What Biz Thinks

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www.crainsdetroit.com Vol. 28, No. 9 FEBRUARY 27 – MARCH 4, 2012 $2 a copy; $59 a year

Page 3 Business leaders in running Talmer gets for university board seats What biz thinks MOCAD plans new look Execs favor right-to-work state, Snyder-backed bridge backers for with Midtown in mind BY MIKE TURNER Jim Reb, owner of Reb Construction Services SPECIAL TO CRAIN’S DETROIT BUSINESS Inc. in Auburn Hills, said he supports Sny- der’s position. Finance Extra LANSING — Business owners and man- “It would suck all the wind out of pushing agers came out strongly in favor of making the state forward,” Reb said, and “disrupt our Michigan a right-to-work state and the pro- $174M plan Ads and Steady Eddie governor.” posed New International Trade Crossing in a re- While Reb said he supports right- attitudes cent poll commissioned by Crain’s De- to-work in theory, he doesn’t troit Business and Honigman Miller think that such a law would boost credit Schwartz and Cohn LLP. have much impact on unions’ The poll, conducted by Michigan’s economy. He to expand Lansing-based Epic-MRA, cites surveys that show membership, sought the opinions of 300 right to work ranks BY TOM HENDERSON area business managers in the middle of the Page 11 CRAIN’S DETROIT BUSINESS and owners in mid-Feb- pack in terms of ruary. Troy-based Talmer Bank and Trust will an- The survey also See Survey, nounce today that it has commitments from pre- Crain’s list: Largest credit found support for a Page 24 vious investors, including Wilbur Ross, to raise bus rapid transit sys- unions, Page 13 an additional $174 million in equity to finance tem for Southeast expansion plans, including having an operation Michigan, providing in downtown Chicago by the end of the year. mandatory health care David Provost, president, chairman and CEO, coverage for autism and This Just In said the bank has received $21 million of that eliminating the personal commitment to finance short- property tax while replacing term expansion and will it with revenue from other Reliance One buys offices, make further capital calls as sources. needed. taking jobs to Auburn Hills Seventy-three percent of those “Getting into the Chicago surveyed favored making Michigan a The Clarkston-based staf- market is important to us,” right-to-work state. Support fing company Reliance One Inc. Provost said. He said he has dropped to 68 percent when it was has acquired the offices of hired a group of experienced Global Sales & Marketing LLC explained that workers who Chicago lenders who are from the company in a move chose not to pay union dues working at Talmer opera- to relocate its headquarters would earn the same tions in Wisconsin, “and we’d and bring 85 new jobs to wages, health and re- Provost love to have them in down- Auburn Hills. tirement benefits as town Chicago by the end of the year, even if it’s President and co-founder the pay and perks that just a loan production office.” Jim Beath said the full-service have been negotiated The bank is the fastest-growing in Michigan staffing company will occupy by a bargaining unit. since it launched a growth campaign in April 12,000 of the 22,000 square feet Some Republican leg- 2010, when it was a one-branch bank with $100 on Harmon Road starting Fri- islators are vowing to million in assets. Today, the bank has 52 day. Global Sales & Market- push for legislation that branches, about 850 employees and $2.1 billion ing, a wholesale auto parts would make Michigan a in assets. seller, will occupy an addi- right-to-work state, where Provost said the $21 million gives Talmer $300 tional 5,000 square feet as a employees would not have to million of capital on hand. “That will allow us tenant of Reliance One, which pay union dues as a condition to go to about $3 billion in assets,” he said. A seeks another tenant to occu- of employment. rule of thumb is for banks to try to leverage py the remaining space. Gov. Rick Snyder and some their equity capital at a 10-1 ratio when acquir- The company will move business groups have said they about 35 employees from don’t want such a measure because See Talmer, Page 25 Clarkston and Bingham the issue is too divisive. Farms. In a statement Fri- JEFF JOHNSTON/CDB day, Reliance One said it plans to hire more than 50 employees in the next five years because an improving Fraud settlement has DMC pursuing doctors for paybacks economy. Reliance One also said BY JAY GREENE that the DMC says is part of a 2010 be identified for fear of losing a The doctor said the DMC is wor- market demand for skilled CRAIN’S DETROIT BUSINESS settlement over fraud allegations lease at a DMC-owned medical of- ried that the computers might be workers in Southeast Michi- with the U.S. Department of Justice. fice building said she received an construed by the federal govern- gan has the company expect- Vanguard Health System’s Detroit Over the past initial bill for $13,000 for two comment as improper inducements to ing to grow to $50 million in Medical Center has been seeking six weeks, at puters, two monitors and a printer refer patients, which could violate revenue. hundreds of thousands of dollars least 29 physi- DMC LEGACY that is now 14 years old. physician anti-kickback laws. — Chad Halcom in repayments from more than 300 cians have re- Assets moved: Later, after the physician’s “I think it is extortion,” she said. DMC-affiliated physicians for be- ceived letters Board acts, lawyer contacted Farbman and the Tiffany Jones, the DMC’s press low-market rent, free computers from Vanguard three members DMC, the bill for the computers secretary, confirmed that the med- and other professional services and the South- quit, Page 7 was lowered to $8,700, she said. Part ical center is seeking payment for field-based Farb- of the bill included charges for In- used computer equipment. Howev- man Group, which manages DMC ternet access that amounted to $105 er, she said it is “inaccurate and properties. The letters ask the doc- a month. exaggerated” to contend DMC is tors to pay $10,000 to $14,000 for “They were given to us with no seeking $10,000 to $14,000 each computer equipment that the DMC obligation to pay back so we could from 29 doctors. gave the physicians as long as six access the database at the hospi- Officials from Farbman declined years ago, said two DMC-affiliated tal,” the physician said. “DMC comment. physicians who requested purchased it, depreciated it and As part of an agreement that al-

NEWSPAPER anonymity. they were sitting in storage rooms One doctor, who did not want to until they were given to us.” See DMC, Page 25 20120227-NEWS--0002-NAT-CCI-CD_-- 2/24/2012 4:36 PM Page 1

Page 2 CRAIN’S DETROIT BUSINESS February 27, 2012

MICHIGAN BRIEFS Report: Green energy industry Grand Rapids mayor peeved has price advantage over coal Businesses ride out winter seeing more red than white after plan for ex-school changes Last month, Crain’s reported on This month, the city of Grand the formation of the Energy Innova- That you might have had demand: the ability to make Rapids sold four former Grand tion Business Council, a trade group to dig out over the weekend snow. For Detroit’s recent Mo- Rapids Public Schools buildings to to state the case for Michigan’s doesn’t change the fact that town Winter Blast, Shanty Berkley-based Ojibway Development emerging renewable energy indus- snowfall has been hit-and- Creek snow machines made for $1.6 million, on the assurance try — encompassing solar, wind, miss this winter. enough to cover two city that the buildings would be con- advanced energy storage (batter- In northern Michigan, blocks. The resort also has verted into apartments. ies), biomass and energy efficien- businesses have adapted hosted snowmobile races can- But last week, Ojibway owner cy. A new report from the Michigan and, while still losing mon- celed in other parts of the Bruce Michael sold one of the Public Service Commission said that ey, at least are surviving. state because of a lack of buildings to National Heritage Acad- industry now produces energy For Tim Brick, owner of snow. emies for a charter school — which that’s cheaper than coal. Brick Wheels, a Traverse City Michael Norton, media re- would compete with the city’s pub- The PSC report said the state’s ski and bike shop, business HOWARD LOVY lations director for the Tra- lic schools for students and state requirement that 10 percent of util- was down 40 percent in De- “Snow bikes” take some adventurers out on the verse City Convention & Visitors funding. ities’ electricity come from renew- cember and 20 percent in trails when snow is too light for skiing. Bureau, said that the area is And how did Mayor George able sources by 2015 has generated January compared with the used to the occasional mild Heartwell react to the change? $100 million in investments. The previous year. winter and that “we weren’t caught with our snow- “We were deceived. … I would full report is at michigan But many customers have become intrigued by pants down.” never vote for any other project that .gov/mpsc. “snow bikes” — with big tires that can be used Trevor Tkach, interim executive director of the this developer brings before us.” The report said energy from re- when there’s not enough snow on the ground for National Cherry Festival, which also produced this Michael earlier had told The newable sources costs an average skis, but too much for ordinary mountain bikes. month’s Cherry Capital Winter Wow!Fest, said the Grand Rapids Press that he of $91.19 per megawatt-hour, com- Last winter, Brick sold about a half dozen. This key is to “be prepared for anything.” This year, the planned apartments at all four pared with $133 for power from a winter, he has sold 25, although that “doesn’t nec- Wow!Fest has a large, heated tent to host a wine sites and said nothing about sell- new coal plant. Currently, 3.6 per- essarily offset the lost revenue from the ski end of event, soup contest and finale celebration. ing to a charter school company in cent of Michigan’s electricity it,” Brick said. “If weather allows, people can venture out to the a report on MiBiz.com. comes from renewables. At Shanty Creek in Bellaire, lift ticket sales are cer- fire pits,” Tkach said. “If not, we have options.” Michael said that he still in- tainly down. But the resort has one product in great — Howard Lovy tends to convert the three other Air Alliance: Efforts have made building into apartments and told The Press that selling the school reduce fares? tier Airlines and Allegiant Air, DeVos quarter of 2011 than the average helped reduce costs. Ford Airport more affordable Last week at a meeting of the Re- said last week at a breakfast co- airfare at Detroit Metropolitan Air- Back in 2009, only one other air- gional Air Alliance of West Michigan, hosted by the Air Alliance and the port and $26.88 more than the aver- Find business news from port among the nation’s 100 largest the group’s founder and chairman, Grand Rapids Chamber of Commerce. age airfare at Chicago’s O’Hare In- around the state at crainsdetroit had higher average airfares than Dick DeVos, pointed to the 2010 ar- According to U.S. Department of ternational Airport. In the second .com/crainsmichiganbusiness. Gerald R. Ford International Airport in rival of AirTran Airways as the turn- Transportation data, the alliance quarter of 2009, it cost $95.47 less to Sign up for Crain's Michigan Grand Rapids. Today, No. 2 has being point for lower-cost travel. said, it cost $18.75 more to fly from fly from Detroit and $86 less to fly Business e-newsletter at crains come No. 31. So what happened to Then came low-cost carriers Fron- Grand Rapids during the third from O’Hare. detroit.com/emailsignup.

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February 27, 2012 CRAIN’S DETROIT BUSINESS Page 3

Inside Biz leaders run for university boards Merger hitches together two Detroit welcome wagons, BY DUSTIN WALSH Maynard and S. Martin Taylor will based McKinley Inc.; Rob Steele, a Page 21 CRAIN’S DETROIT BUSINESS not run for re-election, leaving two cardiologist for St. Joseph Mercy UNIVERSITY BOARD RACES vacant seats on the UM board. Health System in Ann Arbor; and Firm opens $350M biomass As Michigan takes center stage Dan Horning, managing director University of Michigan: Vying for during the 2012 GOP primary, Re- at Northwestern Mutual Financial Net- two open seats are Democrats fund, plans office here, Shauna Diggs, a dermatologist; publican and Democratic hopefuls Six vie for two UM seats work in Grand Rapids. attorney Mark Bernstein; and Page 23 are emerging for a general election Six candidates, three from each Democratic candidates are showdown for board seats at the Republicans Ronald Weiser, founder party, have surfaced to contest the Bernstein and Shauna Diggs, own- of McKinley Inc.; cardiologist Rob state’s largest universities. open slots. er of a dermatology practice in Steele; and Grand Rapids Candidates will vie for open Before the November election, Grosse Pointe Farms. insurance executive Dan Horning. University Company index seats this fall on the three the Michigan Democratic Party and John Cherry, lieutenant gover- Michigan State University: Research Corridor institutions: Uni- Michigan Republican Party will nar- nor during the Granholm adminis- Real estate broker Jeff Sakwa is These companies have significant mention in this versity of Michigan, Wayne State Uni- row the field to two candidates for tration, dropped out of the race running as a Republican along with week’s Crain’s Detroit Business: versity and Michigan State University. each university seat at the nomi- last week via his Facebook page, incumbent Melanie Foster, a real Ally Financial ...... 3 Available seats on the UM board estate investor. Also running: nating conventions in September. leaving Diggs and Bernstein the Arsenal Venture Partners ...... 23 of regents have drawn high-profile Democrats will reduce the race likely candidates. Democrat Brian Mosallam, a financial adviser for AXA Advisors, Bank of Birmingham ...... 12, 25 alumni, including Ronald Weiser, to two candidates at the party’s Weiser, former U.S. ambassador and incumbent Democrat Joel current finance chairman for the 2012 Endorsement Conference on to Slovakia, is running to influ- BBK ...... 12 Republican National Party, and Mark Ferguson, a Lansing-based March 10 at Cobo Center. Republi- ence business decisions at UM. developer. Business Leaders for Michigan ...... 21 Bernstein, a partner at The Sam cans do not hold an endorsement “There are no businesspeople on Wayne State University: No Chrysler Group ...... 6 Bernstein Law Firm PLLC in Farming- conference. the board of regents,” he said. candidates have yet emerged to Church of the Messiah ...... 4 ton Hills. Republican candidates at UM run for two open seats. Democratic incumbents Olivia are Weiser, founder of Ann Arbor- See Boards, Page 22 Communicating Arts Credit Union ...... 11 Credit Union One ...... 12

D:Hive ...... 21

Detroit Economic Growth ...... 16

Detroit International Bridge ...... 24 MOCAD plans for new look, has $450,000 Detroit Medical Center ...... 1, 7 Detroit Renewable Power ...... 23

Detroit-Wayne County Port Authority ...... 16 BY SHERRI WELCH Miro and MOCAD’s executive Downtown Detroit Partnership ...... 21 CRAIN’S DETROIT BUSINESS committee are working with Deputy Director Rebecca Mazzei to Eastside Family Federal Credit Union ...... 11 The Museum of Contemporary Art oversee the museum’s day-to-day Farbman Group ...... 1 Detroit is moving forward with operations during the search for a Ford Motor Co. Fund ...... 22 plans for a major renovation of the new director. MOCAD said Friday museum and grounds. that it is interviewing final candi- Ford Motor Credit ...... 24 The plan could bring a design dates. Global Health Services Network ...... 17 with large windows back to the MOCAD operates on a budget of GM Financial ...... 3 side of the museum facing Wood- $1.15 million this year, Finance Health & Wellness Foundation of Greater Detroit . . . 7 ward Avenue. Manager Marie Madison-Patton Originally, the wrote in an email. Honigman Miller Schwartz & Cohn ...... 1 Albert Kahn It has not finalized its 2011 num- Inside Detroit ...... 21 building was a The view of the Museum of Contemporary Art Detroit, as seen from Woodward bers but reported revenue of Legacy DMC ...... 7 Dodge show- Avenue, could change starting in 2013. $1.06 million and total expenses of Madonna University ...... 22 room, from the $841,029 in 2010, the year of its lat- 1920s to 1950s. museum and new public space to we’ll see what it will cost us … and Metro Consulting Associates ...... 17 the 1.8-mile Midtown Loop green- how much we need to raise.” est tax filing. It ended the year Also envisioned with $840,797 in net assets. Michigan Credit Union League ...... 11 for outside the way, which will run from Midtown It’s too early to have a total pro- to the Detroit River. ject budget, but the museum ex- MOCAD on Friday named two Michigan Democratic Party ...... 3 museum: adding New York City architects, Rice+Lip- green space and So far, the museum has $450,000 pects to begin the work in phases Michigan Podiatric Surgeons Group ...... 14 Miro ka Architects and James Corner Field a more inviting in hand for the project, said as funding allows, Miro said. Michigan Republican Party ...... 3 Founding Director Marsha Miro, Luis Croquer left his position as Operations, to plan the building and landscape for public artwork, per- site renovation. Michigan School & Government Credit Union . . . . 11 formances and gatherings. who is also board president. director and chief curator Oct. 31 Michigan State University ...... 3 MOCAD hopes to connect the “Once we have (final) plans, … after three years at MOCAD. See MOCAD, Page 23 Midtown Detroit ...... 6, 23

Museum of Contemporary Art ...... 3

New Canaan Capital Management ...... 23

NorthPointe Foot & Ankle ...... 14 Competitors take aim at Ally’s GM, Chrysler business Plunkett Cooney ...... 25 Public Sector Consultants ...... 21 BY JIM HENRY which is moving to expand beyond residential mortgage subsidiary. the sort of service level we feel we ShindelRock ...... 14 CRAIN NEWS SERVICE making loans to car buyers. The rising competition for Ally need to have, we need to have that In April, GM Financial is could mean more favorable terms type of share.” Soil & Materials Engineers ...... 17 Ally Financial Inc. has a target on launching a commercial lending for auto retailers, although dealers That large a share could come Talmer Bank & Trust ...... 1 its back as competitors line up to unit to offer floor plan financing; say they don’t change floor plan from only one place: Ally. It is the University of Detroit Mercy ...... 22 take a shot at its overwhelming capital, real estate and construc- lenders lightly. preferred lender in the United University of Michigan ...... 3 share of lending to General Motors tion loans; floor plan insurance; Commercial lending is still a mi- States for GM and Chrysler Co. and Chrysler Group LLC dealers and cash management programs nor business for GM Financial. brands, plus Fiat SpA, Suzuki Motor University of Michigan-Dearborn ...... 22 and consumers. for GM dealers in the United States The former AmeriCredit Corp. Corp. and Maserati. Wayne State University ...... 3, 22 Detroit-based Ally Financial has and Canada. was a specialist in subprime auto The floor plan segment is in- changed its role since its days as Big banks are after more dealer loans before GM bought it and creasingly competitive. Consumer GMAC Financial Services, a name business, too, in a segment that started turning it into a full-ser- demand for autos is up. Delinquen- it gave up in 2009. traditionally has been dominated vice captive. cies and defaults are down in all And although GM sold 51 per- by the automakers’ captive fi- GM Financial CEO Dan Berce segments of auto lending, includ- Department index cent of GMAC in 2006, Ally has nance companies. said in a conference call this ing retail and floor plan. BANKRUPTCIES ...... 4 continued to dominate the loans Ally faces the challenges as it month that his goal is to have 20 In contrast, the housing market given to GM dealers, called floor tries to move forward with an ini- percent to 25 percent of GM deal- continues to lag. Those factors BUSINESS DIARY ...... 18 plan loans. At the end of 2011, Ally tial public offering to pay off the $17 ers’ commercial lending business make floor plan lending attractive CALENDAR ...... 19 had 74 percent of the floor plan billion it borrowed from the U.S. in the next two to three years. to lenders looking for growing but JOB FRONT ...... 20 loans for GM dealers. government in the 2008 bailout. “That’s a sizable number. That’s safe borrowers. CLASSIFIED ADS ...... 21 Taking aim at that share is GM Fi- Ally also has been trying to find a a $5 billion-type number,” Berce KEITH CRAIN...... 8 nancial, GM’s captive finance unit, solution for its struggling ResCap said. “To have the sort of scale and See Ally, Page 24 LETTERS...... 8 OPINION ...... 8 Medical Magnet online Nonprofit jobs OTHER VOICES ...... 9 The latest listings, provided and updated THIS WEEK @ Crain’s supplement on the health care PEOPLE ...... 20 industry, published with support from Medical weekly by the Michigan Nonprofit WWW.CRAINSDETROIT.COM Main Street, crainsdetroit.com/magnet Association, crainsdetroit.com/nonprofitjobs RUMBLINGS ...... 26 WEEK ON THE WEB ...... 26 20120227-NEWS--0004-NAT-CCI-CD_-- 2/24/2012 4:36 PM Page 1

Page 4 CRAIN’S DETROIT BUSINESS February 27, 2012

Environmental and Conﬂict Minerals Corporate Responsibility Unconventional pastor who revived Water Sustainability Training Global Working Global Chemical Social Media and Conditions Management Communication church to address Idea conference Strategies

BY MEGHANA KESHAVAN SPECIAL TO CRAIN’S DETROIT BUSINESS Special presentations: Tuesday & Wednesday, March 6 - 7, 2012 - OEM & Supplier MSU Management Education Center The Rev. Barry Randolph of the Panel Discussions 811 W. Square Lake Road | Troy, MI 48098 Church of the Messiah in Detroit - HR/Policy/Compliance doesn’t take the conventional ap- Best Practices You’re invited to learn, communicate and share critical proach to addressing the masses. - Supply Chain corporate social responsibility information at the He smoked cigarettes and troit into the kind of place it’s sup- who came to Detroit after hearing Transparency drank alcohol during a sermon posed to be.” about the church and Randolph 2012 AIAG while making a point that faith The church offers a range of ser- through his former position at a Keynote address by: Corporate Responsibility Summit and doing good can be just as ad- vices: subsidized housing, urban Massachusetts Institute of Technolo- Mr. Robert L. Corcoran dictive as drugs and liquor. Once, gardening, mentoring, a food gy-run educational “fabrication President & Chairman “Today,Tomorrow and Beyond” GE Foundation he pulled out a gun in front of his pantry, a computer lab, a small- lab” in New York. congregation. “Sur- business in- “Pastor Randolph, in his weekly render to God!” he cubator and a service, challenges the community Reserve Your Seat Today urged. When the thrift store. to really work toward discovering Register by calling 248.358.3003 “Get up off “ Monique their talents and passions, so they The Catalyst for Peak Performance™ or online at www.AIAG.org your asset,” mission is Sasser, owner can use them to make a better life he yelled to of Nikki’s Gin- for themselves and their commu- his congrega- right, the odds ger Tea and a nity,” Sturges said. tion last winner last In 1978, the church started the month. “Use don’t year of a COM Housing Corp., which has 203 your God-giv- Crain’s Salute units of affordable housing near en talent — matter. to Entrepre- the church. And for about 30 your asset — ” neurs award, years, the church has offered a and do some- The Rev. Barry Randolph, runs her busi- well-stocked food pantry for se- thing to help Church of the Messiah ness out of the niors. Board President Tamika your commu- church’s Hamilton said Church of the Mes- nity, and help your- basement, siah’s community outreach pro- self.” giving local youths business expe- grams continue to grow. For ex- Randolph will be among the rience. ample, Kraft Foods Inc., through speakers at Crain’s Idea: Detroit The church has caught the at- the mayor’s office in Detroit, Conference, presented with Adver- tention of local fashion figure Joe heard of the church and spon- tising Age at the Fox Theatre on Faris, who has enlisted youths sored its urban garden. March 7 to showcase ideas for revi- from the church to participate in “People are really drawn to talizing the city. his Fashion in Detroit event March (Randolph’s) personality,” Hamil- Randolph may have an unortho- 10. Faris will be a panelist at Idea: ton said. “He’s animated, funny, dox bag of tricks, but it has been ef- Detroit. and when you listen, you actually fective. The Mt. Elliott Makerspace at learn.” The 137-year-old church at East the church is a community work- Other Idea: Detroit speakers in- Grand Boulevard and East shop that teaches technical and en- clude Mike Jbara, president and Lafayette Street was on the verge trepreneurial skills. CEO of New York-based music la- of closing in 2009, with only 29 “Rev. Randolph is a good men- bel WEA Corp.; Rob Weisberg, chief members and meager donations, tor; he opens up so many opportu- marketing officer of Cambridge, when Randolph said he decided to nities,” said Robert Hughes, a 19- Mass.-based Zipcar Inc.; and Erik mix it up and deviate from tradi- year-old who uses computers in Qualman, author of Socialnomics. tional Episcopalian sermons. the Makerspace to produce music. Quicken Loans Chairman Dan More than 200 members now at- “It’s unbelievable. I’ve never even Gilbert will end the event as the tend Randolph’s sermons. Hamil- heard of something like this. closing keynote speaker. ton said he’s on the verge of run- That’s why I’m so happy to be a Registration information at ning out of space. part of it.” crainsdetroit.com/events. “When the mission is right, the The Makerspace was funded by Pierrette Dagg, senior producer odds don’t matter,” Randolph a $200,000 Kresge Foundation grant for digital products, contributed to said. in 2010 and is run by Jeff Sturges, this report. “We don’t pay attention to crime and violence in Detroit, problems with the public schools and the city’s fiscal problems. All we know is that we’re making De- Professional Jet Management BANKRUPTCIES FULL SERVICE ASSEMBLY

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Page 6 CRAIN’S DETROIT BUSINESS February 27, 2012 Crain’s honors Newsmakers as drivers of change

BY BILL SHEA The story of Midtown’s recovery-in- AND SHERRI WELCH progress, meanwhile, is because of its com- CRAIN’S DETROIT BUSINESS mitted anchors, philanthropy and government bodies all working toward its future, A persistent urban planner and one of the Mosey said. “it” young executives in the Chrysler Group “We do have another 10 years of real LLC regime have more work,” said Mosey. in common than it The area along Woodward Avenue needs VIDEO would seem. more diverse, robust restaurants and retail AND MORE The Crain’s Detroit businesses, she said. Business Newsmakers Mosey would like to see 100 more restau- Web extras: See of the Year lunch on rants and stores open in Midtown over the a video on Sue Thursday honored next five years. Mosey, read more Saad Chehab, Midtown has reached 24,000 residents, but about Mosey and Chrysler/Lancia Mosey would like to see 10,000 more people Saad Chehab, and brand CEO, and Susan check out reporter living there within a decade — aspiring to blogs on Detroit, Mosey, president of be more similar to a community like Fern- crainsdetroit.com Midtown Detroit Inc. dale in population. /newsmaker Most years, Crain’s She’d also like to see more activities that selects a single News- promote a sense of community, such as neigh- maker. But two were borhood co-ops and bike sharing, and more chosen for 2011 because Detroit itself was sustainable energy initiatives, she said. considered the major story of 2011, and “We should start to see more fruit from Chehab and Mosey stood out as representa- our anchor strategy with more anchors buy- tive of resurgence efforts. NATHAN SKID/CRAIN’S DETROIT BUSINESS ing more locally,” Mosey said. The “Imported From Detroit” ad campaign Saad Chehab, Chrysler/Lancia brand CEO, and Susan Mosey, president of Midtown Detroit Inc., field On her wish list: a first-run movie theater — which Chehab was instrumental in devel- questions at Thursday’s luncheon. for Midtown. oping — and Mosey, who has spent more than with the theme of recovery and renaissance said in a gruff, Clint Eastwood-like voice. “After Whole Foods (which signed a deal to two decades on redevelopment efforts in Mid- for some time. Eastwood appeared in this year’s Super open a store in Detroit last year), that’s the town, are both stories about rebranding. Whether Detroit continues to be a focal Bowl ad; Eminem starred in the debut next logical thing to happen,” Mosey said. During Thursday’s speeches and ques- point in future spots hasn’t been decided — “Born of Fire” ad in 2011. Light rail, of course, would be a boon for tion-and-answer session at the Westin Book nor has anything else, Chehab said. Chehab said that if Chrysler is going to the neighborhood and city, she said. Mosey Cadillac in Detroit, both shared viewpoints “We’re still going through challenges like spend millions of dollars on a third long- said that right now, she’d give the M1 rail on taking risks, building relationships and everybody else,” Chehab, 44, said, noting run, high-profile Super Bowl commercial, project a 50-50 chance of ultimately happen- what’s next for Detroit. A crowd of about 500 that his brand was profitable in 2011. the message won’t take shape until shortly ing along Woodward. attended the event. He addressed the audience on its vehicle- before the spot airs. Bill Shea: (313) 446-1626, [email protected]. Chehab said the “Imported From Detroit” buying habits: “I want to say to people not It could be a serious commercial, like the Twitter: @bill_shea19 campaign clearly resonated with a wide au- driving an American-made car, or a Eminem and Clint Eastwood spots. Or it Sherri Welch: (313) 446-1694, dience and that Chrysler expects to stick Chrysler vehicle ... get off my lawn,” Chehab could be funny, he said. [email protected]. Twitter: @sherriwelch

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February 27, 2012 CRAIN’S DETROIT BUSINESS Page 7 Final DMC charitable assets moved to new foundation Lorna Thomas M.D., a member 3 Legacy board members resign after unanimous vote of the Legacy DMC board and chairwoman of the foundation, BY SHERRI WELCH $140 million. Now with time and could not be reached for comment CRAIN’S DETROIT BUSINESS due diligence, LEGACY BOARD TURNOVER Friday, but Walsh said the founda- I’m pretty confi- tion is likely to begin a search for a Even before the recent resignations Johnson was a former Detroit After a little more than a year of dent it wasn’t.” permanent executive director. of three of the Legacy DMC Receiving Hospital board member, consideration and politics, Legacy Following directors, there was turnover on the former chief of operations for the With all $140 million-$150 mil- DMC last week voted to transfer the last week’s vote, 20-member board. Wayne County Commission and lion in charitable assets now trans- last $57.5 million or so in charita- the Health and Wayne County Executive Robert former Detroit News columnist. In his ferred, Legacy DMC is left with ble assets from the nonprofit De- Wellness Foun- Ficano removed his appointee to place, Schuette appointed Candyce one primary charge: to ensure troit Medical Center to a new foundation is a fully the board, former deputy executive Abbatt, an attorney with Southfield- Vanguard fulfills the promises it dation. independent Azzam Elder, in January. Replacing based Fried Saperstein Abbatt PC. made when it acquired DMC. But after the vote, three board foundation fo- him is Ray Byers, chief Penske Corp. founder Roger Penske Those include ensuring that members resigned in what ap- Cox cusing its development officer for Wayne resigned from the board in the Vanguard upholds its commit- County. fourth quarter and was replaced by peared to be an action designed to grants on med- ment to invest $500 million in facil- Detroit Mayor Dave Bing also Gloria Robinson, a former trustee of reduce friction on the board. The ical research, medical education ities and $350 million in other capi- removed his appointee, Yvonne Children’s Hospital of Michigan. three are: Legacy DMC Chairman and community benefit for pro- tal investments between 2011 and Keith Crain; John Hantz, CEO of Anthony, M.D., former director of According to Legacy DMC’s bylaws, 2016. grams such as those assisting low- the Detroit Department of Health the board should have from 11 to the Hantz Group; and Rodger Young, It also will monitor Vanguard’s income patients with care after and Wellness Promotion, after she 20 members, said Joe Walsh, founding partner of Young & Susser other commitments, including its they leave the hospital. was escorted from her city offices president of Legacy DMC and PC. Both Hantz and Young were ap- pledge to keep the DMC hospitals The foundation knows where by police in May in the midst of an acting executive director of the pointed by then-Michigan Attor- open and to maintain core services most of the grants it will make investigation into spending in the foundation. ney General Mike Cox. Crain is ed- department. in each, to maintain the level of in- from the former DMC assets will Six of the seven Cox appointees on itor-in-chief of Crain’s Detroit Bing appointed Herbert the board were one-time digent care DMC had provided and go, Walsh said. The $57.5 million in Business and chairman of Crain Smitherman, M.D., of Detroit appointments. If the board chooses to continue its education and re- Communications Inc. assets is composed of 400 donor ac- Receiving Hospital to replace her. to replace the three board search mission. In resigning, Crain said he counts with restricted purposes Last summer, Michigan Attorney members who resigned last week, Legacy expects to release the wanted to “avoid a continued stale- such as funding endowments for General Bill Schuette thanked and its normal nominating process for first of 10 annual reports on Van- mate and to keep things moving.” medical teaching professorships at excused his predecessor Mike all three would kick in, he said. guard’s compliance this spring, Richard Widgren, CFO of De- Wayne State University. Cox’s appointee, Bill Johnson. — Sherri Welch Walsh said. troit-based retail consultant Urban “We’re a new foundation legal- The report will be posted on the Science Inc., succeeded Crain as ly, but we’re administering as- Detroit Wayne County Health Authori- chairman. He and other board sets, some of which go back to just ness raised nearly $2 million to Walsh said. ty website www.dwcha.org to keep members declined to comment. after the Civil War. So there’s broaden its pool of unrestricted Grants that it will make for Legacy’s operational costs to a Last August, Cox’s successor, been a pattern of grants disbursed funding. unrestricted pools of funding minimum, he said. Attorney General Bill Schuette, for years if not decades,” Walsh And it made grants totaling are open to proposals through Sherri Welch: (313) 446-1694, had authorized the transfer of as- said. about $2.8 million with approval www.greaterdetroithealthandwell [email protected]. Twitter: sets to the Health and Wellness Foun- This past year, Health and Well- from Legacy DMC as fiduciary, ness. org, he said. @sherriwelch dation of Greater Detroit, created in August 2010 and headed by acting Executive Director Joe Walsh. Walsh also is president of Legacy DMC, the legal entity Make an Executive Decision. left after the sale of the DMC to for-profit Van- guard Health Sys- Choose Sommers Schwartz tems Inc. But the trans- To Protect your career Walsh fer took nearly six months to occur, culminating with last week’s board vote and and your Family resignations. Walsh said he thought there was “a difference of opinion about Decisions… decisions. when the Health and Wellness Foundation was adequately pre- Choosing the right law firm to handle your pared to preserve and protect the charitable assets.” employment law dispute can be difficult. Fortunately, Another person who spoke to we at Sommers Schwartz can make your choice much easier. the delay is Cox, now principal Why? Simple. We offer you our vast experience with both with The Mike Cox Law Firm PLLC. business and individual cases, handle a diverse clientele, In approving the Vanguard ac- resolve cases quickly, customize fee arrangements and offer quisition, Cox said he put in place you the clout of a big law firm combined with highly provisions meant to safeguard the assets. By the terms of the agree- personalized service. ment, Legacy DMC would be required to retain 80 percent of the So make an executive decision. Choose Sommers Schwartz charitable assets for two years and for all your employment law needs. not give more than $30 million to a single foundation for the first three years. Any change to the terms of transferring the charitable assets would require a three- quarters vote by the 20-member board. Cox appointed seven people to the board. Powerful Attorneys. Remarkable Results. The transfer of $57.5 million finally received a unanimous vote yhd/s ^WZd/KE /^Whd^ ͻ /^Z/D/Ed/KE ͻ ,Z^^DEd ͻ KsZd/D >/D^ ͻ t,/^d>ͳ>KtZ last week. “While people bitched a little www.sommerspc.com | | | bit, those voting provisions made 248-415-2234 1-888-884-3878 2000 Town Center, Suite 900, Southfield, MI 48075 the process a lot better,” said Cox. ADVERTISING MATERIAL “The last thing I wanted it to be was an old boys’ handoff for 20120227-NEWS--0008-NAT-CCI-CD_-- 2/24/2012 5:22 PM Page 1

Page 8 CRAIN’S DETROIT BUSINESS February 27, 2012 OPINION Snyder may not be able to avoid right to work

ov. Rick Snyder may not want this on his desk — let alone on his plate — but business managers and own- G ers in Southeast Michigan overwhelmingly support making Michigan a “right to work” state. A whopping 73 percent of those surveyed in a February poll commissioned by Crain’s Detroit Business and the law firm of Honigman Miller Schwartz and Cohn said they favor right-to- work legislation. That figure dropped to 68 percent when poll- sters explained that workers who choose not to pay union dues under right-to-work legislation would still have the same wages and benefits the bargaining unit negotiated. The survey sample included business owners and executives in Southeast Michigan. A little less than half identified themselves as Republicans, so this is not strictly a partisan issue. Snyder has called “right to work” a divisive issue that would paralyze opportunities to work on issues he deems more important on his policy agenda. (Like maybe the new international bridge, for which business support has surged, according to our survey.) Like it or not, three things may push the right-to-work issue forward: the recent passage of a similar law in neighbor- ing Indiana, strong support in the Republican majority in the TALK ON THE WEB Michigan Legislature, and now support from business owners LETTERS in the part of the state that is most heavily unionized. Re: Atwater Brewery’s growth binge The governor may have to do some old-fashioned political Finally, a growth company/in- horse-trading to keep a bill passed by Republican majorities in Host med conferences dustry we can all get crazy about. the Legislature off his desk. Editor: Plus, all the ingredients are, or On Feb. 13, Crain’s Detroit Busi- Crain’s Detroit Business can be, sourced right here in the ness published a special supple- welcomes letters to the editor. Great Lakes State. State’s assets: Don’t forget people ment titled Medical Magnet. All letters will be considered for Freedom Trinity publication, provided they are Southeast Michigan has indeed signed and do not defame Manufacturing is on a comeback in Michigan. found its “medical momentum,” individuals or organizations. Re: Grubb & Ellis bankruptcy Not only have higher auto sales led to new hiring at au- and it is one that shows promise to Letters may be edited for length I wonder if there is room for the fuel Michigan’s next powerhouse tomakers and suppliers, but manufacturing across the board and clarity. Grubb team at Friedman’s offices? is growing. industry. From innovation that Compass Commercial draws impressive research money Write: Editor, Crain’s Detroit But Michigan needs to invest more in a “manufacturing-in- Business, 1155 Gratiot Ave., and national attention, to unique Detroit, MI 48207-2997. novation infrastructure,” according to authors of a new study business and community partner- Re: ESD program by Lansing-based Public Sector Consultants and the Washing- ships that are bringing growth to Email: [email protected] There are more than 60,000 ton, D.C.-based Brookings Institution. the area, the industry is blossom- jobs available for people with the Most manufacturing jobs are in metropolitan areas of the ing around us. ences. right skills. Kudos to ESD for its state, and that’s where the state can best add jobs, particularly In Detroit, anchor health care Bringing the world’s leaders to efforts to help Michigan busi- institutions have found solutions Detroit forges relationships that nesses by recruiting and retrain- through regional exports and by attracting foreign investment. to the challenges, such as public will allow Detroit and Michigan to ing talent. At the same time, other indicators — like patent applica- health, high costs and financial impact the industry on a federal Stephan Selander tions — are also concentrated in those same areas. According viability in a tough economy. We level. Hosting medical conferences to the report, Ann Arbor leads the pack in a measure of patent are quickly becoming the health will give us the platform we need Re: Mitt Romney care model for the rest of the to create thousands of advocates applications per 1,000 employees, followed by Holland, Niles, The automakers went bank- country. for Michigan’s Medical Momen- Detroit, Kalamazoo and Monroe. rupt despite $80 billion in tax- The next step is to invite the best tum. payer money. If Romney’s plan But a key to all of the opportunity is talent. Retraining dis- minds in the world to experience Bob Riney had been followed, the taxpayers placed workers, finding new opportunities for the jobless and for themselves the successes of De- President and chief operating officer, Henry Ford Health System would be $80 billion better off, and building a higher percentage of residents with college degrees troit’s health care hub by making Chairman, board of directors, Detroit Metro Conven- are all part of the equation. it a magnet for medical confer- tion & Visitors Bureau See Letters, Page 9 KEITH CRAIN: Are we happy with our 15 minutes of fame? Tomorrow, Michigan — and what happened and pen either, but it would may suffer from apathy and lack of from now until the general elec- Arizona — will hold presidential why. No one will really make it a lot more inter- interest by then. tion while other states hold pri- primaries. (As a practical matter, know what or why, but esting for all the politi- Somehow, with the media giv- maries and the conventions roll they are Republican primaries.) it fills a lot of broadcast cal watchers. ing this process so much attention, around. For the past couple of weeks, the time and takes up a lot Meanwhile, after the it’s a lot different than in days The results that come out of this media focus has all been on Michi- of space in newspapers. election results come gone by. It may not be over-cover- week’s Republican primary are gan. As we’ve had our moment in Meanwhile, some peo- out from Tuesday’s pri- ing our political process, but it not necessarily valid anyway since the sun, Arizona has been com- ple are ready to throw mary, we’ll be yester- sure comes close to it. Something we have an open primary in Michi- plaining the state’s contest hasn’t up their hands with the day’s news in Michi- has to be done to condense the gan and anyone can vote regard- been getting enough attention current field of GOP gan. And all attention process so that we all don’t tune less of their political affiliation. from the national media. candidates and are look- will focus on Super out on what is really a very impor- That can make for a confusing re- It sure looks like you can please ing for a wide open Re- Tuesday, when 10 states tant political process. sult that will be analyzed six ways some of the people some of the publican convention have primaries. Little It’s been pretty interesting for to Sunday. time. There is going to be a lot of this summer, with some white by little, we see the fall campaign us to be in the center of attention We’re in the midst of an impor- coverage of the voting on Tuesday knight showing up to slay all com- evolving. Unfortunately, because for the past couple of weeks. But tant political process. Too bad and then the inevitable analysis of petitors. That probably won’t hap- the process lasts so long, voters we’re going to feel like wallflowers most of us are sick and tired of it. 20120227-NEWS--0009-NAT-CCI-CD_-- 2/24/2012 10:35 AM Page 1

February 27, 2012 CRAIN’S DETROIT BUSINESS Page 9 OTHER VOICES: How we’re killing our own democracy

Like most Americans, I priorities, including re- threshold amount required for ba- naturalizing new citizens. The al solutions are less appealing to the am frustrated with the po- moving the government sic clothing, food and shelter. Per- massive economic divide of the voters than short-term handouts litical process and the from social issues. haps none of this solves the immedi- past 30 years is almost entirely funded with easy federal credit. leadership of my country, Rather, government ate underemployment problem. correlated to differences in educa- Let’s make it our goal to be the Republican and Democrat should provide incentives However, it does begin to address tion between the lower class and world leader in fiscal responsibili- alike. I am 42, with a wife, that will ensure our indi- runaway deficits. upper class of America, as we ty, with a frugal, educated and pro- three kids and a dog. vidual freedom and pro- If the government provides any- moved from an industrial to infor- ductive citizenry. It is a better My daughter is adopted mote investment, savings thing at no cost, it should be univer- mation-based economy. long-term plan than being the from China, so I have taken and personal responsibili- sity, college or vocational training. Thus, I feel strongly that our eco- world leader in pop culture, exces- time to better understand ty. Most governmental And every able-bodied 18-year- nomic and human resources would sive consumption of durable goods its culture and govern- services should be evalu- old citizen should be required to be better spent trying to make made with cheap foreign labor, ment. I am at least im- Joe Vig ated for privatization. provide two years of national ser- meaningful improvements to our and excessive entitlements funded pressed that China is run by engi- I do agree with Warren Buffett vice in exchange for affordable ed- declining education system than by unmanageable federal debt. neers focused on infrastructure, not that ordinary income and invest- ucation. This is a first step in pro- trying to prop up wages in low- Let’s start asking for the right lawyers serving special interests. ment income should be taxed at the moting an investment mindset skilled industries or creating things from our leadership, while I work 60 hours a week and try to same rate. And I think that con- rather than one of entitlement. Im- nonessential government jobs. The there is still time to fix the debt be a good dad, husband, friend and sumption should be taxed much migration could require a similar political problem with this ap- and bridge the class warfare. businessman (in that order). I run a more aggressively, over some program of national service before proach is that long-term education- Joe Vig is a Northville resident. construction business, but I also coach youth sports and participate in charitable endeavors, and I enjoy a few beers from time to time. I consider my situation as very blessed, very active and very chaotic. I have never been active in the political process. However, I now feel a compelling interest in politics. It is driven by the fact that the United States is rapidly going the way of the fallen Greek or Roman republics — democracies lost because of entitlements and imperialism. We have the best universities, the best transportation and energy infrastructure, the most transparent and efficient markets, valuable natural resources and, most important- ly, personal freedom. Despite this fertile ground for economic growth and stability, Republican and De- mocratic politicians have put us $15 trillion in debt. This has occurred because our leaders are no longer in the business of governance. They are in the election business. And we as citizens now look to the federal government as the solution to our problems, which in my opinion is a fatal approach. I fear that the coming decades are going to be painful. Individuals and businesses have been forced to dramatically change their behavior. Municipal and state governments are being restructured out of financial necessity rather than political will. TRANSFORMATION. The federal government must act now to show fiscal restraint as it addresses unemployment, national defense, social and entitle- NOT JUST ment programs. The U.S. has 5 percent of the world’s population, and we consume 25 percent of the GRADUATION. world’s energy and resources. We are not going to create meaningful long-term change by promoting economic growth through con- With more than 180 programs that meet Michigan’s immediate needs, sumerism and continuing on with business as usual. locations across the state and the goal of transforming students into We need to completely reset our professionals who can have an immediate impact, Ferris State University is a force in Michigan’s workforce. TALK CONTINUED ■ From Page 8 the appalling giveaway of GM to the Democrat-friendly UAW would not have happened. Anonymous2012

We need jobs, and all Romney wants is a name for himself and the fame that goes with it. mm548794

Re: Sale of Detroit assets There could be a huge development if it were possible to clean up the old Packard Plant. MikeOzzie DBpageAD.qxp 2/10/2012 9:22 AM Page 1 20120227-NEWS--0011,0012-NAT-CCI-CD_-- 2/24/2012 10:37 AM Page 1

February 27, 2012 CRAIN’S DETROIT BUSINESS Page 11

REPORTER’S NOTEBOOK Extra

Tom Henderson covers banking, finance, technology and biotechnology. Call (313) 446- 0337 or write thenderson @crain. com. Tom Henderson Banker mingles funny, money Knock, knock. Who’s there? Funny banker. Funny banker who? Funny banker Gary Sylvester Gary Sylvester really is a funny banker. And a funny stage, screen and television actor, too. Sylvester is CEO of Eastside Family Federal Credit Union in Eastpointe. He’s overseen a lot of changes at the credit union in the past few years. The credit union changed its name from Leo III Knights of Columbus Federal Credit Union; began targeting Sylvester members beyond the southern end of Eastpointe, in Center Line, Warren and St. Clair Shores; and expanded offerings to include first mortgages and commercial lending. And he bought a new headquarters on Nine Mile Road, getting a deal on the purchase of a former real estate office. “We went from a (membership decline) of about 240 members a year to opening up 20 new accounts a GLENN TRIEST month,” Sylvester said. Membership is President and CEO Hank Hubbard says business has been stronger than expected at Communicating Arts Credit Union’s newest branch, at Mack up to about 3,250, and assets have Avenue and Alter Road in Detroit. grown by about $5 million to about $30 million. Meanwhile, Sylvester began his comedy career in the early 1990s, when he was a vice president of consumer lending with Barnett Bank in Florida, and started writing and starring Taking it to the banks in his own commercials. What started as a strait-laced pitch out in front of one of the banks morphed into shtick that soon got him an offer to host a show on Credit unions grow amid industry ad campaign, shift in public attitude local-access cable TV. He enrolled in a comedy workshop, started doing local BY MARTI BENEDETTI we create products, we consider whether it standup and in 1993 won a contest at SPECIAL TO CRAIN’S DETROIT BUSINESS SATISFIED CUSTOMERS will serve our low-income population.” a Tampa comedy club. Formerly the Detroit Newspaper Indus- Michigan’s 319 credit unions have In 1996, Sylvester returned to the idespread consumer dissatisfaction trial Credit Union, Communicating Arts with large banks and a stepped-up ad- 4.5 million members, for a 45 percent Detroit area and started doing open market share — the highest among the 10 began shifting its focus in 2005, respond- mike nights at Comedy Castle in Royal W vertising campaign by Michigan ing to a drop in membership from media. largest states — according to the Oak, and then began emceeing on the credit unions have helped put the industry Michigan Credit Union League. A Gallup Its newest branch opened in January in a weekends. in the spotlight and led to robust growth. study commissioned by American Banker shopping center at Mack Avenue and Al- In 2007, Sylvester auditioned for a The Credit Union National Association es- magazine found greater average customer ter Road on Detroit’s east side. short film and got the lead in “The timates that from Sept. 29 to Oct. 29, satisfaction with credit unions than with “We expected a flood of new members, Norm,” a 10-minute comedy about a Michigan credit unions gained 27,900 banks. but it hasn’t died down yet,” Hubbard rube from the farm that was filmed in members, far above typical monthly num- Customer satisfaction score (out of 10): said. “Most of our members are joining the Guardian Building and made the bers. It is closer to what the Washington, Credit unions 8.43 for the reasons Occupy Wall Street people film-festival circuit. That was followed by D.C.-based organization estimates credit U.S. banks 6.85 talk about. The unbanked people are un- a series of roles in shorts for the unions in the state would ordinarily gain banked because the banks won’t give festival circuit, including a conflicted in an entire year. Source: Michigan Credit Union League them bank accounts.” priest in “Hellbent and Broken”; a mad Michigan has 4.5 million credit union Lisa Burroughs, COO of the Michigan scientist in a comedy called “Literally”; members. growth is debatable. Some credit unions School and Government Credit Union in Clin- a bit part in the 2009 full-length feature The 2009 and 2010 credit crisis, scrutiny say it had no effect, while others say it ton Township, said she saw notable “Street Boss,” which won the best of loan customers by banks and increasing was instrumental. Others aren’t sure. growth starting in late October. feature film prize at the Detroit-Windsor bank fees helped credit unions gain busi- Hank Hubbard, president and CEO of “I think that was a result of publicity International Film Festival; and a scene ness, said David Adams, CEO of the Lans- Communicating Arts Credit Union in Detroit, as an extra in a Nike commercial. for Bank Transfer Day that started in ing-based Michigan Credit Union League. said OWS’s impact on consumer behavior mid-October,” she said. “Bank Transfer He’s also played the role of Elwood Some of the ire against banks — a pri- is hard to gauge since he watched member- Day was awesome for us. When we Blues at the Motor City Casino. mary target was Bank of America and its ship climb long before the movement start- opened our offices on that Saturday, there As befits the split-personality nature proposal to levy a $5 fee on debit card ed. In the past year, the credit union has was a line of people outside waiting.” of his interests, Sylvester says he has transactions — coalesced into the Occupy gained about 200 members each month. She said as a result of that experience, two short-term goals: merge Eastside Wall Street movement’s nationwide “Bank He said his credit union’s niche is low- all of the credit union’s branches will be with another area credit union to Transfer Day” on Nov. 5. It encouraged income Detroiters, who are underserved open on Saturdays from 9 a.m. to 1 p.m. expand Eastside’s footprint, and to people and small businesses to move their by traditional financial institutions. work his way up from open mike and beginning April 7. accounts from banks to credit unions. “We are trying to provide credible finan- emcee gigs to being a weekend Burroughs said that from late October Just how much the OWS anti-bank ef- cial services to people who have been for- featured performer. fort drove Michigan’s credit union gotten by the banks,” Hubbard said. “When See Credit unions, Page 12 20120227-NEWS--0011,0012-NAT-CCI-CD_-- 2/24/2012 10:37 AM Page 2

Page 12 CRAIN’S DETROIT BUSINESS February 27, 2012 Finance Extra Credit Union Experience Credit unions: Gaining members In Your Corner. ■ From Page 11 until now, the Michigan School and Government Credit Union averaged MEASURING UP 650 new members a month. It Here’s a look at performance by a sampling of large credit unions in opened a branch in Warren in mid- Michigan from December 2009 to December 2011: January that brought in 90 new Change Change Change in Total new members in two weeks and resulted Credit union in deposits in loans membership members in having to hire 25 employees. Community Alliance 5.1% 38.6% 13.4% 953 Others say Bank Transfer Day Community Financial 11.4% 9.0% 12.3% 5,384 did little or nothing to help their credit union business. Michigan First 14.5% -0.7% 9.0% 6,929 “We saw no increase in member- Public Service 16.8% 6.2% 13.3% 2,918 ship,” said Gary Moody, president Total 13.0% 7.6% 12.8% 16,184 and CEO of Ferndale-based Credit Union One. “We’ve had steady training programs. “Credit unions and community growth as usual.” Obtaining a loan is the primary banks have a lot in common, but we Moody added that the Occupy De- reason consumers use credit are at a competitive disadvantage troit movement got less press than unions. Frequently, loans are avail- because we do pay taxes.” some cities’ organized efforts, so able at a lower interest rate. But cus- Patrick McQueen — the former Bank Transfer Day was a nonevent tomers also benefit from higher in- state banking commissioner who for most Detroit area residents. terest rates on savings and checking works with both banks and credit The statewide jump in member- accounts, and no fees on transac- unions as a managing director of the ships actually occurred before Bank tions. banking practice at Southfield- Transfer Day, and “was during the Unlike banks, credit unions are based consulting firm of BBK Ltd. height of the on-again, off-again tax-exempt not-for-profit financial and with his son Charles’ firm, Mc- Bank of America debit card fee de- institutions, Adams said. This re- Queen Financial Advisors of Royal Oak bacle,” Adams said. duces their costs considerably, and — said taxation is a bigger issue for Credit unions in Michigan had a because net earnings are not taxed, outstate community banks, where healthy fourth quarter, and “the they have a further pricing advan- local credit unions are the biggest credit unions are continuing to see tage. This structure allows credit competitors. Steven T. Buquicchio really nice growth in membership unions to lend to consumers and “There is an uneven impact,” he and checking accounts,” he said. small businesses even in a tough said. Meanwhile, Michigan credit economic climate. McQueen said bank lobbyists unions’ cooperative broadcast and Rob Farr is president and CEO of have argued in Washington for print advertising exposed more peo- the Bank of Birmingham. Like other years against the credit union ex- ple to the purported benefits of cred- bankers, he says credit unions enjoy emption. it unions. The MCUL is spending an unfair advantage in the competi- “Banks are up in arms over this, more than $3 million a year on ad- tion for customers because, unlike but credit unions have an effective vertising, compared with the banks, they don’t pay federal in- lobby. Their ability to lobby Wash- $400,000 it spent eight years ago. The come taxes. ington is second to none. And as organization also provides state But unlike many other bankers, soon as legislators are sworn in, I Metro Detroit I Grand Rapids I Kalamazoo I Grand Haven I Lansing credit unions with legislative, regu- his philosophy has been if you can’t they automatically become mem- latory and media advocacy services, beat them, join them. bers of the Congressional Federal Cred- along with news and education and Credit unions band together in it Union,” he said. something called credit union ser- Adams said any bank could con- vice organizations to provide larger vert to a credit union charter and commercial loans together than have the tax benefits, but they they could individually. would lose the ability to raise capi- Farr’s bank has been a partner on tal by issuing stocks and bonds, and several loans with the Commercial Al- the ability to compensate a board of liance service organization in Troy, directors and allow officers to own Have a specific need? Our candidates have specific training. which has a membership of 13 state stock and stock options. credit unions and a loan portfolio of “What continues to drive people $150 million. to explore credit unions was never “It’s been a great relationship,” about one bank, one fee or one day,” said Farr. “Both credit unions and Adams said. “It’s a bigger-picture is- community banks have benefited sue of consumers looking for the from what’s going on with the na- best deal around.” tional banks and customer dissatis- Tom Henderson contributed to this faction. story.

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February 27, 2012 CRAIN’S DETROIT BUSINESS Page 13

CRAIN'S LIST: LARGEST CREDIT UNIONS Ranked by 2011 assets

Company Assets Assets Number of Total loans Total loans Address ($000,000) ($000,000) Percent members/ ($000,000) ($000,000) Rank Phone; website Top executive(s) 2011 2010 change Number of branches 2011 2010 DFCU Financial Mark Shobe $3,100.0 $2,985.3 4% 213,869 $1,268.5 $1,321.3 1. 400 Town Center Drive, Dearborn 48126 CEO and president 23 (888) 336-2700; www.dfcufinancial.com Genisys Credit Union Jackie Buchanan $1,400.0 $1,300.0 8% 128,000 $749.3 $726.0 2. 2100 Executive Hills Blvd., Auburn Hills 48326 CEO 25 (248) 322-9800; www.genisyscu.org Tom Alter president Michigan Schools & Government Credit Union Peter Gates $1,130.9 $1,049.0 8% 67,032 $663.6 $665.1 3. 40400 Garfield Road, Clinton Township 48038 CEO and president 10 (586) 263-8800; www.msgcu.org Credit Union One Gary Moody $739.2 $725.9 2% 103,675 $519.9 $555.4 4. 400 E. Nine Mile Road, Ferndale 48220 CEO and president 16 (248) 398-1210; www.cuone.org Michigan Educational Credit Union Bob Sandercock $622.0 $595.8 4% 48,808 $323.0 $356.3 5. 9200 Haggerty Road, Plymouth 48170 CEO and president 6 (734) 455-9200; www.michedcu.org Michigan First Credit Union Michael Poulos $598.5 $567.4 5% 83,600 $325.5 $331.6 6. 27000 Evergreen Road, Lathrup Village 48076 CEO and president 9 (313) 345-7200; www.michiganfirst.com Community Financial Members Federal Credit William Lawton $477.9 $457.0 5% 48,997 $439.2 $417.9 7. Union CEO and president 8 500 S. Harvey, Plymouth 48170 (734) 453-1200; www.cfcu.org University of Michigan Credit Union Tiffany Ford $459.9 $426.7 8% 48,902 $238.9 $243.9 8. 340 E. Huron St., Ann Arbor 48104 CEO and president 7 (734) 662-8200; www.umcu.org Detroit Metropolitan Credit Union Kathie Trembath $458.3 $437.4 5% 22,293 $48.3 $44.9 9. 1480 E. Jefferson Ave., Detroit 48207 CEO 1 (313) 568-5000; www.dmcu.com Community Choice Credit Union Robert Bava $450.9 $434.7 4% 50,116 $333.5 $335.0 10. 31155 Northwestern Highway, Suite 294, Farmington Hills CEO and president 8 48334 (877) 243-2528; www.communitychoicecu.com

Credit unions must be based in Wayne, Oakland, Macomb, Washtenaw or Livingston counties to be eligible for inclusion. Information is supplied by the credit unions and the National Credit Union Administration December 2011 reports, ncua.gov. This is not a complete listing but the most comprehensive available for the the area. NA = not available. LIST RESEARCHED BY BRIANNA REILLY

■ An expanded version of this list can be purchased at crainsdetroit.com/lists. Get in on the conversation You Deserve Unbiased Tenant Representation Big Bucks, High Tech

– A banking and technology Real Estate Strategy blog written by Tom Henderson with insights and news on Tenant Representation the people and places driving these industries. Buyer Representation Project Feasibility Whether leasing, buying or building, users of space have the Construction Oversight Get there at upper hand in today’s real estate market. Let our experienced crainsdetroit.com/blogs team of real estate professionals uncover every option. Incentives Follow me on Twitter @tomhenderson2 Lease Administration pmcresa.com 248.223.3500 20120227-NEWS--0014-NAT-CCI-CD_-- 2/24/2012 9:58 AM Page 1

Page 14 CRAIN’S DETROIT BUSINESS February 27, 2012 Podiatrists form statewide medical group, look to contract with insurers

BY JAY GREENE supplies will more than pay for ployment or joint venture partner- CRAIN’S DETROIT BUSINESS capital contributions,” Frederick ships. said. Some 50 other doctors have “Hospitals sometimes can get Sixty-five podiatrists have creat- purchased TrakNet and are in var- higher reimbursement for proce- ed the Michigan Podiatric Surgeons ious stages of implementation, he dures, and small practices don’t Group PLLC, a Berkley-based said. have the clout to negotiate fee-for- statewide medical group, to pre- Ali Safiedine, a solo-practice po- service” reimbursement rates pare for health care reform, con- diatrist in Dearborn, said he pur- with payers, Wisinski said. tract with health insurers and join chased the TrakNet EMR last year In late March, the Michigan po- one or more of the dozen account- but still expects to receive up to a diatry group will meet to discuss able-care organizations under for- $10,000 discount as part of the ven- and possibly vote on an operating mation in Southeast Michigan. dor discount arrangement. agreement that pledges each doc- The medical group, which in- TrakNet costs about $25,000 to tor to bill collectively through the cludes about 50 podiatrists in $30,000, depending group and agree metro Detroit, also is contracting on the size of a to follow com- with vendors for lower supply and practice. We already are mon clinical equipment prices and plans to de- “I joined because “ protocols or best velop best clinical practices for there is saving $5,000 practices, said more than two dozen procedures definitely Frederick, who to prove value to insurers, said Jef- strength a year in our also is chairman frey Frederick, a podiatrist and with num- of the insurance chairman of the group. bers. Once practice for committee of “This came about because of you look at the Michigan Po- health care reform and the con- the bottom regular office diatry Medical As- cern we have that accountable- line with sociation in care organizations haven’t shown the super- and medical Lansing. an early need for specialists,” said group ne- “You can’t ne- Frederick. “We want to contract gotiating supplies. gotiate prices with insurers and also position prices with ” with insurers ourselves as a group” to join ACOs durable medical Jeffrey Frederick, until all claims as they contract with Medicare equipment compa- NorthPointe Foot & Ankle are running and private payers, he said. nies, office and through a single The Michigan podiatric group is medical supplies, we can get better entity,” which could take one to loosely affiliated with a national rates than on our own,” said two years to accomplish, Leardi organization, Podiatric Super Group Safiedine, who has eight employ- said. Management LLC, said Hal Orn- ees, including two medical assis- “When we sit down with insur- stein, a podiatrist in Howell, N.J., tants. ance companies, they will not pay and chairman of the national Steven Wisinski, senior manag- us more because we are bigger. group. Affiliates are also in seven er with ShindelRock, a Novi-based They will pay us more on a per-ser- states, including New Jersey, accounting, tax and consulting vice basis because we have better Texas, Ohio, Delaware, Maryland firm, said many single-specialty outcomes and fewer interventions and Alabama. physician groups in Michigan (less costly),” Leardi said. Ornstein, also co-chairman of have been discussing a variety of In a study in the Journal of the the 71-member New Jersey Podiatric affiliation options to save money American Podiatric Medical Associa- Physicians & Surgeons Group LLC, on office and professional costs. tion, patients with diabetes and said the national group will even- “We hear a lot of consolidation commercial insurance who visited tually negotiate vendor contracts on a regional basis, but not on a podiatrists, who are experts in foot for supplies and shipping, create national basis like what the podia- and ankle care, saved $19,686 over subsidiaries to manufacture or- trists are doing,” Wisinski said. three years if they visited a podia- thotic devices and possibly self-in- “You have a bunch of small busi- trist before diabetic ulcerations, sure for employee benefits and nesses that realize they can share which are the primary factor lead- malpractice insurance coverage. costs, eliminate duplication and ing to lower extremity amputa- Over the past several months, maximize revenue if they get to- tions. The report estimated annual the national and state groups have gether.” savings of $10.5 billion. secured preferred vendor prices Wisinski said hospitals also are Jay Greene: (313) 446-0325, with St. Paul, Minn.-based Bio- trying to recruit physicians into [email protected]. Twitter: Medix’s TrakNet EMR, said John their organizations through em- @jaybgreene Leardi, an attorney in Princeton, N.J., who represents the New Jer- sey podiatric group and is advis- ing state groups. Frederick said the Michigan group also has negotiated local vendor contracts for discounted medical and office supplies and durable medical equipment. The groups also will centrally adminis- Consultative ter various business functions, in- Professional life insurance counseling cluding employee benefits and in- in a non-salesy environment surance coverage, to get best pricing. “We already are saving $5,000 a year in our practice for regular of- We work with our clients and their advisors to: fice and medical supplies,” said Reduce estate and income tax Enhance fixed income Frederick, president of NorthPointe Foot & Ankle in Berkley. yields Solve family and business issues Improve To provide initial capital for the existing life insurance policies. group and its three employees, each physician has contributed $2,000, Frederick said. More funding will be required this spring as the group takes further steps to financially and clinically integrate to comply with federal antitrust guidelines governing provider BIRMINGHAM, MICHIGAN 248.731.9500 price fixing, Leardi said. WWW.SCHECHTERWEALTH.COM “The savings we get from purchasing the EMR and discounted 20120227-NEWS--0015-NAT-CCI-CD_-- 2/24/2012 11:35 AM Page 1

February 27, 2012 CRAIN’S DETROIT BUSINESS Page 15

BRIEFLY 3 local firms get state funds It has invested in eight companies 20 to showcase economic attrac- from its second fund of $170 mil- tion opportunities in the county Three Michigan companies — lion. The second fund also invested for European medical device mak- Detroit-based Clean Emission Fluids in Savage, returning about 50 per- ers and other businesses. Inc., Ann Arbor-based Estrakon Inc. cent after just 19 months. The county’s Department of Eco- and Ann Arbor-based Ix Innovations — Tom Henderson nomic Development and Commu- LLC — have received investments nity Affairs expects 40-50 compa- totaling $585,000 from the Michigan nies will attend the one-day Do the Pre-Seed Capital Fund. Ann Arbor firm’s algae-gene seminar in Bologna, Italy. Topics Individual investments were not research wins new funding will include incorporation in the disclosed. United States, local financing, edu- Clean Emissions provides on- RetroSense Therapeutics LLC, an cational resources available site blending of biofuels and other Ann Arbor-based company that through Oakland University and as- Right Thing fluids at truck fueling stations, Es- hopes to use genes from pond algae sistance with regulations of the trakon makes LED-lit advertising to help give sight to those blinded U.S. Food and Drug Administration. signs that reduce energy usage, by retinitis pigmentosa, or macu- The audience will be primarily and Ix Innovations improves elec- lar degeneration, has won a Italian businesses looking at a U.S. trical test and measurement in- $250,000 grant from the Maryland- presence for the first time — par- Ethos Week strumentation and has marketed based Foundation Fighting Blindness ticularly medical device makers, one device that accurately mea- Inc. said department director Irene sures electrical current down to The photosensitive gene in pond Spanos. March1-1 trillionths of an ampere. scum, called channelrhodospin-2, “The U.S. remains the large To date, 63 Michigan companies helps it move to sunlight on water medical device market, and many have received more than $14 mil- for photosynthesis. In animal European companies, right after cob.emich.edu lion from the fund, a collaboration tests, the gene gives some vision to they’ve explored the European of the state’s SmartZones adminis- certain types of retinal cells which market fully, consider their next tered by Ann Arbor Spark. survive long after disease has step to be entering the U.S.,” she — Tom Henderson killed the rods and cones that nor- said. “And they will be looking for mally are responsible for sight. a skilled workforce and manufac- Big deal closes Long Point fund RetroSense, a startup that previ- turing capacity, which is where we ously received funding from the would fit.” Royal Oak-based Long Point Capi- Michigan Pre-Seed Capital Fund, Medical Main Street is an al- tal Inc. has closed out its first pri- is based on research at Wayne State liance of hospitals, universities, vate equity fund with a bang, sell- University. pharmaceutical companies, med- ing Savage Sports Holdings of — Tom Henderson ical device manufacturers and Westfield, Mass., to Norwest Equity medical professionals founded in Partners of Minneapolis and a man- Medical Main Street to showcase 2008 by Oakland County Executive agement group at Savage for what L. Brooks Patterson. The alliance is believed to be more than $100 Oakland County to Italian firms looks to build brand awareness for million. Oakland County will host the the county and economic develop- WJR’s Paul W. Smith Long Point officials couldn’t first seminar for its Medical Main ment in the life science industries. EMU’s David Mielke confirm the sale price but said that Street initiative in Italy on March — Chad Halcom the deal returned more than $54 million to fund investors. Long Point invested $18 million in Sav- age, a maker of firearms and archery equipment that it bought in 2004. The sale was the last deal involv- ing the $145 million first fund, which produced double-digit re- turns to investors, according to managing director Gerry Boylan.

NOMINATE ENTREPRENEURS FOR CRAIN’S SALUTE The deadline to nominate someone for Crain’s Salute to Entrepreneurs awards program has been moved to April 30. Crain’s is seeking nominations for entrepreneurs who deserve to be recognized for their innovation, problem-solving ability or sheer relentlessness. Anyone is welcome to nominate an entrepreneur, including entrepreneurs themselves. The awards are broken out by five revenue categories according to size. There is also a category for social entrepreneurs and one for “intrapreneurs” — people within companies who have demonstrated an entrepreneurial spirit to help the company grow. Award winners will be recognized in the June 18 edition. Go to crainsdetroit.com/nominate for more information on the categories and the requirements to make a nomination. Questions? Contact Gary Anglebrandt, Web editor, at [email protected] or (313) 446-1621. 20120227-NEWS--0016-NAT-CCI-CD_-- 2/24/2012 9:59 AM Page 1

Page 16 CRAIN’S DETROIT BUSINESS February 27, 2012

20I2 DETROIT TIGERS Port authority aims for projects INDIVIDUAL beyond river; DEGC has concerns

BY BILL SHEA International LLC, a global supply TICKETS CRAIN’S DETROIT BUSINESS chain logistics management firm that does warehousing and distrib- ON SALE THIS SATURDAY The new chairman of the Detroit- ution. Wayne County Port Authority wants While critical of the authority’s his organization to finance infra- plan for expanded bonding abili- AT I0 AM structure projects away from the ties, Jackson has plenty of praise Detroit River, a goal that has an- for James. other local economic development “Louis is a very good business- group concerned. man. What he will bring is his acu- “The port authority is a link in James Jackson men. That will be a real asset for the transportation modes, like air the port authority,” he said. “That and road,” said Chairman Louis streams of revenue,” he said. business mind that he has and his James. “My interest is linking all The state, county and city provide experience will help the port au- three of those together to create a combined $1 million in annual op- thority grow.” more business opportunities.” erating funds for the authority. The port authority has not been a To do that, the authority is seek- But James also defended the de- very visible organization in Detroit ing legislative approval that would sire to do inland projects as help- and Wayne County, James said. allow it to issue bonds for inland ing with legitimate economic de- The $22.1 million, 21,000-square- transportation projects. velopment. foot public passenger terminal and But George Jackson, president “I think everyone needs to be do- offshore wharf that opened last THRILLING MATCHUPS AND THE NEWEST TIGER, of the quasi-public Detroit Economic ing economic development in De- year near the Renaissance Center Growth Corp., worries that the port troit,” he said. “All you have to do helped boost the authority’s public PRINCE FIELDER authority doing projects away is drive around and look around. profile, and James said he intends from the river will create a confus- We’re not here to be competitors. to further increase its profile by ing duplication of services. We are here to be part of the devel- using the riverfront for business “It has to be done in a manner opment, wherever we fit.” and social commerce. that doesn’t cannibalize existing He noted that the Cleveland-Cuya- “It’s underutilized,” he said, organizations,” he said, adding hoga County Port Authority helped fi- without divulging plans. that he believes the authority nance the Rock & Roll Hall of The authority plans to unveil a wants to issue bonds because it Fame adjacent to Lake Erie, and revamped website at (866) 66-TIGER will collect a fee on them for each the Port Authority of New York and portdetroit.com in two weeks and project financed. New Jersey financed the original is working on a new marketing “We all have bonding power. World Trade Center towers. plan, James said. They don’t have any money of The Detroit port authority can It’s also lobbying to change a their own,” Jackson said. finance projects only along the De- state environmental law governing TIGERS BOX OFFICE James doesn’t deny that the au- troit River — a notable example ballast for oceangoing cargo ships (NO OUTLET SALES) thority is interested in collecting being $43 million in bonds it issued to allow them to load local exports money from financing new projects. in 2004 to aid construction of the here rather than in Toledo. “We have to create other Beaubien Place parking garage ad- Ontario lacks the same restric- jacent to the Renaissance Center. tive ballast rules aimed at control- Sen. Mike Kowall, R-White Lake ling invasive aquatic species that Township, is working on bills that can damage the Great Lakes, mean- would authorize the port authority ing the Michigan law is pointless to issue bonds for inland projects, because creatures such as the zebra said John Jamian, the authority’s mussel don’t stop for international director. boundaries, James said. James, 66, served as the port au- “In Windsor, they’re able to do thority’s vice chairman for eight what we’re unable to do,” he said. years after being appointed to the “(Changing the law) will create un- board by then-Mayor Kwame Kil- limited opportunities for com- patrick and reappointed by Mayor merce on the river, in both direc- Dave Bing. The rest of the five- tions. We bring in a lot, but we member board unanimously voted don’t take out a lot.” to make him chairman after Art Bill Shea: (313) 446-1626, Blackwell resigned in January. [email protected]. Twitter: James owns Detroit-based Jasco @bill_shea19

Presented by Art Van Furniture Report: Cut DEQ rules, help economy A report released last week rec- business in Michigan,” Troy Cum- Eleanor Josaitis opened the door of opportunity for thousands off ommends that Gov. Rick Snyder mings, an attorney at Warner Nor- people throughout the region. Let’s show our enduring love and eliminate 330 — nearly one in nine cross and Judd LLP who served on — of the Michigan Department of En- the environmental review panel, appreciation as we join hands to launch the Eleanor M. Josaitis vironmental Quality’s administrative said in a statement. “We believe Fund for Focus: HOPE. rules, calling them obsolete or these recommendations make overly burdensome. Michigan a more attractive desti- 6:30 p.m. The Office of Regulatory Rein- nation for businesses while main- vention, a state department that taining the key protections to Saturday, March 10, 2012 aims to reduce what it considers Michigan’s environment.” Detroit Marriott Renaissance Hotel burdensome or unnecessary rules Among the suggested changes in Tickets: $250 each in legislation, suggested 77 the report: Recycle reusable indus- changes in Michigan’s environ- trial byproducts, cut back on pa- mental policy that could lead to perwork that’s unnecessary to the Purchase tickets at www.focushope.edu or economic growth. public, and expedite applications by calling 313.494.4371 The December report was issued for government-backed small-busi- by a committee that included envi- ness loans. ronmental lawyers, DEQ officials And to make the state more com- Eleanor M. Josaitis Fund for Focus: HOPE and representatives from environ- petitive, the report recommends mental groups, local governments eliminating Michigan-specific and corporations. amendments to rules that exceed “These recommendations signif- federal standards. icantly reduce the cost of doing — Meghana Keshavan 20120227-NEWS--0017-NAT-CCI-CD_-- 2/24/2012 11:03 AM Page 1

February 27, 2012 CRAIN’S DETROIT BUSINESS Page 17 Real estate consulting firm doesn’t let small size keep it out of big league FUTURE.I AMAM SEIZINGSEIZING MYMY BY DANIEL DUGGAN farm in Gratiot County. you’re a smaller firm, you need to CRAIN’S DETROIT BUSINESS MCA recently completed a have visibility, otherwise you don’t three-year job for the Ann Arbor even find out about projects.” When Jeff Evans started a real Downtown Development Authority. A developer who comes to town estate development consulting Starting with $275,000 in rev- and is looking for a civil engineer firm in the midst of a recession, he enue in the first year, 2009, Evans will likely call the larger firms on knew it was a risk. built the book of business into the list, he said, where smaller Not only did he have to compete $1.5 million by the end of 2010. But firms might not get a call. for business against firms more he realized the growth had gone SME recently moved into the In- than 10 times the size of his, but he unchecked. dianapolis market, Kramer said, had to deal with a dramatically “At the end of 2010, we did a and has the similar challenge of smaller pipeline of developments strategic review and realized that growing. As a result, SME has gone in the region. two-thirds of our revenue was after niche projects for which other “We had to coming from two clients,” he said. firms might not be competing. They take risks, work “That scared us to death.” did testing for Super Bowl XLVI to harder and be They set out and broadened the ensure that the sidewalks could smarter with client list to 12. withstand the pressure of so many our money,” The key for a small firm to com- people walking on them at once. said Evans. pete against larger firms is to in- Evans agreed part of growing the The firm con- vest and work smarter. firm was taking risks on projects sults for devel- “We invest heavily in technolo- that not every firm might go after. Mia Milton, Master’s, opers and con- gy so that we can work smarter,” His firm, for example, has focused Integrated Marketing Communications struction firms he said. “We can do a job with one on predevelopment services for Evans during the early person being smart with technolo- wind farms and is anticipating the stages of a project by performing gy where other firms need to use start of work on its fifth project. With a College of Business Degree from EMU, you’ll be prepared to: due diligence on the land, provid- two people.” “We aren’t afraid to take risks, Innovate… Choose from Market-driven majors. ing civil engineering services and The challenge for small firms just and we’ll go after things even if we Apply… Advance quickly with hands-on experiences. managing the approval process starting out is persuading clients to don’t know as much as the other with local governments. pick them despite the short life of folks,” said Damon Garrett, the op- Reach… Study overseas to gain a global perspective. The firm has built up a list of the firm, said Mark Kramer, presi- erations manager for MCA, also clients that includes public utili- dent of Soil and Materials Engineers overseeing business development. Seize your future. Visit cob.emich.edu. ties and pipeline companies, Inc., a Plymouth-based firm that also “What we don’t know, we can which he is not permitted to name. does civil engineering work and had learn quickly, and that’s what I AM Metro Consulting Associates LLC is 2011 gross revenue of $26.5 million. we’ve had to do.” ™ working on the redevelopment of “Jeff will be able to succeed be- Daniel Duggan: (313) 446-0414, TRUEMU. Cobo Center and the Gratiot County cause he has relationships, and that [email protected]. Twitter: Business Education First Wind Project, a 30,000-acre wind helps a lot,” Kramer said. “When @d_duggan Global Health Services to develop hospital in Vietnam BY JAY GREENE ternational hospital projects, in- lishments, Williams said. Your Bank’s CRAIN’S DETROIT BUSINESS cluding a 353-bed hospital that will Global Health has hired Dallas- open this year in Bangladesh. based HKS Architects, which has of- Global Health Services Network, a “We are going to build them a fices in Northville and Ann Arbor, Farmington Hills-based consulting new medical city on empty land for the hospital design work. It Not Lending? and management company, has that will house a hospital, medical also has contracted with Providence signed a contract to design a pri- academic center, wellness center, Park Hospital in Novi to serve as a vately owned 300-bed hospital, med- a spa, hotel and a retirement cen- training site for future hospital ical spa, hotel and related services ter for seniors,” Williams said. staff, Williams said. center in Vietnam, said Patricia By 2020, the hospital is expected “We were selected (by a private Williams, the company’s president. grow to 1,000 beds, and the eco- bank in Vietnam) from 24 competi- Founded in 2008, Global Health friendly development will also tors,” Williams said. has planned and commissioned as- contain a supermarket, schools, “The bank subsidiary sees an pects of several smaller private in- restaurants and other retail estab- opportunity (to make money) because there are not enough beds in Vietnam,” Williams said. “There are two patients for each bed. It is very overcrowded and underbed- ded. They sleep head to foot.” The private Vietnamese hospital will market itself to paying patients, said Williams. Global Health employs seven in Get the details at its Farmington Hills office and ours are March 7 crainsdetroit.com/idea contracts with about 40 others across the U.S. based on project . needs, Williams said. Call for a free consultation. KEYNOTE SPEAKERS Williams said there is a lot of com- Loan amounts: $1,000,000.00 and above. petition worldwide to help develop- ing and smaller countries build s Investment Real Estate s Equipment Dan Gilbert, Founder/Chairman, medical facilities. But some U.S. s Owner Occupied Real Estate s Turnaround Consulting Quicken Loans Inc. hospital companies, including Novi- s Lines of Credit s Loan Modiﬁcations based Trinity Health, left the business s Accounts Receivable s Bank Workouts Future of Detroit by the late 1990s, she said. Over the next several months Global will complete a feasibility and business plan for the hospital Erik Qualman, author, that will include how many operat- Socialnomics ing rooms and types of inpatient services it will have, Williams said. Social Networking By summer 2014, the hospital 800.509.3552 should be ready to open, he said. www.eclipsecapitalgroup.com for Detroit Entrepreneurs Jay Greene: (313) 446-0325, 2207 Orchard Lake Road, Sylvan Lake, MI 48320 [email protected]. Twitter: “Since 1997” @jaybgreene 20120227-NEWS--0018-NAT-CCI-CD_-- 2/24/2012 10:00 AM Page 1

Page 18 CRAIN’S DETROIT BUSINESS February 27, 2012

BUSINESS DIARY ACQUISITIONS nies, has joined the Business Improve- of Talmer Bank and Trust, Troy, has ment Team LLC, Bloomfield Hills, a completed its merger with Lake Shore UPCOMING Fisher Unitech Inc., Troy, a Solid- consortium of independent consulting Wisconsin Corp., Sheboygan, Wis. Works 3-D CAD software reseller, ac- firms. quired SolidVision Inc., Boston, Mass., PARTNER EVENTS a SolidWorks value-added reseller. NAME CHANGES EXPANSIONS General Dynamics Land Systems, Ster- Metro Beach Metropark, Harrison ling Heights, acquired Force Protec- MD Bagel Fragel LLC, Ann Arbor, Township, changed its name to Lake Crain’s partners with a variety of organizations tion Inc., Ladson, S.C., a provider of opened a store at 448 Forest Ave., Ply- St. Clair Metropark. Website: blast- and ballistic-protected plat- mouth. Telephone: (734) 667-2709. Web- www.metroparks.com. on events and special subscription offers forms that support U.S. armed forces. site: www.mdbagelfragel.com. Buckingham Real Estate Advisers, for their members. Please visit their Web sites below. ArborOakland Group, Royal Oak, a Altair Engineering Inc., Troy, opened a Birmingham, changed its name to Oc- marketing services provider, ac- data center in Troy to house and man- cupancy Solutions LLC. Website: quired North American age its growing HyperWorks On-De- www.occupancysolutions.com. Reproductions, Livonia, a printing mand cloud-based computer-aided en- Negotiation GOLD and bindery company. gineering software. Website: NEW PRODUCTS www.altair.com. Speaker: Les Gold, Star of “Hardcore Pawn” Ecology Coatings Inc., Warren, devel- When it comes to a deal, Les is a master of the art CONTRACTS Just Energy Group Inc., Houston, Texas, oped bio-based, UV-curable materials an independent energy supplier, will Azure Dynamics Corp., Oak Park, an that can be used to make coatings safe of negotiation, and he’s coming to Marketing and locate a 130-person call center in Bing- automotive supplier, and Rohne- for human consumption and can be ham Farms, with the help of the Oak- Sales Executives of Detroit to share his insider se- Selmer AS, Norway, signed a letter of placed in direct contact with food and land County Department of Economic crets with a hometown crowd. intent to enter into an agreement food packaging. Website: www. Development & Community Affairs. whereby RohneSelmer will import ecologycoatings.com. Feb. 29 • 5 – 8 p.m. Website: www.justenergy.com. and distribute up to 400 Ford Transit TRW Automotive Holdings Corp., Livo- Townsend Hotel, Birmingham Connect Electric vans annually. JOINT VENTURES nia, introduced a dual-contour front- $45 MSED members/$60 non-members Alan C. Young and Associates PC, De- passenger airbag that can tailor itself For more information, sponsorship opportunities and troit, has been selected by Kappa Al- Autodata Solutions Inc., Troy, a divi- to the size of the occupant. Website: pha Psi Fraternity Inc., Philadelphia, sion of Internet Brands, El Segundo, www.trw.com. to register, please go to www.msedetroit.org or call Pa., to be its official auditors. Calif., and Chrome Systems Inc., Port- North American Bancard, Troy, a cred- Meeting Coordinators at 248-643-6590. Magnum Quality Resources, Sterling land, Ore., a DealerTrack company, it card processing company, released Heights, a consulting firm, was cho- Lake Success, N.Y., will be combined the Pay Anywhere Software Develop- sen by The Caribbean Institute for through a joint venture agreement to ment Kit to developers interested in Doing Business with the GSA Quality, Trinidad and Tobago, to pro- form Chrome Data Solutions LP, Port- mobile payment software. Pay Any- land Ore. Greg Perrier of Autodata will Presented by the PTAC of Schoolcraft College – vide ISO 17025 laboratory accredita- where is a free app and credit card tion training to petrochemical compa- be CEO and Mark O’Neil of Dealer- reader that enables users to accept Learn more about how your small business can suc- nies in the southern Caribbean. Track will serve as chairman of the credit card payments on their Apple board. cessfully contract with the federal government using Campbell-Ewald Co., Warren, an ad- or Android devices. Website: Inteva Products LLC, Troy, opened a www.nabancard.com. GSA Federal Supply Schedules contracts. GSA Busi- vertising agency, has been hired by Consumers Energy Co., Jackson, to new plant and engineering center in ness Specialist and expert Anthony Outley will provide handle marketing and communica- South Korea, which will be operated under Inteva’s joint venture, KDS Co. DIARY GUIDELINES companies the opportunity to learn more about GSA tions work for the electric and natural gas utility’s customer engagement ini- Ltd., with Korea-based auto supplier Multiple Award Schedules. SL Corp. Send news releases for Business tiative. Diary to Departments, Crain’s March 6 • 9 a.m. – Noon • Schoolcraft College OpTech LLC, Detroit, an information- Detroit Business, 1155 Gratiot $45 per person. Registration required: 734-462-4438. technology and engineering business MERGERS Ave., Detroit, MI 48207-2997 or software company, has been awarded Murray & Associates PC, St. Clair send e-mail to cdbdepartments@ the option to extend services with the Shores, a tax firm, merged its practice crain.com. Use any Business Diary Walsh Third Annual HR Summit U.S. Coast Guard for the continued into Polk and Associates PLC, Bing- item as a model for your release, technology support of their resource ham Farms. Murray & Associates, in- Keynote speaker: Gail D. Cober, Director EEOC and look for the appropriate planning system. cluding its partners and staff, will re- category. Without complete Detroit Field Ofﬁce Taligence Inc., Rochester Hills, a main in its existing office. The information, your item will not run. Featuring Walsh Professor Dr. Lee Meadows provider of contract human resources combined firm will operate from both Photos are welcome, but we cannot and employee relations consulting locations as Polk and Associates. guarantee they will be used. March 8 • 8 a.m. – 2 p.m. services to small and midsize compa- Talmer Bancorp Inc., parent company Troy Campus Website: thewalshinstitute.com/lchottopics or call 248-823-1392.

Troy Chamber Presents Making Your Smartphone Work for You Sponsored by T-Mobile. This will be an interactive discussion led by: Peter Arvant of the law ﬁrm Stark Reagan, PC; Jordan Kotubey of International Academy of Design and Technology; and David London of Parliament Studios. We will look at a day in the life of a smartphone/tablet user. Getting organized, managing your time, preparing for meetings, sharing through social media and providing seamless What are the customer service may all be just a touch away. Presenters will also discuss the top apps worth using key trends in the and those that aren’t. market indicating? March 8 • 8 – 9:30 a.m. Is now the time for University of Phoenix, 5480 Corporate Dr. (Troy) your business to $13 Troy Chamber members / $23 non-members begin reinvesting Mark Davidoff, RSVP to 248-641-8151, [email protected] Are we on the or are the risks Michigan Managing or www.troychamber.com/cal still too high? Partner, road to recovery Deloitte LLP Troy Chamber Presents WE’LL DISCUSS: Travel Informational Meeting – Free and open or the precipice of a • Key economic indicators to the public The Troy Chamber is hosting two trips in 2012, double-dip recession? • Potential impacts of the China and Hong Kong/Thailand. We want you to be 2012 election season a part of the international fun! The trips are open to everyone – families, businesspeople, couples etc. • Economic forecast over Details at the informational meeting. the next 5 years March 8 • 5:30-7 p.m. March 13|Noon – 1 p.m. EST Carl Steidtmann, St. Andrew’s Society of Detroit Kilgour Scottish Speciﬁ c actions Chief economist, • Deloitte Services LP Centre, 2360 Rochester Ct. (Troy) To learn more, please visit businesses can take RSVP appreciated. Call 248-641-8151 or email: www.crainsdetroit.com/crainsevents in the face of [email protected] FREE to Crain’s readers uncertainty 20120227-NEWS--0019-NAT-CCI-CD_-- 2/24/2012 10:01 AM Page 1

February 27, 2012 CRAIN’S DETROIT BUSINESS Page 19

CALENDAR WEDNESDAY Bank of the U.S. Dearborn Inn. $45 DEC nonmembers. Contact: James Melton, troit from the perspective of venture FINANCIAL LITERACY SEMINAR members, $55 guests, $75 nonmembers. (313) 578-3244; email: jmelton@ capitalists, with Mike Flanagan, capi- FEB. 29 Contact: (313) 963-8547; email: info@ inforummichigan.org; website: www. tal markets team leader, Michigan inforummichigan.org. Economic Development Corp.; Ted The Business of Networking. 7:30-10:30 MARCH 15 AT UM-DEARBORN econclub,org; website: www.econclub. a.m. Inforum. With Jennifer Maxson, org. Serbinski, vice president, Detroit Ven- Crain’s Detroit Business and the ture Partners; Emily Doerr, manager of practice group leader, coach and con- University of Michigan-Dearborn Launch Meeting for SI Detroit. 5-8 p.m. small-business programs, Detroit Re- sultant, Varnum Consulting. Rehmann, present Consumer Protection, The Voices of Fox Sports Detroit. 11:30 March 19. Networking event for area gional Chamber; others. Majestic Troy. $50 Inforum members, $75 non- Regulatory Reform and You, a part a.m.-1:30 p.m. March 8. Adcraft Club of software and Internet entrepreneurs. members. Contact: (877) 633-3500; web- of the Sustainability in Financial Detroit and Fox Sports others. Tiger Panel discussion on building an infor- Café, Detroit. Free; registration re- site: www.inforummichigan.org. Literacy series, 7:30-10 a.m. March Club at Comerica Park, Detroit. $35 mation-technology sector in metro De- quired at www.sidetroit.com. 15 at the school’s campus. members, $45 nonmembers, $25 junior members and students. Contact: Economic Forecast & Michigan’s Eco- Panelists are to include Dennis nomic Development Response. 7:30-9 Clarence Young, (313) 872-7850; email: a.m. Washtenaw Contractors Associa- Koons, [email protected]; website: www. tion. With Michael Finney, president president and adcraft.org. and CEO, Michigan Economic Develop- CEO, Michigan Bankers ment Corp., others. Weber’s Inn, Ann Building a Brand on a Budget. 11:30 Arbor. $25 WCA members, $50 non- Association; a.m.-1:30 p.m. March 12. Detroit Re- members. Contact: Gretchen Waters, and others. gional Chamber. With Eric Brown, (734) 662-2570; email: gwaters@wcaon Tickets are founder, Urbane Apartments. Emag- line.org; website: www.wcaonline.org. $35 for current ine Royal Oak. $25 chamber members, Crain’s $40 nonmembers. Contact: Marianne THURSDAY subscribers, Alabastro, (313) 596-0479; email: mal $30 for groups [email protected]; website MARCH 1 Koons of 10 or more www.detroitchamber.com. Health Care Leaders Forum. 7:30 a.m.-5 and for UM-Dearborn students p.m. Detroit Regional Chamber, others. and faculty, and $60 for Commercial and ABL Lending to Middle With Nancy Baum, Center for Health- nonsubscribers. A special ticket Market Companies. 7-9 a.m. March 13. care Research and Transformation, oth- that includes a one-year Association for Corporate Growth De- ers. Federal Reserve Bank of Chicago- subscription to Crain’s is $59.50. troit. With Marshall Kleven, senior vice president, business banking and global Detroit branch. $99. Contact: (313) For sponsorship opportunities, 596-0343; email: bmaddox@detroitcham commercial banking, Bank of America; ber.com; website: www.detroitcham contact Marla Wise at (313) 446- others. Glen Oaks Country Club, Farm- ber.com. 6052 or [email protected]. ington Hills. $25 members, $45 nonmem- For additional information or to bers by March 12. Contact: (877) 894- register, visit 2754; email: [email protected]; website: www.acg.org/detroit. COMING EVENTS www.crainsdetroit.com/events. Leadership Styles Across Sectors. 8-10 a.m. March 6. United Way for South- [email protected]; website: www.ltu.edu. A Conversation With Mary Barra. 11:30 eastern Michigan, others. With David a.m.-1:30 p.m. March 14. Inforum. Brandon, athletic director, University With Mary Barra, senior vice presi- of Michigan. Lawrence Technological Detroit Economic Club. 11:30 a.m.-1:30 dent of global product development, University, Southfield. $25. Contact: p.m. March 6. With Fred Hochberg, General Motors Co. Detroit Marriott (248) 204-3095; email: nonprofitcen chairman and president, Export-Import Renaissance Center. $50 members, $65

How can people who never went to medical school save your life?

Behind the innovation, the renowned physicians and the leading-edge technology at Beaumont are people like Marilyn and Walter Wolpin. Community and business leaders who inspire us by their very commitment to us. By their energy and their generosity. By their desire to help people they’ll never meet. Over the past seven years, The Campaign for Beaumont Hospitals, chaired by Walter Wolpin and guided by a dedicated Campaign Executive Committee, raised $206 million. Each of them led by example. And as a result, more than 60,000 other people joined them in making gifts, too. The WALTER & MARILYN WOLPIN COMPREHENSIVE BREAST CARE CENTER Philanthropy is vital to everyone who lives here. Their gifts enable Beaumont to is helping us detect and treat breast cancer earlier and faster than ever before. continue to bring to Michigan the most advanced medical care in the world. And to fund lifesaving research in heart disease, cancer, Alzheimer’s, and other illnesses. Most of all, these people prove that it doesn’t take a medical degree to save a life. All it takes is a heart. CAMPAIGN EXECUTIVE COMMITTEE Eugene Applebaum Warren Elliot Rose Susan E. Cooper James I. Rosenthal Thomas Celani Hon. Deborah G. Tyner Graham A. Orley S. Evan Weiner

Find out how you can save lives, too. If you would like to make a gift, please go to our website at foundation.beaumont.edu or click on the code with your phone. A Not-for-Proﬁt Provider 20120227-NEWS--0020-NAT-CCI-CD_-- 2/24/2012 10:02 AM Page 1

Page 20 CRAIN’S DETROIT BUSINESS February 27, 2012

Crain’s Job Front Visit www.crainsdetroit.com/jobfront to search for jobs, post a résumé or find talent. Job Front PEOPLE FINANCE Smith to senior vice president and di- Bloomfield Hospital, West Bloomfield NONPROFITS rector of consumer and small-business Township, remaining director of the Beth Snider to director of annual giv- IN THE SPOTLIGHT Anna Biliti to first vice president, com- lending, from director of credit quality epilepsy monitoring unit. ing, Holocaust Memorial Center mercial banking, Flagstar Bank, Troy, and controls, Ally Financial Consumer Birmingham-based Tactical Zekelman Family Campus, Farming- from vice president and relationship Automotive Lending, Auburn Hills. Allocation Group, a registered INFORMATION TECHNOLOGY ton Hills, from director of develop- manager, commercial banking, PNC investment adviser with more than Deborah Dean to vice president of ment, Detroit Science Center. Also, Bank, Troy. Also, Timothy Kalil to se- $1.5 billion in assets under HEALTH CARE business solutions, Vision Information Rebecca Swindler to director of pro- management, has hired Gene nior vice president, commercial real Marianna Spanaki-Varelas to medical Technologies Inc., Detroit, from se- grams, remaining social media and Katz, 36, for estate, from vice president and team director of the Henry Ford Compre- nior vice president of strategic ac- webmaster, database manager and in- leader, commercial real estate, Fifth hensive Epilepsy Program, Henry Ford counts, Spherion Corp., Fort Laud- ternship coordinator, and interim di- the newly Third Bank, Southfield; and Lance Hospital, Detroit, and Henry Ford West erdale, Fla. rector of education. created position of chief development officer. Katz previously had been an investment banker at William Blair & Katz Co. in Chicago. He earned a bachelor’s degree in economics at Princeton University and an MBA from Kellogg School at Northwestern University.

REAL ESTATE Heather Opalewski to human resources administrator, Parks Title Co., Royal Oak, from human resources coordinator, Potestivo & Associates PC, Rochester Hills. SERVICES Jeff Kennedy to senior account manager, Metcom Inc., St. Clair Shores, from owner, Matrix Printing Systems, Shel- by Township.

JOB CALENDAR Providing working capital ESD hosts job fair The Engineering Society of Detroit is hosting its Spring Engineering to help GHAFARI reshape skylines and Technology Job Fair from 2-7 p.m. March 12 at Suburban Collec- tion Showplace, 46100 Grand River from the Midwest to the Middle East. Ave. in Novi. The fair will feature more than TM 40 of Michigan’s largest engineer- Opportunity at every step. ing, technology and management corporations seeking résumés in the following engineering and technology-related areas: archi- A comprehensive export financing solution helped GHAFARI Associates grow in key expanding markets. As a tect, chemical, civil, computer, design, energy, electrical, biomed- leading architecture and engineering organization, GHAFARI operates worldwide. To help them, we coordinated ical, cyber security environmental, aerospace, trans- a full breadth of global credit, trade services and foreign exchange solutions. Structuring a groundbreaking portation, biofuels, manufactur- Export-Import Bank solution to expand working capital availability and reduce risks helped them continue ing, mechanical, programming and technical. to build their business from Detroit to Abu Dhabi. Admission is free for ESD members, $15 for nonmembers or $10 if registered before March 2. Registra- tion includes a one-year member- Call 1.313.221.9394 or visit bankofamerica.com/businesssolutions ship to ESD — a $99 value. Atten- dees are encouraged to enter their résumés into the ESD job bank at jobs.esd.org. To register online, go to ww2.esd.org/home.htm and click on the event. Other area job fairs: Ⅲ Diversity job fair, 10 a.m.-2 p.m. Wednesday at the Embassy Suites in Livonia, 19525 Victor The Marvin I. Danto Engineering Development Center, designed by Ghafari, is located on Wayne State University’s campus in Midtown Detroit. Parkway, Free. More information “ Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are performed at www.diversityjobfairs.com. globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp., all of Ⅲ Detroit career fair, 10 a.m.- 2 which are registered broker-dealers and members of FINRA and SIPC, and, in other jurisdictions, by locally registered entities. Investment products offered by Investment Banking Affi liates: Are Not FDIC Insured y May Lose p.m. March 7 at the Holiday Inn Value y Are Not Bank Guaranteed. ©2012 Bank of America Corporation ARM1N4G5 Southgate, 17201 Northline Road, Southgate. Free. More information at www.nationalcareerfairs.com. 20120227-NEWS--0021-NAT-CCI-CD_-- 2/24/2012 6:01 PM Page 1

February 27, 2012 CRAIN’S DETROIT BUSINESS Page 21 Report: Retool policy to push MARKET PLACE state ahead in new economy OFFICE FURNITURE TELECOMMUNICATIONS DELIVERY SERVICES Files $39, Laterals $79, Exec Chairs $29 RESURGENCE ENTERPRISES Local Trucking/Warehousing Desks $49, Cubicles $299, Partitians $19 WE BUY USED TELEPHONE EQUIPMENT 1 Pallet - Truck Loads Hon, Steelcase, Herman Miller, New/Used PICK UP ON SITE - PROMPT PAYMENT BY NANCY KAFFER The report offers a slate of poli- “Where You Get Your Buck$ Worth” Same Day - Next Day Delivery Available (248) 548-6404 248-225-3957/[email protected] Canadian Consolidations CRAIN’S DETROIT BUSINESS cies that the authors say will accel- Storage Trailers erate metropolitan growth. BIDS WANTED Trailer Parking Innovation and manufacturing www.mrtransportation.com The 21st Century Jobs Fund must be [email protected] are inextricably linked. That reoriented to include manufactur- PROPOSALS WANTED 734-946-7031 means Michigan metropolitan ar- ing and innovation, the report said. The Huron-Clinton Metroparks is soliciting proposals from experienced and qualified firms to provide eas are ahead of the game when it The state must also create a foreign Concessions/Vending and Catering at Lake St. Clair Metropark. Call Us For Personalized comes to revitalization and growth direct investment strategy and help The contract period is January 1, 2013 through December 31, 2017. Service: (313) 446-6068 in the new economy. small manufacturers and service A copy of the complete RFQ/RFP document may be obtained by subscribing to www.MITN.info, whereby notification of any addendums may be received. Copies may also be obtained from the Purchasing FAX: (313) 446-1757 But some key policy changes are businesses increase exports. Department, 13000 High Ridge Drive, Brighton, Michigan 48114, and (810) 227-2757. The Purchasing E-MAIL: [email protected] necessary to push growth in inno- The state must also gain flexibil- Department is not responsible for forwarding addendums to prospective bidders. It shall be the Bidder’s vation and manufacturing. responsibility to make inquiry as to changes or addenda issued. INTERNET: ity from the federal government to www.crainsdetroit.com/section/classifieds Those were the findings of a new use existing workforce dollars to All bidders must attend a mandatory pre-bid meeting on Tuesday, March 6, 2012 at 10 a.m. at 31300 Metro Parkway, Harrison Twp, which will include a facility tour of all food/resale See report released last week, commis- attract and retain workers by facilities and sites being bid under this proposal to insure a complete familiarity and determine the Crainsdetroit.com/Section/Classifieds sioned by Business Leaders for aligning workforce development conditions to be encountered plus any factors affecting the operation. Questions can be directed to the Food Service Administrator, Janice Schlitters at 810-494-6038. Failure to attend the mandatory for more classified advertisements Michigan, conducted by Lansing- to existing industries, and help meeting and site visit will be considered an incomplete bid. based Public Sector Consultants and highly educated immigrants gain the Washington, D.C.-based Brook- certifications necessary for skilled ings Institution. or high-tech jobs. The connection between innova- Direct investment in urban and tion and manufacturing is often metro “industry clusters” is also a REAL ESTATE unsung, said Bruce Katz, vice pres- piece of the policy plan, with a rec- ident and director of Brookings’ ommendation for a grants program COMMERCIAL PROPERTIES PROPERTY MANAGEMENT INDUSTRIAL PROPERTY Metropolitan Policy Program. that would support certain clusters. Michigan metropolitan areas, The report also suggests that the Washington Township AVAILABLE NOW Katz said, can excel through a state create one to three “urban in- strategy that hinges on promoting novation districts” that would con- South of Village of Romeo Taylor/Romulus Area — 4,000 to 80,000 sq. ft. the right assets, the right geogra- nect anchor institutions with in- 300’ of Prime Van Dyke frontage Ideal for logistics company, Professional Multi-Family Management phy and the right strategies. frastructure, housing and 2.3 acres. Zoned LC. manufacturing or warehousing. Michigan’s assets are concen- for over 45 years. amenities, with financial support Ideal for office, bank, MOB, Yvon Rea 734-946-8730 trated in its metro areas, the heav- WE SPECIALIZE IN from a 21st Century Places Fund. restaurant, fast-food. ily footnoted report found, along Metropolitan areas also must • Increasing Occupancy • with its educated workers, the ma- Survey, Topo, Phase I Environmental. have the funds and ability to cre- WE MANAGE YOUR ASSET TO Call Us For Personalized jority of its jobs and 86 percent of ate safe, secure, functional envi- City Water, Exc. Perc. ACHIEVE GREATER CASH FLOW. the state GDP. ronments — but those are basic re- Drastically Reduced! Our Model Works. Service: (313) 446-6068 Manufacturing innovation will quirements, not the tools that will $399,000 CALL JEFFREY KAFTAN AT 248-352-3800 be crucial to the new economy, and encourage growth. CLOSING TIMES: Monday 3 p.m., (810) 533-1095 one week prior to publication date. Michigan’s metropolitan areas are Nancy Kaffer: (313) 446-0412, www.KaftanCommunities.com Please call us for holiday closing times. centers of manufacturing, the re- [email protected]. Twitter: port said. @nancykaffer FAX: (313) 446-1757 INDUSTRIAL PROPERTY E-MAIL: [email protected] INTERNET: 14200 ft2 – industrial 15 ton crane building www.crainsdetroit.com/section/classifieds CallCall (North Madison Heights) Confidential Reply Boxes Available 14,200 square foot building with 15 ton overhead Merger hitches two Detroit PAYMENT: All classified ads must be y crane. 2000 amps of 480 service with step y prepaid. Checks, money order or odaoda down transformers. Buss duct and air lines Crain’s credit approval accepted. tt throughout the shop area. Tube type infra red Credit cards accepted. welcome wagons into D:Hive heat. 12,000 feet of shop and 2200 feet of office. See for a custom advertising 12 ft. x 14 ft. grade door and truck well. Available Crainsdetroit.com/Section/Classifieds immediately. Private owner. Brokers protected. Y ANCY AFFER but little coordination. program • 313.446.6068 for more classified advertisements B N K 248-588-7796 CRAIN’S DETROIT BUSINESS “It’s not really accessible to people who just walk into the city,” Six-year-old nonprofit Inside De- Pierce said. troit, the brainchild of Detroiter Inside Detroit, a 501(c)(3), will Jennette Pierce, offers tours and dissolve as a nonprofit, and its as- information to visitors, new resi- sets will be transferred to the DDP, JOB FRONT dents and busi- also a 501(c)(3). Inside Detroit re- nesses. ported $185,858 in revenue and GENERAL POSITIONS AVAILABLE Brand new $181,466 in expenses in 2010, end- D:Hive is a Down- ing the year with net assets or fund STARR DETROIT ACADEMY is seeking high-capacity, data-driven team members town Detroit Part- balance of $21,452. The DDP had for the following positions: Director of Curriculum & nership program about $7 million in revenue in Instruction, Director of Student Supports, Lead launched by 2010, according to IRS filings, end- Teachers (K-2 and 3-5) and SPED Teachers. Apply Georgia native ing the year with net assets or a at: www.starrdetroitacademy.org/careers. For OPEN POSITIONS ARE Josh McManus. fund balance of about $2.2 million. more information email [email protected] Today, the McManus will leave the program or contact us at (313) 638-2730 two combine un- Pierce in April. Jeff Aronoff, a principal at REAL ESTATE der the D:Hive Miller Canfield Paddock and Stone name, providing Inside Detroit’s PLC, will serve as director after- EXPERIENCED BROKER NEEDED programs while adding new offer- ward. Pierce is assistant director. Transwestern is a national, privately-held FREE TO POST ings. Pierce said the merger was a The renamed D:Hive Welcome operating company specializing in commercial real natural move for both groups, Center will offer job boards and estate services, investment and development. The Detroit office is seeking an experienced broker which occupy the same space at residential real estate information with a proven track record of success and the Inside Detroit Welcome Center. and eventually expand into com- excellence in the Detroit metropolitan and McManus is the person behind mercial real estate services. suburban markets. Responsibilities include sales Create Here, an arts, economic and It also will offer classes and peer and leasing of the company’s Detroit portfolio. All inquiries will be held in confidence. Please email cultural development project in problem-solving roundtables. resumes to [email protected] Chattanooga, Tenn., credited with “We will expand to a much helping to revitalize part of the city, broader continuum of services for and attracting and retaining talent. people who are living, working The Hudson-Webber Foundation and engaging in Detroit,” Mc- brought McManus to Detroit to Manus said. “Not just getting peo- take a crack at the same goal. ple interested, but following |JOB FRONT After meeting with more than through on the transaction.” Call or email today for information 300 people, McManus determined Nancy Kaffer: (313) 446-0412, on a custom advertising plan! crainsdetroit.com/jobfront that Detroit had great residents, [email protected]. Twitter: [email protected] organizations and opportunities, @nancykaffer 313.446.6068 20120227-NEWS--0022-NAT-CCI-CD_-- 2/24/2012 6:31 PM Page 1

Page 22 CRAIN’S DETROIT BUSINESS February 27, 2012 Ford Fund helps 4 colleges aid nonprofits while giving students career experience

BY SHERRI WELCH in accounting or supply chain lo- “The difference between this and CRAIN’S DETROIT BUSINESS gistics (or) marketing,” Schmidt other internships is this is more said. project-driven,” Harb said, with de- The Ford Motor Co. Fund is sup- Through the new program, “the sired outcomes from those projects. porting a program with four col- students get a wonderful opportuni- One student developed a five-year leges and universities to aid local ty to work in their field … and the strategic plan for the Detroit-based nonprofits while providing career nonprofit gets real value because Society of St. Vincent de Paul’s new experience to students. these students are very talented.” dental clinic. Another worked with The foundation launched a pilot The program is working with Vista Maria in Dearborn Heights to of the Ford Community Corps pro- the 100 local nonprofits that are identify the best software and bar- gram last spring at Wayne State Uni- grantees of the Ford Fund. code reading equipment to use to in- versity and has since expanded it to Once it has metrics in place to ventory equipment, furniture and the University of Detroit Mercy, Uni- measure the success of the student other assets. versity of Michigan-Dearborn and, be- programs, the fund plans to ex- Vista Maria’s intern “provided ginning this year, Madonna Univer- pand the program across the U.S., resources that we would not have sity in Livonia. Schmidt said. been able to afford if we had to con- The fund, which made $19.9 mil- “We are going to be supporting tract out the work,” Vista Maria lion in grants last year, put this for the foreseeable future,” he CFO Patrick Zurlinden wrote in an $200,000 behind the program in said. “We think this is going to be emailed statement. 2011 and plans to make additional one of our major, signature initia- The approach UM-Dearborn is investments of an undisclosed tives.” taking “is looking more broadly … amount this year, said Mike The fund’s other major initia- for common needs among those Schmidt, director for education tives are education, driver safety nonprofits and how university stu- and community development at and community-focused programs dents, faculty and maybe even the Ford Fund. addressing needs such as hunger. space could assist those organiza- While WSU and UDM are assign- At WSU, five students have tions,” said Tim Davis, director of ing students to fill the needs of non- filled internships tied to the pro- iLabs at the UM-Dearborn’s Center profits on a case-by-case basis, UM- gram for the past three terms. for Innovation Research. Dearborn has been studying the They work 160 hours during the se- UM-Dearborn began its research financial, operational and other is- mester with a nonprofit and get a last summer, but the need for as- sues facing nonprofits with a $2,000 scholarship to the universi- sistance with capacity building at $100,000 grant. The university plans ty after — and, if they need it, cred- all levels of a nonprofit’s operation to use its students to help develop it for the internship as well, said already has come across loud and new operating models for nonprof- Farah Harb, internship coordina- clear, Davis said. its by building the program into its tor in the Career Planning and Place- Sherri Welch: (313) 446-1694, service learning curriculum. ment Office at Wayne State’s School [email protected]. Twitter: “Maybe a nonprofit needs help of Business Administration. @sherriwelch

Boards: Business leaders line up ■ From Page 3 “The University of Michigan is an federal judge of the U.S. District tested. Jeff Sakwa, R-West Bloom- enormous enterprise, and to have Court for the Eastern District of Michi- field Township, president and a board that does not have people gan, appointed by President Jim- CEO of Farmington Hills-based No- with business skills and back- my Carter in 1979. ble Realty Inc., is seeking a nomina- and ground, like I do, leaves a void.” Taylor is also currently acting tion as well. Weiser also opposes the board’s as treasurer for Diggs’ campaign. Democrat Brian Mosallam, fi- recent decision not to block an ef- nancial manager for Troy-based fort to organize research assis- AXA Advisors LLC and former MSU tants at the university. MSU incumbents want to stay football player, will contest Fergu- SURVEY In May, the board voted 6-2 to al- At MSU, two incumbents will son. low research assistants to union- seek re-election in November: the ize, over the objections of Presi- board of trustees chairman, Democ- dent Mary Sue Coleman. rat Joel Ferguson; and the vice WSU: No candidates yet Looking at Current “I think that was a blatantly po- chairwoman, Melanie Foster, a Re- At WSU, two seats will be avail- litical move,” he said. “It’s inap- publican. able because board of governors propriate to bring politics into Ferguson, president of Lansing- Chairwoman Tina Abbott and An- Business Issues how the university operates.” based Ferguson Development LLC, netta Miller don’t plan to seek re- However, a bill banning union- was first elected to the MSU board election. Both are Democrats. ization of the research assistants in 1986 and was elected chairman No candidates have surfaced to passed the state Senate last week. in 2006, 2008 and 2010. vie for the seats before the March Bernstein said he wants the Ferguson said his platform is to 10 endorsement convention. board to play a more central role maintain the universities’ direc- Mark Bernstein’s brother, in decision-making at the univer- tion. Richard Bernstein, served on the sity — especially on the issue of af- “I’ve been chairman for the last WSU board for one eight-year fordability. six years, and I think we’re running term, including two as chair, until “It’s an extraordinary, complex in the right direction,” he said. deciding not to seek re-election in institution, and we need to concen- Foster, a real estate investor, is 2010. He ran for the state’s attor- trate on affordability and accessi- focused on maintaining the level of bility,” he said. “I’m here to fight in-state students at MSU. ney general post — which he lost for that path to the extraordinary “There’s a temptation by a lot of after failing to get the Democratic education that will help transform universities to seek students out of Party’s endorsement. this state.” state because the tuition is almost Miller said she’d run for the seat A win for Diggs would keep the double,” she said. “Fundamental- if no other candidates emerge. board seat in the family, as she ly, as a land grant university, we “They are eight-year terms and I could potentially replace her step- have an obligation to help the citi- turned 90 this year, but if they Highlights of the survey can be found in father-in-law Taylor. zens of this state, and we need to needed me, I’d run, or walk, but I this issue and the full survey can be found at Taylor is the stepfather to her remain true to that.” don’t plan on it,” she said. husband, Douglass Diggs, former She has served on the board Board members at the state’s honigman.com or crainsdetroit.com director of the Detroit Planning and since 2004, and separately from other public universities are ap- Development Department, appointed 1991 to 1992. She served on Central pointed, not elected. This is the 20th in a jointly-sponsored series on critical issues. by former Mayor Kwame Kil- Michigan University’s board from Dustin Walsh: (313) 446-6042, patrick. Diggs’ mother-in-law, 1997 to 2004. [email protected]. Twitter: Anna Diggs-Taylor, is a former But Foster will not run uncon- @dustinpwalsh 20120227-NEWS--0023-NAT-CCI-CD_-- 2/24/2012 6:32 PM Page 1

February 27, 2012 CRAIN’S DETROIT BUSINESS Page 23 Firm opens $350M fund for biomass plants, plans metro Detroit office

BY TOM HENDERSON northern Michigan in a few years. es, in about three months. He ex- CRAIN’S DETROIT BUSINESS Weisz said Michigan makes pects a quick fundraising from sense because of a plentiful variety previous institutional investors. New Canaan Capital Management of feedstock, including such farm This is the firm’s first limited LLC, a private equity company in waste as corn stalks and large partnership fund. The company Connecticut, will start raising a tracts of pine and hardwood plans to raise two more funds in $350 million fund today to invest in forests. He said each plant could the next five years, with a total of biomass waste-to-energy plants have outside investors who aren’t $2 billion under management. and will open an office in South- part of the limited partnership. Weisz hopes to choose the site east Michigan to run its opera- Weisz said his company would for the first Michigan plant with- tions in the Midwest and Canada. pursue 25-year leases for state in six months and, if it is built Jeffrey Weisz, a senior manag- forests, replanting as it harvests, from scratch, to have it up and ing director, has and would also buy tracts of forest. running in about three and a half begun talks with He said the amount of feedstock years. Martin Dober, a in Detroit from abandoned or fall- Patti Glaza, a principal in the senior vice pres- en-down houses might make a Birmingham office of Arsenal Ven- ident at the plant feasible here. He said he ture Partners, a Florida-based firm Michigan Eco- would see if Detroit Renewable Pow- that invests in energy, said the bio- nomic Develop- er LLC, which owns the waste-to-en- mass-to-energy market is growing. ment Corp., ergy plant on Detroit’s east side, is “It’s a sector with a lot of oppor- about retro- interested in an equity partner to tunities, but it’s very complex. ... fitting a vacant fund upgrades or expansions. You always have to worry about plant in Gaylord Weisz Weisz said he has looked at the long-term availability of feed- and would like space on Maple Road in Birming- stock,” she said. to have at least four 30 megawatt- ham and also is considering Troy Tom Henderson: (313) 446-0337, 60 megawatt waste-to-energy pow- for a two-person office he hopes to [email protected]. Twitter: er plants running in central and open about the time the fund clos- @tomhenderson2 Adell family agrees MOCAD: Work planned to $3.25M settlement ■ From Page 3 A preliminary timeline calls for (meet) code so we could open, but BY CHAD HALCOM renovation to begin in 2013. it has some problems we have to CRAIN’S DETROIT BUSINESS As reported by Crain’s in No- address like the heating and air Kevin Adell, president of vember, a $100,000 Space for conditioning,” Miro said. Clinton Township-based Adell Change grant awarded to MOCAD “It’s so hot, you can’t really be Broadcasting Corp., will pay $3.25 just over a year ago from New there in August, and the (system) million to resolve a legal dis- York-based Leveraging Investments just heats small spaces, not the pute with his sisters and dis- in Creativity and the Ford Foundation whole building.” solve a family trust, making is funding the planning for the ren- Subsequent projects inside the him majority shareholder of the ovations. museum could include new office media company. In mid-September, the project space, relocation of the café and Attorneys last week reached also garnered a $350,000 grant from bookstore, reconfiguration of the a resolution to dismiss an Oak- ArtPlace, a collaboration of 11 pri- galleries and new entry points to land County Probate Court vate foundations, the National En- the museum, Miro said. case, where Adell was suspend- dowment for the Arts and seven fed- MOCAD is talking with the pro- ed in 2008 as trustee of his late eral agencies. The grant was one of ject architects and local stakehold- father’s Franklin Z. Adell trust. three made locally and 34 national- ers to address both the museum’s That was after a dispute with ly to groups that had developed needs and those of the surround- sisters Laurie Fischgrund and promising models to integrate ing community. It hopes to com- Julie Verona. artists and arts organizations into plete the planning by late June. Under a recent settlement local transportation, housing, “These projects are all collabo- agreement, the Adell siblings community development and job rative and cumulative,” Miro said. have agreed to dissolve the creation efforts. “If we have a great space that con- trust, pay the sisters a combined Wayne State University’s Tech- nects to the Midtown Loop, it just $3.25 million and transfer all its Town also grabbed an ArtPlace makes the whole (area) better.” remaining assets to Kevin Adell, grant of $80,000 and Midtown De- Plans for the new green space said Michael Schwartz, general troit Inc. a grant of $900,000. around the museum fit well with counsel of Adell Broadcasting Miro said the Miami-based John the Sugar Hill Arts District and partner at Southfield-based S. and James L. Knight Foundation planned by Midtown Detroit, said Schwartz & Oltarz-Schwartz PC. and the Troy-based Kresge Founda- Mosey, who is serving on MO- Adell Broadcasting operates tion were instrumental in helping CAD’s architecture committee for WADL TV-38 in Clinton Town- MOCAD land the ArtPlace grant. the renovation project and con- ship and The Word Network, the And Midtown Detroit Inc. Presi- sulting with the museum on the Southfield-based urban reli- dent Sue Mosey traveled to New outdoor elements of the plan. gious programming network of York with former director Cro- The outdoor art space that MO- which Kevin Adell is president quer to help both organizations CAD envisions complements the and CEO. The trust owns more bring the Space for Change fund- overall plan for the Sugar Hill dis- than 80 percent of Adell Broad- ing to Midtown. trict, which runs from Forest Av- casting and owns Birmingham “We have no intention of turn- enue to Canfield Street and Wood- Properties, a real estate company ing this into a big fancy white box ward to John R Street, Mosey said. that owns the WADL and Word with fancy architecture,” Miro “I really think the area is way Network office and studio prop- said. short of public green space. … erties. “The historic character of the Many have expressed that they In 2010, a court-appointed spe- building is very important to us. … would like to see more public, in- cial fiduciary found that Adell We’ll (be) working within the his- teresting green space,” she said. breached his fiduciary duties to tory of the building and advancing “I think this gives us a great op- the trust, which was valued at that into contemporary thought.” portunity because it’s right off $24.6 million in 2006 but which MOCAD, which opened five Woodward, and it’s attached to a Schwartz said is now worth years ago in the 22,000-square-foot very thriving, vital Midtown mu- more than $50 million. former dealership, plans to begin seum.” The settlement also resolves interior renovations with climate Sherri Welch: (313) 446-1694, separate cases in Macomb and control updates. [email protected]. Twitter: Oakland courts. “The building was renovated to @sherriwelch 20120227-NEWS--0024-NAT-CCI-CD_-- 2/24/2012 6:02 PM Page 1

Page 24 CRAIN’S DETROIT BUSINESS February 27, 2012 Survey: End property tax, replace funds; build NITC bridge ■ From Page 1 factors companies consider when of autism, with 17 percent opposed. making location decisions. The Legislature has been consid- “Probably the unions’ most per- Biz owners, execs favor Romney by wide margin ering such legislation, which is fa- suasive argument is that vored by Snyder and some busi- nonunion workers get the same Statewide polls show Mitt Rom- identified themselves as Democ- litical figures: Mitt Romney,46 ness leaders, notably Dave Meador, benefits as union workers without ney and Rick Santorum in a tight rats and 20 percent as indepen- percent favorable, 34 percent un- CFO of Detroit-based DTE Energy having to pay the freight,” said race for Michigan’s presidential dents. The remainder identified favorable; President Barack Oba- Co., and Steve D’Arcy, retired glob- Cameron Evans, a partner with nomination nod. themselves as “other,” undecided ma, 45 percent, 49 percent; Rick al automotive sector and advisory Honigman who specializes in la- Romney did a lot better in the or refused to answer. Santorum, 41 percent, 33 percent; leader at PricewaterhouseCoopers. bor and employment law. Crain’s/Honig- The likely voters also at this Stabenow, 37 percent, 45 percent; One alternative to a mandate be- “There’s some common sense to man poll con- point favor Pete Hoekstra as the Ron Paul, 34 percent, 42 percent; ing considered is offering a tax what unions have to say,” he said. ducted in mid- Republican challenger to U.S. Pete Hoekstra, 29 percent, 27 per- credit to insurers who offer the “Implicit in that is that then there February, with Sen. Debbie Stabenow in Novem- cent; Newt Gingrich, 24 percent, 61 coverage. is going to be dissension on the 40 percent of ber, although “undecided” was fa- percent. shop floor.” likely Republi- vored the most. 38 percent said Obama has On the other hand, studies in can primary Hoekstra was the choice of done an excellent or pretty good Personal property tax right-to-work states have found voters favoring 35 percent, with the next closest job as president, 25 percent rated Those polled generally favor that only 4 percent to 7 percent of him compared candidate Clark Durant with his performance as fair, and eliminating the personal property workers are “free riders” who opt to 18 percent 12 percent. Half were undecided 35 percent as poor. tax on industrial and commercial out of joining a unionized work- for Santorum. or refused to answer. 71 percent gave Snyder excel- machinery and equipment, but an Romney force, Evans said. Ron Paul was The Senate primary is in Au- lent/pretty good marks, with equal number want replaced all or “The impact is not as much as supported by 9 percent and Newt gust. 18 percent grading his performance most of the revenue municipalities what unions say,” he said. Gingrich by 4 percent. Other political opinions from as fair and 8 percent as poor. and schools would lose. A right-to-work law could also Forty-eight percent of the 300 the entire pool of those surveyed If the general election were Snyder has proposed changing make unions more responsive to businesspeople surveyed said — not just likely voters: held today, Obama would lose the personal property tax system, members’ needs because they they were likely to vote in Tues- 74 percent have a favorable among those polled in a matchup saying it’s holding back job would want to keep dues payers day’s primary. That tallies closely opinion of Gov. Rick Snyder, with with Mitt Romney, 51 percent to growth. Eliminating the personal satisfied, Evans said. with the 47 percent of the total only 14 percent unfavorable, 41 percent. Hoekstra would defeat property tax — which generates “It really makes the union part who identified themselves as Re- leading all others by a consider- Stabenow 45 percent to 42 per- about $1.27 billion a year statewide of the marketplace, because now publicans. Twenty-eight percent able margin. Other ratings of po- cent. for cities, villages, townships and it’s really accountable to the mem- school districts — was strongly or bers,” he said. contract, but earlier this month it of those surveyed. lot more later” when roads deterio- somewhat favored by 55 percent of reversed its stance and said it will “I’ve always been curious why rate, Reb said. respondents. complete the work, known as the rapid transit can be effective in School districts and local gov- Support up for NITC Ambassador Gateway Project, to other states … but in Michigan we ernmental units say the tax’s elim- Those polled also solidly sup- the standards of the Michigan De- never embrace it,” said Mark Cur- Health care ination would result in major cuts port Snyder’s proposal for the pub- partment of Transportation. ran, an account manager in ADT Se- The Affordable Care Act’s “indi- in programs and services, an argu- licly owned New International Trade Joe Sowerby, a partner in Anton, curity Services Inc.’s Madison vidual mandate” will require ment that seemed to resonate with Crossing that would originate in Sowerby & Associates, a Mt. Heights office. everyone who does not have health those surveyed. Fifty-six percent southwest Detroit. Clemens commercial real estate Support for the plan dropped to insurance in 2014 to either pur- said all or most of the revenue Sixty percent of survey respon- firm, said he supports Snyder’s 47 percent when it was explained chase coverage or pay an annual should be replaced, while 10 per- dents favor the plan, while 28 per- plan largely because of the faith he that funding the service would re- penalty. That measure was op- cent said none of it should be. cent oppose it. The Detroit Interna- has in the governor. Snyder, how- quire property tax or vehicle regis- posed by 56 percent of those sur- Georgella Muirhead, president tional Bridge Co., owner of the ever, has yet to persuade the Legis- tration increases, or both. veyed and favored by 34 percent. of the Berg Muirhead and Associates Ambassador Bridge, plans to build lature to approve the new span, Curran said he’s willing to pay Another part of the act, an ex- public relations firm in Detroit, a second span next to its existing which would be funded by the more to support a system “if the change that will help those with- said she worries about possible re- bridge, and contends that the pub- Canadian government. Bridge crit- right people get the money.” He out insurance shop for a plan, was ductions in police and fire protec- licly owned project is unneces- ics, led by the Moroun family, said he hopes whatever entity favored by 48 percent of respon- tion. sary. maintain that the project could would be in charge of the system dents and opposed by 44 percent. “As a business owner, the per- The support is up considerably still put Michigan at financial risk. would operate it efficiently and After seeing his health insurance sonal security of myself and my from November, when a “I have a lot of confidence in cost-effectively. costs double in the past five years, employees is essential,” she said. Crain’s/Honigman poll showed 46 Gov. Snyder’s judgment,” Sowerby But Reb said he’s doubtful the Sowerby said he is withholding While Muirhead said she ap- percent supporting the publicly said. “Given Snyder’s financial three counties the system would judgment on the federal program. plauds attempts to foster business owned bridge and 44 percent op- background, I find it hard to be- serve — Wayne, Oakland and Ma- “I don’t see how the program development through tax reform, posing it. lieve the country of Canada is go- comb — will be able to agree on a could be any worse,” he said. “Be- “you have to look carefully at what In the interim, bridge company ing to pull the wool over his eyes funding formula. fore everybody bashes it, give it a it’s doing on the other side.” Inade- Chairman Manuel Moroun was in regards to the cost of a new However, Reb said he is hopeful chance to see if it works. I think quately funded schools and local found in contempt of court and bridge.” that Snyder’s plan to fund road the plan that was in place clearly governments can lower a region’s briefly jailed for failure to connect and bridge work statewide by rais- wasn’t working. What we have quality of life and make it harder the bridge to Detroit-area inter- ing the gasoline tax by 9 cents per been doing is just watching the to attract employees, she said. states and relieve truck congestion Rapid transit gallon and increasing vehicle reg- costs go up and up.” “I don’t care for (the tax) as a busi- on residential streets according to Another Snyder-backed trans- istration fees by an average of In another health care-related ness owner,” she said. “At the same state standards. portation initiative — a rapid bus about $60 per vehicle will find suc- question, 74 percent supported re- time, I try to balance being a busi- The company had contended it transit system serving metro De- cess. quiring insurance companies to ness owner with being a responsible was in compliance with the state troit — is supported by 58 percent “We either pay now or we pay a cover the diagnosis and treatment member of the community.” Ally: Lending competitors take aim at GM, Chrysler business ■ From Page 3 As lenders compete with lower lenders, has saved Group 1 “over banks’ auto lending units — Chase the Raleigh, N.C., office of the San ued to grow, to $24.9 billion at the rates, dealers are shopping $20 million in flooring expense Auto Finance and Wells Fargo Dealer Francisco bank. “We are looking end of 2011 from $24.1 billion a year around. At the Automotive News comparing 2011 to 2007,” he said. Services — said they expect to add to grow it” in 2012, he said. earlier. But that growth has largely World Congress in January, Hous- Ally already has lost some of its market share in dealer wholesale Ally says it is confident it can come from dealers with franchises ton-based Group 1 Automotive Inc. share to GM and Chrysler dealers in accounts in 2012. Neither bank sin- compete. other than GM or Chrysler brands. CEO Earl Hesterberg said that the U.S. For example, its share of gled out Ally Financial by name. “Our success is driven by strong Some GM dealers said they plan over the past two years the dealer- Chrysler dealers slid to 63 percent in “There has been a lot of growth dealer relationships and more than to stick with Ally. ship group’s lending syndicate had the fourth quarter from 72 percent a on the commercial side, probably 90 years of industry experience in “In the last three years, you offered floor plan interest rates as year earlier. Ally has 81 percent of the most I’ve seen in the five years serving dealer needs. We compete have really found out who your low as “about 1.15 percent,” while the floor plan lending for GM. I’ve been in this job. The market is in the marketplace every day with friends are,” said Chris Haydocy, the rate offered by captive finance By comparison, Ford Motor Credit very open to change,” said Marc banks and other finance compa- owner of Haydocy Buick-GMC in companies during that time was 4 Co. said it had an 80 percent share Sheinbaum, CEO of Chase Auto Fi- nies, and Ally is still a leader in the Columbus, Ohio. “A dealer would percent to 5 percent. of Ford Motor Co.’s U.S. dealer nance. “We like our chances.” industry,” said Ally spokeswoman really have to have an upside, “Would our shareholders really wholesale business in the fourth Wells Fargo Dealer Services saw Sue Mallino. “We have demon- some concrete benefits, to switch want us to finance our inventory at quarter, down slightly from 81 per- its commercial lending business strated that Ally is committed to to someone that they don’t have a an interest rate three times high- cent a year earlier. with dealers decline when busi- the auto industry for the long haul, record of business with — some- er” than necessary, he said. The In separate interviews at the Na- ness fell in 2008 and 2009, but it’s through diverse market cycles.” body you don’t know what they’re overall drop in interest rates, plus tional Automobile Dealers Association starting to come back, said Jerry Ally also notes that its total floor like when it’s ‘live fire’ out there.” the benefits of tapping lower-rate convention in Las Vegas, two big Bowen, executive vice president in plan loans outstanding have contin- From Automotive News 20120227-NEWS--0025-NAT-CCI-CD_-- 2/24/2012 6:02 PM Page 1

February 27, 2012 CRAIN’S DETROIT BUSINESS Page 25 Talmer: Bank gets backers for plan to expand www.crainsdetroit.com ■ EDITOR-IN-CHIEF Keith E. Crain From Page 1 PUBLISHER Mary Kramer, (313) 446-0399 or [email protected] ing assets. he said. EXECUTIVE EDITOR Cindy Goodaker, (313) 446- Included in the current When Talmer began its growth 0460 or [email protected] MANAGING EDITOR Jennette Smith, (313) 446- fundraising is New York financier The industry is going through a spurt, it was called First Michigan 1622 or [email protected] Ross, whose firm of W.L. Ross & Co. “ Bank, but the name was changed DEPUTY MANAGING EDITOR Daniel Duggan, (313) LLC committed just under 25 per- consolidation phase. … There are still too 446-0414 or [email protected] last year to more readily accom- SENIOR EDITOR Bob Allen, (313) 446-0344 or cent of the round. Ross also invest- modate the bank’s expansion plans [email protected] ed nearly 25 percent in the previ- many banks around the country. into other states. Talmer is a com- WEST MICHIGAN EDITOR Matt Gryczan, (616) 916- ” 8158 or [email protected] ous fundraising of $200 million. bination of the first name of COPY DESK CHIEF Gary Piatek, (313) 446-0357 or Provost said investors in that David Provost, Talmer Bank and Trust Provost’s grandfather, Talmage, [email protected] ASSISTANT NEWS EDITOR Jeff Johnston, (313) first round had a preemptive right and the first name of bank co- 446-1608 or [email protected] to participate in subsequent headquarters on Big Beaver Road. the bad or questionable loans are off founder Gary Torgow’s grandfa- DATA EDITOR Brianna Reilly, (313) 446-0418, fundraisings and chose to do so He said he will look both to ac- the books, and assets and liabilities [email protected] ther, Merzon. WEB DEVELOPER Steve Williams, (313) 446- this time, based in part on past quire banks that have overlapping are more transparent, making it Torgow is chairman of the 6059, [email protected] performance. “We generated markets with Talmer, which will easier for would-be acquirers to ar- bank’s holding company, Talmer WEB EDITOR Gary Anglebrandt, (313) 446-1621, $78 million in after-tax profits the allow him to retain their assets rive at what they think is a fair [email protected] Bancorp Inc. EDITORIAL SUPPORT Robertta Reiff (313) 446- last two years,” he said. and business while being able to price. The day First Michigan closed 0419, YahNica Crawford, (313) 446-0329 Thus far, Talmer’s growth has shut down some branches and re- Terry McEvoy, an analyst with NEWSROOM (313) 446-0329, FAX (313) 446- on the first round of $200 million, it 1687 TIP LINE (313) 446-6766 been through the acquisition at a duce costs, and to look to new mar- New York-based Oppenheimer & Co. announced it bought $1.1 billion in REPORTERS discount of assets of troubled kets in the Midwest, including In- Inc. who covers regional and com- assets and the 22 branches of Citi- Daniel Duggan, deputy managing editor: Covers banks shut down by state and fed- diana and Ohio. munity banks, agreed with Farr real estate. (313) 446-0414 or [email protected] zens First Bank in Port Huron, eral regulators. Provost said the Rob Farr, the president and that banks will have an easier time Jay Greene, senior reporter: Covers health care, which was shut down by federal insurance and the environment. (313) 446-0325 or next round of growth will also look CEO of the Bank of Birmingham, growing through traditional ac- [email protected] for banks being shut down by the said Talmer’s strategy is the right quisitions. and state regulators during a spate Chad Halcom: Covers law, non-automotive of Michigan bank closings. manufacturing, defense contracting and Oakland Federal Deposit Insurance Corp., but one for two reasons: There are “There’s a greater confidence in and Macomb counties. (313) 446-6796 or also will target more traditional more troubled banks in Illinois the assets buyers are acquiring,” In November 2010, First Michi- [email protected] gan bought the assets of Wiscon- Tom Henderson: Covers banking, finance, acquisitions of both private and and a greater likelihood of acquir- he said. But if Talmer wants to buy technology and biotechnology. (313) 446-0337 or publicly traded banks. ing assets through the FDIC there troubled bank assets in the Chica- sin-based First Banking Center. Last [email protected] Nancy Kaffer: Covers small business, the city of “We are having numerous con- than in Michigan, and deals be- go area, it better be prepared to February, it bought the assets of Detroit and Wayne County government. (313) 446- 102-year-old Madison Heights- 0412 or [email protected] versations with interested parties. tween healthier banks are much pay a higher price than it did for Bill Shea, enterprise editor: Covers media, The industry is going through a easier to get done now than they troubled assets in Michigan, based Peoples State Bank, and last advertising and marketing, the business of sports, April it bought the assets of Mt. and transportation. (313) 446-1626 or consolidation phase. … There are have been. where there wasn’t much, if any, [email protected] still too many banks around the “Before, it was difficult to talk bidding competition with the Clemens-based Community Central Nathan Skid, multimedia editor. Also covers the Bank, which had gone into a death food industry and entertainment. (313) 446-1654, country. I can look out this office about acquisitions when you FDIC. [email protected] and see six branch offices. How couldn’t figure out asset quality,” Nonetheless, getting into Chica- spiral with the death the previous Sherri Welch: Covers nonprofits, services, retail and hospitality. (313) 446-1694 or many times do you drive by a he said, referring to the turmoil of go one way or another makes fall of president and CEO David [email protected] branch and you see two cars in the the past three years when bank sense, he said. Widlak. Dustin Walsh: Covers auto suppliers, steel, higher education and Livingston and Washtenaw lot — the manager’s and the lending portfolios had many trou- “Any bank looking to grow a Tom Henderson: (313) 446-0337, counties. (313) 446-6042 or [email protected] teller’s?” said Provost, sitting in a bled or potentially troubled loans. Midwest banking franchise needs [email protected]. Twitter: ADVERTISING conference room in the bank’s Now, though, he said, much of to have a presence in Chicago,” @tomhenderson2 ADVERTISING DIRECTOR Marla Wise, (313) 446- 6032 or [email protected] SALES INQUIRIES: (313) 446-6052; FAX (313) 393-0997 SENIOR ACCOUNT EXECUTIVES: Matthew J. Langan,Tamara Rokowski ADVERTISING SALES Christine Galasso, Lori DMC: Tournay Liggett, Dale Smolinski Hospital pursuing doctors for repayments CLASSIFIED SALES (313)-446-0351 MARKETING DIRECTOR Jeff Kapuscinski ■ From Page 1 EVENTS DIRECTOR Nicole LaPointe EVENTS COORDINATOR Kacey Anderson lowed DMC to sell its assets to in- quired by the settlement agree- where it might be construed as an man to reduce his fair market rent SENIOR PRODUCER FOR DIGITAL/ONLINE vestor-owned Vanguard in an ment to seek to recoup improper inducement to refer patients. They by $100 to $2,600 a month. PRODUCTS Pierrette Dagg MARKETING ARTIST Sylvia Kolaski $850 million deal, CEO Mike Dug- payments from physicians. also are restricted from referring “I will write a separate check for SALES SUPPORT Suzanne Janik, YahNica Crawford gan announced that DMC had “Vanguard DMC established a patients to certain services they $100 a month (for the computer AUDIENCE DEVELOPMENT MANAGER agreed to a $30 million settlement very rigorous compliance pro- own or hold financial interests in, equipment),” he said. “I haven’t Candice Yopp MARKETING COORDINATOR Jenny Griffith with the federal government. The gram to assure that each doctor such as laboratories or imaging heard back from them on that.” PRODUCTION MANAGER Wendy Kobylarz announcement came Dec. 30, 2010, pays fair market value for all centers. Jones said the majority of doc- PRODUCTION SUPERVISOR Larry Williams two days before the deal became of- rental space and all services pro- The physician told Crain’s that tors have had no problems repay- CUSTOMER SERVICE ficial. vided by the hospital system,” she has offered to give back the ing DMC. MAIN NUMBER: Call (877) 824-9374 or write [email protected] Duggan said the settlement re- Jones said in a statement. computers if DMC agrees not to at- “In some cases, there is a gen- SUBSCRIPTIONS $59 one year, $98 two years. solved charges “We are doing exactly what the tempt collection. uine disagreement as to what con- Out of state, $79 one year, $138 for two years. Outside U.S.A., add $48 per year to out-of-state of improper fi- law requires and exactly what we “My lawyer has informed them stitutes fair market value for pro- rate for surface mail. Call (313) 446-0450 or nancial relation- promised the federal government that billing me is improper and vided services, and in some cases (877) 824-9374. ships with we would do in our 2010 settlement that it is illegal for them to charge physicians use attorneys to repre- SINGLE COPIES: (877) 824-9374 REPRINTS: (800) 290-5460, ext. 125; physicians that by being diligent in collecting fair me because it is not a Stark viola- sent them in these discussions. (717) 505-9701, ext. 125; or lindsay.wilson spanned at least market value for all services pro- tion to accept this equipment,” the That is not unusual at DMC or in @theygsgroup.com TO FIND A DATE A STORY WAS PUBLISHED: six years, in- vided,” Jones said. physician said. “I didn’t even any system,” Jones said. (313) 446-0367 or e-mail [email protected]

cluding below- Mark Kopson, chairman of the want the computers in the first According to the Dec. 30 settle- CRAIN’S DETROIT BUSINESS IS PUBLISHED BY market leases, health care in- place.” ment agreement with DMC, more CRAIN COMMUNICATIONS INC. free advertising, dustry group of Michael Philbrick, who is the than 300 doctors were named for CHAIRMAN Keith E. Crain PRESIDENT Rance Crain marketing and Plunkett Cooney physician’s lawyer at the Troy of- questionable arrangements with Duggan SECRETARY Merrilee Crain tickets to sport- PC in Bloomfield fice of Hall Render Killian Heath & Ly- DMC. TREASURER Mary Kay Crain Executive Vice President/Operations ing events. Hills, who has man PLLC, was unavailable for They included: 94 doctors who William A. Morrow DMC, which reported the im- reviewed the comment at press time. were listed as having below-mar- Group Vice President/Technology, Manufacturing, Circulation proper payments to the federal DMC settle- A second DMC doctor received ket rental leases, 40 doctors who Robert C. Adams government before the sale to Van- ment, said the an initial $12,000 bill from DMC received free marketing services, Vice President/Production & Manufacturing Dave Kamis guard, also discovered many in- settlement does and Farbman for a computer, mon- 83 doctors who received free sig- Chief Information Officer stances in which it had billed not contain a re- itor and printer. After some nego- nage, 19 physicians who received Paul Dalpiaz Medicare and Medicaid from 2007 quirement that tiations, DMC reduced the bill to speaking fees and miscellaneous Chief Human Resources Officer Kopson Margee Kaczmarek to 2010 for physician services that DMC collect pri- $6,000, he said. payments, 50 physicians who re- Director of Audience Development Operations were not properly documented. or underpayments or improper “They are threatening me that if ceived physician service agree- Michelle Roth G.D. Crain Jr. Founder (1885-1973) In the settlement, DMC agreed benefits from physicians. I don’t pay what they want they ments and 24 physicians who had Mrs. G.D. Crain Jr. Chairman (1911-1996) to “cooperate fully and truthfully” “The provision of free comput- will report me to the CMS (Centers other financial arrangements. EDITORIAL & BUSINESS OFFICES: 1155 Gratiot Ave., Detroit MI 48207-2732; (313) with an ongoing federal investiga- ers and computer equipment like- for Medicare and Medicaid Services) Jones acknowledged that DMC’s 446-6000 tion of physicians and other indi- ly could have supported violations and OIG (Office of the Inspector Gen- new anti-fraud compliance pro- Cable address: TWX 248-221-5122 AUTNEW DET CRAIN’S DETROIT BUSINESS ISSN # 0882-1992 viduals and entities affiliated with of the Stark law and anti-kickback eral with the Department of Jus- gram has generated some opposi- is published weekly, except for a special issue the DMC. laws and might also have raised tice) and I will be investigated” for tion from doctors. third week of August, and no issue the third week of December by Crain Communications Inc. at Peter Caplan, an assistant U.S. private inurement issues for DMC Stark and anti-kickback viola- “The fact that some disagree- 1155 Gratiot Ave., Detroit MI 48207-2732. attorney in Detroit who was as- and tax liability issues for the tions, the doctor said. ments exist is an indication of how Periodicals postage paid at Detroit, MI and additional mailing offices. POSTMASTER: Send signed to the DMC case, had no physicians,” Kopson said. “They are trying to get as much strongly Vanguard DMC are com- address changes to CRAIN’S DETROIT BUSINESS, Circulation Department, P.O. Box 07925, Detroit, comment on DMC’s collection ef- Under the Stark law, which is money from me as they can,” he mitted to full compliance,” Jones MI 48207-9732. GST # 136760444. Printed in forts or whether its investigation named after Rep. Pete Stark, D- said. “DMC has changed a lot since said. U.S.A. Entire contents copyright 2012 by Crain into DMC and physicians has been Calif., physicians are restricted, they got bought by Vanguard.” Jay Greene: (313) 446-0325, Communications Inc. All rights reserved. completed. and sometimes prohibited, from In an attempt at compromise, [email protected]. Twitter: Reproduction or use of editorial content in any But Jones said the DMC was re- accepting gifts from hospitals the doctor said he has asked Farb- @jaybgreene manner without permission is strictly prohibited. 20120227-NEWS--0026-NAT-CCI-CD_-- 2/24/2012 5:21 PM Page 1

Page 26 CRAIN’S DETROIT BUSINESS February 27, 2012 RUMBLINGS WEEK ON THE WEB FROM WWW.CRAINSDETROIT.COM, WEEK OF FEB. 18-24

lot of the gated properties Its impact locally remains ReBuild Detroit” aimed at that they want. Hackel to sue to be seen. BGC owns the garnering financial sup- New York City-based real port from Detroit’s corpo- Waterford estate brokerage Newmark rate leaders to revitalize Garden City Hospital has after board Knight Frank, which has a lo- the city’s Morningside plenty of potential suitors cal office part-owned by Commons neighborhood overrides vetoes Farmington Hills-based through home construc- Is Garden City Hospital go- real estate investor David tion, rehabilitation and mobs spend ing to sell to Detroit Medical Friedman. acomb County Ex- energy-ef- Center, Oakwood Healthcare, Ⅲ Strategic Staffing Solu- ecutive Mark Hackel ficiency St. Joseph Mercy Health Sys- tions CEO Cynthia Pasky has improve- tem or St. John Providence M will, as promised, filed a defamation lawsuit take his county’s board of ments and Health System? against WJBK-TV2, reporter cash in a flash commis- weather- All four systems are ru- Charles ization as- mored to be interested in sioners to lash mobs are so 2011, LeDuff and sistance by purchasing the financially court over a but the Waterford others over 2014. Gener- struggling 323-bed osteo- vote late F Chamber of Com- a report al Motors pathic hospital. Thursday to merce’s new “Ca$h Mob” that aired Co. CEO After hearing rumors override his Akerson concept is turning heads in in early Dan Aker- about it for more than a vetoes and 2012. February. son and his wife, Karin, do- year, CEO Gary Ley con- seek a larger Last week, 25 chamber Also nated $1 million to start firmed to The Detroit News governance members and residents named in the initiative. that Garden City is up for a role in con- stormed locally owned gro- Hackel the suit are Ⅲ Gov. Rick Snyder has merger or acquisition. tracting Pasky cery store Tenuta’s Food Lane New World signed legislation that will Ley confirmed only that practices. to shop at a specified time Communications of Detroit allow county boards of he had talks last year with “It’s an important issue with one goal in mind: a Inc. in Southfield and commissioners to dissolve DMC, owned by for-profit to make the determination quick infusion of cash to the WJBK producer Douglas and then take over the du- Vanguard Health Systems Inc. as to whether there is a sep- local economy. McKenzie. ties of county road com- DMC has declined to com- aration of powers under the “It’s a concept of flash The suit, which seeks missions in Michigan, AP ment. charter,” Hackel said. The mob but with cash in a more than $25,000 in dam- reported. Voters will de- But Oakwood CEO Brian board has retained Clark Hill quick period of time,” said COURTESY WATERFORD CHAMBER ages, says the story falsely cide whether to dissolve Connolly also confirmed that plc in Detroit to advise it. Marie Hauswirth, executive Ca$h Mob invades Tenuta’s implied that Strategic road commissions in coun- director of the chamber and grocery store in Waterford the Dearborn-based four- Staffing illegally and/or il- ties where road commis- president of the Oakland Township. hospital system is interest- ON THE MOVE licitly obtained and re- sioners are elected. Chamber Network. ed in Garden City, if it is for newed a contract for a call Ⅲ Fifty-three Roman Ⅲ Jeffrey Vanneste will re- The chamber’s cash mob guest home of sorts. sale. center for Wayne County in Catholic parishes in South- turn to his former employ- will occur once a month. It Gualberto Ranieri, senior To read more about Gar- exchange for significant east Michigan will undergo er, Southfield-based Lear uses its Facebook and Twit- vice president of communi- den City, read Jay Greene’s contributions to County mergers, reorganizations Corp., as its ter feed to announce the cations for Chrysler, would blog at crainsdetroit.com/sec- Executive Robert Ficano’s or closure over the next senior vice time, date and location of tion/StaffBlogJayGreene campaign. LeDuff could not five years in the face of pop- not comment on the topic. president each “hit.” be reached for comment. ulation shifts, changes in It’s a positive sign that a and CFO, ef- Hauswirth said the cam- Ⅲ Southwest Airlines will the worship habits of top executive is buying a Coming this semester: fective paign is designed to create add a direct route between Catholics and a shortage of home, said Nanci Rands, a March 15. a mindset of shopping lo- broker specializing in high- Whole Foods 101 Detroit Metro Airport and Las priests, Archbishop Allen Vi- He had been Vegas to its flight schedule gneron said. Two parishes cally. end homes at Birmingham- Austin, Texas-based executive beginning Sept. 30. Depend- will close as planned in based Hall and Hunter Real- Whole Foods Inc. is holding vice presi- ing on the season, Delta Air- 2012: St. Donald in Roseville tors, an affiliate of Christie’s classes to teach its future dent and Chrysler CEO buys 2 area Vanneste lines offers about six direct and St. Elizabeth in Wyan- International Real Estate. Detroit shoppers about the CFO of flights to Las Vegas each dotte. homes; security in mind “In the past, a lot of the ex- company and its products Southfield-based IAC Group, day, and Spirit Airlines offers Ⅲ The latest Michigan Re- ecutives were renting,” she Chrysler Group LLC CEO Ser- as it nears construction of Lear’s former interiors two. tail Index, a joint project of gio Marchionne has put down said. “But the demand has its store on the corner of unit. Vanneste replaces in- Ⅲ Ford Motor Co. boosted the Michigan Retailers Asso- roots in metro Detroit with switched, and the top execu- Mack and Woodward av- terim CFO Jason Cardew. At annual compensation for ciation and Federal Reserve the purchase of two homes tives are getting the advice enues in Midtown. IAC, Dennis Richardville, board members to an annu- Bank of Chicago, said that in Commerce Township. to buy rather than to rent.” The courses will be held vice president of finance al retainer of $250,000, up in January 48 percent of The homes were pur- One challenge to the at its office in the Ellington and global corporate con- from $200,000, Bloomberg retailers increased sales chased for $3.9 million and process, however, is the building near that corner troller, was made interim News reported. Edsel Ford II, year over year, while 32 $1.4 million in cash Feb. 3, lack of heavily secured on March 8, March 15, CFO as the company looks a director, also will receive percent saw declines, and said a source with knowl- to replace Vanneste. homes, Rands said. March 22 and March 29. Ⅲ $650,000 a year in cash as a 20 percent saw no change. edge of the deal. “What the ultrahigh-level Send an email to Ron Freeland, a senior consultant, up from The seasonally adjusted He will be creating a auto executive wants is pri- amanda.musilli@whole- executive and chairman of $500,000. performance index was “compound” for security, vacy,” she said. “And while foods.com to register. bus systems, ports and rail Ⅲ Ann Arbor-based Mole- 63.8, up from 59.1 in De- the source said. The smaller we have gated communities The store is expected to lines in Maryland and Vir- cular Imaging Inc., a contract cember and 63.2 in Novem- house will be used as a in the area, we don’t have a be open by spring 2013. ginia, has been named the research organization that ber, the best results since Detroit Department of Trans- provides preclinical imag- November 2010. Values portation’s CEO. Mayor ing services to the pharma- above 50 generally reflect Dave Bing earlier this ceutical and biotechnology stronger consumer pur- month replaced the group industries, has closed on a chasing activity. executive in charge of $9.9 million Series A round Ⅲ Detroit Tigers pitcher DDOT, Terrence King. of venture capital funding. Justin Verlander has signed a Ⅲ WADL-Channel 38 has Molecular had been seek- deal with Pittsburgh-based hired Matt Stevens as news PBL Sports Inc. under which EST FROM THE LOGS director. The Michigan na- ing $8.5 million to fund B B growth and expand its the company is producing READ THESE POSTS AND MORE AT WWW.CRAINSDETROIT.COM/BLOGS tive spent 30 years in broadcast journalism, most imaging capabilities. “Fastball Flakes,” a frosted recently as senior corre- corn flake cereal available Purtan gives assist to radiothon Blues lose another round spondent at CBS affiliate at Meijer Inc. stores in the De- OTHER NEWS troit, Lansing, Kalamazoo Retired radio WOIO-TV in Cleveland. broadcaster Dick Add the city of Ⅲ Tentative agreements and Grand Rapids markets. Purtan returned to the Holland“ to recent reached between the city of Proceeds will benefit De- airwaves for the victories over Blue COMPANY NEWS Detroit and its labor troit’s John D. Dingell VA Med- Cross Blue Shield of Salvation Army of Metro Ⅲ After more than a year unions are unlikely to ical Center and Ann Arbor’s Detroit's annual Bed Michigan, which has been accused of of financial troubles, the achieve significant sav- VA Healthcare System. and Bread Club ings, according to a new Radiothon, an event he charging hidden fees to California brokerage Grubb report by the Detroit City helped to found 25 more than 30 self- & Ellis Co. — 30 percent OBITUARIES years ago. insured public and owned by local investor C. Council’s top financial ana- private employers. Michael Kojaian — has lyst, Irvin Corley Jr. Ⅲ Richard Siegel, former arranged for New York- Ⅲ Habitat for Humanity general manager of Birm- Reporter Sherri Begin Welch’s blog Reporter Chad Halcom’s blog on the legal business” based BGC Partners Inc. to Detroit announced a $25 ingham-based Creem Mag- about Southeast Michigan nonprofits can be found can be found at www.crainsdetroit.com/halcom at www.crainsdetroit.com/welch acquire the company as million, three-year cam- azine, died of esophageal part of a bankruptcy filing. paign called “Leaders to cancer Feb. 18. He was 68. DBpageAD.qxp 2/21/2012 10:35 AM Page 1

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