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DB-Half Cover Wrap.Qxp 7/3/2013 5:12 PM Page 1 DB-Half Cover Wrap.qxp 7/3/2013 5:12 PM Page 1 www.crainsdetroit.com Vol. 29, No. 27 JULY 8 – 14, 2013 ©Entire contents copyright 2013 by Crain Communications Page 3 Buying UM football tickets 56 names a dynamic experience Smoother sailing for the Detroit City Cou local boating industry up-and-comers, Health Care Extra here’s big change Detroit City Counc Countdown to Obamacare: T Only four inc The latest on mandates and seeking another te the first City Council elec exchanges, Page 23 trict rule via the city char Political experts say i I CRAIN’S to be a watershed electi retreads from other offi MICHIGAN BUSINESS ISTOCK PHOTO Hey, you … PEPLIN LARRY Vets enlist military training to build businesses, Page 11 This Just In Supplier Prism invests $2M at Michigan, Texas plants down Auto supplier Prism Plas- tics LLC is investing $2 mil- lion in additional capacity at its plants in Michigan and Texas. Prism will add six Toshiba there injection molding presses — with 85 tons and 200 tons of clamping force — at its plants in Chesterfield Town- Drone industry set to soar when FAA ship and Harlingen, Texas, the company said. BY MATTHEW GRYCZAN De Zwaan windmill in Hollan The expansion will allow CRAIN’S DETROIT BUSINESS It’s inevitable that the use the company to boost produc- tography will take off in Mich tion by about 20 percent. ity the poor drone. It suffers from the image ture because it provides cust Prism makes parts used in problem as an ominous bird of prey loom- as little as $100 — a fraction o seatbelts, airbags, fuel parts P ing overhead in spy operations or as a deal- en by businesses that rely on and brake systems. er in deadly force, the subject of congres- and airplanes. The company launched in sional filibusters and news reports about terrorist As they continue to becom 2000, and in 2012 it posted $19 raids. in price, drones are expected million in revenue. It has But in reality, drones are being flown every day anyone who wants an eye in booked $24 million in busi- in Michigan and other states by colleges and uni- want to know where crops ne ness for 2013 and more than versities, public safety agencies and entrepreneurs companies that want to inspe $30 million so far for 2014. for much more benevolent purposes, such as cover- to-reach places and videogra – Plastics News ing the 2013 Chevrolet Detroit Belle Isle Grand Prix, stunning shots of subjects on assessing the recent flooding of the Grand River and creating a spectacular promotional video of the Keeping a ahead of t ATTORNEYS AT LAW A BETTER PAR NEWSPAPER DBHalf Cover Wrap_CD Half cover wrap 6/26/2013 9:57 AM Page 1 $ , YOUR WEALTH IS ABOUT MORE THAN DOLLARS AND CENTS. IT’S ALSO ABOUT CREATING A LEGACY FOR THE NEXT GENERATION. That’s why Fifth Third Private Bank Advisors want to know about more than just your assets. Asking about your family, passions and the legacy you want to build helps us design a personalized plan to accomplish your goals. Put our more than 100 years of curiosity to work for you. And the next generation. Learn more at 53.com/legacy. Deposit and credit products provided by Fifth Third Bank. Member FDIC. Equal Housing Lender. Fifth Third Private Bank is a division of Fifth Third Bank offering banking, investment and insurance products and services. Fifth Third Bancorp provides access to investments and investment services through various subsidiaries, including Fifth Third Securities. Fifth Third Securities is the trade name used by Fifth Third Securities, Inc., member FINRA/SIPC, a registered broker-dealer and registered investment advisor. Registration does not imply a certain level of skill or training. Investments, investment services and insurance: Are Not FDIC Insured - Offer No Bank Guarantee - May Lose Value Are Not Insured By Any Federal Government Agency - Are Not A Deposit Insurance products made available through Fifth Third Insurance Agency, Inc. © Fifth Third Bank 2013. 20130708-NEWS--0001-NAT-CCI-CD_-- 7/3/2013 5:01 PM Page 1 ® www.crainsdetroit.com Vol. 29, No. 27 JULY 8 – 14, 2013 $2 a copy; $59 a year ©Entire contents copyright 2013 by Crain Communications Page 3 Buying UM football tickets 56 names, 9 chairs a dynamic experience Smoother sailing for the Detroit City Council contenders include local boating industry up-and-comers, labor-backed candidates Health Care Extra here’s big change coming to the dates with heavy union support are part Detroit City Council. of the mix. Countdown to Obamacare: T Only four incumbents are Of the 56 candidates, about 30 per- The latest on mandates and seeking another term, and this is cent are considered the most viable; the first City Council election under dis- Crain’s has prepared an election primer exchanges, Page 23 trict rule via the city charter. on the names to know. Political experts say it’s shaping up ■ City council election report CRAIN’S to be a watershed election: New faces, retreads from other offices and candi- begins on Page 34. MICHIGAN BUSINESS ISTOCK PHOTO Chris Bergen of Bergen R/C Beaumont Helicopters pilots a Hexacopter, which can carry a camera and is a favorite of Hey, you … law enforcement. plans $140M LARRY PEPLIN expansion: Vets enlist military training to build businesses, Page 11 ER, retail This Just In BY JAY GREENE CRAIN’S DETROIT BUSINESS Supplier Prism invests $2M Beaumont Hospital is resurrect- at Michigan, Texas plants ing a 5-year-old plan to build a new down emergency department at its Royal Oak main campus that would also Auto supplier Prism Plas- include expanded space for retail tics LLC is investing $2 mil- and surgery. lion in additional capacity at The $140 million, four-story its plants in Michigan and north pavilion project requires Texas. state certificate of need approval Prism will add six Toshiba there by the Michigan Department of Com- injection molding presses — JON BROUWER munity Health. with 85 tons and 200 tons of Beaumont’s board of trustees clamping force — at its has approved the design fees for plants in Chesterfield Town- Drone industry set to soar when FAA gives nod the tower but has not yet approved ship and Harlingen, Texas, construction funding, said Colette the company said. BY MATTHEW GRYCZAN De Zwaan windmill in Holland. Stimmell, Beaumont’s director of The expansion will allow CRAIN’S DETROIT BUSINESS It’s inevitable that the use of drones in aerial pho- corporate communications. the company to boost produc- tography will take off in Michigan in the near fu- The centerpiece of the north tion by about 20 percent. ity the poor drone. It suffers from the image ture because it provides customized aerial shots for pavilion project, which will total Prism makes parts used in problem as an ominous bird of prey loom- as little as $100 — a fraction of the cost of photos tak- 310,000 square feet, will include a seatbelts, airbags, fuel parts ing overhead in spy operations or as a deal- en by businesses that rely on manned helicopters replacement of Beaumont’s 62,875- and brake systems. P er in deadly force, the subject of congres- and airplanes. square-foot emergency center on sional filibusters and news reports about terrorist The company launched in As they continue to become easier to fly and drop the first floor of the new building. raids. 2000, and in 2012 it posted $19 in price, drones are expected to be embraced by The new building will be east of But in reality, drones are being flown every day million in revenue. It has anyone who wants an eye in the sky — farmers who the existing center and connected in Michigan and other states by colleges and uni- booked $24 million in busi- want to know where crops need water or fertilizer, to the south side of the hospital versities, public safety agencies and entrepreneurs ness for 2013 and more than companies that want to inspect equipment in hard- with a patient and visitor walk- for much more benevolent purposes, such as cover- $30 million so far for 2014. to-reach places and videographers who want to get way. ing the 2013 Chevrolet Detroit Belle Isle Grand Prix, – Plastics News stunning shots of subjects on the cheap. The new ER will include new assessing the recent flooding of the Grand River and creating a spectacular promotional video of the See Drones, Page 32 See Beaumont, Page 31 Keeping automotive suppliers ahead of the curve (see our ad on page 2) ‰ ATTORNEYS AT LAW A BETTER PARTNERSHIP WNJ.com NEWSPAPER 20130708-NEWS--0002-NAT-CCI-CD_-- 7/3/2013 5:18 PM Page 1 Page 2 CRAIN’S DETROIT BUSINESS July 8, 2013 MICHIGAN BRIEFS Pension tab for Grand Rapids Canada-based Lundin Mining Corp. plans to buy the nickel and copper system higher than ever Looking ahead: Small, midsize biz owners upbeat in poll mine from London-based Rio Tinto Detroit isn’t the only large PLC for $325 million. Michigan city facing a formidable Small and midsize business owners are more con- Forty-one percent of respondents reported higher Ⅲ The U.S. Securities and Ex- pension obligation. The latest re- fident about Michigan’s economy, according to a sales in the previous six months, an increase of a change Commission has accused for- port in Grand Rapids found that semiannual survey by workers’ compensation car- percentage point from October. mer Dow Chemical Co. executive the pension system there has an rier Accident Fund Insurance Co.
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