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2012 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing is a division of BlueScope Buildings North America, Inc. www.AlexanderBebout.com
2012 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing is a division of BlueScope Buildings North America, Inc.
2012 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing is a division of BlueScope Buildings North America, Inc.
National Door & Trim is expanding its facility located on Grill Road in Van Werts Vision Industrial Park. The company is nearing completion on the addition of showroom office space. The company was founded in 1978 and its primary products include pre-finished doors and trims that are ready to install. In recent years, the company has added custom kitchens and custom hardwood flooring to its list of products. Tom Turnwald, president of National Door and Trim, stated that the driving need for this expansion is to showcase the companys existing and new products. When things were slow-
You might be surprised to discover the virtually unlimited design You might be surprised to discover the virtually unlimited design possibilities of a Butler buildingsystem. As your local Butler Builder, possibilities of aand Butler building system. As your local Butler Builder, we can build a exible attractive Butler building that incorporates wood, brick, stone, or glass. You can also choose from a wide variety we can build a exible and attractive Butler building that incorporates of metal roof and wall systemsall in a building that meets both your wood, brick, stone, or glass. You can also choose from a wide variety needs and your budget. of metal roof and wall systemsall in a building that meets both your needs and your budget.
You might be surprised to discover the and virtually unlimited design needs your budget. UNVERFERTH, page 5 possibilities of a Butler building system. As your local ButlerSee Builder , we can build a exible and attractive Butler building that incorporates wood, brick, stone, or glass. You can also choose from a wide variety of metal roof and wall systemsall in a building that meets both your needs and your budget.
Staff Report DELPHOS Kalidas Unverferth Manufacturing announced on Dec. 13 they expect to add 1520 new jobs as the result of a 70,000-square-foot expansion to the Delphos facility. The facility was chosen for expansion after an agreement was finalized with AEP Ohio for relocation of a section of subtransmission that crosses the west side of the Unverferth property, which is where the addition will be located. New machinery and equipment will be added in the expanded area. Expansions such as this are made possible by the continued commitment of our employees in producing high-quality, in-demand products and with the cooperation of AEP and Van Wert County in encouraging our growth, Larry Unverferth, director of manufacturing operations said. AEP Ohio is providing Unverferth Manufacturing with an Economic Development RSP Grant totaling $100,000 to assist in the relocation of power The RSP Grant program provides financial asYou might surprised to discover the virtually unlimited design 6 be lines. sistance to new and existing industries for projects possibilities that of acreate Butler building system. As your local Butler Bu and retain jobs and generate new investment within the AEP Ohio service territory. we can build a exible and attractive Butler building that incorpora AEP Ohio is pleased to partner with Van Wert 9 wood, brick, stone, orin glass. You Unverferth can also choose from a wide variet County assisting Manufacturing with their Delphos plant expansion stated Tim Wells, of metal wall systemsall in a building that meets both yo 10 roof and AEP manager of economic & business development
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Rebecca Spieles Citizens National Bank (CNB) has named Rebecca (Becky) Spieles as Branch Manager of their Van Wert office. In this position, Spieles is responsible for branch oversight, including daily operations, sales and financial performance. Rebecca has over 15 years experience in the banking industry and has been employed with CNB since 2011, working in their Lima office as a Customer Service Representative. Margaret Thompson, AVP/ Branch Operations Coordinator, said of Spieles, Her dedication to customer service and knowledge of financial principles has played an important role in the success of our bank. We are pleased to acknowledge her many contributions with this promotion. Spieles previously attended Rhodes State College and has completed additional enrichment coursework from the Ohio Bankers League. She is an active member of Saint John the Evangelist Catholic Church. Rebecca and her husband, Drew, reside in Delphos, OH and have two children and one grandchild. With offices in Bluffton, Celina, Defiance, Elida, Findlay, Lima, Springfield and Van Wert, Citizens National Bank has assets totaling more than $600 million and has been serving the communities of West Central Ohio since 1920.
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TheBusinessJournal
January 2014
By Cheryl Parson, President Better Business Bureau Serving West Central Oho
This is the time of year that companies set goals for the upcoming year. Build sales figures. Time to market and promote the firm. Optimism and expectations abound. This is also the time bogus and fraudulent companies begin trotting out great marketing opportunities for businesses especially small businesses - everything from spots on place mats, maps, or calendars to traditional or online yellow pages as well as various internet sites.
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Contact Us Telephone Don Hemple Marilyn Hoffman toll free 419-999-4762 419-695-0015 ext. 138 419-695-0015 ext. 131 800-589-6950
But before you commit your companys hard earned funds to these marketing opportunities take time to take a deep breath and be cautious. First and foremost, dont be pressured into agreeing to anything immediately. Ask how you can reach the salesperson if you decide that you want to purchase the services. Check to make sure the businesses they claim are using the product or service offered really are. Get references from those users and samples of materials produced before you agree to buy. Contact the references and ask if the work was completed on time and the materials were distributed as promised. If the company making the offer is not from your area, shop and compare services and prices locally. It is often less expensive to produce advertising materials yourself by dealing with a local business. If you dont know of a local vendor for the proposed services, a quick check with your Chamber of Commerce may be of great help. It is helpful to know if problems with the company have already been reported. Check its complaint record with the Better Business Bureau or your local or state consumer protection agencies. If you decide to buy, always get a written contract that includes the companys name, address, and telephone number, the price and payment schedule, as well as a description of the product and materials, the number that will be produced, and the date and plan for distribution. Never pay the full amount up front. Instead hold out a substantial amount until you have received confirmation that the materials have been produced and distributed according to the contract. Help prevent other businesses from getting scammed by reporting fraudulent sales of advertising materials to law enforcement officials and the Better Business Bureau.
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CEOs held more optimistic expectations for gains by their own firms in the Q3 2013 Vistage CEO Confidence Index, even though they held less favorable views about the overall economic environment. Despie the debates about federal spending and the debt ceiling as well as prospective changes in monetary policies (the survey was conducted prior to the Feds recent surprise announcement), firms expressed an increasing level of confidence that prospects for their firms wold steadily improve during the year ahead. The Vistage CEO Confidence Index What would What other would business other leaders business in your leaders shoes What in do? your would shoes other do?business leaders in your shoes do? was 97.8 in the 3rd quarter 2013 survey, just How do they How handle do they retention handle issues, retention trim costs, issues, How or trim do deal costs, they handle or dealretention issues, trim costs, or96.7 dealin the 2nd quarter survey but above the substatially above the 89.0 recorded in last with labor relations? with labor Whatever relations? the Whatever challenge, thea with challenge, Vistage labor relations? a Vistage Whatever the challenge, a Vistage yearsChair, 3rd quarter. What wouldAdvisory other business leaders in by your shoes by do? How doChair, they handle Private Private Board, Advisory facilitated Board, facilitated a Vistage Private Chair, a Vistage Advisory Board, facilitated by a Vistage To be sure, two-thirds of all CEOs beretention issues, trim costs, or deal with labor relations? Whatever can help you can find help the you answers. find the Join answers. us at our Join next can us help at our you next find the the challenge, answers. Join us atlieved our next that their business wold ultimately What would other business leaders in your shoes do? a Vistage Private Advisory Board, facilitated by a Vistage Chair, can help you find monthly meeting. monthly meeting. monthly meeting. suffer from the burden of increasing fedthe answers. Join us at our next monthly meeting. How do they handle retention issues, trim costs, or deal eral debt, but nonetheless expressed reater If you are a CEO, If you key are executive, a CEO, key executive, If you are a CEO, key executive, relations? Whatever the challenge, a Vistage If youwith are alabor CEO, key executive, confidence in all aspects of their business. or business owner, or business call owner, call or business owner, call CEOs expected higher revenues and proits, or business owner, contact Private Advisory Board, facilitated Chair, Lauren Foster Lauren (858) 509-5861 Foster (858) 509-5861 by a Vistage Lauren Foster (858) 509-5861 and were more willing to boost fixed investMatt Lauth (419) 348-8046 or www.vistage.com www.vistage.com can help www.vistage.com you find the answers. Join us at our next ments and hiring. Seven-in-ten CEOs would matt.lauth@vistage.com prefer legislation that balanced increases in monthly meeting. the debtInternational. ceiling with reductions in federal Vistage International. Vistage 235_3046 International. 235_3046 Vistage 235_3046 spending. If you are a CEO, key executive, or business owner, call 4 TheBusiness Journal January 2014 Lauren Foster (858) 509-5861
Looking Looking for for Looking for proven proven business Looking forbusiness proven business solutions? solutions? solutions?
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around 43. Van Wert City Council approved an Enterprise Zone agreement with National Door & Trim. This agreement provides the company with a 100% property tax abatement for a five-year period. Alexander and Bebout, Inc., of Van Wert, is the general contractor for this project, providing design-build services. Turnwald noted that the facility uses energy efficient lightning, but that is not the only green element to the company. Many of the products we make ourselves are green, Turnwald advised. He stated that all of the finishes used on the various products are water-based and all of the wood used to manufacture the products come from sustainable forests. About 90% of our customers are resident contractors and residential builders, Turnwald explained, noting that the other 10% are individuals. He noted that National Door & Trims products are typically supplied to homes valued from $350,000 up to $2 million. According to Turnwald, the company manufactures supplies for six to eight homes each day. National Door & Trims customer base is approximately a 130-mile radius from Van Wert, according to Turnwald. He explained the companys coverage stretches to Toledo; Elkhart, Indiana; and the Dayton and Columbus areas.
Citizens National Bank sentative before transitioning (CNB) has named Michael to interim Branch Manager of Dulle as Branch Manager of the Bluffton office. He previtheir Elida office. In this poously attended the University sition, Dulle is responsible of Northwestern Ohio and has for branch oversight, includcompleted additional enhanceing daily operations, sales ment coursework from the and financial performance. American Institute of Bankers. Michaels wealth of banking Dulle is a member of Saints knowledge brings great value Peter and Paul Catholic Church. to the bank and his dedication He currently resides in Ottawa, to customer service will be an OH. asset to the Elida community, With offices in Bluffton, said Margaret Thompson, Celina, Defiance, Elida, FindMichael Dulle AVP/Branch Operations Coorlay, Lima, Springfield and Van dinator for the institution. Wert, Citizens National Bank Michael has been employed with CNB has assets totaling more than $600 million since 2010, working in the Findlay office and has been serving the communities of as a teller and Customer Service Repre- West Central Ohio since 1920.
(Continued from Page 1) for Ohio. Other business incentives which made the expansion attractive for the Delphos plant was a Van Wert County Enterprise Zone Tax Exemption for real property tax and a JobsOhio grant coordinated by Regional Growth Partnership (RGP) helped to make the project possible. Unverferth was granted a 10-year, 90-percent tax abatement by Delphos City Schools in late November for expansion project. Van Wert County Economic Development Director, Cindy Leis, said she is
Unverferth
pleased to see business retention and expansion in the county and expects additional economic improvements throughout the county in 2014. Unverferth Manufacturing has been serving American farm operations since 1948 with tillage equipment, pull-type sprayers, hay, seed and grain handling equipment, and agricultural dual and specialty wheels. The company is based in Kalida, Ohio, with additional plants located in Shell Rock, Iowa and Delphos, Ohio. The Delphos expansion is designed to streamline production and meet customer demand.
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According to research, those businesses seeking the advantages of being perceived as having greater resources, being a leader and being more experienced should utilize the strategy of larger, more colorful, more frequent advertising.
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The oldest baby boomers will turn 68 in 2014. Some boomers are already retired, and many others will join them in the coming year. Here are some tips for people planning to retire in 2014: Revisit your asset allocation. Its important to dial down the risk in your investment portfolio as you approach retirement, but you Jane Birckhead, CPCU also need to ensure your portfolio will keep up with inflation over Executive Vice President what could be several decades of retirement. As you approach Trustee - Stepping Stones Center retirement, it makes sense to scale back some of the risk in the Life Home Auto Business Income portfolio, says Susan Strasbaugh, a certified financial planner and Life Home Auto Business Income principal of Strasbaugh Financial Advisory in Colorado Springs, Hukill Hazlett Colo. When you are talking about a 30-year retirement period, Harrington Agency, Inc. you dont need everything really conservatively invested because you still need growth to stay ahead of inflation. Strasbaugh recInsurance Since 1838 ommends investing a portion of your assets in cash or short-term 513-793-1190 1838 bonds, while investing some of your longer-term money more agFAX:Insurance 513-795-5730 Since Cell: 513-479-1193 gressively. Direct Line: 513-619-4621 3-793-1190Email: FAX: 513-793-5730 Cell: 513-479-1193 jbirckhead@hhhinsurance.com Stress-test your retirement finances. Take a look at the worstDirect Line: 513-619-4621 www.hhhinsurance.com case scenario for your investments, and consider whether you will Email: jbirckhead@hhhinsurance be able to pay for all www.hhhinsurance.com of your retirement Full Payroll Service: necessities if that Direct Depositing Check Printing Tax Depositing happens. If you can Quarterly Payroll Reports Year End Reconciliation W2s & 1099s financially afford to absorb a loss like we have seen in the past and still have enough income, that is going to be the most comforting thing, says Greg Phelps, a certified financial planEric M. Macwhinney, President ner and president 207 N. Main St. Delphos of Redrock Wealth Management in Las 419-227-9040 419-695-9040 Vegas. If a loss of 25 www.psi-payroll.com percent would cause
cessity. If youve started saving too late, you might need a few extra years to build your nest egg a little bit. This doesnt mean that you have to work full time. You might be able to manage working part time, or on a freelance or consulting basis. Even a homebased business might be an option. Look at the alternatives, and determine how you might put off living only on your nest egg for a little bit longer. 5. Downsize your lifestyle. Another reality is that you might need to downsize your lifestyle if your nest egg is insufficient for your current needs. In some cases, if you dont want to work a little bit longer, you might need to re-evaluate your expenses. Selling some items, selling your home and moving into a smaller place, and perhaps adjusting your view of retirement might be necessary if your nest egg isnt keeping pace.
you perilous harm, then you need to go back to the drawing board. Simplify your investments. Unless you plan to make managing a complicated investment portfolio one of your retirement hobbies, it will save time if you simplify what you are invested in and how many accounts you have. Its very useful to consolidate your accounts, says Jerrold Grecu, a certified financial planner and president of Grecu Capital Management in Roseville, Calif. If you have accounts at a variety of different institutions, its much more difficult to manage statements. Carefully consider when to claim Social Security. You dont necessarily need to sign up for Social Security in the same year you retire. Social Security payments increase for each year you delay claiming up until age 70. Generally, the longer you can put claiming Social Security off, the better you are, Phelps says. Even if you are pulling money out of a taxable account or an IRA account
See ADVICE, page 7
TheBusinessJournal
January 2014
Advice
more heavily in the earlier years, if you can put off Social Security until age 70, your finances end up much stronger at age 90. Sign up for Medicare on time. You can first sign up for Medicare during the seven-month window surrounding your 65th birthday. If you fail to sign up during that period (or within eight months of leaving group health coverage connected to your or your spouses job), your monthly Medicare Part B premiums will increase by 10 percent for each 12-month period you were eligible for Medicare but didnt sign up. There can also be penalties if you dont enroll in Medicare Part D and Medigap plans when you are first eligible to do so. . Avoid health insurance gaps. If you plan to retire before age 65, consider how you will find and pay for health insurance before you qualify for Medicare. Its not necessary that you wait until Medicare age to retire, but its extremely important to look at the cost if you do retire before then, Strasbaugh says. A lot of people who were insured through an employer are shocked at the cost. Remember to take RMDs from retirement accounts. Distributions from traditional 401(k)s and IRAs are required after age 70 1/2, and income tax is due on each withdrawal. The distribution amount is generally calculated by dividing the account balance by an IRS estimate of your life expectancy. If you miss a distribution, the penalty is 50 percent of the amount that should have been withdrawn. Consider a gradual transition into retirement. Consider cutting back your hours or shifting to part-time work before you retire completely. This will give you a boost in leisure time while also bringing in some income. Its really difficult to go from working 60 hours a week to nothing. Consider semi-retirement or a 30-hour-a-week schedule, Strasbaugh says. Its important for people to think about what else they are
going to do with their time. Strasbaugh often asks her clients to write down what their ideal week in retirement will look like. Decide how you will spend your time. Whether you want to travel, volunteer or relax, consider how you will fill your days in retirement. Many people spend more than they expected because they underestimate costs like travel and hobbies, and many of them pick up new hobbies, Grecu says. Carefully consider how your expenses might change in retirement.
1. Make goals Considering the long-term status of Social Security, individuals have more responsibility than ever to create their own financial goals for retirement. As the government is moving more and more retirement income onto the private sector and individuals, you need to look at having a million dollars in your retirement plan at the time youre going to start drawing down on it, Anton Bayer, founder of Up Capital Management, said in a phone interview. That sounds like a big number, but its a real number. If you can do better than that, terrific. Mr. Bayer, who has been a Certified Financial Planner since 1985, reminds clients that accumulating the first $100,000 is a brutal up-hill battle that takes years. However, retirement savings build much faster after the initial $100,000 as the AND REPAIR CO. power of compound return Full Service takes effect on a portfolio. Writing down your goals and Painting Contractor financial plan also make the process easier.
See THREE, page 12
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