greater fort wayne business weekly - sept. 6, 2013

SEPTEMBER 6-12, 2013 Daily updates at www.fwbusiness.com $1.00

Business WeeklyPAGE 5

GREATER FORT WAYNE

n INSIDERegaining its lusterAfter bottoming out, the price of gold has been shooting back up

BANKING & FINANCE LOCAL NEWS

PAGE 9

Sold!Duesenberg fetches more than $1 million at auction

PAGE 15

Local news ....................3-7BizView ..............................8Banking & Finance .....9-10People on the Move ..... 14Top Lists .....................17-18BizLeads.....................19-20

Applied researchIPFW work could lead to new jobs

Vol. 9 Issue 36

LOCAL NEWS

Kelley Chevrolet in Fort Wayne received its fi rst batch of the redesigned Chevrolet Silverado pickups last month.

DOUG LEDUC

BY DOUG [email protected]

Chuck Kelley is planning to attend a General Motors Co. Fort Wayne Assembly Plant event to brief Chevrolet dealers on features of the 2014 Silverado 1500. But his enthusiasm for the rede-signed full-size pickup is such that he probably could recite most of the information already.

He is general manager for Kelley Chevrolet in Fort Wayne, which last month received some of the fi rst 2014 Silverados shipped by the plant.

“It’s come out in the last 10 days or so and we’ve delivered a couple already,” he said

Homecoming events will welcome dealers, customers

GM rolls out new pickups

n See PICKUPS on PAGE 16

TRADING SPACES

Businesses are ditching the cubicle in favor of offi ce

designs that promote collaboration, creativity

The “Thinkubator” at Trelleborg’s New Haven facility features ceiling lights suspended from red

umbrellas.CONTRIBUTED PHOTO

BY LINDA [email protected]

When furniture maker Herman Miller came up with the concept of the cubicle in the 1960s, it was considered a revolu-tionary concept in offi ce design.

Fast forward 50 years, and cubicle walls are coming down everywhere as companies recognize the tiny, rigid people containers that evolved from Herman’s original “action offi ce” plan are just not conducive to creativity, cooperation or employee morale.

“There has been a huge change. Everybody seems to be going toward lowering the panels. The general sense is it’s a more collaborative environment,” said Courtney Zachary,

INSIDE BW Carson Boxberger

expands at its modern-design Harrison location.

Page 3

Zacher Co. survey fi nds businesses are choosing to move into higher-quality offi ce space.

Page 5

Created a little over a year ago, the “Thinkubator” at Trel-leborg’s New Haven offi ces is bright, funky and designed to encourage creative thinking.

CONTRIBUTED PHOTO

n See SPACES on PAGE 21

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PAGE 2 fwbusiness.com GREATER FORT WAYNE Business Weekly n September 6-12, 2013

Indiana’s mild temperatures and modest rainfall this summer are doing more than producing bumper crops of corn and soybeans. They have been good for grape crops and should help the state’s wineries produce more fl avorful, aromatic wines.

“We’ve had really moderate conditions, and that helps improve fruit quality,” said Purdue University viticulture specialist Bruce Bordelon. “Cooler weather leads to higher sugar content and higher acidity, yielding a better balance overall. Our mid- and early-ripening varieties should do really well.”

Temperature and rainfall during ripening

can determine the character of future wines, Bordelon noted. Grape growers in the southern part of the state gained the most from the cool summer, but north-central Indiana still stands to benefi t.

The cooler weather could be a downside for some of the red varieties, however. “That’s my only concern for this year,” Bordelon said.

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For more information, visit www.entresummitfortwayne.com

September 6-12, 2013 n GREATER FORT WAYNE Business Weekly fwbusiness.com PAGE 3

Mighty fi ne wine

Carson Boxberger LLP’s cafeteria refl ects the modern design carried throughout the law fi rm in the Harrison building.

CONTRIBUTED PHOTO

As downtown grows, so, too, does law fi rmBY LINDA [email protected]

The merger of Fort Wayne law fi rms Carson Boxberger LLP and Federoff Kuchmay LLP is about more than just a combination of lawyers and their clients.

Tim Pape, managing partner of Carson Boxberger, sees it as a continuation of his fi rm’s investment in the growth of Fort Wayne in general and the revitalization of the downtown area in particular. After all, as Fort Wayne’s business community grows, so does its need for legal services, he noted.

“We really think down-town revitalization is part of our own success,” Pape said. “Our business rises and falls with the economy, and we believe downtown is a driver of investment.”

Carson Boxberger moved into its unconven-tional, unlawyer-like new offi ce space on the second fl oor of the

Pape

n See FIRM on PAGE 7

GREATER FORT WAYNE

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www.fwbusiness.com


Join Dr. Arthur Snyder, Dean Peter Alexander

and Greater Fort Wayne Inc. as we celebrate the

opening of Indiana Tech’s Law School.

Indiana Tech’s foodservice, led by chef Jeff

Rude, will provide the hors d’oeuvres, and

students will provide tours.

Admission is $5 for Chamber members and

$10 for nonmembers.

Register at fwchamber.org/night

Chamber Night@ Indiana Tech

Law School

The next chapter in great relationship building!

5-7 P.M. September 25, 1120 E. Washington Blvd.

The Greater Fort Wayne Chamber of Commerce is now part of Greater Fort Wayne Inc.

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Tucanos to open this month at Jefferson Pointe

T u c a n o s Brazilian Grill is expected to open its doors at Jefferson Pointe late in September.

Construction workers have been on the job for four months, converting the food-court space into a full-service, sit-down restau-rant with a casual, family-friendly atmosphere. The investment in the project is esti-mated at more than $2.5 million, The restaurant will employ about 100 people.

Tucanos will showcase Rio de Janei-ro-inspired Brazilian churrasco cuisine, which features a palette of local and inter-national wood-grilled meats and salads.

“We want to offer more than a meal — we want to offer our visitors the chance to escape the ordinary,” said Joe Heeb, chief operating officer and co-founder. “It’s about having fun and enjoying something new, and walking away from the table really confident that you’ve had a great dining experience for a good value.”

The decor features a mix of festive colors, sharded tile waves, decorative fabrics and glass, mahogany and maple accents, custom granite counters and tropical greenery. A covered patio off the dining room allows guests outdoor seating options.

Fort Wayne will be the Denver-based company’s ninth location.

BND COMMERCIALKarl Behrens represented the seller,

Dupont Crossing LLC, in the sale of 1.4 acres at the corner of Dupont and Coldwater roads to G. B. Indiana 2 LLC, which was represented by David Norton.

Behrens handled the lease termination

of America’s Floor Source, and the new lease of 16,060 square feet of space at 5311 Distribution Drive by Wells Fargo Bank, as trustee for V. L. McClain, to tenant, Rich-ards Building Supply.

Steve Wesner represented the landlord,Fort Wayne Properties LLC, in the renewal of a lease of 12,780 square feet of spaceat 5733 S.R. 930 E. to Hire’s AutomotiveCenter Inc.

Andy Norton represented the seller, Gary Hamilton, in the sale of 0.3 acres at 4832 S.Calhoun St. to KPC Investments LLC.

INTIMATES STORE WINS AWARDBarbara’s New Beginnings, which

operates retail stores in Fort Wayne andIndianapolis, was one of the top five winnerschosen from among 200 nominees at theAugust Best of Intima Awards given in New York City.

Barbara’s won in the “personal touch”category for the retail space that reflects theindividuality of the owner and has a strong emphasis on one-on-one customer service. Barbara Gilbert is the store owner. TheIntima magazine awards are given to inde-pendent retailers of intimate apparel, beach wear and lounge wear.

STREBIG CONSTRUCTIONStrebig Construction was awarded

contracts for several projects at Indiana University-Purdue University Fort Wayne: the bicycle parking stations at various areasof the campus; the archive room project atGinsberg Hall; the batting cage structure atthe baseball field; and the limestone bench monument beside Kettler Hall.

PRO BOWL WEST DEBUTS RENOVATED CENTER

Pro Bowl West has completed exten-sive renovations to its 64,000-square-foot bowling center at 1455 Goshen Road, inGateway Plaza.

The new features include all new seating, furniture, flooring, carpeting, decor, lanegraphics and scoring monitors. New flat-

n Reporter’sNOTEBOOK

REAL ESTATE & RETAIL

Linda Lipp

n See REAL ESTATE on PAGE 7


IPFW amplifier research could signal new jobsBY DOUG [email protected]

A local university research center has a $276,000 funding commitment from the Allen County-Fort Wayne Capital Improvement Board for equipment that will help keep the city at the forefront of wireless technology development.

The board approved the equipment funding for the Wire-less Technology Center at Indiana University-Purdue Univer-sity Fort Wayne last month on the condition that the city of Fort Wayne finalize matching funding of $100,000.

“We’re working on doing the measurements and devel-oping the design procedures to develop a more efficient microwave power amplifier,” said Claude Setzer, the center’s

associate director. Most forms of modern wireless commu-nications — from cellphones to combat radios — would benefit from the improvement. Cree Corp. estimates cell-phone towers around the world, for example, use some $40 billion worth of electricity annually, “and I believe that could be cut much more than in half,” Setzer said.

Setzer worked for what is now ITT Exelis in Fort Wayne before joining IPFW three years ago. He did research and development on microwave systems at ITT and knows the defense contractor would be well-positioned to use the tech-nology in the military radios it develops and manufactures.

The center partnered with the University of Notre Dame to apply for a Navy grant to develop a 100-watt gallium nitride microwave power amplifier, which could be scaled up

for much higher wattage.The use of gallium nitride in components of the system

enable it to operate at high enough voltages to replace micro-wave power amplifiers based on vacuum-tube technology, which require rare earth elements that China has madeincreasingly scarce and expensive.

The center hopes to build the device for Navy radar systems, but the technology that would go into it would be useful for other types of military equipment.

“We’re developing with Notre Dame and Indiana Inte-grated Circuits a new gallium nitride transistor, which is part of the next generation of new high-voltage, high-power

Higher class: Study finds companies are opting to step up office spaceBY LINDA [email protected]

Companies with offices in Fort Wayne have been moving on up to a better class of space, thanks to a soft commercial real-estate market that has allowed them to get more mileage for their money as the economy has begun to improve.

Tenants who were in Class B and C office spaces are getting into Class A and better Class B spaces, according to commer-cial real-estate broker Steven Zacher of Zacher Co./CORFAC International. The vacancy rate in Class A space dropped from 19.6 percent in 2012 to 15.4 percent from September 2012 to August of this year, and the Class B vacancy rate dipped from 14.1 percent to 13 percent, according to Zacher Co.’s annual office space survey.

The vacancy rate among Class C spaces soared, however, from 34.5 percent a year ago to 52.9 percent this year. “That sort of supports the idea that companies are moving to better space,” Zacher said.

Businesses also are looking at more efficient use of space, and therefore are allotting less space per person. “Office leases signed five to 10 years ago, which

are now rolling over, will be done at a much lower per square foot per employee ratio,” the Zacher report concluded. “The trend toward space efficiency has the potential to limit office demand over the next several years.”

Work-from-home options offered by some employers may be having an impact on how much office space is needed, Zacher noted, but the survey does not try to track that particular trend.

Overall, vacancy rates are down just a little, to 16.6 percent at the end of August from 17.3 percent a year ago. By location, office vacancies are lowest in the down-town area, at 9 percent, the same as last year; and highest in the northwest quad-rant, at 31.7 percent, improved from 35.3 percent a year ago. The vacancy rate is the northeast quadrant is 9.4 percent, down from 11.1 percent a year ago; the rate in the southeast quadrant is 18.4 percent, up from 16.9 percent last year; and the vacancy rate in the southwest quadrant is 23.2 percent, down from 24.6 percent a year ago.

“It’s not a as much of a tenant’s market as it was; that goes hand in hand with the recovery,” Zacher said.n See OFFICE on PAGE 7

n See RESEARCH on PAGE 7

IBA training video explains $100 bill security features

There is a 25-minute training video available for download at the Indiana Bankers A s s o c i a t i o n website that’s all about the Benja-mins.

IBA is making “Money Facts: The New $100 Bill” available through Dec. 31 as a compli-mentary webinar to familiarize bank employees with features of the new $100 bill scheduled to start circulating Oct. 8.

“The new bill is designed to be easier to authenti-cate and harder to duplicate; this webinar helps provide the first line of defense against counterfeiters,” the association said in an announcement on the training video.

The Federal Reserve Board said the redesigned $100 note has new security features including a blue, 3-D security ribbon woven into the paper displaying a series of little blue bells, which appear to change to 100s as the paper moves.

Other new features include new coloring, an embedded security thread that glows pink in ultraviolet light, a portrait watermark visible from either side of the note, raised printing on Benjamin Franklin’s shoulder and microprinting.

The microprinting is on Franklin’s collar and on a golden quill and around the blank space with the watermark.

As part of a U.S. Currency EducationProgram, the Fed established the website,www.newmoney.gov, to provide informa-tion on the change and help raise aware-ness of the redesign.

A section of the website for retailerssaid if they operate self check-out equip-ment that accepts $100 bills they need to arrange to have it updated by the time the redesigned notes start circulating.

The training video at the IAB website, www.indianabankers.org, was produced by Financial Education & Developmentand sponsored by several communitybankers associations.

PEOPLES BANCORP DECLARES 20-CENT QUARTERLY DIVIDEND

The board of Peoples Bancorp declared a dividend of 20 cents per share for its fiscal fourth quarter, payable Oct. 10 to shareholders of record Sept. 30.

The Auburn-based holding companyfor Peoples Federal Savings Bank ofDeKalb County said it had 2.3 millionshares outstanding as of Aug. 30, tradingover-the-counter under the PBNI symbol.The shares had a $24.25 closing priceAug. 30.

If you have items for the banking and finance column, please contact Doug LeDuc by email at [email protected], by phone at (260) 426-2640, ext. 309, or by mail at Greater Fort Wayne Business Weekly, 3306 Indepen-dence Drive, Fort Wayne, IN 46808.


BANKING & FINANCE

Doug LeDuc

fwbusiness.com GREATER FORT WAYNE Business Weekly n September 6-12, 2013

Glenbrook Commons lands bargain storeBY LINDA [email protected]

Another new anchor tenant is going into Glenbrook Commons, which just a few months ago had about as much empty space as was occupied

Ollie’s Bargain Outlet, a 145-store chain founded in Pennsylvania in 1982, will open in the space recently vacated by Hancock Fabrics, which relocated to Apple Glen.

Dunham’s Sports recently opened in the anchor space left empty several years ago when Linens ‘n Things went out of busi-ness; and Burlington is opening its second Fort Wayne store sometime this fall in the space once occupied by the now defunct Steve & Barry’s.

Ollie’s merchandise comes from close-outs, overstocks, liquidations and some-times is salvaged from stores damaged by fire or other factors. Much of it also comes direct from manufacturers.

The company’s website contains no

details on when the Fort Wayne store will open, but prospective workers can apply for jobs online at Ollies.us.

Glenbrook Commons was sold at the beginning of this year to Bon Aviv Invest-ments LLC, which is partnering with Zamias Services to manage the 254,000-square-foot center at 4122 Lima Road. The center’s other tenants include Toys ‘R Us, the Ross Medical Learning Center, Good-will, Verizon Wireless and the U.S. Armed Forces Recruiting Center.

The Hutenksy Group had purchased the shopping center for $18.3 million in mid-2004 but returned it to an affiliate of its lender, the former Capmark Financial Group, in December 2011 in lieu of fore-closure.

Chicago-based Foresight Realty Partners took over management and leasing of the property at that time, but Capmark never intended to hold the property for the long term and soon put it back on the market for sale.

PBS39 to launch series on startupsPBS39 will

begin airing a series focusing on how entrepre-neurs started their businesses Sept. 14.

“ S t a r t - U p ” was created by Gary Bredow, a documentary filmmaker and D e t r o i t - a r e a e n t r e p r e n e u r who serves as the show’s host. According to a description for the show, it will explain how modern Amer-ican entrepre-neurs got their ventures off the ground.

The series will debut at 10:30 p.m. Sept. 14 on Channel 39.1. Shows will air three times weekly; in addition to the 10:30 p.m. Saturday time slot, they will be rebroadcast at 5:30 p.m. on Sundays and 11:30 p.m. on Tuesdays.

The intial episode will feature the Gouda Girls of Milwaukee, who started an award-winning grilled-cheese food truck. The episode also will feature Detroit-based McClure’s Pickles and Pittsburgh’s House of the Dead zombie store.

New episodes of “Start-Up” will air thefollowing weeks.

TRINE PICKS LABOV TO MARKET ARIZ. CAMPUS

LaBov Marketing Communications and Training is working with TrineUniversity to market its newly openedcampus in Peoria, Ariz.

The firm will coordinate outdoor, print and digital advertising, and conduct direct-mail, email and video marketing to raise awareness of the campus and encourageprospective students to apply. The Peoriacampus is offering bachelor’s and master’sdegrees in various fields and featureseight- and 16-week accelerated courses.

If you have items for the media and marketing column, please contact Barry Rochford by email at [email protected], by phone at (260) 426-2640, ext. 311, or by mail at Greater Fort Wayne Business Weekly, 3306 Independence Drive, Fort Wayne, IN 46808.


MEDIA & MARKETING

Barry Rochford

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screen televisions, new glassware and a new gourmet menu are being introduced in the Alley Sports Bar and Pro Bowl West also is the home of the full-service Savage Bowling Pro Shop.

The facility, which was set to celebrate its grand reopening on Sept. 6, will host several national bowling tournaments in the coming months. With 56 lanes, Pro Bowl West is one of the largest bowling centers in northeast Indiana. It employs 31 full- and part-time workers.

PRIVATE PROJECTS DRIVE CONSTRUCTION SPENDING

Total construction spending hit a four-year high in July as private residential and nonresidential activity increased while public spending declined, according to an analysis of new Census Bureau data by the Associated General Contractors of America.

“The patterns seen earlier this yearreappeared in July, with strong year-over-year gains in single- and multifamilybuilding, a range of results for private nonresidential categories, and deepening downturns in most public segments,” saidKen Simonson, the association’s chief economist, in a report released Sept. 3.“These trends are likely to hold for theremainder of 2013.”

Construction put in place in July, $901 billion, was the highest mark since June 2009; and represented a increase of 0.6percent from the month before and 5.2 percent from July 2012.

Public construction spending slipped 0.3 percent for the month and 3.7 percentover 12 months.

If you have items for the real estate and retail column, please contact Linda Lipp by e-mail at [email protected], by phone at (260) 426-2640, ext. 307, or by mail at Greater Fort Wayne Business Weekly, 3306 Inde-pendence Drive, Fort Wayne, IN 46808.

Continued from PAGE 4

n REAL ESTATE: Construction spending rises

Harrison, part of the Harrison Square down-town development that includes Parkview Field, last February. “It was the biggest investment we’ve ever made,” Pape said.

The firm also has been investing in its people and technology, and being able to offer attorneys a modern, open office space that is really a next-century sort of design is a valuable tool for recruiting and retaining top attorneys, Pape explained.

“It was all about how we serve clients best, and one of the ways we do that is by attracting the best people,” he said.

The merger was effective Sept. 1 and attorneys Jim Federoff, Scott Federoff and Jason Kuchmay already have joined Carson Boxberger in its offices downtown.

“It’s just another manifestation of adding master attorneys,” Pape said.

Carson Boxberger, founded in 1945, has 24 attorneys whose practice areas include business, government, litigation, intellectual property and personal services. The firm also has an office in Bloomington.

Federoff Kuchmay, which had offices on Illinois Road, serves business, nonprofits and

individuals in northeast Indiana.Carson Boxberger relocated to the

Harrison from One Summit Square, where its offices had been since the skyscraper was built. “We wanted to have space we could build out the way we wanted,” Pape said.

Law, like most other businesses, is about building relationships, and the new space also allows the firm room to entertain a few hundred people at a time, he added.

The Carson Boxberger space is unique in Fort Wayne in how completely it has incor-porated a starkly modern industrial design. Floors are slightly buffed concrete, and the dominant color is black with sharp pops of tomato red and lime green. Inner office spaces are open to promote teamwork, and the bank of windows that lines the reception area and cafeteria allow views of Parkview Field. Ceilings were deliberately left unfin-ished to leave pipes and other mechanicals in view — although some of them have been finished in bright lime to make them stand out.

“I think all of it says implicitly that the world is changing, and we’re changing it with it,” Pape said. “That’s what we’re reflecting.”


n FIRM: Merger was effective Sept. 1

nearly 5.6 million square feet of space, or about 43 percent of the almost 13 million square feet of space available in the entire market.

Zacher expects the office vacancy rate will continue to decrease modestly in the coming year, especially among Class A and Class B properties. Rents are expected to rise by a small amount, although most of that increase will come in Class A space.

“It is clear that rental rates are increasing, but from a landlord’s perspec-tive, the pace of improvement has been painfully slow,” the survey noted.

Average rents currently are about $15 to $16.50 for downtown Class A space,

and $15.50 to $18 for suburban Class A space. New construction, build-to-suit space, is in the range of $18 to $25.

What new construction there was in the past year was build-to-suit, Zacher said. Franklin Electric Co. built a new headquarters campus on the southwest side of Fort Wayne, and Brotherhood Mutual is expanding its northwest quad-rant offices by about 58,000 square feet.

There are no new multitenant, or “spec” office spaces under construction or on the horizon. “Maybe the market’s coming around, but I think what’s still holding that back is that construction costs are high relative to the rents,” Zacher said. “I don’t know if its quite there yet.”

The downtown area accounts for

n OFFICE: Rental rates are slowly increasing

transistors,” Setzer said.“We would build the transistors, but

somebody has to put together the devices the transistors go into,” he said. “We can give them to ITT and they can put them into their products to have a competitive edge.

“We want to save jobs in Fort Wayne. We’re one of very few people doing this (research) and if we can get to market first, we’ll have a huge product we can help ITT with.”

ITT Exelis is among the city’s larger employers, with 690 working at its Night Vision and Tactical Communications Systems Division and 475 working at its Geospatial Systems Division.

The main product of the local Night Vision and Tactical Communications System operations has been the Single Channel Ground and Airborne Radio System. Monthly production of the radios peaked at 6,000 during 2006 and had fallen to 3,000 by 2011. The division now makes 1,000 SINC-GARS per month, or less.

Setzer said he hopes research at the Wire-less Technology Center will help ITT Exelis operations in Fort Wayne develop new prod-ucts to offset some of the lost SINCGARS production.

The center at was launched in 2008 with a $1.5-million donation from ITT and expanded the next year with $2.25 million

in grant funding from the Lilly Endowment through the Talent Initiative.

Exelis and the Talent Initiative also funded the Systems Engineering Center at IPFW, which is partnering with the Wireless Technology Center for the microwave power amplification technology project.

Much of the Wireless Technology Center’s equipment was purchased for the microwave power amplification research, and it includes one of the few systems in the world capable of taking nonlinear measure-ments of high-power microwave amplifiers.

“Basically, if you can measure all these harmonics and understand how they work, you can use that to improve the efficiency of the amplifier,” Setzer said. “This is nothing new but it’s so expensive and complicated nobody’s doing it. We’re almost four years into this project and have had a lot of success on it already.”

With funding from the Capital Improve-ment Board and the city, the center plans to purchase equipment to generate advanced radar signals used to test the 100-watt gallium nitride microwave power amplifier, to set up a fast prototyping lab for it and to extend capabilities of equipment the center already has.

“This equipment from the county and city will dramatically boost our ability to stay ahead of everybody else,” Setzer said. “If we didn’t get more capital for more equipment, we could fall behind.”


n RESEARCH: Goal is getting to market first

fwbusiness.com

n BizView n

As we draw nearer to 2014 when many provisions of the Patient Protec-tion and Affordable Care Act are implemented, the public is being inun-dated with information about how it will impact them.

It should come as no surprise, then, that the public’s awareness of such things as the new insurance market-places is growing.

However, a poll by the Kaiser Family Foundation released Aug. 28 indicates people are skeptical about the sources of information they are receiving.

Starting Oct. 1, people lacking insurance can begin enrolling in plans through online marketplaces, also called exchanges, which will be run by the federal government, 16 states and the District of Columbia. Indiana is not one of the states running an exchange. About 7 million people next year will get coverage under these policies, which take effect Jan. 1, according to the Congressional Budget Offi ce. By 2017, that number is expected to grow to 24 million people.

Supporters of the law and insurance companies have begun mobilizing to educate people about new insurance offerings, information from Kaiser Health News service said.

With newspapers, magazines and broadcast media outlets being crowded with many varying opinions about the law, particularly from partisan

lawmakers, it comes as no surprise that trust is lacking.

The new poll from the Kaiser Foundation found that 33 percent of the public reported hearing “a lot” or “some” information about the exchanges, up from 22 percent in June.

Most of the public, 81 percent, said they heard “something” about the law from the media. “But only 8 percent of respondents said they have ‘a lot’ of trust in the news media,” Kaiser reported. This, perhaps, is because the media parrots much information from lawmakers and other elected offi cials who have strong, partisan feelings about the Affordable Care Act that may or may not be accurate.

Social media ranked lowest in the poll with only 3 percent of respondents trusting this source of information.

This poll shows people need to try to seek out as much accurate informa-tion as possible. And the media, as the greatest provider of information on the Affordable Care Act, should try less coverage of the partisan bickering in Washington, D.C., and seek to provide more detailed information about the mechanics of the law, from which everyone could benefi t.

This editorial originally was published by Business Weekly owner KPC Media Group Inc.

Seeking an accurate diagnosis

Governors and mayors normally talk as if they are personally responsible for bringing jobs to their states and communities. This is nonsense. Outside of jobs with the government itself, elected offi cials have little to do with employment decisions.

Tens of thousands of private-sector decision makers are in control. The best elected offi cials can do is blow the horn for their home areas, as Gov. Mike Pence is doing with his 15-second ads on a Times Square digital billboard.

It is, however, in the nature of things that poli-ticians will pose and prance as if their programs were the decisive factors in increasing employ-ment. None of them will admit the possibility that those same actions could be the reason for unemployment.

Let us then look at the size of the tasks our governor and mayors face: As of July this year, Indiana’s jobs (full and part time) numbered just 28,100 fewer than our July peak of 2007. That is less than 1 percent of the current number of jobs. You could say Indiana is within easy reach of wiping out the job defi cit of the Great Recession.

Three Indiana metro areas (Columbus, India-napolis-Carmel and Lafayette) had more jobs in July than they did in July 2007, having reached new historic peaks for that month. They are in the best shape among the Hoosier 14 metro areas defi ned by the U.S. Bureau of Labor Statistics.

The remaining 11 metros have job defi cits off their peaks ranging from 2 percent in the Evansville metro area to 20 percent in Anderson’s metro area. The peak July for Evansville was reached in 2006, whereas Anderson, in a long-term down draft, last peaked in July 1995. No other metro has a longer period of struggling to regain its former level of jobs.

Elkhart-Goshen’s shortfall of 17,400 jobs is 15 percent of its current employment level, off a peak reached in 2006. Kokomo’s metro area and that of South Bend-Mishawaka had July peaks in 2005 and also (along with Michigan City-LaPorte) have defi cits in the double digits (12 and 11 percent).

Lesser defi cits are to be found in the Fort Wayne and Terre Haute metro areas (5 percent each) as well as in Bloomington, Gary and Muncie areas (4 percent each). While these latter fi gures are numeri-cally small, they remain blotches on the shining face each mayor would have for his or her community.

Job growth is not really a local matter. In each community, busi-nesses depend on the economic vitality of the region and the general health of the national economy. Other than that, economic development as practiced by localities and states is a form of beggar-thy-neighbor.

Draw jobs from others by competing to have either the best of services or the lowest taxes. Make claims about the quality of your labor force while existing employers complain about the defi ciencies of that same body of workers. These are the tactics of job creation our leaders know best and employ the most.

MORTON J. MARCUS is an independent economist, writer and speaker formerly with Indiana University’s Kelley School of Business. He can be reached at [email protected].

The jobs defi cit and political noise making

n

EYE ON THE PIE

Morton J.

Marcus

n EDITORIAL

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GREATER FORT WAYNE Business Weekly n September 6-12, 2013

Banking & FinanceSeptember 6-12, 2013 n GREATER FORT WAYNE Business Weekly fwbusiness.com PAGE 9

(AP) — Days of fi nding a quarter under your pillow are long gone. The Tooth Fairy no longer leaves loose change.

Kids this year are getting an average of $3.70 per lost tooth, a 23-percent jump over last year’s rate of $3. And that’s a 42-percent spike from the $2.60 per tooth that the Tooth Fairy gave in 2011, according to a new survey by payment processor Visa Inc., released recently with an update of the company’s Tooth Fairy personal fi nance app.

Part of the reason for the sharp rise: Parents don’t want their kids to be the ones at the playground who received the lowest amount.

“A kid who got a quarter would wonder why their tooth was worth less than the kid who got $5,” said Kit Yarrow, a consumer psychologist and professor at Golden Gate University.

To avoid that, Brian and Brittany Klems asked friends and co-workers what they were giving their kids. The Klems, who have three daughters and live in Cincinnati, settled on giving their 6-year-old daughter Ella $5 for the fi rst tooth that fell out, and $1 for any others. They say that $5 was enough without going overboard. They didn’t want other families to think they were giving too much.

Then Ella found out that one of her friends received $20 for a tooth.

“I told her that the Tooth Fairy has only so much money for every night, and that’s how she decides to split up the money,” said Brian Klems, 34, a parenting blogger and author of “Oh Boy, You’re Having a Girl: A Dad’s Survival Guide to Raising Daughters.”

Confused about what to give?Ask other parents what they’re giving,

said Jason Alderman, a senior director of fi nancial education at Visa. That can at least get you in the ballpark of what your kids’ friends are getting, he said. Alderman gave his two kids $1 a tooth.

“I think we were on the cheap side,” he said. Other families gave about $5 a tooth. One family gave their kid an antique type-writer. “I have no idea how they got that to

fi t under the pillow,” he said with a laugh.As part of the company’s personal

fi nance education program, Visa offers a downloadable Tooth Fairy Calculator app that will give you an idea of how much parents in your age group, income bracket and education level are giving their kids, said Alderman. The newly updated app is available for iPhones and iPads on iTunes, and the calculator is available on the Face-book apps page.

“While more money is exciting news for children, parents should take this opportu-nity to talk saving and smart money habits with their kids and have the same talk with a perhaps overgenerous Tooth Fairy,” said Nat Sillin, who runs Visa’s fi nancial education program in the U.S.

How much kids are getting from the Tooth Fairy depends on where they live. Kids in the Northeast are getting the most, according to the Visa study, at $4.10 per tooth. In the West and South, kids received $3.70 and $3.60 per tooth, respectively. Midwestern kids received the least, at $3.30 a tooth. About a third of all parents surveyed say the Tooth Fairy left a dollar or less.

Then there are the heavy hitters.After losing her fi rst tooth, 5-year-old

Caroline Ries found a $100 bill under her pillow, along with a brand new My Little Pony toothbrush and a tube of toothpaste.

But there was a catch.Her mother, Nina Ries, also left a note

saying that the $100 had to go straight to Caroline’s college fund. The Tooth Fairy would give her another $20 to spend any way she liked if she brushed her teeth every day after lunch for a month. She did, and 30 days later Caroline found $20 under her pillow.

Ries, a 39-year-old lawyer and owner of Ries Law Group in Santa Monica, Calif., said that $120 is a lot to give, but she believes that she is teaching her daughter that education and taking care of your teeth is important. Ries said her friends give their kids about $20 a tooth.

That’s way more than the $1 Ries used to get for losing her teeth as a child.

“It’s incredible infl ation,” she said.Visa randomly sampled 3,000 house-

holds by phone in July. The survey results are based on the 1,000 of those households that included a child under 13.

n InFocus n

STOCK.XCHNG

Tooth Fairy infl ationForget a quarter or even a buck; the going price is now $4

In this fi le photo, 10-gram gold bars with a purity of 999.9 that have been pressed and stamped with the “Emirates Gold” company logo, lie on display in Dubai, United Arab Emirates. Gold has surged since sinking to $1,212 an ounce, its lowest level in almost three years, on June 27.

THE ASSOCIATED PRESS

Gold price gets a lift

(AP) — Gold is having a summer revival.The price of gold recently touched $1,420

an ounce, a 3 1/2-month high, as escalating tensions in the Middle East, volatile currency markets and renewed demand for jewelry in China and India pushed prices higher.

Gold has rebounded since sinking to $1,212, its lowest level in almost three years, on June 27. A gain of 20 percent or more would put the metal back in a bull market.

Gold’s resurgence follows a rough ride this year.

Gold slumped 4.8 percent in the fi rst three months of 2013 as the outlook for the economy improved while infl ation remained subdued.

For many years prior to that, large inves-tors, like hedge funds, bought the metal as a way to protect their investments against rising prices and a slumping dollar. They feared that the Federal Reserve’s stimulus program could cause prices to rise. But infl a-tion remained subdued and that reduced the need to buy gold. Also, signs in January that the dollar was strengthening diminished the appeal of owning gold.

Then in April, the bottom fell out. A n See GOLD on PAGE 10

proposal that Cyprus sell some of its gold reserves to support its banks rattled traders, prompting concern that Spain, Italy and other weak European economies might also sell and flood the market.

Gold plunged by $140 an ounce, or 9 percent, on April 15 as investors unloaded their holdings. That was the biggest one-day decline in more than 30 years.

While the price of gold is still down 17 percent this year, the metal is on the rise.

One of the reasons people buy gold is that it offers an alternative to more tradi-tional financial assets, said Mike McGlone, director of research at ETF Securities, a provider of commodity-based exchange-traded funds. When financial markets get jittery, investors often buy gold because it is considered one of the safest assets that can

easily be converted to cash.As the stock market soared this year,

rising as much as 20 percent, investors had less need to hold gold.

That has changed the last four weeks.The Standard & Poor’s 500 index has lost

4 percent since reaching an all-time high of 1,709.67 on August 2. Traders are concerned about when and by how much the Fed will pare back on its stimulus, a major driver behind the market’s rally.

Strife in Egypt and Syria has also reminded investors that it’s a dangerous world out there: wars can spread and oil prices can spike, hurting economies and stock markets.

Investors want to add back a little insur-ance to their portfolios these days.

“If we lived in a perfect world, we would not need gold,” said McGlone. “But since we don’t, we do need something that is the

ultimate store of value.”Investors don’t need to buy gold bars or

coins to invest in the metal.Exchange-traded funds are investments

that are similar to mutual funds. Both can be bought and sold on exchanges. Some of these funds, such as ETF’s Physical Swiss Gold Shares and SPDR’s Gold Shares, allow investors to buy into trusts that invest directly in gold.

Another reason for gold’s rise: The Fed appears close to reducing its $85 billion in monthly bond purchases, and that has stirred up currency prices worldwide, particularly in emerging markets. Investors had previously borrowed in dollars at low rates and then invested in faster growing economies in Asia and Latin America.

Now that trend is reversing. U.S. interest rates have started to climb in anticipation of the Fed’s reduced stimulus. Investors are

selling their emerging-market holdings and converting the proceeds back into dollars.

The value of the Indian rupee against the dollar plunged in August on concerns that surging oil prices are pushing the country toward an economic crisis. The Indonesian rupiah has also slumped.

When currency markets become volatile, investors worldwide look to invest in safe assets that will hold their value, said Dan Heckman, a national investment consultant who specializes in commodities at US Bank Wealth Management.

“Gold does fit that role,” he said.Speculators like hedge funds were behind

the surge in gold over the last decade. That sent gold to a peak of $1,900 an ounce in September 2011. It also priced out a large part of the market — jewelry buyers in coun-tries like India and China. In those countries, people have traditionally bought jewelry as a way to invest in gold.

When prices slumped this spring, though, those buyers jumped back in because people in those countries bought more gold.

The World Gold Council, a trade group for gold mining companies, says in a report on Aug. 15 that consumer demand for gold surged 87 percent in China in the second quarter, compared with the same period a year earlier. Demand in India climbed by 71 percent.

Gold still remains far below its infla-tion-adjusted peak. It rose as high as $873 an ounce on Jan. 21, 1980. Adjusted for price increases that would be worth $2,475 in 2013.



n GOLD: Unrest in the Middle East and Fed easing have helped drive gold prices higher

BRIEFLYU.S. BANKS EARN RECORD $42.2B IN 2ND QUARTER

(AP) — U.S. banks earned more fromApril through June than during any quarter on record, aided by a steep drop in losses from bad loans.

The Federal Deposit Insurance Corp. said the banking industry earned $42.2 billion in the second quarter, up 23 percent from the second quarter of 2012. About 54 percentof U.S. banks reported improved earningsfrom a year earlier. Banks’ losses on loanstumbled 30.7 percent from a year earlier to$14.2 billion, the lowest in six years. Andbank lending increased 1 percent from thefirst quarter. Greater lending helps boost consumer and business spending, leading to more jobs and faster economic growth.

Still, the report showed that the largest banks continue to drive the industry’s profitswhile smaller institutions have struggled.Banks with assets exceeding $10 billion make up only 1.5 percent of U.S. banks. Yet they accounted for about 82 percent of theindustry’s earnings in the April-June quarter.


It’s not too late to nominateThe deadline to submit nominations for

Greater Fort Wayne Business Weekly’s eighth-annual Innovation Awards has been extended to Oct. 1.

The program recognizes business innova-tions in the following categories: emerging company; health care; retail; manufacturing and distribution; professional services; real estate, construction and design; and technology. One nominee is chosen as a winner in each category, and then a panel of judges that includes some of northeast Indiana’s most successful business profes-sionals selects one of the category winners to receive the overall award as Innovator of the Year.

Nominees may be startups, large corpo-rations or anything in between, but must be located in one of the 16 counties Busi-ness Weekly serves: Adams, Allen, DeKalb, Huntington, Kosciusko, LaGrange, Noble, Steuben, Wabash, Wells and Whitley coun-ties in Indiana; and Defiance, Paulding, Van Wert and Williams counties in Ohio. Firms may enter in multiple categories.

“Innovation” is the key word to keep in mind when submitting a nomination. The innovation may be a new business concept or a new product or service, or may improve quality and/or production processes, extend product range, create new markets, reduce labor and materials costs, reduce energy

consumption or reduce damage to the envi-ronment.

To submit a nomination, go to FWBusi-ness.com. Scroll over “Events” in the navigation bar and click on “Innovation Awards.”

FILE PHOTO

BRIEFLYALLEN COUNTY

UNITED WAY WANTS TO RAISE $5.1 MILLION

The United Way of Allen County has set a goal for the 2013 campaign of $5.1 million.

Supporters gathered at Parkview Field Thursday for the announcement of the new goal. United Way raised $5,042,407 in its last campaign.

“United Way has deep roots in our community with donors, advocates and volunteers who get involved to make Allen County a better place for all of us,” said Chris Sosebee, director of business development at Weigand Construction and United Way’s campaign chair.

During the 2012 community campaign, there were more than 250 workplace campaigns and 10,000 donors who made gifts to United Way.

United Way’s community campaign supports its own initiatives as well as more than 60 programs at agency partners.

A matching grant for gifts to United Way is in place again this year from the Robert Goldstine Foundation. The grant matches net new or increased leadership level gifts ($1,000 or more) to United Way. In 2012,

the Goldstine Foundation grant helped bring more than $50,000 new dollars to the community campaign.

STEUBEN COUNTY

TRINE HOSTS BOOK COLLECTIONTrine University will host a collection of

early and first-edition books and manuscripts focused on human dignity and individual liberty.

The books, including a Gutenberg Bible leaf from 1455, Abraham Lincoln’s Gettys-burg Address from 1863, a 16th-century Hebrew Torah and “The Origin of Species by Means of Natural Selection” by Charles Darwin published in 1883, will be available for students and visitors to view and to read, courtesy of The Remnant Trust based in Winona Lake. Trine will have a collection on loan from The Remnant Trust through May.

Visitors are encouraged to view The Remnant Trust collection in Wells Gallery in the Taylor Hall of Humanities. A grand opening is set for 11 a.m. to 2 p.m. Sept. 8. Additional hours are 1-3 p.m. Sept. 14; 11 a.m. to 1 p.m. Sept. 15, 1 to 3 pm. Sept. 21; and 11 a.m. to 1 p.m. Sept. 22. Additional hours will be announced.

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Left to right: Luke Squires, Stephanie Gonzales, Joseph O’Connor, Larry Mayers, Jamie Bankert, Tim Rice, Dave Voors, Jan Wilhelm, Jon Painter


When negativity surrounds you, it’s time to find your happy placeI caught a few

minutes of the popular TV show “Duck Dynasty” the other day to see what all the hoopla was about. The hit reality series is just the opposite of about every other reality show out there. It’s a functional family who love each other and for all intents and purposes seem happy. In fact, if you’ve seen the show, you’re likely familiar with the fami-ly’s patriarch, Phil Robertson, and his mantra, “happy, happy, happy.” This made me think of a book I read several years ago called “The Happiness Advantage.”

The author, Shawn Achor, postulates that while our brains are hardwired to perform at the highest levels when we’re in a posi-tive state of mind, we too often find reasons for putting off happiness. We’ve all done it. “When I land that new account, I’ll be happy,” “When I lose 10 pounds, I’ll be happy,” “When I get that big promotion, I’ll be happy.” The problem is on the way to achieving those goals we’re putting ourselves

in a holding pattern that makes it harder to reach them.

Beyond putting off happiness ourselves, outside forces often combat happiness and positivity. I’ve worked alongside negative people in the past who are not only negative about work, but life outside of work as well — family, friends, society in general. It’s a draining experience and unfortunately nega-tivity can be catching. After being around negative people, I’ve ended up in a sour mood, feeling as if it were me against the world.

Another way I’ve found that negativity can creep in is when you dwell on the past or worry incessantly about the future. A wise person once said, “There are two days in every week about which we should not worry… Yesterday with its mistakes and cares, its faults and blunders, its aches and pains. Yesterday has passed forever beyond our control. The other day we should not worry about is tomorrow with its possible adversities, its burdens, its large promise and poor performance. Tomorrow’s sun will rise. Until it does, we have no stake in tomorrow, for it is yet unborn.”

While you can’t affect something that’s already happened, you can affect the perspec-tive you take on it. And while there are many elements of your future you can’t control, you

can decide to focus on those you can.But there is light at the end of the tunnel,

according to Achor and many others out there who study the effect of positivity on our lives. They theorize that we can actually train our brains to be more positive. For example, we can try to avoid tackling too many things at once. When we focus on small, manage-able goals, we feel more in control. Another example involves turning failures into oppor-tunities. If you think you had a great idea or solution for a customer, but he or she turned it down, that doesn’t mean you should just give up on it and assume it was a bad idea. Maybe the idea would work for another customer.

You can spread positivity by not limiting yourself or others around you. One belief I’ve always adhered to in my company is you never know where the next great idea will come from. It might be a new business idea from someone in the admin department or a new idea for how to streamline an internal process from someone on the creative team. That’s why I’m open to ideas from anyone in my company. In fact, some of the most inspired ideas I’ve received have come from the most unlikely sources.

Autonomy is another factor that I believe breeds positivity in the workplace. When you’re given autonomy to do your job, you

take responsibility for your actions and youfeel more in control. I’m not talking aboutbeing a control freak, but focusing on thoseareas that we can control.

Whatever your take is on happiness, therecertainly seems to be some validity in thetheory that positivity can give you a distinctadvantage when it comes to attaining yourgoals in life. With all that can be achieved bythinking positively, the value of being “happy,happy, happy” is apparent. Phil Robertsonmay just be on to something with his now-fa-mous mantra.

My entrepreneurial confession: I’vegotten pulled into negative “group” thoughtwhen I’ve been surrounded by negativepeople. And while it’s sometimes difficult toturn the tide against negativity and embracethe positive, it’s always been well worth theeffort.

BARRY LABOV, a two-time Ernst & Young entrepreneur of the year and inductee into the Entrepreneur Hall of Fame, is founder, presi-dent and CEO of LaBov Marketing Commu-nications and Training in Fort Wayne and co-owner and president of Sycamore Hills Golf Club. He has written or co-authored more than a dozen business books, and he blogs at www.barrylabov.blogspot.com.

n

BARRY LABOV

Pablum leadership words really bug me, but not as badly as they may bug you if they’re uttered by your leader.

Leaders are known by their words, deeds, actions, values, prin-ciples and the people they attract both on their team and in the world, but …

• It’s their words that set the tone for the environment.

• It’s their words that start the internal chatter.

• It’s their words that start their internal reputation.

Then it’s the actions that follow. All are studied and judged by the team.

Obvious observation: Great leaders attract great people. So why is there so much leadership mediocrity? Must be their words (and the way they’re spoken).

I read a lot of stuff about leaders and leadership. Below are a bunch of leadership “words” (in no particular order) that sound good but mean virtually nothing. You’ve heard them and groaned about them.

• Embrace means you’re OK with it, but not necessarily a participant. Not good. I don’t want leaders to “embrace change.” I want a leader that takes action. Action is a better word because it means something’s happening.

• Accountable means they fess up if (and after) something goes wrong, and results are measured. Responsible is a better option. Be responsible for yourself and to yourself. Be responsible for your words and deeds. Be responsible for your attitude. Be responsible for your achieve-ments.

• Effective. To me, effective means medi-ocre. Sort of carries a “so-what” feeling to it. I really don’t want an effective heart surgeon. I want the best. He’s an effec-tive salesman? Or he’s the best salesman? Which would you rather have?

• Diversity. I really don’t know what this means in business. It’s a word spoken by many, understood by few. I guess it refers to hiring and doing business with all types of people and businesses. Sad that the world has to come to this. It seems forced.

When leaders preach diversity, they have to make a special effort rather than a natural effort. I prefer the word inclu-sive. It tells a deeper tale of involve-ment, and is a positive word that needs no defining. It’s also singular. I’m inclusive. “I’m diverse” or “I’m all about diversity” sounds contrived.

• Focus. This is a word that means the leader is “honed in” on something, and that’s what he or she is paying major attention to. I would rather know from my leader what his or her intention is, and what the intention is to do something about what you’re focused on. Just because you’re focused on something doesn’t mean you intend to do something about it.

• Understand. You’re kidding me, right? This is a totally weak and passive word. Bob understands or Bob is understanding. So what? Is Bob doing anything about it? That’s leadership. I want someone who knows what to do and does it. I want an expert. When I have an issue, do I want to bring it to someone who understands, or do I want to bring it to an expert?

• Paradigm. This is a two-decade-old word that has lost its way. Sometimes

it’s accompanied by the word “shift” and means there’s a new way. Change is argu-ably the most negative word in business besides bankrupt. A better word is oppor-tunity. When change occurs or there’s a paradigm shift, doesn’t it make a whole lot more sense to look for the opportunity? I agree.

• Results. Bob is results-oriented. Bob focuses on results. Not good. Bob needs to lead his people and convey his intensions. A better word is outcome. Outcome takes both people and task into consideration and stresses what happens after completion.

• At the end of the day is a summary of expectations and predictions — usually stated in the negative. When people say this I can assure you they’re just searching for words. At the end of the day has no alterna-tive. The phrase should just be eliminated

forever.Reality: Think about all these words in a

group. As a leader, which group would you like to have attributed to you?

Group 1: Embrace, accountable, effec-tive, diversity, focus, understand, para-digm, results, at the end of the day.

Group 2: Action, responsible, best, inclusive, intention, expert, opportunity, outcome.

Group 2 will consist of proactive, powerful, respected, followed leaders. Group 1 will consist of reactive, weak,disrespected leaders who lose their bestpeople – to the leaders of Group 2. Embracethat paradigm.

JEFFREY GITOMER, a syndicated columnist, can be reached at [email protected].

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You’re judged by the words you use, so use the right onesn

JEFFREY GITOMER

RE/MAX RESULTSThe John Sullivan team at Re/Max

Results in Fort Wayne finished sixth in the state for closed sales in June for Re/Max Indiana.

HERITAGE PARKJennifer Deturk joined Heritage Park in

Fort Wayne as a wound care specialist. She is an LPN.

FETTERS CONSTRUCTIONScott Kleinknight was hired as senior

project manager at Fetters Construction Inc. in Fort Wayne.

Beth Gibson was hired as senior project manager.

Laura Lichauer was hired as marketing/administrative assistant.

KIDDIE ACADEMYRobin Becher was named director of

Kiddie Academy of Fort Wayne. She has more than 14 years of experience as an educator and director.

ANTHONY WAYNE ROTARYThe Anthony Wayne Rotary Club

announced its new officers and board of

directors for 2013-2014. They are: president, Bryan Sharp, Perry ProTech; president-elect, Carol Keplar, Hallmark Home Mort-gage; vice president, Fred Haigh, teacher and writer; past president, Amber Recker, Cancer Services of Northeast Indiana; secretary, Larry McChessney, McChessney Appraisal Services; and treasurer, Troy Heisler, Bob Buescher Homes.

Members of the board of directors are: Paul Bouza, BRC Rubber & Plastics Inc.; Deb Conklin, Indiana Universi-ty-Purdue University Fort Wayne; Lynette Fager, Business People; Sarah Horacek, the Towne House Retirement Community; Pam Joachim, Aaron Chiro-practic; Robert Moore; Brian Pickering, Burkhart Advertising; Dr. Mark Stetzel, Stetzel Dental Group; Jeff Walls, Indiana Tech; and John Waszak, A.J. Michaels & Associates.

PATHFINDER SERVICESPathfinders Services recently

recognized six of its Wabash employees for their years of service to the organization. They are: Lynn Thompson, community support coordinator, 25 years; Sandy Baber, administrative assistant, and Judy Overman and Kathy Thompson, resi-dential assistants, 10 years; and Jana Olinger, residential manager, and Susan Smith, community support specialist weekend, five years.

SHAMBAUGH & SONRodney Corson was hired as sales engi-

neer security and life safety at Shambaugh & Son in Fort Wayne.

David Kuntz was hired as service manager.Joshua Skinner was hired as control

specialist.

BROTHERHOOD MUTUALDan Book was promoted to vice presi-

dent-sales at Brotherhood Mutual in Fort Wayne. He joined the company in 1989 and most recently was assistant vice presi-dent-sales and agency operations.

Mitzi Thomas was promoted to vice president-marketing. She joined Brotherhood Mutural in 1995 and most recently was assis-tant vice president-marketing and communi-cations.

USSIUSSI in Columbia City recently announced

several promotions. They are:• Timothy Barnes was promoted to

product manager II.• James Vernot

was promoted to senior mechanical engineer.

• Aaron Winteregg was promoted to senior electrical engineer II.

• Matthew Philhower was promoted to senior buyer.

• Edward Chase was promoted to staff mechanical engineer.

RUOFF HOME MORTGAGEColleen Petras was named the top loan

originator companywide for the month of Julyat Ruoff Home Mortgage in Fort Wayne.Larry Dickey Jr. was the top loan originator for the company’s southwest Fort Wayne office.

INDIANA TECHAshley Barnholt was hired as an asso-

ciate admissions counselor at Indiana Tech’s Fort Wayne campus.

Nick Johnson was hired as an interna-tional admissions counselor.

3RD CONGRESSIONAL DISTRICTKevin Howell was appointed to serve as

constituent liaison for the Fort Wayne office of U.S. Rep. Marlin Stutzman, R-3rd. Howellserved in the Marine Corps and has worked asa teacher at area school districts.


n PEOPLE ON THE MOVEE-mail your People on the Move items to [email protected].

Thompson

Skinner

Johnson

Becher

Kuntz

Barnholt

Lichauer

Corson

Dickey

Gibson

Olinger

Petras

Kleinknight

Overman

Thomas

Deturk

Baber

Book

Howell

BY AARON [email protected]

Just before vehicles began crossing the blocks at the Auctions America Auburn Fall show and sale Aug. 29, auction officials took the time to thank sponsors, bidders and patrons.

They told the crowd in the main auction building at Auburn Auction Park that the company is working to “put Auburn back on the map.”

On Aug. 31, after the third of three Duesenbergs sold for quite literally a fortune, the auctioneer proclaimed, “Auburn is back,” enticing a roar from the audience crowded into the arena.

After a Labor Day weekend that saw sales rise well past $20 million, with more than 1,100 vehicles and attendance significantly heightened, it appeared the auction company met its goal.

“I think Auburn is back on the map,” said Auctions America auction manager Keith Koscak. “A lot of people put a lot of hard work in over the last three years to really turn this place around, and we’re obviously committed to supporting the town and the community and growing what we have here. And I think, as a result, we’ve seen a steady increase not only in gate traffic but also a growth in number of cars consigned year after year, and also dollar value sold has grown as well. And now with the national coverage we’ve had with NBC Sports, I think that certainly puts Auburn back on the map.”

Koscak said that while official numbers weren’t available, more than 51,000 people were funneled through the park’s gates through Saturday, a number expected to balloon after an unusually busy Sept. 1.

Three Duesenbergs were the weekend’s top-grossing vehicles, highlighted by the sale of a stunning 1930 Model J Convertible Coupe for $1.4 million Aug. 21. Two others sold for $875,000 and $780,000, respec-tively. A 1973 Ferrari 365 GTB/4 Daytona also sold for $395,000.

Comparatively, last year’s show produced just three cars that drew more than $200,000.

In addition to the quality of vehicles that crossed the block this weekend, the quantity was undeniable. Auctions America pushed more than 1,100 vehicles across its dual blocks through the four-day auction.

And they sold. Koscak said Aug. 31 alone saw 80 percent of lots sold.

“It’s been a great, great weekend,” said Koscak. “We’ve had some really high sales this weekend and a lot of people here; atten-dance is definitely up from last year.”

Auctions America has made more than $2 million in upgrades and improvements to the auction park since taking over the 42-year-old Labor Day weekend tradition

four years ago. Koscak said the staff has worked tirelessly to grow the event.

Auctions America has put increased effort into drawing celebrities to the auction, and offered family-friendly events such as monster trucks, helicopter rides and a moto-cross show. The deal with NBC Sports Network that broadcast the auction to 80 million homes was icing on the cake.

“We’re committed to being here, growing this place and growing Auburn Spring and Auburn Fall and making it the place to be to sell your collector car,” said Koscak. “It’s a nice weekend to enjoy with your family, and we’re happy to be in Auburn.”

This story originally appeared in The Star, which is published by Business Weekly owner KPC Media Group Inc.


A ringman watches for bids on a collector car Sunday at Auburn Auction Park. THE STAR

Duesenbergs drive rebuilt auction


Sept. 3, more than a week ahead of a “GM Truck Homecoming” the company was organizing to celebrate the launch of its next-generation Chevrolet and GMC Sierra pickups in Fort Wayne on Sept. 14. The dealer briefi ng, plant tour and drive-off with the new trucks was to take place three days ahead of the homecoming.

Some features of the redesigned pickups the company highlighted in an April announcement include: a more powerful, more effi cient EcoTec3 engine; a six-speed automatic transmission; disc brakes with Duralife rotors; and a new bed with stan-dard box rail protectors and a “Corner-Step” bumper.

Double-cab models, which have replaced the extended cab, now have forward-hinged rear doors. Kelley said a new pillar between the front and rear seats adds to the integrity and strength of the cab area.

“The new interior is more comfortable; it’s much quieter,” he said. “For a truck, it rides unbelievably; it rides like a car.”

The redesigned pickups have been in production since July at GM’s plant near the intersection of U.S. 24 and Inter-state 69, following a summer shutdown to

complete retooling.The company announced in October

2011 that it would invest about $275 million to prepare the plant for that produc-tion, and “over the last two years we have been making changes and preparations for the next-generation truck,” said Stephanie

Jentgen, plant communications manager.“We completely switched over in July

when we came back from our fi nal shut-down for the retooling, and we’ve just been ramping up the numbers we’ve been building of the new one and making sure the quality is absolutely where we need it to be,” she said.

The plant builds about 1,480 of the trucks per day at full production, and it has a goal to be at full production by mid-Sep-tember, Jentgen said.

Months before the facility began building the redesigned trucks to ship to dealers, it did pre-production pilot builds to see how the new equipment there would work and how suppliers would do with the new components they were making, she said.

The plant also had to see that produc-tion processes were optimal with the new equipment, and it sought the insight of the union that represents its hourly employees — United Auto Workers Local 2209 — to make sure the processes were ergonomic as well as effi cient.

“It was not just something management was involved in; it was a joint process with team members from UAW 2209,” Jentgen said. “They’re the folks working daily putting the trucks together, and their input

and feedback was invaluable.”Rich LeTourneau, shop chairman for

Local 2209, had predicted that because the redesigned pickup truck was more complex and involved more parts, and would require some outsourced work to be brought in house, it would take 400 to 600 more workers to build.

Jentgen said the plant eventually hired 400 more workers to build the redesigned trucks, bringing the size of its work force to about 4,400 over three shifts.

Disagreement over the size of the work force that would be required had drug out negotiations on a plant-level labor contract after Local 2209 approved a national four-year labor deal with GM in September 2011. The local’s website shows a plant-level contract fi nally was ratifi ed in August.

Members of the local were part of a core team that studied the best way to assemble the redesigned pickups, and some of them were among a group that lived in Warren, Mich., briefl y so they could work directly with engineers who were developing the production processes.

“If there was a part that was diffi cult to put in, they’d say, ‘Hey, why don’t you try this?’” Jentgen said. “I call it a new GM. It’s much more collaborative, much more effi cient and much more successful.”


n PICKUPS: Local 2209 members help make the manufacturing process more ergonomic‘GM TRUCK HOMECOMING’

When: Sept. 14. Parking opens at 8 a.m.; festivities start at 10 a.m.

Where: Northeast parking lot of Allen County War Memorial Coliseum

Dignitaries: Will include Jully Burau, GM chief engineer for the Silverado and Sierra program, who will offer a welcome presentation.

GM Truck Parade: Limited to the fi rst 500 GM truck owners registering at www.gmtruckhomecoming.com. A goody bag will await them at a welcome tent.

GM Fun Truck Show: Will award prizes for oldest and newest GM trucks, most mileage on a GM truck and the truck that traveled the greatest distance to reach the event.

Parking: $5 for cars, motorcycles or vans; $13 for recreational vehicles. More than 1,500 GM pickup trucks are expected.

n Greater Fort Wayne Business Weekly TopList

n


n Greater Fort Wayne Business Weekly TopList

n


BRIEFLYKOSC IUSKO COUNTY

EARNINGS RISE AT BIOMETFinal figures from Biomet Inc. showed

strong performance by its sports, extremi-ties and trauma product category contrib-uted to 27-percent earnings growth during its fourth quarter ended May 31, excluding the after-tax impact of special items.

The Warsaw-based orthopedics company reported fourth-quarter earnings of $133 million, which were up from $105.1 million for the same period last year, excluding special items in both quar-ters.

Without excluding a $354.2-million after-tax impact of special items, Biomet would have lost $221.2 million during the fourth quarter.

The largest special items for the most recent quarter included a $233.3-million goodwill and intangible assets impair-ment charge, $81.1 million in amortization and depreciation, $25.5 million in litiga-tion settlements and legal fees and $23.5 million in restructuring costs.

An announcement said the latest figures replaced a July 11 Biomet earnings release and included “the finalization of the good-will impairment charge related to the Europe reporting unit and the correction of certain income tax accounts, which did not impact net sales.”

The company’s net sales increased 6 percent to $783.9 million, with $435.2 million from its large joint reconstructive product category, $159.2 percent from sports, extremities and trauma, $68.5 million from dental, $67 million from spine and bone healing and $54 million from other.

Sales of its sports, extremities and trauma (SET) product category rose 62 percent.

For Biomet’s fiscal year, earnings rose 46 percent to $368 million, from $251.8 million for the comparable prior-year period, excluding special items both years.

The largest special items for FY 2013 included a $567.4 million goodwill and intangible assets impairment charge, $302.7 million in amortization and depreci-

ation, a $171.1-million loss on extinguish-ment of debt, $57.9 million in litigation settlements and legal fees, $40.3 million in restructuring costs, $39.6 million in stock-based compensation expense and $23.1 million in product rationalization charges.

“Our consolidated net sales for fiscal 2013 increased 8 percent on a reported basis and grew 9 percent at constant currency, resulting in another record year of net sales,” Jeffrey Binder, Biomet presi-dent and chief executive officer, said in the announcement.

“Fiscal 2013 was a very important year for our SET franchise, which had a fabu-lous year. We began the phased closing of our trauma acquisition last June and the team did a great job with the execution of the integration throughout the year,” he said.

“Overall, SET sales reached $600 million for the full fiscal year, repre-senting 20 of our worldwide consolidated net sales. Even if we exclude the trauma acquisition from our results, our full fiscal year SET sales still grew at a rate of greater

than 10 percent at constant currency, led by continued strong double digit growth inour extremities product line.”

LAKELAND NAMES NEW CEOMike Kubacki will step down as chief

executive officer of Lakeland Financial Corp., effective next April.

The Warsaw-based parent of Lake CityBank announced Sept. 4 that Kubacki would be succeeded in the position byDavid Findlay, who already serves as Lake-land’s president and chief financial officer.

Kubacki will remain as executive chairman of the board through 2016. The bank company has begun a search for someone to replace Findlay as CFO.

“This decision is the next step in an ongoing management succession process that the board has been implementing forthe past several years. I have worked veryclosely with David for the past 13 years and have absolute confidence in his ability tolead the bank. He has been instrumental in our success and will be an excellent CEOgoing forward,” Kubacki said

n BizLeads nSeptember 6-12, 2013 n GREATER FORT WAYNE Business Weekly fwbusiness.com PAGE 19

RESIDENTIALBUILDINGPERMITSFORT WAYNEABOITE TOWNSHIPWannemacher Design Build LLC2115 Lake Front Drive$245,000

ST. JOSEPH TOWNSHIPColonial Homes, Inc.6117 Lineage Way$169,900

LEO-CEDARVILLECEDAR CREEK TOWNSHIPCarriage Place Homes Inc.9422 Yellow Feather Court$147,300

ALLEN COUNTYABOITE TOWNSHIPLancia Homes15294 Cypress Pointe Drive$92,000

Granite Ridge Builders Inc.13740 Beal Brook Pass$151,974

Bob Buescher Homes14723 Sandstone Drive$238,600

Windsor Inc.14915 Sandstone Drive$245,768

CEDAR CREEK TOWNSHIPChapel Homes16926 Lochner Road$298,000

Ottenweller Builders Inc.15757 Viberg Road$340,000

EEL RIVER TOWNSHIPHeller & Sons Inc.4324 Fairweather Drive$209,000

JACKSON TOWNSHIPSpangler Construction8332 Martin Road$255,000

LAFAYETTE TOWNSHIPHeller & Sons Inc.9318 Prairie Meadows Drive$190,000

LAKE TOWNSHIPHawthorn Valley Enter-prises Inc.6943 Desdemona Crossing$102,098

PERRY TOWNSHIPT&M Construction12421 Gondola Parkway$240,000

Granite Ridge Builders Inc.11292 Belleharbour Cove$285,546

Granite Ridge Builders Inc.11215 Belleharbour Cove$238,185

ST. JOSEPH TOWNSHIPFoster and Park Homes7013 Weymouth Lane$201,000

Classic Homes by Graber Brothers Inc.8061 Young Road$300,119

REAL-ESTATETRANSACTIONS468063118 Reed St.From AJ Property Manage-ment to Eisaman Real Estate Inc.$11,500

201 E. Maple Grove Ave.From Allen County sheriff to Bank of America, N.A.$76,103

3316 Fruehauf DriveFrom Christopher J. Homco to Richard T. Kaough Trust$25,400

5207 Werling DriveFrom HUD to Domanick E. Hatch$30,080

4633 Hanna St.From Eisaman Real Estate Inc. to Imperial Valley Prop-erties LLC$21,000

4523 S. Park DriveFrom V&A Morningstar living trust to Elida G. Toledo$19,000

3610 Wayne TerraceFrom Allen County sheriff to FNBNI LLC$15,214

4118 Lillie St.From Homereplay LLC to Equity Trust Co.$10,000

4525 Gaywood DriveFrom Homereplay LLC to Equity Trust Co.$10,000

3614 Abbott St.From Kathleen S. Hockman and Paul A. Azar to Jordan S. Jayme$29,000

3617 Oliver St.From IRA Services Trust Co. to James A. Jones$8,000

468076224 Webster St.From Allen County sheriff to Fannie Mae$48,164

5319 Fairfield Ave.From Carla L. Noel to Gary and Pattie Gatman$19,000

911 W. Oakdale DriveFrom Allen County sheriff to Freddie Mac$66,000

4309 Tacoma Ave.From Allen County sheriff to Jeff A. Piazza$57,151

1136 Kinnaird Ave.From Allen County sheriff to Bradford Pepple Roth IRA$16,331

922 Illsley DriveFrom Matthew E. Hans and Robert M. Johnson to Robert M. Johnson$28,000

1115 Maple Ave.From Eisaman Real Estate Inc. to Imperial Valley Prop-erties LLC$34,000

5425 Webster St.From Eisaman Real Estate Inc. to Imperial Valley Prop-erties LLC$28,000

1002 Prange DriveFrom Candice R. Hamilton to John Sanchez$170,000

5609 S. Wayne Ave.From Barbara J. Grimmer to Karen L. Becher-Voirol$45,000

351 W. Woodland Ave.From Aaron J. and Megan E. Butler to Catherine F. Wood and Jerry Williams$85,000

3225 Webster St.From HUD to Leticia Hernandez-Sedano$24,020

2402 Bellflower LaneFrom Bank of America to Fannie Mae$83,686

468082430 N. Wells St.From Randell L. and Jeanne L. Burton to Rick Widmann$30,000

1728 Grafton PlaceFrom HUD to Christopher M. and Amanda M. Pressler$108,300

2523 Leesmoor LaneFrom the estate of Dino J. Maraldo to Brian M. Griggs$93,000

818 Archer Ave.From Freddie Mac to Eric Sanchez$35,000

2517 Cambridge Blvd.From Allen County sheriff to the Bank of New York Mellon$44,910

6207 Buckners CrossingFrom Frederick C. James to Robert A. Fleener$250,000

418 Clayton Ave.From Robin C. Hayes to Sonie J. Kitzmiller$39,600

2719 Spring Creek DriveFrom Barry and Jean M. Light to Jerome V. and Angela N. Johnson$223,000

1918 Emerson Ave.From Beverly J. Ellis to Joshua Trudel$21,250

4408 Bass RoadFrom Fall Creek Devel-opment Corp. to Macy’s Rental$129,750

4510 Bass RoadFrom Fall Creek Devel-opment Corp. to Macy’s Rental$129,750

1637 Rumsey Ave.From Gretchen K. and Michael S. Gouloff to Timothy A. and Kylie A. Popenfoose$82,500

3512 Cavalier DriveFrom Master Mark Group to Marco Development LLC$460,000

1430 Dividend RoadFrom McNaughton Realty to M&S Endeavors LLC$400,000

1725 Clover LaneFrom Virginia S. Yahne to Sharon L. Fitzgerald$56,950

468095615 Gates DriveFrom Allen County sheriff to JPMorgan Chase Bank NA$29,820

3710 Elmhurst DriveFrom Lake City Bank, sucessor trustee of the Harrison family trust, to Max L. Lane$70,500

3008 Witchwood DriveFrom James L. Leitch to Robert D. Stewart and Pamela A. Guinn$28,000

3615 Three Oaks DriveFrom Allen County sheriff to the secretary of veterans affairs$66,097

2711 Fairoak DriveFrom Allen County sheriff to Bank of America NA$79,583

4125 Three Oaks DriveFrom Westport Homes of Fort Wayne Inc. to Kanwar Sulina$129,825

7306 Bradbury Ave.From HUD to Laurence R. Walker$21,251

9022 Kress RoadFrom Etta A. Becraft Estate to Joshua Waltman$100,000

468145631 Sherington RoadFrom Dennis L. and Leslie L. Wible to Stacy Wagoner$167,500

1936 Calais RoadFrom Shang H. Liao and Hui-Ju Lee to Jeffrey D. and Julie A. Junk$313,000

2229 Lighthouse LaneFrom Philip A. Cowart to Corey D. and Katelyn A. West$208,900

13130 Redding DriveFrom William B. and Peggy L. Meads to Andrew C. Hathaway and Rachel M. Schenk$160,000

2948 Mediterra LaneFrom Granite Ridge Builders Inc. to George T. John$56,900

11516 Bittersweet Creek RunFrom Thomas J. and Cindy L. Overmyer to Gregory and Jill E. Caudill$460,000

241 Cabrillo CourtFrom Lancia Homes to Jaymee M. and Travis J. Martin$173,400

14824 Remington PlaceFrom Palatial Homes Inc. to Angela G. Brittsan$579,500

320 Union Station DriveFrom Lancia Homes Inc. to Babette M. Hetman-spergers and Nicholas R. Gray$155,500

6002 Hemingway RunFrom Granite Ridge Builders Inc. to Jarrod K. and Betty L. Eliot$225,988

14934 Remington PlaceFrom Heron Developers LLC II to Palatial Homes Inc.$88,500

13758 Hamilton Meadows LaneFrom Illinois Development LLC to Granite Ridge Builders Inc.$28,435

2001 Grey Birch RoadFrom Pamela R. McCulloch to Matthew R. Petrill$316,000

13421 Paperbark TrailFrom Michael S. Busse to Todd and Nicole A. Wimmer$439,000

6110 Waterside DriveFrom Virginia R. Roesler to Donald P. and Sarah L. Ross$215,900

4330 Winding Brook RoadFrom Robert J. and Michelle L. Hatfield to Jeffery D. and Stacey A. Hudson$1,050,000

15006 Bristlecone CourtFrom Troy C. and Kate M. Mann to Achar Ashwini$133,500

3118 Greythorne CourtFrom Timberlin Homes LLC to Michael D. and Jennifer A. Evans$508,400

3506 Strand CourtFrom Heron Developers LLC II to Stephen D. and Heather Regan$95,500

5832 Twynestel CircleFrom Donald Bunsold to Douglas F. and Janel M. Harber$139,000

13723 Beal Brook CourtFrom Granite Ridge Builders Inc. to Arfak Uddowlah$159,533

468152717 Glencairn DriveFrom Michael J. Scheffer to Michael Lash$109,000

8447 Trier RoadFrom Dorothy L. Hinton to J.R.P 11 LLC$74,500

7618 Placer RunFrom Lisa M. James to Elena Morales$88,000

2312 Buckhurst RunFrom Jeffrey D. and Emilie A. Robertson to Heller & Sons Inc.$22,000

6821 Lake Valley CourtFrom Holly J. Carson to Melissa and Jonathan Keller$99,900

8023 Welshire Blvd.From the estate of Hele A. Kyrou to Kevin L. and Lisa M. Anderson$173,000

3818 Stanton Hall ParkwayFrom Miles Stepney to Andrea D. Bair$106,000

3814 Maplecrest RoadFrom Fahad S. Alkhattaf to Gary L. Carnahan$82,000

5221 Trier RoadFrom Charles E. and Patricia J. Putman to Matthew A. and Melanie R. Zeeb$120,000

2605 Silver Wolf TrailFrom Kenneth L. Debrosse to William R. Copeland$162,000

2719 Briar Bush LaneFrom Miguel A. Guzman to Tina J. Lobsiger$99,800

3315 Thames DriveFrom James and Ann Wooton to Adam and Sarah Clark$89,000

2105 Cimarron PassFrom the Allen County sheriff to Freddie Mac$89,000

3409 Blackfoot CourtFrom Joshua P. and Rachel S. Haber to Colin and Kasi Maple$165,000

PAGES 19-20

READER’S GUIDE BizLeads is a collection of information gath-ered from northeast Indiana courthouses, state government offices and informational Web sites. These listings are intended to help companies find new customers as well as stay on top of happenings with current customers, vendors and competitors.

New Businesses lists firms that were recently incorporated in the state of Indiana. Information is gathered from the Indiana Secretary of State. Addresses listed may not be the actual address of the business.

Building Permits are issued by the Allen County Building Department during the specified period of time.

Real Estate is a list of agricultural, commer-cial, industrial, and residential real estate sales recorded by the state of Indiana.

Bankruptcies are from the United States Bankruptcy Court, Northern District of Indiana. For complete data involving a particular filing please access the The PACER Service Center, the Federal Judiciary’s centralized registration, billing, and technical support center for electronic access to U.S. District, Bankruptcy, and Appellate court records. Its Web site URL is http://pacer.psc.uscourts.gov.

Patents include the following: Patent number, local inventor and assignee, brief description, filed date and approved date. Source: United States Patent and Trademark Office.

Listings may vary due to information availability and space constraints.

1908 Montgomery CourtFrom Kenneth L. and Phyllis S. Miller to Kyi Aye and Tu Tu$100,000

6833 Woodcrest DriveFrom Theodore D. and Robin L. Ramp to Eric J. Thompson$111,000

3025 Bracebridge PlaceFrom Jeffrey P. and Jennifer L. Judy to Jerry L. and Susan Rathbun$75,700

3734 Pineview DriveFrom Philip A. Pelz to Kath-leen T. Flory$87,500

4332 Oakhurst DriveFrom the living trust of John E. Boone to Amanda E. Coates$95,000

4527 Dodge Ave.From David N. Hart to Ah Moo and Naunt Hlahlahtwe$71,000

2523 Repton DriveFrom Venture Property Investments LLC to Elizah F. Weating$80,000

3808 Nantucket DriveFrom David W. and Valli R. Dietz to Jeffery P. and Jennifer L. Judy$157,000

468162933 Elmdale DriveFrom Della D. Jackson to Beneficial Financial I Inc.$86,982

BANKRUPTCIESADAMS COUNTYThomas E. and Melissa J. Adams205 E. Shore DriveGeneva, IN 46740Assets: $338,331Liabilities: $416,752

Lance A. Sprunger1304 U.S. 27 N.Berne, IN 46711Assets: $5,631Liabilities: $195,372

Michael D. Parker1734 Fairway DriveDecatur, IN 46733Assets: $2,975Liabilities: $28,461

Malinda A. Kamdar717 Line St.Decatur, IN 46733Assets: $8,940Liabilities: $15,555

Jonathon R. Hilliard427 Bellmont RoadDecatur, IN 46733Assets: $19,605Liabilities: $137,031

ALLEN COUNTYLaura A. Dinius5807 Meadows DriveFort Wayne, IN 46804Assets: $74,700Liabilities: $243,551

Stephen C. Hartman3914 Reed St.Fort Wayne, IN 46806Assets: $5,720Liabilities: $26,913

Oliver J. Dumire1136 N. Anthony Blvd.Fort Wayne, IN 46805Assets: $83,475Liabilities: $72,285

Jesse J. Kindig9807 A. Washington St.Leo, IN 46765Assets: $5,343Liabilities: $83,051

Franklin A. Reavis Jr. and Athena M. Reavis1009 Pape Ave.Fort Wayne, IN 46808Assets: $1,900Liabilities: $77,940

Robert F. and Vicki S. Holder6807 Hunterdon CoveFort Wayne, IN 46835Assets: $138,950Liabilities: $228,394

Ashton S. Miller9813 Houndshill PlaceFort Wayne, IN 46804Assets: $6,925Liabilities: $59,759

Vicki L. Riggens5522 Werling DriveFort Wayne, IN 46806Assets: $109,166Liabilities: $113,155

Doreen K. DeWitt2908 Lynn Ave., #11AFort Wayne, IN 46805Assets: $18,523Liabilities: $142,115

Curtis J. and Heather M. Combs7151 Lake Forest Village CircleFort Wayne, IN 46815Assets: $7,305Liabilities: $41,002

Cathy L. White5828 Turtlecreek Drive, #1Fort Wayne, IN 46816Assets: $8,525Liabilities: $55,124

Michele R. Yant7527 Cold Springs Blvd.Fort Wayne, IN 46825Assets: $3,675Liabilities: $23,883

Tamara L. Dornseif11617 Painted Peak WayFort Wayne, IN 46845Assets: $19,205Liabilities: $91,089

Anthony C. Paino10650 Day Lily Drive, Apt. 222Fort Wayne, IN 46825Assets: $10,886Liabilities: $186,486

Jessica K. Teubert910 N. Anthony Blvd.Fort Wayne, IN 46805Assets: $73,050Liabilities: $77,636

Robert E. Delaney Jr. and Brenda J. Delaney9304 Dawns Ford DriveFort Wayne, IN 46804Assets: $121,650Liabilities: $166,793

Jason D. and Shantelle R. Pokorny7302 Basel DriveFort Wayne, IN 46835Assets: $19,850Liabilities: $144,094

Charles D. and Kimberly D. Napier12534 Niblick LandingFort Wayne, IN 46818Assets: $147,425Liabilities: $360,216

Candace L. Carroll190 W. Washington Center Road, Apt. BFort Wayne, IN 46825Assets: $8,200Liabilities: $15,485

Vincent A. and Darcy C. Pugh5335 Westbreeze TrailFort Wayne, IN 46804Assets: $136,050Liabilities: $127,259

Angela C. Tacker2502 Hobson RoadFort Wayne, IN 46805Assets: $91,590Liabilities: $121,238

Icyline T. Patterson15102 Peony CourtHuntertown, IN 46748Assets: $138,040Liabilities: $147,030

James S. Craig8923 Hemphill DriveFort Wayne, IN 46819Assets: $4,000Liabilities: $105,437

Charles A. and Therese M. Cinquegrana3415 Central DriveFort Wayne, IN 46806Assets: $27,761Liabilities: $51,780

Brigitte L. Ford2737 W. Washington Center Road, Lot 202Fort Wayne, IN 46818Assets: $23,668Liabilities: $13,968

Michael S. and Laura E. Bowers10425 Main St.Leo, IN 46765Assets: $106,770Liabilities: $131,026

David R. and April J. Clayton8015 Tacoma PlaceFort Wayne, IN 46835Assets: $171,120Liabilities: $160,785

Christopher J. Arnett1112 W. Jefferson Blvd.Fort Wayne, IN 46802Assets: $18,320Liabilities: $26,548

Raphael F. Forestieri2307 Forest Park Blvd.Fort Wayne, IN 46805Assets: $1,720Liabilities: $158,880

Jose A. Franco3328 Robinwood DriveFort Wayne, IN 46806Assets: $14,550Liabilities: $48,726

Jason E. Smith4601 Indiana Ave.Fort Wayne, IN 46807Assets: $102,475Liabilities: $132,704

Brooks A. Nelson2161 Cheri CourtFort Wayne, IN 46804Assets: $3,620Liabilities: $34,615

George C. Sowles III7227 Moeller Road, #79Fort Wayne, IN 46806Assets: $133,925Liabilities: $38,652

Kimberly K. Wagner7420 Diane DriveFort Wayne, IN 46835Assets: $81,577Liabilities: $114,060

Keith A. and Charity A. Wolff726 Kinsmoor Ave.Fort Wayne, IN 46807Assets: $91,930Liabilities: $171,756

Todd J. Wissler7318 Peerless DriveFort Wayne, IN 46816Assets: $27,950Liabilities: $54,515

Lewis C. and Cheryl L. Roberts816 Curdes Ave.Fort Wayne, IN 46805Assets: $246,469Liabilities: $171,237

Robert W. Workman111 Caperiole PlaceFort Wayne, IN 46825Assets: $7,470Liabilities: $126,427

Sean M. and Melody K. Green127 E. Branning Ave.Fort Wayne, IN 46806Assets: $10,000Liabilities: $245,238

Benjamin J. LawrenceP.O. Box 102Arcola, IN 46704Assets: $5,050Liabilities: $82,260

Erica S. Warner10920 Current CoveFort Wayne, IN 46845-9408Assets: $196,605Liabilities: $244,766

DEKALB COUNTYSamuel W. and Donna M. Woods1726 Sprott St.Auburn, IN 46706Assets: $6,080Liabilities: $149,175

Lauren N. Routhier1510 Shawna Ave.Auburn, IN 46706Assets: $2,067Liabilities: $31,957

Jeremy T. Campbell1105 Zimmerman DriveAuburn, IN 46706Assets: $8,109Liabilities: $21,202

HUNTINGTON COUNTYDella D. and Gary R. Conley1680 Salamonie Ave.Huntington, IN 46750Assets: $74,040Liabilities: $68,475

Kenneth D. and Anne M. Betterly1419 Hitzfield St.Huntington, IN 46750Assets: $167,500Liabilities: $186,718

Adam Price1932 N. 600 WestAndrews, IN 46702Assets: $53,630Liabilities: $582,265

Timothy D. and Peggy S. McCool625 Clark St.Huntington, IN 46750Assets: $102,214Liabilities: $102,759

Kenneth D. and Anne M. Betterly1419 Hitzfield St.Huntington, IN 46750Assets: $167,500Liabilities: $186,718

Brandi L. Eppard9741 W. McKeeverAndrews, IN 46702Assets: $82,560Liabilities: 89,761

LAGRANGE COUNTYCindy L. Forgue2205 E. 770 SouthWolcottville, IN 46795Assets: $8,026Liabilities: $34,799

Guadalupe B. and Ana B. Ballines3110 N. 100 EastLaGrange, IN 46761Assets: $149,350Liabilities: $158,598

NOBLE COUNTYNancy C. Peterson8414 W. Red SnapperKimmell, IN 46760Assets: $99,605Liabilities: $150,812

Robin L. Almack2562 W. Baseline RoadAlbion, IN 46701Assets: $9,150Liabilities: $49,617

STEUBEN COUNTYChristopher C. Stearns604 W. Cora LaneFremont, IN 46737Assets: $79,637Liabilities: $61,810

Grant P. Powell II and Jennifer K. Powell855 N. 900 EastAngola, IN 46703Assets: $117,550Liabilities: $105,291

Carol A. Spears700 Westview DriveAngola, IN 46703Assets: $251,292Liabilities: $108,810

Sheryl A. Rakestraw6320 E. State Road 120Fremont, IN 46737Assets: $82,900Liabilities: $78,005

WELLS COUNTYDeborah A. Gardner904 EastmoorBluffton, IN 46714Assets: $2,040Liabilities: $54,832

Todd C. Gunten419 W. Ohio St.Bluffton, IN 46714Assets: $71,855Liabilities: $234,059

Melvin J. and Twyla R. Bice1129 Hollyhock LaneBluffton, IN 46714Assets: $87,500Liabilities: $118,103

WHITLEY COUNTYNick A. and Tara L. Strong829 Wheatfield CourtChurubusco, IN 46723Assets: $110,748Liabilities: $246,130

Samantha A. Mix118 1/2 E. Van Buren St.Columbia City, IN 46725Assets: $600Liabilities: $23,788

Ryan E. and Jaclyn D. Croussore326 Raleigh CourtColumbia City, IN 46725Assets: $125,891Liabilities: $137,582

Bonnie E. David876 Camden DriveColumbia City, IN 46725Assets: $7,300Liabilities: $181,812

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senior designer with One Eleven Design in Fort Wayne.

The coffin-like cubicles, pilloried so successfully in the “Dilbert” comics, got that way because of a real-estate space crunch on the East and West coasts, Zachary said. The spaces allotted for work stations contracted so more people could be squeezed in. But when the cubicles just couldn’t get any smaller, the walls had to start coming down to make the work stations more comfortable and the use of office space more efficient.

Along the way, planners also discov-ered the value of natural light and open space and the morale-boosting effect they can have on employees. “That is a huge work promoter,” Zachary said.

The design for the new southwest Fort Wayne headquarters of Franklin Electric Co., for example, includes some cubi-cle-type work spaces, but the walls are low and more open to common spaces. The goal was to provide employees “with a good amount of work space. They’re kind of spread out,” said designer Jennifer Lasley, of Baker Street Office Furnish-ings, which supplied most of the furniture for the building.

The building’s design provides a lot of natural light. “There are big open bright spaces. You can see outside from anywhere,” Lasley added.

Baker Street brought in several design mock-ups for employees to “test drive” before a final choice was made. “They really took time to nail it down. They really thought of the employees in this,” Lasley said.

One Eleven has also used prototypes to get its clients’ employees used to the idea of a different work environment, a process referred to as “change management.”

“It’s a huge cultural change to go from high panels to being eye-to-eye with someone,” said Zachary, who has a National Council for Interior Design qual-ification. The prospect of change may be fearful to some, “but they adapt,” she said.

Among other companies with Fort Wayne operations that have adopted more open design schemes are: Swiss Re in its new building on Magnavox Way; General Electric in its new offices at the Executive Center on Coliseum Boulevard; Carson Boxberger with its starkly modern new law offices in the Harrison; and Wells Fargo.


n SPACES: Franklin Electric employees got to ‘test drive’ work spaces before moving

Workers at Three Rivers headquarters offices, and the credit union’s other new and renovated offices, are not trapped in tiny cubicles. Work spaces have low walls and are open to common areas.

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n See SPACES on PAGE 22

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The bank’s open design also reflects improved safety measures, Zachary said. “You can see into the lobby.”

Three Rivers, which opened its new headquarters building on Northland Boulevard late last year, has used design to reflect the values it wants to convey to its credit-union members: innovation with technology, communication capabilities and customer service, said Melissa Shaw, marketing communications manager.

The design of the new building is open, with curving lines incorporated into the wall paints and textures, counters, carpeting and furniture that tie the elements and spaces together and subtly suggest the wavy contours of a river.

“I think ‘flow’ is the perfect word to describe it. Every room just flows into the other,” Shaw said.

The client services rooms off the lobby have half-circle padded benches, remi-niscent of an old-fashioned diner, rather than chairs. To remove the physical and psychological barrier between customer and credit-union worker, the rooms have no desks. Both worker and customer perch on the benches, and both can get a clear view of the computer monitor that sits on

a table in the middle of the half-circle. It makes the encounter feel more like a casual chat at Starbucks than a visit to a financial institution.

This client-friendly design also has been incorporated into other new and remodeled Three Rivers offices, including those on Scott Road, St. Joe Center Road and inside the Harrison in downtown Fort Wayne; and in Decatur, Auburn and Bluffton.

The interior office spaces in the new building have very low cubicle walls and are open to the common space around them. “I can see other people’s heads,” Shaw noted.

Even the executive offices are open to the central area; although a few private rooms are available, in the human-re-sources area for example, to be used for

more personal conversations.And while credit-union team members

may have a space that serves as a home base, Wi-Fi allows them to work from anywhere in the building. “It removes barriers, encourages team members to be flexible, not chained to their desks,” Shaw said.

Again, natural light is brought in through high, curved glass roof areas and windows on every side of the structure.

The credit union’s new buildings are built to Leadership in Energy and Envi-ronmental Design standards, and that also is carried through in the way business is conducted. Office spaces don’t have much in the way of storage — although there are movable units with padded tops that can also serve as seating — because as much work as possible is done electronically and without generating reams of paper.

“We didn’t want to build the new build-ings and still do business as we did in the past,” Shaw said.

The older building adjacent to the new headquarters now houses back-office operations, but it was completely remod-eled so that it too reflects the new philos-ophy and design.

“Basically, all that was left was the shell,” said project manager Tiffany

Yoquelet. “We didn’t want people to think, ‘Oh, they got the new building and we didn’t,’” she reflected.

One of the most creative office spaces among area companies is probably the “Thinkubator,” located in the Trelleborg headquarters building in New Haven.

“It was a vision of our former business president to create a relaxed environ-ment to nurture creativity,” said marketing communications manager Sarah Baum.

The New Haven building houses finance, marketing, human-resources and engineering employees who use the common space for lunch meetings, phone calls and various collaborative work activ-ities.

The colorful, funky design features: red umbrellas that descend from the ceiling to hover over ceiling lamps; a purple shag rug; a zebra-print arm chair; studded leather couch; plants; blond wood tables; and lots of natural light.

The Thinkubator was created a little over a year ago, and while it’s impossible to measure its contribution to creativity at Trelleborg, “I think it makes me feel more engaged,” Baum said. “It’s bright and it’s fun and it’s different from any other other corporate environment I’ve ever been in.”


n SPACES: Three Rivers’ client services rooms provide more casual setting for interactionsn “We didn’t want to build the new buildings and still do business as we did in the past.”

Melissa ShawThree Rivers


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“Lake City Bank is more to us than just a business partner——they are our supportive friends…”

Fort Wayne North302 E Dupont Road

(260) 490-1374

Fort Wayne Northeast

10411 Maysville Road

(260) 486-3944

Fort Wayne Southwest

10429 Illinois Road

(260) 625-6855

Fort Wayne Jefferson

6851 W Jefferson Boulevard

(260) 969-6996

Member FDIC

Deborah SturgesPresident, CEO and Owner

Call Cammy Treadway for all your commercial banking needs:

Cammy Treadway, VP and Commercial Banking Officer (right)[email protected] | 260.625.6855

Institution ID# 431669

DDeebboorraahh SStturrggeess

greater fort wayne business weekly - sept. 6, 2013

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