- PRODUCT GUIDE
- MEMBER RESOURCES
- ANSI / ASC01
- JOIN WMMA
September 26-28, 2016
WMMA Regional Meeting
Sheraton Charlotte Hotel
October 7, 2016
April 25-28, 2017
Woodworking Industry Conference (WIC17)
Omni Rancho Las Palmas Resort
Rancho Mirage (Palm Springs), CA
Monday Economic Report September 19th, 2016
Much of the data out last week continued a trend of disappointing releases about the current state of the economy, particularly for August. See more ...
Global Manufacturing Economic Update - Third Quarter
The third quarter NAM 2016 Manufacturers’ Outlook Survey shows manufacturers continue to cope with policy headwinds. Read more ...
Manufacturing Day - October 7, 2016
MFG DAY addresses common misperceptions about manufacturing by giving manufacturers an opportunity to open their doors and show, in a coordinated effort, what manufacturing is — and what it isn't. By working together during and after MFG DAY, manufacturers will begin to address the skilled labor shortage they face, connect with future generations, take charge of the public image of manufacturing, and ensure the ongoing prosperity of the whole industry. Click here to learn more
Congress Passes Tax Package Read more...
Construction Spending Remains Strong In July, Up 13.7% Over The Past Year. Read more...
According to the Hardwood Federation, a body representing 28 hardwood associations, the U.S. Department of Treasury has proposed changes to federal estate tax regulations that will have a significant, negative impact on small and medium businesses, including hardwood lumber businesses. Proposed August 2, the changes potentially prohibit the use of any type of discounts that are customarily applied in valuing assets and property for both tax and non-tax purposes. These include discounts for both minority interests and lack of marketability.
The proposed changes add considerable complexity, says the Hardwood Federation, to the process of valuing and transferring closely-held interests, adding to the costs and burdens for family business owners.
The federation, along with the National Association of Manufacturers (NAM) and the Family Business Estate Tax Coalition (FBETC), have written an open-letter to Dept. of Treasury Secretary Jack Lew urging the withdrawal of these proposed regulations.
If imposed, the regulations would:
· Treat as an additional transfer the lapse of voting and liquidation rights for transfers made within three years of death of interests in a family-controlled entity, thereby eliminating or substantially limiting the lack of control and minority discounts for these transfers;
· Eliminate any discount based on the transferee’s status as a mere assignee and not a full owner and participant in the entity;
· Disregard the ability of most nonfamily member-owners to block the removal of covered restrictions unless the nonfamily member has held the interest for more than three years, owns a substantial interest in the entity, and has the right, upon six months’ notice, to be redeemed or bought out for cash or property, not including a promissory note issued by the entity, its owners, or anyone related to the entity or its owners;
· Disregard restrictions on liquidation that are not mandated by federal or state law in determining the fair market value of the transferred interest; and
· Clarify the description of entities covered to include limited liability companies and other entities and business arrangements, as well as corporations and partnerships.
All family-owned businesses in the industry can sign the letter, which can be found here.
WARREN, Mich. - It's got all the makings of a picture-perfect business relationship. Internationally famous fashion photographer and reality TV personality Nigel Barker has paired with America's largest independent furniture retailer on a new collection of residential furnishings. The Nigel Barker Collection, which includes living room, dining room and bedroom furniture, debuts Oct. 1.
"Fashion is not one-dimensional, but rather a multifaceted industry infused with personal style statements that take on many forms," Barker said. "Through my travels, I was inspired by cultural elements of the countries I have had the privilege to visit, and knew that I wanted to bring that rich design aesthetic to life in this exclusive furniture collection for Art Van Furniture."
The Nigel Barker Collection features more than 40 furniture SKUs plus a host of accessory items, and includes canopy and sleigh beds, sectional sofas, and parquet dining and pedestal tables. According to Diane Charles, vice president of corporate communications for Art Van Furniture, the sectional sofas are manufactured by Bernhardt Furniture in North Carolina. The case goods are produced overseas.
"Nigel Barker has a unique, extraordinary talent for capturing style through the lens of his camera, and he has brought that same passion to his exclusive collection for Art Van Furniture," said Art Van Elslander, chairman and founder of Art Van Furniture. "His hands-on design approach has resulted in a furniture collection that combines style with functionality to create pieces that are practical, yet beautiful and sophisticated."
This is not the first collaboration between the celebrity photographer and furniture retailers. Barker previously photographed Art Van's 2014 Spring Style catalog and helped launch the company's Supermodel Search contest, a subject Barker is well familiar with having served 17 seasons as photographer and judge on the reality TV show, American's Next Top Model and hosting Oxygen Network's modeling competition series, The Face. In addition, Barker is the author of "The Beauty Equation" and the New York Times Best Seller "Models of Influence," and currently serves as the host of SiriusXM's Gentleman's Code as well as Top Photographer, a digital competition series with Adorama TV on YouTube.
The Nigel Barker Furniture Collection launches Oct. 1, with an “Evening of Global Style” party set for Oct. 6 at Art Van's Chicago area store.
According to the company, Art Van Furniture operates more than 100 stores throughout Michigan, Ohio, Indiana, Illinois and Iowa, including freestanding Art Van PureSleep mattress stores, Art Van Flooring stores, and Art Van Furniture franchise locations, as well as a full service e-commerce website. The family-owned company was founded in 1959 and is headquartered in Warren, Michigan.
View the video below, courtesy of Art Van Furniture.
Bosch, in an ongoing patent dispute with SawStop over its Reaxx job-site table saw, says it safety technology does not violate any competitor’s intellectual property rights.
Rehau is launching a new line of fully fabricated custom cabinet doors, available in high-gloss polymer glass, matte and natural textured wood grain surfaces in more than 50 finishes and colors.
Hear what current WMMA members are saying about the valuable benefits and the many rewards of WMMA membership.
The new ANSI standard O1.1-4 Safety Requirements for Shapers for the Woodworking Industry was published. WMMA members are entitled to receive one complimentary copy per company upon request. Email Jennifer@wmma.org to request a copy. Copies can be purchased from the ANSI e-standard store.
Click here for the current issue.
Click here for past issues.
August 27, 2016
INTERNATIONAL WOODWORKING FAIR Double Digit Growth
July 28, 2016
WMMA Announces First Regional Meeting
May 9, 2016
2016 Board of Directors Announced
May 2, 2016
Chris Hacker Becomes WMMA President
Click here to read news about our members.