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GE Foundation Invitation
Monday, 25 April 2016 18:39

GE Foundation's Developing Health Event

You are invited...GE Foundation will announce a partnership with the Jacksonville community.

GE’s CEO Jeff Immelt will be attending as well as GE’s Board of Directors, Mayor Lenny Curry and other community representatives and the press.  The event is being held on Tuesday, April 26, beginning at 9:00am promptly, so individuals interested in attending should arrive by 8:45am.  The event is Business Dress Attire.

The event is being held at:

Legends Center
5130 Soutel Drive
Jacksonville, FL 32208

Click here to sign up.

GE Foundation will be announcing a significant investment to the Jacksonville Community focused on cardiovascular disease.  Program will screen 10,000 residents for the disease and other chronic conditions over two years.  They will also announce the local grant recipient who they will partner with in Jacksonville to  run the large-scale screenings and other events at community-based organizations.

The grant adds to GE’s existing investment in Jacksonville.  GE has 1,300 employees and operations across various business units in Jacksonville and recently opened a $75 million GE Oil & Gas advanced manufacturing facility in the city’s west side.

Workers’ Memorial Day On April 27
Monday, 25 April 2016 14:34

Deputy Assistant Secretary Of Labor Jordan Barab To Highlight List Of VIP Speakers At Workers’ Memorial Day On April 27

Honoring Those Who Have Lost Their Lives In The Work Environment in 2015

Deputy Assistant Secretary of Labor Jordan Barab will highlight a list of VIP speakers at the annual Workers’ Memorial Day to honor those workers who lost their lives in the work environment in 2015 at an event that will be held at 10:00 a.m. on April 27 at the Florida State College at Jacksonville (FSCJ) Downtown Campus Auditorium at 101 West State Street.

The ceremony will feature a military honor guard with a reading of the names of those lives lost, including the Sea Star Lines Crew of El Faro, followed by a moment of silence.

Florida State Representative and president of the First Coast Manufacturers Association (FCMA) Lake Ray will introduce speakers, who include, in addition to Barab,

-          Brian Sturtecky, OSHA’s Jacksonville Area Office Director

-          Dr. Charles Moreland, Mayor’s Office

-          Gary Hollis, Governor’s Jacksonville Office.

The event is a joint project by safety partners in Jacksonville that include the Northeast Florida Safety Council, FCMA, the American Society of Safety Engineers, Florida State College at Jacksonville and the Occupational Safety and Health Administration (OSHA).

The event is free to the public. For more information on the event, contact the Northeast Florida Safety Council at (904) 399-3119.

Clay County Water Summit
Thursday, 24 March 2016 15:19

The Clay County Chamer is hosting a Water Summit with the key players that impact water policy/permitting on Mar 30.

The Panel Will Discuss Topics Such As:

  • What local water issues are we facing today?
  • What is water's impact on our quality of life (as recently documented in the Chamber Foundation 2015 QOL Progress Report)?
  • How will population growth impact our water supply?
  • How will water policies impact business and economic development?
  • How viable are alternative water supplies and conservation in meeting future needs?
  • How will the legislature and other government entities promote regional water solutions?


Click here for more information.

2016 Annual Wage & Benefit Survey
Wednesday, 23 March 2016 19:09
FCMA is encouraging ALL Manufacturers a chance to participate in the 2016 FCMA Wage & Benefit Survey this year. We are trying to get the questionnaire out early to give you a chance to review and or get it in the right hands of the person who will be filling it out. This has proven to be a great tool for HR and if you have participated in the past, we thank you and greatly appreciate it. Remember…you will receive a free copy for participating and it will be sold to members only for $75 once it is complete.

Click here for the questionnaire.

Federal Reserve Policy Statement and Summary of Economic Projections
Monday, 21 March 2016 19:05

FOMC Policy Statement Press Release

Information received since the Federal Open Market Committee met in January suggests that economic activity has been expanding at a moderate pace despite the global economic and financial developments of recent months. Household spending has been increasing at a moderate rate, and the housing sector has improved further; however, business fixed investment and net exports have been soft. A range of recent indicators, including strong job gains, points to additional strengthening of the labor market. Inflation picked up in recent months; however, it continued to run below the Committee's 2 percent longer-run objective, partly reflecting declines in energy prices and in prices of non-energy imports. Market-based measures of inflation compensation remain low; survey-based measures of longer-term inflation expectations are little changed, on balance, in recent months.

Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee currently expects that, with gradual adjustments in the stance of monetary policy, economic activity will expand at a moderate pace and labor market indicators will continue to strengthen. However, global economic and financial developments continue to pose risks. Inflation is expected to remain low in the near term, in part because of earlier declines in energy prices, but to rise to 2 percent over the medium term as the transitory effects of declines in energy and import prices dissipate and the labor market strengthens further. The Committee continues to monitor inflation developments closely.

Against this backdrop, the Committee decided to maintain the target range for the federal funds rate at 1/4 to 1/2 percent. The stance of monetary policy remains accommodative, thereby supporting further improvement in labor market conditions and a return to 2 percent inflation.

In determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee will assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation. This assessment will take into account a wide range of information, including measures of labor market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and international developments. In light of the current shortfall of inflation from 2 percent, the Committee will carefully monitor actual and expected progress toward its inflation goal. The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate; the federal funds rate is likely to remain, for some time, below levels that are expected to prevail in the longer run. However, the actual path of the federal funds rate will depend on the economic outlook as informed by incoming data.

The Committee is maintaining its existing policy of reinvesting principal payments from its holdings of agency debt and agency mortgage-backed securities in agency mortgage-backed securities and of rolling over maturing Treasury securities at auction, and it anticipates doing so until normalization of the level of the federal funds rate is well under way. This policy, by keeping the Committee's holdings of longer-term securities at sizable levels, should help maintain accommodative financial conditions.

Voting for the FOMC monetary policy action were: Janet L. Yellen, Chair; William C. Dudley, Vice Chairman; Lael Brainard; James Bullard; Stanley Fischer; Loretta J. Mester; Jerome H. Powell; Eric Rosengren; and Daniel K. Tarullo. Voting against the action was Esther L. George, who preferred at this meeting to raise the target range for the federal funds rate to 1/2 to 3/4 percent.


Summary of Economic Projections:

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