Legislative News
Additional Future Ready Iowa Regional Summits Scheduled
Gov. Reynolds announced on Wednesday four more cities will host Future Ready Iowa regional summits this fall: Ames, Sioux City, Creston and Centerville. The nine previously announced summits are scheduled for late September and throughout October. The daylong events will bring together local business, education and community leaders to help solve each region's workforce challenges and needs. It's an excellent opportunity to provide input on one of the most pressing subjects facing employers today. See the list of summits and register.

IIPAC Board to Meet on Monday
ABI's Political Action Committee, the Iowa Industry Political Action Committee (IIPAC),  is dedicated to supporting candidates who understand the importance of fostering a pro-business climate in Iowa. Investing in IIPAC is a way for ABI members to actively participate in the political process and unify their voices to support business-friendly candidates. A specialized board of directors governs IIPAC. The board decides how to direct funding and who to endorse for the state legislature, statewide offices and governor. The IIPAC Board will meet next Monday to discuss the upcoming election and the status of races around the state. If you're interested in joining the IIPAC Board, please contact Nicole Crain at ncrain@iowaabi.org.
 
Policy Meetings Continue Next Week
ABI has conducted its first two policy committee meetings this week. Three more will be held next week, when the Economic Growth, Environment and Tax Committees will convene to review ABI's policies. This grassroots process is extremely important to help direct ABI's position on many issues important to businesses. If you haven't signed up, visit our Events page to join a meeting next week.
 
Federal Spotlight: Treasury & IRS Release Proposed Regulations on Tax
Last week, the Trump administration proposed three regulations regarding bonus depreciation, repatriation and Section 199A. The comment period closes in only 60 days, and any feedback you may have is requested. The first regulation on bonus depreciation increases the allowable first-year depreciation deduction for qualified property from 50% to 100%. The second regulation deals with Section 965, "which levies a transitional tax on post-1986 untaxed foreign earnings of specified foreign corporations owned by United States shareholders by deeming those earnings to be repatriated." You can read more here . The third regulation deals with the new Qualified Business Income deduction, otherwise known as Section 199A. You can read more about that here . The regulations are being issued in compliance with the Tax Cuts and Jobs Act, which was signed into law last year by President Trump. If you would like to submit comments, please send them to Nicole Crain
AMC Speakers Announced
Business Futurist, IEDA Director to Speak at Advanced Manufacturing Conference
ABI is excited to announce  Patrick Schwerdtfeger, a business futurist, will be the keynote speaker at the Advanced Manufacturing Conference.  He  will highlight emerging technologies in manufacturing, agriculture and beyond. In addition to featuring fascinating case histories, Schwerdtfeger will introduce models that business leaders can use to anticipate and capitalize on disruptive innovation.  The always-engaging  Debi Durham , director of the Iowa Economic Development Authority (IEDA), will be the general session speaker. 

The Advanced Manufacturing Conference is October 3 at the Prairie Meadows Events and Conference Center in Altoona. The Legends in Manufacturing Awards Dinner kicks off the conference the evening before. Learn more and register.
From the Desk of...
Say Goodbye to the One-size-fits-all Strategic Plan   

Ryan Burbach, CPA

If I asked a room full of business owners how many of them had undergone a strategic planning process in the past five years, the majority would raise their hand. If I then asked how many were seeing the results they anticipated and were still following through on that plan, the number of hands in the air would be few, if any. Planning comes in many forms, but no matter what type of planning process is undertaken, or how sporadically business teams attempt it, the same holes seem to exist.

Before providing the solution, it is important to understand what business owners are up against. These individuals are the ones creating jobs, driving our economy and have the greatest potential to positively impact the communities in which they reside. But these same business leaders often wear too many hats, assume a great deal of risk, get trapped working in their business instead of on it, and are left with little time to live the lives they originally intended on creating by starting or buying their business in the first place. Keep reading.
Top News
Legends in Manufacturing Nominations Deadline Extended to August 17
The Legends in Manufacturing nomination deadline has been extended to August 17.  Six awardees will be recognized at the Legends in Manufacturing Awards Dinner on October 2 in Altoona. Award categories include Under 100 Employees, 100-300 Employees, 300+ Employees, Manufacturing Export Award, Manufacturing Champion and Posthumous Awardee. Nominate a manufacturer.

McGowen, Hurst, Clark & Smith, P.C. Named Among Best Accounting Firms to Work For
McGowen, Hurst, Clark & Smith, P.C. was recently named as one of  Accounting Today's  2018  Best Accounting Firms to Work For. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees. Read the news release.
 
Elevate Advanced Manufacturing to Hold Ambassador Training
Help promote careers in advanced manufacturing by becoming an Elevate Advanced Manufacturing ambassador. The next ambassador training will be September 11, 8:30 a.m.-noon, at the John T. Blong Technology Center in Davenport. There is no cost to attend. To register for the training, email Alexandra at amonaghan@measuredintentions.com. Learn more about the ambassador program here.

IISC to Host Prescription Drugs in the Workplace Conference 
The Iowa-Illinois Safety Council will host " Opioids...Silent Killer in the Workplace," a one-day conference, on September 18 in Johnston.  Experts will share all you need to know about prescriptions drugs in the workplace, from a personal level to what is being done at all levels in the government. Attendees will receive tools to take back to their facility that will help avoid issues before they happen, identify those at risk, identify suspicious behaviors and help people who may have developed a substance abuse disorder. Learn more and register.
Welcome New ABI Members
AAA Minnesota/Iowa/Wisconsin
Ag Ventures Alliance
The Boeing Company
Community State Bank
Federal-Mogul Ignition Company
Hardin & Associates
Hotel Grinnell
The Integer Group
LenderClose
Manchester Leasing Services, Inc.
McLaughlin Investment, LLC
North American Minerals Corporation
Polymer Advantage, LLC
The Powers of Communication
Predictive Health Partners
Pure Storage
Stroh Corporation
Toyne Inc.
Weaton Capital LLC
Governor's Club Sponsors