A Plan for Maintaining and Building Manufacturing Competitiveness and Job Growth in Connecticut
Crafted and Endorsed by:
MAC, Manufacturing Alliance of Connecticut, Inc.
NHMA, New Haven Manufacturing Association
SMA, Smaller Manufacturers Association of Connecticut
CAMF, Connecticut Association of Metal Finishers
MASC, Manufacturers Association of Southern Connecticut
CTMA, Connecticut Tooling & Machining Association
METAl, Metal Manufacturers’ Education and Training Alliance
NESMA, New England Spring & Metalstamping Association
Manufacturers in Connecticut have survived many difficult economic cycles. Despite the market upheaval of 2008 and the ongoing credit crisis, CT manufacturers continue to be the engine of the Connecticut economy. The 2009 session of the Connecticut General Assembly will be critical to the survival of the resilient but severely challenged manufacturing sector. We must preserve our manufacturing sector. The manufacturing associations of Connecticut and their members and employees urge great caution that no action be taken to further impair the ability of CT manufacturers to survive in these difficult economic times.
Many small and medium sized – and even some larger – manufacturing companies are family owned and are passed from one generation to the next. The imposition of any new estate tax that will affect the transfer of a family business between generations is extremely problematic for manufacturers.
Sales & Use Tax
Connecticut manufacturers believe the following categories of services and equipment should be exempt from sales and use tax:
The cost of energy in Connecticut remains problematic for CT manufacturers. The CGA has passed a considerable amount of legislation that has been very helpful but more can be done to help bring down the cost of energy consumed by CT manufacturers.
HEALTH CARE COSTS
Health care costs in Connecticut continue to escalate, fueled in part by the constant addition of mandated benefits. Connecticut must resist adding additional costly mandates to employer funded health care plans.
EMPLOYEE BENEFIT COSTS
Connecticut is a high cost state in which to manufacture. Not the least of these expenses is the fully absorbed cost of employee wages and benefits. Manufacturers recognize that this is a high labor cost state and that wages are determined between employers and employees but MAC also believes that controlling benefit costs is essential. To that end we must:
MANU-FACTS… According to the latest numbers available:
Between 2000 and 2004 the rise in benefit costs accounted for more than half of the increase in total manufacturing compensation.
Rising Health care costs are one of the biggest challenges manufacturers and their employees face. According to a 2006 survey of small and medium sized manufacturers:
Connecticut lost 53,891 manufacturing jobs between 1997 and 2007.
If we had kept those jobs the effect on the Connecticut economy would be:
Each $1 Million in increased sales in manufacturing sector creates:
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