DETROIT BUSINESS MAIN 11-13-06 A 1 CDB 11/10/2006 6:50 PM Page 1

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http://www.crainsdetroit.com Vol. 22, No. 46 NOVEMBER 13 – 19, 2006 $1.50 a copy; $59 a year

©Entire contents copyright 2006 by Crain Communications Inc. All rights reserved THIS JUST IN Bizdom U. United Way campaign officially ends Wednesday United Way for Southeast- set to teach ern Michigan will officially end its campaign Wednes- day Nov. 15 with a victory celebration, but continue next gen to raise funds for the cam- paign through the end of February. To date, the Detroit- based agency which serves of startups Wayne, Oakland and Ma- comb counties, has BY SHEENA HARRISON brought in $39.7 million or CRAIN’S DETROIT BUSINESS 65 percent of its $61 million goal, said Beth Noble, vice Dan Gilbert believes entrepreneurism is president, resource devel- a profession best taught by entrepreneurs opment. — people who have experienced the suc- But many companies are cesses and failures of growing their own in the process of running companies. their campaigns and have Biz leaders In fact Gilbert, chairman and founder of yet to report their Livonia-based Quicken Loans/Rock Financial progress. Noble said the Inc., is so confident in agency believes it’s about want quick that idea, he’s putting up $800,000 shy of its goal. $10 million of his own Livingston County United action on SBT money to start Bizdom U., Way and Washtenaw United a two-year entrepreneur- Way are still wrapping up ial institute that he workplace campaigns. replacement hopes will generate As of Friday, the Liv- metro Detroit’s next ingston County agency had BY AMY LANE SETTING class of, well, Dan raised about $500,000 from CAPITOL CORRESPONDENT Gilberts. its drives in the county, PRIORITIES Gilbert “It comes down to cre- said Executive Director ANSING — Gov. Jennifer Last week, ation of wealth,” Gilbert Nancy Rosso, adding that it Granholm has gotten a new Crain’s asked Biz hopes said at a Crain’s roundtable discussion ear- L four-year job contract and readers to e-mail lier this month about his hopes for Bizdom’s will be several months be- from the start, businesspeople fore it finds out how much priorities for Gov. impact in metro Detroit. want to see results. Jennifer Granholm. its residents have designat- long-serving “We have to get the area Executives say Granholm and Here’s a sampling: INSIDE thinking that wealth is cre- ed for it in United Way dri- the now-split Legislature need to ■ Replace the SBT. Rock Financial, ated.” ves at their employers in act swiftly and decisively to enact Pronto. JA program As many as 20 students other counties, she said. Dems can starts training a new business-tax structure and ■ Get better advisers are expected to be selected As of Nov. 8, Washtenaw and act more even younger other measures to improve Michi- entrepreneurs. for the first class of Biz- United Way had raised decisively. gan’s economy. What business help state See Metro, dom, which starts in Jan- nearly $4.4 million or doesn’t want is gridlock. ■ Provide incentives Page 23. uary and will be located in about 55 percent of its $8 “The state’s economy can’t con- to help industries such leased classroom space on BY BRENT SNAVELY million goal, according to tinue to wait for results. We can’t as biotech and Wayne State University’s campus. For the alternative energy. CRAIN’S DETROIT BUSINESS its campaign update E- wait for the politicians in Lansing next two years, the students will each de- mail. to agree,” said John Bailey, presi- Excerpts from some of velop business plans for companies that the e-mails appear on hile some local business — Sherri Begin dent of Troy-based public-relations they will open in the city of Detroit. Pages 40 and 41. leaders are concerned Science Center to get firm John Bailey & Associates Inc. For more, see W about the Democrats’ Students will attend class 25 hours a “I think that now that she does crainsdetroit.com. broader business agenda, they are week and receive training from entrepre- $1M gift from U.S. Steel have one chamber in her corner, Click on “This Week’s optimistic that business issues af- neurs in practical subjects such as account- that the two of them ought to get Crain’s.” fecting Michigan will get more at- ing, business etiquette, ethics, customer United States Steel Corp. some things moving. But you’ve tention in Washington as the service and public speaking. is scheduled to announce a got to work with the three to make state’s congressional delegation Each student who completes the two- $1 million gift to the New NSIDE things happen.” I assumes more powerful roles. year program successfully will be eligible Detroit Science Center on Capitol Briefings: Gap Tuesday’s election retained Re- U.S. Rep. John Dingell, D-Dear- to receive an initial investment of at least Wednesday morning. between revenue, publican control of the state Sen- born, is in line to become the next $25,000 from Bizdom to start their business- The donation will help spending grows. ate but put Democrats in charge of Page 6. chairman of the House Energy and es. The graduates can receive an invest- fund a collection of new ex- the House of Representatives, giv- Commerce Committee and John ment of up to $500,000 for meeting mile- hibits which will be known Proposal 2 fallout: ing Granholm stronger negotiat- Some retool policies; Conyers, D-Detroit, is poised to be- stones within their businesses. as the “United States Steel ing power and a new ally. others get ready to come chairman of the House Judi- Bizdom will pay for students to live at Fun Factory,” said Kelly For business, the most urgent fight. Page 7. ciary Committee. The Towers, Wayne State’s newest resi- Fulford, director of public matter atop most lists is for College boards: “Having Mr. Conyers and Mr. dence hall, and the student’s meals. The in- relations and marketing at Granholm and lawmakers to find a Democratic sweep Dingell having such important po- stitute also will lend each of them a laptop the science center. puts Domino’s CEO off and Blackberry for their academic use. See This Just In, Page 2 UM board. Page 40. See SBT, Page 41 See Impact, Page 40 See Bizdom, Page 38

Cerenis to The $73 million New donors power $5.3B in receive record pennant, capital campaigns, Page 11;

NEWSPAPER VC deal, Page 3 Page 3 Campaign list, Page 18 DETROIT BUSINESS MAIN 11-13-06 A 2 CDB 11/10/2006 6:51 PM Page 1

Page 2 CRAIN’S DETROIT BUSINESS November 13, 2006

expects to step down once a re- North America,” Cooper Stan- Triangle Development Vice Shores on Thursday was OK’d by THIS JUST IN placement is named in the first dard President and COO Ed Hasler President Pierre Nona said if ap- the planning commission, City quarter of 2007. said in a statement. proved, construction could start Council and zoning board. ■ From Page 1 The bank has increased its as- — Brent Snavely early next year. The first phase Robert Liggett, owner and chair- sets from about $2 billion when he would involve three buildings: a man of Big Boy Restaurants Interna- The Science Center expects to joined the company as president medical office, a retail/office tional L.L.C., bought the communi- open the exhibits to the public dur- in April 2001 to about $4 billion. Award program announced building and the parking deck. ty movie theater in 2004, said ing the North American International — Tom Henderson Nominations and applications — Anjali Fluker Bruce Ferguson, CFO of Liggett Auto Show in January, she said. are being accepted for Michigan Management L.L.C.. — Sherri Begin HUD gives $5.2M grant 50 Companies to Watch, an award Homes, sites to be auctioned Shores Theater was expected to program that recognizes fast- close Sunday to begin construc- Neumann Homes is selling 23 to Lutheran Social Services growing small businesses that tion, Ferguson said. New VP/GM for TV stations homes, 24 condominiums and 40 — Anjali Fluker Detroit-based Lutheran Social have passed the startup phase. Trey Fabacher on Friday was home sites in a large auction Nov. Services of Michigan last week won The program is sponsored by named vice president and general 19. According to the brochure a $5.2 million grant from the U.S. the Edward Lowe Foundation. Win- Novi bank sells stock manager of Detroit CBS affiliate ners will be recognized at a din- from Benj. E. Sherman & Sons Auc- Department of Housing and Urban tion Services Group, Warrenville., The Main Street Bank in WWJ-TV62 and CW network affili- Development. The grant will fund ner April 12 at the Kellogg Hotel Northville has begun selling $3.5 ate WKBD-TV50. The stations oper- and Conference Center in East Ill.-based Neumann plans to hold a 46-unit apartment building on the auction at the Somerset Inn in million worth of common stock to ate as a CBS-owned duopoly in the site of the now-closed Calvary Lansing. Troy. The homes are in 12 com- fund loan growth. Previously, the Southfield. Senior Center on Detroit’s east The deadline for nominations munities around metro Detroit. bank, founded in 2004, had raised Fabacher most recently was side. Lutheran Social Services is Nov. 17 and the deadline for ap- Opening bids begin at $150,000 for $15.5 million in several rounds. vice president and general man- said the project would be for low- plications is Dec. 1. Companies The stock is not traded pub- ager at KSTW-TV11, the CW affili- income seniors. Construction can apply for the awards without homes and $30,000 for land. — Jennette Smith licly. It is available only to accred- ate in Seattle. He previously should begin by next summer. being nominated. ited, high-net-worth individuals. For more information or to ap- worked in Detroit as local sales — Jennette Smith Theater expansion OK’d For information, call President manager for WDWB TV20, the Gran- ply, visit companiestowatch.org. and COO Audrey Mistor at (248) ite Broadcasting-owned WB net- Cooper-Standard to close plant — Sheena Harrison After two years’ delay, a $3 mil- 449-3700, or e-mail amistor@ work affiliate that earlier this lion, 5,700-square-foot expansion mainstreetbank.net. year became part of MyNetworkTV. Novi-based Cooper-Standard Au- Novi to consider Main St. plan of the Shores Theater in St. Clair — Tom Henderson Fabacher replaces Shaun Mc- tomotive Inc. said Friday that it Donald, who recently became plans to close its fluid systems The Novi City Council today was president and general manager of service and parts prototype plant expected to consider approving CORRECTIONS five CBS stations in Florida. in Tawas City. preliminary site plans for a Ⅲ A story on Page 1 of the Oct. 30 edition should have said Warren- — Bill Shea The decision will affect 65 jobs. mixed-use project in the city’s based Noble International Ltd. expects 2006 sales of $1.1 billion and earn- Cooper-Standard said it will Main Street area. ings before interest, taxes and depreciation of $122 million after it ac- transfer service, low-volume pro- Farmington Hills-based Trian- quires Tailored Blank Arcelor. In 2007, Noble is expecting revenue of Bank president to retire $1.2 billion and EBITDA of about $140 million. duction, and prototypes to other gle Development Co. Inc. has pro- Ⅲ Bruce Nyberg, Troy-based presi- plants in 2007. posed a 20-acre, $100 million de- On the list of Largest Metro Detroit Employers in the Nov. 6 issue, dent of Huntington Bank’s eastern “The consolidation of this facil- velopment that would include 401 the address and phone number for No. 5, Detroit Public Schools, was Michigan region, has announced ity is necessary to better align homes, retail and office space, listed incorrectly. The correct information is 3031 W. Grand Blvd., his retirement from the bank and our manufacturing capacity in and a parking garage. Detroit; (313) 873-3111; www.detroitk12.org.

2007 Audi A4 2.0 T 2007 Audi A6 quattro 2007 Model Interest Rate Down payment $ 1487 Down payment $ 3000 As low as * Refundable security deposit $ 400† ** Refundable security deposit $ 575† $ Acquisition fee $ 575 $ Acquisition fee $ 575 % 359 Mo. First month’s payment $ 380 529 Mo. First month’s payment $ 561 1.9 *** Amount due at lease inception $ 3126 Amount due at lease inception $ 4802 APR Up to 60 months 24 Month Lease Excludes Taxes, Title and Dealer Fees. 36 Month Lease Excludes Taxes, Title and Dealer Fees. + $2500 Additional Savings Audi Farmington Hills 37911 Grand River Farmington Hills, MI (800) 916-1306 www.suburbandirect.com

“Double Best Pick” based on 31 mph side impact crash test and 40 mph frontal offset crash test performed by the Insurance Institute for Highway Safety. For details, see www.iihs.org. For A4 24-month 15k mi/yr and A6 36-month 10K mi/yr closed-end leases for qualified customers by AFS,Inc.Must take delivery by November 30, 2006. Required dealer contribution could affect final negotiated transaction. Lessee responsible for insurance and may have some financial liability at lease end. Lessee responsible for 25¢/mile over 10,000 miles per year and a disposition fee of $350 due at lease end. *Rate based on $31,410 MSRP of 2007 Audi A4 2.0 T sedan Auto trans, Premium pkg., Cold weather pkg. and destination charge. Purchase option at lease end for $22,615. **Rate based on $47,270 MSRP of 2007 Audi A6 3.2 sedan with quattro all-wheel drive including 6-speed auto transmission,premium pkg., and destination charge. Purchase option at lease end for $26,471. *Refundable security deposit return subject to excess mileage and wear charges. For details, consult Audi Farmington Hills. Vehicles may not be equipped as displayed in ad. ***1.9% APR financing available on all new 2007 A6 models only through AFS, Inc. to qualified buyers through December 31, 2006 for up to 60 months. Financing example: 1.9% APR financing for 60 months equals a monthly payment of $21.96 per $1000 financed for qualified AFS buyers regardless. $2500 additional savings based on supplier program eligibility. Payment does not include destination fees, tax, title and license. Not all buyers will qualify for lowest rate. See dealer for details. “Audi,” “Never Follow,” “A3,” “A4,” “A6” and the four rings emblem are registered trademarks of AUDI AG. DETROIT BUSINESS MAIN 11-13-06 A 3 CDB 11/10/2006 6:43 PM Page 1

November 13, 2006 CRAIN’S DETROIT BUSINESS Page 3 CRAIN’S Cerenis to get $53.5M in VC INDEX daq when and if there is an initial Retention: Unibar public offering. Biotech firm’s deal is largest in state history Maintenance Co-founder and CEO Jean-Louis Services BY TOM HENDERSON The deal, according to Emily Ann Arbor-based biotech QuatRx Dasseux, who got his MBA from the uses training, CRAIN’S DETROIT BUSINESS Mendell, vice president of strategic Pharmaceuticals Co. in December University of Michigan, is based in benefits to affairs and public outreach for the 2004. France, so he can be close to re- keep Ann Arbor-based biotech compa- Virginia-based National Venture Capi- Last July, Cerenis got its first VC searchers at the University of Toulouse employees. ny Cerenis Therapeutics Inc. will an- tal Association, is the largest state investment of $30.5 million. and France’s National Institute for Sci- Page 28. nounce today at the American Heart deal in her database, which goes Cerenis Therapeutics Holding was ence and Medical Research. Dasseux, Novi boom: Developer Association’s scientific conference in back to 1980. founded in March 2005 by two former who holds numerous U.S. and inter- looks for new site to build Chicago that it has agreed to terms She said it is the third-largest executives of Ann Arbor-based Espe- national patents, including several hotel. Page 29. on what is probably the largest ven- biotech deal in the U.S. this year. rion Therapeutics who left the compa- for potential cardiovascular drugs, Property use: New EPA ture-capital investment in state his- New Jersey-based Amicus Therapeu- ny when it was acquired by Pfizer Inc. was Esperion’s senior vice president rules may raise engineering tory: $53.5 million from U.S., French, tics Inc. has the year’s largest deal, in 2004. In June 2005, Cerenis Thera- of business development and tech- fees. Page 32. Swedish, German and Japanese in- $60 million in September. The previ- peutics Inc. was incorporated in nologies. vestment firms to help bring its cho- ous largest deal in Michigan since Delaware as a wholly owned sub- These organizations appear in this week’s Crain’s Detroit Business: lesterol-fighting drugs to market. 2000 was the $31 million received by sidiary so it could go public on Nas- See Cerenis, Page 36 ACCESS ...... 15 Affinia Group Inc...... 40 Anderson Economic Group L.L.C. . . . 3 Assoc. of Fundraising Prof. . . . 11, 12 ASTI Environmental ...... 32 3RD QUARTER EARNINGS AT&T Inc...... 40 For complete results visit www.crainsdetroit.com Awrey Bakery Inc...... 16 Without automakers; Belmar Development Group L.L.C. . 32 57 reporting companies. Beringea L.L.C...... 36 Bizdom U...... 1 261% Center for Michigan ...... 6 $1.2 Cerenis Therapeutics Inc...... 3 Mike and Marian Ilitch are $321.4 billion million Champion Enterprises ...... 36 reaping another benefit Citizens Research Council ...... 6 Comerica Bank ...... 32 from the Detroit Tigers’ 2006 2005 successful 2006 Cranbrook ...... 14 campaign. With automakers; DaimlerChrysler Corp. Fund ...... 14 59 reporting companies. Detroit Regional Chamber . . 7, 33, 40 Detroit Renaissance Inc...... 11, 41 2006 2005 Detroit Tigers ...... 3 Domino’s Pizza Inc...... 40 $4.7 $1.7 DTE Energy Co...... 4, 40 billion EDF Ventures ...... 36 billion Energy Conversion Devices ...... 28 185% Entrepreneurs Organization ...... 23 Source: Individual companies Enviro Matrix Inc...... 32 Esperion Therapeutics ...... 3 Ford Motor Co...... 3 Ford Motor Co. Fund ...... 14 General Motors Corp...... 3 General Motors Foundation ...... 14 3Q a good one Guest House ...... 13 Henry Ford Health ...... 13 Henry Ford, The ...... 13 Independent Bank ...... 37 ITC Holdings ...... 29 for local firms, John Bailey & Associates ...... 1 Kalabat Cos...... 29 LaSalle Bank ...... 17 Lear Corp...... 36 Little Caesars Pizza ...... 37 Loomis Sayles & Co. L.P...... 3 if you ignore MacLeish Building Co...... 40 Masco Corp...... 12, 13, 36 Matilda R. Wilson Fund ...... 17 Mercedes-Benz Financial ...... 23 Michigan Manufacturers Association 40 auto industry Michigan State University . . . . . 6, 11 NEWSCOM Miller, Canfield, Paddock and Stone 7 North Pointe Holdings Corp...... 36 BY TOM HENDERSON Novi Hospitality L.L.C...... 29 CRAIN’S DETROIT BUSINESS Oakland Community College ...... 6 Oakwood Healthcare ...... 12, 13 Local financial analyst David Sower- Pfizer Inc...... 3 Public Sector Consultants Inc...... 6 by said a compelling case can be made Pulte Homes ...... 36 The $73M pennant for a successful quarter for local public PVS Chemicals Inc...... 16 companies — if you disregard the auto- QuatRx Pharmaceuticals Co...... 3 Quicken Loans/Rock Financial . . . . 1 motive industry. Remington Group ...... 11 “I would look (nationally) at the third Rock Financial JA Finance Park . . . 23 Estimate: Team’s value jumps from $292M to $365M quarter and call it the great U.S. profit Seizert Capital Partners L.L.C. . . . . 36 SEMCOG ...... 33 machine. When I go locally, it’s two dif- Soil and Material Engineers Inc. . . 32 ferent stories,” said Sowerby, portfolio Spectrum Automation Co...... 41 BY ROBERT ANKENY ues changed. Last year, Forbes listed manager and chief market analyst for St. John Health ...... 11, 12 CRAIN’S DETROIT BUSINESS the Tigers at $292 million, in 21st TCF Bank Michigan ...... 37 TIGERS RISING Bloomfield Hills-based Loomis Sayles & Unibar Maintenance Services Inc. . 28 place; after the 2004 season, the fran- Co. L.P. The Detroit Tigers trip from worst to The rising value of University of Michigan ...... 11, 40 chise was valued at $239 million, in $365M “One we know well, auto producers Varnum Riddering ...... 7, 40 first — with 119 losses in 2003 to an the Detroit Tigers: 22nd place. and auto suppliers. But you look at the Visteon Corp...... 36 American League pennant in 2006 — Warner Norcross & Judd L.L.P. . . . . 32 The “contender” factor, Anderson $292M nonauto companies, and you see a lot of boosted the team’s franchise value to Wayne and Joan Webber Foundation 16 said, creates a value premium for the double-digit growth, and that’s a story Wayne State University . . . . 1, 13, 40 an estimated $365 million, up more Tigers, and perennial favorites such that hasn’t been cited enough: the suc- WJBK-TV2 ...... 16 than 53 percent since a 2004 post-sea- $239M WSU Red Cross Club ...... 17 as the New York Yankees, with the ex- cess of Michigan’s nonauto companies.” son calculation by Forbes Magazine. pectation of future winning seasons Fifty-nine reporting companies in BANKRUPTCIES ...... 6 The new numbers are in a study be- encouraging ticket and merchandise Southeast Michigan had combined loss- BRIEFLY ...... 30 ing released this week by Anderson sales above those expected for a typi- es of $4.7 billion for the most-recent BUSINESS DIARY ...... 24 Economic Group L.L.C., a Lansing-based CALENDAR ...... 22 cal baseball franchise. Forbes listed quarter, compared with combined loss- economic and business consultant. CAPITOL BRIEFINGS ...... 6 es of $1.7 billion for the same quarter “One of the key things that drives the Yankees as worth nearly $1.03 bil- CLASSIFIED ADS...... 34 last year. (Most of the companies had valuation is that a team be a con- lion, the top-valued baseball franchise DIVIDENDS...... 4 quarters ending Sept. 30, with a few re- tender, consistently winning, even if after the 2005 season. EARNINGS ...... 4 porting for quarters that ended on other KEITH CRAIN ...... 8 they do not win it all,” said Patrick Tigers CFO Steve Quinn said the dates.) LETTERS ...... 9 Anderson, a principal in the Ander- team is very pleased to have once Ford Motor Co. heavily skewed the MARY KRAMER...... 8 son Group. again captured the interest — and dis- 2004 2005 2006 most-recent quarter, with a loss of $5.8 OPINION ...... 8 The revised valuation estimate cretionary income — of fans. billion; General Motors Corp. skewed the PEOPLE ...... 26 would vault the Tigers into 13th place “Our number one goal of the off sea- Source: 2004-05 estimates RUMBLINGS...... 42 from Forbes; 2006 estimate same quarter last year, with a loss of son is to add to our season-ticket base WEEK IN REVIEW ...... 42 in the Forbes list among 30 major- from Anderson Economic Group league clubs, if no other franchise val- See Tigers, Page 37 See Earnings, Page 36 DETROIT BUSINESS MAIN 11-13-06 A 4 CDB 11/10/2006 5:47 PM Page 1

Page 4 CRAIN’S DETROIT BUSINESS November 13, 2006 TAKING STOCK NEWS ABOUT DETROIT AREA PUBLIC COMPANIES DTE Energy EARNINGS Aastrom Biosciences Inc. Nasdaq: ASTM Net income ...... $4,262,000 $6,646,000 Earnings per share ...... $.47 $1.33 1st Quarter June 30 2006 2005 plans Revenue ...... $180,000 $104,000 Rockwell Medical Tech. Nasdaq: RMTI Net income ...... ($3,488,000) ($4,057,000) Earnings per share ...... ($.03) ($.03) 3rd Quarter Sept. 30 2006 2005 Revenue...... $7,379,201 $7,828,262 CMS Energy Corp. NYSE: CMS Net income ...... ($1,621,669) $156,177 to sell $1B 3rd Quarter Sept. 30 2006 2005 Earnings per share ...... ($.14) $.02 Revenue ...... $1,462,000,000 $1,307,000,000 9 months †Net income ...... ($103,000,000) ($265,000,000) Revenue ...... $19,410,357 $21,238,803 Earnings per share: ...... ($.47) ($1.21) Net income ...... ($3,419,944) $350,848 9 months: Earnings per share ...... ($.31) $.04 in assets Revenue ...... $4,890,000,000 $4,382,000,000 †Net income...... ($58,000,000) ($88,000,000) Rofin-Sinar Technologies Nasdaq: RSTI Earnings per share: ...... ($.26) ($.42) 4th Quarter Sept. 30 2006 2005 BY AMY LANE † - 2006 figures include after-tax charge of $169 Revenue ...... $116,091,000 $98,938,000 million or 76 cents a share related to investment in CRAIN’S DETROIT BUSINESS Net income ...... $13,684,000 $12,311,000 a natural-gas power plant and pipeline in Chile. Earnings per share ...... $.87 $.79 DTE Energy Co. on Tuesday an- 12 months DTE Energy Co. NYSE: DTE Revenue ...... $420,890,000 $375,191,000 nounced a plan to sell some $1 3rd Quarter Sept. 30 2006 2005 Net income ...... $49,623,000 $37,975,000 billion in assets throughout its Revenue ...... $2,196,000,000 $2,060,000,000 Earnings per share ...... $3.16 $2.44 nonutility operations. Net income...... $188,000,000 $4,000,000 Detroit-based DTE (NYSE: Earnings per share: ...... $1.06 $.02 Semco Energy Inc. NYSE: SEN 9 months: DTE) said its plans encompass Revenue ...... $6,726,000,000 $6,310,000,000 3rd Quarter Sept. 30 2006 2005 business lines that include: Net income ...... $291,000,000 $155,000,000 Revenue ...... $64,192,000 $62,310,000 ■ Four natural-gas-fired pow- Earnings per share: ...... $1.64 $.89 Net income ...... ($6,537,000) ($8,339,000) Earnings per share: ...... ($.18) ($.27) er-generating units that are Energy Conversion Devices Nasdaq: ENER 9 months: used only in the summer to Revenue ...... $432,703,000 $384,503,000 1st Quarter Sept. 30 2006 2005 meet peak electricity demand. Net income ...... $1,171,000 ($8,165,000) Revenue ...... $27,182,244 $23,247,536 Earnings per share...... $.03 (.28) Two plants are in Michigan, one Net income ...... ($2,301,675) ($6,208,254) FRIEDMAN is in Illinois and one is in Indi- Earnings per share ...... ($.06) ($.22) EXCEEDING THE STANDARD OF EXCELLENCE ana. DTE said it plans to “sell, First Mercury Financial Corp. NYSE: FMR exit or redeploy” the peaker DIVIDENDS plants and could receive $50 3rd Quarter Sept. 30 2006 2005 Company Amount Payable Record Revenue ...... $33,576,114 $34,154,689 date date million to $150 million in pro- †Net income ...... $6,925,000 $5,968,000 2006 2006 ceeds. Earnings per share ...... $.55 $.36 Oxford Bank Corp...... $.30 12-8 11-24 ■ Gas production from shale 9 months Revenue ...... $102,984,901 $91,998,313 formations in northern Michi- †Net income ...... $18,271,000 $17,884,000 gan and Texas. DTE drills for Earnings per share ...... $1.48 $.95 and produces natural gas from †- Company went public on Oct. 23, 2006. It re- State OKs Consumers deal Wilshire Plaza North Wilshire Plaza West Crystal Glen the formations, and is exploring leased data for periods it was still private. 900 Wilshire Drive 1050 Wilshire Drive 39555 Orchard Hill Place the sale of a portion of the as- State regulators have given Con- Troy, Michigan Troy, Michigan Novi, Michigan ITC Holdings Corp. NYSE: ITC sets, which include land and re- sumers Energy Co. a green light to *From 1,000 to 16,000 SF For Lease* *From 1,800 to 20,000 SF For Lease* *From 1,000 to 12,000 SF For Lease* 3rd Quarter Sept. 30 2006 2005 serves. The company expects sell its interests in the Midland Co- Each Building Has Space Immediately Available For Lease. Revenue ...... $63,004,000 $66,047,000 generation Venture. For Further Information on Any Availabilities, Please Call: sales in this area to produce Net income ...... $16,497,000 $13,493,000 proceeds of $250 million to $1 Earnings per share: ...... $.48 $.40 The Michigan Public Service Com- 9 months: 248.324.2000 billion. mission on Thursday approved an Exclusive Leasing and Management By: Revenue ...... $150,548,000 $159,225,000 agreement in which Consumers ■ DTE’s power and industrial Net income ...... $27,178,000 $32,979,000 business sector, which includes Earnings per share: ...... $.80 $1.03 will sell its interests to GSO Capital Partners L.P. and Rockland Capital En- 34975 W Twelve Mile z Farmington Hills, MI 48331 ventures in which DTE oper- North Pointe Holdings Nasdaq: NPTE WWW.FRIEDMANREALESTATE.COM ates electric systems for large ergy Investments for $60.5 million, as industrial customers and sup- 3rd Quarter Sept. 30 2006 2005 announced in July. Revenue ...... $22,149,000 $23,489,000 CMS Energy Corp. (NYSE: CMS) plies energy and services. DTE Net income ...... $2,166,000 $511,000 said it is looking at selling an Earnings per share ...... $.24 $.10 subsidiary Consumer Energy has a approximate 50 percent equity 9 months 49 percent interest in the venture. Revenue ...... $67,096,000 $70,918,000 interest in selected ventures, — Amy Lane and refinancing debt. Overall, DTE said it expects transactions to generate cash STREET TALK proceeds of about $1 billion. The company plans to use sale pro- THIS WEEK’S STOCK TOTALS: 50 GAINERS, 22 LOSERS, 6 UNCHANGED ceeds to reduce debt and repur- 11/10 11/3 PERCENT chase common stock. CDB’S TOP PERFORMERS CLOSE CLOSE CHANGE An initial repurchase of 1 1. Borders Group Inc. $23.46 $20.52 14.33 Tired of spending million shares of common stock 2. Visteon Corp. 8.26 7.37 12.08 will begin this month, DTE 3. Universal Truckload Services Inc. 25.69 23.32 10.16 all your time said. 4. Energy Conversion Devices Inc. 38.81 35.67 8.80 In a news release, DTE Chair- 5. Covansys Corp. 23.40 21.53 8.69 man and CEO Anthony Earley 6. Lear Corp. 32.34 29.96 7.94 surfing and no Jr. said many 7. ArvinMeritor Inc. 15.93 14.83 7.42 of the busi- 8. Semco Energy Inc. 6.21 5.82 6.70 time dating? nesses have 9. Community Central Bank Corp. 11.50 10.80 6.50 grown to a 10. Detrex Corp. 8.50 8.00 6.25 size that en- 11/10 11/3 PERCENT ables DTE to CDB’S LOW PERFORMERS CLOSE CLOSE CHANGE sell them Stop surfing and start dating! Meeting someone online is time consuming, but 1. North Pointe Holdings Corp. $9.05 $10.15 -10.84 at It’s Just Lunch we hand select our clients’ dates and make all the “while con- 2. Rofin-Sinar Technologies Inc. 57.80 60.85 -5.01 arrangements. All you have to do is show up! Don’t waste countless hours on tinuing to fo- 3. United American Healthcare Corp. 7.69 8.06 -4.59 the computer. You’re busy enough! Give us a call and let us do all the work. cus invest- 4. Champion Enterprises Inc. 8.55 8.88 -3.72 Save hours of agonizing online with It’s Just Lunch, dating for busy professionals. ment on Earley 5. Pulte Homes Inc. 29.15 30.10 -3.16 It’s Just Lunch Directors: areas with the greatest long- 6. NAIC Growth Fund Inc. 8.25 8.50 -2.94 term potential. These monetiza- 7. Dearborn Bancorp Inc. 20.50 21.11 -2.89 tions will provide increased val- 8. Noble International Ltd. 17.86 18.38 -2.83 uation visibility and directly 9. Amerigon Inc. 8.37 8.52 -1.76 drive shareholder value 10. Federal Screw Works 14.75 15.00 -1.67 through the repurchase of par- Paula Angela Nancy PJ ent company equity and debt.” Source: Bloomberg News. From a list of publicly owned companies with headquarters Komar Curtis Kirsch Osgood in Wayne, Oakland, Macomb, Washtenaw or Livingston counties. Note: Stocks trading Amy Lane: (517) 371-5355, at less than $5 are not included. 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Page 6 CRAIN’S DETROIT BUSINESS November 13, 2006 Report: Gap Working Wealth between revenue, needs spending growing LANSING — As Michi- most services, which gan’s newly elected Legis- make up over half of experience. lature and governor pre- Michigan’s private-sector pare to start a new term, economic activity. there’s a sobering new as- Citizens Research says sessment of the state’s possible solutions to the budget condition. budget problem include Your life’s work is too important to trust The nonpartisan Citizens difficult spending choic- Research Council of Michi- es, such as: Reducing to a discount broker with a headset and a gan has charted a widen- prison populations, re- ing gap between state ducing the number of computer screen. Smith Barney Financial spending and revenue that CAPITOL BRIEFINGS higher education institu- Advisors have, on average, 16 years of will exceed $10 billion in Amy Lane tions, eliminating some 10 years. The council pre- health benefits and eligi- industry experience. dicts that unchecked, there will be bility, and eliminating state aid to a $5.9 billion gap between spend- local governments. ing and revenue for the state gen- Revenue possibilities include a eral fund, and a $4.5 billion gap in sales tax on services, and raising the state school aid fund. Michigan’s personal income-tax And even if Michigan’s economy rate and increasing the exemption. improves, the state won’t grow out The research council isn’t alone of the problem, said Tom Clay, the in its thoughts that Michigan council’s director of state affairs. needs to make significant change. He was scheduled to present the Bill Rustem, president and CEO assessment today at a town hall at think tank Public Sector Consul- meeting on state tax reform spon- tants Inc., said he agrees with the sored by think tank Center for assessment that Michigan cannot Michigan and Michigan State Univer- grow its way out of structural sity. problems. “There are going to “We have an urgent problem on have to be some fundamental our hands. It wouldn’t matter who shifts in the way we do things,” he was elected governor, he or she said. would have to deal with it for the And as Granholm and lawmak- next four years,” Clay said. ers prepare to craft a new Michi- The council is trying to intro- gan business tax, Rustem said it duce a sense of where spending makes sense to at least consider and revenue forces will carry the taxing even businesses like his, state over several years, because which aren’t prone to moving out Lansing policymakers generally of state. “You tax the people who tend just to be concerned with the are going to be here, like services,” next budget year, he said. he said. Working “It seems to us that at some point, and it needs to be pretty soon, the decision-makers in Lans- Comings & goings ing are going to have to ’fess up to Frances Brown, former assistant Wealth the problem and come up with a vice president, law and govern- permanent solution,” Clay said. ment affairs for AT&T Inc.’s Michi- Escalating spending pressures gan operations, has been named needs in areas like corrections and Med- director of state governmental af- icaid, outpacing revenue growth, fairs for ITCTransmission, the elec- are helping to push the gap. Clay tric transmission subsidiary of said Michigan’s revenues grow Novi-based ITC Holdings Corp. independence. more slowly than the economy and Amy Lane: (517) 371-5355, alane@ the tax system fails to address crain.com

At Smith Barney, we don’t sell our own OCC chancellor to speak at Washington meeting “house list” of mutual funds. In fact, Oakland Community College Chan- Community Colleges. we don’t own any. That means we offer cellor Mary Spanger will travel to OCC said in a news release that Washington Wednesday to speak it has received widespread atten- independent advice. And our interest is before the 121 members of the Con- tion for its Combined Regional gressional Community College Caucus Emergency Services Training fa- what’s in your interest. about homeland security training cility, a mock town on its Auburn efforts by the nation’s community Hills campus, used as a training colleges. site for industrial accidents, haz- Spangler served as 2005-06 chair ardous materials incidents and of the Homeland Security Task biochemical terrorism response. Force of the American Association of — Sherri Begin

BANKRUPTCIES The following businesses filed for Drive, Livonia, voluntary Chapter 7. Chapter 7 protection in U.S. Bankrupt- Assets and liabilities not available. cy Court in Detroit Nov. 3-9. Chapter 7 JV Masonry Inc., 2095 H. Eddy Drive, involves total liquidation. Leonard, voluntary Chapter 7. Assets: PCSI Management Life L.L.C., dba $35,000; liabilities: $225,530.28. PVA Earth Works, 35980 Industrial — Compiled by Daniel Voros DETROIT BUSINESS MAIN 11-13-06 A 7 CDB 11/10/2006 5:48 PM Page 1

November 13, 2006 CRAIN’S DETROIT BUSINESS Page 7 Prop 2 fallout: Retooling, Working gearing up to challenge Wealth said last week. Detroit works to “The passage of Proposal 2 pre- sents us with a formidable chal- needs change programs lenge in the important work of making the state of Michigan a BY ROBERT ANKENY destination for exceptional learn- depth. CRAIN’S DETROIT BUSINESS ing, working As some lawyers head to court and living,” she trying to nullify the effects of Pro- said in a state- posal 2 prohibitions against race ment that in- or gender preferences in hiring, cluded a pledge It’s a global economy. You need more contracting and university admis- to fight for di- than a two-person firm with rented sions, other area lawyers and lead- versity. ers say they’ll work within the law “I will not al- office space. As part of Citigroup, to recognize and value diversity. low this univer- sity to go down every Smith Barney Financial Advisor In Detroit, the city is formulat- Coleman ing a uniform new policy that the path of medi- has direct access to the smartest grants preferences to Detroit- ocrity. Diversity makes us strong, based business, without regard to and it is too critical to our mission, global solutions in the industry. race or gender, Matt Allen, press too critical to our excellence — secretary for Mayor Kwame Kil- and too critical to our future — to patrick, said. simply abandon.” “The mayor has instructed Law Coleman said she has directed Department director John John- the university’s top lawyer to ex- son to review all purchasing, con- plore all legal options. tracting and hiring policies,” “I think I was as surprised as Allen said. other people with results of Pro- As Michigan’s largest, and ma- posal 2, and very disappointed,” jority-black, city, Detroit needs to said Julia Donovan Darlow who provide opportunities for equaliza- was elected last week to the Uni- tion and strategies to benefit De- versity of Michigan Board of Re- troit businesses, he said. gents. (See story, Page 40.) Kilpatrick also has scheduled “I think the university should meetings with NAACP leadership to work in all appropriate ways to plan ways to attack the limitations preserve or adhere to its goals, imposed by Proposal 2, he said. which are diversity and equal op- “Proposal 2 is the law but we portunity,” said Darlow, an attor- have to find ways to combat its bad ney in the Novi offices of Varnum effects and work around it,” Kil- Riddering Schmidt & Howlett L.L.P. patrick has said. One group, the Coalition to De- Michelle Crockett of Miller, Can- fend Affirmative Action, Integration field, Paddock and Stone plc, said and Immigration Rights By Any Means that Proposal 2 — now a constitu- Necessary has filed a lawsuit in U.S, Working tional amendment — bars prefer- District Court in Detroit. The law- ential treatment based on race, suit claims that provisions of Pro- sex, color, ethnicity or national posal 2 violate the 1964 Michigan Wealth origin for public employment, con- Civil Rights Act. tracting or education. Legal experts note that similar needs the court challenges to California’s What is not banned are existing 1996 anti-affirmative action pro- affirmative action programs man- posal were rejected by the Ninth experience, dated by the federal government as U.S. Circuit Court of Appeals. a condition of receiving federal Newly re-elected Gov. Jennifer funds, like many highway pro- independence Granholm has ordered the Michi- grams, she said. gan Civil Rights Commission to study One area that may be severely and depth Proposal 2’s impact on state pro- impacted, Crockett said, is com- grams. munications sent to women and Unless courts step in, Proposal of Smith Barney. minority-owned businesses on bid 2’s ban on race and gender prefer- opportunities. ential programs takes effect Dec. “This cannot be done in that 22. If your wealth isn’t working for you, manner under the new amend- “Diversity re- ment,” she said. “The notices will mains a critical then neither is your financial advisor. have to be more global.” component to Come to Smith Barney, Agencies seeking to assist mi- the region’s eco- nority- and women-owned busi- nomic success where wealth works. nesses are going to have to become and the Detroit more creative to reach out to those Regional Cham- who need to be targeted for oppor- ber will contin- tunities to engage in public con- ue to promote To learn more about working wealth tracting, Crockett said. diversity as a or to order a free copy of our brochure, A labor and employment lawyer Blouse business imper- who also specializes in working ative in the broadest of terms,” call 1.800.Smith Barney or visit with minority businesses, Crock- said Chamber President and CEO smithbarney.com/workingwealth ett said her law firm is hosting a Richard Blouse Jr. series of seminars on Proposal 2 “Major challenges remain be- between Nov. 27 and Dec. 15, with fore us in transforming our econo- details to be announced this week. my to compete in a diverse and The University of Michigan likely global economy. To meet these will seek court approval to com- challenges we will have to contin- plete the current admissions cycle ue to value diversity.” © 2006 Citigroup Global Markets Inc. Member SIPC. Smith Barney is a division of Citigroup Global Markets Inc. Smith Barney is a service mark of Citigroup Global Markets Inc. and its affiliates and is used and registered throughout the world. Citigroup and the Umbrella Device are trademarks and service marks of Citigroup Inc. or its affiliates and under present guidelines, univer- Robert Ankeny: (313) 446-0404; are used and registered throughout the world. Working Wealth is a service mark of Citigroup Global Markets Inc. sity President Mary Sue Coleman [email protected] DETROIT BUSINESS MAIN 11-13-06 A 8 CDB 11/10/2006 4:00 PM Page 1

Page 8 CRAIN’S DETROIT BUSINESS November 13, 2006 OPINION It’s time for leadership ast week’s vote totals should give Gov. Jennifer Granholm confidence to lead in bold ways and exercise L true executive power in her second term. As tempting as it may be to blame a Republican Legislature for Michigan’s inability to deal with its economic crisis more forcefully, a Democratic-controlled state House will allow no such excuse over the next four years. We never bought “partisan stalemate” for the slow pace of key issues as a business tax overhaul. After all, President Rea- gan unleashed his Reagan Revolution when Congress was con- trolled by Democrats. Our incumbent governor has tremendous communication skills. Those powers will help in the big tasks ahead. The gap between tax collection revenues and state spending is widen- ing, to an estimated $10 billion over the next 10 years. The first task is revamping the business-tax structure. De- mocrats will be tempted to levy more and higher taxes to fix the state. But increasing taxes without seriously re-evaluating spending priorities is a mistake. Medicaid and prisons are two huge pieces of the budget that need to be reviewed to free as- sets to increase investments in other key areas, such as higher education and workforce training. This fall’s rhetoric encouraged voters to think Michigan could somehow buck the “world-is-flat” economic realities. Michigan needs to retain and attract advanced manufacturing as well as knowledge-based companies. Defining issues in “us LETTERS vs. them,” management vs. labor terms will not help. Granholm has a chance to create a new rhetoric that helps residents understand that offshore jobs aren’t the enemy. The University is truly diverse real enemy is nostalgia for an economic order that no longer exists. That nostalgia will prevent Michigan from making the Editor: Crain’s Detroit Business for 16 years during its heydays. necessary changes to create a stronger economy. It was so interesting to read welcomes letters to the editor. Several of the people highlighted about my alma mater, the Univer- All letters will be considered for in your article were students of sity of Detroit Mercy, in your Oct. publication, provided they are mine — outstanding ones, at that. ... and to bring home the bacon 23 article “Circle of influence.” signed and do not defame One of the featured alums, Jerry The Irish Mafia is enhanced by the individuals or organizations. Fitzgerald (CEO, Oakwood Health), Is Michigan the AARP’s new favorite state? Polish Mafia, the Italian Mafia, Letters may be edited for clarity had a father who was longtime With Democrats controlling the U.S. Senate and House, and now a remarkable diverse stu- and length. dean of the UDM business school three prominent members of Michigan’s congressional delega- dent body that encompasses new Write: Editor, Crain’s Detroit and had the good taste to hire me. immigrants, African-Americans, Business, 1155 Gratiot Ave., However, my favorite story tion likely will be in key positions of power: U.S. Rep. John standard students and mature Detroit, MI 48207-2997. about UDM alums involves a law- Dingell, 80, chair, House Energy and Commerce Committee; working individuals. E-mail: [email protected] suit. Several years ago I was called U.S. Rep. John Conyers, 77, chair, House Judiciary Committee, When I attended a graduation in to give a deposition for a lawsuit in and U.S. Sen. Carl Levin, 72, chair, Senate Armed Services 1996, I admired the richness of the for future students. Wayne County Circuit Court with Committee. diversity within the student body. Noreen Keating UD as the defendant. The plaintiff was a former UD employee and a To these three and the other members of the Michigan dele- It reflects the same issues that Enhancing Your Nonprofit your article featured in the con- Auburn Hills Catholic. I noticed that the lawyer gation, we ask two things. versation with Justice Ryan. UDM A professor remembers representing the plaintiff was Jew- First, meet together and often as a bipartisan delegation. has been the bridge for countless ish. I was quite surprised and in- The party label doesn’t matter; it’s the results the delegation lower-income and immigrant stu- Editor: quired as to why this firm was be- can bring for Michigan and its economy that counts. dents on the path to a brighter fu- Your article on prominent Uni- ing used. I should have guessed the reply: The plaintiff tried to get an- Second, bring home some pork. Michigan is in the bottom ture. In the process, it has become versity of Detroit Mercy alumni (“Circle of influence,” Oct. 23) other firm, but all of the lawyers tier of states in terms of return on tax dollars sent to the na- a positive force in the greater De- troit community. brought back some great memo- he contacted were alumni of the tion’s capital. We don’t need a “bridge to nowhere,” but transit As a child of immigrants, I ries. I had the privilege of being a UD Law School and rejected the spending, defense contracts and research dollars for biotech salute UDM for its past successes faculty member in the UDM case. By the way, they had a simi- seem in order. and encourage it to stay the course School of Business Administration See Letters, Page 9

KEITH CRAIN: And why did I think it was all over? I had this great feeling of relief will control the U.S. surprised and pleased to means that many folks inter- the presidential election is that we last week when the elections were Senate and House of see that our precinct was viewed by pollsters didn’t say have our presidential primaries over. It really didn’t matter what Representatives? crowded fairly early in what they really thought and how early enough to have some impact the results were, although obvi- As if the pundits the morning. they really were voting. on the selection process that oc- ously they were a real eye-opener. aren’t enough, we have Last week’s results I wish we all would do that more curs in each party’s convention. The good news was the political candidates jockeying also showed that poll- often. The idea that pollsters are Maybe we’ll have a brief respite ads and speeches were over. Now for position. About the sters can’t predict the fu- going to tell me how the election is while the Democrats take over the we could watch to see if those only respite we’ll have ture. A great example is going to turn out days and weeks Congress. But then it will start all elected could deliver anything is that we probably their inability to tell over again. With our president before the actual event is some- close to what they promised. won’t have many politi- what was really going on leaving office in two years, we’ll But I was wrong. cal ads on the airwaves in the minds of voters on thing that has always irritated me. have double the campaigning for The election season isn’t over. for a little while. The Proposal 2, the affirma- Although I know how important both parties starting just about It’s just begun. Already the colum- broadcasters are going tive action ban. The polls those polls are to the candidates, I now. nists and the talking heads are dis- to have to go back to selling their showed it was a close issue, but have a certain joy in watching Just remember, it’s not perfect, cussing the great election of 2008. wares again. when votes were tallied, it was re- them miss the mark. but it’s way ahead of anything Who will run for president? Who When I voted last week, I was soundingly passed. That simply The only thing that I hope about else. DETROIT BUSINESS MAIN 11-13-06 A 37 CDB 11/10/2006 6:28 PM Page 1

November 13, 2006 CRAIN’S DETROIT BUSINESS Page 37 Tigers: Team’s value takes a jump in wake of AL pennant ■ From Page 3

and to fill in those April dates and sellout crowds in the playoffs. The Detroit Tigers now have the League Baseball teams between when weather can be a factor.” You even see it in It also renewed the interest of proven capability to generate fan 1995 and 2004. “The correlation be- The Tigers drew nearly 2.6 mil- “ baseball fans throughout Michi- interest and revenue, Anderson tween the recent performance and lion during the 2006 season, second gan, he said. said. current franchise value is very only to the 1984 season when the eBay sales of Tigers “Even fans without tickets came And fan followings outside of high at 75 percent,” he said. team last won the World Series. downtown to watch the games in memorabilia and Detroit also are growing because The study also compared rev- Tigers officials could not be bars or restaurants, from outside the team is likely to continue to be reached for comment on Friday. enue and performance of major licensed team the stadium or from parking a contender, Anderson said. “You Little Caesars Pizza founder Mike European football (soccer) teams garages or rooftops,” he said. even see it in eBay sales of Tigers Ilitch purchased the Detroit Tigers that are publicly traded with their clothing. Revenue added during the post- memorabilia and licensed team for an estimated $84 million in stock values, including Great ” season play only has a small im- clothing,” he said. 1992. Patrick Anderson, Britain’s Manchester United, The Tigers financed about half pact on valuation change, Ander- Ilhan Geckil, senior economist Anderson Economic Group Madrid in Spain, Milan in Italy of the $350 million-plus spent to son said. “It’s the expectation of with Anderson Group and co-au- and Fenerbahçe in Turkey. build Comerica Park, which improved performance translated future seasons’ revenue growth thor of the study, said the analysis opened in 2000, with the balance into added average attendance of that a potential investor purchas- compared revenue and perfor- Robert Ankeny: (313) 446-0404; paid for by local, state and federal 7,000 per game during the season es, the title to future earnings.” mance with valuation of Major [email protected] governments. The franchise still carries an estimated $73 million debt on the stadium. Anderson said that the team’s WORLD CLASS TCF Bank Michigan to sell 10 branches to CATERING Independent Bank Ann Arbor-based TCF Bank Michi- gan, a subsidiary of Minnesota- based TCF Financial Corp. (NYSE: TERS HES BS TCB), announced an agreement PLAT UNC SU Monday to sell 10 outstate branch- PARTY BOX L PARTY es to Ionia-based Independent Bank Corp. (Nasdaq: IBCP). The branches had deposits of about $235 million. Bob Scott, pres- ident of TCF Bank Michigan, said TCF wants to concentrate on larg- er urban areas. The banks were in Battle Creek, Bay City and Sagi- naw. The deal is expected to close in March 2007. It will give Indepen- dent Bank Corp. more than 120 branches in Michigan. It will leave TCF with about 55 branches. The purchase price was $31 mil- lion, according to Robert Shuster, Independent Bank’s executive vice president and CFO. — Tom Henderson

SEEKING AMERICAN DREAMERS In many ways, metro Detroit was built by the hopes and dreams of people from other countries. And foreign-born entrepreneurs will be vital to the region’s future. Crain’s Detroit Business wants to tell their stories. We are seeking nominations for first-generation immigrants who have had business success for our American Dreamers special section to be published March 26. ©2006 JIMMY JOHN’S FRANCHISE, INC. ALL RIGHTS RESERVED. If you’d like to nominate yourself or someone else for recognition in American Dreamers, please visit OVER 30 LOCATIONS IN THE DETROIT AREA crainsdetroit.com and fill out the nomination form. Nominations are VISIT JIMMYJOHNS.COM TO FIND THE LOCATION NEAREST YOU due by Dec. 15. DETROIT BUSINESS MAIN 11-13-06 A 38,39 CDB 11/10/2006 6:20 PM Page 1

Page 38 CRAIN’S DETROIT BUSINESS November 13, 2006 Bizdom: University set to teach next generation of startups ■ From Page 1 Although Bizdom will be located milestones, Biz- don’t have the funds to do it or the at Wayne State, the institute will dom will ENTREPRENEURIAL BOOT CAMP resources to do it,” Sanders said. have no academic affiliation with increase the stu- On top of the high number of Bizdom U. is an entrepreneurial institute started by Quicken Loans/Rock the university. dents’ owner- candidates, Bizdom is being highly Financial Inc. Chairman and founder Dan Gilbert that provides students with The institute is offered at no cost ship in their selective in the students it plans to free training, room and board for two years and money to develop take. Candidates must submit an to the students, although they will companies until businesses in the city of Detroit. be required to work part-time jobs they receive full application, cover letter, personal Bizdom is accepting applicants for its first class, which is scheduled to statement and résumé, attend two to pay for entertainment and other ownership. start in January. Students must be at least 18 years old, have a high school interviews and are subject to refer- “The idea is personal expenses. diploma or GED, and be available to live in a residence hall while ence and background checks. we want to get off Students who start businesses Sanders participating in the program. In his sit-down with Crain’s, with Bizdom will own a minority the cycle of dona- The deadline for applications is Dec. 1. For more information, call (734) Gilbert said he is seeking to select interest in the companies, while tions,” Bizdom Executive Director 805-5991 or email [email protected]. the best-of-the-best for each Biz- Bizdom will hold the majority in- Ross Sanders said. “If we can create dom class. terest and reinvest its share of the something self-sustaining, it helps applications, and the institute has “We’re looking for someone with “We just want to find the ab- profits into funding Bizdom opera- the city of Detroit all the better.” not yet selected its first class, an entrepreneurial bug who just solute best people that have the tions. As Bizdom graduates meet Bizdom has received about 500 Sanders said. can’t get it off their mind, but they best chance of making it,” he said. Sanders said Bizdom has to be selective because the program is going to be very intensive. “This is a tough program be- cause the business world is tough, entrepreneurship is tough,” San- ders said. “We’re trying to give people a real-world feel.” Students who have the drive to become owners of successful busi- nesses can be rather rare, said John Walston, program director for the office of program partner- ships with the New York City- based National Foundation for Teach- ing Entrepreneurship. Sanders consulted with the foundation dur- ing Bizdom’s early stages. The foundation uses entrepre- neurship as a tool to teach math, literacy and other life skills to youth ages 11 to 24 in at-risk com- Practically everything munities worldwide, and trained 28,400 students around the world last year. Walston said that while about 80 your business needs. percent of students complete the foundation’s programs, only about 1 percent to 2 percent may go on to Work more efficiently, and succeed, with a feature-rich bundle The complete start businesses that generate six- figure revenues and up. of communications tools for small business from the new AT&T. small business “That sort of student comes bundle for under across maybe once every four or For less than $95 a month, you’ll get unlimited local and nationwide five years,” Walston said. calling, high-speed Internet and Unified MessagingSM — a service Along with selecting a talented $ group of students, Gilbert has that consolidates messages from your email, fax, office phone /month worked to hire Bizdom staff that 95 he feels will be able to bring Quick- and wireless phone into a single mailbox. All consolidated onto An 18% savings en’s corporate culture into the a single bill and backed by the most complete and secure for the first year classroom and keep students moti- vated. network of the new AT&T. To order, call your local AT&T small Sanders, 45, has spent about 10 business expert at 1-888-ATT-8339 or go to att.com/essential. years with Quicken and Rock Fi- nancial, and has taken on tasks such as helping the company set up a call center, developing a na- tional branch network for the com- Including more pany and managing the relocation of Rock’s headquarters to Livonia from Bingham Farms in 1999. He left the company for a few months to become development di- productivity. rector at Think Detroit Police Athletic League, but returned when Gilbert approached him last year about de- veloping Bizdom. “I’ve grown up with wanting to do something in the city,” said Sanders, whose father worked in the Detroit Public Schools system for 45 years. Sanders has a bachelor’s in busi- ness from Michigan State University and an MBA from Wayne State. Training Leader Dan Izzo, who is not related to MSU basketball Head Coach Tom Izzo, is a Chicago att.com/essential native who graduated with honors in psychology from the University of Notre Dame and with high honors $95 Bundle Offer — Available to businesses with 1–10 lines. Promotion requires one-year term. Rate specified is for first line only. Taxes and other charges extra. For from Loyola University Chicago’s law details of additional charges, restrictions and requirements, call 888-288-1405 toll-free. Long Distance provided by AT&T Long Distance. AT&T Yahoo!® High Speed Internet school. Service Business Edition provided by AT&T Internet Services. AT&T Unified Messaging provided by AT&T Messaging. ©2006 AT&T Knowledge Ventures. All rights reserved. See Bizdom, Page 39 DETROIT BUSINESS MAIN 11-13-06 A 38,39 CDB 11/10/2006 6:18 PM Page 2

November 13, 2006 CRAIN’S DETROIT BUSINESS Page 39 Bizdom: Looking for ‘The absolute best people’ ■ From Page 38 After seven years of operating entrepreneur- gone through this particular pro- is to create and encourage a large his own residential real estate law ship support gram may be prime candidates for community of entrepreneurs,” MORE ON ENTREPRENEURISM practice, Izzo made an unconven- services. their’s,” she said. said Mariotti, who received his Crain’s will report tional move in 2004 by leaving law McClelland Steve Mariotti, a Flint native bachelor’s in business from UM. more about and opening the Improv Inferno com- said the Bizdom and founder and president of the “If you have 900,000 people that entrepreneurism edy club in downtown Ann Arbor. team seemed New York City-based National live in the community and you and fostering Izzo, 38, was inspired to open the particularly in- Foundation for Teaching Entre- have 50,000 small businesses, talent in club after years of taking and terested in DEI’s preneurship, said entrepre- you’re going to be fine.” Michigan in its teaching impro- Young CEO & neurism is “Detroit’s best chance It’s a hope that Gilbert echoed as Nov. 27 Outlook visation classes Investor Pro- for economic growth” and that Biz- he talked about his goals for mak- section in print and at www. Linkner at The Second McClelland gram, a four- dom has the potential to make De- ing Detroit a more entrepreneurial City in Chicago, crainsdetroit.com. Included will be week summer day camp in which troit a “mecca for young entrepre- region. a roundtable hosted by Crain’s and as well as direct- 14- to 17-year-olds are provided neurs” because it provides “You have to start at the founda- ing shows at Honigman Miller Schwartz and with free entrepreneurship train- training along with financial back- tion, which is creating the oppor- Cohn L.L.P. featuring Dan Gilbert various other ing, free meals, a savings account ing. tunity,” Gilbert said. and Josh Linkner, ePrize founder Chicago the- and job-placement assistance. “I think the only way for a great Sheena Harrison: (313) 446-0325, and CEO, among others. aters. “Some of these youth who have city like Detroit to grow and thrive [email protected] Improv Infer- no moved out of Izzo its location at 309 S. Main St. earlier this year fol- lowing a rental dispute, and has since begun holding shows at Live at PJ’s in Ann Arbor. Meanwhile, Izzo found out about Bizdom through friends who work for the best Quicken and decided to apply for the position. Sanders said Izzo was selected investments because of his entrepreneurial ex- perience and because his improvi- sation background will help make Bizdom’s training interesting. often have nothing “I think he knows how to teach people how to get over fear, and I think he’ll make these classes fun and engaging,” Sanders said. to do with money. Izzo will develop Bizdom’s cur- riculum and head up the insti- tute’s faculty, which will include up to four part-time instructors in the first session and about eight in Bizdom’s second session expected to start in fall 2007. Quicken staff trainers also will assist in teach- ing classes as Bizdom gets off the ground, Izzo said. The goal is to take business con- cepts and practices and teach them in a practical way, Izzo said. “You’re going to get the concept of depreciation, but you’re going to get the view of how it affects your business operations versus an ab- stract concept,” he said. “We’ve described it as street smarts meets academic Stock indexes and asset allocations are one thing. But in the end, what really matters are the investments we smarts,” Izzo added. Round- ing out the team make in the lives of those around us. At the Private Client Group, we help people manage, grow and preserve is Bizdom U. Co- ordinator Kim Delaney, who their wealth, so they can provide for those they care about most. We offer expertise in trust, private banking, worked previ- ously as a client investment management, estate administration and philanthropic endeavors; providing insightful strategies Delaney care specialist with Quicken and handles Bizdom’s day-to-day operations, such as student re- that help you achieve your goals. Take sixty minutes to learn about us. It could be one of the best investments cruitment, policy development and Web site management. Delaney, 25, is an MBA student you’ll ever make. To experience the Private Client Group please call Bill Goodhue, Market Executive, at at Wayne State, where she also re- ceived her bachelor’s degree in fi- nance. She also has experience in 248.729.8431. running a business from her work with her husband Quanta’s salon, The Barber House in Oak Park. While developing the idea for Bizdom, Gilbert and Sanders trav- eled the country visiting several urban entrepreneurship institutes in New York City, Los Angeles, Denver, Cleveland and Detroit to gather ideas. Cathy McClelland is president Managing wealth for over 160 years. and CEO of the Detroit Entrepreneur- NationalCity.com/wealth ship Institute Inc., a Detroit nonprof- ©2006, National City Corporation® it that has an 11-week entrepre- neurship program and other DETROIT BUSINESS MAIN 11-13-06 A 40,41 CDB 11/10/2006 6:54 PM Page 1

Page 40 CRAIN’S DETROIT BUSINESS November 13, 2006

The governor’s top priorities should include education, dealing with (business taxes), and immediately Brandon: Loss part of overall trend delivering small successes that we can all celebrate. It would be great if affordable health care could be a BY BRENT SNAVELY Julia Donovan Darlow won the two open spots. Darlow could cast an influential vote on a first success. CRAIN’S DETROIT BUSINESS Darlow, a longtime partner at Dickinson Wright proposal to spend $226 million that would reno- Initial successes will indicate P.L.L.C., is a partner in Varnum, Riddering, vate Michigan Stadium and would add 83 luxu- voters made the right choice. The David Brandon, who lost his bid to be re- Schmidt & Howlett L.L.P. White is a professor at ry suites, 3,200 club seats and a press box in equally necessary long-term results elected to the University of Michigan’s Board of the Wayne State University Law School. arched brick structures along its sides. can be built on the hard work of the Regents, said he likely lost because of the wave next few months and years. “At least on my prelimi- The regents voted 5-3 on May 19 to approve the of Democratic support that swept over the na- nary analysis, the avalanche As a community and a state, we project’s scope but must still vote to approve the tion and the state on Tues- of Democratic votes and the are hungry for leadership. The day. design. That vote is scheduled for Nov. 17, and a governor’s vision shared during number of people that pulled third vote to award the construction contract Candidates who run for straight Democratic vote the campaign needs to become a will be taken several months from now. reality. Then and only then will board of regents are con- levers was just more than I Darlow said she has not yet decided which this have been a victory for “the strained by the relatively low could overcome,” Brandon way she would vote. It’s also unclear whether the mom in Marquette, the amount of money they can said. Livonia worker.” raise and therefore spend on Darlow, D-Ann Arbor, vote will take place before or after she takes of- fice. Rick Williamson television and radio adver- agreed that the strong show- tisements, Brandon said, ing at the top of the ticket “I think the job of a regent is to really study Darlow ■ Brandon said, “There is helped her to win. the issues, all of the information that is before Brandon only so much you can do to However, Darlow said she ran a grass roots the board and talk to the other regents on the Now that the governor is re- create a connection with voters across the campaigned filled with events, e-mails and post board and then make a decision based on elected I think her No. 1 priority state, and you are going to be influenced to a cards. For the 10 weeks prior the election Dar- what’s best for the institution,” Darlow said. should be to hire a solid implementer. I believe the significant degree by the top of the ticket.” low, an attorney with the Novi offices of Var- Brent Snavely: (313) 446-0405; bsnavely@ governor is a very intelligent, Democrats Kathy White, an incumbent, and num, Riddering, said she campaigned full-time. crain.com sensitive and caring individual, but she is a terrible manager and has been unable to hire staff around her who can get things done. Unless she is able to learn from our business leaders the art of Impact: Biz hopes long-term Dems can help hiring people with skills and passion, our state will never gain ■ From Page 1 a profitable position. Ron Starr, Flagstar Bank sitions in Congress, businesses in Sampson, deputy secretary of the to see at least an attempt at more Detroit will have an opportunity to MICHIGAN’S DELEGATION U.S. Commerce Department, said his protectionism on the part of the ■ be heard at the highest levels,” department meets regularly with Democrats,” McCabe said. “When said Sarah Hubbard, vice presi- As the majority party in both the automotive executives and recent- Bush supported the steel tariffs — My primary concern is that she is dent of public affairs at the Detroit U.S. Senate and House come ly met with General Motors Corp. that really surprised me. It didn’t focused on providing results the Regional Chamber. “Congressman January, Democrats are in line to general public is clamoring for, Chairman and CEO Rick Wagoner seem right. But I think we are go- Dingell is known for his support of assume leadership of but that her short-term results congressional committees and in Washington. The steel tariff is- ing to see a much more active ap- will, over time, be detrimental to the auto industry and subcommittees, which allows sue is being dealt with through proach on the part of Democrats to both Michigan and the U.S. for his willingness to them to set the agenda on hearings by the U.S. International get to a level playing field artifi- Michigan (in general) has a very really help manufac- issues including the Trade Commission. cially.” negative attitude toward turing.” war in Iraq, energy and Mary Brevard, vice president of Daniel MacLeish, owner of globalization and outsourcing; Hubbard and oth- trade, and the Patriot investor relations and corporate Troy-based MacLeish Building Co. rather than resist change, we er executives are wor- Act. That’s good news for communications for Auburn Hills- and a board member of the National need to embrace it in order to Democratic members of ried that Democrats could undo based BorgWarner Inc., was in Association of Home Builders, said evolve into a population, various legislation favorable Michigan’s economy, and political Washington on Wednesday. the congressional upheaval to all businesses national- congressional environment that can foster delegation, but bad “One thing I gleaned from vari- changes the dynamics of the de- growth and development along ly and the party’s his- news for Republicans. ous conversations is that we may bate on immigration. with the rest of the world. toric ties to labor unions could Here are some of the see more attention to health care Bush has proposed a program Lina George hinder change in the auto indus- expected shifts: as an important national issue, that would allow guest workers try. But she believes the benefits Executive assistant For Democrats: given some of the shifts in Wash- into the U.S. for a limited time. will outweigh the drawbacks. O/E Learning Inc., Troy U.S. Rep. John Dingell, Dearborn, ington,” Brevard said in an e-mail. That puts him at odds with some “We have such senior members is in line to become the next “This is a key issue for the auto in- Republican lawmakers, who decry ■ of the Democratic Party in Michi- chairman of the House Energy and dustry. A dialogue on approaches such a program as amnesty for ille- gan, so yes, there is hope that they Commerce Committee. and solutions to providing better The newly elected Gov. Granholm gal workers already here. will put their influence to work … U.S. Rep. John Conyers, Detroit, coverage for all Americans would needs to pass the Big Early MacLeish said without immi- for some good, pro-business legis- is poised to become chairman of be important to us and to Michi- Significant Test by delivering the House Judiciary Committee. grant labor, the building industry results. Delivering a Big Early lation,” she said. gan.” would not be able to keep up with Significant Result like the health Chuck Hadden, vice president of U.S. Sen. Carl Levin is expected Hubbard also said if U.S. Rep. to chair the Senate Armed Forces building demand. care initiative would yield many government affairs for the Michi- Carolyn Cheeks Kilpatrick, D-De- “They call them unskilled labor, positive impacts for our state to Committee. troit, remains on the subcommit- gan Manufacturers Association, said but we call them skilled labor. Ma- build on for the future: For Republicans: tee on transportation, Michigan Democratic control in Congress sons. Carpenters. Drywallers,” he Provide health care for all U.S. Rep. Joe Knollenberg, could see more transportation dol- should boost the chances of immi- said. “If, en masse, they were sent Michigan residents because we Bloomfield Hills, loses the lars and may have a chance to gration reform, including areas back to their country of origin, you invest in our people. chairmanship of the Appropriations snare funding for mass transit. such as providing additional visas subcommittee on transportation. would see a shutdown of our in- Give Michigan businesses big That committee is currently for workers in information-tech- dustry.” and small a break on employee U.S. Rep. David Camp, Midland, chaired by Joe Knollenberg, R- nology and research and develop- steps down as chair of the Ways The city of Detroit, meanwhile, health care costs. Bloomfield Township. Boost our hurting economy not ment. Hadden also said Dingell and Means subcommittee dealing believes it is in a more influential with taxes. Even so, Hubbard and others with tax cuts, but by helping them may help automakers by crafting worry that Democrats could pur- position with Democrats, includ- U.S. Rep. Peter Hoekstra, provide health care. legislation to help spur the devel- sue measures ing Mayor Kwame Kilpatrick’s Unify “liberal” east and opment of a national alternative- Holland, loses the chairmanship of mother, Carolyn Cheeks Kil- the House Intelligence Committee. that would be “conservative” west Michigan into fuel infrastructure. bad for business patrick. who we truly are — proud, “The fact that the House and Paul Hillegonds, senior vice strongly support.” in general. innovative Michiganders. president of cor- Senate have switched hands into The Bush administration has Jerry Mc- Keith Helfrich, Northville porate affairs leadership of the Democratic Party been criticized for ignoring the Cabe, senior and communica- is going to be excellent from the ■ auto industry’s concerns about vice president of tions for DTE En- business archi- point of view of leverage for the health care costs, steel tariffs and The first thing she will need to do ergy Co., said De- tecture for Ann city of Detroit, and for the region,” other issues. Bush has put off meet- is to strategize with Sen. Carl mocrats have Arbor-based af- said Matt Allen, the Detroit may- ings with Big Three leaders for Levin, Rep. Conyers and the rest alternative en- termarket man- or’s press secretary. of her party on how they are going McCabe ergy and renew- more than six months, but is sched- ufacturer Affinia Allen said Detroit hopes it can to create a business environment uled to meet with them Tuesday. in Michigan that will attract new able energy as Group Inc., is concerned about De- get more funding for law enforce- Bush has supported steel tariffs businesses to our state and one priorities and mocrats’ ties with labor unions ment to deal with drugs, guns and that will reward existing Michigan President Bush in the past and has said the domes- and the party’s tendency to attack violence. Hillegonds businesses with incentives to also has opened tic automakers must keep their companies that are increasing Brent Snavely: (313) 446-0405, grow. Perhaps Mr. DeVos could the door to more legislative activi- commitments to workers on their manufacturing presence [email protected] help lead the meeting? ty. Hillegonds expects there may health care and benefits. overseas as they close plants in Bob Ankeny, Amy Lane and Jen- Jeff Broaddus be “bipartisan work on further en- In an interview with Crain’s the North America. nette Smith contributed to this re- Quality Cleaners, Royal Oak ergy initiatives that we would Friday before Election Day, David “I think we probably are going port. DETROIT BUSINESS MAIN 11-13-06 A 40,41 CDB 11/10/2006 6:52 PM Page 2

November 13, 2006 CRAIN’S DETROIT BUSINESS Page 41

Keep up the pressure on bringing www.crainsdetroit.com new businesses here, especially EDITOR-IN-CHIEF Keith E. Crain SBT: PUBLISHER Mary Kramer, (313) 446-0399 or creative-class business that Business wants quick action [email protected] require experienced management ASSOCIATE PUBLISHER Christopher Crain, ■ — like our displaced automotive From Page 1 (313) 446-1645 or [email protected] EXECUTIVE EDITOR Cindy Goodaker, (313) 446- managers. replacement for Michigan’s single- Tricia Kinley, director of tax policy 0460 or [email protected] Rachel North business tax, which expires at the MANAGING EDITOR Jeff Karoub, (313) 446- THE 70 E-MAIL QUESTION and economic development at the 0402 or [email protected] Director of Marketing end of 2007 and generates some $1.9 Michigan Chamber of Commerce. Kin- DEPUTY MANAGING EDITOR Michael Lee, (313) Want to know what really is the 446-0416 or [email protected] OneUpWeb billion in state revenue. ley said Michigan needs to “reduce most urgent issue facing ASSISTANT MANAGING EDITOR/FOCUS “That resolution … I Michelle Martinez, (313) 446-1622 or Gov. Jennifer Granholm? administrative ■ think, is my chief con- [email protected] It’s not SBT reform, providing overhead and BUSINESS LIVES EDITOR Shawn Selby, (313) cern,” said Tom Zim- 446-1654 or [email protected] The governor always talks about health care or even bureaucracy merman, GRAPHICS EDITOR Nancy Clark, (313) 446- businesses she has brought to balancing the state that is really 1608 or [email protected] Michigan and very little about secretary/treasurer of manu- budget. sucking money COPY EDITOR Vic Doucette, (313) 446-0410 facturer Spectrum Au- or [email protected] business retention. With the It is — drum roll please out of the class- tomation Co. in Livonia. DATA EDITOR Anne Marks, (313) 446-0418 or major problems that many small- — passing legislation room” and look [email protected] “That uncertainty is causing peo- to make it easier for WEB EDITORS Dan Eizans, (313) 446-0473 or to medium-sized businesses for efficiencies [email protected]; Roxanne Rives, (313) 446- ple to look elsewhere.” AT&T Inc. and other 6078 or [email protected] face, she should do everything like potential possible to keep them healthy And, he added: “Anyone telecommunications WEB DESIGNER/PRODUCER Ai-Ting Huang, consolidation of (313) 446-0403, [email protected] and here in Michigan so the who has their nose on providers to roll out cable TV-like services and school districts, EDITORIAL SUPPORT Anita Duncan, (313) workforce does not get any the ground, knows they’re not Kinley 446-0329; Joanne Scharich, (313) 446-0419 smaller. just going to let $2 billion go other video-related as well as ad- NEWSROOM (313) 446-0329, FAX (313) 446- offerings. 1687 TIP LINE (313) 446-6766 away.” dress teacher health care and pen- Michael Powell REPORTERS Granholm wants any replace- Or, at least that’s what the more sion costs. President/CEO than 70 e-mails Crain’s received Robert Ankeny: Covers the city of Detroit, Wayne ment tax to be revenue-neutral, The Michigan Retailers Associa- Redall Industries Inc. from AT&T employees asserted. County government, and law. (313) 446-0404 or and she may have better chances tion wants reform of Michigan’s [email protected]. Yale They probably don’t have to worry. Sherri Begin: Covers nonprofits and education. of prevailing with Democrats con- item-pricing law. “When you’re (313) 446-1694 or [email protected] House Bill 6456 is expected to ■ trolling the Andrew Dietderich: Covers health care, voted on as soon as this week by talking about making Michigan a transportation, international business and House. But the House of Representatives and bastion of high technology eco- biotech. (313) 446-0315 or One of the top priorities for Gov. [email protected]. while Granholm be passed by the Senate by year- nomic enterprise, to be doing that Anjali Fluker: Covers Macomb and Oakland Granholm should be to counties, services and environment. (313) 446- agrees with the end. and still have this horse-and-bug- adequately communicate the role 6796 or [email protected]. sense of ur- Sheena Harrison: Covers small business, retail of government in managing the gy stickering law makes no sense,” gency, it was Re- lish programs and initiatives that and nonautomotive manufacturing. (313) 446- disparity between the haves and said Tom Scott, vice president of 0325 or [email protected]. publicans that establish regional partnerships Tom Henderson: Covers banking, finance and have-nots: the middle and upper public affairs and communica- created the tax technology. (313) 446-0337 or classes and the poor and with organizations that can help tions. “Right now it’s a disincen- [email protected]. vacuum by Bill Shea: Covers media, advertising and destitute of our society. The transform the state’s economy … tive for businesses coming in, and pushing marketing, and Livingston and Washtenaw discussion should lend itself to and don’t feel like it all has to be it’s not what we want our employ- counties. (313) 446-1626 or [email protected] through the SBT state-driven.” Jennette Smith: Covers real estate and teaching, not preaching. Both Zimmerman ees in the state to be doing … walk- hospitality. (313) 446-0414 or elimination, The state’s 21st Century Jobs [email protected]. sides have a lot to learn about ing around with sticker guns the dynamics of this relationship said Liz Boyd, Granholm’s press Fund, a centerpiece of Granholm’s Brent Snavely: Covers auto suppliers, steel and rather than learning some higher- restaurants and entertainment. (313) 446-0405 and the role government plays. secretary. economic plan, helps selected in- or [email protected]. tech skill.” The tone of that discussion Boyd said Granholm’s most im- dustries and companies but does- LANSING BUREAU Sarah Hubbard, vice president Amy Lane: Covers business issues at the impacts the state’s economic mediate priority yet this year is n’t “look at the needs of communi- of government relations at the De- Capitol, telecommunications and utilities. (517) health for better or worse. passage of her proposed $4,000 ties,” Rothwell said. 371-5355, FAX (517) 371-2492, troit Regional Chamber, said she’s [email protected]. or 115 W. Allegan, Suite 220, Tim Fradeneck Merit Award scholarship. The He said Michigan faces at least Lansing 48933. hoping for an opportunity to re- Conventional Carpet Inc. scholarship, available to all stu- several more years of difficult eco- ADVERTISING new legislative debate on public Sterling Heights dents seeking to earn a two-year nomic times as the auto industry ADVERTISING DIRECTOR Marla Downs, (313) transit, particularly with Democ- 446-6032 or [email protected] college degree, technical certifica- continues to restructure, and the rats in charge of the state House. SALES INQUIRIES: (313) 446-6052; FAX (313) ■ tion, or a four-year degree, has governor needs to take strong 393-0997 passed the Senate and is expected She said there also may be a Gov. Granholm should strongly steps to lead Michigan in an im- NEW BUSINESS DEVELOPMENT MANAGER to see House action soon. chance to look at ways to fund an Cathy Ross, (313) 446-0307, [email protected] promote Michigan as the national proving direction, without worry- “Nothing is more important to- improvement of Detroit’s Cobo Cen- ADVERTISING SALES Jeff Anderson, Terri base for alternative fuel ing about the political conse- Engstrom, Matthew J. Langan, Shawn ter, a topic that Bailey said should McCracken, Tamara Rokowski, Dale Smolinski technology and industry by day than the $4,000 merit scholar- quences. ship award,” Boyd said. “And for be a Granholm priority. WESTERN ACCOUNTS Ellen Mazen (Los offering whatever incentives are “The state needs to be trans- He said Granholm needs to work Angeles) (323) 370-2477 at her disposal. this reason: Voters overwhelming- formed, it can’t have incremental CLASSIFIED MANAGER Melissa McKay, (313) ly elected Gov. Granholm on Tues- with the city and business to “find 446-1692 H. Jay Wiencko Jr. improvement,” Rothwell said. “I CLASSIFIED ACCOUNT EXECUTIVE Christina a way to renovate or to upgrade Jaranowski, (313) 446-1655 Executive director day, and in doing so, they endorsed think philosophically, this is a her economic plan. And a key com- Cobo … so that people want to con- MARKETING ASSISTANT Jennifer Dunn Community Media Network time for boldness.” MARKETING ARTIST Sylvia Kolaski ponent of her economic plan is the tinue to have shows there. In an interview last week on WJR SALES SUPPORT Suzanne Janik, Andrea Troy Merit Award, because we have to “Detroit, and all of Michigan, Beckham, YahNica Crawford AM 760, Granholm said she’s ener- have an educated citizenry, and an are losing out on millions of dol- CIRCULATION Candice Yopp, Manager. ■ gized for the second term brought PRODUCTION MANAGER Wendy Kobylarz educated work force, if we are go- lars when groups choose to hold by her 56 percent-to-42 percent win PRODUCTION SUPERVISOR Larry Williams, Public transportation. Nothing ing to compete in the 21st centu- their conference and event in oth- (313) 446-0301 over Republican businessman er cities. An improved and larger SUBSCRIPTIONS (313) 446-0450, else could possibly provide a ry.” Dick DeVos. She said she will con- Cobo facility is a surefire way to (888) 909-9111 higher return on investment. Boyd said Granholm is open to TO FIND A DATE A STORY WAS PUBLISHED: tinue to push her agenda, includ- generate much- (313) 446-0367 or e-mail the Crain Information See: Dallas. working on the SBT in the Legisla- ing diversifying the economy, re- needed revenue Center at [email protected]. See also: Minneapolis. ture’s brief remaining 2006 ses- structuring the business tax and for this entire CRAIN’S DETROIT BUSINESS IS PUBLISHED BY Steve Hendricks sion, but said there needs to be a CRAIN COMMUNICATIONS INC. providing affordable health care. state,” Bailey CHAIRMAN Keith E. Crain lot of discussions and there are “We’ve got a lot of work to do, said. PRESIDENT Rance Crain changing dynamics, with new SECRETARY Merrilee Crain ■ and nobody can sit on their heels Bill Rustem, leaders in the House and Senate TREASURER Mary Kay Crain Jobs! Jobs! Jobs! Need I say and relish this,” Granholm said. president and Executive Vice President/Operations expected to be elected on Tuesday. more? One item is her 21st Century Ener- CEO at nonpar- William A. Morrow As for other items on Gran- Group Vice President/Technology, Stephen Toth gy Plan. The plan, due by years’ end tisan think tank Manufacturing, Circulation holm’s agenda, “there is plenty of Robert C. Adams Vice president, sales and Michigan Public Service Commis- time to talk about a second term, from Public Sector Con- Vice President/Production & Manufacturing marketing sion Chairman Peter Lark, will in- Rustem sultants Inc., said Dave Kamis and the governor’s priorities, Corporate Director/Circulation Robertson Bros. Co. starting in January,” Boyd said. clude recommendations on ways to Granholm won a chance to leave Patrick Sheposh Bloomfield Hills Doug Rothwell, president and meet short- and long-term electrici- her mark on Michigan. G.D. Crain Jr. Founder (1885-1973) Mrs. G.D. Crain Jr. Chairman (1911-1996) CEO of Detroit Renaissance Inc., ty demand and to reduce reliance “I think she has an opportunity EDITORIAL & BUSINESS OFFICES: ■ said Granholm needs to do more to on fossil fuels through energy effi- to create a legacy, and it’s a much 1155 Gratiot Ave., Detroit MI 48207-2732; ciency, alternative energy and re- better opportunity than she would (313) 446-6000 The Michigan economy is broken, partner with re- Cable address: TWX 248-221-5122 AUTNEW DET and the governor needs to fix it. gions like newable energy technologies. have had if the House had not gone Subscriptions $59 one year, $98 two years. Out Democratic,” he said. of state, $79 one year, $138 for two years. That is the only priority. Southeast Paul Hillegonds, senior vice pres- Outside U.S.A., add $48 per year to out-of-state Everything else is leveraged from Michigan. ident of corporate affairs and com- But Granholm’s track record rate for surface mail. Reprints: For inquiries call the reprints a vibrant economy. Time is of the “We are the munications at DTE Energy Co., said over the next four years isn’t just department at: (800) 494-9051, Ext. 144 , or at essence. Fix Michigan’s economic driver Granholm’s re-election means the about her; there’s also bearing on [email protected] economy, keep businesses from the next Democratic candidate for CRAIN’S DETROIT BUSINESS ISSN # 0882-1992 of the state, and energy-plan process she began will is published weekly by Crain Communications Inc. leaving or redeploying their continue. And she now has one leg- governor. at 1155 Gratiot Ave., Detroit MI 48207-2732. we need to have Periodicals postage paid at Detroit, MI and capital to other states or other the recognition islative chamber “where any rec- Said Bailey: “Four years from additional mailing offices. POSTMASTER: Send countries. address changes to CRAIN’S DETROIT BUSINESS, that we need ex- ommendations that emerge from now … if there isn’t success, I Circulation Department, P.O. Box 07925, Detroit, Richard Haller think the next Democrat will have MI 48207-9732. GST # 136760444. Printed in tra help to make Rothwell that plan can be introduced and ad- U.S.A. President it work,” Roth- vanced,” he said. a heck of a time getting elected.” Entire contents copyright 2006 by Crain Communications Inc. All rights reserved. Walbridge Aldinger Co. well said. “My advice to the gover- One key area Granholm needs to Amy Lane: (517) 371-5355, alane@ Reproduction or use of editorial content in any Detroit nor would be to find a way to estab- address is education reforms, said crain.com manner without permission is strictly prohibited.

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Page 42 CRAIN’S DETROIT BUSINESS November 13, 2006 RUMBLINGS WEEK IN REVIEW FROM WWW.CRAINSDETROIT.COM, WEEK OF NOV. 4-10

signing. The signings will Haden International Group Inc. hopes to have them fin- be at 7 p.m. Nov. 29 in the Granholm steps filed for Chapter 7 bank- ished by Nov. 14. Google site? Oh, Birmingham store, 34300 ruptcy in U.S. Bankruptcy New Center Council Inc. Woodward; 7 p.m. Nov. 30 Court in Delaware on Mon- has changed the name of in Novi, 43075 Crescent into DMC-WSU day. the Comerica TasteFest to Blvd; 1 p.m., Dec. 3 at the Haden, a supplier and in- the Comerica CityFest for let’s not talk Southland Mall in Taylor; 7 negotiation; staller of robotic equip- 2007. p.m. Dec. 8 at the Oakland ment, listed assets and The Wayne State Univer- Mall in Troy; and 2 p.m. debts each of less than $100 sity board of governors has Dec. 9 in Flint Township, mediator picked million in its filing Mon- approved nearly $4 million about that 4135 Miller Road. day. in capital projects on the Jennifer Granholm ov. Detroit campus. he press release for has stepped into ne- ON THE MOVE A report from Califor- last Tuesday’s break- Nonprofit sells Piston G gotiations between nia-based Realty Trac Inc. T fast in Howell to The Detroit Medical Center Alice Miles to the new tickets to help charities said the Detroit area led the launch the Livingston board of trustees and the position of vice president, nation in homes in foreclo- County chapter of Glima, a With almost 140 straight Wayne State University board global data acquisition at sure in the third quarter, network for those in the IT sellouts for Detroit Pistons of governors over physi- Southfield-based R.L. Polk & with about 1 in 80 homes in industry sponsored by Au- home games, great seats cian reimbursement and Co., from director, corpo- the region at risk, The De- tomation Alley, said that might be hard to come by. exclusivity agreements. rate business strategy, Ford troit News reported. keynote speaker Grady Bur- However, a Boston-based The sides had their sec- Motor Co., Dearborn. nett, Google Inc.’s head of on- nonprofit has a deal with ond joint meeting Thursday A bankruptcy judge line sales and operations in the team to offer great seats as part of ongoing negotia- BRIEFLY has approved an agreement Ann Arbor, “will share the with a markup to help fund tions. between Novi-based Tower vision for the company’s national charity organiza- According to a joint press ITC Transmission and Automotive Inc. and Detroit- new location.” tions. release, Granholm contact- Columbus, Ohio-based based Comerica Leasing Corp. Alas, Burnett began his Charity Partners L.L.C. do- ed the principals of both American Electric Power Co. that will reduce the auto presentation by saying if ing business as Tickets For groups earlier this week to Inc. announced an agree- suppliers equipment costs anyone had questions about Charity will offer lower-bowl extend an offer of media- ment to evaluate the feasi- by about $1.85 million in the future location for 1,000 access to 14 home games tion assistance. bility of building a 765-kilo- the next four years, Dow Google employees, not to REBECCA COOK starting Nov. 15 and ending The offer was accepted, volt transmission network Jones Newswire reported. ask them. It was the one Sign of the times Jan. 13, 2007. The tickets are and David Fink, a local attor- in Michigan’s Lower Penin- The Michigan Public Ser- subject he wouldn’t discuss. Mural artist Jeff Von Buskirk, for sale on the organiza- ney, will serve as mediator. sula that would link to vice Commission on Thurs- He did, however, give a of Northville, is restoring the tion’s Web site, tickets-for- The boards said in the joint AEP’s 2,100-mile Midwest day approved an agreement nice PowerPoint presenta- 1917 sign on the side of charity.com, for $90 or $115 release that they remain op- transmission system. ITC- in which Consumers Energy tion to the 150 or so in atten- what once was the Willys- each for the first game, in- timistic an agreement can Transmission is a sub- Co. will sell its 49 percent dance touting the benefits Overland Motor Co., 444 W. cluding a $20 or $30 dona- be reached. sidiary of Novi-based ITC ownership interests in the of advertising on Google. Willis in Detroit. Using an tion. Donations will go to- On Nov. 6, Crain’s report- Holdings Corp. Midland Cogeneration Venture Google has opened up articulating boom lift to ward the Pistons-Palace ed that talks have grown so Members of the Aircraft to GSO Capital Partners L.P. temporary digs for 20 em- navigate the four-story wall, Foundation and up to three rancorous that the Accredi- Mechanics Fraternal Associa- and Rockland Capital Energy ployees at 112 S. Main St. in he is repainting the black- partner charities the buyer tation Council for Graduate tion at Northwest Airlines Investments for $60.5 mil- Ann Arbor. You can spot and-white lettering and Medical Education chooses. , the na- Corp. ratified an agreement lion, as announced in July. the temporary headquar- graphic using exterior latex tion’s residency-program Charity Partners was Monday, ending a strike ters by the banners hanging paint, along with synthetic watchdog, plans to visit on founded in 2004 by Jord that lasted 444 days. BITUARIES in the windows, flashing brushes similar to what the Nov. 14 to investigate the Under terms of the deal, O original painter used. The Poster, one of the founders the Google colors of red, situation. striking workers can accept Stratton Brown, a mu- blue, green and yellow. building is being converted of Priceline.com. layoffs and be available for nicipal finance lawyer who to 75 loft condominiums by call back up to two years or spent more than 50 years at DeMattia Group and Ex-Lason CEO pleads guilty BITS & PIECES leave Northwest in ex- Crain’s reporter Midtown Development Group Miller, Canfield, Paddock and to filing false SEC report change for one week of sev- to sign books and the project is to be University of Michigan Stone plc in Detroit, died af- complete in the spring. composer William Bolcom Gary Monroe, former erance pay for every year of ter a long illness Nov. 7. He service up to 10 weeks. Crain’s reporter Tom Hen- was honored with a Nation- chairman and CEO of Troy- was 83. derson covers banking, fi- his latest paperback, Dark- al Medal of Arts during a based Lason Inc., a printing The Wayne County Air- Jerry Coyne, who found- port Authority announced nance and technology by er Than Night, the true ac- White House ceremony and mail-order processing ed manufacturers represen- Monday that it had cut day. But by count of the 15-year in- Thursday. company, pleaded guilty tatives Coyne and Associates Motor City Harley David- landing fees for fiscal 2007 night he writes vestigation of two Monday to a criminal in Southfield, died of a cere- suburban Detroit deer son, Farmington Hills, has charge of filing a false re- at Detroit Metropolitan Airport bral hemorrhage Nov. 1. He books about ser- hunters who disap- received a Silver Bar & port with the U.S. Securities by 28 percent, effective Oct. was 73. ial killings and peared in 1985. That Shield of Excellence Award and Exchange Commission. 1. The landing fee was low- Joseph Daiek, former other mayhem case ended with the for outstanding perfor- Monroe admitted to in- ered from $3.37 to $2.41 per owner of Troy-based Daiek for St. Martin’s 2003 conviction of two mance during the 2006 mod- flating Lason’s third-quar- 1,000 pounds of landed Products and ex-mayor of Press in New brothers, Coco and J.R. el year. The award is given ter revenue by $13 million weight. Bloomfield Hills, died Nov. The Troy-based Kresge York City. Duvall, despite the lack to the top 10 percent of the in 1999 in order to meet 4. He was 87. Foundation has awarded a $3 Later this of any bodies or physi- more than 700 Harley- earnings expectations and Brian Dalby, president million challenge grant to month and in cal evidence. Davidson dealerships na- telling investors that the of Detroit-based real estate Henderson the Detroit Institute of Arts. early December Henderson’s two tionwide for superior cus- company was in good finan- developers Dalby Corp., died Michael Ilitch has creat- he will make a series of ap- previous books — A Deadly tomer service and cial shape when it was not. of complications from pneu- ed the Little Caesars Veter- pearances at area Borders Affair, and Blood Justice — operations. The dealership Monroe’s attorney, Mark monia and septic shock ans Program, which offers bookstores to sign copies of also will be available for is owned by Tom Celani. Kriger partner with LaRene Oct. 23, 2006. He was 42. military veterans a Little & Kriger in Detroit, declined Nate Gooden, a former to comment. Caesars franchise for $5,000 United Auto Workers vice Monroe has not been sen- less than the regular fran- president, died Nov. 7. He tenced yet and charges are chise price of $20,000, as was 68. still pending against former well as favorable financing Blogs wrap up, sound off on election M. Martin Rom, a busi- Lason CFO William Rauw- benefits and a $5,000 credit nessman and investor, and For me, voting in this year’s midterm Arnold Schwarzenegger. erdink. A pretrial confer- on the initial equipment or- elections was the most fulfilling Elec- How about hearing it from the horse’s ence for Rauwerdink is der. husband of Pepper Hamilton tion Day I have ever experienced. In mouth? The official blog of scheduled for Nov. 29. Dearborn Bancorp Inc. bankruptcy attorney Bar- my opinion, some of the issues and thehill.com (blog.thehill.com) offers Today, Lason has new on Friday announced its bara Rom, died Nov. 6. He votes that occurred on the national opinions from the congressional win- was 60. management and is owned sale of more than 2.9 mil- stage were of the utmost importance ners and losers of this year’s midterm John Rutherford, presi- New York City-based Char- lion shares of common to the future direction of this nation. elections. dent and founder of Bloom- terhouse Group Inc., a private stock at $20 per share to Others – especially those in the blo- Haven’t you been dying to know how field Hills-based automo- equity fund that bought the fund the previously an- gosphere – seem to share my opinion. hawkish liberal Jews took this year’s tive consulting firm election? Kersher Talk (Kersher company last August. nounced acquisition of Governing magazine’s election blog Birmingham-based Fidelity Rutherford Partners and for- (governing.typepad.com/13thfloor) means “connection” in Hebrew) (keshertalk.com) provides this unique Financial Corp. of Michigan. mer vice president of busi- boasts a fairly impressive election WEB WORLD wrap-up. Bloggers write on everything perspective. Haden International files Covansys Corp. an- ness development at Inter- from stem cells to gay marriage to Daniel Eizans Still not satisfied, I’ve got more to for Ch. 7 bankruptcy nounced Thursday that it is met Corp. in Troy, died of term limits. My favorite area — a list share. Mosey on over to “This Week’s will again delay filing its lung cancer Nov. 4. He was of stupid things said by Californian Gov. Issue” on crainsdetroit.com. Auburn Hills-based third-quarter results and 60. DBpageAD.qxd 10/11/2006 1:14 PM Page 1

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