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May 2013 Business Journal A

May 2013 Business Journal A

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Published by The Delphos Herald
May 2013 Business Journal A
May 2013 Business Journal A

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Published by: The Delphos Herald on Apr 29, 2013
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May 2013
The Region’s Business Publication
 You might be surprised to discover the virtually unlimited designpossibilities o a Butler
building system. As your local Butler Builder
,we can build a fexible and attractive Butler building that incorporateswood, brick, stone, or glass. You can also choose rom a wide varietyo metal roo and wall systems—all in a building that meets both yourneeds and your budget.
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Contact us at 419-238-9567or visit us on the webwww.AlexanderBebout.com
©2012 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing
is a division of BlueScope Buildings North America, Inc.
 . ,, , , ..
More design flexibility for your building.
 Alexander & Bebout, Inc.
Engineering • Design • Construction
10098 Lincoln HighwayVan Wert, Ohio
As Ranked by SNL Financial
Citizens National Bank was re-cently named one of the top 100community banks in the nationfor companies with between $500million and $5 billion in assetsby SNL Financial. SNL Financialis an independent business intel-ligence rm that specializes in -nancial services data. Ranked 55thon the list, Citizens National Bankwas the only bank based out of Ohio to be included.SNL ranked the best-performingcommunity banks using six core -nancial performance metrics thatfocus on protability, asset qual-ity and growth for the 12-monthperiod ended Dec. 31, 2012. Tocompile this ranking, SNL denedcommunity banks as institutionswith between $500 million and$5 billion in assets and with 60 orfewer ofces. Also, at least one-third of the banks’ balance sheetsmust be composed of loans, andthey cannot have more than half of their loans in credit cards. “We’rehonored to be included in this listwith other top-performing insti-tutions,” states President/CEO J.Michael Romey. “Our continuedfocus on stable community-basedlending and conservative bankingpractices has contributed greatlyto the success we’ve seen over thepast 3 years.”With ofces in Bluffton, Celi-na, Deance, Elida, Findlay, Lima,Springeld and Van Wert, CitizensNational Bank has assets totalingmore than $600 million and hasbeen serving the communities of West Central Ohio since 1920.
Citizens National Bank named one of top 100 community banks in the nation
Carlisle ESP Award& Hall of Fame 750“Perfect 10s”
Cotterman & Company Inc.was honored to receive Carlisle’s2013 Excellence in Single-Ply(ESP) award for the third con-secutive year. ESP status is givenout annually to a small percent-age of Carlisle’s most dedicatedand professionally minded appli-cators. Cotterman has installedand warranted over 9,600,000square feet of Carlisle’s single-ply roong system and has com-pleted 765 Perfect 10 installa-tions as judged by Carlisle’s nalinspection process. Only 2% of Carlisle Approved Applicatorshave received the Have of Fame- 750 “Perfect 10s”
JRB Award fromDuro-Last Roong
Cotterman & Company Inc.received the JRB Award this yearfrom Duro-Last Roong basedon our sales and quality achieve-ments for 2012. This is our 9thconsecutive year to be presentedwith this award. Cotterman’slead Ohio in Duro-Last saleswith over 12,000,000 square feetof membrane installed.
2013 Awards & Recognition
   T  h  e   B  u  s  i  n  e  s  s  J  o  u  r  n  a  l   4  0  5   N .    M  a  i  n  S  t .    D  e  l  p  h  o  s ,   O   H  4  5  8  3  3
   P   R   S   T   D   S   T   D    U .   S .   P  o  s t  a  g  e    P   A I   D    D  e l  p  h  o  s ,   O   H    P  e  r   m i t   N  o .  2  1
Two greatproducts – onegreat company!
Credit Unions 7A-8APost GradDegrees 2B-3BPrinting/Graphics 4B• BusinessInsurance 5BSpecial Report:Allen County 6B-12B
NACM’s Credit Managers’ Index for March 2013 Posts Slight Decline to 54.9
The March report shows asteadiness, but nothing toinspire confdence in theeconomy.Government inactivity andbudget cuts related tosequester are the likely culprits.
Columbia, Maryland: March 29,2013—The March Credit Manag-ers’ Index (CMI) from the NationalAssociation of Credit Management(NACM) fell slightly from 54.9 to54.2, with both favorable and unfa-vorable factor indexes dipping byroughly equal amounts. Some in-dividual showed signicant move-ment, but there was no clear signalfrom any of the factors as far asnancial stress is concerned, oranything to cause much condenceeither.Sales slipped from its position of 59.2 in February to 57.4 in March.This is a fairly substantial decline of 1.8, but at 57.4, the index is as highas it was in December. “The mainconcern is that for the last year, thesales reading has been averaging inthe low 60s and now there seemsto be a struggle to get there again,”said NACM Economist Chris Kue-hl, PhD. On the encouraging side,the new credit applications numberrose slightly (56.7 to 56.9). “A sig-nicant desire to expand seems to
See INDEX, page X
May 2013
LIMA, OH --- Tuttle Construction, Inc.has recently named Mike Baxter and BrentStechschulte as Senior Project Managers of Tuttle Construction, Inc. Mike and Brentwill continue to work under the direction of Paul S. Crow, President of Tuttle Construc-tion, Inc.Mike has 20 years of experience in theconstruction industry, and has worked withTuttle Construction since 2004 as a Proj-ect Manager and Estimator on various sizeconstruction projects primarily in the indus-trial and petro-chemical mar-ket. Mike is agraduate of Co-lumbus GroveHigh School,and has a B.S.in ConstructionManagementfrom BowlingGreen StateUniversity. Inaddition to hiscurrent du-ties as a stock-holder at TuttleConstruction,Mike’s new responsibilities will be to man-age and focus the company’s operations inthe petrochemical industry.Brent joined the Tuttle team in 2006 afterhaving accumulated 17 years of experienceas a Project Engineer, Project Manager andEngineering Manager for an industrial com-pany with locations throughout the UnitedStates and in 8foreign coun-tries. He has aBachelors De-gree in Busi-ness Admin-istration fromMount VernonNazarene Uni-versity andan AssociatesDegree fromITT Techni-cal Institute inTool Engineer-ing. Brent’sresponsibilitesinclude projectmanagement and estimating of various sizesof industrial, commercial, medical and gov-ernemental projects for Tuttle. Brent’s newresponsibilities will be to manage the com-pany’s operations in the commercial andmanufacturing industry.Along with their new duties, Mike andBrent will participate in stockholder meet-ings, submitting team reports at Team Lead-er meetings, building and sustaining clientrelationships, mentoring and leading ProjectManagers and Project Engineers and proac-tively contributing to the company’s strate-gic vision and plan.Tuttle Construction is a subsidiary to itsparent company to Tuttle Services, Inc. anda sister company to Touchstone CPM, Inc.Since 1928, Tuttle has provided general con-tracting, design-build and self-performedservices, including concrete, carpentry,masonry, steel erection and metal buildinginstallations for commercial, educational,institutional, healthcare and faith-based cli-ents within a 2-hour radius of Lima, Ohio.
Tuttle Construction Promotes Baxter & Stechschulte
Northern Georgia (Rock Spring)
Over 6 million square feet in seven states.
LOCATIONS:Ottawa, Findlay, Fostoria, Willard, 2 locations in Columbus, OH, Gas City, IN,Milwaukee, WI, Louisville, KY, State College, PACorning/Elmira, NY (3 locations)Northern Georgia Logistics (Rock Spring), Rome, Georgia
May 2013
Construction industry unemployment drops to 14.7 percent in March
“Construction held up better than a num-ber of other industries in part becauseof Hurricane Sandy-related rebuilding andthe fact that construction’s cyclical timingtends to lag that of the broader economy.”—ABC Chief Economist Anirban Basu.
The construction industry unemploymentrate fell to 14.7 percent in March, downfrom 15.7 percent in February, according tothe April 5 employment report by the U.S.Department of Labor. The nation added18,000 new construction jobs in March.Year-over-year, the construction industryworkforce has expanded by 2.9 percent, or162,000 jobs.Specialty trade contractors, the largestsubsector within the construction industry,added over 23,300 jobs in March, andhave grown by 112,500 jobs, or 3.2 per-cent, compared to the same time last year.Among specialty trade contractors, residen-tial specialty trade contractors added 12,500 jobs for the month and 72,900 jobs, or 5percent, from one year ago. Nonresidentialspecialty trade contractors gained 10,800 jobs for the month and added 39,600 jobs,or 1.9 percent, during the past year.Other construction subsectors also con-tinued to expand. Nonresidential buildingconstruction employment rose by 1,000 jobs last month and is up by 21,100 jobscompared to a year ago. Employment in thissector stands at 682,100 jobs. Employmentin the residential building segment expand-ed by 2,300 jobs in March and is up by4,900 jobs, or 0.9 percent, compared to oneyear ago. Heavy and civil engineering rep-resents the only subsector that lost jobs forthe month of March and is down 8,800 jobs.However, employment in this subsectorremains 2.7 percent, or 23,700 jobs, abovethe March 2012 level.Overall, the nation added 88,000 jobsin March and has added 1.8 million jobsduring the past twelve months. Last month,95,000 jobs were added in the private sec-tor while the public sector contracted by7,000 jobs.The national unemployment rate fell to7.6 percent in March, down from 7.7 per-cent the previous month and down from 8.2percent in March 2012.Analysis“ABC has been warning for severalmonths that growing fiscal headwindsemerging from Washington, D.C., wouldeventually interrupt the momentum of theU.S. economic recovery,” said AssociatedBuilders and Contractors Chief EconomistAnirban Basu. “That time may have come.“Many economists were surprised by thevigor of the U.S. economy given the highertax rates that took effect on Jan. 1, thesequestration and continued wrangling inWashington,” remarked Basu. “However,should the slowdown persist as seques-tration-related cuts steadily grind into theeconomy, construction will begin to feel thesting later this year.“In March, construction held up bet-ter than a number of other industries inpart because of Hurricane Sandy-relatedrebuilding and the fact that construction’scyclical timing tends to lag that of thebroader economy,” Basu stated. “For exam-ple, construction employment expanded by18,000 jobs last month, with employmentamong specialty trade contractors rising by23,000 jobs.“The hope is that the March employmentdata represent a one-month blip–a statisticalaberration in the wake of several surpris-ingly good employment reports in priormonths,” Basu offered. “On the positiveside, today’s employment report impliesthat interest rates will remain low, which allthings being is equal, is good for real estatevaluations and for nonresidential construc-tion.”
For the past 27 years, Ayers Mechanical Group has providedN.W. Ohio with dependable plumbing and heating services.
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Warehousing • Distribution •Transportation • Pick and Pack • Freight Management •Transloading
300 Industrial DrWapakoneta, OH 45895
of West Central Ohio
Volume 22, No. 5Publisher: Donald R. HempleContributing WritersJeffrey Gitomer  Advertising: Donald R. Hemple
The Business Journal is mailed to the top businessleaders in the 13-county region of West CentralOhio. Although information is gathered from sourcesconsidered to be reliable, the accuracy and com-pleteness of the information cannot be guaranteed.Information expressed in The Business Journal doesnot constitute a solicitation for the purchase or sale of any products.Copyright, The Business Journal of West CentralOhio, 2006, All rights reserved. Reproduction or use,without written permission of editorial, photographicor other graphic content in any manner is prohibited.The Business Journal is published monthly at 405 N.Main St., Delphos, OH 45833
Contact UsTelephone 419-999-4762Don Hemple 419-695-0015 ext. 138Marilyn Hoffman 419-695-0015 ext. 131Stacy Prine 419-695-0015 ext. 129toll free 800-589-6950
Mail 405 N. Main St., Delphos, OH 45833-1598
For information concerning news,advertising and subscription e-mail us at:dhemple@delphosherald.comor bizjrnl@delphosherald.comwww.businessjrnl.com
The BusinessJournalDistributed in 13counties...
 The Business Journal
of West Central Ohio
available online. www.businessjrnl.com
FOR INFORMATION CALL1-800-589-6950Ext. 138

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