January 17, 2019
LEGISLATIVE NEWS
Legislative Themes Include Bipartisanship, Workforce, Health Care and Rural Iowa
Leaders of the 88th General Assembly provided their opening remarks to members of the House and Senate on Monday, Jan. 14. During the remarks by legislative leadership, all agreed now was the time to govern. Speaker Upmeyer talked about workforce and investing and ensuring the vitality of rural Iowa. Majority Leader Hagenow talked about Future Ready Iowa and expanding the freedoms of Iowans. Read more including the full remarks from legislative leaders.

Gov. Reynolds Supports Workforce, Rural Iowa and Criminal Justice Reform
On Tuesday, Jan. 15, ABI President Mike Ralston and the public policy team had the opportunity to listen to the governor’s speech from the House gallery. ABI members John Deere and Vermeer were mentioned during the governor’s speech for apprenticeship programs and keeping employees and visitors safe during the tornado, respectively. Read more .

Governor’s Budget Director Unveils $7.65+ Billion Budget
Prior to the governor’s Condition of the State on Tuesday, Director of Management David Roederer provided reporters a pen and paper review of the state budget. Highlights included: $20 million for Future Ready Iowa, $20 million over the next two years for broadband expansion and $152 million for property tax backfill dollars to local governments. The governor is proposing more than $1.9 billion for health and human services and an increase of approximately $93 million in funding for pre K-12. Read more .

Justice Cady Commends Business Specialty Court
ABI members were highlighted in Gov. Reynolds' speech on Tuesday and Chief Justice Cady’s speech on Wednesday. Justice Cady mentioned Vermeer Manufacturing and Sukup Manufacturing Co. and the culture of continuous improvement among their organizations. Justice Cady talked about the business specialty court and the expansion of the court to allow more businesses to utilize it. Read more .

Federal Spotlight: ABI Joins Comments on NLRB Joint Employer Rule
Last week ABI signed onto comments regarding the proposed Joint Employer Rule. The comments include ensuring an employer has actual control over the employee and not just a contractual relationship to be a joint employer. The rule would provide clarity and consistency for franchisors, franchisees and other businesses who may fall under this rule. Read more .

First Legislative Conference Call on Jan. 25
If you missed the legislative briefing and reception, you’ll want to join next week’s legislative conference call. We will briefly review some of the main themes from the legislative event, and will dive into proposed legislation and give you an opportunity to provide feedback. RSVP to  Michelle Vollstedt  if you haven’t done so already. The call will be at 8 a.m., and Michelle will email you the call-in information prior to the call.
ABI UPDATE
Pictured: Iowa House Speaker Linda Upmeyer talks with David Collins, executive director for the Washington Economic Development Group, at yesterday's ABI Legislative Reception.

ABI Reception Connects New Members with New Legislators
The ABI Legislative Briefing and Reception brought many new legislators and first-time attendees together to network and talk about the 2019 legislative priorities for the association. We hope you enjoyed the event, and we hope you will fill out the survey that was sent out today. We need your input to make the event a continued success. A special thank you to our sponsors who helped ensure the event was top-notch again this year. See photos from the event.
FROM THE DESK OF...
Are Rules of Thumb an Adequate Way to Value a Business?
Jeremy Green
Forensic & Valuation Director
TDT CPAs and Advisors, P.C.

Let me begin by answering that question. No! Now it is my responsibility to explain why. While “Rules of Thumb” typically derive from industry trends and comparable company research, they miss out on vital factors that must be considered when determining a reasonable value for a business or ownership share. Read more .
MEMBER NEWS
Iowa FIRST ® LEGO ® League Seeks Judges for Iowa Championships
You're invited to be a judge for the Iowa  FIRST®  LEGO® League Championships, Jan. 19-20, on the Iowa State University campus in the College of Engineering. Sixty teams of Iowa youth ages 9-14 will compete in areas around research, teamwork and robotics. Email fll@iastate.edu to take part.

Developing the Next Generation of Family Leadership Panel Discussion is Jan. 25
Involved in a family business? Attend a panel discussion on next generation leadership and how to capitalize on this talent. The event, part of Advance Iowa’s UNI Family Business Forum, is Jan. 25, 7:30 a.m., at the Courtyard By Marriott Ankeny. The forum brings Iowa business families together to promote peer learning and best practices. Download the flyer to learn more or register now .

"Attack the Hack: Rebounding from a Breach" Event is Feb. 12
Join ACS, BrownWinick and Strategic America on Feb. 12 in West Des Moines for an informative discussion on cyber incident response. Experts in data security, law and privacy issues, and communications will share valuable information and best practices to help prepare your business in the event of a data breach or cyberattack. Learn more and register .
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