Randall Bearings Expanding in Lima MEETINGS, EVENTS & CONFERENCE

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$14M Crescent at Oakleaf Village completed page 22 www.toledobiz.com SEPTEMBER 2021 Vol. 37, No. 09 • $2.25 AquaBounty to invest $200M in Pioneer Company planning to construct a new 479,000 sf large-scale farm

AquaBounty Technologies, Inc. (AQB), a land-based aquaculture company utilizing technology to enhance productivity and sustainability, has identiﬁ ed Pioneer as the location for its planned large-scale farm for the company’s proprietary genetically engineered (GE) salmon. HHealthcareealthcare The new farm will be AquaBounty’s ﬁ rst large-scale commercial facility, with a & InsuranceInsurance planned annual production capacity of 10,000 ppageage 1818 metric tons – approximately eight times the size of its farm in Albany, Indiana, which has an annual production capacity of 1,200 metric INSIDE THIS ISSUE: AquaBounty will construct a farm for its genetically engineered salmon (…continued on page 11) DEVELOPMENT NEWS ...... 2 WHO’S WHO IN TOLEDO AREA LAW ...... 7 FINANCIAL SERVICES & TAX ...... 11 Randall Bearings expanding in Lima MEETINGS, EVENTS & CONFERENCE ...... 16 Randall Bearings – a producer of custom ma- HEALTHCARE & INSURANCE ...... 18 chined parts, specializing in bronze and other popu- REAL ESTATE ...... 24 lar alloys for manufacturing needs – is set to to con- PROFESSIONAL HOMES ...... 25 struct an 80,000-plus square foot facility in the new CLASSIFIEDS ...... 27 Gateway Shawnee Industrial Park in Lima. According to Cindy Leis, director of business development, Allen Economic Development Group (AEDG), the project was a collaborative effort with AEDG and the Port Authority of Allen County as the Port constructed new infrastructure in the park to not only accommodate Randall Bearings, but improve the marketability of the remaining 70 development acres. The $1.2 million investment in infrastructure included a new 1,000 foot access road, (…continued on page 23) Randall Bearings’ new 80,000 square foot facility in Lima New $3.5M investment set for Fulton Co. Tricounty Rural Electric Cooperative to construct new substation

Tricounty Rural Electric Cooperative is making a substantial investment of $3.5

CHANGE SERVICE REQUESTED million in Fulton County to construct a new electric distribution substation on ﬁ ve acres of land on the southwest corner of State Route 109 and County Road H located just off exit 39 on the Ohio Turnpike. A 138 ki- lovolt (KV) transmission line will be feeding two 10/12/14 MVA Virginia transformers to ensure redundancy and reliability with a capacity to feed up to 28 megawatts (MW) TIME SENSITIVE MAIL SENSITIVE TIME TOLEDO BUSINESS JOURNAL TOLEDO PO BOX 1206 43537 OH MAUMEE of load. The site for the new electric distribtution substation in Fulton County (…continued on page 5)

Published twice a month, CREDIT WATCH will provide invaluable help to your business. It identifies area companies – including customers, suppliers, competitors, and others – that are involved in litigation, liens, bankruptcy, and other legal actions. For more info, please scan the QR code or visit toledobiz.com 2 · Toledo Business Journal · September 2021 2021 Candidates The 20 Under 40 Leadership Awards Recognition Program focuses on individuals who have made exceptional contributions to the community and/or have distinguished themselves in their careers. The following candidates have completed the full application process. 2021 award recipients will be announced on Thursday, October 28.

Ramsey Aljahmi, Amanda Caig, Amr Elaskary, Whirlpool Corporation University of Toledo Foundation - Clark Schaefer Hackett AS WE CONTINUE TO Alumni Association Sinan Alo, Elizabeth Ellis, CELEBRATE IN 2021 Halim Clinic Meredith Campbell, Toledo Design Collective Libbey Glass Teresa Alvarado, Richard Fernandez, For the last 125 years, the Lathrop Company has Toledo Lucas County Public Library Justin Camuso-Stall, ProMedica / Bowling Green State University Toledo Lucas County Health had the honor of building Toledo's future. A lot Abby Anderson, Department has changed since our founding in 1895, but our The Andersons, Inc. Laurel Capeles, Toledo Public Schools Katie Fields, values, vision and dedication have remained the Emmah Artino, Inside the Five Brewing Co. Toledo Pride Kevin Carr, same. As we continue to celebrate this milestone Silverback Supply Allison Fiscus, Quinton Babcock, Toledo Lucas County Public Library in 2021, we will reﬂect on who we are, what we’ve The Village of Oak Harbor Malena Caruso, ProMedica Jon Fiscus, done and how we’ve played an integral role in the Caitlin Ballinger, Bayview Electric United Way of Greater Toledo Eddie Charlton, building of Toledo’s past, present and future. The Toledo Club Vanessa Flory, Kristal Barham, Everwild Join us at www.lathrop125.com Health Partners of Western Ohio Kelli Chovanec, ProMedica Kara Ford, Sheena Barnes, Legal Aid of Western Ohio Equality Toledo / Toledo Public Schools Lynda Chudzinski, Crown Matting Technologies Christy Frank, Tanya Barone, Little Sprouts / Christy Frank Bethany House Dylan Clement, Photography / Probate Court Edward Jones Investments Anthony Bellino, Brandon Gaddy, Michigan Sports Network, Detroit Nathan Cole, Owens Community College Lions, University of Michigan, University of Toledo COMING SOON IN University of Toledo, Toledo Walleye, Andrea Gardner, iHeart Radio-Toledo, BCSN Zahra Aprili Collins, Toledo Museum of Art Toledo Urban Federal Credit Union Christina Beran, Andrew Gardner, University of Toledo Medical Center Nicholas Cosentino, Gardian Angel, LLC PO Box 1206 · Maumee, Ohio 43537 (419) 865-0972 · www.toledobiz.com Key Private Bank Michelle Blue, RaShya Ghee, Michelle Blue, MSW, LISW Daniel Costello, Shybe, LLC • Redefi ning the Dana Incorporated Gina Bonino, Andrea Gibson, Workplace Environment Heartbeat of Toledo / Amy Cox, Sandusky County Young Professionals • Women Owned / Led Anchored in Hope Counseling, LLC Lucas County Children Services Group Business Directory Adrienne Bradley, Emily Croak, Jennifer Gilroy, ProMedica Aly Sterling Philanthropy FM Investment Services, a division of • 20 Under 40 Awards Farmers & Merchants State Bank • Wealth Management Kirk Brazeau, Eric Croak, Pacesetter Soccer Club Croak Asset Management, LLC Alex Goetz, • Book of Lists 2021 Running Wild Media Rachael Brinkman, Brian Crooks, COMING SOON IN Paramount First Hospitality - Anthony Goodwin, Renaissance Toledo Downtown Hotel ProMedica Jeremy Bronson, GBQ Malcolm Cunningham, Natalie Gray, ProMedica The Arts Commission DEADLINES Matthew Budds, Mohr Budds Law, PLLC Robert Detwiler, Alyssa Greenberg, Editorial Defi ance College Toledo Opera 15th prior to publication • Celebrating Manufacturing: Sara Burke, Advertising Owens Community College Kyle Dodd, Betsy Greenleaf, 17th prior to publication USING LOCAL SUPPLIERS Rudolph Libbe Group Jacoby Expo & Events Tyler Burklund, Please send press releases to: • Training & Apprenticeships [email protected] Hancock County Lee Dunn, Brandon Gyori, Please send subscription inquiries to: • Material Handling Educational Service Center Blink Marketing Logistics Fresh Products [email protected] Equipment & Services Heather Burnette, Ally Effl er, Erica Halada, Articles may be reprinted by obtaining written permission from Telex Communications, Inc. Errors and omissions contained in • Job Shop Directory WTVG 13abc Metroparks Toledo Toledo Public Schools Foundation editorial or advertising material are not the responsibility of the publisher. Subscriber lists are confi dential and protected. …continued on page 4 September 2021 · Toledo Business Journal · 3

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Amy Mosher, Ashley Redner, Kristen Shinaver, 419.742.4909 Social Rind Co. Danberry Realtors Launchpad Incubation at The University of Toledo BuckeyeBroadband.com/BusinessTV Charine Mourad, McKenna Reitz, StreamTV is a video solution that delivers your HD Cable TV subscription via the StreamTV app. Chef Charine Catering and Events Springfi eld High School Dee Shirey, Local 30+ is the required minimum HD Cable TV package and is an additional charge. StreamTV also Brown & Brown of Ohio, Inc. requires Buckeye Broadband Internet. Customers may use their own streaming device or rent a streaming box for an additional monthly fee. Stingray Music is included with a streaming box or with Rami Moussa, Matt Reny, a subscription to the Digital Basic Pak. Out-of-home and Look Back features are at the discretion of University of Toledo Boys & Girls Clubs of Toledo each programmer and may require being on the home network to view. BUC210197 College of Medicine & Life Sciences …continued on page 5 September 2021 · Toledo Business Journal · 5

Nicole Susdorf, Brett Wagner, • The steel bus structures – $451,000 Leadership Toledo Wagner Metals • Three dead tank General Electric cir- Tricounty cuit breakers – $144,000 Audrey Sweeney, Suzy Walch, …Continued from page 1 • Six Siemens regulators – $110,000 Sweeney Weirich Harden LLP. / Plante Moran According to Perkins, the site was se- Toledo Legal Aid Society Brett Perkins, general manager, Tri- lected with the intent to replace two aging Sierra Webb, county Electric Cooperative, explained, and undersized delivery points with one Sara Swisher, Toledo Lucas County Public Library “Over the past several years, we have larger substation. The corner location al- Toledo Regional Chamber of Commerce seen consistent growth with our current lows Tricounty to easily feed three phase AJ Westfall, loads in this area and we were approach- power in all four directions. Matt Temby, agilon health ing the capacity of the current infrastruc- “The entire community that we serve Vault Health & Fitness / ture. This area has had consistent growth in this area will benefi t in various ways. Delhi Fitness Club Andrew Wettle, with new loads, and we wanted to be pre- Current and future members will bene- Plante Moran pared for the future and have our system fi t with better reliability and larger avail- Alexandria Thomas, be an enticement for businesses to locate able capacity,” said Perkins. Candidates Neighborhood Properties Lindsey Whitcomb, within our service territory. We are opti- Perkins noted that despite operating as Owens Community College mistic that businesses will appreciate the a non-profi t cooperative utility, Tricoun- …Continued from page 4 Alec Thompson, electrical infrastructure being in place al- ty still pays property taxes. This project Regional Growth Partnership Jason White, lowing us to respond to businesses power will provide the area school, Township, Sandra Sieben, Witness Riches needs and requirements quickly.” and County with approximately $70,000 Lucas County Human Traffi cking Jennifer Thrasher, According to Perkins, in early 2020, a year in property tax revenue from Tri- Coalition Zepf Center J’Vann Winfi eld, Tricounty began requesting a detailed county. The substation will also provide Toledo Public Schools load study (DLS) from its transmission stable and reliable electricity for the area Luke Sims, Kathy Tucker, provider. The property was purchased in for decades, and will be an enticement for RallyCap Sports Historic South Initiative Amy Wolf, May 2020, followed by engineering draw- development and in return more jobs for Brown & Brown of Ohio, Inc. ings, permits, surveys, and material bids. the community. Regan Smith, Kirsta Tull, Tricounty broke ground on July 26 and Perkins also explained that most of Trans-World Shipping Service, Inc. United Way of Greater Toledo Daniel Woodcock, project completion is targeted for January the funding for the project is being pro- Peacock Social & Drone Works Toledo 2022, with the substation being energized vided by Tricounty’s cooperative partner, Hossein Sojoudi, Jordan Valdiviez, sometime during the fi rst quarter. National Rural Utilities Cooperative Fi- The University of Toledo Cogito Studios Rachel Wynkoop, In total, the equipment used for the nance Corporation (NRUCFC). Sandusky County Chamber of substation will include: Tricounty Rural Electric Cooperative Kara Steele, Jennifer Van Horn, Commerce • Two 10/12/14 MVA Virginia trans- operates on a non-profi t cooperative busi- Life Connection of Ohio Toledo Zoo formers – $677,000 ness model. It has fi ve substations and Will Yenrick, • An oil containment system to sur- three delivery points feeding over 620 Emilee Straziuso, Tom VanWingen, ProMedica round the transformers in the event of a miles of power lines to 4,400 members Balance Pan-Asian Grille The HandleBar Toledo, LLC leak – $27,000 throughout fi ve counties – Fulton, Henry, Tony Zimmerman, • A 12-foot by 20-foot control building Lucas, Wood, and Putnam – and is head- Reem Subei, Gary Ventimiglia, Zimmerman Building Company to house electronics – $98,000 quartered in Malinta, Ohio. Advocates for Basic Legal Equality Nexus Engineering Group

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Coming Next Month in For Advertising Info: 419.865.0972 Space Reservation: 09.20.21 6 · TOLEDO BUSINESS JOURNAL · SEPTEMBER 2021 DEVELOPMENT NEWS Ed Harmon recognized by Ernst & Young Trina Bediako with New Horizons Baking Company also recognized

Ed Harmon, NAI Harmon Group found- courage, ambition, and unwavering com- er, and Trina Bediako with New Horizons mitment to their companies, clients, and Baking Company in Norwalk, Ohio, have communities.” been recognized as winners for Entrepre- “I am honored to be recognized as a neur of the Year in Michigan and northwest winner and it is a testament to the work MOSSER Ohio. This award recognizes entrepreneurs our team does every day,” said Harmon. Since 1948 who have changed their industry and led in- “I know that this award makes a differ- novation while lifting up their employees ence by encouraging entrepreneurial activ- and communities, noted offi cials. ity among those with potential and recog- Do More Withh Mosserer. Michigan and northwest Ohio award nizing the contributions of people who in- winners were unveiled during a special spire others with their vision, leadership, virtual celebration in early August to hon- and achievement.” or and celebrate these business leaders Regional award winners are eligible for 9 Full-Service Construction who test the limits of the possible and fi nd consideration for the Entrepreneur Of The Company ways to catapult us from now to next and Year National Awards, to be announced in beyond. November 2021 at the Strategic Growth 9 Capital Improvements According to officials, the Entrepre- Forum, a prestigious gathering of high- Budgeting neur of the Year award is one of the pre- growth, market-leading companies. The eminent competitive award programs for Entrepreneur Of The Year National Over- 9 Site Optimization Support entrepreneurs and leaders of high-growth all Award winner will then move on to com- companies. The nominees are evaluated pete for the EY World Entrepreneur Of The 9 Metal Building Experts based on six criteria: entrepreneurial lead- Year™ Award in June 2022. ership; talent management; degree of diffi - Ed Harmon, NAI Harmon Group founder Entrepreneur Of The Year Award win- 9 Experienced Self-Performing culty; fi nancial performance; societal im- ners become lifetime members of a glob- Workforce pact and building a values-based compa- world, according to offi cials. al, multi-industry community of entrepre- ny; and originality, innovation, and future “EY is proud to celebrate these unstop- neurs, with exclusive, ongoing access to 9 100% Employee Owned plans. Since its launch, the program has pable entrepreneurs and welcome them into the experience, insight and wisdom of pro- expanded to recognize business leaders in our global Entrepreneur Of The Year alum- gram alumni and other ecosystem mem- more than 145 cities in over 60 countries ni community,” said AJ Jordan, EY Ameri- bers in over 60 countries — all supported Follow us around the world. cas Entrepreneur Of The Year program di- by vast EY resources. Since 1986, the En- The award is given by Ernst & Young US rector. “Despite the unprecedented chal- trepreneur Of The Year program has rec- mosserconstruction.com (EY US), which is recognized as one of the lenges of the past year, these heroic lead- ognized more than 10,000 US executives, largest professional services networks in the ers have inspired us all with their unrivaled noted offi cials.

The 6 Best Leadership Podcasts for CEOs isode, he discusses how many executives are adrenaline addicts who often get burnt out and how they can reconnect with their purpose at work. This podcast is The best leadership podcasts do more than fi ll “When there is humility in an organization, people set their ego aside, take re- perfect for leaders who have a tough problem and want to fi nd new solutions. dead air — they inform, excite, and provide insight. sponsibility for things going wrong, and fi x the problem,” 5) Jim Collins, author and speaker on business management Leadership podcasts are packed with nuggets of 2) Better with Michael Bush, CEO of Great Place to Work Jim Collins, author of the legendary book Good to Great, doesn’t have a podcast, wisdom, stories of successes and failures and fasci- Michael Bush, a business leader for the past 25 years, brings his insights to the but his website has a media section rich with insight. This gives leaders access to Col- nating people with unique depths of experience. For Better podcast, which is run by his company, Great Place to Work. The Better podcast lins, one of the fi nest leadership minds of our generation. leaders, these podcasts are invaluable for growth. stays true to the Great Place to Work mission of helping organizations become a great At the 2015 Global Leadership Summit Collins gave seven questions that all lead- The best part is that these podcasts are free and workplace for all. ers — especially young leaders — should ask themselves. These questions include: can be taken anywhere. The best leadership podcasts The podcast dives into tactical issues, such as how executives can create caring and “Will you settle for being a good leader or will you grow to become a great leader” Matt Lauth give leaders instant access to some of the world’s fi n- trusting cultures. But the Better podcast also delves into social issues, including social and “How will you change the lives of others?” est leadership minds, giving far more value to leaders inequality and sexual harassment at work. Leaders who want to be great rather than good should check out Collins’s web- than your typical documentaries or news programs. Listening to Better can help leaders dip their toes into controversial-yet-important site. Collins pulls no punches, teaching leaders how to face brutal facts, deal with em- Here are six of the best leadership podcasts available now, all of which feature topics they will likely encounter and create better environments for their employees. ployees who don’t fi t, and understand why there’s an inverse relationship between leaders who have spoken to Vistage members. 3) A Bit of Optimism with Simon Sinek, author and speaker power and leadership. 1) Jocko Podcast with Jocko Willink Simon Sinek, a speaker and author with millions of fans, wants leaders to feel more 6) A Life of Climb with Vistage CEO Sam Reese The Jocko Podcast is hosted by Jocko Willink, a retired U.S. Navy SEAL who’s earned optimistic at work. On his podcast, A Bit of Optimism, Sinek hosts a multitude of guests A Life of Climb is Vistage’s new podcast, a leadership development program by and the highest levels of recognition for leadership. — executives, researchers, athletes — to talk about life, love, and leadership. for CEOs. Willink hosts deep reviews of classic war and leadership books on his program, The episodes of A Bit of Optimism are shorter and more digestible than most, typ- Much like Vistage group meetings, A Life of Climb features conversations on topics which often runs for two-to-three hours. He also hosts guests — including veterans, ically running just north of 30 minutes. In recent episodes, Sinek has delved into the that leaders often face alone. scholars, and business leaders — to discuss their lives and views on leadership. benefi ts of failure, raising more resilient children, and the future of branding and Each podcast is broken into two parts. In the fi rst, a Vistage Chair talks to a CEO Willink embraces “extreme ownership,” or owning problems and their solutions, design. member about overcoming a challenge they faced. In the second half, Vistage CEO no matter if the problems were their fault. Leaders who embrace ownership embrace Sinek said that he hopes his show brings what its title promises: A little bit of Sam Reese talks to the Chair about the lessons learned and how CEOs can apply those humility, which Willink says is one of the most important behavioral traits an orga- optimism. lessons at their own companies. nization can have. 4) At the Table with Patrick Lencioni, author and president of Topics thus far have included innovating in the face of adversity, how leaders The Table Group can manage explosive growth, and how leaders can build their teams for long-term Sponsored by: Patrick Lencioni is best known for his book, The Five Dysfunctions of a Team, which success. examines the pitfalls that organizations face as their teams come together. He uses For leaders who aren’t done developing, A Life of Climb is a great way to gain in- his leadership podcast, At the Table, to have deep discussions on topics that are simi- sight and push themselves to greater heights on their leadership journey. larly diffi cult for managers. The best leadership podcasts aren’t passive entertainment — they’re tools for In one recent episode, “So You Want to Fire Someone,” Lencioni discusses the steps growth. Each of these podcasts can provide leaders with insights and moments of that every leader must take before cutting someone from their team. In another ep- truth, spurring positive change. Matt Lauth (419) 348-8046 Learn about Vistage in Toledo by contacting Matt at [email protected] [email protected] #1 Vistage Chair Worldwide LEADERSHIP. STRATEGY. COACHING. WHO’S WHO IN TOLEDO AREA LAW SEPTEMBER 2021 · TOLEDO BUSINESS JOURNAL · 7

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Denise M. Hasbrook Stephen House David L. Kuhl Roetzel & Andress, LPA Rohrbachers Cron Manahan Trimble & Eastman & Smith Ltd. Carl E. Habekost Zimmerman Co., LPA Bugbee & Conkle, LLP Douglas G. Haynam Jared J. Lefevre Shumaker, Loop & Kendrick, LLP David R. Hudson Eastman & Smith Ltd. Matthew D. Harper Reminger Eastman & Smith Ltd. Phillip Heebsh Lynn V. Luther Roetzel & Andress, LPA James H. Irmen Eastman & Smith Ltd. Marshall & Melhorn LLC David J. Mack Reginald S. Jackson Shumaker, Loop & Kendrick, LLP Eastman & Smith Ltd. Richard S. MacMillan Frank D. Jacobs MacMillan Sobanski & Todd, LLC Eastman & Smith Ltd. INTELLECTUAL PROPERTY Catherine B. Martineau Carrie A. Johnson James R. Jeff ery MacMillan Sobanski & Todd, LLC Eastman & Smith, LTD Spengler Nathanson PLL PROBATE & ESTATE PLANNING Janelle M. Matuszak Ronald M. Cooperman Carrie A. Johnson Bugbee & Conkle, LLP Weber & Sterling, LLC Eastman & Smith Ltd. Stephen S. Keller, Esq. Timothy C. McCarthy Weber & Sterling, LLC BANKRUPTCY / CREDITORS’ RIGHTS EMPLOYMENT & LABOR Stephen S. Keller Shumaker, Loop & Kendrick, LLP Steven V. Poturalski Weber & Sterling, LLC Matthew D. Harper Heidi N. Hartman Weber & Sterling, LLC Eastman & Smith, LTD Eastman & Smith, LTD Michael S. McGowan Dennis P. Williams Jared J. Lefevre Thomas J. Gibney Weber & Sterling, LLC Richard M. Kerger Shumaker, Loop & Kendrick, LLP Eastman & Smith, LTD Eastman & Smith, LTD PRODUCT LIABILITY Kerger Law Firm Mark W. Sandretto Lynn V. Luther Stu Goldberg Jennifer A. McHugh Eastman & Smith, LTD Eastman & Smith, LTD Eastman & Smith, LTD Taylor Knight Spengler Nathanson PLL BUSINESS / CORPORATE Sarah E. Pawlicki Michael W. Regnier Reminger Graham A. Bluhm Eastman & Smith, LTD Eastman & Smith, LTD Michael S. Messenger Eastman & Smith, LTD Carrie L. Urrutia Mark W. Sandretto Eastman & Smith, LTD Gerald R. Kowalski RCO Law John H. Boggs Eastman & Smith, LTD Spengler Nathanson PLL Eastman & Smith, LTD James B. Yates PROFESSIONAL LIABILITY / Vincent S. Mezinko Carrie A. Johnson Eastman & Smith, LTD MALPRACTICE Michelle L. Kranz RCO Law Eastman & Smith, LTD ENVIRONMENTAL Robert J. Gilmer, Jr. David L. Kuhl Joseph A. Gregg Eastman & Smith, LTD Zoll & Kranz, LLC Eastman & Smith, LTD Eastman & Smith, LTD James F. Nooney David C. Krock David W. Nunn Eastman & Smith, LTD Eastman & Smith, LTD Eastman & Smith, LTD Michael W. Regnier Jared J. Lefevre ENVIRONMENTAL LITIGATION Eastman & Smith, LTD Eastman & Smith, LTD Joseph A. Gregg REAL ESTATE Fadi V. Nahhas Eastman & Smith, LTD Gene A. Abercrombie Eastman & Smith, LTD ESTATE PLANNING & PROBATE Eastman & Smith, LTD Breanne M. Rubin John H. Boggs Steven V. Poturalski Eastman & Smith, LTD Eastman & Smith, LTD Weber & Sterling, LLC BUSINESS LITIGATION Ronald M. Cooperman Steven D. Reinbolt Reginald S. Jackson, Jr. Weber & Sterling, LLC Eastman & Smith, LTD Eastman & Smith, LTD Frank D. Jacobs Lane D. Williamson Matthew D. Harper Eastman & Smith, LTD Eastman & Smith, LTD Eastman & Smith, LTD Stephen S. Keller, Esq. Linde Hurst Webb Adam S. Nightingale Weber & Sterling, LLC Eastman & Smith, LTD Eastman & Smith, LTD David C. Krock TAX BUSINESS SUCCESSION PLANNING Eastman & Smith, LTD Ronald M. Cooperman Stephen S. Keller, Esq. Steven V. Poturalski Weber & Sterling, LLC Weber & Sterling, LLC Weber & Sterling, LLC David C. Krock Steven J. Poturalsk Robert V. Sterling, Esq. Eastman & Smith, LTD Weber & Sterling, LLC Weber & Sterling, LLC Steven V. Poturalski Dennis P. Williams Dennis P. Williams, Esq. Weber & Sterling, LLC Weber & Sterling, LLC Weber & Sterling, LLC Dennis P. Williams, Esq. COMMERCIAL LAW Linde Hurst Webb Weber & Sterling, LLC Graham A. Bluhm Eastman & Smith, LTD TRIAL PRACTICE Eastman & Smith, LTD Lane D. Williamson James F. Nooney COMMERCIAL LITIGATION Eastman & Smith, LTD Eastman & Smith, LTD Robert J. Gilmer, Jr. HEALTHCARE WHITE COLLAR CRIME & Eastman & Smith, LTD David L. Kuhl INVESTIGATIONS CONSTRUCTION LAW Eastman & Smith, LTD Reginald S. Jackson, Jr. Gene A. Abercrombie Steven D. Reinbolt Eastman & Smith, LTD Eastman & Smith, LTD Eastman & Smith, LTD Adam S. Nightingale James B. Yates Breanne M. Rubin Eastman & Smith, LTD Eastman & Smith, LTD Eastman & Smith, LTD WORKERS’ COMPENSATION CONSTRUCTION LITIGATION IMMIGRATION Thomas A. Dixon Matthew D. Harper Thomas A. Dixon Eastman & Smith, LTD Eastman & Smith, LTD Eastman & Smith, LTD Thomas J. Gibney EMPLOYEE BENEFITS & Fadi V. Nahhas Eastman & Smith, LTD EXECUTIVE COMPENSATION Eastman & Smith, LTD Sarah E. Pawlicki Lynn V. Luther INSURANCE Eastman & Smith, LTD Eastman & Smith, LTD Stu Goldberg Carrie L. Urrutia Eastman & Smith, LTD Eastman & Smith, LTD

View online at: www.ToledoLawFirms.com Marvin A. Robon David F. Waterman Rickard E. Wolff Barkan & Robon, Ltd. Shumaker, Loop & Kendrick, LLP Spengler Nathanson PLL

Matthew Rohrbacher Linde Hurst Webb James B. Yates Rohrbachers Cron Manahan Trimble & Eastman & Smith Ltd. Eastman & Smith Ltd. Zimmerman Co., LPA Kenneth J. White Thomas S. Zaremba James I. Rothschild Marshall & Melhorn LLC Roetzel & Andress, LPA Andrew W. Miller Shumaker, Loop & Kendrick, LLP Brouse McDowell Julia Smith Wiley Mechelle Zarou Breanne M. Rubin RCO Law Shumaker, Loop & Kendrick, LLP J. Douglas Miller Eastman & Smith Ltd. Shumaker, Loop & Kendrick, LLP Dennis P. Williams Todd Zimmerman Mark W. Sandretto Weber & Sterling, LLC Rohrbachers Cron Manahan Trimble & Russell Miller Eastman & Smith Ltd. Zimmerman Co., LPA Rohrbachers Cron Manahan Trimble & Lane D. Williamson Zimmerman Co., LPA Timothy J. Semro Eastman & Smith Ltd. Marguerite E. Zinz Semro Henry & Barga, Ltd. Brouse McDowell J. Peter Millon Patricia Wise Spengler Nathanson PLL Rebecca E. Shope Spengler Nathanson PLL David W. Zoll Shumaker, Loop & Kendrick, LLP Zoll & Kranz, LLC Mark Mockensturm Mockensturm Ltd. Gregory S. Shumaker Shumaker, Loop & Kendrick, LLP Martin E. Mohler Mohler Law, Ltd. Jean Ann S. Sieler RCO Law James M. Morton Anspach Law Peter R. Silverman Shumaker, Loop & Kendrick, LLP Fadi V. Nahhas Eastman & Smith Ltd. Sarah K. Skow Spengler Nathanson PLL Scott D. Newsom Shumaker, Loop & Kendrick, LLP Steven R. Smith Collier Law Group LLP Adam S. Nightingale Eastman & Smith Ltd. Mark J. Sobanski MacMillan Sobanski & Todd, LLC James F. Nooney ATTORNEYS AT LAW Eastman & Smith Ltd. Nicholas T. Stack Shumaker, Loop & Kendrick, LLP 419-893-3360 Suzanne Belot Norton 1721 Indian Wood Circle, Suite 1 Marshall & Melhorn LLC Stephen J. Stanford RCO Law Maumee, OH 43537 David W. Nunn Eastman & Smith Ltd. Joan C. Szuberla PROBATE; Spengler Nathanson PLL Thomas W. Palmer ESTATE PLANNING; Marshall & Melhorn LLC Stephen Szuch TAX LAW; Spengler Nathanson PLL Jerome R. Parker BUSINESS & CORPORATE LAW; Gressley, Kaplin & Parker LLP Louis E. Tosi FARMING / BUSINESS Shumaker, Loop & Kendrick, LLP SUCCESSION PLANNING; Douglas V. Pavelko MacMillan Sobanski & Todd, LLC J. Mark Trimble CHARITABLE, GIFT & Rohrbachers Cron Manahan Trimble & FOUNDATION PLANNING; Sarah E. Pawlicki Zimmerman Co., LPA WEALTH TRANSFER; Eastman & Smith Ltd. Robert C. Tucker GUARDIANSHIPS Gregg A. Peppel RCO Law Turley, Peppel & Christen LLC Tony A. Turley Steven V. Poturalski Turley, Peppel & Christen LLC DENNIS P. WILLIAMS Weber & Sterling, LLC [email protected] Carrie L. Urrutia Paul A. Radon Eastman & Smith Ltd. OSBA certifi ed specialist in Barkan & Robon, Ltd. Estate Planning, Trust & Probate Law Craig J. Van Horsten Michael W. Regnier RCO Law STEPHEN S. KELLER Eastman & Smith Ltd. Gregory H. Wagoner [email protected] Steven D. Reinbolt Shumaker, Loop & Kendrick, LLP OSBA certifi ed specialist in Eastman & Smith Ltd. Mark Wagoner Estate Planning, Trust & Probate Law Cynthia L. Rerucha Shumaker, Loop & Kendrick, LLP Shumaker, Loop & Kendrick, LLP RONALD M. COOPERMAN Richard S. Walinski [email protected] Joseph A. Rideout Brouse McDowell Shumaker, Loop & Kendrick, LLP Carasusana B. Wall STEVEN J. POTURALSKI H. Buswell Roberts Zoll & Kranz, LLC [email protected] Collier Law Group LLP 10 · TOLEDO BUSINESS JOURNAL · SEPTEMBER 2021 DEVELOPMENT NEWS Tip Products relocating to New London facility Wire harness and cord set manufacturer to add approximately 30 new jobs in Huron County Tip Products, a wire harness and cord Drive across from Firelands Electric Co- with demand, develop a more effi cient pro- “We feel we can be advantageous to the set manufacturer currently located in Cleve- operative, will be 30,000 square feet with a duction fl ow, and venture into new avenues community with job opportunities for all land, will be moving into a facility being combination of offi ce and production man- of the manufacturing industry to accommo- ages and skill levels,” Pellerin said. “We constructed in New London. Dave Fin- ufacturing space on 6.5 acres of land. The date new customers. offer a non-toxic, safe environment to work ley, Tip Products general manager, said design and placement of the building on “The Village of New London and Hu- in with medical / dental and vision benefi ts the move is to better accommodate growth the property allows for future expansions ron County Development Council have and a SIMPLE IRA option. We have up to opportunities and to increase production up to 60,000 square feet. Janotta & Hern- been instrumental in bringing Tip Prod- 10 immediate positions to fi ll with incen- effi ciency. er is the design/build general contractor on ucts to New London,” said Michelle Pel- tives to come train in Cleveland along with “This building will allow us to venture this project. lerin, Tip Products offi ce manager. “They 20 positions to start when our facility is up into new territories,” said Finley. “We will Tip Products was founded in 1965 and have guided us through the approval pro- and running in New London.” be able to do warehousing for just-in-time has been at its current location in Cleveland cess and have offered incentives to get em- Groundbreaking on this project was held delivery for our existing customers and at- since 1967. The company expanded in 1989 ployees hired and trained in Cleveland be- on July 20 and is expected to be fi nished this tain new customers that require this type and 2006 to develop into its current space of fore the transition.” winter. Their location in Cleveland will re- of production.” 20,000 square feet. According to offi cials, Tip Products will be adding approxi- main open until Tip Products moves into The new facility, located on Industrial the move will allow the company to expand mately 30 new jobs in Huron County. the new location, noted offi cials. Stage Equity Partners acquires Perrysburg MOB Company acquires 15,100 square foot McLaren St. Luke’s building near Levis Commons Stage Equity Partners LLC has ac- St. Luke’s as a valued tenant partner in our at large. The MOB was specifically de- including the hospital’s sole residency and quired the 15,100 square foot, fully-leased portfolio of healthcare properties,” said signed and constructed in a fast-growing pharmacy training programs. McLaren St. Luke’s medical office build- Brian L. Howard, founder and president suburb of Toledo, and located just off the The modern one-story building con- ing (MOB) in Perrysburg. of Stage Equity Partners. “McLaren St. highway and minutes from the 312-bed tains a large waiting and reception area, The Chicago-based private real es- Luke’s is a strong, well-regarded hospital McLaren St. Luke’s Hospital. We look for- 24 exam rooms, two procedure rooms, 12 tate investment firm focusing on health- in the market and a subsidiary of McLaren ward to continuing to grow our presence administrative offices, a resident’s work care real estate (HRE) properties closed Health Care Corporation, one of the larg- in Ohio with additional acquisitions and area, a classroom, and other employee on the transaction August 3. McLaren St. est healthcare systems in the Midwest. development.” spaces. Luke’s occupies 100% of the building un- He added, “McLaren St. Luke’s utilizes He noted that the building was recent- Marcus & Millichap brokered the trans- der a long-term lease. the facility to train their primary care phy- ly constructed in 2018 and designed for action, and financing was provided by Chi- “We are very3 pleased to add McLaren sicians and service the patient community McLaren St. Luke’s primary care practice, cago-based Byline Bank, noted officials. MONTHS The Greater Toledo Book of Lists is an annual resource that compiles Business Lists published in Toledo Business Journal and UNTIL… Manufacturing & Construction News over the past year. It will be available to readers in our December Issue. This comprehensive Book of Lists is the region’s foremost source for information on companies and industries operating in northwest Ohio.

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farmers in Atlantic Canada. Additionally, AquaBounty is developing scientifi c and AquaBounty technical support services to market to oth- AW]Z\W]OP_WZS W]ZMI[aOWQVO\MIU …Continued from page 1 er land-based fi sh farmers. “We have received very positive interest tons. The company is fi nalizing the design from a variety of customers representing sea- for the estimated 479,000 square foot facili- food distributors, food service operators, and ty and expects to invest over $200 million in retailers, and are thrilled that the fi rst harvest the project. Construction is slated to begin in is already fully committed. It is gratifying to

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TOM LUECK WILL TUNIS The new farm will be AquaBounty’s fi rst large-scale commercial facility, with Commercial Banker Commercial Banker a planned annual production capacity of 10,000 metric tons 419.931.8892 419.878.0305 late 2021 and the company anticipates com- see that our customer partners understand the mercial stocking of salmon to commence in many beneﬁ ts AquaBounty’s Atlantic salm- 2023. Once in operation, the farm is expect- on provide, and that they embrace technolo- ed to bring over 100 new jobs to the region. gy that will bring more food to more people Member FDIC “We are excited to announce Pioneer, (…continued on page 12)

Ohio as the location of our next farm,” fmrch_38974_Toledo_Business_Journal_Print_Q3.indd 1 8/20/20 2:53 PM said Sylvia Wulf, chief executive offi cer of AquaBounty. “After an intensive analysis of the site data and the completion of substantial due diligence, Pioneer met our selection requirements. The Village of Pioneer, Wil- liams County, the State of Ohio, JobsOhio, and the Regional Growth Partnership (RGP) have all been a pleasure to work with and are highly supportive of the economic benefi ts we plan to bring to the community. “The State of Ohio currently is fi nalizing a package of economic incentives to support AquaBounty’s location at the Pioneer site, as the plan for the new farm is contingent upon approval of State and local incentives. De- WHAT CAN CBS Joe Bajas tails of the site purchase have been agreed upon and we expect to begin construction by the end of the year,” concluded Wulf. 419.214.0033 According to the company, the new farm DO FOR YOU www.cbscuso.com will be incorporating the latest technology ? and equipment according to the specifi ca- Your local credit union cooperative tions of its technical design team. “AquaBounty’s GE Atlantic Salmon are working to fund commercial loans. raised in safe, secure, and sustainable fi sh farms in America’s heartland. By recycling more than 95% of our water and removing • Loans up to $10,000,000 + the solid wastes within the farm, the solid waste can be utilized by local farmers for • No Prepayment Penalties fertilizer, and/or disposed of in an environ- • Attractive Long Term Interest Rates mentally and odor free manner,” said the company. • Personalized Service AquaBounty will supply fresh Atlantic salmon to a variety of customers including seafood distributors, food service operators, SM and retailers in the US and Canada, noted the Your Business Lending Partner John M. Skeldon company. Its hatchery and broodstock facilities in Prince Edward Island, Canada will provide all the salmon eggs to meet its production needs. The company sells conventional Atlantic salmon eggs, fry, and smolt (non-bioengineered) to conventional salmon 12 · TOLEDO BUSINESS JOURNAL · SEPTEMBER 2021 FINANCIAL SERVICES & TAX Great Lakes Restoration Initiative receives $1B in funds

US Senators Rob Portman of Ohio and fi ve years, through FY 2026, and increased chair of the Senate Great Lakes Task Force, Debbie Stabenow of Michigan recently re- the authorization level to $375 million for I will continue to lead the fi ght to protect our vealed that the Great Lakes Restoration Ini- FY 2022 and by $25 million annually until it Great Lakes. Lake Erie is an Ohio treasure tiative (GLRI) will receive $1 billion in new reaches $475 million in FY 2026. IIJA pro- that provides drinking water for millions of funding as part of the Infrastructure Invest- vides supplemental funding to the GLRI over Ohioans, supports hundreds of thousands of ment and Jobs Act, the end result of the bi- fi ve years, which is in addition to the funding jobs, and draws millions of visitors each year. partisan infrastructure negotiations from the the program receives through the annual ap- I will continue to fi ght to help preserve this past three months. The Infrastructure Invest- propriations process. Portman and Stabenow treasure for future generations.” ment and Jobs Act (IIJA) includes $5.5 bil- continue to advocate for the full authorized “This is the single largest investment we’ve lion in funding to support ecosystems across funding level of $375 million for the GLRI in made in the Great Lakes and it’s great news. the country. the FY 2022 appropriations process. Republicans and Democrats worked togeth- As co-chair of the Senate Great Lakes Task “I’m pleased that new funding for Great er to fund the Great Lakes Restoration Ini- Force, Portman continues to lead the efforts to Lakes Restoration Initiative was included tiative because we know our precious Great protect Lake Erie from harmful algal blooms, in the Infrastructure Investment and Jobs Lakes aren’t just a key part of our economy invasive species, contamination, and micro- US Senator Rob Portman of Ohio Act. For our communities along Lake Erie, – they are an important part of our way of beads, noted offi cials. In January of this year, healthy water and ecosystems are the bed- life in Michigan. This transformative invest- Portman and Stabenow applauded the sign- Restoration Initiative (GLRI) Act into law, rock of a more resilient economy and more ment will protect our lakes for our children ing of their bipartisan bill, the Great Lakes which reauthorized the GLRI program for durable infrastructure,” said Portman. “As co- and grandchildren,” said Stabenow. Hart Medical Equipment combines with NOME Hart Medical Equipment, a durable med- is excited to expand its robust services and dis- enhance business operations and patient care brings years of experience, e-commerce op- ical equipment provider headquartered in tinctive value by merging with NOME,” said within both organizations, noted offi cials. portunities, and new product and service of- Michigan, has merged with Northwest Ohio Bart Buxton, PhD, chair of Hart’s board of “This is a well-planned merger that re- ferings to customers,” said Myron D. Lew- Medical Equipment (NOME), a division of directors and president and CEO of McLar- fl ects Hart’s vision to expand its health sys- is, president and chief executive offi cer for Blanchard Valley Health System (BVHS), in en Health Management Group. “This merger tem partnerships and focus on continuity of BVHS. “This decision was made after a great partnership with Wood County Hospital and marks Hart’s third in 18 months as part of our care, reduced readmissions, and long-term pa- deal of research, discussion, and strategic The Bellevue Hospital. NOME will be re- active merger and acquisition strategy towards tient outcomes,” said Allen Hunt, president of planning. We truly believe this is a win-win branded as Hart Medical Equipment. expanded market growth in the Midwest.” Hart Medical Equipment. situation for everyone involved.” “As a unique durable medical equipment The merger, which offi cially took place “This is an incredible opportunity to According to Hart, it is skilled at working provider with a specialized focus serving on July 1, will build on Hart’s and NOME’s broaden home medical equipment services with health systems, streamlining processes to healthcare systems, Hart Medical Equipment collective strengths and unique offerings to for our community. Hart Medical Equipment (…continued on page 26)

and Indiana, AquaBounty is raising salmon free of antibiotics and other contaminants, Your ambitions are our AquaBounty in land-based recirculating aquaculture sys- …Continued from page 11 tems (RAS), which are designed to prevent disease and to include multiple levels of fi sh blueprint. in a cost-effective and sustainable manner,” containment to protect wild fi sh populations. said Wulf. “With the food service industry According to the company, 90% of all farmed quickly regaining momentum toward pre- Atlantic salmon is currently imported from pandemic activity and with restaurants re- overseas. AquaBounty’s solution offers a re- opening nationally, we remain very optimis- duced carbon footprint and no risk of pollu- tic for the demand for our fi sh.” tion of marine ecosystems, as compared to Seafood distributors and food service traditional sea-cage farming. operators are the company’s initial primary “Aquaculture is the solution to bridging target, noted offi cials, and other sales chan- the seafood gap in supply. More fi shing is not nels will follow as it ramps up its harvest- the answer. By 2050, the global population ing capacity. is expected to grow to between 9 and 10 bil- “AquaBounty’s decision to choose Ohio lion. AquaBounty is helping meet the grow- for its fi rst large-scale aquaculture facility is ing global demand for animal protein with a Local decision-making, personalized more evidence that Ohio is emerging from safe, secure, and sustainable Atlantic salm- financing solutions and our full attention. the pandemic stronger than before,” said J.P. on raised on freshwater, land-based farms Nauseef, JobsOhio president and CEO. “This close to major markets in North America,” investment will bring 112 new jobs to north- said the company. west Ohio, further solidifying the region’s According to AquaBounty, it is the fi rst Mike Lagger role as a national leader in agribusiness pro- and only company in the world to raise and Senior Commercial Lender duction and distribution.” market a genetically engineered Atlantic [email protected] AquaBounty Technologies, Inc. is in the salmon approved by the US Food and Drug fi eld of land-based aquaculture and the use Administration (FDA) and Health Canada. of technology for improving its productivi- AquaBounty provides all information nec- ty and sustainability. According to the com- essary to meet the National Bioengineered Dirk VanHeyst pany, its objective is to help ensure the avail- Food Disclosure Law (BE) disclosure and Commercial Lending Manager ability of high-quality seafood to meet glob- any applicable food labeling requirements. [email protected] al consumer demand, while addressing crit- “This new farm will allow AquaBounty’s ical production constraints in the most pop- fresh, clean salmon to reach more markets ular farmed species. in less time and help feed a growing popu- The company’s genetically engineered lation,” said the company. salmon program is based upon a single, spe- Although AquaBounty is only now be- cifi c molecular modifi cation in salmon that ginning to bring its innovative, fast-growing Toledo | Sylvania | Maumee | Perrysburg | Bowling Green results in more rapid growth in early develop- Atlantic salmon to market, it has 30 years

YourPremierBank.com All credit services are subject to credit approval. Member FDIC ment, noted ofﬁ cials. With aquaculture farms of experience in raising these ﬁ sh, noted the located in Prince Edward Island, Canada, company. FINANCIAL SERVICES & TAX SEPTEMBER 2021 · TOLEDO BUSINESS JOURNAL · 13 The Andersons sells rail leasing business for $550M

The Andersons, Inc. has sold its rail- Koenig, managing partner at ITE and mem- car leasing business to American Industri- ber of the AITX board of directors. “With al Transport, Inc. (AITX) for approximate- our more diversifed fl eet offering and best- ly $550 million in cash. The Andersons also in-class repair network, AITX customers intends to market its remaining railcar repair now have greater fl exibility to meet their rail business, including 29 facilities throughout shipping, servicing, and data needs.” the United States, noted offi cials. “The employees involved are among the “This railcar leasing business has been a most skilled and experienced in the railcar successful and consistent cash fl ow gener- leasing industry, and they have been crit- ator for The Andersons. The strategic deci- ical to our success,” commented Joe Mc- sion to sell the leasing business allows us to Neely, president, The Andersons nutrient focus on and invest in our agricultural seg- and industrial business. “We deeply value ments to leverage our core strengths. It also The Andersons’ headquarters located in Maumee their contributions and thank them for their will improve our balance sheet thereby en- commitment to The Andersons. We’re deter- abling us to redeploy capital in a manner that AITX provides solutions to the freight “We are incredibly pleased to expand mined to make their transitions as smooth will enhance shareholder returns,” said Pat shipping industry across railcar leasing, re- the breadth and depth of our railcar leasing as possible.” Bowe, president and CEO of The Andersons. pair, and data. The company is an affi liate platform and the services AITX can pro- The company expects to use the proceeds “While we intend to divest our rail segment of ITE Management L.P., an asset manager vide. AITX expects to hire a majority of The initially to pay down debt, while maintain- in its entirety, we will continue normal op- targeting transportation and industrial as- Andersons employees in the railcar leasing ing a disciplined approach to future growth erations of our repair and service business sets and companies and related industries business, and we are pleased to welcome investments and returning cash to sharehold- as we conduct a sale process.” and services. aboard our new team members,” said Jason ers, noted offi cials. ToledoCPAs.com merges with Ryan Enterprises ToledoCPAs.com, a Toledo-based certifi ed technology consulting, and accounting soft- of the small business community in northwest and bookkeeping services, payroll services, public accounting fi rm, and Ryan Enterpris- ware training and implementation. Thomas Ohio. We plan on continuing and expanding and ad hoc controller / treasurer services. es – the successor fi rm to Craig Andrews & Baird, CPA, and Theresa Ryan will continue on that tradition to our continuing clients from According to the fi rm, ToledoCPAs.com Associates – have merged. According to the with their client relationship responsibilities both entities.” – having served the Toledo area for over 30 fi rms, ToledoCPAs.com will continue to meet for ToledoCPAs.com. The fi rm will be located at 1811 North years and focused on the middle market fi rms the client needs of both entities, as both fi rms “This is a natural fi t for our clients as well Reynolds Road, suite 201, in Toledo and will that are the hub of the economy – is the highest have a history of client service in the areas of as those of Ryan Enterprises,” said Baird. “We continue to offer personal and business income rated certifi ed public accounting fi rm in all of accounting, bookkeeping, individual and cor- both have an excellent tradition of client ser- tax preparation and planning services, busi- Ohio, achieving this through consistent deliv- porate income tax preparation and planning, vice and meeting the accounting and tax needs ness and technology consulting, accounting ery of client services at an affordable cost. DON'T KEEP YOUR CREDIT DEPARTMENT IN THE DARK! Published twice a month, Credit Watch will provide invaluable help to your Credit Department. It identifi es area companies— including customers, suppliers, and competitors—that have been sued by other businesses or have fi led bankruptcy.

Visit toledobiz.com/publications.html for info 14 · Toledo Business Journal · September 2021 Workforce UPDATE SEPTEMBER 2021

Top 10 Corporations Hiring 1. ProMedica Lowest Total Workforce in 10 Years 2. Th e Dollar General 3. Mercy Health The average total available openings were advertised in 108 over last year. $63.09. The State of Ohio was 4. Walmart workforce for Northwest Ohio, Northwest Ohio according to up at $104.73 at $701.29 billion 5. Home Depot which includes all employed Wanted Analytics. The top four The number one certiﬁ ca- from 2011. The regions share of 6. Blanchard Valley Health System and unemployed people, was occupations in demand were tion sought was a driver’s li- this was up .18% from 2011. 7. Marathon Petroleum Corporation 587,533 for the second quarter Sales, Healthcare, Transporta- cense while the second was a 8. Spectrum of 2021. This is the lowest num- tion, and Offi ce Support. These CDL license. Four of the top 10 The Regional Growth Part- 9. Lima Memorial Hospital ber of people in the region for categories represented 49% of non-manufacturing corpora- nership and JobsOhio, Owens 10. Kroger Co. the last 10 years for this period. all job posted in Northwest Ohio. tions hiring were in healthcare. Community College, Terra Com- Sales and Healthcare were each The top ﬁ ve occupations in the munity College, NORED, Pen- Topp 5 CCorporate Occupations Unemployment in Northwest 14% of all occupations posted. manufacturing area were First ta County JVS and Lucas and Ohio averaged 5.8% for the 2nd Line Supervisor, Industrial En- Wood County OhioMeansJobs 1. Registered Nurses quarter of 2021. It was 16% for Of all jobs posted in June of 2021 gineers, Maintenance / Repair, off er this quarterly snapshot of 2. First-Line Supervisors the same period in 2020. The approximately 53% required a Heavy Truck Drivers, and Pro- the economic status in North- of Retail Sales Workers second quarter average unem- high school education, 47% reduction Workers. west Ohio. This data tracks the 3. Retail Salespersons ployment was 6.1% for the na- quired a two-year or four-year vitality of our regional econo- 4. Customer Service Representatives tion and 6.3% for Ohio in 2021. degree or more. The total num- The Gross Regional Product for mies as well as off ers insights 5. First-Line Supervisors ber of internships advertised the region was up $75.45 bil- into workforce development of Food Preparation and Serving Workers As of June 2021, 21,645 job was 329, which is an increase of lion dollars compared to 2011 at trends and issues. Top 10 Manufacturers Hiring 1. Marathon Petroleum Corporation 2. First Solar Owens Workforce Training Produces Job-Ready Workers 3. Owens Corning 4. Cooper Tire & Rubber Company As Northwest Ohio’s “We also work with non-profi t partners to pays for at least 50 percent of the student’s 5. Dana Incorporated leader in workforce train unemployed and underemployed indi- tuition and fees at Owens, and employs 6. Bob Evans Food Inc. education and train- viduals,” said Quinton Roberts, Owens Dean the student for a minimum of 24 hours per 7. Whirlpool ing, Owens Commu- of Workforce and Community Services. “In week.” 8. O-I Corporation nity College works June of this year, eight students graduat- 9. Magna Corporation with companies as ed from our welding program in downtown RAMP graduates gain a foundation and 10. PPG Industries well as individu- Toledo with one of our partners, the Cherry working knowledge of robotics, fl uid/power, Topp 5 OpenO Manufacturing Occupations als to close the skills Street Mission. One of those students elect- pneumatics, machining, and electrical skills. gap and produce job- ed to enroll at Owens to continue his educa- Th is mix of multi-skilled education and on- 1. First-Line Supervisors of ready workers. tion in welding. Th e others were all off ered the-job training hours provides a strong Production & Operating Workers employment opportunities from local com- pathway of opportunity upon graduation. 2. Industrial Engineers Quinton D. Roberts, Owens Workforce panies. Th e training was a win for everyone.” At the completion of the program, students 3. Maintenance and Repair Workers, General Dean of Owens and Community Ser- graduate with an Associate of Technical 4. Heavy and Tractor-Trailer Truck Drivers College Workforce vice’s offi ce continues Other training opportunities exist in ma- Studies Degree in Applied Engineering. 5. Production Workers, All Other and Community to collaborate with lo- chining, tool and die, and welding through Source: CEB Talent Neuron Analytics 08/13/2021 Services cal and regional busi- collaborative eff orts with non-profi t or- All recent RAMP graduates are now full- nesses thanks to the ganizations from both Lucas and Wood time employees of their sponsoring com- 2ND QUARTER INTERNSHIP REPORT: leadership from the college’s new president, Counties. panies. Owens expects to launch a simi- NORTHWEST OHIO Dr. Dione Somerville, the eighth president lar RAMP program in the Lucas and Wood in Owens’ history. Th e Regional Advanced Manufacturing County area over the next year. TOP FIVE COMPANIES Partnership (RAMP) in Findlay is another ADVERTISING INTERNSHIPS Owens will work with companies that need Owens collaborative partnership. Another skill in demand is truck driving. 1. Walgreens job-ready workers by creating a network Th is profession is dependent upon high 2. Bon Secours Mercy Health with current students or alumni. Owens “RAMP is an apprenticeship that blends quality, CDL A-licensed drivers. Owens 3. Premier HVAC llc graduates are a resource for area employers. classroom instruction with on-site work ex- truck driving classes are ready to train inter- 4. Therma-Tru, ProMedica, perience at a sponsoring company’s manu- ested individuals today. Th e Owens gradu- University of Toledo (tie) For those companies that want to train or facturing facility,” Roberts explained. “It ate employment rate is more than 90 per- 5. Loves Travel Stops upskill their existing workforce, Owens pro- incorporates a selective admissions pro- cent, “thanks to the quality of our training TOP FIVE INTERNSHIP vides training solutions. Owens customizes gram where students are chosen to partici- and demand for truck drivers in northwest POSITIONS ADVERTISED workforce training for students and compa- pate by a sponsoring company based on the Ohio,” Roberts said. “We purchased two new nies that can include courses that lead to an student’s academic success, math capabili- trucks for training last year and we also are 1. Pharmacists / Pharm Techs academic degree or certifi cate, an industry- ties, and interpersonal skills during the in- investing in simulation technology to en- 2. Bus & Truck Mechanics recognized certifi cation, or a certifi cate of terview process. Th e sponsoring company hance our training.” 3. Industrial Engineers completion for a professional development 4. Marketing Support course. In addition, Owens off ers custom- 5. Heating & Air Conditioning Techs For more information on how Owens Workforce training ized training for companies. provides you job ready people visit owensworks.com. Source: Conference Board (http://ohiolmi.com/asp/omj/hw.htm) September 2021 · Toledo Business Journal · 15

to educate the commu- Penta Career Center is a nity and area employers about the benefi ts of career-technical educa- Solution to the Skills Gap tion. Penta Career Center, Toledo Public Schools, Or- Penta Career Center During the 2020-2021 school year, Penta egon City Schools, Sylva- and Career Technical students earned more than 2,000 industry- nia City Schools and Wash- Education (CTE) off er recognized credentials. Th ese important ington Local Schools, have solutions to eliminate certifi cations are not only benefi cial to the joined forces to establish skills gaps within our students, but also for employers. Many stu- “CTE Connects.” Not only does CTE Con- ences through career awareness, career ex- community. Penta dents with industry credentials are avail- nects raise awareness of the value of Career ploration, career preparation, and career Career Center was able for immediate employment. Th rough Technical Education (CTE) in our region, it training activities. We invite business and the fi rst multi-county our job placement experiences, students are also serves as a resource to help business industry from around our region to work career center in the receiving the training they need to be high- and industry grow its talent pool of skilled with us to further develop opportunities country. Since 1965, ly employable. workers. for our students. Businesses can become in- we have provided volved in several ways such as CTE advisory Edward Ewers, students the oppor- Penta’s Adult-Post Secondary is a recog- For more information and to learn how you committees, job placement experiences, in- Superintendent tunity to complete nized Ohio Technical Center (OTC), gov- can be involved and support this eff ort, ternships, and by visiting and working di- of Penta Career their career-techni- erned by the same Ohio Department of please visit www.CTEconnects.org. rectly with students on our campus. Center cal training with skill Higher Education agency that oversees all sets that make them other higher education institutions in the Starting in October 2021, we will expand Ultimately, the more options there are for immediately employable, as well as being state. Our OTC provides opportunities for our Work-Based Learning (WBL) initia- our students to work closely with employable to continue for post-secondary educa- adults that want to learn a new skill or ob- tive. Our goal is to focus on equipping our ers, the better our economy will benefi t in tion. We are proud to have provided train- tain an industry-recognized credential to students with the necessary foundation- the future. Penta Career Center and CTE is ing for more than 40,000 high school and become employable. We also work with area al skills for workplace entry. Students will part of the solution to eliminating the skills adult students for 56 years. employers to provide customized training participate in personalized WBL experi- gap in our region as well as in our country. options for their current workforce. Penta also off ers students the opportunity For additional information or to connect with Penta Career to earn industry credentials and partici- In recent years, Penta has partnered with pate in early job placement experiences. other school districts in Northwest Ohio Center, please visit pentacareercenter.org or call 419-666-1120.

Projects by Cluster JOBSOHIO INVESTMENT - 2ND QUARTER 2021

Project Cluster

Q Advanced 1 Manufacturing Q Automotive Jobs 1 Q Other Created Q Shale Energy 2,502 and Petrochemicals

Total Projects Q Information 2 Services and 2 6 Software 12 6 Jobs 717 Retained 2 Capital Investment Record Count $433,446,394

TOTAL AVAILABLE WORKFORCE UNEMPLOYMENT RATE AVERAGE 2NDQUARTER: NORTHWEST OHIO AVERAGE 2ND QUARTER: 675,000 15% NORTHWEST OHIO

650,000 12%

625,000 9%

600,000 6% 575,000

3% 550,000

0% 525,000 (p) 11 12 13 14 15 16 17 18 19 20 21 (p) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 AVG 11 AVG 12 AVG 13 AVG 14 AVG 15 AVG 16 AVG 17 AVG 18 AVG 19 AVG 20 AVG 21 AVG AVG AVG AVG AVG AVG AVG AVG AVG AVG AVG Source: OhioLMI Source: OhioLMI

For more info about Workforce Update, contact [email protected]. To see previous editions, please visit toledobiz.com/dashboard.html. 16 · TOLEDO BUSINESS JOURNAL · SEPTEMBER 2021 MEETINGS, EVENTS & CONFERENCES

Some of the Scheduled 2021 Solheim Cup Golf Events TUES WEDS THURS FRI SAT SUN MON AUG 31 SEPT 1 SEPT 2 SEPT 3 SEPT 4 SEPT 5 SEPT 6 Gates Open: 9:00 AM Gates Open: 7:00 AM Gates Open: 7:00 AM Gates Open: 7:00 AM Gates Open: 6:00 AM Gates Open: 6:00 AM Gates Open: 9:00 AM Military Healthcare Hero Team USA & Team USA & Morning - Four (4) Morning - Four (4) Morning - Twelve Appreciation Day Appreciation Day Team Europe Team Europe Foursome Matches Foursome Matches (12) Singles Matches Presented by JobsOhio Team USA & Practice Session Practice Session Afternoon - Four (4) Afternoon - Four (4) Closing Ceremony 8:00 AM - 10:00 AM (both tees) 8:00 AM - 10:00 AM (both tees) Team USA & Team Europe Fourball Matches Fourball Matches Inverness Club, Team Europe Practice Session BMW Opening Ceremony 1st & 10th Tee Practice Session 8:00 AM - 10:00 AM (both tees) Celebrity Match Promenade Park, 2:00 PM 5:00 PM - 6:00 PM Solheim Cup to have $30M+ economic impact on area World’s largest women’s professional sporting event to be held at Inverness Country Club

The Solheim Cup, a biennial golf tour- Moines, Iowa was around $32 million. nament for professional women golfers in “We’re hoping to surpass that number the Ladies Professional Golf Association when we look at bringing in 150,000 fans (LPGA) and contested by teams represent- from around the world,” said Newell. “In ing Europe and the United States, is being 2017, we were streamed in 140 countries held at Inverness Country Club in the fall of around the world with 530 million house- 2021. According to Becky Newell, champi- holds. Everyone knows Inverness Club, it’s onship director for the 2021 Solheim Cup, the weekend of Labor Day, and what better the tournament has over 100 corporate part- way to celebrate than the red, white, and blue ners and will feature a range of “ﬁ rsts” for and what Solheim Cup will bring to our com- the tournament. munity. We have 112 committed corporate When speaking to why Toledo was cho- partners and we’ll be on the GOLF Channel sen as the site for the Solheim Cup during all three days and network TV as well. So 30 the 2021 NORED Annual Meeting in March, Inverness County Club located in Toledo hours of live television, and we will stream Newell said, “Number one, Marathon Petro- in 200 countries around the world.” leum, who already is a title sponsor of the Secondly was the corporate support, much thirdly was the fan experience.” Newell noted that she knew Toledo was LPGA event here of 37 years, stepped up to like North Star Bluescope, has stepped up to According to Newell, the economic im- the place for the event in 2021 due to the be a global partner alongside Rolex and Ping. support this event and make it happen. And pact in 2017 for the Solheim Cup in Des (…continued on page 17) Area Meeting & Event Space Listed by Seated Dining Capacity

Max. Seated Total Outside Off # Private Parking Dining Square Caterers Premises Meeting Additional Features Capacity* Capacity Footage Permitted Catering Rooms SeaGate Convention Centre** 350 On Premise / 3 Exhibit Halls, 25 Meeting Rooms; Formal Space for 200; Indoor Parking; Renovated Concourse & Attached Hotel; 3,000 93,000 NN25 Toledo† 9,000 Renovated Restrooms; Available for Banquets; Meetings; Weddings; Conferences; Conventions; Trade Shows & Sporting Events Fifth Third Field / Hensville Versatile Banquet / Event Spaces; Unique Atmosphere & Views; Historic Warehouse District; 45+ Rooms; 1,500 22,500 300+ N N 7 Toledo† 2 Rooftop Decks Overlooking 5/3 Field, River & DT; Adjacent to Hensville; AV; Free Wi-Fi Renaissance Toledo Downtown Hotel Valet, 25,000+ sq ft of Flexible Indoor/Outdoor Space; 241 Modern Guest Rooms w/ City & River Views; 6 Suites & 1 Pres Suite; 1,500 25,063 NN12 Toledo Garages Mobile Check-In; Divisible 10,900 sq ft Ballroom; Wi-Fi; Business Center; Rooftop Bar; On-site Restaurant. Toledo Zoo “Wild” Meeting Spaces; Customizable Accommodations; Teleconferencing; Wi-Fi; AV Services; Gathering Space w/ Unique Features 1,200 16,000 1,700 N N 9 Toledo (Wall-Length Aquarium; Africa themes, etc); Group Rates for Zoo Admission; Amphitheater; Award-Winning Catering The Premier 920 14,841 400+ N Y 3 Customized Menus from Black Tie to BBQ; State-of-the-Art AV; Free Wi-Fi; Smaller Room Available for Corporate Meetings; Showers Toledo† Hilton Garden Inn High Speed Internet; Complimentary Parking; 24 hr Full Service Business Center; Indoor Pool; Fitness Center; 800 20,000 1,000 N N 11 Toledo / Perrysburg Onsite AV Provided; Newly Renovated Sleeping Rooms; Located in Levis Commons Huntington Center Professional Event Planning; Private Dressing Rooms; Club Level Lounge; Locker Rooms; Arena; Custom Menu; 800 33,000 Ample Y N 6 Toledo† In-House Sound System; Ribbon Message / Video Board Sauder Heritage Inn & Conference Center at Sauder Village Newly Renovated; Hotel 98 Guestrooms; Business Center; Indoor Pool; Hot Tub; Founder’s Hall; Historic Sauder Village; 750 10,000 1,000 N N 5 Archbold Retail Shops; Barn Restaurant; Doughbox Bakery; Campground; Exercise Facility Parkway Place Full Service Catering & Event Center; Accommodates 100-700 Guests; Custom Menus; 700 20,000 400+ N Y 2 Maumee On-Site Event Coordinator; Complimentary Parking The Pinnacle High Ceilings; Marble Dance Floor; Outdoor Patio w/ Fire Pit; Fiber-Optic Lighting & Water Feature; 700 10,000 300 N Y 3 Maumee† Full AV Capabilities; Flexible Floor Plans Radisson Hotel at The University of Toledo 700 14,000+ 500+ N N 12 Complimentary Parking; Professional AV Services; Wedding Coordinator on Staff ; Free Wi-Fi Toledo† Stranahan Theater & Great Hall Newly Renovated Boardrooms (2) & Upper Lobby Space; 300-400 Sq Ft Pre-function Space; 700 12,000 2,000 Y N 12 Toledo† 5,000 Sq Ft lobby Space for Event Set-up Downtown Toledo Train Station 650 6,000 107 + Street Y N 0 High Ceilings; Unique Venue Overlooking Toledo’s Railways; Downtown Toledo Toledo

…continued on page 17 MEETINGS, EVENTS & CONFERENCE SEPTEMBER 2021 · TOLEDO BUSINESS JOURNAL · 17

Area Meeting & Event Space …continued from page 16 Max. Seated Total Outside Off # Private Parking Dining Square Caterers Premises Meeting Additional Features Capacity* Capacity Footage Permitted Catering Rooms Maumee Bay Lodge On Lake Erie, Restaurant; Lounge; Guest Rooms & Cottages; Recreation; Marina; Lakeview Meeting Space; Golf; 400 7,500 600+ N N 8 Oregon Fishing Charters; Outdoor Catering; On-site AV; Pet-friendly; Wedding Sales Manager The Findlay Inn & Conference Center 350 6,600 150 N Y 9 In-House Restaurant / Lounge; Wi-Fi; 80 Guest Rooms; Located in the Heart of Downtown Findlay Findlay Valentine Theatre Y ( 284 6,360 600 N 5 900 Seat Theatre; 3 Adjacent Rental Spaces for Weddings, Meetings, & Events Toledo 7 Approved) Imagination Station 275 i.n.a. Ample Y N 3 Outdoor Patio Along Riverfront; Full-Service Catering; Bar Service; “Unique” Team Building Activities Toledo Marathon Center for the Performing Arts Newly Restored 960 Seat Theater; Event Hall; Impressive Atrium/Bar Area; Conference Room; 215 56,000 300+ Y N 5 Findlay Wi-Fi; Dressing Rooms; AV Equipment Avail. Art Gallery Wingate by Wyndham Meeting Rooms w/Exterior-Facing Windows; Views of 10-Mile Creek; Event Planning Staff ; 2 Board Rooms Seat 10 Ea; 2 Meeting Rooms 40 1,200 83 Y N 4 Sylvania Seat 40; Free HSIA, Wi-Fi, Parking & Table Linens; Built in Projection Dry Erase Boards; AV Rental; Business Center; Printing Service Published 09-21; List includes only Meeting & Event Space facilities that responded by deadline; i.n.a. = information not available; AV= Audio-Visual Equipment; *Parking for some facilities may be in nearby lots and garages or on street; ** The SeaGate Convention Centre will change its name to the Glass City Convention & Event Center sometime in the near future; † Information from previous business list

capacity of 50 people, plus stadium seating for 2,000 people around that green. Newell Solheim Cup noted that there will be great views from the …Continued from page 16 Meijer Pavilion as well. Newell noted that there are still ways to commitment of the community. get involved in the Solheim Cup, either as an “Typically in the past, all of the activi- ambassador, with corporate and entertain- ties that happened around the Solheim Cup ment packages, or as a volunteer. – not just golf, but all of the evening activ- “We’re going to need over 2,000 volun- ities – were always at the golf course. We teers and we’ve already hit almost every state never really reached outside of the grounds in the United States to pull volunteers. Going of where a Solheim Cup was being held,” back to the economic impact and what this said Newell. event, among other activities. Newell also the elements. Players will tee off in the same means to our community, we’re really focus- The event will feature different activities, noted that during the tournament, the event area, which is meant to create more excite- ing on our restaurants that have been hit dur- such as a Military Day, Solheim After Sun- will take the intensity of the competition ment for both the players and fans. Double- ing the pandemic, but what a better way to down, a sponsor celebration, and a celebrity and Inverness Country Club and combine decker suites will be available that have a celebrate,” said Newell. 18 · Toledo Business Journal · September 2021 Healthcare & Insurance Toledo start-up developing new medical technology Advanced Vascular received Ohio Third Frontier Commission funding for new development

Advanced Vascular LLC, a start-up com- combined with a lack of sensation to be able pany through The University of Toledo (UTo- to feel tissue loss is a dangerous combination. ledo) Launchpad Incubator and Accelerator, Ultimately, the wounds that are not able to was awarded $150,000 for the development heal are treated by amputation, occasionally, and commercialization of a biocompatible some progress to systemic infection threat- silicone dressing to allow oxygen delivery ening the patient’s life.” in the treatment of chronic wounds, particu- According to Das, these wounds cost the larly in diabetic patients. healthcare system nearly $15 billion annual- According to Chandan Das, chief medical ly by conservative estimates. offi cer of Advanced Vascular and surgeon for Das also noted that oxygen has a very low ProMedica, the company has been actively diffusivity in water, on the order of 1/10,000 developing this technology for the past three of the diffusivity through air. In biological years. The Ohio Third Frontier Commission systems coated in fl uid, the partial pressure has provided funding to help it get through Advanced Vascular, through the University of Toledo’s Launchpad Incubator, of water drops off to nearly zero less than the FDA regulatory process and conduct an is developing a biocompatible silicone dressing to allow oxygen delivery 100 micrometers (μm) away from the vessel institutional review board-sponsored product in the treatment of chronic wounds wall. This creates a diffusion barrier, which safety study at ProMedica and the University is especially important in diabetic wounds of Toledo Medical Center (UTMC). Diabetic foot ulcers (DFUs) progress quickly and sometimes life-threatening complica- which become non-healing due to lack of ox- “By National Center for Biotechnology In- to problem wounds because of the microvas- tions from these chronic wounds arise when ygen delivery to the tissue. formation (NCBI) estimates, 1-2% of the to- cular changes that are associated with diabe- they become infected,” explained Das. “Lack “We have developed a technology that tal population of developed nations will ex- tes. They are notoriously hard to treat due to of blood fl ow causing the body to be unable utilizes a silicone dressing that has been perience a chronic wound in their lifetime. their compromised oxygen source. The limb to fi ght common bacteria in the wound bed, (…continued on page 26)

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There are over 183 million Americans that According to AHIP’s new data resource, • Percent of premiums paid by – 76% – feel their coverage would protect have health insurance coverage by their em- of the 11.7 million people in the state of Ohio, employers them from the majority of their medical costs ployers. The Association of Healthcare Insur- close to 6 million have employer provided • How many people are employed directly in an emergency ance Providers (AHIP) has launched a new health insurance coverage, or 53%. For work- or indirectly by health insurance providers • Of those who received a COVID-19 test, data resource, Employee Health Benefi ts by ers at companies throughout the state, 86% • How many physicians and community 62% said their plan was helpful in obtaining the Numbers, that provides information on have health insurance that their employers hospitals are supported by employer insur- and covering a test the impact and support that this coverage provide. The average amount spent by Ohio ance payments • Most people intended to take a COVID- gives to workers across the country. companies for a single coverage policy is • Percentage of employees with access 19 vaccine, and 74% said that it’s impor- “From comprehensive coverage and in- $5,705. And these companies pay an average to related benefi ts, such as dental, vision, tant for their plan to cover the cost of their come protection, to dental and vision bene- of 80% of the premium cost for these health wellness programs, or employee assistance vaccines fi ts, Americans have real choices and control insurance policies. programs • A majority – 56% – said telehealth and in the protection they receive through work,” Employee Health Benefi ts by the Num- Coverage during the mental health services are more valuable than said Jeanette Thornton, senior vice president bers offers a state-by-state look at informa- COVID-19 crises they were a year ago of product, employer, and commercial policy tion such as: While employees’ value of their employ- “These benefi ts help make America com- at AHIP. “This new data resource is an essen- • How many people are covered by an er-provided coverage has been consistently petitive in the global economy, and the health tial resource for policymakers and other lead- employer, compared to coverage from other high, employees valued their coverage even and security of hundreds of millions of peo- ers who are working toward new solutions to sources such as Medicare, Medicaid, and the more through the COVID-19 crisis. A survey ple depend on the success of employer-pro- improve our healthcare system without sac- individual market of employees conducted earlier this year for vided coverage,” Thornton observed. “We rifi cing the value that hundreds of millions • Share of employees who are offered an AHIP by Locust Street Group found: hope State and federal policymakers will of people rely on today.” array of coverage choices through a job • More than three-quarters of employees have their back.” Rejuvenate Kidney Transplant Solutions rebrands

Rejuvenate Kidney Transplant Solutions cost drivers in healthcare today: • Yet, 60% of those who are on a list to be improves employee lives and saves employer recently underwent a strategic rebranding. • Approximately one in seven Americans transplanted die while waiting dollars by identifying kidney failure patients Formerly known as Rejuvenate Healthcare, is suffering from kidney disease • Self-insured employers are responsible early and transplanting more of them soon- the organization’s new identity results from • The percentage of patients living with for the fi rst 33 months of dialysis and med- er than the status quo, noted offi cials. The its efforts to focus solely on the needs of self- end stage renal disease (ESRD, also known ical costs which routinely exceed $500,000 cost of kidney transplantation and associated insured employers who are experiencing sky- as kidney failure) has tripled in the last 20 per patient during this time medical care is roughly one-fi fth that of dial- rocketing claims from the growing propor- years Rejuvenate Kidney Transplant Solutions ysis, and transplanted patients live fi ve to 10 tion of workers with kidney disease. • Patients with ESRD must either undergo helps employers gain control over health- years longer than those on dialysis. According to the organization, kidney dis- dialysis several times each week or receive a care expenses related to kidney failure. Us- “Our proprietary care navigation program ease is one of the largest and fastest growing kidney transplant to survive ing data-driven processes, the organization (…continued on page 26)

Planning for the future involves making important decisions that can benefit your health and well-being, provide for your family, and might include leaving a legacy gift. This year, consider making a legacy gift and join us as we celebrate National Child’s Health Day with our first ever Russell J. Ebeid Children’s Hospital Day of Giving.

When we give together, we grow together.

#GiveAndGrow CARE THAT EXTENDS BEYOND YOUR LIFETIME.

419-297-0150 | promedica.org

Mark Truman has been appointed facilities management, and addition- clinical education, and staff physi- and commitment to exceptional pa- as chief executive offi cer of Encom- al hospital departments. In this role, cal therapist. tient care and will continue to elevate pass Health Rehabilitation Hospital according to offi cials, he led sever- “Mark brings more than 25 years the high quality rehabilitative care of Toledo. In his position as CEO, al multimillion dollar construction of community-based healthcare lead- our hospital provides to patients in Truman will oversee all of the day- projects for the hospital, negotiat- ership experience to Encompass our community.” to-day operations as well as patient ed purchases of strategic real estate, Health of Toledo, and I am confi dent Truman is a board certifi ed healthcare and quality at the 40-bed inpa- Mark Truman and led the planning and implemen- he will make incredible contributions care executive and fellow of the tient rehabilitation hospital, locat- tation of multiple hospital programs to our hospital leadership team,” said American College of Healthcare Ex- ed at 4647 Monroe Street near Se- Health Floyd Hospital, where he pro- to maximize effi ciencies and better Jennifer Brewer, regional vice pres- ecutives and a licensed physical ther- cor Road. He assumed the position vided strategic direction, oversight, meet patients’ needs. He previously ident of Encompass Health’s central apist. Truman earned a Bachelor’s on June 22. coordination, and accountability for served in multiple leadership roles at region. “He is skillful in understand- degree in physical therapy from the Before coming to Encompass rehabilitation services, laboratory Floyd Memorial Hospital and Health ing culture and evaluating organiza- University of Louisville and a Mas- Health, Truman worked as the vice services, pharmacy, diagnostic im- Services, including director of reha- tional structure to attain strategic op- ter’s degree in health services man- president of operations at Baptist aging, food and nutrition services, bilitation services, coordinator of erating goals. He shares our values agement from Webster University. Mercy College of Ohio awarded $2.1M grant

Mercy College of Ohio was awarded a cultural competence training for Mercy Col- Jodi Pahl, group chief nursing executive, obtain more information about this grant or $2,146,905 Nursing Workforce Diversity lege faculty and staff, and increased support Bon Secours Mercy Health said, “Nurses re- to be notifi ed when the application opens, not- (NWD) grant from the Health Resources and services. Increased services include but are not ally are needed more than ever and as a mined offi cials. Services Administration (HRSA) to increase limited to a comprehensive and robust program istry, we are focused on and committed to hir- Mercy College of Ohio is a Catholic institu- nursing education opportunities for individuals of mentoring, tutoring, increased NCLEX-RN ing and developing a workforce that refl ects the tion sponsored by Mercy Health. It focuses on from disadvantaged backgrounds. The grant preparation, and engagement activities. communities in which we live and work. Mer- healthcare and health science programs in both will support students in Mercy College’s Asso- Susan Wajert, PhD, president of Mercy Col- cy College’s NWD grant will assist us in our on-campus and online formats. Mercy College ciate and Bachelor’s degree nursing programs lege said, “We believe this will support our goals of attracting, retaining, and developing offers degrees at the Graduate, Bachelor’s, and from July of this year through June 2025. efforts to recruit and retain underrepresented nurses from every walk of life to provide ex- Associate level, and certifi cate programs. Individuals from disadvantaged back- individuals in our nursing programs and in- cellent healthcare.” This project is supported by the Health Re- grounds include racial and ethnic minorities crease the number of nurses from underrep- Incoming and continuing Mercy College sources and Services Administration (HRSA) that are underrepresented among registered resented populations providing care. These nursing students (Associate and Bachelor’s of the US Department of Health and Human nurses and those from rural residential areas support services can be the difference in stu- degree-seeking) who are interested in par- Services (HHS) as part of an award totaling and/or low-socioeconomic areas, noted offi - dents completing their courses, obtaining li- ticipating in Mercy College’s Nursing Work- $544,661 in the fi scal year 2022, with zero cials. The grant will be used to provide schol- censure, and successfully launching their ca- force Diversity program should contact their percentage fi nanced with non-governmen- arships and stipends for program participants, reers as nurses.” admissions offi cer or academic advisor to tal sources. HEALTHCARE & INSURANCE SEPTEMBER 2021 · TOLEDO BUSINESS JOURNAL · 21 ValCor developing cardiac two-in-one guide catheter

The Ohio Third Frontier Commission intellectual property for a proprietary tech- next two years. and turned them into one.” awarded ValCor LLC, located in Toledo, nology using a handle mechanism to control “The really unique feature is the handle, The company is still in the process of rais- $150,000 for the development and commer- a catheter. Through Promedica Innovations, because right now in interventional cardiolo- ing funds for the development and commercialization of a cardiac two-in-one guide cath- we created this company,” explained Ramana- gy, it requires a lot of handles that control the cialization. In total, ValCor needs to raise eter that reduces surgical procedural steps and than. “We have an excellent team working catheter. Within the catheter, we have a unique about $2.5 million. Part of that is to receive the number of devices used, resulting in reduc- with us, including Gene Jung and Diane Chel- design that allows a physician to go into the FDA approval, which requires approximate- tion of surgical time and patient costs. sea, and we are very excited that we got this body for a certain shaped catheter, but then ly $750,000. The Ohio Third Frontier Technology Val- “Federal grant money is essential for us to idation and Start-up Fund provides grants to acquire further fundraising and get to where Ohio companies aiming to license institution- we need to be. It’s kind of a challenging time owned technologies to accelerate commer- in the catheter medical innovation space be- cialization through activities such as market cause there isn’t as much funding from venture research and further prototyping. This helps capital, so we’re really excited by the Third companies either raise funds or get the li- Frontier grant which will help, but again, we censed technology to the marketplace faster, need additional funding on top of that,” ex- noted offi cials. plained Ramanathan. “Everyone we talk to According to P. Kasi Ramanathan, MD, says this is a good idea, both in terms of in- FACC, ProMedica Physicians Cardiology, co- vestors and physicians. Not only do they say founder of ValCor, there are a range of newer it’s a great idea, but when they see a prototype procedures in interventional cardiology and – and we’ve created a number of prototypes most of the catheters physicians are using for – they say they would love to use this, but the these procedures were developed 30 years problems come because we’re kind of in that ago. He noted that the accessory equipment middle space with funding.” to make it safer and easier hasn’t developed as According to Ramanathan, the team at Val- rapidly, so the ValCor team developed a num- Cor sees this as a platform technology and ber of catheters to help with valve procedures, could lead to different types of products. as well other procedures to make it safer for grant from the State of Ohio that will basical- they need to extend or retract another catheter “We’re really excited to partner with Pro- the patient and easier for the physician. ly allow us to further develop the technology that gives one a more favorable position with- Medica Innovations and to spin this out. It’s a “Through ProMedica Innovations, there that we hope can be used for patients.” in the body for the procedure,” explained Ra- unique but very benefi cial technology. We’ve was an opportunity for a number of people – According to Ramanathan, the new tech- manathan. “For the patient, it makes the proce- received a lot of positive feedback and hope- physicians, providers, etc. – to share ideas and nology has been in development over the last dure faster and safer because there’s less risk. fully we can get the funding to take this to I had a number of ideas for different kinds of four or fi ve years. It was licensed this past Sep- As for the physician, it cuts down the number the fi nish line. Ultimately, we would like to catheters for interventional cardiology. Work- tember but was delayed due to the COVID- of steps that he or she has – that in turn makes have a company based here in Toledo that can ing with ProMedica Innovations, we were 19 pandemic. Ramanathan is hopeful that the it faster and safer. It basically has combined then spin off these technologies,” concluded able to develop these prototypes and secure new catheter can be commercialized in the three or four steps and three or four catheters Ramanathan.

Contact Us to Find Out How You Can Increase Your Company’s Visibility in the WOMEN OWNED / LED BUSINESS DIRECTORY Coming Next Month in For Advertising Info: 419.865.0972 Space Reservation: 09.20.21 22 · TOLEDO BUSINESS JOURNAL · SEPTEMBER 2021 DEVELOPMENT NEWS $14M Crescent at Oakleaf Village completed

The Crescent at Oakleaf Village is a $14 The Crescent addresses this issue by allow- million, luxury, independent senior living ing seniors to maintain their independence community that was recently completed at while offering personal care assistance if 4230 North Holland-Sylvania Road in Syl- or when desired. If a resident decides addi- vania. It is located on the campus of Wallick tional care is needed, two of Wallick’s as- Communities’ Oakleaf Village. sisted living and memory care communi- The Crescent has 54 units in two build- ties are on the same campus,” Michael Di- ings, comprised of 26 one-bedroom and 28 Carlantonio, development manager, Wallick two-bedroom homes for up to 108 residents. Communities, previously told Toledo Busi- According to Wallick Communities, the ness Journal. apartment homes have modern fl oor plans This new community was designed from and include full kitchens with granite coun- the ground up with residents’ needs at the tertops and high-end appliances; stacked forefront, noted offi cials. A full range of washers and dryers; walk-in showers; walk- amenities will be available throughout the property, including a GC Hawk brand golf simulator, a theater for watching movies, ex- Surveying & Construction ercise facilities, an arts and crafts studio, a Positioning Solutions full-service beauty salon and barber shop, 5HJLRQDO2ႈFH The Crescent at Oakleaf Village in Sylvania and one covered parking spot per unit. %ULDU¿HOG%OYG_0DXPHH2+ The Crescent at Oakleaf Village was de- _3/,#ODVHULQVWFRP in closets with California Closet systems and fi rsthand the struggles seniors endure while signed by RLPS Architects, in Lancaster, a private balcony. transitioning from an independent living sit- Pennsylvania. According to Wallick Com- “Wallick has provided care and housing uation to an assisted living facility. Most of- munities, the fi rm is recognized as one the to Sylvania-area seniors for over 30 years. ten, this change causes an unnecessary strain nation’s top senior living design fi rms. RLPS Within that time, the company has observed on a senior’s health and overall well-being. (…continued on page 27) The Douglas Company promotes two

Precision Laser partners to vice president & Instrument , Inc. ZZZODVHULQVWFRP The Douglas Company promoted two Douglas has been promoted to vice presi- of its partners to vice presidents. Bruce dent of preconstruction, and Pete Zimmer- man has been promoted to vice president of estimating. Both will be serving as members of The Douglas Company’s executive com- mittee, establishing company policies, and participating in developing company strat- egies and objectives. Douglas began his career with The Doug- las Company in 2011 as a project coordinator. According to the company, he will now use his knowledge of construction operations and his credentials as vice president of preconstruction services. He has led teams Bruce Douglas to put in place over $100 million in various types of construction and earned promotions suppliers, noted the company. One Call Solves it All up to the role of senior project manager. As vice president of estimating, Zim- As vice president of preconstruction merman will work closely with clients, ar- services, Douglas leads the estimating and chitects, and subcontractors during the es- business development teams, initiating cli- timating stage, overseeing all budget and ent engagement early in the project develop- fi nal estimates, controlling cost, and main- ment process and setting projects on a path taining relationships to ensure accurate and for success by providing expertise on cost, competitive pricing. His understanding and schedule, logistics, constructability, and oth- skill in the construction and estimating pro- er key factors, according to the company. cess provides him with the knowledge to Fire Extinguisher Kitchen Hood Fire Sprinklers “These promotions refl ect the incredi- provide competitive pricing in a range of Suppression ble leadership and hard work exhibited by construction projects and the ability to of- Bruce and Pete. Both have been instrumen- fer reliable valve engineering options, not- tal in the company’s growth through their ed the company. focus and commitment. The two epitomize what it means to build and grow your career at a company and have become incred- ExitEExit LLightsigghhtts ible role models to teams across our company. I look forward to reaching new levels of success and growth with their in- %DFNÁRZ Emergency & Alarm & Detection creased involvement in the organization.” Exit Lights said Peter Douglas, president of The Doug- las Company. Zimmerman began his career with The sacomunale.com Douglas Company in 2003 and has dem- 419-334-3841 onstrated a full understanding of construc- 1524 Old Oak Harbor Rd. tion, cost control, the bid process, project Fremont, Ohio 43420 documentation, project management, and time management with subcontractors and Pete Zimmerman SEPTEMBER 2021 · TOLEDO BUSINESS JOURNAL · 23 Randall Bearings …Continued from page 1 water, sewer, and storm detention. The infra- company. “We guide our customers in the structure is complete and the Randall Bear- most cost-effective material and geometry ings building is under construction and ex- for their manufacturing needs.” pected to be operational by September. According to the company, it had two “Building our new facility provides our goals when launching this project, including customers value on strategic partnerships to continue to ensure its customers’ expec- while echoing on our core mission. Our mis- tations will be exceeded, and to do it in a fi -

Interior construction on Randall Bearings’ new facility sion is to offer the world’s highest quality ma- nancially responsible manner. chined products, utilizing the latest technol- “The AEDG and Port Authority have been ogy, utilizing advanced materials, and our involved during the development process and proprietary and innovative approaches,” said we appreciate all of the support they have the team at Randall Bearings. “Continued provided. We are the fi rst building project growth of our customer portfolio in multi- on that road and in the new business park – ple industry segments, improving effi ciencies we are the anchor into the park,” concluded through workfl ow, and ultimately providing Randall Bearings. the most cost-effective machined solutions for our current and emerging markets.” According to Randall Bearings, the company will be enhancing its state-of-the-art equipment with new supplementary equip- Introducing the ment to maximize its effi ciencies. “The new facility will allow increased col- laboration amongst team members through Kuhlman Direct Online Store! an open fl oor plan with breakout rooms for focused meetings. It will also provide us with www.shop.kuhlman-corp.com optimal logistical capabilities and allow us to showcase our value to the market,” said the • Over 2,600 products in six categories • Pickup at Kuhlman stores in Toledo Randall Bearings team. • In-depth product information and Akron, or delivery by UPS, Randall Bearings is a machined parts Kuhlman Truck or LTL Freight manufacturer with fabrication and tool room • Personalized lists of favorites and capabilities, working on everything from projects, plus saved shopping carts • Payment by credit card or on high-volume production runs to sample run Kuhlman Account offs and prototyping. “We are committed to an ongoing investment in production equipment, manufacturing facilities, test equipment, and logistical management. We continue to be an innovator in the industry,” said Randall Bearings. The company serves the agriculture, distribution, fl uid power, heavy equipment, oil and gas, transportation, and other emerging markets. According to Randall Bearings, it services its customers globally and provides resources to help lead their markets. The company currently has approximately 100 employees, and is currently hiring for new positions to meet the forecasted demand of its customer base. The Randall Bearings team noted that it is always looking for individuals to help service customers, deliver on its mission state- ment, and enhance the trajectory of the company in both manufacturing and corporate support. “We offer a wide variety of customized approaches to service customers and bring value and expertise in our markets,” said the 24 · Toledo Business Journal · September 2021

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1/2 ACRE LOT – PERRYSBURG TOWNSHIP. 3468 DORR ST RIGHT @ BYRNE RD. – 4 lots DPC – BT –DEER PARK COURT. 180 ft of frontage on Oregon Road just north of Roughly 80x250 HIGH visibility & traffi c counts 4 Offi ce lots available. Next to Arrowhead, along St Rt 795, only $49,900. just off U of Toledo campus! Now $220,000! Swan Creek. Can be combined, split. Contact: Dan DiSalle, Jr., 419-874-2231 or Contact: Dan DiSalle 419-261-4010 Contact: Bill Thees, 419-893-4415. Joe DiSalle, 419-460-5253. or [email protected]. Visit www.DiSalleRealEstate.com for more information on these properties! PROFESSIONAL HOMES SEPTEMBER 2021 · TOLEDO BUSINESS JOURNAL · 25 National Association of REALTORS views drones and cybersecurity as most impactful technologies The National Association of REAL- offi cials, 37% of respondents agreed that if their brokerages do not. According to of- are using social media now more than ever TORS® (NAR) views drones and cyber- their brokerage provides them with all the fi cials, 36% of REALTORS® spend on aver- in their businesses. The top social network security as the most impactful emerging technology tools they need to be successful, age between $50-$250 per month on technol- is Facebook, used by 90% of REALTORS® technologies to their business, according to and 27% strongly agreed. The top tools pro- ogy to use in their business, and 18% spend followed by Instagram (52%), LinkedIn a new report from the association. NAR’s vided by brokerages were eSignature (57%), between $251-$500. Nearly one out of four (48%), YouTube (24%), and Twitter (19%). 2021 Technology Survey examined NAR personal websites (54%), customer relation- REALTORS® – 23% – spend more than Video has also played an ever-increasing role members’ current tech usage and attitudes ship management (CRM) (54%), and trans- $500 monthly on technology. in the marketing of properties on social me- about the future of real estate technology. dia. According to offi cials, 37% use video in In addition to drones (37%) and cybersecu- their marketing and 35% do not use video but rity (34%), REALTORS® believe that 5G hope to in the near future. (31%),and virtual reality (30%) will also have “There is no denying that social media a signifi cant impact on their business in the has become an integral tool to promote a next 24 months. listing,” Goldberg said. “The pandemic has “The pandemic has confi rmed to all of us caused more of our members to use social in the industry that technology will contin- media and video to creatively market them- ue to transform real estate,” said NAR CEO selves and their properties.” Bob Goldberg. “The great work being done The top reasons REALTORS® cited for by NAR, including our Strategic Business, using social media in their business includ- Innovation and Technology group, has en- ed that they are expected to have a pres- sured that REALTORS® will continue to ence on social media (54%), it helps build have access to the latest technology and re- and maintain relations with existing clients main at the forefront of the innovations driv- (49%), and they use it to promote listings ing the market forward.” (49%). Additionally, 36% of REALTORS® The survey also examined the current Photo of a home taken with a drone use social media to fi nd new prospects and use of technology by REALTORS® fi nd- 33% say it helps them network with other ing that the most valuable tools used in the action management (50%). Roughly one out When asked about desired technology real estate pros. Social media also topped past 12 months were eSignature (78%), lo- of three REALTORS® – 36% – said that tools that are not currently provided by their the list when it comes to lead generation. cal MLS apps / technology (54%), social me- their broker does not charge any technology broker, cybersecurity topped the list at 19%, The top three tech tools that have given re- dia (53%), lockboxes (48%), and video con- fees, and 50% said that the price their bro- followed by lead generation (16%), eNota- spondents or their agents the highest number ferencing (39%). ker charged was reasonable. ry (11%), CRM (10%), and personal web- of quality leads in the last 12 months were Many brokerages are providing these NAR’s report found that REALTORS® sites (10%). social media (52%), CRM (31%) and their technologies to their agents. According to are willing to pay for this technology, even According to the survey, REALTORS® MLS site (28%). Serving Our Community and the Real Estate Industry LOCAL INVENTORY INCREASES AS SALES REMAIN STEADY The White House recently an- and the Median Sales Price increased nounced additional measures to help 12.5% to $168,750. Days on Market de- struggling homeowners avoid foreclo- creased 27.3% for Single Family homes sure as they exit forbearance, includ- and Months Supply of Inventory re- ing loan modifi cations and payment mained unchanged percent for Single reductions. Borrowers with federal- Family homes. ly backed mortgages can lock in low- The National Association of REAL- er interest rates and extend the length TORS® reported inventory of homes for of their mortgages. For borrowers sale nationwide rose slightly in June as Message from who can’t resume their monthly mort- more sellers list their homes, hoping Joan Rauh, gage, HUD will off er lenders the ability to take advantage of record-high sales President, to provide all eligible borrowers with a prices across the country. Even with re- Northwest Ohio 25% principal and interest reduction. newed home seller interest, invento- REALTORS® New Listings in Northwest Ohio in- ry overall remains 18.8% lower than a creased 15.6% for Single Family homes year ago, according to NAR.

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