“Reshoring” Brings Manufacturing Back To U.S.

Friday, March 21, 2014
Dr. Roger Tutterow
Dr. Roger Tutterow

After several shaky years, prospects are looking up for the manufacturing industry, both in the nation and in Georgia. Dr. Roger Tutterow, professor of Economics at Mercer University and financial analyst and advisor, will share his perspective at the Second Annual Manufacturing Trends Luncheon Thursday, April 17 at the Dalton Golf and Country Club.

Dr. Tutterow will speak “On the Economic, Political and Manufacturing Environment.” He appears courtesy of The Center for Economic Research and Entrepreneurship of Dalton State’s School of Business; the lunch program is co-sponsored by the Greater Dalton Chamber of Commerce, Dalton-Whitfield Joint Development Authority, and The Dalton State Foundation.

“Manufacturing is recovering and with the announcements of several new manufacturing plants and expansions of existing plants, the industry will continue to be a vital part of Northwest Georgia’s economy,” said Dr. Larry Johnson, Dean of the School of Business and Professor of Economics at Dalton State. “We are honored to have Dr. Tutterow both here on campus and at the luncheon to give us an update on the latest trends in manufacturing.”

Among the trends Dr. Tutterow notes is the move back to the U.S. of some manufacturing plants that previously moved offshore to save money. “The prospects of ‘reshoring’ of production back to the U.S. are quite compelling,” he said. “Labor costs are rising abroad, reducing the advantages of foreign production.” 

True to form, our region is experiencing a resurgence of manufacturing activity.

“In recent years, there has been an increased recognition of the importance of manufacturing to Georgia,” he said. “Further, policy decisions have reflected the importance of this industry.” 

“Georgia has enjoyed several manufacturing ‘wins’ in the last year,” he continued. “One can point to examples of reshoring and of foreign direct investment right here in our state.”

Dr. Tutterow’s analysis of the economic, business, and political environments have been featured in a variety of media including “The Wall Street Journal,” “Financial Times,” “USA Today,” CNN, CNBC, NBC, Bloomberg Television, NPR’s “Marketplace,” and “All Things Considered.”

"Our community has a wonderful opportunity to hear a leading expert in the field of economics discuss trends not only vitally important to our nation but our community as well," said Brian Anderson, president and CEO of the Greater Dalton Chamber of Commerce, a co-sponsor of the luncheon.

Currently a professor of Economics at Mercer, Dr. Tutterow previously service the university as dean of its Stetson School of Business. In addition to his work in academia, he has served as a consultant on financial economics and statistical modeling for corporate clients ranging from Fortune 500 companies to closely held businesses. He serves as chief economic advisor for the Henssler Financial Group, and Atlanta-based financial services firm, and as a strategic advisor to Georgia Oak Partners, an Atlanta-based private equity firm.

He was selected as one of “Georgia’s Most Influential” by “James” magazine and by “Georgia Trend” magazine as a “notable Georgian.” In 2003, then-Governor Sonny Perdue appointed Dr. Tutterow to serve on the Governor’s Council of Economic Advisors, a capacity that he continues to serve in for Governor Nathan Deal. He has provided expert testimony on economic, financial, and statistical matters in state and federal court, before the Georgia General Assembly, and before the Georgia Public Service Commission. He has spoken before professional groups in 23 states and Canada on a variety of topics in the economic, business, and political arenas. 

A native of Georgia, Dr. Roger Tutterow holds a B.S. in Decision Science from Berry College and an M.A. and Ph.D. in Economics from Georgia State University. He has held faculty and administrative appointments at West Virginia University, Georgia State University, and Kennesaw State University. Dr. Tutterow also served as a visiting professor at the University of the West Indies in Trinidad and at the Institute for Industrial Policy Studies in Seoul, South Korea.

The Center for Economic Research and Entrepreneurship is an outreach of the College’s School of Business that provides economic research and analysis to local businesses and economic developers. CERE sponsors a speaker series and publishes a newsletter, “Business Analytics,” which addresses topics of local economic interest. The newsletter is available on the center’s website, www.daltonstate.edu/cere

The cost of the luncheon is $15 and pre-registration is required. To register, go to the
“Upcoming Events” tab at www.daltonchamber.org and click “Manufacturing Trends.”

For more information about Dr. Roger Tutterow or the Second Annual Manufacturing Trends Luncheon, contact Dalton State’s School of Business at 706 272-4507.

 


Corker Asks Colleagues To "Oppose Blatant Budget Gimmick Proposal To Fund Highway Trust Fund"

In remarks on the U.S. Senate floor Monday, Senator Bob Corker said senators should reject using a budget gimmick known as pension smoothing to pay for a short-term extension of the Highway Trust Fund and instead commit to a long-term, sustainable solution to highway funding. “Many claim that budget gimmicks should not be used as offsets to pay for spending," said Senator Corker. ... (click for more)

Cornerstone Community Bank Has Rise In Earnings

Cornerstone Bancshares, Inc. (OTCBB: CSBQ; CSBQP), parent company of Cornerstone Community Bank, today reported earnings for the second quarter ended June 30, including a rise in income. Net income for the quarter was $409,000, a 3.3 percent increase from the same quarter of 2013.  Net interest income increased 5.5 percent from the same quarter last year. “Cornerstone ... (click for more)

EPB Says It Did Not Overbill The City; Says City Got $685,877 Break

EPB officials said Tuesday that an exhaustive audit of its street light contract with the city showed that it did not overbill the city. Instead, it said it found that the city was underbilled $685,877. EPB said it only goes back one year on errors so the amount owed by the city would be $178,314. Officials said that would be discussed with the city. Stan Sewell, the city's ... (click for more)

Citizens To Comment Next Tuesday On Sound Control Ordinance That Allows Higher Sound Around Downtown Clubs

Citizens will be allowed to comment next Tuesday on a new Sound Control Ordinance that allows higher sound from nightclubs in a downtown Controlled Sound Boundary. Track 29 behind the Chattanooga Choo Choo, that has drawn the wrath of some nearby Southside residents, is within the boundary, which goes along the river on the north and west, to around Erlanger Hospital on the ... (click for more)

I'm Number One In A Round About Way

Roundabouts have been popping up all over Chattanooga over the past few years and for the most part have been successful.  Unfortunately there are some who just don’t get it as I have found out the hard way.    My latest instance was last week when a young woman on her cell phone almost t-boned me as she flew into the roundabout without yielding.  A near miss ... (click for more)

Roy Exum: Oscar Brock’s True Passion

I don’t pay much attention to the Hamilton County School Board. Once the moon and the stars aligned behind Superintendent Rick Smith, you hear very little, if anything, from the nine-member council that oversees an annual budget of almost $400 million and employs 4,480 people. So chew this for a minute: approximately 2,000 of those people are not teachers. Yes, there are 78 principals ... (click for more)