Siouxland Business Journal February 2012

Vol. 21 No. 7 PO Box 118, Sioux City, Iowa 51102

February 2012

FINANCIAL ISSUE

REFINANCE

BOOM How low will mortgage interest rates go?

INSIDE THIS MONTH’S ISSUE: Sioux City named Blue Zone PAGE 4

Hospitals boost local economy PAGE 4

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Siouxland Business Journal, February 2012

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BusinessJournal Ron Peterson, publisher Dave Dreeszen, editor

Siouxland Business Journal is published monthly by Sioux City Newspapers Inc., in cooperation with the Siouxland Chamber of Commerce.

Requests for a free subscription or address changes should be sent to: Nan Stettnich Siouxland Business Journal Box 118 Sioux City, Iowa 51102

Editorial copy should be sent to: Dave Dreeszen Siouxland Business Journal editor Box 118 Sioux City, Iowa 51102 dave.dreeszen@lee.net

For more information: Editorial: (712) 293-4211 or 800-397-9820, ext. 4211 Advertising: (712) 224-6275 or 800-728-8588 Circulation: (712) 293-4257 or 800-397-2213, ext. 4257 On the web: www.SiouxlandBusinessJournal.com Photo by Thinkstock.com

ON THE COVER

Index Business Know How ........................................page 13

Home & Office ....................................................page 7

Business People ...............................................page 14

On the move ......................................................page 11

Chamber anniversaries ...................................page 18

Ribbon cuttings ................................................ page 17

Chamber investors...........................................page 18

More and more homeowners are refinancing their mortgages to take advantage of historically low interest rates. Local lenders say the refinancing boom continues to keep them busy.

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Siouxland Business Journal, February 2012

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Sioux City named a Blue Zone finalist Judges will visit March 12 to evaluate healthy living

BY LYNN ZERSCHLING Business Journal staff writer

Sioux City and Spencer, Iowa, community leaders have a month to prepare presentations to wow judges who will decide whether the cities are named a “Blue Zone” community.

The two Northwest Iowa cities on Feb. 10 were named finalists in the statewide competition, which looks to showcase communities taking steps to make residents fit and healthy, helping reduce health care costs.

Wellmark Blue Cross/Blue Shield is sponsoring the event.

Eighty-four Iowa communities expressed interest in being finalists; 11 were picked.

“Obviously this is good news for the city,” Sioux City Mayor Bob Scott said. “Anything we can do to increase

Iowa Blue Zones finalists

Bob Scott

Paul Gausman

the general health of our community will be good for our citizens.”

Judges are expected to visit Sioux City March 12 and look at ways the community is committed to healthy living. The first round of demonstration sites will be announced in May. Derek Carmona, Sioux City environmental services analyst, said Sioux City officials expect to put together a bulletin board showing what the community has done, including various newspaper articles.

Community members for months have been working on projects. Avery Bros. Sign Co. has eight billboards advertising the effort; ads also appear on Sioux City Transit buses. Stickers and other promotional items have been distributed at events.

Ames Cedar Falls Cedar Rapids Clinton Davenport Mason City Muscatine Ottuma Sioux City Spencer Waterloo

The city, Sioux City school district, St. Luke’s Regional Medical Center, Mercy Medical Center and other businesses have developed healthy initiative plans.

“If we become a demonstration site, then we will take these principles and put them into effect,” Carmona said. “Right now, it’s to promote the project and make people aware of it.”

Sioux City schools Superintendent Paul Gausman said the community has turned out for the project. He said it shows

FINALISTS, PAGE 5 Journal file photo by Tim Hynds

Mercy Medical Center employees walk in downtown Sioux City in October as part of a statewide fitness event. The city is one of 11 Iowa communities recognized for efforts to make residents healthy.

Study: Mercy, Luke’s adds $233 million to local economy

BY DAVE DREESZEN Business Journal editor

St. Luke’s Regional Medical Center and Mercy Medical Center contribute nearly $233 million annually to the tri-state economy, according to a recent study released by the Iowa Hospital Association.

The study examined the jobs, income, retail sales and sales tax produced by hospitals and the rest of the

state’s health care sector.

The study was compiled from hospital-submitted data on the American Hospital Association’s annual survey of hospitals and with software that other industries have used to determine their economic impact.

The two Sioux City hospitals have a combined 2,513 employees, who spent in excess of $95 million on retail sales and contributed $5.7

employees earn more than $59.5 million in salaries. In turn, St. Luke’s spin-off effect in the community creates 1,966 total jobs, which have an overall economic impact of $87.9 million. St. Luke’s presence yields taxPeter Bob able retail sales of nearly Thoreen Peebles $35.9 million and $2.2 milmillion in state sales tax rev- lion in state sales tax revenue, according to the newly enue. released IHA report.

The report showed 1,471 St. Luke’s 1,042 hospital staff members at Mercy

earn $98.2 million in salaries. Those jobs have a positive “spin-off” effect in the community, creating 2,775 total jobs in the area with a total economic impact estimated at $145.1 million.

Mercy’s presence in the region yields taxable retail sales of $59.2 million and $3.6 million in state sales tax revenue. The data cover the impact of the hospitals themelves. St. Luke’s also

operates a network of clinics, while Mercy also manages or owns a network of clinics and rural hospitals.

“As a community partner, we understand the impact of our hospital extends beyond health care. We remain committed to bringing positive growth and development to the people of Siouxland,” said Peter

HOSPITALS, PAGE 5

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Siouxland Business Journal, February 2012

Hospitals: Hospitals have combined 2,500 employees FROM PAGE 4 Thoreen, president and CEO of St. Luke’s Health System. “The impact Mercy Medical Center has on the vitality of the Siouxland

area is significant,� says Bob Peebles, president and CEO of Mercy Medical Center. The study found that Iowa hospitals directly employ 70,363 people and create another 65,783 jobs

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By the Numbers

145.1

outside the hospital sector. As an income source, hospitals provide $3.9 billion in salaries and benefits and generate another $2.3 billion through other jobs that depend on hospitals.

Estimated amount in millions of dollars that Mercy Medical Center contributes to the local economy

87.9

Estimated amount in millions of dollars that St. Luke’s Regional Medical Center contributes annually to the local economy

St. Luke’s Regional Medical Center is shown above.

1,471

No. of Mercy employees

1,042

No. of St. Luke’s employees Source: Iowa Hospital Association

Journal file photos by Jerry Menenga

Mercy Medical Center is shown above in downtown Sioux City.

Finalists: Blue Zone judges set to visit Spencer on March 13 FROM PAGE 4 how the city is committed to healthy living. “It’s been fun to see the different groups and entities find ways to celebrate the great things that we have,� he said.

“More importantly, we have crafted a vision for what we could become.�Judges are expected to visit Spencer on March 13, said Blue Crew co-leader Alison Simpson. “This will allow us to showcase Spencer and our readiness to

move forward with becoming a Blue Zones demonstration site,� she said. “From day one, we’ve had involvement from every level of the community, from students to residents to leaders. It has included all generations.�

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Siouxland Business Journal, February 2012

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A major remodeling project underway at the Sioux City Target is expected to expand the store’s food offerings.

T h e n ew a d d i t i o n s w i l l i n c l u d e l i m i te d

assortments of fresh produce, fresh meat and prepackaged baked goods, said Jamie Bastian, a spokesperson for the Minneapolisbased retail chain, in an email.

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Above is a submitted photo of a expanded fresh food aisle at a Target store, like the one that will added at the Sioux City store as part of a major remodeling project.

is expected to be finished in March, also will “refresh” the store’s beauty, home, shoe and baby departments, she said.

The 145,000-squarefoot department store opened in 2003, becoming the first in the Sunnybrook Plaza shopping center at Sunnybrook Drive and Sergeant Road.

T h e n ew a d d i t i o n s changes the corporate designation of the store from a Greatland Target to a General Merchandise Target, Bastian said.

Although limited in assortment, she said the expanded fresh food lineup offers about 90 percent of the food categories in a SuperTarget store, a concept that combines general merchandise with a full line of groceries, a bakery and a deli.

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INSOMINA

DON’T LOSE SLEEP OVER IT Pam was not meeting sales quotas and was worried about losing her job.

Each night she lay in bed letting various anxietyprovoking scenarios run through her mind. She knew that she needed rest to do her job properly; yet she usually climbed out of bed in the morning with less than enough sleep.

Jeremy’s problem was not linked to any specific cause but had lasted much longer. He couldn’t remember the last time he’d had a satisfying night’s sleep.

Virtually everyone experiences insomnia at one time or another. Insomnia is the most common sleep complaint among Americans. It can be either acute, lasting one to several nights, or chronic, even lasting months to years.

When insomnia persists for longer than a month, it is considered chronic.

According to the National Center for Sleep Disorders Research at the National Institutes of Health, about 30-40 percent of adults say they have some symptoms of insomnia within a given year, and about 10-15 percent of adults say they have chronic insomnia.

People who have trouble sleeping every night without exception for months or years are fairly rare.

More often, people experience chronic-intermittent insomnia, which means difficulty sleeping for a few nights, followed by a few nights of adequate sleep before the problem returns.

Although we usually define insomnia as having

for medical conditions that may be contributing Home to your sleep problems and you find a way to get & Office help to sleep.

Acute Problems, Don’t KIRA OREGON Panic Acute or short-term insomnia-defined as lasting less than four a difficult time getting to weeks-usually has an overt sleep, the most common cause-a problem at work, pattern involves frequent worry about finances or awakenings during the intrusions on the sleepnight. In addition, some ing environment such as a individuals awaken too early and are unable to get neighbor’s loud, late-night parties. back to sleep.

For insomnia lasting Nearly all suffer the confive days or less, the best sequences: feeling sleepy approach is usually to and tired during the day and any other time they’re do nothing. With time, sleepiness will descend not trying to sleep. With upon you and you’ll make impaired concentration, the adjustments necessary. attention and memory, persons with insomnia are Sleeping in, taking naps, going to bed earlier or lying less productive at work for hours wide awake can and more vulnerable to throw your sleep rhythms mistakes. Studies show into even greater disarray. that inadequate sleep is Chronic insomnia is associated with slower defined as sleep problems reaction times and more occurring three or more automobile and other acnights a week for at least cidents. four weeks. But insomnia Insomnia is not a dislasting even a week should ease, although it may be a symptom of an underlying be addressed promptly before negative patterns are medical condition. Left established. untreated, it can cause Sometimes lifestyle headache, upset stomach, changes are enough. These irritable mood and probstrategies include: lems with interpersonal <jkXYc`j_ X i\^lcXi relationships. Over the long term, recent research sleep schedule that includes both consistent bed suggests it’s a major risk factor for high blood pres- times and wake time.

8mf`[ ZX]]\`e\ n`k_`e sure, type 2 diabetes, de3-4 hours of bedtime, earpression and weight gain. lier before bed if you are According to one study, caffeine sensitive. lack of sleep is a greater 8mf`[ XcZf_fc e\Xi risk for early death than smoking, hypertension or bedtime. It may make you drowsy but will disturb heart disease. overall sleep.

If insomnia is bother 8mf`[ e`Zfk`e\# X ing you, don’t wait until it becomes ingrained as a habit. Your doctor can look INSOMNIA, PAGE 16

Siouxland Business Journal, February 2012

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Siouxland Business Journal, February 2012

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outdoor 3 investments for an era living of low interest rates at its best

BY MARK JEWELL Associated Press

Free Outdoor Estimates 322 West 7th Street | Sioux City, IA 51103 712-258-3388 | www.foulkbros.net

The Federal Reserve is making it increasingly hard for investors to earn anything, unless they’re willing to accept plenty of risk. Ben Bernanke and his Fed are playing the role of adviser, encouraging Americans to get a little more adventurous by shifting savings out of low-yielding bonds and putting it to work in stocks.

The latest nudge came last week when the Fed said it doesn’t expect to raise its benchmark rate until late 2014, at the earliest, because the economic recovery remains fragile. Rates have been near zero since December 2008.

The latest extension means borrowers can expect another three years of low-cost loans and mortgages.

However, it’s more bad news for savers and retirees depending on Keep in mind investment income, particularly that if you when there’s 3 percent inflation.

Investors who value earning stable invest in returns from Treasury bonds end something up with little more than satisfaction that they’re faring better than that’s earning people keeping money in tradition- 1 to 2 percent, al savings accounts.

Consider that investors commit- you’re losing ting to lock up their money for a full out to the 3 decade were only being paid 1.8 inflation we’ve percent for buying U.S. Treasurys this week. And yields have turned got now. negative for investors trading 10DICK BRISTOL, year Treasury Inflation-Protected Major (ret.), U.S. Securities, or TIPS. In essence, inAir Force. vestors are willing to pay Uncle Sam to borrow their dollars for 10 years, because the opportunity to minimize losses is attractive compared with other options.

That may be patriotic if the government puts that borrowed cash to work to stimulate the economy. But it’s no way to invest for your future.

“I don’t know why people would pay the U.S. government to borrow their money, unless they’re very, very pessimistic,” says Robert Horrocks, chief investment officer and a portfolio manager with the Matthews Asia mutual funds.

Returns are even smaller for money-market funds, safe harbors where investors can park their cash until they’re ready to put it back into the market. Money fund returns are closely tied to interest rates, and their returns have been barely above zero for three years. They’re now averaging 0.02 percent - call it nothing. Don’t expect improvement until the Fed pushes rates back up.

Here’s a look at three relatively low-risk alternatives to generate some income in a low interest rate environment: 1. Dividend stocks Dick Bristol, a 74-year-old retired Air Force major from

Biloxi, Miss., counts on dividend-paying stocks for his retirement security. His investment portfolio is nearly 100 percent in stocks that make regular payouts, and he and his wife count on a few hundred dollars of dividends coming in each month.

Of course, dividend-paying stocks are not immune from market drops. And companies often cut dividends when the economy skids. But Bristol is convinced the potential returns are worth the risks. In August, he invested in Dynex Capital, a real estate investment trust. The stock has since risen 8 percent and has a high dividend yield of 12 percent. That’s the amount of the dividend paid divided by the share price.

“Keep in mind that if you invest in something that’s earning 1 to 2 percent, you’re losing out to the 3 inflation we’ve got now,” Bristol says. “Over the long run, nothing pays like dividend stocks.”

2. High-yield bonds These bonds are issued by companies with credit problems. High-yield investors expect higher returns because there’s a greater risk of default than with companies possessing investment-grade ratings.

And they’ve gotten them recently. Mutual funds specializing in high-yield bonds have produced an average annualized return of 19 percent over the last 3-years.

Anne Lester, lead manager of JPMorgan Income Builder, has recently been adding to the fund’s holdings in highyield bonds. They now make up 44 percent of a portfolio that also is invested in stocks. Corporate default rates remain low and high-yields are attractively priced compared with Treasurys and other bonds, Lester says.

3. Municipal bonds Investments in the bonds of state and local governments typically won’t make you rich, because returns are generally low. But muni bond interest payments are exempt from federal taxes. That protection may extend to state taxes if the munis are issued by the state in which the investor lives. Investors can pocket attractive returns even after taxes, because the tax hit can be sizeable for those in higher income brackets.

Muni bond funds have been on a terrific run, with average returns of nearly 15 percent over the last 12 months. But don’t expect double-digit returns this year.

Muni bond prices have rebounded from a market scare in late 2010, when the poor financial condition of many states and cities left investors nervous about a surge of defaults.

Although many governments remain troubled, there has been no default surge and municipal bankruptcies declined last year, says Jim Colby, a muni bond analyst with Van Eck Associates.

A setback for the economic recovery could put more pressure on government budgets. But Colby says munis remain an attractive alternative to Treasurys.

He’s expecting muni returns to average 4 to 5 percent over the next few years.

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Siouxland Business Journal, February 2012

U.S. Bank names new Sioux City president

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Business Journal photo by Dave Dreeszen

Bank expands local presence A new Central Bank office is under construction at 4201 S. Lakeport St. It will be the third Sioux City location for the Storm Lake, Iowa-based bank, which has its main Sioux City office downtown at 522 Fourth St. and a branch at 2906 Hamilton Blvd.

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SIOUX CITY BUSINESS JOURNAL STAFF Darin Daby has been named Sioux City market president of U.S. Bank, effective March 1.

A 26-year veteran of U.S. Bank, Daby has worked for the bank in Iowa and South Dakota, most recently serving as private clie n t g ro u p manager in Darin Daby Sioux Falls. â&#x20AC;&#x153;Darin clearly understands the role that U. S. B a n k plays in our community,â&#x20AC;? said current Greg Grupp U. S. B a n k Sioux City president Greg Grupp, who will retire effective Feb. 28. â&#x20AC;&#x153;His commitment to our customers and community coupled with his knowledge and passion for this business make him the perfect fit for Sioux City market president.â&#x20AC;? Grupp, who intends to remain active in the local community, â&#x20AC;&#x153;has been an excellent leader for our team in Sioux City, and our group in that market has attained significant growth and success,â&#x20AC;? said Carl Wynja, regional U.S. Bank President for eastern South Dakota/western Iowa. â&#x20AC;&#x153;Greg will be greatly missed, but he will remain involved and representing U.S. Bank in the Siouxland community as a trusted advisor,â&#x20AC;? Wynja said.

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Siouxland Business Journal, February 2012

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Rates still low

Local banks stay busy with mortgage refinancing

Common types of mortgages

Tom Baurichter

BY DAVE DREESZEN ddreeszen@siouxcityjournal.com

Veteran banker Joe Strub never thought he’d see the day when homeowners with mortgages at 4 1/2 percent would refinance at interest rates a full point or more below that.

That’s the type of scenario that has been occurring more frequently as more and more owners take advantage of historically low rates.

“It’s a great time to be a borrower,” said Strub, president of Primebank in Sioux City.

Primebank and other local lenders say the refinancing boom that began more

Joe Strub

than a year ago continues to keep them busy.

Security National Bank reporte d s t ro n g Dave Holub mortgage volume for December and January, two winter months that historically are slower times of the year, said Dave Holub, senior vice president at the Sioux Citybased bank.

“We’re going into February and March with a lot of people calling in and locking in rates,” Holub said.

For the week ending Feb.

Business Journal photo by Dave Dreeszen

Primebank employee Miranda Estochen, left, goes over files with mortgage loan officer April Countryman at the bank’s Sioux City office at Sunnybrook Plaza. Borrowers eligible to refinance mortgages at historically low interest rates have kept Primebank and other local financial institutions busy in recent months.

Business Journal photo by Jerry Mennega

Security National Bank mortgage loan originator Holly June, center, meets with customers at the bank’s downtown Sioux City office in this file photo. Historically low mortgage rates have kept Security and other local banks busy for some time.

10, the national rate on a 30-year loan averaged 3.87 percent, the lowest level on records dating back to the 1950s, according to mortgage buyer Freddie Mac. The average on the 15-year fixed mortgage rose to 3.16 percent, up from the previous week’s record low of 3.14 percent.

Rates on some 15-year loans briefly dipped below 3 percent, according to local bankers.

To jump start a slowing economy and bolster a lackluster housing market, the Federal Reserve has pledged to kept the key federal funds rate at nearly zero percent until late 2014. The strategy has worked thus far, as millions of homeowners have refinanced their mortgages at lower rates.

For the week ending Feb.

10, the volume of mortgage applications rose 7.5 percent, compared to a week earlier, according to the Mortgage Bankers Association weekly survey.

About 80 percent of applications are from refinancers, according to the association.

Holub said falling rates have allowed some homeowners to refinance more than one time.

“For those people who put a pencil to it, and they’re committed to staying in that house long enough to recapture some of the closing costs, they’re doing it a second time, inside a relatively short period of time,” he said.

Closing costs, typically fall between $1,000 and $2,000.

“In order for someone to

refinance, the interest rate has to drop substantially because they can not recoup that money over a short period of time, such as three to five years,” said Tom Baurichter, South Sioux City market president for F&M Bank.

Baurichter said many homeowners who were eligible and could afford to refinance have already done so.

Some borrowers don’t qualify for the lowest rates due to higher lending standards, implemented in the wake of the 2008 financial crisis. Some owners, for example, don’t have enough equity left in their home to get a lower rate.

Others have credit scores that are too low, making banks leery of lending to them.

BASIC HOME LOANS Fixed-rates mortgages, typically for 30 or 15 years, account for about 70 percent of home transactions, according to industry data.

Locked in when the loan is made, the interest rate remains the same throughout the term of the loan, regardless of changes in the market rate.

Adjustable rate mortgages, or ARMs, also are available.

The loans have an interest rate that is tied to an index, which changes with the market.

GOVERNMENT BACKED LOANS For some borrowers, Federal Housing Administration-backed loans can be easier to qualify for than a traditional fixed-rate mortgage. FHA loans require a down payment of 3.5 percent, less than some conventional loans.

Honorably discharged military personnel or a surviving spouse are eligible to apply for loans backed by the Veterans Affairs.

These loans can cover up to 100 percent of a home’s purchase price.

Loans backed by the U.S. Department of Agriculture allow qualified buyers to borrow 100 percent of a home’s cost. The applicant must meet low to moderate-income guidelines, and the home must be in a rural area and on less than five acres.

– Dave Dreeszen

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Siouxland Business Journal, February 2012

J11

OnTheMove Liberty Bank hires commercial officer Kent Kolbe has joined Liberty National Bank as a commercial banking officer.

He is based at the Dakota Dunes branch.

Kolbe has 15 years experience in the financial services in- Kent Kolbe dustry with 10 years of local banking experience. He is a graduate of the University of Iowa and resides in the Sioux City area with his wife and two daughters.

Kolbe is currently treasurer of the Abu-Bekr Shrine in Sioux City and serves on many other local boards and committees.

St. Luke’s names new chief financial officer Jim Gobell has been appointed chief financial officer and compliance officer for St. Luke’s Health System.

In his new role, Gobell will have overall responsibility for the areas of finance, supply chain management, admitting, health information management and compliance. Previously, he served as director of finance for St. Luke’s, a role he has held since 2000.

Prior to joining St. Luke’s, he worked at Trinity Regional Medical Center in the Quad Cities and the Fairview Health System in Minneapolis.

Gobell is a graduate of the University of St. Thomas in St. Paul, Minn. He currently serves on the board of directors for the Iowa Statewide Poison Control Center and the Sioux City Noon Sertoma Club. In addition, he is an active volunteer referee for various youth swim leagues in Siouxland.

Pharmaceutical supplier promotes Sioux City native

the local Veterans Administration Clinic. He’s been doing locum tenens practice throughout Iowa since 2006.

Sioux City native Bruce As the newest faculty D. Johnson has been member, Taylor will be renamed vice president sponsible for the teaching of consumer family medicine residents, healthcare medical students and phyresearch sician extenders. and develHe is certified by the opment for American Board of Family pharmaceuMedicine. tical supplier Perrigo.

Lockie firm hires J o h n s o n Bruce billing manager w i l l l e a d Johnson new product Jody Wingert has joined development for Perrigo’s Terry Lockie & Associates U.S. consumer healthcare PC as the billing manager. business based in Allegan, Wingert Mich., with responsibilities will be realso at research sites in New s p o n s i b l e for the billJersey and India.

Johnson joined Perrigo i n g o f a l l in 2005 and has played a tax and accritical role in the compa- c o u n t i n g ny’s analytical research and s e r v i c e s , Jody Wingert development activities for and dealing both the U.S. and abroad. with IRS audits and correJohnson holds a Ph.D. in spondence. analytical chemistry from A 2010 graduate of Briar the University of Minne- Cliff University with a B.S. sota and a bachelor’s degree degree in math, she has (cum laude) from Concordia more than 10 years of exCollege, Moorhead, Minn. perience in accounting.

He currently resides in By- She was a part-owner of a ron Center, Mich. private trucking business for 12 years and previously Family Medical worked for a local commercial casualty company.

Center adds doctor Jody resides, and is a naThe Siouxland Medical tive of Homer, Ne. She has Education Foundation, Inc., 3 children and 2 grandchilalso known as The Family dren.

Medicine Center, has added Dr. Mark Buena Vista names Taylor as an business dean associate director.

Dr. Ashok Subramanian has Taylor is a 1971 gradubeen named ate of the dean of the Des Moines Harold WalOsteopathic Mark Taylor ter Siebens University Sc h o o l o f and a 1974 graduate of Saint Business at Michael Hospital Residency Buena Vista University Ashok in Milwaukee, Wisc.

Taylor has practiced in He will start Subramanian Sioux City since 1977 with in the posia two-year association with tion on June 1.

Subramanian has been chair of the Information Systems Department in the College of Business Administration at the University of Missouri, St. Louis, since 2005. He started at the university in 1991 as an assistant professor of information systems.

He is a 1980 graduate of the University of Bombay, India with a major in chemistry. He received his master’s of business administration degree in 1986 and his PhD in management information systems in 1992 from the University of Houston.

During his career, Subramanian has also been an information systems consultant and has corporate experience. He has authored and co-authored a number of published professional articles and has presented at conferences and seminars.

His wife, Julie, most recently worked as a business analyst at Anheuser Busch and an IT project manager in the digital media industry. They have three children.

Architect firm promotes city native Sioux City native Douglas Foreshoe has been promoted to vice president at Bergland + Cram Architects, Mason City.

Foreshoe has been with the firm since 2001. He provides project manageDouglas ment, conForeshoe struction document and construction administration services for the company’s healthcare, educational and commercial projects. He also serves as one of the firm’s primary

photographers for finished work.

Foreshoe resides in Sheffield, Iowa with his wife and two daughters.

Physician joins Mercy-owned hospital Dr. Keith Brown has joined the medical staff of Oakland Mercy Hospital in Oakland, Neb. Brown has extensive experience in critical access hospital care in Nebraska and South Dakota.

The Kansas native is a graduate of Kansas State University Keith Brown and earned his D. O. with honors from Nova-Southeastern University in Fort Lauderdale, Fla. He served as chief resident at the Wichita Family Medicine Residency Program at the University of Kansas School of Medicine.

He is also a veteran of the U.S. Air Force and earned the Air Force Commendation Medal.

In addition to his role as family practice physician at Oakland Mercy Hospital and Clinic, Brown will be on-site one-half day every week at the Mercy Medical Clinic in Tekemah, Neb.

Railroad historic district names director Matt Merk has been hired as the new executive director of the Milwaukee Railroad Shops Historic District in Sioux City.

Merk, a 17-year volunteer veteran for the Siouxland Historical Rairoad Association, assumes management and day-to-day operations of the 31.5-acre historic railroad site in Riverside.

He will oversee all railroad museum operations and directly supervise the museum’s project managers and volunteers, ultimately being responsible for the development of the Milwaukee Railroad Shops Historic District into a premier historic attraction.

He also will oversee a planned $4-million site improvement budget, a staff of more than 50 volunteers and project managers, and visitation now exceeding 30,000 visitors annually.

Merk previously served as executive vice president on the SHRA board. He joined the organization in late 1993 and has overseen several historic preservation projects at the historic district.

His professional experience includes work in the construction industry as a commercial project superintendant and in the computer industry as a quality engineer.

A native of Fort Dodge, Iowa, he is a graduate of the National Education Center with an associate’s degree in electronic Engineering.

Merk and his wife, Shannon, who serves as a nurse clinician at St. Luke’s Regional Medical Center, have two daughters.

Heritage Homes hires director Jon Meyer has joined the management team at Heritage Homes in Wayne, Neb. He will serve as director, selling and business skills development, a new position reporting directly to the president, to teach and develop selling and business skills for Heritage Homes’ builders.

Meyer, the son of Terry & Karen Meyer, CFO of Heritage Companies, .comes to Wayne from Charlotte, N.C. with his wife, Diane.

12

Siouxland Business Journal, February 2012

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13

Transform your heart and lifestyle habits At St. Lukeâ&#x20AC;&#x2122;s, weâ&#x20AC;&#x2122;re encouraging employees to transform their health in 2012. By completing monthly wellness challenges, our employees will have more energy, better sleep and improve their overall health.

By being physically active for 30 or more minutes per day, individuals can reduce their risk of high blood pressure, high cholesterol, heart attack and stroke by up to 70 percent.

I encourage you make 2012 the year you transform your health and challenge yourself with these monthly wellness opportunities.

APRIL

AUGUST

Perform strength trainBe physically active daily ing exercises three or more for 30+ minutes. times each ERIK NIEUWENHUIS week.

SEPTEMBER Eat more and weigh less.

MAY (Eat three or more servings FEBRUARY Take two or more flights of Perform any strength of stairs daily. fruits and vegetables training exercises two to daily.) three times each week.

JUNE Begin and end each day OCTOBER with three positive affirMARCH Walk 30 to 60 minutes daily or 3-plus flights of Pe r fo r m Wo rk S m a r t mations. stretches three to five stairs. minutes, one to two times JULY a day and pay attention to Drink 40-plus ounces NOVEMBER your computer workstation of water daily, working toGet seven to eight hours ergonomics. Use the â&#x20AC;&#x153;stag- wards half of of sleep. gered stanceâ&#x20AC;? WorkSmart your body weight in posture when lifting. ounces.

DECEMBER

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Volunteer this month to help others less fortunate in Siouxland.

Participate in Februaryâ&#x20AC;&#x2122;s wellness challenge and enjoy the benefits including: 1) Increased energy level; 2) Weight loss including inches lost from your waist, hips, arms, chest and body; 3) Improved blood pressure and cholesterol levels; 4) Improved self-esteem and self-image; 5) Improved sleep; 6) Reduction in joint stiffness and muscle pain and a reduction in musculoskeletal injuries to your lower back, shoulders, knees, elbows and hands.

Remember to add these

challenges into your daily planner, and set a measureable goal. You will be 50 percent more likely to reach your goal!

Sources: 1) Physical Activity is Powerful Medicine, by Dr. Don Hall DrPH, CHES WellSource, 2007 www. wellsource.com 2) Wellness Council of America (WELCOA) website at www.welcoa.org.

Erik Nieuwenhuis is St. Lukeâ&#x20AC;&#x2122;s WorkSmart injury prevention specialist and wellness consultant.

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Mercy announces new board, officers Dr. Steven Joyce, Annette Hamilton, Douglas J. Boden and Sister Michon Rozmajzl have joined the Mercy Medical Center-Sioux City Board of Directors.

Joyce is a physician with Mercy Internal Medicine and Pediatrics.

Hamilton, of South Sioux City, serves as chief operating officer and vice president of Ho-Chunk, Inc. in Steven Michon Winnebago, Neb. Douglas Annette Joyce Rozmajzl Boden, a lifelong resident of Sioux City, is president of Boden Hamilton Aalfs Manufacturing of Sioux City.

Rozmajzl, of Omaha, is a member of the Institute of Milt Avery will serve as chairman of the Mercy board the Sisters of Mercy of the Americas. in 2012. Other officers include: Dr. Larry T. Volz,

vice-president; Robert Houlihan, treasurer; and Sister Maurita E. Soukup, treasurer.

Hold over members include: Dr. Patrick Beck, Sister Mary Corita Heid, Barbara Orzechowski, Robert Peebles, David Smetter and David Vellinga.

The board provides leadership to Mercy Medical Center-Sioux City, Baum Harmon Mercy Hospital in Primghar, Iowa, Oakland Mercy Hospital in Oakland, Neb., and Mercy Medical Services, which directs 37 owned or managed family practice and specialty clinics and two managed hospitals in western Iowa and eastern Nebraska.

BusinessPeople St. Luke’s College announces officers St. Luke’s College’s Board of Directors recently elected new officers. They include: Rex Holtze, Jr., chairperson, RGC Constructors; Thomas Elsen, vice chairperson, American Pop Corn Co.; William Deeds, secretary, Morningside College; and Deborah Monk, treasurer, community volunteer.

In addition, St. Luke’s Board includes Dr. Angela Aldrich, Siouxland Obstetrics and Gynecology; Dwight Birkley, Wagner Ear, Nose & Throat; Dr. Kelly Gallego, TriState Specialists; Gretchen Gondek, KWIT Radio; Barbara Kimmel, United Real Estate Solutions; Dr. James Quesenberry, Pathology Medical Services; Dr. Kurt Rosenkrans, Siouxland Medical Education Foundation; Curtis Taylor, Dordt College; Sharon Wellendorf, Horn Memorial Hospital; and Beverly Zenor, Sunrise Retirement Community.

St. Luke’s executive elected to state office

of Professional Nursing Practice and Magnet Program at St. Luke’s, has been elected sec- Ronda retary/trea- Keenan surer for the board of directors of the Iowa Organization of Nurse Leaders.

An IONL member since 1991, Keenan most recently served on the organization’s Professional Recognition Committee and Executive Council.

Part of St. Luke’s nursing staff for over 35 years, Keenan has served in a number of leadership roles at the hospital including director of Women’s and Children’s Services, director of Patient Services, aministrative director of Acute Patient Services and vice president of Patient Services and chief nursing officer.

Two architects elected to state offices

The American Institute of Architects, Iowa chapter has elected two Siouxland architects to serve on the 2012 AIA Iowa Board of DiRonda Keenan, director rectors.

include: Jerry Hansen of Le Mars, state liaison, and Radloff, public relations.

The Northwest Iowa chapter, based in Le Mars, the 150-strong group has members from Iowa, South Nathan Todd Dakota and Nebraska.

Kalaher Moss The group meets at 1 p.m. the third Sunday of each Todd Moss, president month at the American Leand CEO of Cannon Moss gion Wasmer Post 241 in Le Brygger Architects, is the Mars.

AIA president, and Nathan Kalaher, principal at PlaN Western Iowa Tech Architecture, is second vice honors employees president.

Western Iowa Tech ComAmerican Legion munity College presented years of service awards riders elect officers its Jan. 12 at the college’s spring The Northwest Iowa semester opening ceremoAmerican Legion Riders ny. Those recognized were: recently elected officers for Five years: Anthony the 2012 year.

Bell, Kendra Bergenske, Larry Salmon of Sioux Kristy Bowman, ChristiCity remains the chapter’s na Brandon, Carolyn Ellpresident. Other elected of- wanger, Curt Fiechtner, fices include: Al Willett of Michelle Fiechtner, KevAlton, Iowa, vice president; in Herrmann, Ron Hill, Kathy Salmon of Sioux Bea Houston, Katy KarCity, secretary; Barb Han- rer, Mitzi Kirwan, Carosen of Le Mars, treasurer; line Kurtenbach, Donna Judy Kellen of Sioux City, Larson, Martin Reimer, sergeant at arms; Lorne Lu Anne Ruba, Yvette Morey of Akron, Iowa, Sitzmann, Darla Struck, road captain; Christopher Matt Thomsen and Vicki Radloff of Akron, histori- Weldon. an; Jean Fay of Sioux City, 10 years: LeAnn Blanchaplain; and Brian Hall of kenburg, Kevin Brady, Elk Point, S.D., membership Steve Howland, Lisa Knecht, Lori Knight, coordinator.

A p p o i n te d o f f i c e r s Penny Lewis, Carman

Lynner, Michael Oberg, Wendy Ohl, Belia Padilla, Shane Sampson and Alana Tweet 15 years: Lana Brown, Jon Cook, Deb DeRocher, Theresa Jackson, Jill Moravek, Julie Scott and Bob Wilcke; 20 years: Helen Lewis and Don Young; 25 years: Dave Burroughs, Scott Griffith and Jim Wiederspan, Derrick Franck was honored for 30 years of service on WITCC’s board of directors.

Briar Cliff presents service awards Briar Cliff University recognized 265 years of service at the college’s annual employee recognition luncheon, held recently on the Sioux City campus. Among the 22 employees who were recognized, six have 20 or more years of service to Briar Cliff. Honored for 30 years of service was Thomas Kleen, assistant professor of computer science.

Recognized for 25 years of service was Dr. Patricia Currans-Sheehan, professor of English and writing, editor of The Briar Cliff Review. Employees recognized for 20 years of service were Sister Shirley

Fineran, director of field education and assistant professor of social work; Carla Grey, tutorial coordinator and writing specialist for Student Support Services; Kathy Myres, administrative assistant for athletics; and Beth Westpfahl, academic counselor for Student Support Services and assistant professor of mathematics.

Honored for 15 years of service to Briar Cliff were Deidre Engel, registrar; and Mark Rossi, associate professor of business administration.

Receiving 10-year service awards were Rita Combs, administrative assistant for faculty; Brian Eben, assistant vice president for Enrollment Management; Jeffrey Jansen, assistant vice president for finance; Dr. Eric Juhnke, professor of history; Dr. Kathy Knipper, associate professor of education; and Beverly Wharton, president.

Recognized for five years of service were Tracy Barcus, associate director of campus and residence life; Dr. Linda Harrington, assistant professor of theology; Dr. Todd Knealing, associate professor of psychology and department

BUSINESS PEOPLE, PAGE 16

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Siouxland Business Journal, February 2012

15

Local business leaders, students meet with governor

BY MIKE WISER Business Journal staff writer

DES MOINES – They had to wait while he greeted the president of the United States more than 100 miles away, but a delegation of Siouxland business leaders and students finally got face time with Gov. Terry Branstad late Wednesday afternoon in Des Moines.

The two-part contingent consisted of about 20 representatives from the Siouxland Chamber of Commerce and 30 others, most of them Sioux City high school students clad in white T-shirts with red lettering, from the Mayor’s

Youth Commission.

Branstad had had to cancel an earlier appointment with the group so he could greet President Barack Obama in Cedar Rapids, Iowa.

“We of course respect and understand that as the chief executive of the state, that he was representing all of us in greeting the delegation at Cedar Rapids,” said Chris McGowan, president of the chamber and its economic development arm, The Siouxland Initiative, as he sat in a near-empty hallway at the Statehouse after the 30-minute meeting with Branstad.

“A l t h o u g h we we re

scheduled to leave about an hour ago, when they asked us if we were willing to wait, we very enthusiastically said yes,” McGowan said.

The group spent most of the day at the Statehouse meeting with Republican and Democratic legislative leaders, and members of the youth commission had a chance to get their photos taken on the House floor with their representatives.

For McGowan the trip was one of several he’ll likely make to the Capitol this year, but for some in the group it will be the only trip to Des Moines during the 2012 legislative session.

Submitted photo

Members of the Sioux City Mayor’s Youth Commission are shown at the Iowa Statehouse in Des Moines on Jan. 15. Reps. Chris Hall, D-Sioux City, Jeremy Taylor, R-Sioux City, and Ron Jorgenson, R-Sioux City, welcomed the students.

And even in this day of Skype, Twitter and instant text messaging, there’s value to meeting in person.

“Recognizing that our government right now is

somewhat bifurcated and any legislation requires support in the House, it requires support in the Senate and it requires support from the governor, so

we wanted to take the occasion that we had quality face-to-face time ... and we were able to do

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Siouxland Business Journal, February 2012

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www.siouxlandbusinessjournal.com

RibbonCuttings

Siouxland Business Journal, February 2012

J17

photos courtesy of the Siouxland Chamber of Commerce

GEOSPHERE DESIGN STUDIO Brian Nickum, owner of Geosphere Design Studio, is joined by the Siouxland Chamber of Commerce and guests to celebrate Geosphereâ&#x20AC;&#x2122;s 10-year anniversary. The business focuses on custom website design, with over 70 sites and counting, and print design projects. Nickum gave special thanks to his parents, Larry and Janet Nickum, and his girlfriend, Beth Themm, for their continued support over the years.

H&R Block celebrated its recent move to 2121 Hamilton Blvd. with a ribbon-cutting ceremony led by the Siouxland Chamber Ambassadors.

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SIOUX CITY GROWTH ORGANIZATION - INNOVATION MARKET Sioux City Growth Organization held a press conference on Jan 11 announcing its 2012 Innovation Market on Feb 7. The market was part of a weeklong Entrepalooza effort to encourage local entrepreneurs. The event, held at the Plymouth Block Building, was also a great opportunity to brainstorm about ideas for Siouxland.

THE DOGWOOD PET HOTEL & DAY SPA 1200 NORTH SHORE DRIVE, MCCOOK LAKE The Dogwood Pet Hotel and Day Spa celebrated its grand opening with a ribbon cutting and open house, Jan. 27-28. Located in McCook Lake, S.D., Dogwood provides a variety of upscale services for Siouxland pets, including boarding, daycare, training, grooming, pick up and delivery, and boutique. Pictured from left to right is Dogwoodâ&#x20AC;&#x2122;s manager, Steph Anderson; owners, Joe Richter and Sue Griffith; Chamber Ambassador Sue Wilcox; and owner Jane Keane.

Present but not pictured are owner Ed Keane, and assistant manager, Dena Menendez.

Commercial, Industrial Refrigeration

H&R BLOCK 2121 HAMILTON BLVD.

AC&R SPECIALISTS Siouxlandâ&#x20AC;&#x2122;s Refrigeration Experts REFRIGERATION EQUIPMENT, PARTS, INSTALLATION, SERVICE 24 Hour Emergency Service

(712)255-8722

425 Perry Street, Sioux City, IA www.sudak.net

Email: acr@sudak.net

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Siouxland Business Journal, February 2012

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Delegation: Unique representation FROM PAGE 15 that,” McGowan said.

Rep. Chris Hall, D-Sioux City, met with the group said trips like the one Wednesday are “extremely important and worthwhile.”

The Legislature is poised this year to act on property tax relief, education reform and change to the state Tax Increment Financing law.

Any of those could have serious implications for cities, business owners and students all across the state.

McGowan said the purpose of the trip wasn’t so much to ask for help but to inform lawmakers about the reality of living and working along the state’s western border.

“We come from a unique perspective in western Iowa

because we are directly adjacent to South Dakota and Nebraska,” he said. “South Dakota and Nebraska represent different competitive challenges to Iowa, and we want to make sure that our legislative delegation and the legislative leadership understands what’s unique about the Sioux City metro area.”

ChamberNews We Care For the Employees You Care For

New Chamber Investors

St. Luke’s Mobile Testing Unit

DISMAS CHARITIES SIOUX CITY

Trust St. Luke’s for Quality Care in:

FAITH GOOD 420 Chambers St. Sioux City, IA 51102 (712) 252-6000 http://dismascharities.org Non-Profit Organizations

Sioux City, IA 51101 (712) 224-3900 www.scbandits.com Sporting Events

SIOUXLAND ENTERPRISES KENT FROHOCK PO Box 57007 Des Moines, IA 50317 (712) 258-4984 www.kentskrossing. com Convenience Stores

)

On-Site Testing Programs

)

Audiograms

)

Pulmonary Function Testing

)

Quantitative Respirator Fittings

Chamber Anniversaries

)

Qualitative Respirator Fittings

)

Drug/Alcohol Collection Services

The following businesses and organizations this month are celebrating anniversaries of five or more years as Siouxland Chamber of Commerce investors.

For more information call Mike Schmidt 712-490-3352.

SIOUX CITY BANDITS ROBERT E SCOTT 916 Grandview Blvd.

5 YEARS STARS – SPECIAL TROOPERS ADAPTIVE RIDING SCHOOL STACY PEDERSEN 33148 K22 Sioux City, IA 51108

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10 YEARS GOONEYBIRD PRODUCTIONS PO Box 5104 Sioux City, IA 51102

DOCUMENT DEPOT & DESTRUCTION INC

SUN TAN CITY PAT CHEDESTER 2004 Campbell Sioux Falls, SD 57106 (712) 274-9360 www.suntancity.com Tanning

THE CREATIVE START BRAYAN SAMAYOA 2402 South Patterson St. Sioux City, IA 51106 (712) 574-1693

HABERL TILE AND STONE SCOTT HABERL 718 Sunnybrooke Moville, IA 51039

WOODS, FULLER, SHULTZ & SMITH P.C. LYNNDA SCHOEN P.O. Box 5027 Sioux Falls, SD 57107 (605) 336-3890 www.woodsfuller.com Attorneys

20 YEARS DANIEL L KALER DDS

40 Sioux City, IA 51106

DANIEL KALER 4224 Sergeant Road Sioux City, IA 51106

KOLLMAN APPLIANCE INC/SLEEP SOURCE

25 YEARS HOUSE OF KITCHENS DOUG LACEY 1153 Tri-View Ave Ste B LTD Sioux City, IA 51103

www.thecreativestart. com Web Design

MARK SHOOK 308 S Floyd Blvd Sioux City, IA 51101

KNOVAS CARPETS SHAWN KNOX 2500 Glenn Ave Ste.

JOHN KOLLMAN 409 W. 7th St. Sioux City, IA 51103

30 YEARS DR. DONA W PRINCE DDS PC DONA PRINCE 4220 Sergeant Road, Ste. 100 Sioux City, IA 51106

www.siouxlandbusinessjournal.com

Siouxland Business Journal, February 2012

We’re all business

Ron Kiel, VP Commercial Services Garry Smith and Carlton Smith, American Pop Corn Company

When it comes to helping local businesses grow and prosper, Security National Bank is “all business”. Whether it’s helping a successful local business like American Pop Corn Company or helping new ones get started, SNB has the financial strength and expertise to help local businesses prosper. q $PNNFSDJBM %FQPTJU 4FSWJDFT q $PNNFSDJBM -FOEJOH 4FSWJDFT q .FSDIBOU $SFEJU $BSE 1SPHSBN q $BTI .BOBHFNFOU 4FSWJDFT q #VTJOFTT *OUFSOFU #BOLJOH Security National has money to lend and the willingness to get things done. Give us a call. We think you’ll agree…

SIOUX CITY AND AKRON, IOWA

snbonline.com

MEMBER FDIC

277-6500

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11

NEW

MBA, CCIM

President

Congratulations to The Dogwood Pet Hotel and Day Spa on its new location next to Dakota Valley High School. This transaction was brokered by Chris Bogenrief.

330 Dakota Dunes Blvd, Ste 100

1200 Northshore Dr, NSC

Vice President

NEW

NEW

5740 Sunnybrook Drive

330 Dakota Dunes Blvd, Ste 300

BEST CORNER IN DUNES! 7,000 sf wing next to Mercy Breast Care Center at Dunes’ front door. All residential & medical park traffic must pass this corner! Can be demised to 1,058 sf.

NEW

NEW

1605-09 Douglas Street $99K for former chiropractic clinic w/22 parking spaces.

Large reception area, X-ray, 3 open rooms, 9 private offices & break room. Full basement w/ walkout.

NEW

CCIM

Colonel Krage

712-251-1451

1,100 sf retail/office space now available at Shoppes at Sunnybrook II. Great lease rate of $10/sf triple net. Over 19,000 vehicles drive by per day.

NEW

Tune into KSCJ 1360 Talk Radio Saturday mornings from 8:10 to 8:30 a.m. to hear interviews with the “movers & shakers” of Siouxland or go to www.kscj.com for streaming live broadcast.

BEST CORNER IN DUNES! 1,866 sf space between Mercy Breast Care Center & Meridian.

Located at the Dunes’ front door facing Sioux Point Rd. All residential & medical park traffic must pass this corner!

NEW

2601 Douglas Street

345 W Steamboat, DD

10,000 sf 2-story attractive building on the Northside by St. Luke’s Medical Center w/ plenty of off-street parking all in a great setting. Priced to sell at only $195,950.

2,005 sf office in Family Health Care bldg. in heart of Medical & Professional Campus. Can be demised to 899 or 1,106 sf. Finished space with one private office.

416 Jackson Street 6,500 sf restaurant for lease located at 416 Jackson St. in downtown Sioux City. Includes bar area, FF & kitchen equipment.

110 E 39th St, SSC, NE 5,400 sf attractive brick one-story former Boys & Girls Home residence.

12 client rooms, meeting rooms, office & full kitchen.

Large lot & parking. Just off I-129 & Dakota Ave.

REDUCED

4301 Sergeant Road

1915 Floyd Blvd

Location! Location! Location! Prime investment office property across from So. Hills Mall & 3 blocks from Lakeport Commons. 25,600 sf brick 2-story, handicap accessible & quality tenants.

Contractor’s shop (5,940 sf) + office (2,880 sf) or whse space w/office. 2.8 acre fenced land incl shop & prkg. Custom office on upper level w/ view.

302 JONES, SUITE 100, SIOUX CITY