Raise your voice! Reach out to your Congressional representatives and push for meaningful change.

HindlePower’s President, Nic Hindle, Discusses Employee Focus, Re-Investing in a Family-owned Manufacturing Business in  New Family Enterprise USA Video

Head of Pennsylvania Battery Power Supplier, HindlePower, Talks with Family Enterprise USA’s President Pat Soldano on Reinvesting, Transition Planning For a Manufacturing Business

HindlePower’s Nic Hindle, a fourth-generation family President, discusses how his battery charging manufacturing business copes with high growth, finding skilled workers, and reinvesting for the future, in a new family business video presented by Family Enterprise USA.

 In the video, the head of HindlePower, based in Easton, Pa., talks about urgent workplace issues, improving the lives of employees, and the damaging tax policies affecting family-run manufacturing businesses like his. 

 The video is hosted by Pat Soldano, President of Family Enterprise USA and Policy and Taxation Group, bi-partisan organizations advocating for family businesses on Capitol Hill. 

 With a long heritage in the transformer and battery charging industry, Hindle discusses the company’s origin story in New York City’s Tribeca area, to the loss of the company, and then to its eventual resurgence in Pennsylvania.

 Hindle, part of the company’s fourth generation, discusses the mission of the company, “to improve the lives of our employees,” and reinvesting heavily back into equipment. He also talks about how difficult it is, as many family businesses are finding, hiring skilled engineers and workers.

 HindlePower has 100 employees and has seen growth average 14% a year for the last 20 years, Hindle says in the video. The company’s revenues in 2024 are expected to reach $36 million.

 “Everything we do is decided upon whether or not it will improve the lives or our employees,” says Hindle. “We’ve decided that was a key purpose of our business,” he said. “Every decision we make we ask ourselves, ‘is in the best interest of our employees, or not.’”

 Hindle also talks about the difficulty of managing a business with large research and development tax payments that hit manufacturers, on finding a way to develop a “sensible immigration policy” that allows companies to easily find and hire skilled workers, and on managing the transitional steps for the next generation.

 The video is part of series presented by Family Enterprise USA to help generationally-owned family businesses face today, including unfair taxation, workplace issues, and over regulation.

 “HindlePower is a good example of the difficulties manufacturing-based family businesses are grappling with, from new R&D expensing rules to workforce issues, to planning for tomorrow’s leadership,” said Soldano. “In this video, Nic Hindle offers valuable lessons for other equipment and manufacturing family-owned businesses, and he talks about how both Federal and State policies can make a difference.”  

 Click here to watch the full video.

 If you have a family business and a story to tell about your success and/or challenges, go to www.familyenterpriseusa to submit them to us.

We hope you’ve enjoyed this article. While you’re here, we have a small favor to ask…

As we prepare for what promises to be a pivotal year for America, we’re asking you to consider becoming a supporter.

The need for fact-based reporting of issues important to family offices and successful individuals and protecting a lifetime of savings has never been greater. Now more than ever, family offices and successful individuals are under fire. That’s why Policy and Taxation Group is passionately working to increase the awareness of issues important to family offices and successful individuals, while continuing to strengthen our presence on Capitol Hill.

Policy and Taxation Group is the Voice for Family Offices and Successful Individuals in Washington, DC focused exclusively on the critical tax and economic policies that impact them.

Since 1995, Policy and Taxation Group has been the leading advocacy group working to reduce and eliminate estate tax, gift tax, and generation skipping transfer tax while blocking increased income tax and capital gains taxes, the creation of a wealth tax, and other hostile tax policies that punish hardworking taxpayers and success.

#incometax #taxseason #federaltaxpolicy #taxation #EstateTax #Deathtax #wealthtax #taxLegislation #CongressionalCaucus #CapitalGainsTax #incometaxrates #incometaxseason #taxrefund #taxreturn #incometaxreturn #gifttax #Generationskippingtax #InheritanceTax #repealestatetax #FamilyBusiness #promotefamilybusinesses #familyowned #supportlocalbusiness #womeninbusiness #AdvocatingForFamilyBusinesses #Generationallyowned #Multigenerationalbusiness  @FamilyEnterpriseUSA @PolicyAndTaxationGroup @DitchTheEstateTax #FamilyEnterpriseUSA #PolicyAndTaxationGroup #DitchTheEstateTax