High Quality
Open the downloaded document, and select print from the file menu (PDF reader required).
Lima
•
Delphos
•
Wapakoneta
•
Ottawa
•
www.SuperiorFCU.com
•
Phone (419) 223-9746
SUPERIOR HAS THE RIGHT CHECKING ACCOUNT FOR YOUR SMALL BUSINESS
FREE Business Checking
•
Unlimited Checkwriting.
•
No minimum balance.
•
200 items/month free.
•
No monthly fee.
Premium Business Checking
•
Unlimited Checkwriting.
•
Earn more FREE items bymaintaining higher balances.
Business iChecking
•
Unlimited Checkwriting.
•
$1,000 minimum balance.
•
100 items/month free.
•
Pays interest onyour balance.
•Constructionp9-15•HealthInsurancep16-17•Education-TrainingCollegep20-23
THE
August 2010
B
usiness
J
ourna
l
OF WEST CENTRAL OHIO
In terne t Ser v ice Pro v ided b y Nor t h Wes t Ne t Inc.
Call1 -800 -8 9 9 -3 4 4 7or visi t our o f fice a t365 N. Wa ter S tree tFor t Jennings
INSIDE
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
L i m a , O H
P e r m i t N o . 2 8 6
PAULDING – Paulding-Putnam ElectricCooperative Inc. is one step closer to realizing theirgoal for expansion.The Vetter Design Group located in Toledo is thechosen architecture group who will be designing thenew building location for PPEC.The Vetter Design Group presented an artist’srendering of the new facility. With a few modifica-tions, the exterior design was approved by the boardand employee building committees. Construction bidsare to be released by August with construction mobi-lization in October and completion scheduled for latesummer of 2011.Members are encouraged to follow the building
Construction to begin this fall on new co-op office
See CO-OP OFFICE, page 4
Stammen Insurance Agencyreceives award
STAMMENINSURANCEAGENCY has recentlyreceived an award for2009 ranking #1 inAgency growth withMerchants InsuranceGroup in Propertyand Casualty busi-ness. MerchantsInsurance was estab-lished in 1918, with
their corporate ofce
located in Buffalo NY,and their OH Regional
ofce is located in
Dublin OH. Present for the Award Ceremony (from left to right)were Bob Zak President and CEO of Merchants Insurance Group,Mark Stammen & Bill Stammen representing Stammen InsuranceAgency, and Ray Bosche Assistant Vice President and Regional
Manager of the Merchant’s Insurance Dublin OH ofce.
By DENISE GEBERSProgress Staff Writer
Paulding County has become a front runner inOhio in the race for green energy.Last week, the Paulding County commissionerspassed a resolution declaring Paulding County analternative energy zone (AEZ), effective immedi-
ately. They were the rst in the state to do so.
Besides naming the county an AEZ, the legislationexempts taxes that would normally be levied againstthe assets of the alternative energy projects andrequires Payment in Lieu of Taxes (PILOT).The three-man board unanimously adopted thedocument June 21 to “...encourage the developmentof alternative energy generation facilities.”Commissioners took their action closely on theheels of the passage of Senate Bill 232 on June 11.It was signed into law on June 17. “We see this as
Paulding County rst in Ohio to
establish alternative energy zone
the best option, with great potential for the county,” saidTony Zartman, chairman of the board of commissioners.“This will allow the wind farms to start moving for-ward with construction, after they secure their permitsfrom the state siting board,” noted Zartman.Recognizing the fact that developers interested inlocating wind turbines locally wish for “appropriateincentives to support” the projects, the board expressedits willingness to “...provide real and tangible personalproperty tax exemption ... provided the appropriate ser-vice payments are made.”PILOT fees are determined by a formula set out in thestate legislation. Critical to this formula is the number of Ohio residents who are employed during construction andthe energy output of each turbine.The PILOT fee will be distributed in the taxingdistrict affected by the project the same way personal
See ENERGY ZONE, page 4
2
The
Business
Journal
August2010
Come In A Customer ... Leave A Friend
www.raabeford.com
11260 Elida Rd. Delphos
419-692-0055 1-800-589-7876
2002, 2005, 2007, 2008
CERTIFIED PRE-OWNED • LEASING
•Service
&
Repair•Parts
&
Accessories•OwnerAdvantageRewards•BodyRepair
&
Painting
NEW & USED
The Area’sOnly DualFord Lincoln/Mercury Dealer!
Proudly Serving The AreaSince 1922!
NEW YORK -- Earlier this year, Americans seemed to seesome green shoots and there was a little economic optimismforming. At the moment, this optimism seems to have sloweddown slightly. Looking ahead to the coming year, just three inten U.S. adults (30%) say they expect the economy to improvewhile two in five (42%) say it will stay the same; 28% believe itwill get worse. Last month, almost two in five Americans (38%)said they thought the economy would improve in the coming yearwhile 34% said it would stay the same and 28% believed it wouldget worse.These are some of the results of The Harris Poll of 2,227 adultssurveyed online between June 14 and 21, 2010 by Harris Interac-tive.Narrowing the time and focus to the next six months and one’sown household finances, just one in five Americans (21%) be-lieve their financial condition will be better in the next six monthswhile over half (52%) say it will be the same and 27% believe itwill get worse. In May, one-quarter (25%) believed their house-hold’s financial condition would be better in the next six monthswhile 47% believed it would remain the same and 28% said itwould be worse.There is an interesting generational difference in how the com-ing six months are perceived. Younger Americans are more opti-mistic. Almost three in ten (28%) Echo Boomers (those 18-33)say their household’s finances will be better in the next six monthsand only 19% say they will be worse. Going to the oldest genera-tion, Matures (aged 65 years and older), just 14% believe theirhousehold’s finances will be better in the next six months, whileover one-third (36%) say they will be worse.There are also political party differences. Over one-quarter of Democrats (27%) say they expect their household’s financial con-dition to be better in the next six months while 18% expect it to beworse. On the other hand, almost two in five Republicans (37%)say they expect their household’s financial condition to be worsein the next six months and only 15% expect it to be better.There is also a bit of pessimism on when the economy willstart growing again. Just 14% of Americans believe the econo-my has already started growing, down from 17% who said so inApril of this year. In April, one in ten (9%) U.S. adults thought theeconomy would start growing within the next six months and thismonth only 7% think so. One in five Americans (18%) say theeconomy will start growing between 6 and 12 months from now,but over two in five (43%) say it won’t start growing for anotheryear or more.So What?Americans are hoping for some clear signs of economic im-provements, but what is clear is that they have yet to see any.And unfortunately, they also do not think that there are any signsin the near future. Until those signs are on the horizon, while thepessimism may ebb and flow, the economic optimism will take awhile to shine in the American public.MethodologyThis Harris Poll was conducted online within the United Statesbetween June 14 and 21, 2010 among 2,227 adults (aged 18 andover). Figures for age, sex, race/ethnicity, education, region andhousehold income were weighted where necessary to bring theminto line with their actual proportions in the population. Propen-sity score weighting was also used to adjust for respondents’ pro-pensity to be online.All sample surveys and polls, whether or not they use prob-ability sampling, are subject to multiple sources of error which
Only Three in Ten Americans Expectthe Economy to Improve in Coming Year
Two in five say economy will not start growing for year or more
See ECONOMY, page 7
PCS Nitrogen Facility
Temporary Shutdown
Lima, Ohio. – On Friday, August 6, 2010 a plannedshutdown of operations will occur at the PCS Nitrogenfacility near Lima, Ohio. The shutdown, which has beenscheduled to complete capital improvements and plantmaintenance, is expected to last for approximately 58days.The 2010 outage will be one of the most comprehen-sive in the history of the Lima operation. The company isinvesting approximately $45 - 50 million dollars in capitaland maintenance spending to complete this outage. Dur-ing the shutdown period the company estimates approxi-mately 600 additional contract personnel will be on site toassist in completing the capital projects and maintenanceactivities. It is estimated that utilizing the additional con-tract personnel will result in additional local spending inthe neighborhood of $2 – 2.5 million dollars.The company plans such shutdown periods every fourto five years, for the execution of inspections and repairsas part of our dedication to the safety of personnel andneighbors protection of the environment, and to maintaincontinuous reliable operation of the plant.PCS Nitrogen’s management wants area residents tounderstand that the elevated noise level occurs during boththe shutdown and startup of the facility. Accordingly, ahigher noise level will again be experienced for a periodof time during the last week of September, when the siteresumes operations. Also during this shutdown, increasedtraffic can be expected along Buckeye and Fort AmandaRoads.
August2010
The
Business
Journal
3
Flexible Lease Options
•10,000-310,000 square feet•Divisible Flex Space•Industrial / Food Grade•Short term / Long term Options•NNN / Gross Lease
www.BENSAR.com
Since 1979, BENSAR DevelopmentsCo. has been
Leasing
quality indus-trial buildings for the facility needsof companies both large andsmall.Located inSidney
Ohio
,our
modern facilities
offer a wide rangeof amenities that are unmatched inthe region. Our facilitiessupport
warehousing, manufacturing,research & development, distribu-tion centers and officeapplications
.can focus on your corebusiness, lower expendi-tures, and utilize the lat-est building technology.We take a team approachwith each of our cus-tomers, providing seam-less support with a “cando” attitude.With over
2.5 million square feet of floorspace
ranging in size from 10,000SF to308,000SF under management, BENSAR Developments Co. can provide for yourspecific facility needs.When you entrust BENSAR Developments Co. to manage your facility needs, you
BENSAR Developments Co.
1250 N.Vandemark Rd.P.O.Box 4517Sidney, OH45365-4517Ph.(937) 498-1164Fax:(937) 498-4746
“We’re seeing young people taking the job market a lot more seriously.They’re really taking their resumes very seriously …because they realize the competition is a lot tougher.”
– Rita BocchinfusoCohen, director of career services at Fresno StateFRESNO, Calif. — New college gradu-ates are getting the message about howtough it is to find jobs these days.They’re starting job searches earlier,looking outside their fields and going tograduate school to become more market-able.All that work appears to be paying off:Almost 25 percent of 2010 college seniorswho started their job hunt before gradua-tion found employment by the time theyfinished school — up from about 20 per-cent last year, according to a survey by theNational Association of Colleges and Em-ployers, a nonprofit organization based inBethlehem, Pa.That’s still a far cry from 2007, whenthe economy was booming and 51 percentfound jobs before graduation.There are glimmers of hope. For exam-ple, employers plan to hire about 5 percentmore new college graduates this year thanlast year, according to an association sur-vey. But students increasingly are wakingup to the realities of the job market, saidEdwin Koc, the organization’s research di-rector.“One of the biggest reasons that morehave a job (this year) is that they tended tobe more flexible in their approach, they’remore willing to accept an offer than stu-dents were last year,” Koc said.The change since last year is obvious, hesaid.“The extent of the economic decline hadnot sunk into last year’s class” at the timeof the survey, he said.For Stacy Heaton of Visalia, Calif., thetough job market means applying for jobsoutside her field barely a month after shegraduated from Fresno State University.“I’m not too picky at this point,” saidHeaton, who is looking for a new career af-ter raising three stepchildren and workingpart time while going to school for the pastsix years.Heaton has been job-hunting for abouthalf a year, hoping her bachelor’s degree incommunication would land her a market-ing job. She has a job now training insur-ance agents but wants to advance in hercareer field. After not getting a single inter-view, she started applying to jobs outsideher field, including in public relations andmanagement.“There’s not a lot out there right now,”she said. “You really have to depend onyour social networks to try to find some-thing, and even then there’s not a lot outthere.”A high unemployment rate contributes tothe difficulty new graduates face. Studentshave learned this and are starting their jobsearches earlier this year, said Rita Bocchi-nfusoCohen, director of career services atFresno State.In past years, she said, it was more typi-cal to wait until after graduation.Students also realize they’re compet-ing against laid-off workers and otherswith more experience, said Natalie Culver-Dockins, dean of work force developmentat Fresno City College.“We’re seeing young people taking the job market a lot more seriously. They’re re-ally taking their resumes very seriously …because they realize the competition is a lottougher,” she said.Nationally, a greater percentage of stu-dents are headed to graduate school thisyear — 27.4 percent compared with 25.6percent last year, according to the NationalAssociation of Colleges and Employers.This helps them avoid the job market whilebetter preparing themselves for when theyeventually look for a job.
Business
Journal
THE
of West Central Ohio
Volume 18, No. 8Publisher Donald R. HempleContributing WritersJeffrey GitomerAdvertising Donald R. Hemple
The Business Journal is mailed to the top business leadersin the 11-county region of West Central Ohio. Although infor-mation is gathered from sources considered to be reliable,the accuracy and completeness of the information cannot beguaranteed. Information expressed in The Business Journaldoes not constitute a solicitation for the purchase or sale ofany products.Copyright, The Business Journal of West Central Ohio, 2006,All rights reserved. Reproduction or use, without written per-mission of editorial, photographic or other graphic content inany manner is prohibited. The Business Journal is publishedmonthly 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 45833-1598For information concerning news,advertising and subscription e-mail us at:dhemple@delphosherald.comor bizjrnl@delphosherald.com
www.businessjrnl.com
Job prospects not as bleakthis year for new graduates
Add a Comment