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Interest Is Through Roof 20150608-NEWS--1-NAT-CCI-CL_-- 6/5/2015 3:20 PM Page 1 $2.00/JUNE 8 - 14, 2015 The importing of foreign steel to Ohio mills has become a big topic of debate in the industry — P. 3 The return of Cuyahoga County’s commercial docket is ‘happening,’ but likely will take a while — P. 3 Interest is through roof Plenty of grocers NBA Finals might be 70% city’s biggest-ever Year-over-year setting sales price media event and its increase for Cavs tickets hottest ticket since ’95 on Flash up shop Seats during By KEVIN KLEPS the regular Competition in area is [email protected] season Len Komoroski, the CEO of the Cleve- getting pretty intense land Cavaliers and Quicken Loans Arena, believes the NBA Finals is the biggest me- By STAN BULLARD dia event in the city’s history. [email protected] The NBA’s championship series, which features the Cavs for just the second time 750 Grocery retailers from Meijer Inc. to Whole Foods Market are starting in its 69-year history, is also producing Out-of-town what might be Northeast Ohio’s most to set the table for more competition coveted tickets in at least 20 years. media for consumers’ dollars in Northeast “It’s really strong — on par with the ’95 members Ohio. World Series,” Mark Klang, owner of The busiest retail sector — far sur- Mayfield Village-based Amazing Tickets expected passing apparel and electronics re- Inc., said of the market for Games 3, 4 and to be at The Q tailing — promises to get far busier as Grand Rapids, Mich.-based Mei- 6 in Cleveland. for Game 3 Numbers provided to Crain’s by sec- jer has acknowledged interest but ondary-market brokers, as well as the has not consummated deals to add tracking of sales on Flash Seats, the sec- its hypermarket stores in Avon, Bain- ondary marketplace operated by Dan bridge Township, Stow and North Gilbert-owned Veritix, back up Klang’s Canton. claim. Meantime, Phoenix-based Fresh SeatGeek content analyst Chris Leyden $5M Thyme Farmers Market has surfaced said the average sales price for Game 3 of as a potential tenant for Golden Gate the NBA Finals on Tuesday, June 9, at The Estimated Shopping Center in Mayfield Q was $1,196. The market for the NBA Fi- economic Heights after opening two stores downstate in the past year. nals openers at Golden State (Game 1 was impact of each producing an average sale of $1,325 on The competition will be intense as the eve of the June 4 tipoff of the series) NBA Finals Northeast Ohio is losing mouths to and Cleveland was stronger than any Fi- game held feed, not gaining them. nals game in at least the last five years, ac- The most recent population esti- cording to SeatGeek. in Cleveland mate by the U.S. Census Bureau TiqIQ — like SeatGeek, a New York- shows that Cuyahoga, Geauga, based broker — wasn’t tracking sales Lake, Lorain, Medina, Portage and prices as high as its competitor (an aver- Summit counties combined lost al- age sale of $947 for Game 1 and $937 for most 45,000 people in the last five Game 3), but the company said the ticket years. market for the 2015 Finals was better than P. 7 Although the Meijer stores are any since it started analyzing Finals data bound for outer-ring suburbs where in 2010. More facts home construction has gained some Amazing Tickets’ Klang, who sells his and figures, population from neighboring coun- vast collection of season tickets on his ties due to slow growth in housing website, said that once the Cavs-Warriors breaking down development, convenience only See INTEREST, page 6 the NBA Finals. See GROCERS, page 25 23 7 ALSO INSIDE: MIDDLE MARKET NEWSPAPER A step-by-step look at companies’ blueprints for Entire contents © 2015 74470 83781 producing quality products ■ Pages 17-23 by Crain Communications Inc. Vol. 36, No. 23 0 PLUS: ADVISER ■ TAX TIPS ■ CONTENT MARKETING ■ & MORE 20150608-NEWS--2-NAT-CCI-CL_-- 6/5/2015 11:26 AM Page 1 Small Business Matters i Want more information and resources on this week's topics, ideas and events? Go to www.cose.org/smallbizmatters. PRESENTED BY BIG IDEAS The Medici Effect Author Shares His Insights on Innovation and Success Frans Johansson, best-selling author of ;OL4LKPJP,ɈLJ[ and ;OL*SPJR4VTLU[, writes about what he is passionate about. And in writing his books, he has shattered assumptions about how great ideas happen and the idea that in business you can strategize, plan and analyze your way to success. Johansson will share his insights as the featured speaker at COSE’s next [OPURZWV[L]LU[>LYLJLU[S`OHK[OLVWWVY[\UP[`[VHZR Johansson a few questions about how he got his start, his advice for entrepreneurs and what to expect at his upcoming [OPURZWV[ appearance. June 8 What can the audience expect from your Luther King. How and why are think spot presentation? those combinations possible? Innovation will be the underlying theme of You would assume that they By The Numbers my talk. I will focus on how we come up with aren’t. But out of these seem- HNYLH[PKLHHUK[OLKPɈLYLU[HWWYVHJOLZ^L ingly random combinations have Small Business: Job Creators take in response to it – whether innovative or come groundbreaking ideas ordinary. Your best chance for groundbreaking that have created whole new Thursday, June 24, 2015 innovation is at the intersection where diverse industries. I discovered that the 5:30 - 8 pm Renaissance, Cleveland concepts, disciplines, cultures and industries unexpected outcomes in every collide. I’ll talk about ways you can tap into your life journey can have the biggest Register at Small businesses community and your life to make unique con- impact on the fortunes of others. www.cose.org/thinkspot have generated nections that can bring about breakthroughs. @V\JHUOH]L[OH[ZHTLLɈLJ[PU Frans Johansson more than your organization or business if Tell us a bit about ;OL 4LKPJP ,ɈLJ[ and `V\ JHU ÄN\YLV\[ H^H` [VIYPUNHIV\[ KP Z\JJLZZM\S¹ :\JJLZZ JVTLZ PU THU` KPɈLY The Click Moment. versity. 65% ent forms, but it virtually always comes from 4`ÄYZ[IVVR;OL4LKPJP,ɈLJ[, is named My next book, ;OL*SPJR4VTLU[, delves the unexpected. This book uncovers ways to of the net new jobs for the phenomenon that happened in Florence into how to harness serendipity to stand capitalize on those unexpected moments. since 1995. hundreds of years ago when diverse concepts, apart. It’s a study of randomness and luck. I cultures and disciplines intersected, leading to say that if a good idea is a light bulb going i 9LHKTVYLVMV\YPU[LY]PL^^P[O one of Europe’s most creative eras, the Renais- VɈV]LY`V\YOLHKH[Y\LJSPJRTVTLU[PZH 1VOHUZZVUHZOLKPZJ\ZZLZ[OLILZ[ SOURCE: U.S. CENSUS BUREAU sance. I started thinking about what happens if supernova exploding at 100 billion degrees. HK]PJLOLL]LYYLJLP]LKHUKVɈLYZ you combined architecture and termites, biki- There is no cheat sheet for life. No one can OPZV^UHK]PJLMVYLU[YLWYLUL\YZH[ nis and burkas, and techno music and Martin say, “Follow these three steps and you will be ^^^JVZLVYNUL^Z Connection Calendar ASK THE EXPERT COSE WEBED SERIES: ENGAGING YOUR EMPLOYEES: 6MMLYPUN>VYRWSHJL)HURPUNHZHU,TWSV`LL)LULÄ[ HOW TO GET YOUR STAFF TO CARE AS MUCH AS YOU DO Economic recovery can be a mixed bless- [OLT^P[OL]LY`[OPUNMYVTTHUHNPUNJHZOÅV^ Practical advice from Charlie Colon, global ing for small business owners. Certainly, and improving credit scores to retirement plan- channel manager for Employee Engagement for I\ZPULZZ V^ULYZ ^LSJVTL HUK ILULÄ[ MYVT ning. In addition, many workplace banking pro- Gallup, on how to change how leaders view their increased demand for services. At the same NYHTZ VɈLY YLK\JLK WYPJPUN VU IHURPUNZLY work, employees and customers. time, economic recovery can also create ad- vices. This may include checking accounts and JUNE 16 ditional stress for businesses. More business reduced rates on loans, including mortgages. 11 AM – NOON JHUTLHUPUJYLHZLKKLTHUKMVYX\HSPÄLKLT Many workplace banking programs are able Matthew Wyner, ployees, particularly those with experience in to complete account applications at the work Cost: FREE high-demand segments. Therefore, employee KeyBank site so employees don’t have to remember to Register at www.cose.org/events. recruitment and retention remains a top of enroll online from home or make a special trip to mind issue for most business owners. HWWYLJPH[L[OH[V^ULYZJHUVɈLY^P[OV\[HU` a bank branch. Typically, a small business own- Owners have numerous options to incent cost to them. er can expect a workplace banking program to and reward their employees. They can boost A recent MetLife survey showed 45 percent VɈLYHJJLZZ[VHSPJLUZLKPU]LZ[TLU[THUHNLY TECH GROWTH: wages, provide or improve health insurance of employers surveyed said it is important to HZ^LSSHZÄUHUJPHSLK\JH[PVUPUMVYTH[PVU LESSONS FROM THE DEAL ILULÄ[Z VY LZ[HISPZOYL[PYLTLU[ ILULÄ[Z [OLT[VWYV]PKLÄUHUJPHS LK\JH[PVU [V LT 0U]LZ[PUN PU LTWSV`LLZ I` VɈLYPUN[OLT Cleveland’s own OverDrive, Inc. recently sold for such as matching a percentage of employees’ WSV`LLZZVLTWSV`LLZJHUILJVTLÄUHUJPHSS` ^VYRWSHJLIHURPUNJHUWH`VɈIPNMVYTHU` more than $400 million, a fantastic success by 401Ks. These tactics are all valuable, but are secure. The study shows that employees who I\ZPULZZV^ULYZ(TVYLÄUHUJPHSS`ZLJ\YL any measure. CEO/Founder Steve Potash shares also expensive. HYLTVYLÄUHUJPHSS`Z[YLZZLK[OHU[OLPYWLLYZ HUKJVUÄKLU[LTWSV`LLPZVM[LUHTVYLSV`HS inside details on the company’s early days, growth and lessons learned from the very fruitful However, there are other ways for small believe they are less productive at work.
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