May 19 - Crain`s Cleveland Business
Transcription
May 19 - Crain`s Cleveland Business
20140519-NEWS--1-NAT-CCI-CL_-- 5/16/2014 2:00 PM Page 1 $2.00/MAY 19 - 25, 2014 PHOTO ILLUSTRATION: REBECCA R. MARKOVITZ; DOLLAR: FOTOLIA; MANZIEL, NFL LOGO: GETTY IMAGES Fed’s cuts are adding concern at NASA Glenn Local officials and union leaders worry job losses are next By CHUCK SODER [email protected] HE’S THE MONEY MAN Manziel mania has been a huge boon to Browns and many others since NFL draft By KEVIN KLEPS [email protected] fter Johnny Manziel was selected by the Cleveland Browns with the 22nd overall pick in the NFL draft on Thursday, May 8, he strode across the stage at Radio City Music Hall with both hands raised. It wasn’t a triumphant pose. Instead, it was Manziel’s trademark money gesture — the quarterback rubbing his fingers together in a move popularized by rapper Drake. That image — Manziel the money-maker — appeared on a regional cover of the May 19 issue of Sports Illustrated, and it might as well be a sign for the Browns and many businesses in Northeast Ohio. A cash cow has arrived. By Monday afternoon, May 12, the Browns had 20 A sold 3,000 season tickets since the selection of Manziel. His No. 2 Browns jersey was the top seller on NFLShop.com since April 1, topping the likes of Super Bowl champion quarterback Russell Wilson and Peyton Manning, the league’s most popular pitchman. For impatient fans who didn’t want to wait four to six weeks for a jersey to arrive in the mail, the Cleveland Browns’ team shop at FirstEnergy Stadium has been churning out Manziel gear at a frenetic pace — until it ran out of the synthetic material used to press Manziel’s No. 2 onto a Browns Nike top. The Manziel phenomenon is so widespread that Ken Ungar, president of U/S Sports Advisors, an Indianapolis-based sports and entertainment marketing agency, compares the rookie QB not to the Denver Broncos’ Manning or the New Eng- land Patriots’ Tom Brady, but to Joe Namath — aka “Broadway Joe.” “(Manziel) is the type of personality that can not only transcend football, but be the link to sports and entertainment, which Namath was,” Ungar said. “If you look at what Manziel has done so far, he’s trending a similar path to Namath.” Browns’ business is ‘winning’ The Browns have been quick to pump the brakes on the runaway publicity train that is Johnny Football. Team owner Jimmy Haslam told a packed house at a Pro Football Hall of Fame luncheon in Canton that Manziel “is the backup” QB to Brian Hoyer, and the Browns were criticized by some in the national media last week for limiting access to a rookie minicamp held in Berea. See MONEY Page 20 A series of budget cuts has wounded NASA Glenn Research Center at a particularly bad time. The cuts have stopped NASA Glenn from pumping tens of millions of dollars into two big high-tech projects — projects that could help protect the center at a time when the broader federal agency is looking to jettison resources it doesn’t need. In response, local officials are trying to help NASA Glenn win federal funding for at least one of those space technology projects. Because without that money, there’s a real risk that more work could be moved from NASA Glenn to larger NASA centers in other states, according to officials from the Greater Cleveland Partnership and the union representing scientists and engineers at NASA Glenn. That’s bad news for the center’s 3,300 employees and contractors, given how many other costs NASA Glenn already has cut in recent years, according to Nick Gattozzi, vice president of government advocacy at the Greater Cleveland Partnership, which is the region’s chamber of commerce. See NASA Page 6 INSIDE: NASA Glenn hasn’t received nearly as much research funding as the White House wanted. Page 6 0 NEWSPAPER 74470 83781 7 REAL ESTATE ALMOST THERE Long-awaited final phase of the Four Seasons complex in Beachwood nears completion ■ Page 5 Entire contents © 2014 by Crain Communications Inc. Vol. 35, No. 20 20140519-NEWS--2-NAT-CCI-CL_-- 2 5/16/2014 3:48 PM Page 1 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MAY 19 - 25, 2014 700 W. St. Clair Ave., Suite 310, Cleveland, OH 44113-1230 Phone: (216) 522-1383 Fax: (216) 694-4264 www.crainscleveland.com IS YOUR DENTAL PLAN OVERDUE FOR A CHECKUP? 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Plus tax, title, license & doc. fee (MSRP: $40,558) (st#9021082) in-stock only CLASSIC DRIVECLASSIC.COM Offers end 5/31/14 20140519-NEWS--4-NAT-CCI-CL_-- 4 5/16/2014 2:01 PM Page 1 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MAY 19 - 25, 2014 Tanglewood is on rebound DEVELOPMENT SITE Up-and-down golf course benefiting from $1 million in recent investments 52&.6,'(52$' %(')25'+(,*+762+,2 By DAN SHINGLER [email protected] $FUH6LWH 3URSHUW\FDQDFFRPRGDWH D6)EXLOGLQJ )RUPHUO\XVHGDVDKRWHO 5RFNVLGHH[LWRIIRI,LVDW WKHIURQWGRRURIWKHEXLOGLQJ Visit TerryCoyne.com For more information contact our licensed real estate salesperson: Terry Coyne 216.453.3001 [email protected] 1350 Euclid Ave, Ste. 300 Cleveland, Ohio 44115 GO TO The advisors for colleges and universities The challenges are greater than ever. We have the business and legal experience to create comprehensive solutions. We are your GO TO team. Tanglewood Golf Course is looking a lot more sorted out these days — thanks to more than $1 million in recent investments in the course and facilities. It will need to be at its best if it’s to compete in an industry where the courses are still plentiful, but the number of playing customers is dwindling significantly. But new general manager Tom Scheetz — who formerly helped build and manage other notable local courses, including Little Mountain Country Club in Concord and StoneWater Golf Club in Highland Heights — thinks his course is up to the challenge. “When we get stretches of good weather, we’ve been very busy already,” Scheetz said on a recent cool and rainy Wednesday that still managed to attract a few players and lesson-takers to the course. Hidden away in a forested hous- Michigan-based holding company is expanding bank’s NE Ohio presence By MICHELLE PARK LAZETTE [email protected] $IJDBHPr$MFWFMBOEr$PMVNCVTr%FUSPJUr.JBNJr8FTU1BMN#FBDI Fueled by new capital and new ownership, First Place Bank of Warren — an institution acquired early last year from its bankrupt parent company — is now Talmer Bank and Trust, armed with more than a dozen new lenders and operating new corporate offices near Cleveland. Talmer Bancorp Inc., Talmer Bank’s holding company based in Troy, Mich., doubled its assets when it closed its acquisition of and recapitalized First Place Bank in January 2013. Since last May, Talmer locally has hired a net additional 14 commercial bankers, bringing that team to a total of 35, and it opened offices in late April in more than 6,500 square feet in Solon. In the same month, it hired a region president for the Mahoning Valley, too. Still, Talmer executives acknowledge their brand is relatively foreign in these parts of Northeast Ohio. While First Place had a presence in Mahoning Valley, “we were just Ranked #4 Among Fastest-Growing Chains Ranked by % annual growth in number of locations for fastest-growing limited service chains in Technomic’s Top 500 Chain Restaurant Report (2012) Ranked Top 5 in Annual Growth in U.S. Franchise Units Nation’s Restaurant News 2013 Franchises Available Multi Unit opportunities available in Cleveland, OH; Cincinnati, OH and Indianapolis, IN Come grow with us. timhortons.com/franchise This advertisement is not an offering. An offering can only be made by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the Department of Law. Tim Hortons USA 4150 Tuller Road, Suite 236, Dublin, OH 43017 MN Reg # 6441 ing development off Route 306 near Bainbridge, the course always has been a favorite of better players. Known as a “tough track,” in locker room parlance, the course has been ranked as one of the toughest in the area. No one has ever carded a score lower than 67 there, even though it has hosted plenty of professional players. It opened in 1967 and has hosted such tournaments as the LPGA’s Babe Zaharias Classic, the Ohio Open and, in 1972, the PGA Tour’s last Cleveland Open. Famous golfer Fuzzy Zoeller once said “set the tees to the blues, grow the rough and you’ve got an (U.S.) Open Course. In the 1980s and ’90s, the place was a hot spot for celebrities, wealthy businessmen and the occasional wild party or even brawl. Bernie Kosar and other sports stars were regulars, and the tees and greens were generally crowded and well-groomed. See TANGLEWOOD Page 9 Talmer gets ‘in the game’ here McDonald Hopkins LLC 4VQFSJPS"WF&BTU4VJUF$MFWFMBOE0)r Carl J. Grassi, President Shawn M. Riley, Cleveland Managing Member mcdonaldhopkins.com DAN SHINGLER Tom Scheetz, the new general manager at Tanglewood Golf Course, says the facility has been “very busy” despite the rough weather this spring. Shafer Lynch really not in the game in Cleveland,” said Thomas C. Shafer, vice chairman of Talmer. But executives aim to be, particularly in the commercial banking space. “We have virtually no brand recognition in Cleveland, but the team we’ve been able to attract … are senior bankers,” said Jamie Lynch, executive managing director and region president for Ohio. “These people have significant influence in the marketplace. Our team has intimate knowledge of Northeast Ohio.” Excluding loans from another bank acquisition in early 2014, net total loans grew by $84.8 million, or 11.5% annualized, in the three months ended March 31, Talmer reported recently. “First Place was very distressed for a while,” said Charlie Crowley, managing director in the Beachwood office of investment banking firm, Boenning & Scattergood Inc. “They were looking to shrink the balance sheet in order to maintain their capital ratios at a desired level. So, turning the page from the Volume 35, Number 20 Crain’s Cleveland Business (ISSN 0197-2375) is published weekly, except for combined issues on the fourth week of December and fifth week of December at 700 West St. Clair Ave., Suite 310, Cleveland, OH 44113-1230. Copyright © 2014 by Crain Communications Inc. Periodicals postage paid at Cleveland, Ohio, and at additional mailing offices. Price per copy: $2.00. POSTMASTER: Send address changes to Crain’s Cleveland Business, Circulation Department, 1155 Gratiot Avenue, Detroit, Michigan 48207-2912. 1-877-824-9373. REPRINT INFORMATION: 800-290-5460 Ext. 136 time of distress to being part of a very healthy, well-capitalized buyer is a big difference.” Talmer’s story begins with its founding in 2007 as a small bank called First Michigan Bancorp Inc., which later was renamed. Backed by private equity capital, the bank’s executives sought to buy failed banks during a time when capital was flowing away from the Midwest, Shafer said. And they have: Talmer since April 2010 has executed seven acquisitions, four of them in Michigan. Its acquisition of First Place Bank followed the bankruptcy filing by First Place Bank’s parent, First Place Financial Corp., in October 2012. The formal consolidation of the banks’ charters took place this February. Talmer Bancorp more recently completed a roughly $250 million initial public offering in February, a move designed to provide liquidity to Talmer’s private equity backers, Shafer said. The company retained more than $40 million, executives said. So, while the priority is to grow Talmer through existing operations, both Shafer and Lynch said additional acquisitions are plausible. “We are open to continuing to grow through acquisition in Northeast Ohio,” Shafer said. “Most importantly, we think we can grow through organic growth.” ■ Subscriptions: In Ohio: 1 year - $64, 2 year - $110. Outside Ohio: 1 year - $110, 2 year - $195. Single copy, $2.00. Allow 4 weeks for change of address. For subscription information and delivery concerns send correspondence to Audience Development Department, Crain’s Cleveland Business, 1155 Gratiot Avenue, Detroit, Michigan, 482079911, or email to [email protected], or call 877824-9373 (in the U.S. and Canada) or (313) 446-0450 (all other locations), or fax 313-446-6777. 20140519-NEWS--5-NAT-CCI-CL_-- 5/16/2014 4:34 PM Page 1 MAY 19 - 25, 2014 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM 5 INSIGHT Cleveland doesn’t want to waste its trash City is giving another chance to idea of finding private partners to convert garbage into steam, electric power By JAY MILLER [email protected] The city of Cleveland is hoping to team up with private partners to make a second run at turning its trash into electric power. At a meeting last Thursday, May 15, the city outlined its plan to convert a large portion of its solid waste into a renewable fuel supply — engineered fuel pellets. The plan foresees the city joining with two companies that would build separate plants to turn the solid waste into steam and electric power. One company that city would contract with would build a plant that manufactures the fuel pellets. That plant would sell the fuel pellets to another new plant, this one built by Cleveland Thermal LLC, a longtime Cleveland company that currently sells steam and chilled water to heat and cool downtown buildings. Cleveland Thermal’s new plant also would generate electricity that would be sold to city-owned Cleveland Public Power. The purpose of last week’s meeting was to introduce the plan to companies that might be interested in building and operating the plant that would make the fuel pel- lets. The city has issued a request for proposals, or RFP, that is due June 15. Ken Silliman, Cleveland Mayor Frank Jackson’s chief of staff, told the roughly 50 attendees that the proposal is “a win-win-win-win.” Under the plan, the city would improve its trash hauling operation, Cleveland Thermal would update its aging and environmentally inefficient physical plant and the winning bidder would get a new business opportunity with a builtin customer base. In addition, city-owned Cleveland Public Power would get a low- “(The proposal is) a win-win-win-win.” – Ken Silliman chief of staff for Cleveland Mayor Frank Jackson, on plan to convert city’s solid waste into a renewable fuel supply cost source of electricity. The city also might find a use for part of a property it owns in the Flats if the winning bidder and Cleveland Thermal choose to put their new plants there. See TRASH Page 20 MesoCoat is leading big sand battle Euclid startup is working with Canadian school to find better way to protect pipes from wear and tear By CHUCK SODER [email protected] MesoCoat is moving into “Ice Road Truckers” territory. The Euclid-based startup has spent the past few years developing a faster, cheaper way to protect steel pipes from corrosion. But corrosion isn’t the only enemy faced by energy companies working to pull tar-like petroleum out of the ground in northern Canada. MesoCoat is about to start working with a technical school in Canada to optimize a new method of protecting pipelines from another problem: wear and tear. The school, the province of Alberta and a group called Western Economic Diversification Canada have chipped in about $3 million for the project. Meanwhile, MesoCoat and its majority owner, a Miami-based investment firm called Abakan Inc., are throwing in another $1.2 million, according to documents Abakan filed with the U.S. Securities and Exchange Commission. The effort aims to solve a multibillion-dollar problem. There’s a reason why the thick petroleum being pulled from the ground in northern Alberta often is referred to as “oil sands” or “tar sands” — it’s packed with sand. And sand is abrasive. It tears up pipes as it flows from the mine to processing facilities that separate the sand from the oil, and then the sand is pumped back to the mine, causing more damage. It’s expensive to buy super-strong pipes. Thus, every few months energy companies have to cut each piece of pipe, rotate it and put it back, unless it needs replaced. But that process is expensive, too, mainly because companies can’t pump anything through those pipes while they’re being rotated or replaced. See MESOCOAT Page 8 INSIDE: MesoCoat enlists NASA’s help in development of plasma arc lamp that will aid efforts to protect pipes from corrosion. Page 8 FINISHING TOUCH FOR FOUR SEASONS Final building in 440-suite complex nears completion — 25 years after previous phase opened in Beachwood By STAN BULLARD [email protected] B ehind the gated and guarded entrance of Four Seasons apartments near Beachwood Place mall in Beachwood, construction workers are finishing the final phase of the apartment complex — 25 years after the prior phase opened. Jordan Goldberg and Eric Bell, principals and third-generation operators of the family-owned Goldberg Cos. real estate firm, are devoting themselves and several million dollars to making sure it was worth the wait. Consider what they have to work with — and the bar they have to surpass in a time with different tastes as apartment development surges in Northeast Ohio at a scale not seen since the 1970s. The previous building at Four Seasons shows the high-water mark of prior multifamily development in the region. Referred to as Four Seasons III, that structure opened in 1989 at 26600 George Zeiger Dr. and boasts a nine-story glass atrium. The opulent atrium is done in an Italian renaissance style with ornate balconies and a sky-blue wall. Penthouse suites have views of the horizon; its suites exceed most in the region in size, and its in-suite laundries were the height of luxury in the late-’80s. See FOUR SEASONS Page 8 STAN BULLARD PHOTOS Eric Bell, left, and Jordan Goldberg, the principals and third-generation operators of the family-owned Goldberg Cos., are devoting a lot of their time to Four Seasons IV (above) — the final building in a 440-suite complex near Beachwood Place mall. 20140519-NEWS--6-NAT-CCI-CL_-- 6 5/16/2014 2:02 PM Page 1 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MAY 19 - 25, 2014 2182 E. Aurora Rd., Twinsburg, OH SALE OR LEASE • 27,200 Total SF (Not Including Storage Bldg.) • 2 Truck Docks • 1 Drive-In Door • 16’ Ceiling Ht. FOR MORE INFORMATION, CONTACT: Michael J. Occhionero • • • • • 1 - 2 Ton Crane 1 - 5 Ton Crane 20 JIB Cranes 2.0 Acres Close to I-480 & Rt. 82 seventy-fifth 75 NASA: ‘There’s only so much’ to cut anniversary continued from PAGE 1 216-861-7200 www.ostendorf-morris.com global commercial real estate services Do you know your lender? Cooperative Business Services and Golden Circle Credit Union offer you ORFDOÀQDQFLQJ\RXFDQWUXVW Jonathan Mokri 440.526.8700 [email protected] www.cbscuso.com Aggressive Financing up to $10,000,000! Commercial Real Estate Financing (Owner Occupied or Investment) 3XUFKDVHRU5HÀQDQFHPDFKLQHU\ equipment or other capital assets SBA 7(a) and SBA 504 loans (10% down) “There’s only so much you can cut. At some point, you’re going to get to employees,” he said. The Brook Park-based center has a lot of expertise related to aeronautics and technology development, but much of the work it does related to space travel — the biggest piece of NASA’s budget — is doled out by other NASA centers. Not having a leadership role on a marquee space technology project could make NASA Glenn’s budget vulnerable to more cuts, according to Sheila Bailey, president of the Lewis Engineers and Scientists Association, a union at NASA Glenn. For one, a NASA committee is trying to figure out how the overall federal agency can reduce the number of facilities it uses and cut other costs. It would be easier for that committee to move certain functions and projects if they are led by other centers, Bailey said. That prospect should concern employees at some of the NASA’s smaller, research-focused centers, she said. “I think there are a lot of people … at Glenn and Ames and Langley that are worried about that,” she added. Falling into a gap Providing Commercial Loan Financing in Partnership with Area Credit Unions WHAT IGNITES YOU? NORTHEAST OHIO MEDICAL UNIVERSITYChanging Lives, Expanding Knowledge For more than 40 years, Northeast Ohio Medical University has been changing the lives of individuals in the region through the innovative teaching of tomorrow’s physicians, SKDUPDFLVWVSXEOLFKHDOWKRI¿FLDOV and health care researchers. Dedicated to its mission of education, research and service, Northeast Ohio Medical University continues to improve the quality of health care and make a strong economic impact in Northeast Ohio and beyond. neomed.edu SM Not having a lead role on a marquee project also makes it easier for Congress to shift money from NASA Glenn to larger centers with more political influence — or for larger centers to simply stop sending work to NASA Glenn, Bailey said. Congress certainly hasn’t been kind to NASA Glenn lately. For a few years now, lawmakers have blocked the White House’s efforts to give more money to the center. Instead, NASA Glenn’s budget has dropped by $126 million, or 18%, over the past five years. Granted, Glenn is still slated to get about $581 million during this fiscal year, which is roughly in line with its budgets from 2008 and 2009. But the White House wanted the center to receive a lot more money, especially for its space technology budget. Congress, however, hasn’t followed the Obama administration’s lead. It started when the administration said Glenn should get $126 million for space technology during the fiscal year that ended on Sept. 30, 2013. Congress didn’t listen. So instead, Glenn got $54 million. And then the gap widened: For the current fiscal year, the administration upped its proposal to $168 million. Instead, the center’s space technology budget was set at $33 million. The lack of funding pushed Glenn to severely scale back the ambitions of its two biggest space technology projects. One of the project teams — which is developing a way to transport super-cold fuels through space — is slated to get just $7.5 million during the current fiscal year. That’s 10 times less than what the White House proposed. So instead of testing the technology in flight, they’ll have to do it on the ground. Here comes the sun Another team developing a solarpowered space propulsion system should get $12.6 million this fiscal year, a third of the proposed amount. That propulsion system is especially important to NASA Glenn’s future, according to the union and the Greater Cleveland Partnership. They’re pushing hard to help the project win $62 million in federal funding next year, which is about five times what it receives now. And Bailey said she’s optimistic they could succeed. The NASA Glenn union — a chapter of the International Federation of Professional & Technical Engineers — has been lobbying Congress with the help of other NASA IFPTE chapters. The group got “a good response” from members of the U.S. House of Representatives, she said. The budget bill going through the House would give the federal agency slightly more money in fiscal 2015, and the way the bill allots the money comes close to what the union chapters asked for, Bailey said. The bill doesn’t say how much money NASA Glenn would receive, but Bailey said there’s reason to believe Ohio would be treated well. Three Ohio representatives sit on the powerful House Appropriations Committee, including Marcy Kaptur, D-Toledo, whose district includes both NASA Glenn’s main campus and Plum Brook Station, near Sandusky. Plus, last month, Bill Johnson, R-Marietta, was named to the Science, Space, and Technology Committee, which sets NASA policy. Spheres of influence The Senate is another story. The chamber, which has yet to propose a budget for NASA, typically provides more money for NASA than the House does, but no one from Ohio sits on the Senate Appropriations Committee. Other NASA centers have much more influence: The chair of the committee, Barbara Mikulski, fights hard for Goddard Space Flight Center, in her home state of Maryland; the vice chair, Alabama’s Richard Shelby, does the same for Marshall Space Flight Center. They make it hard for centers like NASA Glenn to compete for funding and projects, according to Gattozzi, of the Greater Cleveland Partnership. “It matters when … the agency administrator is sitting at a hearing table, and that (committee) member is asking specific and direct questions that are important to that member’s center or state,” he said. Gattozzi said he believes that NASA Glenn has the technical expertise to lead the development of the solar propulsion system and other high-tech projects. But if the center doesn’t take on more of a leadership role when it comes to space travel projects, he fears that more work will leave Glenn for other states. If that keeps happening, it would be easier, politically, to close NASA Glenn, Gattozzi said. “We want to avoid the death-bya-thousand-cuts scenario,” he said. BRAC to the future? NASA is in cost-cutting mode. Last year, the agency’s inspector general issued a report reiterating that NASA has too much property, too much redundant equipment and too many old buildings. The report noted that NASA may need to put together an outside group similar to the Pentagon’s Base Realignment and Closure Commission in order to consolidate or eliminate facilities. For now, NASA’s internal Technical Capability Assessment Team is assessing the problem itself, and Bailey prefers it that way. She doesn’t think anyone at NASA is going forward with efforts to create a Pentagon-style BRAC commission. That internal committee is designed to help NASA leadership “make informed decisions on investing/divesting strategically within the budget,” according to information Bailey forwarded from an internal NASA web page. It’s unclear whether that committee would recommend closing down many facilities, or whether it would go so far as to recommend closing an entire NASA center. That idea is unpopular, but it keeps coming up, Gattozzi said. “Every couple of years, buried in a document, is a phrase that talks about shuttering … centers,” he said. ■ 20140519-NEWS--7-NAT-CCI-CL_-- 5/15/2014 11:20 AM Page 1 Our best-ever pricing on Mobile Share Value Plans for business... ® ...now with a year of FREE high-speed Internet. Take advantage of our best-ever pricing on AT&T Mobile Share® Value Plans for business and get up to a year of FREE high-speed Internet.* AT&T Mobile Share® Value Plans with: Unlimited talk and text. 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All other marks are property of their respective owners. 20140519-NEWS--8-NAT-CCI-CL_-- 8 5/16/2014 3:50 PM Page 1 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MAY 19 - 25, 2014 NASA’s help with lamps has been key By CHUCK SODER [email protected] MesoCoat needed to control the power of the sun, so it makes sense that the Euclid company asked NASA for help. MesoCoat aims to change the way the oil and gas industry protects pipes from corrosion and wear-and-tear. But the tool that gives the process its power — a plasma arc lamp — sometimes can be too strong for its own good. MesoCoat developed a way to use plasma arc lamps to bond protective metal coatings onto steel pipes. The process worked great on small lengths of pipe. But a problem emerged last year, once MesoCoat built a plant capable of using its CermaClad process on longer pieces. Its plasma arc lamps were run- Upcoming Editorial Feature THE BENEFITS OF VETERANS Tapping into the skills of a dedicated portion of the work force. Issue date: June 30 Ad close: June 19 Materials due: June 24 Book your ad today. Contact Nicole Mastrangelo at 216-771-5158 or [email protected]. ning for hours on end, at peak power levels. And the certain components couldn’t handle it, according to MesoCoat founder Andrew Sherman Sherman. Mattson Technology — a Fremont, Calif.-based company that sells semiconductor manufacturing equipment — didn’t have much interest in developing a lamp that could endure that kind of use. So MesoCoat decided to develop its own lamp. But how to solve the problem? Well, a plasma lamp “almost exactly simulates the surface of the sun,” just at a lower intensity level, according to Sherman. And researchers at NASA Glenn Research Center know a lot about plasma lamps and materials that can handle extreme environments. Thus, MesoCoat asked for help through the Adopt a City program. MesoCoat is able to receive up to 40 hours of technical assistance for free through the program, which is administered by Magnet, the Cleveland-based manufacturing advocacy group. Program participants also are eligible to receive loans from the city of Cleveland and Cuyahoga County, but MesoCoat hasn’t applied for the money. NASA Glenn has helped MesoCoat a lot, Sherman said. The company now is running tests on new components that use a temperature-resistant copper alloy created at Glenn. “We are already routinely running components that have much better lives because of the collaboration,” Sherman said. ■ MesoCoat: Two years of testing awaits continued from PAGE 5 However, MesoCoat aims to provide a cheaper way of making standard pipes stronger, with the help of a plasma arc lamp that causes the company’s protective coatings to bond with the inside of the pipe. It’ll be a while before the wearresistant version of MesoCoat’s CermaClad technology is ready. MesoCoat and the technical school, the Northern Alberta Institute of Technology, plan to spend roughly two years testing and tweaking the technology. Even so, companies working in Canada’s oil sands region already have shown interest in the technology: More than 20 energy companies and suppliers working in the area belong to a consortium that’s involved with the project, according to MesoCoat founder Andrew Sherman. “A number of them are actually contributing time and effort and resources to this project,” Sherman said. If MesoCoat can indeed prove it has a better, cheaper way to protect pipes from wear and tear, selling the technology will be easy, according to CEO Stephen Goss. “They will be knocking our door down,” Goss said. Combined, corrosion and wear and tear cost Canada’s oil sands industry about $10 billion per year in maintenance and downtime, according to an interview that Alberta Oil magazine conducted in March with John Wolodko, director of an energy industry consortium called Materials and Reliability in Oil Sands. That market is plenty big, but lots of other abrasive materials — iron ore, coal and rock — are transported by pipe in slurry form, according to Goss. “That’s exactly why we say the market is much bigger than just oil,” he said. ■ Four Seasons: Rent starts at $1,500 continued from PAGE 5 WE’VE BEEN NAMED A GO-TO LAW FIRM BY SOME OF THE TOP COMPANIES IN THE COUNTRY. AGAIN. For the 11th consecutive year, Vorys has been recognized as a Go-To Law Firm in American Lawyer Media’s survey of in-house counsel at the top 500 companies in the country. Less WKDQRQHSHUFHQWRIDOOODZÀUPVLQWKH86DUHUHFRJQL]HG with this honor. And this year, 17 companies listed Vorys as WKHLUÀUPRIFKRLFHIRUVSHFLÀFSUDFWLFHDUHDV Higher standards make better lawyers.® For more information, visit vorys.com. Vorys, Sater, Seymour and Pease LLP 1375 East Ninth Street 2100 One Cleveland Center Cleveland, Ohio 44114 106 South Main Street Suite 1100 Akron, Ohio 44308 Now construction crews are nearing the final lap on the fourth building in the Four Seasons complex. Construction workers are laboring on the new, five-story structure’s roof as well as finishing the interiors of what will be a 143-suite addition to the complex. The first suites will be available for residents in July, and others will come in the following months. On a recent tour, the brothers-inlaw outlined how they are crafting the complex for today’s market. For one, the suites are about 20% smaller than those in the prior building. “People today may not have as much furniture,” Goldberg said. The new suites have doors as high as 8 feet and ceilings as high as 10 feet. All the units have patios or balconies to accent easy outdoor access and laundries and bathrooms rivaling those of new homes with large showers and bathtubs. Kitchens are outfitted with stainless steel appliances and granite countertops. Unlike older buildings with separate kitchens, these open into the living room. The islands also have a countertop that can serve as a table typical in today’s homes. Bell said the two and Goldberg Co. staffers are constantly fine-tuning suites as they go along. “We decided we needed another inch on the countertop to be able to eat at the island,” he said. “We changed it.” Three-bedroom suites in the fourth phase include two master bedrooms. Also different are the community’s amenities. Instead of a party center, the new building has a pubstyle game room that residents will be able to reserve for parties or gather together in the evenings, as well as a business center like that in hotels, Goldberg said. A 2,500square-foot fitness center will include a yoga room and look out over landscaped grounds that include a pond and outdoor kitchen. A walking trail is going in with this phase, and the complex’s existing pool and tennis courts are being renovated. However, there is one thing that tenants will not be able to do at the new Four Seasons: smoke. Smoking is not allowed in lobbies, public areas or even inside suites. Goldberg said the company will designate a smoking area at a yet-to-be-determined site on the premises. “We’ve had this at our new communities in North Carolina. It’s been well accepted,” Goldberg said. In an apartment, second-hand smoke may seep into halls and other suites. After a tenant who smokes leaves, the company spends about $1,000 painting and deodorizing suites, he said. “That adds up,” Goldberg said. “As a company, we build for 50 years (of ownership). We don’t build to sell.” There is one way the last act in Four Seasons is unlikely to surpass some suites in its predecessor: the rent. Suites at the third building in Four Seasons command some of the highest rents in Greater Cleveland, Goldberg said, and due to its larger suites, rents there may exceed those in the newest phase. That is virtually unheard of in Northeast Ohio, where new, market-rate projects almost universally snag top-of-market rents. However, the rent is definitely for the upscale crowd. Rents range from $1,500 for the smallest one bedroom to as much as $3,200 for a unit with three bedrooms. The attention to detail at the latest phase of Four Seasons is what onlookers expected, said Ralph McGreevy, executive vice president of the Northeast Ohio Apartment Association trade group. “I know they studied the market to add the best amenities. Not everyone does that,” McGreevy said of Goldberg Cos. “George Zeiger Drive in Beachwood is one area that can use more apartments due to demand, but there’s no land available.” That is also true in Goldberg’s case. The fourth phase of Four Seasons is its last. ■ 20140519-NEWS--9-NAT-CCI-CL_-- 5/15/2014 3:57 PM Page 1 MAY 19 - 25, 2014 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM 9 Tanglewood: There is ‘less competition’ now continued from PAGE 4 Call it a comeback But, in recent years, the place fell from grace as steeply as a wedge into the wind. It went into foreclosure in 2007, only to be bought out of receivership and then taken over again by the backers of a failed attempt to resuscitate its business and reputation. The investors who became the course’s owners in 2011 — Warren Wolfson and Mark Tiefel — have been pouring money into the place ever since, and it shows. The swimming pool, which up until last year was filled with a small amount of green water and a large amount of discarded patio furniture, is gone, and new grass has taken its place. The main clubhouse and banquet facility, which revealed countless buckets and roof leaks to any golfer willing to put his hands to the glass and look, has been completely renovated. A new deck adorns the back of the clubhouse. It might even be a little easier to play, thanks to the removal of more than 1,000 trees that had died, become sick or grown to block fairways that were out of their reach when the course was built. And, as of May 9, the place will even have a fleet of brand new carts, Scheetz said. Anyone want to play? Will it be enough? Scheetz and his owners hope so. But even on days when the weather has been great for golf, the climate has not been cooperating in recent years. According to the National Golf Foundation, about 5 million golfers have quit the game in the last decade — and another 5 million of the remaining 25 million players are likely to be lost in the years ahead, according to The New York Times. Pick your reason: The game is too tough to learn for new players, who aren’t as patient as their predecessors. It’s too expensive, too time consuming — or not exciting enough for a generation raised on “extreme” sports. Whatever the reason, the number of golfers is declining and courses are trying hard to fight the headwind. Some are even cutting 15inch holes to make things easier and speed up play. But, at the same time, the number of golf courses has also been dropping. In Northeast Ohio, wellknown courses like Blue Heron in Medina and Acacia Country Club in Lyndhurst have shut as courses here and around the nation have become parks and housing developments. Scheetz hopes Tanglewood can take advantage of the fact that some courses have disappeared in the area, while others have seen their condition deteriorate, and Tanglewood has been improved. “There’s definitely less competition than there used to be,” Scheetz said. Back on course Tanglewood these days has an extra club in its bag. “We’re back in the banquets and events business,” Scheetz said, noting that the club already has hosted more than 100 events in the last year, with more on its books. They range from small business networking groups to proms, political events and large parties and weddings. There have been more than 35 weddings since early 2013, Scheetz said. That event business is one that many clubs, especially public clubs like Tanglewood, can’t compete with, as few of them have anything like the 140,000 square feet of clubhouse space that Tanglewood boasts. In the meantime, there are signs that the investment in the course itself — which accounts for about $600,000 of the $1 million or so that’s been sunk into the place in the last two years — is paying off. Many area high school and college players have begun flocking to the course and to Tanglewood’s well-known PGA instructor, Ross Keen. This summer, the course will host a North Coast Junior Tour event. “Now I just hope the weather gets warmer,” Scheetz said, one day before Northeast Ohio saw its first 80degree day of the year. ■ DAN SHINGLER About $600,000 of the more than $1 million that has been invested in Tanglewood Golf Course in the last two years has gone to the course itself. Upcoming Editorial Feature PRIVATE, PREP AND PAROCHIAL EDUCATION Issue date Ad close Materials due June 16 June 5 June 10 A yearly snapshot of activity taking place in the region’s robust private school landscape. SPR Therapeutics gets $2.9 million grant ON THE WEB Story from possible.” Medical device www.crainscleveland.com The study is takcompany SPR Therapeutics of Cleveland ing place at hospireceived a $2.9 million Small Busitals and research centers in sites in ness Innovation Research (SBIR) New York City, Chicago, Charlotte grant from the National Institutes of and West Orange, N.J. Health to support the collection of SPR Therapeutics said the grant clinical data required to commeraward is, in part, “the result of the cialize its Smartpatch peripheral successful completion of SPR’s earnerve stimulation system for treatlier research in which the majority of ment of post-stroke shoulder pain. study participants reported pain re“We are very pleased to have relief and improvements in their qualiceived this grant following the rigorty of life.” ous and competitive review process The Smartpatch system provides established by the National Instia short-term therapy that uses a tutes of Health,” said Maria Bennett, very fine wire, or lead, placed in the president and CEO of SPR Therashoulder. The lead is implanted uspeutics, in a news release. “These ing a small-diameter needle. It exits funds will help us accelerate enrollthe skin and is connected to a small ment in our ongoing study and posiexternal device that stimulates the tion us to advance this promising nerves in the shoulder, cycling on technology to the final stages of and off for six hours a day. U.S. regulatory review as quickly as — Scott Suttell Book your ad today! Contact Nicole Mastrangelo at 216-771-5158 or [email protected]. 20140519-NEWS--10-NAT-CCI-CL_-- 10 5/15/2014 4:19 PM CRAIN’S CLEVELAND BUSINESS Page 1 WWW.CRAINSCLEVELAND.COM MAY 19 - 25, 2014 PUBLISHER: John Campanelli ([email protected]) EDITOR: Elizabeth McIntyre ([email protected]) MANAGING EDITOR: Scott Suttell ([email protected]) OPINION Speak up T here are more than 3,300 Northeast Ohioans who have jobs — good ones — because of the work done at NASA Glenn Research Center. About 1,600 center employees and 1,750 contractors are robust contributors to the economy and intellectual energy of Northeast Ohio, and Glenn has a vital position in helping the region continue to pivot to a position of brain gain from brain drain. It’s critical, then, that our elected representatives and the corporate community recognize budgetary threats being posed to Glenn and speak out in support of stronger funding for the center, particularly in the area of space technology. This is hardly a new phenomenon. As Crain’s reporter Chuck Soder wrote in March, Glenn’s budget has shrunk considerably in the past few years and now hovers around $581 million, down from $645 million in fiscal 2012. Meanwhile, funding for space technology — the key to human and robotic exploration of space — at Glenn has shown a disturbing pattern in which actual funding levels have been far below levels initially proposed by the White House. In fiscal 2013, for instance, the $126 million proposed space technology budget for Glenn gave way to actual funding of $54.4 million. Fiscal 2014 was even worse: $168 million proposed, $33.5 million actual. For fiscal 2015, the proposed number is only $97.3 million; the actual number won’t be pleasant if this trend continues. Glenn has a curiously low profile in Northeast Ohio, which might explain why it doesn’t have highprofile support from members of the local congressional delegation or either of the state’s U.S. senators. By contrast, U.S. Sen. Richard Shelby, R-Alabama, practically makes a second home of Marshall Space Flight Center in Huntsville — and he makes funding for that center a top priority. This region’s politicians need to start making more noise in Washington about the value Glenn provides to Northeast Ohio and the role it plays in fulfilling NASA’s space technology mission. High time W e’d say this even if the Cleveland Browns’ best player, wide receiver Josh Gordon, weren’t facing a possible suspension for the 2014 season: The NFL should revamp a drug policy that winds up imposing a one-year ban for weed. Gordon reportedly tested positive recently for marijuana and, because he’s believed to be in stage three of the NFL’s substance abuse program, could be suspended for 16 games. Marijuana use remains illegal in most places, and it violates federal law. But clearly, the cultural tide is turning, as states across the country are legalizing marijuana for medicinal use, and Colorado and Washington state have decriminalized it altogether. A year-long ban is a punishment that doesn’t fit the crime in 2014. ESPN reported last week that the NFL is considering changes in its policy that would include a higher threshold for a positive marijuana test and reduced punishments for violations regarding the drug. Those would be good steps and would mark the NFL as a forward thinker on an issue many companies face. FROM THE PUBLISHER Make room for young professionals J folks often forget. YPs freust before noon last SunJOHN quently face skepticism about day, my son looked up from his comic book to- CAMPANELLI their skills. Many older coworkers feel threatened by talward my wife. ented youngsters and show it, “Mom,” he said, “since it’s sometimes with hostility. And Mother’s Day, you can cook then there’s the culture shock me whatever you want for of entering a world of lunch today.” Boomers and X-ers who do so He was kidding. But over the years on Mothmany things differently. Of er’s Day or Father’s Day, both course YPs face all this with an my kids have pondered the unbuilt reputation, a small calendar and asked, in all serinetwork of friends and coousness, “Why isn’t there a ‘Kid’s Day’?” horts (who are often as young as they The automatic answer, programmed are) and a small salary. Many times they inside parents’ DNA, is, of course: “Beare a stranger in a new city, too. cause every day is kid’s day.” We Clevelanders need to make life as Most of us would love to be kids again, easy as possible on YPs. We need to lure playing all day, sleeping all night and them, welcome them to our world and eating through the fridge with little or no do whatever we can to keep them. consequence to how our Toughskins It’s one thing to say that and wring our jeans fit. hands; it’s another thing to actually do We seem to forget about the stress of something. Engage Cleveland is. The orschool, the cruelness of other kids, the ganization that serves Cleveland’s young almost debilitating awkwardness of adoprofessional community has circled Oct. lescence. And the fears: from strangers 6-12 on the calendar for the first-ever and monsters to death and divorce. Cleveland YP Week. Being young is both gift and curse. Engage Executive Director Ashley It’s true in business as well. Young Basile Oeken told me last week that professionals have problems that older Cleveland is late to this effort. Cities like Pittsburgh, Nashville and Milwaukee have lapped us. And, believe me, this is a competition. The winners take home the talent. Milwaukee has done a YP Week for years, drawing more than 4,000 people to its most recent week last month. The plan in Cleveland is for morning events centered around wellness activities like yoga, hikes and runs. Lunch events will feature speakers. The evenings will be filled with social events. Daily themes will include economic development, talent, community, culture and entrepreneurship. The goal here is to raise awareness of the young professional demographic, to connect YPs to the community, to acclimate newcomers and, ultimately, to turn YPs into permanent CPs (Cleveland professionals). “YPs who feel engaged, who feel they are making a difference, are two to three times more likely to stay,” Basile Oeken said. She’s looking for the business community to mark their calendars and join the fun. Why not free up your YPs to attend the events or go yourself? She assured me that if you show up and you’re over 40, you will not be carded. ■ TALK ON THE WEB Re: Dressing for success ■ Ginger Casey’s observations in her May 12 Personal View, “Female newscasters deserve much better than ‘window dressing’ status,” are sobering. I find appalling the idea that women are being overtly encouraged to use bare arms, legs and cleavage to sell the news. Shame on the executives who undermine the credibility not only of women reporters and anchors, but the news itself. And pity the women who go along with it. It’s sad that the hard work that was done by feminists in the ‘70s and ‘80s has come to this. What I find even more troubling is what’s happening in business offices where I honestly do not believe bosses encourage skimpy wardrobes. I’ve seen many young women sitting at the conference table wearing plunging necklines Reader responses to stories and blogs that appeared on: www.crainscleveland.com and clutching their cardis closed at the neck, clearly uncomfortable in the outfits they have chosen. I don’t know if it’s the air-conditioning, or repressed modesty, or a combination of the two, that causes the sweater clutching, but either way, it’s enough to make everyone in the room uncomfortable. I’ve always felt, even back in the day when I felt good about my upper arms, that the last thing I want a work colleague thinking about is my body parts. It’s hard enough to get across one’s good ideas. Why bring your own irrelevant distraction into the room? See WEB Page 11 POLL POSITIONS How do you feel about the Browns’ future since the end of the 2013 season? Better. The team is headed in the right direction. 58.0% Worse. The team has taken a step back. 9.9% Same. It's been par for the course. 33.0% Vote in the poll each week at: CrainsCleveland.com 20140519-NEWS--11-NAT-CCI-CL_-- 5/15/2014 2:53 PM Page 1 MAY 19 - 25, 2014 LETTER M 11 FOR SALE OR LEASE Share info with your investors acNealy Hoover Investment Management has been a long-term supportive shareholder of Central Federal Bancorp. We participated in their previous recapitalization and as of Dec. 31, 2013, have shared voting power for 1,333,914 shares or 8.4% of the shares outstanding of common stock. I am extremely dismayed by the institution’s decision to increase their existing capital base by as much as 50% without notifying existing shareholders as to the terms of the agreement and without providing equal access to the offering to all shareholders. Because Central Federal didn’t make the offer available to all shareholders, the company is re- CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM quiring that potential investors sign a confidentiality agreement before examining the offering. As a Registered Investment Adviser, I am unable to sign any document which would restrict me from taking any actions that I deemed to be in the best interest of my clients. Clearly, this behind-closed-doors arrangement disadvantages the very shareholders who helped this management team through the recapitalization process and who have been loyal supporters of Central Federal. I am unable to evaluate the merits of the offering because I can’t review the offering until after it is completed. If companies choose to keep their shareholders in the dark, they should not be publicly traded companies! These special arrangement capital offerings have no place in the financial markets. Publicly traded companies should strive to be more transparent than this and should remember their fiduciary responsibilities to all shareholders. Someday, these recent events may become a classic case study providing insight into how NOT to build trust and loyalty throughout your shareholder base. Harry C.C. MacNealy CEO, MacNealy Hoover Investment Management Canton (MacNealy Hoover is an SEC Registered Investment Advisory firm that says it manages about $230 million for 93 clients.) Web: See ya, Coach 11,225 SF Cooler/Warehouse on 3.11 AC 4400 Woodland Ave., Cleveland, OH 44115 t 4'$PPMFS8BSFIPVTF#MEH t 4'8BSFIPVTF$PPMFS"SFB t 4'0óDF"SFB t "DSFT"NQMF3PPNGPS &YQBOTJPO t 7".11IBTF1PXFS t %PDLTXJUI-FWFMFST t %SJWFJO%PPS t $MFBS)FJHIU t 'FODFE-PUXJUI1BSLJOH David R. Stover, SIOR 216.839.2012 HannaChartwell.com Upcoming Editorial Feature INVESTING GUIDE continued from PAGE 10 Thanks to Ginger for raising the issue. I hope this discussion will help our younger sisters see that they are not helping themselves by shifting the focus from the work they are doing to what’s under the clothes they are (or aren’t) wearing. — Judi Pfancuff Issue date: June 2 • Ad close: May 22 • Materials due: May 27 Re: Cavaliers fire Mike Brown ■ Mike Brown has been re-hashed so many times, he’s illegal even in Colorado. — James Schade ■ $20 million to not coach. Oh, the pain. Oh, the agony. — jpbincle Re: MetroHealth’s plan for the future ■ I have the pleasure of working with Dr. Akram Boutros, the CEO at MetroHealth. He is the real deal and the right man for the job. — Jerry Loudin ANDY LYONS/GETTY IMAGES Mike Brown was fired one season after he was rehired as the Cavaliers’ coach. BOOK YOUR AD TODAY! Contact Nicole Mastrangelo at 216-771-5158 or [email protected]. BY THE NUMBERS Mike Brown’s two-part tenure with the Cleveland Cavaliers: Season 2005-06 2006-07 2007-08 2008-09 2009-10 2013-14 TOTALS W-L 50-32 50-32 45-37 66-16 61-21 33-49 305-187 Pct. .610 .610 .549 .805 .744 .402 .620 1973 41 LEGENDARY YEARS BETWEEN LAND AND SEA The Heritage Chrono Blue is saturated with the azur of the Mediterranean in summer. TUDOR glides with ease over the surface of time with this new edition of its legendary chronograph 7169, fusing technical perfection, chic and glamour. Launched in 1973, it has measured magical instants on land and at sea to become the iconic legend it is today. TUDOR HERITAGE CHRONO BLUE Self-winding mechanical movement, waterproof to 150 m, 42 mm steel case. Visit tudorwatch.com and explore more. ® 20140519-NEWS--12-NAT-CCI-CL_-- 12 5/15/2014 3:11 PM Page 1 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MAY 19 - 25, 2014 GOING PLACES JOB CHANGES ARCHITECTURE KA: Graham Post to senior design architect. We Solve Problems. Effectively. Efficiently. Consistently. 36 South Fr anklin Street Chagrin Falls 440-571-7777 We are a different kind of business law firm. Learn about us at www.gertsburglaw.com, or call us to discuss your legal matter. @CrainsCleveland #CrainsMeetings THE THREE-C COMPETITION WESTLAKE REED LESKOSKY: Matthew A. Janiak to principal, project designer/director; Ruth Albertelli to associate principal, director of specifications; Patrick James Hyland Jr. to associate principal, architect; Jason A. Majerus to associate principal, manager of mechanical engineering; Christopher B. Tilton to associate principal, lighting designer, theatrical specialist; Dana O. Foerster, Christopher Loeser, Todd Mayher, Brant P. Miller and Katherine Ritzmann to associates; Diane Bartlett to chief financial officer. GILBANE BUILDING CO.: Todd Gerber to senior project manager; Scott Bindel, Travis Okel, John Coughlin, Dan Focht, Cameron Hill, Dave Kleckner and Matt O’Donnell to project managers; Chris Kowalczyk to senior project engineer; Lenny Jatsek and Kyle Wengryniuk to project engineers; Annette McMillen to human resources generalist. How do these three cities match up when it comes to SEA-LAND CHEMICAL CO.: Sakura Olah to director, customer relations and international operations; Craig Lundell to director, supplier relations. The staff’s favorite tweets will be featured in our May 26 issue. EDUCATION CUYAHOGA COMMUNITY COLLEGE: Terri Pope to president, Westshore Campus. NOTRE DAME COLLEGE: Thomas Kruczek to president. SALT • SALT • SALT • Water Softener • Industrial • Food • Ice Melt • Sea Salt Call For Pricing!! Minimum Delivery: 1Pallet Lundell Pope Kruczek Powell Rosenfelt Wilhelm Earley Knapp II Morgan Ryder HVAC TECHNOLOGY W.F. HANN & SONS: Saul Weinberg to sales manager and vice president, marketing; Jay Faust to service manager. OECONNECTION: Igor Bondarenko to director, applications. BOARDS LEGAL DISTRIBUTION Join the conversation - tell us your thoughts! Olah CONSTRUCTION CLEVELAND vs. COLUMBUS vs. CINCINNATI MEETINGS AND CONVENTIONS? Janiak ENGINEERING R.E. WARNER & ASSOCIATES: Wayne Powell to senior project manager/engineer; Laura Rhodes and Dustin Addair to survey technicians. FINANCE KEYBANK: Brian Rosenfelt to vice president, senior relationship manager, business banking. HEALTH CARE PRIORITY HOME HEALTH CARE INC.: Wesley Fellure to branch manager; Amber Gheta to medical records assistant. WELTMAN, WEINBERG & REIS CO. LPA: Scott D. Fink to business unit leader, Bankruptcy Practice Group. MARKETING STUDIO GRAPHIQUE: Jamie Wilhelm to senior design consultant; Meaghan Earley to administrative assistant. THUNDER::TECH: Julie Symonds to manager, communications; Justin Schickler to account manager; Jeff McManamon to account coordinator. RETAIL STERLING JEWELERS INC.: Robert L. Knapp II to senior vice president, Strategic Initiative Integration and Distribution Center; Bryan Morgan to senior vice president, corporate supply chain management and facilities. SERVICE PATTIE GROUP INC.: Jonas G. Pattie to president; Brian Pattie to executive vice president; Carla Pattie-Fitzpatrick to HR and administrative manager. NATIONAL COUNCIL OF JEWISH WOMEN/CLEVELAND: Linda Barnett to president. AWARDS LAKE COMMUNICATORS: Phil Stella (Effective Training & Communication Inc.) received the Apex Award for Copywriting. NATIONAL COUNCIL OF JEWISH WOMEN/CLEVELAND: Lynn Kleinman received the Arline B. Pritcher Award and Rochelle Solomon received the Alice and Eugene Weiss Esteemed Service Award. OHIO SOCIETY OF HEALTH-SYSTEM PHARMACISTS: Mate Soric (University Hospitals Geauga Medical Center) received the Pharmacist of the Year Award. RETIREMENT MAZANEC, RASKIN & RYER CO. LPA: Co-founding partner Edward M. Ryder after 30 years of service and leadership. Ryder will transition to of counsel. Send information for Going Places to [email protected]. GET DAILY NEWS ALERTS FROM CRAIN’S Register for free email alerts and receive: Published Tuesday. ■ The Morning Roundup: The day’s business news from Ohio’s daily papers ■ Manufacturing Report: A weekly guide to Northeast Ohio’s manufacturing sector. Published every other Wednesday. ■ Breaking news alerts ■ Daily headlines: Crain’s-produced news and blog items from the day ■ Real Estate Report: A weekly guide to real estate news. Published Monday. ■ Dealmaker Alert: A weekly guide on M&A trends and recent transactions in Ohio. Published Wednesday. ■ Small Business Report: A weekly guide to small business news. 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SIGN UP NOW AT: CrainsCleveland.com/register 1-800-547-1538 Salt Distributors Since 1966 STAY CONNECTED ■ Crain’s on Twitter: @CrainsCleveland ■ Crain’s on Facebook: Facebook.com/ CrainsCleveland ■ Crain’s on LinkedIn: linkedin.com/company/ crain’s-cleveland-business ■ Crain’s on Instagram: instagram.com/ crainscleveland 20140519-NEWS--13-NAT-CCI-CL_-- 5/15/2014 3:18 PM Page 1 CRAIN’S CLEVELAND BUSINESS MAY 19 - 25, 2014 INSIDE 14-15 PROGRAM BENEFITS STUDENTS WITH INTELLECTUAL DISABILITIES 13 HIGHER ED GRADS ASKED EARLY ON TO LEND A HELPING HAND DONGYUN LEE At many universities, both here and nationally, ‘culture of giving’ begins with current students and recent alumni By TIMOTHY MAGAW [email protected] G raduation season is nigh, and many soon-to-be college graduates anxiously awaiting job offers are instead finding pleas from their alma mater to give money. In fact, more so than ever, colleges and universities are making a concerted effort to tap into their newly minted — and thus less afflu- ent — alumni for cash. Many universities even field donations from current students. Take Kent State, which in 2006 launched a fundraising effort — now dubbed Flashanthropy — primarily focused on raising funds from undergrads for scholarships. The endowment from the effort sits at about $100,000. Higher ed administrators insist they’re not looking for blockbuster donations from these fresh grads or current students but simply trying to instill what many of them refer to as a “culture of giving.” Ponying up a $500 check, of course, would be appreciated, but they’re asking for just a few bucks a year — perhaps what someone might spend each week at Starbucks. “If someone is willing to take $1, $5 or $10 out of their pocket every year, that is a vote of confidence in Kent State,” said Cynthia Crimmins, Kent State’s associate vice president for advancement operations. “That’s what we’re trying to develop in younger graduates.” For the most part, higher ed philanthropy has rebounded from the doldrums of the recession. Last year, colleges and universities across the country brought in a record $33.8 billion, according to a recent survey from the Council for Aid to Education. See HELPING Page 17 “If someone is willing to take $1, $5 or $10 out of their pocket every year, that is a vote of confidence in Kent State.” – Cynthia Crimmins associate vice president for advancement operations, Kent State University Pre-college programs keep campuses busy in summer By SHARON SCHNALL [email protected] O n college campuses across Northeast Ohio, grounds crews are readying for commencement, housing staffs are finalizing dormitory closings and others are simply regrouping, breathing a much-awaited sigh of relief. Not so for Lisa Schneider, associate director of strategic academic initiatives at Hiram College. The next two months easily represent the busiest time of year for her department at the Portage County private college. “For us, the campus is beautiful in the summer,” she said. “The summer is so pretty here. This is when students need to be here.” Be there they will, but it won’t necessarily be the undergraduates. Rather, taking over the campus will be incoming high school juniors and seniors, typically from Ohio and Pennsylvania and some from as far away as Colorado and New York. Next month and through July, the institution will host Hiram College Summer Academies. Fourteen residential or overnight academies will serve an estimated 270 students. Schneider has overseen the program since 2006, when it became a dedicated department focusing on pre-college summer academy initiatives. Offerings this year have increased significantly from five to 14, including business and leadership; science, nature and technology; and writing, theater and film categories. See PROGRAMS Page 16 20140519-NEWS--14-NAT-CCI-CL_-- 5/15/2014 3:47 PM Page 1 HIGHER EDUCATION 14 CRAIN’S CLEVELAND BUSINESS MAY 19 - 25, 2014 Students with intellectual disabilities feel at home Kent State is one of two Ohio universities to receive federal grants for inclusive program By SHARON SCHNALL [email protected] C atherine has just finished her junior year at Kent State University. The former Westlake resident, 21, has lived on campus since her sophomore year, works at a nursing home and to further that professional interest, completed an undergraduate gerontology class. Asked why she wanted to attend Kent State, Catherine’s answer was straightforward. “Because both my sister and brother went to college, I wanted to go to college. I told my mother, ‘Why can’t I come, too?’ They (my parents) thought it was a good idea,” she said. Yet, for Catherine and 18 other Kent State juniors with intellectual disabilities, until recently, postsecondary opportunities were limited. That started to change after 2010, when the first Model Transition and Postsecondary Program for Students with Intellectual Disabilities (TPSID) grants were given to schools such as Kent State. TPSID funding enables higher education grantees to develop inclusive post-secondary programming for students with intellectual disabilities that improves employment outcomes and increases academic, independent living, social and occupational skills. In Ohio, Kent State University and Ohio State University were the only 2010 TPSID grantees; 27 institutions across 23 states received PROGRAM HISTORY Post-secondary programming for students with intellectual disabilities has been in existence for 25 to 30 years, but programs were isolated, functioning without a coordinating entity or national awareness, according to Debra Hart, director of education and transition at the Institute for Community Inclusion with the University of Massachusetts-Boston. When President George W. Bush in 2008 signed into law the reauthorization of the Higher Education Opportunity Act of 1965, it defined intellectual disabilities and made students with intellectual disabilities eligible for federal financial aid if attending a comprehensive transition and postsecondary program. Subsequently, Congress appropriated more than $10.5 million to fund a model demonstration program, encompassing the Model Transition and Postsecondary Program for Students with Intellectual Disabilities and the Think College National Coordinating Center, which is based at UMass Boston’s Institute for Community Inclusion. — Sharon Schnall these grants. By the grant’s five-year completion, based on average annual funds awarded thus far, Kent State could receive an estimated $1.8 million in funds. Ohio State may receive an estimated $2.2 million. Additionally, a portion of the Ohio State TPSID grant is funding four Ohio replication project sites, including since 2012 Youngstown SHARON SCHNALL Career and Community Studies students can attend a financial literacy class, which also is offered for attendance to undergraduate and graduate students who plan to pursue careers as special educators. (See story, Page 15) State University, said Margo Vreeburg Izzo, program director of transition services and Ohio State’s TPSID project director. Inclusion on campus Offering a program with a 50% inclusion factor was one of the TPSID grant applicant criteria. Kent State’s program reflects a 70% to 80% inclusion factor, said Vonnie Michali, director of program development at Kent State’s Career and Community Studies (CCS), a four-year, 120-credit hour, non-degree program for students with intellectual disabilities. It EMPOWERING YOU TO MAKE THE RIGHT BUSINESS CONNECTIONS The Boler MBA will connect you with engaged faculty, highly motivated students, successful alumni, and the Greater Cleveland business community in unique and powerful ways. It’s where academic knowledge and strategic business experience come together to develop great leaders. is funded by the TPSID grant. Inclusion reflects campuswide integration of students with intellectual disabilities into the academic, administrative, extracurricular and social infrastructures. Finding interested, eligible students was not hard: More than 60 students, ages 18 to 22, applied, having heard about Kent State’s program through public school district contacts and media coverage, and 21 were accepted. The now-19 participating students, 14 women and five men, come from Ohio communities as far away as a 90-minute drive. Four students have lived on campus since sophomore year, while the majority are legal adults, with three or four having a legal guardian, Michali said. The four-year program, offered through the College of Education, Health and Human Services, includes specialized classes focusing on personal and social skills, independent living and career and occupation; classes from Kent State’s curriculum; and employment and internship placements. As incoming seniors this August, the 19 classmates will be completing their final courses and work experiences, and will be encouraged to connect with formal community services and supported living arrangements, either on their own or with family. “The only cost to students, at this time, is the cost of transportation, textbooks and class materials and food. Students, during this development phase, did not have to pay tuition,” Michali said. Those students living in a dormitory were responsible for that cost. In spring 2015, a proposed target of 10 new students will be recruited to the program and will start classes in August 2015; another 10 freshmen will enroll in August 2016. A total of 40 students — incoming freshmen through seniors — are anticipated by August 2018. “New students coming in can expect to pay the same tuition and boarding as any Kent State University student,” along with additional support and guidance costs, Michali said. See STUDENTS Page 15 We’re excited to announce Nesco Resource won Inavero’s 2014 Best of Staffing® Award for providing exceptional service to our clients and talent. Fewer than 2% of all staffing agencies earn this award — a proud testament to our quality driven processes. Learn more and apply at go.jcu.edu/mba www.nescoresource.com www.talentalley.com Nesco Resource is the largest national staffing firm headquartered in North East Ohio. Contact us today to see how we can help you improve your staffing experience. 20140519-NEWS--15-NAT-CCI-CL_-- 5/15/2014 3:50 PM Page 1 HIGHER EDUCATION MAY 19 - 25, 2014 CRAIN’S CLEVELAND BUSINESS 15 Managing money is part of the plan, too Students: Program is seen as key opportunity By SHARON SCHNALL [email protected] T continued from PAGE 14 Finally, college opportunities Maddie, 21, like Catherine, wanted to attend college. A commuting junior from Atwater, in Portage County, she is interested in therapeutic riding. Her father, a Kent State employee and alumnus, learned about the school’s CCS program through an article, she said. “I said, ‘Finally,’ because toward the end of my (high school) senior year, all my friends were talking college and I was kind of feeling left out,” Maddie said. “I was excited because I love school so much.” While at Kent State, CCS students take classes at the 1000 or introductory level; most do not go beyond the 2000 level, Michali said. However, depending on abilities, a few have taken higher or 3000/4000 level undergraduate courses. “This is usually done with close communication, accommodations, modification and agreement with faculty,” she added. To date, about 60 student-faculty conferences have taken place. Accommodations may be as simple as trimming a five-page assignment to two pages, said Cindy Kenyon, director of program operations in the CCS program. “I had one student,” Kenyon said, “who looked at the professor and said, ‘My brain works differently and I may miss part of the lecture,’ and the professor responded to the student saying, ‘Well, what can I do to help?’” When Maddie took “Music as a SHARON SCHNALL PHOTOS TOP: Cindy Kenyon, left, is the director of program operations, and Vonnie Michali is the director of program development of Kent State’s Career and Community Studies. BOTTOM: The financial literacy class is attended by a mix of CCS students as well as undergraduate and graduate students interested in special education. World Phenomenon,” she, the professor and a CCS representative met and discussed expectations and accommodations. “We explain to them (faculty) what the contract is,” Maddie said. “You decide if you want to earn a grade or if you want pass/fail. I started doing pass/fail. The second time, I did the same thing, but this year I did a letter grade. Vonnie (Michali) thought I was ■ up for a challenge.” he early afternoon class has started in the College of Education, Health and Human Services building at Kent State University. Desks are covered with the ubiquitous notebooks, overstuffed backpacks, water bottles and lunches grabbed on the go. “We talked about this before,” says Joanne Caniglia, an associate professor of teaching, learning and curriculum studies. “What’s the difference between fixed and variable costs?” A collective groan is audible, but for the next hour the juniors, who have intellectual disabilities, maintain a thoughtful discussion about financial planning, personal budgets and savings objectives. The class is “Financial Literacy,” and these students are part of the Career and Community Studies program, a first-time, four-year non-degree program offered through the College of Education, Health and Human Services and funded by a Model Transition and Postsecondary Program for Students with Intellectual Disabilities (TPSID) grant. “The math content is essential because they need number skills and problem-solving skills,” Caniglia said. “I want them to have a good sense. ... They’re also the ones most vulnerable to fraud. It’s so important that they don’t get taken in by individuals.” The class also is attended by undergraduate and graduate students who plan to pursue careers as special educators. Others are interested in becoming special education intervention specialists. The class offers several layers of educational opportunity: ■ Curriculum designed for the students with intellectual disabilities. Today’s class covered budgeting and financial planning and the math operations needed to save money and pay bills. ■ For the special education majors, the integrated environment provides real-life, on-campus field experience. ■ For faculty, the program helps with knowledge, insight and pedagogy acquired from developing and teaching curriculum to students with intellectual disabilities and learning which teaching strategies work. “I like to tell myself to wait and listen. I have become so much more aware of how different students learn,” Caniglia said. “Now I understand what they can and cannot do. I also understand self-determination. You want to help, but you can help too much. I’ve learned to step back and let them do it.” ■ WHO is looking at YOUR 990? Answer: EVERYONE Your IRS Form 990 is on the GuideStar website for the world to see. Shouldn’t you be working with the tax experts at Maloney + Novotny? Contact Chris Anderson at 216-344-5268 or [email protected] Business Advisors and Certified Public Accountants 20140519-NEWS--16-NAT-CCI-CL_-- 5/15/2014 3:19 PM Page 1 HIGHER EDUCATION 16 CRAIN’S CLEVELAND BUSINESS MAY 19 - 25, 2014 Programs: Soft-sell of school favored continued from PAGE 13 “We’re hoping by increasing the number of camps, we will increase the number of students coming to the campus,” said Brittany Jackson, assistant director of strategic planning. “They will see the campus is a busy place no matter what time of year.” Looking forward to summer Attendance might increase, but what will stay the same is the small group participation, cool counselors — themselves students at the college — and enthusiastic faculty. And it’s not just at Hiram College. “It’s the week I look forward to all year,” said Ed Meyer, chairman of the physics department at Baldwin Wallace University. “It’s exhausting, but the students have a blast. To work with young people, when you see the light go on, it’s worth it.” In 2009, Meyer launched the Gedanken Institute for Problem Solving, held at Baldwin Wallace and offering participants challenging real-world problem solving exercises. The areas from which the problems are chosen include risk management, logic, pattern recog- SHARON SCHNALL PHOTOS ABOVE: Lisa Schneider, left, is the associate director of strategic academic initiatives, and Brittany Jackson is the assistant director of strategic planning at Hiram College. RIGHT: A robotics academy will be held at Hiram College from July 7 to July 10. Here, students are shown during last year’s camp. nition, operations research, topology and engineering. This July, the five-day institute will serve 20 day students, primarily ages 12 to 16. “This can be a life-changing event for a student,” Meyer said. “It’s also an opportunity for them to develop social capital: to get to spend eight or nine hours a day with people who think like them.” Meyer is contemplating, sched- ule permitting, introducing a oneweek residential camp next year. Meyer isn’t the only brave academic embracing overnight programming. Last summer, Youngstown State University piloted a residential offering as part of its longstanding Summer Honors Institute, which serves gifted and talented incoming high school juniors and seniors. Attendees were primarily from the Youngstown area but others came from Akron and Cleveland. Kansas and Pennsylvania also were represented, said Amy Cossentino, director of the institute and assistant director of the university scholars and honors program. The pilot was introduced to provide more opportunities, including social and networking, that could be fostered in the residential setting. The overnight option also eased Clevelanders one-hour plus daily commutes. The pilot was a success, and next month the new residential program will serve 20 students with another 70 attending the day program. All select a morning and afternoon camp from among 10 offer- Hidden Danger: How to Manage the Risk of Withdrawal Liability A FREE Webinar June 17 • 11 a.m. - Noon Presented by: Shaylor Steele, Partner, Benesch Withdrawal liability is one of the biggest risks to any employer with a union workforce. In this webinar, we will provide clarity on what withdrawal liability is and how employers can determine if it is a risk to their business. REGISTER TODAY! www.CrainsCleveland.com/Webinars Hosted by: Presented by: ings with names such as “The Potato Cannon: Applications of Thermodynamics” and “You Can’t Shout ‘Fire’ in a Crowded Movie Theater,” the latter about first amendment rights. Searching for summer academics While high school summer sports and band camps are readily found at Ohio higher education institutions, the same may not be said for academic camps, particularly overnight camps targeted exclusively toward academically driven high schoolers. Consider affordability, and choice is further narrowed, increasing the need for diligent searching. Availability, in part, was impacted by state cutbacks. Around fiscal year 2008, participating Ohio colleges and universities experienced the end of longtime summer honors institute or gifted and talented state funding — close to $1 million annually, a government spokesperson confirmed. At Youngstown State alone, those state cuts resulted in a $100,000 reduction per summer, Cossentino said. Since then, the university has picked up some of the cost, although operating at a much-reduced budget. The Summer Honors Institute at Youngstown State is $75 for the five-day commuter program and $350 for the five-day overnight program. At Hiram College, the three-day overnight academies are $200; most of the four-day overnight academies are $300. Gedanken’s five-day commuter program is $399. Elsewhere, a two-week Shipwreck Camp at Case Western Reserve University, a day science program for 12- to 15-year-olds, is offered in July at $525; two hours south, Kenyon College in Gambier offers the overnight three-week Camp 4 Scholars next month for high schoolers, priced at $3,500. Fun first; higher education second While some summer programs grow in reach and scope, what has not changed is the fact that the programs aren’t intended to be hard-selling recruiting tools. If individual campers ask to talk to an admissions counselor, that can be arranged, otherwise faculty, staff and counselors follow a longheld belief in the “soft-sell,” and, by example, represent the college. “They (high school students) asked us questions, not about Hiram, but about college in general. … They wanted advice,” said Adrianne Miller, a 2010 Hiram College graduate, who worked four seasons as a summer counselor and is now a development services and stewardship coordinator at the University of Michigan. Over the years, Hiram’s approach has been fine-tuned: a scavenger hunt gives campers a chance to fully see the campus. Beginning last year and again this year, summer academy alumni are eligible for a $1,000 scholarship, renewable up to four years or a total of $4,000, if they enroll as fulltime students at the college. According to Schneider, approximately 8% of the summer academy participants who were eligible to enroll in higher education between fall 2007 and fall 2013 enrolled at Hiram College, or 36 of 440 campers; approximately 11% of the “Emerging Writing Workshop in Creative Nonfiction” academy alumni alone enrolled at Hiram. “They (high school students) asked us questions, not about Hiram, but about college in general. ... They wanted advice.” – Adrianne Miller 2010 Hiram College graduate, on working as a summer counselor Youngstown State follows a similar approach. The Summer Honors Institute exists to offer likeminded gifted and talented students social, curriculum and technology options beyond what is possible at high school, not to “generate applications,” Cossentino said. Since 2012, a “mini college fair” has been offered, lasting 45 minutes, for students and family and friends, the latter who are on hand for a last-day end-of-camp celebration. The fair, Cossentino said, was added in response to evaluation requests that asked how students and families could get more information about Youngstown State and be connected with key department representatives. “Whether or not they actually enroll themselves at the university, (the camps are) a good thing we as an institution are doing” Cossentino said. “No matter where these kids go they will be our future leaders.” ■ 20140519-NEWS--17-NAT-CCI-CL_-- 5/16/2014 4:38 PM Page 1 HIGHER EDUCATION MAY 19 - 25, 2014 CRAIN’S CLEVELAND BUSINESS 17 Helping: Survey reports decline in alumni participation continued from PAGE 13 While that number is encouraging, the survey reported a decline in alumni participation, as 8.2% of alumni gave to their alma mater in 2013, slipping from 9.2% the previous year. Donor retention remains strong, however, but fundraisers say persuading former donors to pick up their checkbook remains a challenge. “It’s important to establish a habit of giving,” said Aimee Bell, the director of annual giving at Baldwin Wallace University in Berea. Bell said once graduates give three to five years in a row, you’ve got them for life. That’s why colleges are so intent on bringing young donors into the fold, even if their gifts are only drops in the bucket. For instance, only about 1% of Kent State’s philanthropy comes from donors who are 30 years old and younger, and the bulk of University of Akron’s fundraising comes from alumni who have been out of school for more than two decades. “There’s no question that getting young alumni involved in fundraising programs early on is important,” said William Walker, the interim vice president of advancement operations at the Council for Advancement and Support of Education, a Washington, D.C.-based professional organization representing fundraising professionals in education. “Successful fundraising programs are long-term operations. You have to constantly be looking into the future.” ‘But I’ve got debt!’ On average, Ohioans graduate SURVEY SAYS ... A look at the Northeast Ohio colleges and universities that responded to the Voluntary Support of Education survey. Listed is each institution’s amount raised in 2013: Institution Akron Amount $45,303,512 Baldwin Wallace $10,302,017 Case Western $94,237,501 Cleveland State $6,162,934 Hiram $4,658,081 John Carroll $10,206,749 Kent State $18,804,763 Oberlin $31,350,661 Source: Council for Aid to Education with more than $29,000 in student debt, potentially saddling them with several years worth of burdensome monthly payments, according to the most recent data from Project on Student Debt, an annual report prepared by the national nonprofit Institute for College Access and Success. For some recent grads, fielding fundraising pitches just as they’ve begun paying off their education is — to put it mildly — inappropriate. “While fundraising, institutions need to be sensitive to the fact that student debt is much more of an issue than it ever was in the past,” Walker said. Student loan debt is rising up as one of the biggest roadblocks to young alumni giving, according to Devin T. Mathias, a consultant with Marts & Lundy, a New Jersey-based fundraising consultancy. Mathias said in an email that it was impor- tant for each institution to conduct its own research to determine what barriers to giving exist. Danielle Young, executive director of the Oberlin College alumni association agrees that student debt is a “really hot topic on the mind of students.” She said she’s had to adjust her pitch to young alums or current students around giving. She’s had to stress that not all costs of a student’s education are covered by tuition dollars, highlighting the importance of paying it forward for future students. “As tuition starts to rise, some students start to think, ‘Well, haven’t I given enough through my tuition dollars?’ Young said. She added, “Oberlin is a toplevel liberal arts college. The primary costs are for faculty salaries and benefits. It costs a lot to produce the level of education we offer.” Brian Breittholz, Cleveland State’s assistant vice president for alumni relations and executive director of the alumni association, said if anything the student debt crisis has put a spotlight on the need for stronger rates of giving among graduates. “I don’t know if student debt’s made it a harder sell, but it certainly is an issue that is raised more,” Breittholz said. “At the same time, one could argue there’s a greater need for philanthropic support. Most of our students receive some sort of financial support.” Tough to reach Kent State officials say they don’t leave much of a cushion between graduation and when they start asking for money. Cleveland State, on the other hand, said it gives grads between six months and a year before it starts soliciting. The University of Akron waits about six months before it contacts its graduates, but university officials say at that point they’re mostly trying to gather contact information, though a small fundraising pitch is part of the outreach. Keeping them engaged and connected is the ultimate goal. The University of Akron, for example, recently launched a new alumni volunteer program — The Roo Crew — which allows alumni of all ages to give back, not with funds, but with their time and talent by helping with recruitment, student success initiatives and job placement. Phone banking, however, remains one of the primary vehicles for keeping in touch with alumni, though even that has become more difficult. As the use of landlines continues to dwindle, universities have had a more difficult time contacting grads. As such, colleges and universities have made an attempt to do more outreach through social media channels such as Facebook and Twitter. They also often reach out before graduation for cell phone numbers and email addresses in hopes of keeping in touch. “It’s getting harder and harder,” Kent State’s Crimmins said. “We haven’t pulled back on (phone banking). It’s just as important to have that connection to let people know what’s happening on campus as it is to ask them for a donation. We want them to know all the fabulous things that are happening here.” ■ Notre Dame College gets campaign boost with $250,000 gift Notre Dame College in South Euclid said it received a $250,000 gift from the Smiley Family Charitable Foundation of Solon to bolster the capital cam- ON THE WEB Story from www.crainscleveland.com paign for the college’s Academic Support Center for Students with Learning Differences. The money will be used to help establish an endowment for the center and as a lead gift toward naming the center after the late Arthur J. Noetzel Jr. and his daughter, Gretchen Noetzel Walsh, Notre Dame said in a news release. The endowment goal is $1.5 million. Arthur Noetzel was academic vice president and dean of the School of Business at John Carroll University and professor of business administration. He spent more than 45 years at John Carroll and was one of seven alumni who founded the organization that grew into the Entrepreneurs Association. In 2005, Notre Dame College established the Academic Support Center for Students with Learning Differences with Gretchen Noetzel Walsh as its director. It provides educational opportunities and creates “pathways to success for students with learning differences,” according to Notre Dame. Notre Dame says it has 132 Academic Support Center students among more than 1,400 full-time and 2,250 total students. — Timothy Magaw 20140519-NEWS--18-NAT-CCI-CL_-- 5/16/2014 2:03 PM Page 1 HIGHER EDUCATION 18 CRAIN’S CLEVELAND BUSINESS MAY 19 - 25, 2014 Collaboration is crucial in health education Schools are stressing team-based teaching to better prepare students for future work By EILEEN BEAL [email protected] A major consequence of the passage of the Patient Protection and Affordable Care Act — which mandated teambased care to reduce costs and improve patient outcomes and satisfaction — was the decision by area colleges and universities to update health care curriculums to better prepare students to deliver teambased care. Updating has meant tweaking schools’ existing curriculums by increasing or adding interprofessional activities and skill-building encounters that force students out of their specific educational silos. Medical, nursing, dental, pharmacology, public health and allied health students are being pushed out of their comfort zones and into team-based care situations during classes or small group case studies, interdisciplinary role-playing or volunteer stints. These situations — “where they aren’t surrounded by students who are just like them” — are where students begin identifying as team members. They are learning and refining the skills of how to collaborate, when to delegate, when to step up, when to follow and how to communicate concerns, said Holly Gerzina, executive director for interprofessional educational services at Northeast Ohio Medical University in Rootstown. “This is the kind of learning, where they are breaking down bar- riers and stereotypes and getting people communicating in a common language and working with a common goal and vision … it’s what’s been happening in corporate retreats for decades,” she added. Working together While the immediate goal of interprofessional education is to ensure that people going into health care know and understand each other, the ultimate goal, stressed Dr. Pamela Davis, dean of the School of Medicine and senior vice president for medical affairs at Case Western Reserve University, “is to enDavis sure that health professionals know how to work together when they are employed in the real world … where teambased care, ultimately, will be the norm.” While the ACA mandated teambased care and, by extrapolation, a new educational paradigm to fulfill the mandate, interprofessional education is hardly being shoved down the throats of administrators and faculty. “There’s been a real groundswell in health education for it because it’s going to prepare students for future practice and provide a practice-ready work force,” said Meredith Bond, dean of Cleveland State University’s College of Sciences and Health Professions. Students like it too because for many, it appeals to their learning style. “This generation of students has a different way of learning. … They are used to working collaboratively, they are into technology, and they are gamers, too, so they like practicing what they have learned in the classroom and learning by doing,” said Roberta DePompei, interim dean of the College of Health Professions at The University of Akron. Another reason is that interprofessional education gives students insights they can never get in a classroom or lab. “When you get students from different professions interacting and collaborating and communicating you get a better perspective about your colleagues’ skills and roles and what they bring to the table,” said David Lawrence, who was student director of Case Western Reserve University’s studentrun medical clinic and will begin his residency in primary care at Johns Hopkins Hospital in June. “And,” he added, “what’s really cool about it (interprofessional education) is that … it’s creating a well-oiled machine, at such an early career stage, for delivering the kind of care the ACA mandates.” Investment in the future Nothing related to the education of health professionals is cheap. However, the cost of designing, implementing, evaluating and finetuning the curricular and infrastructure changes to ensure inter- “With the new building, we bring all the ‘balkanized’ people we have on our campus and students from NEOMED together under one room, and not just for their ‘formal’ education.” – Meredith Bond dean, College of Sciences and Health Professions, Cleveland State University professional education takes root and flourishes in local schools is seen as an investment in the future. Locally, that investment includes everything from major building campaigns to major curriculum revisions. Cleveland State University, which has a nursing school and several allied health professions programs and serves as an urban campus for NEOMED, floated a $35 million bond issue — with NEOMED putting up an additional $10 million — to construct and furnish a building, scheduled to open next summer, dedicated to health science education. “With the new building,” Bond explained, “we bring all the ‘balkanized’ people we have on our campus and students from NEOMED together under one roof, and not just for their ‘formal’ education. With all that propinquity, we are anticipating some really lively hallway and lunchtime discussions, the kind that breed knowledge and understanding and respect.” To fund its Interprofessional Learning Exchange and Development Program, which ensures that students in the schools of medicine, nursing, dentistry and social work are bumping up against and learning from each other “in meaningful activities where students are learning to work together right out the gate,” CWRU went after — and got — a $640,000 grant from the Josiah Macy Jr. Foundation, Davis said. And CWRU’s new medical education building, being built in conjunction with the Cleveland Clinic, will include dedicated space for “bumping” and “learning,” she added, “because health care teams are going to be very important for the improvement of care.” But, noted the University of Akron’s DePompei, investment isn’t just about finding funding. It’s about finding the institutional will to make the curriculum and infrastructure changes necessary to best train and educate students. “That,” she added, “will come as the national and state accreditation boards are brought into the ‘circle’ of interprofessional education.” ■ CRAIN’S BLOGS Get the latest from our editors and reporters, including: MORE THAN ■ Editor’s Choice: By managing editor Scott Suttell — Weekdays ■ Sports Biz: By assistant editor Kevin Kleps — Weekdays ■ Health Care: By reporter Timothy Magaw — Tuesdays ■ What’s Cooking: By freelance reporter Kathy Ames Carr — Twice per month GO TO: CrainsCleveland.com/section/ blogs LOCAL COMPANIES HIRED TRI-C® STUDENTS OR CONTRACTED WITH TRI-C TO TRAIN THEIR WORKERS OF TRI-C GRADS TRI-C STUDENTS HAVE SUCCESSFULLY NE AR LY LIVE & WORK IN STUDENTS TRANSFERRED NORTHEAST to 4-year universities OHIO in the past five years ATTEND TRI-C EACH YEAR What Are You Waiting For? The right college education can boost your lifetime earning power by hundreds of thousands of dollars. Where futures begin SM 800-954-8742 tri-c.edu We Buy & Sell EVERYTHING! Used CNC Equipment? YES! Used Machine Tools? YES! Old Cassette Tapes? NO! HGR Industrial Surplus, 20001 Euclid Ave. Euclid (216) 200-4110 20140519-NEWS--19-NAT-CCI-CL_-- 5/16/2014 1:41 PM Page 1 MAY 19 - 25, 2014 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM 19 LARGEST MANUFACTURING COMPANIES RANKED BY FTE LOCAL EMPLOYEES(1) Company Address Rank Phone/Website Full-time Full-time equivalent equivalent local employees employees in Ohio Parent company Headquarters Local manufacturing facilities Products manufactured locally Top local executive Title 1 General Motors Co. P.O. Box 33170, Detroit 48232-5170 (313) 556-5000/www.gm.com 6,000 8,700 General Motors Co. Detroit Lordstown Complex, Parma Metal Center Chevrolet Cruze and vehicle parts Robert Parcell, plant manager, Lordstown; Al McLaughlin, plant manager, Parma 2 The Timken Co. 1835 Dueber Ave. SW, Canton 44706 (330) 438-3000/www.timken.com 4,031 4,558 The Timken Co. Canton Canton, Niles Specialty steels and highly engineered bearings and related products Richard G. Kyle president, CEO 3 Swagelok Co. 29500 Solon Road, Solon 44139 (440) 248-4600/www.swagelok.com 4,000 4,000 Swagelok Co. Solon Solon, Highland Heights, Strongsville Fluid system products, assemblies and services Arthur F. Anton president, CEO 4 Sherwin-Williams Co. 101 W. Prospect Ave., Cleveland 44115 (216) 566-2000/www.sherwin.com 3,533 4,225 Sherwin-Williams Co. Cleveland Cleveland, Bedford Heights Coatings and related products Christopher M. Connor chairman, CEO 5 Ford Motor Co.(2) One American Road, Dearborn 48126 (800) 392-3673/www.ford.com 3,172 6,016 Ford Motor Co. Detroit Avon Lake, Brook Park, Walton Hills Engines, automotive parts NA 6 Goodyear Tire & Rubber Co. 200 Innovation Way, Akron 44316 (330) 796-2121/www.goodyear.com 3,000 NA Goodyear Tire & Rubber Co. Akron Akron Race tires Richard J. Kramer chairman, president, CEO 7 Lincoln Electric Co. 22801 St. Clair Ave., Cleveland 44117 (216) 481-8100/www.lincolnelectric.com 2,800 3,000 Lincoln Electric Holdings Inc. Euclid Euclid, Mentor Welding and cutting products Christopher L. Mapes chairman, president, CEO 8 Parker Hannifin Corp. 6035 Parkland Blvd., Cleveland 44124 (216) 896-3000/www.parker.com 2,275 3,530 Avon, Elyria, Fairlawn, Parker Hannifin Corp. Akron, Kent, Mentor, Ravenna, Cleveland Strongsville Valves, hoses, fittings, actuators, filters, E. Washkewicz pumps for pneumatic/hydraulic applications, Donald chairman, president, CEO components and systems used on aircraft 9 Bridgestone Americas Inc. 10 E. Firestone Blvd, Akron 44317 (330) 379-7000/www.bridgestoneamericas.com 2,181 2,181 Bridgestone Americas Inc. Nashville, Tenn. Akron Tires Hank Hara, chief technology officer, Bridgestone Americas Tire Operations 10 Babcock & Wilcox Co. 20 S. Van Buren Ave. and 91 Stirling Ave., Barberton 44203 (330) 753-4511/www.babcock.com 2,100 2,400 The Babcock & Wilcox Co. Charlotte, N.C. Barberton, Copley, Euclid Forged equipment for the power generation industry, components for U.S. government applications J. Randall Data president, COO, Babcock & Wilcox Power Generation Group Inc. 11 ArcelorMittal 3060 Eggers Ave., Cleveland 44105 (216) 429-6000/www.usa.arcelormittal.com 2,082 2,984 ArcelorMittal Luxembourg Cleveland, Warren Steel Eric Hauge vice president, general manager, ArcelorMittal Cleveland 12 The Lubrizol Corp. 29400 Lakeland Boulevard, Wickliffe 44092 (440) 943-4200/www.lubrizol.com 2,068 2,160 Berkshire Hathaway Inc. Omaha, Neb. Avon Lake, Painesville Performance coatings, engineered polymers, lubricant additives James L. Hambrick chairman, president, CEO 13 Nestle USA 30003 Bainbridge Road, Solon 44139 (440) 349-5757/www.nestleusa.com 1,907 2,422 Nestle S.A. Vevey, Switzerland Solon Hamilton Stouffer's and Lean Cuisine frozen prepared Jeff president, meals Nestle Prepared Foods Division LET OUR EXPERIENCE BE AN ASSET TO YOUR BUSINESS Contact Chris Felice + [email protected] + 216.363.0100 14 Rockwell Automation Inc. 1 Allen-Bradley Drive, Mayfield Heights 44124 (440) 646-5000/www.rockwellautomation.com 1,892 1,994 Rockwell Automation Inc. Twinsburg Milwaukee Automation equipment Frank Kulaszewicz senior vice president, architecture and software 15 Republic Steel 2633 Eighth St., NE, Canton 44704 (800) 232-7157/www.republicsteel.com 1,800 1,800 Republic Steel Canton Lorain, Canton, Massillon, Solon Steel Jaime Vigil president, CEO 16 Eaton 1000 Eaton Blvd., Cleveland 44122 (440) 523-5000/www.eaton.com 1,670 3,091 Eaton Corp. Dublin, Ireland Brooklyn, Parma, Aurora, Euclid, Berea Hose and tubing, fuel pumps for commercial Alexander M. Cutler aircraft, electrical products chairman, CEO, president 17 Alcoa 1600 Harvard Ave., Cleveland 44105 (216) 641-3600/www.alcoa.com 1,600 1,625 Alcoa Inc. New York City Cuyahoga Heights, Cleveland, Aerospace forgings, commercial vehicle Barberton wheel forgings, aluminum billet 18 Luk USA LLC 3401 Old Airport Road, Wooster 44691 (330) 264-4383/www.schaeffler.us 1,364 1,364 Schaeffler Group Herzogenaurach, Germany Wooster Torque converters, torque converter clutches, ring gear carriers Marc McGrath president 19 Scott Fetzer Co. 28800 Clemens Road, Westlake 44145 (440) 892-3000/www.scottfetzer.com 1,323 1,823 Berkshire Hathaway Inc. Omaha, Neb. Avon Lake, Bedford Heights, Chagrin Falls, Cleveland, Westlake, Wooster, Youngstown Products for the home, family and industry Bob McBride president, CEO 20 Avery Dennison 8080 Norton Parkway, Mentor 44060 (440) 534-6000/www.averydennison.com 1,321 1,717 Avery Dennison Corp. Pasadena, Calif. Painesville, Mentor, Concord, Fairport Harbor Pressure-sensitive roll materials for the labeling, tapes, graphics and reflective industries. Donald A. Nolan president, Materials Group 21 Shearer's Foods LLC 100 Lincoln Way, Massillon 44646 (330) 834-4300/www.shearers.com 1,081 1,083 Wind Point Partners Chicago Brewster, Massillon Snack foods (potato chips, tortillas) CJ Fraleigh CEO 22 Delphi Packard Electrical/Electronic Architecture 5820 Delphi Drive, Troy 48098 (248) 813-2000/www.delphi.com 1,020 1,020 Delphi Automotive PLC Troy, Mich. Warren, Vienna Wiring harness, cable, connectors Robert Seilder director, Global Core Engineering & E/E Architecture 23 PPG Industries Inc. One PPG Place, Pittsburgh 15272 (412) 434-3131/www.ppg.com 1,011 1,011 PPG Industries Inc. Pittsburgh Cleveland, Strongsville Automotive coatings Keith Schneider plant manager 24 Philips Healthcare 595 Miner Road, Highland Heights 44143 (440) 483-3000/www.philips.com/healthcare 1,002 NA Philips Healthcare Andover, Mass. Highland Heights Computed Tomography and Molecular Imaging systems Gene Saragnese, CEO, general mgr., Imaging Systems Business Group, Philips Healthcare; Steve Lorenc, general mgr., Advanced Diagnostic Imaging 25 PolyOne Corp. 33587 Walker Road, Avon Lake 44012 (440) 930-1000/www.polyone.com 912 1,172 PolyOne Corp. Avon Lake Avon Lake, Massillon, Norwalk, Berea, Barberton Specialized polymer materials, services and Robert M. Patterson solutions president, CEO Information is supplied by the companies unless footnoted. Crain's Cleveland Business does not independently verify the information and there is no guarantee these listings are complete or accurate. We welcome all responses to our lists. Steris Corp. does not report local employee numbers. (1) Employee numbers as of March 31, 2014. This list includes companies that manufacture products in Northeast Ohio. (2) 2014 local employee and Ohio employee numbers from corporate.ford.com. Eric Roegner, COO, Alcoa Investment Castings, Forgings and Extrusions; president, Alcoa Defense; Tim Myers, president, Alcoa Wheel and Transportation Products RESEARCHED BY Deborah W. Hillyer 20140519-NEWS--20-NAT-CCI-CL_-- 20 5/16/2014 4:22 PM Page 1 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MAY 19 - 25, 2014 Money: QB has had LeBron-like impact on secondary market continued from PAGE 1 “We obviously drafted someone who is very popular and has his own relevancy,” Browns president Alec Scheiner said. “But our focus is getting relevant by winning. That hasn’t changed. We wouldn’t draft someone to be relevant.” “It’s one thing to have a superstar,” Scheiner said, “but if you don’t win, the excitement fades as well.” After 15 mostly futile years since re-entering the NFL in 1999, Scheiner and the Browns’ top executives are focusing on victories, not selling Manziel’s likeness. But, Scheiner acknowledged, if the Browns win, especially with Manziel at the helm, “our business will be fantastic.” Fewer than four days after the selection of the 2012 Heisman Trophy winner, it was already evident that business was pretty darn good everywhere but on the field. The 2014 draft coverage on the Browns’ digital properties — their website, mobile site and mobile app — resulted in a 143% increase in page views when compared to the weekend of the 2013 draft. Unique visitors were up 170%, and video views jumped 259%. ‘Absurd’ sales of No. 2 The Browns’ team shop at FirstEnergy Stadium has two machines that are used to press letters and numbers onto custom-made jerseys. Since May 9, the morning after the first round of the draft, that has meant almost all Manziel, all the time. Fans can order the Nike jerseys on the Browns’ online shop, which is run by Fanatics, a leading online retailer of officially licensed sports merchandise. But that would mean they might not get their Manziel gear until mid-June or later. At the Browns’ team shop, which is managed by New York-based Legends, workers press Manziel’s name and number on blank team jerseys, allowing fans to walk out with a No. 2 on the spot. Michael Jordan, general manager of the stadium team shop, said 150 Manziel jerseys were sold until they ran out of the fabric used to make the custom numbers. As of JERSEY: KEVIN KLEPS; T-SHIRT: FRESH BREWED TEES ABOVE LEFT: Even at $150 each, Johnny Manziel jerseys are a very popular item in the Cleveland Browns’ team shop at FirstEnergy Stadium. ABOVE RIGHT: The Fresh Brewed T-shirt with Johnny Manziel making the money gesture is expected to become “even more popular” than the first Manziel shirt the Cleveland company designed. Tuesday, May 13, the team shop had a waiting list of 120 fans who were waiting on their Manziel jerseys to be available. “And we probably get a dozen more requests every day,” Jordan said. Jordan said he was expecting a shipment of the fabric very soon, which would allow the team shop to satisfy the waiting list. Asked how many Justin Gilbert jerseys the team shop had sold since the Browns selected the cornerback eighth overall, 14 spots ahead of Manziel, Jordan said “about a dozen.” If you’re doing the math, that’s more than 270 Manziel jerseys sold at the team shop alone — in fewer than five days, at $150 apiece. “This is definitely an absurd number of jerseys we’re selling here,” Jordan said. Fresh Brewed gear Cleveland-based Fresh Brewed Tees is one of 21 companies licensed to sell official apparel by the NFL Players Association. Owner Tony Mandalone said the company already is on the second printing of its orange Manziel T-shirt, which goes for $25.99. On Wednes- day, May 14, Mandalone received approval from the NFLPA to print a gray T-shirt he teased on Twitter after the draft. The front of the shirt features Manziel making the money gesture. On the back is “JOHNNY” with a big “2” on the back. “It’s been crazy,” Mandalone said. “We’re selling a lot of shirts here. It’s the hottest shirt by far we’ve seen.” Mandalone said the gray shirt “will be even more popular” than the orange version, which doesn’t contain Manziel’s money-maker pose. Two days after tweeting its configuration of Manziel’s gesture, Fresh Brewed Tees had received almost 400 retweets, nearly 270 favorites and 600 likes on Instagram. On Thursday, May 15, GV Art and Design, a popular Lakewood apparel maker, got into the act by debuting its “Go Johnny Go” T-shirt on social media. GV co-owner Greg Vlosich said he and his brother, George, have partnered with NFLPA-licensed Pro Merch. The “Go Johnny Go” shirt is only available online, but Greg Vlosich said GV is working on different Manziel designs that will be available at its Lakewood store. “We had so much demand (for a Manziel shirt) and so many people coming by the store,” Greg Vlosich said. “We’re going to launch one locally.” Almost as big as LeBron Mark Klang, owner of Amazing Tickets Inc. in Mayfield Village, sells Browns single-game tickets from season tickets he has acquired over the years. He said from 11 p.m. to midnight on May 8, he received more traffic to brownstickets.com than in the three days that followed the announcement of the Browns’ 2014 schedule. “I knew it would be really big,” he said of the Manziel-inspired demand, “but it’s been bigger than I thought. I would equate it to (the Cavaliers) getting LeBron (James) in 2003.” Scott Merk, owner of Merk’s Tickets in Brook Park, said he sold out his supply for the Browns’ first preseason home game, which is Aug. 23 against the St. Louis Rams. “It’s been good,” Merk said of the Manziel-inspired demand. “Better than nothing, which is what I’ve seen the last couple years.” National secondary-ticket hubs are experiencing the huge gains mentioned by Klang. ■ Connor Gregoire of SeatGeek said the preseason game against the Rams has outsold any other 2014 game, including the regular season, since Manziel was selected by the Browns. At the conclusion of the draft’s wild weekend, 2,410 Browns-Rams seats had been sold on SeatGeek. The game with the second-largest demand, the regular-season opener between the visiting San Francisco 49ers and the Dallas Cowboys on Sept. 7, had resulted in 1,460 tickets being purchased. ■ Meredith Owen of TicketCity, a Texas-based reseller, said there was a 400% increase in the demand for individual tickets to the Browns’ first three home games in the week following the selection of Manziel. The Browns don’t need Manziel to fill FirstEnergy Stadium. But Johnny Football mania — in addition to merchandise and ticket sales — should be great for bars, restaurants, parking garages and other Northeast Ohio businesses. “I think he could be as big for the sport in Cleveland as any (NFL) player is to any team,” said Ungar, of U/S Sports Advisors. “I knew he was big,” Amazing Ticket’s Klang said of Manziel, “but he’s rock star big.” ■ Trash: Councilman Cummins is among skeptics of proposal continued from PAGE 5 Not a new idea City Councilman Brian Cummins, who opposed the last try at a waste-to-energy plant, is skeptical of this effort and troubled by a lack of city council involvement so far. “Clearly it’s better than what they did before but it still has some obvious flaws,” the West Side councilman said. “Everything I’ve learned about zero-waste processes is, you first look at reducing, recycling and reusing materials.” This project is triggered by the mayor’s Sustainable Cleveland 2019 effort, a 10-year plan designed in 2009 to foster economic growth with technologies and practices that limit resource consumption and improve the environment. The Jackson administration sees this plant as a way toward an ultimate goal of generating zero waste. “We’ve always been focused on getting out of (sending trash to) land- fills, increase recyclables and providing renewable energy for CPP,” Silliman said in an interview the day before the procurement meeting. Over the last several years the city sought to build on its own a $180 million plant that would turn trash into energy. That effort was abandoned last year after it ran into cost and environmental hurdles and city council opposition. “The renewable energy was too pricey for CPP,” Silliman said. This plan, the city believes, will make financial sense. It has, though, a number of risks since it involves an interlocking chain of long-term commitments for commodity products and services — trash disposal, fuel and electricity — whose prices fluctuate independently and unpredictably. It also would mean a 30-year commitment for all parties involved. “There’s a balancing act here between the price that the successful company charges for the engi- neered fuel, which shows up, ultimately, in the price that CPP pays Cleveland Thermal,” Silliman said. “That means the engineered-fuel price charged by the successful proposer can’t be so high as to drive the CPP power rate up.” Cleveland Thermal, though, is confident the plan can work. “It’s the most sustainable option,” Donald Hoffman, chairman of Cleveland Thermal, said after the meeting. “This will result in a 78% reduction in emissions for Cleveland Thermal.” Right time, place The company is under the gun from the U.S. Environmental Protection Agency to replace its coalfired power station on Canal Road in the Flats. Cleveland Thermal is the successor to companies that have heated downtown buildings since 1894. In addition to the Canal Road plant it operates a water- chilling operation on Hamilton Avenue to provide summer cooling to its customers through 20 miles of insulated, underground pipes. While the successful bidder could build its new engineered fuel plant anywhere in the city, Cleveland is hoping the new company and Cleveland Thermal will build their plants on a part of a 60-acre parcel it calls the Cuyahoga Valley Industrial Center. The city won a $5 million Ohio Job Ready Sites grant in 2008 to clean up the property along Interstate 77 near the Pershing Avenue exit, formerly a dumping ground for steel mill byproducts. It’s been on the market for several years. But using the site is not a condition of the bid. However, Hoffman pointed out that it could be more cost efficient for the two new plants to be located together. If not, he said, Cleveland Thermal could use its existing Hamilton Avenue prop- erty or a nearby site for its plant. Slowing things down The city is moving quickly on this proposal process to help Cleveland Thermal meet its commitments to environmental agencies, but that has ruffled feathers in city council, which will eventually have to give its approval if the project is to move forward. David Beach, director of the BlueCityGreenLake Institute of the Cleveland Museum of Natural History, is concerned about the longterm commitment the city would be making to a particular renewable energy process while the renewables industry is in its infancy. “My general concern about ideas like this is, once you create a system that requires a fuel source, then it’s hard to reduce your waste through other means because you’re locked into this one,” he said. “It makes it more difficult to change down the road if better options develop.” ■ 20140519-NEWS--21-NAT-CCI-CL_-- 5/16/2014 2:00 PM Page 1 MAY 19 - 25, 2014 Contact: Phone: Fax: E-mail: CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM REAL ESTATE Denise Donaldson (216) 522-1383 (216) 694-4264 [email protected] 21 Copy Deadline: Wednesdays @ 2:00 p.m. All Ads Pre-Paid: Check or Credit Card AUCTION GREAT OPPORTUNITY!! REAL ESTATE ABSOLUTE AUCTION MAY 31, 2014 D. Hamilton Trucking Inc. May 22, 2014-10AM 141 Willis St., Bedford, OH 44146 2001 OTTAWA (YARD TRUCK), VOLVO SEMI(parts truck), VINTAGE DELTA DRILL PRESS, (2) LG. OIL TANKS. VINTAGE TRUCK PARTS, FITTINGS DATING BACK TO 1950’S, WAYNE GAS PUMP HYDRAULIC BRAKE, SCRAP PLUS MORE! AUCTION NE OHIO HOME BUYERS WE HAVE YOUR NEXT HOME! LENDER DIRECTED SALE www.BidRosen.com 216.990.1831 Offered By SHERIFF’S AUCTION MAY 30th, 2014 - 10AM at the OTTAWA COUNTY COURTHOUSE 315 Madison St., Port Clinton, OH 43452 215 Glacier Cove, Put-In-Bay www.BuddyBartonAuctions.com 330.464.1375 1-877-BID-ROSEN 3128 SF 1+ac, Stairway to Beach Appraised $850,000 Bid starts $566,667 www.ottawacountysheriff.info CONCORD, MENTOR, PAINESVILLE, STREETSBORO & WESTLAKE 23 Homes Valued from $65,000 to $190,000 RESERVE PRICES FROM $26,392 to 57,924! EXCELLENT FINANCING AVAILABLE! All Properties Sold with Free & Clear Title 195 RESIDENTIAL, COMMERCIAL & INDUSTRIAL LAND SITES LAKE, CUYAHOGA, GEAUGA, SUMMIT, PORTAGE & RICHLAND COUNTIES, INCLUDING CITIES OF CONCORD, MENTOR, WILLOUGHBY HILLS, WICKLIFFE & PAINESVILLE HOMESITES & DEVELOPMENT SITES UP TO 87+ ACRES RESERVE PRICES UP TO 78% OFF VALUATIONS! All Properties Sold with Free & Clear Title For Brochure & Terms of Sale visit: ChartwellAuctions.com or call (216) 360-0009 CLASSIFIED REQUEST FOR PROPOSALS BUSINESS SERVICES Request for Proposals C. W. JENNINGS INDUSTRIAL EXCHANGE CITY OF OLMSTED FALLS Global Expansion Consulting Construction • Acquisitions Exporting • Financing The City of Olmsted Falls is seeking proposals for a commercial use, through a lease agreement, of the city-owned structure located at 7932 Main St. (Jenkins Center) in O.F., OH. The structure, approx. 1,866 sq. ft., is located in downtown O.F.’s National Register Historic District and sits at the entrance of Fortier Park on the edge of Plum Creek. Retail, restaurant, service and/or prof. uses will be considered. The City’s goal is to utilize the property in a manner which will contribute to the commercial vitality of the City, expand downtown opportunities, and enhance the City’s economic base. An acceptable proposal will then require final negotiations with the City of O.F. with the intent of entering into a lease agreement for a period of time to be determined. (855) 707-1944 THINKING OF SELLING? Free Market Analysis No Upfront Fees See our listings at FLYNN ENVIRONMENTAL www.empirebusinesses.com UST REMOVALS • REMEDIATION DUE DILIGENCE INVESTIGATIONS 440-461-2202 (800) 690-9409 All proposals must be submitted in accordance with the Request for Proposals (RFP) document. Proposals must be submitted by 4:00 pm on Fri., May 30, 2014. BUSINESSES FOR SALE Copies of the RFP Docs can be obtained from: Hanna Chartwell / Chartwell Auctions Mac Biggar & Gordon Greene, OH RE Brokers & Auctioneers COMMERCIAL PROPERTY OFFICE FOR LEASE CONTRACTOR’S BUILDING FOR SALE OR LEASE LLOYD RD., WICKLIFFE 8210 SF .86 AC Office...2,890 SF Garage...2,100 SF Warehouse ...1,950 SF Leased...1,290 SF THE ZELKO CO. C-216-469-5097 Solon Professional Offices 2040 Sq. Ft. - Remodeled 1st Floor/Ample Parking Seven Offices/Receptionist 216-870-0944 BUSINESS FOR SALE OR MERGER/ACQUISITION Rosann Jones, Dir. of Econ. Dev., City of Olmsted Falls, 26100 Bagley Rd., O.F., OH 44138, 440-235-5550, [email protected] Carnegie Body, established 1906. We specialize in repair, maintenance and painting of large trucks. Looking for like businesses for merger or purchase. FOR SALE CHEAP FOR SALE - LARGE EXHIBIT DISPLAY BOOTH KITCHEN CABINETS Original cost over $125,000. $9,000 OBO. Locally Made ProMark Cabinets Call Mr. King for complete details and pictures. (216) 453-3654 330 777-5203 Call Mickey Downs, 440-947-2222 For daily on-line updates, sign up @ CrainsCleveland.com/Daily PUBLIC NOTICE FOR RENT 277 Martinel Dr., Kent Flex Space Building in Davey Industrial Park totally approx. 8341 Sq. Ft. Presently, vacant ready for immediate occupancy. Attractive 2-story lobby, excellent lab space. $345,000.00. OFFICE SPACE Call Jeff Hunt 330-554-7349 W.W. Reed & Son Realty 330-673-5838 www.wwreed.com Exellent – 3,700 S.F. Private area – Parking. Access to 480/77. 8.50 S.F. 216-524-6068 FOR SALE GATES MILLS ESTATE FOR SALE 3,798 Sq.Ft. Secluded property, walk out basement, Upgraded kitchen with custom Schrock cabinets, Granite countertops, all new appliances, newly finished hardwood floors, glamour master bath, located on chagrin river rd! 216-701-7448 E-MAIL US YOUR AD... [email protected] Disadvantaged Business Enterprise Public Hearing Congresswomen Marcia Fudge and Governor John Kasich are joining forces to increase minority contracting and job opportunities on Ohio Department of Transportation projects in the city of Cleveland. ODOT invites you to attend a Public Hearing to discuss subdividing the Disadvantaged Business Enterprise (DBE) goals by ethnic heritage on future federally funded ODOT construction projects. When: Wednesday, May 21, 2014, 6-8 p.m. Where: Cleveland State University Student Center, 2121 Euclid Avenue, Cleveland FREE Parking is available in the Student Center Lot. Enter via E 22nd St. or E 21st St. Mention the ODOT Public Meeting. Comments may be submitted to: Ohio Department of Transportation, District 12 Attn: Amanda McFarland 5500 Transportation Boulevard *DU¿HOG+HLJKWV2KLR On the Web: ZZZWUDQVSRUWDWLRQRKLRJRY'LVW'%( Email: [email protected] Fax: The proposed changes include giving ODOT the authority to establish DBE sub-goals on federally funded projects based on ethnicity to reflect the diverse contracting community of Greater Cleveland. The purpose of this hearing is to provide an opportunity for review and comment on ODOT’s proposed changes to the DBE goals and for citizens to provide feedback through written or recorded verbal comments. Comments received (at the meeting, by mail, on the web, email or fax) by 5 p.m. on Monday, June 23, 2014 will be considered. If you have any questions, please call 216-584-2007. This public hearing will be held in an openhouse format with a formal presentation beginning at 6:30 p.m., immediately followed by a verbal comment period. Car Wash FOR SALE Located in Lake County, state of the art full serve wash, detail bays, 5 self serve bays, gas station, on busy street, 80,000 cars a day traffic in north east Ohio, computerized with cameras with live remote access to operation and registers, cash cow passive ownership, purchase or lease business & operations with option to purchase, possible owner financing. Please email inquiries to [email protected] Selling a Business? Ohio Business Brokers Assoc. WWW.OBBA.ORG Find hundreds of businesses. Find a good broker to help. Buying a Business? 20140519-NEWS--22-NAT-CCI-CL_-- 22 5/16/2014 CRAIN’S CLEVELAND BUSINESS 2:06 PM Page 1 WWW.CRAINSCLEVELAND.COM MAY 19 - 25, 2014 THEINSIDER THEWEEK MAY 12 - 18 The big story: A state appeals court has sided with a group of small business owners and sharply rebuked the Ohio Bureau of Workers’ Compensation for the unfair way it set its rates for more than a decade. The unanimous, threejudge panel largely affirmed a 2012 class-action decision of Cuyahoga County Common Pleas Judge Richard McMonagle that 270,000 Ohio employers are entitled to refunds of hundreds of millions of dollars in premium overpayments from the BWC. The trial judge awarded the class $859 million in damages. The judges returned the case to the district court for a recalculation of some of the damages owed. Stuart Garson, an attorney for the class, said he was satisfied with the ruling and that the recalculation should be modest. New era: Timken Co. of Canton has a new CEO and is making a change to its corporate governance as it prepares to spin off its steel business. Directors of the Canton-based bearings and steel maker named Richard G. Kyle as president and CEO, effective immediately. The board also elected John M. Timken Jr. as chairman following the annual meeting of shareholders on Tuesday, May 13. Kyle replaced James W. Griffith, who became president of Timken in 1999 and CEO in 2002. Timken’s steel business is being spun off as an independent, publicly traded entity called TimkenSteel Corp. New place, familiar name: Saint Luke’s Foundation in Cleveland named nonprofit veteran Anne Goodman as its new president and CEO. Goodman, who has been president and CEO of the Greater Cleveland Food Bank since 1999, will take over at Saint Luke’s Foundation on Aug. 1. She succeeds Denise San Antonio Zeman, the foundation’s president and CEO since 2000, who last August announced she planned to leave the job by July 1 to pursue new professional challenges. Goodman will be the foundation’s third CEO since its founding in 1997. REPORTERS’ NOTEBOOK BEHIND THE NEWS WITH CRAIN’S WRITERS A little rain can’t spoil Joe Biden’s love of trains ■ The May 14 visit to Cleveland by Vice President Joe Biden was a big success for the Greater Cleveland Regional Transit Authority. The stopover, part of a weeklong emphasis by Biden and President Barack Obama on the country’s aging infrastructure, highlighted the transit agency’s multimilliondollar effort to revamp its aging rail system. Speaking before about 200 civic leaders and RTA employees at RTA’s East Side Central Rail Maintenance Facility, the vice president prominently mentioned the $17.5 million in federal money that was financing a new light rail station under construction in Little Italy. He also mentioned the five rail cars around the podium that were undergoing makeovers as part of a $40 million project to rehabilitate RTA’s rail fleet. The only thing dampening the visit was a steady downpour that could be heard against the repair shed’s metal roof, which also is being repaired. That prompted RTA executive director Joe Calabrese Calabrese to comment to Crain’s Cleveland Business as the vice president was leaving, “I’m glad the roof didn’t leak.” — Jay Miller Second time’s no charm: The Cleveland Cavaliers promoted acting general manager David Griffin to general manager and fired head coach Mike Brown, whom the team brought back on April 24, 2013. The Cavaliers, who entered the season with a “playoffs or bust” mentality, were 33-49 in 2013-14. In February, the Cavs fired GM Chris Grant and made Griffin, formerly the assistant general manager, the acting GM. Three months later, Griffin was promoted and one of Grant’s biggest additions, Brown, was fired. This and that: Second Harvest Food Bank of North Central Ohio broke ground on a 40,000square-foot facility — a project expected to increase the Lorain-based food bank’s capacity by 40%. The $5 million facility, which will be located on Baumhart Road just north of the food bank’s current digs, is expected to open early next year. … Horseshoe Casino Cleveland said it will open a 2,000-square-foot virtual gaming center and lounge, dubbed TAG Bar, later this year. TAG Bar will be on the casino’s second floor and will feature more than 35 electronic table games, including blackjack, roulette and craps. Abeona Therapeutics offers hope in genetic disease fight ■ Cleveland-area small business owners are glued to their smart phones, and they insist ■ A Cleveland startup called Abeona Therapeutics, created around intellectual property licensed from Nationwide Children’s Hospital to develop treatments for Sanfilippo Syndrome Types A and B, said it has been granted “Orphan Drug Designations” by the U.S. Food and Drug Administration for its lead investigational therapies. “The FDA’s approval of our request for or- WHAT’S NEW BEST OF THE BLOGS Small biz owners see apps as smart time investments Excerpts from recent blog entries on CrainsCleveland.com. Overdraft day Work to do: The city of Independence plans to put on a real estate developer’s hat and assume the role of master developer for 33 acres near Rockside Road that it plans to buy from Indianapolis-based Duke Realty Corp. In addition to buying the parcel for about $2.5 million, the city said it plans to shoulder the cost of readying the raw land for development by extending Oak Tree Boulevard north into the site, installing utilities and doing rough grading of the parcel. It then would sell sites to businesses for offices or other uses it deems appropriate. it’s saving them time and money, according to a recent survey commissioned by AT&T and the Small Business & Entrepreneurship Council. More than half of Cleveland small business owners surveyed — 56% — reported saving at least three hours of time per week by using mobile apps. About 20% of Cleveland small businesses say they’ve saved at least $500 per month by using apps. Of those, 70% reported saving $1,000 or more per month by using mobile apps Nationally, the survey says each year smart phones save small businesses 1.24 billion hours of time and $32.5 billion. Also, 94% of small businesses use smart phones in their work, which is up from 85% last year. In Cleveland, 92% of small businesses said they use smart phones to conduct business. Most small businesses across the country are open, on average, 5.7 days per week — and nearly half of those surveyed said they’re using smart phones to work seven days a week. Almost one-third of small businesses have doubled their use of data on mobile devices over the last two years. — Timothy Magaw COMPANY: Swift Filters Inc., Oakwood Village PRODUCT: SwiftStaticDischarge filter elements Swift, which designs and manufactures replacement and custom filter elements for a variety of industries, says the new SwiftStaticDischarge filter elements use “an advanced media technology to dissipate triboelectric charges generated via the flow of fluids through filter media.” The unique media ensures “a very low charge across both media and fluid over long periods of time to mitigate sparking,” the company says. Swift characterized electrostatic discharge (ESD) as “a common problem with modern ash-free, zinc-free hydraulic and lubricating oils.” Oil passing through hydraulic or lubricating system filters “can generate static charges leading to high voltage sparks from filter media to the filter’s metal support tube,” according to the company. “These sparks can lead to oil degradation and varnish, as well as to component damage and potential explosions.” The company says the SwiftStaticDischarge elements are “highly suitable for power generation applications (both for gas turbine lubrication systems and conventional power plant use), plastic injection molding machines, mobile hydraulics, pulp and paper and any other application that employs lowconductivity oils.” ■ A May 11 Wall Street Journal story written from Cleveland showed that customers of the leading banks with branches inside Wal-Mart outlets are among America’s highest payers of bank fees, including fees on overdrafts that customers sometimes take out as substitutes for high-interest “payday” loans. The story began with this anecdote: On a rainy morning in April, Anna Proctor entered a Wal-Mart Supercenter near some of (Cleveland’s) poorest areas to get $300 for urgent car repairs — money she didn’t have. Inside, she joined a line at a Woodforest National Bank branch and intentionally overdrew her account. When her paycheck was deposited 12 days later, she said, the bank would take the borrowed sum plus a $30 fee. “It’s cheaper than a payday loan,” said Ms. Proctor, a 35-year-old customer-service worker. If her overdraft and fee were calculated as a loan, the annual percentage-rate interest, or APR, would be over 300%. She said she overdraws “all the time.” The paper noted that while Wal-Mart Stores Inc. is known as a low-cost retailer, “customers of some of the independent banks inside its outlets are among America’s highest payers of bank fees — a large chunk of which come from overdraft charges.” Its analysis of federal filings “found that the five banks with the most Wal-Mart branches, including Woodforest, ranked among the top 10 U.S. banks in fee income as a percentage of deposits in 2013. Most banks earn the majority of their income phan drug designation is an important regulatory milestone for Abeona that supports our strategy for treating these devastating diseases,” said Tim Miller, Abeona’s president and CEO, in a statement. He said the benefits include “seven years of market exclusivity from product launch in the United States, tax credits for clinical research costs and waiver of Prescription Drug User Fee Act filing fees.” According to the company, Sanfilippo Syndrome is a “deadly genetic disease resulting from the body’s inability to properly break down certain sugars.” Symptoms often appear in the first year of life, Abeona says, and the disease “causes progressive muscular and cognitive decline in children after the age of two.” There is no cure and currently no approved treatments for Sanfilippo Syndrome. Abeona said it closed seed financing in late 2013 and now is raising funds to advance its gene therapy-based clinical programs for both Sanfilippo Syndrome type A and B. Phase I and II clinical trials for both diseases are anticipated to begin later this year, the company said. “We are encouraged by the FDA’s continued recognition of the need for new treatments for rare and orphan diseases like Sanfilippo Syndrome and the designation of these gene therapies as potential therapeutic options,” said Dr. Kevin Flanigan, professor of pediatrics at Nationwide Children’s Hospital in Columbus and principal investigator of a Sanfilippo Natural History study under way at the institution. Abeona Therapeutics was formed in early 2013. It’s named after the Roman Goddess who is the protector of children. — Scott Suttell through lending. Among the 6,766 banks in The Journal’s examination, just 15 had fee income higher than loan income — including the five top banks operating at Wal-Mart. Follow the money ■ Two Northeast Ohio companies are among the most Republican-leaning in the country, based on political donations, according to an analysis by The New York Times’ new venture, The Upshot. The story found that from 1979 to 2014, the political action committees of 11 companies have given 90% or more of their political contributions to GOP candidates, based on an analysis of Federal Election Commission data. Among those companies: Eaton Corp., which has its North American headquarters in Beachwood, and Canton-based Timken Co. Their PACs gave 92.7% and 91.7% to Republican candidates, The Upshot finds. Also on the list was Cooper Industries, which Eaton acquired in November 2012. That company was even more Republican than Eaton, having given 93.6% of its contributions to the GOP. In a piece of information that really writes its own joke, the most Republican-leaning company in the country is the company that makes Wonder Bread. The political action committee of Flowers Foods, a Georgia company that produces the sandwich bread, Tastykakes and Nature’s Own baked goods, has given more than 99% of its political contributions since 1979 to Republicans, according to the story. Only three Democratic congressional candidates have gotten money from its PAC since 1984, and not one in the past 20 years. The top lopsided corporate giver to the Democrats is Citizens Financial Group’s PAC, but it has given a relatively more modest 77.5% of its $1 million in contributions to the party. 20140519-NEWS--23-NAT-CCI-CL_-- 5/15/2014 11:21 AM Page 1 YOUR BUSINESS DEMANDS RESULTS. Get the coverage, speed and reliability you need to succeed with America’s Largest 4G LTE Network. 19999 $ Samsung Galaxy S®5 $249.99 2-yr. price – $50 instant discount. New 2-yr. activation required. Limited-Time Offer Receive a $100 bill credit when you activate any 4G LTE Smartphone. Limited-Time Offer FREE New 2-yr activation on $34.99+ plan req’d. 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The RootMetrics award is not an endorsement of Verizon. Your results may vary. Visit www.rootmetrics.com for details. Bill credit & device offers available only to business customers with a Major Account Agreement. Activation/upgrade fee/line: Up to $35. IMPORTANT CONSUMER INFORMATION: Subject to Major Account Agreement, Calling Plan & credit approval. Up to $350 early termination fee & add’l charges apply to device capabilities. Offers & coverage, varying by service, not available everywhere; see vzw.com. Restocking fee may apply. Promotions available to Corporate subscribers only. Cannot be combined with contractual or promotional bill incentive credit offers. Bill credit applied within 2-3 billing cycles. Samsung and Galaxy S are both registered trademarks of Samsung Electronics America, Inc. Ellipsis™ is a Verizon Wireless trademark. 4G LTE is available in more than 500 markets in the U.S. © 2014 Verizon Wireless. 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Sprinter of North Olmsted Infiniti of Beachwood (Minutes from Legacy Village on Mayfield Road.) 13940 Brookpark Road AirportInfiniti.com 855-778-7732 28595 Lorain Road . 888-342-0753 . www.northolmstedsprinter.com 5180 Mayfield Road InfinitiofBeachwood.com 855-409-9544 2014 Mercedes-Benz C300 4MATIC® advertised lease rate based on a gross capitalized cost of $39,344. Includes destination charge and optional sport package which includes AMG® Sportline, Avant Garde Package (Sport), Radiator Grill with Central Star, Sport Suspension, 17-Inch 5-Twin-Spoke Wheels, Heated Front Seats, Sunroof. Excludes title, taxes, registration and documentary service charge. Total monthly payments equal $8,613. Cash due at signing includes $2,771 capitalized cost reduction, $795 acquisition fee, and first month’s lease payment of $319. Total payments equal $12,179. Subject to credit approval. No security deposit required. 10,000 miles per year, $.25 thereafter. Lessee may be liable for wear and tear. Lease offers expire 5/31/14. **Excludes taxes, title and registration. Options shown. Not all options available in the U.S. © Mercedes-Benz USA, LLC. *Prices and payments exclude tax, title, registration and documentary service charge. 10,000 allowable miles per year, $0.25 thereafter. No security deposit required, Q50—MSRP $39,755, G37X—MSRP $37,755, QX60— MSRP $45,495. With approved credit thru IFS. In-stock units only or while supplies last. Disposition fee due at term. of lease. Lessee may be liable for wear and tear. See participating retailer for details. Offers end 5/31/14. ‡ Subject to tier 1 credit score of 700 or higher. ©2014 Porsche Cars North America, Inc. Porsche recommends seat belt usage and observance of all traffic laws at all times. Porsche recommends four winter tires when driving in cold, snowy, or slippery conditions. T H E A B S O L U T E O P P O S I T E O F O R D I N A R Y. MASER ATI OF CLEVEL AND Any resemblance to the car of your dreams is purely intentional. 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EXPERIENCE THE ALL-NEW 2014 MASERATI GHIBLI WITH A TEST DRIVE. 598 /MO $ * 2014 GHIBLI 36-MONTH LEASE / 10,000 MILES PER YEAR $4,999 DUE AT SIGNING / EXPIRES 6-2-2014 Porsche of North Olmsted A Part of The Collection Auto Group 28400 Lorain Road, North Olmsted, Ohio 44070 855-218-1288 Open 24/7 at: www.clevelandporsche.com THANK YOU MASERATI OF CLEVELAND 888-678-0739 / www.MaseratiofCleveland.com 28300 LORAIN ROAD, NORTH OLMSTED, OH 44070 *Available only to qualified customers through Ally Bank and Maserati of Cleveland DMA through June 02, 2014 or while inventory lasts. Not everyone will qualify. Available only on Chassis # 92725 MSRP $71,120 with delivery to be completed before June 02, 2014. Advertised 36 month lease payment based on selling price of $60,491.78 Excludes title, taxes, acquisition fee, security deposit, documentary fee, registration, license and title fees. Cash due at signing $4,999 Lessee pays for any amounts due under the lease at lease end, any official fees and taxes related to the scheduled termination, excess wear and use plus 10,000 miles per year $0.60/mile over, with no disposition fee. Purchase option at lease end for $37,693.60. plus taxes (and any other fees and charges due under the applicable lease agreement) in example shown. Subject to credit approval. Prices, payments, and Gross Cap Cost based on chassis # 82003. Subject to availability and may apply to other units in inventory depending on MSRP. Special lease rates are available for top ‘S’ Tier qualifying Ally customers. Prices includes incentives and CSI funds for clients in dealer market area. Rates may change due to credit worthiness as determined by Ally Bank. Please speak with one of our knowledgeable sales staff for an appointment or any other questions. Offer expires 06/02/2014. ©2014 Maserati North America, Inc. All rights reserved. Maserati and the Trident logo are registered trademarks of Maserati SpA. Maserati urges you to obey all posted speed limits. to the generous corporate, foundation and individual donors who helped Cleveland State University raise $1 million for student scholarships through our 2014 Radiance, CSU Realizing the Promise campaign. Your support means more than you know to Radiance Scholars who are progressing toward their degrees and achieving their dreams. CSU is an AA/EO institution. ©2014 University Marketing 140391