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FEBRUARY 19-25, 2007 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 15 HIGHER EDUCATION Students seeking career counseling to sort options
By SHANNON MORTLAND speakers to talk to the students them to wait until the student has offered at college and get feedback students than from (the career [email protected] about careers, he said. a year of college under his or her from other students, she said. services office),” she said. “The first step in career devel- belt before exploring career The web page, which had 7,000 udy Eskin’s daughter Lauren is opment is to understand who they options. That was the advice she Give and take hits in the first week, also includes confused. are, what they like, what they’re gave Lauren and Judy Eskin, who Feedback and advice from fellow information such as résumé tips, The Pepper Pike student good at and what they value,” Mr. know Dr. Lurie on a personal level. students seems to be popular. job fairs and opinion polls, Ms. Jplans to go away to college next Titterington said. “It makes such practical sense Kent State University in January Owens said. fall but has no idea what she wants However, career counseling can to get this figured out at 16, 17 or launched a career services web Cleveland State’s Mr. Klein said to major in or the career she wants be done too early, cautions Sunny 18, but the reality is they need a page on the university’s intranet students can never be too pre- to pursue. Lurie, founder of Fast Focus couple of years of experience,” Dr. system that allows students to pared and they should at least And, if Lauren doesn’t figure it Careers, a career counseling work- Lurie said. “Most are just not there share their experiences about jobs, have an idea of the career direc- out after her freshman year, Mrs. shop in Cleveland. yet emotionally.” internships or exploring careers, tion they want to take early in col- Eskin plans to put her in career Though she sees more parents She said the most popular time said Carla Owens, assistant director lege. counseling. trying to put their teenagers for students to get career counsel- of career services at Kent State. “You have to make decisions “You would hate to spend through career counseling prior to ing is after their freshman year in “We find that a lot of students pretty early, or else it’s possible $40,000 a year to send a kid to college, she said she often tells college so they can see what’s learn more from their fellow you may lose time,” he said. ■ college and three years through, she decides to do something totally different,” Mrs. Eskin said. “What’s another $500 (for private career counseling) for my kid to figure out what she wants to do?” Lauren Eskin is like many college-bound students who don’t know what they want to do upon high school graduation. As a result, more students are seeking career counseling at an earlier age, or their parents are finding career counseling for them to avoid paying tuition longer than they have to, said Paul Klein, director of the Career Services Center at Cleveland State University. “People are starting to think of careers earlier now,” he said. “It’s pretty overwhelming for high school students.” An early start Cleveland State is creating a program called “Exciting Careers in the 21st Century,” which it hopes to launch next October, Mr. Klein said. As part of the program, employers would set up booths on campus to display their products and projects so students could learn more about that company or that profession. He said the program would not be a job fair; rather it’s more of an information session to teach students about the types of careers that are available. He said many students automatically bypass certain careers because of preconceived notions about what that job entails. Cleveland State also wants to introduce students to career options through a career orientation class it hopes to pilot next fall, he said. Though it’s still in development, he said the class likely would be an In- ternet-based course that would earn students one college credit. The university is talking with several local high schools, which he would not name, to offer the class to a total of 75 to 125 students, Mr. Klein said. Some local high schools already are taking a step beyond having students meet with their counselors in an effort to give those students a leg up when they’re considering colleges and careers. All juniors at Westlake High School must take a semester-long course in which they explore careers and create a plan for after high school graduation, a portfolio and résumé, said Dave Titterington, a teacher and chairman of the busi- ness and vocational department at Westlake High School. While the program contains tried-and-true activities, such as college visits, the school also provides field trips that focus on certain industries and invites CCLB 02-19-07 A 16 CCLB 2/15/2007 3:06 PM Page 1
16 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM FEBRUARY 19-25, 2007 HIGHER EDUCATION Myers prez still finessing school’s numbers
whom higher education isn’t obvi- Exec turns his focus to enrollment, retention ous, not because of academic weak- ness, but for monetary, awareness figures following university’s fiscal crisis or preparation reasons,” Dr. Scaldini said. “It’s one thing to get admitted By JOEL HAMMOND private, not-for-profit business to school, but it’s then another [email protected] school on a delayed funding mech- thing to be able to show up and go anism while waiting on a letter of to class. The majority of our students hen he was installed as credit, which Myers secured days are adults who work; they’re tradi- the 18th president of before the Jan. 16 deadline. tional heads of households. Our Myers University in Myers board member Jamie Pilla students go to school, they’re not late June, Dr. Richard (through Independence Bank), the already there. You can’t be an urban ScaldiniW had a number of goals Cuyahoga County commissioners university and not take that on.” regarding growing the school’s (through KeyBank and National To do that, Dr. Scaldini has enrollment and retaining its grad- City Bank) and businessmen Sam borrowed his “value proposition,” uates within the city of Cleveland. Miller, Albert Ratner and Carl focusing on accessibility, afford- Nearly eight months later, Dr. Glickman ponied up guarantees in ability and accountability, from a Scaldini is finally the event the school report released in September by the turning his attention failed to get its collec- Spellings Commission, a group to those goals. “There was work to tive head above water. formed in 2005 and named after U.S. Having secured in be done and hurdles The need for the Secretary of Education Margaret January a $1.2 mil- to overcome, but I assistance stemmed Spellings that focuses on reforming lion letter of credit determined the from what Dr. Scaldini higher education. that satisfied a U.S. called “financial Within that generic framework, Department of Edu- institution was events that led to Dr. Scaldini has a number of specific cation request and indeed viable.” losses” two years goals for Myers, including: allowed the school to ago, which knocked ■ The continued evolution of its remain open, Dr. – Dr. Richard Scaldini the school’s bottom president, Myers University online education options, recently Scaldini is attempt- line below a DOE ranked in the top five for the state ing to turn the page, guideline. by the Ohio Board of Regents; rehab Myers’ image and get back to Dr. Scaldini met with city busi- ■ A continued community out- what he does best: educate students. ness and foundation leaders in an reach effort, such as Myers minority “I met with the board of trustees attempt to secure the necessary entrepreneurs program, which and was aware of the issues the assurance, and Mr. Pilla’s 11th-hour partners students with business school was facing,” said Dr. Scaldini, offer, the work of Messrs. Miller, professionals. Within those part- a veteran of both international Ratner and Glickman and a pledge nerships, students assist with banking and higher education, of from the commissioners helped business plans and get a general his decision to take the job at satisfy the DOE. feel for the business world; Myers. “There was work to be done “I kept reading that this school JANINE BENTIVEGNA ■ Implementation of an over- and hurdles to overcome, but I was at risk, in peril, and I thought After eight months on the job, Dr. Richard Scaldini, president of Myers Univer- hauled management information determined the institution was to myself, ‘Surely, between the sity, is setting his sights on growing the school’s enrollment and keeping its grad- systems curriculum, which Dr. indeed viable. (Greater) Cleveland Partnership uates within the city of Cleveland. Scaldini says is an example of the “Now, I’m getting to put a lot and all the other organizations that school’s drive to keep up with the more time into further developing we have to bring business into With the necessary assistance, finance for UBS Securities, an arm shift to a global, technology-driven the school’s educational model Cleveland, they’d also be interested Dr. Scaldini now has the opportunity of Union Bank of Switzerland. workplace. “Responsiveness is and spending less time on bank- in keeping businesses here,’” Mr. to call on his financial background mandatory,” he says; ing.” Miller said. “I thought it behooved to continue to bring the school out A warm embrace ■ Maintain its current price us to make this move. With all the First things first from underneath its financial Dr. Scaldini has advised his staff position, which places Myers $2,000 institutions we have in this city troubles, losses that amounted to that in order to continue toward to $3,000 below many independent Myers’ close call has been well and the budgets they have, I could deficits of $3.4 million in 2005 and long-term viability, they must institutions in the area and just documented: The U.S. Depart- not understand why they hadn’t $680,000 last year. embrace the demographic chal- above public institutions. “We ment of Education placed the stepped up to the plate.” Before stints at Hiram College, lenges that Myers faces as a metro- provide the kind of environment Washington University in St. Louis, politan university. According to you’d look for in a small liberal arts George Washington University, university data, 55% of Myers college for plenty less,” he says. Georgetown University and Dart- students reside in Cleveland and 85% He also says the school’s three ,### 0EOPLE mouth College, Dr. Scaldini served within Cuyahoga County, statistics satellite campuses in Cleveland 11 years in the corporate finance that present unique obstacles. Heights, Eastlake and Rocky River sector, eventually landing as “We are an urban school, and are key to maintaining and improv- 3OME OF THE "EST managing director of corporate have a large number of students for ing upon the school’s level of acces- sibility. A passion for students While many of Dr. Scaldini’s for- mative years were spent traveling across Europe in his duties with UBS, he admits a passion for higher education brought him back to the industry. “This is a business that really invokes passion. It is painful to me WWWLORAINCCCEDU to contemplate the closure of an s !SSOCIATES $EGREE 0ROGRAMS educational institution,” Dr. Scaldini said. “There’s nothing like the sense s "ACHELORS AND -ASTERS $EGREE 0ROGRAMS of obligation you feel in higher FROM EIGHT OF /HIOS TOP UNIVERSITIES AND education. You walk out your office BuildingYourFinancialFutureBuilding Your Financial Future and see these young people who COLLEGES THROUGH THE ,### 5NIVERSITY are building lives on the basis of 0ARTNERSHIP PROGRAM The Ohio Educational Credit Union what you’re doing.” s "EST 4UITION 6ALUE IN /HIO From Mr. Miller’s perspective, he has been serving its members with saw that the problem many in the s 2ANKED AS ONE OF THE TOP FASTEST GROWING quality financial tools since 1933, city bemoan, so-called “brain COMMUNITY COLLEGES IN THE NATION drain,” was about to happen again; and we look forward to serving you. the city was on the verge of possibly losing its next set of young busi- nessmen and women. . !BBE 2OAD %LYRIA /HIO “There were 950 kids at risk, 1-800-552-6328 some of them at the mid-term, some of whom had no other options,” www.ohioedcu.com Mr. Miller said. “And we couldn’t help them out?” ■ CCLB 02-19-07 A 17 CCLB 2/15/2007 3:31 PM Page 1
FEBRUARY 19-25, 2007 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 17 HIGHER EDUCATION
keting research and planning. LEARNINGFROM ... Finally, at the age of 53, Mr. Hauser decided the business envi- BILL HAUSER ronment had changed too much for Associate director, assistant professor him to enjoy. It was time to go back Taylor Institute for Direct Marketing to trying to land that dream job. University of Akron “Things were becoming very cutthroat and, honestly, I was ill Hauser always wanted a getting tired of fighting internal job in academia. But as a battles and not doing the things I member of the Baby was getting paid to do,” he said. Kevin T. Boomer generation, he He found a teaching job with the Jacques Bfound he usually was one of 300 to University of Akron’s Taylor Insti- (from left), an 400 applicants for each academic tute for Direct Marketing in 2003, associate position. working as associate director and professor at Even a doctorate in sociology assistant professor. His main areas Baldwin-Wallace and a post-doctoral fellowship of research and teaching are in College, over- didn’t help him land his dream e-marketing, direct interactive sees investment job. Instead, he quietly settled into marketing and marketing analytics. club students the corporate world for almost two He had been a part-time profes- Anubhav Gera, decades, holding a variety of sor of sociology at the University Elva Coadari market research and business of Akron since 1985. Before that, and Dave development positions. he was a visiting professor at Hellisz. In St. Louis, he worked as deseg- Washington University in St. Louis MARC GOLUB regation monitor and analyst for and West Virginia University, the schools, and as a senior research where he also taught sociology. Georgetown University, and from with his students about the world associate and grants writer for a Even with his experience in LEARNINGFROM ... 1999 to 2001 he taught undergrad- of finance. military contractor. higher education, Mr. Hauser ran uate and graduate classes in He said he finds it hard to share In 1983, after the death of his into a few transitional issues. KEVIN T. JACQUES macroeconomics as an assistant enough with his students who first wife, Mr. Hauser moved back “Universities, especially public Boynton D. Murch Chair in Finance professor of economics for John have an intense interest, tapping to Akron for family support in ones, are slow-moving bureaucra- Associate professor Carroll University before return- into his expertise. raising his then 2-year-old son. cies regulated by a number of state Baldwin-Wallace College ing to Washington, D.C. “They want to learn what you Back in Ohio, he continued his and federal laws,” he said. “No But life in Washington, D.C., is know, and you want to give them path through the business world. matter how important you were in fter graduating from expensive and stressful. So in that knowledge of where you’ve He took a position at Rubbermaid the corporate world, you are just Michigan State University 2005, Mr. Jacques moved his wife been and what you’ve done,” he Inc. in Wooster as manager of the one of a large number of profes- in 1990 with a doctorate and two small children back to said. “I want to take that group of market research department, even- sors to the students. Check your in economics, Kevin T. Cleveland, where he decided it students and make them better tually assuming the duties of busi- ego at the door.” Jacques’A first job was as a financial was time to jump into a full-time than me at the end of the day.” ness development research. In 1996, But like others in his position, he economist with the Office of the teaching position. Mr. Jacques said he does miss he moved to Rubbermaid Juvenile said he’ll take the cons for the re- Comptroller of the Currency in He found his place as the some aspects of his professional life, Products Division, Little Tikes for a wards of working with extremely Washington, D.C. Boynton D. Murch Chair in Finance like having access to high-ranking similar management position. He motivated students, a laid-back The position, he said, gave him and associate professor at Baldwin- policy makers in this country. went to KeyCorp in 1999 as senior environment and the opportunity to the opportunity to address critical Wallace College. He also misses being intimately vice president and director of mar- do positive, creative things. ■ international banking and finance Since he had some teaching involved in the day-to-day decision policy issues while giving him the experience, moving to the classroom making on international economic chance to do academic research. full-time was not a big adjustment. policy and banking issues. He spent 14 years with the He’s transferred his passion for But he’ll take the intellectual U.S. Department of the Treasury, financial policy into a passion for exchange with students over the most recently as a senior financial teaching. He advises the college’s rapid pace of life in the capital city. economist in the Office of Finan- investment club, which manages “It can be a very stressful cial Institutions. $175,000 of the endowment fund, lifestyle — it’s fun, but a lot of He also taught part-time at and he regularly meets just to chat stress,” he said. ■
gets to interact with a broad range earnings potential in exchange for of individuals. more flexibility and low pressure. FINE He’s gone from traveling 100,000 “This job is the most fun I’ve miles annually to taking no more ever had making the least amount continued from PAGE 13 than a couple trips a year. And he of money,” Mr. Fine said. “It’s not decision making, mergers and jokes it’s not too bad having time as simple as just standing in front acquisitions, valuation and private off during the holidays and over the of a captivated audience and equity. summer. telling war stories. Mr. Fine said the best part of The downside, he said, is that he’s “You need to have the same RUGGERO FATICA teaching is that he’s in “an incred- not actively engaged in a business quest for knowledge and personal Bill Hauser, associate director and assistant professor at the Taylor Institute for ibly stimulating environment” and that excited him. He’s also sacrificed growth that your students do.” ■ Direct Marketing at the University of Akron, lectures on creative marketing.
Access program’s 84% retention rate. That figure, which has remained CSU aims to integrate school’s disability services constant for the past few years, is higher than the comparable statistic By HARRIET TRAMER Taylor Heard, director of the However, those regulations no disability services office into the for Tri-C students as a whole. [email protected] Comprehensive Learning Center. longer apply since the university broader college community. Retention rates are calculated by The center, created last April, finances all components of the For example, it established the determining the percentage of change for Cleveland includes the college’s mentorship Comprehensive Learning Center, Bridge program in 2000 at each of students who remain enrolled at a State University’s Office and student exchange programs, including disability services. its three campuses, said Access school for the entirety of the of Disability Services not as well as the freshman orientation As such, 288 students are director Rose Kolovrat. This initia- academic year under consideration. only has resulted in more program and tutoring center. enrolled in the disabilities services tive helps students with disabilities At Ursuline College, technology studentsA being eligible for assis- “Students have to self-identify database this semester, which is a transition from high school to has transformed the dynamics of tance, it has meant that those (as having special needs) before 21% increase, Dr. Heard said. college, offering sessions in math- assisting students with special needs. seeking help are being integrated disability services can work with Dr. Heard said that networking ematics, language arts and infor- “It is no longer just a matter of into a broader array of the college’s them,” said Dr. Heard of students with mentors or tutors at the mation technology. having somebody take notes for a programs. seeking help. “They are more center helps also students in Access, which has at least 950 student who is visually impaired,” Cleveland State’s disability inclined to take that step if the disability services formulate career participants, also provides sup- said Eileen Kohut, director of the services in July became part of the office is part of the center, which a choices and know what workplace port groups designed to teach self- Pepper Pike-based school’s academic school’s Comprehensive Learning wide range of students uses.” accommodations they will need. advocacy, social skills and how to support and disability services. “We Center, which means that students Before the merger, the disability The focus by Cleveland State approach professors for help. have computers that can scan notes turning to disability services for services office received funding on its disabilities services mirrors “Students are more likely to stay and read them back to a student. Or, accommodations such as Braille through the U.S. Department of efforts seen at other colleges and in college if they become part of a if a student has a learning disability, books or adaptive technologies are Education. As such, federal regula- universities. support group,” Ms. Kolovrat said. we have computers that will under- now in a position to have more tions made students whose Cuyahoga Community College, Ms. Kolovrat said disability line a group of words and read these contact with some of the college’s incomes exceeded certain guide- through its Access program, has services initiatives such as the sup- words aloud. That makes things a lot other programs, said Janice D. lines ineligible for services. long attempted to integrate its port groups are responsible for the more comprehensible.” ■ CCLB 02-19-07 A 18 CCLB 2/15/2007 2:18 PM Page 1
18 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM FEBRUARY 19-25, 2007
BUCKINGHAM, DOOLITTLE & Tiffany Skowronski to art director. GOING PLACES BURROUGHS LLP: Martin J. LIGGETT STASHOWER: Stephen Pangrace to associate. Veres to chief operating officer; Matt SZARKA FINANCIAL MANAGE- JOB CHANGES HAHN LOESER + PARKS LLP: Mukavetz to information technology MENT: Deborah Zerbini to client Steven E. Seasly, Nancy A. and operations manager. manager; Sherri Wallace to recep- ARCHITECTURE Valentine and Jeffrey A. Yeager to tionist and administrative assistant. VILLA BEACH COMMUNICATIONS ASD: Larry Caruso to associate. partners. INC.: Chris Hongosh to graphic VANTAGE FINANCIAL GROUP: MBI/K2M ARCHITECTURE INC.: ROBERT J. FEDOR ESQ. LLC: Amy designer. Martin J. Uhle to chief executive Pesecky Avery Pangrace E. Fedor toof counsel. Richard L. Cooper to director of officer. architecture; Julee A. Crossan to ULMER & BERNE LLP: Jeffrey S. REAL ESTATE procurement specialist. HEALTH CARE Dunlap to chair, employment and CB RICHARD ELLIS: Joseph labor group; John J. Haggerty to Greenberg to vice president, DISTRIBUTION UNIVERSITY HOSPITALS CASE chair, business litigation group. industrial services. MEDICAL CENTER: Dr. Rod HARWICK STANDARD DISTRIBU- WALTER & HAVERFIELD LLP: Mark Rezaee to director of head and neck DEVELOPERS DIVERSIFIED TION CORP.: Jim Houston to vice Fusco to partner. REALTY: Christa A. Vesy to senior president, finance and CFO; Terry R. microvascular reconstructive surgery. vice president and chief accounting DeLapa to vice president, marketing; MANUFACTURING officer. Jeffrey W. Patterson to vice presi- Dunlap Haggerty Fusco dent, sales; David R. Schultz to HOSPITALITY AKRO-MILS: Jim Rastetter to HOWARD HANNA SMYTHE director of operations. CRAMER: Mary DeFoy, Bainbridge, technical director. GATEWAY HOSPITALITY GROUP: MOEN INC.: Mark Loeper to vice and Jim Congin, Solon, to sales Rita Pesecky to director of human associates. FINANCE resources and corporate president, general manager, Creative TRANSACTION REALTY: David L. OHIO COMMERCE BANK: Dell R. communications. Specialities International. Albert Sr. and Kathleen Lunar to Duncan to executive vice president WHITE DOVE MATTRESS LTD.: sales associates. and COO. INSURANCE Donald J. Sohl to vice president, retail sales. MEDICAL MUTUAL OF OHIO: Lori SERVICE FINANCIAL SERVICE Avery to manager of operations. CAREERBOARD.COM: Sarah Kent BROCKMAN, COATS GEDELIAN & MARKETING Rastetter Veres Mukavetz to general accountant; Rian CO.: Jennifer Davies and Emily DIX & EATON: Kirsten Vollmer to LEGAL Spremulli to market development Sinchok to associates. assistant art director; Ann Webster BAKER & HOSTETLER LLP: representative. PEASE & ASSOCIATES: Amy I. Emanuel Cotronakis to international to director of production services; LNE GROUP: Jason M. Smith to Kinkaid to manager, small business industry team coordinator; Mathew Joe Galbreath to art director. vice president. department; Denni Sanchez, Kerry B. Beredo, Jason P. Perdion, GIANFAGNA MARKETING & Flynn and Rachel St. John to staff Janet A. Spreen, Monica S. COMMUNICATIONS INC.: Jennifer accountants, tax; Matthew Verma and Nathan F. Ware to Grove to account supervisor; TECHNOLOGY McGowan to staff accountant, audit. partners. Kathryn Riter to account executive; BLUEBRIDGE NETWORKS LLC: Philip Weihe to CFO. Kemper Ross Krueger TRANSPORTATION GREATER CLEVELAND REGIONAL president. TRANSIT AUTHORITY: Chad Self to THE LEGAL MARKETING ASSOCIA- media relations manager. TION: Anne F. Cummings (Calfee, Halter & Griswold LLP) to president; BOARDS Andrea Shanklin to president-elect; Gary Bloom to vice president; CATHOLIC CHARITIES CORP.: Christine Picard Bowers to John J. Leonbruno Jr. (The Magis treasurer; Susan Avsec to secretary; Group) to chair; Diane Fusco to Jeanne Kostelnik to past president. vice-chair; Thomas K. Arbeznik to treasurer; Marcia MacBride to AWARDS secretary. CLEVELAND CLINIC: John W. AMERICAN ACADEMY OF Kemper Sr. (Avalon Precision Casting OPHTHALMOLOGY: Dr. Ronald R. Co.) to chairman, Western Region Krueger (Cleveland Clinic) received a Board; Dr. Ronald J. Ross (Hillcrest Senior Achievement Award. Hospital), to chairman, Eastern Region THE CLEVELAND ORCHESTRA Board AND THE GREATER CLEVELAND THE FEDERAL RESERVE BANK OF PARTNERSHIP: Dr. Charles S. CLEVELAND: Tanny B. Crane to Modlin (Cleveland Clinic) received the chairman; Alfred M. Rankin Jr. to Martin Luther King Jr. Community deputy chairman. Service Award. KOINONIA HOMES: Cathy Veverka SOUTHERN CHRISTIAN LEADER- (National City Bank) to chairman; Fred SHIP: Dr. Charles S. Modlin A. Watkins to vice chairman. (Cleveland Clinic) received the THE LAKE COUNTY DEVELOP- Distinguished Excellence in Medicine MENT COUNCIL: Steve Tsengas Award. to president; Jeffrey Shibley to vice president; Beverly Vitaz to secretary- Send information for Going Places to treasurer; Randy Horst to past [email protected]. CCLB 02-19-07 A 19 CCLB 2/15/2007 1:33 PM Page 1
FEBRUARY 19-25, 2007 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 19 OHIO VENTURE CAPITAL AND BUYOUT FIRMS LISTED ALPHABETICALLY
Preferred Capital Name Minimum project under Address investment investment management Geographical N.E. Out of Year Top executive, Phone/Web site (thousands) (thousands) (millions) preferences Industry preferences Ohio area founded Title ALPHA CAPITAL PARTNERS LTD. 417 Schenck Ave., Dayton 44883 $500 500-5,000 $135.0 Midwest None 2 8 1984 Andrew H. Kalnow, (937) 294-6938/www.alphacapital.com managing partner AUSTIN CAPITAL PARTNERS LP Low-mid tech 1422 Euclid Ave., Suite 721, Cleveland 44115 $500 1,000-4,000 NA Midwest manufacturing, NA NA 2000 Darrell W. Austin, (216) 574-2284/www.austincapitalpartners.com distribution managing partner BLUE CHIP VENTURE CO. Midwest, Health care, information 250 E. Fifth St., Cincinnati 45202 $1,000 5,000-10,000 $600.0 Mid-Atlantic, technology, media and 0 3 1992 John C. McIlwraith, (513) 723-2300/www.bcvc.com Ohio marketing managing director BLUE POINT CAPITAL PARTNERS Manufacturing, business 127 Public Square, Suite 5100, Cleveland 44114 $10,000 20,000 $798.0 United States services, value-added 0 7 1990 David P. Given, John F. Kirby, (216) 535-4700/www.bluepointcapital.com distribution managing partners BRANTLEY PARTNERS Health care services, Midwest, business services, Robert P. Pinkas, 3201 Enterprise Pkwy., Suite 350, Beachwood 44122 $5,000 10,000-20,000 $400.0 Southeast, low-tech, light 1 4 1987 managing general partner (216) 464-8400/www.brantleypartners.com Southwest manufacturing BRIDGE INVESTMENT FUND LP 11000 Cedar Ave., Suite 100, Cleveland 44106 $250 250-1,000 $8.0 Northeast Ohio Medical devices NA 2 2005 Michael Goldberg, (216) 658-5470/www.bridgefundllc.com managing partner CANDLEWOOD CAPITAL PARTNERS 10 1/2 E. Washington St., Chagrin Falls 44022 $3,000 10,000 $90.0 None Distressed investments 0 3 2001 David Glickman, (440) 247-2800/www.candlewoodpartners.com managing director CAPITALWORKS LLC 1111 Superior Ave., Suite 970, Cleveland 44114 $2,000 5,000 $60.0 None None 1 3 1999 Robert G. McCreary, 216-781-3233/www.capitalworks.net chairman, CEO CAPVEST VENTURE FUND LP Ohio, Manufacturing, 14 S. High St., New Albany 43054 $100 700 NA Wisconsin and distribution, business 5 5 2001 William M. Custer, Jakki Haussle (614) 855-9980/www.capvestvc.com Midwest services, technology managing directors CHARTER LIFE SCIENCES Medical devices, 3130 Highland Ave., Suite 3205, Cincinnati 45219 $500 2,000-3,000 $66.0 None biotech/specialty 0 3 2003 Dr. Donald Harrison, (513) 475-6643/www.clsvc.com pharmaceuticals managing director CID CAPITAL Life sciences, medical Midwest, technology, NA 4 1981 Peter G. Kleinhenz, 180 E. Broad St., Suite 1701, Columbus 43215 $500 2,000-10,000 NA United States manufacturing managing director, Columbus (614) 222-8185/www.cidcap.com technology, software CRYSTAL VENTURES 1120 Chester Ave., Suite 418, Cleveland 44114 $1,000 3,000-6,000 $170.0 United States, Early-stage NA NA 1997 Daniel Kellogg, (216) 263-5515/www.crystalventures.com Asia technology-based managing director CUSTER CAPITAL INC. Manufacturing, health 14 S. High St.,, New Albany 43054 $100 700 NA Ohio, Midwest care, distribution-enabling 5 5 1999 William M. Custer, (614) 855-9980/www.custercapital.com technology president DEVELOPMENT CAPITAL VENTURES LP 3540 Lido Court, Akron 44319 $1,000 2,000-3,000 $45.0 Eastern United Manufacturing, 2 0 1999 Wayne Foren, (330) 645-9050/www.dccgrowth.com States distribution, B2B services managing partner ➤
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20 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM FEBRUARY 19-25, 2007 OHIO VENTURE CAPITAL AND BUYOUT FIRMS LISTED ALPHABETICALLY
Preferred Capital Name Minimum project under Address investment investment management Geographical N.E. Out of Year Top executive, Phone/Web site (thousands) (thousands) (millions) preferences Industry preferences Ohio area founded Title
DRAPER TRIANGLE VENTURES Information technology, Ohio, medical devices, Michael Stubler, 737 Bolivar Road, Suite 1500, Cleveland 44115 $500 2,000 $125.0 Pennsylvania communications, 3 6 1999 managing director (216) 363-5300/www.drapertriangle.com materials EARLY STAGE PARTNERS LP Life sciences, polymers 1801 E. Ninth St., Cleveland 44114 $500 1,000 $44.0 Northeast Ohio and advanced materials, 1 3 2001 James M. Petras, (216) 781-4600/www.esplp.com advanced manufacturing managing director EDGEWATER CAPITAL PARTNERS 28601 Chagrin Blvd, Suite 205, Cleveland 44122 $1,000 4,000 NA United States Manufacturing, services, NA NA 1983 Christopher Childres, (216) 292-3838/www.edgewatercapital.com specialty chemicals managing partner EVOLUTION CAPITAL PARTNERS LLC Within 400 Brendan Anderson, Paul L. 29325 Chagrin Blvd., Suite 105, Pepper Pike 44122 $500 1,000-5,000 NA Miles of NA 0 1 2005 Gierosky Jeffrey D. Kadlic, (216) 593-0402/www.evolutioncp.com Northeast Ohio managing partners FRANTZ MEDICAL VENTURES 7740 Metric Drive, Mentor 44060 $250 250-1,000 NA United States Medical devices and 2 4 2001 Mark G. Frantz, (440) 266-5800/www.frantzgroup.com diagnostics managing partner THE GATES GROUP LLC 6120 Parkland Blvd., Suite 202, Mayfield Heights 44124 $1,000 5,000-25,000 $285.0 North America Parking management NA 2 2002 Walter Stuelpe, (440) 684-9900/www.thegatesgroupllc.com services and real estate managing partner
GLENGARY LLC Applied technologies, business services, Stephen R. Haynes, PO Box 202526, Cleveland 44120 $100 500 NA Northeast Ohio consumer products, 3 0 2002 managing director (216) 491-4700/www.glengaryllc.com health care, software KEY PRINCIPAL PARTNERS 800 Superior Ave., 10th floor, Cleveland 44114 $7,000 10,000-30,000 $500.0 United States None 0 4 1998 John R. Sinnenberg, (216) 828-8125/www.keyprincipalpartners.com and Canada managing partner KIRTLAND CAPITAL PARTNERS Manufacturing, 3201 Enterprise Pkwy., Suite 200, Beachwood 44122 $10,000 15,000-40,000 $400.0 Midwest distribution, B2B service 0 4 1977 John G. Nestor, (216) 593-0100/www.kirtlandcapital.com companies senior managing partner
LINSALATA CAPITAL PARTNERS Building products, Frank N. Linsalata, chairman 5900 Landerbrook Drive, Suite 280, Mayfield Hts. 44124 $7,000 20,000-35,000 $975.0 North America consumer products, 0 6 1984 Eric V. Bacon, Stephen B. Perry industrial products, direct senior managing directors (440) 684-1400/www.linsalatacapital.com marketing, apparel MAX-VENTURES LLC Retail, consumer 5900 Landerbrook Drive, Suite 203, Cleveland 44124 $2,000 5,000-10,000 NA United States products, service 2 4 2003 Michael Feuer, (440) 449-6000/www.max-ventures.com providers to retailers CEO, senior managing director
MORGENTHALER Life sciences, information technology, high-value Robin C. Bellas, 50 Public Square, Suite 2700, Cleveland 44113 $1,000 5,000-15,000 NA North America manufacturing, business 0 12 1968 managing partner (216) 416-7500/www.morgenthaler.com services MUTUAL CAPITAL PARTNERS FUND Ohio, Indiana, Michigan, New Wayne Wallace, 5805 Bridge Ave., Cleveland 44102 $500 1,000-2,000 NA York, None 1 1 2005 general partner (216) 928-1908/www.mutualcapitalpartners.com Pennsylvania NATIONAL CITY EQUITY PARTNERS 1965 E. Sixth St., Suite 1010, Cleveland 44114 $3,000 5,000-20,000 $1,000.0 United States None 3 16 1979 Edward S. Pentecost, (216) 222-2491/www.ncepi.com chairman, CEO NCIC CAPITAL FUND 900 Kettering Tower, Dayton 45423 NA 200-500 $20.0 Midwest Early-stage technology NA 2 1994 Frank J. Winslow, (937) 222-4422/www.ncicfund.com president, CEO NEXTEP EQUITY PARTNERS Robert H. Jackson, T. Daniel 1375 E. Ninth St., 20th floor, Cleveland 44114 $1,000 3,000-5,000 NA East of the Polymers, specialty 1 NA 2000 Clark, (216) 736-7293/www.nextepequitypartners.com Mississippi chemicals, composites managing partners OAK PARK VENTURES LLC 2577 Oak Park Blvd., Cuyahoga Falls 44221 $250 1,000 NA United States Real estate NA 1 2003 Michael S. Dearden, (330) 923-9529/ president OHIO INNOVATION FUND Life sciences, advanced 1120 Chester Ave., Suite 418, Cleveland 44114 $250 1,000 $12.5 Ohio materials, information 2 NA 1997 Timothy Biro, (216) 830-1171/www.oifventures.com technology managing partner PEPPERTREE CAPITAL MANAGEMENT, INC. Media, 3550 Lander Road, Suite 300, Pepper Pike 44124 $2,500 5,000 $75.0 United States telecommunications, 1 6 2003 F. Howard Mandel, (216) 514-4949/www.peppertreefund.com business services president
PRIMUS VENTURE PARTNERS INC. National, emphasis on Business services, health Loyal W. Wilson, 5900 Landerbrook Drive, Suite 200, Cleveland 44124 $5,000 5,000-20,000 $523.6 Midwest and care, education, 0 2 1983 managing director (440) 684-7300/www.primusventure.com East Coast communications REDLINE CAPITAL 20600 Chagrin Blvd., Suite 495, Cleveland 44122 $500 1,000 NA Northeast Manufacturing NA NA 1999 Todd Peter, (216) 991-1201/www.redlinecapital.com Ohio, Midwest president
RESILIENCE CAPITAL PARTNERS LLC Midwest, Northeast, Turnarounds and special Bassem Mansour, 25201 Chagrin Blvd., Suite 360, Cleveland 44122 $1,000 1,000-10,000 $75.0 Mid-Atlantic, situations - basic 1 2 2001 Steven Rosen, (216) 292-0200/www.resiliencecapital.com Southeast industries managing partners RIVER CITIES CAPITAL FUNDS Midwest, J. Eric Lenning, 221 E. Fourth St., Suite 2400, Cincinnati 45202 $1,500 3,000 - 5,000 $350.0 Diversified NA 4 1994 principal (513) 621-9700/www.rccf.com Southeast THE RIVERSIDE CO. North 50 Public Square, 29th floor, Cleveland 44113 $3,000 5,000-25,000 $1,600.0 America, Generalists, no real 0 26 1988 Stewart A. Kohl, Bela Szigethy, (216) 344-1040/www.riversidecompany.com Europe estate or startups co-CEOs ROCKWOOD EQUITY PARTNERS LLC Manufacturing, 3201 Enterprise Pkwy., Suite 370, Beachwood 44122 $1,000 2,000-10,000 NA North America distribution, business 0 5 1999 Owen M. Colligan, (216) 378-9326/www.rockwoodequity.com services principal ROULSTON VENTURES MANAGEMENT LLC 1200 East St., Fairport Harbor 44077 $500 1,000 $20.0 Northeast Ohio None NA NA 1980 Thomas H. Roulston II, (440) 350-1230/ general partner ➤ CCLB 02-19-07 A 21 CCLB 2/16/2007 3:21 PM Page 1
FEBRUARY 19-25, 2007 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 21 Wind: Energy industry driven by local market continued from PAGE 3 the community’s wealthy and are $200,000 of the county’s money and run by a board of local leaders that hope to attract similar grants from the changes over time. Fund for Our Economic Future and The Cleveland Foundation was Greater Cleveland Partnership to the nation’s first community foun- create an $800,000 pool to explore dation, and it has never been afraid wind power on the lake. to be a leader among its peers. So it “The foundation is a huge player in is not surprising that Mr. Richard this,” said David Nash, a local environ- and his board have decided on this mental lawyer and a member of the change of course. task force, adding, “It’s not a normal “The bottom line for us should be role for a philanthropic institution.” impact, and traditionally founda- Seeking ‘a few big hits’ tions have had impact by making grants,” Mr. Richard said. “But you Perhaps. But Mr. Stuebi, whose title can also have impact, sometimes is BP Fellow for Energy and Environ- more impact, by being a convener, a mental Advancement, said he believes facilitator, engaging in political the best strategy for attracting this new advocacy, being a think tank and industry to the region is to pioneer the even using the balance-sheet side of use of alternative energy products, the foundation.” such as the wind turbines. By that last comment, Mr. Richard “Our thinking is: If we want to be means using a portion of the founda- a center for this (advanced energy) tion’s $1.9 billion endowment for industry or some portions or strategic investments known as segments of this industry sometime “program-related investments.” The in the future, the local market is the Cleveland Foundation and other com- first place where the technologies munity foundations have made such and manufacturing will be tested investments in the past. For instance, and proved out,” he said. the Cleveland Foundation already has Alternative energy has gotten off invested a small portion of its endow- to a slow start, in part because the ment in Early Stage Partners, a Cleve- yo-yoing cost of oil makes it difficult land-based venture capital firm. to do cost-benefit analyses for oil al- But the ambitious nature of the ternatives. As a result, it has been dif- foundation’s current approach to its ficult for alternative energy busi- work is new, as witnessed by the $30 nesses to establish themselves. million it has invested in economic The reason for setting its sights on development initiatives since 2003. an industry with such an unknown “The scale of the Cleveland Founda- future is the belief, which Mr. Stuebi tion’s engagement (in economic attributes to Cleveland Foundation development) is impressive and president and CEO Ronn Richard, makes it a leader in this kind of effort,” that “Cleveland is not going to said Lucy Bernholz, president of Blue- rebound to greatness doing what print Research & Design Inc. of San everybody else is doing.” Francisco, a consultant to foundations While energy is a global and the philanthropic community. industry, Mr. Stuebi said the founda- “The dollar value of Cleveland’s tion believes Northeast Ohio can action and the size of the region and carve out an important role, as Sili- breadth of issue make this notable, con Valley has created for itself in even exceptional.” ■ semiconductors and computers. Mr. Stuebi said the foundation will make what he described as many “small bets” in various energy indus- tries, in the hope of achieving “a few big hits and a few that grow over time.” He said the foundation also will step up its efforts to persuade local and state officials to make the community attractive to new energy industry investment. A sense of community The Community foundations such as the Cleveland Foundation have dabbled in economic development before. But the Cleveland Founda- tion’s current approach represents a pioneering rethinking of priorities. Perfect Fit Where community foundations traditionally used “grants made” and The accounting firm for midsized companies is now in Ohio! “growth in assets under manage- We are the perfect fit for midsized businesses because that’s what we are—a midsized company that is on the ment” as yardsticks for success, the Cleveland Foundation is taking a move, just like you. And now that we have a professional services relationship with Hausser + Taylor LLC, broader view of gauging its impact we are the perfect fit for Ohio—with offices in Akron, Canton, Cleveland, Columbus and Elyria. that is beginning to gain acceptance by other community foundations. As one of the nation’s leading accounting, tax and consulting firms, we help clients move to the next level. “We’re approaching every grant we make from an economic devel- Consider RSM McGladrey. We’re the perfect fit. opment standpoint,” Mr. Richard said. ”Even in evaluating grants to Akron 330.670.6515, Canton 330.455.1120, Cleveland 216.523.1900, the art museum or the orchestra, we Columbus 614.224.7722, Elyria 440.323.3200 look at it from an economic develop- ment standpoint.” www.rsmmcgladrey.com Community foundations differ from foundations such as the Ford, Rockefeller and Gund foundations, Hausser + Taylor LLC is a licensed public accounting firm, which provides audit and which are endowed and guided by attest services, and has a continuing professional services relationship with RSM McGladrey. RSM McGladrey the philanthropic impulses of an and Hausser+Taylor collaborate to serve the business needs of their respective clients. RSM McGladrey Inc. is a member firm individual or a family. But commu- of RSM International, an affiliation of separate and independent legal entities. nity foundations evolve, as they continually accept donations from CCLB 02-19-07 A 22 CCLB 2/16/2007 3:40 PM Page 1
22 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM FEBRUARY 19-25, 2007 OHIO VENTURE CAPITAL AND BUYOUT FIRMS LISTED ALPHABETICALLY
Preferred Capital Name Minimum project under Address investment investment management Geographical N.E. Out of Year Top executive, Phone/Web site (thousands) (thousands) (millions) preferences Industry preferences Ohio area founded Title
SOUTH FRANKLIN STREET PARTNERS 10 1/2 E. Washington St., Chagrin Falls 44022 $2,000 2,000-10,000 $75.0 United States None 0 3 2001 Raymond A. Lancaster, (440) 264-8040/www.sfspartners.com managing director
SUNBRIDGE PARTNERS 3659 Green Road, Beachwood 44122 $1,000 5,000 $95.0 United States Technology 0 2 2004 John Gannon, (216) 360-0151/www.sbpvc.com general partner
TRIATHLON MEDICAL VENTURES Midwest (all stages); United Life sciences, medical John M. Rice, Suzette Dutch, 250 E. Fifth St., Cincinnati 45202 $250 3,000-5,000 $105.0 States (later devices 1 4 2004 Dennis Costello Carrie Bates, (513) 723-2600/www.tmvp.com stage) managing partners
TRUST NAVIGATOR 6140 Parkland Blvd., Suite 150, Mayfield Heights 44124 $50 NA $50.0 Cuyahoga None NA NA 1998 Thomas Roulston III, (440) 995-2830/www.trustnavigator.com County president
Crain's Cleveland Business uses staff research, company surveys and the most current references available to produce its listings, but there is no guarantee these listings are RESEARCHED BY Deborah W. Hillyer complete. We welcome all responses to our lists. Business lists and The Book of Lists are available at www.crainscleveland.com Download all our popular business lists at www.CrainsCleveland.com/lists Move to Garfield Heights spawns one of ISP’s most advanced centers Expedient vacates its downtown office space
By CHUCK SODER ditioning equipment. [email protected] Expedient looked for a downtown location for nine months but couldn’t Expedient Communications Inc., find space suitable to house a large an Internet service provider, has data center, Mr. Smith said. Such opened in Garfield Heights one of centers use large amounts of elec- its most advanced data centers and tricity and need proper air handlers, has moved most of its downtown which house cooling and air distribu- Cleveland staff to the suburb. tion equipment to keep computer The company last month moved temperatures down. into a 24,000-square-foot building The ISP made offers to two compa- at 15166 Neo Park, said Bryan nies to buy space that could be used Smith, vice president of sales. The for a data center, but both offers were data center encompasses about rejected. 19,500 square feet — almost three Locating the data center in the times bigger than a 7,000-square- suburbs could be an advantage for foot, unmanned data center in the the company’s downtown clients, Halle Building downtown that because a downtown blackout Expedient will continue to use. would not cause equipment at the Expedient is using the remaining business and the data center to shut 4,500 square feet in the Garfield down at the same time, Mr. Smith Heights building for a new office. said. The company has vacated a 3,800- “There’s some security there,” he square-foot office in the Caxton said. Building on Huron Road in Cleve- The new center is among the land. three most advanced data centers Expedient hired six systems and owned by Expedient, which has 11 network engineers with the move such centers, Mr. Smith said. Unlike and has 21 employees in Garfield the space in the Halle Building, the Heights. The company plans to hire Garfield Heights data center can four more over the next two house a large amount of computer months. equipment. It offers more than The company is leasing the twice as much electricity, four times Garfield Heights data center for five as much cooling ability and faster years from Neo Park, an office-indus- data processing. trial technology complex. Expedient Expedient was founded in Cleve- bought the data center’s equipment land as US VoiceData in 2001. The from utility company FirstEnergy company acquired expedient/CAVU Corp., the previous tenant, for an Inc. in 2002 and changed its name undisclosed price, Mr. Smith said. before shifting its headquarters to The purchase included a generator, Pittsburgh in 2003. The company is electrical systems, a power-regulating owned by Landmark Communica- mechanism and heating and air con- tions Inc. ■
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FEBRUARY 19-25, 2007 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 23 CSU biz school Cincy developer ready for Rockwell site restoration team tackles By STAN BULLARD the structure a market value of $2.7 held the building nearly three years doesn’t need sprucing up,” Mr. [email protected] million for property tax purposes. before it found a buyer. Longwell said. The company plans to find a Scott Street believes the building in With the investment, Scott Street marketing A Cincinnati-based developer has tenant to lease or buy the building, Euclid would be ideal for a call center is making a bet on how scarce acquired an office building in Euclid Mr. Longwell said. If it can’t do that, or training center or for general space is becoming in the eastern in hopes of restoring it to active use it would divide the three-story office use, said Kevin Malinowski, a suburbs, although Euclid will gain tasks in-house two years after Rockwell Automa- building, 24601 Euclid Ave., for CB Richard Ellis vice president who another empty building later this tion Inc. shut down training opera- multiple tenants. represents the structure for the year when Park-Ohio Holdings By JOHN BOOTH tions there. “We’re a patient buyer,” Mr. developer. He said the developer Corp. vacates about 50,000 square [email protected] Chris Longwell, president of Scott Longwell said, as it is willing to risk has “a couple” prospective tenants, feet it leases in Euclid for a building Street Partners, said principals of the carrying costs of owning a though he would not identify them. it purchased in Mayfield Heights. In his classes at Cleveland State the 4-year-old real estate develop- building without tenants immedi- The 1950s-vintage structure has Scott Pollock, a Grubb & Ellis University, marketing chair Thomas ment company “fell in love with the ately available to occupy it. offices on the third floor and class- Co. vice president, said he’s seen W. Whipple teaches lessons in building as soon as we saw it. It’s in Mr. Longwell said Scott Street rooms on the first and second the former Rockwell building and gauging the competition, gathering great shape.” successfully has followed such a floors, along with a cafeteria on describes it as “beautiful” space. He consumer data and crafting image- Scott Street in December paid strategy in the past with properties its first floor. Milwaukee-based also noted, even with Park-Ohio’s burnishing plans. His colleague, Ann $2.2 million for the 65,000-square- of $2 million to $3 million. He said Rockwell, a producer of industrial move, that securing more than Csongei, communication coordina- foot building, according to Cuya- it bought an empty 250,000-square- automation control and information 10,000 square feet of office space tor for Cleveland State’s Nance hoga County land records. The foot warehouse in Cincinnati soon solutions extensively renovated is growing tougher in the eastern College of Business Administration, Cuyahoga County Auditor assigns after the company was launched. It the building in 2000 so it “really suburbs. ■ has an advertising background in brand identity and recognition, and former executive-in-residence Jim Rucker used to handle account plan- ning at Wyse Advertising. This spring, the Nance College is tapping into the expertise of all three as it edges its way into a marketing makeover based on their student- ÓääÈ assisted efforts. It wasn’t always an inside job, %XPERIENCE -ATTERS according to Dr. Whipple. A few years back, the college hired an out- side firm to come up with a market- ing strategy. Unhappy with the work 9EARS OF 0RIVATE %QUITY )NVESTING after a year, Dr. Whipple, Mr. Rucker and Mrs. Csongei came up with the beginnings of a plan to handle the work within the college itself. “We had about four sessions with professors, with the people on the - /Ê */ Ê*,/ ,- - /Ê */ Ê*,/ ,- - /Ê */ Ê*,/ ,- staff, with alumni, with students, trying to find our product’s brand,” >ÕViÃÊÌ iÊÃ>iÊv >ÃÊ«>ÀÌiÀi`ÊÜÌ ÊiLiÀÃÊvÊÊ >ÃÊ«>ÀÌiÀi`ÊÜÌ ÊiLiÀÃÊvÊÊ Mr. Rucker said. “From there, we did >>}iiÌÊÌÊ>VµÕÀi >>}iiÌÊÌÊ>VµÕÀi some research to determine what people are looking for, to know what’s important to them.” That process entailed identifying the college’s prime competitors, determining the share of the market >Êi>`}Ê>Õv>VÌÕÀiÀÊvÊÀiÃ`iÌ>ÊÊ >Êi>`}Ê>Õv>VÌÕÀiÀÊ>`Ê«ÀÌiÀÊvʵÕ>ÌÞÊ >Êi>`}Ê`ÀiVÌÊ>ÀiÌiÀÊvÊëiV>ÌÞÊ each attracted, analyzing their >ÕÕÊ>`ÊÛÞÊÜ`ÜÃÊ>`Ê`ÀÃÊ «ÀÌ>Ê>`Ê`iÀ>ÌiÞ«ÀVi`ÊÜ`ÊÊ Ü>ÌiÀÊëÀÌÃÊ«À`ÕVÌÃÊ>`ÊÀi>Ìi`Ê enrollment figures and even sending ÃiÀÛ}Ê«À>ÀÞÊiÜÊVÃÌÀÕVÌÊ>ÀiÌÃÊ vÕÀÌÕÀi]ÊVÕ`}ÊLi`ÀÊÊÃÕÌiÃ]Ê`}Ê >ÀiÊ>VViÃÃÀið a grad student to other schools to ÊÌ iÊÃÕÌ i>ÃÌiÀÊ>`ÊÃÕÌ ÜiÃÌiÀÊ1°-° ÀÊÃiÌÃ]ÊiÌiÀÌ>iÌÊViÌiÀÃÊ>`ÊVÕÀð hear their enrollment pitches. iLÀÕ>ÀÞÊn]ÊÓääÈ iLÀÕ>ÀÞÊ£È]ÊÓääÈ «ÀÊÓn]ÊÓääÈ What they learned, according to Dr. Whipple, is that the Nance College’s competition isn’t where you might think. Rather than take on other accredited schools at places such as Kent State and Case Western Reserve - /Ê */ Ê*,/ ,- - /Ê */ Ê*,/ ,- - /Ê */ Ê*,/ ,- universities, the school wants to attract part-time students from local branches Ì ÀÕ} ÊÌÃÊ«ÀÌvÊV«>ÞÊÊ >ÃÊ«>ÀÌiÀi`ÊÜÌ ÊiLiÀÃÊvÊ Ì ÀÕ} ÊÌÃÊ«ÀÌvÊV«>ÞÊ of institutions such as Tiffin University Õ}ÕÃÌ>Ê-«ÀÌÃÜi>ÀÊÀÕ«Ê >ÃÊ>VµÕÀi` >>}iiÌÊÊ>ÊÀiV>«Ì>â>ÌÊv /À>ÃÌ>ÀÊ`ÕÃÌÀiÃ]ÊV°ÊÊ and the University of Phoenix. >ÃÊ>VµÕÀi` “We don’t have to put them out of business,” Dr. Whipple said. “We just have to get 5 or 10% of what they’re trying to take away from us, >Ê`iÃ}iÀ]Ê>Õv>VÌÕÀiÀÊ>`Ê`ÃÌÀLÕÌÀÊÊ and that’s fine.” vÊÕÌiÀÜi>À]Ê>VÌÛiÊ>««>ÀiÊ>`Ê>VViÃÃÀiÃÊ >Êi>`}Ê`iÃ}iÀ]Ê>ÀiÌiÀÊ>`Ê >Êi>`}ÊÀi}>ÊÃÕ««iÀÊvÊÊ Mrs. Csongei is reluctant to divulge ÌÊÌ iÊëÀÌ}Ê}`Ã]Ê«ÀÌi`ÊëÀÌÃÜi>À]Ê Ü iÃ>iÀÊvÊ«ÀiÕÊÜÊ>`Ê >ÕÌ>ÌVÊÌÀ>ÃÃÃÊ«>ÀÌÃÊ>`ÊÊ details of the image-building strategy. «ÀÌ>Ê«À`ÕVÌÃÊ>`ÊVi}iÊÊ ÃÞÌ iÌVÊV>À«iÌÊ>`Ê>Ài>ÊÀÕ}ÃÊvÀÊÌ iÊ ÃÌ>`>À`ÊVÕÌV iÃÊvÀÊ«>ÃÃi}iÀÊV>ÀÃÊ She sticks to generalities, such as us- LÃÌÀiÊ>ÀiÌð vÀÊVÛiÀ}Ê>ÀiÌ° >`Ê} ÌÊÌÀÕVð ing more alumni in advertising. But >ÞÊ]ÊÓääÈ Õ}ÕÃÌÊ£]ÊÓääÈ "VÌLiÀÊ{]ÊÓääÈ Mrs. Csongei said aspects of the plan are going into place piece by piece. “Our communications that are coming out are in line with the strategy, but I have not had the opportunity to launch a new visual - /Ê */ Ê*,/ ,- campaign for driving that desired image,” she said. “I’m just weaving it in, >ÃÊ«>ÀÌiÀi`ÊÜÌ ÊiLiÀÃÊvÊÊ peppering it throughout everything >>}iiÌÊÊ>ÊÀiV>«Ì>â>ÌÊv we’re already doing in our regular recruitment campaigns — billboards, newspaper ads, that sort of thing.” - /Ê */ Ê*,/ ,- Ms. Csongei also stressed the college isn’t trying to separate itself >`iÀLÀÊ À«À>ÌiÊ iÌiÀÊ"iÊÊUÊ-ÕÌiÊÓnä from the rest of the university. >Ê`iÃ}iÀÊ>`Ê>Õv>VÌÕÀiÀÊvÊÊ Indeed, she suspects Cleveland State’s ÃiVÕÃÌÊ >À`Ü`ÊV>LiÌÃÊÊ xääÊ >`iÀLÀÊ ÀÛiÊUÊ >Þvi`Êi} ÌÃ]Ê" ÊÊ{{£Ó{ other programs may be in a similar ÃiÀÛ}ÊÌ iÊÀiÃ`iÌ>Ê>ÀiÌÊÊ {{äÉÈn{£{ääÊUÊv>ÝÊ{{äÉÈn{än{ situation, image-wise. Ì ÀÕ} ÕÌÊÌ iÊi>ÃÌiÀÊ1°-° “Our desire in the near term is to ÜÜÜ°Ã>>Ì>V>«Ì>°V shift people’s perception of the qual- iViLiÀÊ£]ÊÓääÈ ity here,” she said. ■ CCLB 02-19-07 A 24 CCLB 2/15/2007 2:12 PM Page 1
24 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM FEBRUARY 19-25, 2007
Don Schwaller - Classified Manager Copy Deadline: Wednesdays @ 3 p.m. Phone: (216) 771-5172 All Ads Pre-Paid: Check or Credit Card Fax: (216) 694-4264 E-mail: [email protected] REAL ESTATE INDUSTRIAL SPACE
CRESCO real estate 216.520.1200 • www.crescorealestate.com
INDUSTRIAL STOW - 80,852 sf - great freeway access - 18’-21’ clear - docks - drive-ins - high density sprin- WESTSIDE LEASE - office/warehouse or all office from 150 to 4,050 sf on I-90 in Westlake kler - excellent condition - immediate occupancy - Matt Beesley, SIOR - Ken Anderson 150,000 SF - in the former York International facility, Elyria for lease - can accommodate tenants I-77/I-480 - freestanding 7,500 sf facility with 2 drive-in doors - Fred Christie, SIOR with a minimum of 8,800 sf - George Pofok, CCIM or Tyler Newman, CCIM CENTRAL LOCATION - 15,246 sf to 32,924 sf - 5 truck docks - 1 drive-in - 19’ ceilings - excel- lent Independence location - Bob Garber, SIOR OFFICE FOR SALE - downtown 22,296 sf warehouse building - modern 5,400 sf of office - clear span 20,000 TO 132,000 SF NEW CLASS A OFFICE- located at I-480 and Transportation Blvd - fabulous warehouse - great access to downtown and I-90 - Tyler Newman, CCIM or Bob Garber, SIOR building and area amenities - NO ROCKSIDE DOWNSIDE - Tom West, SIOR or Leah Kukulka WESTLAKE - 23,339 sf on 1.75 acres sale/lease - 4,234 sf of offices - hvy. power/dist. - plus mfg/assem- CORPORATE HEADQUARTERS - 35,000 sf - 2 floors - high image office building - highway access bly - DK’s/DI’s - excellent condition - highway access - George Pofok, CCIM or Joe Barna, SIOR and visibility at I-271 & Rt 82 - Macedonia - 1/2 or full building - Simon Caplan, SIOR or Eliot Kijewski AIRPORT AREA - high image 43,000 sf on 3 acres - immediately availabe - clear span - 28’ SUBLEASE OPPORTUNITY - approx. 125,000 sf - divisible to 30,000 sf - Route 82 signage clear - 18 DKS - sprinklered - Armand Aghajanian, Fred Christie, SIOR or Joe Barna, SIOR - easy access to I-71 and Ohio Turnpike - Pat Reardon, SIOR 65,000 SF AVAILABLE ON 4.44 ACRES - Westlake building ideal for manf./assembly with I-271 - EASTSIDE MEDICAL OFFICE SPACE - “Class A” building at class b rates - owner- room for expansion - great highway access at Clague and Columbia Rds - Kevin Kelly ship/condo/lease - Rico Pietro FOR SALE - PRICE ADJUSTED - 71,192 sf - manf./industrial building - heavy power - 3 docks - 3 drive- OFFICE/MEDICAL SPACE AVAILABLE - just minutes from I-90/I-271 - flexible terms - ins - can be split for multi-tenant use - located in Hudson - Pamela Bertovich or Matt Beesley, SIOR attractive rates - come take a look! - Leah Kukulka
COMMERCIAL SPACE For daily on-line updates, sign up @ CrainsCleveland.com/Daily Tour Properties During 30-Second Timeouts!
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OFFICE/WAREHOUSE SPACE AUCTIONS Twinsburg, Ohio ROSEN & CO. AUCTIONS PRICE REDUCED! Bringing buyers and sellers together • www.rosenandcompany.com ***REAL ESTATE AUCTION*** THUR., FEB. 22, 2007 @ 5 P.M. All to sell at Corporate College East, 4400 Richmond Rd., Warrensville Hts., 44128 AUBURN: HUDSON: 11499 Washington Str., 4.7 acres, commercial. 6195 Stow Rd., 3 BR, 2.5 BA, 2.9 acres. Available CLEVELAND: N. RIDGEVILLE: For sale or lease. Free standing building with +/- 11,000 Sq. Ft. 6211 Fir Ave., double, income potential. 34594 Deer Run Dr., 4 BR, 2.5 BA. FOR LEASE AT I-77 & I-480 IN VALLEY VIEW CLEVELAND: SHAKER SQ. AREA: On over 1 acre in private office park. Only 5 years old. 9,000 SF 2661-2663 E. 68th St., 2 houses. 13801 Shaker Blvd., 2/2 Pent. Condo. • 5,000sf w/ 1500sf Office, (1) Dock (1) Drive-in, 480v 200 Amp, 19', Occupancy 3rd Quarter, 2007 CLEVELAND: WILLOUGHBY HILLS: warehouse, 2,000 SF office partially furnished. Separate rental 4505 W. 150th St., 3 BR, clean! 2916 SOM Ctr. Rd., 4/4.5, beautiful! • 10,000sf w/ 1500sf Office, (2) Docks (1) Drive-in, 480v 200 Amp, 19', Occupancy 2nd Quarter, 2007 suite possible w/ separate utilities. Perfect for contractor or ser- GARFIELD HTS: WILLOUGHBY HILLS: 13005 Shady Oak Blvd., 3/1 BR, bsmt. 8.17 acres. Developer needed! • 11,250sf w/ 1200sf Office, (2) Docks (1) Drive-in, 480v 400 Amp, 17', Occupancy 2nd Quarter, 2007 vice company. Lombardo Investments LLC Call Tony at (330) 425-7866 or (216) 952-0866. Selling Real Estate? Call Immediately! 216.524.0715 1-877-BID-ROSEN 1-877-243-7673 www.lombardobusinesspark.com STREETSBORO STORAGE See web site for TERMS, CONDITIONS and OPEN HOUSE TIMES OFFICE SPACE PROPERTY FOR RENT FOR SALE OR LEASE Two cranes, 3 docks, Hudson, Ohio F ROM OFFICE SPACE 1 double door. 40,000 sq. ft. HEATED STORAGE HQ Concept-Professionally T O CLASSROOMS of Warehouse/Office RV’s, Boats, Campers Furnished Office Suites Discover the Difference Call Mr. King @ 330 995-1081 One/Two person suites, Secretarial/ Concrete floors, 20 ft. high In Leasing MADE SIMPLE! ceilings, 20 ft. drive-in door, Receptionist Service (Optional). Fulfilling needs of any business Great Location- secure, competitive rates. opens Cleveland/ Akron Markets. Contact Tammy 216.255.3915 RETAIL Call Mr. King 330-995-1070 330 342 1006 www.evbco.com SPACE
REAL ESTATE OFFICE/RETAIL FOR LEASE BY OWNER DON’T SERVICES SPACE 35,000 SQ. FT. RETAIL IN FORGET: NORTH RANDALL AREA. ACROSS FROM MAJOR MALL. Crain’s Cleveland Business Loading Dock Services For Rent on-line @ Service, Maintenance and Sales Mentor Ave. Painesville NEW FRONT AND CARPETED CrainsCleveland.com of Dock Levelers, Bumpers, INTERIOR WITH TRACK Seals, Truck Restraints and 5,000 Sq. Ft.total House w/ addition LIGHTING. Metal Stairs. Free Inspections Possible office/ Restaurant / Retail Zoned B2 $2,000 per Month CONTACT PROPERTY and Estimates. MANAGER AT 800-34-DOCKS / 440-729-0380 440-537-4666 216-292-3620 CCLB 02-19-07 A 25 CCLB 2/15/2007 4:18 PM Page 1
FEBRUARY 19-25, 2007 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 25 REAL ESTATE LUXURY PROPERTIES Live out your dream. Luxury (216) 249-2021 www.chestnuthillrealtyinc.com Property
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LL Design, Ltd. Local Successful WANTED: I.T. Company Your subscription to Print Media Crain’s Cleveland Business Logo Design Looking To Merge Catalog Design or Aquire Similar To sign up call toll-free at Presentations Size I.T. Firm or SPORTS & 1-888-909-9111 Art Production ENTERTAINMENT or on-line @ Smaller. Illustration CrainsCleveland.com 440.465.6866 CLEVELAND BROWNS www.LLDesignStudio.net Web Design Click on “Subscribe Now.” Please Respond SEASON TICKETS 4 PSL Club Level BUSINESSES By E-Mail: Covered Seats For your classified advertising FOR SALE Classified Ads Section 332, Row 18, contact Don Schwaller WORK! Seats 5-8 SUCCESSFUL METAL MergeToday@ $2,000 each PSL (216) 771-5172 COMPONENTS MANUFACTURER (216) 522-1383 yahoo.com Interested parties should call [email protected] Price of $1.65mm includes the Jim at 330-283-7377 business, equipment, and real estate. Cutler Commercial at ➤ 330-376-0007 C L A S S I F E D C O N T I N U E D O N P A G E 2 6 CCLB 02-19-07 A 26 CCLB 2/16/2007 1:26 PM Page 1
26 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM FEBRUARY 19-25, 2007
police, medical and autopsy records related to the case. Christian: Attorneys seek evidence key to defense Mr. Gold told Crain’s in a Dec. 29, 2006, telephone interview that the continued from PAGE 3 of this matter.” is time disadvantaged.” prosecution evidence ranging from prosecution’s claim is that Mr. Wasil include queries such as: “What However, Mr. Gold stated in the Mr. Gold was out of the office last police reports to recordings of tele- “got some drugs at Jeff Christian’s conduct of Jeffrey E. Christian is motion that the assistant prosecutor, week and could not be reached for phone calls regarding Mr. Wasil’s house and died of an overdose,” alleged to have ‘caused’ the death unidentified in the body of the docu- comment. Portage County Assistant death. One portion of the document though Mr. Gold said “the evidence of Thomas J. Wasil?” and “What ment, “threatened the premature Prosecutor Steve Michniak, who is seeks “all evidence that Mr. Christian will show this guy died of an overdose evidence supports the claim that conclusion of the conversation, named elsewhere in the filings, did allegedly mixed Oxycontin and mar- on his own, and not by anything of Jeffrey E. Christian permitted the unless the defense immediately not return a message left last Thurs- ijuana,” as a police officer allegedly Jeff’s doing.” identified premises to be used for ceased all efforts at privately investi- day, Feb. 15, seeking comment. claims in a videotaped interview. The Mr. Wasil died in his own home the possession of cocaine by (the gating the various claims.” The Judge Enlow granted the defense’s same section seeks “any evidence more than 24 hours after leaving Mr. juvenile)?” motion said the defense did stop its request to push back the deadline for that Joe Wasil was a source of drugs, Christian’s house, Mr. Gold said in According to a motion filed Jan. investigations, “significantly impair- filing pretrial motions by 60 days to whether illicit or prescription, for his the December interview. 26 by Mr. Gold, defense attorneys ing its ability to acquire information March 19. brother, Tom Wasil.” Christian & Timbers, founded that would, in part, support the filing Joe Wasil called such a sugges- locally in 1980, is now headquartered and an assistant county prosecutor Defense demands evidence last summer “engaged in serious of pretrial motions.” tion “absolutely ludicrous” in a Feb. in New York. Mr. Christian parted conversations regarding a potential “Even if the Assistant County Filed with that request was a 15 telephone interview. ways with the company in recent resolution of the information repre- Prosecutor was acting in good demand by Mr. Christian’s attorneys On Jan. 31, the defense team also years, opening his own recruiting firm, sented by the official investigation faith,” the filing reads, “the defense for specific documents and pieces of began filing subpoenas seeking Jeff Christian & Co., in 2005. ■
dence, and Mr. Glynias was with company last May. Brulant: Glynias will help manage growing firm Lucidyx LLC, a gene research soft- Mr. Glynias said he already had ware company that he founded after licensed the Lucidyx software to continued from PAGE 3 about 300 employees from 30 five pany in 2002 to Lion Biosciences selling NetGenics. Accelrys, a San Diego company that “Expansion with clients outside of years ago. The greatly expanded staff AG. The German biopharmaceuti- They talked about doing more produces software for research orga- the region is critical to support that is a big reason why the company cal company left Cleveland in 2003. work together, but Mr. Glynias said he nizations. So, last fall, he made what kind of growth,” Mr. Pagon said. hired Mr. Glynias, who is helping The years at NetGenics taught wanted to focus on developing his he called a “whirlwind tour” through Next year the company aims to manage software development and is Mr. Glynias how to manage a grow- software, and Xteric was too small to Europe doing sales trips and training open one or more offices elsewhere, working with client accounts. ing company, said Brad Wertz, chief make room for another leader. Accelrys employees to sell the possibly in New York or along the Mr. Glynias, 51, brings to Brulant operating officer at Brulant. He However, he still wanted to work with Lucidyx software on their own. West Coast, Mr. Pagon said. his experience with NetGenics, a described the decision to hire Mr. Mr. Wertz, and he wanted another He will receive royalties on soft- Forty percent of the company’s company he formed in the mid- Glynias as “a no brainer.” chance to experience the excitement ware sales, but he’s free to focus on customers were from outside the 1990s that developed software to The two men met two years ago of working for a vibrant, growing Brulant — where he said he’s hav- region in 2006, compared to 25% in help drug developers sort genetic while working on a project together. company — excitement he felt during ing almost as much fun as he did 2005, 10% in 2004 and 3% in 2002, data. Mr. Glynias said NetGenics At the time, Mr. Wertz was president his years at NetGenics. during his NetGenics days. he said. expanded too quickly to support of Xteric Technology Group Inc., a He realized he could do both “It’s the closest I’ve been since,” Brulant as a whole has grown to itself, forcing him to sell the com- technology services firm in Indepen- once Brulant bought Mr. Wertz’s he said. ■ CLASSIFIED Crain’s Executive Recruiter
CASE WESTERN RESERVE UNIVERSITY Vice President Marketing Coordinator Weatherhead School of Management Department of Economics Finance Crain's Cleveland Business, part of the Crain Communica- Applications are invited for a full-time, non-tenure track faculty posi- Bring your vision and passion to this role leading the financial and tions family of business publications, is in search of a Mar- organizational aspects of our agency, a large nonprofit agency serving tion as Professor for the Practice of Management in Economics. children and families. As a strategic business partner with the keting Coordinator. Candidates must have at least two The successful candidate must have teaching experience in the field of President/CEO and other executives, you’ll be responsible for financial years of marketing and event coordination background as Economics at the Undergraduate level. A Master’s degree in a related planning and forecasting; implementing and tracking financial goals; managing accounting, billing and financial information systems; ana- well as experience in producing and designing promotion- field is required and ABD or Ph.D preferred. The person will teach 6 lyzing and reporting results; and related functions. CPA and bachelor’s courses a year and will counsel and advise undergraduate students in degree in accounting, finance or business required; MBA strongly pre- al materials. Previous sales experience is preferred. economics. Experience and demonstrated excellence in teaching ferred. 5-10 years experience in higher levels of financial leadership economics courses, working with students individually and in teams, required. Nonprofit or public sector experience a plus. Candidates must also have strong organizational skills and and ability to create and implement new ideas and classrooms Email reply with code CR212 to: [email protected]. Mail exercises is mandatory. to: Recruitment CR212, 3737 Lander Rd., Cleveland, OH 44124. be able to multi-task and meet deadlines in a fast-paced Fax: 216.831.0436. EOE environment. Must be proficient with Microsoft Office and In employment, as in education, Case Western Reserve University is ACT. Experience with HTML would be a plus. committed to Equal Opportunity and Affirmative Action. To apply, applicants may forward their resume and 3 letters of Crain Communications is one of the country's oldest and recommendation to: Economics Department Search Committee, Weatherhead School of Management, Case Western Reserve most respected B-to-B publishing companies. Qualified www.beechbrook.org University, Cleveland, OH 44106-7235. Phone: 216/368-5537. candidates should send a resume and cover letter to Application deadline: Open until filled. [email protected] or fax to the attention of the Recruit- ment Manager at 313-259-8454. Resumes can also be DIRECTOR OF mailed to 1155 Gratiot Ave. Detroit, MI 48207. CONTROLLER PROFESSIONAL DEVELOPMENT A growing firm in the retail trade specializing in museum store A major Cleveland-based regional law firm is looking for an Please visit our website for more career opportunities at operations is looking for a full-time controller. The ideal can- individual to manage and direct associate development through didate will have at minimum www.crain.com. Crain is an equal opportunity employer. formal training, orientation, and mentoring programs and by • Bachelor's Degree in Business or Accounting coaching, counseling, and mentoring associates on an individual basis as well as by serving as an ombudsman to associates. Our • 5 years experience with specialization in the retail trade ideal candidate will have been a former partner at a major law • Knowledge of monthly, quarterly and annual closing proce- firm who can relate to younger attorneys, has strong academic dures as related to a public corporation credentials, and is most interested in developing associates into successful lawyers. The position may be full or part time, but it The position is located in Streetsboro, Ohio and is available does require periodic, but not necessarily overnight travel to for immediate hire. Please send cover letter stating salary re- other offices in Ohio. quirements and resume via fax to 330/995-3277 or email to [email protected]. Candidates should send resumes to: Jim Cowan, Executive Director Ulmer &Berne LLP 1660 West 2nd St., Suite 1100 To place your Executive Recruiter ad call Don Schwaller at 216-771-5172 Cleveland, Ohio 44113 CCLB 02-19-07 A 27 CCLB 2/16/2007 4:45 PM Page 1
FEBRUARY 19-25, 2007 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 27 THEINSIDER REPORTERS’ NOTEBOOK THEWEEK BEHIND THE NEWS WITH CRAIN’S WRITERS The weather’s a fright, but the ones facing the toughest battles. Too big FEBRUARY 12 -18 to embrace a set of values encompassing their these forecasters delight ever-sprawling surrounding communities, ■ but not big enough to put the resources into The big story: For the second time in the last Forget the snow belt. (As if we could.) The meteorologists at Cleveland’s television long-range, in-depth journalism projects, three years, the board of Lamson & Sessions Co. those newspapers are on the front lines has hired a financial adviser to explore ways to stations are ready for the Borscht Belt. Four weather guys were nothing but laughs against shrinking advertising revenue and increase shareholder value that could include a constant competition from the Internet. possible sale of all or part of the company. The during a Corporate Club program at Executive Caterers at Landerhaven last Tuesday, Feb. 13. As an example, Ms. Fine pointed down Beachwood-based maker of plastic pipe and the road to the Akron Beacon Journal and its conduit retained Perella Weinberg Partners as The program, “Weather or Not,” was mod- erated by the retired — but hardly retiring — fiscal belt-tightening under the new owner- its adviser. Lamson said the alternatives besides ship of Black Press Ltd. a sale of assets are formation of joint ventures, a Don Webster and featured a panel of Dick NICOLE BURKE Don Webster (from left), Dick Goddard and “It’s not small enough, and it’s not big change to the company’s capital structure and Goddard from WJW-TV, Channel 8; Mark Mark Johnson talk weather. enough,” she said. “They have a rough road continued implementation of Lamson’s current Johnson of WEWS-TV, Channel 5; Mark ahead.” business plan. Lamson previously decided Nolan of WKYC-TV, Channel 3; and John know how they’re made: laws, sausages and Ms. Fine also noted that staff reductions against proceeding with an asset sale when it Loufman of WOIO-TV, Channel 19. long-range forecasts.” — Scott Suttell at the Akron newspaper offer clear evidence considered that action in the fall of 2004. The men spent more than an hour talking about how they forecast the weather, the high that life under private ownership of a publi- cation isn’t always better than it is as part of Cuts hit home: As part of a plan to cut 13,000 level of interest viewers have in the weather, Media analyst Fine delivers a publicly traded enterprise, though Wall jobs nationwide by 2009, DaimlerChrysler will and the responsibilities TV stations carry to bad news for some papers Street pressures often are blamed for cuts close a parts depot in Streetsboro by the end of make sure viewers have accurate information ■ among the latter. this year, eliminating 100 jobs. The automaker about potentially dangerous conditions. Sometimes the middle of the road is the “Some of (the struggles), you could argue, also will cut about 110 jobs in 2008 and 2009 at Mostly, though, they cracked jokes, often toughest place to be. is that newspapers have lost their way,” Ms. its Twinsburg plant, which employs more than at the expense of Mr. Goddard, the dean of Speaking at The City Club of Cleveland last Fine said. In the old days, she explained, 1,700 hourly workers. DaimlerChrysler said its Cleveland weather forecasters and a 45-year Thursday, Merrill Lynch media/publishing newspapers were biased and opinionated three-year Recovery and Transformation Plan is veteran of the business. analyst Lauren Rich Fine offered her take on and their owners often ran the risk of designed to return the automaker to profitability Mr. Webster, for instance, asked Mr. the newspaper industry, and among her debtors’ prison and financially destructive by 2008 “with a primary focus on costs.” Goddard at one point, “When the big flood observations was this: “National” papers came, did you call Noah, or did Noah call such as The Washington Post, USA Today libel lawsuits. And, with a smile, she said, “They had a blast.” Changing of the guard: Two executives from you?” Without missing a beat, Mr. Goddard and The Wall Street Journal will survive. Still, she cited The Washington Post Co. London-based Imperial Chemical Industries responded, “He was two years ahead of me Small, extremely focused local community and Cincinnati-based E.W. Scripps Co. as plc have assumed control of its ICI Paints North in high school.” newspapers that know their market and newspaper parent companies that have used America unit, which is based in Strongsville. Mr. Johnson, playful throughout the pre- serve it well also look to have a stable future. other avenues to fund their newspaper Larry Porcellato, who was CEO of ICI Paints sentation, gestured once toward Mr. God- “I think there’s enormous unsated appetite North America, resigned from the company dard’s well-kept mane and quipped, “By the for really local news,” noted Ms. Fine, who journalism. The Post parent company owns effective Jan. 31. ICI has split Mr. Porcellato’s way, Nolan, you owe me 20 bucks. It is real.” lives in Cleveland. Kaplan Inc. and its chains of education prior job in two. It named David Loose, most In a nod to the, well, imprecise nature of the The midsize to large papers, though — she centers, while Scripps successfully ventured recently CEO of ICI Paints Europe, as head of weather forecasting business, Mr. Goddard cited The Plain Dealer, the Los Angeles Times out on a limb years ago to start the Food Net- the contractor-sales and company-owned stores noted, “There are three things you should not and the Chicago Tribune as examples — are work and HGTV cable channels.—John Booth operations. David Hamill, CEO of ICI Paints Worldwide, will oversee on an interim basis sales to do-it-yourself store chains and independent WHAT’S NEW STOCKS retailers. 10 BEST PERFORMERS Progress report: Copernicus Therapeutics Inc. of Cleveland will receive up to $5.2 million CLOSE WEEK’S 52-WK 52-WK in 2007 from Cystic Fibrosis Foundation COMPANY 2/16 % CHANGE HIGH LOW Therapeutics Inc. of Bethesda, Md., to support 1. Brush Engineered Materials (BW) 45.52 45.15 46.00 16.40 continued development of a potential gene 2. Cleveland BioLabs Inc. (CBLI) 10.15 26.87 10.25 4.17 therapy for cystic fibrosis. Copernicus said the 3. Sifco Industries Inc. (SIF) 7.05 18.45 7.87 3.72 financial commitment “is a result of satisfactory 4. Lamson & Sessions Co. (LMS) 29.30 9.45 30.43 19.82 progress shown in 2006 and represents a signif- 5. Chart Industries Inc. (GTLS) 17.26 8.49 18.00 11.16 icant increase in funding over that received in 6. Nordson Corp. (NDSN) 55.73 6.48 57.81 38.70 2006” from Cystic Fibrosis Foundation Therapeu- 7. Oglebay Norton Co. (OGBY) 23.00 5.75 24.00 12.10 tics, a nonprofit affiliate of the Cystic Fibrosis 8. Olympic Steel Inc. (ZEUS) 28.93 5.74 39.49 21.03 Foundation that oversees drug discovery efforts. 9. DataTrak International (DATA) 5.39 5.69 8.48 4.05 Copernicus received $1.25 million from Cystic 10. Cleveland-Cliffs Inc. (CLF) 55.82 5.62 56.07 31.39 Fibrosis Foundation Therapeutics in 2006. 10 WEAKEST PERFORMERS Good exposure: Part of COMPANY: the 2007 Sports Illustrated Ridge Tool Co., Elyria CLOSE WEEK’S 52-WK 52-WK swimsuit issue, which hit COMPANY 2/16 % CHANGE HIGH LOW newsstands last week, was PRODUCT: Ridgid PC-1375 plastic 1. Associated Estates Realty (AEC) 16.24 -3.16 16.95 10.13 photographed at the Rock tubing cutter 2. Developers Diversified (DDR) 68.81 -2.45 72.07 48.49 and Roll Hall of Fame and 3. Preformed Line Products (PLPC) 34.27 -2.07 45.99 30.02 Museum. Model Anne V Ridge Tool has expanded its product offer- 4. Jo-Ann Stores Inc. (JAS) 23.55 -2.04 26.14 11.24 was photographed last fall ings for plastic, pipe-specific tools with the 5. LNB Bancorp Inc. (LNBB) 15.12 -1.82 19.73 15.12 in front of the museum’s new product, a large-capacity cutter that 6. Sherwin-Williams Co. (SHW) 68.67 -1.58 70.43 37.40 Architects of Rock and Sun requires no twisting or ratcheting to cut 7. PolyOne Corp. (POL) 6.98 -1.55 9.89 6.62 Studios exhibits. Parts of through plastic pipe or tubing. 8. Lesco Inc. (LSCO) 10.43 -0.67 18.17 6.70 the museum had to be The cutter uses a patent-pending X-CEL 9. Progressive Corp. (PGR) 23.28 -0.17 27.86 22.18 closed while the photography took place. blade to ensure “fast, single-stroke cutting 10. FirstEnergy Corp. (FE) 63.07 -0.13 64.17 48.23 and reduced cut force,” the company says. For the record: Cleveland law firm Frantz It’s designed for the professional user and 10 MOST ACTIVE constructed of heavy-duty aluminum for Ward LLP hired Joseph P. Koncelik, most CLOSE WK’S VOL. 52-WK 52-WK recently director of the Ohio Environmental increased durability. COMPANY 2/16 (in thousands) HIGH LOW Protection Agency, as a partner leading its new For convenience, the raised ridges on the environmental law practice. … Candlewood lower handles are a half-inch apart to allow 1. Goodyear Tire & Rubber (GT) 25.18 22,944 25.79 9.75 Capital Partners of Chagrin Falls acquired for for quick measurements and improved grip. 2. Progressive Corp. (PGR) 23.28 9,545 27.86 22.18 $47 million National Mobile Television Inc., a A spring-loaded handle opens the cutter to 3. National City Corp. (NCC) 38.34 8,304 38.52 33.96 California-based provider of mobile television the ideal cutting position. A thumb latch holds 4. KeyCorp (KEY) 39.50 7,071 39.62 34.24 studios. National Mobile’s studios primarily are the cutter closed, which protects the blade 5. FirstEnergy Corp. (FE) 63.07 5,834 64.17 48.23 used for broadcasting live sports, such as coverage when the product is not in use. 6. Brush Engineered Materials (BW) 45.52 4,435 46.00 16.40 by CBS of PGA golf events. For information, visit www.ridgid.com. 7. Eaton Corp. (ETN) 79.48 3,480 80.23 62.81 8. Developers Diversified (DDR) 68.81 3,403 72.07 48.49 To keep up with local business news as it happens, Send new product information to 9. Sherwin-Williams Co. (SHW) 68.67 3,327 70.43 37.40 visit www.crainscleveland.com. [email protected]. 10. Parker Hannifin Corp. (PH) 85.56 2,979 88.00 69.70
Source: FinancialContent Inc. CCLB 02-19-07 A 28 CCLB 2/16/2007 10:33 AM Page 1
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2007 BMW 328i 2007 BMW 750Li
• Auto. Steptronic Transmission • Heated Seats • Power Windows/Locks • Nasca Leather Comfort Seating • Logic7 Audio System • Xenon Headlights • Dual climate control A/C • CD Player 230 HP in-Line 6 cylinder • Park Distance Control • Moonroof • Alloy Wheels $339*/month for 24 months $995*/month for 36 months
* 24 month lease. Total due at signing $3,884. Tax, title and registration fees extra. Due at signing includes: 1st payment, $400 refundable security de- * 36 month lease. Total due at signing $5,640. Tax, title and registration fees extra. Due at signing includes: 1st payment, $1,000 refundable security posit, $2,500 down payment and bank fee. Customer responsible for excess wear and tear. 10,000 miles per year. 20¢ per mile over. One available at deposit, $2,950 down payment and bank fee. Customer responsible for excess wear and tear. 10,000 miles per year. 25¢ per mile over. One available this price. MSRP: $34,870. SALE PRICE: $34,085. Other 328i’s available at similar savings. Expires 2/28/07. at this price. MSRP: $84,795. SALE PRICE: $80,923. Other 750Li’s available at similar savings. Expires 2/28/07.
Full Maintenance standard on all new BMWs SPECIAL LEASING ALSO AVAILABLE FROM WWW.BMWCLEVELAND.COM Maintenance cost over 4 years/50,000 miles* BMW FINANCIAL SERVICES, LLC Oil Changes $0.00 Windshield wiper blades $0.00 Brakes, including rotors and pads $0.00 BMW CLEVELAND Scheduled service inspections $0.00 Belts $0.00 Lights $0.00 6135 KRUSE DR. • SOLON bmwusa.com The Ultimate Roadside Assistance $0.00 1-800-334-4BMW Driving Machine® TOTAL $0.00 1-866-210-6710