Crain's Cleveland Business

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MMPI: Med mart identity could be reimagined

Forest City overdue on Terminal Tower loan

Emphasis will be placed on convention center, where project’s greatest economic impact lies

Developer houses 500 workers in city icon

By JAY MILLER jmiller@crain.com

By STAN BULLARD sbullard@crain.com

A $38 million loan secured by Terminal Tower, the Public Square skyscraper the Guide to Cleveland Architecture calls “the landmark of the city,” is overdue.

How that debt will be resolved by the building’s owner, real estate giant Forest City Enterprises Inc. — which has its headquarters and more than 500 employees in the 52-story structure — remains to be seen.

The loan matured April 1 and was assigned April 20 to so-called “special servicing” with CIII Special Servicing of Irving, Texas, Cuyahoga County land records show. Companies such as CIII work to maximize recoveries from distressed loans on behalf of debt holders.

Jeff Linton, spokesman for Forest City, said the company is “working with the special servicer to come to an acceptable resolution on it.” He declined to outline what Forest City hopes to obtain in the talks with CIII. Land records show Terminal Tower SPE LLC, the corporation Forest City uses to own the tower, received the loan in 2005; the loan subsequently See TERMINAL Page 34

Construction workers are bringing into focus the look of the Cleveland Medical Mart & Convention Center rising on the city’s Mall. Less clear, though, is whether the meeting and trade show complex will go by that name by the time it’s ready to open in 16 months.

Jim Bennett, a former McKinsey & Co. consultant hired last month by developer MMPI Inc. to oversee the complex, has been soliciting the thoughts of community and medical industry leaders as he works on a strategy to achieve the greatest bang for the buck from the county’s $465 million investment in the project.

And what he’s hearing is that “medical mart” may not be the right name to

put over the building’s entrance for promoting what will go on inside.

“I think the convention center is really going to be a winner,” Mr. Bennett said during a meeting with Crain’s editorial board last Monday, May 14. “That’s three-quarters of the square footage, and that’s where the economic impact is.”

At the same time, Mr. Bennett said MMPI is rethinking the status of the medical mart in its marketing of the complex and the med mart name itself. The reconsideration is based on feedback he’s receiving as he meets with various constituencies interested in the project, which is moving away from an early focus on single-vendor showrooms.

Picking up a brochure headed “Cleveland Medical Mart & ConvenSee IDENTITY Page 31

NOTICE TO READERS No print edition May 28

STAN BULLARD

A special servicer has been assigned to the loan on Cleveland’s iconic Terminal Tower.

Crain’s will not publish a print edition on Monday, May 28, due to the Memorial Day holiday.

Throughout our hiatus, though, be sure to check www.CrainsCleveland.com for the latest business news and blogs.

Canton officials roll out red carpet for shale industry players ‘Utica Capital’ already seeing influx of businesses

By DAN SHINGLER dshingler@crain.com

21

Cleveland can have its Rock and Roll Hall of Fame and Museum.

Canton aims to be the capital of a whole different kind of rock — the energy-rich Utica shale — and the city south of Akron that for decades has been economically off key suddenly is pickin’ and grinnin’.

Even those leading the charge can’t keep up. Although they can list quite a few newly arrived businesses, officials at the city and the Canton Regional Chamber of Commerce don’t know exactly how many shale gas-related companies already have set up shop in and around Canton.

Businesses sometimes pop up before city and chamber representatives even know they’re looking for space,

INSIDE: A new database is aimed at providing easier access to the region’s shale gas supply chain. Page 3

Chesapeake began drilling at its first horizontal rig in Stark County in early May and should complete its well by early to midJune, company officials say.

officials say.

But no one is complaining, because the businesses still are coming, and there is plenty of prospecting left to do among other companies looking for a place to land atop the Utica shale.

“From an economic development See CANTON Page 30

STEPHEN HERRON

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SPECIAL SECTION

An update to our 2010 list ■ Pages W1-W15

Entire contents © 2012

by Crain Communications Inc. Vol. 33, No. 21

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CRAIN’S CLEVELAND BUSINESS

CRAIN’S ON THE WEB Crain’s releases new Bioscience Directory ■ Crain’s, with the help of BioOhio, has created a directory to help raise the profile of companies that are on the cutting edge of technology and leading the state’s economic transformation. The directory is a resource for individuals and companies that are looking to do business with bioscience companies.

To purchase the directory, visit www.Crains Cleveland.com/section/bioscience.

REGULAR FEATURES Best of the Blogs ..........35 Classified .....................34 Editorial .......................10 Going Places ................12 Letter...........................11

List: Investment advisers ...................32 List: Financial planners .............32-33 Tax Liens .....................14

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MAY 21 - JUNE 3, 2012

WHERE THE WOMEN ARE In 2011, women accounted for 47% of all employed people age 16 and over in the United States, according to datafrom the U.S. Bureau of Labor Statistics, but there were huge variations in the share of women in specific occupations.

For instance, nearly 96% of speech pathologists are women, while women make up only 4.3% of aircraft pilots and flight engineers. Here are data for women as a percent of the total employed last year in selected occupations:

Occupation Speech pathologists

Percent women 95.6%

Elementary/middle school teachers

81.7

Social workers

81.6

Meeting/convention/event planners

76.2

Tailors/dressmakers/sewers

74.9

Psychologists

71.2

Hotel/motel/resort desk clerks

64.4

Accountants/auditors

61.3

700 W. St. Clair Ave., Suite 310, Cleveland, OH 44113-1230 Phone: (216) 522-1383 Fax: (216) 694-4264 www.crainscleveland.com Publisher/editorial director: Brian D. Tucker (btucker@crain.com) Editor: Mark Dodosh (mdodosh@crain.com) Managing editor: Scott Suttell (ssuttell@crain.com) Sections editor: Amy Ann Stoessel (astoessel@crain.com) Assistant editor: Joel Hammond (jmhammond@crain.com) Sports Senior reporter: Stan Bullard (sbullard@crain.com) Real estate and construction Reporters: Jay Miller (jmiller@crain.com) Government Chuck Soder (csoder@crain.com) Technology Dan Shingler (dshingler@crain.com) Energy, steel and automotive Tim Magaw (tmagaw@crain.com) Health care and education Michelle Park (mpark@crain.com) Finance Ginger Christ (gchrist@crain.com) Manufacturing, marketing and retailing Research editor: Deborah W. Hillyer (dhillyer@crain.com) Cartoonist/illustrator: Rich Williams Marketing director: Lori Grim (lgrim@crain.com) Marketing/Events manager: Christian Hendricks (chendricks@crain.com) Marketing/Events coordinator: Jessica Snyder (jdsnyder@crain.com) Advertising sales manager: Nicole Mastrangelo (nmastrangelo@crain.com) Senior account executive: Adam Mandell (amandell@crain.com) Account executives: Dawn Donegan (ddonegan@crain.com) Andy Hollander (ahollander@crain.com) Lindsey Nordloh (lnordloh@crain.com) Office coordinator: Toni Coleman (tcoleman@crain.com) Digital strategy and development manager: Stephen Herron (sherron@crain.com) Web/Print production director: Craig L. Mackey (cmackey@crain.com) Production assistant/video editor: Steven Bennett (sbennett@crain.com)

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CRAIN’S CLEVELAND BUSINESS

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3

Team NEO leading the way under JobsOhio Nonprofit helped persuade 26 companies to expand locally in Q1; likes state’s new system

By JAY MILLER jmiller@crain.com

Northeast Ohio is starting to report results from Gov. John Kasich’s private-sector approach to economic development, and the region is making the governor look good.

Team NEO, the regional partner to JobsOhio, Gov. Kasich’s new eco-

nomic development organization, reports that in the first quarter of 2012 it helped spur 26 companies to commit to creating 2,270 jobs in the region. Those companies have a collective annual payroll in the region estimated at $558 million.

The companies will be making capital investments of $291 million, Team NEO says. Most of that investment, $270 million, will come from

INSIDE: Northeast Ohio added about 9,000 jobs during the first three months of 2012. More are coming, Team NEO reports. Page 5 22 companies that are expanding operations in the region. The rest, about $21 million, will come from four companies bringing operations to Northeast Ohio. This tally only counts companies that sought state financial aid through the JobsOhio network.

The biggest of the new investments Team NEO is reporting came from Exterran Energy Solutions,

which plans to spend $12.5 million to build a plant in Youngstown that will make equipment used to process natural gas and oil. The plant is expected to employ 103 workers who will make an average of $47,600 a year. Team NEO, JobsOhio and the Youngstown/ Warren Chamber of Commerce helped Exterran sift through sites before finding a property the city of Youngstown gifted to the company.

Creating JobsOhio was a key plank in then-candidate John Kasich’s 2010 campaign for governor.

How well it performs is likely a key

THE WEEK IN QUOTES

Academic builds hub for shale suppliers

— Canton Mayor William J. Healy II. Page One

Website helps firms find niches in industry

“I think the convention center is really going to be a winner.”

By DAN SHINGLER dshingler@crain.com

— Jim Bennett, who is overseeing the Cleveland Medical Mart & Convention Center for MMPI Inc. Page One

JANET CENTURY

Rozi’s Wine House owner Gary Rossen, right, and store manager Bill Barak partake in some draft beer, which they now sell.

“If they’re chasing the money, it’s less attractive to us.”

TAPS? YEAH, WE GOT ’EM

— Tom Sudow, director of business development, Global Cardiovascular Innovation Center. Page 7

Local retailers start selling draft beer for sampling and home consumption; customers drink it up

— Jeff Ramsey, executive director, Detroit Shoreway Community Development Organization. Page 8

“People with criminal records are often model employees. …

A lot of doors are shut to them, so when someone gives them an opportunity, they make the most of it.”

— From a Personal View by Brad Friedlander, president and CEO, Red Restaurant Group. Page 10

See JOBS Page 5

INSIGHT

“The city of Canton has not had an opportunity of this magnitude for 60 years, and if we don’t take advantage of it, it will be a huge mistake.”

“At night if you come to Gordon Square, there are people walking up and down the sidewalks. We want to see that ... during the daytime as well.”

to his political future, and Team NEO and Northeast Ohio will play an oversized role in JobsOhio’s success.

At its quarterly board meeting May 1, JobsOhio released its firstquarter results, showing 70 projects creating 5,526 jobs and $2 billion in capital investment committed statewide.

As the first quarterly Team NEO report shows, this region, with 18 of the state’s 88 counties, is providing roughly 40% of the business growth JobsOhio is reporting statewide,

By MICHELLE PARK mpark@crain.com

L

ong a question reserved for bars and breweries, customers now can ask a growing number of local retailers: What’s on tap?

Single-shop retailers and grocery chains alike are installing draft systems so they can pour beer for customers to sample and take home.

Heinen’s tested a program it calls Brewer’s Table for a year in six stores and has expanded it in the past couple months to eight more. Now, a majority of the supermarket chain’s 17 stores

sell draft beer.

“We made the right decision by putting draft beer in the stores, for sure,” said Ed Thompkins, Heinen’s corporate wine and beer buyer.

The offering has become so popular, Mr. Thompkins said, that draft beer now reigns as the No. 1 selling beer item, by far, at all 14 stores where it’s available.

Ross Deli and North Coast Wine & Beer, both Lakewood retailers, recently installed tap systems, too.

And Pittsburgh-based Giant See BEER Page 14

WET YOUR WHISTLE Ever wanted to try a beer at the grocery store or take home a sample?

You’re in luck. Several retailers in Northeast Ohio are starting to let customers try beers on tap and take some home.

Here are a few retailers who will pour you a drink: ■ Heinen’s, 14 stores ■ North Coast Wine & Beer, Lakewood ■ Ross Deli, Lakewood ■ Rozi’s Wine House, Lakewood

■ Buehler’s Fresh Foods, Brunswick, Medina (Forest Meadows Drive store) ■ West Point Market, Akron ■ Royal Park Fine Wines, North Royalton, Strongsville — Michelle Park

Northeast Ohio manufacturers and other companies statewide keep hearing that the shale gas boom is going to increase their sales — if they can just get into the energy industry’s supply chain.

Scott Miller wants to hook them up.

“Companies are now landing in the state and saying ‘Who are the suppliers? Who can we buy from?’” said Mr. Miller, director of energy and environmental programs at the Voinovich School for Leadership and Public Affairs at Ohio University.

To help them, Mr. Miller is organizing a database at Ohio ShaleEnergy.com. He and others hope the website will connect Ohio manufacturers and various service providers with oil and gas drillers, processors, pipeline companies and other businesses looking to grow in Ohio as they chase the gas, oil and other valuable liquids held in the state’s Utica shale region.

If the database works as planned, Ohio businesses will be able to use the website to list information about themselves, including their products and services and ways they can be contacted by potential customers. Then, drillers and other companies in need of products and services could use the directory as a catalog of potential vendors from which they could choose.

Mr. Miller has gotten the word out about the database by holding a conference on shale gas and by working with the media, especially in parts of the state where drilling is expected to occur. So far, he’s gotten more than 400 businesses to provide information to the website. But Mr. Miller said he See SUPPLY Page 30

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Known names behind tech startup NetGenics founder, former Rosetta exec joins forces with past colleagues on GenomOncology

By CHUCK SODER csoder@crain.com

A few familiar names from Northeast Ohio’s business community — including the founder of a biomedical company that nearly went public more than a decade Glynias ago — are coming together to start a new company called GenomOncology LLC. Few details are available, but judging by the name of the company and the involvement of NetGenics

Inc. founder Manuel Glynias, the business likely will revolve around genetic data related to cancer.

The new company, incorporated earlier this year, has raised $1.25 million from five investors since April 30 and aims to raise another $750,000, according to a document filed May 9 with the U.S. Securities and Exchange Commission.

The SEC document lists Mr. Glynias as the company’s CEO and

Could your global banking needs use some local advice?

notes that the business is based out of his Westlake home.

Mr. Glynias most recently was a partner at Rosetta Marketing Group LLC, a New Jersey-based interactive marketing firm that has an office in downtown Cleveland. However, he’s best known for founding NetGenics, which developed software designed to help drug developers sort genetic data.

NetGenics filed for an initial public offering in 2000 and had 91 employees at the time. The IPO was tabled shortly thereafter, however.

In a 2007 interview with Crain’s, Mr. Glynias said the company had expanded too quickly to support itself, which drove him to sell it to Lion Biosciences AG in 2002. The German biopharmaceutical company left Cleveland the following year.

Mr. Glynias isn’t starting GenomOncology alone. The filing lists technology executive Brad Wertz and investor Lee Zapis as directors of the company.

They’ve worked together in the past. Mr. Wertz about 10 years ago founded technology services firm Xteric Technology Group Inc. of Independence. A few years later he worked on a project with Mr. Glynias, who at the time was running Lucidyx LLC, a gene research software company that he founded after selling NetGenics. After Xteric was bought by Brulant Inc. of Beachwood in 2006, Mr. Glynias joined Brulant as a principal. That company merged with Rosetta in 2008.

Mr. Wertz no longer is with Rosetta, Mr. Zapis confirmed via email.

As for Mr. Zapis, he’s the founder of Zapis Capital Group LLC in Westlake, which invested in Lucidyx.

Mr. Glynias licensed that company’s software to a San Diego company about six years ago.

Mr. Zapis said he would not provide more details because GenomOncology still is working to raise money.

■

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CRAIN’S CLEVELAND BUSINESS

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Jobs: System lets groups make decisions faster continued from PAGE 3

based on the number of projects and new jobs.

Until JobsOhio came along, Team NEO focused only on attracting businesses to the region, leaving local chambers of commerce and public development corporations to help existing businesses in their areas expand.

Because JobsOhio is operating with a small central staff, it is relying on its six regional partners around the state — Team NEO among them — to bring it deals that need public financial aid. To manage this new system, JobsOhio and Mark Kvamme, its president and interim chief investment officer, have created a statewide reporting system that closely links JobsOhio’s headquarters in Columbus with the regional offices.

Going high tech The new system, based on customer management software Salesforce, allows the regional offices to share information easily. It also helps the headquarters office to analyze and approve more quickly incentive proposals and allows all the offices to track better the results of their efforts to grow businesses in the state and its regions.

The regional staffs put together online deal packages that are available immediately to decision makers in Columbus, giving companies that are deciding among several site options a quick response from Ohio.

Report: Hiring is up and still rising Besides its new regional economic development report, Team NEO also released its regular quarterly regional economic indicators report last week.

Regional employment continues to grow — by 9,000 jobs over the first three months of 2012 — as it has for seven straight quarters, according to Team NEO, which uses data from the Ohio Labor Market Information service. The region has slightly more than 2 million people working, according to the data.

From that growth, it’s not surprising that unemployment is dropping. For the 18 counties of Northeast Ohio that Team NEO covers, the average unemployment rate for the first three months of 2012 was 8.3%, according to the state figures Team NEO uses for its report.

However, the aggregate number masks unemployment rates that vary widely from county to county and from month to month. In March, for example, unemployment in Medina County was 6.3% while unemployment that month in Huron County was 12%.

“We’ve never been able to do this before,” said Tom Waltermire, Team NEO’s CEO. “This is a revolutionary step upward in regional collabora-

Those numbers compare with a U.S. unemployment rate of 8.6% for the first quarter and with the regional rate of 9.7% in the first quarter of 2011.

New this quarter, Team NEO reported on the burgeoning horizontal oil and gas drilling, or “fracking,” in the state and the region. It said 56 new horizontal wells were permitted, drilled or producing in the 18 counties of Northeast Ohio in the first quarter of 2012. Of those, four are completed or producing oil or gas and 52 are expected to be producing in the near future.

Team NEO also reported proprietary data from Economy.com that is projecting a 2.1% growth in 2012 in the region’s economic output — the gross regional product in economists’ vernacular. That’s a rebound to the level of 2008.

Jacob Duritsky, a director of business attraction at Team NEO, said the economic growth estimate may be low because it doesn’t account fully for the rapid boom in oil and gas development in the region.

— Jay Miller

tion.”

It appears front-line economic development officials at the county and local level are learning to like

the new system, which Bethany Dentler, executive director of the Medina County Economic Development Corp., said offers a streamlined process to aid companies.

“In a way, it’s empowered the local team much more than they had been before,” Ms. Dentler said. “I think that’s a positive development.”

‘The Ohio way’ Bradford R. Ehrhart, president of the Portage Development Board, said the system appears to be working well in his county. A longtime economic development official in western Pennsylvania who came to his job in Ohio last September, Mr. Bradford said Ohio’s new system compares favorably to what he’d worked under in Pennsylvania.

“I’ve found (JobsOhio and Team NEO) to be very professional and responsive,” Mr. Ehrhart said. “The way Ohio approaches things (is) different from the way Pennsylvania approaches things, but the Ohio way is pretty good.”

Of course, Portage County did well in the first quarter.

Team NEO included three of Mr. Ehrhart’s deals in its first-quarter report. Three manufacturers — the Parflex division of Parker Hannifin Corp. in Ravenna, Schneller LLC in Kent and Viking Forge Corp. in Streetsboro — committed to $22.9 million in investments for expansion projects in the first quarter. The projects are projected to retain or create 707 jobs.

■

5

Cleveland baby travel biz wins cash A Cleveland startup called Babies Travel Too now has $25,000 to spend after receiving the top prize at Bad Girl Ventures’ graduation ceremony last week.

Babies Travel Too’s president, Alison Musser, is one of 10 students who completed eight weeks of entrepreneurship classes through Bad Girl Ventures, a Cincinnati-based microlending organization focused on financing startups owned by women.

The students could win one of three low-interest loans of $5,000 each or the grand prize, a low-interest loan of $25,000.

ON THE WEB

Story from www.CrainsCleveland.com.

Launched in 2011, Babies Travel Too rents out baby equipment. It will use the award to add inventory, Ms. Musser said. She launched the company to address the difficulty of traveling with little ones. Parents traveling to the Cleveland/Sandusky area can order gear, such as cribs and strollers, online and have the delivered to their destinations before they arrive.

“Boosting our inventory will allow us to partner with a select number of area hotels, enabling them the ability to offer enhanced services for their guests,” she said.

— Michelle Park

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CRAIN’S CLEVELAND BUSINESS

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Startups with ties to other areas may not grow in Ohio Despite incentives, some firms supported by area groups haven’t yet expanded locally

By CHUCK SODER csoder@crain.com

Four years ago, early stage investment nonprofit JumpStart Inc. invested $380,000 in Freedom Meditech Inc. in an effort to get the young San Diego company to grow in Ohio.

That growth hasn’t occurred here, though, and it’s unclear if it will, even if the company succeeds.

The investment illustrates a challenge faced by local organizations that use financial incentives to get startups with offices in other cities to establish a significant presence in Northeast Ohio.

In a few cases, startups have received money intended to get them to move to the region or to expand a local office but have yet to do so.

In other instances, startups have opened legitimate local offices, but many of their employees remain in other cities, which raises questions about where future growth will occur.

In the case of Freedom Meditech — which drove JumpStart to change its investment policies — the startup had begun to do some research and development work in Cleveland and told JumpStart it planned to expand its small local office.

Those plans changed a few years later. During the depths of the recession, the startup ran into trouble raising more investment dollars in Ohio, said Samantha Fryberger, vice president of marketing at JumpStart. However, Freedom Meditech subsequently was able to raise $4 million from sources outside Ohio; it’s now pursuing regulatory approval to start selling its first product, which scans a patient’s eye to look for signs of chronic disease.

The local groups that provide incentives to attract startups to the region have policies designed to ensure they fund companies that will build a presence in Northeast Ohio.

When JumpStart invested in Freedom Meditech, the nonprofit’s location policy was based on broad requirements from the state, JumpStart’s biggest source of money.

JumpStart rewrote the policy two years later. Now it specifies that the startup’s leader must spend at least half of his or her time in Northeast Ohio or plan to relocate to the region. If the leader doesn’t intend to move, the company must show that more than half its employees are based (or will be based) in Northeast

Ohio. The startup also must have a “compelling business reason� to be in Northeast Ohio, and it must describe the local office as its headquarters.

Other local organizations have their own policies. The Global Cardiovascular Innovation Center in Cleveland, which among other programs provides forgivable loans to lure medical startups to Ohio, won’t give companies any money until they employ at least one person in the state. Companies get the money as they hit milestones, and the Cleveland Clinic-led innovation center, which aims to create local jobs by fostering medical innovation, plans to forgive loans for recipients that meet employment expectations for five years.

The Lorain County Community College Foundation’s Innovation Fund likewise waits until a startup has moved before releasing grant money. Both organizations have had at least one situation where they approved an award for a startup but didn’t give out money because the company never moved.

But even when startups do establish offices here, complications can arise.

has yet to exercise a provision that would allow it to take back money it already has given to a company.

Such issues are overshadowed by the innovation center’s successes, Mr. Low said, noting that the organization has attracted 15 companies to move to Ohio or hire employees in the state.

Following the money Mr. Low expects those companies to keep their Ohio offices and expand them, even after their loans are forgiven. That’s partly because the innovation center awards money only to companies that appear to have a good reason to be in Ohio, said Tom Sudow, its director of business development. Maybe they already work with local researchers or have a strategic partnership with a local company. “If they’re chasing the money, it’s less attractive to us,� Mr. Sudow said.

JumpStart follows a similar philosophy. That’s why, of all the investors that have pumped money into JumpStart’s 63 portfolio companies, none have suggested that a company leave Northeast Ohio, even if it has a key office in another region, Ms. Fryberger said.

That same philosophy also should

prevent JumpStart companies that have a significant number of employees in out-of-state offices from steering all their growth to those locations, she said.

Among those companies is CoverMyMeds LLC, which employs eight at its Twinsburg headquarters and 18 in Columbus.

The developer of pharmaceutical billing software received a $546,000 state tax credit to expand its Columbus office in September 2010.

The company’s early focus was to expand its development staff in Columbus, but now the company’s sales and administrative functions in Twinsburg should do more growing, said co-founder Sam Rajan. “With sales come clients, and clients, you have to support them,� he said.

The benefits of exposure Michael Goldberg knows what it’s like to try to lure startups to Ohio without the ability to make them move.

Cleveland-based Bridge Investment Fund LP, which he manages, has invested in four medical startups in Israel. The fund’s primary goal is to make money, but it also aims to get the Israeli companies to locate

their main U.S. offices in Ohio. After all, the fund in 2007 received $2 million from the Ohio Capital Fund, which requires that half the money be invested in the state.

The first company that pledged to open its U.S. headquarters in Ohio backed out of the plan about a year ago, but soon thereafter another company, breast tumor treatment developer IceCure Medical Ltd., set up shop in Cleveland. Bridge Investment Fund has invested more than $1 million in IceCure, so the fund appears to have met the Ohio Capital Fund’s requirements.

Reached by email on Thursday, May 10, Mr. Goldberg confirmed the investment numbers but did not answer a question regarding whether Bridge Fund has met state requirements.

The region benefits even when one of the Israeli companies doesn’t move to Northeast Ohio, Mr. Goldberg said. The work that Bridge Fund and other Northeast Ohio groups have done to recruit them has done wonders for the area’s reputation among high-tech companies in that country. “That’s where you start to really see the fruits of this,â€? Mr. Goldberg said. â–

Unclear future For instance, in 2008, the Global Cardiovascular Innovation Center awarded a $250,000 grant to Clear Catheter Systems Inc. of Bend, Ore. The Cleveland Clinic spinoff didn’t grow as fast as expected, and its local presence remains small.

Last January, however, the company raised $4 million from West Coast investors. After the announcement, Clear Catheter CEO Ed Boyle would not say whether the company would expand in Ohio, but he noted that the company’s “greatest concentration of commercial activity� is in the state.

Even so, Clear Catheter still has potential to grow in Ohio, where it has at least one full-time employee and one contractor, said Mark Low, managing director of the Global Cardiovascular Innovation Center, which was financed partly by a $63 million state grant.

The innovation center monitors the progress of companies that receive awards, but it tries to be flexible when it appears a company still has potential to grow in Ohio and is making a good-faith effort to do so, Mr. Low said. The organization

LCCC awards grants to 6 tech firms The Lorain County to urine flow and ON THE WEB Story from Community College www.CrainsCleveland.com. body temperaInnovation Fund ture. awarded grants totaling $375,000 Three others received $25,000 to six Northeast Ohio technology awards. They are Elyria’s IGW Finance startups.

Alternative, which offers a web-based Three companies received process that allows retailers to $100,000 awards. They are Tesla retain potentially lost credit sales NanoCoatings of Massillon, which through a different financing option; provides corrosion control coatings; QURA Scientific, a Parma Heights In2une, a Shaker Heights company company developing a product that created a social marketing meant to allow for quicker testing of platform to maximize concert ticket the amount of protein or other small sales; and Future Path Medical, a molecules in a biological sample; Concord company that created a and Paragon Robotics, a company device that provides health care in Hiram that designs and builds providers with real-time data related energy management products.

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CRAIN’S CLEVELAND BUSINESS

With sincere appreciation and profound sadness we celebrate the life and mourn the passing of one of the founders of our law firm.

WWW.CRAINSCLEVELAND.COM

Detroit Shoreway luring retailers Neighborhood leaders offering free rent for top business plans

By MICHELLE PARK mpark@crain.com

RONALD I. WEISS February 27, 1940 – May 5, 2012 Ron infused the practice with intellectual rigor, impassioned advocacy, fierce loyalty and warm humor. To be his colleague, client or friend was a privilege and a joy.

MILLER GOLER FAEGES LLP 1301 East 9th Street, Suite 2700 Cleveland, Ohio

MAY 21 - JUNE 3, 2012

It isn’t a free ride, but it is free rent — at least for awhile.

Three startups soon may move into Cleveland’s Gordon Square Arts District, but won’t need to pay rent for three months, six months or a full year, depending on how they place in an ongoing business plan competition.

Leaders of the Detroit Shoreway Community Development Organization hope this bait will attract more retailers to the district, which already is home to the Capitol Theatre, Cleveland Public Theatre and restaurants such as Luxe and Happy Dog. “When people go shopping, they are looking to stop at more than one or two stores,” said Jeff Ramsey, executive director for the Detroit Shoreway group. “They want a selection of stores to visit. We’re trying to expand the mix of businesses here.

“At night if you come to Gordon Square, there are people walking up and down the sidewalks,” Mr. Ramsey said. “We want to see that same sort of traffic, that lively district, happening during the daytime as well. There is daytime business here; we just want to amplify it.”

Applications will be accepted

through June 29, and winners will be selected and notified by July 13.

First place wins a year of free rent with a maximum value of $10,000, second place wins six months of free space with a maximum value of $5,000, and third place wins three months of free rent with a maximum value of $2,500. There are maximum amounts because double storefronts cost more than single storefronts.

Bars, restaurants and night life establishments are not eligible, namely because the group wants to grow the district’s cluster of fashion and home interior businesses, said Nick Fedor, economic development director for the Detroit Shoreway group. Personal service businesses such as spas and salons also are encouraged to apply.

Skin in the game So far, about 10 business plans have been submitted, Mr. Fedor said.

If all of them could win, a spa, barber shop, home furnishings store and jewelry and accessories store would be among those setting up shop.

But they can’t all win: A committee of five will choose three based on their business plans.

“There’s a high rate of failure in startups,” Mr. Ramsey conceded.

“We’re hoping to mitigate that by requiring businesses that have well thought out, well researched business plans and that are putting their own skin in the game.”

To that end, winners will be required to pay into an escrow account so

they are prepared to go from paying nothing in rent to $750 per month — the rate for a typical storefront in the district, Mr. Ramsey said.

Those businesses that do win are expected to open by Sept. 14, a date chosen to give them time to establish themselves by the holiday shopping season. Each winner will be required to sign leases that extend beyond the free rent period.

“We want these businesses to be open for years,” Mr. Fedor said.

“We don’t want to be back here in a year trying to fill vacancies.”

The Gordon Square competition isn’t motivated by some bleak vacancy rate: The community development organization, which owns much of the district’s real estate, said its storefront vacancy rate is around 5%. However, Mr. Ramsey noted, the group would like to see some commercial offices relocate to interior spaces and then fill vacated storefronts with retailers.

Mr. Ramsey said the Detroit Shoreway group’s efforts are similar to an initiative in the city’s Ohio City neighborhood. Armed with a $75,000 grant from the Charter One Foundation, Ohio City Inc. has assisted businesses with rental payments, build-out costs and more.

The Charter One Foundation is considering giving a similar grant to assist the winners of Detroit Shoreway’s business plan competition, Charter One spokeswoman Carrie Carpenter said. That decision is expected May 25.

■

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CRAIN’S CLEVELAND BUSINESS

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MAY 21 - JUNE 3, 2012

PUBLISHER/EDITORIAL DIRECTOR:

Brian D. Tucker (btucker@crain.com) EDITOR:

Mark Dodosh (mdodosh@crain.com) MANAGING EDITOR:

Scott Suttell (ssuttell@crain.com)

OPINION

Don’t fiddle

L

eaders of the Ohio House are fiddling while the state’s public employee pension funds burn through their assets. They should be embracing pension fund reforms that last Wednesday won overwhelming bipartisan support in the state Senate, rather than continuing to delay action on changes needed to keep the funds solvent.

It isn’t as though threats to the ability of the five pension funds to meet their obligations to current and future retirees sneaked up on anyone. Consider the case of the State Teachers Retirement System of Ohio. Even before the stock market downturn that heralded the arrival of the Great Recession, the STRS pension fund had fallen well behind in keeping up with its obligations to its public educator members.

State law sets at 30 the maximum number of years it should take a public employee pension fund to cover its unfunded accrued pension liability. The STRS fund already had exceeded that limit by 11 years in 2008, prior to the market’s slump.

SRTS repeatedly has told its members the decline that occurred in global investment markets, coupled with the protracted economic recovery, significantly accelerated the need for design and contribution changes to the fund. Otherwise, as it reminded members this month in a pension reform update, “STRS Ohio will eventually be unable to pay benefits.”

To the credit of the State Teachers Retirement Board, which oversees STRS, it diligently has worked over the last couple years to come up with a pension reform plan that will ensure STRS can continue to pay pensions to future generations of teachers. The boards of the other four public employee pension funds — the Ohio Public Employees Retirement System, School Employees Retirement System, Ohio Police and Fire Pension Fund and the Highway Patrol Retirement System — have put together similar reform proposals to strengthen the long-term condition of their plans.

However, these proposals can’t be implemented without action by the Legislature. And it has failed to move any of these plans forward — until now.

Two weeks ago, Senate President Tom Niehaus, a Republican, and his Democratic counterpart, Senate Minority Leader Eric Kearney, jointly introduced reform bills designed to stabilize four of the public employee pension funds. They not only recognize the state’s obligation to protect the retirement benefits of 1.7 million Ohioans, but they also know companies are refusing to expand or relocate in states burdened by massive pension debt. Last week, their Senate colleagues passed the four bills.

Yet despite the support of the pension boards and public employee unions for these measures, the Republican leadership of the Ohio House seems in no hurry to take them up. Speaker William Batchelder says he wants to wait until a study commissioned by the Ohio Retirement Study Council is completed sometime this summer, which may be too late to act on any reforms in the Legislature’s current term.

The House shouldn’t wait for the political cover of the study to enact changes that should have been made by now. The problems are obvious. So are the solutions. Delaying reform costs the funds millions of dollars a day in total. Stop fiddling and fix them.

FROM THE PUBLISHER

Horseshoe is first-class, as promised

U

interior elements, while grand chandeliers p front, I have to say that I’m echoed the feelings of all who remember not a gambler. I’ve been to Las special destination-shopping trips with Vegas a couple times for golf their parents to post-war downtown. outings, and didn’t gamble a During the planning and construction cent (which might owe more to the of this casino, Mr. Gilbert said all the desert heat in summer as much as anyright things about wanting it to be thing). connected to downtown, rather than be So I was more curious than anything a space that swallows up its else when I attended last Monpatrons as so many casinos do. day’s coming-out party for Dan BRIAN The proof of that pudding, as Gilbert’s Horseshoe Casino on TUCKER they say, will remain in the tasting, Public Square. Some observabut for now it appears Rock tions: Caesars wants to be part of Irrespective of where you stand downtown rather than merely on the plus-minus argument for be situated there. a casino in downtown, one thing So, you’ll want to take your is abundantly clear. This place out-of-town visitors there, just was built to last, and is a firstlike you show them the West class operation by any measure, Side Market, Rock and Roll Hall from the lower-level food court of Fame, PlayhouseSquare, University to the upper floors of gambling to the Circle and so many other of our worldhigh-rollers’ lounge. class attractions. That is, assuming you And true to the pre-opening publicity, can get in, once the lines die down. the designers of the casino indeed Of course, it would be good for Mr. did protect and value the architectural Gilbert, his partners, Mayor Jackson and elements of the once-grand Higbee Co. everyone else with a vested interest in department store space. Wood was downtown Cleveland that the lines preserved and used as subtle, understated

never die down, at least until they can get their second facility built. **** IN THE WAKE OF Vice President Joe Biden’s trip last week to the Mahoning Valley, I’m hoping against hope that things work out better for M-7 Technologies than they did for Cardinal Fastener.

You may recall that Cardinal Fastener received national publicity as the setting for a visit by President Obama while trumpeting his efforts to promote alternative energy sources. Sadly for Cardinal, the appetite for the wind turbines for which the company was supplying parts dropped quickly, and took the once-solid local company into a financial bind with it.

M-7 is a promising, high-tech manufacturer, and along with software maker Turning Technologies is one of the darlings of the “new” Youngstown. The veep’s message of “you build an economy by building things” was music to the ears of workers and others at the rally.

Here’s hoping that there’s no ObamaBiden version of the Sports Illustrated cover jinx. We need all the exciting companies like M-7 we can create.

■

PERSONAL VIEW

Give criminals another employment shot

By BRAD FRIEDLANDER

I

have worked in restaurants for 30 years and now own five of them, with more than 340 employees in Cleveland, Miami and Boca Raton, Fla. In this business, the greatest blessing an owner can have is a loyal and hardworking staff. Where high turnover and fleeting allegiances can stall a business from growing, a stable crew from the front to the back of the house is gold. Customers can feel it and they come back.

I credit a lot of my success to smart hiring choices, and those choices may not be what you think. Many of my employees have some kind of conviction or arrest in their past, and a career of giving second chances to people has paid off remarkably.

This is counterintuitive for some.

Mr. Friedlander is president and CEO of Red Restaurant Group.

Don’t people with records pose some kind of risk?

On the contrary: In my experience, people with criminal records are often model employees. They are frequently the most dedicated and conscientious. A lot of doors are shut to them, so when someone gives them an opportunity, they make the most of it.

Giving folks a second chance is also the right thing to do. The U.S. Equal Employment Opportunity Commission just released an updated guidance, which passed with bipartisan support, on how to consider applicants with arrest or conviction records. In short, they said you can’t flat-out refuse applicants with records, but instead have to consider

whether and how their criminal history is job-related. A lot of times, records can be for relatively minor things like pot smoking or something that happened decades ago.

I suspect a lot of my employer colleagues are not even aware of the federal government’s stance here, but they should be. At a time when computerized background checks are becoming the norm, we forget that behind the résumés are real people looking for jobs. They are eager to help. And as the EEOC pointed out, turning away people with records often amounts to discrimination, often against workers of color.

Naturally, if I’m hiring a new waiter, dishwasher or delivery person, I have a responsibility to preserve a safe work environment and welcoming space for See VIEW Page 11

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MAY 21 - JUNE 3, 2012

WWW.CRAINSCLEVELAND.COM

THE BIG ISSUE The Cleveland Indians’ attendance is the worst in the league. Although they’ve been playing pretty well, what would it take to get more fans in the seats?

RON FREY

TRENACE CHAMBERS

JOHN LYSZCZARZ

THOMAS VOZAR

Olmsted Falls

Cleveland

Cleveland Heights

North Royalton

I think they have to keep winning — that’s No. 1, and to keep winning at the important times and not just the beginning of the season but all the way through the summer and into the playoffs.

Right now the reason why they’re low is it’s not summertime. Kids are still in school and everyone’s still working. Once summer starts, attendance always picks back up.

I think having family days and giveaways are a great way to do it. I have five kids and three of them are already into baseball.

They’d love to have a foam bat or a big finger.

You’ve got to have some charismatic players who can capture the public’s imagination. I think that’s really what it’s going to take.

➤➤ Watch more of these responses by visiting the Multimedia section at www.CrainsCleveland.com.

View: Second chances limit recidivism continued from PAGE 10

customers. But I also want to pick from the best applicant pool possible.

The candidate has to be the right fit.

When I consider a person’s conviction history, I also look at work history — how long someone stays at a job gives me a lot of information about what type of employee they’ll be. I consider the circumstances of someone’s conviction and how they’re working to turn their life around.

Because of this policy, we get to hire people who would potentially not otherwise apply for a restaurant job, people who are grateful to have a job and do more than other workers

to prove themselves and move up in the company.

There’s a broader benefit here, too. There are so many people with convictions in the U.S. — one in four U.S. adults — that it would be bad for our communities to keep them out of work and severely limit the applicant pool for many jobs.

Giving qualified candidates a second chance curbs the cycle of recidivism and promotes safe neighborhoods and communities. Responsible hiring policies really can go a long way.

Yes, I’ve had problems with employees, but the problems with the workers with criminal records are no different than those without

LETTER

It’s a Republican thing ■ Before declaring “a pox on both their houses,” in his May 14 commentary, “Yet another defeat for political reason,” Brian Tucker would have done well to consider the observations of Thomas Mann and Norman Ornstein, in their new book “It’s Worse than it Looks.”

These two experienced, nonpartisan scholars who probably know Washington better than anyone conclude that the overwhelming obstacles to compromise, cooperation and action are the Republicans.

Other analysts have demonstrated that the so-called “liberal left” has not moved appreciably, while the entire Republican Party has moved far to the right. Which party in the

Senate has used the filibuster nearly 400 times in the last couple of years, and which party has purged itself of almost all of the moderates in its ranks?

Fair commentary on a subject like this needs to be based on facts and should not be constrained by concern about being accused of partisanship. Messrs. Mann and Ornstein are not afraid to call a spade, and others should not be, either.

Saying that everyone is to blame means that no one is to blame. Congress is broken, and it can’t be fixed unless the illness is accurately identified and addressed.

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records. They are not a reason to shut the door on a quarter of the working population.

The truth is the most dedicated, conscientious employee just may be a person with a criminal record.

Taking the time to get our hiring decisions right saves us time and money in the long run. Thankfully the EEOC guidance explains what employers need to ensure a fair hiring process for applicants. And hopefully more employers will now know that not only do applicants with records have rights, they can also be good for business.

■

CRAIN’S CLEVELAND BUSINESS

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for those who make, sell, build, support, create, service, supply, repair, give, design, deliver, produce and contribute to our economy, we say thank you.

Giving small businesses the credit they deserve. Local businesses help support the vitality of our communities. That’s why we’re here for you today, tomorrow and especially during our May Small Business Month.

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CRAINâ&#x20AC;&#x2122;S CLEVELAND BUSINESS

TAX LIENS The Internal Revenue Service filed tax liens against the following businesses in the Cuyahoga County Recorderâ&#x20AC;&#x2122;s Office. The IRS files a tax lien to protect the interests of the federal government. The lien is a public notice to creditors that the government has a claim against a companyâ&#x20AC;&#x2122;s property. Liens reported here are $5,000 and higher. Dates listed are the dates the documents were filed in the Recorderâ&#x20AC;&#x2122;s Office.

LIENS FILED Protem Homecare LLC 3530 Warrensville Center Road, Suite 200, Shaker Heights ID: 20-3836346 Date filed: April 10 Type: Failure to file complete return Amount: $53,639 Horizon Electric Co. 15100 Arden Ave., Lakewood ID: 34-1942993 Date filed: April 10 Type: Employerâ&#x20AC;&#x2122;s withholding Amount: $44,777 Grindall Concrete Grinding Inc. P.O. Box 41322, Brecksville ID: 74-3040787 Date filed: April 10 Type: Employerâ&#x20AC;&#x2122;s withholding Amount: $43,477

Grindall Concrete Grinding Inc. P.O. Box 41322, Brecksville ID: 74-3040787 Date filed: April 10 Type: Employerâ&#x20AC;&#x2122;s withholding Amount: $37,938 American Interior Design Inc. 19561 Miles Road, Cleveland ID: 34-1459527 Date filed: April 17 Type: Employerâ&#x20AC;&#x2122;s withholding, unemployment Amount: $28,684 Circle of Learning Childcare Center Inc. 3767 Community College Ave., Cleveland ID: 20-0535940 Date filed: April 17 Type: Employerâ&#x20AC;&#x2122;s annual federal tax return Amount: $18,989 Beulah Baptist Church 14918 Cardinal Ave., Cleveland ID: 34-1214994 Date filed: April 3 Type: Employerâ&#x20AC;&#x2122;s withholding Amount: $17,905 Process Power Inc. 6133 Rockside Road, Suite 304, Independence ID: 34-1004759

WWW.CRAINSCLEVELAND.COM

Date filed: April 10 Type: Employerâ&#x20AC;&#x2122;s withholding, failure to file complete return Amount: $14,252 Medical Search Consultants Unlimited Inc. 815 Superior Ave. E. Suite 701, Cleveland ID: 34-1945966 Date filed: April 10 Type: Employerâ&#x20AC;&#x2122;s withholding, unemployment, corporate income Amount: $12,377 Brian A. Cole & Associates Ltd. 2035 Crocker Road, Westlake ID: 34-1941618 Date filed: April 6 Type: Employerâ&#x20AC;&#x2122;s withholding Amount: $11,375 H T V Industries Inc. Zook Enterprises 30195 Chagrin Blvd. Suite 310, Pepper Pike ID: 34-1355054 Date filed: April 10 Type: Employerâ&#x20AC;&#x2122;s withholding Amount: $10,240 Initiative for Academic Achievement Inc. P.O. Box 20246, Cleveland ID: 34-1973056 Date filed: April 3 Type: Return of organization exempt from income tax Amount: $9,841

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Beer: Law opened taps continued from PAGE 3

Eagle is piloting beer growler service at two supermarkets in its headquarters city, though it has no confirmed plans to offer draft beer in Ohio, said Dan Donovan, assistant marketing manager.

The growth in popularity of microbrewed beer is driving these investments, said Gary Rossen, owner of Roziâ&#x20AC;&#x2122;s Wine House in Lakewood, which has offered beer and wine tastings for years but launched its growler sales last August. (Growlers are containers in which draft beer often is sold; none of these retailersâ&#x20AC;&#x2122; systems is selfserve. Employees operate them.) â&#x20AC;&#x153;A lot of beers that are real trendy donâ&#x20AC;&#x2122;t come in six-packs or 22ounce bottles; they only come in kegs,â&#x20AC;? Mr. Rossen said. â&#x20AC;&#x153;So what happens is people canâ&#x20AC;&#x2122;t get their favorite microbrewed beer.â&#x20AC;?

Roziâ&#x20AC;&#x2122;s has enjoyed an excellent customer response to its growler service, Mr. Rossen said. â&#x20AC;&#x153;A lot of people are coming back over and over,â&#x20AC;? Mr. Rossen said. â&#x20AC;&#x153;Theyâ&#x20AC;&#x2122;re looking at Facebook and Twitter to see what we have on tap that day.â&#x20AC;?

Legal barrier comes down Some retailers only recently have been granted permission to sell beer in growlers: House Bill 243, which passed late last year and went into effect March 22, allows those who possess a certain taste-sampling permit to dispense beer into glass growlers that do not exceed one gallon for customers to consume off-premises.

Roziâ&#x20AC;&#x2122;s and Heinenâ&#x20AC;&#x2122;s, both of which have been selling growlers since before the change, possess different permits.

Selling beer on tap is not a small investment. While Heinenâ&#x20AC;&#x2122;s Mr. Thompkins declined to divulge the exact cost, he said each of the draft systems Heinenâ&#x20AC;&#x2122;s uses runs into thousands of dollars.

Like other retailers, Mr. Thompkins expects the investment to pay off. Similar to its wine program, Heinenâ&#x20AC;&#x2122;s uses Brewerâ&#x20AC;&#x2122;s Table to advise customers on what types of beer complement different foods. â&#x20AC;&#x153;My job, really, is to help Heinenâ&#x20AC;&#x2122;s sell more food,â&#x20AC;? Mr. Thompkins

INTRODUCING

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MAY 21 - JUNE 3, 2012

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said. â&#x20AC;&#x153;When you have complementary items like beer, it helps that mission.â&#x20AC;?

The grocerâ&#x20AC;&#x2122;s draft selections vary from store to store, so its Brewerâ&#x20AC;&#x2122;s Table web page is updated weekly to reflect whatâ&#x20AC;&#x2122;s on tap. At some point, four handles per store may not be enough, Mr. Thompkins said.

Some pour, some donâ&#x20AC;&#x2122;t Mandhir Rai, owner of North Coast Wine & Beer, is confident that pouring beer into growlers will differentiate his shop. â&#x20AC;&#x153;I always look for something unique and something different in my store,â&#x20AC;? he said.

Despite his competitorsâ&#x20AC;&#x2122; moves, Marc Zkiab, co-owner of Simoneâ&#x20AC;&#x2122;s Beverage in Lakewood, doesnâ&#x20AC;&#x2122;t have plans to install a draft system. â&#x20AC;&#x153;What we try and do is concentrate on what weâ&#x20AC;&#x2122;re doing right instead of getting involved with something that weâ&#x20AC;&#x2122;re not so sure thereâ&#x20AC;&#x2122;s a demand for,â&#x20AC;? he said. â&#x20AC;&#x153;Nobody ever really asks about it,â&#x20AC;? Mr. Zkiab added. â&#x20AC;&#x153;Weâ&#x20AC;&#x2122;ve had customers say that theyâ&#x20AC;&#x2122;ve gotten growlers at places where the carbonation wasnâ&#x20AC;&#x2122;t correct. There are a lot of variables of a draft system. You have to really know what youâ&#x20AC;&#x2122;re doing. We just donâ&#x20AC;&#x2122;t want to get involved in that.â&#x20AC;?

Heâ&#x20AC;&#x2122;ll drink to that The legislative change and the growler sales it spurs should help smaller breweries, some of which do not sell bottles at all, said Matt Mullins, spokesman for the Ohio Division of Liquor Control. â&#x20AC;&#x153;Customers are looking for locally produced, unique products,â&#x20AC;? Mr. Mullins said. â&#x20AC;&#x153;This is a good way to let people know what those are and try them.â&#x20AC;?

Asked what he thinks about retailers selling draft beer, Garin Wright, brewmaster and co-owner of Buckeye Brewing in Cleveland, replied: â&#x20AC;&#x153;Why would it be bad?â&#x20AC;?

Buckeye Brewing produces plenty of product that it doesnâ&#x20AC;&#x2122;t bottle and sells growlers itself. Already, it is selling kegs to some of the aforementioned retailers, Mr. Wright said. â&#x20AC;&#x153;The more the merrier,â&#x20AC;? he said. â&#x20AC;&#x153;All it does is give us another opportunity to sell another draft keg.â&#x20AC;? â&#x2013;

Unity (u ni t

)

n. 1. The state of being one 2. The state of being united or combined into one, as of the parts of a whole; uniďŹ cation. (e.g., Unity among Enterprise Community Investmentâ&#x20AC;&#x2122;s Multifamily Mortgage Business and Bellwether Real Estate Capital will yield superior multifamily and commercial ďŹ nancing solutions.)

3. Bellwether Enterprise Enterpriseâ&#x20AC;&#x2122;s 30 years as a leading provider of development capital and expertise, combined with Bellwetherâ&#x20AC;&#x2122;s seasoned loan origination and servicing team, spells a seamless, uniďŹ ed customer experience and offers a broader array of products and services. So, when you need an expert in multifamily and commercial ďŹ nancing, look up Bellwether Enterprise.

Jim Doyle, Jr., Principal, Director 216-820-4502 | jdoyle@bellwethercap.com Ross Halloran, Senior Vice President 216-820-4528 | rhalloran@bellwethercap.com www.BellwetherCap.com

Š 2012 Bellwether Enterprise Real Estate Capital LLC. All rights reserved.

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An update to our 2010 list with the latest on NE Ohio’s business leaders (* indicates new to the list) DAVID ABBOTT Executive director The George Gund Foundation Cleveland Age: 60 Type of organization: Grantmaking foundation Involvement: Chairman, Fund for Our Economic Future; Ohio Grantmakers Forum In the news: Like Mr. Abbott, The George Gund Foundation turns 60 this year. In February, the foundation awarded a $700,000 grant to support what it called “the bold strategy to reinvent public education in Cleveland” as proposed by Cleveland Mayor Frank Jackson and Cleveland Metropolitan School District CEO Eric Gordon in their School Transformation Plan.

MONTE AHUJA Chairman, CEO MURA Holdings LLC Beachwood Age: 65 Type of organization: Investment firm Involvement: BioEnterprise Corp.; University Hospitals; Naples Children & Education Foundation, Naples, Fla. In the news: Last June, Mr. Ahuja donated $10 million to his alma mater, Cleveland State University.

The gift, the largest in the school’s 47-year history, is for scholarships for business and engineering students and for an endowed professorship in business. In turn, university trustees voted to change the name of the school’s business college to the Monte Ahuja College of Business. Mr. Ahuja also indulged his self-described “passion for golf” by acquiring Barrington Golf Club in Aurora.

VIRGINIA ALBANESE President, CEO FedEx Custom Critical Green Age: 48 Type of organization: Expedited shipper Involvement: Chairwoman, The Boys and Girls Clubs of the Western Reserve; immediate past chairwoman, Greater Akron Chamber of Commerce; Akron Children’s Hospital; Akron Community Foundation In the news: In March, Ms. Albanese ended her term as the first female to

chair the Greater Akron Chamber of Commerce. Members of the National Shippers Strategic Transportation Council named FedEx Custom Critical the Carrier of the Year in the expedited category.

ANTHONY ALEXANDER President, CEO, board member FirstEnergy Corp.

Akron Age: 61 Type of organization: Electric utility Involvement: Akron Tomorrow; Edison Electric Institute; Institute of Nuclear Power Operations; Nuclear Energy Institute; Team NEO In the news: With the completion of its acquisition of Allegheny Energy in 2011, FirstEnergy became one of the nation’s largest investor-owned electric systems based on 6 million customers served. Under Mr. Alexander’s leadership, FirstEnergy strengthened its balance sheet and reduced its debt-tototal-capacity ratio to its lowest level in six years.

PHILIP ALEXANDER CEO BrandMuscle Inc. Beachwood Age: 53 Type of organization: Marketing Involvement: Former chairman, NEOSA; Barkley Advertising (Kansas City); Case School of Engineering’s MEM program; visiting committee, Weatherhead School of Management; Jumpstart Inc. In the news: In February, private equity firm The Riverside Co. bought BrandMuscle. Mr. Alexander said the deal provides his company with “tremendous opportunities moving forward, and we plan to aggressively grow the business,” which creates online software that allows national companies to develop localized marketing campaigns.

ART ANTON President, CEO Swagelok Co. Solon Age: 54 Type of organization: Manufacturing Involvement: Forest City Enterprises Inc.; Olympic Steel Inc.; SherwinWilliams Co.; University Hospitals In the news: In January, IndustryWeek named Swagelok’s main plant in Solon

as one of 10 winners in its 2011 Best Plants competition. The magazine annually recognizes plants that are leaders in efforts to boost competitiveness, enhance customer satisfaction and create stimulating and rewarding work environments. Mr. Anton said the honor was “a direct result of the continuous improvement activities of our associates.”

CHRIS ANTONETTI* Executive vice president, general manager Cleveland Indians Cleveland Age: 37 Type of organization: Baseball team Involvement: Center for Families and Children In the news: Last summer, in his first year as general manager, Mr. Antonetti made a trade that might define his career as he gave up prized minor league pitchers Drew Pomeranz and Alex White — both former No. 1 draft choices of the Indians — for Colorado Rockies pitcher Ubaldo Jimenez.

HARRIET APPLEGATE* Executive secretary North Shore AFL-CIO Federation of Labor Cleveland Age: 63 Type of organization: Labor union Involvement: City Club of Cleveland; Community Partnership for Arts and Culture; Cuyahoga County Economic Development Commission; Sustainable Cleveland 2019; Workforce Investment Board In the news: In February, members of Cleveland’s AFL-CIO joined Cleveland City Councilman Joe Cimperman and Tremont neighborhood residents in a rally against the planned delay by the Ohio Department of Transportation in the construction of a second Inner Belt Bridge. “Keep the pressure on,” Ms. Applegate urged participants at the rally.

REBECCA O. BAGLEY President, CEO NorTech Cleveland Age: 39 Type of organization: Technology nonprofit Involvement: BioHio Research Park; National Association for Seed and

Venture Funds; The Oberlin Project — A Clinton Climate Initiative; Ohio Board of Regents Technology Transfer & Commercialization Task Force; State Science Technology Institute In the news: Ms. Bagley is raising the visibility of the region’s emerging industry clusters. Within the past year, NorTech has hosted roundtables with officials from the Small Business Administration, federal Economic Development Administration, U.S. Department of Energy, the General Services Administration and JobsOhio to meet with Northeast Ohio stakeholders and discuss job creation policies that will enhance business growth.

DAVID BEACH Director GreenCityBlueLake Institute of the Cleveland Museum of Natural History Cleveland Age: 55 Type of organization: Environmental nonprofit Involvement: Greater Ohio Policy Center; Sustainable Cleveland 2019; Fresh Water Innovation Alliance; Doan Brook Watershed Partnership; Clean Ohio Natural Resources Assistance Council for Cuyahoga County In the news: Mr. Beach recently spearheaded the development of the Natural History Museum’s PNC SmartHome exhibit, the first house in Northeast Ohio designed to meet the Passive House standard for extreme energy performance. The project made national and international headlines, raised the bar for green building and neighborhood redevelopment in the region, and won a national award for creativity in museums from the American Association of Museums.

JIM BENNETT* Senior vice president MMPI Inc. Cleveland Age: 69 Type of organization: Tradeshow, convention center operator Involvement: Director, Within3; managing director, the Bennett Group LLC In the news: Mr. Bennett was announced as MMPI’s top local official in charge of the under-construction convention center and medical mart on April 19. He is a former McKinsey & Co. executive.

JODI BERG President Vitamix Corp.

Olmsted Township Age: 46 Type of organization: Manufacturing Involvement: Greater Cleveland Partnership; Young Presidents’ Organization; Women’s Foodservice Forum; fellow, Culinary Institute of America; governor-appointed member, Northern Ohio District Export Council In the news: Vitamix on May 2 broke ground on a $10 million expansion of its headquarters. The company needs the extra 51,000 square feet: Over the past three years, Vitamix has doubled its sales and increased its work force by 45%. It employs about 500 today and plans to hire at least 100 more this year, the company said when it announced the expansion.

RONALD M. BERKMAN President Cleveland State University Cleveland Age: 65 Type of organization: Higher education Involvement: BioEnterprise Corp.; Greater Cleveland Partnership; ideaStream; Positively Cleveland; Rock and Roll Hall of Fame and Museum In the news: Last month, Dr. Berkman revealed that Cleveland State is planning a $45 million Center for Health Professions on the site of the soon-to-be-demolished Viking Hall. He characterized the center as one of the “most important” pieces in his vision for growing the urban university.

DANIEL E. BERRY President, CEO Magnet (Manufacturing Advocacy and Growth Network) Cleveland Age: 64 Type of organization: Manufacturing nonprofit Involvement: Past chairman, VGS (Vocational Guidance Services); vice chairman, Ohio Edison Center Directors Council; Team NEO; Cleveland-Cuyahoga County Workforce Investment Board; Ohio Department of Development continued on PAGE W-2

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CRAIN’S CLEVELAND BUSINESS

Manufacturing Task Force In the news: Mr. Berry has led Magnet’s efforts to build the Partnership for Regional Innovation Services to Manufacturers (PRISM), which is aimed at accelerating growth of the region’s small and midsize manufacturers through innovation.

DON BROWN CEO Arteriocyte Inc. Cleveland Age: 49 Type of organization: Medical technology Involvement: Arteriocyte Medical Systems; Arteriocyte Inc.; Ohio Venture Association, BioOhio In the news: Arteriocyte last December held an open house showing off its new, 10,000-square-foot headquarters in the Baker Electric Building in Cleveland. Also that month, Arteriocyte succeeded in helping create the Wounded Warrior Treatment Network under a National Defense Authorization to enable faster clinical execution of novel treatments for wounded warriors.

A major clinical focus of the company is to enable improvements in the treatment of acute musculoskeletal injuries for wounded warriors.

MAY 21 - JUNE 3, 2012

SHERROD BROWN Senator, Democrat U.S. Senate Avon/Washington, D.C. Age: 59 Type of organization: Government Involvement: Boy Scouts of America; Planned Parenthood; NAACP; Urban League; Gallaudet University, Washington, D.C. (federally chartered university for the deaf and hard of hearing) In the news: Sen. Brown is locked in a fierce battle with Republican state Treasurer Josh Mandel for his Senate seat, up for grabs in November’s election. Recent polls show Sen. Brown’s lead narrowing, as big-name Republican backers align here. However, with the loyal support of influential unions across the state, Mr. Brown still will be tough to defeat.

MARC S. BYRNES Chairman, CEO Oswald Cos. Cleveland Age: 58 Type of organization: Insurance

brokerage Involvement: Cleveland Leadership Center; United Way of Greater Cleveland; University School; Bellefaire JCB; Jewish Community Federation In the news: Oswald made waves in January when it brought on well-known African-American businessman Eddie Taylor to start a new arm, Taylor Oswald, an attractive option for companies, universities and other organizations that have diversity inclusion goals. Oswald in January 2011 joined the chorus of insurance brokerages in acquisition mode, taking on Selvaggio, Teske + Associates of Beachwood.

JOSEPH CALABRESE CEO, general manager Greater Cleveland Regional Transit Authority Cleveland Age: 60 Type of organization: Public transportation Involvement: Downtown Cleveland Alliance; Build Up Greater Cleveland; Senior Transportation Connection; Northeast Ohio Sustainable Communities Consortium; Cleveland/Cuyahoga County Workforce Investment Board In the news: RTA is uniquely positioned to capitalize on the ongoing

Cleveland’s a great home for a global company

boom in downtown Cleveland. As parking tightens with the advent of the Horseshoe Casino Cleveland, the Medical Mart and Convention Center and later, the Flats East Bank, RTA will encourage more visitors to take public transportation and will revive its longdormant waterfront line when the East Bank project is finished next year, Mr. Calabrese said recently. Plus, RTA already is planning to expand the free trolley service it operates downtown.

DAR CALDWELL, TODD GOLDSTEIN, SAM KRICHEVSKY* Partners Shaker LaunchHouse Shaker Heights

Ages: Mr. Caldwell, 30; Mr. Goldstein, 29; Mr. Krichevsky, 29 Type of organization: Business accelerator Involvement: Mr. Caldwell — Ingenuity Festival, Ohio Homecoming, Cornell Center for Transformative Action, Bad Girl Ventures; Mr. Goldstein — Young Leadership Division of Jewish Federation of Cleveland; Cleveland Hillel Foundation Board; Park Synagogue Men’s Club; Mr. Krichevsky — Young Leadership Division of the Jewish Federation of Cleveland, Waxman Chabad Center In the news: The incubator in October renovated and added another 5,000 square feet and 10 more companies, adding to the roster of 60 small companies that already paid to rent space.

In February, the Ohio Third Frontier Commission awarded it a $200,000 grant, which it will use to fund a new program called the LaunchHouse Institute.

JOSEPH A. CARRABBA

We’re proud of our biggest office in the world here in Cleveland, but our focus on growing small businesses involves the whole world. To learn more about how Riverside transforms and grows companies worth up to $200 million, visit riversidecompany.com.

We thank Crain’s Cleveland Business for recognizing Riverside Co-CEO Stewart Kohl as one of the 150 Names to Know in Northeast Ohio.

Chairman, president, CEO Cliffs Natural Resources Cleveland Age: 59 Type of organization: Raw material supplier Involvement: American Iron & Steel Institute; National Mining Association; Great Lakes Science Center; University Hospitals; KeyCorp In the news: Mr. Carrabba and Cliffs in March signaled a shift in focus, from large-scale acquisitions — such as a $4.9 billion deal last year and a $757 million one in 2010 — to growing its existing business lines. Mr. Carrabba detailed the shift in the same analyst call as the one during which Cliffs said it would increase its dividend to shareholders by 123%.

ROY A. CHURCH

20 offices 14 countries 4 continents

5 0 P u b l i c S q u a r e , 2 9 th f l o o r, C l e v e l a n d , O H 4 4 1 1 3

President Lorain County Community College Elyria Age: 65 Type of organization: Higher education Involvement: Ohio Board of Regents; NorTech; Northeast Ohio Council on Higher Education; Magnet; Team Lorain County In the news: LCCC currently is raising

roughly $65 million for construction and renovation to expand its reach in Lorain County and to modernize an aging campus that was built for 6,600 students but now serves more than 13,000. The latest project is a $21.5 million, 50,843-square-foot science building that will house classroom and lab space, Dr. Church told Crain’s earlier this month.

PAUL CLARK Regional president for northern Ohio PNC Financial Services Group Inc. Cleveland Age: 59 Type of organization: Banking Involvement: Baldwin-Wallace College; Cuyahoga County Invest in Children; Greater Cleveland Partnership; Neighborhood Progress Inc.; United Way of Greater Cleveland In the news: PNC remained Northeast Ohio’s second-largest bank based on deposits according to Crain’s annual banks list, published Dec. 12. PNC’s deposits increased 4.8% to $9.2 billion from $8.8 billion, ahead of No. 3 Huntington but behind No. 1 Key. PNC also joined a Cuyahoga County program that will guarantee private business loans that otherwise would not be bankable.

CHRIS COBURN Executive director Cleveland Clinic Innovations Cleveland Age: 55 Type of organization: Technology transfer office Involvement: Third Frontier; Cuyahoga Arts and Culture; Hathaway Brown School; City Club of Cleveland In the news: Mr. Coburn has led the entity since its founding May 2000, and in February added more responsibility: He will help lead partnerships the Clinic has made as part of its Innovation Alliance program, designed in part to lead the commercialization of medical breakthroughs. The Clinic has two partners in the program: North ShoreLIJ Health System of Manhasset, N.Y., and MedStar Health of Columbia, Md.

DAN COLANTONE* President, CEO Greater Akron Chamber Akron Age: 56 Type of organization: Chamber of commerce Involvement: Akron Tomorrow; Leadership Akron; University Park Alliance; Team NEO In the news: Mr. Colantone recently worked to develop a new five-year strategic plan, titled “2009-2013, Advance Akron: Our Region. Our Future.” He led collaborative efforts to include business, education and political leadership, according to the chamber’s senior vice president of communications Rebecca Guzy Woodford.

JOHN COLM President WIRE-Net Cleveland Age: 58 continued on NEXT PAGE ➤

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MAY 21 - JUNE 3, 2012

Type of organization: Manufacturing advocacy group Involvement: Cleveland Citywide Development Corp.; Sustainable Cleveland 2019; The Friends of Max Hayes In the news: WIRE-Net and Magnet, another Cleveland manufacturing advocate, currently have a heavy focus on getting their constituents involved with Ohioâ&#x20AC;&#x2122;s ongoing shale gas boom. Mr. Colm, a 2011 Crainâ&#x20AC;&#x2122;s Difference Maker, oversees an estimated $2.9 million budget and a staff of 23.

C. ELLEN CONNALLY* President Cuyahoga County Council Cleveland Age: 67 Type of organization: Government Involvement: Breast Cancer Fund of Ohio; Community Action Against Addiction; Cleveland Civil War Roundtable In the news: Ms. Connally in January 2011 was voted the first president of Cuyahoga Countyâ&#x20AC;&#x2122;s new 11-member council, which went into effect when voters passed a new charter government the previous November. Almost immediately, the council was mired in controversy after a private meeting to organize votes for council president.

Now, Ms. Connally and fellow council members have a real estate consolida-

tion, among other county business, atop their collective to-do list.

CHRIS CONNOR CEO Sherwin-Williams Co. Cleveland Age: 56 Type of organization: Paint maker Involvement: Rock and Roll Hall of Fame and Museum; PlayhouseSquare Foundation; University Hospitals; United Way of Greater Cleveland; Greater Cleveland Partnership In the news: Things are looking sharp at the $9 billion paint and coatings maker, Northeast Ohioâ&#x20AC;&#x2122;s sixth-largest public company, according to Crainâ&#x20AC;&#x2122;s research. Mr. Connor said in an analysts call announcing Sherwin-Williamsâ&#x20AC;&#x2122; firstquarter results that he expects secondquarter sales will be up 10% to 15% from levels in 2011â&#x20AC;&#x2122;s second quarter.

WILLIAM CONSIDINE President, CEO Akron Childrenâ&#x20AC;&#x2122;s Hospital Akron Age: 64 Type of organization: Health care Involvement: Ohio Business Roundtable; Austen BioInnovation Institute in Akron; John S. and James L. Knight Foundation; Greater Akron Chamber; University Park Alliance In the news: A 2011 Crainâ&#x20AC;&#x2122;s Health Care Hero, Mr. Considine leads the

Akron-based pediatric care provider, where employment grew 8.6% last year to move the hospital to the No. 24 spot on Crainâ&#x20AC;&#x2122;s largest Northeast Ohio employers. Still, Akron Childrenâ&#x20AC;&#x2122;s and other hospitals in the region continuously cope with the unknown. â&#x20AC;&#x153;In this business anymore, if you canâ&#x20AC;&#x2122;t be comfortable with ambiguity, youâ&#x20AC;&#x2122;re in the wrong business,â&#x20AC;? Mr. Considine told Crainâ&#x20AC;&#x2122;s in a January health care outlook story.

PATRICK AND DANIEL CONWAY Co-owners Great Lakes Brewing Co. Ohio City Ages: Patrick, 63; Daniel, 50 Type of organization: Restaurant, brewery Involvement: Several environmental and social organizations in Northeast Ohio In the news: Beer made by Great Lakes Brewing is no longer just for Ohioans. The brewery now sells beer in more than a dozen states.

Earlier this year the company started selling its concoctions in northern Virginia, central Pennsylvania and the Raleigh-Durham-Chapel Hill region of North Carolina.

DR. DELOS â&#x20AC;&#x153;TOBYâ&#x20AC;?

COSGROVE President, CEO

Cleveland Clinic Cleveland Age: 71 Type of organization: Health care Involvement: Cuyahoga Community College In the news: The Cleveland Clinic in recent years has opened hospitals in such far-flung locales as Las Vegas and Florida â&#x20AC;&#x201D; a trend that should continue, Dr. Cosgrove told Crainâ&#x20AC;&#x2122;s earlier this month. â&#x20AC;&#x153;Weâ&#x20AC;&#x2122;re now looked at as a national and an international brand.

That creates all kinds of opportunities for us.â&#x20AC;?

JIM COSSLER CEO, chief evangelist Youngstown Business Incubator Youngstown Age: 56 Type of organization: Economic development/ software Involvement: Youngstown State University S.T.E.M. College; Hiram College Center for Integrated Entrepreneurship; University of Akron School of Computer Science; Slippery Rock University Department of Computer Science; JumpStart Mentor Program In the news: The Youngstown Business Incubator has been attracting national attention for years, in large part because of the evangelizing of Mr. Cossler. â&#x20AC;&#x153;If a customer says itâ&#x20AC;&#x2122;s irrelevant where the software is coming from, why canâ&#x20AC;&#x2122;t it come from

Youngstown?â&#x20AC;? he told Crainâ&#x20AC;&#x2122;s a year ago.

ED CRAWFORD CEO, chairman Park-Ohio Holdings Corp.

Mayfield Heights Age: 72 (as of 4/13/12) Type of organization: Manufacturing Involvement: N/A In the news: Park-Ohio Industries, a subsidiary of Park-Ohio Holdings, in March bought Fluid Routing Solutions Inc., which makes industrial hose products as well as fuel filler and hydraulic fluid assemblies. At the time, Fluid Routing Solutions had more than 950 employees, and it brought in $190 million in revenue for the 12 months ending Jan. 31.

ALEXANDER â&#x20AC;&#x153;SANDYâ&#x20AC;? CUTLER CEO, chairman Eaton Corp.

Cleveland Age: 60 Type of organization: Manufacturing Involvement: DuPont; KeyCorp; Greater Cleveland Partnership; United Way Services of Greater Cleveland; Electrical Manufacturers Club In the news: Mr. Cutler has been in the news a lot lately, opining on the broader economy and the governmentâ&#x20AC;&#x2122;s efforts to help it along. He deserves to be heard, if Eatonâ&#x20AC;&#x2122;s recent performance is any indication. In 2011, the companyâ&#x20AC;&#x2122;s continued on PAGE W-4

GLOBALLY recognized NATIONALLY ranked LOCALLY vital Kent State University IS THE REGION S LEADING PUBLIC UNIVERSITY s

s

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2ANKED AS ONE OF THE TOP UNIVERSITIES IN THE WORLD BY 4IMES (IGHER %DUCATION ,ONDON .AMED TO THE TOP TIER OF THE BEST COLLEGES IN THE NATION BY U.S. News & World Report 'ENERATED BILLION IN ADDED INCOME TO THE .ORTHEAST /HIO ECONOMY .EARLY ALUMNI WORLDWIDE #ELEBRATING MORE THAN YEARS OF EXCELLENCE IN ACTION

Kent State University, Kent State and KSU are registered trademarks and may not be used without permission. Kent State University, an equal wopportunity, afďŹ rmative action employer, is committed to attaining excellence through the recruitment and retention of a diverse workforce. 12-1037

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profits jumped by 45%, to $1.35 billion.

Hence, the company raised its dividend by 12%, to 38 cents per share.

A. RAY DALTON President, CEO PartsSource Inc. Aurora Age: 56 Type of organization: Medical parts supplier Involvement: Founder, chairman, Dalton Family Foundation; American Red Cross, blood division; Pawsability; Hospital Shalom, Guatemala; strategic adviser to hospital in Togo, Africa In the news: Not only has Mr. Dalton founded several companies, but he’s written one book and is working on another that will talk about the five “Cs” of success: confidence, credibility, compliment, community and communication. “Everyone has one company and one book in them,” he says. “I’ve been blessed and I’m living a dream I don’t deserve. I feel an obligation to be an encourager to other people.”

STEVEN M. DETTELBACH U.S. Attorney for the Northern District of Ohio U.S. Justice Department Cleveland Age: 46 Type of organization: Government Involvement: Mr. Dettelbach had to resign from all boards as part of his job so as to prevent conflicts of interest, according to a spokesman.

In the news: About 800 companies that have joined Mr. Dettelbach’s Northeast Ohio Business Ethics Coalition have signed a pledge to fight corruption and speak out against public officials who seek bribes. He’s also helping oversee a federal task force that aims to keep an eye out for crime related to Horseshoe Casino Cleveland.

FRANK L. DOUGLAS President, CEO; professor Austen BioInnovation Institute in Akron; University of Akron, Northeast Ohio Medical University Akron; Rootstown Age: 69 Type of organization: Economic development/ health care Involvement: Ewing Marion Kauffman Foundation; Multiple Myeloma Research Foundation; BioOhio; national chair, Value-driven Engineering and U.S. Global Competitiveness Initiative; Akron Urban League In the news: The Austen BioInnovation Institute has helped Akron’s three major hospital systems produce 88 invention disclosures in a 12-month period, through November 2011. That’s up from 25 in 2010 and zero in 2009.

ART J. FALCO President, CEO PlayhouseSquare Foundation Cleveland Age: 58 Type of organization: Cultural institution/real estate Involvement: Tony voter, Broadway

League; Downtown Cleveland Alliance; PlayhouseSquare District Development Corp.; Positively Cleveland; Union Club In the news: Mr. Falco played a big role in helping build a partnership that led both Cleveland State University’s theater program and the Cleveland Play House to begin using the recently renovated Allen Theatre.

UMBERTO P. FEDELI President, CEO The Fedeli Group Independence Age: 52 Type of organization: Insurance Involvement: The Cleveland Clinic; Park View Federal Savings Bank; chairman, Northern Ohio Italian American Foundation; John Carroll University; Cleveland Catholic Diocese In the news: Aside from his work at The Fedeli Group, Mr. Fedeli also is an investor. Sometimes a vocal one. A few months ago he wrote a letter to LNB Bancorp’s leaders saying he would invest in the bank to help it pay off a loan from the federal Troubled Asset Relief Program. The loan’s interest will rise to 9% from 5% at the end of 2013.

“Anytime I have a cost that increases 80%, to me, that’s something that needs to be treated with urgency,” he said.

JOSE FELICIANO Founder, chairman Hispanic Roundtable Cleveland Age: 62 Type of organization: Nonprofit Involvement: Greater Cleveland Partnership; Global Cleveland; U.S. District Court for the Northern District of Ohio; House of Delegates, American Bar Association In the news: Mr. Feliciano, also a partner at Baker & Hostetler, this year was one of eight people inducted into the Cleveland International Hall of Fame. He was born in Puerto Rico.

ED FITZGERALD County executive Cuyahoga County Cleveland Age: 43 Type of organization: Government Involvement: County Executives of America; County Commissioner Association of Ohio; chair, Economic Development Commission of Cuyahoga County In the news: “I’m not surprised at that when I hear it,” he said in April, after members of Cuyahoga County Council complained about not having enough input on the county’s effort to find a new headquarters. “The typical complaint of council is usually that they weren’t included in enough decision making on administrative matters and the typical complaint of an executive is that a council is getting into administrative matters that they don’t have jurisdiction over or it’s not their appropriate role.”

MARK FLEINER CEO Rolls-Royce Fuel Cell Systems

MAY 21 - JUNE 3, 2012

North Canton Age: 45 Type of organization: Developer of fuel cell systems Involvement: Team NEO; Canton Regional Chamber of Commerce In the news: Mr. Fleiner and others who spoke at the 2011 Ohio Fuel Cell Symposium in North Canton warned that the federal government has been cutting financial support for fuel cell research and that state support for the industry is in question.

CHARLES FOWLER President, CEO Fairmount Minerals Chardon Age: 66 Type of organization: Producer of industrial sand Involvement: Case Western Reserve University In the news: Mr. Fowler and his wife, Char, gave $17 million to Rainbow Babies and Children’s Hospital to establish a cancer institute. The gift was made in memory of their daughter, Angie, who died of melanoma at age 14. On the corporate side, Fairmount Minerals has emerged as one of the region’s leading advocates of the sustainability movement.

DAVID FRANKLIN Director Cleveland Museum of Art Cleveland Age: 51 Type of organization: Arts institution Involvement: University Circle Inc.; Culture Property Task Force of the Association of Art Museum Directors In the news: Mr. Franklin is guiding the completion of the museum’s $350 million building renovation and expansion project, which the museum estimates has generated $593 million in economic stimulus within Cuyahoga County thus far. The expansion positions the museum as a cultural and economic leader locally and globally as it nears its centennial celebration in 2016.

JEFFREY FRIEDMAN Chairman, president, CEO Associated Estates Realty Corp.

Richmond Heights Age: 60 Type of organization: Apartment-focused real estate investment trust Involvement: Greater Cleveland Sports Commission; National Association of Real Estate Investment Trusts; Chief Executives Organization; Urban Land Institute; National MultiHousing Council In the news: A parking lot on the Miracle Mile, the nickname for Wilshire Boulevard in Los Angeles, will provide Associated Estates with an avenue to enter the southern California market.

Associated Estates plans to construct a 174-unit apartment building and parking garage on a two-acre site.

WILLIAM D. FRIEDMAN President, CEO

ClevelandCuyahoga County Port Authority Cleveland Age: 51 Type of organization: Government Involvement: American Association of Port Authorities; American Great Lakes Ports Association; Northeast Ohio Development Fund; Cuyahoga County Economic Development Commission In the news: Mr. Friedman is working to implement a strategic plan for the Port Authority based on this premise: The Port of Cleveland has the capacity to handle far more cargo than it does at present, and it’s up to port officials to bring more tonnage over its docks.

MARCIA FUDGE* U.S. representative, Democrat, 11th district U.S. House of Representatives Cleveland Age: 59 Type of organization: Government Involvement: Past national president, Delta Sigma Theta Sorority Inc. In the news: Rep. Fudge last month introduced the Let’s Grow Act of 2012 to support sustainable agriculture activities in American cities. In March, she and Rep. Steve LaTourette introduced a bill that would make $4 billion available to the states to help communities swamped by the need to demolish vacant and abandoned properties.

HIROYUKI FUJITA Founder, president, CEO Quality Electrodynamics LLC Mayfield Village Age: 45 Type of organization: Designer and manufacturer of MRI radio frequency coil technology for human body imaging Involvement: Inamori International Center of Ethics and Excellence, Case Western Reserve University; The Musical Arts Association and The Cleveland Orchestra; Hawken School; Global Cleveland; The Cleveland Foundation In the news: Dr. Fujita sat with First Lady Michelle Obama for the 2012 State of the Union address, where he was an honored guest.

STUART GARSON Attorney; party chairman Seaman Garson LLC; Democratic Party of Cuyahoga County Cleveland Age: 62 Type of organization: Law firm; Political party Involvement: American Association for Justice; Ohio Association of Justice; Cleveland Metropolitan Bar Association In the news: It’s an election year, so Mr. Garson is ramping up for a busy autumn on behalf of Democratic candidates. In his law firm life, Mr. Garson and lead attorney James DeRoche are pursuing a class-action lawsuit against the Ohio Bureau of Workers’ Compensation’s group rating program under

which non-group rated employers were overcharged more than $1 billion during the period covered by the lawsuit. The class has been certified by the court. There are more than 285,000 Ohio businesses that are represented and seeking restitution.

FRED AND GREG GEIS Co-owners, Geis Development Co. Members, Hemingway Development Inc. Streetsboro Ages: Fred, 53; Greg, 44 Type of organization: Real estate Involvement: Fred Geis — Downtown Cleveland Alliance; Cleveland Botanical Gardens; Greater Cleveland Green Building Coalition; Portage Development Board; Society of Industrial and Office Realtors; Greg Geis — National Association of Office and Industrial Properties In the news: Monmouth Real Estate Investment Corp. of Freehold, N.J., last October acquired the Best Buy warehouse in Streetsboro’s Interstate Commerce Center industrial park from Geis for $19.6 million.

DR. JAY A. GERSHEN President Northeast Ohio Medical University Rootstown Age: 66 Type of organization: Higher education Involvement: Greater Akron Chamber; NorTech; Akron Tomorrow; Portage Development Board; Austen BioInnovation Institute in Akron In the news: NEOMED tapped Signet Development of Akron as the developer for its residential housing village project, which will serve as the lead component of the university’s $130 million expansion initiative.

DAN GILBERT Owner Cleveland Cavaliers; Rock Ventures LLC Cleveland Age: 50 Type of organization: Basketball team; casino Involvement: Bizdom U; Cleveland Clinic; Children’s National Medical Center, Washington, D.C.; Children’s Tumor Foundation In the news: His Rock Ventures on May 14 opened the Horseshoe Casino Cleveland, the first casino in Ohio. The Cavaliers began their rebuilding process around Rookie of the Year Kyrie Irving.

DAVID E. GILBERT President, CEO Greater Cleveland Sports Commission/ Positively Cleveland continued on NEXT PAGE ➤

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Cleveland Age: N/A Type of organization: Civic and economic development Involvement: Cleveland Jewish News; International Children’s Games In the news: At Positively Cleveland’s annual meeting on May 9, Mr. Gilbert unveiled a five-year strategic plan for the organization. Instead of just promoting the city to meeting planners and advertising tourist attractions, Mr. Gilbert said Positively Cleveland intends to play a greater role in shaping “how Cleveland looks, acts and feels as a travel destination.”

JOSEPH GINGO Chairman, president, CEO A. Schulman Inc. Fairlawn Age: 67 Type of organization: Plastic resins supplier Involvement: N/A In the news: The company announced in April that it will move its corporate headquarters to a new location in Fairlawn two miles from its current location. The new building, which will anchor the new Fairlawn Corporate Park, will be 34,000 square feet and will house 130 employees.

MARCUS GLOVER* Senior vice president, general manager Horseshoe Casino Cleveland Cleveland Age: 37 Type of organization: Casino Involvement: Positively Cleveland; Rock and Roll Hall of Fame and Museum In the news: Cleveland on May 14 officially became home to Ohio’s first casino when it opened its doors to the general public. Whether the gambling hall will be a good bet for the city’s economy and future is yet to be seen, but casino officials predict it will attract about 5 million visitors in its first year.

Type of organization: Nonprofit/arts Involvement: N/A In the news: Attendance to the 2012 film festival was 85,018, a 9% increase from 2011 and a 143% increase since 2003. The event also hit a milestone this year with its largest one-day attendance: 13,176 on Saturday, March 31.

ERIC GORDON* CEO Cleveland Metropolitan School District Cleveland Age: 41 Type of organization: Education Involvement: Board vice president, ACE Mentor Program, Cleveland chapter; NewBridge-Cleveland Center for Arts and Technology; Greater

Cleveland Film Commission; Rock and Roll Hall of Fame; United Way of Greater Cleveland In the news: It’s been nearly a year since Mr. Gordon took over as chief academic officer in the Cleveland Metropolitan School District, and since then he’s been a leader in a major transformation plan along with Mayor Frank Jackson on which officials are pinning the future of the district.

ALBERT GREEN CEO Kent Displays Inc. Kent Age: 46 Type of organization: Manufacturing (liquid crystal displays) Involvement: U.S. Commerce

Department Manufacturing Council; adviser, President Barack Obama’s Export Council; Federal Reserve Bank of Cleveland Business Advisory Council; NorTech; FlexMatters Steering Committee chairman In the news: Albert Green recently was selected as one of seven new members for The Manufacturing Council, a private-sector committee that directly advises U.S. Secretary of Commerce John Bryson. Meanwhile, Kent Displays earlier this year announced the installation of a second roll-to-roll line, which is expected to triple the company’s LCD production capacity, and the company’s consumer products subsidiary continues in the production of its e-writer, the Boogie Board.

PAUL G. GREIG

FirstMerit Corp.

Akron Age: 56 Type of organization: Banking Involvement: Federal Reserve Bank of Cleveland; Team NEO; co-chairman, The American Bankers Council; Akron Tomorrow; Musical Arts Association In the news: This spring, under recently enacted “say-on-pay” rules, shareholders cast 47.2 million votes against FirstMerit Corp.’s compensation plan compared to 41.2 million for it. FirstMerit filed with the Securities and Exchange Commission on March 29 a presentation that began with the assertion that certain proxy advisers seemed to reach the wrong conclu-

Chairman, president, CEO

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MY BENESCH “It’s nice to have a law firm that ‘gets’ my business.”

STEVE G. BRYAN CEO Vigillo LLC

ANNE GOODMAN President, CEO Cleveland Foodbank Cleveland Age: 45 Type of organization: Nonprofit Involvement: Western Reserve Academy; Ohio Association of Foodbanks; Council for Economic Opportunities in Greater Cleveland; advisory board, John Carroll University, graduate school of nonprofit studies In the news: The Cleveland Foodbank developed a strategic plan last year to increase the number of meals it makes possible by 60% over the next three years through not only food distribution but through aggressive food stamp outreach efforts.

MARCIE GOODMAN Executive director Cleveland International Film Festival Cleveland Age: 57

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sion on the company’s compensation package. (Say-on-pay votes are nonbinding.)

JAMES W. GRIFFITH President, CEO The Timken Co. Canton Age: 58 Type of organization: Manufacturing Involvement: President, World Bearing Association; board chairman, Manufacturing Advocacy and Growth Network (Magnet); U.S.-China Business Council; Goodrich Corp.; Illinois Tool Works Inc. In the news: The company announced earlier this year that it will invest $42 million to build a new, two-story office complex connected to its global technology center near Akron-Canton Airport. Plans call for the complex to accommodate a combined team of nearly 1,000 employees. Completion is expected in the fourth quarter of 2013.

BRIAN E. HALL CEO Innogistics LLC Cleveland Age: 54 Type of organization: Logistics Involvement: Rock and Roll Hall of Fame and Museum; University Hospitals; chair, Presidents Council Foundation; chair, Black W/YPO Network; board of advisers, former co-chair, Commission on Economic Inclusion (interim executive director as of June 1) In the news: Mr. Hall is taking over

MAY 21 - JUNE 3, 2012

the interim role at the Commission on Economic Inclusion following the sudden departure of Andrew Jackson, who had been executive director of the commission and a senior vice president of the Greater Cleveland Partnership, the commission’s parent organization.

JAMES L. HAMBRICK Chairman, president, CEO Lubrizol Corp.

Wickliffe Age: 57 Type of organization: Chemicals Involvement: Hospice of the Western Reserve; University Hospitals; Greater Cleveland Partnership; Northeast Ohio Council on Higher Education; Cleveland Museum of Natural History In the news: Lubrizol Corp. in March 2011 agreed to be bought by Warren Buffett’s Berkshire Hathaway Corp. for $9.7 billion, including the assumption of debt. Since becoming a part of Berkshire Hathaway, the company has continued to make acquisitions, including of a Spanish producer of specialty polyurethanes and a maker of naturally derived specialty ingredients.

HOWARD W. “HOBY” HANNA IV President Howard Hanna Ohio Cleveland Age: 40 Type of organization: Real estate Involvement: Boys Hope Girls Hope; Greater Cleveland Partnership; director, National Association of Realtors; United Way; NEOHREX MLS In the news: Northeast Ohio’s home

sales market seems to be warming, and it’s a trend to which Mr. Hanna can attest. In November, he said sales were surpassing new listings coming into offices at a 2-to-1 rate. “Fewer people believe it’s a good time to put a house on the market. … But we are seeing bidding battles on houses again. If you have a house that is done right, in the right neighborhood without a lot of for-sale signs, we are seeing strong sales,” he said.

EDWARD “NED” HILL* Dean Maxine Goodman Levin College of Urban Affairs, Cleveland State University Cleveland Age: 60 Type of organization: Higher education Involvement: Cleveland Zoological Society; Magnet; National Institute of Standards and Technology Manufacturing Extension Partnership; Schreckengost Foundation; United Way of Greater Cleveland In the news: Dr. Hill is one of the go-to guys in Greater Cleveland when it comes to thoughtful analysis and assessment of happenings within the community and business world. In particular, the economist and dean of the Maxine Goodman Levin College of Urban Affairs is especially versed in trends in the manufacturing sector, which has been experiencing a bit of pickup in Northeast Ohio of late.

MICHAEL F. HILTON President, CEO Nordson Corp.

Westlake Age: 58 Type of organization: Manufacturing

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(precision dispensing equipment) Involvement: President, Nordson Corporate Foundation; MAPI (Manufacturers Alliance for Productivity and Innovation); Greater Cleveland Partnership; National Association of Manufacturers; United Way In the news: In March, Nordson’s board authorized the repurchase of up to an additional $100 million of the company’s common shares. “The board’s action reflects continued confidence in the long-term strength of our company and our ongoing commitment to creating shareholder value,” Mr. Hilton said in a statement at the time. In September 2011, the board also authorized the repurchase of $100 million of its stock.

W. NICHOLAS HOWLEY Chairman, CEO TransDigm Group Inc. Cleveland Age: 60 Type of organization: Supplier (aircraft parts) Involvement: Polypore Corp.; chairman, Saint Martin de Porres High School; Case Western Reserve University; Rock and Roll Hall of Fame and Museum In the news: This month TransDigm Group Inc. reported that its sales rose 39%, to $423.5 million from $304.4 million. Mr. Howley said this regarding the uptick: “Our commercial aerospace businesses continue to grow nicely, though the OEM is growing faster than the aftermarket. … Our defense business is exceeding our expectations at this time.”

DANIEL B. HURWITZ President, CEO DDR Corp.

Beachwood Age: 48 Type of organization: Real estate Involvement: International Council of Shopping Centers; National Association of Real Estate Investment Trusts; Colgate University; Hawken School; Rock and Roll Hall of Fame and Museum In the news: In January, affiliates of DDR Corp. and New York City-based Blackstone announced that they had formed a joint venture to buy a portfolio of 46 shopping centers from EPN Group of Northbrook, Ill., for a total of $1.4 billion.

A.J. HYLAND President, CEO Hyland Software Westlake Age: 40 Type of organization: Computer software Involvement: Ohio Foundation of Independent Colleges In the news: “We’re excited to add passionate candidates to our employee base. While the company has grown and evolved we’ve stayed true to our core values. They are the cornerstone for making decisions which help

us move forward,” Mr. Hyland said of his company’s continued growth.

Hyland employs about 1,000 people now — up from 650 in 2008 and 305 in 2004.

FRANK G. JACKSON Mayor City of Cleveland Cleveland Age: 65 Type of organization: Government Involvement: Mayors Against Illegal Guns In the news: Mayor Jackson aggressively pursued the reformation of Cleveland’s public schools in 2012, including securing the support of the Cleveland teachers union for a plan that would evaluate teachers based on objective evaluations, rather than just seniority, when making layoff and termination decisions.

JOE KANFER CEO GoJo Industries Akron Age: N/A Type of organization: Manufacturing Involvement: N/A In the news: Mr. Kanfer has continued to push his company to increase its sustainability through programs that decrease the water usage, solid waste output and emission of greenhouse gases.

NATHAN J. KELLY* Deputy chief of staff, development Office of County Executive Ed FitzGerald Cleveland Age: 35 Type of organization: Government Involvement: HELP Foundation In the news: Mr. Kelly was instrumental this year in getting a Cuyahoga County program started that will guarantee loans to small businesses in an effort to increase bank lending.

GULAM KHAN CEO, co-chairman U.S. Endoscopy Mentor Age: 45 Type of organization: Manufacturing (medical devices) Involvement: Letter Winners M Club, University of Michigan; American Society for Gastrointestinal Endoscopy In the news: Mr. Khan has continued to oversee the growth and expansion of U.S. Endoscopy in Mentor, where the company recently moved into a new 70,000-square-foot facility, its fourth in the city.

STEWART A. KOHL* Co-CEO The Riverside Co. Cleveland Age: 56 Type of organization: Private equity Involvement: Oberlin College; Museum of Contemporary Art Cleveland; Rock and Roll Hall of Fame and Museum; continued on NEXT PAGE ➤

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Cleveland Clinic Wellness Institute Leadership Board; co-chair, Building for Hope Capital Campaign, Center for Families and Children In the news: Mr. Kohl this year participated in a public relations campaign to keep private equity’s name from becoming collateral damage from the presidential campaign due to Mitt Romney’s moneyman background.

RICHARD J. KRAMER CEO Goodyear Tire & Rubber Co. Akron Age: 48 Type of organization: Manufacturing Involvement: Sherwin-Williams; Summa Foundation; Akron Tomorrow; John Carroll University; Walsh Jesuit High School In the news: In his address at the company’s annual shareholder meeting, Mr. Kramer said he was pleased with Goodyear’s 2011 performance, which set records in several areas, including record sales of $22.8 billion, up 21% from 2010. As for the company’s under-construction new global headquarters campus in Akron, he said it represents “more than just a new place to work, it will serve as an environment for a new way to work.” Goodyear expects the new headquarters to be completed in April 2013.

DAVID J. LARUE* President, CEO Forest City Enterprises Inc. Cleveland Age: 50 Type of organization: Real estate development Involvement: International Council of Shopping Centers; board president, Friends of the Cleveland School of the Arts; Lawrence School; Greater Cleveland Sports Commission In the news: “The land business is where the company started in real estate, and it has traditionally been a profitable contributor to our results,” Mr. LaRue said in February, in announcing that Forest City would sell off much of its land business. “However, it tends to be highly cyclical and is fundamentally different from our core rental properties business, which will be our primary focus going forward.”

STEVEN C. LATOURETTE U.S. representative, Republican, 14th District U.S. House of Representatives Bainbridge Township Age: 58 Type of organization: Government Involvement: House Appropriations Committee; Smithsonian Board of Regents; cochairman, Northeast-Midwest Coalition; former co-chair, Great Lakes Task Force In the news: Mr. LaTourette received applause from several newspapers, including USA Today, when earlier this year he, along with Democratic Rep. Jim Cooper of Tennessee, proposed a compromise U.S. budget that included both cuts in entitlement programs and tax increases as a way to decrease the federal deficit.

RAY LEACH

LESTER A. LEFTON

CEO JumpStart Inc. Cleveland

President Kent State University Kent Age: 66 Type of organization: Higher education Involvement: NorTech; Greater Akron Chamber; Western Reserve Public Media; Musical Arts Association of the Cleveland Orchestra; Center for Effective Leadership, American Council on Education In the news: Kent State University moved forward in March with plans to give its main campus in Kent a facelift, though the plan is a scaled-back version of a previous proposal that stalled because of a lack of support for a

Age: 46 Type of organization: Economic development Involvement: National Advisory Council on Innovation and Entrepreneurship, U.S. Commerce Department; National Venture Capital Association In the news: “When scored against everyone else in the state, we rank No. 1 and have for the last five years,” Mr. Leach said last May, responding to criticism over his organization’s marketing and management expenses relative to its support of entrepreneurs.

student fee that would have financed much of it.

RANDY LERNER* Owner Cleveland Browns Cleveland Age: N/A Type of organization: Sports team Involvement: N/A In the news: “I think people are exhausted from losing in this town,” Mr. Lerner said in a local radio interview in January 2012, following the Browns’ 4-12 year.

FRANK LINSALATA Chairman, founder Linsalata Capital Partners

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Mayfield Heights Age: 69 Type of organization: Private equity Involvement: Past board chair, Case Western Reserve University; Laurel School In the news: Mr. Linsalata’s firm made its 100th acquisition, with the acquisition of Farmington, Conn.based Dell Manufacturing in May.

RAMON LUGO III Director NASA Glenn Research Center Brook Park Age: 55 continued on PAGE W-8

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Type of Organization: Government Involvement: Greater Cleveland Partnership; NorTech; University Hospitals; BioEnterprise; Great Lakes Science Center In the news: “This congressional direction is good news for (NASA) Glenn and Ohio,” said Mr. Lugo in remarks last fall regarding NASA’s budget, which Congress passed in October. The budget cut funding for NASA generally, including for certain space flight programs, but increased funding for some science programs and for research and development aimed at exploring Mars.

ARI, JORI AND RICK MARON Partners MRN Ltd. Cleveland

Age: Ari, 33; Jori, 30; Rick, 64 Type of organization: Real estate Involvement: Ari Maron — Downtown Cleveland Alliance, ParkWorks In the news: In November, The New York Times lauded MRN’s Uptown project at University Circle for “a new downtown for the University Circle neighborhood on the east side of the city.”

CHRISTINE AMER MAYER* President GAR Foundation Akron Age: 40 Type of organization: Private foundation

MAY 21 - JUNE 3, 2012

Involvement: United Way of Summit County; Milestones Autism Organization; Leadership Akron In the news: Ms. Mayer took over as president Jan. 1 after the retirement of long-time president Rob Briggs. For eight years after law school, Ms. Mayer practiced commercial litigation and business law with Buckingham, Doolittle & Burroughs. She has worked with GAR Foundation since 2001.

KEVIN MCMULLEN Chairman, CEO Omnova Solutions Inc. Fairlawn Age: 51 Type of organization: Specialty chemicals, wall coverings Involvement: Steris Corp.; Akron Tomorrow; Ideastream In the news: In December, Omnova sold part of its North American commercial wallcovering business to J. Josephson Inc., of Hackensack. N.J., ending manufacturing at a Columbus plant.

Then in March it sold its United Kingdom-based Muraspec commercial wall-covering business to affiliates of a2e Venture Catalysts Ltd., of Manchester, United Kingdom.

RICHARD MCQUEEN CEO, president Akron-Canton Airport Plain Township Age: 51 Type of organization: Transportation Involvement: Akron/Summit County Convention and Visitors Bureau; Canton Regional Chamber of Commerce; Greater Akron Chamber; Stark Development Board; Walsh University

In the news: Southwest Airlines, which purchased Akron-Canton Airport’s major carrier, AirTran Holdings Inc., announced it would begin flights from the airport under the Southwest banner to Chicago’s Midway Airport and Denver International Airport in August.

RANDELL MCSHEPARD* Vice president, public affairs RPM International Inc. Medina Age: 47 Type of organization: Global coatings, sealants manufacturer Involvement: The Sisters of Charity Foundation; Business Volunteers Unlimited; president, PolicyBridge In the news: With two childhood friends, he’s formed Rid-All Green Partnership to create an urban farm in Cleveland’s Kinsman neighborhood.

He also joined the board of the George Gund Foundation in March.

STEVE MILLARD President, executive director Council of Smaller Enterprises Cleveland Age: 43 Type of organization: Business service, advocacy Involvement: Chamber of Commerce Executives of Ohio; Community Partnership for Arts and Culture; National Small Business Association; Presidents’ Council Foundation; United Way of Greater Cleveland In the news: COSE will partner with investment bank Goldman Sachs and

its foundation for the “10,000 Small Businesses” program, which will make available $15 million in loans to help Cleveland-area small businesses grow.

LARRY MILLER* President Global Cleveland Cleveland Age: 55 Type of organization: Economic development nonprofit Involvement: French-American Chamber of Commerce of Northern Ohio; Center for Families and Children In the news: The Global Cleveland Welcome Center opened in February.

The center will be the focus of the organization’s effort to attract newcomers to Northeast Ohio.

A. MALACHI MIXON III Chairman Invacare Corp.

Elyria Age: 71 Type of organization: Home health care manufacturer Involvement: Cleveland Institute of Music; SherwinWilliams Co.; Park-Ohio Holdings Corp.

In the news: In the last year, Mr. Mixon, who returned to his chairman’s post at Invacare after recovering from a stroke, participated in multimilliondollar donations to the Cleveland Clinic’s Cole Eye Institute and Case Western Reserve University.

BETH MOONEY*

KeyCorp Cleveland Age: 56 Type of organization: Banking Involvement: Cleveland Clinic Foundation; Musical Arts Association; United Way of Greater Cleveland; The Financial Services Roundtable In the news: Ms. Mooney became the first female CEO of a top 20 U.S. bank last May, and she ranks No. 1 in American Banker’s 25 Most Powerful Women in Banking.

DAN T. MOORE III President Dan T. Moore Co. Cleveland Age: 72 Type of organization: R&D, acquisition entity, business incubator Involvement: Cleveland Clinic Foundation; Cleveland State University; Invacare Corp.; ParkOhio Industries Inc.; commissioner, Cleveland Metroparks In the news: In March, the U.S. EPA certified the fuel conversion system of NatGasCar LLC, a Moore Co. portfolio company. The NatGasCar bi-fuel conversion system allows vehicles to burn either compressed natural gas or gasoline.

FREDERICK R. NANCE Regional managing partner, Squire, Sanders & Dempsey LLP General counsel, Cleveland Browns Cleveland Age: 58 continued on NEXT PAGE ➤

Chairman, CEO

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Marcus & Millichap Cleveland is closing more investment sales transactions than any other firm in the Midwest.

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Columbus, OH Self-Storage 52,391 sf $1,910,000 Agents: Dan Burkons, Richard Schontz Closed: May 1, 2012

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Akron, OH Fairway Tower & Manor 151 Units Agents: Michael Barron, Ben Baker, Josh Wintermute Closed: May 8, 2012

Strongsville, OH Walgreens Pharmacy $3,550,000 2008 Construction Agents: Scott Wiles, Erin Patton, Craig Fuller Closed: May 14, 2012

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STEPHEN D. NEWLIN

Type of organization: Law Involvement: Greater Cleveland Partnership; Ohio Business Roundtable; immediate past chairman, 50 Club of Cleveland; Cleveland Clinic; RPM International Inc. In the news: Mr. Nance led the effort by the Browns to secure financing for repairs to the 13-year-old Cleveland Browns Stadium. He also has floated the idea of extending the sin tax to pay for future stadium repairs.

Chairman, president, CEO PolyOne Avon Lake Age: 59 Type of organization: Specialized polymer materials, solutions and services Involvement: Black Hills Corp.; Ohio Business Roundtable In the news: In December, PolyOne completed the purchase of ColorMatrix of Berea, which makes liquid colorants and other plastics additives.

BRAD NELLIS*

THE REV. ROBERT L. NIEHOFF

Director NEOSA, The COSE Technology Network Cleveland Age: 49 Type of organization: IT industry trade association Involvement: Chairman, Cuyahoga Community College, IT Advisory Council; Kent State University, Computer Information Systems; The University of Akron, Center for IT and eBusiness; Regional IT Engagement; Technology Councils of North America In the news: “We’re clearly in a tech expansion right now,” Mr. Nellis told Crain’s early this year. Data from NEOSA’s quarterly survey of information technology companies suggest employment in the software sector will continue to increase.

President John Carroll University University Heights Age: 58 Type of organization: Higher education Involvement: Association of Jesuit Colleges and Universities; Georgetown University; National Leadership Roundtable on Church Management; Ohio Campus Compact; Regis University In the news: “What has surprised people is that I’ve said more than once ... that it’s been a good year,” the Rev. Niehoff told Crain’s last summer. “We haven’t had to cut the budget by millions.”

KAREN M. PAGANINI* DOUGLAS E. PRICE III President/CEO

K&D Group Willoughby Age: 55 Type of organization: Apartment owners, managers, developers Involvement: Ms. Paganini and Mr. Price — National Apartment Association; Ms. Paganini, Andrews Osborne Academy; Mr. Price — Northeast Ohio Apartment Association; Mentor Harbor Yacht Club In the news: Insiders say K&D Group, the owner of the largest portfolio of apartments in Northeast Ohio, has the East Ohio Building — more recently marketed as 1717 E. Ninth — in its crosshairs for another downtown apartment project. K&D in late 2011 announced plans to buy the Hanna Building Annex from PlayhouseSquare Foundation for conversion of the office building into 102 apartments, but Mr. Price acknowledged that K&D is “in the preliminary stages of another project besides the Hanna.”

SANDRA PIANALTO President, CEO Federal Reserve Bank of Cleveland Cleveland Age: 57 Type of organization: Banking Involvement: Past chair and life

director, United Way of Greater Cleveland; The Cleveland Foundation; Greater Cleveland Partnership; University Hospitals; College Now Greater Cleveland In the news: Ms. Pianalto is “the most powerful woman you’ve never heard of,” economist Scott Sumner at The Money Illusion, a blog about monetary policy, wrote recently. In a recent panel appearance in Lexington, Ky., Ms. Pianalto made headlines when she said the U.S. economy will continue to recover, but not at a pace that will bring the unemployment rate down quickly.

DON PLUSQUELLIC Mayor City of Akron Akron Age: 62 Type of organization: Government Involvement: Past president, U.S. Conference of Mayors; vice president, Mayors for Peace; Akron Tomorrow; National League of Cities; Summit County Mayors Association In the news: During a May press conference about a new anti-violence crime unit, Mayor Plusquellic said the silence on black-on-black crime needs to end, as does the distrust of police that dates back decades. “Do you want that person who committed that murder ... do you really want that person to go and do it again?” he was quoted as saying. “If that person does it, what community do you think he’s going to do it in?”

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STEVE POTASH President, CEO OverDrive Inc. Valley View Age: 59 Type of organization: eBook distributor for libraries, schools and retail Involvement: American Library Association; Friends of Cleveland Public Library; Park Synagogue; Beachwood Country Club; CEO Forum of NEOSA In the news: Mr. Potash told Crain’s in early 2011 that “explosive interest” from libraries helped push the number of checkouts of OverDrive content to 15 million in 2010 from 8.6 million in 2009. “In many cases institutions are shifting their budgets from print books to digital books,” he said.

LUIS M. PROENZA President The University of Akron Akron Age: 67 Type of organization: Higher education Involvement: Council on Competitiveness; National Academy of Science/Government, University Industry Research Roundtable (GUIRR); State Science and Technology Institute (SSTI); STEP (Science, Technology & continued on PAGE W-10

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Impacting the health and economic development of Northeast Ohio

Economic Policy), The National Academies; Urban Serving Universities Coalition In the news: Regarding Vision 2020, the university’s new strategic plan that sets lofty benchmarks for boosting enrollment, graduation rates and research expenditures, Dr. Proenza said, “Relevance, productivity, connectivity — that’s what this is all about.”

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Managing member North Coast Angel Fund Mayfield Heights Age: 61 Type of organization: Early stage venture capital fund Involvement: Chairman, SironRX Therapeutics Inc.; Neuros Medical Inc.; NACCO Materials Handling Group, a subsidiary of NYSE-traded NACCO Industries Inc.; LogicBay Corp.; board vice president, The Cleveland Museum of Natural History In the news: The 6-year-old North Coast Angel Fund is invested currently in 29 companies, including two new investments this year. Its most recent was made on April 5 to SoMoLend, a woman-owned debt-raising platform that uses web- and mobile-based technology to allow small businesses to borrow money from their communities and customers.

CHARLES A. RATNER Chairman, board of directors Forest City

Enterprises Inc. Cleveland Age: 70 Type of organization: Real estate Involvement: American Greetings Corp.; RPM Inc.; United Way; Greater Cleveland Partnership; Musical Arts Association; In the news: This month, Forest City Enterprises confirmed it is seeking an investor for a potential minority stake in the ownership of 8 Spruce St., the tallest residential building in New York City. Forest City said it and a partner, National Real Estate Advisors, remained committed to the property and expect to retain substantial ownership positions in it.

GLENN RENWICK President, CEO Progressive Corp.

Mayfield Village Age: 56 Type of organization: Insurance Involvement: Fiserv Inc.; United Healthcare In the news: Progressive leads the pack in rolling out what’s called usage-based insurance, or insurance that monitors real-time driving, Crain’s reported in January. As of early this year, the company’s Snapshot program had doubled its number of participants to 500,000 since it began advertising the program nine months earlier. continued on NEXT PAGE ➤

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RONALD B. RICHARD President, CEO The Cleveland Foundation Cleveland Age: 55 Type of organization: Nonprofit Involvement: Board chair, Cleveland School of Science and Medicine; Ohio Grantmakers Forum; Global Cleveland; NewBridge; Living Cities (a national consortium of the country’s largest foundations and banks) In the news: The Cleveland Foundation’s board of directors recently approved $16.2 million in grants that will support initiatives in the region ranging from sustainable energy research to the transformation of Cleveland’s public schools. The foundation made grants totaling $94.1 million during 2010, according to a Crain’s list — an amount more than four times that of the second-largest foundation on the list.

BARBARA K. ROMAN* Principal, Meyers, Roman, Friedberg & Lewis LPA President, Cleveland Metropolitan Bar Association Woodmere Age: 61 Type of organization: Law Involvement: Ursuline College Legal Advisory Board; founding member, Cleveland Academy of Collaborative

Professionals; Center for Principled Family Advocacy In the news: “When you have the chief justice of Ohio pointing to Cleveland as a good example, that’s a good sign,” Ms. Roman told Crain’s in October, speaking to the Task Force on Judicial Excellence and the Judicial Qualifications Committee, both efforts by the bar association to produce good judges. Ohio’s two most recent governors have used the qualifications committee’s list to make appointments.

JOE ROMAN President, CEO Greater Cleveland Partnership Cleveland Age: 56 Type of organization: Economic development/ chamber of commerce Involvement: Rock and Roll Hall of Fame and Museum; Cleveland Metropolitan Bar Association; United Way of Greater Cleveland; Neighborhood Progress Inc.; Cleveland Development Advisors In the news: The Greater Cleveland Partnership is spearheading efforts to keep Cleveland Hopkins International a hub of the combined Continental and United airlines, including a campaign to get businesses and casual travelers to book as much travel as possible on the airline. “What our plan will try to do is explain that hubs are more expensive, but that the return is better access (to air service) and more direct flights,” Mr. Roman told Crain’s in 2011.

CHRIS RONAYNE President University Circle Inc. Cleveland Age: 44 Type of organization: Nonprofit Involvement: Cleveland-Cuyahoga County Port Authority; Positively Cleveland; Levin Visiting Committee at Cleveland State University; Notre Dame College; American Planning Association In the news: It appears University Circle Inc. is meeting its charge to promote development of the East Side neighborhood: 180 new units of apartments will be available in the next four months, Mr. Ronayne told Crain’s in March. “At the end of the day, Greater Circle Living (a program marketed by UCI and designed to improve access to affordable housing for the 50,000 employees in University Circle) is a selling point for us to revitalize urban neighborhoods by putting our monies where our mouth is,” he said.

WALTER ROSEBROUGH President, CEO Steris Corp.

Mentor Age: 58 Type of organization: Manufac-

Mentor, where it intended to build a new fabrication center. The company said at the time that it expects to invest about $8 million in the new fabrication center.

SCOT ROURKE President, CEO OneCommunity Cleveland Age: 43 Type of organization: Nonprofit technology, economic development organization Involvement: U.S. Ignite (federal innovation program of the National Science Foundation); Great Lakes Science Center; Education Fund for the Greater Cleveland Aquarium; cofounding partner, Cleveland Social Venture Partners; immediate past board president, Friends of Cleveland School of the Arts In the news: PC World ranked Cleveland Hopkins International Airport’s Wi-Fi service, which is provided by OneCommunity, as the fourth-fastest in the country. Mr. Rourke’s nonprofit organization has been a leader in offering high-speed Internet access and information technology services to area governments and nonprofits.

JONATHON SAWYER Chef, owner The Greenhouse Tavern, Noodlecat Cleveland

turing Involvement: Many local and national organizations In the news: Steris Corp. in December announced plans to add 100 jobs in

Age: N/A Type of organization: Food and beverage Involvement: N/A In the news: A German knife company, Wusthof, in April launched an ad campaign, “Defining the Edge,” featuring Chef Sawyer, as well as two other food innovators: Richie Nakano, owner and chef of Hapa Ramen, a pop-up food stand in San Francisco, and Camas Davis, founder of Portland Meat Collective in Portland, Ore.

JOSEPH SCAMINACE Chairman, CEO OM Group Inc. Cleveland Age: 59 Type of organization: Diversified specialty chemicals, materials Involvement: The Cleveland Clinic; Parker Hannifin Corp.; Cintas Corp.

In the news: OM Group in January bought Rahu Catalytics Ltd., the developer of what OM Group described as “a unique iron-ligand based chemistry” for use in environmentally friendly coatings, composites and inks from Unilever Ventures and Management, the European venture capital arm of consumer products giant Unilever.

ROBERT N. SCHMIDT Chairman, CEO Cleveland Medical Devices Inc.; Orbital Research Inc.; NeuroWave Systems Inc.; Flocel Inc.; Great continued on PAGE W-12

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Lakes NeuroTechnologies Inc. Cleveland area Age: 63 Type of organization: Orbital develops control systems, electronic devices and medical devices; the other companies all develop medical devices Involvement: National Small Business Association; Small Business Technology Council; advisory board member, biomedical engineering departments at the University of Southern California and Washington University in St. Louis; American Institute of Aeronautics and Astronautics In the news: Great Lakes NeuroTechnologies of Valley View secured three federal grants totaling $4.5 million that it will use to develop and test neurotechnology products.

BAIJU R. SHAH President, CEO BioEnterprise Corp.

Cleveland Age: 40 Type of organization: Biomedical business development organization Involvement: Invacare; RBS Citizens/Charter One Bank; Global Cleveland; Great Lakes Science Center; United Way of Greater Cleveland In the news: BioEnterprise Corp. in February launched H.I.T. Accelerator, a program designed to help health IT companies build relationships with local organizations that could become customers.

CRAIG SHULAR President, CEO GrafTech International Parma Age: 59 Type of organization: Manufacturing Involvement: Materion; Boys and Girls Club; Junior Achievement In the news: GrafTech International in May announced a program to buy back up to 10 million shares of its common stock. The company had just completed the repurchase of about 2 million shares of common stock.

DEBRA ADAMS SIMMONS Editor The Plain Dealer Cleveland Age: 47 Type of organization: Media Involvement: College Now; ideastream; BVU/CNE; City Club; Akron Art Museum In the news: Ms. Simmons in March received the YWCA’s 2012 Women of Achievement Award.

In the new age of social media, Plain Dealer management also came under fire earlier this year after longtime Cleveland Browns reporter Tony Grossi was removed from the beat for what was referred to as an “inappropriate and unprofessional” Twitter comment.

RICKY D. SMITH Director of airports

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City of Cleveland, Department of Port Control Cleveland Age: 50 Type of organization: Government, transportation Involvement: American Association of Airport Executives; Airport Council International North America; Airport Minority Advisory Council In the news: Cleveland Hopkins International Airport in December announced Delta Air Lines would add five direct flights to New York’s LaGuardia Airport starting in July. The city, of course, also continues in its collective efforts to hold on to the Continental/United hub post-merger.

ROBERT C. SMITH President, CEO Spero-Smith Investment Advisers Inc. Beachwood Age: 59 Type of organization: Financial services Involvement: Chairman, ideastream, WVIZ/WCPN; chair, Port Authority board; Ohio Bureau of Workers’ Compensation; Motorists Insurance Group, Columbus; Greater Cleveland Partnership In the news: A close adviser to Cleveland Mayor Frank Jackson, who appointed him to the board of the Port Authority in 2007, Mr. Smith — also a member of the investment committee of the Cleveland Foundation — has worked to transform and reduce costs at the Port Authority, especially since becoming chairman of the board in 2011. He is doing the same thing from his board seat at the Ohio Bureau of Workers Compensation.

BARBARA R. SNYDER President Case Western Reserve University Cleveland Age: 56 Type of organization: Higher education Involvement: BioEnterprise; Business Higher Education Forum; Greater Cleveland Partnership; KeyCorp; United Way In the news: Case Western Reserve University in late 2011 publicly launched a $1 billion fundraising campaign. “The national outreach that accompanies a campaign like this provides a wonderful opportunity to reach out to our alumni and learn what issues are uppermost on their minds,” president Snyder said at the time. “I look forward to sharing the story of our growing momentum with our graduates and hearing their ideas and suggestions.”

LOREE K. SOGGS* Executive secretary Cleveland Building & Construction Trades Council Cleveland Age: 65 Type of organization: Labor organization Involvement: President, Northshore Federation of Labor; vice president, Ohio State Building & Construction Trades Council; Mayor Frank G. Jackson’s Sustainability Cabinet; chairman, Union Construction Industry Partnership/Apprenticeship Skills Achievement Program In the news: The Cleveland Building & Construction Trades Council in April

launched a website — ProtectCleveland Jobs.org — to protest Cleveland State University’s Campus Village project.

The $50 million project is being constructed by out-of-town workers.

ALAN SPITZER CEO Spitzer Management Inc. Elyria Age: 65 Type of organization: Automotive retail, real estate development Involvement: National Automobile Dealers Association; Ohio Automobile Dealers’ Association; Greater Cleveland Automobile Dealers Association; Committee to Restore Dealer Rights; Lorain County Chamber of Commerce In the news: Spitzer Management Inc. in April announced plans to build a new dealership in Ontario, Ohio. The dealership, which will have a 20,000-squarefoot Chrysler building and a 16,000square-foot Kia building, will be home to the Spitzer Motors Dealership.

STEPHEN R. SPOONAMORE* CEO ABSMaterials Inc. Wooster Age: 47 Type of organization: Advanced materials Involvement: E4S; American Chemical Society; NorTech Water Cluster Team; National Groundwater Association; Ebenezer Lodge No. 33 In the news: ABSMaterials, which has been lauded as one of the region’s continued on NEXT PAGE ➤

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most promising and fastest-growing companies, recently moved into a newly renovated headquarters in Wooster.

The company makes what it describes as a “reactive glass” that removes impurities from water.

MARC A. STEFANSKI Chairman, CEO Third Federal Savings & Loan Association of Cleveland Cleveland Age: 58 Type of organization: Banking Involvement: None In the news: Mr. Stefanski steers the largest savings institution in Northeast Ohio, which in 2011 saw more than $6 million in deposits, according to research published in Crain’s annual Book of Lists.

TERRY STEWART President, CEO Rock and Roll Hall of Fame and Museum Cleveland Age: 66 Type of organization: Nonprofit museum Involvement: Rhythm & Blues Foundation in Philadelphia; the annual Summer Stage Concert Series in Central Park in association with the City Parks Foundation in New York City; Cleveland Film Commission; Positively Cleveland; Diversity Center of Northeast Ohio In the news: Mr. Stewart, who plans to step down at the end of next year, oversaw a $35 million capital campaign by the museum that resulted in $6.9 million worth of renovations as well as the opening of the Rock Hall’s library and archives. The Rock Hall also held its 2012 induction ceremony in Cleveland.

THOMAS STRAUSS President and CEO Summa Health System Akron Age: 59 Type of organization: Health care

Involvement: Habitat for Humanity of Summit County; Greater Akron Chamber; Akron Tomorrow; Team NEO; Premier Inc. In the news: Under Mr. Strauss’ leadership, Summa embarked on several expansion projects, including new emergency facilities in Green and Medina and a new rehab hospital near the health system’s Akron City Hospital campus. The system also implemented a strategy to trim as much as $966 million from its budget over the next 10 years.

JOHN M. STROPKI Chairman, CEO Lincoln Electric Euclid Age: 61 Type of organization: Manufacturing Involvement: Corporate chairman, Northeast Ohio’s JDRF 2012 Walk to Cure Diabetes; Greater Cleveland Partnership; National Association of Manufacturers; Manufacturers Alliance/MAPI; National Electrical Manufacturers Association In the news: Under Mr. Stropki’s watch, Lincoln Electric’s earnings continue to climb upward in lock step with solid sales numbers. The company also continues to broaden its portfolio through acquisitions, including the purchase last month of Weartech International Inc., a privately held producer of cobalt-based hard facing and wear-resistant welding consumables.

gies Pty., an Australian manufacturer of automotive aftermarket coatings.

ROGER J. SUSTAR President Fredon Corp.

Mentor Age: 68 Type of organization: Manufacturing Involvement: National Tooling and Machining Association; Alliance for Working Together; Mentor Rotary Club; Family Business Presidents Council; Leadership Lake County Alumni 1992 In the news: Longtime Cleveland-area manufacturer Fredon this summer plans to move into a new facility purchased in late 2010 for $900,000 at a sheriff’s auction. The new facility will encompass roughly 65,000 square feet once an addition is completed.

BETTY SUTTON U.S. representative, Democrat 13th District, U.S. House of Representatives Copley Age: 48

Type of organization: Government Involvement: N/A In the news: A casualty of the contentious redistricting battle, Rep. Sutton saw her district carved into several pieces by a Republican-led state legislature. This fall, she’ll take on another incumbent, Republican U.S. Rep. Jim Renacci of Wadsworth, in the new 16th District.

THOMAS W. SWIDARSKI President, CEO Diebold Inc. Green Age: 53 Type of organization: Integrated self-service delivery systems Involvement: N/A In the news: Late last year, Diebold entered into an integrated services agreement with TD Bank Group, one of the largest financial institutions in the country, to provide support for its network of more than 4,400 ATMs. In the coming years, Diebold also plans to move into a new global headquarters in Green.

MARYROSE SYLVESTER* President, CEO GE Lighting Cleveland

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Age: 46 Type of organization: Manufacturing Involvement: National Electrical Manufacturers Association; United Way of Greater Cleveland In the news: A more than 20-year veteran of General Electric Co., Ms. Sylvester took over the company’s lighting division in March of last year.

Last summer, the company — under her watch — acquired Lightech, a privately held producer of advanced lighting technology, based near Tel Aviv, Israel.

MICHAEL SYMON Chef, owner Lola, Lolita, B Spot Cleveland Age: 42 Type of organization: Food and beverage Involvement: Autism Speaks; Food Bank NYC; Share our Strength; Urban Community Schools In the news: Credited by many as having catalyzed Cleveland’s reputation as a foodie mecca, Mr. Symon’s restaurants have expanded to several continued on PAGE W-14

FRANK C. SULLIVAN Chairman, CEO RPM International Inc. Medina Age: 51 Type of organization: Specialty coatings Involvement: U.S. Chamber of Commerce; The Cleveland Foundation; Rock and Roll Hall of Fame and Museum; Ohio Business Roundtable; the Greater Cleveland Partnership In the news: Mr. Sullivan most often appears in news stories about the continuation of RPM International’s long-standing dividend and frequent acquisitions, including the recent acquisition of HiChem Paint Technolo-

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Age: 33 Type of organization: Marketing Involvement: Youth Opportunities Unlimited (Y.O.U.); Positively Cleveland In the news: Mr. Therrien’s agency, which employs about 30, has achieved the integrated marketing agency model while remaining relatively small. “There are budgetary pressures, and time and resource pressures,” Mr. Therrien said in a recent interview with Crain’s.

“Clients, too, don’t have time to deal with 10 different agencies.”

JENNIFER THOMAS Program director, Akron The John S. and James L. Knight Foundation Akron Age: 47 Type of organization: Nonprofit Involvement: University Park Alliance; board observer, Austen BioInnovation Institute; board observer, NorTech; Engage! Cleveland In the news: The Knight Foundation recently awarded BVU: The Center for Nonprofit Excellence, formerly Business Volunteers Unlimited, a $400,000 grant to prepare young professionals in Akron for service on nonprofit boards.

Ms. Thomas said the Knight Foundation hopes “this program will engage our next generation of talent in Akron by providing them with the skills and capacity to strengthen Northeast Ohio.”

C. LEE THOMAS* Cleveland office managing partner Ernst & Young LLP Cleveland Age: 57 Type of organization: Accounting, advisory firm Involvement: Baldwin-Wallace College; Greater Cleveland Partnership; Greater Cleveland Sports Commission; Leadership Cleveland, class of 2012 In the news: Ernst & Young’s new office tower is slated to open in 2013 as part of the Flats East Bank Neighborhood.

JERRY SUE THORNTON President Cuyahoga Community College Cleveland Age: 65 Type of organization: Higher education Involvement: Rock and Roll Hall of Fame & Museum; United Way Services of Greater Cleveland; Greater Cleveland Partnership; University Hospitals; Playhouse Square Foundation In the news: Cuyahoga Community College opened a new campus in Westlake last spring and this spring welcomed the Rock and Roll Hall of

Fame and Museum’s library and archives to its Metro Campus in Cleveland. Under Dr. Thornton’s leadership, the college this year also received the largest private gift in its history — a $3 million gift from music industry veteran Tommy LiPuma.

TOM TYRRELL Managing partner, Collaborx Chairman, senior adviser, Segmint Inc. Senior advisory partner, Glengary LLC Richfield Age: 67 Type of organization: Investor, business adviser Involvement: Great Lakes Biomimicry; Lorain County Community College Foundation; Akron ArchAngels; NorTech; Cuyahoga Valley Initiative In the news: One of the ventures with which serial entrepreneur Mr. Tyrrell is involved, Segmint Inc., announced late last year that it had plans to expand and move to Akron from nearby Tallmadge. Under a deal with that city’s council, Segmint — which offers a digital platform that analyzes customers’ spending patterns — must maintain operations in Akron for at least five years, lease 6,000 square feet downtown and invest $50,000 in improvements.

GIL VAN BOKKELEN CEO Athersys Inc. Cleveland Age: 51 Type of organization: Biopharmaceuticals Involvement: Chairman, Alliance for Regenerative Medicine; chairman, National Center for Regenerative Medicine; Ohio Mathematics and Science Education Policy Advisory Council In the news: Earlier this year, Athersys Inc., which specializes in adult stem cell therapy, said it would raise $9 million in private placement financing through a stock offering. Additionally this year, the company received $3.6 million in grants to advance its MultiStem regenerative medicine product and cell therapy platform.

DANIEL P. WALSH JR.* President, Greater Cleveland Region Huntington National Bank Cleveland Age: 43 Type of organization: Banking Involvement: Global Cleveland; chairman, Northeast Ohio chapter, Arthritis Foundation; Positively Cleveland; PlayhouseSquare; Rock and Roll Hall of Fame and Museum In the news: Thanks, in part, to Huntington’s expansion in Cleveland under Mr. Walsh, Huntington is on track to be Ohio’s largest bank by the end of 2012, in terms of the number of branches it will have. The bank should complete the opening of 103 branches in Giant Eagle grocery stores this year.

TOM WALTERMIRE CEO Team NEO Cleveland Age: 62

Type of organization: Economic development Involvement: Cleveland Orchestra; ideastream; Baldwin-Wallace College; Business Volunteers Unlimited; Presidents’ Council Foundation In the news: Mr. Waltermire has played a key role in embracing Team NEO’s new role as the JobsOhio partner for Northeast Ohio and in helping the state economic development effort achieve its potential.

DONALD E. WASHKEWICZ CEO, chairman, president Parker Hannifin Mayfield Heights Age: 61 Type of organization: Manufacturing Involvement: Greater Cleveland Partnership; National Fluid Power Association Education Committee; National Association of Manufacturers; National Society of Professional Engineers In the news: Bloomberg has reported that Berkshire Hathaway Inc.’s Warren Buffet said in his annual letter to shareholders on Feb. 25 that he was “on the prowl” for large deals after spending more than $35 billion on companies including Lubrizol Corp. in Wickliffe. The news service went on to identify Parker Hannifin as “among 21 U.S. companies that meet the acquisition criteria in Berkshire’s annual report.”

ZEV WEISS CEO American Greetings Corp.

Brooklyn Age: 45 Type of organization: Consumer products/services Involvement: United Way of Greater Cleveland; Yeshiva University; Fuchs Mizrachi School In the news: American Greetings, which has plans to move its headquarters to Westlake, reported last month a fourth-quarter loss compared to a yearearlier profit. It’s forecasting flat revenue for fiscal 2013 compared to fiscal 2012, which ended Feb. 29.

FRANZ WELSER-MÖST Music director Cleveland Orchestra Cleveland Age: 51 Type of organization: Music, conductor Involvement: General music director, Vienna State Opera; Vienna Philharmonic In the news: Long known as one of Northeast Ohio’s cultural gems, Mr. Möst helps lead the orchestra in variety of performances at home and worldwide.

PAUL WESTLAKE Managing partner Westlake Reed Leskosky Cleveland Age: 59 Type of organization: Architect Involvement: Maltz Museum of Jewish continued on NEXT PAGE ➤

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Heritage; Musical Arts Association (Cleveland Orchestra); Blossom Board of Overseers; Nine-Twelve Committee; former board chair, Cleveland Arts Prize In the news: Mr. Westlake is overseeing a new commission for the comprehensive renovation of the Smithsonian Institution’s Renwick Gallery. Mr. Westlake’s firm, along with content developer Barrie Projects, also was involved in the construction and design of the new National Museum of Organized Crime and Law Enforcement in Las Vegas.

ED WESTON Director Great Lakes Wind Network Cleveland Age: 60 Type of organization: Manufacturer network Involvement: N/A In the news: “I would describe my mood as sober.

I’m not depressed and I’m not angry,” Mr. Weston said earlier this year. “This train has been coming and it’s getting closer, but you have to deal with what it is.” Mr. Weston was referring to a federal production tax credit on wind energy investments that has helped boost the return that developers receive from wind energy projects. It is set to expire on Dec. 31 of this year if there is no legislative intervention.

BRAD WHITEHEAD President Fund for our Economic Future Cleveland Age: 52 Type of organization: Nonprofit focused on regional economic competitiveness Involvement: CMSD Rows; U.S. Rowing Association; Ohio Venture Capital Authority; participated in founding for four other economic development intermediary groups such as JumpStart In the news: “The pressures are moving from the abstract to reality,” Mr. Whitehead said earlier this year. “I believe we’re going to see an acceleration of a total quality management effort in government and also collaborations will accelerate. … We’re playing for keeps now.” Mr. Whitehead’s nonprofit advocates for collaboration among governments.

BILL WILLS* Co-host WTAM “Wills and Snyder in the morning” Independence Age: 48 Type of organization: Media Organizations: Guidestone; Coats for Kids; Recovery Resources; Oasis of Hope In the news: Mr. Wills questions numerous public officials and others in the course of the year. This year, he already has interviewed Mitt Romney, presumptive Republican |nominee, and he’s also hoping for the opportunity to interview President Barack Obama.

ERIC WOBSER* Executive director Ohio City Inc. Cleveland Age: 33 Type of organization: Community development Involvement: N/A In the news: Mr. Wobser and his staff are aggressively trying to leverage the centennial of the West Side Market into economic advancements in the historic neighborhood known for microbreweries, good times and a rising population of young people in condos and rentals.

SCOTT WOLSTEIN Principal, CEO Wolstein Group Beachwood Age: 59 Type of organization: Real estate, private equity investor Involvement: Co-chair, Help Malawi; Case Western Reserve University;

United Way; University Hospitals; Cleveland Development Advisors In the news: The Flats East Bank is a retail, office and hotel development by the Wolstein Family and Fairmount Properties of Cleveland. The first phase, under construction, is a $275 million project. The planned riverfront development is slated to include an 18-story office tower, 150-room Aloft hotel, a 16,000-square-foot health club and 1,200-foot boardwalk on the river.

TOM YABLONSKY* Executive vice president Downtown Cleveland Alliance; Historic Gateway Neighborhood; Historic Warehouse District Cleveland Age: 56 Type of organization: Nonprofit Involvement: Chairman, Ohio and Erie Canalway Association; vice chairman, Ohio Canal Corridor; Heritage Ohio; Cleveland City Planning Commission’s Downtown Design Review Com-

W-15

mittee; Cleveland Housing Advisory Board In the news: Mr. Yablonsky is seeking to win additional rehabilitation of historic buildings to adaptive reuse projects and boost downtown housing opportunities. He also is helping to get the Canal Basin Park in at the north end of the 110mile Ohio and Erie Towpath Trail.

million Ahuja Medical Center in Beachwood and $260 million Seidman Cancer Center on Euclid Avenue, among other projects.

Mr. Zenty also recently announced the health system was in the final stretch of its $1 billion fundraising campaign, having already raised more than $900 million.

THOMAS F. ZENTY III

HOW THEY WERE SELECTED

CEO University Hospitals Cleveland Age: 57 Type of business: Health care Involvement: American Hospital Association; Coalition to Protect America’s Health Care; Ohio Business Roundtable; Cuyahoga Community College Foundation; Greater Cleveland Partnership In the news: Under Mr. Zenty’s leadership, the health system embarked on a $1.2 billion capital and construction program that resulted in the $298

There were no specific criteria used in selecting the “Who’s Who: 150 names to Know,” nor were they chosen through a selection or nomination process.

Rather, the editorial staff collectively gathered the names, taking into consideration each person’s role in Northeast Ohio and that of their organization. An effort also was made to include a range of people, businesses and industries.

For space considerations, professional and civic organization involvement was limited to five listings per person.

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Canton: Nearby areas benefit, too continued from PAGE 1

standpoint, it’s like drinking from a fire hose,” said Canton Mayor William J. Healy II. “The city of Canton has not had an opportunity of this magnitude for 60 years, and if we don’t take advantage of it, it will be a huge mistake.”

The city is going all out, Mayor Healy said, and in March trademarked the name “Utica Capital” to help cement its role and to tell the industry that Canton is a friendly place to land.

The big gorilla that many companies are aping is Oklahoma City-based Chesapeake Energy Corp., which set up shop in Canton last August and already employs about 300 people in and around the city. It has attracted other businesses, often those that serve or supply Chesapeake, to locate nearby.

That’s a big reason that Meadville, Pa.-based Moody & Associates, an engineering and consulting firm specializing in issues around water use and management, opened an office on Whipple Avenue in North Canton early this month, said Ken Cramer, the company’s district manager. Moody hopes not only to serve Chesapeake, but also other companies, landowners and local governments that are grappling with issues surrounding the environment and the immense water needs of the shale gas industry. It’s looking to hire 20 people for the office this year.

“We chose Canton for a couple of reasons,” Mr. Cramer said. “One, it’s directly adjacent to where the offices of the producers are, so it makes communication and coordination of projects with the producers pretty easy. The second reason we chose Canton was its proximity to the wet gas portion of the Utica play, where most of the drilling is going to take place.”

For those who have been living under a rock that does not somehow hold gas or oil, Mr. Cramer was referring to shale that contains not just natural gas, but oil and other liquids, many of which are used as feedstock by the petrochemical industry.

As natural gas prices have plummeted, due largely to the amount of the stuff coming out of shale rock throughout the United States, the price of oil and other liquids has held firm. The latter situation has made Ohio’s Utica shale and its so-called “wet gas” a popular play for drillers, who are pulling their rigs out of places such as Pennsylvania

and North Dakota to get them to Ohio.

Dig that rig The wet Utica shale covers nearly the entire eastern half of Ohio, and Stark County, which includes Canton, already is getting its first well. Chesapeake has a rig about 15 miles east of Canton, and two weeks ago it began what should be a 30day operation to drill a well that will go down about 8,000 feet and outward another 6,000 feet in search of hydrocarbons.

Talking to the folks who live and work around that rig gives an inkling of what’s to come, for both the city dwellers of Canton proper and the suburban and country folk who live nearby, as drilling takes hold in the Canton area.

Landowners around Chesapeake’s rig say the company, so far at least, has been careful to tread lightly on their properties. When the rig’s well is opened, the landowners expect to receive as much as $400 a month in royalties for each acre they own.

For a 40-acre farm, such as Foxdale Farm about a mile south of the rig, the royalty payoff could be nearly $200,000 a year. That’s money Foxdale owner Dale Meyers said he never counted on when he bought the place more than 20 years ago, but that he’ll be more than happy to receive.

About a mile farther south, Dutchcraft Truss & Metal makes trusses for construction and constructs pole barns and other buildings. Owner Reggie Stoltzfus said his business began picking up about a year ago — about the time many landowners were signing mineral rights leases and collecting the bonus checks that came with them.

Landowners, especially farmers, often invest their newfound wealth into new equipment, Mr. Stoltzfus said, and then they need a new building in which to keep it.

“We’re definitely feeling it,” he said.

In unison: Shale yeah!

City economic development officials say while they work mostly on attracting businesses into Canton proper, they’re just as happy to see local residents and existing businesses benefit. They also don’t mind when a business chooses to locate in the rural areas outside of town or even in nearby North Canton, where Moody set up shop.

“We all cooperate,” said David Kaminski, director of energy and

public affairs at the chamber. His business card specifically reads “Canton REGIONAL Chamber of Commerce,” with the capital letters to emphasize his point.

That cooperation appears to be working.

Companies such as Lancaster, Pa.-based Rettew and Dayton-based CESO, both engineering firms serving oil and gas drillers, have set up offices in North Canton and Canton, respectively. Chesapeake plans to open an equipment yard in nearby Louisville, while keeping its three Canton offices as well, Mayor Healy reports. Pittsburgh-based Dawood Engineering also has opened an office in Canton, Mr. Kaminski said.

A regional approach is working for the benefit of everyone, according to Mayor Healy.

“In many cases, they’re not landing within the city of Canton’s borders, but I can rattle off many cases where they’re within a mile or two of our border, and that benefits the citizens of Canton,” Mayor Healy said.

“We’re seeing true collaboration and I’m having conversations with people from Jackson Township, North Canton and other places,” he said. “(Canton) might not have everything these companies need, but we’re trying to find out who does.”

The region also has a common draw that a number of communities can use — Akron-Canton Airport.

It’s a definite attraction, said Mr. Kaminski and others, because it offers direct flights to important destinations and is centrally located and easy to use. Combined with Interstate 77 and a good network of local railroads, the airport rounds out Canton’s transportation options, and was one of the items that got federal money for improvement over the last few years, Mayor Healy said.

Strike up the band It has helped, the mayor said, that Canton dressed itself up just in time for the big dance.

The mayor estimates the city probably received about $200 million in federal investments over the past four years as part of the government’s efforts to boost the U.S. economy with infrastructure spending. On top of that, he estimates private businesses have invested about $1 billion in the city over the same timeframe, including a recent $225 million investment

STEPHEN HERRON

Another look at Chesapeake’s rig in Minerva, Ohio announced by Timken Co. for its Canton Steel works, an expansion of MarathonOil’s local refinery and additions at the city’s large hospitals.

Canton also cracked down and both lowered its crime rate and increased its graduation rate. Only about 52% of students were graduating from the city’s schools in 2003, compared to more than 80% today, Mayor Healy boasts.

“Now, when companies look at Canton because of the oil and gas thing happening, they’re not looking at Canton and saying, “I want to stay away from there,’” the mayor said.

That’s important now and will be in the future. Companies such as Moody say they not only want to be close to producers, clients and an airport and highway system, but also close to a pool of viable labor.

“We believe there’s a good employment pool here,” said Mr. Cramer, Moody’s district manager, who added that he hopes Kent State University and the University of Akron will provide some of his firm’s future geologists.

And the dance for Canton and the surrounding area has just begun, according to various observers.

“I think a lot of people are still circling and figuring out where to land,” said Mr. Kaminski of the regional chamber.

Mayor Healy added, “This industry is just scratching the surface. We know there’s a tremendous amount of activity still to come. From everything the industry is telling us, this is just the first wave of activity and the big wave hasn’t come yet. I really believe this is a defining moment for our city.”

■

Supply: Drillers often seek locally made products for operations continued from PAGE 3

wants more, including from industrial areas such as Greater Cleveland that might not see much drilling but still could supply the industry.

Mr. Miller said he hopes his site can grow the way previous supply chain databases have done. For instance, the Great Lakes Wind Network lists more than 1,000 companies nationwide that want to provide services to the wind energy sector. More than 400 already have found customers in that industry, according to Mr. Miller, who worked closely with the Cleveland-based wind network to plan his own effort.

The U.S. Department of Agricul-

ture’s Rural Business Enterprise Grant program awarded $100,000 to Mr. Miller’s nonprofit Ohio Shale Energy group last November for the supplier database. The money will fund the effort through June, said Mr. Miller, who hopes to secure private money from the oil and gas industry to sustain the database.

You never know …

No promise has been made, but Mr. Miller has support from at least some in the industry, as well as those not directly involved in the oil and gas business but who are working to help it grow in Ohio.

“We participated and helped him

organize it,” said Rhonda Reda, executive director of the Ohio Oil and Gas Energy Education Program, based in Granville. “This is something that’s going to impact a significant portion of the state.”

Jacob Duritsky thinks the directory is a good idea. Mr. Duritsky is director of business attraction for the business recruiting nonprofit Team NEO, based in Cleveland, and serves as that organization’s point man on the shale gas industry.

“A shale supply chain directory would be a very effective tool that would help Ohio companies benefit from the tremendous opportunity that the Utica shale play presents,”

Mr. Duritsky said. “We know that many of the exploration and production companies and service providers are committed to sourcing as many products locally as possible.

A directory allows us to meet this need and help them continue to invest in the state.”

Mr. Miller is urging businesses — even in Cleveland, where the shale play is less evident — to participate in the directory. He said many businesses that don’t think they have a connection to the industry should sign up, because they might not realize how energy companies could use their products and services.

“You never know when you’re

going to put your line in and catch something, and it costs you nothing,” Mr. Miller said.

Ms. Reda agrees, and said drillers in particular often use services that most would not have guessed they’d need. For example, each well site where they operate requires not just excavation to prepare it, but heavy landscaping afterward.

“They are going to need someone to help build their pads, they’re going to need someone to build their lease roads, they need landscaping, they need local people to haul water to their locations,” Ms. Reda said.

■

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Identity: Changes would not require construction alterations continued from PAGE 1

tion Center” — where the words “Medical Mart” are in a type size about 50% larger than the words “Convention Center” — Mr. Bennett said that at the very least the two building names likely will be transposed on marketing materials.

“We are certain now that this look has several disadvantages; it’s confusing to the convention business,” Mr. Bennett said.

Mr. Bennett said sales representatives from MMPI and Positively Cleveland — the city’s convention and visitors’ bureau — who are selling the complex as a meeting or convention site to groups outside the market “really find (the current name) unhelpful.

“We’ve had some people ask if there are sick people in the medical mart,” he said.

‘Health innovation center’?

Since his arrival, Mr. Bennett has formed an advisory board consisting largely of medical industry executives outside Cleveland to provide input into what could make the medical mart component of the complex a winner. Baiju Shah, president and CEO of biotechnology assistance group BioEnterprise Corp. in Cleveland and a member of that board, said Mr. Bennett is absorbing ideas from meeting with leaders of companies such as GE Healthcare Systems, IBM, Johnson & Johnson and medical device giant Medtronic Inc. “The industry advisory board that’s been assembled is providing interesting visions and ideas of what they would like to see potentially done with that building,” Mr. Shah said. “That is leading (Mr. Bennett) to react to the customer and come up with some new ideas, but it’s basically an evolution of the original ideas.”

Mr. Shah said some of those officials have suggested to Mr. Bennett that the building be branded something other than a medical mart because that brand “might not describe what the industry wants.”

Among the names thrown at Mr. Bennett has been “health innovation center.”

Roster of options Mr. Bennett’s comments to Crain’s grew out of a May 8 presentation he made to Cuyahoga County Council explaining how he and his staff will be selling the complex. He presented to County Council five options for how space might be used in the new, four-story building.

Single-vendor showrooms — the template for a traditional merchandise mart — were at the top of the list he described to County Council.

But his presentation also included four other tenant options. Among them: ■Collaborative, multivendor areas, which could be thematic areas that show off state-of-the-art patient exam rooms or the operating room of the future, where a lead sponsor might bring a group of vendors together; ■ Learning spaces, perhaps led

by Cuyahoga Community College or another institution with strong health care training programs. This space also could house programs from companies with new products to introduce to the market. Mr. Bennett illustrated this concept by suggesting a biosimulation lab that pharmaceutical companies use to conduct programs that try to predict the success or failure of a new drug; ■ Early stage company showrooms, where young, medical-related companies such as the portfolio companies of BioEnterprise could showcase products they are developing. Mr. Bennett said, for example, that he has talked to trade representatives from China and Israel in recent days and both expressed an interest in showcasing their early stage companies at the medical mart; and ■ Public areas on the first floor.

This space isn’t suitable for demonstrating medical equipment, though Mr. Bennett would like to find a medically related use because of the dramatic 17-foot high ceilings. It’s also likely the first floor will have space devoted to a restaurant and some retail.

A delicate process Mr. Bennett, who specialized in the health care field during his long career with the McKinsey consultancy, told Crain’s that tenants in the other four categories could end up taking up most of the leasable space in the 235,000-square-foot medical mart building.

Mr. Bennett said none of the ideas he is considering would require changes in construction because only the corridors on the upper floors of the building are structurally significant. The rest of the space can be divided flexibly.

Regardless of what name goes on marketing brochures for the complex, the development agreement between the county and MMPI gives the county naming rights to the complex itself and the right to

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any revenue that could come from a sale of those rights.

Changing the name or the thrust of the medical mart could raise the ire of people who’ve been skeptical about the project from its beginning more than six years ago. Indeed, when Brian Casey, the project’s general manager, shared with Scene magazine last fall his sense of what the market was looking for from the medical mart, it brought on the wrath of a couple citizens groups that tried unsuccessfully to put on the ballot a repeal of the one-half percentage point county tax that finances the convention center and medical mart complex. Mr. Casey subsequently backed off some of his comments.

Cuyahoga County Executive Ed FitzGerald was annoyed that he read about the changes in the media.

“When it’s a public project with public dollars, a private organization may not think twice about adjusting its business model,” The Plain Dealer quoted Mr. FitzGerald as saying last Oct. 8. “But when you’re in a public, taxpayer system, you have to communicate.”

Officials in Mr. FitzGerald’s office did not respond to three calls last Friday, May 18.

■

PHOTO PROVIDED

An early artist’s rendering of the Cleveland Medical Mart

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LARGEST INVESTMENT ADVISERS RANKED BY ASSETS UNDER MANAGEMENT LOCALLY(1)

Company Address Rank Phone/Website

Total regulatory assets under management locally (millions)(2)

Total number of local accounts

Minimum individual account (thousands)

Portfolio analysts on staff

Compensation for services

Chief investment officer Top local executive

1

CBiz Financial Solutions Inc., dba CBiz Retirement Plan Services 6050 Oak Tree Blvd. S., Suite 500, Independence 44131 (216) 447-9000/www.cbiz.com

$3,233.4

144

$1,000.0

5

Fixed fees, percentage of assets under management and commissions

2

Glenmede Trust Co. 25825 Science Park Drive, Suite 110, Beachwood 44122-7315 (216) 378-2900/www.glenmede.com

$2,454.5

1,865

$3,000.0

6

Fee based on assets under management and strategies employed

3

CM Wealth Advisors Inc. 30195 Chagrin Blvd., Suite 250, Pepper Pike 44124 (216) 831-9667/www.cmwealthadvisors.com

$1,819.9

83

$2,000.0

NA

Percentage of assets under management, fixed fees

James W. Wert

James W. Wert president, CEO

4

MAI Wealth Advisors LLC 1360 E. Ninth St., Suite 1100, Cleveland 44114 (216) 920-4800/www.maiwealth.com

$1,763.7

616

$500.0

9

Fee only based on assets under management or set fee for non-investment services

Gerald H. Gray

Richard J. Buoncore managing partner

5

HPM Partners LLC 600 Superior Ave., Suite 1000, Cleveland 44114 (216) 687-0700/www.hpmpartners.com

$745.6

73

$3,000.0

NA

6

Fairway Wealth Management LLC 6055 Rockside Woods Boulevard, Suite 330, Independence 44131-2317 (216) 573-7200/www.fairwaywealth.com

$701.5

105

$2,000.0

7

Sequoia Financial Advisors LLC 121 S. Main St., Suite 300, Akron 44308 (330) 375-9480/www.sequoia-financial.com

$541.1

2,211

8

McDonald Partners LLC 959 W. Saint Clair Ave., Cleveland 44113 (216) 912-0567/www.mcdonald-partners.com

$428.7

9

MGO Investment Advisors Inc. 1301 E. Ninth St., Suite 1400, Cleveland 44114 (216) 771-4242/www.mgo-inc.com

10

Brian Dean

Luke F. Baum president

I. Harding III Gordon B. Fowler Frank managing director; Jr. director, Ohio office

Fee only

Irvin A Leonard Douglas C. Nardi managing partner, chairman

6

Fee only, based on assets and/or scope of services

Daniel R. Gaugler Mark S. Weiskind CEO, managing director

$0.0

2

Percentage of assets under management, fee and commission

Thomas A. Haught

Thomas A. Haught president

1,726

NA

2

Fee and commission

Bill Hegarty

Thomas McDonald president, CEO

$419.0

2,035

$15.0

4

Percentage of assets under management

Michael Bradford Michael Moskal Moskal president

Cornerstone Capital Advisors 1507 Boettler Road, Suite G, Uniontown 44685 (330) 896-6250/www.ccadvisors.com

$363.9

1,024

$100.0

2

Fee only

Mark W. Fearigo Mario C. Giganti principal, trusted advisor

11

Altus Wealth Advisors LLC 6120 Parkland Blvd., Suite 303, Mayfield Heights 44124 (216) 925-5670/www.altuswealthadvisors.com

$360.0

50

$5,000.0

2

Fee only based on assets under management or fixed fee

12

Inverness Holdings LLC One Chagrin Highlands, Suite 440, Beachwood 44122 (216) 839-5130/www.invernesswealth.com

$253.1

300

$750.0

11

Fee and commission

13

Scott Snow (financial advisors) LLC 24601 Center Ridge Road, Suite 175, Westlake 44145 (440) 871-7669/www.s2fa.com

$240.0

59

$1,000.0

2

14

Rehmann Financial 1340 Depot St., Suite 205, Rocky River 44116 (440) 356-4520/www.rehmannfinancial.com

$236.5

4,200

$250.0

15

Aurum Wealth Management Group LLC 6685 Beta Drive, Mayfield Village 44143 (440) 605-1900/www.aurumwealth.com

$198.0

93

16

Paradigm Wealth Management LLC 27865 Clemens Road, Suite 1A, Westlake 44145 (440) 892-5900/www.paradigmwealthmgmt.com

$91.4

17

Willow Street Advisors LLC 198 W. Portage Trail Ext., Suite 105, Cuyahoga Falls 44223 (330) 923-3038/www.willowstreetadvisors.com

$88.6

David W. Sommer

Ron E. Bates president, CEO

Jeffrey van Fossen

Richard B. Renner principal

Fee only

Scott P. Snow

Scott P. Snow managing director

11

Fee or commission

Jeffrey Phillips

Joseph P. Heider managing principal

$1,000.0

2

Fee only

52

$500.0

2

Percentage of assets under management

58

$1,000.0

1

Fee only, percentage of assets under management

NA

William Keller Richard H. Stevens

Source: 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. Individual lists and The Book of Lists are available to purchase at www.crainscleveland.com. (1) Companies that are registered with the SEC as investment advisers but do not have full control over where their clients' money is invested are included in the Investment Advisers list. This criteria is in keeping with the standard used by our sister publication, Pensions & Investments. (2) As of the most recent ADV filed with the SEC.

Eric N. Wulff, Christopher D. Bart, managing directors, principals Douglas C. Kuhlman managing partner David B. Kearns managing director, Ohio

RESEARCHED BY Deborah W. Hillyer

FINANCIAL PLANNERS

RANKED BY ASSETS UNDER MANAGEMENT LOCALLY

Company Address Rank Phone/Website

Total assets under management locally (millions) Dec. 31, 2011

Dec. 31, 2010

% change

Total number of local accounts

Minimum individual Portfolio account analysts on (thousands) staff Compensation for services

Chief investment officer

Top local executive

1

Stratos Wealth Partners 30575 Bainbridge Road, Suite 100, Solon 44139 (866) 553-9882/www.stratoswealthpartners.com

$3,105.0

$1,840.0

68.8%

15,745

$1.0

3

Fee, commission, percentage of assets under Daniel Jacoby management

Jeffrey Concepcion CEO

2

Cedar Brook Financial Partners 5885 Landerbrook Drive, Suite 200, Cleveland 44124 (440) 683-9200/www.cedarbrookfinancial.com

$1,590.0

$1,540.0

3.2%

NA

NA

5

Negotiated

Peter Franz

Azim Nakhooda managing principal

3

Skylight Financial Group 1660 W. Second St., Suite 850, Cleveland 44113 (216) 621-5680/www.skylightfinancialgroup.com

$1,307.5

$1,390.0

-5.9%

5,000

$0.0

NA

Fee and commission

Steven Thompson

Paul Fox president, CEO

4

Vantage Financial Group Inc. 6200 Rockside Road, Suite 100, Cleveland 44131 (216) 642-7878/www.vanfin.com

$862.0

$776.0

11.1%

9,000

NA

3

Fee and commission

Carl M. Ferrazza

Carl M. Ferrazza managing partner, chief investment officer, treasurer

5

Carver Financial Services Inc. 7473 Center St., Mentor 44060 (440) 974-0808/www.carverfinancialservices.com

$653.3

$643.0

1.6%

2,107

$350.0

5

Fee and commission

6

212 Capital Group 22901 Millcreek Blvd., Suite 360, Highland Hills 44122 (216) 595-0123/www.212capitalgroup.com

$635.0

$613.0

3.6%

19,486

$10.0

NA

Compensation for all services

Curt Lindsay Rich Sacui

Curt Lindsay managing partner

7

NCA Financial Planners 6095 Parkland Blvd., Suite 210, Cleveland 44124 (440) 473-1115/www.ncafinancial.com

$585.6

$465.8

25.7%

2,500

$250.0

NA

Percentage

Dennis P. Lehman

Kevin H. Myeroff president, CEO

8

Beacon Financial Partners LLC 25800 Science Park, Suite 200, Beachwood 44122 (216) 910-1850/www.beaconplanners.com

$564.0

$503.0

12.1%

2,300

NA

2

Fee and commission

Dale Rubin

Gregory G. Randall managing partner

Randy Carver president

$

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CRAINâ&#x20AC;&#x2122;S CLEVELAND BUSINESS

WWW.CRAINSCLEVELAND.COM

Total assets under management locally (millions) Dec. 31, 2011

Dec. 31, 2010

% change

Total number of local accounts

Raymond James Financial Services Inc. Belden 4158 Munson St. NW, Canton 44718 (330) 493-0777/www.rjbelden.com

$440.0

$440.0

0.0%

900

$100.0

NA

Percentage of assets under management, based fees, NA trail commissions

Randy McGill branch manager, owner

10

Demming Financial Services Co. 13 New Hudson Road , Aurora 44202 (330) 562-2122/www.demmingfinancial.com

$295.0

$278.6

5.9%

400

$0.0

NA

Fee based

David Demming Jr

David Demming president

11

SS&G Wealth Management LLC 275 Springside Drive , Akron 44333 (330) 598-2208 /www.ssandgwealth.com

$268.0

$250.0

7.2%

250

$50.0

1

Fee and commission

Carina S. Diamond

Carina S. Diamond managing director

12

HW Financial Advisors 23240 Chagrin Blvd., Cleveland 44122 (216) 378-7296/www.hwfa.com

$266.0

$253.0

5.1%

495

NA

5

Percentage of assets under Stephen L. Rudolph management

Stephen L. Rudolph CIO

13

Creekside Financial Advisors LLC 30195 Chagrin Blvd., Suite 208W, Pepper Pike 44124 (216) 342-3380/www.creeksidefa.com

$227.5

NA

NA

330

$0.0

2

Fees and commisions

Randy S. Schneider

Nan Cohen founder

14

The Spain-Berman Financial Group of Wells Fargo Advisors 30100 Chagrin Blvd., Suite 200, Pepper Pike 44124 (216) 378-2722/www.spainberman.com

$195.9

$206.5

-5.1%

1,214

$100.0

2

Asset-based fees or commission

Henry "Hank" Spain Steven Berman

Henry " Hank" Spain senior vice president, investment officer

15

HFS Wealth Advisors 3866 Brecksville Road, Richfield 44286 (330) 659-7140/www.hsfwa.com

$158.0

$142.0

11.3%

473

$0.0

3

Fee based

Daniel Hammer

Dennis Kelley general manager, partner

16

Storey & Associates 1360 S. Main St., North Canton 44720 (330) 526-8944/www.storeycapital.com

$134.0

$126.0

6.3%

100

$0.0

NA

Fee only

Harlan G. Storey

Harlan G Storey president

17

Hudson Financial Advisors Inc. 10034 Wellman Road , Streetsboro 44241 (800) 886-5330/www.hudsonfinancial.com

$100.0

$90.0

11.1%

75

$750.0

0

Fee and percentage of assets

NA

Donald J. Tharp president

18

Strategic Wealth Partners 6000 Lombardo Center, Suite 120, Seven Hills 44131 (216) 447-9318/www.swpohio.com

$95.7

$81.4

17.6%

135

$250.0

5

Fee only; percentage of assets under management

Mark Tepper

Mark Tepper president

19

Redwood Financial Network Corp.(1) 30285 Bruce Industrial Parkway, Suite A, Solon 44139 (440) 287-5020/http://redwoodfn.com

$74.2

$0.0

0.0%

126

$250.0

4

Fees and commission

NA

William J. Gordon, III managing director

20

Securus Financial Strategies 33595 Bainbridge Road, Suite 104 , Solon 44139 (440) 349-4980 /www.securusfs.com

$54.5

$53.0

2.8%

250

$50.0

NA

Fee or commission

NA

William Russo CEO

21

Bishop Financial Advisors 591 Boston Mills Road, Suite 500, Hudson 44236 (330) 342-4080/http://bishopfinancialadvisors.com

$52.0

$51.0

2.0%

170

$350.0

NA

Fee based

NA

Brian Bishop owner, financial adviser

22

McGervey Wealth Management 6263 Frank Ave., NW, North Canton 44720 (330) 966-2100/www.mcgerveywealth.com

$49.7

$36.0

38.1%

92

$500.0

3

Fee only

E. Michael McGervey

E. Michael McGervey president

23

True Wealth Design 150 North Miller Road, Suite 350A, Akron 44333 (330) 777-0688/www.truewealthdesign.com

$40.1

$27.2

47.5%

78

$250.0

1

Fee only

Kevin Kroskey

Kevin Kroskey president

24

Roulston Investment Partners 27900 Chagrin Blvd., Suite W211, Beachwood 44120 (216) 765-0566/www.trustnavigator.com

$40.0

$38.0

5.3%

40

$100.0

2

Percentage of assets under Thomas Roulston III management

Thomas Roulston III president

25

Westlake Advisors 24960 Center Ridge Road, Suite 3, Westlake 44145 (440) 250-9744/www.westlakeadv.com

$16.7

$13.2

26.5%

15

$0.0

1

Fee only

David Zolt owner, president, financial planner

Company Address Rank Phone/Website

9

Minimum individual Portfolio account analysts on (thousands) staff Compensation for services

Chief investment officer

David Zolt

Top local executive

Source: 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 and will include omitted information or clarifications in coming issues. Individual lists and The Book of Lists are available to purchase at www.crainscleveland.com. (1) Redwood Financial Network Corp. was founded in 2011.

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MAY 21 - JUNE 3, 2012

Terminal: Terms altered across portfolio continued from PAGE 1

few years as it reduces the leverage of its balance sheet. However, the debt on those far-flung properties is different from the debt on Terminal Tower in one major respect — members of Forest City’s staff occupy more than six full floors of the 1930vintage building.

Asked if Terminal Tower’s status as Forest City’s headquarters changed the character of the talks with its lenders, Mr. Linton declined comment.

Forest City has invested far more in Terminal Tower than the $38 million loan represents. It recently completed a significant renovation of the property costing more than $40 million that qualified for state historic tax credits.

Last year, Forest City was unable

was sold in the public mortgage market with Wells Fargo Bank as its trustee.

Forest City is in a situation common to many real estate developers in the wake of the Great Recession. Rents have been too low and vacancies too high to justify the values assigned to buildings before the downturn. Due to the nature of mortgages sold as bonds, allowing a loan to go into special servicing is the route property owners are using to get the attention of bondholders to work out revised loan terms, such as a reduction in the principal of a mortgage.

Forest City has been engaged in negotiating reduced principal payoffs of loans on its properties for the last

Contact: Phone: Fax: E-mail:

to strike a deal with the mortgage holder on the vacant office floors of Chase Financial Tower, a building constructed as part of the 1989 Tower City Center project in Cleveland. That special servicer, Archetype Advisers of Miami, Fla., sold the mortgage at a steep discount to Horseshoe Casino Cleveland operator Rock Ohio Caesars, and Forest City subsequently deeded the office space to the casino group.

However, Terminal Tower is more valuable for Forest City to retain than Chase. The tower houses its headquarters and dozens of tenants.

By contrast, the Chase floors were empty and would have required Forest City to spend vast sums to outfit them for new tenants and pay

commissions to real estate brokers.

The tower is also the namesake for the adjoining Tower City retail center, which was financed separately.

Let’s make a deal Online realty data provider CoStar said the nearly 525,000-square-foot office portion of Terminal Tower is 21% vacant, with almost 124,000 square feet of space available.

That’s better than the 27% vacancy rate among older class B buildings, where Terminal Tower is counted.

It also is less than the 22% vacancy rate for all downtown office space, according to the former Grubb & Ellis Co.’s year-end 2011 report.

David Browning, managing director of CBRE’s Cleveland office, which manages leasing for Forest City at the tower, maintains the property has outperformed its status in the class B office market.

REAL ESTATE

Toni Coleman (216) 522-1383 (216) 694-4264 tcoleman@crain.com

REAL ESTATE AUCTIONS ”LIVE” REAL ESTATE AUCTION, JUNE 21st

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LOCATION. Fringe of Downtown Central Business District with Convenient access to I-90, I-71 & I-77, Minutes from Lake Erie. Neighboring Cleveland Fire Department. 2 Blocks from New CSU Campus. Avenue District on RTA Bus Line.

OPPORTUNITY. Prime Location, Well-Built Structure for Student Housing, Lofts, Data Center, Research and Development. Excellent Condition Subsequent to 25 year Occupancy of Ernst & Young Printing Div. 100% Air Conditioned.

FEATURES. Pedestrian entrance Superior Ave. 2 Heated Drive-Ins via Rockwell Ave. Freight Elevator, 2nd Level Loading, 22’ Mushroom Column Spacing. Heavy Power & Floor Loads under 14’ Ceilings. Zoned: Semi-Industrial. Seller Financing Available!

Looking at prospective talks with the lender, Mr. Browning said Terminal Tower’s position is similar to others in the region that are in special servicing.

“It’s a question of whether the (mortgage holder) wants to step up and take the property,” he said.

Brian Stulak, a principal at Pinnacle Financial Group in Independence who works with the mortgage brokerage’s loan workout practice, said such maturity defaults are common and may be worked out amicably.

“If a borrower is a good operator and willing to work with the lender,” it may be able to extend loan maturities until it can obtain financing to pay off the loan, Mr. Stulak said.

However, he said a borrower might need to add some of its own cash to pay down the debt outstanding.

“In the majority of cases, a deal is reached,” he said.

■

E-MAIL: TCOLEMAN@CRAIN.COM FAX: (216) 694-4264

Beyond 2000

Jason A. Smith, REALTOR www.kelleysislandrealestate.com jasonbeyond2000@aol.com 419-503-0604

Each Office Independently Owned and Operated

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List your Industrial, commercial or Retail Space Here!

Crain’s Cleveland Business’ classifieds will help you fill that space.

Contact Toni Coleman at 216.522-1383

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DON’T FORGET: Crain’s Cleveland Business on-line @ CrainsCleveland.com For all the latest business news...online

Crain’s Executive Recruiter EMPLOYERS: Reach the most qualified workforce.

Advertise your open positions here.

Call Toni Coleman at 216-522-1383

JOB SEEKERS: We now post POSITIONS WANTED in the Classified section of CrainsCleveland.com at

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Title Insurance Underwriter with Northern Ohio locations seeking Account Executive for Commercial Sales.

Actively prospect, sell and maintain relationships with attorneys, lenders and brokers. Acquire new customers and maintain coverage of existing customers. Real estate industry experience a plus.

Send Resume to: titlesales2012@gmail.com 216-220-7129

POSITION WANTED Retiring real estate professional seeks part time opportunity on a regular or project basis. 30 years management and financial responsibility with all types of commercial properties. Strong financial, HR, maintenance and people skills. Additional experience includes retail, executive recruiting and consulting. College grad, veteran, Ohio license, Notary, former CPM. bobgeuder@gmail.com

216.903.0732

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CRAIN’S CLEVELAND BUSINESS

WWW.CRAINSCLEVELAND.COM

35

THEINSIDER

THEWEEK MAY 14 - 20 The big story: Ohio entered the casino gambling market with the May 14 opening of the $350 million Horseshoe Casino Cleveland, a partnership between Dan Gilbert’s Rock Gaming LLC and Caesars Entertainment Corp.

Crowds were heavy at peak operating times during the first week, as gamblers got their first look at the gaming hall inside the former Higbee Co. building on Public Square. Casino operators have forecast 5 million people will visit the casino in the first year — nearly 13,700 per day.

Business is taking off: Nextant Aerospace, a company that remanufactures Beechjet 400A/ XP aircraft, is expanding its operation at Cuyahoga County Airport in Richmond Heights.

Nextant acquired a new manufacturing plant for the Nextant 400XT business jet. The company said the expansion comes as it responds to what it called “greater-than-expected demand” for the 400XT, which received final Federal Aviation Administration certification last October.

Nextant said the newly acquired structure will accommodate an annual production rate of 48 aircraft, and will quadruple Nextant’s current square footage both in terms of production area and office space.

Thinking out of the Vox:

A fast-growing Independence company that helps businesses manage their mobile devices raised $7.5 million in growth capital. The investment in Vox Mobile LLC was led by Edison Ventures of Lawrenceville, N.J., with participation from Permal Capital, one of Edison’s limited partners. Vox Mobile will use the money to finance an effort to capture a bigger piece of the growing market for mobility management services. The company has 110 employees.

REPORTERS’ NOTEBOOK BEHIND THE NEWS WITH CRAIN’S WRITERS

Tressel suits up for board membership

Attorney thinks his case shapes up nicely

An accelerated MBA for the iPad set

■ One new board director of Ohio Legacy Corp., the parent company of Premier Bank & Trust in North Canton, has quite the familiar name: Jim Tressel.

That’s right. The former Ohio State University head football coach has been elected to the banking company’s board in what Ohio Legacy president and CEO Rick L. Hull said is Mr. Tressel’s first foray into public company directorship.

Mr. Hull approached Mr. Tressel, whom he’d met when Mr. Tressel still was the coach at Youngstown State University.

“We’re pushing much more into the Akron market … and we were looking for someone who could assist us in that market,” Mr. Hull said. “Jim really is that guy. People will take his call. They just will.”

Mr. Tressel recently assumed the role of vice president for strategic engagement at the University of Akron. His fundraising experience is a big reason Mr. Hull approached him.

“He understands we need to expand our business, expand our marketplace,” Mr. Hull said.

Two other board directors were elected last week, too: Incumbent David B. Wurster and new director Brian C. Layman. On average, Ohio Legacy directors earn $10,000 a year, Mr. Hull said. — Michelle Park

■ These recent multimillion-dollar settlements don’t involve Jay Kelley’s clients, but the personal injury lawyer at Elk & Elk believes they stand to help when his clients’ cases proceed.

First, Reebok agreed to pay $25 million into a fund to settle false-advertising claims related to its so-called toning shoes and to provide refunds to people who bought them.

Then, last week, Skechers agreed to pay $40 million to settle similar allegations over the claims it made about its “Shape-ups” toning shoes.

The allegations against Reebok and Skechers were brought by the Federal Trade Commission. In Skechers’ case, the settlement with the FTC is part of a broader agreement to resolve a multistate investigation involving the attorneys general of 44 states and the District of Columbia.

Consumers who bought these “toning” shoes will be eligible for refunds either directly from the FTC or through a courtapproved class action lawsuit.

While both companies’ consumer claim settlements are unrelated to the claims of Elk & Elk clients who say they suffered injuries because of wearing toning shoes, Mr. Kelley said, “This isn’t a surprise, and it further bolsters (my clients’) case.”

Crain’s reported last August that the Mayfield Heights law firm was searching for people who say toning shoes injured them. To date, about 60 clients have come forward with injuries, including fractures and torn tendons, Mr. Kelley said. — Michelle Park

■ Need an MBA? There’s an app for that, kind of.

Cleveland State University this fall formally will launch what it’s calling a mobile accelerated MBA program. It’s a completely online version of the university’s one-year, accelerated MBA program.

Students enrolled in the new mobile program will be armed with a fully loaded Apple iPad 4G (with a Cleveland Statebranded iPad case) on which to do their coursework; gone is the slate of textbooks typically provided to MBA students.

“We’re a public university here in Cleveland and on the cutting edge,” said Elad Granot, director of the executive, accelerated and mobile MBA program at Cleveland State. “That’s super cool, I think.”

Dr. Granot, also an assistant professor of marketing, said the mobile program offers the same education as the university’s accelerated MBA program.

“If you look at that combination, you’ll come up with one program like it,” Dr. Granot said. “That’s us.”

While the program is marketed to anyone unable to make it to campus, Dr. Granot was surprised to receive so much interest from those in the armed forces.

“We’ve started to get inquiries from Northeast Ohio folks stationed abroad, and all of sudden they have this as an option now,” he said.

The program’s tuition is set at $32,500.

And if you can swing the bill, rest assured, you’ll get to keep the iPad. — Timothy Magaw

WHAT’S NEW

BEST OF THE BLOGS Excerpts from recent blog entries on CrainsCleveland.com.

WSJ gives star marks to KeyBanc’s Mark Parr

On a growth trail: Lincoln Electric Holdings Inc. acquired Wayne Trail Technologies Inc., a privately held manufacturer of automated systems and tooling that serves the metal processing market. The Euclid-based maker of welding equipment did not say what it paid for Wayne Trail, which has its headquarters and manufacturing operations in Ft. Loramie, Ohio. Wayne Trail has annual sales of about $50 million and employs 162 people.

Finally, some transparency: Window Nation bought the remaining assets of Regency Window Co. in Twinsburg, which abruptly closed without warning last January. Window Nation said because it did not perform any of Regency Windows’ installations, it will not offer warranty service on Regency purchases. However, Window Nation said it has set up a website to help Regency buyers and offer guidance on resources.

A tall order: Forest City Enterprises Inc. confirmed it’s seeking an investor for a potential minority stake in the ownership of 8 Spruce Street, the tallest residential building in New York City. Forest City said it and a partner, National Real Estate Advisors, retained the CBRE brokerage to “explore the possibility of bringing in a minority partner into the ownership of this iconic” 899-unit tower designed by architect Frank Gehry. The building also is known as New York by Gehry.

Their time to shine: Energy Focus Inc. said it received an additional $1.5 million order to provide its IntelliTube LED fluorescent replacement tubes, IntelliTube LED berth light fixtures and a variety of the company’s LED globe fixtures to upgrade the lighting on a number of U.S. Navy ships. The Solon-based producer of energy-efficient lighting products said installation of the lighting will be performed by U. S. Navy personnel.

COMPANY: Tharo Systems Inc., Brunswick PRODUCT: H-Series Label Printers Tharo says its new H-Series printers have multiple interfaces for almost any application.

USB 2.0 is standard on the H-400 and H-600E Series printers for high-speed data transfer from Windows PC, Mac, Linux or Unix systems to an H-Series Printer.

“With a high data-transfer rate, you can transfer your data faster to the H-400 and H-600E printers in cases where graphics or TrueType fonts will be used, or where each label is different,” Tharo says.

The printers have “an elegant design, are extremely compact and are robust enough for commercial use,” according to the company.

They feature all-metal construction with a cast aluminum center wall and a large media window for easy monitoring of supplies.

Users can print in 203 or 300 dpi resolution with the same H-400 or H-600E Series printer.

The printers also are designed to accept ribbon types of both ink inside and ink outside, providing more flexibility in ribbon selection.

For information, visit www.tharo.com.

Send information about new products to managing editor Scott Suttell at ssuttell@ crain.com.

■ If you’re looking for an expert in the heavy machinery and materials sector, Mark Parr is your man.

Mr. Parr, 58, who works for KeyBanc Capital Markets, was rated as the top-performing analyst in the heavy machinery and materials sector in The Wall Street Journal’s annual “Best on the Street” survey.

“A deep knowledge of companies that barely register on Wall Street paid off handsomely last year for Mr. Parr,” The Journal said.

His best call last year? NN Inc., a Johnson City, Tenn., maker of bearings and other parts used in cars, heavy machinery and other products.

“Mr. Parr put a buy rating on NN in August 2010 and maintained that call until early May 2011, when he downgraded to a hold,” The Journal noted. “During the buy period, the stock price tripled, including a 44% return during the surveyed period.”

Mr. Parr put a buy on Materion Corp. in late November, “just in time to catch a 15% rally in the stock through year’s end,” the newspaper said. Materion, based in Mayfield Heights, produces alloys, composite materials, coatings and chemicals used in electronics and other industries.

Another KeyBanc Capital Markets analyst, Brad Thomas, was ranked as the No. 2 performer in the home construction and furnishings sector.

Work commute got you down?

It could be much worse ■ Kiplinger’s Personal Finance magazine

put Cleveland on a list of the 10 U.S. cities with the easiest, most affordable commutes.

The calculations were based on “congestion cost” (a measurement of wasted time and fuel calculated by the Texas Transportation Institute) plus factors such as the average length of a commute, local gas prices, yearly delays per commuter and public transit use.

Cleveland boasts the highest rate of public transit use among the 10 cities, with nearly 5% of residents using buses, trolleys and trains. The average commute time here is 23.9 minutes, more than a minute less than the national average of 25 minutes, and the yearly congestion cost per commuter is $423, far below the $808 average nationwide.

The average commuter here travels 10.8 miles to work; nationwide, the average is 12 miles.

The FBI heads into the (trade secrets) breach ■ The Federal Bureau of Investigation, which is responsible for investigating breaches by foreign intelligence agencies, has unveiled billboards in nine cities with this message: Protect America’s Trade Secrets.

“Behind the campaign is the government’s view that state-sponsored espionage targeting companies is growing so fast it is a national security concern,” The Wall Street Journal reported.

To illustrate the threat, Frank Figliuzzi, the FBI’s assistant director for counterintelligence, and others in the FBI cited the case of Wickliffe-based chemical maker Lubrizol Corp., “which suffered a trade secret loss when an employee admitted in 2008 to selling product specifications and other secrets to South Korean competitor SK Chemicals,” according to the newspaper.

20120521-NEWS--36-NAT-CCI-CL_--

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Beachwood U Brook Park U Middleburg Heights U North Olmsted ©2012 Porsche Cars North America, Inc. Porsche recommends seat belt usage and observance of all traffic laws at all times. Vehicle shown includes optional equipment available at additional cost.

OUR COLLECTION JUST GOT BIGGER. AND FASTER.

Every carmaker has a vision of the future.

Ours just happens to be in production.

The 2012 Porsche 911 Carrera Cabriolet.

Starting at $93,700.

INTRODUCING THE ALL-NEW MASERATI OF CLEVELAND. Now you can experience Maserati for yourself, at Maserati of Cleveland, part of Collection Motorcars. Best of all, your Maserati comes with a level of service that has become the hallmark of Collection Auto Group.

Porsche of North Olmsted NOW LOCATED AT:

A Part of Collection Auto Group 28400 Lorain Road, North Olmsted, Ohio 44070

28300 Lorain Road

440-716-2720

Open 24/7 at: www.clevelandporsche.com #1 PORSCHE DEALER IN OHIO

North Olmsted 440-716-2000

Cleveland

www.collectionmotorcars.com

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Pure Driving Passion

Electric Luxury and Performance With Extended Range.

Plug In Or Fill Up.†

“Martin. Aston Martin.”

An Aston Martin shakes up the status quo while stirring the soul of those who drive one. Why not make that someone you?

Come to the new Aston Martin Cleveland, part of Collection Motorcars, and experience the exquisite craftsmanship and phenomenal performance that is Aston Martin.

2012 Fisker Karma Extended Range Electric Vehicle

Starting at $95,900*

CLEVELAND Aston Martin Cleveland 28300 Lorain Road North Olmsted ______________________________________ 440.716.2000 astonmartincleveland.com

FISKER OF CLEVELAND Located at 28300 Lorain Road t 440-716-2000

www.fiskerofcleveland.com * Base price. Not including destination charge. †Fisker Karma has a range of up to 50 miles with no gas and an extended range of 350 miles using a gasoline-driven generator. ©2012 Fisker Automotive, Inc.

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