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8/3/2019 Business Journal February 2012 B Section
1/12
BINSID
ETHE
BusinessJournalOF WEST CENTRAL OHIO
February 2012
Business & Financial Services
Large enough to serve you, small enough to know you.
The Ottoville Bank Co.
www.ottovillebank.com
MAIN OFFICE
161 W. Third St.
Ottoville, Ohio 45876
419-453-3313
LENDING CENTER
940 E. Fifth St.
Delphos, OH 45833
419-695-3313Jim Vincent Ron Elwer
Jane Birckhead, CPCU
Executive Vice President
Trustee - Stepping Stones Center
Life Home Auto Business Income
Hukill HazlettHarrington Agency, Inc.
Insurance Since 1838
513-793-1190
FAX: 513-795-5730 Cell: 513-479-1193Direct Line: 513-619-4621
Email: [email protected]
Serving the Corporate
and Personal Community
For Over 30 YearsLiving the Rotary motto:Service above self
While bankers complain that regulatoryuncertainty is hurting growth, their failureto provide balance sheet transparency iscreating uncertainty for the taxpayers whobailed them out.
Europes sovereign-debt crisis alreadyclaimed MF Global Holdings Ltd., the bro-kerage run by Jon Corzine that collapsed onOct. 31, and credit default swap prices implya more than one-in-five chance of defaultfor Morgan Stanley, Goldman Sachs GroupInc. and Bank of America Corp. in the next
five years. Thats up from about one-in-10odds at the beginning of July, according todata provider CMA and a standard creditswaps industry pricing model.
European-related risks have over-whelmed whatever cost regulatory uncer-tainty has imposed on bank lending, saidJohn Lonski, chief economist at MoodysCapital Markets Group in New York. Thelack of transparency means we dont reallyknow what the exposures of major U.S.financial institutions are, and we verymuch have to be concerned about the pos-
sible negative repercussions.Lonski forecast U.S. economic growth
of about 2.2 percent in 2012, above the thirdquarters 2-percent pace. He said it wouldbe difficult to see faster expansion, giventhat turmoil in Europe is limiting the supplyof credit.
Theres a fear of taking risk that is en-demic throughout the whole system, saidMilton Ezrati, senior economist and marketstrategist at Lord Abbett & Co. in Jersey
City, N.J., which managed about $100 bil-lion as of Sept. 30. No one knows wherethe dangers lie.
As the Standard & Poors 500 Index offinancial stocks has tumbled about 18 per-cent since June on concerns about financialcompanies ability to weather the euro cri-sis, JPMorgan Chase & Co. Chief Executive
Full Payroll Service: Direct Depositing Check Printing Tax Depositing
Quarterly Payroll Reports Year End Reconciliation W2s & 1099s
Eric M. Macwhinney, President
207 N. Main St. Delphos419-227-9040 419-695-9040
www.payrollservicesincorporated.com
Big banks complaint of uncertaintyobscures reluctant disclosure
See BIG BANK, page 2B
8/3/2019 Business Journal February 2012 B Section
2/12
2B TheBusinessJournal February 2012
Committed to excellence for business & financial services with 5 locations to serve you
www.fjsb.com
The Fort Jennings State Bank
120 N. Water St.
Ft. Jennings, Ohio 45844
419-286-2527
120 E. Main St.
Ottoville, Ohio 45876
419-453-2527
302 Delphos Rd.
Columbus Grove, Ohio 45830
419-659-2527
12 E. Main St.
Leipsic, Ohio 45856
419-943-2528
1330 N. Locust St.
Ottawa, Ohio 45875
419-523-3012
Member FDIC
A full service bank!
Metzger Financial Services
Lynn R. Metzger Matthew L. MetzgerMartin R. Hopkins
Financial StrategiesPersonal Business
1333 North Cable Road Suite A-1 Lima, Ohio 45805419-225-6067 Fax:419-225-6105www.metzgerfinancialservices.com
Officer Jamie Dimon has continued to com-plain about the unintended consequencesof financial regulation.
Congress passed hundreds of rules in2010 as part of the Dodd-Frank overhaul offinancial legislation after an unprecedent-ed bailout of the banking system in 2008.Regulators worldwide also are devising newcapital requirements.
Theres growing confusion, Dimon,55, said Dec. 7 at the Goldman Sachs U.S.
Financial Services Conference in NewYork, citing a chart that shows about 10federal agencies that now supervise the in-dustry under the new bank laws. Thereshuge bureaucracy and were going to makemistakes, and I hope that someone goesback and fixes this one day.
His comments followed a face-off withFed Chairman Ben Bernanke during a pub-lic forum in June, when Dimon pressed thecentral bank chief on whether regulators
have gone too far in reining in the bankingsystem and hampered the U.S. expansion.
I have a great fear someones going totry to write a book in 20 years, and the bookis going to talk about all the things that wedid in the middle of the crisis to actuallyslow down recovery, Dimon told Bernan-ke at a conference of bankers in Atlanta onJune 7.
Goldman Sachs President Gary Cohnsaid June 2 that while higher capital stan-dards will improve the creditworthinessof the industry, they will likely impactthe availability of credit in the system andweigh on economic growth.
The cost to protect $10 million of NewYork-based JPMorgans debt against de-fault for five years has jumped 86 percentsince June to $145,000 annually, CMA datashow. Credit default swaps on GoldmanSachs bonds also have more than doubled to$321,000 per $10 million.
Europe matters much more than uncer-tainty regarding the final form of financialinstitution regulation, Lonski said. To goahead and blame reduced access by smallbusinesses to bank credit on more stringentregulations or regulatory uncertainty is a bitof a stretch.
Lonski pointed to the creation of newhigh-yield, high-risk bank loans, which
amounted to $45 billion a month during thefirst half of the year and fell to $20 billion amonth from July through October as the es-calating euro crisis sapped appetite for risk.
JPMorgan, Goldman Sachs and MorganStanley havent provided a full picture oftheir potential gains and losses amid mount-ing concern that Greece, Italy, Ireland, Por-tugal and Spain may not be creditworthy.
Banks generally disclose their net expo-sure to troubled countries in Europe, nettingout the gains or losses from contracts usedto hedge risk, but that net exposure meansnothing if the companies on the other side ofthe contracts cant meet their obligations,said Paul Miller, an analyst with FBR Capi-tal Markets Corp. in Arlington, Va., and aformer examiner for the Federal ReserveBank of Philadelphia.
JPMorgan said in its third-quarter regula-tory filing that more than 98 percent of thecredit default swaps it has written on Greece,Italy, Ireland, Portugal and Spain debt isbalanced by swaps on the same bonds. JP-Morgan said its net exposure was no morethan $1.5 billion, without disclosing grossnumbers in the Nov. 4 filing or how muchcame from swaps.
Dimon, reacting to questions from in-vestors about the companys Greece, Ita-
VISIT OUR WEBSITE:www.midwestcommunity.org
EMAIL US AT:[email protected]
Defiance Main Office
08770 St. Rt. 66, 419-783-6500
Deerwood Branch
1481 Deerwood Dr., 419-782-9856
Napoleon Branch
1429 N. Scott St., 419-599-5522
Big banks (Continued from page 1B)
The Business Journal
Distributed in
13 counties...
ALLEN, AUGLAIZE,
DEFIANCE,
HANCOCK, HARDIN,
HENRY. LOGAN,
MERCER, PAULDING,
PUTNAM, SHELBY, VAN
WERT, WOOD
See BIG BANK, page 4B
8/3/2019 Business Journal February 2012 B Section
3/12
February 2012 TheBusinessJournal 3B
LAND AUCTION
215AcresWED., FEBRUARY 15 6PM
EATON, OHIO PREBLE CO.
877-747-0212www.schraderauction.com
WITHIN 1/2 MILE OF EATON CITY LIMITS
4 MILES SOUTH OF I-70 &
US 127 AT EXIT 10
OWNER: David & Alice Shafer & Rebecca Hill
AUCTIONEER / BROKER: Rex D. Schrader
#63198513759 #000314452
PROPERTY LOCATION: 432 Alexander Rd.Eaton, OH 45320. The farm sits approximately 1mile north of Eaton, OH just west of the intersectionof US 127 and OH SR 726. From Eaton travel northon SR 127 to SR 726 then left on SR 726 1/8 mile toAlexander Rd. Left on Alexander 1/8 mile to thefarm. TRACT 3 has frontage on Eaton- GettysburgRd. From Tract 1 continue west on Alexander Rd. tothe intersection of Eaton-Gettysburg Road, then left(southeast) to the farm on the left.AUCTION LOCATION: THE GATHERINGPLACE located at 501 Nation Avenue, Eaton, OH45320.
TRACTS RANGING FROM 5 - 80 ACRESThe SHAFER FARM boasts premium soils, an
outstanding location, and attractive improvements.Whether youre a crop farmer or investor, this
property warrants your attention!
INSPECTION DATES:Tuesday JANUARY 24TH 10AM - NOONTuesday FEBRUARY 7TH 10AM - NOON
Meet a Schrader Representative on Tract 2.Walk-Over Inspections Welcome.
For Information Call: 765-855-2045
Oered in 4 Tracts
196 TILLABLE ACRES - BUYER RECEIVING2012 CROP RIGHTS
PREMIUM KOKOMO & CELINA SOILS WELL-DRAINED - SYSTEMATTICALLY TILED 85,000 BUSHEL BROCK GRAIN STORAGE W/2
LEGS DEVELOPMENT POTENTIAL COUNTRY HOME AND BUILDINGS OUTSTANDING LOCATION
Watch for the Shafer Farm EquipmentAuction Scheduled for March 7th, 2012!
I am sick of goals and goal experts. Youknow, the people that spam you around the firstof the year proclaiming they are the ones who
can help you get to the next level. They havethe magic goal achievement formula.All you have to do to achieve your goals is
pay the sender of the email.I am not an expert at setting goals. Rather,
Im an achiever.To me goal is the wrong word. It tells me
theres something I HOPE or SEEK to achieve.I think you should call them the achievementsIm striving for, and intend to make happen.Whoa! That sounds like a whole different (bet-ter) process.
The reason most goals are not met is simple:Starting with the goal is wrong. Making the
goal is the middle of the process.BIG PICTURE: BEFORE YOU MAKE
A GOAL, YOU NEED INFORMATION,AND YOU NEED TO DEFINE YOUROWN REALITY.
Heres the achievement formula and processthat will work
Before you make a goal, first define andwrite down whats happening in your life atthis moment.
What is my present situation? Ask yourself(and write down the answers): Whats happen-
ing in my life? Whats happening in the lives ofothers that may affect me? Whats happeningat my job and in my career? Whats going on
in my family?What is my present status? What are myskills? My capabilities? My shortcomings?What are the things I need to work on? What ismy experience level? Hows my health? Whatsmy demeanor? How positive is my attitude?
What are my opportunities this year? Whatis available for me to grasp, accomplish, orachieve in both career and life? FYI: If yourefacing major change, maybe you should rede-fine it as opportunity. If you do, youll see theother side of the picture.
What are my objectives? Whats been on mymind to do? What do I want to make happen?
What are my needs? What do I gotta dowhether I like it or not?
What are my desires? What do I really wan-na do?
What are my intentions? Am I writing downa 20-year dream, or am I dedicating myself tothe tasks necessary to get something achievedin a short space of (defined) time?
What are my beliefs? How strong do I be-lieve in my company? My product? My ser-vice? Do I believe I can differentiate myselffrom others? Do I believe that my customer is
better off purchasing from me?Second, you write down what achieve-
ments youd like to make:
What have I been thinking about? What aremy dominant thoughts? What are my thoughtsId like to turn into achievements?
What have I ALWAYS wanted to do?What am I willing to do? If I make a goal,
am I willing to actually do the work to make ithappen?
Whats the time requirement? If I make agoal, do I have the time to achieve it? Am Iwilling to allocate the time?
What am I willing to sacrifice in order toachieve? (Give up bacon? Beer? TV?)
What are the barriers? What are the obsta-cles Im facing? Can I overcome them alone or
do I need help? If so, who?Whats my level of dedication? What has
been my history of achievement?Whats my attitude toward doing? Am I
gung ho or ho hum?Whats my date to start? Pick a firm date.
Document it.Whats my plan of action? What do I need to
do every day? Whats my daily dose?Whats my expected date of achievement?
Pick a firm date. Document it.Whats my plan to celebrate? Wheres the
party? When is theparty? Who is com-ing?
What are my out-come expectations?What do I believewill happen AFTERachievement? How willthat affect my life?
Get the picture?Theres a heck of a lot that goes into the
achievement process. Setting the goal is justone small part of it. Thats why I substitute theword goal for the word achievement.
You have ideas, you have dreams, you haveaspirations, you have desires, and you haveneeds. And now you have a full-blown plan of
understanding and attack. BUT the plan alonewill not work without the secret ingredient:Your hard work.
In my years of achievement, hard work hasalways been my secret weapon. Make it yours.
Jeffrey Gitomer is the author of The Sales Bible, Customer Satisfac-tion is Worthless Customer Loyalty is Priceless, The Little Red Book ofSelling, The Little Red Book of Sales Answers, The Little Black Book ofConnections, The Little Gold Book of YES! Attitude, The Little GreenBook of Getting Your Way, The Little Platinum Book of Cha-Ching,The Little Teal Book of Trust, The Little Book of Leadership, and SocialBOOM! His website, www.gitomer.com, will lead you to more informa-tion about training and seminars, or email him personally at [email protected].
2012 All Rights Reserved. Dont even think about reproducingthis document without written permission from Jeffrey H. Gitomer andBuy Gitomer. 704/333-1112
Goals revisited. Met and unmet.Why you dont. And what to do!
JeffreyGitomer
8/3/2019 Business Journal February 2012 B Section
4/124B TheBusinessJournal February 2012
ly, Ireland, Portugal and Spain exposure,elaborated on Dec. 7 at the Goldman Sachsconference. JPMorgan has bought or sold atotal of about $100 billion of notional creditderivatives that insures corporate, financialor sovereign debt in the five countries. The
companys net exposure from loans, de-rivatives and other trading relationships inthese nations totaled about $15.9 billion, hesaid.
Joe Evangelisti, a JPMorgan spokesman,declined to comment.
Theres just not a lot of clear-cut trans-parency on what exactly the exposure is,where it lies or who the counterparties are,Miller said. Its very difficult to analyzethe exposure without knowing the counter-parties, and no bank gives that out.
Regulators need to figure out betterways to present banks risks, such as theirexposure to the European crisis, FederalReserve Bank of New York President Wil-liam Dudley said during an Oct. 20 speechin New York. Investors are uncertain howto think about banks with huge books ofbusiness that net down to more modest net
exposures.Banker complaints about the costs ofregulation are exaggerated, Dudley hasrepeatedly said. More statesman-like en-gagement is both warranted and welcome,and banking leaders and industry tradegroups should propose smart solutions toachieve essential financial-stability objec-tives and not simply lobby against change,he said during a Sept. 23 speech in Wash-ington, D.C.
Citigroup Inc. CEO Vikram Pandit,whose bank took a $45-billion taxpayer
bailout in 2008, has said financial institu-tions should be forced to publish resultsfrom stress tests every three months. TheFed said in November that it will disclosethe results of its stress tests on the 19 largestinstitutions. Dodd-Frank requires the centralbank to conduct the tests annually.
Whether or not youre regulated with asupervisory regulator, just put the informa-tion out, Pandit said Dec. 6 at the GoldmanSachs conference in response to a questionabout the extent of a regulatory backlashfrom MF Globals failure. If you did that,
and you did that consistently over a lot ofinstitutions over a period of time, I think themarkets would take care of a lot of this stuffas well.
Big banks (Continued from page 1B)
OHIO LOGISTICS
Northern Georgia (Rock Spring)
According to research,
those businesses
seeking the advantages
of being perceived as
having greater
resources, being a
leader and being more
experienced should
utilize the strategy of
larger, more colorful,
more frequentadvertising.
8/3/2019 Business Journal February 2012 B Section
5/12February 2012 TheBusinessJournal 5B
Report on Van Wert
CommerCial industrialroofing
BEBOUT & HOUG
ROOFING & SIDING INC.
116 N. WALNUT VAN WERT, OHIO
419-238-4100ROOFING
TOM BEBOUT
GARY HOUG
TREVOR
BEBOUT
SERVING
AREA -
OVER 30
YEARS
FREE
ESTIMATES
Rubber PVC TPO Roofs
Standing Seam Roofs Modified Bitumen Roofs Asphalt Built-Up Roofs Single Roofs
Set in the heart of West Central
Ohios rich agricultural lands, Van
Wert is in a prime geographic loca-
tion. Sixty-five percent of the
United States and Canadian popu-
lation resides within a 600 mile
radius of Van Wert. Van Wert
is located halfway between Lima,
Ohio and Fort Wayne, Indiana
along US Hwy 30 (a four-lane,
divided highway).
Van Wert is at the center of
several major highways that con-
nect you with many metropoli-
tan areas in the region. Included
are three US highways 30, 127,
and 224 and two state routes
116 and 118. Interstates I-69
and I-75 are both accessible via
US Hwy 30 (a four-lane, divid-
ed highway) and can be reached
within 30 minutes. Metropolitan
markets such as Chicago, Detroit,
Cincinnati, Cleveland, Columbus
and Indianapolis are within easy
driving distance.
Van Wert rail service is provided
by Conrail, and several trucking
lines and freight terminals servicethe area. The Van Wert County
Airport is equipped with a 4,000 ft.
runway, which features pilot con-
trolled lighting and a GPS approach
system. The airport offers flight
instruction, aircraft rental and main-
tenance. Commercial airline flights
are available at the Fort Wayne
International Airport, located just
30 miles away, or the Dayton
International Airport, about an hour
away. The Port of Toledo is located
about 100 miles north of Van Wert
giving you access to international
shipping routes.For a detailed map
of the area, please call the Chamber
at 419-238-4390.
8/3/2019 Business Journal February 2012 B Section
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Reed Chiropractic of Van Wert
Dr. Steven Reed, D.C.NUCCA Chiropractor
707 Fox Road suite 100
Van Wert, OH 45891
Corner of Fox Rd. & Westwood Drive
Mon.-Sat. by AppointmentMorning, Afternoon, & Evening Hrs.
419-238-2601www.reedspinalcare.com
The First County
Library in the
United States215 West Street
Van Wert, Ohio 45891
419-238-2168
Fax: 419-238-3180
www.brumbacklib.com
The Brumback Library
Van Wert County HospitalVan Wert County Hospital is a 99-bed
acute-care facility serving county residentsand the surrounding communities. The hos-pital is nationally recognized for excellencein healthcare and is fully accredited by the
Joint Commission for the Accreditation ofHealth Care Organizations. In 2002 theyachieved the honor of being named one ofthe Top 100 Hospitals in the nation in thesmall com-munity category by Solucient,an Evanston, Illinois-based health careinformation company.Van Wert Health Center
In addition to the main hospital campus,the Van Wert County Hospital owns andoperates the Van Wert Health Center onFox Road. The outpatient center featuresan Ambulatory Surgery Center, Laboratoryand Radiology Services, Physical Therapyand the Gaylord E. Leslie Wellness Centerfor Healthy Living.Community HealthProfessionals
Community Health Professionals, Inc.offers a variety of home health care servic-es, developed to meet the individual needsof each person. Working with doctors,hospital staff and family members, theyprovide a total care plan to meet specificneeds. On staff are experienced nurses,therapists, social workers, hospice special-ists and home health aides.
As a community-based, nonprofit orga-nization Community Health Professionalsis dedicated to meeting the needs of thecommunities it serves. Beyond its coreservices of home health, hospice and pri-vate duty services, Community HealthProfessionals and its affiliates offer manymore auxiliary services including: AdultDay Health Care (providing activities andsocialization for aging and disabled indi-viduals and respite for family caregiv-ers) and The Angel Foundation (facilitatesthe final wishes of terminally-ill adultsthroughout Ohio).Senior Health Care
The health needs of seniors are welltaken care of in Van Wert. A variety offull-care senior nursing home facilitiesoperate in the area including Vancrest, VanWert Manor, Hearth & Home and ConvoyCare Center. Each facility offers skilledhealth care for the elderly in attractive,caring settings.Professional MedicalOffices
Whether you need a general practitio-ner, specialist, pediatrician, family dentistor optometrist you will find it in Van Wert.Many medical professional offices offertheir services to the community. Severaloffices have recently built new facilities tokeep up with the growth in their practices.
8/3/2019 Business Journal February 2012 B Section
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February 2012 TheBusinessJournal 7B
The Name Says It All
EXPERIENCE TRUST RESPECT
Sharon Henkaline Jack Henkaline Christopher B. Henkaline Brad Wisener
SHARRON REALTY ASSOCIATES INC. Residential Commercial Worldwide Referral
Relocation Career OpportunitiesSHARON HENKALINE, BROKER
419-238-4505www.century21.com
1043 S. Shannon Van Wert
Bringing Buyers And
Sellers Together for37 YEARS!
Serving Van Wert &
Area More Than
40 Years
RUNSER &
PUTMANAttorneys at Law
Probate Estate Planning Criminal Corporations Patnership/LLC FamilyLaw
PersonalInjury Bankruptcy
111 E. Main St.Suite 105
Van Wert, Ohio419-238-2200
www.runserandputnam.comP0XXXXX 1/06
statefarm.com
P060396 12/06 State Farm Mutual Automobile Insurance Company, State Farm Indemnity Company Bloomington, IL
Steve Bailey, Agent109 W Main StreetVan Wert, OH 45891-1703Bus: [email protected]
Lower your rates, not your standards(Discounts up to 40% on car insurance.)
Switch to State Farm and you could save big with one
of our many discounts. Hurry in (but dont speed).
Van Wert County is home tohundreds of local business-es whoconsistently rank it as an excel-lent location to do business in the
annual Economic Developmentretention and expansion survey. Astrong, diversified manufacturingbase has been developed with ourlargest em-ployer being the inter-national Eaton Corporation. VanWert is also home to the headquar-ters of Central Mutual InsuranceCom-pany, currently involved in anexpansion process.
The area is served by a strongand healthy financial communityof banks, a savings and loan andcredit unions.
The area has many eco-nom-ic development tools available to
help the business commu-nitygrow. The county and city haveestablished Enterprise Zones,making tax abate-ments avail-
able to growth-oriented business-es, both new and existing. TheEconomic Development Officeruns the local Revolving Loanand Microenterprise Funds thatmake low-interest loans availableto businesses that are creating jobsin the area. A single economicdevelopment office operates forboth the city and the county in
conjunction with the Ohio StateUniversity Extension office.The manufacturing base in Van
Wert ranges from very large cor-porations (Eaton Corp. employs
over 1,300) to smaller, locally ownedcompanies (National Door & Trimemploys around 80). The variety ofproducts made by our outstandingworkforce include handbags, ambu-lances, automotive parts, hoses andfittings, processed turkey products,plastic products, tool boxes, fiberdrums, FFA & 4H jackets, woodendoors and trim, sealing systems andmuch more.
The business community is servedby several commu-nity developmentorganizations including the Van Wert
Area Chamber of Commerce, VanWert County Economic DevelopmentOffice, Community ImprovementCorporation, Main Street Van Wertand the Van Wert Convention &
Visitors Bureau. More specificinformation on economic develop-ment opportunities, demograph-ics, industrial or workforce infor-
mation may be gained by callingthe Chamber (419/238-4390) or EDOffices (419/238-2999).
8/3/2019 Business Journal February 2012 B Section
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8B TheBusinessJournal February 2012
Van Wert Co.Ag Society
1055 S. Washington St.,
Van Wert, OH 45891419-238-9270
Aug. 29-Sept. 3,
2012
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For the past 27 years, Ayers Mechanical Group has providedN.W. Ohio with dependable plumbing and heating services.
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Van Werts variety of shop-ping and dining options continues to expand withnew commercial growth in the area. In the city three main shopping areas havedeveloped over the years: Downtown, Southside District, and Towne Center.Several of the surrounding communities also have dining and shopping options
to consider. For more specific address and contact information, please re-fer tothe Buyers Guide in the back of the book.Southside District
Home to three large commercial plazas, and adjacent to the new school andperforming arts complex, there is no denying that the largest center of com-mercial activity is in the Southside district. Three grocery stores, two nationaldepart-ment stores (including Sears), two automobile dealerships, a large hard-ware store, several banking institutions and many specialty shops have basedtheir operations out of this area. The Hospital and its medical professionaloffic-es as well as the County Fairgrounds also border this busy district.
Just to the south of town DeShia Country Store and Lauries Nature Scapesoffer a wide variety of gifts and nursery supplies.There are many dining optionsavailable to tempt your palate in this area. For a family style meal considerBob Evans or the locally owned I Dont Care Grille. Willow Bend CountryClub offers delicious gourmet meals to its members as well having a 9-holegolf course. Many national chain fast-food restaurants also have locations hereincluding McDonalds, KFC, Burger King, Dairy Queen, Pizza Hut and more.There are also two Chinese food restaurants and a delicious ice cream stand inthe area.Towne Center
Opening in November, 2005 on the north side of town, the Van Wert
8/3/2019 Business Journal February 2012 B Section
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February 2012 TheBusinessJournal 9B
Main Line 419-238-2390
Admitting/Registration 419-238-8602
Business Ofce 419-238-8640
Cardiac Rehabilitation 419-238-8604
Cardiology Clinic 419.238-8605
Cardiopulmonary Services 419-238-8685
Central Scheduling 419-238-8643
Emergency Room 419-238-8611Intensive Care Unit 419-238-8612
Laboratory 419-238-8613
Medicial/Surgery 419-238-8619
Obstetrics 419-238-8618
Patient/Community Relations 419.238-8623
Pediatrics 419-238-8624
Pharmacy 419-238-8625
Physical Therapy 419-238-8626
Radiology 419-238-8630
Sleep Center 419-232-5281
Social Services 419-238-8654
Telemetry 419-238-8612Wellness Center 419-238-8691
Grand Lake Regional
Cancer Center 419-584-1900
Home Health Solutions 419-238-3133
Quality. Convenience.
VanWertHospital.org
1250 S. Washington St.Van Wert Ohio 45891
419-238-2390
Van Wert County Hospital Direct Dial Numbers
Featuring over100 Physicians
in 25 Specialties
Towne Center is the newest commer-cial development in the area. TowneCenter is home to Super Walmart,Petland, Maurices, and more. Thedevelopment will soon be home to anew bank branch and fast food restau-
rant. Also on the slate for develop-ment are a motel, a movie theater, andother retail establishments.
Several dining options have openedalready in Towne Center with severalmore in line for future development.The Hong Kong Buffet offers a deli-cious Chinese buffet for a reasonableprice. McDonalds operates a 24 hourlocation at the edge of the propertyand a sub shop has also opened.Surrounding Areas
While the city serves as the mainhub of commercial activity for thecounty, the surrounding villages have alot to offer their residents and visitors.Convoy is home to the Hall LumberCompany a Do It Best affiliated storethat is popular with locals. Othershopping options in the surroundingareas range from Celebrations partysupplies in Delphos to many retailand service businesses. Several vil-
lages also have restaurants and tavernsthat offer delicious, reasonably pricedmeals.
Located on the northwest edge of Van
Wert, Ohio, Vision Industrial Park offers
four-lane highway access to both I-75 (35
miles east) and I-69 via I-469 (35 miles west).Vision Industrial Park is an enterprise zone
owned by the City of Van Wert and currently
has over 100 acres available for development.
The park was developed as a place where
growing busi-nesses could locate and ex-pand
without disturbing much of the rich, fertile
farmland in the area.
Vision Industrial Park is currently
home to seven industries including Braun
Am-bulance, KAM Man-ufacturing, Life Star
Rescue, Na-tional Door & Trim and Elmco
Engineering. Today it is a thriv-ing part of
the industrial base for the area. For more
information on this or other industrial proper-
ties available, visit the economic development
website at
www.vanwertcounty-edg.com.
8/3/2019 Business Journal February 2012 B Section
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10B TheBusinessJournal February 2012
Meeting FacilitiesChoosing the right meeting space
However large or smallthe meeting, location is key.
Your environment, formal orinformal, helps set the neces-sary mood and ambiance forthe meeting to take place.Think about choosing a com-fortable, yet stimulating en-vironment that encouragesattendees to concentrate, butbeware of making it too cozyand relaxing that theyrelikely to fall asleep.
When thinking about
the right location, considerthe meeting objectives, thelength of the meeting and,of course, your budget. De-cide how appropriate/neces-sary/important it is to holdthe meeting on or off-site.For example, sometimes aneutral, off-site location isnecessary for confidential,top secret discussions.
Different types of loca-
tions to consider:1. Local off-site meetingspace
2. Out-of-town off-sitemeeting space
1. Local off-site meetingspace
When it comes to select-ing an off-site location, beit a local hotel conferenceroom, a restaurant or othermeeting space, your budget
will rule and determine theoutcome. To play it safe, al-ways inspect the space first-
hand before finalizing anydecisions. Make sure the
space is the right size for themeeting. You want to avoidmaxi-sizing, that is havinga space big enough to seat200 for a 20-person meeting.You only want to considervenues that are larger enoughto handle the event youreplanning. Much will dependon the number of participantsand the complexity and/orvariety of the program. Will
it be formal, informal orboth? Do you want a rural oran urban location? Chancesare that every event you planwill possibly meet differentcriteria, and thus have differ-ent space requirements.
2. Out-of-town off-sitemeeting space
This option is usuallyused for extra special meet-ings, such as sales meetings,
as costs will inevitably bemuch higher. These kinds ofmeetings may well last forseveral days so you want tomake sure that all necessarydetails are well taken care of.If you want to make it high onyour colleagues popularitypoll, consider using a resortfacility, as they usually offervarious enjoyable relaxationoptions, golf, swimming, fit-
ness center, etc. A site visit isessential so as to avoid anyunexpected surprises.
With this in mind, lets
look at the various venueoptions available to you:
HotelsConference centersConvention centersResortsRetreat centersCruise shipsUnique environmentsHotelsThese fall into three
main categories:
Well-known and estab-lished chains, such as Mar-riott, Hilton, Hyatt, Sheraton,Holiday Inn, that offer a cer-tain level of service that youcan expect worldwide. Theyoffer a wide range of ame-nities especially if you needroom for large banquets,trade show or exhibit areas.
Independently ownedproperties, such as those
belonging to the PreferredGroup, whose luxury hotelsand resorts offer a uniquecharacter, one-of-a kind am-bience, and provide the high-est standards of quality andextraordinary service.
Boutique lodgings ser-vice business travelers insearch of a home away fromhome. They are small luxuryhotels & resorts with indi-
vidual personalities - eclec-tic, quaint hotels housed inhistoric urban buildings or
romantic resorts with flow-ering gardens and beachside
villas. However, nice thesesound, you definitely needto check what meeting spacefacilities, if any, they offer.
Conference centersConference centers en-
compass a broad gamit ofvenues which are often pur-pose-built specifically formeetings and events and of-fer state-of-the-art facilities,many including videoconfer-
encing.Convention centersWhen youre looking for
a combination of an urbanlocation, plenty of meetingspace, and substantial ex-hibition space, then a con-vention center is a practicalsolution. Theyre geared uplarge numbers and generallysituated close to airports orin a convenient downtown
location.ResortsYoull probably only con-
sider a resort property if re-laxation and leisure activitiesrank high on your prioritylist.
Retreat centersThese generally work best
for smaller more focusedgroups who are looking fora quiet, serene meeting envi-
ronment.Cruise shipsThese make an interesting
and very different venue op-tion. There are a few compa-nies who specialize in cruisemeetings offering facilitiesworldwide for a wide varietyof groups.
Unique environmentsUnique environment dont
always make the best meet-ing spaces, but its worth do-ing your homework to findout. Some options to consid-er include museums, statelyhomes, (including castles inEurope), sporting venues,and theaters.
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underline
Courtyard by Marriott
936 Greely Chapel Road
Lima, OH
T 419.222.9000
Courtyard.com/Daycl
WE MAKE EVEN THE
SMALLEST
MEETINGS OUR
BIGGEST PRIORITY.
Courtyard by Marriott is the
perfect location for our local
neighbors to conduct group
meetings.
Come for the DayStay for the night
480 Moxie Lane, Delphos, OH 458331/4 mile East of Delphos on Lincoln Hwy. Easy access to Rt. 30
Phone 567-765-1500 Fax 567-765-1501
Email [email protected] www.microtelinn.com
Large meeting room Ample parking
FREE internet, long distance, cable TV
Easy to nd Continental breakfast
i i
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February 2012 TheBusinessJournal 11B
10 tips for choosinga meeting venue
If youre looking for somewhere differ-
ent to hold your office meeting, or want tomeet with clients or other companies for anevent, then youll want somewhere that haseverything you need.
Heres how to choose the perfect meet-ing venue.
1. Youll need to decide where you wantto hold your meeting. Will it be in the sametown or city as your company is based, orwill you choose somewhere central so thatits easy for all guests to reach?
2. Youll want to book early so that your
chosen venue is available when you need it.The popular places will book up soon, so ifyour meeting has to be on a certain day ofthe week, or at a certain time of year, youllwant to book as soon as you can.
3. Its important to check that the meet-ing venue you choose has all the facilitiesyou need. Does it cater for the number ofpeople in your meeting or conference? Aremeals and refreshments available? Are theyincluded in the cost, or will guests have topay themselves?
4. You might want to choose a locationthats away from your normal working en-
vironment. If you work in the city, why not
see if being in the country side can be inspi-rational, and help you think of new ideas?Would a round of golf before or after yourmeeting help your staff or guests to unwind,and be open to your ideas, or be more pro-ductive?
5. The room layout will need to be flex-ible, depending on the purpose of yourmeeting. If youre giving a talk to your staff,then youll want the seats to be laid out fac-ing the front. If youre splitting your guestsinto groups, then you might want separaterooms or areas for them to come up with
new ideas..6. Has the venue got the technology you
need? If you need a projector, or internetaccess, is this available as part of the cost,or will you need to pay for this in addition?Perhaps youll need video conferencing fa-cilities, or access to additional computers.Can the venue help you with this?
7. Youll want to choose somewhere rela-tively quiet so youre not interrupted. Per-haps youll want to choose a hotel with agood reputation that has the conference ormeeting facilities that you need.
8. Youll want to make sure that there are
additional facilities for after the meeting. Is
there a restaurant, or will staff have to goelsewhere to eat? Are there rooms to stayat the venue, or will guests have to book anearby hotel? What sorts of leisure facilitiesare available at the venue, or nearby?
9. Spending time out of the office can bea good way to help improve productivity.By being in a different environment, youraudience is more likely to listen to what youhave to say. You also encourage team build-ing and staff from different departments tospend more time with each other at a venueother than the office. If you want to impress
your clients, or show your staff that youvalue them, youll want to choose a suitablevenue.
10. Youll want to make sure that you getvalue for money and wont be paying forfacilities or extras that you dont need, butyou shouldnt choose a venue solely on cost.You wont want your staff or guests to moanabout the venue, or the fact that they had topay for everything.
Now you know more about how tochoose the right location, perhaps now isthe time to choose your next conference ormeeting venue.
U.S. office vacancies fell in the threemonths through December, extendinga yearlong recovery, as a dearth of newsupply helped counter sluggish economicgrowth, Reis Inc. said in a report today.
The vacancy rate dropped to 17.3 per-cent from 17.6 percent a year earlier and17.4 percent in the third quarter, the NewYork-based property research firm said.The fourth-quarter rate was the lowestsince the end of 2009, according to Reis.
After four quarters of squeezing outgains in occupancy, the office sector has
assuredly turned the corner and begunthe process of recovery, Victor Calanog,head of research and economics at Reis,said in the report. Still, given the sever-ity of the last downturn and the lacklusterpace of economic growth, it will be years
before the office sector climbs out of thehole.
Hiring by technology companies andthe energy industry helped offset cutbacksin government and financial services,shrinking office vacancies during the pastyear. The sluggish pace of job creationwill continue to temper demand for officespace, according to Reis.
Five-year leases that are coming upfor renewal in 2012 have a high likelihoodof being signed at lower rates, implyinga dilution in landlord incomes, Calanog
said in the report.Office landlords had a net gain in occu-
pancy of 5.25 million square feet (487,700square meters) in the fourth quarter, lead-ing to a net increase of 20.7 million squarefeet for the year. That compares with a net
loss of 16.7 million square feet in 2010,Reis said.
Lack of Supply
About 2.43 million square feet of newoffice space was completed in the fourthquarter, bringing the 2011 total to 12.3million square feet, the smallest annualspace increase in 15 years, according tothe report.
The lack of new supply has helpedbuoy leasing fees, Calanog said. The av-
erage effective rent, or what tenants paidafter landlord concessions, rose to $22.53a square foot in the fourth quarter from$22.10 a year earlier and $22.41 in theprevious three months, Reis said.
Office vacancies delineas economy recovers slowly
C t ti M t i l
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Lower materials prices make it more likely thatconstruction projects will move forward. - ABC ChiefEconomist Anirban Basu
SummaryIn a reflection of slumping, worldwide demand
for construction, materials prices fell 0.2 percent inDecember, according to the Jan. 18 Producer PriceIndex (PPI) report by the U.S. Department of Labor.Construction materials prices were down 0.9 percentin the fourth quarter but were 5.3 percent higher thanone year ago.
Steel mill prices fell 0.6 in December and weredown 1.3 percent for the quarter. However, steel millprices were still up 11.3 percent year over year. Soft-wood lumber prices decreased 0.4 for the month andwere 2 percent higher for the quarter, but were down0.4 percent for the year. Prices for nonferrous wire andcable slipped 0.1 percent for the month, were down 2.4percent in the fourth quarter, and were down 1.5 per-cent for the year.
In contrast, iron and steel prices jumped 1.3 percentin December representing the first monthly increasesince July. Iron and steel prices were down 1.2 per-cent for the quarter, but were still up 10.4 percent fromthe same time last year. Prices for prepared asphalt, tarroofing, and siding increased 1 percent for the month,were down 2.1 percent for the quarter, and were up2.6 percent year over year. Fabricated structural metalproduct prices increased 0.4 percent for the month,were up 1.2 percent for the quarter, and were up 5.5percent from December 2010. Prices for plumbing fix-tures and fittings inched up 0.3 percent in December,were up 0.6 percent for the quarter, and increased 2.6percent year over year. Concrete product prices wereup 0.3 percent for the month, up 1.3 percent for thequarter and up 0.9 percent from one year ago.
Crude energy prices slipped 0.1 percent in Decem-ber. However, prices were up 8 percent in the fourthquarter and finished the year 3.2 percent higher thanyear-end 2010.
Overall, the nations wholesale goods prices de-creased 0.1 percent for the month and were down 0.2percent for the quarter, but are 4.8 percent higher thanone year ago.
AnalysisThe ongoing decline in construction materials
prices has everything to do with Americas status asthe worlds largest and most important
safe haven for capital, said Associated Build-ers and Contractors Chief Economist Anirban Basu.Because of economic slowing in China, Brazil, India
and other parts of the emerging world combined withwell-publicized economic issues in Europe, capital isdisproportionately flowing to the United States.
This has created greater demand for the U.S. dol-lar, which in turn has increased the value of the dollaragainst many currencies, including the euro, Basu said.The increase in the value of the dollar helped producelast months 0.2 percent decline in construction inputprices and a 0.9 percent decline for the quarter.
Naturally, the slowdown in various world econo-mies also contributes to less demand for constructioninputs and softening input prices, said Basu. While itis possible for construction input prices to begin risingagain, there is little chance of a spike in these prices ab-sent a major geopolitical event. This is good news for
the nonresidential construction industry because lowermaterials prices make it more likely that constructionprojects will move forward.
One significant exception to the general trend offalling materials prices was the rise in iron and steelprices, Basu said. In this category, prices were up 1.3percent for the month, but this appears to have more todo with weather-related supply interruptions in Braziland less to do with economic fundamentals.
Construction Materials
Prices Decrease 0.2%
in December