Original Press Release
A Moment with U.S. Representative Danny Davis Leads to Hopes of Something More "Permanent"
Press release date: August 12, 2009
BANNOCKBURN, Ill., USA, August 12, 2009 - Lincoln International's Chicago office may seem like a long way from Washington D.C., but it's really closer than you may think, especially given the relationships between some Congressmen and their constituents.
Jack Calderon, Lincoln International's managing director and a member of the IPC Board of Directors, was introduced for the first time to Yul Edwards, Chief of Staff to U.S. Rep. Danny Davis, at IPC's Capitol Hill Day held in Washington, D.C. Taking a moment to connect with his government officials in May 2009, Calderon had a valuable opportunity to talk about important issues that impact doing business in the electronics manufacturing industry, namely the importance of a permanent Research and Development (R & D) Tax Credit. Coincidentally, Davis is a co-sponsor of H.R. 422, a bill that would increase the Alternative Simplified Tax Credit (ASC) and make the R&D tax credit permanent.
Personally connecting with his constituency, Davis paid a visit to Lincoln International recently when he was in Chicago. In a brief address to Lincoln employees, including Calderon and Robert Barr, co-founder and managing director and president of North America, Davis discussed the new administration's focus on the economy, environment and health care reform and took time to answer questions from his constituents.
IPC President and CEO Denny McGuirk was also in attendance and thanked the congressman for co-sponsoring H.R. 422. "As recently as last week, President Obama said that a permanent R&D tax credit is needed. We are hopeful that H.R. 422 will go to the floor in the fall and give the economy ... and our members a much-needed boost," said McGuirk.
All IPC members and other industry companies are encouraged to reach out to their respective congressmen to urge passage of H.R. 422. More information on this important bill, including sample letters, talking points, a fact sheet, and the steps to take to contact your representative, is available at www.ipc.org/R&D-tax-credit-take-action.
About IPC IPC (www.IPC.org) is a global trade association based in Bannockburn, Ill., dedicated to the competitive excellence and financial success of its 2,700 member companies which represent all facets of the electronics industry, including design, printed board manufacturing, electronics assembly and test. As a member-driven organization and leading source for industry standards, training, market research and public policy advocacy, IPC supports programs to meet the needs of an estimated $1.7 trillion global electronics industry. IPC maintains additional offices in Taos, N.M.; Arlington, Va.; Garden Grove, Calif.; Stockholm, Sweden; Moscow, Russia; and Shanghai and Shenzhen, China.
About Lincoln International Lincoln International specializes in merger and acquisition services, private capital raising, and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, New York, Paris, Tokyo, and Vienna, and strategic partnerships with China Everbright and other partner firms in Asia, Lincoln International has strong local knowledge in the key global economies. The organization provides clients with senior level attention, in depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflict of interests. More information about Lincoln International can be obtained at www.lincolninternational.com