That’s a Butler® building. Wide-open interiors and Alexander & Bebout, Inc. Engineering • Design • Construction 10098 Lincoln Highway, Van Wert, Ohio 419-238-9567 www.AlexanderBebout.com That’s a Butler ® building. Wide-open interiors and beautiful exteriors. Your local Butler Builder ® , ALEXANDER & BEBOUT, INC., can handle complex building requirements with all the efficiencies and savings you expect from a Butler building. Call us today. The Business Journal 405 N. Main St. Delphos, OH 45833 PRSTD STD U.S. Postage PAID Delphos, OH Permit No. 21 www.businessjrnl.com Business J ournal OF WEST CENTRAL OHIO THE September 2014 The Region’s Business Publication INSIDE • IPB and Colliers International complete sale ........................ P5 • People on the Move ............. P6 • By the Numbers ................ P 7-8 • Jeffrey Gitomer column ...... P 10 • Much More! See PAULDING, page 2 A profile of Paulding County BY ED GEBERT Business Journal Writer [email protected]PAULDING — In northwest Ohio, Paulding county boasts a population of 19,254 on just over 416 square miles. That averages 47.1 persons per square mile. Of that land, 87.8 percent is used as cropland with another 7.6 percent in forest. Much of the land was once a part of the Great Black Swamp which covered most of northwest- ern Ohio nearly two centuries ago. The county seat is Paulding, with a pop- ulation of 3,544. Also within the county is the Village of Antwerp, with a population 1,712, and the Village of Payne with 1,172. Smaller communities include Briceton, Latty, Melrose, Haviland, Oakwood, Scott, Broughton, Cecil, and Grover Hill. The working population of Paulding County is willing to drive a distance to work. The mean driving time to work is 23 minutes. The total civilian work force is around 9.500 with 500 unemployed for a unemployment rate of 5.2 percent as of July 2014. There were 346 active businesses in Paulding County, including 27 business starts to last year. Major employers in the county include Alex Products, Cooper Farms, H.E. Orr Co., LaFarge, Paulding County Hospital, Paudling Exempted Vil- lage Schools, Spartech Corp., Tem-Pace/ Paragon Tempered Glass, and Wayne Trace Local Schools. The state lists 105 good- producing establishments in the county with an average of 1,859 employees at an average wage of $727 per week. Serving- providing industries number 214 with em- ployment averaging 1,762 workers at an average wage of $491 per week. Paulding County is also home to two industrial wind farms. Timber Road Wind Farm, owned by EDP Renewables, con- tains 55 wind turbines which can produce a total of 99 megawatts. The Blue Creek Wind Farm, owned by Iberdrola Renew- ables, is split between Paulding County and Van Wert County with 175 total wind turbines producing up to 350 megawatts of power. In addition, a few private firms have erected wind turbines to cut overall power costs. Traditional farming is big business in Pauld- ing County. Around 680 farms take about 22,878 acres with total cash receipts at $187.1 million, the majority of those receipts (nearly $1.03 million) Paulding County Courthouse
Transcript
That’s a Butler® building. Wide-open interiors and beautiful exteriors.
Your local Butler Builder®, ALEXANDER & BEB-OUT, INC., can handle complex building require-ments with all the efficiencies and savings you expect from a Butler building. Call us today.
www.butlermfg.com 1-855-BUILD-86
That’s a Butler® building. Wide-open interiors and beautiful exteriors.
Your local Butler Builder®, ALEXANDER & BEB-OUT, INC., can handle complex building require-ments with all the efficiencies and savings you expect from a Butler building. Call us today.
www.butlermfg.com 1-855-BUILD-86
That’s a Butler® building. Wide-open interiors and beautiful exteriors.
Your local Butler Builder®, ALEXANDER & BEB-OUT, INC., can handle complex building require-ments with all the efficiencies and savings you expect from a Butler building. Call us today.
www.butlermfg.com 1-855-BUILD-86
Alexander & Bebout, Inc.Engineering • Design • Construction
10098 Lincoln Highway, Van Wert, Ohio419-238-9567
www.AlexanderBebout.com
That’s a Butler® building. Wide-open interiors andbeautiful exteriors.
Your local Butler Builder®, ALEXANDER & BEBOUT, INC., can handle complex building requirements with all the efficiencies and savings you expect from a Butler building. Call us today.
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www.businessjrnl.com
BusinessJournalOF WEST CENTRAL OHIO
THE
September 2014
The Region’s Business Publication
INSIDE
• IPB and Colliers International complete sale ........................ P5
PAULDING — In northwest Ohio, Paulding county boasts a population of 19,254 on just over 416 square miles. That averages 47.1 persons per square mile. Of that land, 87.8 percent is used as cropland with another 7.6 percent in forest. Much of the land was once a part of the Great Black Swamp which covered most of northwest-ern Ohio nearly two centuries ago.
The county seat is Paulding, with a pop-ulation of 3,544. Also within the county is the Village of Antwerp, with a population 1,712, and the Village of Payne with 1,172.Smaller communities include Briceton, Latty, Melrose, Haviland, Oakwood, Scott, Broughton, Cecil, and Grover Hill.
The working population of Paulding County is willing to drive a distance to work. The mean driving time to work is
23 minutes. The total civilian work force is around 9.500 with 500 unemployed for a unemployment rate of 5.2 percent as of July 2014.
There were 346 active businesses in Paulding County, including 27 business starts to last year. Major employers in the county include Alex Products, Cooper Farms, H.E. Orr Co., LaFarge, Paulding County Hospital, Paudling Exempted Vil-lage Schools, Spartech Corp., Tem-Pace/Paragon Tempered Glass, and Wayne Trace Local Schools. The state lists 105 good-producing establishments in the county with an average of 1,859 employees at an average wage of $727 per week. Serving-providing industries number 214 with em-ployment averaging 1,762 workers at an average wage of $491 per week.
Paulding County is also home to two industrial wind farms. Timber Road Wind Farm, owned by EDP Renewables, con-tains 55 wind turbines which can produce a total of 99 megawatts. The Blue Creek Wind Farm, owned by Iberdrola Renew-ables, is split between Paulding County and Van Wert County with 175 total wind turbines producing up to 350 megawatts
of power. In addition, a few private firms have erected wind turbines to cut overall power costs.
Traditional farming is big business in Pauld-ing County. Around 680 farms take about 22,878 acres with total cash receipts at $187.1 million, the majority of those receipts (nearly $1.03 million)
Paulding County Courthouse
2 TheBusinessJournal September 2014
Paulding
Flags line the streets of Paulding.
Maumee River
Wind turbines on one of two wind farms located in Paulding County.
LOGAN COUNTYSuccessful businesses that
provide jobs, support families and promote community partnerships.
INDUSTRIAL & COMMERCIAL ROOFING
CottermanRoofing.comMinster, Dayton & Columbus
(800) 713-3190
comes from raising crops. Another $84.2 million is collected for lifestock and other ag products.
Paulding County was the first county in the United States to receive funding from Andrew Carnegie to build a library. Carnegie also matched funds to purchase a pipe organ in the Paulding Methodist Church. The county has four buildings listed on the National Register of Historic Places: The Pauld-ing County Carnegie Library, the Paulding County Court-house, the depot on the Norfolk and Western Railway in Ant-werp, and a round barn on Emerald Township Rd. 168 northest of Paulding.
School districts in Paulding County are Paulding Exempt-ed Village Schools, Wayne Trace Local Schools, and Antwerp Local Schools. A career-tech center, Vantage Career Center also educates high school juniors and seniors and offers adult education courses as well.
Throughout the county there are 10 public school buildings in use with a total enrollment of 3,126 students and approxi-mately 210 (full-time equivalent) teachers. There is one major main library plus three library branches. Nearly 88 percent of all county residents age 25 and older have a high school diplo-ma. Another 12.5 percent have a Bachelor’s degree or higher. There are 1,523 persons in the county who are U.S. veterans.
Housing is mostly stable in Paulding County. The home-ownership rate is near 80 percent, compared to just 68 percent across Ohio. Of the nearly 8,700 housing units in the county, only 7.7 percent are in multi-unit structures. Almost 90 percent of residents have lived in the same house for one year or more.The median value of all housing units is $92,100. The median household income is slightly over $44,000 annually, and 14 percent of the people live below the poverty line.
(Continued from Page 1)
September 2014 TheBusinessJournal 3
of West Central OhioVolume 23, No. 9
Contributing WritersJeffrey Gitomer
The Business Journal is mailed to the top business leaders in the 13-county region of West Central Ohio. Although information is gathered from sources considered to be reliable, the accuracy and completeness of the information cannot be guaranteed. Information expressed in The Business Journal does not constitute a solicitation for the purchase or sale of any products.
Copyright, The Business Journal of West Central Ohio, 2006, All rights reserved. Reproduction or use, without written permission of editorial, photographic or other graphic con-tent in any manner is prohibited. The Business Journal is published monthly at 405 N. Main St., Delphos, OH 45833
Contact UsCynthia Yahna 419-695-0015 ext. 129
cyahna @ delphosherald.comPeter W. Ricker 419-695-0015 ext. 130
In 2013, the West Central Ohio Manufacturing Consortium (WCOMC) - including Rhodes State College and the Northwest Ohio Manufacturing Extension Partnership - conducted a regional survey of manufacturers, which gave a snapshot of manufacturers’ skill and education require-ments, skill gaps and hiring projections.
The survey included 52 companies rep-resenting 56 facilities in 12 counties of West Central Ohio. The manufacturers employ over 18,000 and combine for $11 billion in annual sales.
The survey identified detailed skill sets, educational requirements and employ-ment needs for replacement and incumbent workers and consisted of 154 questions on
skills and education requirements that were needed within the industry as it prepares a competent workforce.
The 2013 Survey found problems at the Basic skill level including the “soft” skills of punctuality, completing tasks on time, following directions and procedures and internal written and verbal communica-tions.
Problems in Computerized Numeric Control (CNC) and Programable Logic Control (PLC) interfacing and program-ming; evaluating and managing personnel; working with word processing, spreadsheet, database software; team leadership; and the facilitation of team meetings appeared in the Intermediate skill level.
At the Advanced skill level, the survey indicated issues with external verbal and written communication; maintaining buget control; performing cost-benefit analysis;
diagnosing malfunctions; troubleshooting and repairing equipment; computer net-working and programming.
Specific findings of the 2013 survey in-cluded:
• The percentage of Advanced skilled workers increased from 17 percent in 2007 to 21 percent in 2013;
• The percentage of Basic skilled work-ers in the 2004 survey (50 percent) were much lower than in 2007 (64 percent) and 2013 (63 percent); · Average starting wage at Basic skill level is $1 per hour higher than in 2007, but the average wage declined from 2007 by 50 cents per hour;
• Largest increase in number of skills “preferred” or “required” were reported at Basic level;
• Percentage of manufacturers planning to hire increased in all three skill levels and the total number of projected hirings were
lower than in 2007, and;• Difficulty in finding Basic skilled
workers showed largest increase among manufacturers surveyed; and
• Percentage of interest in co-ops and in-ternships doubled from 2007 survey.
The 2009 survey focused on developing a skilled workforce specifically for process operations.
In 2007, the survey indicated Basic, In-termediate and Advanced skill levels were trending and the challenge for manufactur-ers was to continue promoting future work-ers up a career pathway.
Survey results in 2004 showed that man-ufacturers in the region needed to employ workers with high-technology skills who were able to work in an advanced manu-facturing environment in order to compete nationally and globally.
Connect Ohio report shows 31 percent of Ohio Internet users apply for services or fill out forms at government websites
Submitted Information
COLUMBUS – According to Connect Ohio’s recently published report, Making Government Accessible: e-Government Usage in Ohio, nearly 3.6 million adults (47% of adult Internet users in the state) go online to do business with government of-fices. More than one in three Ohio Internet users (38%) go online to search for infor-mation about govern-ment services, while 31% use the Internet to apply for government services or fill out forms at government websites.
“With a large amount of government services quickly transitioning to online formats, it is en-couraging to see a growing number of Ohio Internet users utilizing them,” said Stu Johnson, executive director of Con-nect Ohio. “Unfortunately many Ohioans are excluded from these services due to lack of available broadband services or ad-equate digital skills, with concentration in the most vulnerable populations that these services are intended to serve. To keep pace with the twenty-first century, it is important to ensure that all Ohioans have the skills and access to equipment in order to take advantage of these services.”
E-Government usage increases among Internet users who are veterans (52%) and adults with disabilities (51%). Altogether, this represents approximately 385,000 vet-erans across the state and nearly 630,000 Ohio adults with disabilities who rely on the Internet to find information and inter-
act with the government agencies that help them on a daily basis.
Online services will only help those Ohioans who have the skills and capabili-ties to access broadband, yet more than 1.2
million households in Ohio still do not sub-scribe to home broadband. This will need to increase as a growing number of govern-
Miller Precision Mfg. Industries, Inc.
131 Progressive Dr. P.O. Box 489Ottoville, Ohio 45876
CNC Precision Machining • Small & Large Production Runs• Fixtures • Special Machinery & Tooling
PIQUA – A former Chevrolet facility has been purchased and is scheduled to be transformed into the RUSO Business Center. Local investors have purchased the 10 acre site at Exit 83 in Piqua to cre-ate a premier business park that will in-clude a fully renovated 14,000 SF show-room facility for offices or retail as well as a 36,000 SF industrial facility that will accommodate automotive, trucking and
light industrial.Thom Baker and his sons Adam and
Matthew Baker of ATM Investments, LLC purchased the property. Thom Baker is a lo-cal entrepreneur who has operated Wappoo Wood Products in Sidney for over 34 years. This location at 8654 N. County Road 25A is adjacent to I-75; this along with the nu-merous amenities the facility has to offer is what convinced Baker to acquire the for-mer dealership. He felt this was the right time to invest in the local economy. “This
is a chance to help attract employment to the area and we felt this was great location to do that,” added Baker.
Tim Echemann of Industrial Prop-erty Brokers represented the seller in this transaction and will continue to market the property for lease. “Piqua is fortunate to have local entrepreneur’s that are will-ing to take the risk to purchase vacant facilities and turn them back into income producing properties. We have a high lev-el of interest in leasing the property now
that a new owner is in place,” commented Echemann.
Industrial Property Brokers is a pre-mier full service real estate company of-fering sales, leasing, investment analysis, tenant representation, and property man-agement throughout Western Ohio and Eastern Indiana. The company is located at 213 N. Ohio Ave., Sidney, Ohio. For more information visit www.industrial-property.biz or call 937-492-4423.
Investor purchases 55,000 square-foot Piqua business center
7 cardinal rules to retirement planningFinancial Planner says Independent & Credentialed Advisors may better tailor individual portfolios
Information Submitted
An onslaught of retiring baby boomers; the uncertain du-ration of Social Security funding; difficulty with workplace retirement accounts like 401(k)s – even if these factors were stronger than they are now, you’d still have a heavy burden in managing your finances during retirement, says financial planner Carl Edwards.
“Financial planning for retirement has always been a daunting prospect; the current landscape simply makes your preparation that much more crucial in using your assets well,” says Edwards, a highly credentialed consultant and owner of C.E. Wealth Group, (http://www.cewealth.com).
“Many advisors and clients rely too much on single prod-uct lines. This misuse often gives products and the financial industry in general a bad name. Advisors who are restricted in the types of financial products they can offer or under-stand may not provide the best advice. Independent and cre-dentialed planners, on the other hand, don’t have their hands tied in what they can offer clients and may provide better advice.”
Edwards reviews seven essential points that everyone should know regarding retirement planning.
• Avoid trying to time the market. Markets often move in cycles and some investors believe that they can boost their investment returns by buying at the bottom and selling at the top. The problem is that investors are terrible at correctly predicting market movements and multiple studies have
shown that market timers usually end up with significant-ly smaller retirement savings than buy-and-hold investors. While it can be stressful to see your portfolio plummet dur-ing a market correction, it’s important to stay calm and focus on your long-term strategy.
• Use risk-appropriate financial vehicles. Retiring can be a risky business. The days of relying on employer-provided pension plans are largely over and retirees now have to deal with risks including investment, inflation, healthcare, lon-gevity and others. Though the total elimination of risk isn’t possible, we can manage many of them through competent retirement planning and a clear understanding of factors like your goals, time horizon and financial circumstances.
• Invest in the most tax-efficient manner. Taxes can take a big bite out of investment returns, which is why we stress tax-efficient planning with our clients. While taxes are just one piece of the overall financial puzzle, it’s important to structure your investments so that you are able to keep what you earn.
• Complete a cash flow analysis. Retirement will involve major changes to your finances. Sources and timing of in-come will change and financial priorities may shift as you start generating income from retirement savings. A cash flow analysis will identify spending patterns and help ensure that you have enough income to support your retirement lifestyle.
• Guarantee your required income. For many retirees, having income that is not subject to market fluctuations is an important part of their retirement plan. Many will have at
least some level of guaranteed income from Social Security or defined benefit pension plans. However, if you are wor-ried that your expenses exceed your guaranteed income, a financial advisor can help you explore options for additional streams of income for life. Guarantees are subject to the pay-ing ability of the income provider.
• Utilize longevity planning. Today’s retirees are liv-ing longer than ever and many worry about outliving their assets. Longevity planning is about preparing for a happy, comfortable and independent retirement and can help ensure that your wealth lasts as long as you need it to.
• Consider the effects of inflation. Inflation is one of the biggest issues facing retirees because they are dispropor-tionately affected by rising prices. Escalating food, fuel and medical costs can devastate a retirement portfolio unless these costs have been factored into your planning. Position-ing your retirement portfolio to fight inflation is critical to ensuring adequate income in retirement.
(Carl Edwards, MBA, ChFC®, is a Chartered Financial Consultant® and is the owner of C.E. Wealth Group, (http://www.cewealth.com). He has passed the Series 7, Series 66 and Series 63 securities industry exams. In addition, he has passed the Series 24 principal exam. He represents High Street Asset Management as an Investment Adviser Representative and Cal-ton & Associates, Inc. as a Registered Representative. Edwards is also a licensed insurance agent in Life, Health, Medicare Sup-plement and Long Term Care insurances.)
September 2014 TheBusinessJournal 5
Industrial Property Brokers and Colliers International complete sale for $10 million in Fostoria
Information Submitted
Fostoria, Ohio – Industrial Prop-erty Brokers and Colliers International in Greater Cincinnati are pleased to an-nounce the completed sale of an industrial warehouse at 130 W. Jones Road in Fos-toria, Ohio, for $10 million.
The 588,000-square-foot industrial property was sold by Herb Krumsick to an undisclosed buyer. Tim Echemann, SIOR, CCIM, President of Industrial Property Brokers and Norm Khoury, CCIM, SIOR, Brokerage Senior Vice President with Colliers International in Greater Cincin-nati, represented the seller in the transac-tion. “We have seen an uptick in industrial activity in areas surrounding Fostoria,” said Echemann. “This is the first large property sale the community has seen in sometime. It’s a positive sign for more transactions to move forward.”
The 558,000-square-foot warehouse property sits on 12.625 acres and was almost full leased at the time of the sale by a variety of tenants. Krumsick is one of the top investment brokers in the U.S. and has been in real estate investment for 45 years. He and his other principal part-ners, Dan Carney, the founder of Pizza Hut, and Ken Wagnon, who owns Capi-tal Enterprises (150 Pizza Huts, Freddy’s Steakburgers and other restaurants con-cepts), bought the building when it was vacant. The investors quickly rehabbed the building; painted it, laid new asphalt in the parking lots, replaced damaged sheet insulation, fixed and installed T5 lighting and completed other general property maintenance. About six months after they purchased the facility, the en-tire building was leased to Ohio Logistics and H.J. Heinz. During the down turn in the economy a few years ago, there was
a significant amount of vacancy in the building. Today the property is 95% oc-cupied. “This has been a good invest-ment for us. We are very pleased that we were able to turn it around and fully lease the facility and eventually sell it,” stated Krumsick.
Krumsick added, “We also owned the 488,000 square foot. warehouse located at 110 E. Jones which we purchased at about the same time. We rehabbed that building
and leased it to Arm & Hammer. We sold that building last year to an investment group that is Boston based.”
Khoury added that “it’s great to see tertiary cities along the I-75 Corridor, like Fostoria, making strides in commercial real estate.” Khoury and Echemann have worked together for more than 20 years in the Industrial/Commercial real estate in-dustry, specifically in the marketing of in-dustrial properties along the I-75 corridor.
The Business Journal of West Central OhioDistributed in 13 counties...
For the past 29 years, Ayers Mechanical Group has providedN.W. Ohio with dependable plumbing and heating services.
419-238-5480
6 TheBusinessJournal September 2014
PEOPLE ON THE MOVE
The Business Journal of West Central Ohio available online.
Conley joins Dickman Supply as Branch ManagerInformation Submitted
Industrial and Electrical supplier Dick-man Supply is bringing additional experi-ence to its Marysville store with the recent addition of Bill Conley. Conley has taken on the role of Branch Manager and brings 18 years of experience in electrical distribu-tion with him. Bill is a 1998 graduate of The Ohio State University, beginning in the elec-trical distribution industry as an intern while at Ohio St.
Many area businesses will recognize Conley from his most recent position as an agent with Concept Sales, where he repre-sented 12 of the industry’s top manufacturers in the greater Columbus area.
According to Dickman Vice-President, Chris Geise, “We are excited to have Bill joining our Marysville team. His knowledge and experience in the market will enhance the support we provide to customers at our newest location as we continue to grow in the Marysville area.”
Dickman Supply, which opened in Marysville in October of 2013 at 548 N Main Street, is one of the largest independently-owned and operated electrical and indus-trial suppliers in the state of Ohio, serving contractors, commercial, and industrial companies in West and Central Ohio and also Eastern Indiana from their locations in Sidney, Greenville, Celina, and Marysville.
Ruse named honorary chairman of Findlay•Hancock County Chamber Golf tournament
937.498.2381 • www.ferguson-construction.com
Building our Region
for over 90 Years
industrial
institutional
healthcare
commercial
special projects
Information Submitted
FINDLAY - The Findlay•Hancock County Chamber of Commerce has invited Bill Ruse, president and CEO of Strategy and Solutions, LLC, to be recognized as the honorary chairman at this year’s Chamber Golf Tournament on September 8, at the Findlay Country Club. Ruse was selected for his commitment and dedication not only lo-cally but abroad most notably from his work at the Blanchard Valley Health System, for-mer Chairman of the Chamber of Commerce in 2000 and 1993, and his leadership through the Findlay Rotary Club.
Bill retired from Blanchard Valley in 2001 after serving as its President and CEO for 36 years. In recognition of his years of leadership, Blanchard Valley named its new 65,000 square foot building on its Findlay hospital campus the “William E. Ruse Cen-ter”. A Rotarian since 1983 and a member of the Findlay Rotary Club, Bill has served as the Club’s President and chaired the Past President’s Committee. In addition, he’s served as an Assistant Governor of Rotary International, and became the Governor of Rotary’s District 6600, overseeing 67 clubs, for the 2003/2004 Rotary year. He has been active in many national, state and commu-nity organizations including the Findlay Hancock County Chamber of Commerce, United Way of Hancock County, Salvation Army of Findlay, Red Cross of Hancock County, Hancock County Safety Council, Findlay Development LLC, and The Uni-
versity of Findlay.“Bill always has been and continues to be
actively involved in the local business com-munity not to mention his global humanitar-ian outreach through Rotary”, said Dionne Neubauer, Director, Findlay•Hancock Coun-ty Chamber of Commerce. “As a visionary and great leader, it is with great pleasure that we honor him at the Chamber Tournament.”
A division of the Findlay-Hancock County Alliance, the proceeds from the golf tournament will go toward the overall mis-sion of the organization to drive growth and prosperity in the Findlay/Hancock County region by providing resources to local small-to-large businesses, and improve economic opportunities for all. Registration deadline is August 29. For more information on the outing, contact the Chamber of Commerce at 419-422-3313, or visit FindlayHancock-Chamber.com.
(The Findlay•Hancock County Alliance is a partnership bringing growth and pros-perity to the Findlay/Hancock County com-munity. Through a strong economic develop-ment focus, leadership programs, business building initiatives and volunteer opportuni-ties, the Alliance helps position its communi-ty among the best micropolitan communities in the United States. The Alliance is a blend of the area’s best resources including the Findlay•Hancock County Chamber of Com-merce, Findlay-Hancock County Economic Development and the Hancock County Con-vention & Visitors Bureau.)
NEW MARKETING OPPORTUNITIESDESIGNED TO GROW YOUR BUSINESS!
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September 2014 TheBusinessJournal 7
By the NumbersMost and Least Recession-recovered Cities
Information Submitted by WalletHub.com
Since 2008, 13 municipalities have filed for bankruptcy. With Detroit’s bankruptcy trial approaching, and many other cities still struggling to recover from the Great Reces-sion, the leading personal finance social network WalletHub crunched the numbers to identify 2014’s Most & Least Recession-Recovered Cities.
To evaluate the progress of local cities in propelling their economic growth, Walle-tHub compared the 150 largest U.S. cities to identify those that have experienced the most and least improvement since the reces-sion. Using 18 key metrics — from the inflow of college-educated workers and number of new businesses to unemployment rates and home price appreciation — we examined how each city has evolved economically in the past several years. By doing so, Walle-
tHub can help consumers assess how their present financial situations might be affected by the economic health of their cities.
Key Stats:- Mobile, Ala., experienced the largest in-
crease in its unemployment rate, at 4%. To-ledo, Ohio experienced the largest decrease, at 1%.
- Cape Coral, Fla., experienced the larg-est increase in its poverty rate, at 8%. El Paso, Texas, experienced the largest de-crease, at 5%.
- New Orleans registered the highest home price appreciation, at 64%. Detroit reg-istered the highest home price depreciation, with a loss of 65%.
- Raleigh, N. C. experienced the highest population growth rate, at 21%. Detroit expe-rienced the highest decline, at 16%.
- Orlando, Fla., experienced the largest decrease in its violent crime rate, at 1%. Springfield, Mo., experienced the largest in-
Lowest Home PriceAppreciation113. Newark, New Jersey114. North LasVegas, Nevada115. San Bernardino, California116. Stockton, California117. Detroit, Michigan
Smallest Decrease in the Ratioof Part-Time to Full-Time Jobs
146. Huntsville, Alabama147. Hialeah, Florida148. Tallahassee, Florida149. San Bernardino, California150. Newark, New Jersey
Smallest Decrease inUnemployment Rate
146. Reno, NevadaT-147. Las Vegas, NevadaT-147. Henderson, NevadaT-147. Las Vegas, Nevada150. Mobile, Alabama
Smallest Decrease in Violent Crime Rate
137. Yonkers, New York138. Sioux Falls, South Dakota139. Newark, New Jersey140. Aurora, Illinois141. Springfield, Missouri
Highest Home PriceAppreciation1. New Orleans, Louisiana2. Louisville, Kentucky3. Birmingham, Alabama4. Washington, District of Columbia5. Boston, Massachusetts
Largest Decrease inPoverty Rate
1. El Paso, Texas2. Brownsville, Texas3. Shreveport, Louisiana4. Baton Route, Louisiana5. Corpus Christi, Texas
Largest Decrease in the Ratioof Part-Time to Full-Time Jobs
1. Fayetteville, North Carolina2. Port St. Lucie, Florida3. Knoxville, Tennessee4. Ontario, California5. Irving, Texas
Largest Decrease inUnemployment Rate
1. Toledo, Ohio2. Grand Rapids, MichiganT-3. Cleveland, OhioT-3. Akron, OhioT-5. Minneapolis, MinnesotaT-5. St. Paul, Minnesota
Largest Decrease in Violent Crime Rate
1. Orlando, Florida2. St. Petersburg, Florida3. Miami, Florida4. Minneapolis, Minnesota5. Las Vegas, Nevada
% change last month: 4.7% 7.5% % change last year: 0.1% 2.5% 1.2%
Year-end 2012 112,449 $135,042 2013 129,108 $142,004 2014 p 121,320 na
Average Sale Price Not Seasonally Adjusted
8 TheBusinessJournal September 2014
By the NumbersJob Openings and Labor Turnover
Information Submitted by the Bureau of Labor Statistics
The U.S. Bureau of Labor Statistics reported in August that 209,000 jobs were added to the economy in July and although the unemployment rate ticked up slightly to 6.2 percent, it does mark the sixth straight month of 200,000+ gains, the longest such streak since 1997. With job prospects on the rise, the report also showed that 329,000 people re-entered the job market last month, the 6th increase in the last 7 months.
But it’s not just the unemployed who are look-ing for jobs so companies must be prepared for a star employee unexpectedly quitting. Recent re-search suggests the possibility of this happening is rising: The number of workers who voluntarily quit jobs is at its highest level in six years, accord-ing to the latest Job Openings and Labor Turnover Survey from the U.S. Bureau of Labor Statistics.
Secretary of State Husted Releases New Business Filing Figures for July 2014One out of every three new companies in Ohio now started online, up from one in five
Information Submitted by Ohio Secretary of State Office
COLUMBUS – Secretary of State Jon Husted today announced that 6,922 new entities filed to do business in Ohio in July 2014. These numbers are down compared to July 2013, in which 7,311 new entities filed with the Secretary of State. The Secretary of State’s office has as-sisted with 56,176 new business filings to date in 2014 (January-July). This is an increase from the same time period last year, in which there were 55,229 new business filings.
During the previous two years, 2012 and 2013, the state saw a record-setting number of new businesses file with 88,068 and 89,735 new companies filing to do business in Ohio respectively. Growth in online business filings has been steady and available online services continue to be expanded. Since the program’s launch in October 2013, more than 20,500 filings have been submitted and one in three new companies are now started online in Ohio.
(New business filings are classified as forms filed with the Ohio Secretary of State that declare the formation of a business entity, including for-profit, non-profit and pro-fessional corporations, limited liability companies, part-nerships, limited partnerships and limited liability part-nerships. Filing as a business in Ohio does not guarantee the company will begin operations, be profitable or create jobs.)
JulyJuneApr. MayMar.Feb.Jan. Aug. Sept. Oct. Nov. Dec.
September 2014 TheBusinessJournal 9
3 proven management techniques that work in any businessIdentify the ‘influencers’ on your front lines, CEO advises
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In business, the only thing that mat-ters is what works, says Peder Johnsen, a third-generation specialist in senior liv-ing communities.
“The people in your company who are dealing with your customers – the clerks, the caregivers, the customer service reps – are where the rubber meets the road,” says Johnsen, CEO of Concordis Senior Living, www.concordisseniorliving.com, which owns, operates and develops senior housing communities.
“That’s why it’s essential for the com-pany leaders, the men and women in the offices that are often far from the front lines, to be where the action is on a regu-lar basis,” he says.
Concordis’ specialties include man-aging senior-living communities for oth-er owners and developers, an art it has perfected, Johnsen says.
“We developed certain practices over the decades, first by building as-sisted-living communities and then by operating them,” he says. “These prac-
tices work in any business because they keep the leadership actively involved in what’s going well – and not – on the front lines, and provides a system for regular communication through all layers of the company.”
Johnsen offers these tips for manage-ment that produces excellent results:
• Identify the influencers in each work group. As with most business-es, senior living communities require teams of staff, from administrators to housekeepers and everyone in be-tween. Within the various groups that make up your business, identify the key players – the people who influence oth-ers’ behavior, whether or not they hold a title or official authority. Meet with them on a regular basis so you can stay plugged in to what’s happening on the front lines.
• Identify areas that need improve-ment. Talk to them about systems and areas that need to be fixed, overhauled or eliminated, and about how team mem-bers are working together. They’ll often have ideas for innovations. The idea is
not to look for people or problems to blame, but to work together to develop solutions and improve the team’s overall efforts.
“The information you get in speak-ing with these key players is invaluable,” Johnsen says. “There may be nothing at all wrong, which is great, but these meet-ings give you, the CEO or manager, the information you need to constantly im-prove. It also reinforces the message to employees that they and their ideas are valued members of the team.”
• Figure out those “wildly important goals.” You can have the best people in the field working for you, yet if they’re not specifically guided to a certain goal, they are putting their time and effort to-ward an end that they’re assuming is cor-rect. CEOs and other upper-level man-agers have the 30,000-foot view, so it’s up to them to guide everyone beneath them.
“Short-term priorities may change slightly or drastically on a regular ba-sis,” Johnsen says. “Your team may be self-sufficient, but their vision is limited
to their daily duties. If they don’t know that a goal or objective has changed, they can’t work toward it.”
(Peder Johnsen is the CEO of Con-cordis Senior Living, www.concordis-seniorliving.com, which owns, operates and develops senior housing communi-ties. He’s a third-generation assisted-living specialist whose grandfather and father built one of the first contempo-rary-style ALFs in Florida more than 30 years ago. Johnsen took over admin-istration of two small facilities at age 18. Today, he runs the full spectrum of ALFs – from “ALF lites,” where most residents live very independent lifestyles but know assisted-living services are available if they should need them, to homes specializing in care for residents with Alzheimer’s and dementia. He is an industry leader in staff development and training, and has overseen the develop-ment, acquisition and financing of sev-eral communities.)
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ment services are becoming acces-sible primarily (or solely) online. Ohio ranked 23rd on its e-Govern-ment offerings (2008 Brookings Institute report), suggesting that the state has room for improvement in its online offerings.
Additional key findings from this report include:
· Over one-half of adult Ohio Internet users who have attended or graduated college (54%) say they go online to access e-Government applications, compared to only 34% of those with no college education.
· Over one-half who report an-nual household incomes of $50,000 or more say they access e-Govern-ment services, which is higher than all other state income groups.
· Younger Internet users in Ohio (50% of 18-34 year olds) are more likely than their older peers (46% of ages 35 or older) to go online to search for information, apply for services, or fill out forms.
· Across the state, more than 1.2 million households still do not subscribe to home broadband ser-
vice, one in eight cite lack of digi-tal skills as leading barrier to home broadband subscription.
Connect Ohio revealed its latest research paper during the state Tech-nology Association Meeting on July 25 in Columbus. The meeting focused on discussions around e-Government services from industry professionals from OhioMeansJobs, Ohio Business Gateway, and Ohio Benefits. (View the meeting presentation here)
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10 TheBusinessJournal September 2014
I’m all Apple all the time. Since 1984. So far, Apple and Steve Jobs have
changed the way computers run, revolution-ized the mobile phone, and revolutionized the way music is distributed to a point that all retailers, distributors, manufacturers, pro-ducers, music groups, and recording artists are totally dependent on Apple for a sizeable share of their revenue.
The iPod, and all versions of their music
players, phones, laptops, and anything that plays music uses iTunes as a playing medi-um AND a purchasing medium. WOW.
Oh, there are still DVDs and other forms of distribution, but Apple rules. And Apple makes the rules. They have completely changed the game and the process. The world, accepted it, bought it by the billions, and LOVES it.
Their iPod competition has utterly failed.
Got Zune? Not only was it a billion dollar failure, it was a joke. The iPhone started another revolution. And that’s a story for another day.
Today is iPad day. Or should I say “book replacement” day. The iPad is so revolutionary that no one even saw it com-ing. They didn’t know what to do with it – or could have predicted the changes it would inspire.
Capitalizing on the grow-ing demand for e-books, the exploding app market, e-reader popularity, and the global appe-tite for cool products, Apple went to market having no idea what an explosion of creativ-ity they were unleashing.
Remember this ditty? No more home-work, no more books, no more teacher’s dirty looks!
Well, some of it is about to come true. The homework will still be there, the teach-ers will still be there, their dirty looks will (unfortunately) still be there, but the books are fading fast.
Remember your first day of school ev-ery year? “Issuing books” was a major part of the day. Signing for them, writing your
name and grade in them, putting them in your book bag, and then dragging them back and forth to class, to home, and back to school all year. (Not to mention losing them and dropping them in a puddle of water.)
Well, those days aren’t com-pletely over yet, but the iPad is beginning to idle printing presses globally. And soon, like the Yellow Pages, newspapers, and magazines, the majority of printed media will only be avail-able online as a download or
from some ASP. REALITY: Everyone on the
planet is looking for ways to improve edu-cation. The iPad will lead the revolution. It will provide 21st century learning and make it FUN (and might even eliminate some of the teacher’s dirty looks).
What kid wants eight textbooks when they could have an iPad? NOBODY ONTHE PLANET. Less money, no hassle,completely searchable, underline-able, note-take-able, and FUN.
Our three-year old daughter Gabrielle dominates one of our iPads. She
Jeffrey Gitomer
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September 2014 TheBusinessJournal 11
5 essential building blocks for a thriving work culture
It’s all premised on having the right players, says ‘Coolest Young Entrepreneur’
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What makes a successful business thrive? That’s what eight out of 10 new entrepreneurs would like to know, because their businesses fail within the first 18 months, according to Bloomberg.
Adam Witty has managed to turn plenty of heads in the business community as founder and CEO of Advantage Media Group, (http://advantagefamily.com/), an international pub-lisher of business, self-improvement, and professional development books and online learning.
Witty, who was selected for INC Maga-zine’s 30 Under 30 list of “America’s coolest young entrepreneurs” in 2011, says creating the right environment is crucial for success. The magazine also featured his company in their top 500|5000 list of the Fastest Growing Private Companies in America for 2012 and 2013, when the company ranked No. 42 in Media and No. 36 for Top 100 South Carolina Companies.
“You don’t have to be a business guru to recognize when a business is firing on all cyl-inders, that everyone is putting their skills to maximum use, working together, and actually having a good time. How to create that chem-istry – that’s the question,” says Witty, the au-thor of five books and an in-demand speaker and consultant on marketing, business devel-opment, media and publishing, and entrepre-neurship topics.
“Of course, you need folks with the right qualifications who are willing to bring their A-game every day – that’s crucial. But there are also character traits to look for: a posi-tive, can-do attitude, for instance. If a person doesn’t fit in the mix, not only will he or she be less likely to bring their best, they can also compromise everyone else’s game.”
Witty talks about what it takes to get that hum every CEO wants, both in the office and in one’s respective industry.
• Staff your team with A-players; they’re worth the wait. An A-player is someone who brings all of the necessary qualifications to the table – perhaps more than you were expecting – and that something extra as a human being. Of course, that isn’t always readily apparent during a 45-minute interview; it can take time to see the true colors of a talented individual to come through. This speaks to the importance of having an intuitive hiring manager, “which may be a small business’s CEO,” Witty adds. Also, it’s important to have A-players who put the team first, who have helped Advantage Media Group earn a spot on the Best Places to Work in South Carolina list for 2013 and 2014.
Egomaniacs who cannot collaborate can to grind productivity to a screeching halt.
• The importance of having fun … “Hav-ing fun not only helps your team do well, it’s a sign that you’re doing things right,” Witty says. “Where fun and work meet is the un-derstanding from employees that they’re making a difference. You want a team of individuals who are motivated by the ‘why’ of what they do.” Fun at work means having energy and enthusiasm while tending to the tasks at hand.
• Make employees, and clients, your extended family. A family environment sig-nificantly facilitates a team mentality, espe-cially for those quiet geniuses who like to keep to themselves because they’re shy. But
why stop there? Extend the love to clients, suppliers and other crucial components of the business. Without these folks, your busi-ness couldn’t survive.
• Direction: understanding the “why;” encourage difference makers. “Our team members are driven by the ‘why’ of what we do,” Witty says. “The right content in the right person’s hands at the right time can change the world forever. We believe in sharing stories, passion and knowledge to guide and help others learn and grow.”
• Commit to lifelong learning. Seek to uncover and promote the leader in every one on your team by encouraging all members to follow a path of personal and professional development. With increased knowledge,
experiences and skills, people lead to a more fulfilled life, which can profit every-one within a working environment.
(Adam Witty is the founder and CEO of Advantage Media Group, (http://advan-tagefamily.com/), an international pub-lisher of business, self-improvement and professional development books and online learning. He has worked with hundreds of entrepreneurs, business leaders and profes-sionals to help them write, publish, market and monetize books to grow their business. Witty has been featured on ABC and Fox, and was selected for INC Magazine’s 30 Under 30 list of “America’s coolest young entrepreneurs” in 2011.)
12 TheBusinessJournal September 2014
Secretary Husted announces August Ohio Business ProfilesCompanies featured remind Ohioans about the importance of giving back
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COLUMBUS – Ohio Secretary of State Jon Husted today announced that August’s Ohio Business Profile features seven non-profit organizations who work tirelessly to help make our state a better place to live. Whether they help feed the hungry, assist those in need, or fight to protect our state’s most fragile resources, they give us causes to champion and provide outlets for all Ohioans to help give back.
“These nonprofits are making a differ-ence in local communities around the state by providing goods and services that peo-
ple need, as well as by supporting jobs and helping to strengthen the state’s economy,” Secretary Husted said.
According to the most recent report available from the Ohio Association of Nonprofit Organizations, Ohio’s nonprof-its employed almost 500,000 paid work-ers. That is equivalent to one out of every 10 workers in Ohio, earning nearly $18.8 billion in wages. Companies profiled this month include:
· Freestore Foodbank – Cincinnati - The largest emergency food and service provider to children and families in the tri-state. The organization distributes more than 18.5 mil-
lion meals annually to more than 300,000 low-income individuals and families. · SHC/The Arc of Medina County – Medina - Partners with individuals with disabilities and their families to provide services to as-sist them with living.
· Black Swamp Conservancy – Perrys-burg - Dedicated to preserving family farms and natural habitats. To date, they have pro-tected more than 13,300 acres of land across 13 northwest Ohio counties.
· Keep Ohio Beautiful, Inc. – Fairlawn - Believes that everyone deserves to live in an environment that is healthy, safe, clean and beautiful. They are a state affiliate of Keep America Beautiful and serve as Ohio’s umbrella organization for 33 local affiliate
organizations.· Elizabeth’s New Life Center – Dayton -
Specialize in positive solutions and support for unexpected pregnancies, including free pregnancy tests, ultrasound scans, consult-ing on pregnancy decisions, parenting edu-cation, and material assistance.
· Food for Thought – Toledo - Provides over 350 lunches each week in the Toledo area and also provides a “Mobile Pantry” that serves more than 1,400 each month.
· The Arc of Ohio – Columbus - Works to create a world where children and adults with developmental and intellectual dis-abilities can enjoy equal rights and oppor-tunities.
reads, plays, watches, listens, chooses, and swipes to her heart’s content. And any time I tell her, “That’s not on this iPad,” she in-stantly says, “Download it, Papa.”
So far, this is a nice story. Many of you already know it, and are reading this on some Apple device. That’s great for Apple. They deserve it.
BUT WHAT ABOUT YOU? What ma-jor change or shift is about to come into your world? Your business? Your life? And are you ready for it?
What’s about to change about the way you sell? Serve? Communicate? Respond? Take products to market? Develop new products? Do business? Get customers? Keep custom-
ers? Manufacture? Deliver? Account for? Get paid for? Make profit?
Or are you too busy focused on yesterday, today, competition, pricing, bidding, eking out a profit?
THINK ABOUT THIS: What’s going to happen to car salespeople when all the auto manufacturers put the “buy now” button on their websites? They will go the same way that mediocre stockbrokers went when online trading was introduced. Gone.
Amazon killed Borders. And Amazon is killing a lot of other businesses – businesses which were NOT READY for the changes that are swooping down on the sales, promo-tion, social media, advertising, and business world at G-4 speed.
The businesses that have lost it were and are the businesses that were and are not ready to compete. And most of them, like newspapers and other print publications, took too long to recognize and change their strategies. Google ads and ad words swooped in and cleaned their clock, their customers, and their cash re-serves.
Not many are ready for the evolution.
I talked about the Apple sto-ry because they saw what was next and led the way. They inno-vated, took risks, made it easy to do business, and created prod-ucts that consumers wanted.
And on a smaller scale, in your market, to your customers, you must do the same.
Are you looking at EVERY element of how you’re doing business? Can you see what’s new and what’s next? Are you willing to take the step for-ward? Or will you try to hang on to what has worked for the past twenty years, and not see let alone seize the opportunity.
Got iPad?
(Continued from Page 10)Gitomer
4 smart investments beyond the Stock MarketInformation Submitted
As major stock market indexes continue to climb, so too are concerns on the “fear market” – VIX, the CBOE S&P 500 Op-tions Volatility Index, says entrepreneur Dean Anastos.
“Advances in the market have been relatively thin in volume, and the declines have been heavier; in general, there seems to be too much complacency among inves-tors, and there are hints here and there that the market is not as bullish as many have supposed,” says Anastos, who spe-cializes in real estate, computer program-ming and trading data communications equipment.
“Now may be a really good time to look elsewhere for smart investments,” says his business partner Ricky Brava.
Anastos and Brava review some of those options.
• Real estate is still growing. No area was hit harder by the recession than real estate. Since then, however, the getting has been good for prospective buyers look-ing for a profit, yet many remain gun shy due to the hard lessons of 2008-09. Meanwhile, the housing recovery con-tinues as prices are getting back to where they once were. In many markets, buying is still cheaper than renting, “although this is not true everywhere,” Anastos says. “Ulti-mately, it depends on the area, the loan and how long you may be looking to live on the property – or, if you want to rent a property out, which continues to be very lucrative today.”
• Banks have plenty of distressed debt; consider a deal. (www.apollofinancialgrp.com). “We buy distressed debt bank portfo-lios that aren’t generating cash for the bank and work with the families in the homes to refinance at affordable rates,” says Brava,
senior partner at Apollo Financial Group, founded by Anastos, who adds, “If we can’t work it out with the owner, the property gets a second chance, rather than sitting vacant, when we sell the loans as non-performing first or second lien bank notes.”
Conduct a title search of the property to reveal any liens. Check with the county to ascertain what, if any, outstanding property taxes are due. Contact a local real estate agent to get an estimation on the property and its as-is resale value.
• Keep in mind tax-advantaged invest-ments. Tax-advantaged investments can include real estate partnerships, oil and gas partnerships and suitability, which refers to how appropriate an investment may or may not be to an investor. Two of the most common types of real estate partnerships, for example, are low-income housing and historic rehabilitation. The federal govern-ment grants tax credits to those who con-struct or rehabilitate low-income housing or who invest in the rehabilitation or pres-ervation of historic structures.
• Pay attention to possible changes to Roth IRAs – a good option, so far. This is still a good investment option for retire-ment, even though significant changes have been proposed by the White House. Your allotted money goes into a Roth after it’s been taxed, but earnings aren’t taxed. Unlike traditional IRAs and 401(k)s, Roth owners currently don’t have to take an-nual distributions after turning 70½ — which means the money has even more years to grow if the owner doesn’t need it. Once the owner dies, the ben-eficiary inherits the money tax-free. Presi-dent Obama says this isn’t what was intended in a Roth and wants to change this advantage, yet his proposal continues to face opposition and many think it won’t pass.
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