Spa Catawba expanding operations...The new 5,800 square foot facility will be in Dan-bury Township, centrally located between Port Clin-ton, Catawba Island, and Lakeside/Marblehead

Pioneer Railcorp set for $8.2M projectpage 5

www.toledobiz.com FEBRUARY 2021 Vol. 37, No. 02 • $2.25

Spa Catawba, a small day spa operating since Au-gust 2019, is relocating to a new, larger facility at 140 South Bridge Road in Marblehead from its current lo-cation at 3981 East Knoll Crest Drive in Port Clinton. The new 5,800 square foot facility will be in Dan-bury Township, centrally located between Port Clin-ton, Catawba Island, and Lakeside/Marblehead.

Spa Catawba president Stephanie Sprenger said this move will help expand its current offerings and offer better accessibility to the local community.

“The expansion and new building have always been the vision for Spa Catawba,” Sprenger said. “I decided to open the current location while we searched for the perfect location for the spa and

Spa Catawba expanding operations

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INSIDE THIS ISSUE:DEVELOPMENT NEWS ................................... 2BUSINESS INSURANCEBUSINESS LIST .................................................. 4NEWS IN BRIEF ................................................. 7FINANCIAL SERVICES & TAX ...................... 8REAL ESTATE .................................................. 17CLASSIFIEDS .................................................. 19

Published twice a month, CREDIT WATCH will provide invaluable help to your business. It identifies area companies – including customers, suppliers, competitors, and others – that are involved in litigation, liens, bankruptcy, and other legal actions.

For more info, please scan the QR code or visit toledobiz.com

Lewco placing $12M in Ottawa Co.

Shutterfl y investing $23M in Galion

Shutterfl y’s facility located in Galion, Ohio

Rendering of Spa Catawba’s new facility being constructed in Marblehead

Lewco will take over a large portion of an historic facility in Port Clinton

(…continued on page 16)



Investment to create 100 new jobs and enhance product off eringsShutterfly, a large personalized pho-

tography product company, is investing over $23 million over three years to en-hance product offerings at its Galion loca-tion. The company, which already employs nearly 200 people at the Crawford County site, expects to add another 100 new jobs through this expansion project.

“Our business is deeply connected to the local labor market and the Galion commu-nity, and we’re pleased to provide stabili-ty for current employees while expanding in the future,” said Dave Bull, Shutterfly

Company to create 163 new jobs to support its e-commerce growthLewco, Inc., a manufacturer of industrial ov-

ens and unit handling conveyors, will take over a large portion of a historical facility in Port Clinton’s Lake Erie Business Park. The com-pany will invest nearly $12 million and cre-ate 163 new positions to support its signifi cant growth being driven by e-commerce.

Jobs will be added over the next three years, and include engineers, project managers, weld-ers, and assemblers, as well as required sup-port personnel.

With offers made to expand outside Ohio,

Financial Financial ServicesServices& Tax& Tax page 8page 8

SSOE Group acquires Stevens & Wilkinson

page 15

2 · TOLEDO BUSINESS JOURNAL · FEBRUARY 2021 DEVELOPMENT NEWS

wellness center. With the current location, we offer the area a place to experience a small sampling of what the new facility will offer.”

According to Sprenger, the expansion was necessary to continue to serve the needs of the local community, including residents and those who visit the area during the summer season. This new upscale destination will offer a complete wellness and day spa experience – something the local area didn’t have until Spa Catawba opened.

“This area has experienced significant growth in the past few years that has been

spurred by the revitalization of multiple local communities along the lakeshore. In our lo-cal area, we have seen a shift in demograph-ics from a large population of traditional snow-birds to people staying in the area all year or only going south for a month or two,” Sprenger explained. “The increased year-round residen-cy opens up opportunities for more businesses to thrive in the area. I saw a need for a day spa and set the plans in motion three years ago. I am very excited for what the future will bring. I love what I do – it is a dream come true.”

The project began in October 2020 and is expected to be complete in early May 2021. Janotta & Herner is the general contractor on this project fi nanced by GenoaBank.

According to Spa Catawba, its mission is to promote and provide a whole-body wellness

experience by creating an environment of re-laxation and well-being. Services at the exist-ing location include massage therapy, facials, anti-aging treatments, and limited holistic wellness services such as refl exology and po-larity therapy.

The new spa facility will consist of four treatment rooms, a waiting / relaxation lounge, a couples’ suite, and a lash and brow room. The relaxation lounge will include complimentary beverages and light snacks.

It will also offer an expanded array of well-ness services, while adding body treatments, detox, weight loss and nutritional programs, and holistic health and wellness amenities like the use of a photobiomodulation pod for pain management and muscle recovery. The spa is the only provider in the Catawba and sur-rounding area offering advanced, non-invasive

anti-aging procedures and wellness offerings like a sensory deprivation fl oat pod and infra-red sauna, noted Sprenger.

There will also be classroom that will be used for various offerings including Yoga, Nia, and Pilates classes and for educational pro-grams. This room will be equipped with the latest audio/visual (AV) equipment and will also be available to rent by the public for var-ious types of events, such as parties, corporate events, or retreats.

“The most exciting thing the expansion allows us to do is offer whole body wellness through a combination of our services, modal-ities, and programs. At Spa Catawba, we take the time to understand our customers and pro-vide best-in-class service to help them achieve their desired results,” said Sprenger.

The new spa facility will offer local res-idents and tourists the opportunity to enjoy various wellness day spa amenities not cur-rently available locally, noted Sprenger. Indi-viduals will no longer have to drive to Cleve-land or Toledo to enjoy the latest in anti-aging treatments or wellness programs.

According to Sprenger, Spa Catawba will also offer some related items for sale in the spa retail area. Some of these items include an or-ganic make-up line, natural candles, soaps, lo-tions, balms, jewelry, and spa clothing. The spa plans to collaborate with other local businesses to supply these items when available.

“This part of the overall project is consid-ered phase one. Additional phases include ex-pansion of square footage to accommodate other spa and wellness offerings, including a fully equipped commercial kitchen for nutri-tional education and cooking classes, offi ces to accommodate wellness providers, a walk-ing path, and an outdoor courtyard for medi-tation and relaxation,” said Sprenger.

Spa Catawba expects to add 8-10 part-time and full-time positions due to the expansion.

“Customers are our number one external focus, with our employees being our number one internal focus. When I decided to open Spa Catawba, I was adamant that everyone working there would be an employee and not an independent contractor. This type of em-ployment structure provides individuals with benefi ts that independent contractors are not entitled to and that was very important to me. I believe that by taking care of our employees, they will in turn take excellent care of our cus-tomers. This was one of our founding princi-ples and it has been working out very well,” said Sprenger.

“I have been overwhelmed by the embrace we have received from the local communi-ties, Sprenger said. “Spa Catawba’s mission is

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Spa Catawba…Continued from page 1

In-progress construction of Spa Catawba’s new facility


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A FREE Virtual EventThursday, March 11, 2021

Northwest Ohio: Build Your Business. Love Your Life.Northwest Ohio: Build Your Business. Love Your Life.

For more information, visit nored.orgor contact [email protected] or 419-260-5202

COUNTY & CITY MEMBERSERIKA WILLITZER,

EXECUTIVE DIRECTORDEFIANCE COUNTY ECONOMIC DEVELOPMENT

1300 E SECOND STREET · DEFIANCE, OH 43512PH: (419) 784-4471 · FX: (419) 784-4157

[email protected]

TIM MAYLE, DIRECTOR

FINDLAY-HANCOCK COUNTY ECONOMIC DEVELOP.123 E MAIN CROSS ST · FINDLAY, OH 45840

PH: (419) 422-3313 · FX: (419) [email protected]

MATT GILROY, EXECUTIVE DIRECTOR

FULTON COUNTY ECONOMIC DEVEL. CORP.9460 COUNTY ROAD 14 · WAUSEON, OH 43567


APRIL WELCH, DIRECTOR

HENRY COUNTY CIC104 EAST WASHINGTON ST, STE 301 · NAPOLEON, OH 43545


MEGAN VAHEY CASIERE, CHIEF, DEPT. OF PLANNING & DEVELOPMENT

LUCAS COUNTY PLANNING & DEVELOPMENTONE GOVERNMENT CENTER, STE 800 · TOLEDO, OH 43604


CHRIS SINGERLING, ECONOMIC DEVELOPMENT DIRECTOR

OTTAWA COUNTY IMPROVEMENT CORPORATION8043 W SR 163, STE 100 · OAK HARBOR, OH 43449

PH: (419) 898-6242 · FX: (419) 898-6244

TIM COPSEY, DIRECTOR

PAULDING COUNTY ECONOMIC DEVELOPMENT101 EAST PERRY · PAULDING, OH 45879PH: (419) 399-8282 · FX: (419) 399-8284

[email protected]

BETH HANNAM, EXECUTIVE DIRECTOR

SANDUSKY COUNTY ECON. DEV. CORP.2511 COUNTRYSIDE DR, STE C · FREMONT, OH 43420


DAVID ZAK, PRESIDENT & CHIEF EXECUTIVE OFFICER

TIFFIN-SENECA ECONOMIC PARTNERSHIP19 W MARKET ST, STE C · TIFFIN, OH 44883


STACY ADAM, EXECUTIVE DIRECTOR

VAN WERT AREA ECONOMIC DEVELOPMENT CORP515 E MAIN ST · VAN WERT, OH 45891

PH: (419) 238-2999 · FX: [email protected]

MEGAN HAUSCH, EXECUTIVE DIRECTOR

WEDCO1245 E HIGH ST · BRYAN, OH 43506


WADE GOTTSCHALK, EXECUTIVE DIRECTOR

WOOD COUNTY ED COMMISSION639 S DUNBRIDGE RD · BOWLING GREEN, OH 43402


KATI THOMPSON, EXECUTIVE DIRECTOR

BOWLING GREEN ECONOMIC DEVELOPMENT221 S CHURCH ST · BOWLING GREEN, OH 43402


BOB GROSS, ECONOMIC DEVELOPMENT

CITY OF FREMONT323 SOUTH FRONT ST · FREMONT, OH 43420


BRIDGETTE KABAT, CITY ADMINISTRATOR

CITY OF PERRYSBURG201 W INDIANA AVE · PERRYSBURG, OH 43551


BILL SANFORD, ECONOMIC DEVELOPMENT/ADMIN. SERVICES

CITY OF SYLVANIA6730 MONROE ST · SYLVANIA, OH 43560PH: (419) 885-0482 · FX: (419) 885-8927

[email protected]

BRANDON SELHORST, COMMISSIONER OF ECONOMIC DEVELOPMENT

CITY OF TOLEDOONE GOVERNMENT CENTER, STE 2250 · TOLEDO, OH 43604


RENEE SMITH, PRESIDENT

FOSTORIA ECONOMIC DEVELOPMENT CORP342 PERRY ST · FOSTORIA, OH 44830

PH: (419) 435-7789 · FX: [email protected]

SOMMER SVRIZELAAR, EXECUTIVE DIRECTOR

OREGON E.D. FOUNDATION4350 NAVARRE AVE, STE C · OREGON, OH 43616


AnOPEN INVITATIONto community leaders and

business professionalsthroughout northwest Ohio and

southeast Michigan…

TOPIC:TOPIC:

ECONOMIC ECONOMIC GROWTH GROWTH DEFEATS DEFEATS COVID-19COVID-19

Join us for the

NOREDAnnual Meeting.

A Virtual Event

2021 2021 NORED NORED ANNUAL ANNUAL MEETINGMEETING

Published 2/21; List includes only those P&C Insurance Brokerage Companies that responded by deadline; *Serving Northwest Ohio and Southeast Michigan; ** Other Partners: Cameron Caryer, Eric Weber, Rachel Moll, and Kristi Sizemore

# of Licensed Agents*

Year Founded Top Local Officer/Title Types of Insurance Offered Companies Represented Other Services Offered

American Casualty Insurance6060 Renaissance Pl, Ste I · Toledo

5 1984 Diane M. Light, President

P&C; Life; Health Auto-Owners; Grange; State Auto; Hanover; Progressive —

Anderson/ Miller Insurance4149 N Holland-Sylvania Rd, Bldg 1, Ste 3 · Toledo

4 1982 Kathy White, President

P&C; Business; Life Grange; Auto-Owners; Progressive; Others —

Beck Insurance Agency, Inc.120 N Defiance St · Archbold

8 1948 Joseph Beck, Vice President

Home; Auto; Business; Farm; Flood; Life; Public Entities; Long Term Care; Trucking; Senior Products

Auto-Owners; Acuity; Celina; Pekin; Liberty Mutual; ASI; Safeco; Progressive; Ohio Plan; Ohio School Plan; Others

—

Brown & Brown of Ohio, LLC360 Three Meadows Dr · Perrysburg

21 1975 Ben Goff, Executive VP

All Commercial Lines & All Personal LinesCNA; Berkshire Hathaway; Frankenmuth; Grange; Liberty Mutual; Philadelphia; Chubb

Ins.; Progressive; Hartford; Travelers; UFG Ins.; USLI; Nationwide; WestfieldEmployee Benefits

First Insurance Group5520 Monroe St, Ste A · Sylvania

24 1946 John Payak, Executive Vice President / Agent

Property & Casualty; Employee BenefitsAuto-Owners; Central Mutual; Chubb; Cincinnati; Grange Mutual; Liberty Mutual;

Progressive; RT Specialty; Motorist Mutual; Travelers; West Bend Mutual; WestfieldHR Consulting; Individual &

Medicare Sales; Risk Management

Frost Insurance Agency 620 Scott St · Napoleon

7 1945Jeff Boulton, Pres/Partner; Chris

Peper, VP/Partner; Other Partners**Business & Commercial; Farm; Home;

Auto; Watercraft; RentersCincinnati; Westfield; Auto-Owners; Nationwide; Hastings Mutual; Indium; Hagerty;

Foremost; Progressive; Cincinnati Specialty Underwriters; Specialty BrokerageIndividual Life; Group Benefits;

Group Life; Group Health

Fuller & Sons Insurance Agency5660 Southwyck Blvd · Toledo

4 1982 Brian Fuller, CIC Home; Auto; Umbrella; Life; Flood; Business; Bonds; BoatAuto-Owners; Progressive; Liberty Mutual; Grange; Celina; American Modern;

Foremost; Burns & Wilcox; Safeco; Hagerty—

Great Lakes Insurance Partners Inc.5215 Monroe St, Ste 2 · Toledo

8 2004 Andrew Gallegos, President

All Lines of P&C; Personal; Commercial; Transportation; Pizza Franchisers

Grange; Hanover; Travelers; Hartford; Merchants; Acuity; RLI; West Bend Mutual; others

All Types of Bonding Services

Hitchings Insurance717 N Main St · Findlay

7 1968Lee Hitchings, Managing Partner; Ryan Pessell, Managing Partner

Home; Auto; Renters; Commercial; Umbrella Liability; Long Term Care; Life; Agribusiness; Farm, Crop; Health; Dental; Vision

Westfield; Ohio Mutual; Central; Med Mutual; Molina; Dearborn National; Safeco; Anthem; Aetna; VSP; Gleaner; Humana; Paramount; Renaissance & Superior Dental

Individual & Group Health Benefits

Huntington Insurance, Inc.519 Madison Ave · Toledo

20 1898 Stacey Dunbar, VP Regional Sales Director

Risk Management; P&C; Employee Benefits; Life; Personal Lines

Most Insurance CarriersLoss Mitigation; Claims Support;

Advanced Life Planning

Hylant - Corporate Headquarters811 Madison Ave · Toledo

26 1935 Michael M. Hylant, CEO

All Lines of Ins Coverages: Risk Mgmt; Large & Small Commercial; Personal Ins; Employee Benefits

Most Insurance CarriersSmall Commercial; Professional

Liability; Healthcare

Lauber Insurance Group Inc108 N Defiance St · Archbold

10 1980 Brad L. Rupp, President / Owner

Auto; Home; Business; Life Most Insurance Carriers Including Erie InsuranceInsuring Apartment Complexes

& Condos

Martin & Lark Insurance Agency Inc.1265 N Dixie Hwy · Rossford

7 1936 Rick Reichow, President

Auto; Home; Life; Business; Bid; Performance Bonds; Probate Bonds; Recreation

Auto-Owners; FCCI Surety; Foremost; Frankenmuth; Grange; Philadelphia; Progressive; Travelers; Others

—

McClure Insurance Group1302 Conant St, Ste A · Maumee

11 1998 Matt McClure, President

Business; Home; Auto; Life; Financial Multiple CarriersProfessional Liability;

Surety Bonds

Modene Insurance Agency, Inc.27457 Holiday Ln, Ste M · Perrysburg

4 1994 Dave Modene, President

Auto; Home; Business; Life Erie; Grange; Auto-Owners; Progressive —

Oswald Companies5671 N Main St, Ste 202 · Sylvania

10 1893 Michael Casey, Vice President

P&C Multiple CarriersEmployee Benefits; Retirement Planning Services; Specialty Life

Roth Insurance Agency, Inc.2425 S Detroit Ave · Maumee

8 1961 R. Jay Roth, President

Personal & Commercial; Life; Security BondsGrange; Auto-Owners; Erie; Progressive; Ohio Mutual; Grange Life;

Kansas City Life; Erie Family Life; Auto-Owners Life; Travelers Casualty & Surety—

Savage-McVicker Insurance, Inc.4331 Keystone Dr, Ste C · Maumee

18 1957 Scott E. McVicker, President / CEO

Personal & Business Insurance; Bonding; Workers Compensation

Multiple CarriersRisk Management;

Loss Control Services

UIS Insurance & Investments51 S Washington St · Tiffin

105 1924 Mitch Felton, Chairman, President, Agent

Commercial: Personal; Life; Group BenefitsAllied; Central; Cincinnati; CNA; EMC; FCCI; Frankenmuth; Grange; Hastings; Liberty Mutual; Ohio Mutual; State Auto; Travelers; UFG; Westfield; Med Mutual; Anthem

Financial Services

Area Business Insurance Brokerages: Property & CasualtyListed by Brokerage Name

NSG Group installs power-generating windowsNorthwood site will use the BIPV system to power exterior signage and lighting

In May 2019, a joint development agreement between NSG Group’s subsidiary, Pilkington North America, and Ubiquitous Energy (UE), a developer of transparent so-lar technology, was created to jointly develop transpar-ent solar windows.

A fully transparent, energy-generating window fea-turing UE Power™, UE’s transparent photovoltaic (PV) technology, was recently installed at the NSG facility in Northwood, Ohio. This building integrated photovoltaic (BIPV) technology transforms an average window into a solar cell that generates electricity.

UE’s transparent photovoltaic coating adds an invisi-ble element of power generation by capturing non-visible wavelengths and creating a window that acts as a pho-tovoltaic cell without obstructing the view. UE Power™ collects and transmits electricity through an onboard system built discreetly into the window frame. The col-lected electricity is then transferred to a battery capa-ble of powering a variety of products and increasing the overall energy effi ciency of a building. These windows can be used in addition to solar cells on a rooftop, as they exponentially increase the area available for pow-er generation on a large building by enabling the full facade to collect energy, noted offi cials.

In addition to generating power, the UE Power™ in-stallation in Northwood takes a wide variety of techni-cal data points from the site, such as wind speed, light exposure, and outside temperature. In a full installa-tion, the data could then be used to integrate with the building’s system controls to determine how to best utilize the power in the operation of the building. The Northwood site will use the BIPV system to power ex-terior signage and lighting. In the future, a larger in-stallation could potentially offset signifi cant building power consumption.

NSG, according to the company, has a history of technology innovation and is excited about the future of this BIPV technology, its partnership with Ubiqui-tous Energy, the benefi ts for consumers and building occupants, and the impact on meeting building de-mands of the next decade.

NSG Group (Nippon Sheet Glass, Co., Ltd. and its group companies) is one of the world’s largest man-ufacturers of glass and glazing products for the ar-chitectural, automotive, and technical glass sectors. With around 27,000 employees, NSG Group has prin-cipal operations worldwide and sales in over 100 countries.Exterior view of NSG Group’s new power generating windows

DEVELOPMENT NEWS FEBRUARY 2021 · TOLEDO BUSINESS JOURNAL · 5

Show Our Readers Show Our Readers How Your Facility How Your Facility

Can HelpCan HelpTheir FamilyTheir Family

Enjoy the Next Enjoy the Next Stage of Life inStage of Life in

For Advertising Info: 419.865.0972Space Reservation: 02.18.21

Coming Next Month in

Senior Living Senior Living Communities &Communities &Skilled Nursing FacilitiesSkilled Nursing Facilities

Pioneer Railcorp set for $8.2M projectCompany received $4.1M CRISI grant from US DOT to support growth in Ohio and Indiana

Pioneer Railcorp will receive $4.1 mil-lion to invest in the infrastructure of the Na-poleon, Defi ance & Western Railway Co. (NDW). Senator Rob Portman and Senator Sherrod Brown of Ohio announced the award to the Ohio Rail Development Commission (ORDC) to fund the Napoleon, Defi ance & Western Critical Safety Upgrade project. This funding is awarded as part of the US Depart-ment of Transportation’s (DOT) fi scal year 2020 Consolidated Rail Infrastructure and Safety Improvements (CRISI) grant round.

The CRISI award will fund 50% of proj-ect costs, with $3,862,452 (47%) matched by the NDW and $250,000 (3%) by ORDC. The work is anticipated to begin in spring 2021.

“The project will replace 10 miles of rail and 29,000 railroad ties across 29 miles of rail line between Defi ance and Woodburn, Indiana, which will vastly improve the con-dition of the rail line, permit trains to move more effi ciently, and greatly improve safe op-erations,” said Alex Yero, CEO of Pioneer Railcorp. “Improving the quality of the line directly benefi ts customers who use rail ser-vice. Those customers will have improved access via the Napoleon, Defi ance & West-ern Railway to the Class I railroads (CSX and Norfolk Southern) that take their prod-ucts across the country.”

BRX Transportation Holdings acquired NDW and its parent company, Pioneer, in 2019. Since that time, Pioneer, NDW, and

ORDC have worked to improve tie condition and the safety and effi ciency of the line.

“Like many short line railroads, the NDW suffered from years of deferred maintenance before it was purchased by Pioneer Railcorp.

Over the last several years, Pioneer has part-nered with the Ohio Rail Development Com-mission to do work to improve tie condition, but the line really needed a more substan-tial infl ux of capital. The CRISI grant pro-gram was a good opportunity provided by US DOT for Pioneer to partner with ORDC and leverage federal funds to revitalize the NDW,” said Yero.

Yero noted that with an improved track,

the railroad will be able to handle carloads more effi ciently for its customers. Custom-ers ship food products, aggregates, plas-tics, fertilizer and building products on the NDW line.

“The project has unprecedented support from the economic development associations in the region due to the potential for growth as a result of the project. Specifi cally, the

Defi ance Mega Site and Napoleon Trans-load Facility will become more attractive to rail shippers as a result of the project,” said Yero.

Yero anticipates that customers will in-crease the amount of freight that they are

transporting via rail, as well as attracting new customers on the line and providing jobs to the local communities.

“The Napoleon Defi ance & Western is strategically located for US manufacturers in a key logistics corridor in Ohio and Indi-ana with tremendous growth potential, but has been hamstrung for years by poor tie and rail conditions,” Yeros said. “The CRISI grant, combined with funding from ORDC and NDW, will dramatically improve safe-ty and effi ciency on NDW. We are proud to partner on this project with US DOT secre-tary Elaine L. Chao, US Senators Portman and Brown, Representative Bob Latta, Rep-resenative Jim Banks, Federal Railroad ad-ministrator Ronald Batory, and the honorable commissioners and staff of ORDC and thank them for the leadership to grow rail service in northwestern Ohio. Their dedication to safe, effi cient, and modern railroad infrastructure is directly supporting jobs and the economy in Ohio, Indiana and across the US.”

Headquartered in Denver, Colorado, Pi-oneer owns and operates 16 short-line rail-roads and several other railroad related busi-nesses. Pioneer operates over 600 miles of track in 12 states and safely and effectively serves 100-plus customers transporting a va-riety of commodities including: agricultural commodities, food products, iron and steel, plastics, chemicals, building and forest prod-ucts, noted the company.

Pioneer Railcorp will replace 10 miles of rail and 29,000 railroad ties across 29 miles of line


AS WE CONTINUE TO CELEBRATE IN 2021

For the last 125 years, the Lathrop Company has

had the honor of building Toledo's future. A lot

has changed since our founding in 1895, but our

values, vision and dedication have remained the

same. As we continue to celebrate this milestone

in 2021, we will reflect on who we are, what we’ve

done and how we’ve played an integral role in the

building of Toledo’s past, present and future.

Join us at www.lathrop125.com

Ohio settles with charity that used veterans to get richOhio Attorney General Dave Yost has

agreed to a multistate settlement with an or-ganization that claimed to help wounded vet-erans of wars in Iraq and Afghanistan, but instead lined the pockets of the family be-hind the charity.

Healing Heroes, based in Florida, and its founders, Stacey and Allan Spiegel and their son Neal Spiegel, agreed to settle with 11 states where they solicited donations with bo-gus promises and misleading fundraisers.

“Ohioans always answer the call when our veterans need help and thought they were doing so here,” Yost said. “But this wasn’t a

charity. It was a disgraceful sham and we shut it down.”

Hero Giveaways, LLC, the business be-hind the charity formed by the Spiegel fam-ily, became the subject of a multistate investi-gation into its use of deceptive charitable so-licitations including misleading sweepstakes mailers and telemarketing campaigns.

The investigation by Yost’s Charitable Law Section revealed that Ohio donors con-tributed an estimated $525,544 between 2015-2017 as a result of deceptive sweep-stakes mailers and telephone solicitations.

The organization promised to use

donations to help wounded veterans of the wars in Iraq and Afghanistan receive medi-cal treatments that the Department of Veter-ans Affairs did not readily provide.

The charity also falsely claimed on social media in 2016 and 2017 to dedicate 100% of proceeds to wounded veterans. The inves-tigation revealed that very little of the char-itable contributions received by the Healing Heroes Network, Inc. were used to further that charitable mission.

Instead, donations were used to pay pro-fessional fundraisers, online advertising fees, the salaries of Stacey Spiegel and her son, Neal Spiegel, and to purchase t-shirts from another family’s member’s t-shirt business.

The settlement requires Healing Heroes Network, Inc. and Hero Giveaways, LLC to permanently cease all charitable solicita-tions, and the Spiegel family has agreed to pay $95,000 in monetary damages.

The money will go to a veterans’ char-ity whose mission matches the representa-tions made by Healing Heroes Network, Inc. when they were soliciting donations from the public.

The Spiegels are also subject to a fi ve-year ban from overseeing, managing, or so-liciting charitable contributions for any non-profi t organization.

Ohio, along with Florida, Oregon, Illi-nois, Maryland, Minnesota, Missouri, New Mexico, California, Virginia, and Washing-ton are part of the settlement agreement an-nounced this week.

This legal action is part of Operation Do-nate With Honor, a nationwide consumer pro-tection law enforcement program to combat veterans’ fundraising fraud through educa-tion and enforcement.

Operation Donate with Honor was coor-dinated in 2018 by the Federal Trade Com-mission (FTC) and the National Associa-tion of State Charities Offi cials. The pro-gram targets fraudulent charities and groups that claimed to be helping veterans, but in-stead enrich the charities’ founders and pro-fessional fundraisers.

Drum UpDrum UpSome Leads.Some Leads.

NEW BUSINESS OWNERS ARE VITAL TARGETS NEW BUSINESS OWNERS ARE VITAL TARGETS FOR YOUR COMPANY’S PRODUCTS AND SERVICES!FOR YOUR COMPANY’S PRODUCTS AND SERVICES!

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to promote and provide a whole-body wellness experience by creating an en-vironment of relaxation and well-be-ing. We continually research the lat-est advances in holistic wellness and pride ourselves in the endless pur-suit of treatments and programs that can help everyone achieve their total body wellness goals. Every day brings new adventures, and I love every min-ute of it.”

Spa Catawba’s location in Port Clin-ton will remain open until the new lo-cation begins operations.

Spa Catawba…Continued from page 2


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Rudolph Libbe Inc.Rudolph Libbe Inc., a Rudolph Libbe

Group company, has promoted two senior managers.

Tim Alter has been appointed chief executive offi cer, and Jeff Schaller has been promoted to president of Rudolph Lib-be Inc.

Alter joined GEM Inc., another Rudolph Libbe Group company, in 1983, serving in a number

of leadership roles before being named pres-ident of Rudolph Libbe Inc. in 1998.

Schaller joined Ru-dolph Libbe in 1986, holding various roles in preconstruction op-erations and serving as general manager of the company’s Michigan office and vice presi-dent of preconstruction

operations before being named executive vice president in 2019.

The Ashley GroupKris Ruble has joined The Ashley Group

(TAG) in the role of worksite products spe-cialist. Ruble will devel-op the company’s work-site products offerings, such as ancillary or vol-untary insurance.

Ruble joined TAG from his most recent po-sition as a career sales associate with AFLAC, where, according to the fi rm, he excelled in forg-ing relationships with many employers in northern Ohio and gained valuable industry knowledge.

The Ashley Group was founded in 2002 to provide local businesses with strategic solu-tions for their employee benefi ts. The Ashley Group educates employers and employees on how to get the most value from their benefi ts package, performs in-depth fi nancial analysis for long-term cost-saving strategies, and ad-vises on compliance and regulations relating to health insurance and ancillary benefi ts. The Ashley Group has offi ces in Sandusky, Fre-mont, Maumee, and Medina.

Ballreich Snack Food Company, LLC

Tom Miller has been named president of Ballreich Snack Food Company, LLC. Miller has served as general manager / vice president of operations for the organization since early 2020 and his role will now be expanded.

Miller has over 30 years of experience in the manufacturing arena and previously

worked in the glass and plastics industries sup-plying food manufac-turers. According to the company, his strong op-erational expertise and business acumen are key to continuing Ballreich’s resurgence in the snack industry.

Miller replaces Steve Dandurand, who will be joining the board of directors and will serve as the fi nancial liaison between the inves-tor group and management. Dandurand will also continue to lead a group of local inves-tors who came together to purchase the com-pany in April 2019.

In other board changes, Don Mennel turned over the chairman role to Hal Hawk. Mennel has chaired the board since April 2019 and was instrumental in getting the new com-pany organized. Duane Jebbett is also com-pleting his term on the board and will be re-placed by Steve Schult, retired tax partner of Gilmore Jaison Mahler, LTD.

Neighborhood Properties, Inc. Lynnette Hair has been named executive

director of Neighbor-hood Properties, Inc. (NPI). Hair joined NPI in 1995 as a housing sup-port specialist and has held several positions over the years.

NPI provides perma-nent supportive housing for those struggling with mental health illness and

addiction. NPI owns 500 apartments in 60

locations in the greater Toledo area and re-cently opened a Wellness and Recovery Cen-ter, the fi rst of its kind in northwest Ohio.

Hair will be responsible for leading a team of more than 50 and overseeing the care of NPI’s 500-plus tenants, in addition to NPI’s Wellness and Recovery Center.

Premier Bank Jennifer Bidlingmyer has been promoted

to senior vice president, treasury management sales director of Premier Bank. Bidlingmy-er joined the bank in 2012 and has served in various leadership roles in treasury manage-ment and retail / business banking. She most

recently served as trea-sury management sales team leader.

In her new role, Bidlingmyer will lead the treasury manage-ment line of business strategy and sales pro-cess to consistently meet growth and profi tability objectives. According to Premier Bank, she will

continue to leverage the experience and rela-tionships gained over her nearly 20 years of banking experience and her track record of building successful sales teams to increase revenue while growing the bank’s presence across the market areas.

Bidlingmyer earned a Bachelor’s degree in fi nance from the University of Akron and holds a certifi ed treasury professional (CTP) designation. She is actively involved in her community serving as treasurer for the Bar-berton Community Foundation.

Kris Ruble

Tom Miller

Lynnette Hair

Jennifer Bidlingmyer

Tim Alter

Jeff Schaller(…continued on page 10)

8 · TOLEDO BUSINESS JOURNAL · FEBRUARY 2021 FINANCIAL SERVICES & TAX

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New PPP loans to be tax deductibleIn late December, the Consolidated Ap-

propriations Act, 2021 was passed by Con-gress and signed into law. This legislation included the COVID-related Tax Relief Act of 2020, which provides for the full deduct-ibility of ordinary and necessary business expenses that are paid with a forgiven or forgivable PPP loan.

While the IRS is requiring that PPP loan funds received during the fi rst round of this program (spring / summer 2020) are tax-able, the recent legislation will allow com-panies to avoid taxation on the new PPP loans that they receive in 2021 if they are approved for forgiveness.

The Paycheck Protection Program (PPP) reopened the week of January 11 for new borrowers and certain existing PPP borrow-ers, according to the US Small Business Ad-ministration (SBA) in consultation with the Treasury Department.

To promote access to capital, initially only community fi nancial institutions were

able to make First Draw PPP Loans on Janu-ary 11, and Second Draw PPP Loans on Jan-uary 13. The PPP opened to all participat-ing lenders shortly thereafter. Updated PPP guidance outlining program changes to en-hance its effectiveness and accessibility was released on January 6 in accordance with the Economic Aid to Hard-Hit Small Busi-nesses, Non-Profi ts, and Venues Act.

According to the SBA, this round of the PPP continues to prioritize millions of Americans employed by small businesses by authorizing up to $284 billion toward job retention and certain other expenses through March 31, and by allowing certain existing PPP borrowers to apply for a Sec-ond Draw PPP Loan.

“The historically successful Paycheck Protection Program served as an econom-ic lifeline to millions of small business-es and their employees when they needed it most,” said outgoing SBA administrator Jovita Carranza. “This guidance builds on

the success of the program and adapts to the changing needs of small business own-ers by providing targeted relief and a sim-pler forgiveness process to ensure their path to recovery.”

“The Paycheck Protection Program has successfully provided 5.2 million loans worth $525 billion to America’s small busi-nesses, supporting more than 51 million jobs,” said Treasury Secretary Steven T. Mnuchin. “This updated guidance enhances the PPP’s targeted relief to small businesses most impacted by COVID-19. We are com-mitted to implementing this round of PPP quickly to continue supporting American small businesses and their workers.”

Key PPP updates include:• PPP borrowers can set their PPP loan’s

covered period to be any length between eight and 24 weeks to best meet their busi-ness needs

• PPP loans will cover additional ex-penses, including operations expenditures,

property damage costs, supplier costs, and worker protection expenditures

• The program’s eligibility is expanded to include 501(c)(6)s, housing cooperatives, and direct marketing organizations, among other types of organizations

• The PPP provides greater fl exibility for seasonal employees

• Certain existing PPP borrowers can re-quest to modify their First Draw PPP Loan amount

• Certain existing PPP borrowers are now eligible to apply for a Second Draw PPP Loan.

A borrower is generally eligible for a Second Draw PPP Loan if the borrower:

• Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses

• Has no more than 300 employees• Can demonstrate at least a 25% reduc-

tion in gross receipts between comparable quarters in 2019 and 2020

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A Perrysburg-based company, Trainco Truck Driving Schools, has obtained fi nancing at an im-portant time that will allow it to continue its growth. By structuring a mix of fi nancial products and services, needs of this growing compa-ny are being supported in or-der to position it to serve an expanding client base.

Trainco worked with Dan Saad of The Citizens Nation-al Bank of Bluffton. First, mort-gage fi nancing was provided in order to refi nance the company’s property. Saad was also able to assist the company with securing a Small Business Administration (SBA) Pay-check Protection Program (PPP) loan along with truck fi nancing. In addition, two impor-tant fi nancial support products were s e t up – cash management and merchant process-ing services.

According to Saad, the total for all of the fi -nancing was $951,795.

“The fi nancing helped the company by being able to provide all of their fi nancial needs at one fi nancial institution – whether it was a building, equipment, account, or even merchant process-ing. In a great rate environment, we were able to consolidate their loans and payments and in-

crease their monthly cash fl ow, which is espe-cially important for businesses this last year,” ex-

plained Saad. “We were also able to help them take advantage of the SBA PPP pro-

gram, which alone resulted in almost $200,000 of forgivable funds.”

“We have worked with Mr. Saad for years, and he under-stands what small business is

up against,” said Ken Howell, president of Trainco, Inc.

It is especially impor-tant that the company be po-sitioned to support current growth opportunities, accord-ing to Perrysburg-based Train-co. As the population and

economy grow, the demand for goods increases as well as the need

for truck drivers. With this rising demand for shipping, the need for additional truck drivers is at an all-time high.

The American Trucking Associations (ATA), in a post by Matthew Sham on August 22, 2020, stated the trucking industry added 100,000 jobs in 2019 and currently employs about 7.8 million people, including 3.5 million drivers.

Elena Mazareanu, research expert covering the transportation logistics industry, mentioned in her Transportation and Logistics Statista ar-ticles published on August 3 and September 11, 2020, that the freight volume in 2019 carried by

the trucking industry has increased to 11.84 bil-lion tons, with this same volume having a market value worth $791.7 billion.

Trainco Truck Driving Schools, with over 10,000 graduates and a 90% placement rate,

works to provide qualifi ed drivers for the trucking industry. The school, located on a 16-acre train-ing facility, complete with a CDL testing site that

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…CONTINUED ON PAGE 12

x of tak

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(L to R) Dan Saad, Citizens National Bank and (L to R) Dan Saad, Citizens National Bank and Mike Moscinski, Trainco Truck Driving Schools, Mike Moscinski, Trainco Truck Driving Schools,

Trainco secures nearly $1 million to fund company

10 · Toledo Business Journal · February 2021

Marco’s Pizza Tony Libardi has been promoted to Mar-

co’s Pizza co-CEO and president from pres-ident and chief operat-ing offi cer in a move to bolster growth strategy for the 1,000-plus unit brand.

This move, according to the company, comes after a record-breaking year, despite the challeng-es brought on by the pan-demic, and prepares Mar-

co’s for a long-term transition of leadership as

Libardi joins with Jack Butorac who has been chief executive offi cer since 2004.

Libardi, according to the company, pro-vides a strong resume of accomplishments since coming to Marco’s from Burger King in 2014: boosting same store sales growth, doubling store count, and driving profi tabili-ty for franchisees.

With 30-years’ experience in restaurant operations, Libardi has put Marco’s in a posi-tion to accelerate growth by moving to a sin-gle point-of-sale system, instituting operation-al standards, launching Marco’s fi rst national advertising program, and strengthening digital sales by introducing enhanced online ordering, a mobile app, and embracing third-party deliv-ery services, according to the company.

In 2020, Libardi led the Marco’s team to achieve historic record-breaking sales;

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Over the course of my career in wealth man-agement, we have nev-er faced a time steeped in uncertainty quite like last year. From the un-predictability and pub-lic-health impacts of a global pandemic to the ensuing eff ects on our community and our economy, the only con-stant has been change. We’ve adroitly coun-seled our clients with resolve through these

uneasy months with the expertise and experience of our team as well as our meaningful relationships with the individuals, families, and institutions we serve.

Now, as we leave behind a year like none oth-er, there’s a beacon of stability and cautious optimism.

As 2021 gets underway, investors have been en-couraged by positive news on COVID-19 vaccine development. Drug makers behind the top three

vaccine candidates have all unveiled data pointing to high levels of effi cacy. What’s more, the U.S. Food and Drug Administration has authorized both Pfi zer-BioNTech and Moderna vaccines for emergency use, and distribution and administration activities across the nation are already well underway.

Despite this swell in positive indicators, optimism is partly off set by discouraging news on the spread of the COVID-19 virus. A new wave of restrictions to slow its advance has been put into place, and lin-gering questions about the eff ectiveness of the As-traZeneca vaccine may draw out its authorization process for even longer than expected. While these short-term worries are some cause for concern, we believe investors will focus on the medium-term po-tential for a return to economic normalcy as eff ective vaccines become available in the coming months.

Looking ahead, our expectation is that vaccine rollouts will support a broadening of the economic recovery, benefi ting more cyclical areas of the equity market in particular. We expect that, as we navigate the road to recovery, the journey will be undergird-ed by continued monetary support in the meantime. Furthermore, we believe equity markets can recover their poise despite the latest wave of COVID-19 re-strictions, backed by ample policy support, adaptive

consumers and businesses, and solid earnings.So what does this mean for 2021?We recommend staying invested and diversifying

for the next leg up. Over the long term, market tim-ing matters less than time in the market, and near-term volatility off ers a chance to build positions.

With that in mind, investors need to think glob-al, look for catch-up potential, and seek long-term winners. Investors can diversify into segments ex-posed to economic recovery, like overseas equities, US. mid-cap equities, emerging market equities, and global industrials as well as “next-tier” growth stocks like 5G names and post-COVID-19 benefi ciaries such as sustainable investing.

Spencer D. Stone, Jr., AIF, CIMA® serves as Senior Vice President, Senior Portfolio Manager and Financial

Advisor for UBS Global Wealth Management and is a founding member of Summit Wealth Management. Spencer has served clients in the Toledo community

for more than two decades.

Will Progress on the COVID-19 Vaccine Fuel Markets?CO

MM

ENTA

RY

The views and opinions expressed herein are those of the author and may not necessarily refl ect the views of UBS Financial Services Inc. or its affi liates; they are subject to change at any time.

As a fi rm providing wealth management services to clients, UBS Financial Services Inc. off ers both investment advisory services and brokerage services. Investment advisory services and brokerage services are sepa-rate and distinct, diff er in material ways and are governed by diff erent laws and separate arrangements. It is important that clients understand the ways in which we conduct business and that they carefully read the agreements and disclosures that we provide to them about the products or services we off er. For more information visit our website at ubs.com/workingwithus. In providing fi nancial planning services, we may act as a broker-dealer or investment adviser, depending on whether we charge a fee for the service. Financial plans provided free of charge are a service incidental to our brokerage relationship and the service terminates upon delivery of the plan. We provide fi nancial planning services as an investment adviser for a separate fee pursuant to a written agreement, which details the terms, conditions, fee and scope of the engagement.

© UBS 2020. All rights reserved. The key symbol and UBS are among the registered and unregistered trademarks of UBS. UBS Financial Services Inc. is a subsidiary of UBS AG. Member FINRA/SIPC.

by Spencer D.Stone, Jr., AIF, CIMA®

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News in Brief…Continued from page 7

Tony Libardi

…continued on page 19

FINANCIAL SERVICES & TAX FEBRUARY 2021 · TOLEDO BUSINESS JOURNAL · 11

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SBA launches largest expansion of WBCs in 30 yearsThe US Small Business Administration

(SBA) is providing grant funding and the historic launch of 20 new Women’s Busi-ness Centers (WBC) across America to serve rural, urban, and underserved com-munities alike. The opening of the 20 new WBCs is the largest single expansion of WBCs across America in its 30-year ten-ure, and these centers will be pivotal to the success of women-owned businesses as they continue to recover during this time, not-ed SBA offi cials. The WBCs will be hosted in rural and underserved markets and wid-en the footprint and partnership with His-torically Black Colleges and Universities

(HBCUs).“Over the past several months, we have

seen Women’s Business Centers provide aid to our nation’s innovative and determined entrepreneurs, allowing countless small business owners to pivot with confi dence to stay afl oat during the pandemic,” said outgoing SBA administrator Jovita Carran-za. “Expanding the WBC program is part of a longstanding commitment to the suc-cess of female entrepreneurs and women-owned small businesses. Adding these new Women’s Business Centers to the already existing network of centers across America will boost timely resources to our nation’s

female economic drivers, providing them with local training and counseling.”

SBA’s WBCs are a national network of 136 centers that offer one-on-one counsel-ing, training, networking, workshops, tech-nical assistance, and mentoring to women entrepreneurs on numerous business de-velopment topics, including business start-up, fi nancial management, marketing, and procurement.

“Opening the doors to the new Wom-en’s Business Centers is crucial to the vi-tality of women-owned small business own-ers. This network expansion will provide female entrepreneurs with the resources

they need to start, grow, and expand their businesses,” said associate administrator for the Offi ce of Entrepreneurial Develop-ment Allen Gutierrez. “We look forward to the continued success of the WBC pro-gram as it contributes to the overall health of our economy and creates jobs in their lo-cal communities.”

In addition to opening these 20 new WBCs, SBA will launch Ascent, a free digi-tal e-learning platform geared to help wom-en entrepreneurs grow and expand their businesses.

The 20 WBCs began opening in January, including one in Portsmouth, Ohio.

Marathon names new chief fi nancial offi cerMaryann T. Mannenwill has been named

Marathon Petroleum Corporation’s (MPC) new executive vice president and chief fi nancial of-fi cer. Mannen succeeds retiring CFO Donald C. Templin.

“Having spent nearly a decade as CFO in the energy services and manufacturing sectors, Maryann brings the fi nancial acumen and stra-tegic leadership experience critical for deliver-ing our business transformation objectives, in-cluding strict capital discipline and overall ex-pense management to lower our cost structure,” said president and chief executive offi cer Mi-chael J. Hennigan. “I’m excited for the perspec-tive and business insights Maryann will add to

our executive team, as we work together to con-tinue strengthening our fi nancial and compet-itive positions.”

Since 2017, Mannen has served as execu-tive vice president and chief fi nancial offi cer

of TechnipFMC, a global engineering services and energy technology company incorporated in the United Kingdom and headquartered in Paris and Houston, with listings on the NYSE and Euronext Paris. From 2011 to 2017, she was

chief fi nancial offi cer at FMC Technologies, pri-or to its merger with Technip SA, which Man-nen played a key role in negotiating and execut-ing. Before that, she served as the company’s deputy chief fi nancial offi cer and treasurer from 2010 to 2011 and vice president of administra-tion from 2007 to 2010. Prior to joining FMC Technologies in 1986, Mannen was fi nance manager for Sheller-Globe Corporation.

Mannen holds a Bachelor’s degree in ac-counting and a Master of business adminis-tration degree from Rider University. She is a member of the Owens Corning board of di-rectors and has served as the audit committee chair since 2019.

12 · SPONSORED CONTENT · Toledo Business Journal · February 2021

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is open six days a week, was founded in 1996 by Howell, a former truck driver who now provides CDL training for new drivers.

Trainco offers two types of full CDL Class A programs. One is a 12-day automatic driver ed-ucation program, which costs $3,499, and a 15-day manual driver education program, which costs $4,000. The best feature for both programs, according to Trainco, is the affordable tuition.

These complete tractor-trailer driver educa-tion programs help prepare individuals for their

CDL driving exams and provide an entry to the trucking industry, noted Trainco. The school edu-cates students with full-size, Class A tractor-trail-er combinations. The Trainco fl eet of 17 tractors

are used to train students pulling 48 and 53-foot vans.

Trainco also offers an accelerated program. This 40-hour refresher course is designed to pol-

ish the skills of a driver with previous experience, or hone the abilities of a student preparing to en-hance their skills. Entrants review progressive shifting, coupling and uncoupling, the fi ve “see-ing” habits, a variety of backing maneuvers, and more.

“During the past 15 years, the trucking indus-try has struggled with a shortage of truck drivers. There are many reasons, but one of the largest is the relatively high average age of the existing workforce,” said Howell. “This driver shortage is really a problem for the entire supply chain as 71.4% of all freight tonnage is moved on the na-tion’s highways. Trainco Truck Driving Schools are doing our part to help offset today’s driver shortage,”

SPONSORED CONTENT

Trainco…CONTINUED FROM PAGE 9

Ohio opens Ag-LINK program for 2021 seasonOhio opened the 2021 Ag-LINK applica-

tion period to help Ohio farmers and agribusi-nesses fi nance the upfront costs of this year’s growing season. The application period will remain open through March 19, noted Ohio Treasurer Robert Sprague

“A thriving agriculture sector is a critical component of our State’s overall prosperity, and I’m committed to supporting Ohio’s farm-ers and agribusinesses,” said Sprague. “By making capital more affordable through inter-est rate reductions, Ag-LINK helps to alleviate some of the fi nancial pressure faced at the be-ginning of each year’s growing season.”

Through this application period, farm op-erators and agribusiness owners based in Ohio can receive an interest rate reduction

on loans up to $150,000. Although the ex-act amount of the discount will be provided to lenders in late March, a minimum 1% dis-count is in place.

The Ohio Treasurer’s offi ce administers the Ag-LINK program to help Ohio farm

operators and other agricultural businesses fi nance the upfront operating costs for feed, seed, fertilizer, fuel, and other costs. Ag-LINK provides an interest rate reduction on agricul-ture business operation loans at eligible banks, credit unions, and farm credit lenders.

To be eligible for the program, farm oper-ators and agribusinesses:

• Must be organized for profi t• Must have headquarters and 51% of op-

erations maintained in Ohio• Must use the loan exclusively for agricul-

tural purposes• Must agree to comply with all program

and fi nancial institution regulationsAg-LINK has been supporting Ohio’s farm

community since 1986. In fi scal year 2020, the Treasurer’s offi ce helped 822 farmers and agribusinesses lower their interest rates for new loans totaling $91 million.

Those interested in Ag-LINK should con-tact their ag-lender to begin the online loan application process, noted offi cials.


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14 · TOLEDO BUSINESS JOURNAL · FEBRUARY 2021 FINANCIAL SERVICES & TAX

AICPA Survey: Taxpayer problems involving W-445% of American taxpayers have no idea when they last updated their withholding

Many American taxpayers haven’t caught up with the latest changes in the redesigned W-4, which the IRS released a year ago, put-ting them at risk for an unexpected tax bill this April. In fact, nearly two in fi ve (37%) Amer-ican taxpayers admit they aren’t even familiar with the W-4, including 11% who say they’ve never heard of it. That’s according to new re-search conducted by The Harris Poll on behalf of the American Institute of CPAs (AICPA).

“There have been a number of changes to withholdings over the past three years and we’ve found that many Americans haven’t been making adjustments accordingly. Inaccurate withholding can lead to an unpleasant surprise come tax day,” said Gregory J. Anton, CPA, CGMA, chairman of the AICPA’s National CPA Financial Literacy Commission. “And with many individuals in a fi nancially precar-ious position, it’s more important than ever to understand how withholding impacts your cash

fl ow and overall fi nancial situation.”Nearly one year later, few

Americans have updated W-4The W-4 is an important form that employ-

ees fi ll out to accurately calculate how much federal tax to withhold from each paycheck. The new Form W-4 no longer includes allow-ances and makes it easier to coordinate across multiple jobs and with a spouse. Unfortunate-ly, research shows that many American tax-payers aren’t keeping up with these changes, which directly impact their personal fi nances. Only one in four tax-fi ling Americans (26%) have updated their withholding since the IRS released the new redesigned W-4 in late 2019. And only 16% made changes to their form af-ter the Tax Cuts & Jobs Act (TCJA) revised withholding tables in early 2018. While 14% last updated their withholding before either of these major changes. Most concerning, nearly half (45%) of tax-fi ling Americans have no idea

when they last updated their withholding.When 2018 taxes were fi led in 2019, many

news articles noted that Americans were con-fused when they didn’t receive a tax refund. TCJA lowered tax rates across income levels helping to reduce Americans’ income tax bur-den but because it also updated withholding tables, many didn’t get the refunds they had come to expect.

“People tend to overlook a few extra bucks in their take-home pay, but they sure notice when they get a $300 tax bill instead of a $1,500 refund,” added Anton. “This under-scores why understanding and updating your tax withholding is so important – it directly impacts your budget.”

Inaction can lead to an unpleasant tax surprise

There is no IRS requirement for Amer-ican taxpayers to submit the new W-4, un-less requesting a change to their withholding

or starting a new job. However, it may be ad-vantageous to revisit the new W-4 to make sure current withholding is accurate, espe-cially if one’s personal or fi nancial situation has changed, such as taking on a second job, or getting married. When asked about their federal income tax withholding strategy, less than half of all tax-fi ling Americans (44%) said it was their goal to pay as close to the ex-act amount as possible. Conversely and con-cerning, more than half of tax-fi ling Americans (56%) said they are purposely paying an inac-curate amount of taxes throughout the year. Of these, a majority (71%) prefer to overpay and receive a refund, and 29% prefer to underpay and don’t mind a bill.

Regardless of strategic intention, many Americans seem to be missing the mark. In the last three years, nearly three in 10 tax-fi l-ing Americans (28%) claim to have received an unusually large tax bill or tax refund.

Ohio set for 10% rate cut on workers’ comp premiums Ohio’s public employers will pay $14.8 mil-

lion less in premiums this year thanks to a rate reduction from the Ohio Bureau of Workers’ Compensation (BWC) that went into effect in January.

The rate cut means approximately 3,700 Counties, Cities, public schools, and other public

taxing districts will pay an average of 10% less on their annual premiums than in calendar year 2020. The reduction, made possible by declin-ing injury trends and relatively low medical in-fl ation costs, is the twelfth cut for public employ-ers since 2009 and follows a 10% cut in 2020.

“We’re happy to pass these savings along to

our public employer community, especially as the COVID-19 pandemic continues to challenge our economy,” said BWC interim administrator / CEO John Logue.

According to offi cials, the 10% reduction represents an average statewide change to pre-miums and does not include costs related to the

administrative cost fund or other funds BWC administers. The actual total premium paid by individual employers depends on several fac-tors, including the expected future claims costs in their industry, their company’s recent claims history, and their participation in various BWC programs.


SSOE Group, a Toledo-based global proj-ect delivery fi rm for architecture, engineer-ing, and construction management, has ac-quired Stevens & Wilkinson (S&W), a 100-year-old design fi rm with offi ces in Atlanta and Columbia, South Carolina, and its sister interior design studio IDEA | SPAN. The al-

liance, fi nalized in late-December, expands the southeast US presence, market capabili-ties, and overall portfolio of both fi rms.

A national fi rm in project delivery for semiconductor, automotive, chemical, and food markets, SSOE has more than 40 years of experience delivering projects in the south-east US from existing offi ces in Atlanta, Bir-mingham, Huntsville, and Nashville. The ac-quisition of S&W and IDEA | SPAN was driv-en by its architectural, engineering, and inte-rior design expertise in healthcare, education,

judicial, and other commercial building mar-kets, noted SSOE. S&W has noteworthy proj-ects in these sectors, such as the Medical Uni-versity of South Carolina’s James E. Clayburn Research Facility (Charleston, South Caroli-na), the Nathan Deal Judicial Center (Atlanta, Georgia), and the historic renovation of the

David T. Howard Middle School for Atlanta Public Schools.

Commenting on the decision to join SSOE, S&W’s chairman Ron Stang, AIA, LEED AP, explained, “We are excited to en-hance our combined offerings to clients and grow the general building brand to the same national prominence SSOE’s industrial sec-tors enjoy. We also believe there is an oppor-tunity to augment SSOE’s services to indus-trial clients to provide design for their corpo-rate, research, and workplace projects as well

as tap into their involvement in the growing investment taking place in the southeast, in-cluding hot markets like manufacturing fa-cilities for electric vehicles.”

Through this acquisition, both fi rms are doubling the architectural and engineering resources they are able to offer to the health-care, education, and other commercial build-ing markets. This will not only provide a larg-er geographic footprint, but an improved abil-ity to execute large projects for clients in all of SSOE’s locations, noted the fi rm.

“We are excited to welcome Stevens & Wilkinson to our SSOE family,” said Cath-erine Myers, PE, chair of SSOE’s board of directors and chief operating offi cer. “With their demonstrated performance of archi-tectural design excellence and their continu-ous emphasis on client success, they are the best in their fi eld and a great addition to our global team. We are committed to the gener-al building market and thankful that S&W’s entire leadership team will remain actively involved in the operations of the integrated business unit. We see immediate opportuni-ties to grow our overlapping markets as well as take S&W’s impressive judicial and his-toric renovations portfolio across our geo-graphic footprint.”

As a testament to their resilient business models, both fi rms posted some of their most successful years ever in 2020 despite the global pandemic and recession. The acqui-sition adds nearly 100 employees to SSOE and expands its portfolio and capabilities to

better deliver upon the organization’s mission to save clients time, trouble, and money.

Vince DiPofi , PE, president and CEO of SSOE Group commented, “Culturally, our companies align perfectly. We both priori-tize relationships with our clients to deliver positive outcomes. Through our combined strength and a shared goal to provide great client experiences, this strategic partnership will take us to the next level in architectural design. Clients of both fi rms can anticipate access to the same familiar teams, with an enhanced ability to provide resources and ex-pertise to their projects.”

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Pamela K Rose Auction Co, LLCREAL ESTATE | AUCTIONEERS | CONSULTANTS

LAND AUCTION

$235,000

listed for $2,000,000, now at a Minimum

Shutterfl y…Continued from page 1

Inc.’s vice president of manufacturing.Shutterfly, Inc., with corporate head-

quarters locations in Redwood City, Cal-ifornia and Eden Prairie, Minnesota, ac-quired Lifetouch in 2018; and with it, the Galion Lifetouch plant. Since 1995 when Lifetouch had taken over a former photo studio, the Galion site has been produc-ing Lifetouch photography products for church communities, and over the past several years expanded to include pre-school and studio photography. Now, the company will be supporting not only mul-tiple Lifetouch product lines, but also in-clude Shutterfly brand products, includ-ing personalized photo books, calendars, cards, and wall art.

“Our investment in the Galion facil-ity includes expanding our capabilities there to include not only multiple Life-touch product lines, but also to include Shutterfly brand products as well. Hav-ing a facility in the northeast corridor of the United States that produces a full line of cross-brand products allows us to more efficiently serve our customers in this quadrant of the country. Galion will be our fifth world-class facility located in the US,” said Bull. “Since the Shutter-fly acquisition of Lifetouch in 2018, we have been on a journey to maximize our combined scale and capabilities to sup-port both businesses while driving effi-ciencies that benefit our customers. Our

ultimate goal is one manufacturing plat-form where we manufacture products across our full range of brands most ef-ficiently by demand, customer proximity, and labor capabilities, at multiple world-class facilities.”

“Shutterfly’s decision to make a ma-jor investment in our community is ex-cellent news,” said Galion Mayor Tom O’Leary. “The company’s commitment to the Galion area and its workforce is great-ly appreciated.”

Shutterfly was founded in 1999 and has expanded to more than 10,000 employees with manufacturing locations across the US and Canada. In selecting its Craw-ford County plant for this expansion proj-ect, Shutterfly officials recognized the re-gion’s competitive business climate and highly skilled labor pool as significant factors in the site selection process.

“Shutterfly is a global leader in digi-tal photo products manufacturing that will expand with Ohio’s exceptional talent and supply chain,” said J.P. Nauseef, JobsOhio president and CEO. “This investment will bring 100 new jobs and new production lines to this growing facility.”

JobsOhio awarded the company a grant to support the expansion of the facility. In addition, the Ohio Development Services Agency (ODSA) approved a Job Creation Tax Credit. Both the Regional Growth Partnership (RGP) and Grow Crawford worked collaboratively with JobsOhio throughout the process in securing the project for Galion.

Expansion efforts began right away, with production of Shutterfly products

scheduled to start at the facility next spring.

“Deeply rooted in its purpose of help-ing make life’s experiences unforgetta-ble, Shutterfly is committed to reimag-ining the way people celebrate and con-

nect with friends and family around the world through its flagship personalized Shutterfly products, premium offerings in its Tiny Prints boutique, Snapfish cus-tom photo gifts, as well as wedding invi-tations and stationery,” said Bull.

“Shutterfl y is a global leader in digital photo products manufacturing that will expand with Ohio’s exceptional talent and supply chain. This investment will bring 100 new jobs and new production lines to this growing facility.”

-J.P. Nauseef, JobsOhio president and CEO


RETAIL SPACE FOR SALE OR LEASE

AUTOMOTIVE / RETAIL FOR SALE: 368 W. Elm, Wauseon, OHNearly 10,000 square feet on 1.5 acres, retail shops on Elm with high ceilings & a lift in the rear. ONLY $249,900Contact Dan DiSalle 419-261-4010 or [email protected]

OFFICE SPACE FOR SALE OR LEASE

1613 H – BT – SPRINGFIELD TWP. 3,000 sq.ft. available. Great Access to Interstate. Many Opportunities. Contact: Bill Thees, 419-893-4415.

DEVELOPMENT PROPERTIES

NEAPOLIS-WATERVILLE RD. 48.77 acres in Waterville Township, close to proposed Meijer site & proposed commercial road. Nearly adjacent to existing industrial park. Lori Gater 419-340-2480 or Dan DiSalle, Jr. 419-261-4010

ACREAGE FOR SALE

ANTHONY WAYNE TRAIL CORNER LOT, MAUMEE, OH AT MICHIGAN AVE. 225x127. Asking $99,500. Contact: Dan DiSalle 419-261-4010 or [email protected].

3468 DORR ST RIGHT @ BYRNE RD. – Roughly 80x250 HIGH visibility & traffi c counts just off U of Toledo campus! Now $220,000! Contact: Dan DiSalle 419-261-4010 or [email protected].

1/2 ACRE LOT – PERRYSBURG TOWNSHIP. 180 ft of frontage on Oregon Road just north of St Rt 795, only $49,900. Contact: Dan DiSalle, Jr., 419-874-2231 or Joe DiSalle, 419-460-5253.

SYLVANIA TWP – ZONE RD. 2 Commercial lots. Contact: Bill Thees, 419-893-4415.

4 lots DPC – BT –DEER PARK COURT. 4 Offi ce lots available. Next to Arrowhead, along Swan Creek. Can be combined, split. Contact: Bill Thees, 419-893-4415.

Visit www.DiSalleRealEstate.com for more information on these properties!

For Your Commercial / Investment Needs…419-893-4415 1909 River Rd., Maumee, Ohio 43537

9,040 SF – SYLVANIA TWPOWNER WILL EXPAND OR DIVIDE. FOR SALE OR LEASE

SWAN CREEK NEAR ARROWHEAD.21,000 SF. FOR SALE OR LEASE

Contact: Bill TheesDiSalle Real Estate Co.Commercial & Investment Division

419-893-4415

FEBRUARY FEBRUARY SPOTLIGHTSPOTLIGHT

SALE SALE PENDING!PENDING!

18 · TOLEDO BUSINESS JOURNAL · FEBRUARY 2021 REAL ESTATE

Blanchard Valley Health System (BVHS) and the University of Findlay (UF) recently formalized a collaborative affi liation rela-tionship to ensure that the two organizations are closely aligned to ensure excellence in

healthcare services from well-prepared pro-fessionals for generations of families with-in the region.

Through this collaborative partnership, both organizations seek to encourage more students from northwest Ohio to consider

healthcare majors, noted offi cials. This effort will be realized by providing increased op-portunities for these students for more clin-ical experiences at numerous BVHS facili-ties, including fully utilizing the simulation laboratory, located on the main campus of Blanchard Valley Hospital.

Additionally, best practice insights will be provided by the health system to UF faculty and students through special lecture, adjunct, and advisory opportunities. BVHS and UF will also work together to develop addition-al, broader health-oriented programs.

The purpose of the initiative is to retain the newly-trained talented students for local employment, noted offi cials.

“We are very proud to be partnering with BVHS to strengthen the healthcare opportu-nities for individuals in our community and for our students,” said Dr. Katherine Fell, University of Findlay president. “As the re-gion’s leader in high-quality healthcare ed-ucation with 29 healthcare-related degrees and certifi cations and more than 400 students graduating each year in healthcare-related fi elds, UF is delighted to have established this partnership. It will enable our students and graduates to gain the experience they need to serve our community well for many years into the future.”

Both organizations identifi ed a commu-nity need to guarantee that the region has a trained healthcare workforce to serve

patients. Additionally, the organizations recognized that the ever-increasing cost of healthcare adversely impacts organizations being able to achieve their missions. BVHS and UF have also committed to exploring effi ciencies in the provision of healthcare, which has begun with naming BVHS as the preferred provider for the University of Find-lay health plan.

“This is an exciting opportunity for BVHS and the University of Findlay to work together in developing initiatives that will ultimately benefi t the care of patients and the local com-munity,” shared Scott Malaney, president and CEO of BVHS. “The COVID-19 pandemic has amplifi ed the importance and urgency of innovation in healthcare. This collaborative partnership will improve the health of all of the communities we serve and support the vi-tal need for healthcare workers.”

From a governance standpoint, BVHS will have one seat on the UF board of trustees, and UF will also have one seat on the BVHS board of trustees. An advisory committee that includes representatives from both orga-nizations will also meet on a regular basis to work together on the details of the collabora-tive partnership, according to offi cials.

To further support University of Findlay students entering healthcare fi elds of study, a scholarship will be developed in the near fu-ture. As an added benefi t, there will be dis-counted higher educational opportunities for

BVHS associates. “The ultimate goals of this collaborative

partnership are to keep talent in our region, recruit others who can contribute to the local workforce, and ensure elite healthcare for our

residents,” explained Christina Muryn, May-or of Findlay. “Having BVHS and the Uni-versity of Findlay come together in this in-novative, forward-thinking manner is a tes-tament to their commitment to the future of our community.”

Jennifer MacKay, Leasing Directorc. 248.790.2705 | o. 248.590.0059 | [email protected]

ANTHONY WAYNE PROFESSIONAL BUILDING

10200 Waterville Street | Whitehouse, Ohio 43571

OFFICE SPACE AVAILABLEAvailable: A-B - 10,000 SF | D2 - 2,500 SF

BVHS and University of Findlay create partnershipCollaborative affi liation relationship created to ensure excellence in healthcare services

Dr. Katherine Fell, president of the University of Findlay

Scott Malaney, president and CEO of Blanchard Valley Health System

REAL ESTATE FEBRUARY 2021 · TOLEDO BUSINESS JOURNAL · 19

piloted new innovations such as ghost kitch-ens, contact-free delivery, and curbside pick-up; tested robotic kitchens, and more. Marco’s also signed 114 new store commitments, and opened more than 70 new locations, including the brand’s milestone 1,000th store.

Team PortmanMatt Lloyd has joined US Senator Rob Port-

man’s personal offi ce as deputy chief of staff and communications director. In this role, Lloyd will oversee communications for the

Portman operation. The move comes as Portman is expect-

ed to take on additional responsibilities as the top Republican on the Homeland Securi-ty and Governmental Affairs Committee. As previously announced, Emily Benavides will serve as Portman’s communications director at the committee.

RehmannRob Detling has been promoted to the role

of assurance manager at Rehmann’s Toledo lo-cation and Cassandra Wenman has been pro-moted to advisory and tax manager.

According to the fi rm, Rehmann, a ful-ly-integrated fi nancial services and advisory fi rm, has grown to become one of the largest

fi nancial services and advisory fi rms in the country, with nearly 900 associates in Michi-gan, Ohio, and Florida. Its associates are com-mitted to working collaboratively to cultivate ideas, service, and experience.

Gilmor

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Spa Catawba expanding operations...The new 5,800 square foot facility will be in Dan-bury Township, centrally located between Port Clin-ton, Catawba Island, and Lakeside/Marblehead