Legislative News
IIPAC board to meet Friday
The ABI PAC board will have its first meeting Friday to consider legislative endorsements for the 2016 election. Make sure you have signed up for our Election Update newsletter to be the first to receive the list of IIPAC endorsements! Click here to sign up for the Election Update. Click here to contribute to IIPAC.

Public policy committee meetings just two weeks away
More than 100 members have already registered for the ABI public policy meetings, which begin on Aug. 2. The meetings are free to attend and feature guest speakers such as Director of Transportation Paul Trombino and Director of Iowa Workforce Development Beth Townsend. With issues like minimum wage preemption, sales and use tax changes and air quality funding, you won't want to miss the upcoming committee meetings.  Click here to register for one, two or all of ABI's public policy committees. 

Sales and use tax rule proposed
The Iowa Department of Revenue has proposed an administrative rule to implement sales and use tax exemptions for supplies used in manufacturing. The proposed rule, which is the result of legislation passed in 2016 to clarify the sales and use tax on consumable supplies, is 15 pages long and can be found  here . If you have any concerns or questions about the proposed rule, please contact Nicole Crain,  ncrain@iowaabi.org . ABI staff will be reviewing the rule and providing comment.

Iowa Workforce Development board meets
The Iowa Workforce Development Board is meeting in Ottumwa today. The board has a full agenda including an update on the Department of Labor's approval of the state implementation plan for the Workforce Innovation and Opportunity Act (WIOA). The Iowa Workforce Development board is chaired by ABI Executive Committee member John Krogman. Keep reading...

Polk County wage task force proposes increase
A task force appointed by the Polk County Board of Supervisors has recommended an increase in the minimum wage in the county. The wage increase would be gradual and will take place if the Iowa Legislature chooses not to act on a statewide increase. 

Legislative leadership appoints interim committees
Each year, legislative leaders in both parties work together to appoint committees to address issues during the interim. Some of the committees are required by state law and others are established to look into key issues that may be addressed by the Legislature in the next session.  Keep reading...

Federal Spotlight: Food labeling bill passes House
The U.S. House passed S.764 last Thursday, which will preempt state and local food labeling laws related to bioengineered foods.  Keep reading...
Present at the upcoming
Advanced Manufacturing Conference
Do you have expertise on issues important to Iowa manufacturers? Share your insight with attendees at the upcoming Advanced Manufacturing Conference on October 4. ABI is now accepting proposals for workshop speakers at the conference. 

Proposal Deadline: July 29, 2016 

Tentative Schedule: October 4, 2016 | Meadows Events & Conference Center | Altoona
Workshop 1 | 1:30 - 2:45 p.m.
Workshop 2 | 3 - 4:15 p.m.

Preferred Topics:     Manufacturing Technologies
Automation and Robotics
Building a Culture of Innovation
Data and Benchmarking
Workplace Safety
Creating New Products/Reaching New Markets
Policy Effects on Manufacturing

Email Holly Mueggenberg, hmueggenberg@iowaabi.org with your interest or for a proposal form.
One week left to make Legends nominations
Elevate Advanced Manufacturing is accepting nominations for its Legends in Manufacturing awards through July 31. These awards  recognize key leaders and champions of this important industry. Award winners will be recognized at a dinner on Oct. 3 at The Meadows Events & Conference Center in Altoona.

The awards will recognize five outstanding leaders in manufacturing, including individuals who have served as key leaders within a company and individuals or organizations not directly engaged in manufacturing but who support the industry as a whole. Click here to learn more and submit an application. Mark your calendars now to attend the Legends in Manufacturing Awards Dinner on Oct. 3 and the Advanced Manufacturing Conference on Oct. 4.  
From the Desk of...
Cost of a Failed Sale Process - Higher Than You Think!

Steve Jacobs | President
BCC Advisers

There are multiple issues that a business owner needs to consider when preparing for a sale of their business. One consideration that is often poorly understood is the cost of a failed deal - it can be enormous and overshadow any other deal costs incurred.
A sale process can fail for a number of reasons. The most common include:
  • Financial and other key information on the business (e.g. key contracts) is incomplete or not accurate,
  • Lack of management depth with no clear succession plan,
  • Customer concentration is too high,
  • The deal opportunity was poorly communicated to prospective buyers,
  • Financial performance of the business deteriorates during the process, 
  • Financial and other advisors did not orchestrate an effective transaction process,
Top News
LyondellBasell breaks ground on new building  (LyondellBasell)
LyondellBasell is building a state-of-the-art $50 million administration building.

Intersates records one million safe man hours   (Interstates)
Interstates Companies recently reached a milestone of recording one million man hours without a recordable incident. 

Iowa Judicial Branch issues evaluation of Iowa Business Court   (Iowa Judicial Branch)
The Iowa Business Court has received its third annual evaluation. If you've used the court and are willing to provide feedback, contact Molly Kottmeyer, mkottmeyer@iowacourts.gov.

ABI member attorneys make list of Super Lawyers and Rising Stars   (Super Lawyers)
Attorneys from several ABI member firms have been named to the 2016 lists of Great Plains Super Lawyers and Great Plains Rising Stars.

Seminars on aging will take place August 4 around the state  (Iowa Area Agencies on Aging)
Conversations will focus on changing dynamic between generations, caregiving, financial considerations of elder care and other issues.

CEM's Michelle DeClerck recognized as 2016 Changemaker  (MeetingsNet)
DeClerk has been recognized for contributions to meeting and convention industry.

Iowa Arts Summit is Aug. 5  (Iowa Department of Cultural Affairs)
The summit will bring together artists, filmmakers, entrepreneurs and others for a day of networking, learning and celebrating the arts in Iowa.
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