Crain's Detroit Business - 2011 Book of Lists - (Page 5)

December 27, 2010 CRAIN’S DETROIT BUSINESS Page 5 In this section 10 things to watch . . . . 7 10 things to remember . 9 Private 200 . . . . . . . . 11 Fastest-growing . . . . . 23 Public school districts . 27 Top-paid CEOs . . . . . . 29 Top-paid non-CEOs . . . 31 Largest employers . . . 33 Publicly held . . . . . . . 38 Hispanic-owned . . . . . 39 Native American-owned 39 Asian-owned . . . . . . . 40 Woman-owned . . . . . . 41 Black-owned . . . . . . . 41 THE BIG PICTURE he stories that had the greatest impact on the state and region in 2010 revolved around the letter “e”: economy, electric vehicles and election. But the economy was the thread that wove through nearly every big story of the year. The stimulus bill that was to boost the economy turned out not to be as stimulating as it was meant to be, and that had many businesses reluctant to add jobs while they kept looking over their shoulders for a double-dip recession. Consequently, unemployment remained stubbornly high all year. There were, however, sectors that rebounded well from the recession, and many of them revolved around the automobile. The loudest buzz in the sector came from the post-bankruptcy automakers themselves, and it was electrifying. As global auto sales began to rise, the automakers aggressively pressed ahead with their vision for electric vehicles, most notably the Chevy Volt. The effort sparked federal and state tax incentives, which spurred battery manufacturers to open up shop and hire workers. They were followed by charging station makers and distributors. (Page 51.) The rebound by vehicle manufacturers was good news for area auto suppliers that had managed to survive the recession. BorgWarner, TRW, Lear and Federal-Mogul all saw profits soar in the second half of the year, DUSTIN WALSH/CDB and Tower International went public. (Page 43.) As plug-in electric vehicles hit the market, Jim Blain, The “new” economy also did well in 2010. Some highlights include: founder of PEP Stations LLC, The New Economy Initiative approved the $5 million First Step Fund to help has has more than 100 startup companies, the Michigan Women’s Foundation began raising an anorders for PEP’s $4,000 electric-vehicle charging gel fund to support woman-owned startups, and Dan Gilbert launched station. venture capital firm Detroit Venture Partners with two well-known partners. (Page 51.) Other sectors concentrated on coming up with ways to further tighten their belts through mergers and affiliations. The health care industry, reacting to health care reform, saw hospitals reach out to one another, and physicians looked for jobs at hospitals or physician organizations. For example, Oakwood Healthcare expanded its physician employment and started to create an accountable-care organization, William Beaumont Hospitals reorganized for greater physician involvement, and the University of Michigan Hospitals and Health Centers plans to create a statewide health system. (Page 51.) Arts and cultural organizations took a similar route to saving money. The Michigan Nonprofit Association announced $1.1 million in grants for six local cultural collaborations, and the Detroit Winds & Strings expects to add two more organizations to its six-member collaborative in 2011. (Page 95.) The year also wasn’t very kind to area banks. Four were shut down and seven were operating under federal and state consent orders to improve operations. (Page 81.) But there were some bright spots in finance. For example, First Michigan Bank CEO David Provost went on a buying spree, and former W.Y. Campbell employees founded investment banking firms. To cap off the year, the topsy-turvy economy played a big role in the election of former businessman Rick Snyder as governor. To help right the state’s course, Snyder plans a “value for money” budgeting approach (Story at right) and proposes to eliminate the Michigan Business Tax in favor of a 6 percent income tax for “C” corporations, providing an overall tax cut or more than $1.5 billion. While the economy was leaving its mark on people and businesses, there were people making a mark for themselves. Read Natalie their stories of success in our 40 Under 40 and 20 in their 20s profiles, startBruno, of Detroit ing on Pages 69 and 73, respectively. Also, Winds & take note of the many winners of Crain’s Strings, recognition programs, on Pages 67 is a 40 through 79. Under 40 honoree. — Gary Piatek Expect business unusual in Lansing If 2010 election pledges hold true, 2011 isn’t likely to be business as usual in Lansing. Businessman-turnedgovernor Rick Snyder has big plans for the state, not the least of which is a new type of budget approach. At the same time, he faces an all-tooSnyder familiar state problem: A budget deficit estimated at more than $1.5 billion next fiscal year. A point man will be Budget Director John Nixon, previously executive director of the Utah Governor’s Office of Planning and Budget. Nixon’s work included performance measures in Utah government, and one of Snyder’s top priorities is to go to a new Michigan budget system that is performanceand outcome-based. Snyder’s proposed “value for money” budgeting is designed to force the state to reduce spending and increase efficiency by crafting budgets based on priorities and performance and not previous spending levels. Budgeting overhaul is just one plank in Snyder’s plans. In tandem with the new budget system, he proposes to eliminate the Michigan Business Tax and replace it with a 6 percent corporate income tax that would apply to “C” corporations, providing an overall tax cut of about $1.5 billion. Meanwhile, Republican majorities in the state House and Senate will have their own agendas. In the November elections, Republicans overturned Democratic control of the House and achieved a 63-47 majority, and Republicans widened their hold in the Senate to attain a 26-seat supermajority. New leaders of the chambers are Senate Majority Leader Randy Richardville, RMonroe, and House Speaker James “Jase” Bolger, RMarshall. Both have said their caucuses’ agendas will include a focus on jobs and tax relief for businesses. — Amy Lane T These employment forecasts for groups of occupations were compiled by the Michigan Department of Energy, Labor & Economic Growth. Health carerelated occupations continue to represent the largest growing area, adding 76,930 jobs between two broad groups: health care support, which includes nursing and home health aides, physical therapist assistants and aides, and medical and dental assistants; and health care practitioner and technical, which includes registered nurses, physicians, pharmacists, dentists, technicians, therapists and specialty areas of practice. Other occupations growing: 13.9% Computer and mathematical (13,680 jobs) 12.1% Personal care and service (18,820 jobs) 12.1% Community and social services (8,200 jobs) 12.1% Life, physical and social science (4,800 jobs) Extracurricular activities with an emphasis on extra. To see all the amazing things we have going on, visit events.wayne.edu. AIM HIGHER THE BIG PICTURE Occupations on the grow, 2008-2018 http://events.wayne.edu http://events.wayne.edu

Table of Contents for the Digital Edition of Crain's Detroit Business - 2011 Book of Lists

Crain's Detroit Business - 2011 Book of Lists
The Big Picture
10 things to watch in 2011
10 things to remember about 2010
Private 200
Fastest-growing companies
Public school districts
Top-compensated CEOs
Top-compensated non-CEOs
Metro Detroit employers
Wayne County employers
City of Detroit employers
Livingston County employers
Washtenaw County employers
Macomb County employers
Oakland County employers
Publicly held companies
Hispanic-owned businesses
Native American-owned businesses
Asian-owned companies
Black-owned businesses
Woman-owned businesses
The Motor City
Airlines Serving Detroit Metro
Professional Sports Teams
Auto Suppliers
Auto Dealers
Aftermarket Suppliers
Divisions
Defense Contractors
New Economy/Health Care
Family-owned companies
IP law firms
Group health plans
Hospital companies
Physician organizations
Graduate business degrees
Engineering companies
Environmental companies
IT companies
Biotech companies
People/Awards
Salute to Entrepreneurs
CFO Awards
40 Under 40
Best Lawyers
20 in their 20s
Women to Watch
M&A Awards
Most Connected
Finance
Capital campaigns
Accounting firms
Banks and thrifts
Money managers
Business insurance agencies
SBA Lenders
Real Estate/Services
Office furniture dealers
Nonprofits
Meeting facilities
General contractors
Architects
Property managers
Residential brokers
Staffing companies
Logistics firms
Law firms
Classifieds
Index of Companies

Crain's Detroit Business - 2011 Book of Lists