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THE PRIMARY DRIVERS OF MIDWESTERN JOB GROWTH


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Agenda Registration and Breakfast 7:30 a.m. - 8:30 a.m. Speaker Presentations 8:30 a.m. - 10:00 a.m. Chicago as a MegaRegion Benjamin F. Jones, Associate Professor, Kellogg School of Management, Northwestern University, addresses Chicago’s position as a global city, its base of clusters/centers of excellence, and the vision for the future. Leading from the Middle Doug L. Farren, Associate Director, National Center for the Middle Market, Ohio State University presents the 2011 OSU/GE Jobs Survey including the data collected and the implications of the largest-ever study on the U.S. middle market. Understanding Midwestern Job Growth Drivers Erik Hurst, V. Duane Rath Professor of Economics and the John E. Jeuck Faculty Fellow, Booth School of Business, University of Chicago, discusses his research on the impact of the housing market collapse and redeploying resources for Midwestern job growth. Break & Table Discussion 10:00 a.m. - 10:15 a.m. Panel Presentation 10:15 a.m. - 11:30 a.m. Addressing the Issues, Opportunities and Threats Today and Beyond Timothy J. Classen, Assistant Professor of Economics, Loyola University Chicago Derrick K. Collins, Dean, College of Business, Chicago State University Michael S. Miller, Associate Professor of Economics, DePaul University Caralynn Nowinski, Associate Vice President for Innovation & Economic Development, University of Illinois Plus the Earlier Speakers Moderator: Richard J. Kelly, Director, Global Market Research, GE Capital The Primary Drivers of Midwestern Job Growth is the launch of an ongoing discussion and study to understand both the most effective areas of economic development and ways to improve our ability to productively invest in this growth. The archives of today’s program as well as a number of whitepapers, news articles, academic studies and economic reports will be available and updated on a regular basis @ http://www.ACGChicago.com/JobsResources.aspx Please contact us with additional information and resources @ 1-877-224-6389.


Speakers

Timothy J. Classen, Ph.D., joined the Department of Economics in Loyola’s School of Business Administration in 2006 where he is an assistant professor. He teaches Health Care Economics in Loyola’s specialized MBA in Health Care Management program and undergraduate microeconomics and econometrics courses.

His research is in the field of health economics with a primary focus on deleterious health behaviors, such as suicide and obesity. He has conducted studies measuring the effect of job loss on suicide risk, the influence of adolescent obesity on educational attainment, the persistence of weight problems across generations within families, and the relationship of participation in the Federal Food Stamps program to obesity. Tim has presented his research at national and international conferences and been published in the journals Health Economics, Economics and Human Biology, and Social Science Quarterly.

Professor Classen earned his doctorate in economics from the University of WisconsinMadison in 2006. His dissertation research was supported by a training grant from the National Institute of Mental Health. He received a Master of Arts in economics from the University of Chicago and a Bachelor of Arts degree in economics and mathematics from Macalester College in St. Paul, MN. Prior to his doctoral studies, Tim worked as an analyst for the economics consulting firm National Economic Research Associates (NERA) in Chicago. Derrick K. Collins serves as the Interim Dean for the College of Business at Chicago State University. Previously, Mr. Collins was Assistant Clinical Professor of Finance at Northwestern University’s J.L. Kellogg School of Management where he teaches the courses Venture Capital and Private Equity Investing, and Entrepreneurial Finance. Mr. Collins also extends his private equity experience into business practice by serving as a General Partner of the business advisory firm, Hickory Trestle, and private equity advisory firm, Magna Saxum Advisors. Prior to this, he served as a General Partner of Polestar Capital Partners, a venture capital partnership focused on investing in minority-controlled technology companies.

Mr. Collins began his private equity career during his tenure at Shorebank Corporation, an Illinois bank holding company, where he served as President of Shorebank Capital Corporation, the venture capital subsidiary of Shorebank Corporation. While at Shorebank, Mr. Collins also served as a Commercial Loan Officer in the banking subsidiary, South Shore Bank.

Derrick has lectured extensively on the topic of venture capital and investing in entrepreneurial companies, including presentations at the Credit Suisse International Business School, the National Football League’s Player Development Program, the National Minority Supplier Development Council’s Advanced Management Education Program, the Chicago Urban League’s NextOne Program, the Wall Street Journal’s Black Entrepreneurship in America Conference, and guest appearances on Chicago’s WGN-TV Minority Business Report, as well as numerous other private and public conferences and meetings.


Speakers

Doug L. Farren is the Associate Director at the National Center for Middle Market at Ohio State University. He joins the Fisher College of Business after an 11-year career at Limited Brands, where he most recently served as Senior Manager, Supply Chain Planning. In this role, his responsibilities included developing the supply chain network and planning/allocation functionality for inventory to support three distinct International store channels.

Mr. Farren started with Limited Brands as a summer intern while completing his MBA in Operations and Logistics Management at the Fisher College of Business. After graduation, he began as a financial analyst responsible for productivity metrics, budgeting, and capital projects. Between 2003 and 2009 he held various operations management positions supporting Lane Bryant, Victoria’s Secret Direct, Victoria’s Secret Stores, and Bath and Body Works.

Prior to returning to school, Mr. Farren worked for Six Sigma Qualtec, a process improvement consulting firm based on Scottsdale, Arizona. His primary functions included marketing strategy, new client relationships, and on-site training and implementation. As part of his responsibilities, he was certified in 1998 as a Six Sigma Black Belt in Transactional Quality.

Erik Hurst, is the V. Duane Rath Professor of Economics and John E. Jeuck Faculty Fellow at the University of Chicago, Booth School of Business. Professor Hurst joined the faculty at Chicago in 1999. He serves as a research associate for the National Bureau of Economic Research and is an associate editor of the American Economic Journal: Macroeconomics, the Journal of Monetary Economics, and the Quarterly Journal of Economics. Professor Hurst’s research studies macroeconomic policy, household consumption behavior, time use, housing markets, entrepreneurship, and household financial behavior broadly defined. His research on these topics has appeared in top economic journals including the American Economic Review, the Journal of Political Economy, and the Quarterly Journal of Economics and is frequently cited in the Economist, BusinessWeek, and the New York Times.

Professor Hurst received the 2006 TIAA-CREF Paul Samuelson Award for the best published paper dealing with household financial security for his joint work with Mark Aguiar, "Consumption vs. Expenditure" (Journal of Political Economy, October 2005). Professor Hurst also was awarded the 2012 Ewing Marion Kauffman Prize Medal for Distinguished Research in Entrepreneurship bestowed annually to one scholar under the age of 40 whose research has made a significant contribution to the entrepreneurship literature.


Speakers

Benjamin F. Jones is an Associate Professor of Management and Strategy at the Kellogg School of Management. Professor Jones’s research considers obstacles to growth in developing countries, with recent work considering subjects such as national leadership, higher education, and climate change. He further studies the forces that drive technological progress in advanced economies, with recent work examining collaboration in innovation and the relationship between age and creativity. His publications have appeared in leading academic journals such as the Review of Economic Studies, Quarterly Journal of Economics, and Science, and have been profiled in media outlets such as the Economist, the New Yorker, and the Wall Street Journal, as well as in popular books such as Tim Harford’s Adapt.

A former Rhodes Scholar, Professor Jones served in 2010-2011 as the senior economist for macroeconomics for the White House Council of Economic Advisers and earlier served in the U.S. Department of the Treasury. In 2011, he was awarded the Stanley Reiter Best Paper Award by his peers at Kellogg for the best academic article written by a Kellogg faculty member in the prior four years. Dr. Michael S. Miller is an Associate Professor of Economics at DePaul University, where he has been teaching since completing his Ph.D. at the University of Pittsburgh in 1980. His expertise is in applied macroeconomics and business conditions analysis. In addition to pursuing his teaching and research interests, Dr. Miller spent five years as Associate Dean of Academic Programs in DePaul’s College of Commerce, six years as department chairman, and has twice been the recipient of the university’s Excellence in Teaching Award.

Dr. Miller has taught in both domestic and international settings, including time in Hong Kong, the Czech Republic, Poland, and Bahrain. He has been interviewed numerous times on Chicago radio and television stations about macroeconomic conditions and Federal Reserve policy.


Dr. Caralynn Nowinski is the Associate Vice President for Innovation & Economic Development at the University of Illinois. As an entrepreneur, physician and venture capitalist, she offers a unique perspective to the University’s efforts to foster innovation and stimulate the Illinois economy. She plays an integral role in facilitating programs to support faculty and student talent development and drive the commercialization of emerging technologies.

Speakers

Prior to joining the University, Caralynn was a Senior Vice President in the Chicago Office of Sikich Investment Banking, offering corporate finance and M&A advisory services to life sciences and other high tech clients. Previously, Caralynn was a Principal with early-stage venture capital firms ARCH Development Partners and Midwest Venture Partners, where she played an active role in deal sourcing, due diligence and management of early-stage technology companies. As a graduate student, Caralynn co-founded SanoGene Therapeutics, an early-stage biotechnology company, where, as CEO, she led the company’s spin-out from the University of Illinois and raised a strategic equity investment.

Moderator

Richard Kelly, Director, Global Market Research, is a Marketing executive at GE Capital, based in Norwalk, CT. Richard is in his 13th year with GE, having developed market research globally from a start-up function in the GE Finance business in 1999. Richard has 25 years experience in Marketing and Marketing Research. He has held positions with Synovate (Market Facts), McCann-Erickson Advertising, TBWA/Chiat Day Advertising and CBS Network prior to joining GE.

Recently Richard has been instrumental in the development and commercialization of a differentiated GE Capital value proposition (‘Builders, Not Just Bankers’). On the GE side he leads the research-based partnership engagement with The Ohio State University for the National Center for the Middle Market.

Richard is a graduate of The University of New Hampshire. He has partnered with The Wharton School to develop a standardized market segmentation framework and tools and has presented to GE executives at the Jack Welch Executive Leadership Campus.


2012 Calendar Highlights Chicago Social: 2nd Annual Texas Hold’em Tournament East Bank Club, Chicago, IL April 12, 2012

Corporate Success Series: Convergint Technologies The Standard Club, Chicago, IL April 18, 2012

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InterGrowth Gaylord Texan Hotel, Dallas, TX April 25, 2012 thru April 27, 2012

Healthcare M&A Conference The Standard Club, Chicago, IL May 9, 2012

The Future of Banking The Standard Club, Chicago, IL May 14, 2012

17th Annual Golf Outing Harborside International Golf Course, Chicago, IL June 4, 2012

3rd Annual Food Conference McCormick Place®, Chicago, IL June 11, 2012

Cleantech Market Trends The Standard Club, Chicago, IL June 26, 2012

Registration and the full calendar are available at ACGChicago.com/Events


About ACG Chicago

ACG Chicago is a leader in the Association for Corporate Growth (ACG) global network of over 14,000 professionals. The ACG Chicago mission is to be the premier network in Northern Illinois for experts and decision-making professionals focused on strategies for increasing stakeholder value. More than 1,000 foremost authorities in their fields comprise this diverse and knowledgeable Chicago network of executives, capital sources, intermediaries, and advisors. We provide unparalleled opportunities for professional development, networking, deal-making and personal growth. Investment Banker/Broker 13%

Corporate 13%

Lender 13%

Equity Group 23%

Accountant/ Consultant 17% Other 10%

ACG Chicago serves this broad range of professionals through targeted networks: Attorney 11%

The Private Equity Network has been long recognized for its strength in the middlemarket. It hosts the annual Market Trends, annual Healthcare M&A Conference and the Midwest ACG Capital ConnectionŽ in October. Last year’s event boasted more than 1200 attendees and over 160 private equity firms. The Corporate Network is comprised of senior executives of public and private companies throughout the Chicago area that foster strategic and organic growth. ACG Chicago has been able to expand its network to those executives through its highly successful programs including the annual Food Conference, Feasting on Opportunities, and its new outreach projects in corporate development minority management and board development.

The International Network is for those corporate development officers and professionals involved in cross-border growth and transactions. It hosts exclusive roundtables and global M&A events.

The Venture Network focuses on new and emerging sectors of economic development that will spur future growth in our other networks. Our fifth annual Midwest Energy Conference is now joined by the Innovation Track at our Healthcare M&A Conference in May and a focus on bringing innovation leaders together to build a forward looking professional community in Chicago.


Supporting Organizations GO CHICAG BIG RED CHICAGOANS FOR NEBRASKA

C OLLEGE of BUSINESS UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN

Programs

Chicago/Midwest


GE Capital

WE’RE NOT JUST BANKERS, WE’RE BUILDERS. Like a bank, we make loans. But unlike a bank, we’re part of GE, a company that manufactures advanced technology that helps move, cure and power the world. So not only can we provide smart financing, we can also offer access to the insights and best practices of GE to make that financing work harder. Chances are we have the expertise you need to make your company more competitive – and we’re happy to share. Stop just banking. And start building. GE works. GECapital.com

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Gold Sponsors BDO USA, LLP Blake, Cassels & Graydon LLP Corinthian Capital Group, LLC Golub Capital McDermott Will & Emery LLP Mesirow Financial Plante & Moran, PLLC PNC Business Credit Vedder Price P.C. Wells Fargo Capital Finance West Monroe Partners Winston & Strawn LLP

Silver Sponsors AccuVal Associates, Incorporated Burke Warren Gould & Ratner LLP Horizon Capital Advisors, LLC Huron Consulting Group The Jordan Company Katten Muchin Rosenman LLP RHR International Synergy Law Group, L.L.C. Tatum

181 W. Madison St, #3350, Chicago, IL 60602 www.ACGChicago.com (877) 224-6389


2012 Primary Drivers of Midwestern Job Growth Book