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Newsmakers of the Year for 2009, An- Have Realized This and Are Invest- Mand Side 20100111-NEWS--0001-NAT-CCI-CD_-- 1/8/2010 6:01 PM Page 1 ® www.crainsdetroit.com Vol. 26, No. 2 JANUARY 11 – 17, 2010 $2 a copy; $59 a year ©Entire contents copyright 2010 by Crain Communications Inc. All rights reserved Page 3 Universities lead push for stem cell research in state Auto show aims to electrify Minority auto suppliers get help diversifying Exhibition’s message: ‘Detroit is innovating’ IT’S SHOW TIME The auto show Industry Preview is BY RYAN BEENE But the near-chaos that marked vehicles — including eight from Wednesday and Thursday, followed Inside CRAIN’S DETROIT BUSINESS the buildup to last year’s show — the Detroit 3 — are expected to re- by the Charity Preview on Friday. with Ferrari, Land Rover, Mitsubishi, ceive their world debuts, and new The show opens to the public Meet Early signs point to a resurgent Nissan, Porsche, Rolls-Royce and high-tech battery suppliers as well Saturday. Details at naias.com. 2010 North American International Auto Suzuki all pulling out weeks before as electric and hybrid vehicles will incoming Show, after a down year last year. the show — has been next to be in the spotlight. CRAIN’S COVERAGE Domino’s CEO Budgets are still tight and ex- nonexistent. While the auto show is the in- Watch for news and videos at travagant unveilings are unlikely. Sixteen production and concept J. Patrick See Auto show, Page 18 www.crainsdetroit.com/autoshow Doyle, Page 8 Automaker Health Care Extra 2009 Newsmakers of the Year Robert Bobb and Dave Bing foundations machine run leaner Health care takes a page Agents Giving targets from auto industry’s book, Page 9 pressing needs BY SHERRI WELCH This Just In CRAIN’S DETROIT BUSINESS of change The General Motors Foundation Gilbert’s Rockbridge plans and Chrysler Foundation are to grow security company keeping a lower profile these days amid government and for- Livonia-based Rockbridge Mayor, DPS manager: eign ownership, their corpo- Growth Capital L.L.C., one of rate parents’ push to restore Dan Gilbert’s portfolio compa- Same tasks, same page profitability and executive nies, is expected to an- turnover. nounce this week that it has BY NANCY KAFFER But Ford Motor Co. Fund and closed on a deal to acquire a AND RYAN BEENE its corporate parent, the least share of Protect America Inc., CRAIN’S DETROIT BUSINESS hobbled of the three domestic a home security and moni- automakers, are anything but toring company based in Big Politically fearless. Straight shooters. Gutsy. quiet these days about their Rock, Texas. That’s how supporters and adversaries describe De- philanthropic activities. The deal, for more than troit Mayor Dave Bing and Robert Bobb, emergency Ford has gotten more vocal $100 million, was in partner- financial manager of the Detroit Public Schools. about how it’s giving back to ship with Falcon Investments And that’s what Crain’s 2009 Newsmakers of the the community in the wake of a L.L.C. of New York and the Year will have to be to effect the monumental changes 2007-08 study that showed the current CEO and former ma- with which they’re charged. public didn’t have a good sense jority owner, Thad Paschall, “I think both those guys are politically fearless, of its philanthropic work. who will retain his title. which is an important asset to have in this environ- And with fund President Jim Rockbridge partner Kevin ment,” said Freman Hendrix, who held the post of Vella leading the charge, the Prokop said the plan is to deputy mayor under Dennis Archer and ran against automaker is revving up its em- grow the business through a Bing in a special election last year before tipping his NATHAN SKID/CRAIN’S DETROIT BUSINESS ployee volunteerism to help off- relationship with Quicken support to the mayor. Hendrix later served as co-chair Robert Bobb (left) leads the Detroit Public Schools as set its decreased grants. Loans, with new mortgage of Bing’s crisis turnaround team, and is currently emergency financial manager. Dave Bing leads the city of “Vella is trying to take fishes and refinance customers head of the city’s Charter Revision Commission. Detroit as mayor. Both will have to be transformational and loaves and multiply them providing an expanded cus- figures. “Quite frankly, that’s going to be an important asset through volunteerism,” said lo- tomer base. to have if we’re going to dig ourselves out of the des- cal fundraising consultant Pe- The company will remain perate situation we find ourselves in.” ter Remington. in Texas. It employs almost JOIN THE CELEBRATION RELATED NEWS Both men are under the microscope: The future of The carmaker’s contribution 300. Ⅲ Luncheon: Noon to 1:30 Ⅲ DPS plan: the city, and thus the region and the state, depend on to the foundation this year is — Tom Henderson p.m. Feb. 10 Could city and the success of Bing and Bobb’s turnaround efforts. likely to be about $10 million, Ⅲ Location: The Renaissance schools save Bing, who won the mayor’s seat twice last year, on par with 2009, Vella said. See This Just In, Page 2 Ballroom of the Detroit Marriott money by sharing See Change, Page 20 Renaissance Center services? But the foundation’s total grants this year are likely to be Ⅲ Tickets: $65 each; $60 Page 20 groups of 10 or more; $75 at Ⅲ Calling on down about a third from 2009 the door companies: grants of about $31 million, giv- Ⅲ Registration: Visit School system en that many long-term grants www.crainsdetroit.com seeks volunteer have been paid. /crainsevents. Late reading tutors, About $11 million to $12 mil- registration 11:30 a.m. on Page 20 lion of the total grants made last Feb. 10. For questions and year were to Southeast Michi- group reservations, call (313) gan nonprofits, Vella said. NEWSPAPER 446-0300. See Foundations, Page 19 20100111-NEWS--0002-NAT-CCI-CD_-- 1/8/2010 6:00 PM Page 1 Page 2 CRAIN’S DETROIT BUSINESS January 11, 2010 BEST DEALS, DEALMAKERS At its Tuesday meeting, the and Mercury brands in Michigan. year under the federal Small Busi- Involved in a merger, acquisition or THIS JUST IN board will kick off a process to “The dealership closed as part ness Innovation Research program. expansion in 2009? craft recommendations for long- of our collaborative approach be- Optical electronics maker Ad- You may be eligible for the third ■ From Page 1 term reforms. tween dealerships and Ford,” vanced Photonix Inc. announced its annual Crain’s M&A Awards. The board plans in the coming Kinkade said. “We’re always subsidiary Picometrix L.L.C. en- Crain’s Detroit Business and the Farmington Hills may quit SMART months to hear from experts, looking at our dealer network to tered a two-year, $3 million Phase Detroit chapter of the Association conduct forums and take other put our dealers in the best possi- II SBIR contract with the U.S. Air for Corporate Growth will honor The Farmington Hills City steps to develop recommenda- ble situation to succeed.” Force for development of a quality companies and individuals in the Council today will consider a pro- tions it will present to the gover- A sign in the dormant dealer- control system. Picometrix com- following categories: posal to opt out of Suburban Mobility nor, Legislature and educational ship’s window reads, “Dealer- pleted a Phase I feasibility con- Ⅲ Best Deal of the Year: Under Authority for Regional Transportation, stakeholders. ship closed permanently.” tract last year. $100 million and $100 million or which could cost the bus system Scheduled presenters at the Jim Seavitt, owner of Village Ford The contract will support its more. $2.6 million annually. Tuesday meeting include Citizens Inc. in Dearborn and vice presi- prototype development of a quali- Ⅲ Dealmaker of the Year: M&A SMART’s 0.59-mill property Research Council of Michigan Detroit Auto Dealers Asso- ty control instrument to ensure experts, lenders, CPAs, Pres- dent of the tax is up for renewal on the Au- proper fit of exterior surfaces dur- consultants and attorneys, among ident Jeffrey Guilfoyle; Charles Bal- ciation, said Ford is working on gust ballot in Wayne, Oakland others, are eligible. lard, Michigan State University eco- consolidating Ford and Lin- ing production of the F-35 Light- and Macomb counties. More than Ⅲ Best Expansions: This category nomics professor; Timothy Bartik, coln/Mercury dealerships in ing II fighter jet. includes physical plant 50 communities already opted W.E. Upjohn Institute for Employ- metro Detroit, much like it has The plane is part of the Joint expansions, new product lines, out, said Beth Dryden, the sys- ment Research senior economist; done in other cities. Strike Fighter contract awarded diversification of client base and tem’s director of external affairs, and Michael Van Beek, Mackinac “There are parts of this city that to Lockheed Martin Corp. other similar activities that lead to marketing and communications. Center for Public Policy director of simply can’t support a dealership The Picometrix contract carries job creation and/or economic Because of declining property education policy. anymore,” he said. “There are 39 an option for an additional growth. There are two categories: values, SMART’s annual tax rev- — Amy Lane Ford, Lincoln/Mercury dealer- $1.5 million in funding, at the Air Investments of less than enue has fallen from $65 million Force’s discretion. $50 million and $50 million or more. ships in the area; the ideal num- to $51 million since the last re- ber would be between 20 and 25.” Also announcing a contract un- Ⅲ Lifetime Achievement: Senior- newal, in 2006.
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