Crain's Detroit Business, December 5, 2022, issue

KIRK PINHO

Some within Ford Motor Co. and in Dearborn may have been surprised when it unloaded one of its signature o ce properties in the city earlier this month.

But the automaker (NYSE: F) has for years, even pre-pandemic, been shedding buildings and land in its vast real estate portfolio in its headquarters city and surrounding communities while it builds out new space in Dearborn and at Detroit’s Michigan Central Station.

A review of Wayne County land records shows that Ford Land Development Co., its real estate arm, has sold o at least 25 properties as far back as March 2018, bringing it no less than $120 million, Crain’s estimates.

Maybe the most substantial in recent memory: e sale, for an undisclosed price (but less than $20 million), of the Regent Court to Dearborn Heights-based developer Mike Shehadi, who wants to convert the vacant

BY NICK MANES

Michigan’s mergers and acquisitions practitioners, largely working outside the largest headline-grabbing deals, say the current market o ers enough runway to get transactions done, but quality matters.

Total M&A volume around the globe has taken a large hit as surging interest rates and broader macroeconomic uncertainty have moved many deals to the sidelines or killed them entirely. But advisers in metro Detroit and around the state say their day-to-day work hasn’t changed drastically even though

2023 is looking like more of a down year for corporate dealmaking.

For Andrew Dickow, managing director at Birmingham-based investment banking rm Greenwich Capital Group, the view into next year’s crystal ball is a little fuzzy at the moment.

“It’s industry by industry,” Dickow told Crain’s of the current environment, noting he’s seen areas such as e-commerce take a big hit.

“It’s the strength of the consumer versus good overall dynamics that are at play here. My general sentiment is, I don’t see (M&A activity) falling o a cli . But it’s de nitely not going to be at the pace we saw in Q2 or Q3 of 2022.”

BY KIRK PINHO

In an opening public push, representatives of two development rms led by billionaires put forward a renewed vision for the District Detroit as they seek what would likely be hundreds of millions in state and local public nancing for multiple projects.

During a more than two-hour meeting, the Ilitch family’s Detroit-based Olympia Development of Michigan and Stephen Ross’ New York City-based Related Cos. discussed in greater detail a sweeping

vision for the swath of property controlled by the Ilitches north of Grand Circus Park both west and east of Woodward — apartments and other residential units, o ce space, retail shops, restaurants, and other uses.

Chris Ilitch (left) and Stephen Ross are teaming up on the proposal.

 BIRMINGHAM DEVELOPER BUYS SOUGHT-AFTER LOT

THE NEWS: A metro Detroit real estate investor is planning an apartment project in Grand Rapids at a site repeatedly targeted for housing developments that never panned out. Ryan Talbot, owner of Birmingham-based Talbot Development, signed closing documents to acquire the vacant lot at 220 Quimby St. NE in the Creston neighborhood from Isaac Oswalt, doing business as North End Lofts LLC, for an undisclosed sum.

WHY IT MATTERS: Talbot plans to spend about $15 million to build a four-story, 45,000-square-foot mixed-use development at the site called Hillcrest Apartments, according to documents led with the Grand Rapids City Planning Commission. It will include 72 market-rate studio, one- and two-bedroom apartments and about 1,000 square feet of retail space where Talbot hopes to sign a co ee shop as a tenant.

 METRO DETROIT HOME PRICES DIP IN SEPTEMBER

THE NEWS: Metro Detroit home prices dipped in September for the third month in a row, according to a national index, but prices continue to be higher than they were a year ago, and the city’s trajectory is following the national trend.

WHY IT MATTERS: e S&P Case-Shiller Home Price Index, which tracks sale prices for homes sold in a month as compared with their last sale, showed metro Detroit prices were 8 percent higher in September than they were the year prior, even as they were lower than they had been in August.

taxes. e state also assesses a 6 percent sales tax at the pump, which mainly goes to schools and municipalities.

 OAKLAND COUNTY TO TEST SEWAGE FOR POLIO

THE NEWS: Oakland County is joining the small list of U.S. localities that are looking for signs of polio infections in sewage, U.S. health o cials said. e Centers for Disease Control and Prevention said the communities will test for polio in sewage for at least four months. New York state began testing earlier this year after a man was diagnosed with paralytic polio.

Rudy named publisher of Crain’s Detroit, Grand Rapids brands

 MICHIGAN GAS, DIESEL TAXES TO INCREASE IN 2023

THE NEWS: Michigan’s gasoline and diesel taxes will be increased by 1.4 cents per gallon, or 5 percent, in 2023. e adjustment, which was announced by the state Department of Treasury, is automatic under a 2015 law that boosted road, bridge and other transportation funding. It will take e ect Jan. 1, when the 27.2 cents-a-gallon gas and diesel taxes will rise to 28.6 cents.

WHY IT MATTERS: e Michigan Transportation Fund, which is used for road and bridge maintenance, primarily is funded with the per-gallon fuel taxes and vehicle registration

WHY IT MATTERS: O cials say identifying the virus in sewage can help a city or county accelerate and target vaccination campaigns.

 FORGOTTEN HARVEST MAKES FIRST GRANTS FROM SCOTT GIFT

THE NEWS: Forgotten Harvest has awarded its rst grants from a fund of donated MacKenzie Scott dollars planned for disbursements over the next three years to help strengthen emergency food distribution in the region. e grants are funding e orts aimed at increasing and expanding client access to food and the amount distributed, reaching underserved populations by improving logistics and encouraging collaboration

Crain Communications has named a longtime leader of Crain’s Detroit Business to a top executive role for the company’s Michigan media properties.



Lisa Rudy has been promoted to publisher of Crain’s Detroit Business and the Grand Rapids Business Journal. She has been associate publisher of Crain’s Detroit Business since 2018.

Rudy joined Crain’s in 2016 with a deep background in media advertising sales in radio, digital and print. She was previously general sales manager at WWJ 950 AM and prior to that was publisher of Metro Times, Detroit’s alternative weekly.

Crain Communications acquired the Grand Rapids Business Journal in August, marking

an expansion into West Michigan for the family-owned business media company.

Detroit-based Crain is a global business media company whose more than 20 brands include Automotive News, Ad Age, Modern Healthcare and Green Market Report.

among the agencies supplied by Forgotten Harvest.

WHY IT MATTERS: e Oak Park-based food rescue attracted a $25 million gift from philanthropist Scott in late 2020, something outgoing CEO Kirk

Mayes told Crain’s would be used, in part, to create a $5 million fund that will make grants to small pantries, soup kitchens and other groups to strengthen their infrastructure and ability to distribute emergency food to their communities.

Rudy

‘Smaller’ interest rate hikes likely, Fed board’s Lisa Cook says

Former MSU professor tells Detroit Econ Club smaller steps prudent

e nation’s leading economic poli cymakers are signaling that a slow down to the rapid rise in borrowing costs is on the horizon but that smaller increases will continue.

Two members of the U.S. Federal Reserve’s Board of Governors hinted in separate speeches Wednesday — in cluding one in Detroit — that it’s likely time for a backing o of the multiple 75 basis point rate hikes the Fed has un dertaken at its last several meetings.

“What policy rate is su ciently re strictive, we will only learn over time by watching how the economy evolves,” Fed board governor Lisa Cook said

during a prepared speech to the De troit Economic Club on Wednesday afternoon, referring to the Fed’s stated goal of cooling the economy in an ef fort to bring down in ation to its goal of 2 percent — well below the current 7.7 percent.

“Given the tightening already in the pipeline, I am mindful that monetary policy works with long lags,” said Cook, who was a professor of economics and international relations at Michigan State University prior to her Fed ap pointment. “ us, as we get closer to that uncertain destination, it would be prudent to move in smaller steps. How far we go, and how long we keep rates restrictive, will depend on observed

Small businesses face challenges in 2023

Leaders cautiously optimistic that sectors will survive, thrive

JAY DAVIS

Proposed laws a ecting how in dependent contractors are classi ed and compensated, a potential increase in the minimum and tipped wages, and a lack of foot tra c in the state’s biggest down town loom as major issues for Michigan small businesses in 2023.

Small business leaders, though, believe there is a road map to suc cess.

Having a solid business plan is key for small businesses going forward, according to Sandy Baruah, presi

dent and CEO of the Detroit Region al Chamber.

Baruah said planning and being smart about nances would help small businesses thrive in the next year.

“Even if the economy slows down, you’ll see sectors of the small busi ness community survive and thrive, and you’ll see some struggle,” he said. “It varies, though, based on the business owner. Even those impact ed by in ation and slow economic growth, the ones who have planned ahead stand a much better chance of having success.”

Despite in ation being at levels not seen in years, Baruah said con sumers are still buying, and demand for goods and services remains high. at outlook is shared nationally.

A Bank of America survey of more than 1,300 small business owners found that 66 percent be lieved their revenue will increase in 2023, while 77 percent of re spondents believed their business could survive a major economic slowdown. BoA released the sur vey in early October.

progress in bringing down in ation. But rest assured, we will keep at it until the job is done.”

Cook’s remarks in Detroit came just before Jerome Powell, who chairs the Fed’s governing body, said in a speech that the Fed may increase its key inter est rate by a smaller increment at its December meeting, only a half-point, after four straight three-quarter point hikes. But Powell, speaking at the Brookings Institution in Washington, D.C., also stressed that the smaller hike shouldn’t be taken as a sign the Fed will let up on its in ation ght anytime soon.

“It is likely that restoring price stabil ity will require holding (interest rates) at a restrictive level for some time,” Powell said. “History cautions strongly against prematurely loosening policy.”

Nonpro ts worry over donations amid in ation

Giving softens for some

SHERRI WELCH

Fresh o Giving Tuesday, Southeast Michigan nonpro ts are getting hints of what the rest of the year will hold, espe cially those already seeing declines in year-end giving as in ation is on the rise.

is year, many nonpro ts that rely on small, indi vidual donor gifts have seen a soft ening in year-end giving

Donations in response to De troit Rescue Mis sion Ministries’ annual appeal were down more than 40 percent in September and October when compared to the same period last year. During the two-month period this year, the nonpro t provider of addic tion recovery services, job assistance and shelter raised about $375,000 from 6,000 donors, President and CEO Chad Audi said.

at’s down from $640,000 from 9,700 donors last year. e organization raises about a third of its $20 million an nual budget through mail donations.

e nonpro t was waiting for No vember numbers as of late last week, but the amount it raised on Giving Tuesday was a little shy from last year, he said.

“In ation is eating up a lot of peo ple’s savings so they do not have enough saved to donate,” Audi said.

He also believes donations have been lost as people have resumed tak ing vacations post-pandemic, and he believes some donors have the percep tion that there is not a lot of need be cause the federal government provided generous COVID-19 pandemic assis tance payments to people.

People dine inside a restaurant in Plymouth in March 2021. Restaurant owners continue to face challenges even as the pandemic eases.| EMILY ELCONIN/BLOOMBERG

Detroit Regional Chamber President and CEO Sandy Baruah. | DALE YOUNG/

NICK MANES

“History cautions strongly against prematurely loosening policy.” Lisa Cook, Federal Reserve Board governor, told a meeting of the Detroit Economic Club at the Masonic in Detroit on Wednesday. | JEFF KOWALSKY/DETROIT ECONOMIC CLUB

Detroit Club building hits the market after renovation

e Detroit Club building downtown has hit the market for sale for an undis closed price.

Emre Uralli, the building’s owner, told me Tuesday morning that he is putting it up to buyers as a longterm sale-leaseback deal so he can raise money for hotel deals, primarily in Florida but a few other areas as well.

“ e market is not so good for loaning money right now because rates are too high,” he said. “ at’s kind of the idea behind it and we’ll see what happens. We have some in terest. Quite a few of the local guys are interested.”

His wife owns the club itself, while he owns the property, which is at 712 Cass Ave. at Fort Street.

He bought the Romanesque Reviv al building, which dates back to the early 1890s, nine years ago for just $1 million, and put an undisclosed amount of money into a renovation. It reopened in early 2018 after a ood destroyed its interior.

e club’s membership gures are not known, but it would remain open if the building sells.

e South eld o ce of Cushman & Wake eld has the listing.

Earlier this year, the club came un der re after a federal lawsuit was led by a former employee alleging the owners engaged in racist behav ior and used racist language to refer to some patrons. e case is ongoing.

Samuel Douglas, a lawyer, and James T. Campbell, a banker, started the Detroit Club 140 years ago in 1882 as a place for businessmen to gather, according to the club’s web site. It outgrew the space it had on Lafayette and built its building at Cass and Fort a decade later after get ting about 100 businessmen to join.

Uralli entered the Detroit market as an investor more than a decade

ago, seeking to cash in on low real es tate prices.

“ ese are buildings that were built in the 1920s, and I’m buying them for less than what it cost to build them at that time in history,” he told Crain’s in an interview for a Jan uary 2012 article. “ ere is no better value anywhere in the world. And

that’s why I’m here.”

Razed downtown building a temporary parking lot

Earlier this year, the building at 1101 Washington Blvd. across from the Westin Book Cadillac hotel and condos was torn down, a plan that

had long been discussed.

At least for the time being, the site has been turned into a surface park ing lot.

Developer Richard Karp, based in Lansing, said that use is temporary.

Contact: kpinho@crain.com; (313) 446-0412; @kirkpinhoCDB

Planned sale of South eld Town Center collapses, sources say

e South eld Town Center will not trade hands as planned.

Two sources briefed on the matter told Crain’s that a sale that had been in the works this spring has been canceled due to nancing in a tough o ce market.

Crain’s reported in April that an estoppel certi cate sent to tenants in the region’s second-largest o ce complex said a Delaware entity called 270B STC LLC was expected to buy it by the end of May.

In commercial real estate, an es toppel certi cate is sent to tenants of a building that is being purchased using commercial debt (as opposed to cash) to con rm things like major lease terms such as duration and rate. ey are typically sent to tenants in the late stages of the purchase pro cess.

Messages were left with an execu tive of the current ownership, New York City-based 601W Cos., as well as its management company, Tran swestern.

e true identity of the group that tried to buy the property was never revealed, nor was the purchase price.

601W paid $177.5 million for it in 2014, taking out $142 million in com mercial mortgage-backed securities debt that matures in May 2024, ac cording to data from New York Citybased Trepp LLC.

At the time it purchased the prop erty, the company expected its own ership to last no more than ve years.

In 2018, Crain’s reported that the ownership had put about $56 million into renovating the property, which consists of ve o ce towers.

Contact: kpinho@crain.com; (313) 446-0412; @kirkpinhoCDB

“THE MARKET IS NOT SO GOOD FOR LOANING MONEY RIGHT NOW BECAUSE RATES ARE TOO HIGH.”

—Emre Uralli, owner, Detroit Club property

Kirk PINHO

The Detroit Club building at 712 Cass Ave. is for sale in a proposed sale-leaseback arrangement. KIRK PINHO/CRAIN’S DETROIT BUSINESS

KIRK PINHO

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As in ation takes bite, keep helpers in mind

As in ation takes a bigger bite out of paychecks, metro Detroit charities are bracing for the impact.

As Sherri Welch reports on Page 3, Giving Tuesday results held a larger-than-usual sig ni cance this year. Nonpro ts are looking at them as a sign of whether small-dollar indi vidual gifts that nonpro ts rely on to do their good work would take a hit as groceries, gas oline and other costs rise.

“People are telling us with the higher cost of everything, they don’t have the extra to give,” Sparrow Freedom Project Executive Director Tracey Cooley told Crain’s.

Rising prices have simply left many people who would normally throw $5 in the Salva tion Army kettle or donate a bag of gro ceries to a food bank unable to help.

And it’s not just concerns about small donations that are the problem. Nonpro ts are being hit from ev ery angle.

Just as household budgets are crimped, the budgets of chari ties themselves are being stressed by ris ing costs for wages, supplies, real estate and other items.

And of course, the pocketbook-stretching has increased the need in the community for services from food banks, energy-assistance programs, housing nonpro ts and other charities.

e bottom line is that major gifts from

people and businesses who can a ord to give are even more important as the holidays and winter approach.

e in ation of 2022 — which will hope fully be brought under control in the coming year — has hit everyone. But it has hit some more than others, and metro Detroit’s non pro ts are uniquely able to help people get through di cult times.

Keeping the helpers able to help should be top of mind.

On a related note

roughout 2022, the gifts of philanthropist MacKenzie Scott have been in the news. On our list last week of largest charitable dona tions, the wave of giving from Scott was appar ent — she accounted for ve of the 25 largest gifts locally that Crain’s recorded in 2022. And those are only those recipients who have cho sen to disclose amounts; her giving has been far broader.

Scott’s strategy has been at odds with that of many foundations. She’s been giving big to lo cal organizations considered expert in their elds and leaving them to sort out the details of where the money can do the most good.

One such donation was to Forgotten Har vest, which is using $5 million of the $25 mil lion it received from the former wife of Ama zon co-founder Je Bezos to distribute to local food-assistance groups as grants.

e gifts came as massive windfalls out of the blue to the organizations that have bene ted from them. We’re glad to see them spreading out into the community and will continue to track whether they’re reaching people on the ground.

Initiative seeks to improve recycling in 2 communities

In neighborhoods across Ypsilanti Township and Tren ton, residents might no tice an addition to their curbs in the form of new recycling carts.

ese carts are a result of investments from the Every Bottle Back initia tive, a unique collabora tion between members of Michigan’s soft drink industry, our national partner — the American Beverage Association — and environmental and sustainability leaders including e Recy cling Partnership.

Across our great state, Michigan’s soft drink industry directly employs some 6,000 individuals and services more than 10,000 retail outlets. As part of their work, Michi gan’s soft drink producers remain commit ted to working to ensure our fully recyclable bottles can be reclaimed so they can be re made into new bottles and not end up in our lakes, rivers or land lls.

In 2019, the American Beverage Associa tion and its members — e Coca-Cola Company, Keurig Dr Pepper and PepsiCo — launched the Every Bottle Back initiative to help reduce our industry’s use of new plas tic. As the name suggests, the primary goal of the initiative is to ultimately collect every single plastic beverage bottle that we distrib ute.

Our bottles are specially designed to be 100 percent recyclable, even the cap. So when they’re recycled as intended, they can be remade into new bottles. at’s where Ev ery Bottle Back investments come into play, and why investments in recycling infrastruc ture and resident education are so critical.

We’re grateful that a number of these in vestments have been made in Michigan, making our state stand out. To date, invest ments in Michigan amount to more than $1 million from the Every Bottle Back initiative and over $6 million in community and state matching funds including from the Michi

gan Department of Environment, Great Lakes and Energy.

Over the summer, an investment in Tren ton of over $100,000 helped to bring 6,100 new, 95-gallon recycling carts to support its single-stream recycling collection service. To ensure residents fully understood what can and cannot be recycled, the grant in cluded funding for consumer education and outreach for the city’s new collection pro cess.

In October, Ypsilanti Township received an Every Bottle Back investment of over $200,000 to provide residents with 96-gallon carts to over 7,300 households for their new curbside recycling service. Alongside di rect-to-consumer outreach about what can and cannot be recycled, we’re working to help increase and streamline collection poli cy. Both investments have been the outcome of a collaborative e ort with e Recycling Partnership and helped to transform collec tion systems in Michigan.

Combined, these new carts are expected to bring more than 65 million new recycla bles into the recycling stream, including more than 2.5 million pounds of polyeth ylene terephthalate or PET — the specialized plastic we use to make our 100 percent recy clable bottles — and nearly one million pounds of aluminum over the next decade.

We also hope this initiative will encourage businesses and organizations throughout the state of Michigan to reinvest in their own communities and help create a cleaner envi ronment and a more circular economy.

Since the beginning of the Every Bottle Back initiative, the beverage industry has committed to investing more than $19 mil lion in community recycling projects across the country, which are projected to yield 719 million more pounds of PET over the next decade.

We are proud of the progress made but there is still much work to do. e partner ships forged between the private and public sectors are a critical component to the suc cesses of this initiative and to addressing Michigan’s recycling challenges. By work ing together with leaders and elected o cials at all levels, we can advance our shared goals to increase comprehensive recycling rates.

Sound o : Crain’s considers longer opinion pieces from guest writers on issues of interest to business readers. Email ideas to Managing Editor Michael Lee at malee@crain.com.

Write us: Crain’s welcomes responses from readers. Letters should be as brief as possible and may be edited for length or clarity. Send letters to Crain’s Detroit Business, 1155 Gratiot Ave, Detroit, MI 48207, or email crainsdetroit@crain.com Please include your complete name, city from which you are writing and a phone number for fact-checking purposes.

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DEREK BAJEMA

Derek Bajema is the president and CEO of the Michigan Soft Drink Association.

Emagine moving headquarters to Walsh College campus in Troy

Theater operator has three-year lease on Livernois Road

BY SHERRI WELCH

Emagine Entertainment Inc. will move its headquarters to the Walsh College Troy campus in January.

e high-end theater operator has a three-year lease for space on the second oor of the college’s 137,000-square-foot facility at 3838 Livernois Road in Troy.

Located on 30 acres, the modern building includes an on-site gym, showers and plenty of conference space among its amenities, said Emagine Co-founder and Chairman Paul Glantz.

“We have folks we want to encourage to come back to the o ce,” he said. “ e space at Walsh College (checks) all the boxes.”

Glantz added that rent at the space comes at a competitive rate, crediting Emagine CEO Anthony LaVerde with the idea of moving to the campus.

e new location will also put Emagine in the midst of a pool of students attending the business and technology college.

“We think it’s a great environment in which to identify talent,” said Glantz, a Walsh alum himself.

Emagine already has hired sever-

al Walsh interns and graduates.

“We are beyond excited to welcome Emagine Entertainment to our campus,” Walsh College President and CEO Suzanne Siegle said

in a release, adding that the company’s presence will unlock “even more entrepreneurial opportunities for our students and our college.”

Emagine currently operates with about 20 sta from leased space four miles away at Coolidge Highway and Big Beaver Road.

As part of the agreement, Walsh College promotions and commercials will air at Emagine’s Michigan theater locations starting this month, Siegle said.

Contact: swelch@crain.com; (313) 446-1694; @SherriWelch

Crain’s expands coverage areas for reporters

Crain’s is expanding coverage areas for some of our reporters to add focus to areas our readers care about most.

e changes add reporting resources to areas Crain’s has always covered and expands to new areas in an e ort to o er the most complete picture of business in metro Detroit and Michigan available anywhere.

ey also build on the recent acquisition by Crain’s parent company Crain Communications Inc. of the Grand Rapids Business Journal, which has expanded our coverage of West Michigan.

e changes to our reporters’ beats include:

 Nick Manes will take on coverage of residential real estate, and continue to cover metro Detroit’s mortgage companies.



Arielle Kass assume coverage of the city of Detroit, focused on its government, neighborhoods, housing and economic development.



Sherri Welch will add coverage of Michigan’s colleges and universities/ higher education to her current coverage of nonpro ts and philanthropy.

 Jay Davis will cover restaurants and retail, in addition to covering small-business issues.

 Rachel Watson will add coverage of insurance companies to her coverage of West Michigan business and eco-

nomic development.

 Kurt Nagl will add coverage of law rms and legal issues to his coverage of manufacturing.

Manes Kass

Welch Davis

Watson Nagl

Emagine will move into the Walsh College building at 3838 Livernois Road in Troy. GOOGLE STREETVIEW

Glantz Siegle

Wright & Filippis ransomware attack hits nearly 900,000 patients, employees

BY DUSTIN WALSH

Prosthetics and orthotics maker Wright & Filippis LLC announced last month that it was victim to a large-scale ransomware attack.

e Rochester Hills-based company reported its servers were hacked between Jan. 26-28 but did not discover that personal patient information may have been compromised until May 2, the company said in a notice on its website. Its IT security team discovered the ransomware and terminated it shortly after the Jan. 28 date, the company said.

Wright & Filippis did not specify how the ransomware invaded its systems or why it took so long to report the incident to those impacted.

e company also did not specify the scope of the attack, but a breach report listed on the U.S. Department of Health and Human Services’ website notes the attack impacted 877,584 current and/or former patients and employees.

e company did not respond to requests for comment.

e hackers potentially gained ac-

NONPROFITS

cess to names, dates of birth, Social Security numbers, nancial account numbers and the health information of patients, the company said on its website. For employees, their name, dates of birth, Social Security numbers, driver’s license numbers and some nancial account information may have been compromised.

Electronic medical records and its human resources system were not targeted, the company said.

Wright & Filippis said it has no evidence the information has been misused but did notify all those compromised on Nov. 18.

e company is o ering identity protection for at least one year to all those impacted by the breach as well as a $1 million insurance reimbursement policy and ID theft recovery services.

A ected patients or sta can contact IDX with any questions by calling 833-875-0798 or visiting reporting website https://response.idx.us/ WrightFilippis to enroll in those services by a deadline of Feb. 18, 2023.

Cyberattacks have been a growing

concern for businesses for a decade and an increasing problem for the health care industry that deals with so much sensitive information.

More than 550 U.S. hospitals reported data breaches in 2021, exposing the information of more than 40 million patients, according to data from the U.S. Health and Human Services’ O ce for Civil Rights.

Michigan Medicine in Ann Arbor has reported two data breaches this year alone. A cyberattack in August impacted 33,850 patients and the info of another 3,000 patients was impacted in March.

Also in March, Ascension Michigan — the subsidiary of St. Louis-based Ascension Health that operates four hospitals in the state — announced a data breach that exposed personal information of more than 27,000 patients.

e Wright & Filippis data breach, however, appears to be the largest health care breach in Michigan this year.

Contact: dwalsh@crain.com; (313) 446-6042; @dustinpwalsh

CEO of Big Brothers Big Sisters of Metro Detroit stepping down after six months

BY SHERRI WELCH

e CEO of Big Brothers Big Sisters of Metropolitan Detroit is departing after just six months in the job.

Nicole McKinney, who was named to the role in June, stepped down last week. e mentoring nonpro t has named the executive director of its Washtenaw a liate, Jennifer Spitler, as interim CEO.

Spitler led the Detroit-based nonpro t earlier this year, as well, when former CEO Jeannine Gant announced her plan to pursue new opportunities after leading the organization for seven years.

e decision for McKinney to depart was mutual, Spitler said.

“ e agency and Nicole decided it was not the right t. It was time to

move forward in a di erent direction for her and for the agency.”

McKinney said she was excited about the role and the things she accomplished in the time she was there.

“I am just looking for something that is more closely aligned with my interests and nonpro t experience.”

Spitler said there is no immediate timeline for naming a permanent

CEO.

e organization’s board is determining what kind of sta ng and organizational structure is needed moving forward, she said.

“We’re stepping back and assessing our options and looking at what we can do to build upon synergies,” said BBBS of Metropolitan Detroit board chair Kathie Patterson, chief human resource o cer at Ally Financial.

“ e organization is nancially strong. We feel good in terms of serving youth, but as we look ahead...it’s about what we can do to expand that reach and...leverage greater partnerships in the area with funders and other nonpro ts.”

Contact: swelch@crain.com; (313) 446-1694; @SherriWelch

Prosthetics and orthotics maker Wright & Filippis LLC announced it was victim to a large-scale ransomware attack.

McKinney Spitler

What she did have was abnormal cells throughout her right breast. To prevent the cancer from spreading, her Henry Ford Health team moved quickly to perform a mastectomy, followed immediately by microsurgery breast reconstruction—Henry Ford is one of few who can perform this joint procedure. After treatment, Cheron created CheronsSheroes.com, a website providing women with support during their breast cancer treatment. Discover Cheron’s story, and learn more about breast cancer screening at henryford.com/mammography

Radio personality Cheron Sanders’ breast cancer was discovered during a routine mammogram. She had no symptoms or family history of the disease.

After beating my own breast cancer, I’m tuned in to helping others with theirs.

WOMEN IN NONPROFITS

is diverse group of women are leaders in service and their communities. ey utilize their skills in leadership, nance, human resources, human service, fundraising, community development and more to champion their nonpro t’s mission and be scal stewards of donor funds.

Duc Abrahamson

Executive Director Asian Paci c American Chamber of Commerce

Duc Abrahamson wears many hats. She is the spokesperson for APACC, which facilitates business relationships among Asianowned and U.S.-based companies and promotes the economic advancement of Asian-Paci c Americans.

She also manages and evaluates programs and activities, provides leadership to the board and sta , allocates resources and develops organizational policy and programs.

Abrahamson has been creating strategic programs for nonpro ts since 2006. Before APACC, she worked with Wayne State University, Walsh College, Haven, the Epilepsy Foundation of Michigan and others.

Abrahamson also serves on the U.S. Global Leadership Coalition’s Michigan advisory committee, the International Business Services advisory council for Automation Alley, the President’s Community advisory group for WSU, the Corp! Magazine board of advisers and the global Inclusion Allies Coalition Advocacy Committee.

“In my experience, Duc is one of the most hard-working and creative individuals in the nonpro t sector with whom I have worked,” said APACC Chair Charley Meng, associate general counsel of Inteva Products LLC.

Kate Baker

Executive Director Oakland Housing Inc.

Under the leadership of Kate Baker, Oakland Housing, which recently reported revenue of $6.95 million, creates homeownership opportunities for middle-income buyers who might have di culty getting traditional nancing. A recent project was the development of North Pine Street Townhomes in North Corktown for renters who otherwise would have been priced out of their neighborhood.

Baker was key to Oakland Housing’s partnership with Robertson Brothers home builders and Superior National Bank & Trust, which o ered down-payment assistance for residents at Robertson’s Parc 54 project in Hazel Park.

As chair of Ferndale’s Planning Commission, Baker helped her hometown adopt a new master plan that prioritizes affordable housing. She also serves as programming co-chair of the Urban Land Institute of Michigan’s Housing & Community Development Local Product Council, incoming board president of the Detroit Artists Market and board secretary and member for One Michigan for Immigrants Rights.

Carmen Bender

Director of Strategic Initiatives, Detroit Employment Solutions Corp.

Carmen Bender deserves recognition for all she does, said Detroit Employment Solutions Corp. President Terri Weems.

Bender was a longtime human resources and organizational e ectiveness executive at utility and energy companies before joining the DESC.

She is responsible for program development and oversight of the DESC, which receives roughly $62 million from public and private sources and is part of Detroit’s Workforce Development Board.

Her work on the DESC’s Learn to Earn/Skills for Life program involved coordinating nine centers across Detroit and integrating an adult education provider. She also developed new systems that contributed to 90 participants completing their GED or receiving high school credentials since 2020 and assisting more than 500 participants restart their high school certi cation journey.

Bender has been a member of the American Association of Blacks in Energy, which awards scholarships to minority college students studying science, math and engineering.

Brooke Adams Director of Philanthropy Life Remodeled

Life Remodeled focuses on “the intentional and equitable revitalization of Detroit neighborhoods.” It renovates former school buildings into community “opportunity hubs,” repairs homes and mobilizes thousands of volunteers for its projects — all funded by the money-raising e orts of Brooke Adams.

Since 2014, the nonpro t, which had expenses of $2 million in 2020, has overseen the investment of $38.5 million in four Detroit public school buildings and their respective surrounding areas. It also has renovated 194 homes, beauti ed 1,810 blocks, boarded up 2,062 houses and engaged 72,276 volunteers.

Adams’ fundraising enabled the group to a ord 10 full-time sta members and two contracted employees. Her relationship-building with community groups has paved the way for its largest capital campaign: raising close to $30 million to renovate its next opportunity hub.

“Brooke is an insatiable fundraiser, and this appetite for fundraising is fueled by her desire for Detroit students and families to have equitable access to opportunities that lead to Detroit families thriving,” said Chris Lambert, the group’s founder and CEO.

Diane Banks Executive Director

Advancing Macomb

Strengthening Macomb County by connecting community challenges with high-impact solutions is the mission of Diane Banks’ organization. In less than three years with the nonpro t, Banks has attracted more than $1 million in direct community investments in the county and strengthened regional partnerships.

Banks previously served as program director for Leadership Macomb, where she collaborated with government, business and nonpro t leaders to create experiences for more than 300 adult professionals and high school students.

“When it comes to nonpro t leadership in Macomb County, all roads lead to Diane Banks,” said Katie Brisson, program vice president at the Community Foundation for Southeast Michigan. Banks is board secretary for the Macomb County Zoo Authority, a member of the Detroit Zoological Society board and an advisory board member for Winning Futures and Mount Clemens Recreation. She also leads the Macomb Nonpro t Roundtable and is a member of the Association of Fundraising Professionals and the Michigan Nonpro t Association.

Jennifer Bentley

Executive Director

Michigan State Bar Foundation

For almost six years, Jennifer Bentley has served as the executive director of the Michigan State Bar Foundation. e nonpro t, which has revenue of almost $13 million, advances access to and the administration of justice for low-income people.

Previously, she worked in legal aid, holding various positions, including sta attorney, managing attorney and chief development o cer.

e foundation provides funds for civil legal aid grantees, 59 percent of whose clients are people of color. In 2021, it helped 112,192 individuals.

In 2017, the organization led the e ort to centralize the Access to Justice Campaign and increase resources for 15 civil legal aid organizations throughout Michigan. Since then, nonpro t legal aid programs have experienced a 158 percent increase in donations from the legal community.

Bentley began serving on the leadership team of Michigan’s Justice for All Commission after urging its creation in a concept paper she submitted to the state Supreme Court. She also serves on Michigan’s Diversity, Equity and Inclusion Commission.

Amber Arellano

Executive Director

The Education Trust-Midwest

In 2010, Amber Arellano, who calls herself a “proud Latina,” started e Education Trust-Midwest to build a statewide movement for educational opportunity and quality for every Michigan child.

Since then, the group — an a liate of the $60 million nonpro t e Education Trust in Washington, D.C. — has become a leading nonpartisan voice and resource for public engagement campaigns and support for high-poverty public schools.

In 2020, Arellano convened a standing coalition focused on equity and education called the Michigan Partnership for Equity and Opportunity. Working with the Steelcase Foundation and veteran educators, she also founded the Center for Excellence in Teaching and Learning to provide greater support to educators.

“Working with Amber and her group over the past several years has been both a highlight and blessing,” said Ken Whipple, retired chairman and CEO of CMS Energy Corp. and chair of the Michigan Achieves Leadership Council.

Arellano started her career as a high school teacher, was a journalist at Detroit’s dailies and then became a fellow at the United Nations O ce of the High Commissioner for Human Rights in Switzerland.

Kara Beer President and CEO Battle Creek Area Chamber of Commerce

“Kara Beer is a pillar of the Battle Creek community and epitomizes every aspect that you want in a chamber president by being active in several community, state and national organizations,” said Debi Southworth, COO of OMNI Community Credit Union.

e Michigan Association of Chamber Professionals named Beer, who joined the Battle Creek organization 11 years ago, Chamber Professional of the Year.

Under her leadership, the chamber created diverse, equitable and inclusive programs to unite the community, including an annual Backyard Burgers & Brewsfest that attracts about 10,000 attendees and earned rare accreditation from the U.S. Chamber of Commerce.

Beer is also active on several professional boards and committees, including the U.S. Chamber of Commerce Committee of 100, Promise Zone, Calhoun County Visitors and Convention Bureau, and the Hospital Hospitality House board of directors.

Shaindle Braunstein

CEO

JARC

JARC provides residential services to adults with developmental disabilities and cognitive impairments. Under Braunstein’s direction, the nonpro t attened its administrative team — reducing administrative expenses from more than 15 percent of its budget to 5 percent — and shifted its fundraising e orts to focus on being more responsible stewards of donor funds. Her e orts enlarged the donor pool.

Over four years, Braunstein was responsible for reducing overtime from 33 percent, on average, to 17 percent; decreasing administrative costs while increasing the starting wage in its homes by nearly 50 percent; eliminating its unrestricted de cit and completing two successful audits.

“In addition to being a strategic thinker, Shaindle is an exceptional problem solver,” said Steven Ingber, CEO of the Jewish Federation of Metropolitan Detroit. “She is very intelligent, with expertise in technology and nance — areas that have served her well. She is always looking for new ways to reduce costs, improve processes, and deliver better results.”

METHODOLOGY: The leaders featured in this Notable Women in Nonpro ts report were nominated by their peers. A team of Crain’s Detroit Business editors then selected honorees based on their career accomplishments, track record of success in their eld, contributions to their community and mentorship, as outlined in the detailed nomination and candidate eligibility forms. Notable Women in Nonpro ts was managed by Leslie D. Green, lgreen@crain.com, and written by Evan Cooper. For questions about this special report, contact Notables Coordinator Ashley Maahs at notablesdetroit@crain.com.

Help the child | Preserve the family | Strengthen the community

The Franklin Wright Settlements, Inc. Board of Directors, staff and volunteers congratulate our President and CEO Monique Marks on this prestigious recognition.

You are, indeed, a notable Woman in the Nonprofit corporate sector. Thank you for your commitment, dedication and compassion for those you serve!

This is a well-deserved honor!

Monique Marks, LMSW

Cassie Brenske Chief Development O cer Detroit Riverfront Conservancy

e more than $135 million that Cassie Brenske has raised since joining the Detroit Riverfront Conservancy as its rst chief development o cer in 2017 is helping make its mission to revitalize and transform the city’s riverfront into a reality.

Brenske came to the Conservancy after six years with the Detroit Symphony Orchestra, where she spearheaded the creation of two donor groups that increased the number of donors giving $2,500 or more to 500 from 160.

At the Riverfront Conservancy, she has grown the annual donor base to more than 1,000 from 300 and raised $475,000 this year, beating the $320,000 goal.

“People love the Detroit Riverfront, and Cassie has provided opportunities for them to translate that love into direct support. She has built one of the strongest fundraising teams in Detroit and has done so without the traditional infrastructure of larger, legacy organizations,” said Conservancy CEO Mark Wallace.

Katie Brisson Program Vice President Community Foundation for Southeast Michigan

Under the leadership of Katie Brisson, the Community Foundation has launched multi-funder collaboratives such as the Michigan Opioid Partnership; the Community Policing Innovations Initiative; the Detroit Journalism Engagement Fund, which seeks to advance quality local journalism while re ecting the perspectives of diverse constituencies and communities; and the Pontiac Funders Collaborative, which has led to over $3 million in investments.

Brisson, who was promoted to her position in 2012, was key to the foundation awarding 5,000 grants totaling $103 million in 2021. She also has increased the representation of Black, indigenous and people of color in her department to 50 percent from 27 percent and applies a lens of diversity in all the group’s grants.

“Katie has been a critical adviser and valued partner to our group and is a steady and thoughtful leader whom we are so fortunate to have in our region,” said Maura Dewan, vice president of corporate a airs at the Ralph C. Wilson, Jr. Foundation.

Allandra Bulger Executive Director Co.act Detroit

Allandra Bulger, the inaugural executive director for Co.act Detroit, spearheaded the launch of a hub designed to push against barriers limiting the growth, evolution and sustainability of nonpro ts in Southeast Michigan. She does this, in part, by building and maintaining partnerships with a wide range of philanthropic, nonpro t, governmental and private-sector stakeholders.

“Allandra is a trusted connector who builds authentic relationships. People feel encouraged in her presence because her leadership builds people up and elevates their sense of possibility,” said Kelley Kuhn, president and CEO of the Michigan Nonpro t Association.

She worked with e Skillman Foundation, which gave $600,000 to support BIPOC-led, youth-serving organizations; the Ralph C. Wilson Jr. Foundation, which donated $4.7 million; the McGregor Fund, whose $300,000 in unrestricted funding will help grow internal leadership and develop diverse partnerships; and the Kresge Foundation, which donated $1.9 million to serve nonpro ts in Detroit, Hamtramck and Highland Park.

Tammy Carnrike COO

Detroit Regional Chamber

Tammy Carnrike is responsible for governance, events and programming, leadership initiatives, fundraising and daily oversight of one of the largest metropolitan chambers of commerce in the United States.

A leader in chamber management, Carnrike has served as chair of the U.S. Chamber’s Institute for Organization Management board of trustees and as a member of the American Chamber of Commerce Executives board. She has achieved the group’s highest professional designation as a certi ed chamber executive and serves on the Michigan advisory committee of the U.S. Global Leadership Coalition and the National Rainmakers Council for metropolitan chambers of commerce.

“As a longtime recognized national leader in the business association community, Tammy Carnrike has e ectively imported best practices to the Detroit Regional Chamber, which has a direct impact on our organization’s e ectiveness and the region as a whole. Her extensive network of friends and supporters extends her in uence far beyond her o cial Chamber duties,” said Chamber President and CEO Sandy Baruah.

Brandee Cooke-Brown Executive Director 100K Ideas

Since joining 100K Ideas shortly after its 2017 launch and becoming executive director in 2020, Brandee Cooke-Brown has helped focus the organization’s purpose, work and ability to engage with the local Flint community. 100K Ideas seeks to relieve the entrepreneurial burden innovators face and help them, through mentorship, create products and services that can fuel startup businesses.

Toward that end, Cooke-Brown created a competition called Pitch For $K to provide “no-strings-attached” funding to idea-stage businesses.

Named a member of Flint & Genesee Group’s 40 Under 40 Class of 2022, she serves on the boards of Flint’s Downtown Development Authority, its Police Foundation and the Creative Expressions Dance Studio. She is also a member of the Community Foundation of Greater Flint’s Women and Girls Fund Advisory Committee.

“Brandee Cooke-Brown is the perfect blend of professional and relatable,” said Shaquila Myers, a senior adviser in the governor’s o ce. “Her passion to help people and help build real opportunity for others in Flint is amazing to see.”

TERRI WEEMS CARMEN BENDER

Detroit at Work congratulates both our Crain’s 2022 Notable Women in Nonprofits honorees

President Detroit Employment Solutions Corporation

Director of Strategic Initiatives Detroit Employment Solutions Corporation

Marti Coplai

President and CEO Angela Hospice

Marti Coplai transitioned from a career in marketing to health care after becoming a hospice volunteer in 2001. She worked at two facilities before becoming executive director at Livonia’s Angela Hospice in 2015 and becoming president and CEO in 2019.

“A strategic visionary, Marti has expanded the scope and services of Angela Hospice,” said David Ward, a member of the Angela Hospice board of directors. “She developed a robust tele-hospice program in collaboration with the Ralph C. Wilson, Jr. Foundation, through which patients and their family members can access expert nursing and social work help at any hour of the day.”

Coplai is a master trainer in the Best Friends approach to dementia care and was consecrated as a Diakonal Minister by the Christian Health and Human Services Ministry. She serves on the advisory board for e Senior Alliance and the Catholic Funeral and Cemetery Services for the Archdiocese of Detroit.

Gwendolyn Daniels

CEO

Institute for Population Health Inc.

Gwendolyn Daniels began leading the Institute for Population Health in 2016 when its contract with the city of Detroit ended, and the budget shrank from $20 million to $1.8 million.

“Dr. Gwendolyn Daniels has transformed the Institute for Population Health, taking anancially and programmatically challenged health program and nurturing it to become a high-quality, federally quali ed health care center,” said Kathleen Alessandro, executive director of Everybody Ready.

Because of her leadership, the nonpro t receives more than $2 million in federal funding to provide services to 10,550 patients. She also created the Healthy Start Detroit Program to reduce maternal and infant mortality, which has received more than $10 million in federal funding to service 2,000 mothersto-be and their families.

Under her direction, IPH earned several awards in 2022 from the U.S. Health Resources and Services Administration, including the Access Enhancer Award, Health Disparities Reducer Award and Advancing Health Information Technology for Quality Award.

Sharman Davenport

President and CEO Turning Point

A clinical psychologist, Sharman Davenport leads Mount Clemens-based Turning Point, which helps victims and survivors of domestic and sexual violence regain control of their lives. With its $4.7 million budget, Turning Point operates an emergency shelter and a crisis line that handles an average of 1,000 calls monthly.

“Sharman sees community needs and assertively seeks to ll those gaps by securing funding and building capacity in her sta — all to improve outcomes for survivors. She’s an exceptional leader,” said Ilene Bischer, chair of Turning Point’s board of directors.

Over the past four years, Davenport has increased funding by about $2 million, enabling Turning Point to nearly double its budget. During the past two years, the nonpro t has provided safe housing to more than 100 individuals and their children.

Jennifer Dutch COO Humble Design

Jennifer Dutch and her team at the $4.9 million nonpro t Humble Design help change lives and communities by furnishing the homes of families and veterans emerging from homelessness.

Dutch has been integral to Humble Design’s expansion from three to ve cities. e Pontiac-based nonpro t now supports residents in the Chicago, Cleveland, San Diego and Seattle areas and those in metro Detroit.

Under her leadership, Humble Design furnishes up to 13 homes per week, engages thousands of volunteers and helps donate more than two million pounds of furniture annually. at work draws on Dutch’s experience in logistics and operations management in various industries, from Fortune 500 corporations to startups.

“Jennifer has built an integrated system within an existing organization that allows for its growth and continued success,” said Humble Design Founder and CEO Treger Strasberg. “Without her extensive knowledge of operations, logistics and administration, our nonpro t would be signi cantly less impactful.”

Jill Elder Vice President and Chief Revenue O cer

Detroit Symphony Orchestra

In the past three years, the Detroit Symphony Orchestra has faced a signi cant pandemic-related loss of earned revenue, a major ood that devastated the concert hall, transition to a new CEO and a music director.

“ roughout that time, Jill Elder has led by example and provided strategic counsel and guidance to the board, the team and the leadership,” said Jim Vella, CEO and founder of Vella Strategic Philanthropy, a member of the DSO’s board of directors and chair of its nominating and governance committee.

Elder joined the DSO in 2017 as vice president and chief development o cer after a 20-year career with the American Cancer Society. With her guidance, the DSO created the Detroit Strategy to provide collaborative musical experiences and facilitate the opportunity for every child in Detroit to have access to music education. Over the past four years, her work on the Symphony’s Impact Campaign has helped raise $43 million toward its $75 million goal.

Foley COO Catholic Charities of Southeast Michigan

Trained as a social worker and therapist, Andrea Foley joined the Catholic Charities of Southeast Michigan 20 years ago, working her way up to leadership positions.

Now, she supervises operations for the organization, which spent $7.6 million on programs in 2021 to serve more than 20,000 people at 12 locations in the six counties that comprise the Archdiocese of Detroit.

Foley leads programs dealing with adoption and foster care, mental health and substance-use counseling, soup kitchens, food pantries, senior volunteer programs and adult day programs. Most recently, she helped launch a refugee resettlement and a food program that makes deliveries to homebound seniors.

e last 10 years have been a challenge, with the Archdiocese consolidating six social service agencies into one and Foley serving under four di erent CEOs.

“Andrea has held it all together and trained a core group of a dozen managers for our various programs and ensured stability,” said Catholic Charities CEO Paul Propson. “She is also an accomplished grant writer, acquiring millions of dollars in grant funding through the pandemic to maintain and expand our many programs.”

Mary Lynn Foster CEO Michigan Region American Red Cross

After many years of executive experience at major corporations and nonpro ts in Ohio, Mary Lynn Foster returned home in 2019 to serve as the head of the Michigan Region of the American Red Cross.

She oversees 62 full-time employees and more than 2,000 volunteers across a network of six chapters. Under her leadership, the Red Cross exceeded the group’s fundraising budget by 32 percent, collected more than 163,000 blood units, installed 6,700 free smoke alarms and increased the minimum wage to $15 per hour.

“Mary Lynn is a strategic thinker, which is a critical and necessary skill to oversee the Michigan Region. At the same time, she is warm and genuine and routinely demonstrates gratitude to her team of volunteers and employees,” said Je ry Bauer, COO of the American Red Cross Michigan Region.

Pamela Good Co-founder and CEO Beyond Basics

When Pamela Good visited an inner-city Detroit school 20 years ago to deliver coats to needy students, she quickly found out the students needed more than clothes: Many of them could not read.

She co-founded Beyond Basics to provide one-onone tutoring sessions that help K-12 students reach appropriate grade-level vocabulary and comprehension skills. e organization, which works with teachers and principals in 23 locations and has touched the lives of 90,000 children, has published 75,000 student books and delivered nearly 40,000 coats.

“We are in a literacy crisis. at’s why we have invested in Beyond Basics,” said Terry Rhadigan, vice president of corporate giving at General Motors.

Good earned the Detroit Red Wings’ 2021 Game Changer award and was named one of the 2021 Women Who Lead by WJR-AM 760.

Lenora Hardy-Foster

President and CEO Judson Center

“Lenora Hardy-Foster is a dynamic, passionate leader with boundless energy to serve. To call her only ‘notable’ would be an understatement of her immense heart and talent,” said Tricia Ruby, president and CEO of ruby+associates and a former Judson Center chair.

Judson Center is a 98-year-old human services agency serving nearly 12,000 children, adults and families experiencing abuse, neglect, autism and developmental, behavioral and physical health challenges.

When Hardy-Foster became CEO in 2016, the nonpro t had a $16.5 million annual budget. She has since grown the budget to $30 million.

Her accomplishments also include combining Judson’s behavioral health and primary health services into a one-stop clinic in Warren, opening an autism treatment center and diagnostic clinic in Flint and championing Judson’s certi cation as a Michigan Community Behavioral Health Clinic.

In addition to other nonpro t board service, Hardy-Foster is vice president of the Michigan Federation for Children and Families, board chair of Incompass Michigan and treasurer and chair of Hannan Center’s nance committee.

Mia Harnos COO Wayne Metropolitan Community Action Agency

For Mia Harnos, who has spent 17 years with the agency, managing its explosive growth has been her greatest challenge.

“Mia brings tremendous passion, relentless grit and a creative air to her role as COO,” said WMCAA CEO Louis Piszker. “She has a big personality and is highly competitive. But she is also humble and cares deeply about people, our community and our sta .”

Harnos and her teams have grown the agency’s budget from $50 million in scal 2020 to more than $315 million in scal 2022. ey also doubled its workforce to 880 employees in response to pressing issues such as emergency housing, eviction prevention and safe housing for immigrants and refugees. And they maintained 85 percent Head Start enrollment, which is well above the nation’s average.

Moreover, Harnos was integral to WMCAA’s creation and implementation of the Wayne Metro Gateway, which enables the nonpro t to provide services more quickly than in the past.

Harvey Quinn

Backed by 20 years of nonpro t leadership experience, Alia Harvey Quinn founded Force (Faithfully Organizing Resources for Community Empowerment) in partnership with the Faith in Action National Network and the Ford Foundation. She has grown Force, which focuses on violence prevention, from her initial $100,000 investment to a $1.7 million organization.

With her leadership, the nonprofit became one of the 52 national White House community violence intervention or CVI initiative partners and secured $500,000 from the state of Michigan. Force gained 501(c)3 status earlier this year and distributed $120,000 to grassroots safety organizations.

Quinn is working with legislators to ensure that CVI is recognized as crisis work.

“She has a vision to create a freer, safer, more just Detroit… Alia’s vision for Detroit draws upon evidence-based practices nationally and is uniquely and appropriately tailored to local dynamics in Detroit,” said Heidi Alcock, director of grant development and communications for the McGregor Fund.

LaDonna Holley

Senior Vice President Presbyterian

Villages of Michigan

An executive with Presbyterian Villages of Michigan since 2007, LaDonna Holley is responsible for human resources, organizational development, a ordable housing operations and training and development.

She also serves as the nonpro t’s chief diversity ocer, leading the charge for the South eld-based nonpro t’s commitment to diversity, equity, inclusion and justice as it provides human services, shelter and residential care and senior-assisted housing.

Holley led the board in streamlining an organizational DEIJ framework. She also provided paid summer internship opportunities for students interested in nonpro t careers in the senior industry.

In addition, Holley is a member of industry organizations and a member of the Vista Maria Housing Board.

“LaDonna is the shining star of accountability. She is always willing to accept responsibility and has a persuasive and kind, yet rm, nature that gently pushes the executive team to remain accountable as well,” said Katrina Summersett, the nonpro t’s director of risk and quality.

Andrea

Alia

Founder and Executive Director Force Detroit

Darienne Hudson President and CEO United Way for Southeastern Michigan

Before heading up the United for Southeastern Michigan, Darienne Hudson was superintendent of Milwaukee’s public schools.

During her tenure, United Way has served as the region’s Early Childhood Support Network by supporting 11 counties and the 5,000 providers and 300,000 children in their care. e United Way launched ve community schools and buoyed the Connect313 coalition working to address digital inequities. e nonpro t partnered with Henry Ford Health System, Gleaners Food Bank of Southeast Michigan and other nonpro ts to implement a data-sharing system that will provide insight into how to better provide care to those in need.

Moreover, United Way launched its Racial Equity Fund, which in the past two years has donated $1 million and provided supplemental support to BIPOC-related organizations.

Under Hudson’s direction, Crain’s named United Way one of its 2021 Best Managed Nonpro ts. Hudson serves on numerous boards.

“Dr. Hudson combines intellectual and emotional talents that rarely exist among leaders,” said Hassan Jaber, past president and CEO of ACCESS. “She leads with her heart and true love of people and justice.”

Kristian

Hurley

Executive Director American Heart Association Southeastern Michigan

e regional American Heart Association named Kristian Hurley executive director in 2021.

“Over the past two years, a trying time for all, Kristian led her team to communicate our life-saving messages in impactful ways and helped implement programs that focused on health equity and reducing disparities,” said Katherine Knoll, senior vice president for the northern region of the American Heart Association.

Hurley was integral in implementing the regional organization’s Empowered Clinicians initiative to improve hypertension control rates in clinical settings by improving access to healthy food, physical activity and patient education in rural communities. She also led a program focused on improving outcomes for the survival of cardiac arrest by improving community access to blood pressure cu s, hands-only CPR training and education.

In addition, Hurley serves on the boards of Habitat for Humanity of Michigan and the Friends of the Pontiac Parks Association.

Maureen Donohue Krauss

President and CEO Detroit Regional Partnership

Maureen Donohue Krauss began leading the Detroit Regional Partnership in June 2020. She previously served as chief economic development o cer of the Indianapolis Chamber of Commerce and held economic development positions with Macomb and Oakland counties.

Krauss recently led the Global Epicenter of Mobility initiative, an area-wide collaborative e ort around the shift to electric vehicles. She was crucial to the organization garnering a $52 million grant — one of the largest in the nation — to help local talent and small to medium-sized businesses gain access to the resources needed to make the transition.

Because of her e orts, Krauss received the 2022 Regional Ambassador Award from the Southeast Michigan Council of Governments for making the region “a better place to live, work and raise a family.”

“She is a erce advocate for the region. Whether creating jobs or connecting businesses with incentives, Maureen and her team have earned the trust of companies and communities to nd creative solutions to challenges,” said SEMCOG Chair Chris Barnett, supervisor of Orion Township.

Gloria Lara Executive Director Lakeshore Ethnic Diversity Alliance

“Gloria is a key in uencer in the Holland/Zeeland area, keeping our community focused on making progress to more equitable policies, practices and outcomes so that all members of our community can thrive. She is at the center of many community initiatives, including distribution of ARPA (pandemic-related) funds, a community anti-racism pledge, community strategic planning e orts and more,” said Mike Goorhouse, president and CEO of the Community Foundation of the Holland/Zeeland Area.

Gloria Lara became head of the Lakeshore Ethnic Diversity Alliance in 2019. e nonpro t’s mission is to foster an environment where people of all ethnic backgrounds have an equal opportunity to lead a quality life. She led LEDA’s statewide virtual town hall called “Critical Race eory — What It Is and What It Isn’t” that attracted more than 800 people.

In addition, Lara is a Michigan Civil Rights Commission member and serves on several boards of directors, including Spectrum Health West Michigan and the Frederik Meijer Gardens & Sculpture Park.

Congratulations to JARC CEO

Shaindle Braunstein

Shaindle’s commitment to JARC has led the organization to new heights in fundraising, programs, technology, diversity, and more. JARC is honored to have a dynamic leader with such passion for our mission and the people we serve. jarc.org | 248.940.2617

The Oakland Housing board is both proud and thankful for your outstanding leadership in helping us accomplish our mission of helping middle income families get better housing. Your hard work, ingenuity, perseverance, creativity, and sincere care for our clients is deeply appreciated.

The Oakland Housing Board of Directors

Jacqueline Lovejoy President and CEO Dearborn Area Chamber of Commerce

As head of the Dearborn Area Chamber of Commerce, Jacqueline Lovejoy’s team uses its Certi cate of Origin practice to help Dearborn’s diverse group of national and small businesses export products world wide. at work in cludes processing documents that alleviate taxes, tar i s and other charges to make com panies more competitive.

Like many organizations, funding to the Dearborn Area Chamber of Commerce was sidelined during the rst year of the pandemic. Lovejoy weathered the hardship with her team by creating 70 virtual events to keep the community connected and informed.

Back on track, she has increased the Chamber’s budget to $500,000.

“Jackie is a leader in our industry. e depth and breadth of the pro gramming her team has created is amazing,” said Joe Bauman, presi dent of the Birmingham Bloom eld Chamber of Commerce and chair of the Michigan Association of Cham ber Professionals.

Lovejoy serves on the boards and committees of several nonpro ts and municipal organizations.

Linda Lutz

Vice President, Chief Administrative O cer and CFO

Detroit Symphony Orchestra

Linda Lutz leads the DSO’s nan cial planning and reporting, cash and risk management, building op erations, security, information tech nology and human resources. e or ganization report ed revenue of nearly $28 million in 2021.

During the early years of the pan demic, the DSO’s former CEO, the late Anne Parsons, took a medical leave of absence. Lutz partnered with the DSO’s other vice presidents to lead the institution through Par sons’ initial absence and prepare for a new CEO.

Highlights of Lutz’s career in clude putting the Symphony’s pen sion plans on sounder nancial footing by leveraging a real estate asset that eliminated $20 million in debt and increased annual operat ing cash ow.

“Linda has led the institution through a nancial transformation, driving best practices and steward ship, building a foundation for sus tainability and growth for one of Detroit’s cultural gems,” said DSO Chair Mark Davido , president and CEO of the Fisher Group.

Lutz is a member of the Midtown Detroit board and a trustee of the DSO Musicians’ Retirement Fund and the International Alliance of eatrical Stage Employees Local 38 and 812 Pension Fund.

Angela Madden Executive Director Michigan Association of Ambulance Services

Angela Madden, who has more than 20 years of government and lobbying experience, has been lead er of the Lansing-based Michigan Association of Am bulance Services since 2016.

With the help of a few contracted partners, Madden e ectively is the or ganization, which has a budget of about $330,000.

“After a yearlong campaign under Angela’s leadership, our organiza tion was able to secure additional Medicaid funding through dramati cally higher reimbursement rates, which we hadn’t been able to ac complish in more than 20 years,” said MAAS President Jason Mac Donald.

As The Education-Trust Midwest celebrates 10 years of being a trusted, data-driven, non-partisan organization working on behalf of all students, but especially the most underserved, we are grateful for your leadership and advocacy!

Thank you for helping to build an opportunity movement for all of Michigan’s students - and for working tirelessly alongside many partners to make our state a top ten state for public education by 2030, one of our organization’s goals.

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Madden’s work included a strate gic lobbying and social media cam paign that reached 138 million resi dents and resulted in a $12.9 million increase in expenditures for EMS services.

“She also secured $30 million in training dollars to help alleviate the sta ng crisis our agencies are fac ing,” MacDonald said.

Monique Marks

President and CEO

Franklin Wright Settlements Inc.

“Few are more focused on the needs of our families, children and seniors than Monique Marks. She is quali ed, capable and a true asset to the citizens of Detroit,” said De troit Mayor Mike Duggan.

Founded in 1881, Franklin Wright Settlements is a Detroit-based neighborhood hu man service orga nization that assists with basic life, family and social needs.

Under Monique Marks’ long leadership, the $4 million nonpro t annually serves 19,100 food-pro gram participants and provides 20,160 hours of early start educa tional services, 3,179 out-of-schooltime services and 1,175 therapeutic service hours to families. She has also expanded Franklin Wright’s services to senior citizens, o ering more than 300 people home care and an activities program that al lows mobile seniors to visit its facili ty daily for food, activities, exercise and friendship.

Marks, who received the Michi gan Chronicle’s Women of Excel lence Award, is a National Associa tion of Social Workers member.

Patricia Mooradian President and CEO

The Henry Ford

“Patricia has strategically designed e Henry Ford to attract millions of visitors each year, both digitally and physically, to experience American history, values and real potential,” said Henry Ford Chair S. Evan Weiner, CEO of Edw. C. Levy & Co.

e rst female

CEO in e Henry Ford’s 90-year history, Patricia Mooradian has grown e Henry Ford dramatically in size, scope and reach.

Under her leadership, e Henry Ford grew the endowment 73 percent to $450 million, increased attendance by 43 percent and raised more than $50 million from the start of the pan demic in March 2020 to September 2022 by adopting a virtual fundraising platform. Her team also began using technology to increase membership, gaining 50 percent more members.

e nonpro t launched the CBS TV series “ e Henry Ford’s Innova tion Nation” nine years ago. e pro gram has won three Daytime Emmy Awards, is distributed in 64 countries, streams on HBO Max and attracts about 1.2 million viewers weekly.

Mooradian’s team embarked on a strategic diversity, equity, access and inclusion initiative that included part nering with Historically Black Col leges and Universities, establishing a racial experience advisory team and developing more diverse content. ey also developed inHub, a plat form that allows educators worldwide to access curriculum resources. ere are 388,000 participants.

Jodee Raines

COO New Detroit

New Detroit’s mission is to dis mantle racism in metro Detroit.

When Jodee Raines joined the nonpro t in 2021, e nonpro t had just averted bankruptcy, and the sta was stressed.

Raines has since worked to restruc ture the 51-mem ber board into two bodies, a govern ing board and a committee that can help advance anti-racist policies and practices. She also wrote a grant to e Skill man Foundation to allow New De troit to retain a consultant to survey DEI directors and design solutions to address burnout and turnover is sues among corporate DEI leaders.

“I’ve seen Jodee take vague con cepts that are unclear to everyone else and get it done,” said Anika Goss Foster, CEO of Detroit Future City.

Before joining New Detroit, Raines was executive vice president of the Fred A. and Barbara M. Erb Family Foundation. ere, she man aged a $12 million budget and helped the nonpro t provide 700 grants totaling $107 million to 160 organizations.

Fayiza Nabilsi

Director of Bryant Market & Facilities Community Action Network

Ann Arbor-based Community Action Network operates the Bryant Market, the county’s largest food pantry, which last year distributed roughly 1.5 million pounds of food to people in need.

Fayiza Nabilsi was a client and decadelong volun teer at the pantry before being asked to run the food program. Two years ago, she was promoted to her cur rent position.

Under her leadership, the center hosted a back-to-school barbecue and donated more than 100 age-ap propriate backpacks to community families. Included was a $100 gift card for each child to purchase clothes, shoes and school supplies. e center also conducts a summer camp to combat summer learning loss among elementary school stu dents.

“Fayiza’s compassion and care for the work she does embodies every thing we like to see in our site direc tors,” said CAN Executive Director Derrick Miller. “She is supportive to her sta , humanizes our clients and embraces all the diversity that walks through the doors of her site.”

Lisa Nuszkowski President M-1 Rail

Lisa Nuszkowski has spent her professional career on the streets of Detroit, rst as founder and head of a nonpro t bike-share system MoGo and then as project lead for Open Streets De troit. MoGo now o ers 620 bikes at 75 stations around Metro Detroit.

Since joining M-1 Rail as transition director in July 2020, Nuszkowski negotiated a termination agreement with the system’s former operator and creat ed an internal infrastructure that grew from two full-time employees to 45 employees, plus 15 mainte nance and facilities management contractors.

Nuszkowski, a Crain 2016 40 Un der 40 alum, spearheaded signi cant rail service improvements and created partnerships that brought musical performances to the street cars and wrapped them in artwork.

“Lisa stepped up to ll the role of president at M-1 Rail at a particular ly challenging time. Under her lead ership, we brought QLine opera tions in-house and relaunched passenger service, resulting in sig ni cant improvements to the quali ty and reliability of service, strength ened relationships with the community, and steady increases in ridership,” said M-1 Rail CEO and Jack Entertainment Chair Matthew Cullen.

Stephanie Osterland CEO

Habitat for Humanity Detroit

Stephanie Osterland led Habitat for Humanity of Oakland County for eight years before taking over the struggling Detroit organization in 2020. She rebuilt a strong team and relationships with donors and identi ed sustainable funding models.

Since then, the organization has tripled the number of clients served, revived its e orts to build and rehab homes, relaunched its home repair program and created a nancial ed ucation curriculum for new home owners.

Osterland also led the creation and funding of an internal down-payment assistance fund to help families overcome a ordability challenges, ensuring that families can still a ord the home when an appraisal comes in higher than ex pected.

“She is one who works tirelessly behind the scenes to serve the com munity,” said Kim Howard, director of community and culture at Cul tureSource.

Osterland is a Great Lakes Wom en’s Business Council board mem ber, where she serves on the loan review committee. She also belongs to the Homeownership Workgroup with Detroit Future City, Wayne County Veterans Community Ac tion Team and the Home Builders Association of Southeast Michigan, among other organizations.

Jenny Poma COO

Lighthouse MI

Since 2019, Jenny Poma helped establish Lighthouse’s rst DEI committee in 2021 and managed $22 million in Covid Emergency Rental Assistance funds, allowing Lighthouse to serve an additional 4,200 people.

Her biggest ca reer win was being part of the core team that led due diligence on the merger of South Oakland Shelter and Lighthouse of Oakland County to create Lighthouse MI. Afterward, Poma led the team to establish a new permanent emergency family shelter to increase capacity and re structure food distribution to in clude delivery, allowing the non pro t to serve “20 times more people facing food insecurities.”

Poma is on the board of Continu um of Care, e Alliance for Hous ing.

“I do not think I know anyone in our eld with the level of commit ment and productivity that Jenny exhibits,” said Lighthouse President and CEO Ryan Hertz. “I am person ally inspired by her ability to accom plish so much on a regular basis.”

Michelle Reaves Executive Director Detroit Area Pre-College Engineering Program

Michelle Reaves has been working to prepare and motivate underrepre sented youth for careers in science, technology, engineering and math since joining the Detroit Area Pre-College Engi neering Program in 2011.

“Michelle is mak ing a real and visible change in the lives of our youth. She has parlayed her years of experience working with stu dents, universities, corporations and government entities into developing unique and valuable programming for youth who otherwise would not be a orded the opportunities to see what robotics, computer program ming and engineering look like up close,” said Stephen Lewis, the pro gram’s board president.

Appointed the group’s executive di rector in 2016, Reaves has increased enrollment by 232 percent to 13,306 students in 2021 from 5,730 students.

Reaves also leads the Preparing African American Males in Energy and Education Project, underwrit ten by the National Science Founda tion. PAAMEE has prepared 240 Black males for renewable energy and power generation careers.

Marian Reich President Global Ties Detroit

In 2012, the board contemplated shutting down the then-named International Visitors Council of Metropolitan Detroit, which hosts international exchange programs on behalf of the State Department. en they named Marian Reich executive director.

Under her direction, the organization rebranded, renaming the nonpro t Global Ties, stepped up fundraising, and added revenue-generating programs, including professional fellowships for entrepreneurs to work in Detroit and reverse exchanges for Detroit professionals to work overseas.

Moreover, she grew the budget by almost 700 percent and increased the number of international visitors hosted annually from 150 to more than 500.

Reich’s e orts have garnered international attention and allowed her to participate in U.S. Department of State and other exchanges, including a visit to the WorldEXPO in Dubai this year.

“Marian’s work has increased Global Ties’ impact in Detroit, which has been recognized particularly in the business community. is has helped us transform the board of directors and attract diverse leaders from a wide range of organizations, including GM, DTE, the University Research Corridor, MEDC, Visit Detroit and more,” said Steven Rybicki, senior vice president of the events group at Continental.

Diane Renaud Executive Director and CEO St. Vincent and Sarah Fisher Center

“Diane is able to in uence significant innovation in the nonpro t sphere,” said Tracy Hall, executive director of the o ce of metropolitan impact at the University of Michigan-Dearborn.

“Leading St. Vincent and Sarah Fisher Center through an exciting transformation that involved evidence-based strategic planning, rebranding and signi cant stakeholder coalition building, Diane expanded the center’s work tenfold to serving well over 1,000 students annually.”

Diane Renaud joined the St. Vincent and Sarah Fisher Center in 2010. e center provides educational programming and basic skill-building for at-risk children and adults.

In recent years, Renaud launched a private capital campaign that has reached nearly 75 percent of its goal. e funds helped her negotiate and manage the cash purchase of a home to replace the rented one the nonpro t had outgrown. e purchase allowed the center, which spends about $1.57 million annually on programming, to increase educational o erings.

Renaud created a partnership to model that added ve satellite locations and negotiated a new contract with the city of Detroit that allowed the center to add two new programs and surpass its goal of GED graduates.

Laura Richardson Chief Advancement O cer Math Corps

Math Corps, an enrichment and mentoring program for middle and high school students, began at Wayne State University in 1992. Leaders turned Math Corps into a nonpro t in 2018 to replicate its model throughout the country.

Enter Laura Richardson in 2020. She had ve months to raise at least $1 million to support a summer camp program and a newly formed national o ce.

Today, Math Corps Detroit and its eight sites across the nation are on secure nancial footing.

Math Corps exists to make a difference in the lives of children, said Steve Kahn, WSU professor of mathematics and director of the Center for Excellence and Equity in Mathematics.

“ anks to Laura’s e orts, the Math Corps is now successfully operating sites at the University of Michigan, Oakland University and the University of Michigan — Dearborn. Outside of Michigan, Laura’s work has enabled the development of sites in Philadelphia, Cleveland, Atlanta and Toledo,” he said. “To be clear, it is quite possible that these sites would not be operating absent Laura’s e orts.”

Jennifer Roccanti Executive Director

On My Own of Michigan

On My Own of Michigan, a 2022 Crain’s Best Managed Nonpro t winner, makes independent living possible for people with developmental disabilities.

Since joining the nonpro t, Jennifer Roccanti has directed a new strategic plan, led Commission on Accreditation of Rehabilitation Facilities accreditation, initiated an operating reserve and implemented a program model that helps On My Own better meet clients’ needs and reduces costs to their families.

Under her leadership, the nonpro t plans to launch “a two-year residential college-like program for young adults with developmental disabilities,” called Independence College, in 2023.

Jenn Roccanti has been a blessing,” said On My Own President Dave Konop, a principal of KPMG. “She has excelled when it comes to hiring and managing sta and supporting our clientele and partners (and) has been instrumental in the nancial management of the organization and the recruitment of highly quali ed board members and advisers.”

Elana Rugh

LaDonna Holley

Embrace the possibilities

Presbyterian Villages of Michigan (PVM) creates opportunities for seniors of all faiths, connecting seniors to resources and their community for a vibrant life.

Chanell Scott Contreras Executive Director

ProsperUs Detroit

In 2020, Chanell Scott Contreras led the transition of ProsperUs Detroit from an 8-year-old Southwest Solutions program to an independent, nonpro t community development nancial institution that makes microloans and assists minority entrepreneurs with training and education.

Contreras is a 2021 Crain’s 40 Under 40 honoree and 2022 Crain’s Detroit Homecoming Hero. e Community Economic Development Advocates of Michigan named her 2021 Leader of the Year.

She successfully led the nonprofit’s e orts to gain more than $1.78 million in new federal funding from the Treasury’s CDFI Fund, the Small Business Administration, and a Congressional Community Project award to support low-to-moderate income entrepreneurs in Detroit. Since launching in 2017, ProsperUs approved 139 microloans totaling $3 million for BIPOC entrepreneurs. In the rst half of the year, ProsperUs Detroit nearly doubled its deployment of loan dollars over 2021 deployments.

Before joining ProsperUs, Contreras worked on a range of community and economic development initiatives with organizations, including Kiva in Detroit and the Evergreen Cooperatives in Cleveland.

President

and CEO Detroit Historical Society

Elana Rugh joined the Detroit Historical Society in 2018 and set out to develop e ective new strategies to be nancially sustainable, provide meaningful experiences for visitors and sta as they preserve and share Detroit’s past and be inclusive and equitable.

“ e Detroit Historical Society has regained a place of prominence and leadership within Detroit’s cultural community because of Elana’s consistent work to build relationships ... within this group. While on its face, this may seem inconsequential: e practical bene ts are substantial and range from having in uence in signi cant decisions that will have decadeslong rami cations for the entire cultural district to garnering attention and securing increased support from funders — including the city of Detroit — that hasn’t been evident for many years,” said Rebecca Salminen Witt, Detroit Historical Society chief marketing and strategy o cer.

Also, under Rugh’s leadership, the historical society conceived of and successfully executed Detroit 67: Perspectives, an exhibit re ecting on the 1967 rebellion that garnered worldwide attention. In 2019, the International Best in Heritage Competition in Croatia recognized Detroit 67 as the second-best exhibition in the world.

Rugh is a member of the Detroit Symphony Orchestra and Midtown Detroit boards of trustees.

Michelle Sherman

COO and CFO

Southwest Solutions Inc.

“Very few leaders could handle the breadth and depth of responsibility Michelle has, but she does so with a level of excellence and competence that is rare. She is one of the major reasons we can have the impact that we do in the community,” said Southwest Solutions President and CEO Sean de Four.

Southwest Solutions’ mission is to improve the well-being of the community and its residents. e organization has more than 50 programs that address issues such as behavioral health, a ordable housing and workforce development.

Michelle Sherman has improved e ciency and e ectiveness and stabilized the team through a nancial crisis, cyberattack, ood and the leadership and sta turnover that occurred just as she joined the nonpro t.

Previously, Sherman was vice president, CFO and a special trustee for Barden Cos. It grew from $100 million to $500 million.

She is a member of the Leadership Oakland board and the Detroit PAL advisory board.

Jaffe is joining Taft. The combined firm will offer expanded legal counsel rooted in entrepreneurial thinking and innovative solutions. The next chapter starts December 31, 2022.

Learn more at jaffelaw.com.

Linda Solomon

President and Founder Pictures of Hope

Photojournalist Linda Solomon established Pictures of Hope to pos itively a ect the lives of children ex periencing homelessness.

rough her small nonpro t, she gives children in 15 Michigan cit ies a camera and assigns them the task of sharing their hopes and dreams with the guidance of a car ing mentor. Solomon then prints 4,500 cards featuring the children’s Pictures of Hope. Proceeds from the sale of the cards go to the children’s schools and shelters.

e children’s photographs have been featured on the front pages of 52 newspapers, including e Washington Post, and on NBC, ABC and CBS evening news programs. As a result, Blackburn College granted full scholarships to ve young pro gram participants.

“I can testify rsthand to the re markable e ects Pictures of Hope (has) on children whose lives have been shattered through no fault of their own,” said Maura Corrigan, former Michigan Supreme Court justice and former director of the Michigan Department of Human Services.

Megan Thibos

Director of Economic Mobility Initiatives

United Way for Southeastern Michigan

Megan ibos oversees United Way initiatives in economic mobility, nancial empowerment, housing, workforce develop ment and transpor tation in the Detroit metro region.

A Fulbright Scholar, the biggest win of her career is creating the Detroit Financial Well-being Innovation Challenge, a ve-year, $3 million pro gram to increase residents’ nancial opportunities. In August, her team chose 17 projects that would receive $20,000 grants each and assistance with implementation plans. Later, they will be able to apply for up to $200,000 in launch funds to imple ment a one-year pilot and up to $1 million to scale their plans.

Celia Thomas COO Alternatives for Girls

“Dr. omas’ unassuming but fo cused leadership has resulted in many youth overcoming their strug gles to lead better lives, and her leadership style motivates girls and women to dogged ly pursue educa tion and careers that position them to break ceilings,” said Courtney Smith, founder and CEO of Detroit Phoenix Center.

Tara Tomcsik

President and CEO Troy Chamber of Commerce

Led by Tara Tomcsik since 2019, the Troy Chamber of Commerce represents more than 700 business es and services.

Carolyn Watson

Chief Advancement O cer MCHS Family of Services

Terri Weems

President and CEO

Detroit Employment Solutions Corp.

Terri Weems joined the DESC in 2017 as CFO and became president in 2019.

DESC works to achieve racial and social-economic equity through in creased residential employment, im proved nancial stability and re duced poverty.

During Weems’ tenure, DESC wag es increased and revenues doubled. Her team launched new programs, including the Community Health Corp. and the Detroit at Work initiative, which implemented a $100 million schol arship program. Weems also ad ministered Grow Detroit’s Young Talent Program, which employed more than 8,000 youth ages 14-24, and provided them with meaningful work experience.

A 2021 Michigan Chronicle Wom an of Excellence, Weems also earned the Master Board Member Award from the Michigan Associa tion of School Boards.

“I can think of few others serving their community in the ways Terri does. On and o the job, Terri looks for ways to add value in the areas of public education, nancial literacy, mentoring youth and advising boards,” said Nicole Sherard-Free man, group executive for Jobs Econ omy and Detroit at Work for the city of Detroit.

“

e Challenge aims to support in novative solutions to solve intractable economic issues and called for pro posals from a wide array of stakehold ers,” said Sara Gold, UWSM’s senior director of Health Initiatives and Stra tegic Partner Networks.

ibos led the nonpro t’s $3 mil lion Ride United program, which of fers free Lyft rides to job interviews. In 12 months, the initiative enrolled nearly 1,400 people and scheduled close to 44,000 rides. She also facilitat ed a partnership with the Detroit Land Bank, Detroit Community Health Corps and Matrix Human Ser vices to help residents living in Land Bank-owned homes buy their homes.

Helene Weir

President and CEO YMCA of Metropolitan Detroit

Helene Weir has led YMCAs in the United States and Alberta, Can ada, for nearly 40 years. She led the Y in Calgary to secure three citybuilt health and recreation facilities valued at $447 mil lion and complet ed a $30 million capital campaign.

Weir began her tenure at the YMCA of Metro politan Detroit in 2019 and guided the nonpro t through the pandemic’s economic stresses and service challenges. She also led the Y to partner with YM CAs in Ukraine and Bogota, Colom bia.

“Helene Weir has been the ‘North Star’ for countless (Metro Detroit) YMCA sta and volunteers. She has reminded us through word and deed that hope and service to others are the foundations upon which the YMCA, nonpro ts and the commu nity must move forward,” said De troit YMCA Chair Judge David Allen.

Also, Weir is a member of three YMCA-related groups and the Inter national Women’s Forum.

Since joining Alternatives for Girls in 2016, Celia omas has se cured funding from the U.S. Depart ment of Health and Human Services for a rigorous randomized control trial study surrounding teen preg nancy. She also led grant writing programs contributing to the orga nization’s annual budget increase to $9.1 million from mid-$3 million. omas actively serves the com munity in other ways too. Among other commitments, she is vice chair of the City of Detroit Homeless Continuum of Care’s executive committee, board chair for the Plymouth Educational Center Pub lic School Academy, and a member of the Baker College Human Ser vices advisory board.

“Tara’s energy, her genuine care and her ability to work with business es large and small across a wide vari ety of industries make the Troy Chamber relevant and valuable and help make the City of Troy shine,” Troy Mayor Ethan Baker said.

Tomcsik serves as CEO of the Troy DDA’s Action Committee for Diversity and Inclusion, chair of the Oakland County Chamber Network and a member of the Michigan Pet Alliance.

In addition to her chamber activi ties, Tomcsik created the Feline Fund, which provides funds toward spaying and neutering cats in metro Detroit and works toward eliminat ing obstacles toward adoption.

“Tara is dedicated to saving cats and protecting the feline community. Tara coaches animal rescues not just on how to keep the lights on, but she also provides the hands-on education and training needed to achieve goals bigger than they thought possible,” said Monica Frenden-Tarant, chief in novation o cer of Feline Lifesaving with Maddie’s Fund and the Joanie Bernard Foundation.

Created in the wake of the postWorld War I u epidemic that left many Detroit children orphans, MCHS Family of Services provides foster care and adoption services and additional programming. Since joining the leadership team in 2019, Carolyn Wat son has led an ef fort to signi cantly diversify a ma jority-white board of directors and an all-white development and mar keting team and played a critical role in forming the nonpro t group’s diversity, inclusion and race equity task force.

She is particularly proud of bring ing a new basketball court to the nonpro t’s newest campus. e court is a gift from the Mamba and Mambacita Sports Foundation, Bodyarmor sports drink and Reyes Coca-Cola in celebration of Kobe and Gianna Bryant’s legacy.

“Carolyn has taken our organiza tion and its impact to the next level. She is a truly outstanding example of passion, integrity and leadership in all facets,” MCHS CEO Kevin Roach said.

In addition to supporting Asian American activism, Watson is a Young Leaders member of the De troit Economic Club. Earlier this year, Career Mastered honored her with its 2022 Leadership in Action Award.

Geneva Williams

Executive Director

Live6

Alliance

Live6 Alliance is an economic de velopment organization created to enhance the quality of life and eco nomic opportunity for small busi nesses and residents in Northwest Detroit.

Geneva Williams has grown the rela tively new non pro t’s budget to nearly $1.5 million and led more than 100 Live6 initia tives in the community. E orts in clude enhancing neighborhood pa trols, cleaning vacant lots and alleys, improving lighting in public areas and creating jobs in the process.

“Geneva is one of those truly phe nomenal women in our community and our country,” said Charles An derson, president and CEO of the Urban League of Detroit and South east Michigan.

Because of Williams’ leadership, the nonpro t partnered with Wayne State University’s AmeriCorps Ur ban Safety Program to identify bar riers to life-improving resources and launch a digital platform that makes it easier for residents to ac cess housing, child care, jobs, train ing, mental health care and other services. Live6 also provided $25,000 grants to anchor businesses like Baker’s Keyboard Lounge.

Her e orts have resulted in nu merous personal and organizational awards, including the Dr. Martin Lu ther King Jr Award from Western Michigan University, Heritage Award from Ford Motor Co. and Crain’s 100 Most In uential Women award.

Kimberly Williams

Executive Director

Dominican Literacy Center

“Kimberly Williams would tell us that women (in our program) suc ceed through their own hard work and persistence. But their successes were facilitated by the center that Kimberly leads,” said Sandra Men gel, a former Do minican Literacy Center executive board member.

“She manages the center’s adminis tration and operations as well as hu man relations, nance and fund raising. Kimberly’s foresight, creativity and sense of responsibili ty for each person’s success ensure that those who join DLC can reach their goals.”

Williams, who became DLC exec utive director in 2017, calls retaining 88 percent, or 218, of DLC’s adult learners during the pandemic a big win.

In response to the decline in en rollment, she added programming and launched Empowering Women — e Future is Now,” which teach es women to navigate the digital di vide and the educational gap in their communities. She also re-es tablished the nonpro t’s member ship in the National Adult Educa tion Honor Society and implemented Student Meet Up, which allows students to socialize and play educational games.

Stacy Ziarko

President and CEO

Sterling Heights Regional Chamber of Commerce

As president and CEO of the Ster ling Heights Regional Chamber of Commerce, Stacy Ziarko is respon sible for an $855,000 budget, rela tionships with lo cal governments and events and en gagement oppor tunities for mem bers.

“I am impressed with Stacy’s takecharge leadership style and her nat ural ability to connect with stake holders from the governor, county executive, school leaders, media, legislators and CEOs across the state. If you need to collaborate with individuals on any given project, Stacy can make it happen,” Sterling Heights City Manager Mark Vander pool said.

is year, Ziarko’s team launched a podcast showcasing the successes and work of Macomb County busi nesses or representatives. e chamber also made a more concert ed e ort to bring diversity to its board to re ect the community.

Ziarko, a 2020 Crain’s 40 Under 40 winner, serves on the boards of sev eral local organizations, including the Sterling Heights Public Library.

Bills would give Huntington Place funding, exibility as it seeks hotel on JLA site

BY DAVID EGGERT

LANSING — New bills quickly advancing in the Legislature would authorize the authority that oversees Detroit’s convention center to enter into public-private arrangements, increase its funding and expand the facility’s de nition to include nearby roads.

e bills would also extend a $5 million annual subsidy for the QLine streetcar for an additional 17 years.

e Republican-led Senate approved the measures 24-12 and 27-10 on last Tuesday after discharging them from a committee, which held no hearing since their introduction about three weeks ago. e Republican-controlled House could vote on the legislation this week before adjourning for the year.

e impetus is “allowing Huntington Place to have a little more money, a little more exibility,” said the sponsor, Republican Sen. Wayne Schmidt of Traverse City.

e push comes as the convention center is working to encourage the construction of hotels on the nearby former site of Joe Louis Arena.

e bills moved so rapidly that the nonpartisan Senate Fiscal Agency did not do an analysis of them. It was not immediately clear how much more funding the center could receive.

e state’s Convention Facility Development Fund, which is funded by hotel and liquor taxes and takes in roughly $100 million yearly, is primarily distributed to counties and the Detroit Regional Convention Facility Authority, which operates Huntington Place (formerly TCF Center and Cobo Center.) Since the 2019-20 scal year, the QLine has gotten $5 million a year — a subsidy that ended in the last budget year under current law. e legislation would continue the allotment through the 2038-39 scal year.

Schmidt said helping Huntington Place, which received about $42.5 million in the 2020-21 budget year, would not “decrease anything for

counties.” He described it as a funding “reset” due to higher liquor tax revenues, one that would bene t both counties and the convention center.

Messages seeking comment about the measures and their impact were left with Patrick Bero, the Detroit Regional Convention Facility Authority’s CEO and chief operating o cer. Huntington Place spokesperson Mary Klida responded in an email that o cials were “hopeful” that the package will be passed by the House this week, when they would happily provide additional speci cs.

“As you can understand in a lameduck session, we would not want to take any action that might complicate the passage of this important appropriation. We are almost there,” she wrote Wednesday.

One bill would change the de nition of a convention facility to also include bike paths, plazas, green space and roads necessary or convenient for use in connection with the facility.

e legislative step comes as construction continues on the site of the former Joe Louis Arena, which is adjacent to the convention center. An apartment tower is rising out of the ground and perhaps a 20-story o ce tower is also envisioned there.

In March, Claude Molinari, president and CEO of Visit Detroit, told Crain’s there have been discussions with the site developer to perhaps build two hotels, each with about 750 rooms. Molinari, whom Gov. Gretchen Whitmer appointed to the Detroit Regional Convention Facility Authority, chairs its ve-member board.

Last month, after Detroit was awarded the 2027 NCAA men’s basketball Final Four, Molinari said, “I’m very con dent that we’re going to have a headquarters hotel on the west side of the convention center by that time, and I believe the NCAA is going to hold me to that.”

An a liate of Detroit developer and landlord Sterling Group is redeveloping the 9-acre Joe Louis Arena property.

Contact: david.eggert@crain.com; (313) 446-1654; @DavidEggert00

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RobertKaminskiJr. president, CEO and director

$3,891.6 $3,676.3 40 $0.0 0 11

FIRST MERCHANTS BANK 10 Washington St., Monroe48161 800-205-3464; rstmerchants.com

MarkHardwick CEO

$3,274.4 $1,400.0 33 $11,349.3 93 12

ARBOR BANCORP (BANK OF ANN ARBOR) 125 S. Fifth Ave., Ann Arbor48104 734-662-1600; bankofannarbor.com

MACATAWA BANKCORP. 10753 Macatawa Drive, Holland49424 616-820-1444; macatawabank.com

14

15

16

17

18

19

20

21

22

23

24

25

NORTHPOINTE BANCSHARESINC. 3333 Deposit Drive NE, Grand Rapids49546 616-940-9400; northpointe.com

FIRST NATIONAL BANCSHARES INC. (FIRST NATIONAL BANK OF AMERICA) 241 E. Saginaw, East Lansing48823 800-968-3626; fnba.com

CHOICEONE FINANCIAL SERVICESINC. 109 E. Division, Sparta49345 616-887-7366; choiceone.com

HORIZON BANK 200 E. Big Beaver Road, Troy48083 248-781-2584; horizonbank.com

OLD NATIONAL BANK 2723 S. State St., Ann Arbor48104 734-887-2600; oldnational.com

ISABELLA BANKCORP. 401 N. Main, Mt. Pleasant48858 989-772-9471; isabellabank.com

CIBC BANK 34901 Woodward Ave., Ste. 200, Birmingham48009 248-566-4700; us.cibc.com/en/home.html

KEYBANK N.A. 100 S. Main, P.O. Box 8612, Ann Arbor48107 800-539-2968; keybank.com

FENTURA FINANCIAL INC. (THE STATE BANK) 175 North Leroy St., Fenton48430 810-629-2263; fentura.com

SOUTHERN MICHIGAN BANCORPINC. 51 W. Pearl St., P.O. Box 309, Coldwater49036 517-279-5500; smb-t.com

COUNTY NATIONAL BANK 1 S. Howell St., Hillsdale49242 517-439-4300; cnbb.bank

FIRST STATE BANK 24300 Little Mack, St. Clair Shores48080 586-775-5000; fsb.bank

TimMarshall president and CEO

RonaldHaan president, CEO and director

CharlesWilliams president and CEO

KenFoote CEO

KellyPotes CEO & director

CraigDwight CEO and chairman

ToddClark Central Michigan market president and president, Small Business Lending

JaeEvans president, CEO and director

VictorDodig president and CEO

MichaelCapatides vice chair, CIBC Bank USA

DavidMannarino market president, commercial bank sales leader

RonaldJustice president, CEO and director

JohnCastle chairman and CEO

JosephWilliams president and CEO

$2,502.3 $2,607.7 29 $0.0 0

$2,808.3 $2,176.4 18 $0.0 0 13

$2,423.7 $2,106.3 1 $0.0 0

$2,395.7 $2,009.0 3 $0.0 0

$2,150.8 $1,882.3 31 $0.0 0

$1,971.3 $1,091.3 28 $3,928.4 53

$1,815.6 $1,794.4 19 $34,251.7 253

$1,770.0 $1,664.9 29 $0.0 0

$1,525.3 $1,775.9 1 $36,665.2 21

$1,497.1 $2,190.1 19 $147,911.4 980

$1,231.7 $1,126.8 20 $0.0 0

$1,039.4 $953.5 17 $0.0 0

$1,017.2 $947.0 15 $0.0 0

MarkJansen president and CEO $905.1 $895.6 12 $0.0 0

|ThislistranksbanksandbankholdingcompanieswithapresenceinMichigan.FiguresarefromtheFDIC'sdepositmarketreports,whicharebasedonthebranch/o cedepositsforallFDICinsuredinstitutionsasofJune30.LevelOneBancorpInc.whichwasNo.15onlastyear'slistwasacquiredbyFirstMerchantsCorp.inApril.MackinacFinancialCorp.(mBank)whichwasNo.24onlastyear'slistwasacquiredbyNicoletBankshareon Sept.3,2021.Itisnotacompletelistingbutthemostcomprehensiveavailable.CompaniesarelistedwiththeaddressandtopexecutiveoftheirmainmetroDetroito ce.Actual guresmayvary.NA=notavailableNOTES: 1. FormerlyHuntington National Bank. Rebranded as Huntington Bancshares after TCF Financial Corp. merger closed with in June 2021. 2. Succeeded Ric DeVore on March 31. 3. The acquisition by New York Community Bancorp Inc. was expected to close Dec. 1. Want the full Excel version of this list — and every list? Become a Data Member: CrainsDetroit.com/data

ResearchedbySonyaD.Hill:shill@crain.com

New bill would head o impending minimum-wage spike for tipped workers

LANSING — New legislation would stop a potential jump in the lower minimum wage that is paid to Michi gan workers who make tips and boost the state’s existing $9.87 regular mini mum wage to $12 an hour.

e restaurant industry, which has warned of rami cations if wages go up in February under a court ruling, is asking the Republican-led Legislature to pass the bill this month before end ing the two-year session. Democratic legislators will take control in January.

Gov. Gretchen Whitmer, while criti cal of Republicans who in 2018 used an unprecedented maneuver to water down minimum wage and paid sick time ballot initiatives and make them more business-friendly, has said she wants lawmakers to potentially slow down the “overnight” wage hike. e measure was introduced last week and is sponsored by Republican Sen. Wayne Schmidt of Traverse City. It would set the tip credit at 40 percent of the minimum wage, up from 38 percent.

Tipped employees currently are paid $3.75 per hour, with the guaran tee that they make at least the regular minimum wage — often more — once tips are included.

If the Court of Claims decision is not halted or overturned, the mini mum wage — which is scheduled to rise to $10.10 in January — will in crease to about $13 in mid-February.

e tipped wage will spike to roughly $9 and, in 2024, equal the regular wage.

Schmidt said the more generous wage increases, which were proposed via ballot drives that legislators passed and then weakened, are unnecessary.

“ e market is taking care of itself,” he said, noting that his youngest son, a high school senior, earns $18 an hour at McDonald’s.

If lawmakers do not act and the rul ing takes e ect, he said, there will be job cuts in the restaurant and lodging industries.

“Coming o the pandemic, this could be devastating. It will be devas tating,” Schmidt said, contending that servers he knows do not support aligning the tip credit with the regular minimum wage.

Supporters of eliminating the “sub minimum” wage for tipped workers say it has been done in other states and helps those employees make more.

e bill’s prospects are uncertain. If it is approved by the Senate this week, the House would have to wait until the following week to vote. It is unclear if either chamber will be in session be yond this week.

“ ere’s a lot more will and support out there than a lot of people think,” said Justin Winslow, president and CEO of the Michigan Restaurant & Lodging Association. “A lot of people want to see this get done quickly, even if it’s in a version that they might not prefer if they got to deal with this in a vacuum. at’s from Rs and Ds so far.”

He described the legislation as a framework that could change in nego tiations.

“If I’m looking for the silver lining and the positive, these sort of rankand- le calls across both these cham bers are eliciting really positive re sponses that they want to get something done and would in lame

duck,” Winslow said. “ at’s been the surprising positive. It’s whether or not the principals are going to have the will to see this through because this is going to require a third week. at’s not an impossibility right now, but it’s also not guaranteed.”

Four years ago, the Legislature en gaged in “adopt and amend,” a con troversial strategy. To prevent citi zen-initiated minimum wage and sick leave ballot drives from going to the electorate, after which they would have been much harder to change if voters had passed them,

Republicans approved them so the laws could be made more busi ness-friendly after the election with simple majority votes and the signa ture of the outgoing Gov. Rick Sny der.

In July, Court of Claims Judge Douglas Shapiro declared the tactic unconstitutional and ordered that the original laws go into e ect on Feb. 20.

e Michigan Court of Appeals will hear an appeal on Dec. 13.

Contact: david.eggert@crain.com; (313) 446-1654; @DavidEggert00

DAVID EGGERT

Tammy Upchurch, left, a server at Bu alo Wild Wings in Midland, and Gabbie Huhn, a bartender at The Riv in East Lansing, speak out against an impending increase in Michigan’s minimum tipped wage at a news conference on Tuesday in Lansing. | DAVID EGGERT/CRAIN’S DETROIT BUSINESS

Last of Restaurant Revitalization Fund dollars being distributed

Fewer than 200 restaurants across the country are set to receive the last of a pot of federal aid allocated for businesses impacted by the COVID-19 pandemic.

e U.S. Small Business Adminis tration on Nov. 23 announced it would release $83 million in unallo cated Restaurant Revitalization Funds to 169 restaurant owners and operators with pending applications.

An SBA spokesperson declined to share the names of the grant recipi ents and itis not clear if any restau rants in Michigan are on that list.

e grants, part of $28.6 billion in RRF funds earmarked in March 2021, are being released to restaurant own ers in the order their applications were received, according to the SBA.

Restaurant owners began seeing no ti cations of deposits on Nov. 23. ose who receive the funds have until March 23 to use them, accord ing to the SBA.

e amount, while certainly help ful, is just a fraction of the $180 mil lion in RRF money that was found to be available in a July U.S. Govern ment Accountability O ce report that analyzed the implementation of the fund. e GAO reviewed SBA in ternal controls and fraud risk man agement practices, and recommend ed the remaining funds be distributed. SBA o cials did not re spond to questions related to the dis crepancy in unallocated funds.

e RRF program closed in June 2021, with 100,004 restaurants awarded funding. In Michigan, just more than 3,300 restaurant operators received RRF grants, including 235 in the city of Detroit. More than 8,600 Michigan businesses applied for the funds.

In total, nearly 251,000 businesses were eligible for the federal RRF money. More than 300,000 applica

tions were submitted. More than 150,000 applicants were approved but didn't receive a requested $41.2 billion because of a discrimination lawsuit that changed the way the funds were distributed.

e SBA through its spokesperson said it worked with the U.S. Depart ment of Justice on a plan to distribute the remaining $83 million, but de clined to provide additional details.

e National Restaurant Associa tion is one of several groups that ad vocated for the release of the remain ing $83 million. While the release of the funds is good for the awardees, thousands of restaurants continue to struggle with uncertainty, Sean Ken

nedy, the NRA's group executive vice president of public a airs, said in a news release.

“We must continue to look forward because the enormous challenges of the industry will continue beyond to day,” Kennedy said in the release.

“From the recruitment of employees to the constantly rising costs for food, running a restaurant right now is a daily struggle. ere are steps the government can take to support restaurants in every community, and we will continue to press for solu tions at the federal, state, and local level.”

Meanwhile, many restaurants throughout Michigan continue to

struggle with a variety of costs, among other things.

One frustrated Michigan restaura teur is Bobcat Bonnie’s owner Matt Buskard. He was set to receive about $2 million for his ve restaurants (he's now up to seven) before the funds were pulled back due to the lawsuit led by a group of majority white male business owners. Bus kard in September 2021 led a law suit against the SBA after not receiv ing funds he said were promised to him for his businesses. e lawsuit has since been thrown out.

Buskard told Crain’s last week that the SBA distributing much less mon ey than was found in the July report is

disheartening.

“What hurts the most is you see a lot of inde pendent restau rants closing," he said in a series of text messages. "We need those funds. e con stant lack of a plan and transparency from the U.S. SBA sucks and makes the process complicated for no reason.

“ is is the end of the story for this. No one has the (desire) to ght for (restaurants) outside of ourselves. Everyone is over it. Congress doesn’t really care. State government doesn’t care.”

e leader of one Michigan orga nization agrees with Buskard.

Small Business Association of Michigan President and CEO Brian Calley in a Tuesday email said lack of transparency has been an issue with the RRF program all along. Calley, who fought to keep restaurants open during the height of the coronavirus pandemic, said the release of the re maining funds is “better late than never.”

“... but it’s unconscionable that it took this long,” he said. “One major lesson from this debacle is that SBA programs should be administered through banks and credit unions, not directly by the SBA. Some restaurants are back and doing well, but this industry was really decimat ed. Many failed already. Here in Michigan, the bigger threat to restaurants moving forward is the potential elimination of the tipped wage system that will likely result in more restaurant failures, lower over all income to restaurant employees, and fewer jobs.”

Contact: jason.davis@crain.com (313) 446-1612; @JayDavis_1981

ADVERTISING / PR / MARKETING

Lambert

Lambert, a national PR, IR and integrated marketing agency, welcomes Doug Kuiper as chief of staff. With 25 years of experience in complex matrix organizations such as Ilitch Holdings and Michigan Economic Development Corporation, Doug will work with Lambert’s seasoned leadership team across its family of companies to optimize internal operations, drive and integrate complementary mergers and acquisitions, and bring innovative new products and services to market.

CONSULTING

Michigan Legislative Consultants

Michigan Legislative Consultants, Michigan’s oldest lobbying rm with of ces in Detroit and Lansing, announces the return of Rudy Hobbs as the rm’s fourth partner. Since 2019, Rudy served as deputy county executive of Oakland County. He was previously chief of staff to the Wayne County Executive and served in the Michigan House of Representatives, including a term as Democratic oor leader. Rudy has also held leadership roles with Congressman Sander Levin and Lt. Governor John Cherry.

MANUFACTURING Loc Performance

Loc Performance named Jason Atkinson as the company’s new President and CEO. Atkinson has served as a key member of Loc’s leadership team since 2008, when he joined the company as Chief Operating Of cer. During his time as Loc’s COO, Atkinson was instrumental in the launch and delivery of numerous signi cant military programs and led multiple strategic acquisitions. Atkinson will continue to lead the technical efforts for all new business opportunities and launches.

MANUFACTURING

SME

Tracy Cullen, CAE, was recruited to SME, the professional association committed to advancing manufacturing and developing a skilled workforce, as its rst senior director of strategic communications and brand management. Cullen will lead the development of impactful outreach initiatives and branding campaigns that drive engagement and position SME for continued relevance and growth over its next 90 years.

Cullen joined SME from the National Electrical Manufacturers Association.

JAY

An additional 169 restaurants across the U.S. will split the remaining $83 million in Restaurant Revitalization Funds. EMILY ELCONIN/ BLOOMBERG

Buskard

CHALLENGES

Michigan entrepreneurs are get ting in on the action, too. e 18th Annual Small Business Association of Michigan Entrepreneurship Score Card released Nov. 15 found the number of small businesses opening in the state increased by 8 percent between 2020 and 2022 — about 5 percent higher than the national av erage.

SBAM President and CEO Brian Calley attributes the increase to the growing number of people who have decided to become entrepreneurs, particularly since the start of the COVID-19 pandemic. e number of independent contractors in Michi gan has reached about 500,000, Cal ley said in an email. at accounts for about 9 percent of the workforce in Michigan, a slight drop from the 10 percent reported in 2018.

Trouble on the horizon

Having new entrepreneurs is great for the state, but Calley said that pro posed rules from the U.S. Depart ment of Labor could negatively im pact some businesses and workers.

e proposal, released Oct. 11, aims to clarify when restaurant workers, delivery couriers, ride-hail ing drivers and other gig workers should be classi ed as employees or independent contractors in busi ness for themselves. Categorization as an employee would require that businesses provide bene ts and protections such as a minimum wage, paid overtime and contribu tions to unemployment insurance, which companies say would lead to prohibitive operational costs and re duce the amount of exibility work ers have over their jobs.

“ is would be a huge blow to our entrepreneurial success,” Calley said.

Another threat to that success is pending legislation in Michigan that would also change minimum wage and paid leave laws, which could have a major impact on the restau rant industry.

A judge in July declared unconsti tutional a 2018 Republican lameduck maneuver called “adopt and amend” to weaken the voter-pro posed laws to make the constitu

tional provisions more busi ness-friendly, saying the original initiatives will take e ect in Febru ary 2023.

If Court of Claims Judge Douglas Shapiro’s decision holds, the $9.87 hourly minimum wage that is slated to jump to $10.10 in January would increase to $12 on Feb. 20 and in crease annually with in ation. e tipped wage, currently $3.75 an hour, would jump to $9.60 and equal the minimum wage by 2024. Also, the amount of mandatory leave that larger employers would o er em ployees would increase from 40 hours to 72 hours. Employers with fewer than 50 employees would no longer be exempt from o ering paid sick days.

Calley, a detractor of the propos al, said the potential changes would change the way restaurants operate.

“It may very well reduce the in come potential of restaurant em ployees, making workforce shortag es even tighter,” he said.

“ e small business recovery is fragile, and there are more recession ary risks every day. We need policy

makers to not take any steps that in crease costs on small businesses. What we need now is consistency and certainty. Committing to mini mal government intervention is the best thing policymakers could do for small businesses in the next year.”

ose policies are the biggest challenge facing Michigan’s hospi tality industry as a whole, said Justin Winslow, president and CEO of the Michigan Restaurant & Lodging As sociation.

“An immediate loss of the tip credit in February would send the restau rant industry reeling as it is trying to restabilize from the last two years that saw the closure of one in six full-service restaurants and the loss of 40,000 to 60,000 industry jobs,” Winslow said. “ e elimination of the tip credit would change the hospital ity industry as we know it.”

Also a ecting the hospitality in dustry is $180 million in unallocated Restaurant Relief Funds. e U.S. Small Business Administration in August said it would distribute the funds, but the money remains unac counted for. Overall, more than $300

million in Michi gan COVID-19 aid remains un used.

ere are sev eral ways those funds could be distributed to aid small busi nesses, accord ing to Calley. at includes tax relief and/or shoring up the state unemploy ment trust fund. at fund at the start of the year included more than $963 mil lion, according to an April U.S. Department of Labor report.

e MRLA does not expect the funds to be distributed be cause of the long delay, Vice Presi dent of Market ing & Member ship Strategy

Emily Daunt said in an email.

“... but we still advocate that there is merit in relief for small businesses from COVID relief funds,” Daunt said. “Many small businesses in par ticular were largely left behind in the rst iteration of the Growing MI Business grants and not all of that original money was allocated.”

What about Detroit?

e chamber’s Baruah believes Detroit, particularly downtown, hasn’t rebounded from the pandem ic at the rate of other major cities due to one factor: foot tra c.

A return to o ce for companies such as General Motors Co. along with the upcoming opening of the re habbed Michigan Central Station by Ford Motor Co. could help facilitate more growth in the city.

“(Return to o ce) is de nitely an issue for foot tra c-based downtown businesses. What we see in down town in particular is restaurants that o er evening, dinner service ... doing well,” Baruah said. However, retail and dining are struggling during the day because of the lack of volume of

people downtown.

“As we enter the fall and winter season, we’re still likely to have a COVID hangover e ect. My guess is it probably won’t be until spring or summer 2023 until we see the im pacts or know what the post-pan demic world is. I think the businesses that are based downtown really should think about the impact they could have on the city by bringing employees back.”

at said, Metro Detroit Black Business Alliance President and CEO Charity Dean believes it is still a good time to be a small business owner in the city. Dean, leading a group of more than 500 businesses, said the development of a small business ecosystem in Detroit is making a dif ference.

“We have groups like Detroit Means Business, the (Detroit Eco nomic Growth Corporation-backed) BuyDetroit program, that are trying to continue to build up small busi nesses in the city,” said Dean, who owns the Rosa co ee shop in the Rosedale Park neighborhood in northwest Detroit. “We have the be ginnings of what could lead the na tion in how to support small busi nesses. ere’s a lot of need, and there’s an appetite to support small businesses. I think, in the city, we have what it takes to do something good.”

According to Dean, doing some thing good includes closing the racial wealth gap.

While Calley and Winslow would like less government intervention, Dean believes there should be poli cies in place to bene t small busi nesses, particularly Black-owned small businesses.

A survey released in October by Meta, the company that operates Facebook, found that Black-owned businesses close at rates much high er than white-owned companies. Women-owned businesses fall in that same boat when compared to companies owned by men.

“Change doesn’t happen by acci dent or mistake,” Dean said. “ ere needs to be intentionality in terms of making sure all small businesses are supported. I’m very excited and opti mistic about what can happen in 2023 for small businesses.”

Contact: jason.davis@crain.com (313) 446-1612; @JayDavis_1981

The health of downtowns around metro Detroit are largely dependent on their small businesses. | BIRMINGHAM SHOPPING DISTRICT VIA INSTRAGRAM

Pedestrians walk along a nearly empty street in downtown Detroit in the early days of the pandemic. Downtown Detroit still struggles with lower foot tra c downtown even as the pandemic has eased. | ANTHONY LANZILOTE/BLOOMBERG

Calley Winslow

Dean

“ e truth is, the need is greater than before, especially for homeless services, substance abuse and men tal health treatment,” he said.

Early signs of trouble

e Salvation Army Great Lakes Division reducing its Red Kettle Christmas Campaign goal slightly this year to $8.2 million was an early sign there are concerns that in ation and the threat of a recession will im pact giving.

“With the economy and the reces sion, it could be a challenge for any of us in the nonpro t arena this year,” said Lt. Col. John Turner, divisional commander.

COTS (Coalition on Temporary Shelter), which provides shelter for Detroit’s homeless and o ers pro grams to help them get back on their feet, is among those seeing an im pact, said Chief Development O cer Aisha Morrell-Ferguson, noting the agency has been seeing a decline in gifts for the past 13 months.

“In ation costs have driven our di rect mail costs up, but we are not see ing the same level of return as in years past,” she said in an emailed statement.

Donors have called to apologize for having to scale back their giving this year, with the promise of return ing once their nancial situations improve, Morrell-Ferguson said.

“We understand the position that many are in and we take it in stride. We are also grateful for those who are able and willing to give a bit more to help continue much needed services to families in Detroit," she said.

Sparrow Freedom Project, which provides services for survivors of hu man tra cking and exploitation on an annual budget of $275,000, has raised just a quarter of its $10,000 year-end appeal goal. Last year by this point, it had raised half, Execu tive Director Tracey Cooley said.

e appeal is helping fund the costs to rehab the small nonpro t’s rst Detroit shelter, which will also provide recovery program referrals and other services for survivors on site.

On Giving Tuesday last week, it raised a quarter of its goal, down from 75 percent of goal on that day in 2021, Cooley said.

“We will need to do another endof-year push,” she said.

During the holidays it also asks supporters to adopt survivors and

their families to give them something they’ve wished for, in addition to helping meet their basic needs. is year, it was having a hard time getting people to “adopt” families, Cooley said.

“People (were) telling us with the higher cost of everything, they don’t have the extra to give." she said. "… with all the money for gas and food is real expensive. e extra money they’d ... normally spend on this, they just don’t have.”

Cooley said she reached out to companies like Target and Verizon and local churches for help and mak ing a big push for gifts on Sparrow’s website and social media pages and has been able to meet its Christmas program goal by doing so.

Share Detroit, an online platform linking donors and volunteers with local nonpro ts, represents more than 320 nonpro t organizations, in cluding Sparrow. Most are small and midsize and y under the radar be cause they don’t have big marketing departments and social media gurus helping them, Executive Director Ja

nette Phillips said.

“We’ve been really focused on helping those nonpro ts with tools, graphics, messaging so they can reach out to the community them selves for Giving Tuesday and the holidays,” she said.

In ation-resistant

Strong branding is helping other nonpro ts like Ronald McDonald House Charities Detroit maintain giving levels as the end of the year nears.

Giving is holding steady so far at the nonpro t that helps ill children and their families nd a place to stay and support services during medical treatment, CEO Jen Litomisky said. “So far so good for us. ... of course we have been very fortunate to have some excellent branding over the years.”

e charity sent its fall newsletter in October and has received typical donations since, she said. “We will put out our year-end appeal closer to the end of the year and will know

more by Jan. 1.”

Higher-net-worth donors aren’t typically as impacted by in ation, fundraising leaders said. So it stands to reason that nonpro ts that are more reliant on major gifts wouldn’t see the same softening as nonpro ts relying on smaller gifts made as part of annual appeals.

ough Leader Dogs for the Blind does get some donations from a di rect mail campaign, the bulk of its contributed revenue is from estates and bequests, said Melissa Weisse,vice president, chief philan thropy o cer.

“Major donors who have signi cant portfolios saw volatility in the market this year but still have capaci ty to give because they have still had many years of growth in their portfo lios,” she said.

Wayne State University, Trinity Health Michigan and the Detroit In stitute of Arts also put more empha sis on raising major gifts as part of diversi ed fundraising strategies.

Giving to Trinity Health-Southeast Michigan has been at, said David Ripple, vice president of philanthro py. But that’s not necessarily a bad thing. It means the health system is maintaining the donors who helped it exceed its $11 million annual goal in 2021 by about $4 million, he said.

About 10 percent-15 percent of the amount it raises comes from annual gifts of less than $1,000, with its yearend online giving and direct mail ap peals launched just last week.

“It really is too early to tell speci cs on those,” he said, adding he’d be surprised by any big drop-o s or in creases this year.

ough major gifts are a big focus at Wayne State, year-end is the big gest time for the small gifts that come to the university, said Leslie Carmo na, senior director, donor experience and individual giving.

“Part of the reason they say 'eds and meds' will do better is because they have more mature giving pro grams that rely more heavily on ma jor donors,” along with corporate and foundation giving that is less suscep tible to an economic tightening, said Steve Ragan, senior vice president for external relations at College Possible.

Regardless of whether year-end giving is softening at a nonpro t or not, “What we’re hearing across the board...is that everyone is looking at this and what will be the impact of in ation and possible recession on non pro t missions,” said Weisse, also president of the Association of Fund raising Professionals, Greater Detroit.

In the face of nancial headwinds, nonpro ts need to boost communi cation e orts with donors, she said.

“ ey will be squeezed with this nancial pressure during this time period, but that doesn’t mean that we should stop asking," she said. "What we need to do is build rela tionships.”

Contact: swelch@crain.com; (313) 446-1694; @SherriWelch

Stocks moved higher on the news that Fed governors are openly talking about slowing the pace of interest rate hikes, with the S&P 500 up al most 2 percentage points Wednesday afternoon following the speeches.

e increased borrowing costs im posed by the Fed impact all aspects of the economy, from the nancing of large-scale mergers and acquisi tions to borrowing for manufacturing equipment to the interest rates con sumers pay on their credit card bills.

Cook and Powell, in their separate speeches, pointed to some positive data points in recent weeks showing that the cost of goods for items such as cars, furniture and appliances has begun to decline, and housing costs are forecast to fall next year.

Still, there’s a simple truth: “In ation

remains much too high,” Cook said. “We have begun to see some im provement in the in ation data,” she told the Detroit Economic Club at tendees. “Producer price in ation also moderated in October, suggest ing that in ation pressures on busi nesses may be easing. Nonetheless, I would be cautious about reading too much into one month of relatively fa vorable data.”

Cook in Detroit

Cook was seated on the Fed’s board over the summer — becoming the rst Black woman to serve on the powerful economic policymaking committee — following a narrow, party-line vote of 51-50, with Vice President Kamala Harris casting the tie-breaking vote.

Much of her talk in Detroit focused on the decline of worker productivity in recent decades, noting that em

ployee output per hour has increased at just half the rate it did as recently as the mid-2000s.

“ is is cause for concern,” Cook said. “Productivity growth is a key fac tor in the health of the overall econo my and in the daily lives of all Ameri cans. Because, ultimately, it drives rising standards of living for all of us.”

e good news, according to Cook, is that Michigan and its strong manu facturing sector could be well poised to help combat some of those de clines.

“If there is a productivity revival, it will likely involve manufacturing, if history is our guide,” Cook said. “When it comes to productivity, the sector has a record of punching above its weight.”

e manufacturing sector has a history of seeing productivity gains far outpace the broader economy, Cook said, citing data from the U.S. Bureau of Labor Statistics.

Cook was also asked about the on going decline of cryptocurrency, par ticularly within the context of the im plosion of the FTX exchange, and whether it signals the need for fur ther regulation of the sector, which largely operates outside the purview of traditional regulators.

us far, FTX’s failure and broader crypto declines have not impacted the larger nancial sector, according to Cook, who seemed to suggest that the Fed might not implement sub stantial new rules for the sector.

“I’m not saying we don’t need (any regulations),” Cook said. “But we may not need a lot more di erent types of regulation. Maybe you just need to do the job that is already within your power.”

— e Associated Press contributed to this report.

Contact: nmanes@crain.com; (313) 446-1626; @nickrmanes

“IF THERE IS A PRODUCTIVITY REVIVAL, IT WILL LIKELY INVOLVE MANUFACTURING, IF HISTORY IS OUR GUIDE.”

—Lisa Cook, Fed board governor

Cooley Morrell-Ferguson Phillips Weisse

$2.6 billion Flagstar-New York Community Bank deal closes

BY NICK MANES

Approaching two years in the making, Flagstar Bank on ursday became part of a New York nancial institution. Still, despite the long wait, executives say the parties “never” considered walking away from the table. While the current economy is vastly di erent from that of spring 2021 when the deal was proposed, bank executives tout that the $2.6 billion, all-stock acquisition deal as initially proposed and completed ursday by New York Community Bank continued to make sense throughout the months of waiting for regulatory approvals.

e deal is something of a rarity in terms of bank M&A for multiple reasons, according to Alessandro DiNello, who o cially retired as president and CEO of Flagstar on ursday following the deal’s closing.

at’s because the Flagstar brand will live on in Michigan and other Great Lakes states where Flagstar operates but New York Community Bank has not had a presence. Pre-merger, the two banks had no geographic overlap, and therefore there will be no branch closures or job cuts, according to DiNello, who will become non-executive chairman of the combined lending institution.

e acquisition of Flagstar by NYCB, DiNello said, was never “justi ed by cost cuts or closed branches.” Rather, it was “justi ed by the power of the combined companies.”

DEALS & DETAILS  CONTRACTS

 Farbman Group, South eld, a commercial real estate company, has a partnership with Otso, commercial real estate risk management company, o ering a multi-year lease insurance program in commercial real estate. Websites: farbman.com, otso.io

 EXPANSIONS

 RPM, Royal Oak, a logistics companies, launched a new operation in Mexico, primarily catering to OEM suppliers and customers. Website: rpmmoves.com

 Kirco, Troy, a commercial real estate development and investment rm, opened a senior living community, Monark Grove Clarkston, at 7373 Sashabaw Road in Clarkston. Website: kirco.com, monarkgroveclarkston.com

 GRANTS

 e Catholic Foundation of Michigan plans to award $135,320 in grants to 32 ministries and nonpro t organizations during its annual grant awards breakfast. Grants were awarded to Catholic and non-Catholic projects that will foster collaboration and innovation and expand education, service, or outreach aligned with Catholic values. is year’s recipients include Alternative for Girls’ Little Dreamers early childhood program and “Strangers No Longer,” a program to build circles of support

Because of that — and despite the lengthy approval process — talk did not shift to canceling the merger agreement, which had to be extended two times.

“Never,” DiNello said ursday when asked by Crain’s if either side ever considered walking away. “We knew this was the right thing and we never talked about not seeing it through.”

First proposed in late April 2021, the acquisition was long-stalled by regulators who sought to take a tougher stance on nancial M&A activities. e deal ultimately received nal approvals last month and was nalized ursday.

DiNello declined to provide any speci c details of conversations with regulators, but said the parties “got caught in a really di cult place generally, as the Biden administration has taken a tougher position on M&A deals.

“But at the end of the day, I think ... we got to where we needed to be,” DiNello said. “We were patient and we knew we would get there.”

Familiar faces

While the combined institution will be headquartered outside of New York City, many familiar faces for the Troybased Flagstar have senior roles in the merged bank. Additionally, DiNello said that Flagstar’s headquarters facility in Troy will remain home base for the new institution’s mortgage business and serve other corporate functions.

“We are tremendously pleased and very excited to announce the completion of our merger with Flagstar,” Tom Cangemi, president and CEO of NYCB, said in a news release. “ e merger creates a company with signi cant scale and capabilities with a more diversi ed loan portfolio, an improved funding mix, and a much better interest-rate risk pro le.””

As a condition of the merger, DiNello has signed a three-year non-compete agreement and will be paid a lump sum of $6 million, according to a regulatory ling.

In addition to DiNello, NYCB appointed the following people to serve on the board:  James Carpenter, chief lending ocer, New York Community Bancorp Inc. (retired) 

Toan Huynh, venture capitalist  Peter Schoels, managing partner, MP Global Advisors 

David L. Treadwell, president and CEO, EP Management Corp. (retired)  Jennifer R. Whip, principal, Cambridge One LLC

All but Carpenter were previously members of Flagstar’s board of directors.

“ e Company is privileged to add these six directors to its Board,” Cangemi said in the release. “Each of them adds unique skills and business expertise to an already diverse Board. I would like to thank both Don and Jim for their long and dedicated service to our Company. I know I speak for the entire Board when I say that their advice and business acumen over the years have proved invaluable to our organization.”

In addition to the board appointments, a handful of Flagstar executives have also joined the executive ranks at NYCB.

Lee Smith, Flagstar’s executive vice president and president of mortgage, will be senior executive vice president and president of mortgage at the new company; and Reginald Davis, Flagstar’s executive vice president and president of banking, takes the role of senior executive vice president and

banking president at NYCB.

Operations at the bank are “business as usual for now,” Flagstar spokesperson Susan Bergesen wrote in an email to Crain’s, adding that a full conversion is not scheduled until early 2024. e combined bank stands as a top 25 bank in the United States with about $88.4 billion in assets.

e deal was proposed as a means for NYCB to grow into a more full-service commercial banking operation and allow Flagstar Bank to expand beyond the cyclical mortgage industry, where it’s a top 20 U.S. lender.

In the time it’s taken the deal to close, the mortgage industry has gone from its high-water mark in 2021 to a period of the highest interest rates seen in decades, shrinking the sector by about half.

Flagstar’s mortgage originations were down by 45 percent year-overyear in the third quarter of 2022, according to its most recent earnings report. Flagstar’s net income also declined about 52 percent from the third quarter of last year, falling to $73 million.

DiNello, however, brushed aside any notion that Flagstar is hurting signi cantly, noting that earnings under his watch have consistently exceeded market expectations.

“We’re set up to be successful regardless of what the economy brings us, and that’s what you want a bank to be,” he said. “You don’t want to be a bank that needs interest rates to be high and you don’t want to be a bank that needs interest rates to be low. You want one that’s very balanced and that can be competitive in any economic environment, and we’re both very safe banks in terms of credit histories.”

among immigrant women in Michigan parishes and high schools, following Pope Francis’ exhortations to receive immigrants as brothers and sisters. e invite-only breakfast is Dec. 15 at the Detroit Athletic Club.



MERGERS & ACQUISITIONS

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Doeren Mayhew, Troy, an accounting and advisory rm, acquired Kaplan Merzlak PC, West Bloom eld Township, an accounting rm. Website: doeren.com

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NAME CHANGE

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Whirlpool Corp., Benton Harbor, manufacturer of kitchen and laundry appliances and products, acquired InSinkErator, Mount Pleasant, Wis., manufacturer of food waste disposers and instant hot water dispensers for home and commercial use. Website: WhirlpoolCorp.com

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Applied Innovation, Grand Rapids, provider of o ce technology products and services, acquired Mid-City O ce Systems, Auburn, Ind., provider of computer services and support. e acquisition gives Applied Innovation four branch locations in northern Indiana. Website: appliedinnovation.com

 e Law O ces of Barton Morris and Cannabis Legal Group have moved from 520 North Main St. in Royal Oak to the sixth oor of 801 West Big Beaver Road, Troy. Website:

e DoubleTree by Hilton Bloomeld Hills Detroit, 39475 Woodward Ave., Bloom eld Hills, a hotel, has been renamed e Kingsley Bloomeld Hills. Website: hilton.com/en/ hotels/dtwbhdt-the-kingsley-bloom eld-hills

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Exotic Automation & Supply, New Hudson, a Parker Hanni n hydraulic, uid connector, pneumatic and electromechanical products distributor, acquired Bond Fluidaire, Grand Rapids, a uid power provider. Website: exoticautomation.com

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123NET, South eld, internet, colocation and voice services provider, bought spectrum frequencies from GeoLinks, Camarillo, Calif., a hybrid network provider in the xed wireless space, to expand its wireless internet service o ering. Website: 123. net

Cochrane Supply & Engineering, Madison Heights, a Smart Building Controls distributor, acquired Control Tech Supply Co. Inc., Dallas, Texas, distributor of building automation and temperature and lighting control products. Website: cochrane-

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Acrisure, Grand Rapids, a nancial technology and insurance company, acquired Home eld IT, a technology company for businesses, New York, N.Y., as part of its Cyber Services division. Website: acrisure.com

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Fortis, Novi, a payment techology company, acquired Payment Logistics, La Jolla, Calif., a payment technology company. Website: fortispay. com

Let’s Build Your Business.

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UHY LLP, Farmington Hills, an accounting rm, merged with Jansen Valk ompson Reahm PC, Kalamazoo and Dowagiac, an accounting rm. Website: uhy-us.com 

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Flagstar Bank closed its merger deal with New York Community Bank on Thursday. | FLAGSTAR BANK

DiNello

In it, they talked about an ambi tious ve-year vision for bringing much of the development to fruition or out of the ground.

In all, there is some 1.2 million square feet of o ce space, 146,000 square feet of retail, 467 hotel rooms and 865 units of residential housing envisioned spanning 10 new or rede veloped buildings, under the plan discussed Tuesday evening.

But Detroit residents have seen big proposed visions in small proposed time frames before, with them amounting to fractions of what was promised, often as public incentives are sought. Several of the projects discussed have long been on the books but with little to show for it.

“A lot of what you see today is still continuing that vision mapped out then (in 2014),” Keith Bradford, pres ident of Olympia, said in response to a question from Eric Williams, man aging attorney in the Economic Equi ty Practice for the Detroit Justice Center, a nonpro t law rm that works on issues related to economic opportunities, the justice system and equitable and just cities.

Couple that with rising interest rates crimping commercial real es tate deals locally and elsewhere, and one of the softest o ce markets in recent memory due to COVID-19, there are plenty of headwinds for Olympia and Related.

But executives were optimistic.

“We are very bullish on that,” Brad ford said Tuesday evening regarding the demand for new o ce space.

Tuesday’s meeting was held at Cass Technical High School, and weekly Tuesday meetings for what will be selected as the Neighborhood Advisory Committee are expected through February. e NAC negoti ates community bene ts for an area surrounding a major development. ose bene ts can include job train ing and education, among other things.

e next meeting is Dec. 6.

Transformational brown eld

Among the incentives sought for an overall series of developments: e state’s so-called “transforma tional brown eld” package, which only Dan Gilbert and a developer on the west side of the state in Vicksburg have received so far.

Originally billed as a program to help developers around the state transform communities with new and repurposed buildings, the over whelming majority of the funding to date has gone to Gilbert projects in Detroit, Crain’s reported in 2020.

e program allows for developers to capture taxes generated by newly created jobs and new residents to nance projects, as well as forgo pay ing sales taxes on construction equipment and materials, among other things.

Gilbert’s $2.14 billion in projects got $618.1 million in incentives — about 29 percent of the total project cost.

e total transformational brown eld incentive for the Ilitch/Ross ef fort is not known. Executives from Olympia and Related said last month that process should begin in the spring after the Community Bene ts Ordinance process plays out; the amount was not discussed during the Tuesday evening meeting.

Other incentives that are anticipat ed include Public Act 210 and Neigh

Related and Olympia also dis cussed more speci cs on the build ings included in the overall vision.

1. A new 287-unit residential build ing with rst- oor retail at 2250 Woodward Ave. on what is now sur face parking in front of Comerica Park.

2. A new residential building at 2205 Cass Ave., which would be part of the proposed Detroit Center for Innova tion, an envisioned graduate school satellite campus for the University of Michigan west of the Fox eater.

3. A redeveloped Hotel Fort Wayne at 408 Temple St., a long-envisioned project that was announced more

than ve years ago as part of an earli er vision for residential space in the District Detroit area that would have brought 686 new units. is current incarnation would have 131 units, as opposed to the 163 units proposed in May 2017.

4. A redevelopment of the Detroit Life Building at 2210 Park Ave. at building was previously envisioned for a $17 million conversion into 32,000 square feet of o ce space and 6,000 square feet of ground-level re tail.

5. A new o ce building at 2200 Wood ward Ave., currently surface parking in front of Comerica Park. Executives said Tuesday evening it would have 493,000 square feet of o ce space and 28,000 square feet of retail.

6. A new o ce building at either 2305 Woodward Ave., or 2300 Cass

Ave., depending on tenant preferenc es. It would have 546,000 square feet of o ce space and the Woodward lo cale could result in the Hockeytown Cafe property being demolished.

7. A new mixed-use building with 131,000 square feet of o ce and 18,000 square feet of retail/restau rant space at 2300 Woodward Ave. at Montcalm Street.

8. A proposed business incubator at 2115 Cass Ave., the former Loyal Or der of the Moose Lodge building. at project is part of the proposed Detroit Center for Innovation, which earlier this year snagged a $100 mil lion earmark from the state. Ross has also personally committed $100 mil lion to that project.

9. A new 14-story hotel, which was previously announced, immediately south of Little Caesars Arena at

Woodward and I-75. at project is expected to cost $190.5 million and have 290 rooms. Ross has previously identi ed it as an Equinox hotel, al though executives later softened that, saying a ag has not yet been determined.

10. A conversion of the Fox O ce Building at 2211 Woodward Ave. into a hotel. e Fox eatre would not be altered.

Work would begin on the o ce building at 2200 Woodward next year, if the requested public incen tives are nalized.

e District Detroit, since it was announced in July 2014, has been slow to materialize, and some of the projects announced in the more than eight years since have either not been built, remain half-built or took years longer than originally anticipated to start.

However, some new construction and redevelopment has taken place, including construction of the Wayne State University Mike Ilitch School of Business, a new o ce building at 2715 Woodward Ave. and the new Little Caesars Global Resource Cen ter.

The Detroit Center for Innovation

e Detroit Center for Innovation — a proposed second anchor for the District Detroit, with Little Caesars Arena being the rst — was original ly slated to go on the Gilbert-owned former site of the half-built Wayne County Consolidated Jail project.

However, after announcing the ef fort in October 2019, Gilbert’s team and Ross’ team ran into develop ment disagreements. Where Ross and Gilbert split at the jail site were fundamental development issues like building orientation, sight lines, site entrances, interconnectivity and accessibility and other issues — and how all of those impacted the re maining Gilbert land, according to a source familiar with the discussions speaking with Crain’s at the time.

Ross began searching for other lo cations to put the development, which is expected to cost $250 mil lion.

By the summer of 2021, it was re ported that Ross and the Ilitches were in negotiations to relocate the Detroit Center for Innovation to the District Detroit area on property west of the Fox eatre.

In December 2021, the two com panies, plus state and local o cials, announced that the building would be moved to a nearly four-acre site that also includes the Loyal Order of the Moose Lodge building. e DCI is expected to be developed by Re lated and then donated to the uni versity, which would not pay taxes on the property.

In May, Ross and Ilitch revealed an expanded vision for the area around the DCI, which included a host of new and redeveloped build ings — including many which had long been on Olympia’s drawing boards but which hadn’t yet come to fruition.

How much of the vision laid out by Ross and Ilitch on Tuesday and in recent months becomes reality, and when, is contingent on factors rang ing from construction costs to nancing, market demand, forging partnership agreements and fund raising for the DCI, among a host of others.

Contact: kpinho@crain.com; (313) 446-0412; @kirkpinhoCDB

borhood Enterprise Zone tax freezes. More speci cs on new, redeveloped buildings

660,000-square-foot tower on Executive Plaza Drive into a mixed-use building, perhaps with residential components, and build multifamily units on the vast acreage he also bought from Ford behind the building.

It’s not just local buyers getting in on the action: A buyer based in the Syracuse area paid $5 million for the Ford-owned former Benihana restaurant property on Hubbard Drive a year ago, public records show.

A New York-based company called North Empire LLC, through a string of limited-liability companies, has paid north of $69 million for Ford buildings in Dearborn, Detroit and Allen Park, including the Ford Manufacturing Development Center on Hubbard Drive ($23 million), the Detroit Chassis LLC building ($11 million) on Lynch Road and a building on Mercury Drive ($10.894 million). An email was sent to North Empire seeking comment.

e sales come as Ford revamps its Dearborn footprint.

“What they’ve done so far has been really interesting,” said Jared Friedman, senior managing director of Farmington Hills-based Friedman Real Estate, which has looked at some of Ford’s properties, including Regent Court.

“If you look at everything between Hubbard, Ford, Mercury and Southeld, basically that whole square mile is basically gone. ey don’t really have anything there that they own.”

Ford has said for years that part of its e ort to overhaul its campus in Dearborn involved shedding buildings and other properties it no longer needed.

Some of those include buildings that it never occupied itself, said Jim Dobleske, CEO and chair of Ford Land, in an interview earlier this year. He was not available for an interview in the last couple weeks.

“ ey weren’t occupied by Ford pre-COVID, during COVID and they won’t be in the future,” he said. “Some of them were third-party tenant sites and our suppliers, those are third-party tenants and their return-to-work model, their evolution of work, has changed as well so that as they decide to come back and return to work or not, for those assets that we just don’t see tting into the overall strategy of Ford going forward, that’s how we looked at that portfolio and made some of those decisions.”

Campus overhaul

Ford announced a large Dearborn campus overhaul in September 2019, six months before the onset of the COVID-19 pandemic.

But the overhaul has been in discussions for years, envisioned in earlier forms even pre-Great Recession, which put a halt to them. ey were revived around 2016 as 10-year campus transformation plans.

e e ort was aimed at helping the company attract and retain top talent, particularly as tech companies in Silicon Valley and elsewhere compete with automakers for engineers and other highly skilled employees.

When Ford shifted to hybrid work in 2020 as a result of the pandemic, employees who were “non site-dependent” could choose to work from one of ve locations on the Dearborn campus, Gabrielle Poshadlo, a spokesperson for Ford Land, said earlier this month.

at resulted in many of its buildings — including Regent Court — being closed.

“Ford regularly reviews its global portfolio to ensure our campuses and facilities enable our business objectives and provide a great environment and experience for our teams,” Poshadlo said in an email in November. “As part of that review, we continue to consolidate our teams to optimize collaboration with modern facilities while divesting non-core sites. is includes our Dearborn footprint where we are building a more cohesive campus while exiting properties that are no

Perhaps the biggest change, Dickow said, is the fact buyers are having more of a ight to quality in this current environment.

“Mediocre companies are really challenged in this market,” Dickow said.

Other advisers in the M&A space with whom Crain’s spoke are even more bullish than Dickow, with a common feeling that being smaller is often better.

“We’re a boutique adviser,” said Michael Roth, managing partner at Bloom eld Hills-based M&A advisory rm Vlasic & Roth LLC. “And so we have less deal ow, but we have enough deal ow where we’re able to nd work for everybody who works with us.”

Tracy Larsen, co-chair of the M&A practice at Honigman LLP and managing partner of the rm’s Grand Rapids o ce, said the middle market in which he and many of his investment banking colleagues generally work remains fairly insulated from many of the macroeconomic pressures often found in bigger ticket deals.

A key reason for that, according to Larsen, is the more than $1 trillion that private equity has in “dry powder,” or investor capital that those funds need to deploy for deals. at capital still needs to be put to work, Larsen notes, and the supply of quality companies remains ample.

e M&A attorney told Crain’s that he had 18 deals on his plate for this year, and through September three have been moved to early next year, but he expects them to close; one deal was canceled because the seller thought he could wait it out and nd a better deal, and the rest have closed.

“A lot of the depressed activity is at the high end of the market,” Larsen said. “ e middle market continues to chug along.”

Private equity takes a hit

e depressed activity in certain M&A sections mentioned by Larsen is showing up anecdotally and in myriad data.

Global private equity deal value in October fell more than 54 percent year-over-year to about $32.27 billion, the lowest monthly total in 2022, according to data from S&P Global. e total number of PE deals in October was 1,042, a decline of 40 percent from a year ago. e surge in interest rates this year has created an issue for the traditional playbook run by private equity, which has been bolstered for years by cheap debt that can be worked into a deal.

U.S. Federal Reserve Chairman Jerome Powell and the Fed’s tightening of monetary policy, however, has changed that equation.

“I cannot recall as precipitous a change as is occurring right now,” Bruce Hague, Chicago-based president of national commercial banking for CIBC U.S., who has worked on leveraged buyouts for decades, told Crain’s Chicago for a recent report. “I don’t think it’s done yet.” e changing private equity dynamics and broader economic headwinds have certainly led to lower returns for money managers.

Speaking in November at a private equity conference in Ann Arbor, Woodrow Tyler, the interim CIO for the city of Detroit’s Police and Fire Retirement System, told attendees that returns in xed income and equity investments were down this year in the “mid-teens,” of about 16 percent to 17 percent. at gure is in line with data from Crain Communications Inc.

publication Pensions & Investments, which in November reported that equity and xed-income investments are down about 15 percent year-to-date through Nov 4.

“ e sell-o has hit everyone, including index managers, which saw a signi cant decline in assets under management,” reads the P&I report. ere is, however, a silver lining for private equity fund managers: Raised capital that needs to be deployed can go further in this environment given that valuations for companies have declined from a year ago in most cases.

Je Helminski, managing director with Grand Rapids middle-market private equity rm Auxo Investments, acknowledged such a dynamic during an interview with Crain’s in November.

“It will be interesting to see if there are certain sellers that had a set of expectations in mind when they went to market that maybe was re ective of where valuations were a year ago,” Helminski said. “And (maybe) that results in deals not closing, or at least for a period of time until the world settles down and we see what the future looks like. Maybe there’s a lower level of transactions closing, but I think deals are still going to get done.”

Dickow, the investment banker, also pointed to another potentially positive dynamic for private equity investors and M&A more broadly. Even though the debt needed to make transactions viable has gotten more expensive, the returns on offer for investors still beat most alternatives.

“An 11 percent return on the S&P is not there right now,” Dickow said. “15 percent (in private equity) is pretty good.”

Contact: nmanes@crain.com; (313) 446-1626; @nickrmanes

longer needed such as Regent Court.”

e plan from three years ago called for 2.2 million square feet of new space, replacing buildings on the 700-acre Research and Engineering Center campus.

“It’ll be the cornerstone of the entire campus, pulling together di erent teams, design teams, engineering teams, so that we can really work collaboratively in everything that we do,” Dobleske told Crain’s in a May interview.

In November 2014, according to a request for proposals Crain’s obtained, Ford owned some 71 buildings totaling about 13.1 million square feet in and around Dearborn.

Contact: kpinho@crain.com; (313) 446-0412; @kirkpinhoCDB

JANE MCCURRY Executive Director Clean Fuels Michigan

KYLE

MATT ROUSH

SIMON WHITELOCKE

MAUREEN DONOHUE KRAUSS President

Ford sold the Detroit Chassis building on Lynch Road for an estimated $11 million

FORD HAS SAID FOR YEARS THAT PART OF ITS EFFORT TO OVERHAUL ITS DEARBORN CAMPUS INVOLVED SHEDDING PROPERTIES IT NO LONGER NEEDED.

Central Detroit Christian’s Johanon sees herself as ‘just one big mother’

crainsdetroit.com

President and CEO KC Crain

Group Publisher Jim Kirk, (312) 397-5503 or jkirk@crain.com

Publisher Lisa Rudy, (313) 446-6032 or lrudy@crain.com

Lisa Johanon stepped down as executive director of the Central Detroit Christian

Corp. at the beginning of 2021, but she’s back in the role after her successor decided to become a pastor. She wants to shepherd through a variety of housing-related projects the Central Detroit Christian has undertaken, including buying some tax credit properties where the tax credits have expired. She’ll rent about half of the 90 units in those buildings and sell the others, possibly for as little as $27,000 a unit for low-income residents. Central Detroit Christian has also developed about 250 housing units and is planning a 40-unit permanent supportive housing apartment building for the chronically homeless, as well as the development of more than 60 additional homes in the community. Johanon talks about why a ordable housing is important to her, why she considers herself a mother to many and the grave error she found in her publishing debut.

 Why is a ordable housing a priority?

To me, it’s just an incredibly important vision to have because it’s such a great need … And so, you have to put the face on it of people. You can’t just talk about it as units. If you do, it’s easy for you to become this old, crass, corporate person, you know, because it is about the people, right? And there aren’t enough units. That’s the reality of the city of Detroit. We’re short. I don’t even know what the number is anymore. I said it once and somebody laughed and said, ‘Oh Lisa, it’s 10 times that.’ … I can remember people going, ‘We don’t need a ordable housing. We need market rate housing.’ And now at least people are saying, ‘Yeah, we do need a ordable housing.’ And I do feel like the city has made dramatic steps in that direction.

 Why do you think Central Detroit Christian has a role in helping people nd those permanent addresses?

I think it’s unrealistic if we’re expecting that corporate America is going to do it. Because their goal, again legitimately so, is to make money. That’s what corporations are designed to do. And so nonpro ts don’t have that, they don’t go into things with that same goal. You don’t go in to try to lose money, you know, but you’re not driven by the almighty dollar bill. You’re driven by people.

 You live in the area that you serve in Piety Hill. What di erence does it make to be a neighbor in that community?

You know, I met with a woman last night. She called me earlier in the week and she was crying. And I said, ‘What’s wrong?’ And she goes, “I just don’t have any adults to talk to since my mom died.” And I said, “Well, let’s get together. Let’s talk.”

And you know, I just sat and I listened

to her for an hour and a half last night tell her story. … Everybody has a book, everybody has a story to tell. And so I really view it as an honor. … So yeah, I think it makes a huge di erence. I think when it comes to collecting rent, if I can be crass with you, you know, “I’ve known you since you were 13 years old, and you’re late on your rent, what’s going on, girl? I’m gonna take you out behind the woodshed I’m gonna — you know.” And I can say those kinds of things, whereas typically I couldn’t say that to somebody I don’t have a relationship with or vice versa.

 You said that you grew up in “a household of chaos and confusion.” How does that inform the work you do?

I think my chaos was tough. I ain’t got nothing on some of the folks that I’m in touch with on a daily basis and I wasn’t born with a silver spoon. And so it makes it easier for me to reach back and be sensitive to that. And I’m not one of those people who wants to shy away from it. I know of many people who have grown up in poverty who want to turn their back totally on it. I think that’s unfortunate, because that’s why the problems continue to exacerbate themselves.

 I read that you have two biological children and many non-biological children. What does that mean?

It means there’s a lot of people that call you mom. … I get people who I’ve known since they were kids, and they’re grown-ups now. And, you know, “Ma, I gotta tell you, this is what’s going on in my life.” So you do have a lot of children. A lot of people who need you. You know, if somebody really asked me, “What do I do, what is the executive director at

BY | ARIELLE KASS

Central Detroit Christian?” I would say what I do is I’m just one big mother, and you can take that however you want. But you know what, when you break this all down, it’s really being a mother to people and mother to people in terms of, “Do your homework and do well in school, let’s help, let’s get a job. Let’s help you nd

Lisa, you need to write a book.” I said I did. I wrote a cookbook.

 You wrote a cookbook? Tell me about it.

Well, it was crazy. I just said, “You know, I’ve got to get my life in order.” And I have these recipes on little scraps of

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RUMBLINGS

Detroit’s iconic Hotel Yorba put up for sale for $2.95 million

DETROIT’S HOTEL YORBA has been put back on the market at a reduced price.

e building in the city’s Hubbard Farms neighborhood, made famous outside the state by e White Stripes song of the same name, is listed for sale for $2.95 million, reduced from $3.2 million that was sought nearly four years ago when it was under contract in a deal that was never nalized.

A listing in CoStar Group Inc., a Washington, D.C.-based real estate information service, says the four-story building at 4020 W. Lafayette Blvd. has about 250 hotel rooms with common bathrooms on each oor, and that it could be converted to 70 or 80 studio, one- and two-bedroom apartments, depending on a

e property is owned by Gerald Jankowski, according to city property records.

According to Historic Detroit, which tracks Detroit buildings and architecture, the hotel opened in 1926 after being designed by Detroit architecture rm Pollmar & Ropes for hotelier Samuel Plotkin. It cost less than $200,000 to build (about $3.4 million adjusted for ination).

A 2013 article in Curbed Detroit describes it as a building that has “grown up to be part retirement home, part transient destination, and formerly part parolee drop-o .” e building name served as the title for a 2001 White Stripes song, the Detroit rock band’s rst single, on the “White Blood Cells” album.

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Community Development

developer’s programming.

Leo Gonzalez, the broker who has the listing, declined comment urs-

day morning and deferred to an attorney working on the sale. e attorney has not returned a message.

Lisa Johanon is executive director at Central Detroit Christian Community Development Corp.

Join us at Crain’s Family Business Summit to learn from family business executives and hear their insights on acquisitions, innovation and changes within family-run organizations. The event will include a keynote speaker and panel moderated by KC Crain.

Legacy of a Leader

William “Bill” Davidson (1922-2009)

A lifelong entrepreneur and philanthropist, Bill Davidson achieved tremendous success in international manufacturing and the sports and entertainment industries.

Mr. Davidson established the William Davidson Foundation to continue his commitment to transformative ideas, institutions, and initiatives that deliver lasting value for Southeast Michigan, the State of Israel, and the Jewish people.

Today - on what would have been Mr. Davidson’s 100th birthday - the Foundation honors his legacy of leadership.