Developer Eyes Golden Triangle/NW Ohio Bluffton Planning $14.5M

Private page 9 Schools resource directory EHOVE investing $12M+ in expansion page 13

www.toledobiz.com JANUARY 2019 Vol. 35, No. 01 • $2.25 Developer eyes Golden Triangle/NW Ohio Rossford planned site of 700,281 sf new logistics facility

There is one place in the United States where the longest east/west interstate (I-80/90) HHealthcare,ealthcare, crosses one of the longest north/south interstate highways (I-75). This location in north- WWellnessellness & ern Wood County has been called the Golden Triangle and its location is of strategic impor- EEmployeemployee tance, especially for businesses where logistics play an important role. The signifi cance of this location has attract- BBenefienefi tsts ed a large national real estate and logistic de- ppageage 3 velopment fi rm that is working to purchase property in Rossford, in close proximity to A Duke Realty facility near DFW International Airport in Dallas (…continued on page 30) INSIDE THIS ISSUE: DEVELOPMENT NEWS ...... 2 HEALTHCARE, WELLNESS Bluff ton planning $14.5M science center & EMPLOYEE BENEFITS ...... 3 PRIVATE SCHOOLS DIRECTORY ...... 9 FINANCE & BANKING ...... 16 University’s nutrition and dietetics lab to be sponsored by Sodexo PROFESSIONAL HOMES ...... 22 REAL ESTATE ...... 27 As part of Bluffton University’s CLASSIFIEDS ...... 28 2014 facilities master plan, the institution has been engaged in architectural planning for and raising the necessary funds to open a new science building that will support Bluffton students ma- joring in the natural and health sciences and for all students in the general education program. Bluffton is planning to invest $14.5 million in the Austin E. Knowlton Science Center, a 32,500 square foot (…continued on page 4) Rendering of the planned Austin E. Knowlton Science Center at Bluff ton Michigan Hub advancing $110M energy park New facility to be located in the Litchfi eld Industrial Park

Michigan Hub, LLC, a company whose mission is to drive rural economic development with the assistance of locally produced

CHANGE SERVICE REQUESTED low-cost energy that reduces the community’s carbon footprint, is developing the former coal-burning Endicott Generating Station into a low-cost energy park in the city of Litchfi eld at the Litchfi eld Industrial Park. As it stands today, there has been $6 million invested in the site, but once build out of the plant takes place, as well as build out of its fi rst tenant, the investment in the project will be around TIME SENSITIVE MAIL SENSITIVE TIME TOLEDO BUSINESS JOURNAL TOLEDO PO BOX 1206 43537 OH MAUMEE $110 million. Independent Barley & Malt’s equipment arriving at the Michigan Hub site (…continued on page 2)

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reduces the carbon footprint.” modular, so as the company secures tenants, CNG (compressed natural gas) and elec- According to Foy, power, heat, and air the company can add more modules to the tric vehicles. Michigan Hub conditioning represent a large part of indus- plant and ultimately create more power. “We are going to be constructing a trans- …Continued from page 1 trial employers’ operating expenses. By pro- Foy also explained that Michigan Hub load facility at the site because there’s easier viding power directly to its tenants and eli- is also providing in-state municipal utili- access that they want there. By having that According to Glenn Foy, CEO of Michi- gible Industrial Park manufacturers, Mich- ties an option to comply with recent State transload access, we want to provide a fur- gan Hub, the energy park, which he referred igan Hub can eliminate the cost of using legislation requiring local capacity re- ther opportunity for manufacturers in the to as an “energy island,” will generate 175 the transmission grid. Heat and air condi- sources to meet Michigan’s goal of power area and lower cost of rail. The benefi t is not megawatts (MW) of power to industrial ten- tioning can also be supplied utilizing waste independence. just lower-cost electricity or heat or steam or ants located on its 44-acre site, as well as waste water treatment or natural gas, it’s re- the adjacent industrial facilities and local ally these multi-level elements that can im- municipalities. pact the manufacturers to lower their costs “The former Endicott facility, which was including transportation and so on and so owned by a public agency in Michigan, de- forth,” said Foy. commissioned the coal plant in September Michigan Hub tenants can receive long- 2016. It’s located immediately adjacent to term contracts for reduced cost electricity, the Litchfi eld Industrial Center and we went process steam, hot and chilled water for fa- ahead and purchased the site and executed cility HVAC, natural gas, and water – all the decommissioning and demolition of the available within a shovel-ready site. The plant with the purposes of then taking the company will utilize clean-burning natu- infrastructure and using that to build a natural gas or renewable synthetic gas (derived ral gas-fi red energy park. The initial proper- from local agricultural or other commonly ty is 44 acres, and with that and some of the available waste) as fuel for the energy pro- adjoining land we will acquire, we want to duction facility. build something to produce low-cost energy “The leasing contracts we are looking at and reduce the carbon footprint in the area Glenn Foy, CEO of Michigan Hub, speaking at the groundbreaking ceremony now are typically 20-30 years. We are look- and for these entities surrounding it,” said ing at long-term leases as well as relative- Foy. “The coal-fi red power plant had tremen- heat from the power generation process, fur- “Right now, the plan is to generate 175 ly certain utility prices that will give them dous infrastructure and access to the grid. ther reducing costs. megawatts of power, and of that, we are al- some security,” said Foy. The site has everything that you would work According to the Environmental Pro- locating 150 megawatts to the grid. The rest The fi rst tenant secured for the site is In- with from an industrial infrastructure per- tection Agency (EPA), Michigan Hub-type will be used for the ‘behind the meter’ power dependent Barley & Malt, Inc. (IB&M), a spective. By co-locating these industrial en- power plants reduce energy costs by an esti- opportunity and right now that lines up with Michigan corporation established to serve tities and manufacturing entities, we can cre- mated 29% and carbon footprint by 47%. the folks we are talking to. But like I said, we the craft brewing and distilling markets ate jobs locally and in the community. But As Foy noted, Michigan Hub plans on ac- can scale that up if needed,” said Foy. throughout the Midwest. IB&M is devel- more importantly, we can provide them with quiring more land, which allows for future The energy park, according to Foy, oping a state-of-the-art, commercial-scale all the utilities. We will provide the steam, growth and expansion. In total, the two ad- will also make certain alternative fuels grain-processing facility that is estimated to the hot water, the cold water, electricity, and jacent parcels of land that the company is available to facilitate Litchfi eld Industri- cost $55 million. The company is expected so on and so forth. And by doing that, it de- aiming to acquire could up the project to 175 al Park’s migration from expensive diesel to add 50-65 full-time employees. livers signifi cant savings to the facilities and acres. Foy explained that the plant design is truck transportation to cleaner, lower-cost (…continued on page 24)

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Articles may be reprinted by obtaining written permission from Telex Communications, Inc. Errors and omissions contained in editorial or advertising material are not the responsibility of the • Machining & Tooling publisher. Subscriber lists are confi dential and protected. January 2019 · Toledo Business Journal · 3 Healthcare, Wellness & Employee Benefi ts Obesity and drugs impacting health of Ohio and nation A report, America’s Health Rankings, be a reduction in future adverse health out- was recently released by United Health comes associated with child poverty, how- Foundation that provides an assessment for ever, stark differences by state show un- the state of health across the US. The report equal progress, according to the report. recognizes that determinants of health di- Obesity rectly impact health outcomes. Thirty-fi ve The nation’s obesity rate rose 5% in the markers of health are evaluated in each past year, with one in three adults now expe- state, covering behaviors, community and riencing obesity. Subpopulation data show environment, policy, clinical care, and out- that adults aged 25 and older with a college comes data. degree have a lower prevalence of obesity For 2018, the report fi nds increases in than all other education levels. Obesity con- mortality and chronic disease, like obesity, tinues to be a leading cause of cardiovascu- that continue to impact the nation’s health. lar disease and cancer. While the country’s ability to address treat- In Michigan during 2018, obesity is im- ment of chronic conditions may improve pacting the senior population especially with increasing numbers of key health pro- hard. 32.2% of adults 65 years of age and viders, intervention and policies at the indi- over are considered obese. vidual, community, state and national levels Drug deaths are needed to curb these trends, according The nation’s premature death rate, the to the report. Also notable for 2018, the na- number of years lost before an individu- tion’s child poverty rate, a key indicator of al reaches age 75, increased for the fourth socioeconomic status and health throughout straight year. It was driven by suicide the lifespan, has declined nationally. This and drug deaths with 7,432 years lost per encouraging development signals there may (…continued on page 6) CONGRATULATIONS to our colleagues honored

on the Best Doctors® list. CARDIOVASCULAR MEDICINE INFECTIOUS DISEASES MEDICAL ONCOLOGY Mark W. Burket, MD Joan M. Duggan, MD Roland T. Skeel, MD Blair P. Grubb, MD INTERNAL MEDICINE NEPHROLOGY FAMILY MEDICINE Basil E. Akpunonu, MD Lance D. Dworkin, MD Kevin A. Phelps, DO Douglas J. Federman, MD Deepak K. Malhotra, MD, PhD Rashmi Goyal, MD Srini K. Hejeebu, DO NEUROLOGY Anand B. Mutgi, MD Imran I. Ali, MD Lawrence W. Elmer, MD, PhD MATERNAL-FETAL MEDICINE Noor A. Pirzada, MD James W. Van Hook, MD Gretchen E. Tietjen, MD

PSYCHIATRY Daniel J. Rapport, MD Kristi Skeel Williams, MD

To find a provider, please call 419.383.4000 or visit UTPhysicians.utoledo.edu/utp UTP 13 4 · TOLEDO BUSINESS JOURNAL · JANUARY 2019 HEALTHCARE, WELLNESS & EMPLOYEE BENEFITS

residence hall) and Berky Science Hall.” experimentation, teaching, learning, and chemistry, physics, mathematics, dietetics, The project architects are SoL Harris/ research and nursing – however, all students will Bluff ton Day Architecture from North Canton, serv- • Three classrooms (seating 24, 45, benefi t from the building through Bluff- …Continued from page 1 ing as the executive architects, and Bohlin and 60 students) designed for science ton’s general education program. Bluff- Cywinski Jackson from Pittsburgh, serving instruction ton also recently introduced two new ma- facility located at the heart of campus with as the design architects. • Home to the natural and applied sci- jors, pre-physical therapy and pre-engi- a site development plan that creates a pe- According to Bell, The Knowlton Sci- ence division neering, and students in those disciplines destrian-only central campus and supports ence Center will be a building designed for • 15 faculty offi ces plus adjacent learn- will also utilize the space and classrooms,” Bluffton’s goals for teaching and learning science where the lab is the primary class- ing / study spaces to enhance student/fac- said Bell. and for environmental sustainability. room. Features include: ulty interaction In addition, Sodexo will sponsor Bluff- At the October meeting of the Bluffton ton’s new, state-of-the-art Nutrition and Di- board of trustees, members authorized de- etetics Lab in the Austin E. Knowlton Sci- molition of Lincoln Hall, a 1920s residence ence Center with a lead corporate contri- hall, so that the university can prepare the bution of $650,000, according to Dr. Jane site for the new building. To date, Bluffton Wood, president of Bluffton University. has surpassed $13.9 million of the $14.5 mil- “Sodexo’s commitment to the Knowlton lion total to fund the center’s total project Science Center building project is the larg- cost and is continuing to make progress to- est corporate contribution in Bluffton’s his- ward the goal of opening for the 2020/21 ac- tory, and I am deeply grateful for Sodexo’s ademic school year. The Knowlton Science willingness to invest in this high priority Center is part of a comprehensive campaign project and in the nutrition and dietetics ed- to secure $26 million in support for annu- ucation of Bluffton students for many years al operations and student aid, innovation in to come,” said president Wood. teaching and learning, and endowment. According to the university, Sodexo Tricia Bell, content manager for Bluffton has been Bluffton’s dining services part- University’s public relations, said, “A new ner for more than 14 years and during that science building is essential for Bluffton to time has invested in a number of enhance- deliver 21st century teaching and learning ments to Bluffton’s student dining experi- for academic majors in the natural and ap- ence, including the 2018 opening of Fresh- plied sciences including biology, chemistry, ens in Marbeck Center which offers a va- physics, mathematics, and dietetics and as riety of healthy menu options. an integral part of Bluffton’s liberal arts ed- Rendering of the nutrition and dietetics labs in the Austin E. Knowlton Science Center “Sodexo is pleased to support Bluffton ucation for all students. The new building University’s initiative to bring the Knowl- and site plan will enhance Bluffton’s cam- • 32,500 square feet on three fl oors, lo- • Public spaces designed for students ton Science Center and the Nutrition and pus and naturalized setting by creating a pe- cated at the heart of campus, and LEED- and visitors to experience science in ac- Dietetics Lab to life,” said Amy Buratti, se- destrian-only area closely connected to the certifi able tion with views into all labs and an acces- nior vice president for Sodexo. “We have Centennial Hall academic center. The site • 10 energy effi cient, high-tech learn- sible green roof area a longstanding relationship with Bluffton development includes removal of two older ing labs for biology, chemistry, phys- “The natural and applied sciences will University, and we are a committed partner buildings, Lincoln Hall (a decommissioned ics, and dietetics, designed for hands-on be housed in the building including biology, (…continued on page 6) The New Benefits The purpose of the Northwest Ohio Human Resource Association (NOHRA) Workers Want is to promote the enlightened practice of the Human Resources Employers are off ering new initiatives for women are Telemedicine, identity-theft discipline, to enhance the professional and personal benefits to meet workers’ among the benefi ts more em- insurance, unpaid sabbaticals, development of individuals engaged changing demands. Elder care ployers off ered in 2018, accord- and paid parental leave also in the practice of human resources, and to provide occasions for the interchange of ideas and “Employer brand perception, organizational culture, and information among those workforce demographics are just a few of the factors that should who are members of be considered when determining whether an emerging program the organization. employees repay college will be a worthwhile addition to an organization’s total rewards loans, up from 8% in 2017. package.” “Employees have concerns and responsibilities outside of grams will be a good fi t for an Alison Avalos, director of membership and total rewards strategy, WorldatWork their jobs,” said Malinda Riley, organization, said Alison Ava- senior principal at consultancy los, director of membership Korn Ferry, which underwrote and total rewards strategy at resource services, disaster re- ing to a recent survey of more became more widely available the survey. Nontraditional ben- WorldatWork. lief funds, and advancement than 1,000 organizations. to employees, reported the efi ts can “help address those is- “Employer brand percep- survey sponsor WorldatWork, sues, which increases employ- tion, organizational culture, an association of total rewards ee loyalty and productivity.” and workforce demographics Sponsored By: professionals. The rise in women’s ad- are just a few of the factors that Student loan repayment as- vancement initiatives, such as should be considered when de- sistance is now off ered by 6% formal mentoring programs, termining whether an emerg- of organizations, up from 4% “will contribute to stronger, ing program will be a worth- in 2017. However, among com- more-balanced leadership while addition to an organiza- panies with more than 40,000 teams,” she noted. tion’s total rewards package,” teamkaminsky.com toledoshrm.org employees, 15% now help But not all emerging pro- she advised.

Information provided by the Society for Human Resource Management HEALTHCARE, WELLNESS & EMPLOYEE BENEFITS JANUARY 2019 · TOLEDO BUSINESS JOURNAL · 5 OhioHealth invests $3.6M in Hardin Memorial Hospital

OhioHealth is investing $3.6 million in incorporating a standard palette of colors in this building, but he just moved suites. His PA, to move into the new space.” OhioHealth Hardin Memorial Hospital and and will have a stone wall incorporating previous space is completely renovated and Snyder also noted that this project shows the OhioHealth Hardin Medical offi ces lo- OhioHealth branding. He also noted that the OhioHealth heart and vascular physician, the commitment that OhioHealth has to in- cated in Kenton. The project entails renovat- entire building will have all new LED light- Phil Perona, MD will move into the newly vest in the community and will provide it ing 8,500 square feet of space in its medi- ing accompanied by occupancy sensors. renovated suite,” said Manns. “Also, during with a state-of-the-art primary care offi ce cal offi ce building (MOB) located north of “This project is being done in two phases. this phase, 14 new parking spaces and four with the ability to recruit another provider. the hospital, totaling $1.3 million, as well The building has four separate suites which LED parking lot poles were added, as well as “Provider recruitment to a rural area as renovating 6,000 square feet to relocate can be challenging and this new space will its administrative offi ces, making way for a give us leverage to assist with that,” said new 2,630 square foot infusion center, total- Snyder. ing $2.3 million. Administrative Offi ce Akron-based GDP Group is the archi- and Infusion Center tect for the project with Bellefontaine-based The administrative offi ce project began Thomas and Marker Construction serving at the end of December and the infusion cen- as the general contractor. ter is set to begin in March, with completion Medical Offi ce Building scheduled for the fall. The current project at the OhioHealth “The fi rst phase – the administrative of- Hardin Memorial MOB began in October fi ces – began in December. The crews be- and is scheduled to be complete by the end gan to renovate the second fl oor in the south of March. wing of the hospital in order for the adminis- Ron Snyder, chief operating offi cer of tration department to move back to the area OhioHealth Hardin Memorial Hospital, and so construction can begin for the infu- said, “The renovation is opening up the sion center. The second phase, scheduled to space to be able to house OhioHealth prima- begin in April 2019, will consist of the cre- ry care physicians who will be relocating to ation of the infusion center,” said Manns. this building and the new space will allow Snyder noted that as part of keeping can- the potential of another new primary care cer care local in the Hardin County commu- physician. The need for this project is access Hardin Memorial Hospital in Kenton nity, Dr. Farrukh Ashraf, an MD Anderson to care for our community and to modern- Cancer Network® certifi ed physician, prac- ize the offi ces, as the last time the building houses different practices, with the initial a new roof. The second phase of the project ticing at certifi ed hospital OhioHealth Mar- had any renovations was 2001.” phase beginning in suite 101, which consist- began in December and will consist of cre- ion General Hospital started seeing patients According to facilities manager, Brock ed mainly of updating the fl ooring, painting, ating offi ce space to allow for other physi- in the Hardin Specialty Center in August Manns, the building will now be ADA and furnishings. This suite now houses Ken- cian practices, including OhioHealth prima- 2017. As cancer services continue to grow compliant and will feature a total of 19 ton Family Practice (Dr. Paul Wesson). Dr. ry care physicians Christina Crum, MD; Jef- and is a continued need in the community, exam rooms. This project is the start of Wesson’s Kenton practice has always been frey Neuhauser, MD; and Corey McMurray, (…continued on page 26)

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not seen their cancer death rates improve Because some signifi cantly. Only 19 states have seen sig- Obesity nifi cant decreases in cancer deaths dur- things truly are …Continued from page 3 ing this time. Ohio / Michigan issues 100,000 people in 2018. Drug deaths and Ohio has significantly improved its better together. occupational fatalities have also increased ranking of insured residents and now has All insurance is not the same and recently, with drug deaths jumping 25% in a relatively low percentage of uninsured. In products vary greatly as does the past three years. the past fi ve years, the percentage of unin- the level of service provided In the past fi ve years, drug deaths in sured decreased 55% from 13.7% to 6.1% throughout the process. We Ohio have increased 75% from 14.0 to 24.5 of the population. believe coverage involves much deaths per 100,000 population. The state also has a relatively high num- more than a number. Cardiovascular and cancer ber of primary care physicians. The cardiovascular death rate national- Ohio does have a high prevalence of At First Insurance Group, you will ly has been rising for the past three years, smoking. In the past two years, smok- find Trusted Advisors who will with 112,403 more deaths reported in 2018 ing increased 7% from 21.0% to 22.5% than in 2015, according to the report. In of adults. explain your options, review the the past four years, cardiovascular deaths The state also has high levels of air fine print, and work with you to in Ohio increased 5% from 270.7 to 283.6 pollution. ensure you have the coverage deaths per 100,000 population. In Michigan, an especially high level that is right for you. Despite a decline in the national can- of hospital readmissions is occurring with cer death rate since 1990, more than 30 15.4% of the population. The state also has states have experienced increases or have a low level of fl u vaccinations. 800-875-5431 and bettering the world together. Locat- firstinsurancegrp.com ed on a 65-acre campus in northwest Ohio Bluff ton and lined with abundant natural beauty, a …Continued from page 4 rambling creek, and a Nature Preserve to explore, Bluffton University is a place that and employer to the local community. It is inspires. With nationally accredited pro- important to us to give back to the commu- grams in dietetics, education, music, and nities where we live and serve.” social work, and champion volleyball and According to Bell, there are 721 students women’s basketball teams, you will be who attend Bluffton University. When pushed to greatness and challenged in this speaking of the university, Bell said, “At changing world.” Bluffton University, our sense of a great- She concluded by noting that 99% of er purpose develops students of exception- its graduates are employed or in gradu- Not FDIC Insured. Not a Deposit. May Lost Value. Not Guaranteed by the Bank. Not Insured by any Federal Government Agency. al character and expansive vision. Since ate school or long-term service within six 1899, we’ve been learning, experiencing, months of graduation.

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Coming Next Month in For Advertising Info: 419.865.0972 Space Reservation: 01.18.19 HEALTHCARE, WELLNESS & EMPLOYEE BENEFITS JANUARY 2019 · TOLEDO BUSINESS JOURNAL · 7 Report: Health savings account balances rising A new study conducted by Employee eligible health plans was estimated to be with individual or employer contributions in current medical expenses. In fact, investors Benefi t Research Institute (EBRI), a private, between 21.4 and 33.7 million policyhold- 2017 was $2,764, up from $1,873 at the be- were more likely than non-investors to take a non-profi t research group, found that while ers and their dependents and covered near- ginning of the year. distribution (69% and 31%, respectively). more Americans are using health savings ly three in 10 employees in 2017. More than Contributions not maximized “The rise of HSAs is an encouraging sign accounts (HSAs) to save and pay for med- three-quarters of HSAs (77%) were creat- According to the report, half of HSA for future fi nancial wellness for individu- ical expenses, few are investing the funds, ed since 2014. owners contributed to their account in 2017, als who have and contribute to HSAs,” said maxing out contributions, or otherwise us- HSA balances have been growing even and 36% of HSAs did not receive any con- Paul Fronstin, Ph.D., director of the Health ing it as a retirement savings tool. The re- as HSA owners use accounts to fund medi- tributions (individual or employer) in 2017. Research and Education Program at EBRI search, Health Savings Account Balanc- cal expenses. According to the report, 77% Among accounts with contributions, indi- and author of the study. “Over time, bal- es, Contributions, Distributions, and Oth- of HSAs with a 2017 contribution also had vidual contributions in 2017 averaged $1,949 ances increase, contributions increase, and er Vital Statistics, 2017: Statistics from the a same-year distribution. Of the HSAs with and employer contributions averaged $895. the percentage of accounts investing rises. EBRI HSA Database, is the fi fth annual re- distributions, the average amount distribut- Only 13% of account holders contributed However, plan sponsors and administrators port examining account balances, individ- ed was $1,724, less than the average contri- the fully allowable annual amount. will need to support and educate account ual and employer contributions, distribu- bution, resulting in balance increases. Two- Investment potential was even less re- holders about tactics for self-funding unin- tions, invested assets, and account-owner thirds of account holders ended 2017 with alized, noted offi cials. A mere 4% of HSA sured medical expenses, including the ben- demographics. positive net contributions. owners had invested assets beyond cash. efi ts of moving beyond cash when invest- More HSAs, Bigger Balances Nearly all (95%) of HSAs with individ- Those who did invest had much higher ac- ing HSA assets and explaining how con- Since being created in 2004, HSAs have ual or employer contributions in 2017 end- count balances than non-investors. But the tributing closer to the maximum allowed become a significant and growing part ed the year with funds to roll over for fu- investors did not use the account solely as by law will increase the likelihood of be- of employment-based health benefi t pro- ture expenses. By the end of 2017, the av- a long-term savings vehicle. Both investors ing able to cover uninsured medical expens- grams. Enrollment in high-deductible, HSA- erage HSA balance among account holders and non-investors used the HSA to self-fund es in the future.” OH joins coalition to regulate pharmacy benefi t managers

Ohio joined a bipartisan coalition of 32 order to protect the well-being of consum- is a matter for State authority in protect- believe it is important also to support other attorneys general in fi ling an amicus brief in ers, States should be free to act as need- ing the access to and affordability of pre- States in defense of their rights to enact laws the United States Supreme Court support- ed, depending on a State’s circumstanc- scription drugs. regulating and reforming this industry.” ing States’ rights to regulate and address the es, to regulate pharmacy benefi t managers “Patients deserve access to affordable, In 2015, according to offi cials, Arkan- rising cost of prescription drugs to ensure (PBMs). PBMs act as gatekeepers between quality prescription drugs,” said outgoing sas implemented a law that regulated PBMs access to affordable prescription drugs. pharmacies, drug manufacturers, health Ohio Attorney General DeWine. “While by setting standards for generic drug pric- According to offi cials, in Rutledge v. insurance plans, and consumers for access our offi ce continues to work with outside es. Under the law, PBMs must raise their Pharmaceutical Care Management Asso- to prescription drugs, noted offi cials. The counsel to aggressively investigate and pur- reimbursement rate for a drug if that rate ciation, the attorneys general argue that in brief fi led argues that regulation of PBMs sue potential litigation against PBMs, we (…continued on page 17)

Actively Managing Your Health Plan

By Tim Paradiso based health plans (ABHPs) have been Other tactics for promoting well-be- A recent survey from Towers Watson shows steadily growing in popularity for years ing are on the rise as well, such as apps 92% of large employers are certain they will with 33% off ering an ABHP as an option for condition management or reducing continue to off er employee health benefi ts in 2006 compared to 86% off ering to- health risks, wearable devices for track- for the next fi ve years. It is necessary to of- day. Best Performers lead high-cost coming physical activity and treatment de- panies in this trend by 14% with 77% of cision tools. Education and promotion fer a quality benefi t when it comes to recruit- Best Performers off ering an ABHP with of digital adoption of health and well- ing and retention. As the health care land- a Health Savings Account (HSA). Of- being tools off ered by insurance carri- scape continues to shift, certain organizations ten, employers are pairing their ABHP ers and vendors is key to the growth of rise above the rest in their ability to manage their off ering alongside low point-of-care these trends and to the continued em- health care cost trends. These employers embrace new trends and le- cost plans, off ering employees greater powerment of plan participants to be- choice and lower out-of-pocket costs. come better, wiser consumers of health verage best practices for improving the health and well-being of their The ability to choose a plan that best care, which ultimately impacts aff ord- workforce. fi ts their family empowers employees ability long-term. to make smarter decisions about their Wellness programs are often viewed Towers Watson in their 2017 Annu- multi-generational workforces and health care and increases satisfaction in as a competitive advantage over oth- al Best Practices in Health Care Em- higher expectations employees have coverage. Employers have taken strides er employers. According to Towers ployer Survey refers to these organi- of their employers to provide person- to off er better support to their employ- Continued on page 8 zations as Best Performers—employers al and fi nancial support, to name a few. ees to help them make that have maintained lower than aver- These organizations outshine the com- these decisions by lever- Sponsored by: age cost trends over the past several petition by their ability to utilize data to aging technology. Seven- years. These employers are reported to recognize and understand these chal- ty-three percent of em- have an average per employee per year lenges and then put in motion a fo- ployers are expecting to (PEPY) spend of $9,950, as opposed to cused, holistic approach to mitigating off er tools that support high-cost companies whose total PEPY risk and achieving results. enrollment decisions by costs are approximately $3,500 higher. Employers recognize the importance 2019. This is a substan- Best Performers face the same con- of off ering multiple health plan options tial increase from 2017 cerns as other employers such as af- to satisfy the diverse needs of their where only 44% of em- fordability, rising health care and workforces, especially those with mul- ployers off ered those 800-909-9810 pharmacy costs, divergent needs of tigenerational populations. Account- tools. theashleygroup.com 8 · TOLEDO BUSINESS JOURNAL · JANUARY 2019 HEALTHCARE, WELLNESS & EMPLOYEE BENEFITS Caughman Health Center receives grant for equipment

Blanchard Valley Health Foundation (BVHF) associates. recently granted more than $38,000 to Caugh- Caughman Health Center offers patients man Health Center, a division of Blanchard Val- health services with fees based on a sliding scale ley Health System in Findlay that provides fam- to assist those in need of affordable care. Most ily practice and pediatric care to area residents, insurances are accepted, including Ohio Medic- regardless of their ability to pay. aid and self-pay, and fi nancial assistance is avail- According to BVHF, the grant funds were able for those who quality. used to purchase pediatric hearing equipment, Caughman Health Center also offers an on- ultrasound power tables for patient rooms, 10 site laboratory, pharmacy assistance program, exam beds, and chairs for both visitors and The Family Center in Findlay, which houses the Caughman Health Center social workers, and a care navigator for patient convenience. The new equipment purchased with the grant allows the experienced healthcare providers at Caughman Health Center to better serve the community, noted offi cials. Through BVHF, Blanchard Valley Health System associates are given the opportunity to donate a portion of their paychecks to enhance or expand medical services. They may Squeeze more choose to donate to a department-designated fund, also known as a temporarily restricted fund, which are funds restricted for specifi c departments. Caughman Health Center’s grant was funded through its department-designated out of your fund, which was formed primarily through as- sociate donations. “The grant funds that Caughman Health Center received exemplify that when associates give to their own department or an area dental plan. of the health system they are passionate about, they can see fi rsthand where their dollars go and help their own organization provide exception- al care,” said Sophie Miller, development as- Delta Dental delivers more. The largest network of sociate at the BVHF. “Caughman Health Cen- ter has benefi ted greatly thanks to Blanchard dentists. Award-winning service. A proven commitment Valley Health System associates assisting the to Ohio. When you sink your teeth into the data, one organization.”

choice is best for your employees and bottom line. SPONSORED CONTENT Health Plan …Continued from page 7

Watson, 72% of employers aspire to use their programs to compete for We do dental. Better. talent and achieve a high-performing workforce by 2019, up from just www.deltadentaloh.com 18% in 2017. The popularity of programs focused solely on physical outcomes has not gone away, but more focus is being placed on a holistic approach that includes physical, emotional, social and fi nancial well-being. Best Performers are now looking at their internal work envi- ronments and aligning their health and well-being programs with company culture. In developing a strategy for managing benefi t off erings, it has become increasingly important for employers to utilize data and analytics to evaluate their programs. It is estimated that 76% of employers will utilize a measurement strategy that supports multiyear evalua- tion of health and well-being strategy and programs by 2019. The key for employers is to assess the workplace culture and needs of the workforce and choose the initiatives that support their goals. In order for employers to achieve long-term success, a commitment to strategic, ongoing engagement with the health plan is vital. January 2019 · Toledo Business Journal · 9 Area Private Schools TO AID READERS IN FINDING SCHOOLS IN THEIR COMMUNITIES, LIST IS SORTED BY CITY, THEN BY SCHOOL Student- Gender of Avg. Class Computer Computer Units Used for Enrollment to-Teacher Tuition* Head of School / Head of Board Students Size Platform Instruction Ratio Bowling Green Christian Academy PreK: 30; K-12: Windows & PreK3-4: $1,102, $1,562, $2,602; Co-Ed 20:1 12 60 (K-5); 1:1 (6-12) Bo Kessler / Duane Carey BOWLING GREEN, OH 178 Chrome K1/2: $3,185; K-12: $4,975 Montessori School of Bowling Green 18 mo-8: 133 Co-Ed 12:1 24 Windows In All School-Aged Classrooms $400-$600 /mo Bev Bechstein / Sandy Earle BOWLING GREEN, OH St. Aloysius Catholic School Windows & 40 PCs; 60 iPads; 60 Chromebooks; PreK-8: 210 Co-Ed 15:1 17 PreK: $2,165 $3,800; K-8: $4,870 Andrea Puhl / Jill Inkrott BOWLING GREEN, OH Chrome 1:1 Chromebooks (4-8) Fountain City Christian School K5-6: 53 7-12: 29 Co-Ed 8:1 8 Windows 20 Laptops; 80 Chromebooks; 68 iPads $3,200-$4,650 Troy Cummins / — BRYAN, OH St. Patrick Catholic School 1:1 Chromebooks (5-8); 30 Chromebooks PreK-8: 120 Co-Ed 12:1 12 Windows Call For Tuition Connie S. Niese / Eric Herman BRYAN, OH K-4; Clevertouch Plus in All Classrooms Holy Cross Catholic School PreK3: $900; PreK4: $2,200; w/ Parish Grant; PreK-5: 140 Co-Ed 10:1 12 Mac 75; 1:1 MacBooks (5) Rose Reinhart / Fr. Eric Mueller DEFIANCE, OH K-5: $1,850, w/o Parish Grant K-5: $6,580 St. John Lutheran Day School PreK-8: 142 Co-Ed 13:1 10 Mac 1:1 Chromebooks (5-8); 1:1 iPads (K-4) K-8: $1,323 P; $4,650 NP; PreK Varies Shellie Kosmerchock / Chad Doda DEFIANCE, OH St. Mary School Windows & 5 Computers (1st gr); 1:1 Chromebook PreK-6; 95 No K Co-Ed 12:1 12 $5,285 Julie Taylor & Fr. Daniel Borgelt / J. J. Meyer EDGERTON, OH Chrome Laptops (2-6); 8 iPads; Lab w/ 15 Computers St. Michael The Archangel School PreK-8: 518 Co-Ed 15:1 20 Windows 490 $4,615 Amy Holzwart; & Fr. Michael Zacharius / Stefanie Griffi th FINDLAY, OH St. Wendelin Catholic School Windows, Mac 92 Classroom; 2 Labs; 43 iPads (K-2); K-8: 92 Co-Ed 8:1 11 K-8: $2,498 - $13,029 Teresa Kitchen / Fr. Todd Dominique FOSTORIA, OH & Chrome 1:1 Chromebooks (3-8) Bishop Hoff man Catholic School Windows & PreK-6: 330 Co-Ed 15:1 18 40 iPads; 300 Chromebooks $2,765 P; $3,765 NP Anthony Fontana / Darcy Woolf FREMONT, OH Mac St. Joseph Central Catholic High School Mac & 75 iPads; 20 MacBooks; 40 Macs/Lab; 1:1 7-8: $2,765 P; $3,765 NP; 7-12: 215 Co-Ed 20:1 20 David Perin / Dr. Mark Hoelzle FREMONT, OH Windows Chromebooks (7-8); 40 Chromebooks/Lab 9-12: $5,240 P; $6,590 NP St. Joseph Catholic School PreK-5: 185 Co-Ed 24:1 15 Windows 70; 10 Smartboards PreK-5: $3,100 P; $3,925 NP Dave Nichols / Fr. Keith Stripe MAUMEE, OH

…continued on page 10

Private Schools resource directory

All Saints Catholic School Holy Cross Catholic School Rossford, OH Defi ance, OH

Bishop Hoff man Catholic School Immaculate Conception School Fremont, OH Port Clinton, OH

Bowling Green Christian Academy Maumee Valley Country Day School Bowling Green, OH Toledo, OH

Cardinal Stritch Catholic High School & Academy Monclova Christian Academy Oregon, OH Monclova, OH

Celeryville Christian School Montessori School of Bowling Green Willard, OH Bowling Green, OH

Central Catholic High School Toledo, OH

Emmanuel Christian School Toledo, OH

First St. John Lutheran Day School Toledo, OH

Fountain City Christian School Bryan, OH 10 · TOLEDO BUSINESS JOURNAL · JANUARY 2019 PRIVATE SCHOOLS RESOURCE DIRECTORY

Area Private Schools …continued from page 9

Student- Gender of Avg. Class Computer Computer Units Used for Enrollment to-Teacher Tuition* Head of School / Head of Board Students Size Platform Instruction Ratio

St. Joseph Maumee Preparatory 6-8: 46 Co-Ed 20:1 20 Mac 1:1 iPad Minis; MacBooks $3,575 P; $4,400 NP Dave Nichols / Fr. Keith Stripe MAUMEE, OH Monclova Christian Academy K-8: 30 Computers; K-12: 240 Co-Ed 17:1 17 Windows $4,505-$5,255 Neil Black / — MONCLOVA, OH 150 Chromebooks (1:1 9-12) St. Paul Lutheran School 25 Desktop; 25 Laptop; 50 iPads; Pre K-8: 203 Co-Ed 17:1 17 Windows $1,487 P; $3,412 NP Rev. Peter Marcis / Cory Niekamp NAPOLEON, OH 150 Chromebooks; 10 Interactive Displays St. Augustine Catholic School Windows & 41 Chromebooks (PreK-4); PreK-8: 63 Co-Ed 10:1 9 PreK: $1,300-$1,900; K-8 $2,100 P; $2,850 NP Jim George / Fr. Doug Garand NAPOLEON, OHIO Mac 25 MacBook Airs (5-8); 4/Class; 10/Lab St. Boniface Catholic School PreK-8: 72 Co-Ed 12:1 12 Windows 1:1 Laptops (Except PreK-K) $2,150 P; $2,450 NP Millie Greggila / Fr. Timothy Ferris OAK HARBOR, OH Cardinal Stritch Catholic High School & Academy PreK-6: 234; 7-12: PreK-8: 28:1; 9-12: PreK: $2,050-$3,625, K-8: $5,300-$5,600; Co-Ed 18 Mac, Chrome 1:1 devices Pre-K-12 Dr. Vincent de Paul Schmidt / Lynn Vuketich Luther OREGON, OH 244 13:1 9-12: $10,250 Saint Rose Catholic School 1:1 iPads (6-8); 25 Lab; 40 Laptops; PreK-8: 475 Co-Ed PreK: 11:1; K-8: 15:1 20 Mac $3,850 (PreK varies) Dr. Bryon Borgelt / Rev. George Wenzinger PERRYSBURG, OH LCD Touchscreen Panels (4-8) West Side Montessori 13 mo.-K 60 Co-Ed 4:1-13:1 17 Windows 0- Not Developmentally Appropriate Varies by Program Lynn Fisher / Dr. Bethanne Snodgrass PERRYSBURG, OH Immaculate Conception School Windows & PreK3(hd): $1,203-$1,685; PreK4(fd); PreK-5: 124 Co-Ed 14:1 14 65 Chromebooks 1:1; 20 PC Lab Constance A. Snyder & Fr. John Missler / Andy Leis PORT CLINTON, OH Google $2,475-$3,445; K-5: $2,597-$3,487

…continued on page 11

Saint Rose Catholic School St. Boniface Catholic School Perrysburg, OH Oak Harbor, OH

Private Solomon Lutheran School St. Francis de Sales School Schools Woodville, OH Toledo, OH resource directory St. Joan of Arc Elementary School Toledo, OH St. John’s Jesuit …Continued from page 9 High School & Academy Notre Dame Academy Toledo, Ohio Toledo, OH www.sjjtitans.org Admissions: 419-720-0766 Solomon Lutheran School Woodville, Ohio St. Joseph Catholic School solomonelementary.com Maumee, OH 419-849-3600 St. Joan of Arc Principal: Natalie Schiets Toledo, Ohio St. Joseph Central Catholic High School joanofarcschool.org Fremont, OH 419-866-6177 St. Aloysius Catholic School Sue Welker, Admissions Director St. Joseph Maumee Preparatory Toledo, Ohio Bowling Green, OH Maumee, OH www.nda.org 419-475-9359 St. Augustine Catholic School St. John Lutheran Day School St. Joseph School Young Women in Grades 7-12 Napoleon, Ohio Defi ance, OH Sylvania, OH

St. Benedict Catholic School St. Mary School Regina Coeli Catholic School Toledo, OH Edgerton, OH Toledo, OH St. Michael The Archangel School Findlay, OH

St. Patrick Catholic School St. John Lutheran Bryan, OH Christian Day School Defi ance, Ohio www.stjohntigers.com St. Patrick of Heatherdowns 419-782-1751 Toledo, OH Principal: Shellie Kosmerchock St. Paul Lutheran School Napoleon, OH St. John’s Jesuit High School & Academy Toledo, OH St. Pius X Catholic School Toledo, OH

CALL 4198650972 TO INCLUDE YOUR SCHOOL IN THE NEXT PRIVATE SCHOOLS RESOURCE DIRECTORY! PRIVATE SCHOOLS RESOURCE DIRECTORY JANUARY 2019 · TOLEDO BUSINESS JOURNAL · 11

Area Private Schools …continued from page 10 Student- Gender of Avg. Class Computer Computer Units Used for Enrollment to-Teacher Tuition* Head of School / Head of Board Students Size Platform Instruction Ratio

All Saints Catholic School Windows, Mac 30 PC; 30 Lab; 50 iPads; PreK: $1,250-$3,690; K-8: $5,075 PreK-8: 210 Co-Ed 15:1 16 Teri Fischer / Matt Pesci ROSSFORD, OH & Chrome 1:1 Chromebooks (1-8) (Scholarships Available) St. Joseph School 90 Laptops; 1:1 iPads (1-4); K-8: 420 Co-Ed K-3: 25:2; 4-8: 22:1 23 Windows $4,315 P; $6,650 NP Robert Edwards / Jim Floyd SYLVANIA, OH 1:1 Chromebooks (3-8) Central Catholic High School 9-12: 600 Co-Ed 18:1 26 Mac 1:1 MacBooks (Over 700); 80/Labs $8,250; $1,200 Composite Kevin Parkins / Mike Boyle TOLEDO, OH Emmanuel Christian School K-12: 400 Co-Ed 12:1 20 Windows 190 Computers, Laptops & Netbooks $5,064-$7644 Kevin Hofer / Scott Brown TOLEDO, OH First St. John Lutheran Day School PreK-K Co-Ed 12:1 18 Windows 4 $972-$2,700 Carol Felderman / Chuck Hyre TOLEDO, OH Maumee Valley Country Day School PS-12: 570 Co-Ed 9:1 18 Mac Mac, iPads & Laptops $7,610-$19,950 Lynn D. Casto / Matt Buchanan TOLEDO, OH Notre Dame Academy Mac & 7-12: 617 Female i.n.a. Varies 1:1 iPads; 110 Laptops; 142 Desktops 7-8: $6,050; 9-12: $9,900; $2,300 Composite Sarah Cullum / Mary Westphal TOLEDO, OH Windows Regina Coeli Catholic School Windows, Mac K-8: 190 Co-Ed 16:1 21 155 Labs, Carts, iPads $4,750; P Varies Dr. Debra Bloomquist / Fr. John Miller TOLEDO, OH & Chrome St. Benedict Catholic School Windows & 100 Desktops, Laptops & iPads; PreK-8: 221 Co-Ed 15:1 22 $5,900 (Scholarships Available) Martha Hartman & Fr. David Bruning / John Landry TOLEDO, OH Chrome 120 Chromebooks St. Francis de Sales School Windows & 7-12: 680 Male 14:1 19 150 $11,400 Fr. Geoff Rose / Donald Carroll TOLEDO, OH Mac St. Joan of Arc Elementary School Windows & 1:1 Chromebooks (2-8); 200 iPads; PreK-8: 475 Co-Ed 14:1 20 $3,835 P; $5,375NP Jennifer Guzman / Fr. Adam Hertzfeld TOLEDO, OH Mac 150 Laptops; 3-D Printer Lab St. John’s Jesuit High School & Academy Mac & 6-12: 673 Male 15:1 25 1:1 iPads; 100 Laptops; 80 Computers $13,635 Christopher Knight / Fr. Brian Lehane SJ TOLEDO, OH Windows St. Patrick of Heatherdowns Windows & 130-1:1 Laptops (6-8); 50 Laptops (4-5); PreK-8: 384 Co-Ed 18:1 22 PreK $4,100 (fd); $2,600 (hd); K-8: $4,850 Tina Abel / Fr. Tony Borgia TOLEDO, OH Mac, Chrome 2+ in All Other Classrooms; 34/Lab St. Pius X Catholic School Mac & PreK-8: 200 Co-Ed 20:1 20 1:1 iPad (6-8); 1:3 on Carts (K-5) $4,750 Susan Richardson / Fr. David Whalen TOLEDO, OH Windows

…continued on page 12

St. Wendelin Catholic School ST. URSULA ACADEMY Private Fostoria, OH Schools Toledo Christian School CATHOLIC • ALL GIRLS • COLLEGE PREP • GRADES 6-12 resource directory Toledo, OH

Trinity Lutheran School …Continued from page 10 Toledo, OH

West Side Montessori Perrysburg, OH

West Side Montessori Toledo, OH

Private Schools St. Pius X School resource directory Toledo, Ohio www.stpiusxtoledo.org 419-535-7688 Principal: Susan Richardson

SOLOMON LUTHERAN CHURCH St. Ursula Academy AND SCHOOL, WOODVILLE OH IS LOOKING FOR AN ENERGETIC Toledo, OH DIRECTOR OF YOUTH & FAMILY MINISTRY. This person will plan, organized, implement youth programs & activities that will uphold the Christian faith. Director also participates in weekly chapel and supports other school activities. Fulfi llment of the duties of the Director of Youth & Family Ministry are accomplished through being a team member NOW ENROLLING and developing relationships with youth and family. St. Ursula Academy & This position reports to the Senior Pastor & performs GRADES 6-12 Junior Academy all duties as assigned by the Pastor and/or Executive Committee. Position is 28-30 per week. Toledo, Ohio PLEASE SEND RESUME TO: www.toledosua.org DIRECTOR OF YOUTH & FAMILY Call or visit 419-329-2209 MINISTRY, ATTN: SARAH, (419) 329-2209 ToledoSUA.org 305 W. MAIN ST., Call (419) 329-2209for more information.or visit ToledoSUA.org Director of Admissions: Rita Hayes WOODVILLE, OH 43469. 12 · Toledo Business Journal · January 2019

Area Private Schools …continued from page 11 Student- Gender of Avg. Class Computer Computer Units Used for Enrollment to-Teacher Tuition* Head of School / Head of Board Students Size Platform Instruction Ratio

St. Ursula Academy 6-12: 545 Female 11:1 17 Mac 1:1 MacBook Pro 6-8: $8,7150; 9-12: $11,550 Mary C. Werner & Nichole Flores / Ann-Marie Ainsworth TOLEDO, OH Toledo Christian School Windows & PS-12: 601 Co-Ed 14:1 18 100 Chromebooks; 150 iPads; 75 Desktops PreS/K: $2,600-$6,300; K-12: $4,950-$8,650 Scott Gibson TOLEDO, OH Chrome Trinity Lutheran School Windows & PreK-8: 200 Co-Ed 18:1 18 1:1 IPads (1-4); 1:1 Chromebooks (5-8) PK3: $1,500; PK4: $2,100; K-8: $4,600 Jim Landskroener / Cliff Sweinhagen TOLEDO, OH Mac West Side Montessori 13 Mo.-8: 330 Co-Ed Varies 4:1 to 13:1 17 Windows 60 MacBooks & iPads; 15 desktops Varies by Program Lynn Fisher / Dr. Bethanne Snodgrass TOLEDO, OH Celeryville Christian School PreK-12: 160 Co-Ed 12:1 11 Chrome OS 1:1 Chromebooks $4,775 Jacob Bush / Robert Whitright WILLARD, OH Solomon Lutheran School Pre-K 10:1 K-6th: Windows & Pre-K: $720-$2,070, K-6 $1,680-$3,150 Co-Ed 8:1 8 31 Natalie Schiets / Marcia Strong WOODVILLE, OH 59 Chrome (Discounts Available) Published 1-19; List includes only those Area Private Schools that responded by deadline; * Tuition fi gures do not include applicable fees. Scholarships / tuition assistance may be available, check with school for details. P= Parishioner; NP= Non- Parishioner Report: Home lending impacted by Great Recession

Nearly 10 years into the economic recovery, Ohio (Cleveland); Fayette, Kentucky (Lexing- loans moving from application to origination According to Nelson, coauthor (with Lo- home mortgage lending in the Fourth Federal ton); Franklin, Ohio (Columbus); Hamilton, in LMI neighborhoods has broadly increased gan Herman) of a report that summarizes the Reserve District (Ohio, western Pennsylvania, Ohio (Cincinnati); Lucas, Ohio (Toledo); and since the recession and now exceeds prere- researchers’ fi ndings, “It is important to note eastern Kentucky, and the northern panhandle Montgomery, Ohio (Dayton). Focusing on the cession rates the data used in these analyses do not include of West Virginia) remains affected by the Great economic recovery in low- and moderate-in- • In every county examined, black borrow- all of the factors lenders use to determine the Recession, according to a series of analyses come (LMI) neighborhoods and among white ers experienced larger declines in home pur- creditworthiness of the borrower. Also, each of Home Mortgage Disclosure Act (HMDA) borrowers and black borrowers, the research- chase rates than did white borrowers from household must evaluate whether it is better data by Federal Reserve Bank of Cleveland re- ers found that: 2005 to 2010. While home purchase rates off renting or buying.” Nelson said she and searchers Lisa Nelson and Matt Klesta. • Home mortgage loan application rates increased from 2010 to 2016 for both races, Klesta are highlighting mortgage patterns in Nelson and Klesta examined home lend- in LMI neighborhoods in the seven coun- the gains were lower among black borrowers the region’s major counties so that policymak- ing conditions within and across seven major ties plummeted as the Great Recession took when compared to their white counterparts. ers and regulators are aware of home lending counties in the Cleveland Fed’s region – Al- hold, and they remain well below prereces- The researchers note that the race disparity disparities and may use the data when exam- legheny, Pennsylvania (Pittsburgh); Cuyahoga, sion application rates. However, the rate of persists regardless of borrower income ining the effects of the Great Recession. 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 DEVELOPMENT NEWS JANUARY 2019 · TOLEDO BUSINESS JOURNAL · 13 EHOVE investing $12M+ in expansion

Erie Huron Ottawa Vocational Education board of education that as many local con- Childhood Center and Young Chef’s Inn; the students in these programs. It will also (EHOVE) Career Center, a public vocation- tractors work on the project as possible. We and advanced audio/visual technology in all allow us to expand our offerings in the cu- al school in Milan, is investing over $12 mil- have worked with our construction manag- instructional / training spaces. linary fi elds for both high school and adult lion to upgrade its facility. The project ener to pre-qualify local fi rms for all areas of The building, according to Jenkins, is students. Hospitality and tourism are an im- tails 37,050 square feet of new space being the project. This will be an investment for also being designed to the ENERGY STAR portant part of the local economy and the ex- added on to two buildings on the campus, our students as well as the surrounding com- standard. The effort to meet this standard panded facilities will help us meet the needs as well as renovating 16,400 square feet of munity as a whole.” includes using LED lighting and ENER- of area employers for a highly trained work- space of the existing space. force. We will also be able to expand our pro- Sharon Mastroianni, superintendent of grams available to sophomores, which will EHOVE, noted that EHOVE needs current allow them to start training for a career a and updated training spaces for its existing year earlier,” said Mastroianni. Career Center programs in a range of fi elds. “This is a great opportunity to support the In addition, there is an increase in enrollment northern Ohio workforce through the design district-wide for both high school and adult of an updated Career Center. The possible education, as well as additional space need- renovations and additions will provide addi- ed for expanded sophomore programs. tional programs to help keep talented people The project is expected to start construc- in the region,” said Dave Serra, principal at tion in March 2019 with planned completion The Collaborative. in July 2020. Mastroianni noted the project EHOVE serves high school students from will have multiple phases to not impact daily member districts across Erie, Huron, and Ot- operations and have “swing space” through- tawa Counties (16 member districts), as well out. The Collaborative, based in Toledo, is as adult learners across northern Ohio. The the architect for the project and Adena Cor- school currently has 875 high school students poration, based in Mansfi eld, is the construc- and 2,000-2,500 adult education students tion manager at risk. per year. Mastroianni noted that the enroll- When speaking of the project as a ment has been steadily increasing over the whole, David Jenkins, operations director Rendering of the EHOVE Career Center expansion project last several years as well. of EHOVE, said, “We are adding space on In total, EHOVE offers 23 programs to to two existing buildings and creating career Notable features being added to the facil- GY STAR rated electronics, using ener- its students, as well as offering college cred- and technical training labs for our culinary, ity include state-of-the-art career and tech- gy effi cient culinary equipment, and com- it. These programs include auto technology; early childhood, teacher academy, criminal nical training labs and related classrooms; bining HVAC systems in existing spaces business and marketing; career-based inter- justice, and fi re / EMT programs. We are various simulators including an ambulance with new areas to minimize additional util- vention; career exploration; auto collision also updating and renovating the existing rig and Force on Force trainer; use of nat- ity expenses. and refi nishing; computer network technol- media center, cafeteria kitchen, and student ural light in all areas; student collabora- “The expanded training labs will allow us ogy; construction technology; cosmetology; dining areas. It is important to the EHOVE tion spaces; enhanced security for the Early to enhance the educational environment for (…continued on page 24)

Gilmore Jasion Mahler is pleased to announce the following promotions:

Judy Anderson Matt Cavanagh Partner Partner Lathrop has been building the Toledo skyline for over 120 years. Healthcare Specialist Group Healthcare Specialist Group We are proud to once again partner with ProMedica on the major expansion at their ﬂagship facility, The Toledo Hospital - Generations of Care Patient Tower. Through the use of creative design, LEAN principles, BIM technology and innovative engineering and building techniques we are advancing healthcare construction.

A Promise Made is a Promise Delivered! 14 · TOLEDO BUSINESS JOURNAL · JANUARY 2019 DEVELOPMENT NEWS Imagination Station to add KeyBank Discovery Theater

In 2020, residents and visitors to To- National Geographic and NASA and supplemental curriculum guides; sci- “Science 2 Go” retail operations at street ledo will have access to a new downtown ◊ Live feeds from major national and in- ence, technology, engineering and math level. The theater will seat up to 300 peo- amenity. ternational events (STEM) and reading-focused professional ple and feature a 4K, 58 foot-wide, premium According to offi cials, Imagination Sta- • Fun with family and friends development for teachers; science festivals at large format screen with capability to project tion is adding a premium large format the- ◊ Video gaming tournaments TPS schools; and family nights at Imagina- nearly any kind of video and audio, includ- ater that will offer immersive experiences to ◊ Movie marathons featuring popular tion Station for families of third graders. ing traditional and 3D fi lms, presentations, engage people of all ages and interests. Pre- movie series Moviegoers will have the option to pur- television, and more. mium large format theaters offer signifi cant- ◊ Feature fi lm night for young adults chase a ticket for only the theater, only Imag- The theater adds to the redevelopment of ly larger screens, superior audio quality, and ◊ Seasonal family movie nights ination Station, or both. Thanks to KeyBank, downtown Toledo, noted offi cials, as large- plush, up-close seating. screen theaters attract families, young adults, KeyBank is the sponsor of the new proj- lifelong learners, school groups, travelers, ect and will hold naming rights. The theater and businesses. Imagination Station’s the- will be named KeyBank Discovery Theater, ater expansion will be the only one of its kind paying homage to the educational opportu- in the region, attracting visitors and giving nities presented in the theater. residents one more reason to experience To- “KeyBank is honored to support this ex- ledo’s downtown, its restaurants, and other citing addition to our community,” said Jim cultural assets. Hoffman, market president at KeyBank. “Our vision is a theater that will inspire “The KeyBank Discovery Theater will en- and infl uence everyone in our community gage people of all ages in an experience un- and powerfully impact economic growth in like any other in our area.” the Toledo area,” said Lori Hauser, CEO at According to offi cials, the theater will Imagination Station. feature 8-10 fi lms per year that span a va- No Imagination Station levy dollars will riety of topics, such as science, adventure, Rendering of Imagination Station’s planned KeyBank Discovery Theater be used for the development of this project. art, wildlife, nature, sports, geography, and Construction of the theater is possible due to more. In addition, Imagination Station will • Business and community uses Lucas County kids will receive half-price funding from the State of Ohio and a large host special events at KeyBank Discovery ◊ Public meetings theater admission on Saturdays with a paid number of private donors, most notably Key- Theater, such as: ◊ Product launches adult. KeyBank Discovery Theater will have Bank as the marquee donor. • Educational events for people of all ◊ Professional development events extended hours into the evenings. And, it will Local fi rms are managing the theater’s de- ages KeyBank, according to offi cials, is also be available for rentals by private parties. sign and construction. The Collaborative is ◊ Guest lectures combined with an im- making a gift to the science center to fund According to offi cials, the KeyBank Dis- handling architecture and design, while The mersive fi lm special access for local kids and third-grad- covery Theater will be a 10,000 square foot Lathrop Company will oversee construction. ◊ Live connections with the Space ers in the Toledo Public Schools (TPS) sys- addition and will change Imagination Sta- The project is expected to break ground in Center tem. This gift is expected to provide free fi eld tion’s Summit Street façade. The facility the second quarter of 2019, and the theater ◊ Educational fi lms from sources such as trips to the theater for third-grade students will feature space for the science center’s is expected to open in 2020. JANUARY 2019 · TOLEDO BUSINESS JOURNAL · 15 Eidi Properties acquires Crossroads Centre and Rossford Pointe

Eidi Properties has acquired Crossroads in only 24 days. Retail Development and Rossford Pointe Re- The company’s CEO, Ramy Eidi, said, tail Development located along a signifi cant “We were able to complete this transaction growth corridor in northwest Ohio. in an impressively short time due to the great Crossroads Centre is a 470,225 square banking relationships we’ve developed over foot power center consisting of retail space – the years – as well as the amazing and ded- including fi ve separate shopping centers and icated team at Eidi Properties.” ARTIFICIAL INTELLIGENCE NETWORKING Online Courses Owens Community • Artifi cial Intelligence College Certifi cation Courses • Network and Information • Machine Learning Certifi cation Systems Courses • Wide Area Networking CLOUD Technology Online Courses Rhodes State College • Cloud Azure • Network Security • Cloud Computing Certifi cation Terra State Community Courses Crossroads Centre in Rossford College COMPUTER SYSTEMS & • Systems and Networking a Home Depot. Eidi Properties simultane- These transactions increase Eidi Prop- SOFTWARE Support Degree ously acquired Rossford Pointe, comprised erties holdings to 40 shopping centers with of 47,477 square feet of retail space along the over 400 commercial tenants; Eidi Proper- Penta Career Center NETWORKING Route 20 Corridor in Rossford. Combined, ties portfolio now totals in excess of 1.5 mil- • Microsoft Offi ce TECHNICIAN the properties make up more than 500,000 lion square feet of prime retail space. • Adobe Software CERTIFICATE square feet of retail space. Eidi Properties is a privately held com- Online courses Both shopping centers are located near pany owned by a local Toledo family. Estab- Terra State Community the highly traveled intersection of I-75 and lished in 1998 and headquartered in Toledo, College • Network Fundamentals Bundle US Highway 20. The two developments to- according to the company, Eidi Properties • Computer Information Systems • Network Infrastructure Bundle tal 33 tenant-occupied businesses as well always strives to create a good tenant mix in Degree PROGRAMMING as several out-parcels available for develop- the company’s plazas as well as to maximize • Personal Computer Technician ment, noted offi cials. the plaza synergy for the benefi t of all retail- Certifi cate Aktion Associates, Inc. Eidi Properties quickly recognized the ers within the shopping centers. The compa- • Sage 100 Contractor CYBERSECURITY opportunities available with these proper- ny specializes in commercial real estate ac- Owens Community ties and moved quickly to acquire the devel- quisitions and they manage its own proper- Rhodes State College opments, according to offi cials. Eidi Prop- ties, with the vast majority of their portfolio College erties was able to complete the acquisition consisting of retail shopping centers. • Cyber Security Certifi cate • Computer Programming • Online courses Technology • Cybersecurity Specialist Bundle • CISCO Academy Certifi cate Camp Invention sets DATABASE Rhodes State College Owens Community • Web Programming/Computer College Programming curriculum for 2019 • Database Management & Online Courses Administration • DevOps Certifi cation Courses Non-profi t program promotes STEM learning Penta Career Center • Python Certifi cation Training • Microsoft Access for Data Camp Invention®, a nationwide non- technology, engineering, and mathematics • Tableau Training & Certifi cation profi t summer program, introduces young (STEM) learning; builds resourcefulness Online Courses innovators to invention and prototyping in and problem-solving skills; and encourag- • Database SQL Server PROJECT MANAGEMENT a way designed to make them relatable and es entrepreneurship. • Oracle Database Bundle Online Courses fun. In the recently announced 2019 pro- Each year, the program features a new • Project Management Agile gram, campers will learn ocean navigation curriculum inspired by some of the nation’s DIGITAL MEDIA and survival skills on a remote island, con- greatest inventors – the National Inventors Penta Career Center ROBOTICS duct mock DNA tests on farm animals, and Hall of Fame (NIHF) inductees. For 2019, • Web Design Online Courses learn to protect their own ideas and pat- the Supercharged™ curriculum features ents. And at the end of the program, each video challenges from these inductees en- • Robotic Process Automation Rhodes State College Certifi cation Courses camper will bring home two robots, not- couraging children to be confi dent in their • Digital Media Technology ed offi cials. ideas and explore their ability to innovate. Terra State Community According to offi cials, Camp Invention, The hands-on modules include: Terra State Community College a program of the National Inventors Hall • Innovation Force®: Campers team up College • Robotics / Integrated of Fame (NIHF) in partnership with the with the Innovation Force (NIHF inductees • Interactive Media Manufacturing United States Patent and Trademark Of- who have been transformed into superhe- fi ce, provides a unique experience for chil- roes) to battle the evil Plagiarizer, a super- dren to learn about the importance of in- villain who is out to steal the world’s great- View online at: tellectual property while exploring, creat- est ideas. As children create a device to re- ing, and designing. Using hands-on activ- trieve the stolen ideas, they learn about the toledobiz.com/it-training.html ities, Camp Invention promotes science, (…continued on page 24) 16 · Toledo Business Journal · January 2019 Area Accountants Listed by Number of Local Employees

# Local Year Top Local Offi cer Services Provided Industry Specialties Employees Founded Gilmore Jasion Mahler, LTD Kevin M. Gilmore, CPA, CVA, Assurance; Bus. Advisory; Healthcare Mgt; Risk Advisory; Tax; Bus. Valuation; Outsourced Accounting; Manufacturing & Distribution; Healthcare; 1715 Indian Wood Cir, Ste 100 · Maumee 118 1996 Managing Partner 551 Lake Cascades Pkwy. · Findlay IT Security Assessment/Consulting/Implementation; Private Equity Advisory; Succession Planning Construction; Real Estate; Utilities William Vaughan Company* Aaron D. Swiggum, CPA, PFS, CFE, Assurance & Accounting; Tax Planning & Prep; Bus. Valuation & Litigation Support; Mgt Consulting; Manufacturing & Distribution; Construction; Healthcare; 145 Chesterfi eld Ln · Maumee 93 1959 Managing Partner 348 E Riverview Ave · Napoleon Fraud Exam/Prevention; Wealth Mgt; Cloud Outsourcing Accounting; Cost Segregation Professional Services; Restaurant/Hospitality Advisory & Tax Services; Assurance & Financial Reporting Services; Accounting & Business Solutions; Manufacturing & Distribution; Construction & Real Estate; Rehmann Mark Walla, CPA, CGMA, MT, Technology Solutions; Human Capital Management Solutions; Wealth Management; Higher Education; Not-for-Profi t; Government; Healthcare; Dealerships; 64 1941 7124 W Central Ave · Toledo Offi ce Managing Principal Retirement Planning Consulting; Corporate Investigative Consulting; Business Valuation Consulting; Franchise; Agribusiness; Financial Institutions; Private Equity; Litigation Consulting & Turnaround; Restructuring & Insolvency Consulting Private Households Shultz Huber & Associates, Inc. Tyson Stuckey, CPA, Accounting; Auditing; Tax Planning & Prep; Estate Planning; Bus. Valuation; Construction; Farming; Telecommunications; 60 1969 101 Clinton St, Ste 2000 · Defi ance Managing Partner Payroll Processing & HR Consulting; Tech Consulting; Forensic Accounting Manufacturing; Medical; Non-Profi t; Service; Utilities

PwC Scott Schueller, Offi ce Managing Industrial; Automotive; Manufacturing; Healthcare; Real Estate; 55 1890 Audit; Assurance Service; Accounting Advisory; Transaction Advisory; Valuation 406 Washington St, Ste 200 · Toledo Partner & Assurance Partner Consumer Products; Retail; Energy; Automotive Plante & Moran, PLLC Yvonne McNulty, Manufacturing & Distribution; Private Equity; Franchise; Food & Beverage; 50 1924 Audit; Tax; Consulting; Wealth Mgt 3434 Granite Cir · Toledo Offi ce Managing Partner Real Estate & Construction; Financial Institutions; Healthcare EY- Ernst & Young, LLP Jonathan Mick, Assurance Service; Accounting Advisory; Risk Advisory; Tax; Tax Compliance; Industrial; Consumer Products; Construction; Real Estate; 48 1918 One SeaGate, Ste 2510 · Toledo Offi ce Managing Partner Tax Consulting; Transaction Advisory; Valuation Healthcare; Public Sector; Automotive

Weber Clark Ltd. James F. Weber, CPA, Compilation, Review & Audits; Bus. & Individual Tax Planning, Compliance; Strategy; Manufacturing; Construction; Transportation & Logistics; 46 1985 5580 Monroe St · Sylvania Managing Member Bus. & Individual Consulting Services; Software Support Including QuickBooks Real Estate; Employee Benefi t Plans; Non-Profi t Payne Nickles & Company Michael K. Miller, Jr., CPA, CVA, Bus. Advisory; Estate & Succession Planning; Valuations; Litigation; Receivership & Fraud Support; Agribusiness; Non-Profi t; Manufacturing; 257 Benedict Ave, Bldg D · Norwalk 42 1980 Managing Partner 422 W Market St · Sandusky Tax Return Prep; Fiduciary Estate & Trust Svcs; Financial Reporting; Bookkeeping & Payroll Restaurants & Hospitality; Construction Clark Schaefer Hackett Lee D. Wunschel, CPA, ACA Assurance; Tax Plan/Compliance; Audit & Accounting; Bus. Valuation & Consulting; Emp Employee Benefi ts; Aff ord Housing; Dealership; Franchises/Financial; Inst; 30 1938 3166 N Republic Blvd · Toledo Shareholder in Charge Benefi ts; Exec Assignment Group; Forensic & Litigation Support; Internat’l Bus. Svc; State & Local Svc Government; Healthcare; Higher Ed; Manufacturing & Distribution

CliftonLarsonAllen, LLP Todd Deindoerfer, CPA, Private Sector; Public Sector; Healthcare; Financial Institution; Professional 30 1956 Assurance; Tax; Consulting; Outsourcing; Wealth Mgt One Seagate, Ste 2650 · Toledo Managing Principal Services; Aff ordable/HUD Housing; Craft Breweries; Franchisors; Insurance

Mosley, Pfundt, Glick, & O’Brien, Inc. Larry D. Mosley, CPA, Construction; Manufacturing; Valuations for Litigation Support; 28 2008 Tax Planning & Prep; Bookkeeping & Accounting Svcs; Bus. Valuation; Litigation Support 6455 Wheatstone Ct · Maumee President Small Business

…continued on page 17

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Maumee • Findlay 105 Stryker Street 126 East High Street 101 Clinton Street 1027 East Spring Street 595 Fox Road Archbold, Ohio 43502 Bryan, Ohio 43506 'HÀDQFH2KLR St. Marys, Ohio 45885 Van Wert, Ohio 45891 GJMLTD.COM 419-445-2000 419-636-8000 419-782-2000 419-394-2394 419-238-2000 FINANCE & BANKING JANUARY 2019 · TOLEDO BUSINESS JOURNAL · 17

Area Accountants …continued from page 16 # Local Year Top Local Offi cer Services Provided Industry Specialties Employees Founded

Mira + Kolena, Ltd. Thomas E. Kolena, CPA, ABV, CFF, Tax Prep & Consulting; Audit & Accounting; Consulting Svcs including Tax Planning, Valuation, Manufacturing; Distribution; Service; Retail; 25 1996 4841 Monroe St #350 · Toledo Managing Member Forensic Accounting; CFO Services; QuickBooks Assistance; Litigation Support Construction; Medical; Non-Profi t; Employee Benefi t Plans Knueven Schroeder & Co Audit, Review, & Compiled or Presented Financial Statements For Business, Non-Profi ts or Qualifi ed 17 1984 N/A N/A 1035 N Main St · Findlay Plans; Bookkeeping, Payroll Prep & All Business or Personal Tax Prep E.S. Evans and Company Dan F. Cliff ord, Audit; Review; Compilation; Payroll; Business Consultation; QuickBooks Consulting; 15 1925 Financial Institutions; Physicians; Small to Medium Businesses 205 W Elm St · Lima Managing Partner Tax Planning & Preparation

Buckenmeyer & King, CPAs James J. King, CPA, CVA, AEP, Reviews; Compilation; Audits; Individual & Bus. Taxes; Business Valuation; Merger & Acquisitions; Small to Medium Businesses; Various Industries including 12 1927 3306 Executive Pkwy, Ste 200 · Toledo President Succession & Estate Planning; Debt & Financial Consulting; QuickBooks Consulting Trucking, Wholesale, Propane, Non-Profi t

Robert Apling & Associates, LLC Robert Apling, CPA, Manufacturing; Construction; Healthcare; 11 1993 Review; Compilations; Business & Individual Taxes; QuickBooks Consulting 2155 Oak Harbor Rd · Fremont Managing Member Restaurants; Retail; Agribusiness Rayner, Foos, Kruse & Irwin, CPA’s Sam Rayner, Full Service Accounting Firm; Tax; Accounting & Auditing; Consulting; 10 1993 Construction; Employee Benefi t Plan Audits; Business Valuations 6465 Wheatstone Ct, Bldg B · Maumee President Valuations; Forensic Accounting; Bookkeeping VZN Group, LLC Linda A. Velandra, Accounting; Review & Compilation Services; Business Valuations; Consulting; Professional Services; Small to Medium Business; 10 1980 5900 Renaissance Pl · Toledo Managing Member Individual, Business, Trust & Estate Tax Prep & Planning Construction; Trucking; Farming

Alexander & Associates Lynn Dickey, CPA, 91950 Accounting; Bookkeeping; Payroll; Tax Services; Compilations Small Businesses; Individuals 3150 N Republic Blvd, Ste 7 · Toledo President Bock, Korsnack & Hinds, Inc. Robert Korsnack, 91969 Review; Compilation; Accounting; Business & Individual Tax; Payroll; QuickBooks Pro Advisor Manufacturing; Real Estate; Distribution 1607 Holland Rd · Maumee Partner

Padgett Business Services Tom Friedel, CPA, Accounting; Financial Reporting; Full Service Payroll Processing; Bus. & Personal Income Tax Prep; Small to Medium Sized; Owner-Operated; Business in the Service & Retail 91981 135 Chesterfi eld Ln, Ste 205 · Maumee Owner Tax Planning & Resolution; Bookkeeping; Bus. Advice Industries; Individuals; Sole Proprietors; Contractors; 1099 Recipients

Aschliman & Co, CPA’s Bob Aschliman, CPA, Accounting; Review & Compilations; Individual & Bus. Tax Planning & Prep; Payroll Processing; Agribusiness & Farming; Manufacturing; Construction; Trucking; 81980 201 Ditto St · Archbold President Succession Planning; QuickBooks ProAdvisor; Bus. Advisors Distributors; Small to Medium Sized Businesses

Knapp & Associates, LLC Darlene R. Knapp, CPA, QuickBooks Consulting; Individual & Small Business Taxation & Planning; 82009 Construction Trades; Restaurants; Professional Services 2727 N Holland-Sylvania, Ste J · Toledo Member/CPA Bookkeeping & Cash Flow Mgt

Luderman & Konst, Inc. James Rensi, CPA, Audit; Compilation & Review; Individual & Bus. Income Tax Consulting, Planning & Prep; Non-Profi t Auditing; Agriculture; Small Manufacturers; 81977 317 Jeff erson Ave · Defi ance President Payroll Processing; QuickBooks Consulting; General Bus. Consultation QuickBooks; Restaurant & Retail Advanced Accounting Tax & Financial Services, LLC Shanyn Stewart, Strategic Proactive Tax Planning; Full Service Accounting; Tax Prep & Compliance; Real Estate Investors; Cryptocurrency; 71996 8336 Monroe Rd, Ste 101 · Lambertville, MI President Concierge CFO Services; Tax Resolution Businesses Under $5 million of Revenue

…continued on page 18 Coalition …Continued from page 7 falls below the pharmacy’s wholesale costs. CBS The law also created an appeals process What can do for you? for pharmacies to challenge these reimbursement rates. The law was challenged Local credit union cooperative working to fund Commercial Loans. by the Pharmaceutical Care Management Association (PCMA), which argued that the Employee Retirement Income Securi- ty Act (ERISA) prevents the State of Ar- Your trusted partner for kansas from implementing the law. Arkan- sas has asked the Supreme Court to hear local ﬁnancing and banking the case. services for business owners, The attorneys general argue in the recent ﬁ ling that State laws regulating PBMs employees, and their families. are not restricted by federal law. Regulation is critical to the States’ ability to improve the transparency of prescription drug mar- ketplaces and to protect consumers’ access to affordable prescription drugs, especially those in underserved, rural, and isolat- ed communities. In addition, the attorneys general assert that the regulation of PBMs promotes healthcare access and affordability, taking away a State’s ability to regulate would create confusion and uncertainty in the market and harm patients. DeWine joined the California Attorney General and attorneys general from Colo- rado, Connecticut, Delaware, Georgia, Ha- John M. Skeldon Joe Bajas waii, Idaho, Indiana, Iowa, Kansas, Ken- Executive Vice President Assistant Vice President tucky, Louisiana, Maine, Maryland, Mas- Business Development sachusetts, Minnesota, Montana, Nebras- 419.246.3230 ka, Nevada, New Jersey, New Mexico, New York, North Carolina, Oklahoma, Oregon, Texas, Utah, Vermont, Virginia, Washing- ton, Wyoming, and the District of Colum- bia in submitting this amicus brief. 18 · Toledo Business Journal · January 2019

Area Accountants …continued from page 17 # Local Year Top Local Offi cer Services Provided Industry Specialties Employees Founded

Toledocpas.com Tom Baird, CPA, Accounting; Bus. & Personal Tax Prep & Planning; Full Service Payroll Processing; 61998 Hospitality; Medical; Investment Real Estate 1811 N Reynolds Rd, Ste 201 · Toledo President QuickBooks ProAdvisor Consulting & Training; QuickBooks Online Accounting & Training Tessera Associates PC Ted Meiers Sr. CPA, EA; Accounting; Bookkeeping; Payroll; Bus. & Personal Tax Planning & Prep; Serving Small to Medium-Size Businesses (Up to $15M Annual Revenues); 32002 3237 W Sylvania Ave, Ste 200 · Toledo Ted Meiers, Jr. EA Representation Before Taxing Authorities Non-Profi ts Published 01-19; List includes only those Accountants that responded by deadline; N/A = Not Applicable; * William Vaughan Company and Davenport, Hanf & Company merged eff ective November 1, 2018 Report: Experiences of nonemployer small businesses

The Federal Reserve Banks of Cleve- so it’s critical to determine whether self- A net 50% of larger-revenue fi rms were prof- smaller-revenue applicants land, New York, and Richmond issued the employment is working for them,” said itable, compared to a net -8% of smaller-rev- Financial Challenges and 2018 Small Business Credit Survey Report Claire Kramer Mills, assistant vice presi- enue fi rms (meaning that 8% more smaller- Reliance on Personal Finances on Nonemployer Firms, which examines the dent at the New York Fed. “Some segments revenue fi rms had losses than had profi ts) • Nonemployer fi rms cited paying oper- business conditions and the credit environ- of these fi rms – especially those planning • Nonemployers overall have positive ex- ating expenses (32%) and accessing credit ment of small businesses with no employees to hire employees in the future – are more pectations for future revenue and employ- (27%) as their top fi nancial challenges other than the business’s owners. The report prone to face fi nancial challenges and may ment growth (a net 62% and 28%, respective- • 74% of nonemployer fi rms with fi nan- is based on the Small Business Credit Sur- have unmet funding needs. These obstacles ly). Smaller-revenue nonemployers are some- cial challenges used personal funds to ad- vey (SBCS) that was fi elded in 2017. Nonem- may limit their near- or longer-term growth what more optimistic about their future rev- dress the challenges ployer fi rms can include gig workers, start- prospects.” enue growth than larger-revenue fi rms • Personal guarantees (39%) and person- ups that are planning to hire employees, and A key feature of this report is a deep-dive Financing Demand, Approvals, al assets (26%) were the most frequently- mature businesses that rely on contract work- into fi ve different categories of nonemployer and Sources used collateral for acquiring debt, and 65% ers as their workforce, among others. fi rms based on the nature of their work. This • Only 25% of nonemployer fi rms applied of credit card holders use a personal credit According to the report, nonemployer includes “supplemental work” where the for fi nancing. Of those that did not apply, card for business fi nancing fi rms make up about 80% of all small busi- business is not the owner’s primary source 39% reported they have suffi cient fi nancing, Nature of Work nesses and employ 17% of the American of income, as well as contract work. and 31% were averse to taking on debt Nonemployer fi rms differ greatly in the workforce, yet little is known about their fi - Key fi ndings include: • Among nonemployer applicants, 34% nature of their work. nancing experiences. The report address- Performance and Expectations were approved for the full amount of fi nanc- • Potential employers – nonemployers es this knowledge gap by providing a deep- • Nonemployer fi rms are small: 71% have ing sought. Two-thirds reported funding that plan to add employees in the next 12 er understanding of the unique characteris- $100,000 or less in annual revenue shortfalls, or receiving less than the amount months – are more likely than the others to tics of nonemployer fi rms and the challeng- • A net 8% of nonemployer fi rms were they applied for seek fi nancing, and often report they sought es they face. profi table, driven mainly by very high prof- • Larger-revenue applicants were more funding to expand their business. “Nonemployer fi rms are an important itability among larger-revenue fi rms (fi rms likely to apply for loans or lines of credit at • Of all nonemployers, potential employers source of income for many individuals, with more than $100,000 in annual revenue). large banks and small banks compared to (…continued on page 20) Better Not Just a Banker... Mind Accounting. Your Business Partner Your Consulting. Serving the Northwest Ohio Market Tax Services. Business. Business Valuation.

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Mira + Kolena Redefi nes “Full-Service” Accounting Our Services… • Audit • Business Planning / In today’s increasingly complex business • Reviews & Compilations Forecasts environment, the role of the independent • Employee Benefi t Plan • Risk & Controls certifi ed public accounting fi rm is being • Tax Compliance • Cost Segregation redefi ned. At Mira + Kolena, we serve • Tax Planning • Mergers & Acquistions the accounting needs of businesses and 0iFhael Rywalski 0iFhael SFhnitke\ Doug Shaw JeII ShraGer • State & Local Taxes • Litigation Services individuals of all sizes, with expertise in a Commercial Banker Agricultural Banker Commercial Banker Commercial Banker variety of industries. • Estate / Gift Tax • Forensic & Investigative Bowling Green 2IÀFe NaSoleon 2IÀFe :auseon 2IÀFe FinGlay 2IÀFe We provide our clients peace of mind, and Compliance & Planning Accounting as their trusted advisor, we enable them to • Business Valuation • Service Businesses better infl uence and optimize their wealth. 800.451.7843 To learn more about our services, please contact Tom Kolena Imbank.Fom at 419-474-5020 or visit www.mirakolena.com Member FDIC FINANCE & BANKING JANUARY 2019 · TOLEDO BUSINESS JOURNAL · 19 BUSINESS TAX ADVISOR Uncovering the hidden gem of OZs

more than $6 trillion currently sitting in unrealized achieved. The third benefi t is really the kicker. It al- capital gains, the Secretary of the Treasury estimates lows investors an increase in their basis in the invest- the provision should lead to more than $100 billion ment up to its fair market value the date it’s sold or in capital investment in low-income areas. In addi- exchanged, thereby eliminating all post acquisition tion, President Trump signed an executive order on gains once a 10-year hold is achieved. December 12th to create the White House Opportu- To qualify for the incentive, investors must con- nity and Revitalization Council, which will be led by tribute the amount of cash equal to the capital gain Ben Carson, the Housing and Urban Development they wish to defer into a QOF within 180 days of the Secretary. gain being recognized. To avoid incurring penalties, Tara Bollinger, CPA, CMA, CGMA, Principal and The advantages of OZs for investors can be cate- QOFs will need to maintain at least 90% of their as- Justin Vanderglas, CPA, Manager gorized into three distinct incentives. First, investors sets in qualifi ed Opportunity Zone property, which can temporarily defer their current capital gains by …continued on page 26 Many individuals are currently working with their putting money to work in designated areas through fi nancial and tax advisors to deploy year-end strate- investment vehicles known as Qualifi ed Opportuni- gies to keep more of their money in their own pock- ty Funds (QOFs). This temporary gain deferral will last Sponsored by ets. Unfortunately, several of the traditional planning until the earlier of the date the QOF investment is ideas are no longer available due to changes within sold or exchanged or December 31, 2026. Second, an the Tax Cuts and Jobs Act (TCJA). Luckily for us, there investor is awarded a step-up in basis in their origi- are some new tools in the toolbox, one of which is nally deferred gain once the QOF has achieved spec- known as Opportunity Zones. ifi ed holding periods. Once a 5-year hold is reached, Opportunity Zones (OZs) were a hidden gem 10% of the originally deferred gain vanishes, and an buried in what became the largest tax overhaul in additional 5% is permanently excluded at the 7-year more than 30 years, but since the proposed regu- mark. Said another way, a $1 million gain properly in- lations outlining the rules were released in October vested in a QOF will result in the taxpayer ultimate- of this year, the secret has started getting out. With ly only paying tax on $850,000 after a 7-year hold is

All content provided in this article is for informational purposes only. Matters discussed in this article are subject to change. 419-841-2848 For up-to-date information on this subject please contact a Clark Schaefer Hackett professional. Clark Schaefer Hackett will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article. www.cshco.com

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Learn more at cshco.com 20 · TOLEDO BUSINESS JOURNAL · JANUARY 2019 FINANCE & BANKING CAI planning new Defi ance headquarters Nonemployer …Continued from page 18 Credit Adjustments, Inc. (CAI), a faith- Road intersection. According to CAI, the project has purpose – from the location, to based call center and receivables manage- modern, two-story workplace will include the name of our Boulevard, to what our cur- are most likely to have potentially un- ment company, is planning a new 32,000 an atrium and training and collaboration rent location will be used for after we move met funding needs. More than half of square foot headquarters in Defi ance. spaces. The building will be unique among to our new headquarters.” these nonemployers either were not “We founded our company in Defi ance call centers, with large windows that offer Since its inception in 1977, CAI has been funded for the full amount needed, or more than 40 years ago,” said CAI chairman views of nearby wooded areas and make located at 330 Florence Street in Richland chose not to apply even though they may of the board, Michael Osborne. “Our com- the most of natural light. Giles noted that Township. When CAI moves into its new have needed funds. Only one-quarter of munity supports us, and we strive to support while it’s still early in the building design, headquarters after the project is complete all potential employers have had their them. As we continue to drive our business CAI is planning on designing the building in 2020, it will be within the City limits, funding needs met, compared to more bringing jobs to the community and growth than 40% for all other nonemployers for the City, noted CAI. Its former location • Supplemental work fi rms – where will be used by the Defi ance Dream Center, the business is not the owner’s primary a volunteer-driven non-profi t organization source of income and the owner has no that helps individuals realize their dream plans to hire employees – are the least of reaching their full potential and leading likely to apply for fi nancing, but those a self-suffi cient life. that do apply have the highest rate of “Also, as we expand our space, we will success out of all nonemployer seg- be adding approximately 100 new jobs to ments, despite only one-third reporting Defi ance,” said Giles. that they are profi table CAI has over 385 staff with offi ces in • In contrast, later-stage potential Defi ance and Toledo and Manchester, New employers – that have been in business Rendering of CAI’s new Defi ance headquarters Hampshire, and subcontractors across the more than two years that plan to add em- United States. ployees in the next 12 months – have the forward on a national level, we wanted to with energy effi cient glass and HVAC sys- “We attribute our growth and success to highest application rate but the lowest fi rmly plant our corporate headquarters in tem, and the building will exceed ASHRAE the passion and visionary leadership team rate of successfully securing funds Defi ance – our home.” 90.1 standards. we have at CAI. When God presents us with Hunter Giles, manager, branding and “But we aren’t stopping there,” Osborne opportunities, we listen and follow His guid- the more we can reinvest in our community communications for CAI, said, “The driving continued. “Our new location is perfectly ance. This has led our company to valuable and employees.” force for our new corporate headquarters is placed behind Kaitlyn’s Cottage, an orga- partnerships within the communities we op- Leading the construction team are Beil- growth. We’re growing on a national level nization that we love and support. We hope erate in and has given us the ability to cre- harz Architects and Rudolph Libbe Inc., and as we grow, we want to help our commu- to create handicap accessible walking and ate positive lasting change,” said Giles. “We of the Rudolph Libbe Group, the construc- nity and team members grow with us.” hiking trails in that area for everyone to en- strive to change lives for the better in our tion manager. In spring 2019, construction will begin joy. It’s a way for our community to con- communities and with the individuals we “This project would not be possible with- on CAI’s new headquarters and call cen- nect even more.” serve. That is our driving force that keeps out our partnerships and community sup- ter on Geneva Boulevard near the Latchaw Giles added, “Everything about this us going, and the larger our company grows, port,” concluded Giles. Guidance for 166 ODSA and 504 SBA loans

In a recent interview with Toledo Business Jour- a startup or an existing business, we’re still going to they’ve been in business at least two years and they nal, Laurie Cantrell, fi nancing programs manager for have questions. We really need to know, ‘What are the cash fl ow – the SBA won’t strictly turn them down for the Toledo-Lucas County Port Authority, offered project costs? When are you looking to expand your a shortfall of collateral like a bank would. So in the insight and advice for small businessesesses business?busi Does it make sense to do that? Are event that someone’s got a little bit of a shortfall, we looking to obtain fi nancing throughh youy going to be able to cash fl ow once will fi rst look to see if there’s any additional collater- a 166 ODSA or 504 SBA loan. you take on this additional debt? Is al. Maybe they’ve got equity in their house, or may- BUSINESS PLAN your revenue going to cover what this be they’ve got some equipment that’s free and clear, Cantrell began explain- new debt is? Etc.’ That’s all part of a etc. So we will try to make up that shortfall of col- ing the importance of a busi- business plan and it’s really more in lateral. If we can’t and the loan still makes sense – ness plan for startup and ex- depth if you’re a startup company,” it’s good for the business, they cash fl ow, they’ve got isting companies, as it lays out said Cantrell. strong fi nancials, etc. – we’ll still do it with a short- the foundation of the business and FINANCIAL STATEMENTS / fall of collateral. Laurie Cantrell, fi nancing programs manager, why fi nancing is the right decisionn TAX RETURNS GUIDANCE TO SMALL BUSINESSES Toledo-Lucas County Port Authority for both the business and an areaa When discussing the impor- Cantrell also offered general advice to any busi- lender. tance of fi nancial statements / tax ness looking for fi nancing. She noted that it starts really good at what they do. They’re small business “It’s very important – espe- returns, Cantrell noted that the with the business plan, but also to check on the own- but they’re not as adept at making sure their credit cially for a startup business – latter is more important in the fi - er’s credit score and to make sure everything is cur- is current. So I recommend they get a copy of their to have a good business plan. nancing process, although the rently paid, having a personal fi nance statement, and credit report and take a look at it because I can’t tell They have to know who their forformerm is nice to have. to have an interim bookkeeping system. you how many times the credit report comes in and competitors are, who their mar- “We usually go back three years for fi nan- “So fi rst and foremost, have a business plan there’s things on there that they weren’t even aware ket is going to be, what the cost is cial statements, but they don’t have to be audited be- and if not, know where to get help with the business going to be to start up their business, cause we require tax returns, so it’s really more im- plan. Secondly, a lot of small business owners are …CONTINUED ON PAGE 26 and what the costs are going to be for the ongoing portant to have those. Some small businesses don’t business. They’re going to have to have probably at really have fi nancial statements other than internal Sponsored By: least three years of projections going forward so that ones, so it’s not as important as long as we have their they can make sure that they’re going to cash fl ow so tax returns. That’s really what the SBA and the State that they can cover the debt. So all of that should be key in on for the 166 ODSA loan,” said Cantrell. included in the business plan,” said Cantrell. COLLATERAL “We always try to help the borrowers whenever we Cantrell noted that there are collateral require- can. If it’s a startup and they don’t even know where ments for the 166 ODSA and 504 SBA loan. to start – they just have an idea – we will usually re- Cantrell explained, “Any type of loan that we do, fer them to the Small Business Development Center there are collateral requirements. However, the SBA (SBDC) at the Chamber to help with a business plan will not turn someone down strictly from a shortfall 877-867-4218 419-243-8251 because that’s really the fi rst start. No matter if you’re of collateral, so if the loan makes sense – could be if YourStateBank.com toledoport.org FINANCE & BANKING JANUARY 2019 · TOLEDO BUSINESS JOURNAL · 21 Institutions fund $10,000 in Pay it Forward ideas

First Federal Bank and First Insurance were worthy, we recognized the unique im- more reading • Austin will Pay It Forward by improv- Group celebrated its fourth annual Pay it pact that these projects could bring and are • Dawn will Pay It Forward by providing ing a physical therapy center to offer a free Forward Day by performing nearly 700 ran- delighted to provide the opportunity for oth- lap blankets to people living in local nursing community fi tness center to local senior cit- dom acts of kindness and providing $10,000 ers to make a difference,” said Hileman. “As homes in Defi ance County. This grant will izens in the Arlington, Ohio area in funding for crowd-sourced projects aimed a community bank and agency, we will con- help Dawn continue the project her family • Dottie will Pay It Forward by purchas- to spread kindness to others. tinue to fi nd ways to make the places we live began two years ago of delivering gifts during school supply kits for low income Syl- “Pay it Forward Day is a treasured tradi- and work a little brighter with even the small- ing the holidays and visiting with her dog to vania school district residents tion for our organizations,” said Donald P. est acts of kindness.” brighten spirits with elderly residents • Donielle will Pay It Forward by provid- Hileman, president and CEO of First Feder- First Federal Bank will post updates to • Madaline will Pay It Forward by creating free baseball equipment to children to al Bank. “It gives our employees an opportu- its Facebook page and website for the Pay it ing welcome baskets full of essentials and help defray the costs of playing in the Sox nity to live out our ‘Better Together’ philos- Forward ideas and how each of the funded toys for families who stay in shelters at the Youth Baseball Team in Toledo ophy while empowering others in our com- projects is progressing. Housing Help of Lenawee in Michigan. • Jennifer will Pay it Forward by purchas- munity to do the same.” The following projects will receive • Chris will Pay It Forward by helping Li- ing supplies to expand Real Men READ-y According to offi cials, a “Pay It Forward” funding: ma’s Samaritan House purchase supplies to program, a reading program that pairs male is a random act of kindness that spurs oth- • Quincy of Fort Wayne will Pay It For- continue to provide over 15,000 meals per African American professionals with Afri- ers to continue the cycle of giving. After re- ward by providing fi nancial literacy classes year to homeless women and children that can American boys in grades K-1, in an ef- ceiving over 200 submissions, First Federal to youth through LifeWay Bible Fellowship reside at the shelter fort to improve literacy and build relation- Bank and First Insurance Group selected a • The Wauseon Library will Pay It For- • Kathy of Delphos will Pay It Forward ships in Toledo variety of projects to fund. A complete list of ward by providing the Noah’s Ark Work- by purchasing lifelike dolls and pets for pa- • De’Angelo will Pay it Forward by pur- funded projects can be found at www.First- shop to children attending literacy classes. tients from nursing homes suffering with De- chasing a camera and printing services for Fed.com/Pay-it-Forward. The children will have the opportunity to mentia and Alzheimer’s. This form of thera- the youth development program at the City “We were overwhelmed with the thought- create a stuffed character from one of the py has been proven benefi cial and will help of Refuges Ministries International in Adri- fulness of each submission. While all ideas books to bring the story to life and encourage bring joy and comfort an, Michigan Ohio in multistate consumer protection settlement

A multistate consumer protection settle- The settlement, which includes Ohio, 41 to offi cials. Among its terms, the settlement requires ment has been reached with one of the na- other states, and the District of Columbia, re- “The goal of this settlement is to protect Midland to: tion’s largest debt buyers – Encore Capital solves an investigation into claims that Mid- consumers,” outgoing Ohio Attorney Gener- • Verify information in affi davits Group and its subsidiaries Midland Fund- land had signed and fi led affi davits in State al Mike DeWine said. “It requires Midland • Present accurate documents in court ing and Midland Credit Management – to courts in large volumes without verifying to take a number of specifi c steps to verify proceedings require the company to reform its debt buy- the information printed in them, a practice debt before trying to collect from consum- • Have account documents about a debt ing and collection practices. commonly called robo-signing, according ers or fi ling lawsuits against them.” (…continued on page 23)

Show Our Readers How Your Firm Can Help Them Deal With the Financing Needs of Their Businesses and the Challenges of Tax Season in Finance & Tax

Coming Next Month in For Advertising Info: 419.865.0972 Space Reservation: 01.18.19 22 · Toledo Business Journal · January 2019

KDG recognized for Berdan Building rehabilitation

Detroit-based Kraemer Design Group, with 115 apartments on the second through PLC (KDG) – a high-end architecture, in- fi fth fl oors, a ground fl oor tenant parking terior design, and creative fi rm – received garage, corner retail space, and a roof- recognition from the Ohio History Con- top deck overlooking the city and the To- nection’s State Historic Preservation Offi ce ledo Mud Hens’ Fifth Third Field across with a Preservation Merit Award for the re- the street. habilitation of the Berdan Building, located As part of KDG’s role as architect, de- at 601 Washington Street in Toledo. KDG signer, and historic consultant, the team was honored alongside developers Karp & secured $11,524,300 in historic tax cred- Associates, Prater Development, and gen- its, both through the Secretary of Interior’s eral contractor Buildtech Ltd. Standards for federal tax credits and the “The Berdan project encapsulates ev- State’s competitive historic tax credits. ery aspect of our service offerings, from “The completion of our redevelopment creative architectural design to historic of The Berdan marks over a decade of our rehabilitation expertise and knowledge of commitment to the revitalization of down- State and federal historic tax credits,” said town Toledo and over $100 million of in- Bob Kraemer, principal and co-founder of The Berdan Building in downtown Toledo vestment since then,” said Richard Karp KDG. “Toledo shares similar characteris- of Karp & Associates. “We look forward tics to Detroit – our hometown – with great part of the city’s own revitalization.” eastern United States. The building was in- to the continued partnership with the City opportunity for century-old buildings to be The Berdan Building was originally dividually listed on the National Register of of Toledo and State of Ohio as part of our given new life. With our fi rm understand- completed in 1902 and served as a whole- Historic Places in 1975 but became vacant ongoing efforts with our growing invento- ing of the city landscape and adaptive re- sale grocery warehouse and manufactur- in the same decade, noted offi cials. ry of historic resources downtown.” use, we look forward to being more present ing hub for the Berdan Company, once the Today, the building has been rehabil- The project team of Kraemer Design in Toledo and putting our skills to work as largest wholesale grocery business in the itated into a modern mixed-use building (…continued on page 23)

Please join me in welcoming three elected Directors to your Toledo Regional Associa- tion of REALTORS. These members will be sworn in to their elected positions at the Annual Business Meeting to be held in January of 2019 and will serve a three year term. Maggie Fawcett of The Danberry Company and Kathy Kuyoth of RE/MAX Preferred As- sociates have been elected to serve a second term on the Board. Sean Siwa of Key Realty will be joining the Board of Directors for a fi rst term. A message from Our Mission Statement is to be the “trusted voice of real estate”. We provide our mem- Doug Kwiatkowski of bers with innovative services and advocacy enabling them to grow and prosper. The Board RE/MAX Preferred Associates, works to ensure private property rights for all citizens. Without the help our volunteers like President, The Toledo Regional these, this would be a more diffi cult task. I thank them and I thank you, the members of our Association of REALTORS® (TRAR) community, who support our mission.

SPECIAL ELECTION ANNOUNCEMENT! Congratulations to the Newly Elected Directors of the Toledo Regional Maggie Fawcett Kathy Kuyoth Sean Siwa Association of REALTORS®! The Danberry Company RE/MAX Preferred Associates Key Realty

VISIT YOUR TOLEDO REALTORS®: www.toledorealtors.com SPONSORED BY:

glasscityfcu.com chicagotitletoledo.com 419·887·1000 419·241·8195 PROFESSIONAL HOMES JANUARY 2019 · TOLEDO BUSINESS JOURNAL · 23 AHI recognized as Remodeler of the Year

Arnolds Home Improvement (AHI) at- in giving back. The reason we have been in – including its one-day bath remodeling ser- Arnold. “This relentless dedication to cli- tended the 2018 Greater Toledo Choice business for over 28 years is because of the vices, siding, windows – and more. Accord- ent satisfaction has earned us numerous ac- Awards at the Home Builders Association’s support we’ve received from our communi- ing to the company, no matter how compli- colades throughout the years, including the (HBA) annual banquet at the Inverness Club, ty,” said AHI owner Jason Arnold. “It is im- cated a request might seem, it has the tools, prestigious Torch Award, which the North- where the company won awards in three cat- portant to better our community in whatev- techniques, and skilled personnel to en- west Ohio Better Business Bureau gives to egories: Best Logo Design, Best Charitable/ er way we can.” sure results. ethical companies that display truthful ad- Community Event, and 2018 Remodeler of In business since 1990, AHI is a lo- “We built our company on the premise vertising and transparent practices. There’s the Year. According to the company, its sin- cal, family-owned rooﬁ ng and remodeling that great customer service is vital, and we no better local option for your rooﬁ ng and cerely humbled and honored to win such contractor serving the greater Toledo re- continue to uphold our core values of hon- remodeling needs. We look forward to do- prestigious awards. gion. The company specializes in roof re- esty and integrity with each new project nating several projects on a yearly basis to “We believe in our local community and pair and replacement, bathroom remodeling our remodeling contractors take on,” said families in need in our community.”

District with 75 apartments featuring stainless steel appliances, granite coun- Berdan Bldg tertops, smart modern lighting, and a …Continued from page 22 1,500 square foot rooftop deck. Additionally, the team has already be- Group, Karp & Associates, Prater De- gun work on another historic corner of velopment, and Buildtech Ltd. have com- Toledo, focusing its efforts on Fort In- bined forces for a number of other proj- dustry Square, where a city block of a ects throughout the region. The team dozen historic structures are being re- is responsible for the Standart Lofts, a developed into luxury apartments, ofﬁ ce historic building in Toledo’s Warehouse Interior of the Berdan Building in downtown Toledo space, and retail, noted ofﬁ cials.

over its employees and the law fi rms it uses Approximately 790 Ohio consumers are attorneys general a total of $6 million, of • Generally not resell debt until Septem- expected to qualify for these reductions for which Ohio’s share is $195,241. Settlement ber 2020 a total value of about $1.24 million, not- According to the Attorney General’s of- …Continued from page 21 According to offi cials, Midland will also ed offi cials. fi ce, debt buying involves buying and selling eliminate or reduce the judgment balances In addition, Midland will set aside overdue debts from creditors and other ac- before fi ling a lawsuit about the debt of consumers in cases where Midland used $25,000 per state to compensate consumers count owners, often for pennies on the dol- • Review original account documents be- an affi davit against them in court between who may have paid Midland for debt they did lar. After buying the debt, companies then fore continuing collection efforts if a con- 2003 and 2009 and consumers disputed the not owe. Ohio consumers who believe they try to recover the full balance from consum- sumer disputes a debt (and provide these doc- debt. Midland will notify impacted consum- may qualify should fi le a complaint with the ers through collection attempts by phone and uments to the consumer for no charge) ers by mail of the balance reduction; no fur- Ohio Attorney General’s Offi ce. mail and in some cases by fi ling a lawsuit • Maintain proper oversight and training ther action is needed from consumers. Midland also will pay the participating against the consumer.

INDUSTRY NEWS

More than 2,200 adults were surveyed in late November to as- The poll is also consistent with the latest ƒ ndings from NAHB’s America sess the public’s attitude on whether a lack of affordable housing Housing Trends Report for the third quarter of 2018, which ƒ nds is a problem in their neighborhoods, cities, states, and nationwide. that 79% of buyers say they can afford to purchase fewer than half The poll cut across partisan, regional, demographic, and socioeco- of the homes available in their local markets. Faces Housing nomic lines. Among its key ƒ ndings: Nearly a third of America’s 119 million households are cost bur- • 73% of all respondents believe that a lack of affordable hous- dened and pay more than 30% of their income for housing, according is a problem in the US. ing to NAHB analysis of data from the Census Bureau’s 2017 Amer- Affordability Crisis • 68% believe this is an issue in their state and 54% cite housing ican Community Survey. That number includes almost half of the affordability as a concern in their neighborhood. nation’s renter households and a quarter of the owner households. Nearly three out of four American households believe that the • 58% said that if they decided to purchase a home in the near Regulatory requirements alone account for about 25% of the nation is suffering a housing affordability crisis, and a majority of future, they would have trouble ƒ nding a home they could afford in cost of constructing a single-family home and roughly 30% of the respondents reported this is a problem at their local and state level their city or county. cost of a multifamily unit. And every day, builders grapple with in- as well, according to a new nationwide survey conducted on behalf • Breaking down by community types, 68% reported a dearth of creasing construction material costs, a shortage of skilled work- of the National Association of Home Builders (NAHB). affordable housing as a problem in urban communities, 64% said it ers, and a dwindling supply of developed lots. Restrictive policies “These poll results conƒ rm what builders from across the na- was an issue in middle-class neighborhoods, and 56% cited a prob- that limit or even prohibit various types of homes and make large tion have been warning about—that housing affordability is an in- lem in rural areas. areas off-limits to new construction contribute signiƒ cantly to the creasingly serious problem in communities across America,” said In terms of strategies to improve the lack of affordable housing, problem. NAHB chairman Randy Noel, a custom homebuilder from LaPlace, 55% believe it would be effective for their City or County to lower “Housing is vital to the economic health of our nation,” said Louisiana. “A mix of regulatory barriers, ill-considered public poli- development and construction fees builders must pay so that more Noel. “This poll should serve as a wake-up call to policymakers at cy, and challenging market conditions is driving up costs and mak- affordable units can be built and 53% believe it would be effective all levels of government to ease regulatory burdens that needlessly ing it increasingly difƒ cult for builders to produce homes that are to increase government subsidies to builders to produce more af- drive up the cost of housing and to enact policies that will encour- affordable to low- and moderate-income families.” fordable units. age the production of badly-needed affordable housing units.” Call 419·473·2507 for info on the Welcome Home! HBA of Greater Toledo www.toledohba.com www.toledobiz.com 2019 House & Home Show 419·473·2507 419·865·0972 24 · TOLEDO BUSINESS JOURNAL · JANUARY 2019 DEVELOPMENT NEWS

For the power plant and for our fi rst tenant, low-cost power. The shift here is that for “We think that this whole idea will ben- we are looking at adding 75-80 jobs, so all the fi rst time in 40 years, the power gener- efi t the community. The former coal plant Michigan Hub those jobs are being replaced. Of course, as ated here within the community will also shutting down hit the community hard, and …Continued from page 2 additional tenants come on board, there will be used in the community. From an eco- so having the ability to take something that be more jobs as well,” said Foy. nomic development standpoint, if you gen- was a big negative and convert it into a very “The job history here is that the Endicott Foy noted that the former power plant erate and use the commodities in the com- positive outcome for the community is very facility closed and 75 people lost their jobs. surrounded the town of Litchfi eld but was munity, it’s a pretty signifi cant economic important. And with that, we’ve seen tre- With our on-site folks and people running owned by fi ve municipalities and couldn’t amplifi cation.” mendous support from the local communi- the operations, we now have fi ve back. But sell the electricity to Litchfi eld. The City of Litchfi eld, according to Foy, ty, the region, and even the State of Mich- as we start to scale up, we will have a big “So you had a power plant in your back- has around 12,000 people with 2,500 people igan. We look forward to continuing this construction effort and jobs for the plants. yard and no one got to see the benefi ts of going in and out of the industrial park. progress,” concluded Foy.

one of EHOVE’s career tech programs; fi refi ghter / EMT; industrial technology; EHOVE job connections; medical careers; teacher …Continued from page 13 academy; and visual and interactive media technology. criminal justice; culinary arts; diesel tech- Mastroianni noted that in the area, the nology; early childhood education; elec- majority of job opportunities are found trical technology; engineering tech; ex- in manufacturing, medical, construction, plore science, technology, engineering, public safety, and travel and tourism. and mathematics (STEM); exercise sci- “I am excited for the project to begin. ence and rehab therapy; Fast Forward, a It will create amazing educational spaces program for students who have attended for our high school and adult education high school for two years, but have earned students and allows us to continue to pro- insuffi cient credits to get back on track vide a highly trained workforce for area for graduation and meet criteria to enter Rendering of the EHOVE Career Center expansion project employers,” concluded Jenkins.

to check the health of their newly pur- stimulation that camp provided, and she Camp Invention …Continued from page 15 chased cattle couldn’t stop talking about building robots • DIY Orbot™: The children will explore and how things work. She learned so much, importance of intellectual property and the • Farm Tech™: Campers are put in charge frequency, circuit boards, motors, and gears but I don’t think she realized it because she US patent system of managing their own farm as they learn the as they use real tools to reverse engineer a was so busy creating and having fun.” • Deep Sea Mystery™: The children em- basics of running a business. With the assis- remote-control robot. Throughout the week, Local programs are facilitated and taught bark on a research adventure at sea to dig up tance of the Bot-ANN-E robot, they learn campers will adapt their DIY Orbot to per- by certifi ed educators who reside and teach fossils, but they soon fi nd themselves strand- fundamental coding techniques to maxi- form increasingly challenging tasks in the community. Annually, Camp Inven- ed on an island. Using lessons and advice mize their time and profi ts. Children also “My daughter had an amazing time at tion programs benefi t more than 160,000 from NIHF inductees, they invent island- are introduced to DNA syntheses, where Camp Invention,” said Laura Cabrera, the children and partner with 2,800 schools and survival tools and underwater equipment they perform their own mock experiment parent of a 2018 camper. “She enjoyed the districts across the nation. TMA thanks its Business Council Members! $25,000+ OCP Contractors Inc. The Lathrop Company Fifth Third Bank OmniSource Corporation Macpherson Architects Inc Huntington Bank Paramount Health Care Marathon Petroleum Company LLC Lewandowski Engineers, LLC Perstorp Polyols Inc. Marshall & Melhorn Madhouse Creative LLC PNC Bank Nordmann Roofing Company, Inc. Owens-Illinois Inc. Principle Business Enterprises Oswald Companies ProMedica ProMedica Health System Ottawa Hills Travel Company Taylor Automotive Group Shumaker Loop & Kendrick LLP Pilkington North America Spartan Chemical Company Inc. Richard Martinko Consulting LLC Toledo Refining Company Romanoff Electric Corporation $10,000-$24,999 Valpak of Northwestern Ohio Romanoff Industries Inc. Christie’s Safeguard Security Service Inc. Dana Corporation Foundation $1,500-$2,499 Savage & Associates Inc. FirstEnergy Foundation/Toledo Edison The Sophia Lustig Shop KeyBank Applied Imaging Area Office on Aging SSOE Inc. Libbey Inc. Arlington Rack & Packaging State Bank Asset Protection Corporation The Trust Company $5,000-$9,999 Bartz Viviano Flowers & Gifts, Inc. Therma-Tru Doors American Frame Corporation Betco Corporation Thomas Porter Architects The Collaborative Inc. BP-Husky Refining, LLC Thompson-Williams-Donahue Group DMC Technology Group, Inc. Brown Honda Mazda Mitsubishi Isuzu Truck Thread Marketing Group Meyer Hill Lynch Corporation Buckeye Broadband Toledo Building Services Owens Corning Campbell Inc. Toledo Business Journal Rudolph Libbe Inc. CliftonLarsonAllen Toledo Federation of Art Societies Signature Bank Communica Inc. True North Energy Toledo Mud Hens Complete Refrigeration, LLC USI Insurance Services Delventhal Company Waterford Bank N.A. $2,500-$4,999 Duket Architects Planners Inc. Weber & Sterling LLC Whitelabel Co The Andersons, Inc. Dunbar Mechanical Inc. Anspach Law Eastman & Smith Ltd. William Fall Group, Inc. Associated General Contractors GALBRAITH Select Management, LLC William Vaughan Company First Solar Gardner Corporation Fresh Products LLC Genoa Banking Company Corporate Partner Harold Jaffe Jewelers Gross Electric Inc. Plastic Technologies, Inc. Heidelberg Distributing Company Hafner Florist Superior Uniform Sales Incorporated HCR Manor Care Hull & Associates, Inc. Industrial Power Systems Inc. Jones & Henry Engineers Ltd. Kripke Enterprises Inc. Kingston HealthCare Company Mosser Construction Inc. Kuhlman Corporation Interested in joining the Museum’s Business Council? Call 419.255.8000 ext. 7513. January 2019 · Toledo Business Journal · 25

ATTORNEYS INDUSTRIAL MEETINGS & BANQUETS • Eastman & Smith Ltd. • Bohl • Sauder Village AUTO & TRUCK DEALERS • Cardinal Compliance Consultants • Toledo Zoo • Coppus Mercedes-Benz • Forklifts of Toledo REAL ESTATE COMMUNITY RESOURCES • G-2000 Inc. • A.A. Green Realty, Inc. • Owens Community College • Hydrofresh HPP • DiSalle Real Estate • Terra State Community College • Keller Logistics • Miller Danberry Commercial Realty • Toledo Zoo • Keller Packaging • NAI Harmon Group CONSTRUCTION • Miami Industrial Trucks • Willis Day • A. A. Boos & Sons, Inc. • Reliable Belting & Transmission SENIOR LIVING COMMUNITIES • Lathrop • Taylor Material Handling • Genacross Lutheran Services • Miller Diversifi ed Construction • Towlift (formerly Lutheran Homes Society) • Mosser Construction, Inc. • Willis Day • Sunset Retirement Communities • RMF Nooter INFORMATION TECHNOLOGY TITLE COMPANIES • Rudolph Libbe, Inc. • Amplex Internet • AREA Title Agency • S.A. Comunale INSURANCE / EMPLOYEE BENEFITS • Chicago Title FINANCIAL • The Ashley Group • Louisville Title • Citizens National Bank • First Insurance Group • Midland Title • Clark Schaefer Hackett • Kaminsky & Associates WEALTH MANAGEMENT • Cooperative Business Services, LLC. MARKETING & SALES • Bollin Wealth Management • Croghan Colonial Bank • Toledo Business Journal • Croghan Trust & Investment Services • Directions Credit Union • Gilmore, Jasion & Mahler, Ltd. • State Bank Find these companies online at • Toledo-Lucas County Port Authority

call 419.865.0972 for more info 26 · TOLEDO BUSINESS JOURNAL · JANUARY 2019 DEVELOPMENT NEWS

Hardin Memorial Hospital is able to pro- the National Organization of State Ofﬁ ces vide acute and short-term skilled care, of Rural Health (NOSORH) for overall ex- OhioHealth a full range of outpatient diagnostic and cellence in patient perspective. Hardin Me- …Continued from page 5 therapeutic services utilizing state-of-the- morial was among 18 Ohio rural providers art technology, rehabilitation, and phys- recognized for overall excellence in 2018. +,*+48$/,7<+($/7+$1'6$)(7<62/87,216 Hardin Memorial decided to create an in- ical therapy services, as well as numer- Hardin Memorial is a member hospital fusion center to support chemotherapy and ous community programs and services. of OhioHealth – a nationally recognized, 3URYLGLQJDIIRUGDEOH(+6 non-chemotherapy infusions. The 24-hour emergency department is non-proﬁ t, charitable, healthcare outreach 6HUYLFHVIRUWKH0DQXIDFWXULQJ According to Snyder, patients will be DQG&RQVWUXFWLRQLQGXVWULHV able to have chemotherapy infusions, non- ZRUOGZLGH chemotherapy infusions, and blood transfu- sions in a dedicated infusion space with six 6HUYLFHV private infusion bays. ,QFOXGH “As cancer patients often need support-

x (+67UDLQLQJ ive services, included in the infusion cen- x 26+$&LWDWLRQ ter space is a multidisciplinary conference 'HIHQVH x (+6,QVSHFWLRQV room which will have space for future tele- $XGLWV medicine opportunities, navigation support, x $UF)ODVK$QDO\VLV chemotherapy education, and space for an x ,+0RQLWRULQJ x (+63URJUDP American Cancer Society ‘Look Good Feel 'HYHORSPHQW Better’ program. Also included in the proj- x ,61HW3(&%URZ] &RPSOLDQFH ect are facility upgrades to the current pharmacy in order to provide the equipment and x 5HFUXLWPHQWDQG 3ODFHPHQWRI(+6 space needed to safely mix chemotherapy 3URIHVVLRQDOV agents. This upgrade will be done in coordi-

x &RQWUDFW(+6 nation with the timing of the infusion center 3URIHVVLRQDO space construction,” said Snyder. 3ODFHPHQWRQD SURMHFWEDVLV He also noted that adding specialized infusion services locally will provide access Rendering of the planned infusion center at Hardin Memorial Hospital Our EHS Training courses are available at your location for its cancer patients and allow them to re- or our facility in Holland, OH ceive the treatment they need without leav- staffed by nurses and physicians specially of the United Methodist Church – and is )UHH:HELQDUVDUHDYDLODEOH ing the Hardin community. trained in emergency care. Hardin Memo- fully accredited by the Joint Commission 0RQWKO\&RXUVHVDUHDYDLODEOH Snyder stated, “Being a member hospi- rial also offers the convenience of a multi- on Accreditation of Healthcare Organiza- Call, email or visit our tal of OhioHealth gives us access to world specialty center in which a variety of spe- tions. As a part of a developing commu- website to find out more: renowned physicians and care.” cialists are able to treat and diagnose pa- nity-based health care system, the hospi- +ROODQG2+ OhioHealth Hardin Memorial tients locally. tal provides the needed healthcare servic- Hospital and OhioHealth Hardin Memorial was recognized by es or links residents to services not avail- LQIR#FDUGLQDOKVQHW ZZZFDUGLQDOKVQHW With a staff of more than 200, OhioHealth The Chartis Center for Rural Health and able in the county. SPONSORED CONTENT

Guidance …CONTINUED FROM PAGE 20 were on there,” said Cantrell. “It’s also important to not go longer than fi ve years on a fi xed rate. So af- make sure that everything’s paid current and mak- ter the fi ve years, you have to come back and rene- ing sure that you have a personal fi nancial state- gotiate and your rate will probably go up because ment, as we require that, and you’ll want to get that it’s only fi xed for fi ve years max. The SBA will updated. Other things could be just making sure now, starting this year, go up to 25 years in a fi xed that you have some kind of interim bookkeeping rate. So 10 years, 15 years down the road, peo- system, and make sure that you know exactly what ple don’t have to worry about what their payment your expenses are and what your revenues are.” amount is going to be, especially in the rising inter- BENEFITS OF SBA FINANCING est rate environment that we’re in now,” said Cant- Cantrell also explained the benefi ts of an SBA rell. “The second thing is banks typically require at loan to a small business, including long-term fi xed least 20% – sometimes 25% – of a down payment rates and having to pay a smaller percentage of a on the loan. With the SBA, you only have to have down payment. 10% down if you’re an existing business and 15% “First and foremost, long-term fi xed rates are a if you’re a startup. So those are two really critical great benefi t to SBA fi nancing. Banks will typically pieces that can help a small business”

SPONSORED CONTENT Hidden gem of OZs Projects Designed & Built, Inc. …Continued from page 19 includes qualifi ed opportunity zone we head into next year. If you have Custom AutomaƟon and material handling stock, qualifi ed opportunity zone capital gains in 2018, or in the fu- Full service machine and fabricaƟon shop partnership interest, and qualifi ed ture, this new tool may be the one opportunity zone business property. for you. Controls engineering While we did get answers to Rapid prototypes several questions back in October, Tara Bollinger, CPA, CMA, CGMA there are still many outstanding, and Principal Engineering ConsulƟng a second tranche of proposed reg- [email protected] Please contact us to quote on your next project! ulations expected to be released in ______the fi rst quarter of 2019 will hopefully Justin Vanderglas, CPA Projects Designed & Built, Inc. www.pdbinc.com give us those. The availability of qual- Manager 5949 American Rd. E. Jack MarƟn jmarƟ[email protected] ifi ed projects and funds in which to [email protected] Toledo, OH 43612 419 726 7400 invest will increase at a rapid pace as January 2019 · Toledo Business Journal · 27 For Your Commercial / Investment Needs… 419-893-4415 1909 River Rd., Maumee, Ohio 43537 JANUARY INDUSTRIAL / STORAGE / RETAIL FOR SALE SPOTLIGHT

FOR SALE: 2236 & 2248 Tedrow Road - S Toledo 2 parcels, 17,500+ sq.ft. zoned industrial. Asking $374,900. Contact Dan DiSalle 419-261-4010 or [email protected]. RETAIL SPACE FOR SALE OR LEASE

FOR SALE OR LEASE: 3565 Libbey SWAN CREEK NEAR ARROWHEAD. Road- Perrysburg, OH At I-280 & the Ohio Truck stop area 2906 square feet for- 21,000 SF. FOR SALE OR LEASE mer Wendy’s w/ 2 drive through windows, some equipment remains. Contact Dan DiSalle 419-261-4010 or [email protected]. OFFICE SPACE FOR SALE OR LEASE

FOR SALE: 2805 Tremainsville Rd. 2500+ sq. ft. sharp all brick ofﬁ ce building, plenty of exposure & plenty of parking, 11 ofﬁ ces conference & reception room – fantastic buy @ $139,900. Contact: Dan DiSalle, 419-261-4010 or 9,040 SF – SYLVANIA TWP [email protected]. OWNER WILL EXPAND OR DIVIDE. FOR SALE OR LEASE 1613 H – BT – SPRINGFIELD TWP. 3,000 sq.ft. available. Great Access to Interstate. Many Opportunities. Contact: Bill Thees, Contact: Bill Thees 419-893-4415. DiSalle Real Estate Co.

8040 SUMMERFIELD RD, Commercial & Investment Division LAMBERTVILAMBERTVILLE,AMBERT MI. 9 ofﬁ ces, 1 bathroom,SOLD!athroom, DDining area with sink and 419-893-4415 smallll counter area. 2 separate doors from outside and 2 separate doors from inside building. 2 separate furnaces and A/C ACREAGE FOR SALE for area. The whole area is 29’ x 32’. Call 419-351-4484. 3468 DORR ST RIGHT @ BYRNE RD. – Roughly 80x250 HIGH visibility & trafﬁ c counts just off U of Toledo campus! asking $299,900. Contact: Dan DiSalle 419-261- DEVELOPMENT PROPERTIES 4010 or [email protected].

WATERVILLE / WHITEHOUSE AREA. Many Possibilities for 1/2 ACRE LOT – PERRYSBURG TOWNSHIP. 180 ft of frontage on Oregon Road just north of St Development! Over 400’ of Frontage; 5+ Acres. $490,000. Rt 795, only $49,900. Located between Waterville & Whitehouse on St. Rt. 64. Contact: Dan DiSalle, Jr., 419-874-2231 or Joe DiSalle, 419-460-5253. Just across the new St Rt 24 Overpass from Kroger. Per DOT, trafﬁ c count per day 10,000+. SYLVANIA TWP – ZONE RD. 2 Commercial lots. Contact: Bill Thees, 419-893-4415. Contact JUD Mathewson. Call 419-261-8894 [email protected] 4 lots DPC – BT –DEER PARK COURT. 4 Ofﬁ ce lots available. Next to Arrowhead, along Swan Creek. Can be combined, split. Contact: Bill Thees, 419-893-4415.

Visit www.DiSalleRealEstate.com for more information on these properties! 28 · Toledo Business Journal · January 2019 LAND FOR SALE

CLASSIFIEDS SANDUSKY COUNTY NEAR WHIRLPOOL 8 ACRES CITY UTILITIES AVAILABLE PHONE: 419.865.0972  FAX: 419.865.2429  DEADLINE: 15TH OF MONTH JUST OFF US 20 5 MI. TO TPK $125K OR LAND LEASE CHUCK 419-680-6393 PH/TEXT INDUSTRIAL/COMMERCIAL FOR SALE/LEASE DEVELOPMENT LAND ALONG THE IMPROVED US 6/24 BYPASS NORTH SIDE OF NAPOLEON. CLOSE TO SR 108 WATERVILLE FLEX SPACE FOR LEASE INTERCHANGE. 11.3 ACRES. OWNED BY New Construction. Build to Suit. 2400-4800 sq ft. A BUILDER WILLING TO PARTNER OR SELL OUTRIGHT. US 24 VISIBILITY. CITY Triple Net Lease. 1 - 2 Units available. UTILITIES. MIXED DEVELOPMENT USES 1134 Disher Dr. | Waterville, OH 419-536-4344 POSSIBLE. FORMER PAR 3 GOLF COURSE SITS ON 10+/- CHAD OBERHAUS ACRES IN DEERFIELD MI. RE/MAX EXCLUSIVE CLUB HOUSE. A GREAT BUILDING SITE OR (419) 438-1465 READY FOR ANOTHER BUSINESS. [email protected] MANY POSSIBILITIES FOR THIS UNIQUE PROPERTY. $94,900. CALL JIM AT FAUST REAL ESTATE, LLC DEVELOPED RESIDENTIAL LOTS ARE IN 517-902-6655 SHORT SUPPLY IN NAPOLEON. PARCELS AVAILABLE TO BUILD THE NEXT FOR LEASE PHASE OF TWIN OAKS SUBDIVISION, A 2717 N. REYNOLDS RD. HIGHER END DEVELOPMENT. OWNED NEXT TO UHAUL NEAR CENTRAL BY A BUILDER WILLING TO PARTNER 4,000 SF. FT. OR SELL OUTRIGHT. CITY UTILITIES. 5 TON BRIDGE CRANE CITY LEADERS ACTIVELY SEEKING FREE STANDING BUILDING TO SUPPORT AND ENCOURAGE ON LAND 70 X 315 RESIDENTIAL CONSTRUCTION 419-531-6543 CHAD OBERHAUS HELP WANTED ADVERTISING RE/MAX EXCLUSIVE (419) 438-1465 FOR LEASE [email protected] CALL 4198650972 TO PLACE YOUR CLASSIFIED HERE! N. REYNOLDS RD. $20 for 20 words, $0.40 each additional word. DEVELOPMENT PROPERTIES Next to UHAUL $5 additional to box the ad. $5 each bolded line. Waterville / Whitehouse Area. Many Possibilities for SOLOMON LUTHERAN CHURCH $20 to add a logo or picture. Development! Over 400’ of frontage; 5+ Acres. $490,000. AND SCHOOL, WOODVILLE OH Near Central Ave. Located between Waterville & Whitehouse on St. Rt. 64. IS LOOKING FOR AN ENERGETIC CONTACT JUD MATHEWSON, DISALLE COMMERCIAL DIRECTOR OF YOUTH 4,000 SQ. FT. 4192618994 JMATHEWSONDISALLEREALESTATE.COM & FAMILY MINISTRY. 480V This person will plan, organized, implement youth programs & activities that will uphold the Christian OFFICE SPACE - FOR LEASE faith. Director also participates in weekly chapel 5 TON 1616 E WOOSTER ST, BG ...... 2300 SF and supports other school activities. Fulfi llment of the duties of the Director of Youth & Family Ministry 440 E. POE RD, BG ...... 2300 SF (Will Divide) are accomplished through being a team member BRIDGE 980 W. POE RD, BG ...... 1200 – 2500 SF and developing relationships with youth and family. This position reports to the Senior Pastor & performs CRANE RETAIL SPACE - FOR LEASE all duties as assigned by the Pastor and/or Executive 5950 AIRPORT HWY, TOLEDO ...... 1000 SF Committee. Position is 28-30 per week. $1,750 per mo. PLEASE SEND RESUME TO: 500 LEHMAN AVE, BG (OR OFFICE) ...... 1695 SF DIRECTOR OF YOUTH & FAMILY FOR INFORMATION CALL: MINISTRY, ATTN: SARAH, 419/531-6543 WAREHOUSE/FLEX - FOR LEASE 305 W. MAIN ST., MARK REMEIS WOODVILLE, OH 43469. 419-601-0479 428 CLOUGH ST, BG ...... 5,000 – 27,000 SF (Possible Student Labor) [email protected] 420 INDUSTRIAL PKWY, BG ...... 20,000 SF (2 Docks) FAIR HOUSING POLICY AL GREEN All residential Real Estate advertising in this paper is subject to the 546 SANDRIDGE RD, BG ...... Ofﬁ ce & 2 Warehouses Federal Fair Housing Act, which makes it illegal to advertise any 419-352-5331 preference, limitation or discrimination based on race, sex, religion, 326 INDUSTRIAL PKWY, BG ...... 3500 SF handicap, national origin or familial status. This paper will not knowingly [email protected] WILL BUILD TO SUIT 20,000–40,000 SF at I-75 Exit 181 accept any advertising for residential real estate which is in violation of Visit toledobiz.com the law. All readers are hereby informed that all residential properties advertised in this publication are available on an equal opportunity basis. to subscribe Visit For Lease Bowling Green – Loopnet.com

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Email: NETWORK [email protected] Give us a call at to ﬁ nd out how you OfÀ ce: 1-888-419-3635 419·865·0972 Cell: 419-309-8737 can eﬃ ciently reach thousands of readers each month 2015 Pickle Road | Oregon, OH 43616 with the BUSINESS CARD NETWORK! 419.691.2329 www.aaboos.com JANUARY 2019 · TOLEDO BUSINESS JOURNAL · 29 Downtown Toledo building receives Historic Preservation Tax Credits

The Ohio Development Services Agency in terms of both the history of commerce and (ODSA) awarded $250,000 in Ohio Histor- the history of transportation in Toledo, and at ic Preservation Tax Credits to Matthew Ru- the national level as it relates to the rise of the bin of Crane Development to rehabilitate the automobile industry and the Jeep. Andrus Building, a vacant, historic building The City of Toledo designated the building at the corner of 10th and Jackson Streets in as a local historic landmark in late July. It is downtown Toledo. currently in the process of being nominated for The distressed, 15,000 square foot, three- the National Register of Historic Places, which 2544 N Reynolds. Up to 14,000 SF available. Former Banner Mattress space just story building with a 32-car attached park- will make the project eligible for Federal His- a block from Promedica Wildwood. Will split. $6.00 per SF NNN. ing lot will be a $1.5 million project and will toric Tax Credits. Erin Claussen of Toledo Re- be transformed into high-quality Class A of- vival serves as the lead historic preservation

2111 N Reynolds, at Bancroft. 440 S Reynolds, at corner of South. Retail/office space. 1200 SF, $6.50 per SF 500 to 7,000 SF. LOW rate of $3.60 per Rendering of the rehabilitated Andrus Building in downtown Toledo NNN. Next to Schmuckers, great traffic. SF NNN. Professional, well maintained Join Vito’s Pizza, Riley’s Flooring & Royal building. fi ce space with fi rst fl oor retail, noted offi - consultant for the nomination and tax credit cials. The building construction is being man- application process. Rubin and Claussen were Cravings in a well maintained retail center. aged by Julia Randles of Randles Company. both awarded Emerging Professionals Scholar- Kate MacPherson, AIA of MacPherson Ar- ships by Heritage Ohio in 2017 for their previ- chitects is the designer. Crane Development ous redevelopment work in Toledo. is currently marketing the space to potential The Andrus Building project is being sup- tenants including law fi rms and business ser- ported by many local partners including The vices fi rms. City of Toledo, LISC-ProMedica partnership, Built in the late 1800s, the building was Toledo-Lucas County Port Authority, Connec- formerly home to Toledo auto parts manufac- Toledo, and the UpTown Association. turing companies Landers Brothers, Tillotson “By using historic tax credits, we are bring- Manufacturing, and M.I Wilcox. The building ing more economic opportunity to downtown 4730 W Bancroft, unit 17. New West Lots. also served as a lodge for the local chapter of and preserving a piece of Toledo history from Flex space. These 7 available lots the Independent Order of Odd Fellows. The an era of craftsmanship that cannot be recre- 1200 SF, $6.00 per SF NNN. Just West of can be combined to create parcels sized building, according to offi cials, is signifi cant ated,” said Rubin. Ottawa Hills. One office, bathroom & open to your needs. Commercial or Industrial. space with OH door. Join Patron Saints Located in a CRA-50% real estate tax Brewery, Valle Homes, McGowan Properties, reduction for up to 15 years. No income Advanced Home Medical, Rentech, Sean tax in Sylvania Township! Ohio funding helping Patrick Builders in an active location. small businesses hire export interns

Ohio businesses looking to expand their ex- ODSA offers participating small to medium- port initiatives can get assistance from the State sized businesses a 50% reimbursement for the of Ohio’s Export Internship Program. The Ohio wages of the intern, up to $3,600. 5800 Park Center. Located 1/10 mile 5822 Park Center. Located 1/10 mile Development Services Agency (ODSA) is ac- This program, according to ODSA, has a North of Central at Holland-Sylvania. North of Central at Holland-Sylvania. cepting applications from companies to take track record of success with students increasing 4,700 SF finished medical office. Ready Last lot in existing office park. 1.38 part in the program. export sales for businesses. In the seven years of to go in a professional setting. $14.95 acres, $160,000. No income tax in According to ODSA, the Ohio Export Intern- the program, 231 student-company matches were per SF NNN. No income tax in Sylvania Sylvania Township! ship Program provides an opportunity to busi- created, resulting in 63 internship extensions, Township. nesses interested in growing exports by match- 44 new job positions, and 303 new internation- ing them with highly motivated college stu- al markets, distributors, or customers. dents who have taken export-focused course- Applications are now under review, so com- work. This year, 52 students from 12 universi- panies should apply soon, noted ODSA. The ﬁ - Jim McGowan ties across the state have been selected to partic- nal deadline to apply is February 1 and the sum- Broker/Sales ipate in the program. mer internship runs from May 13 through Au- “The interns are a tremendous beneﬁ t for gust 9. Ohio companies can apply at eip.devel- the businesses,” said David Goodman, direc- opment.ohio.gov. 419.654.4343 tor of ODSA. “It’s a great win for Ohio because The program is a partnership among ODSA, we’re getting an educated workforce, we’re get- The Ohio State University (OSU), Youngstown [email protected] ting businesses that are productive, and we’re State University (YSU), and Cleveland State www.mcgowanproperties.com creating jobs.” University (CSU). 30 · TOLEDO BUSINESS JOURNAL · JANUARY 2019 REAL ESTATE

process in Rossford is continuing to move for 1,809 cars including 39 ADA handicap of $10.2 billion, and at the end of Septem- forward. spaces. The distribution facility will be able ber 2018, the business had $7.8 billion of Developer The site is on the east side of Crossroads to service 300 delivery trailers. assets on its balance sheet. …Continued from page 1 Parkway close to Deimling Road in Ross- Employment plans for this large facil- The company is a large industrial devel- ford. The property is physically behind the ity indicate a minimum of 1,200 working oper with aggressive growth plans. “Duke Bass Pro and to interchanges on both I-75 Home Depot and Target and other stores 24/7 with the potential for additional hires Realty will grow primarily through acqui- and the Ohio Turnpike (I-80/90). This lo- on the north side of Route 20 that connects beyond this level, according to speculation sition and development. We develop in all cation and the adjacent interstate highways Perrysburg to Fremont. The site consists of involving project plans. 21 of our major markets … but we will also are highly attractive for inbound logistics 100.296 acres of land. At the recent Rossford Planning Com- acquire and do opportunistic acquisitions in shipments. It is within a day’s drive of half The developer has not disclosed the name mission meeting, a homeowner living near markets where we really want to grow and of the US and Canadian industrial markets of the business that will occupy the new fa- the planned site asked about roadway plans indeed, grow faster than we can through the and 100 million people. For outbound lo- normal pace of development. We will con- gistics, there are approximately 6 million tinue to focus on growing our portfolio and people within 100 miles distance. our geographic footprint in those top mar- The developer, Duke Realty Corpora- kets around the country … and solving our tion, through its affi liated entity Duke Con- clients’ needs wherever they might be in the struction Limited Partnership, is headquar- United States,” explained Jim Connor, Duke tered in Indianapolis and has development Realty chairman and CEO. properties and projects across the US. The Additional information from Duke Re- company is an owner, developer, and man- alty about its growth plans provides im- ager of industrial properties that includes a portant insights. The company currently specialization in bulk warehouses and large, has over $1 billion of “dry powder”, which effi cient distribution centers. is its term for available investment capital Duke Realty has a unique expertise in Legacy Commerce Center in Linden, New Jersey for new development projects in the imme- supporting e-commerce businesses that has diate future. important potential benefi ts for northwest cility; however, there is speculation that it to address the signifi cant increase in traf- The project in Rossford has introduced Ohio and southeast Michigan. will be an Amazon fulfi llment center. fi c that will occur. Nathan Harris, devel- this large logistics developer to the strate- Rossford project Midland Agency of Northwest Ohio, Inc. opment services manager with Duke Re- gic signifi cance of the Golden Triangle and In mid-December, the Rossford Plan- is a trustee for the property. A sign at the alty responded, “There will be improve- northwest Ohio. There is a large amount of ning Commission, in its preliminary review edge of the large property indicates that it ments to the roadway.” Rossford offi cials ex- additional land available suitable for logis- session, unanimously approved a proposed is for sale by Jerry Miller, CCIM of Miller plained that details on these improvements tics development in the Golden Triangle and site plan and two variances from Rossford’s Danberry Commercial Realty. Ford & As- would be provided by the time of the fi nal in other areas of the Region. zoning code. One of the variances involves sociates Architects, Inc. of Columbus and site plan review. Within close proximity to Duke Reali- approval to exceed the building height re- Mannik & Smith Group, Inc. of Maumee Duke Realty ty’s Rossford site, the developer is able to quirements of 35 feet. The Planning Com- are providing services to the project. According to Duke Realty, the compa- see signifi cant growth by other major logis- mission gave preliminary approval to the The planned 700,281 square foot in- ny owns and operates 514 facilities with ap- tics fi rms operating in this area. Walgreens developer’s request for the variance to per- dustrial facility to be constructed will be a proximately 152 million rentable square feet has a major expansion underway on its large mit the building to be constructed up to a tall building that may be as high as 85 feet. of industrial space in 21 major U.S. logis- distribution facility in Perrysburg Township height of 85 feet. The site plan approval Parking is being planned at this initial stage tics markets. It has a market capitalization (…continued on page 31) One Call Solves it All OFFICE SPACE FOR LEASE | 8,866 SF

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- 3,500 SF of training and entertainment space in lower level - Prime location at the front of Arrowhead Park - Close to restaurants and retail - Plenty of parking - $19.00 SF/yr (MG) %DFNÁRZ Emergency & Alarm & Detection Exit Lights naiharmon.comnaiharmon.com Stephanie Kuhlman Commercial REALTOR® sacomunale.com (419) 960-4410 ext 315 419-334-3841 [email protected] 1524 Old Oak Harbor Rd. Fremont, Ohio 43420 REAL ESTATE JANUARY 2019 · TOLEDO BUSINESS JOURNAL · 31

business continued to grow in 2018 and has a need for an additional 89 million square revenues and represent a who’s who in the now captured 9.6% of all retail sales. The feet of e-commerce distribution space and distribution and e-commerce business. Its Developer company projects that e-commerce sales that by 2021 there will be another 102 mil- largest customer is Amazon representing …Continued from page 30 will continue to grow at a rate of 15% an- lion square feet required. Thus, between 6.3% of the company’s lease revenues. UPS nually, and that by 2020, e-commerce will 2018 and 2021, Duke Realty forecasted an is its second largest customer at 2.5% of close to the Golden Triangle site which will be approaching between 10 to 15% of all increased need for 335 million square feet these revenues. Wayfair is the number three take it from its current 650,000 square feet retail sales. of additional e-commerce distribution space customer and represents 2.4% of this busi- to 1.2 million square feet. In nearby North- ness. Other Duke Realty top 10 major cus- wood, FedEx has two large distribution fa- tomers include NFI Industries, Floor and cilities within one mile of each other. Duke Incremental SF needed for Décor, Crate and Barrel, Target, Deckers, Realty’s second largest customer, UPS, has a Home Depot, and HD Supply Inc. large distribution facility in nearby Maumee E-Commerce Warehousing (Millions) 17% of Duke Realty’s tenant base is e- next to an interchange on the Ohio Turnpike 100 commerce focused with 35% of the com- and with easy access to I-75. pany’s development starts since 2013 be- In Wood County’s Troy Township, Home ing e-commerce based. The average lease Depot has constructed a 1.6 million square 80 size of a facility the company has put in foot distribution center that is completely place for e-commerce since 2013 is 503,000 devoted to servicing Home Depot’s e-com- 60 square feet. merce customers. There are quite a few oth- Other Duke Realty tenants with e-com- er large logistics-related facilities that have merce needs include Walmart, Dick’s Sport- selected sites in northwest Ohio and south- 40 ing Goods, Best Buy, Kohl’s, Staples, Fe- east Michigan. dEx, Grainger, Samsung, and others. Have the region’s many successes in win- 29 31 31 38 42 49 60 67 77 89 102 Projects ning major logistics-based projects, includ- 20 Since 2013, Duke Realty has completed ing Home Depot’s large e-commerce ful- 128 projects in which it has invested $3.4 fi llment center, played a role in Duke Re- billion. Half of these projects have been alty and its client’s decision to select the 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 build-to-suit to meet the tenants’ needs. Rossford site? Source: Duke Realty The company has done 49 speculative E-commerce development projects since 2013, which it E-commerce is playing a critical role in Duke Realty also estimates that for ev- that will have to be constructed. initiated without a committed tenant, invest- Duke Realty’s growth and the company has ery $1 billion of new e-commerce business, The 700,000 square foot Rossford proj- ing $1.1 billion. As of the end of September had a focus on next day delivery and two- approximately 1 million square feet of new ect being planned will not be the compa- 2018, the company has leased 85% of the hour delivery for many years. “One major distribution space needs to be constructed. ny’s last project, but instead one of many space in these spec facilities. impact of increasingly immediate fulfi ll- The company projected that in 2018, 66 that will take place during the next three Will the region benefi t not only from ment is that commercial real estate provid- million square feet of additional distribu- years. Duke Realty’s current development efforts ers must have well-located facilities close tion space was needed for e-commerce and Customers in Rossford, but also future investment proj- to major population hubs,” further advis- that this will grow to a need for 77 million Duke Realty has over 1,000 customers ects as it learns more about logistics and es Connor. additional square feet in 2019. Duke Realty that it currently services. Its top 10 custom- other benefi ts offered by northwest Ohio Duke Realty estimates that e-commerce further projects that in 2020 there will be ers account for close to 20% of its lease and southeast Michigan?

OFFICE SPACE - FOR LEASE 1616 E WOOSTER ST, BG ...... 2300 SF 440 E. POE RD, BG ...... 2300 SF (Will Divide) 980 W. POE RD, BG ...... 1200 – 2500 SF NEED OFFICE RETAIL SPACE - FOR LEASE 5950 AIRPORT HWY, TOLEDO ...... 1000 SF 500 LEHMAN AVE, BG (OR OFFICE) ...... 1695 SF FOR INFORMATION CALL: SPACE? WAREHOUSE/FLEX - FOR LEASE MARK REMEIS 419-601-0479 428 CLOUGH ST, BG ...... 5,000 – 27,000 SF (Possible Student Labor) Arrowhead Park [email protected] 420 INDUSTRIAL PKWY, BG ...... 20,000 SF (2 Docks) AL GREEN 419-352-5331 546 SANDRIDGE RD, BG ...... Ofﬁ ce & 2 Warehouses 326 INDUSTRIAL PKWY, BG ...... 3500 SF [email protected] WILL BUILD TO SUIT 20,000–40,000 SF at I-75 Exit 181 Visit For Lease Bowling Green – Loopnet.com

Waterville, Ohio 753 Michigan 4,025 SF 1415 Holland Road $3,186/mo. Ofﬁce Space: Location: 4,500 – 6,000 SF • Strategically located Includes: • Immediate access to 1 truck well to 1,201 SF Ohio Turnpike (I-80/90) and warehouse area I-475/US-23 • Excellent, move-in condition 753 Michigan Avenue Give us a call at 419.476.8000 to ﬁnd the space you need.

• Join existing tenants: • High visiblity For more information contact: Nearly 80 years in business... Goodwill, Global Tax Good Parking Greg Sullivan • 419.466.1404 c Centers, Franklin Ice Cream, • Located across from the [email protected] 4100 Bennett Rd. • Ste. 300 • Toledo, OH 43612 Tano’s Pizza and Anderson Waterville Library, Waterville Tel (419) 476-8000 • Fax (419) 476-1087 Chiropractic Playhouse and Conrad Park www.willisday.com 32 · TOLEDO BUSINESS JOURNAL · JANUARY 2019 DEVELOPMENT NEWS Ohio’s ﬁ rst self-driving shuttle opens to the public Smart Circuit oﬀ ers residents and visitors a glimpse into the future of mobility

Smart Columbus and DriveOhio recent- minutes, noted offi cials. The vehicle, which jobs, community services, and commerce,” in our self-driving shuttles around Colum- ly unveiled Smart Circuit – Ohio’s fi rst self- has a maximum speed of 25 MPH, has a said outgoing Ohio Governor John Kasich. bus’ beautiful Scioto Mile.” driving shuttle – by offering free rides and four-seat “campfi re” confi guration in the “Ohioans can now see for themselves how According to officials, Smart Circuit a glimpse into the future of transportation. rear of the vehicle as well as a 49-inch digital these technologies will transform the future shuttles operate autonomously, using a The low-speed vehicles serve destinations display that provides system and route infor- of our state.” suite of sensors that deliver a 360-degree around Columbus’ Scioto Mile from 6 am view around the vehicle. The sensors and to 10 pm, seven days a week. intelligent software help the vehicle under- “Smart Circuit gives us an opportunity to stand where it is; in which direction to steer; learn more about self-driving technology in and when to slow down, accelerate, or stop real time as we work to improve our city’s for something in its path. Mapping allows transportation ecosystem,” said Columbus the vehicle to know every inch of its route Mayor Andrew J. Ginther. “Many people in and navigate through various traffi c condi- our community still lack access to conve- tions. The vehicle operator provides riders nient transportation options, and Smart Cir- with information about the route and tech- cuit is another exciting step in researching nology and can take control of the vehicle and deploying new technologies that have at any time. the potential to improve equity and expand “The Columbus Region has long been access to opportunity in our city.” a pioneer in autonomous vehicle research According to offi cials, the shuttles of- and development, thanks to assets like The fer residents and visitors a hands-on edu- Ohio State University and Transportation cational experience with self-driving tech- Research Center,” said Alex Fischer, pres- nology. Engineers, researchers, and policy- ident and CEO of the Columbus Partner- makers from Smart Columbus, DriveOhio, ship. “Smart Circuit is the next step in Co- and The Ohio State University (OSU) will lumbus’ emergence as a world-class desti- use the demonstration to inform future de- nation for autonomous vehicle innovation, ployments of self-driving vehicle technolo- mation. A human operator rides aboard each “With this forward-thinking group of as we deploy the technology in a real-world gy in Ohio, including a route planned for a vehicle with access to driving controls at all partners, we’re giving Ohio the opportuni- setting for the fi rst time and continue to dis- Columbus neighborhood, funded by the US times. Michigan-based startup May Mobili- ty to drive less and live more,” said Edwin cover the possibilities it brings.” Department of Transportation (DOT) Smart ty operates the shuttles and employs its fl eet Olson, CEO and co-founder of May Mobil- Smart Circuit will pick up and drop off City Challenge grant. attendants, according to offi cials. ity. “May Mobility offers self-driving trans- passengers at Center of Science and Indus- Three all-electric vehicles service the “Ohio’s investment in smart mobility portation solutions for communities today – try (COSI), the National Veterans Memori- 1.5-mile route, with shuttles arriving at technologies will ultimately lead to safer, and we’re thrilled to have the opportunity al and Museum, Bicentennial Park, and the each of four stops approximately every 10 less congested roadways and better access to to serve public riders for the very fi rst time Smart Columbus Experience Center.

When Small Businesses Thrive, We All Win. We’re proud to be named the #1 SBA Lender in the region§. But what really makes us happy is helping people start and grow their businesses. Because we know when small businesses thrive, our communities thrive. So let’s get to work, together. Give Tami Decator a call at (419) 254-6089 or visit your neighborhood branch.

§ SBA loans subject to SBA eligibility. Huntington is the #1 SBA 7(a) lender in the number of loans in the region made up of Illinois, Indiana, Kentucky, Ohio, Michigan, West Virginia, Western Pennsylvania and Wisconsin. Source: U.S. Small Business Administration (SBA) from October 1, 2008 through September 30, 2018. Member FDIC. ⬢®, Huntington® and ⬢Huntington. Welcome.® are federally registered service marks of Huntington Bancshares Incorporated. ©2018 Huntington Bancshares Incorporated.