Griffith acquired for $125M The RPO`s difficult score
Transcription
Griffith acquired for $125M The RPO`s difficult score
Profile Deborah Hughes leads the museum dedicated to preserving Susan B. Anthony’s legacy. Page 10 News For executives, loss of a job can open the door to new opportunities and challenges. Page 23 Mark Taubman M.D. plans an active tenure as dean of the UR medical school. Page 4 WWW.RBJDAILY.COM QED founder to resign from firm JANUARY 22, 2010 The RPO’s difficult score Photo courtesy of Eastman School of Music VOLUME 25, NUMBER 44 Special Report Optics firm has grown to 150 workers with Golini at the helm Griffith acquired for $125M Energy firm bought by Canadian company By ANDREA DECKERT By THOMAS ADAMS Donald Golini, the founder of homegrown QED Technologies International Inc., plans to resign as company president and is looking for a new professional challenge. Golini start- QED Technologies ed the company was sold in 2006 in 1996. Under for $21.8 million. his leadership, it grew from five employees to 50, with 13 patents and an installed base of more than 150 machines worldwide. The company was acquired in 2006 by Cabot Microelectronics Corp. for $21.8 million. Golini told the Rochester Business Journal this week that the decision to resign was solely his and he will leave on good terms with Cabot. Griffith Holdings Inc., parent of Griffi th Energy Inc. in Rochester, was acquired Wednesday for $125 million by Superior Plus Corp., Canada’s largest propane distributor. Griffith Energy is a seller of heating oil, propane and power fuels to 97,000 retail Philip Saunders customers and 400 is one of two wholesale customers shareholders throughout Upstate who held a New York. It emmajority stake. ploys 500 people. The move could position Rochester as headquarters for Superior Plus operations in the northeastern U.S., which include three units with 1,355 employees and nearly 1,000 vehicles serving 244,400 customers. “We’re very pleased with this recent By NATE DOUGHERTY T he Rochester Philharmonic Orchestra Inc. had big plans for how the last fiscal year would play out, with enthusiasm from the opening of the renovated Kodak Hall at the Eastman Theatre supporting a strategic plan and creating the economic boost needed to fund the goals. Then the economy happened. Continued on page 18 Continued on page 13 Continued on page 12 By ANDREA DECKERT Continued on page 16 Continued on page 14 Read tomorrow’s headlines today. SSign up at www.rbj.net/dailyreport.asp 6 File photo by Kimberly McKinzie Mullen: “We have a (broader) go-to-market strategy.” 74470 77330 Economic development reforms proposed by Gov. David Paterson would widen the window of opportunity for targeted businesses in New York, state officials said this week. Paterson wants to replace the state’s Empire Zone program, set to expire June 30, with the Excelsior Jobs Program. The new program would come with stricter accountability standards to require businesses to make good on commitments for job creation and economic development before receiving tax credits, officials said. Excelsior would complement other New $1.75 York incentive programs, said Dennis Mullen, the Rochester-based chairmanand CEO-designate of the Empire State Rochester Midland Corp. is moving its operations out of the city as part of a project costing roughly $13 million. The company has bought a 167,000square-foot facility in Ogden from Cass Hill Development Corp. The site is the former Eber Bros. Wine & Liquor Corp. warehouse and distribution facility. In turn, Cass Hill is purchasing Rochester Midland’s two facilities on Hollenbeck Street. Michael Coyner, Rochester Midland president and chief operating officer, said the move will allow his firm to maintain its existing local work force of some 160 By THOMAS ADAMS WEEKLY Continued on page 14 Governor aims to replace Empire Zones with new program Chemical company buys facility, plans $13 million project 0 Thirty Web sites are finalists in the Rochester Business Journal’s 13th Best of the Web competition. The newspaper launched the competition in 1996 to spotlight the leading efforts among area businesses in what was then an emerging phenomenon, the World Wide Web. Readers submitted hundreds of nominations for the 2010 competition. This year’s finalists include large companies, small firms and non-profit organizations. As in the past, the screening committee also looked at dozens more Mullen outlines new efforts 04> Finalists selected for top honors as Best of the Web RBJDAILY This is a recap of news reported first on the Rochester Business Journal’s Web site. To receive the Daily Report e-mail, go to www.rbj.net/dailyreport.asp. RACF exec named 2010 Athena recipient Jennifer Leonard of the Rochester Area Community Foundation has been named the 2010 Athena Award recipient. Leonard, president and executive director of the Community Foundation, was honored Thursday at a luncheon at the Rochester Riverside Convention Center. Introduced to Rochester in 1987 by the Women’s Council, an affiliate organization of the Rochester Business Alliance, the Athena Award recognizes women who strive toward the highest levels of personal and professional accomplishment. PAGE 2 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL the opening night, June 11, and Hancock is on the schedule for 8 p.m. June 15. Both concerts will be in Kodak Hall at the Eastman Theatre. Knight is best known for her work in the soul/R&B genre, including “Midnight Train to Georgia” and “Neither One of Us (Wants to Be the First to Say Goodbye).” Hancock delved into electronic jazz-funk after leaving work with jazz legend Miles Davis in 1968. Home sales jump in fourth quarter Home sales soared 22.9 percent in the fourth quarter, compared with a year ago, the Greater Rochester Association of Realtors Inc. reported Friday. A total of 3,081 homes were sold in the 11-county region, compared with 2,507 in the fourth quarter of 2008. On a consecutive basis, fourth-quarter sales fell 15.1 percent from the third quarter, when sales reached 3,628. In the fourth quarter, the median sale price was $113,500, down 1.3 percent from the year before. Officials noted that the dip likely was due to the influx of first-time homebuyers looking to take advantage of the $8,000 extended tax credit. During the last quarter, the tax credit, initially scheduled to expire on Nov. 30, was extended to April 30, by which date firsttime homebuyers must have a written purchase contract to qualify. They also are required to close on the purchase by July 1. UR grows jobs despite economy, Seligman says Kodak hits Apple, RIM with patent claim As economic conditions have eased constraints on the University of Rochester, it has been able to increase jobs and has plans to end a wage freeze, President Joel Seligman told the Faculty Senate in an address this week. Seligman announced that barring unforeseen developments, the university will end the salary freeze for employees earning more than $40,000 per year, effective June 30. He also noted that salary increases will be smaller than in past years, but he said he did not expect changes in benefits aside from annual health care premium increases. UR added 155 jobs in the past year, most of them at the Ambulatory Surgery Center, which opened in July. The university’s full-time equivalent employment reached 19,569 on Dec. 31. RBTL focuses on three sites The Rochester Broadway Theatre League is focusing on sites in Irondequoit, Brighton and downtown Rochester in a search for the new location of a performing arts center, the organization announced Tuesday. The proposals being considered are Clinton Crossings in Brighton, the former Medley Centre—now Lake Ridge Centre—in Irondequoit and a portion of Midtown Plaza. Christa Development Corp. has been completing plans for a theater at the Midtown site since Mayor Robert Duffy made a presentation to the site selection committee Nov. 30 that did not include details. Knight, Hancock to headline jazz fest The Xerox Rochester International Jazz Festival will feature rhythm and blues legend Gladys Knight and acclaimed jazz artist Herbie Hancock, festival organizers announced Monday. Knight is slated to perform on Q4: James Trezise, Q: The grape, grape juice and wine industries contributed more than $3.7 billion to New York’s economy in 2008, a study by Stonebridge Research Group LLC states. Does that amount surprise you? A: It both didn’t and did surprise me. We commissioned a similar study using 2004 data, which appeared in 2005, totaling $3.4 billion, so I knew the new number would be up but the amount was still a surprise. I wouldn’t say that wine and the wine industry are “recessionproof,” but the continued growth during bad economic times is an inspiration. Q: How did the state industry fare in 2009; which areas fared the best? A: I have only anecdotal information for Eastman Kodak Co. said last Thursday that it has filed lawsuits against Apple Inc. and Research In Motion Ltd. over alleged infringement of Kodak’s digital imaging technology. Kodak fi led a complaint with the U.S. International Trade Commission, claiming that Apple’s iPhones and RIM’s cameraenabled BlackBerry devices infringe a Kodak patent that covers technology related to a method for previewing images. Kodak also filed two lawsuits last Thursday against Apple in U.S. District Court for the Western District of New York that claim the infringement of patents related to digital cameras and certain computer processes. “In the case of Apple and RIM, we’ve had discussions for years with both companies in an attempt to resolve this issue amicably, and we have not been able to reach a satisfactory agreement,” said Laura Quatela, chief intellectual property officer, in a statement. “In light of that, we are taking this action to ensure that we protect the interests of our shareholders and the existing licensees of our technology.” FROM THE ONLINE ARCHIVE Seven years ago Krispy Kreme Doughnuts Inc. announced plans to pay some $40.4 million to buy Rochester-based Montana Mills Bread Co. Inc. The North Carolina-based Krispy Kreme said it would issue some 1.2 million shares of its stock to buy the 30-store chain. The purchase price was $5.11 a share; Montana Mills (NYSE: MMX) closed at $4.95. Under the agreement, Montana Mills founders Eugene and Susan O’Donovan would become president of Montana Mills, a division of Krispy Kreme, and principal baker, respectively. Montana Mills opened its first store in 1996. The bread company conducted an initial public offering in 2002 to raise funds to expand the chain. The stock went public at $5 a share. president, New York Wine & Grape Foundation 2009 because we do these major studies only once every five years or so, and we don’t have a mechanism to track categories like sales, which are proprietary to the wineries. However, based on conversations and other communications, it seems that both tourism and sales at tasting rooms were up, and the regions with the strongest growth were probably the Thousand Islands and the Niagara region. Q: How does 2010 look in terms of growth, and does the Finger Lakes wine region fit into that growth? A: Ask me a year from now! Based on the anecdotal evidence from 2009, combined with the possibility of an economic recovery, I’m optimistic about 2010. Q: Is growth in the industry sustainable over A: the long term, and what can the statewide industry do to ensure such growth? Yes it is, if the state of New York continues its partnership through the New York Wine & Grape Foundation for research and promotion and provides a more industry-friendly regulatory environment in terms of things like the time required to get a license, various reporting requirements and excise taxes. The business climate is just as important as the outside climate, and Albany largely controls that. —Andrea Deckert THELOOP No pains, no gains The rough-and-tumble environment in Washington is known to create breaks and bruises—usually involving friendships, coalitions and egos. But Politico.com reports a wave, or at least a ripple, of physical injuries, including one to the dean of the area’s congressional delegation. Louise Slaughter, House Rules Committee chairwoman and Perinton resident, “took a spill and hit her head opening the door to her D.C. home, giving her a noticeable bruise on her forehead,” the political news site reports. Others on the bipartisan congressional injured list—all are listed as probable for upcoming votes—include Rep. Mike Coffman, R-Colo., who was on crutches and “sporting a Stars and Stripes cast on his right leg.” While jogging with his dog across a golf course near his Colorado home, the congressman stumbled over an object buried in the snow, breaking his ankle on Christmas Day. And Rep. Raul Grijalva, an Arizona Democrat, had a large bandage across the bridge of his nose, glasses on top. He suffered a bruise after an object slid off a bookshelf, nailing him in the face, Politico.com reports. It’s tough these days in D.C. Optics muscle In the contest to decide which region is the true optics center, Rochester and Arizona—and perhaps Boston, Texas and San Francisco as well—might be accused of having a parochial vision. But the roster of firms attending the upcoming Photonics West event in Frisco—to be held Jan. 23-28—tells the true story. Photonics West is the largest conference of its kind in North America. New York Photonics executive director Tom Battley points out that more firms are attending the event from the Rochester area than from any other state or foreign country. By Battley’s count, attendees include at least 72 companies from New York and 43 from Rochester and the New York Photonics/Rochester Regional Photonics Cluster. “New York State companies try to co-locate in a New York pavilion, so we have taken nearly an entire aisle,” Battley notes. “The only entities that come close to that sort of presence are other countries, and they have their pavilions entirely funded by their governments. So in effect New York Photonics is competing with other countries.” New York Photonics and the Rochester Regional Photonics Cluster are non-profit organizations founded to promote and enhance the state’s photonics, optics and imaging industry. Send tips, rumors, inside information or strange tales for the Loop to Managing Editor Mike Dickinson at [email protected]. JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM Pay only for what you need with a provider who will help support your business. You may own a small business, but you still have big expectations. At Time Warner Cable Business Class, we will work with you to find the right mix of Internet, Phone and Cable TV solutions to help you reach your goals. Call today and get the communications to help your business and your budget. Our local, dedicated representatives will help deliver the right mix of communication solutions. Save up to 40% on each service! 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All rights reserved. id_100419 PAGE 3 PAGE 4 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM JANUARY 22, 2010 Taubman to takes deanship as Berk returns New leader sees need for students to go into primary-care field By WILL ASTOR Named dean of the University of Rochester School of Medicine and Dentistry this week, Mark Taubman M.D. plans an active tenure that would see the school intensify its focus on turning out primarycare doctors while continuing to build on its research gains. UR president Joel Seligman announced Taubman’s appointment to the deanship at the event organized to announce the return of CEO Bradford Berk M.D. to the University of Rochester Medical Center after being sidelined for seven and a half months with a severe spinal injury. The news that Taubman would be named dean, a post that became vacant only days before the accident that temporarily took Berk out of the picture, drew cheers almost equal to those that greeted Berk, who at one point drew a prolonged standing ovation. Taubman’s tenure as dean is to start March 1, the day Berk officially returns. Though Taubman, acting CEO in Berk’s absence, has shown himself to be adept at not stealing his boss’s thunder, his tenure as CEO was not confined to mere caretaking. On his watch, the university forged a new expansion plan designed to add badly needed hospital beds in the face of economic realities that cast doubt on a previous plan’s immediate workability. His tenure as dean promises to be an active one. Taubman plans to lay out his priorities fully when he is installed as dean, on a date not yet set but likely to be near March 1, he said. Broadly, some would involve stepping up current initiatives while others could involve changes. Going into the dean’s job, he said, “I probably know 75 to 80 percent of what I want to do.” Berk, who spoke to a cheering crowd of URMC staffers from the wheelchair that has become his primary means of locomotion, presented Taubman as a partner in “the team of Berk and Taubman.” The two men are longtime associates. Previously Taubman was URMC chief of medicine, which made him one of Berk’s top lieutenants. While his plans as dean could evolve to meet changing conditions, Taubman said, there are underlying factors he knows will set his course. Though he never planned on becoming dean, he said, the appointment larger slice of graduating classes than it is now. A 2008 survey of U.S. medical school graduates found that 2 percent planned to go into primary care, down from 9 percent of graduating doctors in 1990. Such statistics bode ill for health care reform, Taubman said. While reform schemes differ, he said, virtually all want to shift care away from expensive reactive treatments to preventive measures. The problem is knotty, because primary-care doctors are relatively poorly paid, Taubman conceded. “They’re graduating Photo courtesy of University of Rochester Mark Taubman M.D., left, will become medical school dean March 1 with $250,000 in debt,” he when Bradford Berk M.D., right, returns as medical center CEO. said. “They can’t afford to choose primary care.” presents opportunities to address problems The uncertainty about what health care in medicine he has been thinking about for reform might bring also complicates the two years or more. problem. Still, Taubman hinted, some Not the least of those problems—a tweaking of UR’s medical school curricmarked decline in the number of medical ulum might be in order to point more stustudents going into primary care—plays dents toward primary care. directly into Berk’s resolve to tune up the The school’s Double Helix Curriculum, medical center’s clinical face, making it so called because it is supposed to intermore focused on patients. twine clinical education and basic science, When he went into practice some 30 years was revised in 1999 to provide more emphaago, Taubman said, a minority of medical sis on prevention and community care. students chose primary care but it was still a The faculty is proud of the curriculum, Taubman said. But the school has not managed to reverse the trend away from primary care. As dean, Taubman also plans to play a big role in recruiting new researchers to URMC, a key to raising UR’s standing among U.S. academic medical centers, which regularly rank themselves according to the amount of National Institutes of Health funding they attract. URMC ranks 25th-highest in funding and 12th among private institutions. New researchers might bring grants with them. Research recruitment has not fl agged since David Guzick M.D., the former dean, left the School of Medicine and Dentistry to head the University of Florida Medical Center. URMC is courting perhaps a dozen researchers, Taubman said, and he plans to maintain that pace, if not step it up. He also hopes to smooth operations, bringing the school and its teaching hospital, Strong Memorial, more into sync, Taubman added. By nature the school is interwoven with the rest of the URMC complex, which also consists of Strong Memorial and Highland hospitals, extensive research facilities and a host of primary-care and specialty medical practices. But in the past the hospital and the school have not always moved entirely as one. “Strong and the medical school will work more closely together,” Taubman promised. “I’ve been meeting with (Strong and Highland CEO Steven) Goldstein on that, and we’re on the same page.” [email protected] / 585-546-8303 UR starts technical entrepreneurship graduate degree By ANDREA DECKERT A new graduate degree at the University of Rochester is geared toward teaching engineers to think like businesspeople in hopes that they will start small technology-focused businesses and improve the local economy. The Technical Entrepreneurship and Management program asks students to look through the archives of the roughly 400 available UR patents, find some that can be turned into profitable technologies and then develop businesses around them. It is the first graduate program of its kind in the state, said Duncan Moore, one of the program’s founders and UR’s vice provost for entrepreneurship. Four students make up the pilot class, which began this semester. The university hopes to expand it to a class of 20 students for the academic year beginning next fall. Moore said the new program would help keep university graduates in the area, as well as create new businesses and foster economic development. “The goal is to create more homegrown companies by using our students,” Moore said. “They would essentially be creating their own jobs and jobs for others.” Aside from job creation and teaching entrepreneurship, the university has a financial incentive for using some of its dormant patents, Moore said. Royalty revenue from UR patents in the last five years has totaled some $240 million, according to data from the Office of Technology Transfer. Conversely, it costs UR roughly $15,000 in lawyer fees to obtain a patent, and that is not recouped if the patent is unused. The new program, called TEAM, is designed for students who have bachelor’s degrees in technical fields. Program participants take both graduate-level engineering courses in the Hajim School of Engineering and Applied Sciences and business courses in the Simon Graduate School of Business. The program can be completed in one year by a full-time student, but part-time options are available that last two or three years, university officials said. Moore said the degree program rose from the ashes of an executive degree program the university offered in conjunction with a Texas university, as well as a similar program at Duke University that is focused more on the engineering side. [email protected] / 585-546-8303 Expert to talk on how region can benefit from innovation By NATE DOUGHERTY An expert on national innovation policy is coming to Rochester Institute of Technology to give insight on how the region can take advantage of new federal attention on promoting innovative and green technologies. Robert Atkinson, founder and president of the Information Technology and Innovation Foundation, is scheduled to speak at 4 p.m. Jan. 28 in the Carlson Auditorium at RIT. His speech is the first in a lecture series co-sponsored by RIT and Assemblyman Joseph Morelle, D-Irondequoit, to discuss trends in innovation policy. Atkinson said regions that have been successful in promoting innovation do so by focusing efforts in specific areas, such as San Diego’s emphasis on wireless technology. A cluster of companies there has pushed the technology while local universities tailored engineering programs for the field. “I think one of the things a lot of regions don’t do a very good job at is thinking about their research-based institutions, including colleges and universities and public laboratories, in a cohesive fashion,” Atkinson said. Institutions need to cooperate better and share their expertise, he said. “It could be a cancer center at one university working with the materials science department at another to come up with nano-delivered chemotherapy,” Atkinson said. “Each institute would not be doing that on its own, but bringing them together creates an opportunity for innovation. That’s what regions need to do, to share a common vision and not think like individual institutions.” The national dialogue on promoting innovation has reached a nearly unprecedented level, said Ron Hira, RIT associate professor of public policy and organizer of the series. President Barack Obama gave a speech on innovation policy and the need for promoting green energy and the jobs that come with it, he said. The president’s focus has put more attention on the idea of innovation, but conversations like the one RIT hopes to spark will be needed to fill in the details, Hira said. The series would help connect the Rochester community to national policymakers while also showing them the kind of work going on locally. Doing so could help Rochester be more competitive for grant funding and other opportunities, said Hira, who worked in Washington, D.C., and in 2007 helped Congress set up a hearing on innovation in research and development. Atkinson said lawmakers tend to fall into “inside the Beltway” thinking that keeps them from seeing smaller-scale innovation efforts. “One of the problems in Washington is a fairly high-level lack of understanding of just how important and interesting regional innovation efforts are,” Atkinson said. “A lot of people don’t understand how places like RIT are doing interesting things, and I think the RIT effort can help inform them so national policy can become a tool to help a region like Rochester do better.” Topics for the series will focus on how Continued on page 13 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM Financial 2010 Presented by This spring the Rochester Chapter of Financial Executives International and the Rochester Business Journal will present the third annual Financial Executive of the Year Award. Any financial executive who has made an outstanding contribution to his or her organization and to the Greater Rochester community is eligible to be nominated. Finalists will be featured in the May 7 edition of the Rochester Business Journal. Winners will be announced at a luncheon on May 20, 2010. Nomination forms available at go.rbj.net/events. Nominees should have excelled in both business and civic leadership. Nominations are due to the Rochester Business Journal by the close of business on Friday, March 5, 2010, and must be submitted using the form at go.rbj.net/events. Please e-mail the completed nomination form and supporting materials to [email protected] or deliver your application to Kerry McGlone, Events Coordinator, Rochester Business Journal, 45 East Ave., Suite 500, Rochester, N.Y. 14604. —Platinum Sponsors– —Gold Sponsor– —Silver Sponsors– Empire Valuation Consultants LLC Mengel Metzger Barr & Co. LLP PAGE 5 PAGE 6 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM Region’s Wired effort set to reach its end M ercy extends sincere thanks to all those who made our 7th Annual Spirit Gala a hit! We recognize Platinum Sponsor Laura & Todd Cook/CTC, Inc. We also recognize Get-it-Straight for their “Early Bird” support. Fast... Easy... Online... Archive of more than 10 years of news and exclusive features 1437 Blossom Road, Rochester, NY 14610 (585) 288-7120 • www.mercyhs.com JANUARY 22, 2010 rbjdaily.com By MARY STONE inger Lakes Wired is reaching the end of its 3.5-year initiative to increase the capabilities of the local work force for the new generation of jobs that the Rochester region is trying to grow. Launched here in mid-2006 and slated to end Jan. 31, Workforce Innovation in Regional Economic Development began as a $15 million program through the U.S. Department of Labor’s Wired initiative. The Rochester area was one of 13 original U.S. regions chosen to begin the program, which since has spread to 39 regions. Without an established template, the original areas faced special challenges in rolling out the initiative and ensuring the maximum impact. By 2010, that impact in the nine-county area surrounding Rochester meant that: ■ At least 8,400 workers from 305 companies received training. ■ At least 1,200 individuals received career readiness credentials. ■ At least 1,100 entrepreneurs and innovators trained in high-growth sectors. ■ At least 500 young people ages 16 to 21 gained skills required for high-tech industries. ■ At least 400 young people ages 16 to 18 were exposed to science, technology, engineering and mathematics careers. ■ 148 people participated in the Entrepreneurs Network. ■ 132 executives received training in strategic growth. ■ Four college courses or curricula were developed. ■ Four industry associations, representing more than 1,000 regional businesses, were supported or developed. David Zorn, executive director of the Genesee/Finger Lakes Regional Planning Council and managing director of Finger Lakes Wired, said the successes were not just in the numbers and the money that the grant was able to pull together. “You have the funded initiatives and they have their successes and accomplishments, and you can see that in the numbers,” Zorn said. “But also one of the accomplishments was the partnership—what came together as a regional collaboration around work force economic development, talent development, the realization that we all need to work hard as a region and compete as a region.” In all, Finger Lakes Wired funded 41 key initiatives to increase entrepreneurship and innovation, expand employment, advance opportunities for workers and enhance the talent of the work force through the creation of high-skill and high-wage opportunities. Those initiatives included programs and training such as the Workforce Ex- F CORRECTIONS AND AMPLIFICATIONS Because of incorrect information supplied by a source, a Jan. 15 story on Fibertech Networks LLC contained an erroneous statement of the effect that a sale of debt obligations would have on Paetec Holding Corp.’s finances. The transaction would raise Paetec’s interest payments by 345 basis points, add $10.4 million to its debt service payments and bring down its earnings by 8 cents a share. cellence Regional Center, Young Entrepreneurs Academy, Finger Lakes Wired scholarship program, Small Business Innovation Research and the Entrepreneurs Network. The Entrepreneurs Network, founded in 2006, was funded in partnership among Monroe County, the County of Monroe Industrial Development Agency and Finger Lakes Workforce Innovation in Regional Economic Development. The Entrepreneurs Network gives companies training, access to national experts and funding resources. Wired, said Monroe County Executive Maggie Brooks, was critical to its success. “Since its inception, the program has graduated over 130 people from 120 different companies. Entrepreneurship plays a critical role in creating new jobs and strengthening our regional economy,” Brooks said. The Entrepreneurs Network, she said, allowed the community to support and develop idea-generating companies and create high-quality jobs that help to retain the work force coming out of the region’s 19 colleges and universities. “Through TEN and its other initiatives, Wired has helped our economy remain competitive in a wide variety of markets and has helped lay a strong foundation for entrepreneurial and innovative success in our region’s future,” Brooks said. At community colleges, Wired was concerned with streamlining their offerings to avoid duplication of courses and to ensure that students go to the institutions where they will receive the best possible training. Community colleges were charged with identifying their areas of strength. Wired developed scholarship programs that allowed students to go where the expertise was. That was one of the major accomplishments, said Peter Robinson, vice president and chief operating officer at the University of Rochester Medical Center and chairman of the Finger Lakes Wired governing board. “We began to look at our ability to deliver these educational programs across the region rather than try to duplicate them in all of our community colleges,” Robinson said. Besides the new training and curricula developed, officials consider its strongest achievement to be the collaboration it fostered among businesses, higher education, work force development, employees, entrepreneurs and political leaders. Supported by a 15-member steering committee and led by a 50-member governing board, the Wired program brought together different industries and different counties that historically operated in isolation. “One of the major accomplishments of Wired has been a growing trust for people across the region, seeing each other as partners rather than as competitors. I think the Wired grant actually set about to achieve this sort of regional sense of identity, so I actually believe Wired did accomplish that: We are seeing ourselves much less parochially now than we’ve done before,” Robinson said. The momentum and mind-set fostered by the program are sustainable, Robinson said, though for now it is unclear who will run the next leg of the relay. Continued on next page JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM PAGE 7 Local bankruptcies rise a little, U.S. up a lot 5% increase here for 2009 is far less drastic than nationwide trend By WILL ASTOR Rochester-area bankruptcies, which rose 5 percent in 2009, had only a fraction of the more 30 percent increase nationwide. The comparatively low increase in bankruptcy filings here correlates to the region’s relatively low unemployment and home foreclosure rates, as well as to a housing market that never saw the peaks or troughs experienced by areas such as Las Vegas, Miami or Southern California, said U.S. Bankruptcy Judge John Ninfo II. However, Ninfo added, the Rochester area can count itself lucky only by comparison. “It’s not that there’s no pain,” the judge said. “We haven’t entirely escaped the recession.” Consumers and businesses filing here last year were generally saddled with higher levels of debt than fi lers in previous years, Ninfo said. And the low percentage of increase still represents a fair number of individuals forced to take refuge in bankruptcy. Attorney Douglas Lustig concurred. A partner in Chamberlain, D’Amanda, Oppenheimer & Greenfield LLP, Lustig represents consumer and business debtors as well as creditors. He is also a Chapter 7 trustee. In addition to seeing a generally higher level of debt per filer—with credit card debt representing the bulk of consumer debt—Lustig said he is seeing a higher number of business-related bankruptcy filings. Business-related cases include petitions in which petitioners file as consumers but Continued from previous page The possibilities include Greater Rochester Enterprise Inc. and the Genesee/Finger Lakes Regional Planning Council. “A third possibility is the collaboration of the community colleges, which are work force investment boards. I think any one or a combination of those would be a very appropriate setting for continuing to provide the kind of linkage and also (serve) as a repository for the key data sets that are associated with what Wired has been able to generate,” Robinson said. Through Wired, educators went to work- have registered a business name or listed themselves as shareholders of a limited liability corporation or Subchapter S corporation. Most such debtors he counsels run small businesses. Lustig said. Many had been making it before but could not keep up as the economy increasingly soured in 2008 and 2009. Figures released this month by the Bankruptcy Court clerk for the Western District of New York show that 3,492 individuals and businesses filed bankruptcies in the district’s Rochester division last year. The court’s Rochester division takes in nine counties: Monroe, Wayne, Ontario, Livingston, Seneca, Yates, Steuben, Schuyler and Chemung. The 2009 total is up from 3,317 in the previous year. The most recent figures available from the U.S. Bankruptcy Court’s administrative office in Washington, D.C., show more than 1.4 million filings nationwide in the federal fiscal year, which ended Sept. 30. That is a 34 percent jump over the previous fiscal year. The National Bankruptcy Research Center, a private California-based organization that compiles and analyzes U.S. bankruptcy data, reports that filings nationwide were up 32 percent in the 2009 calendar year. Nationwide filings by type of bankruptcy case showed a big jump in business and consumer liquidations, as opposed to debt workouts in which filers attempt to reorganize their finances to pay at least part of their debts. The same increase was not evident in this area. In Chapter 7 cases, a trustee collects any salable assets and arranges to sell them to pay off the filer’s debts. Petitioners with no salable assets still can have some debts discharged. In Chapter 13 and Chapter 11 filings, filers propose to pay creditors fully or partially over time. Chapter 13 filers carry a smaller debt load and most often places to realign their curricula to employers’ requirements, so that students are developing the skills most relevant for the region. A summary of the program and its benefi ts will be reported to the community on Monday at the Rochester Institute of Technology Inn and Conference Center. The event will feature a trade show highlighting the projects funded by Wired, a report to the community including regional leaders and testimonies about work force, economic, innovation and entrepreneurial development. are individual consumers. Chapter 11 filers usually are businesses hoping to avoid going under. The U.S. court’s administrative office reports that Chapter 7 cases nationally rose from 679,982 in the 2007-08 fiscal year to 989,227 in fi scal 2008-09, a 45 percent increase. Chapter 13 cases during the same period rose 12.5 percent, going from 353,828 to 398,210. This contrasts with the result sought by the banking groups and credit card companies that successfully pressed Congress to pass a bankruptcy reform package in 2005. The measure was supposed to push more filers into Chapter 13 and keep most from escaping payoffs through Chapter 7. Bankruptcy cases originated in the Rochester region last year included 2,556 Chapter 7 petitions, 73 percent of all bankruptcies filed, and 908 Chapter 13 filings, 26 percent of the total. The local numbers were more or less consistent with previous years’ chapter-by-chapter percentages, said Paul Warren, Western District Bankruptcy Court clerk. While bankruptcy reform has not pushed more filers into Chapter 13, Lustig said, it has greatly increased the time and paperwork required to file. Pre-2005 petitions on average ran to 30 pages; they now routinely top 40 pages. The extra hours of legal work translate into higher costs for debtors, he said. [email protected] / 585-546-8303 Accommodations • Corporate Retreats • Special Events • Business Meeting • Dining Whether you’re planning a corporate event to rally your sales force, show appreciation to employees, or entertain customers, your ability to find the right setting is critical to your success. The Esperanza Mansion, with its stunning views of Keuka Lake, exceptional accommodations, and proximity to major travel routes, is the ideal venue for hosting an event your guests will remember forever. Located One Hour South of Rochester 3456 Route 54A, Bluff Point, NY 14478 | 866.927.4400 | www.esperanzamansion.com [email protected] / 585-546-8303 From fine-dining restaurants to florists, place your ad in RBJ’s 2010 Valentine’s Day Guide Call 546.8303 or e-mail [email protected] to reserve your space today PAGE 8 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM JANUARY 22, 2010 Kodak analysts expect Q4 profit, full-year loss IP deals seen as key to meeting targets for earnings and cash flow By MIKE DICKINSON astman Kodak Co. finished the fourth quarter with a fl urry of intellectual property deals that analysts said the company needed to be able to achieve its targets for the year. Whether those deals generated enough cash and profit to hit those targets will be known next week when the company reports its fourth-quarter and full-year results. Kodak is slated to release the numbers Jan. 28. The Street expects the company to post a profit of 18 cents a share, compared with a E loss of 8 cents a share a year ago, Thomson Reuters reports. Analysts also expect sales to fall 3 percent in the quarter to $2.36 billion from $2.43 billion. The fourth quarter is Kodak’s most important period because of holiday sales of its consumer products, including digital cameras and inkjet printers. Analysts expect Kodak’s 2009 sales to drop 22 percent to $7.38 billion, from $9.42 billion in 2008. They forecast a loss of $1.48 a share for the year, compared with a loss of 38 cents a share in 2008. “The company reported some signifi cant payments in IP in the fourth quarter, with settlements with Samsung and LG,” said Ulysses Yannas, a longtime company watcher with Buckman, Buckman & Reid Inc. in New York City. “They also should be getting a hell of a lot of money for the (sale of the) OLED business.” Kodak typically announces IP deals only when it settles litigation. The company did not say how much it will get from the settlements it reached during the quarter. Kodak leaders have been counting on a big quarter from the IP segment to boost profits and cash generation. The company said in October that it still could achieve its target of $250 million to $350 million in IP income for 2009. Analysts said that target includes agreements that would settle patent infringement disputes with Samsung Electronics Co. Ltd. and LG Electronics Inc. and affiliated companies. In December, Kodak inked settlements with both firms. On Dec. 4 the company said it had entered into a technology cross- license agreement with LG Electronics, which allows each company access to the other’s patent portfolio. The license agreement is royalty-bearing to Kodak. Kodak also said it would sell all assets associated with organic light-emitting diodes to a group of LG Corp. companies. On Dec. 23, Kodak said it had agreed to negotiate a settlement agreement and a technology cross license with Samsung. Samsung agreed to make a non-refundable payment to Kodak this year that will be credited toward its future royalty obligations to Kodak, Kodak officials said. Kodak said Jan. 11 that it had negotiated the technology cross license pact with Samsung. The agreement allows each firm access to the other’s patent portfolio. It is royalty-bearing to Kodak. [email protected] / 585-546-8303 Exciting News! An Update from Jim Fulmer, President of The Bank of Castile Tompkins Financial earns double honors for strong performance. Hard to believe it’s been about two years since the subprime lending issue first emerged. As we all know, during that time, there has been a great deal of turmoil in the financial services sector and the economy in general. Throughout, we’ve tried to keep you updated on issues that may have been on your mind. As you’re aware, The Bank of Castile did not participate in subprime lending and the bank has remained strong and well capitalized. Despite the reported “credit crunch,” The Bank of Castile has continued to be very active in our communities with loans for home mortgages and small and mid-sized businesses, and our credit quality remains strong. I’m pleased to share some exciting news with you about recent recognition for our parent company Tompkins Financial. According to The Staton Institute, Tompkins Financial now holds the second longest record of consecutive growth in legitimate earnings per share among all U.S. public companies - our record of 36 consecutive years of earnings growth is second only to Walmart. And for the second straight year, Sandler O’Neill & Partners has named Tompkins Financial to its Sm-All Stars list of the top performing publicly-traded small-cap banks and thrifts in the nation. The strength of our company and this kind of recognition would not be possible without you, our clients. I’d like to take this opportunity to thank you for your business and your confidence in The Bank of Castile. James W. Fulmer President of The Bank of Castile www.bankofcastile.com 585-345-0122 Member FDIC The latest recognition comes from two highly respected companies that monitor financial performance and stability. The Staton Institute, in its newly-released 2010 edition of America’s Finest Companies, recognized Tompkins Financial for holding the second longest consecutive record – 36 years – in legitimate earnings growth among all U.S. public companies. Tompkins Financial’s record is second to Walmart and first among U.S. based publicly-traded financial institutions, according to the Staton information. In addition to being recognized as an Earnings All Star® by Staton, Tompkins was named one of America’s Smartest Companies®, a distinction earned by only 14 U.S. public companies having more than ten consecutive years of growth in both dividends and earnings. Sandler O’Neill & Partners, for the second straight year, has named Tompkins Financial to its Sm-All Stars list of the top performing publiclytraded small-cap banks and thrifts in the nation. Of the 509 banks and thrifts with a market cap of less than $2 billion, Tompkins Financial was one of only 30 selected. Selection is based on growth, profitability, credit quality and capital strength. Honored to receive this recognition, Tompkins Financial CEO Stephen S. Romaine said, “Being named to this elite group of companies speaks highly of the performance of our board and employees, and most important, the loyalty of our clients. Tompkins Financial is committed to providing long-term value to our clients, shareholders, and the communities we serve. This focus on long-term value has guided our decisions over the years and separated the consistency of our results over time from what can appear to be a short-term focus of many in our industry.” ROCHESTER BUSINESS JOURNAL / THELIST JANUARY 22, 2010 PAGE 9 !+6/ ..:/;; '/5/9287/ %+74 )/,;3</30+9953-+,5/ +;<6+77;<3<=</08:":+5/+5<2 =>H@@5G6 )@496DE6C%0 HHHFC>4C@496DE6C65F 56?E:DECJ $/7<+5:8=9 #@?8'@?5)@25 )@496DE6C%0 HHHB56?E2=4@> #5=<+/7<+5/7</:+<%8-2/;</:/7/:+58;93<+5 '@CE=2?5G6 )@496DE6C%0 !880 & '8<+5!8 80/7<3;<; /7<+5&/:>3-/;80%8-2/;</: '@CE=2?5G6 )@496DE6C%0 HHH3F9:E64@> 8:7/:;<8://7<+5 $@F?E)625=G5 )@496DE6C%0 HHH4@C?6CDE@?656?E2=@C8 !8:<28+;</7<+5:8=9 F5D@?G6 )@496DE6C%0 HHH?@CE94@2DE56?E2=8C@FA?6E #/:38.87<+5/+5<2&9/-3+53;<;# =:?E@?G6*F:E6 )@496DE6C%0 :+;;3:+;;3# .9:E6*ACF46=G5 )@496DE6C%0 HHH8C2DD:2?58C2DD:4@> #/:38.87<+5/7</:;80%8-2/;</: .):586)@25 )@496DE6C%0 %3.1/?88./7<+5 35+78=B34&# .):586)@25*F:E6 )@496DE6C%0 3+7-385++7./+-2#/:38.87<+5 #J6==G6 )@496DE6C%0 %8;/7#3<-2/:/7<+5:8=908:235.:/7 *$2:?*E ':EED7@C5%0 HHHC@D6?A:E496C56?E2=4@> ://-/#/.3+<:3-/7<3;<:A# .):586)@25 )@496DE6C%0 JC:=$6J6C@H:EK 2DE>2? 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Anthony House By NATE DOUGHERTY hen Susan B. Anthony stumped for one of the many issues she kept close—suffrage, temperance, civil rights—she traveled on a shoestring, leaving her finances in the hands of those who supported the cause. Before speaking engagements, Anthony would print the handbills herself; afterward she would take a collection, hoping to gather enough for train fare to the next town. For years, the museum dedicated to preserving Anthony’s legacy and the Rochester house she lived in has operated the same way. That is what Deborah Hughes wants to change. The Susan B. Anthony House executive director, 50, has plans to grow membership through outreach to people affected by Anthony’s less heralded crusades such as nursing reform and lifelong health. For an organization that has operated on annual revenue of less than $500,000 and has four full-time and five part-time employees, financial growth is the forerunner to other plans. Hughes aims to add on to the house—both its physical space and programs—and build its national stature. The Susan B. Anthony House has an obligation to provide a more complete story of Anthony’s work, using the breadth of collections it has gathered from across the country and, in some cases, from within the walls of the 150-year-old house. “A lot of people are telling her suffrage story now, but our challenge is to tell it more fully and deeply,” Hughes says. Hughes was not looking for a job in 2007 when a friend passed along a notice of the opening at the Susan B. Anthony House. She was working as an interim pastor at Third Presbyterian Church, a position she had held for almost three years, but she says the museum job felt like a calling. The committee charged with selecting an executive director initially placed her resume in a pile for applicants deemed to lack experience, but her background was substantial enough that some members argued to keep her in the mix. She had never been head of a non-profit organization but did have experience in organizing volunteers during her work in churches and some background in fundraising because of a position with Colgate Rochester Crozer Divinity School. Her interview sealed the job offer. “She came in and blew our socks off,” said Thomas Argust, trustee emeritus and member of the search committee that selected Hughes. “She was very well-informed about Susan B. Anthony, and her knowledge of history was remarkable.” Hughes knows something about callings. While she was a senior at the University of Oregon, she met with an adviser to sort through credits she had accumulated while changing majors a handful of times. The adviser pointed out that she had taken almost every course the religious studies department offered. Hughes, who at that point had not decided what to do after graduation, went on to attend a Presbyterian seminary. After completing seminary, she was offered a job by a Baptist church in Michigan. She was surprised to be offered a position outside her denomination, but she approached it with an open mind. She interviewed and became deeply involved in the work, eventually transferring to New York City for a job involving death benefits with Photo by Kimberly McKinzie Her calling the American Baptist pension board. “It was very fulfilling work because the organization had a nice endowment and could help families that had been living in the parsonage to be able to move on and into their own homes,” Hughes says. “It was great to be able to meet with them and present a check to help them start their new lives.” As she moved throughout her career, Hughes harbored a desire to return to Rochester. She had lived in the city off Browncroft Boulevard as a child before her family moved briefly to Fairport and then left the area for Oregon when she was 10. Though she had left Rochester as a girl, the city had made a deep impression on her. “I really missed the intellectual environment, the arts and culture here,” Hughes says. “I still remember my first trip to Strasenburgh Planetarium and a class field trip we took downtown to open our own bank accounts. I must have driven all the other kids in Oregon crazy, talking about how great Rochester was all the time.” Instead of fading away like a lost part of her youth, Hughes’ connection to Roches- ter grew stronger as she went through school. During seminary she was fascinated with the spiritual history of Western New York, where the histories of spiritualists, Mormons and Quakers were intertwined. She also felt a connection to the area’s progress in civil rights. She was a child during Rochester’s 1964 insurrection—she says it is not appropriate to call it a riot— and saw how the city tried to improve urban conditions afterward. “As a kid I was really impressed and fascinated by how people responded, and when the same thing happened in Detroit, people just packed up and left the city,” Hughes says. She now lives in the city again; she bicycles, plays racquetball at the downtown YMCA and enjoys water sports in the summer. Museum history But for the sign in front noting that it was Susan B. Anthony’s house, there would be little to set the museum apart from the other houses on Madison Street. Just outside downtown, the tree-lined residential street off West Main Street is part of one of the oldest intact residential areas in the city. That part of the city had been a major transportation hub, near a train line and a company that built canal boats. It was within walking distance of the major sleigh lines that operated during an era before streetcars. The house Anthony shared with her sister Mary was not part of the Underground Railroad, but a nearby house was. Hughes says she is glad the museum is part of such a vibrant and diverse city neighborhood. In the 2000 census, the average household income for the area was $18,000, but Hughes describes it as a safe place where neighbors look after one another. “The people here are very proud, and they even print T-shirts that say, ‘History lived here,’” Hughes says. For Hughes, there is no better place than Madison Street for people from within and outside Rochester to see the city’s history. Around the corner from the Susan B. Anthony House is the newly opened Frederick Douglass Resource Center, and in a park between the two is a sculpture that Continued on next page JANUARY 22, 2010 Continued from previous page depicts Anthony and Douglass conversing over tea. The house became a museum almost by accident, Hughes says. After Anthony’s death in 1906 and sister Mary’s death the following year, members of the suffrage movement advocated for making the house a monument to the work. But the family decided to sell it and use the proceeds to support the campaign for women’s suffrage. The house was occupied by a family until 1945, when the Rochester Federation of Women’s Clubs asked whether it could designate the house in some way. “They asked the owner if they could put a sign up, and the owners happened to want to leave, so they said that it was for sale,” Hughes says. “The group that wanted to buy the house didn’t want people knowing that it was them buying it to make a museum, because they were afraid it would raise too much attention and drive the price up, so they used a third party.” The house became a national historic landmark in 1965, the first one in Rochester and now one of two, along with the George Eastman House. For years the house was run by an all-volunteer organization, until in 1992 the board of trustees decided to hire its first executive director. Campaigns to expand the museum’s programs and revenue have gained momentum since the transition from an all-volunteer organization. In 1997 it raised $1.4 million to purchase two adjacent properties and build a visitors center. Hughes says there are more plans to expand, allowing the museum to take in larger tour groups and accommodate an annual audience of 20,000, up from the 8,000 it receives now. “We want to make the site more accessible for more people,” Hughes says. “We would add more room for bathrooms and our collections, as we’ve had three acquisitions this year. But we want to stabilize our ongoing budget before we work on any building plans.” ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM PAGE 11 for a museum like ours.” of potential members, Hughes says. Hughes says the Susan B. Anthony House “There is so much depth of Susan B. is seeking $600,000 in grant funding for a Anthony and her connections locally and program to attract new members, a plan nationally, and we’re just beginning to tap that would raise $1 million. The plan would into that,” she adds. The outreach will extend to the elderly, focus on Anthony’s infl uence on history since Anthony was a proponent of healthy outside of her suffrage efforts. Nursing will be living and exerone of the main cise. She walked “A lot of people are telling her points of attenher nine-block tion, Hughes says. suffrage story now, but our challenge neighborhood evIn 1902, when is to tell it more fully and deeply.” ery day and ate Anthony was 82, oatmeal at a time she made a speech at a state nursing conven- when it was seen as a peculiar meal. Hughes tion that laid the groundwork for legislation says she hopes to get an article into the magto standardize the profession. The following azine AARP about Anthony’s lifestyle, openyear the Armstrong Act passed in the state, ing the door for more potential members. first establishing the term “registered nurse” Anthony’s life, as displayed in the muand standards that went along with it. seum, is also used as a model for women The museum has formed the group Nurs- recovering from addiction. ing Friends of Susan B. Anthony, hoping to “We’re trying to reach out to the courtfurther share her connection with the pro- mandated treatment programs to get more fession and reach an audience of thousands people in,” Hughes says. “When they come and see that this national hero lived in a neighborhood that looks like theirs, it means a lot. She wasn’t wealthy at all, despite what many people may have thought.” The program has become an asset to the neighborhood, says Dawn Noto, president of the Susan B. Anthony Neighborhood Association. Hughes has been an important part of organizing the groups in the Madison Street area to make it safer and more focused on self-development. Using Anthony’s legacy to better the lives of residents is a big part of that, Noto says. “That program wasn’t at the house before (Hughes) came, and it makes it such an inspirational place,” Noto says. “She has made it so the house isn’t just about history, but a place where people can take motivation for today, and it’s very powerful.” The push to increase membership comes at a time when attendance for house muContinued on page 13 YOU WORK ALL OVER. SHOULDN’T YOUR 3G? PUT YOUR BUSINESS ON THE MAP. BE MORE PRODUCTIVE WITH SMARTPHONES UNDER $100. More small businesses choose Verizon Wireless than any other wireless carrier. Maybe it’s because of our map. The one that has the most 3G coverage in America. The one that makes for powerful, reliable solutions for your business. So you can be as productive on the road as you are anywhere else. Growing the museum The museum has close to 750 members today. Within five years, Hughes wants to reach 20,000. Doing so would give the organization the funding it needs to expand programs, but that would not come without a cost itself. “In the last year we had an aggressive campaign to increase donations and membership, and what we learned about membership growth is that all we have to do is ask and people respond,” Hughes says. “But we found that we spend about as much as we make, and that’s a stretching point BlackBerry® Storm™ World’s first touch screen global BlackBerry 99 49 $149.99 2-yr. price – $100 $ mail-in rebate debit card. Deborah Hughes Position: Executive director, Susan B. Anthony House BlackBerry Tour™ Fastest BlackBerry processor with global capabilities NEW! 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Small Business claim: Results based on an independent research study of 3,429 single-location firms with 1-49 employees using corporate-liable wireless service. Telephone interviews were conducted between 4Q08 and 3Q09 with the employee most knowledgeable of telecommunications service.© 2010 Verizon Wireless. 98181 PAGE 12 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM GOLINI Continued from page 1 “I couldn’t be happier with the way things have gone,” Golini said. “It would be awful to leave not on good terms.” He praised the firm for making the acquisition process a smooth one and said QED has thrived since the purchase with new products introduced in the marketplace. “I’m ready to do something different,” Golini said. “There is a little something missing.” He has no definite plans but said he envisions something entrepreneurial, likely in technology because of his background. Still, he is not ruling out anything. One possibility is a new company that has some seed funding but needs leadership. Golini, 45, said he has been approached by people with professional opportunities but has not accepted any offers. “Once you have built a company and gone through the excitement, the risks, the upside and downside potential—all the dynamics that come with being on the front line—you miss it,” Golini said. “I’m a young guy, and I’d like to do something important again.” He said he is drawn to highly differentiated products with strong value propositions. “I’m not a guy who can pump out gadgets a few cents cheaper than the next guy,” he said. Golini will continue at QED full time through January and then work part time into the summer to ensure a smooth transition. Daniel Pike, Cabot vice president of corporate development, will serve as QED president on an interim basis. Golini said there are inside candidates for his job. QED manufactures and develops automated magnetorheological finishing systems. They use magnetic fluid to polish surfaces, JANUARY 22, 2010 such as optical lenses, instead of traditional labor-intensive methods. Magnetic fluid can finish high-precision elements in minutes or even seconds, replacing manual technology that took hours, weeks or months. QED has added to its capabilities, introducing software that can measure aspherical lenses more cheaply and more precisely than traditional methods. The majority of its workers are in Rochester, with some in Australia, Europe and Japan. The firm is housed in three neighboring buildings on University Avenue totaling 20,000 square feet. Golini declined to disclose QED’s revenue but said fiscal 2009 was tough and the company appears to be rebounding this year. Cabot’s Pike praised Golini for his leadership, business sense and commitment to the company. “He has very successfully guided QED from inception through integration with (Cabot) and during periods of strong and Every company needs a Sales Hero Let The Lists be yours! In this economy, every little advantage helps, and that is why you need The Lists! The Lists 2010 will help you get more sales by giving you access to the top 25 companies in more than 80 categories. The Lists includes: • Company name • Key contacts with job titles • Addresses, phone and fax numbers • Ranking by revenue and/or number of employees* The Lists 2010 contains the most current data right at your fingertips. weak markets, creating a team and an entity that is recognized worldwide for its innovative technology, quality and service,” Pike said. Golini, a former winner of the Ernst & Young Upstate New York Entrepreneur of the Year Award in the manufacturing category, called the 13-plus years at QED the most rewarding of his professional life. “I have had the unique opportunity to be part of a team with some of the sharpest minds anywhere, developing innovative and breakthrough technologies, and providing the leading optical companies with valuable and revolutionary manufacturing solutions,” he said in a letter distributed to customers. “We have truly made a difference in our industry, and we are just in the early stages of a revolution in the optics industry.” The Massachusetts native studied optical engineering at the University of Rochester, graduating with a bachelor’s degree in 1986. He landed a job as an optical engineer at Litton/Itek Optical Systems Inc., based in Massachusetts. Itek allowed him to make another trip to Rochester to work on a thesis with a UR professor. Golini’s second stint at UR resulted in his participation on the advisory board of its Center for Optics Manufacturing. With funding secured and a new building, COM officials were looking for a research and development manager. Golini took the job and moved back to Rochester at the end of 1992. In 1993, a private investor approached COM and discussed the merits of a magnetic fl uid polishing technology invented by a Russian scientist. Golini and his team spent three years understanding the technology. In mid-1996, Golini wrote a business plan. To fund it, he approached the same investor who had suggested the technology to COM. William Kordonski, the scientist who invented the MRF technology, also agreed to join the firm. Golini pulled together a team to start QED Technologies. Thomas Battley, executive director of the Rochester Regional Photonics Cluster, said what QED did—automating the manufacturing of aspheric lenses—made a huge impact on every industry, from medical devices to defense systems and consumer products, including digital cameras. “Creating a company that made both CNC-based machines for the deterministic manufacture of complex lenses, and the metrology equipment to measure the results, was a breakthrough step in the optical fabrication world,” Battley said. He noted that the list of companies using QED equipment is a “who’s who” of lens suppliers. Battley said QED could not have grown without Golini’s business acumen. “It’s an optics entrepreneur dream story,” Battley said. [email protected] / 585-546-8303 Order The Lists 2010 TODAY! Call 585.546.8303, ext. 154, or go to www.RBJDaily.com. *when available File photo by Kimberly McKinzie Golini: “I’m a young guy, and I’d like to do something important again.” JANUARY 22, 2010 GRIFFITH Continued from page 1 acquisition, which is our third in our U.S. refined fuel business,” Superior Plus chairman and CEO Grant Billing said in a conference call that the Calgary-based company held Wednesday. “(Griffith Energy) is very complementary to our Canadian propane distribution business as well as our U.S. refined fuel business.” The acquisition includes all assets of Griffith Energy, Billing said. “All of the management is pretty well coming with the acquisition,” he said. “We’re looking forward to combining that with our existing U.S. heating oil management groups as we go forward.” Griffith Energy president and CEO John Hamilton did not respond to a request for comment. “There will continue to be consolidation opportunities in this space as we look forward,” Billing said. “We don’t see that as something we necessarily need to do in the short term, but certainly we will continue to look at that as we go through the year. Our first priority will be in consolidating our existing three U.S. heating oil businesses.” The service territory for Griffith Energy overlaps with that of another Superior Plus unit in New York between Binghamton and Watertown. “There will be some synergies from an operating point of view,” Billing said. “And, of course, we’ll see the normal man- INNOVATION Continued from page 4 to promote innovation in manufacturing and green technology. National policymakers and business leaders like Jeffrey Immelt, CEO of General Electric Co., have stated goals of doubling employment in manufacturing in the future. Hira said discussion could focus on how to translate those goals to employment regionally, and how Rochester officials can work with federal and state officials to make it happen. Speakers would include business leaders and academic and government officials across different spectrums of innovation, Hira said. The next session tentatively is scheduled for March 6 and will be final- HUGHES Continued from page 11 seums is on the decline nationally, Hughes says. Smaller museums do not tend to make much from admission fees to begin with, she notes, so increasing membership is more necessity than luxury. Hughes has pushed the growth plans with a tight focus on how to present Anthony and the museum to a national audience. She worked with a group of public relations and advertising experts to understand and define the Susan B. Anthony House brand. “That’s just one of the things that is great about her skills,” Argust says. “She’s been here a few years and has already made her mark in a number of ways.” Timing is also important. The Susan B. Anthony House relies heavily on its annual birthday celebration to raise money, following the tradition Anthony set in turning her own birthday into a fundraiser for suffrage. This year marks the 90th anniversary of the 19th Amendment, and the birthday celebration will feature a one-act play to commemorate its passage. The event normally raises 10 percent of the museum’s operating budget. Thirty tables already have been sold for the Feb. 10 event, which draws close to 1,000 people. ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM agement and back-office synergies.” Some 42 percent of Griffith Energy’s gross profit for the 12 months ending June 30 came from its propane business. “There’s a strong propane component to this acquisition, which is something we’ve been looking for and is important for us,” Billing said. Besides its propane business, 13 percent of Griffith Energy profits for the 12-month period came from heating oil, 23 percent came from other fuels, 18 percent came from wholesale-dealer sales and 4 percent were service-related, Superior Plus executives said. In a 2007 interview with the Rochester Business Journal, Hamilton said 2006 sales were $750 million and had more than doubled in three years. “We’ve looked around the last couple of years for what we think is the right kind of a buyer, one that we think will keep the headquarters here and possibly expand it,” said Philip Saunders, one of two majority shareholders of the Rochester company, in talking about Superior Plus. “They’ve got some other business units that might possibly work into this facility here.” Saunders thinks Rochester could become the U.S. headquarters for Superior Plus. “I think it’s a high probability, particularly if our (local) government here is friendly to them, which I think they will be,” he said. “They bought two other business units that really don’t have much of an infrastructure to them.” Saunders acquired an ownership stake Continued on page 16 ized once details are confirmed with the speaker. Getting more specific about vague goals related to innovation would benefit RIT, which has pushed a focus on innovation during President William Destler’s tenure, Hira said. Nationally, much of the work on innovation policy and jobs in the field will originate at universities. “I think universities play a vital role in regional economic development and catalyzing innovation in businesses around them, and also in terms of training students for the jobs of the future,” he said. Those interested in attending the Jan. 28 event can contact Melissa Taylor at [email protected]. PAGE 13 COST-EFFECTIVE SURVEYS, FOCUS GROUPS AND MARKET RESEARCH SERVICES Rochester’s Best Full-Service Focus Group Facility Our Rochester market research focus group facility provides full-service hosting, moderating, recruitment and digital video recording for consumer and business-tobusiness focus groups. Valient Solutions Market Research Corporate Headquarters 470 Long Pond Road, Suite 270 Rochester, NY 14612 www.valientsolutions.com For a free quote, contact us today! Call (585) 227-2600 or email [email protected] golf and give [email protected] / 585-546-8303 Aside from the push to increase membership, Hughes is leading an initiative to expand the museum’s collections. The house is filled with donated objects that Anthony used herself—such as the bed in her room or the black dress she was famous for—and others with a connection to the Anthony family. It also has an extensive collection of letters by Anthony, a prolific writer. The museum recently acquired a collection of 150 letters from Anthony and her family, including her father’s letter about meeting a man named Fred Douglass and investing in a newspaper he was trying to start. Not all the letters have been donated. A few years ago, an employee was talking about how the old house held many surprises, reaching up between the cracks of a closet’s wallboards as he said it, in a joking gesture. He pulled back a letter, intact and hidden there by Anthony herself. Hughes says the discovery epitomizes the museum’s mission. So much history of the suffrage movement and Anthony’s life is within reach, needing just the proper channels to reach a wider audience. “The story we can still tell about Susan B. Anthony is so broad and rich,” Hughes says. [email protected] / 585-546-8303 July 19, 2010 The Rochester Businessman’s Charitable Organization proudly presents the 24th annual Rochester Business Classic golf event benefiting Pluta Cancer Center and Veterans Outreach Center. For more information about how you can contribute please contact [email protected] PAGE 14 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM ROCHESTER MIDLAND Continued from page 1 employees and perhaps add up to 16 jobs in the next few years. The company had been courted by outof-state developers but chose to remain in the Rochester area largely because of its work force, he said. The company is eligible for a $300,000 grant from Empire State Development Corp. “This expansion will further strengthen upstate’s existing manufacturing base, as well as keep an iconic Rochester company operating and growing right here,” said ESD chairman- and CEO-designate Dennis Mullen in a statement. Rochester Midland also was expected to receive approval from the County of Monroe Industrial Development Agency on Thursday for tax breaks for the project. The COMIDA agenda stated that the project will be financed through a $10 million tax-exempt industrial revolving bond issue, equity and conventional bank financing. Officials from Cass Hill of Clifton Park, Saratoga County, said the firm is looking for ways to redevelop the city sites. Documents filed with the Monroe County Clerk’s Office show that the Ogden property was sold for $5.5 million; one of the Hollenbeck sites sold for $200,000. The deal on the second city property will be finalized once Rochester Midland exits the building. Company officials would not comment on the purchase price of the second property. Coyner said Rochester Midland, as well as the city’s Department of Neighborhood and Business Development, tried to find ways for the company to stay in its current space, but it would have been too costly to renovate the facilities and they are nearly landlocked. Although the city facilities are bigger than the space in Ogden and total some 230,000 square feet, the configuration and age of the structures were problems, Coyner said. Rochester Midland’s move to Ogden will involve changes in the building, including new office space, that will occur over roughly 15 months, Coyner said, and the first employees could be relocated by May or June. Founded in Rochester in 1888, Rochester Midland is a specialty chemical manufacturer with marketing divisions in water treatment, food process chemistry, washroom sanitation, industrial cleaners, institutional products and feminine hygiene vended products. The firm does business throughout North America and in more than 70 countries. Coyner declined to disclose revenue figures for the firm but said the company has sales in the $100 million range. [email protected] / 585-546-8303 JANUARY 22, 2010 BEST OF THE WEB Continued from page 1 sites from previous years and other lists. A panel of judges evaluates finalists based on content, usefulness, navigability, use of technology, design quality, e-commerce and likelihood of repeat visits. The winners in each category—and the gold, silver and bronze overall award winners—will be announced at an awards breakfast at 7:30 a.m. Feb. 25 at the Rochester Plaza Hotel. Dana VanDen Heuvel, founder and president of the Marketing Savant Group in Green Bay, Wis., will give the keynote talk on the marketing value of social media. The following, listed by category, are the 2010 finalists: Arts Albert Paley (www.albertpaley.com) Nancy Gong (www.nancygong.com) RentanArt Inc. (www.rentanart.com) Banking and finance First Niagara Financial Group (www.fnfg.com) Genesee Regional Bank (www.grbbank.com) M&T Bank Corp. (www.mtb.com) Business and professional services 2010 Best of the Web Awards February 25, 2010 • Rochester Plaza Hotel • 7:30 - 9:45 a.m. Breakfast Cheshire AV (www.cheshireav.com) Clark Patterson Lee (www.clarkpattersonlee.com) Pictometry International Corp. (www.pictometry.com) Community PathStone Corp. (www.pathstone.org) Seneca Park Zoo (www.senecaparkzoo.org) South Wedge (www.southwedge.org) Cultural non-profit Featuring keynote speaker Dana VanDen Heuvel Founder and president, Marketing Savant Now What? What’s next in social media… VanDen Heuvel is a widely recognized expert on thought leadership marketing and social media. He is the founder and president of the Marketing Savant Group and speaks often to international audiences on blogging, social media and Internet marketing trends. VanDen Heuvel is quoted often in MarketingSherpa, Internet Retailer, Event Marketer and other publications. “Dana has proved himself not only as a knowledgeable expert in his field but also as a skilled presenter and ongoing consultant.” – John Henley, executive vice president, Center for Sales Strategy Geva Theatre Center Inc. (www.gevatheatre.org) Eastman Theatre (www.rochester.edu/ giving/eastmantheatre) WXXI Public Broadcasting Council (www.wxxi.org) Education The Harley School (www.harleyschool.org) Rochester Institute of Technology (www.rit.edu) SchoolWorld (www.schoolworld.com) Health care Rochester Health (www.rochesterhealth.com) Progressive Implantology & Periodontics (www.rochesterperio.com) Skinsight (www.skinsight.com) Manufacturing Tickets: $35 Parlec Inc. (www.parlec.com) Transcat Inc. (www.transcat.com) Uniblitz (www.uniblitz.com) For the list of this year’s nominees or to purchase tickets, visit Real estate and construction go.rbj.net/bestoftheweb. Conifer Realty LLC (www.coniferllc.com) Eastman Business Park (www.eastmanbusinesspark.com) Rent Rochester (www.rentrochester.com) Retail/hospitality Breathe Yoga and Juice Bar Inc. (www.breatheyoga.com) Hickey-Freeman Co. Inc. (www.hickeyfreeman.com) Jackson & Hines (www.jacksonandhines.com) sponsored by In addition, with its Business Transformation Award, the eBusiness Association will recognize a local firm that has transformed its business through use of the Internet. This year’s competition is sponsored by MSM Interactive, Time Warner Cable Business Class and the eBusiness Association. [email protected] / 585-546-8303 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM 2 0 1 0 Nominate your healthy company today. Promote your business or organization to 72,000 readers – free! Send in your Wealth of Health Award nomination. Get credit for holding walking meetings, placing fruit in the vending machine – anything you’ve done to encourage your workforce to live healthier. Final honorees will be featured in a Rochester Business Journal Special Report that will be read by 72,000 people. Entering is free and easy, so don’t delay. Deadline for submissions is March 15, 2010. entry information Visit go.rbj.net/wealthofhealth to download an application. E-mail your entry to [email protected] Please answer each of the following in 500 words or less: Excellus BlueCross BlueShield is a nonprofit independent licensee of the Blue Cross Blue Shield Association 1. What does your business or organization do to encourage employees to improve their health? 2. What is the total number of employees in your organization? How many employees participate in your efforts to improve their health? 3. How have you been able to impact measurable improvements in your employees’ health (for example, presenteeism or smoking cessation)? 4. How do you make sure that the efforts are sustainable? 5. Do you track your results? If so, how and what are your outcomes? Businesses and organizations of all sizes accepted regardless of health insurance affiliation. In addition to the RBJ Special Report, businesses and organizations will be recognized at a special awards luncheon on June 10, 2010, at the Hyatt Regency Rochester. Awards will be given in categories based on number of employees of the recognized businesses or organizations. Please direct questions to Kerry McGlone at 585-546-8303 or [email protected] For helpful hints online, visit go.rbj.net/wealthofhealth Co-sponsored by: PAGE 15 PAGE 16 MULLEN Continued from page 1 Development Corp. “It is the replacement for the Empire Zone program, but it’s not in isolation,” he said this week. “We have a go-to-market strategy that’s broader around a whole economic development strategy rather than just an Empire Zone.” Other incentive programs include Upstate Regional Blueprint Funding, Restore New York, the Empire State Economic Development Fund and the Jobs Now program, Mullen said in an interview with the Rochester Business Journal this week. The state wants economic development reform with a focus on regional core competencies, new economies such as nanotechnology, biotechnology, medical technology and clean energy in the Rochester area, and better access to capital for businesses, Mullen said. “The Excelsior program is incremental to the traditional programs we have to support those pillars,” he said. “The first is a more robust research and development tax credit. Second is a more robust investment tax credit. The third is a jobs credit.” Mullen declined to place a dollar value on the tax credits. “What has to be determined is how it’s going to be accepted and approved by the Legislature to become law, for us to be able to implement it,” he said. “That’s the next step.” Paterson will negotiate details of his proposed economic development program with leaders in the state Senate and Assembly as they try to meet the April 1 deadline for passage of the budget. The new program would be an improvement over the much-maligned Empire Zone program, said Sandra Parker, president and CEO of the Rochester Business Alliance Inc. “Part of the reason for that is it pays incentives based on payroll versus the number of jobs,” Parker said. “Those jobs that pay more would receive more incentives. That’s a positive thing.” For example, a company creating five jobs at $30 per hour—an economic impact of $150—would be eligible for more incentives than a company creating 10 jobs at $10 an hour—an impact of $100. “The other thing that (Excelsior) does is the incentives are actually received as tax credits,” Parker said. “The company that’s getting the incentives actually has to have done what it said it was going to do in order to get payment. “That was one of the key flaws in the Empire Zone program. A company would say they were going to deliver ‘x’ number of jobs if they got the incentive, then didn’t deliver on the jobs.” Excelsior also would tighten the definition of job creation, Parker said. “It doesn’t give incentives if you just move a job within the state,” she said. “If you move something from Monroe County to Ontario County, it has to actually be new jobs added, which is an improvement as well.” Parker’s greatest concern with Excelsior as it has been presented, she said, is that decisions about incentives would be made in Albany. “There needs to be a local component to make sure the local view is part of the decision-making process for how much of the incentive is actually given,” she said. “If you look at past history, when Albany makes the decision, upstate tends to get the short end of the stick.” The Excelsior program, unlike Empire Zones, does not involve designated sites, Mullen said. “This isn’t zone-related,” he said. “This ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM is across the entire state. We’re not carving out specific geographies to invest in. We’re saying if you do these things, we’re going to incent you. “I am a big fan of downtown revitalization. I think we need to be doing that. But we have prioritized it to invest in tax credits to create jobs in R&D, tax credits for capital investment and tax credits for people who create jobs, versus downtown capital investment going forward.” The proposed program does not cap research and development tax credits, Mullen said. “Historically, if you do the right things as a company and invest in R&D, tax credits stop when the company had enough credits to mitigate their taxes. In this particular case, if you get to zero, it will turn those additional credits into a tax reimbursement.” The Excelsior program was developed in consultation with business leaders statewide and after looking at incentive programs offered in other states, Mullen said. Mark Peterson, president of Greater Rochester Enterprise Inc., and Judith Seil, director of Monroe County’s Department of Planning and Development and executive director of the County of Monroe Industrial Development Agency, were among the local contacts, he said. Core competencies include precision manufacturing and back-office operations for large corporations, Mullen said. “You’ve seen what JPMorgan Chase has done in the Rochester area,” he said of some 250 loan specialists, underwriters and processors being added this year. “They’ve added a lot of jobs, most recently in the last four or five months now that the banking industry has turned around a little bit.” The new economies of nanotech, biotech, medical devices and clean energy are directly connected to the University of Rochester and its medical center and to the Golisano Institute for Sustainability at Rochester Institute of Technology, Mullen said. In the executive budget proposed this week, Paterson wants to merge Empire State Development with the state Department of Economic Development, of which Mullen is commissioner—saving $4.7 million annually, he said. The governor also would create a $25 million revolving loan fund for small businesses and a $25 million seed fund for new technology and would GRIFFITH Continued from page 13 in Griffith Energy in 1979. He eventually sold it to Rochester Gas and Electric Corp. subsidiary Energetix Inc. in 1998 for more than $30 million. Saunders orchestrated a management-led buyback from Energetix in 2003, one year after RG&E was acquired by Energy East Corp. Griffith Holdings—and Griffith Energy—have headquarters on Brooks Avenue near the Greater Rochester International Airport. In addition, Superior Plus owns the Connecticut operations of Marylandbased Griffith Energy Services Inc., which it bought in December for $75 million. Griffith in Connecticut—which does business with 50,000 customers in Connecticut, Rhode Island and northeastern Pennsylvania—was not previously affiliated with Griffith in Rochester. The acquisition of Griffith in Rochester gives Superior Plus three distributorships in the Northeast. The third is the heating oil and propane distribution business of Sunoco Inc., which it bought in September for $82.5 million. That unit serves 97,000 customers in Pennsylvania and Upstate New York. “They’re a Canadian company, and they’re really just creating a U.S. pres- offer up to $100 million in matching state grants to institutions that receive federal research and development awards. Mullen provided details about the Excelsior program and other subjects in a telephone interview. An edited transcript of the interview follows. Excelsior program ROCHESTER BUSINESS JOURNAL: How was the Excelsior program developed? DENNIS MULLEN: It was a combination of a lot of things. First and foremost, it was our internal group at Empire State Development that did the research on what the national landscape looked like. Second, it was several meetings with business leaders from several communities throughout the state. Third, it was meeting with organizational leaders such as Ken Adams at the New York Business Council, such as Brian McMahon (executive director of the New York State Economic Development Council). We have the combination of the organizational leadership and who they represent, business leadership, communities and looking at the competitive landscape. We met with several political leaders throughout the state. RBJ: What reaction are you getting from leadership in the Assembly and Senate? MULLEN: I presented it to Brian Kolb (a Canandaigua Republican who is Assembly minority leader), I presented the concept to Joe Morelle (an Assembly Democrat from Irondequoit), and many others. I’m hopeful that that will help in promoting this. Facing sunset RBJ: What happens if Paterson and the Legislature cannot iron out details for the Excelsior program before the Empire Zone program sunsets June 30? MULLEN: I don’t know the answer to that question. I’m not being a smart aleck; I just don’t know. That’s an evolutionary process. I am very confident that with what I know today, every legislative leader I’ve spoken to understands how critical it is to create jobs throughout this state. RBJ: How significant is the proposed merger of the ESDC and the Department of Economic Development into what would be called the New York State Job Development Corp.? ence,” Saunders said. “We’re pleased about that. We think it’s a good move for the employees. It doesn’t look like there will be a lot of lost jobs here, if any.” There was no discussion Wednesday regarding a possible Griffith name change to Superior Plus. Saunders, however, said he would be surprised if that happened. “I would highly doubt that,” he said. “I think one of the things they bought was a strong New York State brand name. They don’t have a brand name in the U.S. “I mean, this is me talking. But if I were doing it, it wouldn’t make good business sense. And they’re strong businesspeople, so I would think that they might do the same.” The acquisition of Griffith in Rochester is consistent with the Superior Plus strategy of value-based growth, Billing said. He expects the Rochester business to add 5 cents a share in operating cash flow in 2010. “Each of the three acquisitions has been accretive,” he said. “We are also acquiring a business (that) is quite fragmented. It provides good opportunity for us to continue to acquire and roll some of these businesses together to get some efficiencies and expand our market position.” Griffith in Rochester owns 26 bulk storage facilities in Upstate New York, stretching from Erie County and the western Southern JANUARY 22, 2010 MULLEN: When you’re able to consolidate things respecting the existing employees and associates, and do it so that the two become stronger as one, then it makes sense. In this particular case, there is some duplication of effort. However, given that one is a state agency and one is a corporation, the consolidation of these for long-term viability and the continuation of a strong economic development initiative makes sense. I am very much for it. It respects both organizations. It’s not one being in charge of the other. And I think the combined organization is much stronger than the separation of the organizations. IDA reform RBJ: Has progress been made on reforming industrial development agencies and tax exemption policies? MULLEN: IDA reforms have been out there for two years now. For us to even comment at this point in time is just speculative. The governor is well aware of the importance of IDAs in our communities. Any solution would be respectful to both parties. Unfortunately, it’s taken longer than anybody hoped to be able to get a solution that’s palatable. The good news is there’s no solution yet, so there is still the ability to have a solution that’s palatable. Senate approval RBJ: You were promoted from ESDC upstate president to statewide president and CEO by Paterson in June but still are awaiting formal approval from the Senate. Does that bother you? Mullen: I do not have any lack of power with my existing title. That’s the good news. I’m empowered to do this job, sign everything that needs to be signed and keep moving things. I was appointed to this job by the governor at the height of one of the most challenging political landscapes you could have. I got this job June 15, and the Senate was going through a lot of trials and tribulations; then we had the budget and a whole bunch of things. Clearly, they just haven’t gotten to it yet. We’ll get confirmed. If I get confirmed on Monday, does that make me any stronger on Tuesday? Confirming me is not a priority. I don’t have any constrictions on my ability to do this job. [email protected] / 585-546-8303 Tier to the Vermont border in northern New York. It owns three storage terminals—in Rochester and Big Flats in New York and in Stevensville, Ontario, across the Niagara River from Buffalo—with a total capacity of 17 million gallons. “They have a terminal in Stevensville that’s a propane terminal, so we think that’s going to be very value-added to us,” Billing said. “It will help provide additional flexibility and opportunities.” Acquiring Griffith in Rochester could be a springboard for future expansion in the Northeast, Billing said. “It really does complete the puzzle for us as the initial stage of developing our business in the U.S.,” he said. “It has a significant propane component, which is important, given our heritage in the propane distribution business. It has synergies with the existing heating oil businesses that we purchased, which is important to us. “And it brings the full slate of management and information systems with it that we’ll be able to use as we build out the U.S. heating oil business.” “I think it’s a good thing for the company,” Saunders said of the sale, “and I think it will be good for the employees. It should continue on as a strong company in New York State. It’s a good fit.” [email protected] / 585-546-8303 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM Rochester Business Journal ENVIRONMENTAL LEADERSHIP AWARDS Major sponsors Supporting Sponsors Harter Secrest & Emery LLP Nominations The Rochester Business Journal, Greater Rochester Enterprise and Rochester Institute of Technology will recognize local businesses for their dedication to environmental or conservation concerns with the Environmental Leadership Awards. The awards will be presented at a luncheon on April 13, 2010. After the luncheon, the keynote address will be given by Kevin Surace, CEO of Serious Materials and Inc. magazine’s Entrepreneur of the Year. In addition, several panel programs will offer expertise, best practices and case studies. Proceeds from the luncheon will benefit Seneca Park Zoo Society conservation projects. Winners will be featured in an issue of the Rochester Business Journal and at a permanent location at the zoo. Nominated companies must demonstrate a significant commitment to environmental or conservation issues and be currently dedicating resources to a project, process or program that ultimately will have a positive impact on the environment. Nominees’ actions should have an impact on one or more categories listed below: Alternative Energy Use ■ Environmental Innovation ■ Green Building ■ Long-term Commitment to Conservation ■ Pollution Prevention ■ Recycling/Reuse ■ Resource Reduction ■ For specific award criteria and to find the nomination form, visit www.go.rbj.net/events. Nomination deadline: February 26, 2010. Supporting documentation—narratives, testimonials, business plans, renderings, resumes— may be submitted along with, but not in place of, the official application. Please e-mail the completed nomination form and supporting materials to [email protected] or deliver your application to Kerry McGlone, Events Coordinator, Rochester Business Journal, 45 East Ave., Suite 500, Rochester, N.Y. 14604. PAGE 17 PAGE 18 RPO Continued from page 1 President and CEO Charles Owens called it an up-and-down year. The high of the anticipated Eastman Theatre renovation was dampened when the economic downturn arrived. For the fiscal year that ended Aug. 31, the orchestra had an operating deficit of $776,000. A large portion of the deficit came from a 19 percent drop in the endowment, creating a loss of $203,000 in the operating budget. The RPO also had a net loss of 769 donors—11 percent of its donor base. And more pledges than normal went unpaid, amounting to $92,000. Individual giving fell 8 percent; endowment income dropped 22 percent. “For an organization that in an ordinary year is stable and in many years shows ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM continued gains on the depth of our support in this community, this is the first time in anyone’s memory that the number of donors declined, especially by a substantive amount,” Owens said. The orchestra held its annual meeting this week. It was almost exactly 12 months ago when Owens unveiled a nine-point plan that included expanding the orchestra’s reach through production and marketing of CDs and gaining new revenue from a renovated Eastman Theatre. Now, Owens said, some expansion goals will have to wait until the organization has more stability. “We just have had to put many of these priorities on hold while we concentrate on stabilizing the organization and trying to do more with less,” Owens said. “A sixfigure deficit certainly puts an impact on things like cash flow, so we really do have to take a lot of time to manage the organization through that period. But when the dawn comes back, we will come back leaner and meaner, and maybe healthier.” The orchestra’s employees and board made sacrifices in the past year to cut costs, the annual report notes. After musicians signed a new contract in the fall of 2008, they agreed to concessions later in the year amounting to $300,000. Staff and conductor salaries were cut as well, resulting in a $220,000 saving. The RPO board and honorary board gave an all-time high of $592,000 in gifts during the fiscal year. Owens said the financial impact on the orchestra lagged behind the onset of nationwide economic problems in the fall of 2008. The decline did not become fully apparent until January; at that point, single ticket sales were 109 percent of the goal, but for the remainder of the year they were only 70 percent of the goal. “It was a year of two halves,” Owens said. “After January it was almost literally the moment when the radioactive cloud The new RBJdaily.com Where business clicks For more than a decade, the Rochester Business Journal has been a leader online, delivering information you won’t find in print. The new RBJdaily.com has taken another leap forward with features such as the Stock Research section, which contains: ■ Hard Numbers—Detailed quantitative information on any publicly traded stock, including latest stock price, trading volume, market capitalization, dividend rates, P/E ratio and more. ■ Charts—Interactive and comparative charts, plus Java charts, for up to 10 years. ■ Company News—The latest updates on individual public companies, plus industry sector and topic information. ■ Market Updates—Constantly updated market summaries, along with market mover lists sorted by volume and dollar and percentage change. ■ Watchlist and Web Portfolio—An editable watchlist of local stocks, plus the ability to create your own online portfolio. ■ Currencies—A wealth of foreign currency information with the latest values, a cross-rate table and interactive currency converter. And much more. Check out this section by going to RBJdaily.com and clicking on “Stock Research” under the Lists & Research menu. Get MORE R B J D A I L Y . C O M JANUARY 22, 2010 drifted into our airspace here.” Despite a bad fiscal year, RPO officials see the conditions as only a temporary interruption in pursuing long-term goals of raising the orchestra’s national and international stature. Suzanne Welch, RPO chairwoman, said the organization cut back in some areas but was careful to do nothing to detract from fulfilling its core mission or to jeopardize its future. “In a non-profit arts organization such as we, we are aiming at two targets—our overall mission to the community and the financial viability and stability of the organization,” Welch said. “We need to accomplish those two things at the same time. We’re not like a for-profit business that can only look at the bottom line; we have a larger mission than that.” The RPO was able to make progress in several ways last fiscal year, Owens said. The orchestra expanded its community engagement, participating in events such as a celebration of Martin Luther King Jr. Day at the Eastman Theatre. It also played host to its first summer season locally after spending the previous 19 years as an orchestra in residence at a festival in Vail, Colo. “We were making lemonade out of lemons of the situation of not returning to Vail, and that dovetailed with our other agenda to reinvent our summer season here,” Owens said. “This showed us that there is a market in the Rochester region for a full banquet of summer programming by the RPO.” The summer season turned out to be a larger success than Owens anticipated. Despite much of it taking place in a makeshift tent in a parking lot across from the Eastman Theatre during renovations, the season Anonymous donors have pledged $500,000 recently in an effort to spur $1 million in additional giving from the community. received corporate and government support beyond what Owens said was expected. For the year, corporate support was up 10 percent and government funding rose 17 percent. “Ironically, but very happily, the summer season led to year-over-year increases in corporate and government support,” Owens said. “The biggest year-over-year changes in there were the result of sponsorships and government support specifically to fund our first summer season here in years.” This was surprising to Owens and RPO officials, mainly because it had not had a summer season in Rochester for so long. Without the local summer season, corporate support likely would have declined, Owens said. The year did have other positive developments, Owens said. Subscription revenue increased 5 percent—although most of this occurred in the part of the year prior to the stock market’s precipitous decline. Ticket revenue grew 1 percent for philharmonics and 10 percent for the pops series. A small group of anonymous donors, inspired by the sacrifices of the RPO staff and musicians, pledged $500,000 in donations in the days before the annual meeting, orchestra officials said. Their gift is part of a challenge to raise $1 million from the community to support the organization. This year’s annual campaign is 3.5 percent ahead of last year’s at the same point, and roughly 250 more people have donated so far in the 2009-10 season than in 200809. The endowment has increased as well, rising 6 percent since September and 32 percent since its lowest point in February. [email protected] / 585-546-8303 SMALLBUSINESS PAGE 19 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL Deli feeds cravings for pepperoni, prosciutto Former mason opens eatery and market in the village of Victor By ANDREA DECKERT hen Dominic Calabrese used to drive from a masonry job in the Rochester area to his home in Farmington, he often thought about stopping for a sandwich when he reached the village of Victor. But he found such eateries limited there. So when the housing market took a nosedive, Calabrese seized the opportunity to launch Taste of Italy Market & Deli. The PROFILE 55-year-old opened the Taste of Italy 1 , 4 0 0 - s q u a r e - f o o t Market & Deli business on East Main Street in Victor last September. It is Calabrese’s first venture of this type. He spent roughly 30 years in the masonry business and was part-owner in a 500-seat Italian restaurant called Bruno’s in Canandaigua in the mid-1990s. That business has since closed. But Calabrese says Taste of Italy is something he has always wanted. “It’s a slower pace and more fun,” he says. “Plus it gives me more one-on-one time with the customers.” The business has been catching on, he says. “People are beginning to realize they can come here and don’t have to drive into the city for specialty Italian items.” Taste of Italy offers Italian meats and W Photo by Kimberly McKinzie Dominic Calabrese, with his mother, Ducky Calabrese, is optimistic about his deli and its future in Victor: “I think this place can be a tremendous success,” he says. cheeses, salads, olives, cookies and pastries. Popular entrees include cold cuts on a roll with chips and a drink, and a cup of homemade soup with a sandwich, both priced at roughly $5. Specialty sandwiches, including the Hot Italian, which features assorted cold cuts on grilled Italian bread, rotate daily and are popular with customers. The restaurant also features fresh bread, pastries and cannoli. Calabrese works with several local vendors, including Pittsford Farms Dairy and Petrillo’s Bakery on Lyell Avenue. The market sells the Cora brand of Italian and Mediterranean foods, from pastas and sauces to olives, pepperoncini and Tuscan peppers. Calabrese is the sole employee but does get some help from his parents. His mother, Ducky, helps prepare some of the food—including homemade Italian cookies sold by the pound—and his father, Ralph, runs errands and picks up produce. The deli serves breakfast, lunch and dinner. It is open from 7 a.m. to 7 p.m. Monday through Friday; 8 a.m. to 5 p.m. Saturday and 9 a.m. to 3 p.m. Sunday. Businesses can call and place orders for pickup, Calabrese says. The building has ample parking in the back, and Calabrese also likes the location because it is in an area of growth. Several businesses have opened recently, offering customers a variety of services. While Taste of Italy is still in its infancy, Calabrese already has expansion plans. He wants to add to the dinner menu, incorporating family-style Italian dinners that allow patrons to gather around the table and get a filling meal at a modest price. He also wants to expand the grocery section to include fresh fruits and vegetables like those sold from carts by merchants in Italy. In the warmer months, he plans to put a couple of cafe tables and chairs outside the shop with a bistro awning above. He also may offer deliveries to local businesses if there is a demand. Calabrese declines to disclose revenue for his business but says it is climbing toward a profit, despite a poor economy and a cold winter. “We’re catching on,” he says. “I think the place can be a tremendous success.” [email protected] / 585-546-8303 To receive maximum value from your sales meeting, put a lot into it lot of annual sales meetings were canceled last year, for a lot of different reasons. That does not seem to be happening this year. In spite of appearances, and despite warnings from people who have never had real jobs, executives have decided to put the incentive back into the selling process. Why? Easy answer: It works. An annual sales meeting is crucial to successful sales performance for the year. It’s a one-time opportunity to recognize past performance and inspire achievement for the next 12 months. It’s also an expensive endeavor. Making a sales meeting successful requires a lot of work months in advance. If you’re planning one, how will you take advantage of it? Here are some ideas and challenges to make you think and rethink the process. If you’re on the sales team and “not responsible” for the meeting, please copy this article and send it to the powers that be. Plan. Choose an environment for relaxed fun and learning—a resort or hotel with sporting options, nice sleeping rooms and nice meeting rooms. Question the expected participants. Ask them about problems and needs, about strengths and frustrations, about themselves and their goals. Use the questionnaires to personalize the training portions of the meeting. Budget. Be able to afford a nice place, transportation, lots of fun, great food, a first-class speaker-trainer, awards. And more fun. Seek professional help. Have people in charge inside or outside of your organization who can make the dream meeting a reality. Arm them with directives and objectives, a specifi c list of items that the A SALES MOVES Jeffrey Gitomer meeting must accomplish. Partner with a professional meeting planner. Note that I did not say hire a planner; to partner is to work with the planner. Create a realistic, relatable theme. Have an internal contest with a $1,000 prize for the winner. Start with a bang. Do group fun first: Play a round of golf. Have a big dinner. Show pictures of last year. Have a karaoke party, the best way for everyone to get to know one another. Make the welcome special. Have a short and sweet welcome from the CEO at the fi rst formal gathering, just 10 to 15 minutes. Have the boss tell a few personal stories about the climb up the ladder, express thanks for the group’s hard work. Spotlight one or two people. Have them tell the group how they made a big sale, saved a deal or used a new strategy. Thank everyone. Thank (and applaud) the people who made it happen. People love applause. Honor the best. The best salespeople deserve to receive awards from the CEO, the vice president of sales and the sales managers. Present high-quality plaques, trophies and prizes. Have several categories so there can be lots of winners: biggest sale, most new customers, highest volume, fewest lost customers, most improved, best accounts receivable collections, fewest returns or cancellations. Plan your future together. The next year must be a major focus of the meeting. Let the salespeople be part of the plan. Don’t just give them the game plan; let them help to make it. If you want salespeople to take ownership of sales goals, recognize that’s possible only when they participate in the goal-setting process. Set goals for everything. Let each team member agree to his or her goals and create a personal action plan to achieve them. Create daily, weekly and monthly numbers—not just final numbers, but what it takes to get to the goal. How many leads does it take to make one appointment, how many appointments to make a sale? There should be goals for leads and appointments as well as sales. Train professionally. Hire an outside professional to present to the group. Plan the training to be inspirational, customized, personalized and related to the real world, using that advance questionnaire to set the agenda. There should be workbooks, workshops, role playing and videotaping. The training should combine inspiration and motivation with actual selling situations and answers. Training should be at least 50 percent of the meeting time. Every participant should be personally energized and empowered to achieve his or her goals for the new year. And everyone should attend the training, from the CEO down (except those people who already know everything). A tactic for success: Management’s sales philosophy can be embraced and reinforced by the trainer as a third-party expert endorsing your company’s practices. In choosing speakers, meeting planners or companies often have a budget and look to “fill a slot.” This is a big mistake. If you seek to transfer knowledge, hire someone who is qualified to do so—and not just qualified on the subject but entertaining as well. Have a flexible budget. The speaker can be the highlight of the entire meeting and the independent emotional reinforcement of the conference theme or message. Eat like kings and queens. Have the best food that money can buy, even at breaks during the day. People will remember the quality of the meeting by the quality of the fun, training and food. Mostly the food. Have recreation time but not “get drunk and act stupid” time. Golf, tennis, side trips, dinners and entertainment are worthwhile. But having people stagger into information-packed conferences and seminars after a night on the town is a big waste of a meeting and defeats the purpose. Build relationships. Have “free time” when people can get to know each other. Network for answers. Salespeople face problems alone but can solve them together, with the help of a professional facilitator. Leave a few hours for problem solving, informal meeting and socializing time. Issue a final challenge. In 10 minutes of a prepared and memorized speech, the CEO should deliver an inspirational message that will keep the team talking and achieving for the next 12 months. Want first-class results from your annual sales meeting? Make the meeting first-class. Jeffrey Gitomer, president of BuyGitomer Inc. of Charlotte, N.C., gives seminars, runs annual sales meetings and conducts training programs on selling and customer service. PAGE 20 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM JANUARY 22, 2010 Nazareth College Arts Center… W I N T E R Charlie and the Chocolate Factory Jan. 16, 17, 23, 24 Band of the Irish Guards/ Royal Regiment of Scotland Rochester City Ballet in Peter and the Wolf 2 0 1 0 Jan. 29 Feb. 6 & 7 Thomas/Ortiz Dance Feb. 13 The Gizmo Guys Feb. 20 Natalie MacMaster and Donnell Leahy in Masters of the Fiddle Peter Pan Mar. 6 Mar. 13, 14, 20, 21 Moscow Festival Ballet in The Sleeping Beauty Mar. 26 Ed Asner as FDR Mar. 27 Moscow Festival Ballet in The Sleeping Beauty Call 585-389-2170 or visit www.naz.edu/artscenter/ time out ROCHESTER BUSINESS JOURNAL 01.22.10 PAGE 21 Little Bavaria Still saving up for that trip abroad? Taste a little of the old country closer to home during Bavarian Ski Day at Brantling Ski Slopes Jan. 24. The Sodus ski center will be filled with the music, food and drink of Bavaria; sausage, sauerkraut, German potatoes, German beer and wine are on the menu. Guests can tackle the slopes on skis and snowboards where exOlympian Diane RoffeSteinrotter once trained. For more information, visit brantling.com. “USA! USA!” The Moose, the Rochester Americans mascot, will greet young moviegoers before a screening of “Miracle” at the Little Theatre Jan. 30. The movie about the ragtag U.S. hockey team who won gold during the 1980 Winter Olympics in Lake Placid is being shown as part of the MVP Little Buddies Series. Show time is 10 a.m.; kids can meet the Moose at 9:30. Check out thelittle.org for more information. “Something’s coming” Webster Theatre Guild brings the Sharks and the Jets to town with a staging of the iconic “West Side Story.” Local actors will bring the classic musical alive at Webster Thomas High School. The Webster Theatre Guild began in 1936, two decades before “West Side Story” hit Broadway. The original 1957 production was based on the book by Arthur Laurents with music by Leonard Bernstein and lyrics by Stephen Sondheim. Jerome Robbins directed and choreographed. Show times are 7:30 p.m. Jan. 23, 29 and 30 and 1:30 p.m. Jan. 24 and 30. See webstertheatreguild.org for details and to buy tickets. Behind the script PIPA The CenterStage Reader Theatre Festival at the Jewish Community Center this year spotlights author and playwright Jeffrey Sweet. Two of his plays are being presented “script in hand,” and he will conduct a writing workshop for writers of all backgrounds and interests. Sweet’s “The Value of Names” kicked off the festival earlier this month. Next up is his “Court Martial VIRTUOSO Wu Man’s expert fingers have brought a 2,000-year-old instrument into the 21st century. A master of the pipa, a Chinese lute, the San Diego resident collaborates with Yo-Yo Ma (she is a core member of his Silk Road Ensemble), composer Philip Glass, the Kronos Quartet and other luminaries. Wu will headline the next World Music Series performance at the Eastman School of Music at 8 p.m. Jan. 22 in the intimate Kilbourn Hall. Ugandan James Makubuya and American Lee Knight will join her on the endongo, banjo and dulcimer. Visit esm.rochester.edu for details. THE ART OF THE KIMONO SNAKES, SLEDS AND SNOW The kimono, Japan’s traditional national dress, reached its artistic peak between the 1890s and 1950s, when advances in silk making and the influence of Western styles created an explosion of bold and vibrant designs. A traveling exhibition at the Memorial Art Gallery brings to Rochester the art of the kimono from that era. “Fashioning Kimono: Art Deco and Modernism in Japan” contains nearly 100 examples of the one-piece, front-wrap garment. Designs signal age, gender, status, occasion and season. On view will be embroidered ceremonial robes; a boy’s kimono stenciled with cars, airplanes and battleships; and colorful Art Deco patterns heralding the emergence of Japan’s “new woman.” The pieces in the show belong to the famed Montgomery Collection of Lugano, Switzerland. They represent the end of the kimono’s run as an Ganondagan State Historic Site opens a window to Native American life through events year-round. Next up is the Native American Winter Games & Sports celebration Feb. 6. Visitors to the annual event cheer on dogsled races, see how traditional maple sugaring is done and watch as Native artists make wooden toboggans by hand. Children are drawn to snow snake, a Native American winter game, below. Storytellers will weave tales by the fireside in the bark longhouse, and traditional food will be available for purchase. Snowshoers can don their gear and hit Ganondagan’s trails, or they can take part in a new event: the Seneca Snow Shoe Pro Run and Fun Run. Each version is a multisport snowshoe, archery and snow snake competition. The pro run, a timed competition for children, men and women, will be held from 10 a.m. to noon. Visit ganondagan.org to register; the deadline is Jan. 31. The untimed fun run will be held from noon to 2 p.m., and there’s no need to register ahead of time. Snowshoes will be available to rent. The day’s activities will be held from 10 a.m. to 4 p.m. For details and directions, visit ganondagan.org. everyday garment. After World War II, Western clothing became the norm, although kimonos remain common at formal events and are enjoying a fashion comeback these days. The show runs from Jan. 31 to April 4. A preview party will be held Jan. 30. Visit mag. rochester.edu for details on tickets and related events. at Fort Devens,” a true story about a group of black women in the Women’s Army Corps during World War II who were trained as medical technicians but relegated to mopping floors by a racist colonel. A reading of the play will be held at 2 p.m. Jan. 31. “Big Boys” by Rich Orloff, who wrote “Oy!” will be performed at 2 p.m. Feb. 21. The play is a comedy about unscrupulous corporate executives. A discussion will follow each of the performances; Sweet will take part in the talk following “The Value of Names.” He will also lead a writer’s workshop from noon to 5 p.m. Jan. 30. Open to writers from all backgrounds and interests, the workshop will focus on techniques used by stage and screen writers. A resident writer of Chicago’s Victory Gardens Theatre, Sweet has written plays that have been produced off-Broadway and around the world. He has written books on playwriting, “The Dramatist’s Toolkit” and “Solving Your Script,” as well as “Something Wonderful Right Away,” about the origins of the Second City Comedy Troupe. The Lists 2010 is here! Electronic and print versions available. Call 546-8303 x154 to order PAGE 22 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM JANUARY 22, 2010 Workplace use of social media has hazards for employers he use of social media has become prevalent in the workplace, and this presents both opportunities and challenges for employers, who are not always fully aware of the legal and business implications of using (or misusing) social media. “Social media” are Internet-based and created through social interaction, with individuals primarily producing (rather than only consuming) the content. Three types are relevant to the workplace: social networking Web sites, blogs and online multi-user virtual worlds. Employers can now get access to more information about job applicants by using social media than is typically available by using just an application form and resume drop. Applicants may reveal more about themselves in text and photos on social media, such as Facebook or Twitter, than they would in interviews. In making hiring decisions, employers can use information relating to an applicant’s illegal drug use, poor work ethic, poor writing or communication skills, attitudes about previous employers, and racist or discriminatory tendencies. However, employers may face liability under federal and state law for using any information learned from social media about an applicant’s status in a protected class—race, age, disability, religion, etc.—to make a hiring decision. And it may be hard for the employer to prove in later litigation that it didn’t use the information obtained in a social media search when making the employment decision. Allowing or encouraging employees to use social media in the workplace has potential benefits. The use of social media can create a more collegial atmosphere with less formal communication between co-workers, and learning personal information about co-workers through social T LAW Justin P. Doyle media can lead to shared experiences and stronger working relationships. On the other hand, employers can become involved in awkward and potentially harassing situations when such sites are used inappropriately. If a subordinate accepts a supervisor’s invitation to become a friend on a social networking site, the supervisor can see the subordinate’s other friends, photos, “wall” postings, social activities and other personal information (and vice versa), unless privacy settings are adopted. If the subordinate doesn’t accept the invitation, he or she may be concerned that the supervisor will be offended. Either way, the relationship of supervisor and subordinate is changed, and in extreme cases, misuse of such sites can lead to claims of co-worker or supervisor sexual harassment or a hostile work environment. The most obvious hazard in allowing or encouraging the use of social media in the workplace is that employees can spend so much time on it that efficiency and productivity fall. But the biggest risks involve misuse. For example, employees can: ■ abuse access to inside information, disclosing the employer’s confidential or proprietary information or trade secrets via social media, especially anonymously; ■ misuse social media in a way that leads to corporate embarrassment and public relations problems; ■ post comments or photos that disparage the employer or its customers, thus harming the employer’s brand or image; and ■ blog or comment on confidential information about mass layoffs. For some professions, industries or positions, the use of social media may be appropriate or beneficial for business development purposes—for salespeople making and maintaining contacts, for example. For others, an outright ban may be appropriate because the work force simply has no business reason to use social media while at work or while using the company facilities or equipment. At a minimum, employers should insert broad language encompassing social networking sites, blogs and virtual worlds into their codes of conduct and policies on information technology, harassment and confidentiality. These features constitute a comprehensive social media policy: ■ A clear statement that misuse of social media can be grounds for discipline, up to and including termination. ■ A prohibition on disclosing the employer’s trade secrets or confi dential or proprietary information. ■ A request that employees not mention the company in posts, except for business purposes, and keep company logos or trademarks off their blogs and personal Web pages and profiles (as well as a prohibition of photos of employees in uniform, unless for business purposes). ■ An instruction that employees not post or blog during business hours, unless for business purposes. ■ A request that employees bring workrelated complaints to human resources before blogging or posting about such complaints. ■ A prohibition against using company e-mail addresses to register for social media sites. ■ A prohibition on posting false information about the company or its employees, customers or affiliates. ■ A general instruction that employees use good judgment and take personal and professional responsibility for what they publish, think before hitting “comment,” and avoid discussion of controversial topics online. ■ A demand that all employees whose personal blogs identify their employer include a disclaimer that the views expressed on the blog are those of the individual and not the employer. Concerns about social media even creep into the post-employment relationship between the employer and worker. Supervisors and co-workers increasingly are asked to “recommend” former employees on LinkedIn after separation from employment. A positive recommendation on a person’s LinkedIn page is the same as an employment reference and should uniformly be treated as such under the employer’s policy on post-employment references. Employers also might consider prohibiting managers from recommending or commenting on the job performance of former employees via social media without specific prior authorization from the human resources department. It is an evolving challenge for businesses to understand the issues surrounding social media in the workplace, to craft policies and procedures consistent with their industry and firm cultures, and to apply these policies consistently and without discrimination. Justin P. Doyle is with Nixon Peabody LLP. His colleague Renee M. Jackson assisted with this article. You can’t not root for the Saints finally making it to the Super Bowl hen you’ve been writing about sports for … well, let’s just say quite a few years, it’s pretty obvious that you are something of a sports fan. At a certain point, though, you use up most of the adrenalin that sports once produced, and covering games becomes a job. A fun job, but a job nonetheless. I’m not a sports addict, mind you, or even a nut—just a fan. By July some years, I have to think for a minute to remember which teams played in the Super Bowl six months earlier. I don’t lose any sleep over who wins or loses a big game, or even a little game. I don’t watch football just because it’s football. Or for that matter, any sport—not even golf. I have to care, be interested or at least curious. I have never bought memorabilia from any team—not a cap, a jersey, nothing. I have never painted my face or taped my ankles on game day. See, in the grand scheme of things, sports don’t really mean that much. They’re entertainment, a distraction from everyday life, but certainly not life or death—no matter what the late Vince Lombardi said. Well, dear reader, my ho-hum yawning is over. My casual approach is about to change: At exactly 6:30 p.m. Sunday, the channel surfing ends. As you all know, that’s when the New Orleans Saints play the Minnesota Vikings in the NFC Championship Game at the Superdome. I’m not a nervous wreck (yet), but I probably will be. Yes, I choked up more than once last Saturday. As I wrote in October, these Saints are the best thing to happen to the Big Easy since 2005, as the city continues W ON SPORTS Rick Woodson to recover from the destruction of Hurricane Katrina. Yeah, the Saints also made it to the NFC Championship Game three years ago, but they lost to the Bears in Chicago, 39-14, and didn’t get back to the playoffs again until this season. I can’t remember being more emotionally invested in a football team or a game than I was last Saturday when the Saints played Arizona. Nwa’lins—that’s New Orleans for “New Orleans”—fell behind Arizona 7-0 in the first 19 seconds of the game, then came back to pluck the Cardinals clean, 45-14. I came close to tears when the Saints opened the 2006 season in the Superdome, playing their first home game since 2004 because the stadium had been heavily damaged by Katrina. Beating red-hot Arizona, though, meant even more. When the Saints lost their fi nal three regular-season games, partly because head coach Sean Payton was resting some starters, a few people thought the “Aints” were back. There were those who figured the Saints didn’t have the resilience to blow away the blahs and be the same team that had won its first 13 games. But they were wrong, and on Sunday the Vikings and Brett Favre had better bring the A-game they showed last weekend when they routed Dallas, 34-3. Earplugs are not a bad idea, either, because the Superdome will be rockin’ and rollin’. Earlier this week, Jason Gay of the Wall Street Journal asked the question, “May I root against the New Orleans Saints?” He quickly answered, “No, you may not.” How could anyone who doesn’t live in Minnesota or isn’t related to Favre, the Vikings’ quarterback, not root for the Saints? They’ve never been to a Super Bowl without tickets, so obviously they could make history Sunday. In Gay’s article he also wrote that if sportscaster Dick Enberg were calling Sunday’s game, he would need “a trailer truck of Kleenex.” Well, so will I. Who knows, I might even paint a gold fleur de lis on my forehead. ______________________________ Meanwhile, back in the not-so-pleasant real world, the Buffalo Bills fi nally found somebody who is willing to coach the team, Chan Gailey. It seems many Bills fans are not happy with the choice, despite Gailey’s impressive record as an assistant coach and offensive coordinator. He has coached in four Super Bowls, and the teams he was with made the playoffs in 11 of 15 seasons. Apparently, the problem is that he doesn’t walk on water because his name isn’t Bill Cowher. Buffalo fans wanted a big-name coach, a la Cowher, and all of the big names said no. So what was owner Ralph Wilson supposed to do, cancel next season? I say give the guy a chance. It’s a great opportunity for Gailey because he has nothing to lose. The Bills have been lousy of late, and like any other coach, he needs talented players. He also must have the wherewithal to make sure his offense and defense fit the players, rather than trying to do the opposite. So, Ralph, now that you’ve found a coach, unlock the safe and go get some players who can deliver. Hopefully, general manager Buddy Nix and his staff can fi nd players who can do more than just walk and chew gum at the same time. Rick Woodson’s column appears each Thursday on the Rochester Business Journal Web site at www.rbjdaily.com. His book, “Words of Woodson,” is available at www. authorhouse.com/bookstore. Listen to his weekly program, “The Golf Tee,” at 9 a.m. Sunday on WHTK-AM 1280 and FM 107.3. Seeking non-profits The Rochester Business Journal profiles non-profit organizations in human services, the arts and culture, environmental protection and other fields whose work benefits the Rochester area. If you would like to suggest an organization to be featured in the Non-Profit Report, please call Jim Leunk at 546-8303, ext. 116, or e-mail [email protected]. Suggestions from employees or supporters of particular non-profit groups are welcome. If your organization has never been profi led in the Non-Profi t Report, or if you believe it has been more than two years since the last report, we invite you to contact us. JANUARY 22, 2010 SPECIALREPORT Education/Professional Development MULLING OPTIONS BY MIKE COSTANZA Unemployment has forced many to consider switching careers or to wait patiently for new jobs. Story begins on page 24 Cover design by Melanie A. Watson ROCHESTER BUSINESS JOURNAL / SPECIALREPORT PAGE 24 JANUARY 22, 2010 Job loss opens door to new opportunities, challenges Unemployed execs endure long wait to employment, consider new careers By MIKE COSTANZA olland Hofma Brown was devastated when she was laid off from her position as vice president of Internet panel management at Harris Interactive Inc. in early 2008. “Nobody likes to be told that they’re not important to the company that they’re working for,” says Hofma, whose husband is from the Netherlands. (She follows that country’s tradition by placing his name before her own.) When the blow fell, Hofma was helping to operate A Matter of Taste, a catering business she had started with her husband in 2007. She initially considered continuing her 16-year career in market research. “If I’d been willing to move, I would’ve been able to get a job pretty quickly,” she says. Instead, she got more deeply involved in the catering business. Hofma is not alone. Many in the Rochester area have had to face job loss, consider switching careers and endure the long wait to find employment since the economy went into a downward slide more than a year ago. “We continue to see more job seekers than job openings,” says Tammy Marino, Rochester-based associate economist for the state Department of Labor. As of November, 40,700 people were unemployed in the fi ve-county Roches- H Photo by Kimberly McKinzie Mark Gartland, who had been toying with the idea of writing and illustrating his own comic book, began taking online courses in graphic design after he was downsized from his job at Harris Corp.’s RF Communications unit last June. ter metropolitan statistical area—up from 2008’s high of 31,900. Marino does not expect the picture to improve significantly anytime soon. “It will probably be the last quarter of 2010 before we see signifi cant improvements in employment numbers,” she says. Career counselors say professionals must know their own assets, research job markets, work hard to develop contacts within companies and industries, and above all remain flexible to find new jobs—or new careers. Tough time Often a worker is hit hard by a layoff and goes through denial, anger, depression and the other natural stages of grief while confronting the loss of work—and, more importantly, the loss of self-image as a jobholder, experts say. “The loss of the job is huge, akin to the loss of a family member,” says Hannah Mor- I WONDERED IF I WAS READY FOR THIS. NOW I DON’T WONDER IF I’M READY FOR ANYTHING. gan, project coordinator for Career Navigator, a program for professionals who are seeking work at RochesterWorks. “Sometimes, people get stuck in one of those phases, and that’s really where the problem lies with them personally moving forward.” Lana Barron and her family have had a hard time since her position as an associate dean was eliminated last July at the Rochester Economic Opportunity Center of the SUNY College at Brockport. “It really affected my income,” says Barron, who is collecting unemployment benefits while she hunts for work. “We’re struggling right now.” The cost of health insurance constitutes the biggest financial burden resulting from the loss. To get through job loss, career counselors say, individuals must remember that job skills are transferable. “Your transferable skills could be things like working with people, working with data, working with things, or working with ideas,” says Joe Gorman, a senior career counselor for Career Development Services, which provides outplacement and career development services for companies and individuals. Those skills are what workers can present to potential employers. After Mark Gartland was downsized from his job at Harris Corp.’s RF Communications unit last June, the 46-year-old software engineer re-examined a long-held dream. Gartland, who had been toying with the idea of writing and illustrating his own comic book, began taking online courses with a goal of becoming a graphic designer. “In addition to this graphic design work that I’m learning and practicing, I also have Continued on page 27 Natasha Thompson calls Simon’s Executive MBA program “rigorous and competitive”. She also says it’s the reason she’s now President and CEO of FoodBank of the Southern Tier, where she is fulfilling her dream of feeding thousands of people who are in need. For the rest of Natasha’s story, go to www.simon.rochester.edu/natasha. Attend an Executive Experience with faculty, staff, alumni and current students on one of Natasha Thompson, President & CEO, Foodbank of the Southern Tier Simon Executive MBA, 2009 the following dates: Friday, February 5, 2010 Saturday, March 6, 2010 For more information please contact us at (585) 275-3439 or [email protected] An MBA rigorous enough to change you. ROCHESTER BUSINESS JOURNAL / SPECIALREPORT JANUARY 22, 2010 PAGE 25 Learning workplaces remain vital, empower staff Ongoing professional development offers competitive edge, expert Peter Senge says By DEBBIE WALTZER ontinuous learning and professional development is essential to the staff at Partners + Napier Inc. It is “as important as breathing,” says Jeffery Gabel, chief creative officer of the marketing communications firm. “In our field, good creatives are innately curious and always want to learn because such an approach helps you continuously to improve your work.” Partners + Napier has offices in Rochester and Atlanta, employs 127 people and reported $16.2 million in revenue for 2009. Its clients include Eastman Kodak Co., Bausch & Lomb Inc. and Constellation Brands Inc. To promote development in the workplace and foster learning, Partners + Napier supports several initiatives at the agency, including a companywide program called Partners U., which brings in experts on a regular basis to speak about new trends and technologies in communications. Partners + Napier is among other employers here and nationwide that champion the idea of organizational evolution by sharing knowledge. “A learning organization is just about continuous learning. It’s not a buzzword, just a straightforward concept,” says national expert Peter Senge, who pioneered the learning organization concept. Senge in 1990 published his bestselling text, “The Fifth Discipline,” which illustrated how learning organizations valued continuing education and derived considerable competitive advantage from that. The book described how companies such as Ford Motor Co., FedEx Corp. and Intel Corp. embraced the strategy. More recently, Senge, senior lecturer at the Center for Organizational Learning at Massachusetts Institute of Technology’s Sloan School of Management, has led the Society for Organizational Learning. The organization is devoted to “the interdependent development of people and their institutions in service of inspired perfor- C mance and meaningful results.” The society, with roughly 80 member organizations, works on “system-change projects with an emphasis on maximizing global food systems,” Senge says. Systems thinking, he says, is a way for people to “segue from managing little bits and pieces to realizing that the way in which an entire organization functions as a whole will really determine success.” To accomplish such tasks, Senge says, it is critical for all members of an organization to passionately support its ultimate goals. “People always want to work within groups and networks where the work is ex- citing and where people truly trust one another and care about each other,” he says. “It’s important for all of us to feel that our uniqueness is not compromised.” At Partners + Napier, employees attend professional development seminars and conferences related to their particular fields of expertise, such as an art director’s training camp. Upon returning from such an experience, an attendee is expected to make a onehour synopsis presentation to colleagues. “That way, the whole organization ends up feeling like they attended the conference,” Gabel notes. Agency staffers assigned to new projects have opportunities to delve into their clients’ business environments by going on sales calls, touring factories and sharing books on the client’s particular industry. DISCOVER YOUR POTENTIAL. The next chapter in your career starts at St. John Fisher College. Come to one of our information sessions to learn how our doctoral and master’s programs can give you the advantage you need in today’s working environment. “That’s part of the joy of the job,” says Gabel, noting that his own professional development has been broadened by being immersed in the nuances of the health care, motion picture and packaging industries, among others. “I don’t think we’re ever done learning,” he says. “The end result of such continuous professional development—and sharing that knowledge internally with colleagues—is that it’s empowering and gives a sense of individual accomplishment, while helping to make the creative product better, which is the ultimate goal.” Clark Patterson Lee, a locally based architectural and engineering firm, similarly embraces a corporate philosophy of supporting continuous professional development, says Continued on page 27 Ed.D. IN EXECUTIVE LEADERSHIP INFORMATION SESSION Faculty and candidates will be available at our information session to ǡ ǡƤ experiences, dissertation requirements, and learning outcomes. Wednesday, January 27, 2010, 5:30 p.m. ơ St. John Fisher College GRADUATE PROGRAM INFORMATION SESSION MBA MS in Advanced Practice Nursing MS in Adolescence Education/Special Education MS in Childhood Education/Special Education MS in Educational Leadership MS in International Studies MS in Literacy Education MS in Math/Science/Technology Education MS in Mental Health Counseling MS in Organizational Learning and Human Resource Development MS in Special Education Doctor of Nursing Practice Wednesday, January 27, 2010, 5:00 p.m. Joseph S. Skalny Welcome Center St. John Fisher College +0:*6=,9;/,>693+>0;/05 Photo by Kimberly McKinzie An environment that supports and celebrates continuous learning “is part of what makes for a respectful work culture,” says Todd Liebert, president at Clark Patterson Lee. To register for these events or to apply online, visit our website at www.sjfc.edu/graduate. ǡ ƥ Admissions at (585) 385-8161 or email [email protected]. ROCHESTER BUSINESS JOURNAL / SPECIALREPORT PAGE 26 JANUARY 22, 2010 Memo from self-aware boss: ‘I am going to improve’ osses are quick to want others to improve but slow to spend education and professional development dollars on their own growth and development. That doesn’t make sense. Like everyone else, bosses can choke progress and contribute to problems. Just like others, they have attitudes and behaviors that could improve with scrutiny and feedback. In most organizations, the owner or key leader is highly influential. How the boss behaves, interacts and decides affects the fate and functioning of all employees. A small upward shift in a leader’s insight and maturity pays companywide dividends. If you are a boss, what would stop you from writing the following memo to your staff? Dear managers and staff: In the past few years, I have used busyness as an excuse to avoid something that is absolutely essential to the future of our company, namely, my own growth as a leader. The fact that I have neglected to sharpen my own ax is embarrassing for me to admit, since, as you know, I am a big advocate for anything that can help our company get better. My need for improvement is something I have become aware of gradually, as I have assessed the progress of the company. While we are a successful firm employing good and talented people, we also have shortcomings: ■ Our customers like us but are not raving about us. ■ Our culture is productive but not very innovative. ■ We are good solvers and fixers, but many of these problems could be prevented. ■ We talk about the importance of rela- B LEADERSHIP John Engels tionships, but we chronically put projects ahead of people development. ■ Our people—including me and the rest of the management team—get along and communicate, but we are not as candid and courageous as I want us to be. I believe these issues have a big effect on both our profitability and our reputation. I have decided the main reason for our mediocrity has been my own unwillingness to change and grow. (I know some of you are now thinking I am on drugs, but please read on.) I believe I have contributed to holding us back by: ■ thinking I should have all the answers and acting as if I always know what I’m talking about; ■ being afraid of being disliked—for example, failing to give important yet difficult performance feedback and, worse yet, refusing to fire chronic underperformers; ■ doing too much that others should be doing; ■ spending almost no time mentoring others to become better leaders; and ■ spending almost no time thinking about the future of our company and my own destiny. It’s time for me to do something about my own mediocrity. 52%(576 0\'HJUHHRI'LIIHUHQFH ,··P ,·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or the next few years, I will be engaging in a multifaceted personal and professional development process. I say “next few years” because much of what I will be working on involves incremental change as opposed to a quick fix. I will concentrate on five specific improvements. First, I intend to learn more about myself. I will start by identifying the values and beliefs that are most important to me in both work and personal dimensions of my life. I will clarify my expectations of myself as a spouse, parent, child, sibling, friend and leader. And I will make a list, “Aspects of Life and Work I Am Ignorant About.” Second, I want to learn more about my managers and allow them to hear what I’m really thinking. It has become strikingly clear that my conversations with those who report to me are almost exclusively transactional and project-based. I will work to broaden my comfort zone to include more informal exchanges. Also, I will deliver difficult messages in a more straightforward way to low-performing employees. Third, I will gradually reduce my involvement in decisions that belong to others. I will make a concerted effort to communicate more clearly who is responsible for which decisions, and I will allow those responsible to operate without my interference. Fourth, through more effective mentoring and coaching, I will provide greater value to my key managers than I have in the past. To help me figure out how to improve in this area, I will be retaining the services of an experienced, outside coach. Fifth, I will be tapping into your ideas about what it takes for us to be a truly great company. I will accomplish this by instituting monthly “great ideas sessions” where practical improvement ideas will be generated, considered and rewarded. I will also expect my managers to become better mentors to their direct reports, which includes soliciting great ideas from their people on a regular basis. I gave much thought before deciding to send this memo to you. In sending it, I am holding myself accountable. I realize that if I publish my intentions and don’t follow up, I will rightfully be branded insincere. That is a powerful motivator! I hope the coming months and years will make my commitment clear. If you see me operating in a way that you believe is detrimental to the company, I am hereby giving you full permission to let me know about this via e-mail, by telephone or face to face. Thanks for being part of a good company that I believe can be a great company. I will be doing more about my own selfimprovement, and I will be expecting you to do the same. But it will start with me. Sincerely yours, (Name of boss) Some bosses will adapt the above memo and send it out soon; many will not. For those in the “will not send” camp, pick from the memo one or two changes you would genuinely like to make in your leadership. Follow through on these improvements without telling anyone, and see what happens. John Engels is the founder of the Advanced Leadership Course and president of Leadership Coaching Inc., a Rochester executive development fi rm. He can be reached at [email protected]. ÊÊÊÊÞÊi}Àii° ÞÊ7>Þ°Ê >i\Ê>> i}Àii\Ê°°Ê}à ÊÌiÀ>ÌÕÀi *iÀÃ>âi`ÊVÕÀÀVÕÕ\Êxä¯ÊiÌiÊ ÃÌÕ`ÞÆÊxä¯ÊiÊÃÌÕ`Þ /À>ÃviÀÀi`ÊVÀi`Ì\Ênx ÌÊ«ÀiÊ-Ì>ÌiÊ i}i]ÊÞÕÊ >ÛiÊÌ iÊ«ÜiÀÊÌÊà >«iÊÞÕÀÊi`ÕV>ÌÊ>`ÊÞÕÀ ÃV i`Õi°ÊÊÃÊ>Ê>ÌiÀ>ÌÛiÊÌÊV>ÃÃÀÊi>À}]ÊÞÕÊV ÃiÊ ÜÊ>`ÊÜ iÀiÊÞÕ ÃÌÕ`ÞÊÜÌ ÊyÊiÝLiÊ«ÌÃÊÃÕV Ê>ÃÊ`i«i`iÌÊÃÌÕ`Þ]ÊiÊVÕÀÃiÃ]ÊÃÌÕ`ÞÊ}ÀÕ«Ã >`ÊÀiÃ`iViðÊ9Õ½ÊLiiwÊÌÊvÀÊÛ>Õ>LiÊiÌiÊÌiÊÜÌ ÊÞÕÀÊv>VÕÌÞ iÌÀ]ÊÜ ÊÜÊ>`ÛÃiÊ>`Ê}Õ`iÊÞÕÊÌÊ`i}ÀiiÊV«iÌ°Ê9ÕÊ>ÃÊ>ÞÊi>À VÀi`ÌÊvÀÊVi}iiÛiÊi>À}Ê}>i`ÊvÀÊÜÀÊ>`ÊviÊiÝ«iÀiVi° ̽ÃÊÞÕÀÊV Vi°Ê̽ÃÊÞÕÀÊ`i}Àii° 1`iÀ}À>`Õ>Ìi vÀ>ÌÊ-iÃÃà >ÞÊ>`Ê-i«ÌiLiÀÊ/iÀà ,V iÃÌiÀ £{ÇxÊ7ÌÊ,>`Ê ÀÌ ÊÕÃiÊÀi>ÀÊiÌÀ>Vi® 7i`°]Ê>°ÊÓÇ]ÊÇÊ«°° 7i`°]ÊiL°Ê£ä]ÊÈÊ«°° À°]ÊiL°Ê£]Ê 9LVLWZZZUREHUWVHGXLQIRPHHWLQJV ÀÊÀiÊvÀ>ÌÊ>`ÊÌ iÀÊV>ÌÃ] V>ÊnÇÇÊÎÇÓÈÇxä° 6ÃÌÊÕÃÊ>ÌÊÜÜÜ°iÃV°i`Õ JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL / SPECIALREPORT PAGE 27 JOB LOSS Continued from page 24 all this background in software, which is directly applicable to the coding aspect of developing Web sites,” he says. Changes in the economy and the job market also have left Gartland thinking that he might not be able to plan on having a traditional retirement, making his choice of a new career even more important. “If I accept the fact that I’m going to have to work until I die, then it behooves me to find a job that I’ll really love,” Gartland says. Making choices Some people might have to look a little harder to find places where they could put their talents to use. Through tests offered by Career Development Services, Hofma was able to determine more clearly where her interests lay. “The results ended up coming with careers that were very creative in nature,” she says. “You would use your hands to create something.” Says Morgan, “You can’t figure out how you’re going to market yourself until you identify your target audience.” Career counseling organizations like RochesterWorks and Career Development Services provide a variety of information sources on industries and companies. “We also kind of shift them into careers that will be growing,” Gorman says of Career Development Services. He notes that occupations related to green technologies are seeing growth. Manufacturing, on the other hand, has not been hiring much, observes Richard Smith. “I have been in the entire spectrum of manufacturing, from supplier quality, through manufacturing locations, through bringing new products to market,” says Smith, who was laid off last March from his position as a senior customer quality engineer for Nukote International Inc. The 64-year-old hopes to bring the skills he gained through years of helping businesses improve their processes to another fi eld—health care. At the moment, he is getting by on Social Security and unemployment benefits while looking for a job. Health care institutions “really need to revamp the way they do things, to reduce errors and to make their processes more efficient,” Smith says. “In the center of that effort is exactly what I have been doing in LEARNING Continued from page 25 Todd Liebert, company president. “We’re very supportive of our staff at all levels of learning, from providing a mentoring program to our young architects and engineers to financially supporting continuing education requirements for our staff via lunch-and-learn seminars and professional conferences,” says Liebert, whose firm has offices throughout New York as well as in Georgia and the Carolinas. The company’s approach is vital in a field that is constantly changing, often as a response to climate changes and catastrophic events, such as the terrorist attacks of Sept. 11, 2001, or Hurricane Katrina. In addition, Clark Patterson—which provides design services for health care institutions as well as public school districts— takes advantage of professional conferences offered by industry organizations such as the Center for Health Design, which maps out the hospital of the future and other institutions that provide long-term health care. Photo by Kimberly McKinzie “The loss of the job is huge, akin to the loss of a family member,” says Hannah Morgan, project coordinator for Career Navigator, a program at RochesterWorks. the manufacturing world.” Employment statistics provide some support for Smith’s choice. According to Marino of the state Labor Department, employment in the fi elds of education and health care is at an all-time high in the Rochester area. At the same time, Gorman cautions that generally just one choice of field or position will not do. “A lot of the time, people today, right from the beginning of their search, will be on two or three possible job alternatives,” he explains. If the market isn’t good for their first choice, “they’re going to concentrate on the second one, or the offshoot.” ness networking for employed and unemployed professionals and businesspeople. “You can pursue gathering information and learn about a company, so you can apply from an educated perspective,” he says. Smith also gets to practice his job pitches and gain feedback. “It is an opportunity to give the ‘elevator speech’ to 35 people in a room,” he says. Those in the Career Navigator program at RochesterWorks are encouraged to form “search teams” with classmates that meet for two hours a week after the program ends. Members are encouraged to politely and respectfully monitor each other’s prog- ress toward employment goals and hold each other accountable for progress. “They also get feedback, ideas and suggestions from their team,” Morgan says. Despite all that they do, many people looking for professional positions may find the process arduous. “In the current marketplace, it’s not unusual to be out (of work for) nine months to 12 months,” Gorman says. As the weeks pass, the need for a job— and the sense of pride it can bring—become stronger. “I’m not getting the response for interviews that I would like,” Barron says. “I have not felt very hopeful.” Concerned about her future when her unemployment insurance runs out at the end of March, Barron is looking beyond higher education. The idea of managing a municipal emergency communications center appeals to her. Unfortunately, Barron has not found the training she would need to qualify for that kind of position. Gorman says people forced by financial need to take jobs they dislike should view that as a temporary measure, if possible. Their old jobs might reappear in the future, or they might be able to obtain training for more desirable positions. For Hofma, being her own boss at her catering business is gratifying. Her husband, Arend Jaap Hofma, does the cooking, she does the baking, and they have part-time staff members on call. The business has grown, she says. Hofma credits her layoff for giving her the push toward the work she had desired all along. “I never in my life would’ve walked away from a good-paying job. It would’ve scared me to death,” she says. “This kind of forced my hand.” Mike Costanza is a Rochester-area freelance writer. Tapping resources Once job seekers select an industry, they can turn to several sources of information on companies and available positions to refine the search. Gorman suggests four— the Internet, employment agencies, direct contact with companies and networking. “Networking is by far the most likely way you’re going to find work,” he says. Networking often can give a job seeker access to employment contacts and information and support. Smith regularly attends meetings of the August Group, a volunteer organization committed to facilitating career and busi“Building materials and codes change every day—with new products on the market such as a soy-based spray product that serves as an insulator—and it’s our responsibility as professionals to constantly stay up on these developments and share this information with our clients,” Liebert says. An environment that supports and celebrates continuous learning “is part of what makes for a respectful work culture,” he adds, noting that staff members recently spent hundreds of hours training to use a new three-dimensional, computer-aided design system. “Continuing education and professional development within an organization is critical,” Liebert asserts. “You just cannot be a qualified professional without it.” Consultant Senge says a learning organization is one in which people get better at what they do and accomplish what they want to do. “When all team members have a shared vision, then anything is possible,” he says. Debbie Waltzer is a Rochester-area freelance writer. Do something that matters. MASTER’S AND CERTIFICATION PROGRAMS AT NAZARETH FOR HEALTH AND HUMAN SERVICES PROFESSIONALS s#REATIVE!RTS 4HERAPY !RT-USIC s0HYSICAL 4HERAPY FOR EDUCATORS s!RT"USINESS AND-ARKETING %DUCATIONAL 4ECHNOLOGY ,ITERACY AND-USIC %DUCATION s%ARLY #HILDHOOD #HILDHOODAND !DOLESCENT %DUCATION FOR TEAM LEADERS s4%3/, 4%3/,FOR )NTERNATIONAL %DUCATORS s-ANAGEMENT s(UMAN 2ESOURCE -ANAGEMENT FOR WORLD CITIZENS s,IBERAL3TUDIES s3OCIAL7ORK s3PEECH ,ANGUAGE 0ATHOLOGY ››› Go to www.naz.edu/gradstudies or call (585) 389-2050 to learn more. MARKETWATCH PAGE 28 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL PORTFOLIO LOCAL STOCK PERFORMANCE COMPANY (EXCHANGE) PERCENT NET CLOSING CLOSING CHANGE CHANGE IN IN PRICE PRICE 01/18/10 01/11/10 PERIOD PERIOD AT&T Inc. (NY-T) Bank of America Corp. (NY-BAC) Biophan Technologies Inc. (OTCBB-BIPH) Bon-Ton Stores Inc. (NAS-BONT) CVS Caremark Corp. (NY-CVS) Ciber Inc. (NY-CBR) Citigroup Inc. (NY-C) Constellation Brands Inc. Class A (NY-STZ) Constellation Brands Inc. Class B (NY-STZB) Constellation Energy Group Inc. (NY-CEG) The Cooper Cos. Inc. (NY-COO) Corning Inc. (NY-GLW) Danaher Corp. (NY-DHR) Document Security Systems Inc. (AMEX-DMC) Dr Pepper Snapple Group Inc. (NY-DPS)3 Eastman Kodak Co. (NY-EK) EnPro Industries Inc. (NY-NPO) Exxon Mobil Corp. (NY-XOM) Fairport Savings Bank (OTCBB-FSBC) Financial Institutions Inc. (NAS-FISI) First Niagara Financial Group Inc. (NAS-FNFG) Frontier Communication Corp. (NY-FTR)4 Gannett Co. Inc. (NY-GCI) GateHouse Media Inc. (OTCBB-GHSE) Genesee & Wyoming Inc. (NY-GWR) Global Crossing Ltd. (NAS-GLBC) Graham Corp. (AMEX-GHM) HSBC Holdings PLC (NY-HBC) Harris Corp. (NY-HRS) Harris Interactive Inc. (NAS-HPOL) Hartmarx Corp. (OTCBB-HTMXQ) Hewlett-Packard Co. (NY-HPQ) Home Properties Inc. (NY-HME) IBM Corp. (NY-IBM) IEC Electronics Corp. (AMEX-IEC) ITT Corp. (NY-ITT) J.C. Penney Co. Inc. (NY-JCP) JPMorgan Chase & Co. (NY-JPM) Johnson & Johnson (NY-JNJ) Kohl's Corp. (NY-KSS) Kraft Foods Inc. (NY-KFT) M&T Bank Corp. (NY-MTB) Macy's Inc. (NY-M) Monro Muffler Brake Inc. (NAS-MNRO) NaturalNano Inc. (OTCBB-NNAN) Newell Rubbermaid Inc. (NY-NWL) Nortel Networks Corp. (OTCBB-NRTLQ) Pactiv Corp. (NY-PTV) Paetec Holding Corp. (NAS-PAET) Parker Hannifin Corp. (NY-PH) Paychex Inc. (NAS-PAYX) Performance Technologies Inc. (NAS-PTIX) Robbins & Myers Inc. (NY-RBN) Rural/Metro Corp. (NAS-RURL) SPX Corp. (NY-SPW) Sears Holding Corp. (NAS-SHLD) Seneca Foods Corp. Class A (NAS-SENEA) Seneca Foods Corp. Class B (NAS-SENEB) Stantec Inc. (NY-STN) Staples Inc. (NAS-SPLS) Stewart Information Services Corp. (NY-STC) Target Corp. (NY-TGT) Thermo Fisher Scientific Inc. (NY-TMO) Thomson Reuters Corp. (NY-TRI) Time Warner Cable Inc. (NY-TWC) Tompkins Financial Corp. (AMEX-TMP) Torvec Inc. (OTCBB-TOVC) Transcat Inc. (NAS-TRNS) Tyco International Ltd. (NY-TYC) Ultralife Corp. (NAS-ULBI) United Technologies Corp. (NY-UTX) Veramark Technologies Inc. (OTCBB-VERA) Verizon Communications Inc. (NY-VZ) VirtualScopics Inc. (NAS-VSCP) Vuzix (CVE-VZX) Wal-Mart Stores Inc. (NY-WMT) WindTamer Corp. (OTCBB-WNDT) Xerox Corp. (NY-XRX) Zapata Corp. (NY-HRG) 1 25.79 16.26 0.01 9.55 33.91 3.62 3.42 16.41 16.15 34.45 37.69 19.66 76.21 3.05 28.44 4.99 25.99 69.11 9.00 11.49 14.32 7.49 16.10 0.21 30.90 14.27 19.65 57.55 48.00 1.45 0.01 52.47 45.45 131.78 4.31 51.42 25.88 43.68 64.56 51.51 29.58 73.16 16.55 33.31 0.02 14.91 0.04 24.32 4.24 58.56 30.67 2.97 25.14 5.93 60.69 102.37 24.29 24.75 28.66 25.11 10.80 50.17 47.75 33.51 46.04 39.69 26.97 16.93 0.01 11.10 33.93 3.60 3.63 15.69 15.80 34.71 38.00 20.49 77.75 2.68 28.68 4.53 26.66 70.30 9.95 11.13 14.03 7.66 17.25 0.20 32.34 14.57 20.21 59.04 49.26 1.27 0.01 52.43 45.83 129.48 4.74 50.80 26.33 44.53 64.22 52.75 28.80 73.14 16.62 33.25 0.02 15.60 0.04 24.45 4.02 57.82 31.75 2.73 26.45 6.30 61.86 99.44 23.30 24.36 28.44 25.45 11.15 50.18 49.50 33.48 42.12 39.25 0.50 6.80 37.54 5.35 71.99 0.35 30.58 0.91 0.22 53.68 0.79 8.84 7.15 0.51 6.61 37.29 4.81 72.16 0.36 31.88 0.87 0.20 54.21 0.83 8.78 7.06 -1.18 -0.67 0.00 -1.55 -0.02 0.02 -0.21 0.72 0.35 -0.26 -0.31 -0.83 -1.54 0.37 -0.24 0.46 -0.67 -1.19 -0.95 0.36 0.29 -0.17 -1.15 0.01 -1.44 -0.30 -0.56 -1.49 -1.26 0.18 0.00 0.04 -0.38 2.30 -0.43 0.62 -0.45 -0.85 0.34 -1.24 0.78 0.02 -0.07 0.06 0.00 -0.69 0.00 -0.13 0.22 0.74 -1.08 0.24 -1.31 -0.37 -1.17 2.93 0.99 0.39 0.22 -0.34 -0.35 -0.01 -1.75 0.03 3.92 0.44 -0.01 0.19 0.25 0.54 -0.17 -0.01 -1.30 0.04 0.02 -0.53 -0.04 0.06 0.09 -4.38 -3.96 0.00 -13.96 -0.06 0.56 -5.79 4.59 2.22 -0.75 -0.82 -4.05 -1.98 13.81 -0.84 10.15 -2.51 -1.69 -9.55 3.23 2.07 -2.22 -6.67 5.00 -4.45 -2.06 -2.77 -2.52 -2.56 14.17 0.00 0.08 -0.83 1.78 -9.07 1.22 -1.71 -1.91 0.53 -2.35 2.71 0.03 -0.42 0.18 0.00 -4.42 0.00 -0.53 5.47 1.28 -3.40 8.79 -4.95 -5.87 -1.89 2.95 4.25 1.60 0.77 -1.34 -3.14 -0.02 -3.54 0.09 9.31 1.12 -1.96 2.87 0.67 11.23 -0.24 -2.78 -4.08 4.60 10.00 -0.98 -4.82 0.68 1.27 P/E RATIO 12.80 576.20 LOSS LOSS 13.70 12.70 LOSS LOSS LOSS LOSS 17.10 20.30 21.30 LOSS LOSS LOSS LOSS 16.20 94.80 47.60 30.10 15.60 LOSS LOSS 17.40 LOSS 16.00 328.10 21.42 LOSS LOSS 16.70 60.90 13.60 8.20 14.90 22.40 36.50 14.10 17.60 18.30 26.60 LOSS 24.40 LOSS LOSS LOSS 9.80 LOSS 28.50 22.40 LOSS 18.70 19.20 25.90 LOSS 7.46 7.60 25.60 22.80 LOSS 17.50 23.40 21.70 LOSS 12.60 LOSS 51.70 LOSS LOSS 17.20 LOSS 15.70 LOSS LOSS 15.50 LOSS 25.40 LOSS EARNINGS ANNUAL PER DIVIDEND SHARE1 RATE2 2.01 0.03 -0.09 -10.18 2.46 0.29 -3.34 -1.18 -1.18 -7.65 2.21 0.97 3.59 -0.34 -0.71 -5.86 -4.74 4.26 0.09 0.24 0.48 0.48 -19.71 -12.38 1.80 -2.83 1.23 0.17 2.26 -1.38 -0.40 3.14 1.52 9.71 0.53 3.44 1.17 1.57 4.58 2.92 1.67 2.75 -11.57 1.37 -0.03 -0.15 -6.87 2.58 -0.99 2.05 1.37 -0.57 1.34 0.29 1.29 -0.11 3.24 3.24 1.12 1.10 -13.23 2.87 2.04 1.59 -22.94 3.16 -0.10 0.13 -3.81 -0.58 4.20 -0.10 1.95 -0.09 -0.01 3.45 -0.03 0.35 -0.52 A weekly report compiled from the proxy statement and annual report of a publicly held company with local headquarters or a company with a major division in the area 52 - WEEK HIGH LOW 1.64 0.04 NONE NONE 0.30 NONE NONE NONE NONE 0.96 0.06 0.20 0.12 NONE NONE NONE NONE 1.68 NONE 0.40 0.56 1.00 0.16 NONE NONE NONE 0.08 NONE 0.88 NONE NONE 0.32 2.68 2.20 NONE 0.85 0.80 0.20 1.96 NONE 1.16 2.80 0.20 0.28 NONE 0.20 NONE NONE NONE 1.00 1.24 NONE 0.16 NONE 1.00 NONE NONE NONE NONE 0.33 0.10 0.68 NONE 1.12 NONE 1.36 28.73 19.10 0.02 14.47 38.27 5.34 5.43 17.56 17.55 36.55 38.99 20.85 78.02 3.19 30.65 7.44 27.54 80.50 9.95 15.99 14.60 8.64 17.33 0.45 34.26 15.52 21.84 64.42 49.31 1.50 0.30 52.95 49.23 132.97 7.69 56.95 37.21 47.47 65.41 60.89 30.10 75.68 20.84 34.85 0.09 16.10 0.35 27.71 4.52 59.36 32.88 3.55 26.63 6.83 65.23 104.41 34.40 33.71 29.53 26.00 23.37 51.77 49.70 35.88 64.68 53.80 21.44 2.53 0.01 0.96 23.74 2.03 0.97 10.72 10.50 15.05 17.58 8.97 47.73 1.53 11.83 2.01 13.36 61.86 5.00 3.27 9.48 5.32 1.85 0.05 16.42 5.06 7.16 22.89 26.11 0.15 0.00 25.39 23.35 81.76 1.12 31.94 13.71 14.96 46.25 32.50 20.81 29.11 6.27 21.57 0.00 4.51 0.01 10.62 1.04 27.69 20.31 2.48 13.01 0.50 38.45 34.27 18.85 19.73 14.19 14.35 8.45 25.00 30.83 21.89 20.19 32.05 NONE NONE 0.80 NONE 1.54 NONE 1.90 NONE NONE 1.09 NONE 0.17 NONE 1.55 8.55 37.66 11.73 72.93 0.53 34.13 1.68 0.23 55.20 2.60 9.75 0.00 0.34 3.40 17.25 3.42 37.40 0.20 26.10 0.38 0.16 46.25 0.40 4.12 0.00 New York Stock Exchange—JNJ Based in New Brunswick, N.J., Johnson & Johnson is engaged in the research and development, manufacture and sale of a wide range of products for health care. The company’s worldwide business is divided into three segments: consumer, pharmaceutical and medical devices and diagnostics. Johnson & Johnson has more than 250 operating companies throughout the United States and other countries. The company conducts business in virtually all countries of the world. Johnson & Johnson’s local subsidiary, Ortho-Clinical Diagnostics Inc., makes dry slide and chemiluminescence technology, blood-analyzer systems and sundries for laboratories, hospitals and blood banks. Ortho-Clinical has two major market segments: transfusion medicine, which includes blood screening and immunohematology, and clinical laboratories, which includes clinical chemistry and immunodiagnostics. Johnson & Johnson employs approximately 118,700 people worldwide and 1,100 locally. Johnson & Johnson reported revenues of $63.7 billion in fiscal 2008, an increase of 4.3 percent over the prior year. The company’s two most lucrative products, Risperdal and Remicade, accounted for approximately 6 percent and 4 percent of total revenues, respectively, in fiscal 2008. Risperdal is an antipsychotic medication, and Remicade treats various arthritic conditions and Crohn's disease. The company reported net income of $12.9 billion, up 22.4 percent from fiscal 2007. Net income per share was $4.57, up 94 cents from $3.63 in fiscal 2007. The company’s annual dividend increased 17 cents to $1.79 a share. Research and development expenses decreased 1.3 percent to $7.6 billion in fiscal 2008. Net cash flow provided by operating activities was $15 billion; net cash used in investing activities was $4.2 billion; and net cash used in financing activities was $7.5 billion. The company’s most recent fiscal year for which data is available ended in December 2008. Common shares outstanding as of Jan. 18 ................................................... 2,759,100,000 Price per share of common stock on Jan. 18 .............................................................$64.56 Total market value on Jan. 18 ....................................................................$178,127,496,000 Controlled by all directors and officers as a group ............................................ 6,431,9841 (0.23 percent) Performance Record (Dollars in millions, except per-share data) 2008 2007 Revenues $63,747 $61,095 Net income 12,949 10,576 Net income per share 4.57 3.63 Dividends per share 1.79 1.62 Total assets 84,912 80,954 Long-term debt 8,120 7,074 Shareholders’ equity 42,511 43,319 Operating cash flow (loss) 14,972 15,249 Investing cash flow (loss) (4,187) (6,139) Financing cash flow (loss) (7,464) (5,698) 2006 $53,324 11,053 3.73 1.46 70,556 2,014 39,318 14,248 (20,291) (6,109) 2005 $50,514 10,060 3.35 1.28 58,864 2,017 38,710 11,799 (279) (4,443) Directors 1 Number of common shares William Weldon, 60, chairman and CEO ...................................................................3,061,887 James Cullen, 66 ..........................................................................................................129,054 Arnold Langbo, 71 ...........................................................................................................82,267 Leo Mullin, 66 ..................................................................................................................50,380 David Satcher M.D., 68, director, Morehouse School of Medicine..................................28,852 Mary Sue Coleman, 65, president, University of Michigan..............................................25,654 Susan Lindquist, 59, professor, Massachusetts Institute of Technology ........................23,065 Charles Prince, 59 ...........................................................................................................21,494 William Perez, 61 ............................................................................................................15,916 Michael Johns M.D., 67, chancellor, Emory University ...................................................14,562 Executive Compensation 2 Officer 2008 cash compensation William Weldon, chairman and CEO .....................................................................$29,392,224 Christine Poon, vice chairman .................................................................................10,543,161 3 Colleen Goggins, worldwide chairman, consumer group ..........................................9,363,032 Russell Deyo, vice president and general counsel.....................................................8,799,040 Dominic Caruso, vice president of finance, chief financial officer ..............................3,921,028 Above executive officers as a group ..................................................................$62,018,485 Footnotes: 1 Includes common shares, common stock equivalent units, shares that may be acquired through the exercise of stock options and shares held jointly or in a trust arrangement. Includes salaries, value of stock and option awards, non-equity incentive plan compensation, change in pension value and nonqualified deferred compensation earnings, value realized from stock options exercised and all other compensation. 3 Retired in March 2009 2 Stock Performance F ive- Y ear C umulat ive T o t al R et ur n f o r JN J C o mmo n St o ck ( ver sus S&P 50 0 St o ck, Phar maceut ical and Healt hcar e Eq uip ment Ind exes) $ 185 $ 170 $ 155 $ 140 $ 125 $ 110 $ 95 $ 80 2 00 3 20 04 2 00 5 2 00 6 20 07 2 00 8 Earnings per share are for the company's most recent four quarters. 2 Annual dividend rates are annual disbursements based on the last monthly, quarterly, semiannual or annual declaration. 3 4 Formerly Cadbury Schweppes PLC Formerly Citizens Communications Co. 2004 $47,348 8,180 2.74 1.10 54,039 2,565 32,535 11,089 (2,347) (5,106) J oh nson & J oh nson S & P 5 0 0 I n de x S & P P h a r m I nde x S & P H e a l t hc a r e Equi p I nde x Researched by Ashley Coon ECONOMYTRACK Consumers are squeezed as inflation outpaces wages By MARTIN CRUTSINGER The spending power of families is being squeezed, new government data show, highlighting doubts about consumers’ ability to drive the economic recovery. Workers’ inflation-adjusted weekly wages fell 1.6 percent last year—the biggest drop since 1990—while consumer prices rose modestly. Lower pay and scarce job growth, along with tight credit and a rising savings rate, are holding back spending. That’s hindering the recovery. For some families, the overall inflation rate last year—2.7 percent—understates their burden. Many are struggling with surging costs for health care and college tuition, both of which have been galloping far faster than the overall inflation rate. Energy led consumer prices higher last year, offsetting the biggest drop in food costs in nearly a half-century, the Labor Department said. Core infl ation, which excludes the volatile food and energy sectors, rose 1.8 percent. That’s the secondsmallest rise in four decades. Economists expect core inflation to remain modest in 2010, giving the Federal Reserve leeway to keep interest rates at record lows to try to invigorate the economy. Inflation and wages remain low because employers can’t or won’t raise pay in an economy that has lost 7.2 million jobs since the recession began two years ago. The unemployment rate is 10 percent, and the number of jobless people in the labor force has hit 15.3 million, up from 7.7 million when the recession began at the end of 2007. The 1.6 percent drop in average weekly earnings for non-supervisory workers was the weakest yearly performance since a 2.5 percent decline in 1990. Inflation-adjusted pay has sunk in five of the past seven years, so many households felt pressure even before the recession. Over the past 10 years, for example, inflation-adjusted wages grew only 13 percent—the slowest pace in fi ve decades, according to calculations by Scott Hoyt of Moody’s Economy.com. “When people are unemployed and wages are weak, household spending is depressed and businesses don’t have any pricing pow- er,” said Mark Zandi, chief economist at Moody’s Economy.com. “That is the reason that inflation is not a problem.” The last period of strong wage gains occurred in the 1970s, when the country suffered double-digit inflation triggered by oil shocks. Many unions negotiated cost-ofliving wage increases. The Federal Reserve responded by aggressively raising interest rates, conquering inflation but producing a severe recession in 1981-82. While the 1.8 percent rise in core inflation was within the Fed’s comfort zone, it masked the pain that consumers felt in their pocketbooks because of the big jump in energy prices and other key items. Energy prices shot up 18.2 percent in 2009, and that was the biggest jump since 1979. They had fallen 21.3 percent in 2008. The energy surge was led by higher gasoline costs, which rose 53.5 percent after falling 43.1 percent in 2008. Food prices swung in the opposite direction. They fell 0.5 percent last year, the most since 1961. Another factor that’s limiting core inflation is housing costs; they dropped 0.3 percent. It was the sharpest annual decline in records dating to 1968. Medical costs rose 3.4 percent in 2009, the most since a 5.2 percent increase in 2007. That continued a trend in which the costs of hospital visits, doctors and drugs outpace overall inflation. College tuition costs rose 6 percent in 2009 after a 5.8 percent rise in 2008. Over the past decade, college tuition and fees have soared 92 percent. Economists caution that the economy can’t sustain a strong recovery until wages and job creation strengthen, although business investment and exports driven by the relatively low value of the dollar will help. David Wyss, an economist at Standard & Poor’s in New York, said he expected inflation pressures to remain low through the middle of the decade, given the likelihood of a modest recovery with unemployment falling only slowly. “You have to get back to full employment before inflation becomes a major problem,” Wyss said. Martin Crutsinger is an Associated Press economics writer. SPOTLIGHT Rochester consumer confidence falls 8 5 Change in consumer confidence, Q4 2009 (percentages) PAGE 29 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL Foreign exchange BRITISH POUND CANADIAN DOLLAR 0.8 1.3 0.7 1.2 0.6 1.1 0.5 D J F M A M J J A S O N D EURO D 0.6 D J F M A M J J A S O N 46 D JAPANESE YEN D 100 15 95 14 90 13 85 D J F M A M J J A S O N 12 D J J A S O N D F M A M J J A S O N D J M A M J J A S O N D F Mortgage filings Construction contracts (Monroe County) (in millions of dollars) COMMERCIAL-METRO 3,500 3,000 75 2,500 2,000 50 1,500 1,000 D 25 0 SEPT OCT J F M A M J J A S O N D NOV Help-wanted (percentage change advertising from prior month) RESIDENTIAL-METRO 25 ROCHESTER 20 NATIONAL 10 20 0 -10 -20 15 SEPT OCT -30 NOV Unemployment rates N GENESEE COUNTY 10 8.5 9 7.5 8 6.5 7 5.5 6 D J J F M A M J J A S O N LIVINGSTON COUNTY 9.5 N D (percentage) F M A M J J A S O N 5 N D J F M A M J J A S O N F M A M J J A S O N F M A M J J A S O N ONTARIO COUNTY 8 7 7 6 6 5 5 Binghamton J D 8 Buffalo M MEXICAN PESO -7 Syracuse A 48 9 New York City M 50 -4 Rochester F 0.7 9 -10 J 52 MONROE COUNTY -1 1.0 INDIAN RUPEE 0.8 4.5 2 (per $1 U.S.) Source: Siena Research Institute 4 Overall consumer confidence fell in Rochester but increased in five of nine New York metropolitan areas during the last quarter of 2009, as compared with the previous three-month period, the Siena Research Institute reports. Its Quarterly Consumer Confidence Index, which includes current and future confidence, measures consumers’ willingness to spend, as opposed to their ability to spend. Rochester had the sharpest drop among the metro areas, down 9.1 percent from a score of 64.9 to 59. The Syracuse region had the largest gain, rising 3.4 percent from 59.7 to 61.7. At 69.8, the New York City metro area had the highest consumer confidence; Binghamton was lowest at 55.1. In all nine metro areas, consumer confidence was higher than in the fourth quarter of 2008. —Ashley Coon N D J F M A M J J A S O N ORLEANS COUNTY 4 N D J WAYNE COUNTY 11.5 10 10.5 9 9.5 8 8.5 7 7.5 6 6.5 5.5 N D J F M A M J J A S O N 5 N D J PAGE 30 ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM Community Events A Weekly Listing of Upcoming Non-Profit and Community Events calendar WEDNESDAY, FEBRUARY 10, 2010 Hear My Voice: Win the Vote: Join the Susan B. Anthony House for the annual birthday celebration of its namesake as it proudly presents a stirring one-act play depicting the final years of the struggle for woman suffrage. This is the beginning of a yearlong celebration of the 90th anniversary of the 19th Amendment to the U.S. Constitution, which finally gave women the right to vote. The luncheon will be from noon to 1:30 p.m. at the Rochester Riverside Convention Center. Individual tickets are $50, and patron tickets are $90. Purchase online at www.susanbanthonyhouse.org or by telephone at 279-7490, ext. 10. For information about sponsorship opportunities, call 279-7490, ext. 15. Sponsored by: If you are interested in listing your non-profit fundraiser in the weekly Community Events Calendar and Clearinghouse, please contact Kerry McGlone at (585) 546-8303, ext. 102, or by e-mail at [email protected]. Finding the Ethical Edge One-day course emphasizes the practical value of business ethics. Helps owners and managers create ethical cultures, make ethical choices and improve bottom lines. Thursday, February 25, 2010 8:00 AM to 5:00 PM St. John Fisher College $140 per participant (class size is limited to 50) Register by phone or on-line 585.383.1060 www.rochesterbusinessethics.com Finding the Ethical Edge, developed by the Institute 4 Priority Thinking in conjunction with the Rochester Area Business Ethics Foundation, is taught by Peter DeMarco and other local experts with experience in ethics, compliance and related fields. DeMarco, founder of the Institute, supports national and local clients as an executive coach, organizational consultant, business ethics facilitator and strategy advisor. JANUARY 22, 2010 NON-PROFITREPORT A Weekly Profile of a Local Non-Profit Organization Pegasus Early Music was founded in 2005 and presents an annual series of four to five concerts of early music. The concerts feature artists with national and international reputations as specialists in early music, from the medieval to the classical era. Pegasus has presented 19 programs over the years with 37 different performers— both local artists, such as lutenist Paul O’Dette, and those from around the world. The fifth-anniversary season opened in September with a concert featuring English-Australian violinist Elizabeth Wallfisch and works by J.S. Bach and Italian composers of the early 17th century. Concerts are held at venues including the Rochester Academy of Medicine, the Downtown Presbyterian Church and the Fountain Court of the Memorial Art Gallery. New this season is a concert at the First Unitarian Church. The venues are chosen for ambiance, acoustics and size to evoke the intimacy of salons where chamber concerts of early music would originally have occurred. The next Pegasus program, “Music and Medicine,” will have three performances Jan. 29-31 at the Academy of Medicine. It will include Marin Marais’ “Portrait of a Gall Bladder Operation,” Henry Purcell’s “Mad Bess” and other works dealing with the humors, madness and assorted illnesses. Pegasus artists use a variety of period instruments—including lute, harpsichord, viola da gamba, violin, cello, oboe, flute, trumpet and theorbo—and perform with attention to current standards of historical performance from musicological research. Concerts occasionally include artists from other disciplines, such as a poet, a painter and an actor (to present the music and words of Shakespeare’s time); a baroque dancer will perform in the spring. Pegasus concerts are intended to present early music as a living art form that remains relevant and entertaining today, with a tradition of improvisation and innovation, a spirit of collaboration and an engagement with audiences in smaller settings. Concerts generally are preceded by talks in which artists give audiences a fuller understanding of the program. Pegasus Early Music also seeks to foster interest in early music through public workshops and master classes for students at the Eastman School of Music and Nazareth College of Rochester. In addition, the organization sponsors an intern from the Eastman School’s Arts Leadership Program who is involved in tasks such as concert management, office work and grant applications. Besides ticket revenue, funding for Pegasus Early Music comes from individual and corporate donations and foundation grants. The organization has received grants from the Arts & Cultural Council for Greater Rochester, the Gouvernet Arts Fund, the Rochester Area Community Foundation and the New York State Council on the Arts. Pegasus Early Music has one paid employee, Artistic Director Deborah Fox, who also is a lutenist and frequent performer in Pegasus concerts. The organization’s office address is 211 Cobbs Hill Drive, and the Web site is www.pegasusearlymusic.org. Financial Record Year ended May 31, 2009 % Revenue Ticket sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $16,635 Individual donations . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,144 Grants . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,000 Merchandise sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,930 Corporate sponsorships . . . . . . . . . . . . . . . . . . . . . . . . . . . . .850 Total revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $39,559 . . . . . . . . . . . . . 42 . . . . . . . . . . . . . 38 . . . . . . . . . . . . . 13 . . . . . . . . . . . . . .5 . . . . . . . . . . . . . .2 . . . . . . . . . . . . 100 Expenses % Artist fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $25,320 . . . . . . . . . . . . . 59 Fees for professional services . . . . . . . . . . . . . . . . . . . . . . 3,596 . . . . . . . . . . . . . . 8 Other operating costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,698 . . . . . . . . . . . . . 32 Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $42,614 . . . . . . . . . . . . 100 Excess (deficiency) of revenue over expenses . . . . . . . . ($3,055) Board of Directors Ronald Epstein M.D., president; professor of family medicine, psychiatry and oncology and director of the Rochester Center to Improve Communication in Health Care, University of Rochester Medical Center Stephen Lewandowski, vice president; program director, Lake Ontario Coastal Initiative Christina Selian, secretary; artist Caroline Riby, treasurer; media director, Roberts Communications Inc., and adjunct professor, Syracuse University Barbara Consler; senior financial accountant, Visiting Nurse Service of Rochester and Monroe County Inc. Donna Brink Fox; associate dean of academic and student affairs and Eisenhart professor of music education, Eastman School of Music, the University of Rochester Jonathan Feldman; senior attorney, Empire Justice Center —Researched by James Leunk If you are interested in having your group featured in the Non-Profit Report, please contact Rochester Business Journal at (585) 546-8303, ext. 116, or e-mail [email protected]. JANUARY 22, 2010 seen ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM PAGE 31 Lakeside Health December 11: The Lakeside Foundation’s annual Gala Dinner drew 850 people to the Rochester Riverside Convention Center. Former first lady Laura Bush was the guest speaker at the event, which raised $180,000 for Lakeside Health System. David Flaum, Laura Bush, Ilene Flaum and Pankaj Garg M.D. Scott Berry M.D. and Laura Bush Standing: John Ferber, Tina Ferber, Chad Buchta and Ali Buchta Seated: Sheryl Baker, John Baker, Chris Linares, Edie Linares, Meg Warren and Rudy Warren Hickok Center for Brain Injury November 14: The Hickok Center for Brain Injury held its annual Auction Gala at the Carey Lake banquet center. More than 200 people attended the event, which raised more than $21,000 for activities that enable survivors of brain injury to regain independence and reintegrate into their communities. Mike Johansson and Thalia Hayden Photo by Emily Dengel John Bulbulia, Ronald Buckman, Thomas Burns, Marty Cannon and Erik Mathis Interested in submitting photos featuring people at your non-profit events? Please contact Ruth German at [email protected] or 546-8303, ext. 103, for guidelines on submitting event photos and details. Photo by Emily Dengel PEOPLE PAGE 32 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL The Rochester Business Journal welcomes photos with press releases three weeks before the desired publication date. Prints of digital photos cannot be used, however. If you would like your photos returned, please include a stamped, selfaddressed envelope. Send digital submissions to [email protected]. Airquip Heating & Air Conditioning has added Mike Allen as an installer assistant. His responsibilities will include heating and cooling installations, duct cleaning and system repairs. Ke n n e t h To n e r M.D. has joined Newark-Wayne Community Hospital as a member of Rochester General Surgical Associates. He previously was on staff at Hackettstown (N.J.) Hospital. The Rochester Hearing and Speech Center announces the addition of Deborah Tremaine as a speech-language pathologist. She previously worked as a speech-language pathologist for Monroe 2-Orleans BOCES. Dillon Astles tion announces that Cindy Taber has been hired as a certified nursing assistant and Robert Durham has been appointed a supervising charge nurse. Taber will be responsible for assisting long-term care and rehabilitation residents. Durham will oversee the nursing care and safety of long-term care residents during evening hours. Erik Rhodes has joined Xceed Financial Federal Credit Union as a financial consultant. He brings seven years of experience to the role. Allen Gogola Hillman Five Star Bank announces the appointment of Terry Kelley as branch manager for its Victor office. He will supervise all branch operations as well as new business development in the Kelley Victor market. He previously worked at the Naples branch. Lakeside Health System announces that Sanjay Samuel M.D. has joined the staff at Lakeside Women’s Health. Rhodes Samuel Hall Toner Smith The Bonadio Group announces the following additions as assistant accountants: Joseph Dillon, John Astles, Matthew Gogola, Shawn Hillman, Tonya Hall and Amanda Smith. Parlavecchio Hamlin Tina Lamphier has been promoted to unit manager for lia sophia. Taber Durham Maplewood Nursing & Rehabilita- Holmes St. Ann’s Community has hired Kathy Hamlin as fourth-fl oor manager for St. Ann’s Home, while Rachel Holmes has been promoted to sixth-floor manager. Hamlin and Holmes will oversee the daily activities and staff on their floors. Warobick Tremaine Wengender Wolanski Clark Patterson Lee announces the following appointments: James Parlavecchio, senior associate; Jennifer Wengender, senior associate; John Warobick, principal associate; and Thomas Wolanski, vice president. Toshiba Business Solutions announces the following new hires: Chris Martusewicz, assistant controller; Cathy Scumaci, client services representative; Catie Arnold, outbound marketing representative; and Scott Phillip, field technician, AV Solutions. Tuesday Topics—“Rochester Regional Health Information Organization”—Speaker: Joe Di Piazza—Free—12:12 - 12:52 p.m.—Rochester Public Library, 115 South Ave.—Call Linda Rock at 428-8350 for additional information. for additional information. CALENDAR The Rochester Business Journal welcomes press releases. Notices of calendar events should be submitted three weeks before the event date to ensure timely publication. Send digital submissions to [email protected]. TUESDAY, JAN. 26 FRIDAY, JAN. 22 Early Edition Business Professionals Networking Group Meeting—Free—7:30 a.m.— Bagel Bin Cafe, 2600 Elmwood Ave.—Also offered Feb. 2—Call 292-1220, ext. 312, for additional information. Brighton’s Best Chapter of Business Network International Meeting—Free—7 - 8:30 a.m.—Hawthorne’s Restaurant, 3500 East Ave.—Also offered Feb. 5—Call Ben Levy at 442-7014 for additional information. Success Unlimited Chapter of Business Network International Meeting—Free—Noon - 1:30 p.m.—Northfield Food & Drink, 3001 Monroe Ave.—Also offered Feb. 2—Call Natasha Johnson at 329-5566 for additional information. Rochester Professional Consultants Network Meeting—Free—7:45 a.m.—Pittsford Public Library, 24 State St., Pittsford—Call 244-1060 for additional information. Peak Performers Chapter of Business Network International Meeting—Free—7 - 8:30 a.m.—Flour City Diner, 2500 East Ave.—Also offered Feb. 2—Call David Miller at 697-4846 for additional information. SUNDAY, JAN. 24 Toastitarians Toastmasters Club Meeting— Free—12:45 - 3 p.m.—First Unitarian Church of Rochester, 220 S. Winton Road, Youth Room— Also offered Feb. 7—Call Shirley at 482-6640 for additional information. MONDAY, JAN. 25 RochesterWorks Job Network Meeting— Free—9 - 11 a.m. and 1 - 3 p.m.—255 N. Goodman St.—Also offered Jan. 27—Call 258-3500 for additional information. Finger Lakes Works-Ontario Career Club— Free—9 - 11 a.m.—3010 County Complex Drive, Canandaigua—Also offered Feb. 1—Call Cathy Levickas at 396-4020 for additional information. Greece Central School District Offi ce of Community Education Course—“Introduction to Medical Billing”—$59—7 - 9 p.m.—Apollo Middle School, 750 Maiden Lane—Mondays through March 1—Call 865-1010 for additional information. Networking Referral Group of Rochester Meeting—Free—7:15 - 8:30 a.m.—255 Woodcliff Drive, Fairport—Also offered Feb. 2—Call 248-6718 for additional information. Mid Day Masters Chapter of Business Network International Meeting—Free—Noon 1:30 p.m.—The Legacy at Cranberry Landing, 300 Cranberry Landing—Also offered Feb. 2—Call Mark Hoffman at 305-7133 for additional information. Toasted Sage Toastmasters Club Meeting—Free—Noon - 1 p.m.—Toshiba Business Solutions, 150 Metro Park—Visitors are welcome—Also offered Feb. 9—Call Jeff Fasoldt at 697-5512 for additional information. Professionally Speaking Toastmasters Meeting—Free for non-members—6:30 - 9 p.m.—Midvale Country Club, 2387 Baird Road, Penfield—Also offered Feb. 9—Call 704-2825 for additional information. Friends of the Rochester Public Library International Resource Group Inc. Seminar—“Innovation: Multinational Experiences in Milan & Munich”—Presenter: Marty Lawlor—$25 for members, $35 for non-members—11:30 a.m.—Inn on Broadway, 26 Broadway—Call (866) 755-9733 for additional information. Greece Central School District Offi ce of Community Education Course—“Medical Terminology”—$173—6:30 - 8:30 p.m.—Greece Olympia High School, 1139 Maiden Lane—Tuesdays through March 30—Call 865-1010 for additional information. North East Marketers Chapter of Business Network International Meeting—Free—7 8:30 a.m.—Midtown Athletic Club, 200 E. Highland Drive—Also offered Feb. 3—Call Mark Dolan at 218-4574 for additional information. TNT Chapter of Business Network International Meeting—Free—7 a.m.—Forest Park Retirement Community, 99 Forest Park, Victor— Also offered Feb. 3—Call Brian Hill at 732-8432 for additional information. Early Birds Chapter of Business Network International Meeting—Free—7 - 8:30 a.m.— Carpe Diem Travel, 225 Tech Park Drive—Also offered Feb. 3—Call David McClellen at 5038598 for additional information. Western New York Society of Competitive Intelligence Professionals Meeting—“CI in Lean Times”—$20 for members, $15 for non-members—5:30 p.m.—Lennox Tech Enterprise Center, 150 Lucius Gordon Drive—Call Linda Stevenson at 248-2229 for additional information. Canalside Trailblazers Networking Group, CTN II—Free—7:15 - 8:45 a.m.—Holiday Inn Express, 7502 County Road 42, Victor—Also offered Feb. 3—Call Bev at 672-5158 for additional information. WEDNESDAY, JAN. 27 Rochester Business Network Meeting— Free—7:15 - 8:45 a.m.—RochesterWorks, 255 N. Goodman St.—Also offered Feb. 10—Call Doug Drake at 352-9777 for additional information. The August Group Networking Meeting— Free—9:30 - 11 a.m.—Bagel Bin Cafe, 2600 Elmwood Ave.—Visitors are welcome—Also offered Jan. 28—Call Tracey Aiello at 259-0610 for additional information. Premier Professionals Chapter of Business Network International Meeting—Free—7 - 8:30 a.m.—Flour City Diner, 2500 East Ave.— Visitors are welcome—Also offered Feb. 3—Call (518) 618-1260 for additional information. The New York Networkers Chapter of Business Network International Meeting— Free—11:30 a.m. - 1 p.m.—Flour City Diner, 2500 East Ave.—Visitors are welcome—Also offered Feb. 3—Call Adam Wood at 720-9870 Rochester Regional Veterans Business Council Meeting—$10—11:30 a.m. - 1:15 p.m.—Nazareth College of Rochester, 4245 East Ave., Shults Center—Also offered Feb. 24—Call 295-7854 for additional information. Genesee Valley Chapter ASTD Program— “Diamonds in the Rough: Transforming Training, Helping Participants Shine”—$10 for members, $20 for non-members—5:30 p.m.—St. John Fisher College, 3690 East Ave.—Call (800) 6282783 for additional information. Institute of Management Accountants CALENDAR PAGE 33 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL Seminar—“Social Networ king and Your Career”—Speaker: Nick Francesco—$10—5 - 7 p.m.—Roberts Wesleyan College, 2301 Westside Drive, Ellen Stowe Room—Call 251-5194 for additional information. Rochester Business Connections Lead Group Meeting—Free—8 a.m.—Jay’s Diner, 2612 West Henrietta Road—Visitors are welcome—Also offered Feb. 4—Call Bill Sweetland at 349-0336 for additional information. THURSDAY, JAN. 28 Canaltown Connections Chapter of Business Network International Meeting—Free—7 - 8:30 a.m.—Slayton Place, 54 Slayton Ave., Spencerport—Also offered Feb. 4—Call (518) 618-1260 for additional information. Notable Networkers Chapter of Business Network International Meeting—Free—7 8:30 a.m.—Holiday Inn Express, 860 Holt Road, Webster—Visitors are welcome—Also offered Feb. 4—Call (518) 618-1260 for additional information. Networks Lead Group Meeting—Free—8 a.m.—Golden Fox Restaurant, 1115 Culver Road—Visitors are welcome—Also offered Feb. 4—Call 254-8710 for additional information. Greece A Team Chapter of Business Network International Meeting—Free—7- 8:30 a.m.— Hampton Inn, 500 Center Place Drive—Visitors are welcome—Also offered Feb. 4—Call Carolyn Stiffler at 732-0428 for additional information. Towpath Referrals Chapter of Business Network International Meeting—Free—7 - 8:30 a.m.—Pineview Family Restaurant, 2139 Union St., Spencerport—Also offered Feb. 4—Call Chris Smith at 899-2675 for additional information. Business Builders Chapter of Business Network International Meeting—Free—7 8:30 a.m.—Bayfront Restaurant, 1075 Empire Blvd., Irondequoit—Visitors are welcome—Also offered Feb. 4—Call David Cook at 872-2050 for additional information. Canalside Trailblazers Networking Group, CTN I—Free—7 - 8:30 a.m.—Midvale Country Club, 2387 Baird Road, Penfield—Also offered Feb. 4—Call Bev at 672-5158 for additional information. Canalside Trailblazers Networking Group, CTN III—Free—7 - 8:30 a.m.—Country Village Family Restaurant, 1092 Long Pond Road— Also offered Feb. 4—Call Bev at 672-5158 for additional information. Rapid Referrals Chapter of Business Network International Meeting—Free—Noon 1:30 p.m.—Flour City Diner, 2500 East Ave.— Visitors are welcome—Also offered Feb. 4—Call Andrew Kernahan at 319-1751 for additional information. Frederick Douglass Toastmasters Club Meeting—Free—7 p.m.—Baden Street Administration Building, 152 Baden St.—Visitors are welcome—Also offered Feb. 11—Call 325-4910, ext. 127, for additional information. Greece Central School District Offi ce of Community Education Class—“Rental Prop- erties: What’s a Landlord to Do?”—$37—6:30 - 9:30 p.m.—Greece Olympia High School, 1139 Maiden Lane—Call 865-1010 for additional information. Greece Central School District Offi ce of Community Education Course—“Medical Office Procedures”—$93—6:30 - 8:30 p.m.— Greece Olympia High School, 1139 Maiden Lane—Thursdays through Feb. 25—Call 8651010 for additional information. Finger Lakes Community College Job Fair—Free—11 a.m. - 3 p.m.—3325 Marvin Sands Drive, Canandaigua—Call 394-3500, ext. 7270, for additional information. FRIDAY, JAN. 29 Rochester Professional Consultants Network Technical Workshop—Speaker: Paul Lowans—$5 for members, $8 for non-members—7:45 a.m.—Pittsford Public Library, 24 State St., Pittsford—Call 244-1060 for additional information. SATURDAY, JAN. 30 ogy, Park Point—Also offered Feb. 16—Call Kevin Yost at 334-7179 for additional information. Digital Rochester Networking—Free—5:30 - 7:30 p.m.—Rochester Central Library, 114 South Ave.—Call 330-9797 for additional information. Monroe County Bar Center for Education Seminar—“Does Your Client Need a Corporate Fiduciary?”—$40 - $100—12:15 - 2 p.m.—Rubin Center for Education, 1 W. Main St.—Call 5461807 for additional information. WEDNESDAY, FEB. 3 Po s t p r a n d i a l To a s t m a s t e r s M e e t ing—$18—6:30 - 9:30 p.m.—Sanibel Cottage, 1517 Empire Blvd., Webster—Also offered Feb. 17—Call David Pope at 750-6234 for additional information. Network Ontario Meeting—Free—7:45 - 9 a.m.—Union Hill Country Grill, 1891 Ridge Road, Ontario—Also offered Feb. 3—Call Glen Cone at 727-7806 for additional information. Finger Lakes Community College Seminar—“Entrepreneur Solutions: Resources for L a u n c h i n g o r E x p a n d i n g Yo u r B u s i ness”—$25—8:30 a.m. - 1 p.m.—200 Victor Heights Parkway, Victor—Call Lorrie Childs at 394-3500, ext. 7421, for additional information. Toastmasters International Impressionist Club Meeting—Free—7 - 9 p.m.—Legacy Parklands, 2000 Park Creek Lane, Churchville— Visitors are welcome—Also offered Feb. 17—Call Marlene Markham at 889-4481 for additional information. TUESDAY, FEB. 2 Greece Central School District Offi ce of Community Education Course—“Start a HomeBased Medical Transcription Business”—$45—7 - 9 p.m.—Apollo Middle School, 750 Maiden Lane—Call 865-1010 for additional information. Speechcrafters Club 1044 of Toastmasters International Meeting—Free—6 p.m.—T.C. Riley’s Irish Pub, Rochester Institute of Technol- THERECORD APPLICATIONS FOR AUTHORITY Business of the Month by Monroe County. LIVINGSTON COUNTY Joan Greeno has been named Sales Agent of the Month by Nothnagle Realtors. Michael Dixon has been honored as Top Lister for December. Livewire Telecom Corp. Processing address: 5739 Demitrios Way, Avon, N.Y. 14414 Filer: Anastasios Kolokouris MONROE COUNTY Plustek Technology Inc. Processing address: 17517 Fabrica Way, Suite A, Cerritos, Calif. 90703 Filer: Richard Chen WP Prism Inc. Processing address: c/o CT Corporation System, 111 Eighth Ave., New York, N.Y. 10011 Filer: Bausch & Lomb Inc. AWARDS AND ACHIEVEMENTS Greeno The Risk and Insurance Management Society announces that the Upstate New York Chapter has received a Membership SuperStar Award. Erdman, Anthony and Associates Inc. has earned second place in the Plant Plan Contest on the 2009 Leica HDS Worldwide Users Conference. Nothnagle Realtors announces that Robert Hibbard has earned the short sales and foreclosure resource certification of the National Association of Realtors. SuperCoups announces that Brian and Susy Elniski have been named Silver Club winners. Zurat Ferro The Greater Rochester Postal Customer Council announces its officers for 2010: James Ferro, industry co-chairman; Robert Zurat, covice chairman; and David Drum Sr., treasurer. David McIntyre has earned the designation of agribusiness and farm insurance specialist from the Insurance Skills Center. McIntyre Rochester Primary Care Network Inc. announces that Ivette Salgado has received a Lifetime Achievement Award. Lisa Brubaker has received the Kenneth W. Woodward Award for improving access to medical care, and Robin Baines M.D. has received the Staff Initiative Award. County Executive Maggie Brooks announces that Getinge Sourcing LLC has been named Popli Design Group announces that Rohit Agrawal has earned the Leadership in Energy and Environmental Design certification from the U.S. Green Building Institute. BANKRUPTCIES Bernard Leibman, aka 50 percent shareholder of Delkew Enterprises Inc.; Adriana A. Delkewycz, aka 50 percent shareholder of Delkew Enterprises Inc. Address: 773 Hawthorne Place, Webster, N.Y. 14580 Assets: $187,358.33 Liabilities: $388,533.35 Lawyer: Douglas Lustig Date: Jan. 4 Chapter: 7 Index Number: 10-20002 Massam Inc. Address: P.O. Box 405, Penn Yan, N.Y. 14527 Assets: $814,852.20 Liabilities: $526,435.81 Lawyer: Charles Tolbert Date: Jan. 5 Chapter: 11 Index Number: 10-20007 Angel L. Guadalupe Jr., formerly dba Good Times Limousine Address: 116 Parkhurst Drive, Rochester, N.Y. 14559 Assets: $149,014.00 Liabilities: $221,647.25 Lawyer: George Mitris Date: Jan. 5 Chapter: 13 Index Number: 10-20012 James A. Wilcox, formerly dba Wilcox Machine Address: 1453 Church Road, Hamlin, N.Y. 14464 Assets: $152,048.00 Liabilities: $224,985.48 Lawyer: William Nield Date: Jan. 10 Chapter: 7 Index Number: 10-20041 James A. Lux, formerly dba Quadralux Enterprises Address: 80 Clintwood Court, Apartment DD, Rochester, N.Y. 14620 Assets: $4,917.29 Liabilities: $53,021.15 Lawyer: Kenneth Gallant Date: Jan. 11 Chapter: 7 Index Number: 10-20044 Lora A. Benson, dba LoraAnnPhotography. com Address: 46 Balsam St., Rochester, N.Y. 14610 Assets: $136,888.00 Liabilities: $164,417.77 Lawyer: Scott Sydelnik Date: Jan. 12 Chapter: 7 Index Number: 10-20053 John F. Lightfoot, dba Blue Knolls Properties Address: 52 Dr. Samuel McCree Way, Rochester, N.Y. 14608 Assets: NA Liabilities: NA Lawyer: David Ealy Date: Jan. 12 Chapter: 7 Index Number: 10-20067 Jane R. Howe, dba Abe to Zen (no business transacted) Address: 7130 River Road, Mount Morris, N.Y. 14510 Assets: $85,200.50 Liabilities: $226,173.19 Lawyer: John Scura Date: Jan. 13 Chapter: 13 Index Number: 10-20068 DEEDS This information is obtained from the Monroe County Clerk’s Office. 160 Commerce Drive LLC Amount: $1,000,000.00 Seller: Cobblestone Realty LLC Location: 160 Commerce Drive, Rochester, N.Y. 14623 Date filed: Dec. 2 DISSOLUTIONS GENESEE COUNTY Rainbow Cross Publishing LLC Filer: James Phillips MONROE COUNTY Margaret C. Hanna, former officer and shareholder of H&S South Avenue Restaurant Inc. Address: 216 Rockingham St., Rochester, N.Y. 14620 Assets: $2,421.00 Liabilities: $20,637.94 Lawyer: John Belluscio Date: Jan. 12 Chapter: 7 Index Number: 10-20056 A J Frank Enterprises Inc. Filer: Allstate Corporate Services Corp. Candace W. DeMuynck, fka Gal in a Garden Address: 103 Kreag Road, Fairport, N.Y. 14450 Assets: $45,803.00 Liabilities: $218,479.00 Lawyer: Mikal Kreuger Date: Jan. 12 Chapter: 7 Index Number: 10-20065 Geska Inc. Filer: Gerhard Klose Dalron Enterprises Inc. Filer: Dale Van Slyke Dubois Foods Ltd. Filer: John Dubois III Emergencycellphones.com Inc. Filer: Jeffrey Williams Hanna-Woods Enterprises Ltd. Filer: Hanna-Woods Enterprises Ltd. Heberle-Hill Construction Inc. Filer: Heberle-Hill Construction Inc. THERECORD PAGE 34 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL Imece Inc. Filer: Gary Delehanty Amount: $14,712.80 Date filed: Dec. 4 ORLEANS COUNTY J.A. Church Inc. Filer: John Burns MECHANICS LIENS SATISFIED New name: Orleans Community Health Old name: Medina Memorial Health Care System Filer: BlumbergExcelsior Corporate Services Inc. Kay’s Loft Interior Design LLC Filer: Ok-Hee Nam Laurelton Properties LLC Filer: Harris Beach PLLC MJS of New York Inc. Filer: Lacy Katzen LLP MP Mini Mart Inc. Filer: Rick Bucci Nanak Corp. Filer: Brendan Pressimone NGM 360 LLC Filer: Amanda Devito Oncall Professional Locksmith Service Inc. Filer: John Mallette Palermo Bros. Concrete Inc. Filer: Kennedy and Schum Penfield Skyline Partners LLC Filer: WeinsteinMurphy Permoda Enterprises Inc. Filer: Johnson, Mullan & Brundage P.C. Prestige Group LLC Filer: Erin Brooks Procorp Advisory Inc. Filer: Converse & Morell LLP Richard L. Dodd Associates Inc. Filer: Richard Dodd Seneca Development Inc. Filer: William Macdonald Shierwest Networks Inc. Filer: Bruce Shierloh Solorex LLC Filer: Francyne Carillo The Joyce Erdman Foundation Inc. Filer: Sujin Kim Woodruff Signworks Inc. Filer: Melissa Miller-Woodruff ONTARIO COUNTY 800 Pre-Emption Road Inc. Filer: WeinstenMurphy Diamond Construction Corp. Filer: Diamond Construction Corp. ORLEANS COUNTY W.L. Basinait Inc. Filer: W.L. Basinait Inc. WAYNE COUNTY Bill Lee Electric LLC Filer: Converse & Morell LLP FEDERAL TAX LIENS This information is obtained from the Monroe County Clerk’s Office. Federal tax liens are filed by the U.S. Treasury Department. Allforce Corp. 528 Stone Road, Rochester, N.Y. 14626 Amount: $30,494.43 Date filed: Dec. 2 Rexford Realty Group Inc. 103 Eastman Estates, Rochester, N.Y. 14622 Amount: $20,659.95 Date filed: Dec. 2 Carolina Eyes Inc. 125 Sully’s Trail, Pittsford, N.Y. 14534 Amount: $32,588.02 Date filed: Dec. 2 MECHANICS LIENS Mechanics liens are filed against the property owner. Suppliers listed provided materials. 700 Jefferson Road II LLC and Rare Hospitality International Inc. 680 Jefferson Road, Rochester, N.Y. 14623 Lienor: Tradesmen International Inc. This information is obtained from the Monroe County Clerk’s Office. August 34 LLC, August Lane and Royal Construction and Management LLC Lienor: Fulmont Ready Mix Co. Inc. Date satisfied: Dec. 4 MERGERS MONROE COUNTY New name: Ensemble Risk Solutions Inc. Companies: Ensemble Risk Solutions Inc. and Robert G. Relph Comprehensive Brokerage Services Inc. Filer: Harris Beach PLLC MORTGAGES This information is obtained from the Monroe County Clerk’s Office. Westfall Townhomes LLC Amount: $355,286.03 Mortgagee: Genesee Regional Bank Location: 420 Westfall Road, Rochester, N.Y. 14620 Date filed: Nov. 30 Penview Associates L.P. Amount: $1,621,467.85 Mortgagee: Northwest Savings Bank Location: 2250 Penfi eld Road, Penfi eld, N.Y. 14526 Date filed: Nov. 30 Morgan Webster Green LLC Amount: $6,390,344.18 Mortgagee: Amerisphere Multifamily Finance LLC Location: 960-1205 Rousseau Drive, Webster, N.Y. 14580 Date filed: Dec. 1 160 Commerce Drive LLC Amount: $1,000,000.00 Mortgagee: Cobblestone Realty LLC Location: 160 Commerce Drive, Rochester, N.Y. 14623 Date filed: Dec. 2 WAYNE COUNTY New name: E.M.S. Staffing Inc. Old name: Newark-Arcadia E.M.S. Staffing Inc. Filer: Scicchitano & Pinsky PLLC NAME RESERVATIONS MONROE COUNTY Brown & Braun LLC Filer: Richard Brown Filer’s address: 2 State St., Suite 810, Rochester, N.Y. 14614 Date filed: Sept. 24 UBMD Filer: Carla Penazek Filer’s address: c/o Harris Beach PLLC, 99 Garnsey Road, Pittsford, N.Y. 14534 Date filed: Sept. 15 NEW CORPORATIONS GENESEE COUNTY Brusco Inc. P.O. Box 44, Stafford, N.Y. 14143 Filer: Reid Whiting LIVINGSTON COUNTY Chip Holt Nature Center Inc. 3794 Cluny Point, Lakeville, N.Y. 14480 Filer: Craig Nelson MONROE COUNTY Adnan-Walid Inc. 765-771 W. Main St., Rochester, N.Y. 14611 Filer: BlumbergExcelsior Corporate Services Inc. Airborne Fire & Safety Inc. P.O. Box 731, Fairport, N.Y. 14450 Filer: BlumbergExcelsior Corporate Services Inc. Akeley Landing Housing Development Fund Co. Inc. c/o Urban League of Rochester Economic Development Corp., 312 State St., Rochester, N.Y. 14608 Filer: Cannon Heyman & Weiss LLP Arbor Ridge Association Inc. 2024 West Henrietta Road, Rochester, N.Y. 14623 Filer: Woods Oviatt Gilman LLP Big Man Market Inc. 196 Hudson Ave., Rochester, N.Y. 14609 Filer: Servico Inc. Community Poster Maps Inc. 130 E. Main St., Suite 1010, Rochester, N.Y. 14604 Filer: Accelerated Information & Document Filing Inc. Elbrus Universal Inc. 6 Bryden Park, Webster, N.Y. 14580 Filer: Biernbaum & Meyer LLP Encore! Theatre Arts Inc. 1706 Hill Park Court, Churchville, N.Y. 14428 Filer: Eric Traugott Farmington Housing Development Fund Corp. 630 Clinton Square, Rochester, N.Y. 14604 Filer: Cannon Heyman & Weiss LLP Greater Rochester Choral Consortium Inc. 2809 English Road, Rochester, N.Y. 14616 Filer: Songbird Research Inc. Green Leaf Professional Services Inc. c/o National Registered Agents Inc., 875 Avenue of the Americas, Suite 501, New York, N.Y. 10001 Filer: Rebecca Haskins Jozeppi’s Pizzeria Inc. 1 Leeds Circle, Pittsford, N.Y. 14534 Filer: Singla Accounting & Tax Service J. Rodriguez Enterprises Inc. 194 Sannita Drive, Rochester, N.Y. 14626 Filer: John Nacca KMS Home Inspection Inc. 1180 Hidden Valley Trail, Webster, N.Y. 14580 Filer: Amy Varel Culver LLC Amount: $250,000.00 Mortgagee: Manufacturers and Traders Trust Co. Location: 140 Carter St., Rochester, N.Y. 14621 Date filed: Dec. 2 2438 Spencerport LLC and Guiseppe Vito Amount: $250,000.00 Mortgagee: Boss Precision Ltd. Location: 2438 Union St., Rochester, N.Y. 14624 Date filed: Dec. 2 NAME CHANGES MONROE COUNTY New name: 2MS Holdings LLC Old name: 2MS Golf LLC Filer: Anthony Dentino New name: ADA Advisors LLC Old name: Software Solutions LLC Filer: Underberg & Kessler LLP New name: Alterian Rochester Inc. Old name: Techrigy Inc. Filer: McGuire Woods LLP New name: Diamond Plumbing and Drain Cleaning Inc. Old name: Modern Plumbing & Drain Cleaning Inc. Filer: Budget Accounting Service Inc. New name: Merlen Properties LLC Old name: San Sum LLC Filer: John Summers New name: Rochester Compactor and Baler Services LLC Old name: Reliable Compactor Repair and Services LLC Filer: USA Corporate Services LLC New name: Success Industry of New York LLC Old name: Freedom 2 Travel New York LLC Filer: Servico Inc. New name: Young Lion Studios LLC Old name: Rochester Park Studios LLC Filer: Sasson Blaivas LLP The weekly Rochester Business Journal is available as a readable PDF file, providing you with timely, in-depth local business coverage even when you are out of town. An e-mail alert tells you when the most recent issue is available for download. Start a PDF subscription for only $79.00 per year, or add this option to your print subscription for just $26.00. Contact the circulation department at (585) 546-8303 or at [email protected]. THERECORD Ladybug Sales Inc. 357 True Hickory Drive, Rochester, N.Y. 14615 Filer: Kaylee Jansson Logical Study Inc. 3 Aristocrat Circle, Spencerport, N.Y. 14559 Filer: Louis Asandrov MG Business Forms Inc. 11 Delancey Court, Pittsford, N.Y. 14534 Filer: Lacy Katzen LLP PAGE 35 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL 5598 Pease Road, Williamson, N.Y. 14589 Filer: Lacy Katzen LLP Rytek Products Inc. 7873 Martin Road, Honeoye Falls, N.Y. 14472 Filer: Imelda Vasquez Schroeder Agency Inc. 130 Angels Path, Webster, N.Y. 14580 Filer: Carrie Tapian Slater Neighborhood Inc. 7 Prince St., Rochester, N.Y. 14607 Filer: George Parker Moonshadow’s Spirit Inc. 776 Saffron Lane, Webster, N.Y. 14580 Filer: Nixon Peabody LLP Super104 Inc. 121 Stanridge Court, Rochester, N.Y. 14617 Filer: Abida Iqbal Murphy Allen Technologies Inc. 4 Salem Court, Fairport, N.Y. 14450 Filer: Matthew Peck Westfall Managing Member Inc. 183 E. Main St., Suite 600, Rochester, N.Y. 14604 Filer: Conifer Realty LLC Noise Pool Inc. 5 Windridge Drive, Webster, N.Y. 14580 Filer: Farrukh Zafar O’Neil’s Vision Inc. 553 N. Creek Crossing, Rochester, N.Y. 14612 Filer: Kenneth Licht Patty’s Sports Pub Inc. 485-487 Avenue D, Rochester, N.Y. 14621 Filer: Ralph Horton Payex Corp. of N.Y. Inc. 3319 Lake Ave., Rochester, N.Y. 14612 Filer: Peter Quinn ONTARIO COUNTY Chosen Spot Property Solutions Inc. 37 Deerfield Drive, Canandaigua, N.Y. 14424 Filer: Martin Barnett Finger Lakes Pools & Spas 2 Inc. 404 Lake Shore Drive, Canandaigua, N.Y. 14424 Filer: Allstate Corporate Services Corp. ORLEANS COUNTY Peter C. Kimmes Inc. 164 Brunswick St., Rochester, N.Y. 14607 Filer: Thomas Rzepka CF Development Group Inc. 1661 Norway Road, Kendall, N.Y. 14476 Filer: Imelda Vasquez Portland Powerhouse Inc. 381 Eastman Estates, Webster, N.Y. 14580 Filer: Joseph Dinolfo WAYNE COUNTY PPF Associates Ltd. (N.Y.) 311 Alexander St., Suite 215, Rochester, N.Y. 14604 Filer: Samuel J. Ianacone Jr. P.C. Quorum Associates Ltd. (N.Y.) 311 Alexander St., Suite 215, Rochester, N.Y. 14604 Filer: Samuel J. Ianacone Jr. P.C. RH Lockwood Construction Inc. 160 Third Ave., Rochester, N.Y. 14612 Filer: Ronald Lockwood Lake Ontario Wine Trail Inc. 4287 Jersey Road, Williamson, N.Y. 14589 Filer: Herman Young Quick Temps Inc. P.O. Box 102, Marion, N.Y. 14505 Filer: BlumbergExcelsior Corporate Services Inc. Sandmans RCD Inc. c/o United States Corporation Agents Inc., 7014 13th Ave., Suite 202, New York, N.Y. 11228 Filer: Imelda Vasquez Sunset Beach Tract Inc. 11273 Maunder Road, Clyde, N.Y. 14433 Filer: Evans & Fox LLP Roc Solid Technologies Inc. 466 Reeves Road, Pittsford, N.Y. 14534 Filer: Daniel Drees STATE/COUNTY COURT JUDGMENTS R Salon Enterprises Inc. This information is obtained from the Monroe County Clerk’s Office. Creditor: Donald Cook Date filed: Dec. 4 Elm Construction Inc. 1160 Rousseau Drive, Webster, N.Y. 14580 Amount: $12,000.00 Creditor: Workers’ Compensation Board of the State of New York Date filed: Nov. 30 Lisa Geraci and We Care of Rochester Inc. 1681 Empire Blvd., Webster, N.Y. 14580 Amount: $10,016.02 Creditor: Workers’ Compensation Board of the State of New York Date filed: Nov. 30 Tyteffco Industries Inc., dba Service Master Clean 460 Buffalo Road, Rochester, N.Y. 14611 Amount: $22,172.00 Creditor: Harleysville Insurance Co. of New York Date filed: Nov. 30 Amy Burnside and S&A of Caledonia LLC, dba Shooters 8606 Neid Road, LeRoy, N.Y. 14482 Amount: $2,224.82 Creditor: Lake Beverage Corp. Date filed: Nov. 30 HD&K Mold Co. Inc. 6 Upton St., Hilton, N.Y. 14468 Amount: $7,086.04 Creditor: D-M-E Co. LLC Date filed: Dec. 2 MRC Corp. 610 Elmridge Center Drive, Rochester, N.Y. 14626 Amount: $6,750.00 Creditor: Workers’ Compensation Board of the State of New York Date filed: Dec. 4 Optometrex Inc. P.O. Box 368, Pittsford, N.Y. 14534 Amount: $339,710.00 Creditor: Aida Tadros and Anglo Tadros Date filed: Dec. 4 STATE/COUNTY COURT JUDGMENTS SATISFIED This information is obtained from the Monroe County Clerk’s Office. Alshaibi Inc. Creditor: Commissioner of Labor Date filed: Nov. 30 JM Design Construction Remodeling Inc. Creditor: Commissioner of Labor Date filed: Nov. 30 United States Contracting Inc. Creditor: Commissioner of Labor Date filed: Nov. 30 Dhenu Convenience and Dhenu Corp. 4650 Dewey Ave., Rochester, N.Y. 14612 Amount: $2,123.11 Creditor: Commissioner of Labor of the State of New York Date filed: Dec. 2 Lanovara Food Distributors Inc., LFD Liquidating Corp., Donna Locurcio and Gerald Locurcio 208 Mushroom Blvd., Rochester, N.Y. 14623 Amount: $687.85 Creditor: Commissioner of Labor of the State of New York Date filed: Dec. 2 Veneto Gourmet Pizza & Pasta Inc. 318 East Ave., Rochester, N.Y. 14604 Amount: $7,196.53 Creditor: Michigan Millers Mutual Insurance Co. Date filed: Dec. 3 Kevin Hyatt and Hyatt Group and Deacon Capital LLC 11 Evergreen Lane, Pittsford, N.Y. 14534 Amount: $77,753.94 Kaleta Property Maintenance Inc. Creditor: Commissioner of Labor Date filed: Nov. 30 Kaleta Property Maintenance Inc. Creditor: Commissioner of Labor Date filed: Nov. 30 Meadows at Westfall Inc. Creditor: Commissioner of Labor Date filed: Nov. 30 William D. Coots LLC Creditor: Okar Equipment Co. Date filed: Dec. 2 Apple Food and Grocery Inc. Creditor: Selective Insurance Date filed: Dec. 2 Matthew Groat and MUG Home Improvements Creditor: RE Michel Co. Inc. Date filed: Dec. 2 David Forsythe and Wilder-Forsythe Inc. Creditor: Joseph Giorgi Date filed: Dec. 2 MARKETPLACE LEGAL NOTICES LEGAL NOTICE Notice of formation of SOH, LLC. Arts. of Org. filed with Secy. of State of NY (SSNY) on January 16, 2008. Office location: Monroe County. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail copy of process to 1001 Lexington Ave, Rochester, NY 14606. Purpose: any lawful purpose. 2/12/10 NOTICE Articles of Org. of STRATEGIC INTERESTS, LLC was filed with NY Sec. of State (SSNY) December 30, 2009. Office in Monroe County. SSNY designated agent of LLC upon whom process may be served. SSNY shall mail copy of process to THE LLC c/o Alan N. Kinel, 41 Esplanade Dr. Rochester, NY 14610. Purpose: Any lawful purpose. 2/19/10 LEGAL NOTICE NOTICE is hereby given that an alcoholic beverage license, pending, has been applied for by Annie Shannon, Swillburg Tavern to sell beer, wine and liquor at retail in a bar/restaurant, under the Alcoholic Beverage Control Law at 989 Clinton Avenue South, Rochester, NY 14620 for on-premises consumption. 1/22/10 LEGAL NOTICE Notice of Formation of Thornwood Contracting and Inspection, LLC. Arts. Of Org. filed with Secy. Of State of N.Y.(SSNY) on 10/13/09. Office location: Monroe County. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail process to: The LLC, 15 Thornwood Dr., Rochester, NY 14625. Purpose: any lawful activity. 1/22/09 FORECLOSURE SALE (Public Sale of Collateral Under the Uniform Commercial Code) PLEASE TAKE NOTICE that, for default in the payment of debt and performance of obligations owed by PJC Technologies, Inc. (“PJC”), to C3 Capital Partners, L.P. (“Secured Par- ty”), Secured Party will, on the 29th day of January, 2010, commencing at 1 p.m. Pacific Time, at Huntington Beach Plaza, located at 17011 Beach Blvd., Suite 900, Huntington Beach, CA 92647, sell at public auction to the highest bidder the following property: All of the right, title and interest of Peter J. Casson, Trustee of the Peter J. Casson Trust Pursuant to the Third Amended and Restated Declaration of the Peter J. Casson Trust Dated October 2, 2001, as Amended (“Debtor”), in and to 100% of the capital stock issued by PJC, and all other shares of capital stock, options, rights and warrants issued to Debtor by PJC, together with all certificates, options, rights and other distributions issued as an addition to, in substitution or exchange for, or on account of, any such shares of capital stock, options, rights and warrants, all accounts, contract rights and general intangibles arising from any and all of the foregoing or relating thereto, and all proceeds of all the foregoing, whether now or hereafter owned or acquired by Debtor (referred to herein as the “Collateral”). PJC is a manufacturer of prototype and low volume, high per- formance rigid and flexible circuit boards. PJC has manufacturing facilities in Huntington Beach, California and Rochester, New York. Secured Party reserves the right to reject all bids and terminate or adjourn the sale to another time or place, or to effectuate a private sale instead of a public sale, without further publication, and further reserves the right to credit bid for the collateral at the sale. Interested parties who would like additional information concerning the Collateral, PJC or the terms and conditions of the sale, including the eligibility requirements to be a qualified bidder, should consult the following website: http://www. pjcsale.com and, if additional information is desired, contact Mark Wilser at [email protected] / (949) 2524600 x225 or Michael Cohen at [email protected] / (310) 829-9301. 1/22/10 LEGAL NOTICE On December 21, 2009, RHP Carlton, LLC, was formed in the State of New York. The County in New York in which the office is located is Monroe. On December 21, 2009, Articles of Organization were filed with the department of state in the State of New York. The street address of the principal business location is 1211 Park Avenue, Rochester, New York 14610. The Secretary of State for the State of New York has been designated as agent for RHP Carlton, LLC upon whom process against it may be served and the address where the Secretary of State may mail a copy of any process to is 3634 Sacramento Street, San Francisco, California 94118. RHP Carlton, LLC’s business purpose consists of the acquisition, ownership, operation and maintenance of real property with a common address of 1211 Park Avenue, Rochester New York 14610. 2/19/10 LEGAL NOTICE Notice of formation of RICHMOND STREET, LLC. Arts. of Org. filed with Secy. of State of NY (SSNY) on December 07, 2009. Office location: Monroe County. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail copy of process to 1001 Lexington Ave, Rochester, NY 14606. Purpose: any lawful purpose. 2/19/10 NOTICE OF ORGANIZATION Notice of formation of professional service limited liability company (PLLC). Name: Robert E. Hallstrom MD PLLC (the “Company”). Articles of Organization filed with Secretary of State of NY (SSNY) on 1/6/10. NY office location: Monroe County. SSNY is designated as agent upon whom process against the Company may be served. SSNY shall mail a copy of any such process to: c/o Phillips Lytle LLP, 1400 First Federal Plaza, Rochester, NY 14614. The Company is to be managed by one or more managers. No member of the Company shall be liable in their capacity as a member of the Company for debts, obligations or liabilities of the Company. Purpose/character of the Company: practice the profession of medicine and any and all lawful activities. 2/19/10 MARKETPLACE PAGE 36 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL LEGAL NOTICES LEGAL NOTICE Request for Qualifications To Provide Outside Legal Services (Federal Aviation Regulatory Matters) to the Monroe County Airport Au- FOR SALE Grocery/convenient store for sale. 7,000 SF, gross rent $3,500 a month. Excellent business opportunity, ample parking, located in Rochester, NY, Reduced to $45,000, call Sam (518) 369-7860 thority at the Greater Rochester International Airport. Requests for qualifications will be received by the Monroe County Airport Authority to select an experienced firm Don’t let the competition eat you up. Advertise in the Rochester Business Journal! 546-8303 REAL ESTATE EXCHANGES or individual(s) to provide legal services in a variety of aviation related matters, particularly those involving federal regulatory matters at the Greater Rochester International Airport. For the Request for Qualifications (RFQ) package, to be available on January 15, 2010, write/e-mail, call or fax Stephanie Lucania, Department of Aviation, Greater Rochester International Airport, 1200 Brooks Avenue, Rochester, N.Y. 14624. E-mail: [email protected]. Telephone 585753-7155. Fax 585-753-7008. The deadline for the RFQ is March 5, 2010. 1/22/10 LEGAL NOTICE Selling Investment Property? PAY NO TAX R. J. Gullo & Co., Inc. Qualified Intermediary For Real Estate Exchanges Notice of formation of CORPORATE FLOORS U.S.A., LLC. Arts. of Org. filed with Secy. of State of NY (SSNY) on October 07, 2003. Office location: Monroe County. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail copy of process to 1001 Lexington Ave, Rochester, NY 14606. Purpose: any lawful purpose. 2/12/10 LEGAL NOTICE Russell J. Gullo, CCIM, CEA Certified Exchange Advisor 473-2630 Bonded & Certified • 25 Years Experience www.rjgullo.com Request for Proposal Billboard Concession For the Monroe County Airport Authority Requests for proposal will be received by the Monroe County Airport Authority from qualified proposers who are interested in managing and operating a billboard concession at the Greater Rochester International Airport. For the Request for Proposal (RFP) package, to be available on January 15, 2010, write/email, call or fax Stephanie Lucania, Department of Aviation, Greater Rochester International Airport, 1200 Brooks Avenue, Rochester, N.Y. 14624. E-mail: [email protected]. Telephone 585-753-7155. Fax 585-753-7008. The deadline for Request for Proposal is March 8, 2010. 1/15/10 NOTICE OF FORMATION OF A LIMITED LIABILITY COMPANY (LLC) 1.Name: The Force Be With You, LLC 2. Articles of Organization filed with the Secretary of State of NY on 12/08/2009 3. Office location: Monroe County, address for process to be served against the LLC is: 46 Morin Circle, West Henrietta, NY 14586 1/29/10 NOTICE OF FORMATION OF LIMITED LIABILITY COMPANY. NAME: Four Points Career Counseling, LLC. Articles of Organization were filed with the Secretary of State of New York on December 28, 2009. Office location: Monroe County. The Secretary of State is designated as agent for service of process against the Company. The Secretary of State shall mail process to: 23 Newport Drive Rochester, NY 14624. Purpose: For any lawful purpose. 2/26/10 LEGAL NOTICE Notice of formation of JASCO PHARMACEUTICALS, LLC. Arts.of Org. filed with Secy. of State of NY (SSNY) on July 13, 2009. Office location: Monroe County. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail copy of process to 1001 Lexington Ave, Rochester, NY 14606. Purpose: any lawful purpose. 2/12/10 LEGAL NOTICE Notice of formation of Klein Tool Design & Manufacturing LLC. Arts. of Org. filed by sec. of state of NY (SSNY) 1/1/09. Office location: Monroe County. SSNY designated as agent of the LLC upon which process against it may be served. SSNY shall mail process to: 100 Boxart St. #105 Rochester NY 14612. Purpose: Any Lawful activity. 1/22/10 LEGAL NOTICE On December 28, 2009, RHP Mayflower, LLC, was formed in the State of New York. The County in New York in which the office is located is Monroe. On December 28, 2009, Articles of Organization were filed with the department of state in the State of New York. The street address of the principal business location is 244-250 Meigs Street, Rochester, New York 14607. The Secretary of State for the State of New York has been designated as agent for RHP Mayflower, LLC upon whom process against it may be served and the address where the Secretary of State may mail a copy of any process to is 3634 Sacramento Street, San Francisco, California 94118. RHP Mayflower, LLC’s business purpose consists of the acquisition, ownership, operation and maintenance of real property with a common address of 244-250 Meigs Street, Rochester New York 14607. 2/19/10 LEGAL NOTICE On December 21, 2009, Mayflower House, LLC, was formed in the State of New York. The County in New York in which the office is located is Monroe. On December 21, 2009, Articles of Organization were filed with the department of state in the State of New York. The street address of the principal business location is 256 Meigs Street, Rochester, New York 14607. The Secretary of State for the State of New York has been designated as agent for Mayflower House, LLC upon whom process against it may be served and the address where the Secretary of State may mail a copy of any process to is 3634 Sacramento Street, San Francisco, California 94118. Mayflower House, LLC’s business purpose consists of the acquisition, ownership, operation and maintenance of real property with a common address of 256 Meigs Street, Rochester New York 14607. 2/19/10 NOTICE TO BIDDERS Monroe County is seeking bids for the following items and/ or services. Specifications are available at www.monroecounty.gov. Sealed bids will be publicly opened at the time and date stated below. Bids must be received prior to the time shown at the Office of the Purchasing Manager: Room 200, County Office Bldg., 39 W. Main St., Rochester, NY 14614; 585-753-1100. BP#0101-10 RECONSTRUCT TAXIWAY “A” AT THE RUNWAY 4 THRESHOLD Pre-Bid: January 28, 2010 at 11:00 am at the GRIA International Arrivals Hall Spec Charge: $100.00 February 11, 2010 11:00 am BP#0102-10 CROWN VICTORIA POLICE VEHICLES February 2, 2010 11:00 am BP#0104-10 SENECA PARK ZOO-ANIMAL LIFE SUPPOR T IMPROVEMENTS-PHASE 2-PLUMBING ONLY (Rebid) Spec Charge: $100.00 February 5, 2010 11:00am Dawn C. Staub Purchasing Manager 1/22/10 NOTICE OF HEARING BEFORE COUNTY EXECUTIVE PLEASE TAKE NOTICE, that pursuant to Section 20 of the Municipal Home Rule Law of the State of New York, a public hearing will be held by the County Executive of the County of Monroe on January 27, 2010 at 9:30 A.M. in the County Legislative Chambers in the County Office Building, Rochester, New York, on a proposed local law (Intro. No. 8 of 2010), entitled “AMENDING MONROE COUNTY CODE CHAPTER 357, ARTICLE XII, TO EXTEND RESIDENTIAL-COMMERCIAL URBAN EXEMPTION (RESCUE) PROGRAM.” Copies of this proposed local law are available for examination in the office of the County Executive of the County of Monroe. This proposed legislation amends Chapter 357, Article XII of the Monroe County Code to extend the ResidentialCommercial Urban Exemption Program to the 2010, 2011 and 2012 assessment rolls. 1/22/10 MONTEMAGGI & ASSOCIATES LLC Notice of Formation of the above professional service Limited Liability Company (“LLC”). Articles of Organization filed with Secretary of State of New York (“SSNY”) on November 5, 2009. Principal business location is located at 130 West Main Street, Suite 200, Rochester in Monroe County, New York. SSNY designated as agent of LLC upon whom process against it may be served. SSNY shall mail copy of process to 130 West Main Street, Suite 200, Rochester, New York 14614, Attn: Member. Purpose: any and all lawful activities. 1/22/10 LEGAL NOTICE NY Edge CC LLC, Articles of Organization filed with N.Y. Sec. of State (SSNY) on 1/30/09. Office: Monroe County. SSNY is designated as agent upon whom process may be served. SSNY shall mail copy of process to 751 Washington Street L3-S Spencerport, NY 14559. Purpose: any lawful activities. 2/5/10 NOTICE OF CONVERSION Notice of formation of a domestic limited liability company (LLC) by way of conversion from a partnership f/k/a RMH Associates. Certificate of Conversion of 486 E. Ridge Road LLC filed with Secretary of State of NY (SSNY) on 1/11/10. NY office location: Monroe County. SSNY is designated as agent upon whom process against the LLC may be served. SSNY shall mail a copy of any such process to: 7 Van Auker Street, Rochester, New York 14608. The LLC is to be managed by one or more managers. The Certificate of Conversion does not provide a specific date of dissolution. Purpose/character of Company: any and all lawful activities. 2/26/10 LEGAL NOTICE NOTICE is hereby given that an alcoholic beverage license, pending, has been applied for by KMTK Management Inc., DBA Rose & Krown, to sell beer, wine and liquor at retail in a bar/restaurant, under the Alcoholic Beverage Control Law at 875 Monroe Avenue, Rochester, NY 14620 for on-premises consumption. LEGAL NOTICE NOTICE is hereby given that an alcoholic beverage license, pending, has been applied for by New Cantonese Restaurant Inc. to sell beer and wine at retail in a restaurant, under the Alcoholic Beverage Control Law at 3159 Winton Road South for on-premises consumption. Call 546-8303 MARKETPLACE PAGE 37 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL LEGAL NOTICES LEGAL NOTICE On December 21, 2009, Colby-Park, LLC, was formed in the State of New York. The County in New York in which the office is located is Monroe. On December 21, 2009, Articles of Organization were filed with the department of state in the State of New York. The street address of the principal business location is 1225 Park Avenue, Rochester, New York 14610. The Secretary of State for the State of New York has been designated as agent for Colby-Park, LLC upon whom process against it may be served and the address where the Secretary of State may mail a copy of any process to is 3634 Sacramento Street, San Francisco, California 94118. RHP Colby-Park, LLC’s business purpose consists of the acquisition, ownership, operation and maintenance of real property with a common address of 1225 Park Avenue, Rochester New York 14610. 2/19/10 LEGAL NOTICE NOTICE OF FORMATION OF 16 DEEP ROCK ROAD, LLC On December 9, 2009, Articles of Organization of 16 Deep Rock Road, LLC were filed with the Secretary of State of New York. The office of the limited liability company is located in Monroe County. The Secretary of State of the State of New York is designated as the agent of the limited liability company upon whom process against it may be served and the address within New York State to which the Secretary of State shall mail a copy of any process against it served upon him or her is 555 Ludwig Avenue, Buffalo, NY 14227. 2/12/10 LEGAL NOTICE Name: 300 LAND’S LANE, LLC Art. Of Org. Filed Sec. of State of NY 12/17/09. Off. Loc.: Monroe Co. SSNY designated as agent upon whom process against it may be served. SSNY to mail copy of process fo the LLC, 3 Reitz Circle, Pittsford, NY 14534. Purpose: Any lawful act or activity. 2/19/10 NOTICE OF FORMATION ALL ABOUT THE HOUSE, LLC (the “LLC”) filed Articles of Organization with the NY Secretary of State (“SOS”) on December 8, 2009. The LLC office is in Monroe County, New York. Secretary Of State was designated as agent of the LLC upon whom process against it may be served. Secretary Of State shall mail copy of process served to Mary Schwid, 5 Babcock Drive, Rochester, New York 14610. The purpose is any lawful act or activity. 12/25/09 LEGAL NOTICE On December 21, 2009, Arnold Court, LLC, was formed in the State of New York. The County in New York in which the office is located is Monroe. On December 21, 2009, Articles of Organization were filed with the department of state in the State of New York. The street address of the principal business location is 21 Arnold Park, Rochester, New York 14607. The Secretary of State for the State of New York has been designated as agent for Arnold Court, LLC upon whom process against it may be served and the address where the Secretary of State may mail a copy of any process to is 3634 Sacramento Street, San Francisco, California 94118. Arnold Court, LLC’s business pur pose consists of the acquisition, ownership, operation and maintenance of real property with a common address of 21 Arnold Park, Rochester New York 14607. COMMERCIAL PROPERTIES 126 COURT STREET. GENESEO – JUST LISTED! – Established Beauty Salon – 3 years New! All equipment, washer & dryer, mud-coat room, reception area, private shampoo area, manicure-pedicure room, Main area has 4 stations with room to expand, Private room for message-facials etc., built in sound system, handicap accessible bath. Great building Great buy! Reasonable lease. Turn Key Set Up. Owner will finance to qualified buyer. Only $49,900 call Pat Cole @585-243-2643 Call Cole Real Estate @243-2643 www.abcolerealestate.com AVAILABLE FOR LEASE Jefferson Plaza • 376 Jefferson Road AVAILABLE UNITS Range in size from 1,500 to 8,000 square feet For more information contact: Aydin Yoruk 585.272.8204 www.yorukdev.com SOUTHVIEW COMMONS Southview Commons, located in the suburb of Brighton, consists of a 42,000 square foot shopping center as well as 56,000 square feet of medical and office space. Parking is abundant, free, and accessible from White Spruce Boulevard, (Southview’s own private road) located on a major Southview Commons is located just bus route. In addition, our off the I-390 expressway, at the on-site, full-time, East Henrietta Road exit. experienced maintenance staff, is available for daily Managed maintenance issues that By may arise. For additional information contact Bill Beach at (585) 246-4115 or [email protected] AVAILABLE: 320-7,900 Sq.Ft. Professional office suites with easy access to busy Brighton-Pittsford business district • Adjacent to I-390, 490 and 590 • Fiber optics and cable on site • New renovated upscale lobbies • On site management & security • Abundant free parking, park-like setting In Brighton, on Allens Creek Rd. at Monroe Ave. Managed by: Visit our website theparkatallenscreek.com to view floor plans Call Laura Pearce at 585-244-0720 or [email protected] OPINION PAGE 38 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL Against the wind Conventional political wisdom says public officials facing re-election should throw money at voters. In preparing his executive budget plan for 2010-11, Gov. David Paterson apparently decided the conventional wisdom would be wrong this year. That, or he confronted reality squarely and realized that he has no spare money to toss around. Facing an Everest-like uphill struggle to win a full term as governor in the fall, Mr. Paterson released a budget plan this week that has something for virtually every New Yorker to dislike. The governor, saying that “the mistakes of the past— squandering surpluses, papering over deficits, relying on irresponsible fiscal gimmicks to finance unsustainable spending increases—have led us to a financial breaking point,” proposed a $134 billion spending plan that closes a projected $7.4 billion deficit through $5.5 billion in recurring spending reductions and $1 billion in increased taxes or fees, among other actions. The spending cuts include: ■ a reduction of $1.1 billion or 5 percent in school aid, with wealthier districts taking the biggest hits; ■ $1 billion in Medicaid and health care savings, including reductions to providers; and ■ more than $1 billion in reductions to state agency operational spending, including across-the-board cuts. The total budget, which includes federal funds, would increase $787 million, or 0.6 percent, from the current fiscal year. State spending would grow to roughly $80 billion, up $745 million or 0.9 percent. While welcoming the spending restraint, the Business Council of New York State Inc. and other groups that speak for employers took aim at the higher taxes and fees. Other parties, ranging from education groups to health care representatives, said the governor had cut too deeply. And importantly, Mr. Paterson’s fellow Democrats in the Legislature exhibited faint support. Does this all sound familiar? A year ago, the governor called for a fiscally responsible budget, then was overwhelmed by legislative opposition. Mr. Paterson’s 2010-11 plan is by no means perfect, but it gets many things right. At crunch time, however, that may not matter. President and publisher E D I T O Editor and vice president Managing editor Associate editor Copy editors Special projects editor Online editor Photographer Research director Reporters D V R I A L Paul Ericson Mike Dickinson Smriti Jacob Karen Beadling, James Leunk Sally Parker Molly Cappotelli Kimberly McKinzie Ashley Coon Thomas Adams, Will Astor, Andrea Deckert, Nate Dougherty, Mary Stone Velvet Spicer Reporter/editorial assistant A Susan R. Holliday E R T I S I N G Director of advertising Ray Schey Sales administrator Lisa Hand Senior account manager Linda Covington Account managers Megan Burton, Frank Stamski, Jaclyn Sutherland Classified account manager Alex Bauer Special publications/contract advertising Michelle Sanfilippo C I R C U L A T I Director of circulation Product specialist Administrative clerk P R O N Lorraine Stinebiser Rachel Cushman Angela Bryant O Art/production director Graphic designers D U C T I O N Edward C. Fowler Linda Race Buckbee, Melanie A. Watson A D M I N I S T R A T I O N Controller Administrative assistant Executive assistant to the publisher Events and special projects coordinator Rebecca Donohue Karen Keefer Ruth German Kerry McGlone Rochester Business Journal 45 East Ave., Suite 500 • Rochester, N.Y. 14604 (585) 546-8303 • Fax: (585) 546-3398 E-mail: [email protected] • www.rbjdaily.com ©2010 by Rochester Business Journal Inc. All rights reserved. No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, or any information storage or retrieval system, without permission in writing from the publisher. Rochester Business Journal RBJ (ISSN 0896-3274) is published weekly (semi-weekly the last week in December) at $79.00 a year by Rochester Business Journal Inc., 45 East Ave., Suite 500, Rochester, N.Y. 14604. Periodicals postage paid at Rochester, N.Y. Postmaster: Please send address changes to Rochester Business Journal Inc., 45 East Ave., Suite 500, Rochester, N.Y. 14604. Wicks Law saves money, combats corruption ov. David Paterson’s recent announcement that he from a small handful of general contractors who are rewill seek to repeal the anti-corruption statutes known sponsible for subcontracting for the plumbing, electrical collectively as the Wicks Law came as a shock to and HVAC work, based on their relationships with those many of those concerned about government spending. specialty contractors. This is when the potential for corJust two weeks ago the governor railed against ruption begins. When the door is closed and corruption in his State of the State speech and taxpayers can no longer keep an eye on where vowed to fight for tax relief. Why, then, at a time their money is being spent, you can bet that when our economy is suffering and everyone is taxpayer protection is the last thing anyone screaming for lower taxes, would the governor will be discussing. Some elected offi cials have described the propose a moratorium on one of the most effecWicks Law as onerous, claiming that buying tive, money-saving, anti-corruption statutes in retail through a general contractor is easier than New York? The reason may have more to do with managing the competitive bidding process to get garnering the support of those Wicks Law oppothe wholesale price. Anyone in the private sector nents that stand to gain from less transparency than with actually saving taxpayers’ money. G U E S T who has been required to get multiple bids as The bottom line for taxpayers concerned part of due diligence knows that sometimes the about government spending is easy to undertask can be onerous. Sometimes it is easier to stand. Every credible study that examined acjust go with your pal’s company. Sometimes in tual construction projects shows that the Wicks the private sector there are very positive reasons Law saves taxpayers money, and the reason is simple: It to make purchasing decisions based on your relationships. increases competition and cuts out the middleman. But when government purchasing is relationship-driven, The Wicks Law requires that municipalities in Upstate we start to get into a murky area where the cost and priNew York doing construction in excess of $500,000 seek orities of the taxpayer become secondary. competitive bids directly from plumbing, electrical and The Wicks Law was enacted to make sure that doesn’t HVAC contractors in addition to the general contractor. happen. When unscrupulous contractors fi nd they are This means that four separate prime contracts are let di- shut out because they don’t have a relationship, you can rectly by the municipality, without the middleman markup bet some will try very hard to develop one. Wicks helps of having to go through a general contractor. through transparency and competitive bidding to ensure Under Wicks, every responsible contractor capable of do- that taxpayers are getting honest value for their money, ing the job can bid directly on the work. Small shops and that the job is done right and that corrupt politicians are upstarts have the same chance as the big guys because the not making backroom deals with contractors. If some lowest bidder gets the job. Specialty contractors keep their elected offi cials fi nd their job of spending taxpayers’ bids lean because they are doing business directly with the money in a transparent and cost-effective manner to be municipality, they know the terms up front and they don’t onerous, maybe they should look for another one. have to play the favorites game with the general contractor. Taxpayers and business owners throughout the state There is no middleman and no preferential treatment. need to stand against the governor’s proposal to do away All the bids are opened at the same time for all to see, and with the Wicks Law. We simply can’t afford the added the specialty contractor with the sharpest pencil walks costs and potential for corruption. Shady dealings won’t away with the job. That is the kind of competition that get our economy moving; they will only create a fight for the crumbs that are left. keeps costs low and saves taxpayers money. When it comes to taxpayers’ money, let’s keep the comWithout Wicks, competition goes down dramatically and the costs go up, because only those specialty con- petition up, the costs down and the cronies out. tractors willing to play ball with the general contractor Clarke Condé is director of the Rochester Building & are invited to bid. Without Wicks, the municipality hires Construction Trades Council. G OPINION “After January it was almost literally the moment when the radioactive cloud drifted into our airspace here.” —Rochester Philharmonic Orchestra Inc. president and CEO Charles Owens, on the impact of the recession on RPO revenues in early 2009 SNAPPOLL 53% oppose Obama’s plan for fee on big financial firms PAGE 39 JANUARY 22, 2010 ROCHESTER BUSINESS JOURNAL More than half support higher tax on bonuses of bailed-out execs By a fairly narrow margin of 53 percent to 47 percent, respondents to this week’s RBJ Daily Report Snap Poll oppose President Barack Obama’s proposed “financial crisis responsibility fee.” The proposed bank tax would be levied on the largest financial firms to recover “every single dime the American people are owed” for bailing out the nation’s financial sector, Obama said. Small, community banks would be exempt. The fee would apply only to financial firms with more than $50 billion in assets. Separately, some Capitol Hill lawmakers also want a 50 percent tax on bonuses exceeding $50,000 at financial firms that received bailout money. According to the Wall Street Journal, major U.S. banks and securities firms are on track to pay their employees roughly $145 billion for 2009, a record sum. Slightly more than half of Snap Poll respondents support this proposed tax on bonuses. Roughly 825 readers participated in this week’s poll, which was conducted Jan. 18 and 19. Do you support President Barack Obama’s proposed bank tax? No: 53% Yes: 47% Separately, do you support a proposed 50 percent tax on bonuses exceeding $50,000 at banks that received bailout money? Yes: 52% COMMENTS: By current taxation laws, large bonuses are already taxed heavily, possibly near 50 percent. The lack of large bonuses has largely contributed to New York State’s financial woes. Without large Wall Street bonuses, New York State does not collect its customary large taxation. No need to tax bonuses beyond where they are now. The Feds get their “cut,” too. —Randy White, president and CEO, J.N. White Designs I support regulations that will instill a corporate philosophy for long-term growth over the quick profit. I am not sure this new tax will do that, and most likely the banks will pass along the cost to their customers. But these too-large-to-fail banks need to pay back what it cost the taxpayers; a lot of back-door money ended up going to them to keep them afloat. Maybe it is time to use the current antitrust laws to break the bigger banks up. —Michael Knox, Bidders Guide I believe this will cause the bank to take this money from the customer. We the people will end up paying for this, not the bank. Also bonuses are already supplemental pay and should be taxed at the higher rate, which is close to 43 percent now. —J. Doran This should have been instituted as part of the initial package and be required for all banks, not just big ones. (I have no affiliation with any of the banks.) This is wrong. —Bruce Bowen Any tax is a tax on the people, paid by the people. This a corporate board/investor issue. The government needs to bring this compensation issue to the boardroom as an investor and educate the public sector. —Bradley Moyer, ROC IT Solutions The banks should have been allowed to fail. They continue to abuse the system, and the government is a sucker for punishment. Take your money out of the big banks and get it into local No: 48% banks and credit unions! That may teach them more of a lesson than some minor tax. —Matt Petrangelo Any way you cut it, we don’t win. But before bonuses are paid, I would think the debt should be repaid. —David DeMallie Although I view the bonuses as unethical and immoral, punishment of success will have a demotivating effect on more than just the Wall Street crowd. We should consider how we will take the high ground rather than grovel in the muck with the carpetbaggers of Wall Street. Emotionally, we all want to lash out at those bums. Intellectually, we want to make sure this does not happen again. —Bill Lanigan, Chamberlin Rubber In no way do I trust that the taxpayer would benefit from this at all. Just one more way for the government to hinder business and put us farther away from any lasting recovery. —Kyle Cleary This is the height of bait and switch. The incentive for banks to pay back the loans quickly was to get the government out of their knickers. Now they get to “share” some more by paying off the loans to other banks that didn’t/couldn’t get back on sound footing enough to satisfy their obligations. The hard-working get punished for their hard work and belt-tightening. So the message is don’t bother paying off your loans, because you’ll just get taxed anyway and end up paying twice. Hey, maybe I can get my mortgage paid off this way. I’ll stop paying and the bank can raise rates on the rest of you poor schlumps who are paying on time. —Jim Garnham, Penfield The first thought of any lawmaker proposing a new tax should be “Is it constitutional?” This proposal clearly is not, since it cherry-picks which banks will be subject to it and excludes other TARP recipients, such as GM. —George Dounce For more comments, go to rbjdaily.com. To participate in the weekly RBJ Snap Poll, sign up for the Daily Report at rbj.net/dailyreport.asp. Present audience your message to the best in Rochester. Join the RPO in celebrating the inaugural season in Kodak Hall at the Eastman Theatre. We are proud to offer advertising opportunities in BRAVO, the official magazine of the RPO, for the 2009/2010 season. To reserve your advertising space today, call Michelle Sanfilippo at 585.546.8303 or email msanfi[email protected]. Photo courtesy of University of Rochester ROCHESTER BUSINESS JOURNAL / RBJDAILY.COM JANUARY 22, 2010 Achievement Health Care Awards 2010 Reserve TODAY! 2010 HEALTH CARE ACHIEVEMENT AWARDS Featuring keynote speaker Dr. Walter Brooks Teledermatology…Serving in the 21st Century Dr. Walter Brooks started his medical training at the University of Rochester and continued there through his medical degree. He was an internal medicine resident at Rochester General Hospital before moving to a dermatology residency at the University of Pittsburgh. He has been in private practice since 1988 and is a clinical assistant professor in the University of Rochester department of dermatology. Friday, March 5, 2010 Rochester Plaza Hotel • Noon - 1:30 p.m. For tickets, visit go.rbj.net/events. Sponsored by: LLP PAGE 40