North Mill Equipment Finance | The Compass
Sept. 8 2016    |    Issue 16
Assessing the Second Half of 2016 in Equipment Finance: Stability, Despite Uncertainty
The political season, with this one in particular, hasn't made it easy for anyone to understand the current economic climate. What began as a 17-man race on one side, and a fight to the end on the other, left many wondering how to predict their next move throughout the decision-making process. Each candidate had a very different idea on how they foresaw moving the economy forward. Read More >>

For Brand Agents, Boosting Marketability Means Boosting Business
North Mill Equipment Finance

If you want to boost marketability as a brand agent in the modern era, you'll need to keep a few core things in mind. Read More >>

Business Expansion Projections at Highest Level Since Early 2015
Equipment Finance Advisor

Buoyed by higher profit growth expectations, business executives are predicting an increase in corporate expansion for the coming year, according to the AICPA Economic Outlook Survey. Read More >>

US construction equipment exports still down at midyear
Construction Equipment

Exports of U.S.-made construction equipment were down 24 percent overall at midyear 2016 compared to the first half of 2015 with a total $5.65 billion shipped to global markets. Europe was the sole region with a gain — up 2 percent, and South America and Africa led the double-digit declines. Read More >>

Infographic: US Manufacturing Is Alive And Well
Business Insider

This infographic shows 15 incredible facts about the flourishing U.S manufacturing sector, and exciting times that lay ahead. Read More >>

For Business Success, Hire Self-Managing Employees
Business News Daily

One of the most common hiring philosophies among smart leaders is to find great people. By "great," they often mean hardworking, independent individuals who can essentially manage themselves. Read More >>

Research: Millennials Think About Work Too Much
Harvard Business Review

This age group experiences a sharp increase in ongoing stress, characterized by the most negative thoughts and the least positive emotions, compared to other age groups. Read More >>

How To Use the P-F Curve To Improve Equipment Maintenance And Management
Equipment World

If you're finally at the point where you realize poor maintenance practices cost you money (and good maintenance is well worth the money you invest in it), congratulations. Read More >>

Orders for US Capital Equipment Climb by Most Since January

Orders for business equipment climbed in July for a second month, advancing the most since January and indicating U.S. companies are becoming less reluctant to invest. Read More >>

Survey Finds 73 Percent of Vendors Leveraging Mobile Technology
Monitor Daily

According to the results of Balboa Capital's 2016 Equipment Vendor Mobile Technology survey, 73 percent of equipment vendor businesses are utilizing mobile technology. Read More >>

North Mill Equipment Finance won two Silver Stevie® Awards for website of the year and marketing campaign of the year at The 14th Annual American Business Awards this summer.

The American Business Awards is the nation's premier business awards association. All organizations operating in the USA are eligible to submit nominations – public and private, for-profit and non-profit, large and small.

Nicknamed the “Stevies” for the Greek word meaning “crowned,” the awards were presented to winners at a gala ceremony at the Marriott Marquis Hotel in New York.

More than 3,400 nominations from organizations of all sizes and in virtually every industry were submitted this year for consideration in a wide range of categories.

What’s more, 250 professionals worldwide participated in the judging process to select this year’s Stevie Award winners. “It’s certainly an honor to be recognized by such a prestigious and well known organization,” said Don Cosenza, Chief Marketing Officer for North Mill. “Our goal is always to provide the highest quality materials to our referral sources.”

According to Michael Gallagher, the president and founder of the Stevie Awards, the judges were extremely impressed with the quality of entries received this year. “The competition was intense,” he said. “Every organization that won should be very proud.”

North Mill's website can be reached at

Overall new business volume for July 2016 was $7.0 billion, down 17 percent year-over-year from new business volume in July 2015.

ELFA President and CEO Ralph Petta said, "July’s new business volume to begin the third quarter continues the rollercoaster ride that is the equipment finance sector. Positive fundamentals in the U.S. economy, which include a recent strong jobs report, lower unemployment and a bullish equities market, are offset by sluggish overall growth in the U.S. economy and stagnant capex spending by businesses both large and small." Read More >>

For more information on articles in The Compass, or if you're interested in learning how to become a North Mill Referral Source, please email Don Cosenza at or call 203-354-6018.

This newsletter includes links to other websites and the content within. The articles that link outside this newsletter have not been generated by, nor are they endorsed by, North Mill Equipment Finance LLC. The aggregated content is simply intended to provide direct access to information that a Referral Source may find useful.

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