans can drive business results and positive change.
North Carolina for Military Employment (NC4ME) is a comprehensive public-private partnership designed to keep those service members "here" by matching them to critical talent needs at NC employers.
One of NC4ME's major programs are hiring events held inside NC's major military installations. In contrast to typical job fairs, companies arrive ready to conduct interviews prearranged based on candidate interest and company need.
However, if your company is still in a knowledge-gathering stage and you desire to simply learn more about hiring military veterans or best practices for veteran recruitment, NC4ME will have several opportunities later in the year to attend a much larger, Leadership Summit. These non-hiring events will be April 26 in Cary or September 27 in Charlotte.

NAFTA Seminar

Thursday, January 12 
8:30AM - 4:30PM 
Foundation for the Carolinas
Registration fee of $225, waived for NC companies currently exporting
To register, email Jen Vogelsberg

Presented by the Economic Development Partnership of NC, this full day of training will help you understand the complexities of NAFTA and assure you are in full compliance with all NAFTA regulations.

This workshop, intended for purchasing managers, shipping/receiving personnel or anyone involved with export compliance, will cover the following topics:

Specific rules of origin; Annex 401
NAFTA certificate of Origin ; common errors, when you should/should not ; Understand preference criteria A-F ; Producer v. exporter - what are the rules? ; Supporting documentation ; Formulas for determining regional value content or a change in tariff classification; HS tariff classification  
Thank you for your time and interest,
Nathan Huret
Director, Existing Industry Services 
Office - (828) 267-1564          Cell - (828) 244-3085