business journal february 2012 b section

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


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


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


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.


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.


6/126B TheBusinessJournal February 2012

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.


7/12


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).


8/12


Van Wert Co.Ag Society

1055 S. Washington St.,

Van Wert, OH 45891419-238-9270

Aug. 29-Sept. 3,

2012

www.grevechryslerjeepdodgeofvanwert.com

$2499 dueat signing

NO SECURITYDEPOSIT

REQUIREDMONTHS

$319 36/MONTH

TOTAL INCENTIVE

UP TO

$5700

GUTS, GLORY, RAM0% 36

MONTHS

SXTRMV

2012 Dodge Durango

isbackTHE BEST

For the past 27 years, Ayers Mechanical Group has providedN.W. Ohio with dependable plumbing and heating services.

Our Commercial Services include: ServiceAgreements MechanicalContracting Allplumbing,heating&coolingneeds Newinstallation&remodeling

BID/specificationservices Design/buildservices Licensed&bondedinthestateofOhiofor Plumbing,HVAC,Hydronics&Refrigeration

CertifiedbytheStateofOhioforBoiler Installation&Repair LicensedbytheStateofOhiofor BackflowCertification&Repair

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


9/12


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.


10/12


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.

gotham_light_abcdefghijklmnopqrstuvwxyz`1234567890-=[] \;,./

ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+{}|:?

``fifl

`fifl"'| '"

gotham_book_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;,./


``fifl

`fifl"'| '"

gotham_medium_abcdefghijklmnopqrstuvwxyz`1234567890-= []\;,./


``fifl

`fifl"'| '"

gotham_bold_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;,./


``fifl

`fifl"'| '"

marriot_light_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;,./


``fifl

`fifl"'| '"

marriot_light_italic_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;,./


`fifl

`fifl| '"

marriott_med_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;,./

ABCDEFGHIJKLMNOPQRSTUVWXYZ~!@#$%^&*()_+{}|:?` `fifl

`fifl"'|'"

marriott_med_italic_abcdefghijklmnopqrstuvwxyz`1234567890-= []\;,./


``fifl

`fifl"'|'"

marriott_bold_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;,./


` fifl

fifl"'| '"

marriott_bold_italic_abcdefghijklmnopqrstuvwxyz`1234567890-= [] \;,./


` fifl

fifl"'| '"

marriot_condensed_light_abcdefghijklmnopqrstuvwxyz`1234567890-= []\;,./


` `fifl

`fifl| '"

marriot_condensed_medium_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;,./


``fifl

`fifl| '"

marriot_condensed_bold_abcdefghijklmnopqrstuvwxyz`1234567890-=[]\;,./


` fifl

fifl| '"

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


11/12


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


12/12


OHIOS ELECTRIC COOPERATIVES

My Partnerprovides benchmarking data.

saves me money.

is my electric co-op.

{

My cooperative provides me with access to

benchmarking data that lets me compare my

companys energy use to other facilities like mine.

Having this information helps me target ways to

cut my energy costs and improve my bottom line.

Your electric cooperative oers solutions, resources and

personalized attentionall designed to make your business

as energy efcient and cost eective as possible. Register

today at www.buckeyepower.com to receive our

inormative Questline newsletter.

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

business journal february 2012 b section

Documents