Crain's Cleveland Business back issues from March 2009:
Close the Med Mart deal - in public.
Mar 02, 2009; ... Byline: Brian Tucker It's remarkable how this medical mart/convention center issue has torn in and out of the newspaper pages and public dialogue the last few weeks, and how much irony is attached to it. For example, last week, Forest City Enterprises careened back ...
CHOICE BITS.(NEWS)
Mar 02, 2009 ... Case prof offers a dose of reality to startups * Case Western Reserve University's Scott Shane is the go-to guy of late for The Wall Street Journal's coverage of entrepreneurship. A Feb. 20 blog post focused on the entrepreneurship professor's studies on whether ...
Familiar names arise as suitors for Charter One; U.S. Bank, KeyCorp or a Canadian bank seen as possible candidates to cut a deal.(NEWS)
Mar 02, 2009 ... Byline: ARIELLE KASS Charter One appears to be in play, and some of the same companies that were viewed last year as suitors for National City Corp. are among the names mentioned as potential buyers of the bank. Charter One is part of Citizens Financial Group, a ...
Small Business.(NEWS)
Mar 02, 2009 ... Businesses that deal in luxury living, such as high-end salons and restaurants, thrive on consumers ...
GET DAILY NEWS ALERTS FROM CRAIN'S!(NEWS)
Mar 02, 2009 ... Register for free e-mail alerts and receive: *The Morning Roundup: A collection of the day's business news from Ohio's daily papers *Breaking news alerts: When major ...
After scrapping scrap, business picks up for electronics recycler.(NEWS)
Mar 02, 2009 ... Byline: CHUCK SODER E-Waste LLC is rising even as the scrap prices it used to rely on are falling. The electronics recycling company is in the process of expanding largely because it began reselling much of the used computer equipment it used to scrap just as metal ...
Let's hope.(NEWS)
Mar 02, 2009 ... Hope. It's what Barack Obama pinned his election campaign upon. But it's going to take more than hope to pull this country out of the economic mess in which it finds itself. It's going to take a workable plan for stabilizing the nation's banking system and so far, neither the previous ...
DISPLAYS OF HARDSHIP.(trade show industry is experiencing economic downturns)(Brief article)
Mar 02, 2009 ... The trade show industry is experiencing the effects of a downtrodden economy, as convention centers and sporting venues are expected to draw fewer attendees and exhibitors. * Trade groups say exhibitors are canceling or scaling back their shows. Larger exhibitors that committed ...
FEELING THE PAIN; Exposition centers challenged to sell space, garner sponsors as trade show industry braces for fewer event attendees.(NEWS)
Mar 02, 2009 ... Byline: JOHN BOOTH Crowds are less crowded, exhibitors less flashy, and wallets all around are tougher to crack. "In the 26 years I've been in the trade-show business, I've never seen anything like this, said Chris Fassnacht, president and CEO of Cleveland-based ...
First Fed of Lakewood has lofty goals; In lean times, bank targeting substantial increase in commercial, residential loans.(NEWS)
Mar 02, 2009 ... Byline: ARIELLE KASS Over the years, First Federal of Lakewood has cobbled together its headquarters by buying neighboring buildings and cutting holes in the walls. Its main branch is a labyrinth of staircases and hallways. The bank is taking a more direct approach, ...
Despite soft industrial market, Fogg moves on former PMX site.(NEWS)
Mar 02, 2009 ... Byline: STAN BULLARD The recession be damned: It's full speed ahead for an 80-acre industrial park on the former PMX Industries Inc. site in Euclid. Asked about proceeding at such a perilous time, Mike Merle, president of Ray Fogg Building Methods Inc. of Brooklyn ...
GOING PLACES.(NEWS)
Mar 02, 2009 ... JOB CHANGES FINANCE CENTRAL FEDERAL CORP.: Eloise L. Mackus to executive vice president, general counsel and corporate secretary, Central Federal Corp. and CFBank. FINANCIAL SERVICE MALONEY + NOVOTNY: Christopher Felice and Christopher Anderson ...
Former NCB exec moves to Key; Veteran wealth management leader aims to expand bank's market reach in new role.(NEWS)
Mar 02, 2009 ... Byline: ARIELLE KASS Tim Lathe has spent most of his adult life competing with Key Bank. But after 24 years with National City Bank, he's on the other side of the fence. At Key, Mr. Lathe, 53, is a new executive vice president and head of its wealth management ...
Coalition pushes IT student, co-op match.(higher education institutions design a program to help IT education students)
Mar 02, 2009; ... Byline: CHUCK SODER It takes a village to educate an information technology student. A coalition of 26 higher education institutions, businesses and economic development groups in Northeast Ohio is designing a program aimed at helping the schools properly prepare IT ...
FOR THE RECORD.(NEWS)
Mar 02, 2009 ... OHIO'S JOBLESS RATE HITS 8.8% IN JANUARY * The state's labor market is in freefall. Ohio's unemployment rate shot up to 8.8% in January from a revised rate of 7.4% in December, state data show. Ohio's economy continues to perform worse than the rest of the country, as the U.S ....
Local hospitals vulnerable to frail economy's impact; Analysts offer grim outlook for nonprofit institutions nationwide.(NEWS)
Mar 02, 2009 ... Byline: SHANNON MORTLAND Most Northeast Ohio hospitals will be able to weather the economic storm better than their counterparts across the country because they are part of larger health systems, but they won't completely escape the effects of the deepening recession. ...
Law schools bracing students for tough job market ahead.(NEWS)
Mar 02, 2009 ... Byline: ARIELLE KASS Delayed start dates. Slashed salaries. Even rescinded offers. For soon-to-be lawyers on the East Coast, the practice seems to be rampant. And while it hasn't hit Northeast Ohio to the same extent yet, career counselors at three local law schools ...
Navigating Internet's choppy waters can be tricky, some firms find; Companies try PR, positivity to combat detractors.(NEWS)
Mar 02, 2009 ... Byline: KIMBERLY BONVISSUTO Blogs, networking sites, chat rooms, community forums, web sites. The tools lumped under the umbrella of social media can be a blessing or a scourge, depending on what side of the mouse you fall. For businesses, these tools quickly can promote a ...
Squire partner proves part time can work.(NEWS)
Mar 02, 2009 ... Byline: Arielle Kass Dynda Thomas did what fewer female attorneys have to do now: She dove back in. Four months after having her first child, the Squire, Sanders & Dempsey LLP practice group leader for corporate transaction, finance and governance came back to work ...
LEADING LADIES; Female partners play integral roles at area law firms, and statewide, are ahead of the curve. But there are challenges, they say.(Baker & Hostetler L.L.P.)
Mar 02, 2009; ... Byline: ARIELLE KASS It used to be that there were no female partners in Baker Hostetler's Cleveland business practice group. Not one. Now, a woman leads the group, and 24 of the firm's 107 partners are women. It still may not seem like many, but the 22% of Baker ...
Layoffs spur employee, employer questions; Alternatives, separation packages can relieve ill will of those affected.(NEWS)
Mar 02, 2009 ... Byline: SCOT ALLYN As the recession worsens and unemployment in Ohio continues to outpace the national average, Northeast Ohio's law firms are busy taking inquiries and cases from employers and workers looking for guidance in handling and in some cases, fighting layoffs. ...
ON THE JOB; Donnie Long.(NEWS)
Mar 02, 2009 ... Byline: AMY ANN STOESSEL The economy has made times tough, and Donnie Long, the new executive director of the Akron Bar Association, is trying to respond accordingly. Mr. Long is aiming to make his organization a resource for law firms and the community during these ...
COMING UP.(NEWS)
Mar 02, 2009 ... Time is running out to nominate your Health Care Hero. We're accepting nominations through March 6 in the following categories: health care advocate, volunteer, allied health, nurse, employer ...
On with the show.(Brief article)
Mar 02, 2009 ... Trade-show executives are trying to find ways to deal with smaller crowds and skittish exhibitors, though so far it's been tough sledding. Leaders of industry conventions and sporting shows are in some instances seeing 10% to ...
$10M would help PPG add, save jobs.(NEWS)
Mar 02, 2009 ... Byline: Dan Shingler PPG Industries says it can save 100 jobs at its Strongsville automotive coatings plant but only if it can get $10 million in federal stimulus dollars from the state of Ohio. In an application on the state's web site for stimulus-money proposals, ...
"Unique' mart process frustrates MMPI; Developer's president: Back-and-forth with plethora of public officials, lack of decisive action inhibiting project's progress.(NEWS)
Mar 02, 2009 ... Byline: JAY MILLER Christopher Kennedy saw into the future better than he could have imagined. The president of developer Merchandise Mart Properties Inc. of Chicago knew 18 months ago that it would take time to strike a deal to bring a new convention center and ...
Local social media sites log growth.
Mar 02, 2009; ... Byline: CHUCK SODER Social networking giant Facebook, with a user base of more than 150 million people, is bigger than Russia. GameSnake Inc., however, still is slightly smaller than its hometown, Akron. Nonetheless, GameSnake and a few other Northeast Ohio companies ...
REPORTERS' NOTEBOOK.(NEWS)(Diary entry)
Mar 02, 2009 ... An Interchangeby any other name * Interchange Corporate Center in Warrensville Heights may not go by that name much longer. The property that Snavely Development Co. launched in 2003 as a high-visibility office park next to Interstate 271 near I-480 hasn't attracted ...
Locals waste little time in requesting stimulus slice; For-profit outfits seek $550M of Ohio's $8B pie.
Mar 02, 2009; ... Byline: JAY MILLER If wishes were horses, the saying goes, beggars would ride. Well, if online bids for economic stimulus money actually turn into dollars, more than 100 businesses in Northeast Ohio would receive a boost from the Obama administration's effort to ...
THE WEEK; February 23 - March 1.(NEWS)
Mar 02, 2009 ... The big story: There is an improved, lower-priced bid for a convention center and merchandise medical mart complex at Tower City Center in downtown Cleveland, but the company responsible for building the project already says Tower City owner Forest City Enterprises Inc. has cut corners on ...
WHAT'S NEW.(SmartShopper Electronics LLC introduces SmartShopper Deluxe Grocery )(Brief article)
Mar 02, 2009 ... COMPANY: SmartShopper Electronics LLC, Seven Hills PRODUCT: SmartShopper Deluxe Grocery List Assistant The company has come out with a new version of its electronic grocery list organizer that features improved voice recognition, greater memory and longer battery ...
CORRECTION.(NEWS)(Correction notice)
Mar 09, 2009 ... A Feb. 23, Page 3 story on the planned Bridgeview Crossing shopping center contained an incorrect location for the Garfield ...
FOR THE RECORD.(NEWS)
Mar 09, 2009 ... JOB MARKET TO FEELSTEEL MILL'S IDLING * ArcelorMittal's decision to idle its Cleveland steel mill until business conditions improve for its output means far more than the loss of 700 or more steelworker jobs. Ned Hill, an economist and professor of economic development at ...
CHOICE BITS.(NEWS)(Brief article)
Mar 09, 2009 ... Now this is a truegrowth industry * One in 31. And in Ohio, 1 in 25. Those are the ratios of Americans and Ohioans who are in prison, on parole or probation, according to a new Pew Center on the States study released last week. The states spent $47 billion ...
YOU'RE ON THE LIST.(NEWS)
Mar 09, 2009 ... A sampling of what local developers are requesting from the stimulus package: * Flats East Bank Neighborhood Developers: Wolstein Group, Fairmount Properties Asking: $30 million Details: Fund plaza, parking garage to advance $350 million first phase ...
COMING NEXT WEEK; Medical marvels.(NEWS)
Mar 09, 2009 ... Where does Northeast Ohio fit in with the most innovative health care organizations and hotbeds in the world? In ...
Epic film tax credit drama must end.(NEWS)
Mar 09, 2009 ... Byline: Brian Tucker Lights, camera, action! Wait, cut, cut! Ohio is poised to grow a more robust film industry, but (and now here's a surprise) our elected officials just can't seem to agree on how we do that. You may recall that during the previous ...
DATA CENTER.(NEWS)
Mar 09, 2009 ... EXPANSIONS Refrigeration Sales Corp., a company based in Valley View that distributes heating, ventilating, air conditioning and refrigeration equipment, parts and supplies, is planning a 12,000-square-foot facility in Maumee, its 11th office in the state. OTHER ...
Developers rush for federal dollars; Stringent loan demands have stifled some projects.(NEWS)
Mar 09, 2009 ... Byline: STAN BULLARD Combine an unprecedented credit crisis drying up financing for real estate projects with a huge federal stimulus bill offering funds distributed through state-administered block grants and what have you got? A big-ticket run for cash by ...
GET DAILY NEWS ALERTS FROM CRAIN'S!(NEWS)
Mar 09, 2009 ... Register for free e-mail alerts and receive: * The Morning Roundup: A collection of the day's business news from Ohio's daily papers * Breaking news alerts: When major ...
Watch, man.(NEWS)
Mar 09, 2009 ... Every few years, it seems someone revisits the idea of creating a Cleveland-Columbus-Cincinnati rail corridor to link Ohio's three largest cities with passenger train service. This time, the "someone who's pushing this concept is Gov. Ted Strickland, who's eager to tap into an $8 billion ...
Stimulus stimulates proposals.(NEWS)
Mar 09, 2009 ... Local health care researchers as well as real estate developers are vying for their share of federal stimulus money. Ohio's web site for submitting requests for stimulus dollars lists real estate projects of all sizes ...
Two longtime casino backers sit out this hand; Forest City, Jeffrey Jacobs uninvolved in latest gaming push.(NEWS)
Mar 09, 2009 ... Byline: JAY MILLER If 2009 becomes the breakthrough year for casino-style gambling in Ohio, two of Northeast Ohio's most stalwart supporters and advocates of gambling won't be at the table. Missing in the recent conversation about bringing slot machines and other ...
ONTARGET; Sales at area gun shops shoot up amid rising concerns over personal security, fear of stricter weapons laws under Obama administration.(NEWS)
Mar 09, 2009 ... Byline: JOHN BOOTH What's it like being in a booming sector of the economy these days? Ask around at Northeast Ohio's gun shops, where demand for everything from two-shot pistols to AR-15 rifles and their ammunition is running high. So high that back orders and ...
REPORTERS' NOTEBOOK.(NEWS)
Mar 09, 2009 ... Jobs slippingaway at Penton * Changes within New York-based Penton Media have led to job cuts in its Cleveland offices, though the producer of business-to-business publications and trade shows won't say how many, calling the corporate reorganization a work in progress that ...
Liggett Stashower plans PlayhouseSquare move.(NEWS)
Mar 09, 2009 ... Byline: JOHN BOOTH Cleveland advertising agency Liggett Stashower is leaving the Halle Building, its downtown home for the past two decades, for a three-floor space across the street in PlayhouseSquare. The firm has planned an early July move into the building at 1240 ...
GOING PLACES.(STUDIOTECHNE)
Mar 09, 2009 ... JOB CHANGES ARCHITECTURE STUDIOTECHNE: Dru McKeown to project manager. TDA: Jeffrey S. Crocker to senior project architect. EDUCATION THE UNIVERSITY OF AKRON: Ron Ramos to creative director, Department of Institutional Marketing. ...
Randall Park Macy's may be repurposed.(Brief article)
Mar 09, 2009; ... Byline: STAN BULLARD The new owner of the closed Macy's at troubled Randall Park Mall is considering using the former department store for warehouse use, among other possibilities, according to North Randall Mayor David Smith. Such a change would be just fine with ...
Key aims branch addition, renovation plan at making new first impression.(NEWS)
Mar 09, 2009 ... Byline: ARIELLE KASS KeyBank's branches are more than a place to deposit checks or take out loans. They're a place to make an impression. And with a wide-ranging plan to renovate hundreds of branches and expand its branch network into underserved areas, Key is betting ...
RAISING THE BAR.(NEWS)
Mar 09, 2009 ... Firms that deal in luxury product offerings are employing some of the following tactics: * Price breaks: Coupons, credits for client referrals and bundling ...
Researchers eagerly plan for NIH cash influx.(National Institutes of Health)
Mar 09, 2009; ... Byline: SHANNON MORTLAND Like many of her colleagues, Dr. Pam Davis isn't waiting for the National Institutes of Health to describe exactly how it will dole out $10.4 billion in federal stimulus money. The dean of the medical school at Case Western Reserve University ...
INSTEAD OF A CHECK ...(NEWS)
Mar 09, 2009 ... At a time when companies are watching expenses carefully, rewards budgets for sales teams likely have been cut or eliminated. But companies are finding non-financial ways to reward ...
GRAND OPENINGS.(NEWS)(Directory)
Mar 09, 2009 ... QUILTS & SEW FORTH LLC 7312 Center St., Mentor 44060 www.quiltsandsewforth.com Quilts & Sew Forth was launched in February by Monique Noonan and Hilary Cavotta. Previously, the mother-daughter pair operated the Quilts N' Sew Forth in Singapore. The store ...
SHORT TAKES.(Chesterland Pediatrics)(consulting firm global X has relocated from the former BP building)(Brief article)
Mar 09, 2009 ... * NOT JUST CHILD'S PLAY: Dr. Thomas Phelps recently moved from the former practice that he managed, Chesterland Pediatrics, to start a smaller practice in pediatrics and adolescent medicine. The practice, called Hillcrest Hospital Pediatric Practice Chesterland, is on Mayfield Road in ...
Job openings spawn flood of resumes.(NEWS)
Mar 09, 2009 ... Byline: CHRISSY KADLECK As a hungry company in growth mode, the SpyGlass Group Inc. is looking to hire as many as seven new people and bolster its employee base by nearly one-third in the next couple of months. In fact, the Westlake-based company has doubled its ...
RESTRAINED INDULGENCE; As more clients refrain from spending, luxury service providers redouble efforts to entice business.(NEWS)
Mar 09, 2009 ... Byline: JUDY STRINGER Last spring when Angie Hofelich opened her Westlake-based salon VanityLab, the economy was just beginning to overheat. Ignorance is bliss, Ms. Hofelich admitted. Knowledge of the looming meltdown surely would have stalled her plan to bring an East ...
THE WEEK; MARCH 2 - 8.(NEWS)
Mar 09, 2009 ... To keep up with local business news as it happens, visit www.CrainsCleveland.com. The big story: PNC Financial Services Group Inc., the Pittsburgh company that owns National City Corp., is slashing its quarterly dividend by 85%, a move that will save $1 billion annually ....
WHAT'S NEW.(NEWS)
Mar 09, 2009 ... COMPANY: Goodyear Tire & Rubber Co., Akron PRODUCT: Wrangler MT/R with Kevlar The tiremaker bills the Wrangler MT/R as its first off-road tire built with DuPont's Kevlar material for enhanced safety and durability. Goodyear says the use of Kevlar "brings ...
THE ISSUE.(NEWS)
Mar 09, 2009 ... * What: State officials may place a bond issue on the ballot to support the Ohio Third Frontier Project. * ...
Fresh cash eyed for big tech effort; With budget cuts slashing future help, officials consider bond issue to extend Third Frontier.(NEWS)
Mar 09, 2009 ... Byline: CHUCK SODER The state as early as this November might ask voters for money to extend the Ohio Third Frontier Project, which now is expected to run out of money in 2011 a year ahead of schedule. State officials are considering putting a bond issue of ...
Next advanced energy challenge: storing it; Local minds, wrestling with how to develop power generation methods, seek improved technology.
Mar 16, 2009; ... Byline: CHUCK SODER No matter how good they get, wind turbines and solar panels by themselves won't be enough to get the world running on something other than fossil fuels. That's because advanced energy requires advanced energy storage. Northeast Ohio ...
Former Beachwood warehouse may become business incubator.(Beachwood Chamber of Commerce )(Brief article)
Mar 16, 2009; ... Byline: STAN BULLARD New businesses and jobs may take root at 23355 Mercantile Road in Beachwood as the result of efforts by the city to convert a former DHL Express warehouse-office complex into a new service garage. The Beachwood Chamber of Commerce is studying the ...
Browns run into stiff test scoring tenants for suites.(Cleveland Browns )
Mar 16, 2009; ... Byline: JOHN BOOTH Since the Cleveland Browns returned to the National Football League and moved into their new lakefront home 10 years ago, they've had their ups and downs. What has been consistent, though, is the essentially sold-out status of the 145 suites in Cleveland ...
Choice Bits.(furniture stores Cleveland Art management)
Mar 16, 2009 ... There's no shortage of supplies for this business * Call it recession chic. That's roughly the style of the furniture produced by Cleveland Art, a Chagrin Falls business that was profiled March 8 in The New York Times' "T style magazine. "Its furniture is ...
Easier commute to work isn't a gas.(economic conditions)(Viewpoint essay)
Mar 16, 2009; ... Byline: Mark Dodash My commute has become way too easy. Call it a sign of the times. I've made the trip along Interstate 71 from my home in Strongsville to Crain's palatial offices in downtown Cleveland for nearly 24 years now, and never have I flown down ...