Here is CIRAS’s quick look at major economic indicators for Iowa. For an introduction and a description of the indicators used, see our first post. Indicator Status Underlying Data Notes ISM Manufacturing PMI® Manufacturing contracted for the sixth consecutive month. Indicators were generally split between contracting and growing, as the rate of contraction slowed from … Continue reading Watching Iowa’s Economy: May 2023
Business Resiliency Newswire Stories
Watching Iowa’s Economy: May 2023
Watching Iowa’s Economy: April 2023
Here is CIRAS’s quick look at major economic indicators for Iowa. For an introduction and a description of the indicators used, see our first post. Indicator Status Underlying Data Notes ISM Manufacturing PMI® Manufacturing contracted for the fifth consecutive month. All indicators on the national scale registered as contracting, although most were near neutral. Mid-American … Continue reading Watching Iowa’s Economy: April 2023
Watching Iowa’s Economy: March 2023
Here is CIRAS’s quick look at major economic indicators for Iowa. For an introduction and a description of the indicators used, see our first post. Indicator Status Underlying Data Notes ISM Manufacturing PMI® Manufacturing contracted for the fourth consecutive month. Inventories and prices continued to grow, while most other measures remained contracted moderately. Mid-American Index … Continue reading Watching Iowa’s Economy: March 2023
Watching Iowa’s Economy: February 2023
Here is CIRAS’s quick look at major economic indicators for Iowa. For an introduction and a description of the indicators used, see our first post. Indicator Status Underlying Data Notes ISM Manufacturing PMI® Manufacturing contracted for the third consecutive month. Most measures continue to indicate moderate general slowing in manufacturing, except employment and inventories, which … Continue reading Watching Iowa’s Economy: February 2023
Watching Iowa’s Economy: January 2023
Here is CIRAS’s quick look at major economic indicators for Iowa. For an introduction and a description of the indicators used, see our first post. Indicator Status Underlying Data Notes ISM Manufacturing PMI® Manufacturing contracted for the second consecutive month. Most measures indicate a general slowing; however, employment grew in December. Mid-American Index Midwest manufacturing … Continue reading Watching Iowa’s Economy: January 2023
Watching Iowa’s Economy – December
Watching Iowa’s Economy: December Here is CIRAS’s quick look at major economic indicators for Iowa. For an introduction and a description of the indicators used, see our first post. Indicator Status Underlying Data Notes ISM Manufacturing PMI® Manufacturing contracted last month, the first reported contraction since May 2020. Inventories and production grew last month. Mid-American … Continue reading Watching Iowa’s Economy – December
Watching Iowa’s Economy – November
Here is CIRAS’s quick look at major economic indicators for Iowa. For an introduction and a description of the indicators used, see our first post. Indicator Status Underlying Data Notes ISM Manufacturing PMI® Indicators were mixed, all remaining close to neutral. Mid-American Index Prices continued sharp increases along with strong growth in new orders in … Continue reading Watching Iowa’s Economy – November
Building Your Employer Brand to Attract and Keep Talent
With more competition for employees, how your company is perceived as an employer is more important than ever. Businesses become employers of choice through solid leadership, comprehensive total rewards, engaged workers, and a company culture that employees believe in and are excited to be part of. Three actionable tactics can help your organization to strategically … Continue reading Building Your Employer Brand to Attract and Keep Talent
Persistence Pays Off
Landing a government contract isn’t an easy task, but it is possible—especially if you have someone knowledgeable to guide you through the process. Just ask Cinnamon Rost. Rost, who owns and operates 1809 Design in Clive, submitted her first government request for proposal (RFP) in 2020. “It was daunting, but CIRAS made it more manageable,” … Continue reading Persistence Pays Off
Getting the Most from Tradeshows
Attending a tradeshow can pay big dividends for even small companies. The right show can provide networking opportunities, give insights on competitors, and update you on developments in your industry. But tradeshows can be overwhelming, especially if you decide to attend a large-scale event. To maximize the experience, consider these suggestions from CIRAS staff members: … Continue reading Getting the Most from Tradeshows
2022 MFG Day
On October 7 (and throughout the month), manufacturers, community colleges, and universities around the nation will open their doors to show the next generation the amazing careers available in manufacturing as part of MFG Day. This is a big deal. Today’s manufacturers face two major issues: workforce and supply chain. While we can’t predict exactly … Continue reading 2022 MFG Day
ESOPs Achieve Workplace Goals in Retention, Productivity, and Retirement Wealth
An employee stock ownership plan (ESOP) can be a powerful tool for saving jobs, recruiting top talent, retaining people, and building retirement wealth. And white it may not be the best option for all companies, a growing number of Iowa businesses are finding success in using ESOPs to meet their workforce objectives. Folience Inc. is a … Continue reading ESOPs Achieve Workplace Goals in Retention, Productivity, and Retirement Wealth
Watching Iowa’s Economy
To say that the current economy is unpredictable is an understatement. One of the most frequent questions we get from businesses in Iowa is whether we are going to have a recession. There are countless approaches to analyzing the economy and whether there will be a recession. Even highly technical approaches have a lot of … Continue reading Watching Iowa’s Economy
Leading through the Workforce Crisis
Workforce shortages are impacting businesses of all types and sizes across the country. These challenges are more onerous in Iowa because of our slow population growth. Here is some advice that members of the Manufacturing Extension Partnership (MEP) National Network™ have published recently on strategies to help small- and medium-sized manufacturers address their workforce issues. … Continue reading Leading through the Workforce Crisis
ACT Safe Expecting Record Year
ACT Safe, a Sioux City business focused on assisting companies with compliance issues, is looking forward to a record year after receiving their 8(a) certification. ACT Safe plans to hire 15–20 new employees and hopes to secure more government contracts like the one that currently has founder Lorna Puntillo working with the Florida Veterans Administration … Continue reading ACT Safe Expecting Record Year
Connections Help Business Assume Financial Management
A Sioux City construction company now handles a majority of its accounting work in-house thanks to the help it received from the Iowa Disadvantaged Business Enterprise (DBE) Program. I&A Construction’s primary focus is flat concrete work like sidewalks, driveways, trails, and curbs and gutters, as well as cast-in-place intakes. I&A Construction is DBE certified, which … Continue reading Connections Help Business Assume Financial Management
The Powertrain Supply Chain is Transforming. Are you ready?
We’re at a rare inflection point that will change the landscape of American manufacturing over the next 50 years: the transition from internal combustion engines to electrified motors in vehicles. As the automotive industry transforms, very few hardware manufacturers will be unaffected. In 2016, just under 300,000 electrified (battery, plug-in, and hybrid) vehicles were produced … Continue reading The Powertrain Supply Chain is Transforming. Are you ready?
Protecting Your Business From a Cyberattack
Most companies use computers to manage at least some part of their business operation so ensuring that data remains safe is a priority. Data breaches that expose sensitive, confidential, or proprietary information can be costly…and not just in terms of the immediate monetary impact on productivity and sales revenues. Additional damage to intangible assets like reputation … Continue reading Protecting Your Business From a Cyberattack
Sales Grow After Rethinking Supply Chain Costs
Fox River produces high-performance socks at a plant in Osage. The company has increased sales, invested in new equipment, and added jobs since implementing a new sales approach based on a Total Cost of Ownership (TCO) model. The Osage manufacturer has seen revenues increase by $1.5 million since updating their sales approach with a TCO … Continue reading Sales Grow After Rethinking Supply Chain Costs
Webinars Address Need for Resiliency
The COVID-19 pandemic taught Iowa companies many things about their operations, but perhaps the greatest lesson was the need to develop more resiliency to better handle business disruptions regardless of their origin. To help companies with preparedness, CIRAS hosted a series of business resiliency webinars last spring on 19 topics ranging from building resiliency in … Continue reading Webinars Address Need for Resiliency
Iowa Manufacturers use Grant to Invest in Technology
The Iowa Economic Development Authority’s 2020 Manufacturing 4.0 plan identified five key strategies focused on preparing Iowa’ s manufacturers for the fourth industrial revolution, in which the physical and digital elements of factories become fully integrated. As global manufacturing transforms, it is critical that manufacturers apply technology to fill existing workforce gaps and create new, … Continue reading Iowa Manufacturers use Grant to Invest in Technology
Marketwise Helps Leaders Face Challenges Together
A networking group launched seven years ago by the Iowa Association of Business and Industry in partnership with CIRAS continues to help its members learn from people who do the same work they do. MarketWise provides marketing and sales leaders opportunities to expand their skills through education, shared experiences, and best practices with their peers. … Continue reading Marketwise Helps Leaders Face Challenges Together
CIRAS Expands Supplier Scouting Capabilities through IEDA Partnership
By Melissa Burant The risks of having a global supply chain have never been more apparent. Severe weather events, the pandemic, and geopolitical issues have disrupted the global supply chain. The impacts of this are felt by every Iowa manufacturer. Finding new suppliers, especially local ones, is hard. A Google search is a great starting … Continue reading CIRAS Expands Supplier Scouting Capabilities through IEDA Partnership
CIRAS Helps Company Rebound after Fire
A central Iowa manufacturer of sports performance equipment credits CIRAS with getting the company back on track after a fire left them dealing with extensive smoke and water damage. “Without them, we would’ve been set back a year or more, and if we’d tried to move forward on our own through trial and error, it … Continue reading CIRAS Helps Company Rebound after Fire
New technologies added to the Digital Manufacturing Lab
This fall will mark the second anniversary of the CIRAS Digital Manufacturing Lab powered by Alliant Energy, and we’re still growing.
We opened the lab in September 2019 as to experiment with ways to de-risk technology adoption for Iowa manufacturers. Since then, we have served the Industry 4.0 needs of many businesses in Iowa via in-person events, counseling sessions and projects.
Unfortunately, COVID-19 kept most people out of the lab last year. But we haven’t been dormant. Instead, CIRAS used the opportunity to expand our technology partnerships, upgrade our technology, and evolve our services from in-person to virtual engagements.
Plan Now to Be Ready for Bad Weather
April showers in Iowa quickly can turn dangerous thanks to flash flooding.
CIRAS wants to take this opportunity to remind you yet again about the potential peril that can come with severe weather season. Are you ready?
As the COVID-19 pandemic has shown us, Iowa companies always come out better when they plan for the worst and take steps ahead of time to identify what should happen if trouble strikes