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Fourth Frontier Atop Fitzgerald's Goals 20101115-NEWS--1-NAT-CCI-CL_-- 11/12/2010 4:09 PM Page 1 Vol. 31, No. 45 $1.50/NOVEMBER 15 - 21, 2010 Fourth Frontier atop FitzGerald’s goals By JAY MILLER variety of programs and was the con- [email protected] County executive-elect outlines economic development strategy duit for $15 million in state and fed- eral economic development funds. Cuyahoga County executive-elect Frontier technology devel- bank as an incentive to These proposals mesh to a Ed FitzGerald won’t take office until opment program. He’s calling promote business expan- degree with ideas recommended by The next Frontier Jan. 1, but he’s already thinking it the Fourth Frontier and sion. a citizen-led county transition advi- Developing a $100 million venture about his relationship with the busi- he hopes it will have a $100 ■ Pursuing the elusive sory group in a report released last fund a la the Third Frontier, however, ness community and the impact his million kitty with which to goal of providing “one- September. That group suggested will depend on Mr. FitzGerald’s ability administration can have on business work. stop shopping” for busi- the county’s economic develop- to cut the cost of running county expansion in the region. ■ Assembling a group nesses seeking to expand ment efforts should be on a finan- government. In an interview with Crain’s, he of loaned executives who in or move into the county. cially larger scale than they are The county transition group said four items are at the top of his would consult with county FitzGerald The new county execu- currently. In 2009, according to its estimated that as much as $50 business to-do list: staff on economic develop- tive also has started to talk annual report, the county develop- million in savings could be found in ■ Creating a local equivalent of ment initiatives. about who will be on the new county ment department invested $8 the consolidation of county offices the state of Ohio’s successful Third ■ Using the year-old county land economic development commission. million of county money through a See COUNTY Page 5 Colleges fret over Kasich’s education plan Next governor mum on budget blueprint By TIMOTHY MAGAW [email protected] Democratic Gov. Ted Strickland made higher education a corner- stone of his administration over the last four years, but uncertainty sur- rounding Gov.-elect John Kasich’s plans for education has college offi- cials throughout Northeast Ohio champing at the bit for details. Mr. Kasich, a Republican, hasn’t released any particulars about his plans for higher education, and col- lege officials are careful in how they MARC GOLUB respond to the little they’ve heard. Joe and Debra Lukasik said they had trouble getting a loan to finance the opening of their third Subway store in a con- However, the potential fallout from course at Cleveland Hopkins International Airport, so they pursued money online and secured a $300,000 loan. a looming $8 billion shortfall in the state’s next two-year budget, they say, is of paramount concern. “I don’t think it’s a concern about the new administration. It’s a concern MATCH.COM FOR MONEY See BUDGET Page 6 By MICHELLE PARK INSIDE [email protected] Shifting into high gear oe Lukasik’s search for a business loan in Ford Motor Co. is adding a New online sites pop up Northeast Ohio didn’t turn up a dime. second shift to the company’s After the local Subway franchise owner Brook Park engine plant, and auto that connect borrowers with and his loan consultant, Joe Wojtowicz, workers hope eventually to see a J were denied a loan by more than five third shift. Solid demand for Ford’s banks willing to issue loans local banks, Mr. Lukasik chose not to wait any EcoBoost engine is fueling the longer. He said he “robbed” his 401(k) of $100,000 added work. Read Dan Shingler’s to fund his third Subway shop, at Cleveland story on Page 3. See BANKS Page 53 SPECIAL SECTION 45 6 NEWSPAPER 71486 01032 This new section features a snapshot of individuals ■ 0 leading NE Ohio into the future Page W-1 20101115-NEWS--2-NAT-CCI-CL_-- 11/12/2010 11:43 AM Page 1 2 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM NOVEMBER 15-21, 2010 CORRECTION COMING NEXT SLOW BUT STEADY A Nov. 8, Page One story incorrectly Ever so slowly, the grip of the recession is easing. Total compensation costs reported the number of letters Univer- WEEK for private industry workers rose 2% for the 12-month period that ended in sity Hospitals sent to independent September 2010, higher than the 1.2% increase for the 12-month period that medical providers inviting them to ended in September 2009, according to the U.S. Bureau of Labor Statistics. 700 W. St. Clair Ave., Suite 310, partner on the system’s accountable Among industry sectors, manufacturing workers fared best, with an increase of Cleveland, OH 44113-1230 care project. The number was 5,500. 2.9%. Here’s how the data break down: Phone: (216) 522-1383 Fax: (216) 694-4264 Percent change for 12 months ended September 2010, September 2009 www.crainscleveland.com REGULAR FEATURES A class of their own Publisher/editorial director: Industry Sept. 2010 Sept. 2009 Brian D. Tucker ([email protected]) Editor: Best of the Blogs .........55 Crain’s each year honors the Manufacturing 2.9% 1.1% Mark Dodosh ([email protected]) Managing editor: Big Issue .....................10 achievements of individuals Trade/transportation/utilities 2.3 0.9 Scott Suttell ([email protected]) Classified ....................52 throughout Northeast Ohio Financial activities 2.1 0.8 Sections editor: Editorial ......................10 under age 40. This year’s Amy Ann Stoessel ([email protected]) Information 2.0 0.7 Assistant editors: Going Places ...............12 group plays a critical role in Joel Hammond ([email protected]) Professional and business services 1.7 1.2 Sports Letter..........................11 the region’s business devel- Kathy Carr ([email protected]) Education and health services 1.5 2.1 Marketing and food Reporters’ Notebook....55 opment vision as it com- Senior reporter: The Week ....................55 petes on the world stage. All private industry 2.0 1.2 Stan Bullard ([email protected]) Real estate and construction Reporters: Jay Miller ([email protected]) Government Chuck Soder ([email protected]) Technology Dan Shingler ([email protected]) Manufacturing Tim Magaw ([email protected]) Health care & education Michelle Park ([email protected]) Finance Research editor: Deborah W. Hillyer ([email protected]) Cartoonist/illustrator: Rich Williams Marketing/Events manager: Christian Hendricks ([email protected]) Marketing/Events Coordinator: Jessica Snyder ([email protected]) Advertising sales director: Mike Malley ([email protected]) Account executives: Adam Mandell ([email protected]) Dirk Kruger ([email protected]) Nicole Mastrangelo ([email protected]) Dawn Donegan ([email protected]) Business development manager & classified advertising: Genny Donley ([email protected]) Office coordinator: :K\ Toni Coleman ([email protected]) Production manager: Craig L. Mackey ([email protected]) Production assistant/video editor: Steven Bennett ([email protected]) Graphic designer: Kristen Wilson ([email protected]) Billing: Susan Jaranowski, 313-446-6024 ([email protected]) Credit: Todd Masura, 313-446-6097 QRW" ([email protected]) Circulation manager: Erin Miller ([email protected]) Customer service manager: Brenda Johnson-Brantley (bjohnson-brantley@ crain.com) 1-877-824-9373 23(10,1'6$1'23(1($567+$7ł6+2:9$/8(*(76&5($7(' Crain Communications Inc. ([SHULHQFHKDVWDXJKWXVWKHGLYLGHQGVRIFDUHIXOFRQVLGHUDWLRQ%\ Keith E. Crain: Chairman Rance Crain: President OLVWHQLQJDVNLQJTXHVWLRQVDQGGLJJLQJGHHSLQWR\RXUEXVLQHVVZHEXLOG Merrilee Crain: Secretary Mary Kay Crain: Treasurer DUHODWLRQVKLSZLWK\RXWKDWOHWVXVUHDOL]HZKDWłVUHDOO\LPSRUWDQWWR\RX William A. Morrow: $QGRQFHZHXQGHUVWDQGWKDWWKHSRWHQWLDOIRUVXFFHVVIXOVROXWLRQVLV Executive vice president/operations Brian D. Tucker: Vice president OLPLWOHVV7RGLVFRYHUZKDWZHFDQGRIRU\RXYLVLWSZFFRP Robert C. Adams: Group vice president technology, circulation, manufacturing Paul Dalpiaz: Chief Information Officer Dave Kamis: Vice president/production & manufacturing Kathy Henry: Corporate circulation/audience development director G.D. Crain Jr. Founder (1885-1973) Mrs. G.D. Crain Jr. Chairman (1911-1996) Subscriptions: In Ohio: 1 year - $64, 2 year - $110. Outside Ohio: 1 year - $110, 2 year - $195. Single copy, $1.50. Allow 4 weeks for change of address. Send all subscription correspondence to Circulation De- partment, Crain’s Cleveland Business, 1155 Gratiot Av- enue, Detroit, Michigan 48207-2912. 1-877-824-9373 or FAX (313) 446-6777. Reprints: Call 1-800-290-5460 Ext. 136 Audit Bureau of Circulation © 2010 PricewaterhouseCoopers LLP. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers LLP (a Delaware limited liability partnership), which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity. 20101115-NEWS--3-NAT-CCI-CL_-- 11/12/2010 4:18 PM Page 1 NOVEMBER 15-21, 2010 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 3 INSIGHT Team NEO: ASTORY Leads up, OF STRIFE, SPIRIT final ‘I do’ Tiny Ashtabula County still tough village illustrates small towns’ struggles to Business attraction group sees survive tough economy 20% jump in interested companies By JAY MILLER By DAN SHINGLER [email protected] [email protected] There’s another sign of an improving economy to report — more companies are talking to Team NEO about RWELL — You might think bringing operations to Northeast Ohio. But it’s more of the nation’s housing crisis a “proceed with caution” signal than a green light. wouldn’t hit this peaceful New business leads for the nonprofit business attrac- tion group are up 20% over 2009, according to CEO Tom rural town, where 1,700 Waltermire. The numbers are back to the more robust Opeople live an hour east of Cleveland level of 2008.
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