CIRAS DIGEST: Friday, April 1, 2016

  • New numbers from the Institute for Supply Management, arriving via publication of an AP story in The Detroit News, show U.S. manufacturing has ended a five-month skid and actually grew a bit in March. In its version, Bloomberg News quotes a bank economist as saying “the worst is over” and that “manufacturing will be less of a drag on the economy” henceforth.
  • The good news translates also to the Midwest, according to Fox Business and similar numbers focused on Chicago.
  • Meanwhile, presidential candidate Hillary Clinton this morning was slated to announce a $10 billion investment in “partnerships to encourage the growth of the U.S. manufacturing sector.” Reuters says the idea would be to encourage companies to build and expand their U.S. manufacturing operations. Clinton’s campaign would pay for it with a “clawback” tax that would rescind tax relief for companies that outsource jobs or move facilities overseas.
  • More locally, Iowa State University announced that it will be a partner in a new $317 million, public-private textile manufacturing institute.
  • And The Des Moines Register has a column from state Sen. Matt McCoy, D-Des Moines, touting a bill that would create an Enhance Iowa Board to push money toward recreational, cultural and natural resources in the state – with the idea that we need those things to attract more Iowa workers. Money for the effort would come essentially from an earmark: The bill requires setting aside $25 million for the Enhance Iowa fund (and an accompanying Sports Tourism fund) during each year that Iowa’s budget has a surplus of more than $100 million.
  • If you always wanted background on efforts by the Iowa Economic Development Authority to develop a statewide energy plan, you can find it in a story published earlier this week in the Ames Tribune.
  • And finally, in the spirit of the day, we offer you this marvelous opportunity for career advancement that we just discovered this morning.

Thanks for reading, and have a good weekend.

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