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
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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.
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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.
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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
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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
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PROFILE
PAGE 10
JANUARY 22, 2010
ROCHESTER BUSINESS JOURNAL
Finding wider audience for historic heroine
Executive Director Deborah Hughes
W
leads the Susan B. 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
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“In the last year we had an aggressive
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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
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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.
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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
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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
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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
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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
†‹•…—••–Š‡ƒ†‹••‹‘’”‘…‡••ǡ’”‘‰”ƒ†‡•‹‰ƒ†…—””‹…—Ž—ǡƤ‡Ž†
experiences, dissertation requirements, and learning outcomes.
Wednesday, January 27, 2010, 5:30 p.m.
‹Ž•‘‘”ƒŽ‘—‰‡‹ƒơ‡›ƒŽŽ
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.
‘”‘”‡†‡–ƒ‹Ž•ƒ„‘—––Š‡ˆ‘”ƒ–‹‘‡••‹‘•ǡ’Ž‡ƒ•‡…‘–ƒ…––Š‡ƥ…‡‘ˆ
”ƒ†—ƒ–‡
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.
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For 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].
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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.
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FOR HEALTH
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PROFESSIONALS
s#REATIVE!RTS
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s!RT"USINESS
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FOR TEAM
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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
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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
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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
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T
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Director of circulation
Product specialist
Administrative clerk
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Lorraine Stinebiser
Rachel Cushman
Angela Bryant
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Art/production director
Graphic designers
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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
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Rochester Business Journal
45 East Ave., Suite 500 • Rochester, N.Y. 14604
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E-mail: [email protected] • www.rbjdaily.com
©2010 by Rochester Business Journal Inc. All rights reserved.
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Periodicals postage paid at Rochester, N.Y.
Postmaster: Please send address changes to Rochester Business Journal Inc., 45 East Ave.,
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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
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