Business Lexington July 2013

WORKING ACROSS THE GLOBE

BIG ASS FANS LOOKS TO SELL ANOTHER 100,000 UNITS WITHIN TWO YEARS

LEXMARK EXECUTIVES OFFER ADVICE ON TRANSITIONING TO NEW JOB ASSIGNMENTS OVERSEAS

INSIDE BookReview Rethink generosity with these philanthropic reads

PAGE 10

PAGE 16

PAGE 9

SMILEY PETE

PUBLISHING

BusinessLexington JULY 2013 VOL. 9 ISSUE 12

www.businesslexington.com

HOUSING MARKET PICKS UP STEAM PAGE 11

FacetoFace MMLK’s Frazier sees volunteer service as worthwhile investment PAGE 12

Independent Business These business owners get the value of giving back PAGE 13

EQUINE INDUSTRY NEXT GENERATION: NICK NICHOLSON, JR. PAGE 11

BizList Law firms ranked by number of lawyers in Lexington PAGE 19

IMMIGRATION REFORM PAGE 20

NEW CORPORATE CENTER PLANNED FOR COLDSTREAM PAGE 21

Room for collaboration Bingham McCutchen’s global services center features space that encourages employees to work together PAGE 14

We proudly support

Central Kentucky ´6OHHS 2XWÀ WWHUV KDV EHHQ SURXG WR EH DQ LQWHJUDO SDUW RI WKH &HQWUDO .HQWXFN\ FRPPXQLW\ HYHU VLQFH ZH RSHQHG RXU À UVW VWRUH LQ /H[LQJWRQ RYHU WHQ \HDUV DJR 6LQFH WKHQ ZH·YH JURZQ WR RYHU ORFDWLRQV LQ FHQWUDO .HQWXFN\ DQG PRUH WKDQ ORFDWLRQV VWDWH ZLGH :H FRXOGQ·W KDYH GRQH LW ZLWKRXW \RXU VXSSRUW :H·YH DOVR EHOLHYH LQ SD\LQJ LW IRUZDUG $QG LW·V EHHQ RXU SULYLOHJH WR VXSSRUW PDQ\ FKDULWDEOH RUJDQL]DWLRQV WKURXJKRXW WKH \HDUV µ

- Owner & UK Grad

Charitable Partners

/H[LQJWRQ 3XEOLF +HDOWK &HQWHU Â&#x2021; 7KH /LYLQJ $UWV 6FLHQFH &HQWHU Â&#x2021; <0&$ RI &HQWUDO .HQWXFN\ 8QLYHUVLW\ RI .HQWXFN\ Â&#x2021; 6XVDQ * .RPHQ /H[LQJWRQ Â&#x2021; 8QLWHG :D\ RI WKH %OXHJUDVV Â&#x2021; *RG·V 3DQWU\ $PHULFDQ &DQFHU 6RFLHW\ Â&#x2021; 8. &KLOGUHQ·V +RVSLWDO Â&#x2021; /H[LQJWRQ /HJHQGV Â&#x2021; +RVSLFH RI WKH %OXHJUDVV .(7 Â&#x2021; .HHQHODQG Â&#x2021; /H[LQJWRQ +XPDQH 6RFLHW\ Â&#x2021; 7KH $UW 0XVHXP DW WKH 8QLYHUVLW\ RI .HQWXFN\ /H[LQJWRQ +HDULQJ 6SHHFK &HQWHU Â&#x2021; /HDGHUVKLS /H[LQJWRQ Â&#x2021; $PHULFDQ +HDUW $VVRFLDWLRQ ,71 %OXHJUDVV Â&#x2021; .LZDQLV &OXE RI :LQFKHVWHU Â&#x2021; -XYHQLOH 'LDEHWHV 5HVHDUFK )RXQGDWLRQ *LUOV RQ WKH 5XQ &HQWUDO .HQWXFN\ Â&#x2021; -HDQV -HZHOV -XOHSV Â&#x2021; :RPHQ /HDGLQJ .HQWXFN\ 0RUHKHDG 6WDWH 8QLYHUVLW\ Â&#x2021; (DVWHUQ .HQWXFN\ 8QLYHUVLW\ Â&#x2021; &DUGLQDO +LOO +HDOWKFDUH 6\VWHP

sleepoutfitters.com

JULY 2013

WWW.BUSINESSLEXINGTON.COM

Business Lexington Chuck Creacy PUBLISHER

chuck@bizlex.com Chris Eddie PUBLISHER

chuck@bizlex.com Erik A. Carlson EDITOR-IN-CHIEF

erik@bizlex.com Susan Baniak FEATURES EDITOR

susan@bizlex.com Drew Purcell ART DIRECTOR

drew@bizlex.com Robbie Clark NEW MEDIA DIRECTOR

robbie@bizlex.com ACCOUNT EXECUTIVES

Amy Eddie amy@bizlex.com Linda Hinchcliffe linda@bizlex.com Steve O’Bryan steve@bizlex.com Ann Staton ann@bizlex.com EVENTS/SPONSORSHIPS

Robbie Morgan EVENT COORDINATOR

rmorgan@bizlex.com

434 Old Vine Street or P.O. Box 22731 Lexington, KY 40522-2731 Phone (859) 266-6537 Fax (859) 255-0672 www.smileypete.com

BestoftheWeb WHAT YOU MIGHT HAVE MISSED AT BIZLEX.COM

Economic Development Leaders Lobby Washington The Kentucky Association for Economic Development went to Washington to talk with Kentucky’s federal delegation about regional economic development and job creation issues.

Breaking | Transylvania University President Announces Plans to Resign After a faculty no confidence vote, Transylvania University President R. Owen Williams will step down after the 2013-2014 academic year, the chairman of the university’s Board of Trustees announced.

Pharmaceutical Company to Add 90 Jobs in Winchester Catalent Pharma Solutions LLC is expanding operations, adding 90 jobs and investing more than $35 million in its Winchester facility.

NetGain Acquires St. Louis IT Company Lexington-based NetGain Technologies is expanding into the St. Louis market with the acquisition of NCD Tech, a managed IT services provider and business technology consulting company. This was

NetGain’s fourth expansion in three years.

Commerce Lexington Launches Minority Business Accelerator Commerce Lexington has launched a new Minority Business Accelerator to aid in the process of connecting minority-owned businesses with larger companies.

Breaking | West Sixth Alters Logo as Lawsuit with Magic Hat is Settled Lexington-based West Sixth Brewing Co. has altered its logo, removing an eight-pointed compass star on the same day it was announced it had resolved a lawsuit filed against it for trademark infringement by the makers of Magic Hat beer.

Committee to Interview Possible Rupp/Convention Center Architects and Builders Mayor Jim Gray and members of a selection committee appointed by Lexington Center Corp. have announced they’ve received bids from architectural and construction management teams to redesign and rebuild Rupp Arena and the convention center. BL

3

People In This Issue Badurdeen, Fazleena Beshear, Gov. Steve Bracken, Sherri Carey, Smith Foresti, Ronaldo Frazier III, James H. Gray, Jim Groves, Byron Hamblin, Todd Hobbs, Doneen Hockensmith, Mike Holloway, Lawrence Hoven, Ardis Dee Isaac, Teresa Isaac, Al

7 6 14, 15 11 16, 17 12 3 11 17 14 13 7 6 12 13

7 18 18 7 6 7 6 21 13 21 14, 15 3 6 14, 15

Jawahir, I.S. Nicholson, Jr., Nick Nicholson, Sr., Nick Richardson, Kerri Ridley, Sen. Dorsey Rouch, Keith Stein, Sen. Kathy Stidham, Jeffery Stratton, Dawn Ward, George Whitley, L. Tracee Williams, R. Owen Zawacki, Thomas Zimmerman, Jay

Organizations In This Issue AllConnect 21 American Medical Assocaition 6 BCTC Foundation 13 Beaumont Centre Family YMCA 13 Big Ass Fans 11 Bingham McCutchen 14, 15, 21 Bluegrass Community and Technical College 21 Breeder's Cup 18 Catalent Pharma Solutions LLC 3 Coldstream 14, 15, 21 Commerce Lexington 3 Eastern State Hospital 21 Education and Workforce Development Cabinet 6 Georgetown/Scott County Chamber of Commerce 13 Hope Center 13 Immigration and Customs Enforcement 20 KDC 21 Keeneland Association 18 Kentucky Association for Economic Development 3 Kentucky Horse Racing Commission 18 Lexmark 16, 17

McBrayer, McGinnis, Leslie & Kirkland NAI Isaac Commercial Properties NetGain Technologies Parking Authority Room in the Inn Scott County United Southland Christian Church Sperry Van Ness Real Estate Advisors Stoll Keenon Ogden Stratton Eyes Tempur-Pedic The Jockey Club The Nest Toyota Transylvania University U.S. Customs and Border Protection UK HealthCare United Way of the Bluegrass University of Kentucky West Sixth Brewing Co. YMCA Metropolitan Board

12 13 3 12 13 13 13 21 18 13 21 18 13 6 3, 12, 21 20 21 13 7, 21 3 13

People and organizations included on the Who's Who and BizList pages do not appear in these indices.

Every step of the way.

Our key to a great home-buying experience? A great

banking relationship. Call John Reynolds today.

(859) 266-1120 | www.traditionalbank.com

Hometown Host gives Lexington tourism an assist Jared Prickett is known as a former University of Kentucky Wildcat and a member of the famed 90s basketball team “The Untouchables.”

Since then, Prickett joined KBA Sports, a statewide leader in providing exercise and fitness opportunities to youth and adults. Athletes from Lexington and across the United States have trained, competed and chased their dreams at KBA Sports since 2001.

The sport of basketball is obviously huge in Kentucky. How does KBA Sports hope to continue this legacy with its facility and event offerings?

More Americans play basketball than any other team sport, so we have increasingly expanded our event and program offerings to include more age groups and teams from outside Kentucky. A significant key to our growth in the past few years has been thinking outside the four walls of our facility to host the events. By using additional courts outside of our Ruccio Way headquarters, we have been able to greatly increase the number of teams we host and the events and programs we offer.

What other types of activities are offered at KBA Sports besides basketball?

We have organized and hosted volleyball programs and events for a number of years now. We installed baseball/softball training cages this past year. We are looking to expand into archery, wrestling, golf and other sports in the near future.

Jared Prickett CEO, KBA Sports, University of Kentucky Wildcat, 1992-1997

What types of activities do visitors do when they are in Lexington for tournaments, etc.?

Our headquarters is located close to Fayette Mall and most of our games are played at or near there. Many of the thousands of young athletes that attend our programs and events each week visit the nearby shopping venues and local restaurants, before, between and after games.

It is projected that in 2013-2014, three national basketball tournaments held at KBA* will contribute more than $2 million to the local economy through tourism activities, hotel stays and entertainment. *Amateur Athletic Union (AAU) 4th Grade Boys Basketball Championships, National Basketball Exposure 2014 Run for the Roses Tournament, Police Athletic League (PAL) National Basketball Tournament.

Hometown Host Jared shares his passion for both his profession and Lexington by partnering with the Lexington Convention and Visitors Bureau to help bring visitors to our wonderful city.

Mr. Prickett, we thank you and Lexington thanks you!

For more information on how you can support Lexington as a Hometown Host, please call Group Sales at (859) 244-7712.

Your nonprofit helps others. Now we’d like to help you.

Earn up to $50,000 per facility for energy upgrades. When you make energy improvements to areas like lighting and air conditioning, we’ll help you offset the costs up to $50,000 per year per facility. Imagine how much good your nonprofit can do with that. If you’d like to reduce costs and energy use, and earn a reward for it, apply for our Commercial Rebates today at lge-ku.com/rebate.

JULY 2013

WWW.BUSINESSLEXINGTON.COM

EconomicAnalysis A monthly look at economic indicators complied by the Center for Business and Economic Research (CBER) at the University of Kentucky. For more on CBER, visit www.cber.uky.edu.

Payroll employment MSA Manufacturing payroll employment MSA Unemployment Rate MSA

Most Recent Data as of June

1 mo. chg.

1 yr. chg.

262,000 Apr. (p) 29,100 Apr. (p) 6.0% Apr. (p)

1.6% 0.0% -0.8

3.1% 1.0% -0.1

Payroll employment US Manufacturing payroll employment US Unemployment Rate US

135,637,000.00 May (p) 11,967,000.00 May (p) 7.6% May

0.13% -0.07% 0.1

1.58% 0.34% -0.6

Consumer Price Index, Southern Region Consumer Price Index, US Producer Price Index, US

226.20 Apr. 232.53 Apr. 194.90 Apr. (p)

-0.19% -0.10% -0.66%

0.86% 1.06% 0.67%

Index of Leading Indicators** Fed’s Index of Industrial Production**

95.0 Apr. (p) 98.7 Apr. (p)

0.6% -0.5%

N/A 1.9%

3-month treasury yield*** 10-year treasury yield***

0.04% May 1.93% May

-0.02 0.17

-0.05 0.13

1st qtr. 2013

1 qtr. chg.

1 yr. chg.

13,746.20

0.59%

1.78%

Real GDP (billion $)

5

PVAStatistics Residential Sales

Commercial Building Permits

(single family, duplex, condo/townhome)

April 2013: 40 May 2013: 39 May 2012: 44 2013 Through May: 182 2012 Through May: 171

April 2013: 399 May 2013: 476 May 2012: 446 2013 Through May: 1660 2012 Through May: 1453

Residential Foreclosures

Median Single Family Residential Sale Price

April 2013: 42 May 2013: 38 May 2012: 75 2013 Through May: 247 2012 Through May: 333

April 2013: $167,000 May 2013: $165,000 May 2012: $165,000

Residential Building Permits April 2013: 153 May 2013: 185 May 2012: 185 2013 Through May: 634 2012 Through May: 747

MSA: Lexington-Fayette Metropolitan Statistical Area (p): Preliminary * Source: http://www.conference-board.org ** Source: Federal Reserve Statistical Release - http://www.federalreserve.gov/releases/G17/ *** Source: Federal Reserve Statistical Release - http://www.federalreserve.gov/Releases/H15/data.htm Note: In some cases 1 mo. and 1 yr. changes are based on revised data from previous mo./yr.

For more, visit www.fayettepva.com

THREE S IT K CHEN ED IN FEATURC HENS IT 2013 K THE OF ASS L B UEGRR U TO

Shale Gas Plays?

WE’VE GOT YOU COVERED

Fall in LOVE with your home all over again.

h4HEY HAVE an exceptional UNDERSTANDING OF THE ENERGY INDUSTRY AND how it operates.”

— Reported in Chambers USA

s th largest energy law practice in the country

VAST SELECTION OF GRANITE AND STONE

TILE • GRANITE • STONE

2601 REGENCY RD., #102 LEXINGTON, KY 40503 859.277.1394 M-F 10AM-5PM, SAT 10AM-2PM OR BY APPOINTMENT

COMPETITIVE PRICING

— Energy Law 360

SPECIAL OFFER

QUALITY WORKMANSHIP AND INSTALLATION TILE FOR EVERY STYLE & PURPOSE

%.%2'9 ,)4)'!4)/. %-0,/9-%.4 !.$ 42!.3!#4)/.!, ,!79%23x 7% 2% ./4 *534 !./4(%2 "/54)15%

THE $1999 GRANITE KITCHEN

s -ULTI BILLION DOLLAR OIL AND GAS TRANSACTIONS s 'OVERNMENTAL AFFAIRS SUPPORT TO NATIONAL ENERGY DEVELOPERS s /NE OF THE LARGEST MINERAL TITLE GROUPS in the nation

See us for more details! www.sucasatilegranite.com/ products/promo/

s .ATIONALLY RECOGNIZED IN /IL 'AS ,AW — Best Lawyers in America

COLORADO

HOME BUILDERS

ASSOCIATION OF LEXINGTON

KENTUCKY

OHIO

PENNSYLVANIA

TEXAS

WEST VIRGINIA

WWW.STEPTOE-JOHNSON.COM SHARON O. FLANERY Energy Team Leader THIS IS AN ADVERTISEMENT

6

JULY 2013

WWW.BUSINESSLEXINGTON.COM

Health Care

Lexington doctor inaugurated as president of American Medical Association

complexities of the health care reform debate in an interview with Business Lexington in 2009, had previously served as president of the Kentucky Medical Association from 1993-94, according to a release from the AMA. Her term as president of the AMA will last one year.

BY STAFF

Ardis Dee Hoven, M.D., an internal medicine and infectious disease specialist in Lexington, has been sworn in as the 168th president of the American Medical Association (AMA), the nation’s largest physician organization.

A graduate of the University of Kentucky for both undergrad and medical school, Hoven has been a part of the AMA leadHOVEN ership since joining its board of trustees in 2005.

She was elected incoming president at the AMA annual meeting last June after serving as secretary in 2008-09 and chair in 2010-11.

Education

Former Toyota executive named Education and Workforce secretary

BY KENTUCKY PRESS NEWS SERVICE

Gov. Steve Beshear named Thomas Zawacki of Georgetown as the new secretary of the Education and Workforce Development Cabinet.

Hoven has served at the University of Kentucky’s Bluegrass Care Clinic, which treats infectious diseases including HIV/AIDS.

Zawacki spent more than 33 years in the auto industry, including stints at Nissan and Ford before joining Toyota. He was one of the original members of the team that started Toyota’s Georgetown plant in 1987. He retired as general manager of General Affairs for Toyota Motor Engineering and Manufacturing America in 2009.

Hoven, who gave her views on the

“Tom has a deep understanding of

the skills employers need to build successful businesses, and he brings both public and private sector experience to the table to help us ZAWACKI meet those needs,” Beshear said in a statement. “We must be responsive to the needs of a changing and growing economy, and I’m confident that Tom will be an essential part of guiding our strategy.”

The Kentucky Education and Workforce Development Cabinet is the bridge between the world of education and the world of work. It coordinates pre-kindergarten through graduate school level learning programs and manages and supports training and employment functions in the Department of Workforce Investment. The cabinet employs nearly 3,000 full and part-time workers with an annual budget of $2.5 billion, according to a state news release.

Zawacki is a past chair of the Kentucky Community and Technical College System (KCTCS) Foundation, Inc.; the KCTCS Board of Regents; the Kentucky Chamber of Commerce; Georgetown Community Hospital; and the Lexington-Fayette

Urban League. Zawacki also served on the Kentucky Workforce Investment Board from 2009 to 2013.

Since 2009, Zawacki has served as commissioner of the Department of Vehicle Regulation in the Kentucky Transportation Cabinet.

Zawacki replaces outgoing Secretary Joe Meyer, who announced his retirement in June.

Government

Special session of state legislature to tackle redistricting

BY STAFF

Gov. Steve Beshear has called a special session to begin in midAugust for the Kentucky General Assembly to consider legislative and judicial voting districts.

Legislative redistricting is required every decade in accordance with findings from the U.S. Census to ensure Kentuckians are equally represented by elected officials. A redistricting plan passed by the 2012 legislature was overturned a month later by the State Supreme Court citing issues with how the districts were divided. Under the

stricken plan, Lexington Democratic Senator Kathy Stein’s district would have been moved to an area along the Ohio River, and Lexington would have been represented by Henderson Democrat Dorsey Ridley until his term was up in 2014.

A release from the Governor’s office states leaders in both the House and Senate have indicated “a willingness to utilize the same census numbers for legislative and judicial redistricting as were used for Congressional redistricting in 2012. This will make all redistricting plans consistent and avoid having to address Congressional redistricting again.”

Despite the amount of time between June’s call for a special session and its slated-to-start date on Aug. 19, Beshear spokeswoman Kerri Richardson said there are no plans to add anything to the legislature’s agenda.

During a special session, the legislature is bound by the state constitution to only address issues explicit in the governor’s call. Beshear has stated in the past a desire to bring the legislature in to consider tax reform, but that was not part of the initial call.

However, governors do have the ability to amend calls for additional topics.

.

At Blue & Co., we’re not just bean counters, taxaholics, GAAP gurus...

Your business is serious, no matter what you call your CPA. As a top 100 accounting firm, with 55 individuals in our Lexington office, we have all the resources to put a smile on your face. Helping you puts a smile on ours.

Call us. Make us smile.

250 West Main Street

Suite 2900

Lexington, KY

ph 859.253.1100

blueandco.com

JULY 2013

WWW.BUSINESSLEXINGTON.COM

Manufacturing

University of Kentucky to host sustainable manufacturing forum

BY STAFF

The Institute for Sustainable Manufacturing at the University of Kentucky will host the Third International Forum on Sustainable Manufacturing on Friday, Aug. 9.

The forum will bring together nationally and internationally known experts in sustainable manufacturing from industry, academia and federal agencies to examine advances in sustainable manufacturing at the product, process, systems and supplychain levels.

“Sustainable development is no longer a choice but a necessity that must be followed at all levels,” said Fazleena Badurdeen, forum chair and associate professor in the UK College of Engineering. “Manufacturing being one of the major drivers of development, innovative sustainable manufacturing practices must be developed and implemented to make sure that economic growth is achieved while addressing environmental and social concerns.”

Speakers at the forum on sustainable manufacturing: • William P. Flanagan, leader of General Electric’s Ecoassessment Center of Excellence in Niskayuna, N.Y. • Nancy Parmer, sustainability manager for UPS Customer Solutions Group • Kanji Ueda, emeritus professor at Tokyo University and special advisor at the National Institute of Advanced Technology and Science, Japan, recipient of Society of Manufacturing Engineers Frederick W. Taylor Research Medal in 2013 • Jack Jesweit, professor of mechanical engineering at Queen’s University, Kingston, Ontario, Canada • I.S. Jawahir, James F. Hardymon Chair in Manufacturing Systems and director of the Institute for Sustainable Manufacturing, recipient of American Society of Mechanical Engi-

neers Milton C. Shaw Manufacturing Research Medal in 2013 • Scott Bolick, vice president for sustainability solutions at SAP. • Fazleena Badurdeen, forum chair and associate professor in the Department of Mechanical Engineering • Lawrence Holloway, chair of the Department of Electrical and Computer Engineering and director of the Power and Energy Institute Kentucky • Keith Rouch, professor in the Department of Mechanical Engineering • Jeffrey Seay, forum co-chair and assistant professor in the Department of Chemical and Materials Engineering • Dusan Sekulic, Secat J.G. Morris Aluminum Professor, Department of Mechanical Engineering.

Correction Due to a reporting error in an article about the restoration of the Faulkner House in the June 2013 edition, architect Katie Cassidy Sutherland was identified by the wrong last name. We regret the error. BL

GrammarGourmet Einstein: Eminent or Imminent?

By Neil Chethik As the Grammar Gourmet, is it my job to ensure — or insure — that you know the rules of English? If you’re a police officer, do you enforce — or inforce — the law of the land? And if you are a scholar, are you eminent or imminent?

After years of entertaining questions like these, I am still not inured to them. And I don’t mean enured (which isn’t a word).

The difference between starting certain words with an i or an e can mean the difference between saying what you mean, and saying the opposite of what you mean.

Or it can simply mean that you misspelled a word.

Let’s start with a common i vs. e mistake: using immigrant when you mean emigrant. The correct way is easy to remember. An imat the beginning of a word usually means in; an e- at the beginning often means out. So an immigrant comes into a country to live, while an emigrant goes out of a country to live somewhere else.

Immersion and emersion work similarly. Immersion means to dive into something; emersion means to come out from behind something. When a human body is baptized, it has an immersion experience; when a heavenly body emerges from an eclipse, it has an emersion experience.

You can see the connection between these pairs of words. So what’s up with imminent and eminent? They’re unrelated. The latter means distinguished or renowned; the former means impending or coming soon. “The film about Einstein, an eminent scientist, is imminent.”

Finally, let’s take on ensure/insure and enforce/inforce. You insure — purchase an insurance policy for — your house; you ensure — make certain that — no one burns it down. You call in the state police when you want to enforce the law. You call in the grammar police when someone uses inforce. That’s because inforce isn’t in the dictionary. BL Neil Chethik, aka the Grammar Gourmet, is executive director of the Carnegie Center for Literacy and Learning (www.carnegiecenterlex.org) and author of FatherLoss and VoiceMale. The Carnegie Center offers writing classes and seminars for businesses and individuals.

Contact Chethik at neil@carnegiecenterlex.org or (859) 254-4175.

MONEY MANAGER® BUSINESS ACCOUNT When you’re a Republic Bank small business customer, you’ll benefit from our unique Money Manager® business checking account features. You’ll receive this complete package of FREE banking services that will help you conserve your operating capital and enhance your bottom line.

Free online bill pay

Free business online banking

Free business debit card

Free first order of checks

Free ATM usage, everywhere*

Free small business stamp

859-225-5099 888-584-3600

*All ATM fees assessed are refunded to the account on the next business day.

7

JULY 2013

WWW.BUSINESSLEXINGTON.COM

BookReview

9

Paul Sanders Paul has been reviewing businessrelated books for BizLex since 2006.

Rethink generosity with these philanthropic reads

By Paul Sanders COLUMNIST: BUSINESS BOOK REVIEWS

A

mericans are often noted for being amazingly generous.

While the stress of our modern world continually increases, with more and more demands on our time, energy and money, we still find the will to give to others.

In 2009, during the depths of the current economic recession and a time of hardship for many, the annual individual giving in the United States averaged almost $2,000 per household.

Educational and cultural needs, responses to natural disasters such as the recent tornadoes in Oklahoma and Hurricane Sandy, and many other causes all call on our philanthropic responses to help others and to make the world a better place.

Complex problems call for increasingly complex solutions. It stands to reason that the more we can learn about giving, the more effective our giving can be.

Here are three resources to help provide knowledge and strategies for your own philanthropic interests.

Giving 2.0: Transform Your Giving and Our World

By Laura Arrillaga-Andreessen

Laura Arrillaga-Andreessen defines philanthropy as the act of giving not only money, but experience, skills and even social networking in order to create a better world.

Indeed, the Greek word “philanthropus,” from which it is derived, translates as “love of humankind,” without any reference to money. True philanthropy, the author suggests, is any act resulting from a generosity of mind and spirit.

With this premise, Giving 2.0 is a departure from more traditional thinking that considers philanthropy simply giving money to worthwhile causes. Today’s complex problems call for new thinking about giving, the author tells us. Philanthropy should include many aspects of giving, including volunteering.

Volunteering is not only philanthropy for others, but has benefits for the volunteer. According to a 2010 study, people who volunteered rated their physical and emotional health higher

than non-volunteers. More than 65 percent reported that volunteering made them healthier.

No matter the type or amount of philanthropy, the author encourages us to think carefully and strategically. The book provides numerous examples, websites, references and lists of practical questions for philanthropists and receiving organizations. With so many needs to be addressed and supported, these questions are particularly helpful in organizing a proactive strategy for giving.

Nonprofit and charitable organizations are a multibillion-dollar part of the U.S. economy, yet many donors are unaware of the results (or lack thereof ) that their funding actually provides. This book provides insightful ideas on learning the importance of well-designed giving.

Money Well Spent: A Strategic Plan for Smart Philanthropy

By Paul Brest and Hal Harvey

Give Smart: Philanthropy that Gets Results

By Thomas J. Tierney and Joel L. Fleishman

How do you know your philanthropy is making a real difference? This central challenge is addressed head-on in Give Smart. Most importantly, the authors provide practical advice for asking crucial questions when deciding on giving.

“We believe that all philanthropy is deeply personal and highly circumstantial,” the authors write. “There are no simple steps, fancy frameworks or trusted tools upon which you can always rely. Ask the right questions and you will be more likely to bring about the change you want to see in the world.”

“You will also have a lot more fun and live a richer and more meaningful life,” they add.

Calling philanthropy “the awesome responsibility of giving money away,” the authors suggest that generosity alone is rarely sufficient if you aspire to leave a legacy.

Donors must face up to the “terrible truths” of philanthropy.

Among these is the reality that “philanthropy’s natural state is underperformance.” Only by asking the “right questions at the right time and in the right way” will you be able to create satisfactory results.

The authors respond to this challenge by offering guidelines on how to create and implement a plan as well as how to follow through to make certain it achieves the desired end result. Particularly of interest is the questioning process that provides insight into how to measure the success of philanthropy.

Most business leaders would tell you that having a strategic plan for your business is vital for success. According to Money Well Spent, this is equally true for philanthropy.

“All outstanding philanthropic successes have one thing in common,” authors Paul Brest and Hal Harvey say. “They started with a smart strategic plan.”

Their award-winning book provides a framework for getting results that are measurable and accountable. The objectives for creating a philanthropic strategy include: • Defining specifics for success before the project begins; • Creating a plan that is realistic and based on available resources; • Requiring clarity about goals and determining timelines for achievement; • Setting pre-determined milestones where corrections can be made if needed; and • Being clear about the environment in which the plan will operate.

A strategy is all about the “nitty-gritty” work, the authors suggest. With examples from more than 100 foundations and nonprofits, readers are certain to find parallels with their own philanthropic work.

The focus of this book is general: it provides equally effective tools for donors as well as receiving organizations.

Without doubt, having a winning strategy can have a lasting influence on philanthropy. No matter the size of the donation or the strength of the organization, a good strategy can multiply its effect. BL

10

JULY 2013

WWW.BUSINESSLEXINGTON.COM

Big Ass Fans looks to sell another 100,000 units within two years

By Erik A. Carlson BUSINESS LEXINGTON

I

t took 14 years for Big Ass Fans founder and CEO Carey Smith to sell his 100,000th fan. Thanks to the popularity of his more recent and relatively petite product lines, he expects to hit the 200,000 mark within the next 18-24 months.

“It won’t take 14 years,” Smith said. “I can tell you that.”

When he started the company, Smith aimed his product for distribution centers without air conditioning, but it took time for the fans with a 24-foot diameter to catch on.

“That’s the thing about business,” Smith said.

“Sometimes people think it’s a good idea and it blows up, but it is never that way. It’s SMITH always slower than what you think it’ll be.”

In the early years, Smith said he tried to dissuade his salespeople from selling the fans to anyone but industrial users. Although the fans were not particularly loud, he thought the noise would be a distraction in venues such as churches or theaters. But Smith said the demand from commercial users persisted.

In response, Smith and his team looked to develop fans he felt were more suitable for non-industrial use.

In 2005, they began to work on a directdrive motor that uses magnets rather than traditional gears to spin the blades, a technology similar to that used on some modern roller coasters. By using electromagnets, the blades were able to spin with virtually no motor noise. That led to the introduction of the Element line in 2008.

“It wasn’t as popular as I thought it was going to be, because it was just huge,” Smith said. “We looked a little bit smaller, and we were able with the Isis to hit the market. That fan has been exceptionally popular.”

Between the interest in the Isis line, launched in 2009, and the residential Haiku line, launched in 2012, sales have boomed.

From 2009 to 2012, Big Ass Fans’ annual revenue has increased from $34 million to $87 million, and the number of employees has nearly tripled to 350.

The company is set to launch a new line that combines the direct-drive motor of the Element line with the size and style of the Isis. The company has also recently started to offer LED light kits for its Haiku fans and is in the final stages of developing them for each platform.

Smith said he hopes to eventually consolidate his production facilities off Leestown Road and Winchester Road into the company’s 30 acres of land on Innovation Drive.

In the meantime, the company is looking for additional space, Smith said, which it will need to match its first 14 years of production in the next two. BL

PHOTO FURNISHED

Production Associate Byron Groves performs a final test of a fan at Big Ass Fans’ manufacturing operations on Merchant Street in Lexington, Ky.

JULY 2013

WWW.BUSINESSLEXINGTON.COM

11

Housing market picks up steam Low interest rates have sparked buyer interest, but mortgage qualification may be tougher

By Dan Dickson CONTRIBUTING WRITER

T

he housing market is making a nice comeback in central Kentucky, according to most local real estate agents and mortgage lenders, but some believe it is still too hard to get a mortgage.

A Federal Reserve governor said as much this spring. While she expressed no desire to return to the early 2000s, when seemingly anyone with a pulse could get a mortgage, “I also don’t think it would be a good idea to go back to the quite restrictive credit conditions of the early 1980s,” Elizabeth Duke said, in a speech to mortgage bankers.

Lower credit scores that previously might have been considered acceptable now represent a red flag against a mortgage seeker’s perceived creditworthiness.

“Some people with damaged credit are seeing some problems getting into, or back into, the mortgage market. It’s getting pretty rigid,” said Dan Mason, chief lending officer at Traditional Bank in Lexington.

“That has been something that has prohibited some people from buying,” Mason continued.

Bill Potter, senior vice president for retail banking at Traditional Bank, feels other people are waiting, perhaps too long, for ideal conditions.

“For people who have been waiting on the sidelines for rates to drop, I think they should go ahead and start looking now,” he said. “The rates haven’t been this low in years, or in some cases, ever. Some customers have refinanced three times over the last three or four years. There are signs rates could be on the incline.”

While mortgage lending and refinancing is a huge business at the moment, qualifying is still a challenge. The Fed’s Duke said it was understandable for bankers to be wary of lower credit scores, but she added that the trend “has disturbing implications for potential new households” in the country, because younger borrowers usually have credit scores that are more than 50 points below older borrowers.

Meanwhile, people hoping to become first-time homebuyers or to move up to bigger, more expensive homes have some good news to consider.

“Everything is going in a good direction, from what we can tell from the statistics. Traffic and sales have increased, and inventory is declining a bit,” reported Al Blevins, president of the Lexington-Bluegrass Association of Realtors (LBAR).

Blevins said some sellers were hesitant to put their BLEVINS homes on the market, thinking prices would be too low, “but I think that’s changing a bit, both nationwide and in our area. Valuations are going up,” he said.

Comparing the first five months of 2013 to the same period last year, single-family home sales are up 23 percent and townhome sales are up 50 percent, according to LBAR statistics. In addition, from January through May in 2012, the average sales price of these residences was $152,192. During the same timeframe in 2013, the average sales price

rose to $164,309, an increase of 8 percent.

The average number of days on the market for people selling properties is also dropping significantly.

More good news: new home construction appears to be on the upswing.

“We’re starting to see more new singlefamily dwellings going up, which we really need, because of the (lowering) supply,” Blevins said.

Housing inventory, which is measured by dividing the number of current listings by the number of home sales in the previous month, was 4.4 months in May. (Theoretically, if the market stopped adding new listings, this rep-

resents how many months it would take to sell out the entire inventory.)

Brad Johnson, RE/MAX Creative Realty agent and broker, has seen home sales rise significantly in the past few months.

“We’re even seeing multiple offers on some properties. I saw a home recently sell for over the asking price,” Johnson said. “The market seems to be red-hot for buyers, but it’s been good for sellers too.”

Johnson also sees townhome sales climbing.

“Many potential buyers are out looking now because they’re concerned that interest

rates might rise. According to my website traffic, buyers are watching the market every day to see if new homes come on the market. A good home will sell quickly,” Johnson said.

Some bankers are seeing mortgage or refinance customers who are not able to buy as much home as they might have a few years ago. They may be fully employed, but their total income may be down at present.

“With rates so low, it has helped on the affordability scale,” Mason said. “Also, home prices fell hard in 2008-09, so you’ve had circumstances conspire to help other people to buy homes. For everyone, it’s a good time to buy.” BL

See the world in a new way.

Why settle for local when you can go global? The Cabinet for Economic Development, along with

shows, and even translating websites and marketing materials. Plus, our team of experts

its Kentucky Export Initiative partners, wants to help your company achieve its full potential in the international marketplace. That’s why we’re now accepting applications for grants made possible by the U.S. Small Business Administration’s State

will guide you every step of the way.

Exporting has already proven its value in helping Kentucky companies grow their capacity,

Trade and Export Promotion program.

Qualifying companies can use the STEP grant to assist with market research, identifying international customers, participating in trade

increase productivity and diversify their customer base. Kentucky exports surged to $22 billion in 2012, up more than 100 percent in a decade.

Let us help you become part of this success. Find out more about the STEP program under the “assistance” section at www.kyexports.com.

For more information visit ThinkKentucky.com or call 800-626-2930.

Facebook.com/ThinkKentucky

Twitter.com/ThinkKentucky

Cabinet for Economic Development

12

â&#x20AC;&#x153;

Our storesâ&#x20AC;&#x2122; philosophy is simple â&#x20AC;&#x201C; we sell what we like.

Our Ă&#x20AC;QaQFial philosophy is Must as simple â&#x20AC;&#x201C; we EaQk with people we like.

â&#x20AC;?

JULY 2013

WWW.BUSINESSLEXINGTON.COM

FaceToFace MMLKâ&#x20AC;&#x2122;s Frazier sees volunteer service as worthwhile investment

By Erik A. Carlson BUSINESS LEXINGTON

A

s managing member of McBrayer, McGinnis, Leslie & Kirkland (MMLK), James H. Frazier III knows his firm sets the bar high for its employees when it comes to community involvement. â&#x20AC;&#x153;It kind of started with [senior partner Terry] McBrayerâ&#x20AC;&#x2122;s vision 25 to 30 years ago when I first started. Everybody should be giving back to the community,â&#x20AC;? he said.

And Frazier walks the walk in that regard. Heâ&#x20AC;&#x2122;s currently chairman of the Lexington Parking Authority and serves on the board of his alma mater, Transylvania University. â&#x20AC;&#x153;We encourage [MMLK employees] to spend 200 hours a year doing community service,â&#x20AC;? he said. â&#x20AC;&#x153;Thatâ&#x20AC;&#x2122;s non-billable work, but itâ&#x20AC;&#x2122;s things that give back to the community, and itâ&#x20AC;&#x2122;s hopefully something that they want to do.â&#x20AC;?

Altruism and capitalism The effort, which amounts to an average of just under four hours per week of community service for each employee, is altruism with a side of capitalism, according to Frazier.

He has numerous examples to offer of friendships and business relationships that originated with contacts made through community service. â&#x20AC;&#x153;If a person likes a lawyer, theyâ&#x20AC;&#x2122;ll want to do business with you,â&#x20AC;? he said. â&#x20AC;&#x153;People donâ&#x20AC;&#x2122;t hire a firm, they hire an individual â&#x20AC;&#x201D; especially in todayâ&#x20AC;&#x2122;s market.â&#x20AC;?

More than filling a seat Frazier encourages MMLK associates and new members to make their community service choices based on passion rather than obligation. Employees are advised to pick a cause they are truly interested in and not something

they feel they should be involved with. â&#x20AC;&#x153;If you like what youâ&#x20AC;&#x2122;re doing, it wonâ&#x20AC;&#x2122;t be a drudgery,â&#x20AC;? Frazier said. â&#x20AC;&#x153;And if you like what youâ&#x20AC;&#x2122;re doing, the people youâ&#x20AC;&#x2122;re with will know that, because they sniff out those who are just filling a seat.â&#x20AC;?

Frazier himself has found a role he didnâ&#x20AC;&#x2122;t expect when his college and law-school classmate, then-mayor Teresa Isaac, asked him to be part of the newly formed Parking Authority Board.

Frazier had grown up parking cars in lots owned by his family around Cincinnatiâ&#x20AC;&#x2122;s Riverfront Stadium, and Isaac thought he might be a good person to help out the new cause, Frazier said. Heâ&#x20AC;&#x2122;s been on the board ever since and found it unexpectedly rewarding. â&#x20AC;&#x153;Weâ&#x20AC;&#x2122;ve changed the whole dynamic of parking ... and I really think itâ&#x20AC;&#x2122;s helped the community,â&#x20AC;? he said. â&#x20AC;&#x153;Cities are so cash strappedâ&#x20AC;Ś it really [relieved the city of ] a function that the government couldnâ&#x20AC;&#x2122;t do or really didnâ&#x20AC;&#x2122;t want to do. ... Itâ&#x20AC;&#x2122;s really been a nice marriage.â&#x20AC;?

Frazier hopes his work on the Parking Authority Board will serve as an example to others about doing more than just showing up for a meeting. â&#x20AC;&#x153;If you really want to know what an organizationâ&#x20AC;&#x2122;s about, you have to do more than just go to the monthly or quarterly board meeting. You have to get on the subcommittees and spend some time with it,â&#x20AC;? he said. â&#x20AC;&#x153;Thatâ&#x20AC;&#x2122;s where you get to meet the people.

Thatâ&#x20AC;&#x2122;s whatâ&#x20AC;&#x2122;s worked for me.â&#x20AC;?

Service days In addition to the 200 hours of service per year, Frazier adopted service days at the suggestion of Morgan Hall, MMLKâ&#x20AC;&#x2122;s marketing manager. Each employee can spend up to three workdays per year volunteering for the nonprofit of his or her choice. â&#x20AC;&#x153;To me itâ&#x20AC;&#x2122;s not billable hours Iâ&#x20AC;&#x2122;m losing,â&#x20AC;? he said. â&#x20AC;&#x153;Iâ&#x20AC;&#x2122;m investing in them â&#x20AC;&#x201D; in their personal growth, in their professional growth, in the law firmâ&#x20AC;&#x2122;s growth.â&#x20AC;?

The dividends come in the form of a stronger self-image and a greater sense of worth for both the firm and its employees, according to Frazier. â&#x20AC;&#x153;The sense of pride and the sense of accomplishment weaves you into the fabric of this place. You raise your profile within the community with individuals,â&#x20AC;? he said. â&#x20AC;&#x153;They know who you are. That means they know who the law firm is.â&#x20AC;? BL

James H. Frazier III Alison Meyer

7wo &hiFks aQG &ompaQy /e[iQJtoQ $lisoQ loYes how &eQtral %aQk is always williQJ to Jo aEoYe aQG EeyoQG with their ´hometowQÂľ Fustomer serYiFe. 6ee how your EusiQess FaQ EeQeĂ&#x20AC;t wheQ you thiQk loFal Jrow loFal aQG EaQk loFal with &eQtral %aQk. 7o see how we FaQ help your EusiQess Fall or .

centralbank.com

Member FDIC

300 West Vine Street

Age: 58 Title: managing member of McBrayer, McGinnis, Leslie & Kirkland for 18 years and Fayette County Master Commissioner In position: 18 Years Areas of practice: Real estate development Work history: Been at MMLK for 26 years, practiced on his own after law school before coming to MMLK Hometown: Bowling Green, Ky. Education: Transylvania University, class of 1976, and University of Kentucky College of Law, class of 1979

13

JULY 2013

WWW.BUSINESSLEXINGTON.COM

IndependentBusiness These business owners get the value of giving back

By Kathie Stamps COLUMNIST: INDEPENDENT BUSINESS

A

s 14-year-old Anne Frank wrote in a 1944 essay, â&#x20AC;&#x153;No one has ever become poor by giving.â&#x20AC;?

Altruism can take any number of forms, from random acts of kindness to lifelong devotions to a cause, with plenty of donations in between of time, money or professional services. Three central Kentucky small-business owners share their take on community involvement and volunteering.

Al Isaac

President, NAI Isaac Commercial Properties www.naiisaac.com Isaac serves on the YMCA Metropolitan board and chairs the board of managers at the Beaumont Centre Family YMCA. Financially, we support a wide variety of nonprofits in our community. In 2012, we contributed to [roughly] 30 different Lexington-based nonprofits, as well as six or seven national nonprofits.

The Y has a significant impact on the community in so many areas. Fitness is an area of which everyone is aware, but the Y also handles the backpack/school supply distribution, music lessons and martial arts instruction. The Y has classes on financial skills. The

Beaumont Centre Family Y is getting involved in addressing food needs in our community and exploring how the Y can help with hunger.

The Y has programs for cancer survivors and diabetes education/prevention. The Y also provides financial assistance for anyone that cannot afford membership.

A few years ago, I asked an HVAC contractor and a landscape company if they could review some issues for a Lexington-based nonprofit. Both companies were so impressed with the good work the nonprofit was ISAAC doing for a vulnerable segment of our community that they provided their services free of charge â&#x20AC;&#x201D; and may still be doing so. All the nonprofits need assistance and the business communityâ&#x20AC;&#x2122;s support. It is very rewarding to be involved with them.

Dawn Stratton

Doctor of Optometry, Stratton Eyes www.strattoneyes.com Stratton provides pro bono eye exams for children and adults in need.

When I retire, I want to be able to look back and say I had an impact on the community. We search out organizations that help people who need eye exams.

Kentucky | Indiana | Ohio | www.mcmcpa.com | 888.587.1719

In the last two years, we have donated more than $20,000 in services. The Nest in Nicholasville, Ky., sends us people who need help, as do the Hope Center and Room in the Inn, through Southland Christian Church.

Iâ&#x20AC;&#x2122;ve done a lot of medical mission trips to other countries, but I feel passionate about helping people right here in the community. Sight is a very important part of getting a job and being able to function.

We perform six to eight free exams per week. It impacts all of us that we are doing STRATTON something good for our community. Our goal is to put people before money; if you canâ&#x20AC;&#x2122;t pay, weâ&#x20AC;&#x2122;re still going to take care of you.

It took us a long time to get in with organizations that would refer people to us. There are a lot of groups out there looking for doctors to help, but thereâ&#x20AC;&#x2122;s a lot of turnover with the people in charge. Itâ&#x20AC;&#x2122;s interesting when you want to give away your services to help people, but there can be red tape involved.

Mike Hockensmith

President, the Hockensmith Agency www.hockensmithagency.com Hockensmith serves as chairman of the board for United Way of the Bluegrass and president of Scott

County United. He is also involved with the Georgetown/Scott County Chamber of Commerce and BCTC Foundation.

Volunteering is a very rewarding experience, and it is very important in making our community a better place for all of us to live. So many of our central Kentucky organizations require volunteers to keep their programs running.

Without the leadership provided by volunteers, many of these organizations would have to curtail the services HOCKENSMITH they provide to those in need.

Working with United Way has provided me with the opportunity to work with many different organizations and programs in central Kentucky and see firsthand the great services they provide. These organizations all make our community a better place to live.

I have met many people over the years whom I have eventually done business with or received business referrals from. Volunteering does take time away from oneâ&#x20AC;&#x2122;s business, but it is my opinion that the rewards far exceed the value of the time commitment. Get involved and get to know new people you have not been in contact with before. It is very rewarding to see our community become a better place for all of us to live. BL

IT HARDWARE, SOFTWARE AND SUPPORT "+.ĆŤ/) ((ĆŤ * ĆŤ)! %1)ÄĄ/%6! ĆŤ 1/%*!//!/

One of the regionâ&#x20AC;&#x2122;s biggest independent accounting firms.

Also, its most nimble.

Your business is bold, forward-thinking, ready to go.

But is your accounting ďŹ rm? If youâ&#x20AC;&#x2122;re looking for a ďŹ rm with the intellectual resources, industry experience, commitment and passion to help you succeed, look no further than MCM. Letâ&#x20AC;&#x2122;s get something done. Visit mcmcpa.com or call 888.587.1719 to let us know how we can help.

ĆŤ ĆŤMIND

Ä&#x2018;ĆŤ +3ĆŤ)+*0$(5ĆŤ"!!ĆŤ /!

0$( " ĆŤ+*ĆŤ*1) !.ĆŤĆŤ

+"ĆŤ1/!./ Ä&#x2018;ĆŤ *0!.,.%/!ÄĄ ( //ĆŤ/!.2!.Ä&#x152;ĆŤin your officeÄ&#x152;ĆŤ3%0$ĆŤ 0$!ĆŤ( 0!/0ĆŤ/+"03 .!ĆŤĆŤ Ä&#x2018;ĆŤ +**! 0! ĆŤ0+ĆŤ0$!ĆŤ (+1

Ä&#x2018;ĆŤ ! %*#ĆŤ! #!ĆŤĂź.!3 ((ĆŤ !"!*/!ĆŤ * ĆŤ2%.1/ĆŤ ,.+0! 0%+* Ä&#x2018;ĆŤ +*0%*1+1/ĆŤ '1,/ĆŤ/+ĆŤĂź(!/ĆŤ/0 5ĆŤ/ "!Ä&#x152;ĆŤ/! 1.!ĆŤ * ĆŤ 2 %( (!

Ä Ä&#x20AC;Ä&#x20AC;Ĺ&#x152;ĆŤUPTIME

Ä&#x152;ĆŤANYWHERE

Ä&#x2018;ĆŤ .+ 0%2!ĆŤÄ&#x201A;Ä&#x2026;ÄĽÄ&#x2C6;ĆŤ,!."+.) * !ĆŤ * ĆŤ)+*%0+.%*#ĆŤ Ä&#x2018;ĆŤ */%0!ĆŤ 0 ĆŤ/0+. #!ÄĽ+Ăť/%0!ĆŤ '1,/ĆŤ )%0%# 0!ĆŤ%), 0ĆŤ+"ĆŤ/!.2% !ĆŤ+10 #!/ Ä&#x2018;ĆŤ +*!5ĆŤ 'ĆŤ#1 . *0!!*ĆŤ

Ä&#x2018;ĆŤ !//ĆŤ

0 ĆŤ * 0 ĆŤ!ÄĄ) %(ĆŤ *53$!.!ĆŤ0$!.!Ä&#x161;/ĆŤ %( $ 0$ Ä&#x161; %*0!.*!0 %(!ĆŤ/$ .%*#Ä&#x152;ĆŤ%*/0 *0ĆŤ)!// #%*#Ä&#x152;ĆŤ2% Ä&#x2018;ĆŤ %(! /$ .%*#Ä&#x152; %*/0 *0 )!// #%*#Ä&#x152; 2% !+ĆŤ !+ +*"!.!* %*#ĆŤ * +*"!. +* "!.!* !* %*# %*# * ĆŤ,.+"!//%+* (ĆŤ +(( +. 0%+*ĆŤ0++(/ ,.+"!/ ,.+ "!//%+ /%+* ( * ( +( +(( ( +. +. 0%+ 0%+* * 0++ 0++(/ (/

CPA S & ADVISORS S | EXCELLENCE LE RULES. S

FLEXcloud is the total package of equipment, software and support, and the remote access it offers is great. Best of all, I can build technology into my monthly budget rather than having to plan for a huge capital expenditure.

â&#x20AC;&#x153;

MOUNTJOY O CHILTON ME MEDLEY LLP

ĆŤRIGHT

â&#x20AC;&#x201C; Lee Carter, Executive Director at Equestrian Events, Inc.

Letâ&#x20AC;&#x2122;s talk 855-456-FLEX or info@SISFlexCloud.com, www.SISFlexCloud.com

*Restrictions apply

14

JULY 2013

JULY 2013

WWW.BUSINESSLEXINGTON.COM

WWW.BUSINESSLEXINGTON.COM

15

Room for collaboration Bingham McCutchen’s global services center features space that encourages employees to work together

By Erik A. Carlson BUSINESS LEXINGTON

B

ingham McCutchen’s Lexington-based global services center doesn’t look like a law firm. Jay Zimmerman, the firm’s chairman, takes pride in that observation, which holds true for many of the firm’s other offices around the world, in addition to the newly opened facility at Coldstream Research Campus. The days of rich mahogany shelves adorned with leather-bound books are gone for this firm, which boasts nearly $900 million in annual revenue with 1,000 attorneys and 900 staff members worldwide.

“As an organization, we’ve gotten away from that dark wood for a long time,” said Zimmerman of the Boston-based firm. “The nature of everything is change. [In the past] probably every lawyer had a secretary … The lawyers we bring in now

view working with a secretary or an assistant as an impediment to their production, not as an enhancement to their production.”

The new mentality built into the building’s design emphasizes the importance of employees working with each other more directly.

“We’ve got to focus more and more on collaboration,” Zimmerman said. “Historically, legal space was never built out to encourage collaboration. Everyone would tend to sit in [his or her] office.”

While the Global Service Center is loaded with technology and is dependent upon it, Zimmerman said technology is responsible for the death of the lone area of collaboration that existed in the old-style law office: the library.

“We’ve tried to replace that with things like cafeterias and gyms, but collaboration remains the key,” he said. “There is no substitute for people sitting around, talking, see-

Bingham McCutchen's Coldstream building has multi-use spaces.

A cafe setting — above — can be used for leisurely gatherings or large meetings with teleconference capability. The same is true of the conference area to the far left.

Bingham’s L. Tracee Whitley, COO; Doneen Hobbs, Senior Director, Global Services Center; and Sherri Bracken, CAO. PHOTO BY EMILY MOSELEY

PHOTOS BY EMILY MOSELEY

ing each other.”

Employees at the Lexington office sit at desks in open, bullpen-like areas, ringed by collaborative zones such as cafes and “huddle rooms.”

The company’s chief operating officer, L. Tracee Whitley, and the center’s director, Doneen Hobbs, include their own workspaces in this open office design.

“Everything about collabora-

tion is what we wanted to encourage here,” said Whitley, who relocated from the firm’s Boston headquarters. “Our ethos is also very much reflected in this space that we’ve designed, to have the senior people out in the benches.”

Employees are issued laptops that can be docked at any station in the office, including their regular desktops or the available gathering

rooms, ranging from huddle rooms to large-scale conference rooms.

The laptops can be connected to large flat-screen televisions for presentations or web conferences with the firm’s offices around the globe.

Acoustical issues have also been addressed in the four large open spaces on each floor. Sherri Bracken, the firm’s chief administrative officer, said “pink noise” is piped

into the areas to neutralize ambient sound. Similar to white noise, Bracken said pink noise has a constant sound, more similar to wind than white-noise static.

“It is less harsh to your ears,” she said. “We have it throughout the entire space, and it can be adjusted by area, depending on decibels.”

Zimmerman said some aspects of the office’s design have been tai-

lored to its primary function as a services center.

“If we created an office for a large group of lawyers, it probably wouldn’t look quite like this,” he said.

Both Zimmerman and Bracken said lawyers couldn’t be expected to practice in open office environments due to confidentiality issues, for example, although the Lexington office also has areas where business

can be conducted more privately.

“Part of the training program people go through is confidentiality and our responsibility in that regard, and everyone is really sensitive to that,” Bracken said. “It isn’t so much of an issue here, but in some of the spaces you’ll see a film on the [glass] doors, so these rooms could be used for more confidential stuff than our other rooms might.”

The large conference rooms have one wall designed for acoustic buffering and another covered in writable white glass, situated so it cannot be viewed from the outside.

The building is also equipped with a wellness room for those who might need a few moments to catch their breath or recline, and a “mother room” where nursing mothers can express breast milk

during the workday.

Zimmerman appreciates that the new design focuses on the core, not only in terms of the center’s function but also its facility.

“Historically, your perimeter tended to be nice and airy, and your interior didn’t. It’d be dark and not fitted out as well,” he said. “This space is for everybody, which is our view across the board.” BL

ins

ME

eg NT b

n Ope

E

LL NRO

r

O

e b o t c

3

01 2 , 1

We’ve got great news for the health of your business

Quality Health Coverage. For Every Kentuckian.

As a small business owner you know that having healthier employees means having a healthier business. kynect, Kentucky’s Healthcare Connection, is here to make it easy and affordable for businesses with 50 or fewer employees to provide coverage. Your employees get the benefit of quality healthcare. You get the benefit of a more reliable workforce and may qualify for valuable tax credits. It’s a new day for small business. And the people who make it work.

Visit kynect.ky.gov to learn more.

16

JULY 2013

WWW.BUSINESSLEXINGTON.COM

Working across the globe Lexmark executives offer advice on transitioning to new job assignments overseas

By Pam Mangas CONTRIBUTING WRITER

I

t is no secret that, as one of the city’s more visible global manufacturers, Lexmark employs a significant amount of people in other countries. But what may come as a bit of a surprise is that, of the company’s 12,200 employees, just 4,000 are located in the United States, with the remaining based in Europe, Canada, Latin America, Asia Pacific, the Middle East and Africa.

The folks who hold international jobs with Lexmark are a mixed bag of professionals recruited from the respective country’s local labor pool and Americans who accept international assignments from within the company.

While this practice is common among global manufacturers, employees who take on international jobs are often presented with both great opportunities and great challenges.

Take Ronaldo Foresti, for example.

Foresti is vice president, Asia Pacific and Latin America, for Lexmark and currently works out of the company’s headquarters in Lexington. A native of Sao Paulo, Brazil, Foresti took his first U.S. assignment in 1979 with Digital Equipment Corporation (DEC), a leading American computer manufacturer at the time. Having been a single man with a thirst to experience life in the states, Foresti recalled what a shock it was for someone who hailed from an area that rarely dipped below 50 degrees to experience the first snowstorm of his life in the windy city of Boston.

It was his first day on the job, and Foresti woke to find the streets and cars of Boston buried in several feet of snow.

“I remember I didn’t even know what a scraper was — I never knew that thing existed,” said Foresti. “So, I had to use my fingers to clean the snow off the car. And I went to all of this trouble to drive to the office, which was 20 miles away. I arrive at the office and … there’s nobody there.”

Despite this first less-than-pleasant experience, Foresti found the people and the city of Boston to be quite welcoming and adapted well to his new life in the states.

“It’s interesting, because what I found out is that Americans really welcome other cultures,” Foresti said of his first impressions of the American way of life. “Everybody wanted to know what I was interested in, and they were inviting me to their houses. So I did form a very good circle of friends.”

Foresti fell in love with Boston, but when the opportunity to run DEC’s Latin American operations in Houston came along, he enthusiastically accepted the challenge. But DEC was eventually bought by Compaq, and Compaq was eventually bought by HP, and it wasn’t long before Lexmark was eyeing Foresti.

“Essentially, Lexmark recruited me from HP,” said Foresti. “I moved to Miami to manage the Latin American operations for Lexmark.”

Foresti joined Lexmark in 2003 but was promoted to his current position at Lexmark’s Lexington headquarters in 2005. He celebrates his 10-year anniversary with the company this year.

Having always lived in big cities, Foresti admitted he wasn’t quite sure what to expect moving to the relatively small town of Lexington. Once settled, however, he quickly grew to appreciate all that is Lexington — a town that offers most of the amenities of big-city life while maintaining a small-town feel.

“I had never really had the opportunity to live in a city where, essentially, you can go around the circle of the city in half an hour to 40 minutes,” Foresti said. “So, I think everything here is pretty easy.”

Foresti is impressed with Lexington’s “infrastructure,” particularly the city’s Wifi access, which he said is available from virtually anywhere in the city.

“My job is really 24 hours a day, so the nice thing about the U.S. is that, no matter where you are, you have the Internet, you have the television, you have the communications that you can have sort of a virtual office that provides a very good way of communicating around the world,” explained Foresti. “If I tried to do that in Brazil, or in China, or in

PHOTO BY EMILY MOSELEY

Ronaldo Foresti is vice president of Lexmark’s Asia Pacific and Latin America regions.

JULY 2013

WWW.BUSINESSLEXINGTON.COM

India, etc., it’s not the same quality. You don’t get the same basics that you get in a place like Lexington.”

As a single man, Foresti said there are fewer challenges adapting to a new country for him than for employees with families. Lexmark employee Todd Hamblin, who is married with three children, is currently undertaking his second international assignment as president of Lexmark Canada in Toronto.

Hamblin began his career with Lexmark in 1999 in worldwide marketing with the company’s consumer printer division. In 2002, Hamblin was approached with an opportunity to become Lexmark’s marketing director for the Europe, Middle East and Africa region.

And here comes the really good part: the position was based in Paris, France.

“I had traveled some, and I was really keen on doing this, but we had three small children at the time, and I wanted to make sure my wife was in on this with me,” Hamblin said.

The next thing he knew, Hamblin and his wife were on a plane headed to “the City of Light.”

“Lexmark was very wise,” Hamblin recalled. “They sent us over during the Christmas season, so it was absolutely gorgeous — lights and a festive atmosphere everywhere.”

The pair was encouraged to experience Paris [and a bit of its culinary offerings] before making the decision to move there.

“We had one of those just magical evenings,” Hamblin said. “After visiting beautiful apartments and seeing all that Paris had to offer, we were flying home and I was getting ready to get out my negotiating points with Lexmark, to make sure we were covered financially, and my wife stopped me and said, ‘No, no, no. There are no negotiating points.

We are going to Paris.”

Hamblin said it was this enthusiasm and buy-in from his wife and family that were critical to a successful transition to an assignment in another country, even if that country was as glorious as Paris, France.

“It’s a different language. It’s a completely different culture. You’re away from family and friends, and you’re creating a new life,” explained Hamblin. “And if you don’t have a lot of energy and enthusiasm at the start, then it can get really difficult.”

After his assignment expired in France, Hamblin spent a few years back at headquarters in Lexington but was eventually asked to take on his current assignment with Lexmark Canada. This time, the transition for himself and his family wasn’t quite the same.

“I think, this time, we underestimated the transition,” said Hamblin. “The schools are quite different, our children are older — we have two in high school. The transition probably wasn’t any more difficult than it was to France, but I think we just had a different approach, thinking that, in some ways, we were just moving to another city as opposed to another country. So we’ve made the transition now, but we had a few more bumps along the road during this first school year than we had anticipated. It’s more complex when the kids get older.”

Both Hamblin and Foresti have words of advice for anyone considering a position internationally.

“In any country, you have to believe in yourself and be flexible,” advised Foresti.

“Anybody coming to the U.S. has to have an open mind. You can’t duplicate here what you have in your country. I think the vice-versa is true also for any American going overseas —

PHOTO BY DREW PURCELL

Todd Hamblin is president of Lexmark Canada in Toronto.

you also have to have that open mind. I think what the U.S. offers is opportunities longerterm — opportunities to develop your career, to develop your life. “ Beyond having the buy-in from your spouse and family, Hamblin echoed Foresti’s sentiment of remaining flexible and openminded.

“You need to understand the type of employee you are in your ability to adapt and change,” explained Hamblin. “Are you someone who embraces change quickly and moves quickly in the change curve, or are you a little bit slower? Because even though I’ve taken

two assignments with Lexmark, in many ways it feels like a different company in Lexmark Europe, versus Lexmark U.S., versus Lexmark Canada.”

A flexible mindset is a valuable asset, Hamblin said, and being receptive to different approaches and ideas is essential.

“You need to stay very open,” Hamblin said. “The last thing anyone wants to hear in another country is, ‘Well, this is the way we do it in the States.’ So, if you have that thought process, you have to turn that off. You have to be willing to learn new ways to listen and sort of merge your experience with their experience.” BL

201 East Main Street, Suite 900 Lexington, Kentucky 40507 (859) 231-8780 | www.mmlk.com

THIS IS AN ADVERTISEMENT

when opposing sides collide, how well does your law firm hold up?

CELEBRATING

Business Law Government Access Healthcare Regulation Real Estate Litigation

50

17

YEARS OF LEADERSHIP IN LAW.

18

JULY 2013

WWW.BUSINESSLEXINGTON.COM

Equine Industry Next Generation:

Nick Nicholson, Jr.

By Natalie Voss CONTRIBUTING WRITER

N

ick Nicholson, Jr., is an associate in the Stoll Keenon Ogden law offices in Lexington. He received his J.D. from the University of Kentucky in 2007, following graduation from Wake Forest University. His specialties include criminal law, construction and eminent domain, real estate and equine proceedings. His father is Nick Nicholson, Sr., former president and CEO of the Keeneland Association.

What do you think the biggest challenges are that face the racing industry right now?

We have three or four “biggest challenge” questions, depending on which day of the week it is and which group you’re part of, I’d say. In a very overarching way, though, we have to be able to get on the same page in the industry before we can compete with the other industries, which essentially are trying to steal the spotlight away from our national audience.

That competition can be split among different actual sports but also different gambling alternatives; so on one end, we’re competing with the World Series of Poker, and we’re also competing with NASCAR. Those are two very different kinds of competition forms, but for their individual entities, they

are very united. Whether you’re dealing with different gambling websites or the France family that runs NASCAR, they are united.

And we, unfortunately, are a fractured industry. But I say that with caution, because I don’t think we’re nearly as divided as we view ourselves to be.

Our generation has been told all of our lives that the horse industry is divided NICHOLSON and we’ll never get on the same page, but if you stop and look at the opinions, whether it’s NYRA, Magna, Churchill Downs, or places like Del Mar and Keeneland, I think all of them are pretty much on the same page when it comes to the grand picture. It’s just the details that we are separated on. So our biggest problem is that we need to give off the appearance that we are completely united, and I think that’s possible to do.

What do you think is the best way to get people to at least appear to be on the same page?

Start with the topics on which we know we’re in agreement. We are all in agreement, for instance, that cheating is bad and is a major threat to us. The public will not stand for any appearance of cheating. And we have

the additional problem that it’s not the actual athletes themselves that are cheating, it is people who are in control of the athletes — unlike, most recently, Lance Armstrong.

Everyone in the industry agrees that cheating is bad and medication needs to be regulated, and once again, it gets down to details of how we go about doing that. We [the various racing states] need to come to a consensus on what “cheating” means — which drugs constitute it, and at which levels.

The Jockey Club recently put forth guidelines [suggesting stricter regulation of substances and improved security on race day] that everyone in the industry could point toward and say, “This is what our rules are.” If we could all get on the same page, whether it’s through the Jockey Club’s suggestions or some variation of that, I think that would be a huge step in the right direction to appear united.

Once we handle an issue like medication, I think we’d find that we could come to agreement with other situations we need to handle, such as the tote system reformation, getting the national circuit aligned for the public. If we could get on the same page on one or two issues, we could start knocking the rest off in routine fashion.

How do you see the future of the horse industry, specifically in Kentucky, considering all the speed bumps that seem to be in its path these days?

There have been speed bumps lined up against the horse industry since there has been horse racing in America.

Yes, we can get by any of these types of recent speed bumps. A lot of them are selfcreated, and we can get past those. We saw this past year with the Triple Crown [at which

Kentucky Derby attendance and handle hit an all-time record] that America wants to pay attention. We have to give them an easier way to pay attention.

Yes, we can get past it. As far as specifically Kentucky, we absolutely can. Kentucky has the best natural resources and the best professionals that apply to the horse industry.

Yes, we are making it much harder for ourselves to compete nationally. There is no question on that. Luckily, we are buoyed by the fact that we offer the best product nationwide.

I have absolute confidence in the national future, and with that, the leader in racing, which is unquestionably Kentucky. If our industry has an extra $100 million lying around where we can subsidize purses like New York, it would only be better.

If you were the Racing Czar and could magically enact any one change that you wanted, what would you do?

I would like a contract with ESPN to create major league racing. We have a great product, and we’re not necessarily in the forefront of America’s mind. To get there, we need exposure — and we need to expose the right aspects.

We have a compelling product; we have to make it easier for the nation to follow our story. We’ve heard way too often that [to the general public] racing exists about three weeks before and after the Triple Crown.

Those in the business know that summer racing [in the months after the final leg of the Crown] is some of the best that we have.

We have to get past the reality that the majority of horses run as three-year-olds only, but that doesn’t mean that the racing product itself dwindles. So we need a way that America stays informed. BL

JULY 2013

WWW.BUSINESSLEXINGTON.COM

19

BizList

Law Firms

Ranked by Number of Lawyers in Lexington Firms with Lawyers of 8 or less Firm Name Address Phone Website

Firm Name Address Phone Website

Lawyers in Lexington/ Across all Offices

Partners1/ Associates/ of Counsel/ Paralegals in Lex.

1

Stoll Keenon Ogden, PLLC 300 W. Vine St., Ste. 2100 Lexington, KY 40507 859-231-3000 www.skofirm.com

66/ 149

27/ 14/ 25/ 14

Business litigation; corporate/mergers and acquisitions; utility and energy law; securities, corporate finance and lending; labor and employment; employee benefits; professional liability defense; state and federal tax; intellectual property; bankruptcy; real estate finance and development; mineral and environmental law; healthcare law; estate planning and administration; family law; immigration; government relations; equine law

William M. Lear Jr., Managing Director/ 1897/ 7

2

Frost Brown Todd, LLC Lexington Financial Center 250 W. Main St., Ste. 2800 Lexington, KY 40507 859-231-0000 www.frostbrowntodd.com

46/ 461

28/ 18/ 0/ 11

Litigation; business/corporate; labor & employment; commercial transaction/real estate; regulated business; environmental; personal & business succession planning; bankruptcy & restructuring; mergers & acquisitions; construction; international

Edward A. Receski, Member-in-charge of Lexington office/ 1981/ 9

3

Wyatt, Tarrant & Combs, LLP Lexington Financial Center 250 West Main St., Ste. 1600 Lexington, KY 40507 859-233-2012 www.wyattfirm.com

44/ 204

28/ 7/ 8/ 8

Bankruptcy & creditors’ rights; employee benefits and executive compensation; environmental; equine & gaming; estate planning; financial institutions; general business; governmental affairs and regulated industries; health care; immigration; intellectual property protection and litigation; international trade; labor & employment; litigation & dispute resolution; mineral & rnergy; nonprofit institutions; public finance and economic development; real estate development, financing, and transactions; securities and corporate finance; taxation

J. Mark Burton, Managing Partner/ 1977/ 6

4

Stites & Harbison, PLLC 250 W. Main St., Ste. 2300 Lexington, KY 40507 859-226-2300 www.stites.com

43/ 234

27/ 11/ 4/ 6

Business litigation; business & finance; torts & insurance; real estate; construction; creditors’ rights; intellectual property; healthcare; insurance regulation; employment; banking, environmental; mining

Greg P. Parsons, Office Executive Member/ 1832/ 9

5

Dinsmore & Shohl, LLP Lexington Financial Center 250 West Main St., Ste. 1400 Lexington, KY 40507 859-425-1000 www.dinsmore.com

41/ 475

25/ 14/ 4/ 4

Business litigation; corporate; labor & employment; natural resources; insurance; product liability; bankruptcy; estate planning; real estate; intellectual property; torts; equine law & gaming

Chauncey S. R. Curtz 1997/ 13

6

McBrayer, McGinnis, Leslie & Kirkland, PLLC 201 E. Main St., Ste. 1000 Lexington, KY 40507 859-231-8780 www.mmlk.com

34/ 53

12/ 20/ 2/ 6

Business & corporate law; business & commercial litigation; estate planning and administration; family law; healthcare; real estate development

James H. Frazier III, Managing Member/ 1978/ 5

7

Bingham Greenebaum Doll, LLP 300 W. Vine St., Ste. 1100 Lexington, KY 40507 859-231-8500 www.bgdlegal.com

27/ 210

14/ 9/ 4/ 4

Corporate & transactional; environmental/natural resources; government; labor & employment; litigation; estate planning; real estate; tax, finance

Carolyn M. Brown 1978/ 9

8

Fogle Keller Purdy, PLLC 300 E. Main St., Ste. 400 Lexington, KY 40507 859-253-4700 www.fkplaw.com

25/ 47

8/ 16/ 1/ 4

Workers’ compensation defense (KY, IN & WV), civil litigation, employment law, immigration, federal black lung, real estate litigation, estate planning, motor vehicle insurance defense, property and casualty insurance defense, subrogation

Kamp T. Purdy & Sherri Brown-Keller/ 1988/ 5

8

Landrum & Shouse, LLP 106 W. Vine St., Ste. 800 Lexington, KY 40507 859-255-2424 www.landrumshouse.com

25/ 30

14/ 11/ 2/ 8

Mediation & dispute resolution; insurance and product litigation; civil rights; employment law; workers’ compensation; municipal & governmental liability; corporate & business law

William C. Shouse/ 1956/ 2

9

Ward, Hocker & Thornton, PLLC Bluegrass Corporate Center 333 West Vine St., Ste. 1100 Lexington, KY 40507 859-422-6000 www.whtlaw.com

24/ 33

9/ 15/ 0/ 3

Appellate practice, automobile/motor vehicle litigation, bankruptcy, construction law, commercial & business litigation, extracontractual/ coverage issues, financial institution law, fire & casualty, governmental liability, healthcare professional liability, insurance defense, large loss subrogation, products liability defense, premises liability, surety & fidelity law, trucking & transportation litigation, workers’ compensation

Walter A. Ward, Member George B. Hocker Gregg E. Thornton/ 1984/ 5

10

Golden & Walters, PLLC 771 Corporate Dr., Ste. 905 Lexington, KY 40503 859-219-9090 www.goldenandwalters.com

22/ 22

2/ 20/ 0/ 5

Insurance defense; workers’ compensation; employment discrimination; wrongul death/catastrophic injury; collections; criminal defense; traffic offenses; appeals

John Walters 1999/ 1

10

Sturgill, Turner, Barker & Moloney, PLLC 333 W. Vine St., Ste. 1400 Lexington, KY 40507 859-255-8581 www.sturgillturner.com

22/ 22

14/ 7/ 1/ 9

Business law & litigation; bankruptcy law; business services; professional malpractice defense, civil litigation, education law; employment law; governmental law, constitutional law & civil rights; public entity defense; health-care law; long-term care defense; managed care; medical malpractice defense; regulatory compliance; insurance law, mediation services; wills, trusts & estates; workers’ compensation defense

Kevin W. Weaver/ 1957/ 1

11

Jackson Kelly, PLLC 175 E. Main St., Lexington, KY 40507 859-255-9500 www.jacksonkelly.com

18/ 204

10/ 4/ 4/ 5

Administrative, commercial real estate, corporate, banking and finance, bankruptcy, business and commercial litigation, energy and mineral, environmental, estate planning, equine, federal Black Lung, health and hospital, labor & employment, litigation, mediation, mergers and acquisitions, tax, utilities, workers’ compensation

Robert F. Duncan/ 1985/ 11

12

Fowler Bell, PLLC 300 W. Vine St., Ste. 600 Lexington, KY 40507 859-252-6700 www.fowlerlaw.com

17/ 17

5/ 10/ 2/ 6

Bankruptcy, restructuring & workouts; insurance litigation; real estate; commercial & business law; collections; family law & adoptions; intellectual property; estate planning

Taft A. McKinstry, Managing Member/ 1959/ 1

13

Kinkead & Stilz, PLLC 301 E. Main St., Ste. 800 Lexington, KY 40507 859-296-2300 www.ksattorneys.com

15/ 15

10/ 5/ 0/ 7

Business litigation, corporate, real estate & construction, taxes & estate planning/administration, insurance defense, personal injury litigation, employment, mineral law

Robert C. Stilz Jr./ 1997/ 1

14

Gess Mattingly & Atchison, PSC 201 W. Short St. Lexington, KY 40507 859-252-9000 www.gmalaw.com

14/ 14

10/ 3/ 1/ 2

Business; bankruptcy; family law; real estate; wills/estates/trusts; litigation; equine

C. Timothy Cone/ 1954/ 1

15

Bowles Rice McDavid Graff & Love, LLP 333 W. Vine St., Ste. 1700 Lexington, KY 40507 859-252-2202 www.bowlesrice.com

10/ 130

7/ 1/ 2/ 3

Litigation; energy; labor & employment; tax, estate planning & probate; real estate; commercial; financial services

J. Stan Lee & Timothy C. Wills/ 1978/ 8

Current Rank

Lawyers in Lexington

Boehl Stopher & Graves, LLP 444 W. Second St., Lexington, KY 40507 859-252-6721 www.bsglex.com

7

King & Schickli, PLLC 247 North Broadway Lexington, KY 40507 859-252-0889 www.iplaw1.net

7

Morgan & Pottinger 133 W. Short St. Lexington, KY 40507 859.253-1900 www.morganandpottinger.com

7

Webb, Hoskins, Glover, Thompson 3010 Lexington Financial Center 250 W. Main St. Lexington, KY 40507 859-253-1000 whgt.net

7

Thurman, White & Anderson 333 West Vine St., Ste. 207 Lexington, KY 40515 859-252-1690

6

Rajkovich, Williams, Kilpatrick, & True, PLLC 3151 Beaumont Centre Cir., Ste. 375 Lexington, KY 40513 859-245-1059 rwktlaw.com

5

Stidham & Associates, PSC 401 Lewis Hargett Cir., Ste. 250 Lexington, KY 40503 859-219-2255 www.stidhamlaw.com

4

Atkinson, Simms & Kermode 1608 Harrodsburg Rd. Lexington, KY 40504 859-225-1745 www.ask-law.com

3

Yunker & Park, PLC 476 E. High St. Lexington, KY 40522 859-255-0629 www.yunkerpark.com

3

Gardner Law Office, PLLC 138 Deweese St. Lexington, KY 40502 859-253-0734 www.gardnerlawky.com

2

Kathryn Warnecke Ryan, PLLC 836 Euclid Ave., Ste. 200 Lexington, KY 40502 859-309-5710

2

Slone & Benton 201 Walton Ave. Lexington, KY 40502 859-252-6600 www.sblex.com

2

Dan Carmon, Attorney at Law, PLLC 271 W. Short St., Ste. 512 Lexington, KY 40507 859-685-1055 www.lexingtondefense.com

1

Julie Butcher Law Office 535 W. Second St., Ste. 103 Lexington, KY 40508 859-233-3641 www.juliebutcherlaw.com

1

Montague Law, PLLC 163 East Main St., Ste. 300 Lexington, KY 40507 859-280-3229 wmlex.com

1

The Walter C. Cox, Jr Law Firm & Associates, LLC 2333 Alexandria Dr. Lexington, KY 40504 859-514-6033 www.waltercoxlaw.com

1

TIE

TIE

TIE

TIE

Main Practice Areas

Managing Partner(s) in Lexington office/ Year Founded Locally/ Total Number of Offices2

1 - In some instances, the total number of lawyers in firms’ Lexington office may be greater than the total of partners, associates, and of counsel attorneys, as these firms have additional attorneys that do not fit in the categories listed.

2 - Some firms refer their partners as members.For the purpose of this list, these two terms have been used interchangeable.

Source: Information was obtained from the Fayette County Bar Association, firm websites, and firm representatives and Business Lexington’s survey. Other firms may have been eligible but did not respond to requests for information by stated deadlines.

List was restricted to 10 or more lawyers and law firms with offices located in Lexington, Kentucky. Note: In the event of a tie based on numbers of lawyers located in a firm’s Lexington office, rankings were based on the total number of lawyers across all its offices.

To have your company’s information listed in the BizList, please visit the following link, https://secure.datajoe.com/url/?bc1JpO1G4 WND - Would Not Disclose NA - Not Available NPR - Not Previously Ranked

20

JULY 2013

WWW.BUSINESSLEXINGTON.COM

Immigration reform: Proposed Senate bill would mandate tighter border security and more scrutiny of workers This is the final installment of a three-part series outlining and discussing proposed bipartisan legislation surrounding immigration reform. The first article in the series focused on allowing undocumented immigrants to change their status, and the second focused on changes for employers.

By Matthew P. Gunn GUEST WRITER

T

he Border Security, Economic Opportunity, and Immigration Modernization Act, Senate Bill 744 (SB 744), proposes comprehensive changes to the United States immigration system. All of the changes proffered to date are not about a path to citizenship for the approximately 11 million unlawful immigrants currently in the United States. The proposed legislation requires that before granting any undocumented foreign national a path to citizenship, the federal government must meet a series of metrics documenting increased levels of effective border control. To carry out this objective, SB 744 outlines several new plans of action.

Border security

BusinessLexington P R E S E N T T H E B U S I N E S S L E X I N GTO N L E A R N I N G S E R I E S

Romance or Ruin?

Musings on the Food Business AUGUST 22 - OPENING A BAR KEYNOTE SPEAKER: ALAN STEIN OF STEIN GROUP

You love talking to people, never fit in the 9 to 5 and know how to infuse some mean bitters. However, the business of opening a bar is more complex than a perfect Bloody Mary. Running a bar can be a profitable business but an extremely risky one. Join the discussion and find out from bar owners and investors how to be in the bar business.

OCTOBER 24 - TAKING YOUR FOOD TO MARKET KEYNOTE SPEAKER: LESME ROMERO AND REINALDO GONZALEZ OF LEXINGTON PASTA

Turn your hobby into a successful niche product and a big business.

Learn from the best of the best how to package, price, brand and promote your product and get it on the shelves.

TIMES FOR ALL ARE 8:00 TO 10:00 AM

Tickets Available + Early Bird Discounts at www.bizlex.com/romanceorruin

The first strategy, the Comprehensive Southern Border Strategy, calls for persistent surveillance of the border through a variety of overt and covert methods and for at least a 90 percent success rate turning back or apprehending those individuals who would seek to enter the United States illegally. The bill awards an initial $3 billion stake to accomplish this goal. Another $2 billion is earmarked for a government commission to bolster its efforts if the 90 percent goal is not met within five years.

The second strategy, the Southern Border Fencing Strategy, identifies where fencing, infrastructure and technology should be deployed along the southern border. The bill calls for $1.5 billion to be used in the initial implementation of this strategy. Of this amount, at least $1 billion will be used to repair old fencing or install new fencing where necessary.

In addition to these two comprehensive strategies, SB 744 increases border protection in a number of other ways, including: authorizing 3,500 more U.S. Customs and Border Protection (CBP) officers; enabling governors to use the National Guard to aid CBP in securing the border; creating additional border patrol stations; bolstering funding for the expected increase in border-related prosecutions and reimbursement to the states that hold them; allowing CBP officers access to all “federal lands” for security activities; requiring additional training protocols for CBP officers, border patrol agents and Immigration and Customs Enforcement (ICE) officers; and creating the Department of Homeland Security Border Oversight Task Force to review and report on the success or failure of these operations.

Finally, SB 744 calls for increased funding for a common and multi-organizational communications infrastructure and stronger prohibitions against inappropriate use of force in controlling the border.

Only after the required 90 percent success rate in turning away undocumented foreign nationals is reached and documented may those foreign nationals without lawful immigration status apply to adjust their status to that of a Registered Provisional Immigrant (RPI). An RPI will be authorized to work in the United States and to travel outside the United States.

Interior security One of the most significant changes for businesses will be that SB 744 makes the EVerify system mandatory for employers over a period of five years.

Currently, the E-Verify system is a blend of CIS and Social Security Administration databases that is a voluntary way for employers to make sure any new hires are legally authorized to work in the United States. If SB 744 is passed as is, which is entirely uncertain at this point, no employer will be allowed to hire, recruit or refer for a fee an employment candidate without ensuring the candidate complies with E-Verify requirements, after the five-year period is complete. To aid this effort, a new photo tool will be developed within the E-Verify system that will allow employers to verify an employee’s identity by matching a photograph from a previously approved document (e.g., U.S. passport, passport card, identity card, etc.) to a photo in the USCIS database.

SB 744 authorizes funding for at least 5,000 additional ICE and USCIS positions to administer and monitor the E-Verify system.

In addition to mandatory utilization of E-Verify, SB 744 also grants administrative law judges and immigration officers subpoena power in investigations.

SB 744 substantially increases the penalties for failing to comply with E-Verify and employment eligibility verification requirements. A first offense will result in a civil violation and a penalty of $3,500 to $7,500 per worker. A second offense will raise the penalty scale to $5,000 to $15,000, and for the third offense forward, the penalty scale rises to $10,000 to $25,000 per worker. This new penalty structure would take effect one year from enactment of the law.

Finally, on the civil side, SB 744 fully implements the preemption clause and preempts states from passing legislation in this area.

Along with the strengthening of civil penalties, there is also an increase in criminal penalties. SB 744 increases penalties for an employer who engages in a pattern or practice of knowingly hiring unauthorized aliens. For these offenses, there is a fine of up to $10,000 per worker and two years imprisonment. The proposed law also increases the maximum term of imprisonment by five years for any criminal offense that is part of this pattern or practice.

It is a long-held belief that at the heart of undocumented immigration into this country is a need for better paying jobs. This bolstering of border and internal security is aimed at removing the ability of U.S. employers to pay lower wages to undocumented foreign nationals by both making it harder for undocumented aliens to gain access to the country and by cutting off an employer’s access to undocumented workers by making EVerify confirmation mandatory for employment.

Of course, this summary of the proposed changes to our U.S. immigration laws is subject to change as the bill moves towards a vote in the Senate and upon receipt of competing bill from the U.S. House of Representatives, if one is ever proffered. The final immigration reform bill, if one is even passed, may bear little resemblance to that discussed above. We will all have to wait and see. BL Matthew Gunn is a partner in Wyatt Tarrant & Combs’ Labor and Employment Service Team. He’s based out of the firm's Louisville office.

JULY 2013

WWW.BUSINESSLEXINGTON.COM

21

New corporate center planned for Coldstream BUSINESS LEXINGTON

K

DC, a Dallas-based commercial real estate firm, has entered into the marketing stage for development of a 250,000-square-foot corporate center on 38 acres of the University of Kentucky’s Coldstream Research Campus.

The first phase of the planned project would include a three-story, 100,000-squarefoot building aimed to attract regional and national corporate offices. The facility would be located on a lot adjacent to the recently built Tempur-Pedic headquarters.

“We have just begun our marketing efforts and will start construction once we have pre-leased at least 50 percent of the building,” said Jeffrey Stidham, KDC vice president and partner.

KDC, which is working under a sub-contract with Sperry Van Ness Real Estate Advisors, plans to seek LEED certification on the proposed building. The facility, which will incorporate features such as raised access flooring for electrical, phone and data cables and individual workstation HVAC controls for temperature adjustment, is based on a sustainable and energy-efficient design that KDC has employed in other cities across the country.

Stidham said Coldstream is a venue wellsuited for both public and private sector corporate offices in a variety of fields, including education, medical enterprises, research and development and more.

“Coldstream is one of the most impressive professional research and office campuses in the country and provides a beautiful setting for corporate offices,” Stidham said. “As the economy continues to recover, demand for office space is on the rise and there is a limited supply of quality space in Lexington.”

More than 60 companies are currently located at Coldstream. The proposed corporate center would be the latest in a series of significant developments on Coldstream’s 735-acre campus, including the opening of Tempur-Pedic’s global headquarters in February and Bingham McCutchen’s global services center in April. The $129 million, 239-bed Eastern State Hospital facility is scheduled to open at Coldstream in August and will bring the total number of employees on the research campus to about 2,100, said George Ward, Coldstream’s executive director. That represents roughly double the employee base that Coldstream had a year ago, Ward said.

According to Ward, the opening of Eastern State Hospital, which will be operated by UK HealthCare, will also increase UK’s presence on the research campus to roughly 36 percent of the total developed square footage.

This represents a more typical ratio for a university research park than Coldstream has experienced in the past, Ward said.

“That will attract people who want to be closer to UK,” Ward said. “It may, over a number of years, attract more UK facilities out here as well.”

With the eventual completion of the Newtown Pike extension to UK’s campus, Ward sees the formation of what he describes as Lexington’s “high-tech and higher-education corridor,” connecting Coldstream to the new Newtown Pike campus of Bluegrass Community and Technical College, Transylvania University, a growing downtown entrepreneurial community and the University of Kentucky.

While Coldstream’s plan for a mixed-use “lifestyle” town center on the campus has taken a backseat for the last two years, Ward

expects that increasing activity at Coldstream and the improving economy will spark new interest among retail-oriented developers.

“It’s been a little over a year now that commercial real estate activity in Lexington has been buzzing a little bit more,” Ward said.

But beyond Lexington, Ward sees the KDC project as an added boost for Coldstream’s national exposure, pointing out that the last three large employers that have located at Coldstream — AllConnect, TempurPedic and Bingham McCutchen — have been advised by site-selection consultants based outside of Kentucky. BL

Proposed design for 100,000-square-foot office building to be built as phase one of the new corporate center.

IMAGE FURNISHED

SOME LAW FIRMS PAINT-BY-NUMBERS. STOLL KEENON OGDEN CREATES MASTERPIECES.

Your legal challenges are unique. They deserve solutions created especially to address them. At Stoll Keenon Ogden PLLC, finding solutions that deliver client success is more than a practice, it’s practically an art form. For more information on a law firm that sees things differently, see us at skofirm.com or call 859.231.3000.

W H E R E L A W I S A N A R T.

L E X I N G T O N | L O U I S V I L L E | F R A N K F O RT | O W E N S B O R O | M O R G A N F I E L D | E VA N S V I L L E | G R E AT E R P I T T S B U R G H S KO F I R M . C O M

Y E S, T H I S I S A N A D V E RT I S E M E N T.

By Susan Baniak

it’s ! e e fr

food + music makers’ festival

it’s fre e!

SEPTEMBER 21 & 22 THE MOONDANCE AMPITHEATER @ BEAUMONT CIRCL E 60 local food vendors • a hi-lo slow dinner • corn roast Cooking demonstrations by top area chefs and food makers sunday breakfast with Chef jeremy ashby from Azur home Cooks Competition L ive Music for two days featuring: Tee Dee Young • Kelly Richey • Vandaveer • Chloe Charles • and many more! for more information visit www.cravelexington.com phone 859-266-6537 or email us at wecravefood@smileypete.com

A SMILEY PETE PUBLISHING PRODUCTION

JULY 2013

WWW.BUSINESSLEXINGTON.COM

BusinessEvents Conventions July 3 – 7 Pastime Tournaments LLC, BluegrassFreedom Classic 18U. 300 people expected.

July 5 – 10 National Basketball Exposure, Run for the Roses Classic 2013. 5,000 people expected.

July 7 – 15 Aldersgate Renewal Ministries, 2013 Aldersgate National Conference at the Lexington Center and Rupp Arena. 2,400 people expected.

July 10 – 14 Pastime Tournaments LLC, Eastern Kentucky/Transylvania 14U National Championship. 300 people expected.

July 13 – 22 US Equestrian Foundation, 2013 North American Junior Young Rider Championship (NAJYRC) at the Kentucky Horse Park. 3,800 people expected.

July 17 – 19 University of Kentucky - College of Law, 2013 Estate Planning Institute at the Griffin Gate Marriott Resort and Spa. 170 people expected.

July 17 – 20 Southern District American Alliance for Health, Physical Education, Recreation and Dance, Southern District AAHPERD Board Meeting at the Hyatt Regency Lexington. 139 people expected.

July 17 – 21 Pastime Tournaments LLC, 15U National Championship. 300 people expected.

July 21 – 26 National Association of Police Athletic Leagues, 2013 National PAL Basketball Tournament. 2,600 people expected.

July 24 – 28 Pastime Tournaments LLC, Eastern Kentucky/Transylvania 18U World Series. 300 people expected.

July 14 – 21 AAU Boys Basketball Championships, 2013 Division 1 4th Grade Boys 10U Basketball Championships. 5,500 people expected.

July 30 – Aug. 12 US Equestrian Foundation, USEF 2013 Pony Finals at the Kentucky Horse Park.

2,700 people expected.

July 14 – 23 Reeves International, BreyerFest 2013 at the Kentucky Horse Park. 12,000 people expected.

Events Lexington Fourth of July Festival. July 2-6. Events include the Great American

Pie Contest and Ice Cream Social (July 2), a patriotic concert (July 3), the Bluegrass 10K foot race, downtown street festival and parade, fireworks presented by RJ Corman, and a weekly favorite, Central Bank Thursday Night Live (July 4). www.downtownlex.com.

F I N D M O R E L E X I N G T O N E V E N T S AT TA D O O . C O M year’s event focuses on the Ford Mustang.

11 a.m., Keeneland, 4201 Versailles Rd. www.keenelandconcours.com.

and big-band music weekly, on Tuesday evenings. 7 p.m. Ecton Park, Turkeyfoot Rd., www.lexingtonky.gov.

Literature & Film

Southland Jamboree. Tuesdays. The Southland Jamboree takes place each Tuesday evening, at the stage to the side of Collins Bowling Alley on Southland Drive. Bring a lawn chair or a blanket and come for some bluegrass music. 7 p.m., Collins Bowling Center, 205 Southland Dr., www.southlandjamboree.org.

Summer Classic Film Series. July 3, 10, 17, 24. The Kentucky Theater presents a different classic film each Wednesday throughout the summer. July’s schedule includes “Two for the Road” (July 3); “Young Frankenstein” (July 10); “To Kill a Mockingbird” (July 17); and “The Man Who Knew Too Much” (July 24). 1:15 and 7:30 p.m. screenings. Kentucky Theatre, 214 E. Main St. www.kentuckytheater.com.

Bluegrass 10K. July 4. More than 3,500 men, women and youth participate in this annual Fourth of July tradition. Featuring a wheelchair division, a race and a fun run leading up to the downtown entertainment, arts and crafts vendors, food vendors, children’s activities, parade, fireworks and more. 7:25 a.m., (859) 2882900, www.lexingtonky.gov.

Neil Gaiman. July 11. Joseph-Beth Booksellers will host a signing and discussion

by Neil Gaiman for his new book “The Ocean at the End of the Lane.” 7 p.m., The Grand Reserve, 903 Manchester St. www.josephbeth.com.

Junior League Charity Horse Show. July 8-13. Created in 1937 to help fund the Junior League’s community works project, the horse show has grown to be the world’s largest outdoor American Saddlebred show and the first leg of the Saddlebred “Triple Crown.” Sessions at 9 a.m. on the 9th through the 12th and nightly at 6:30 p.m., Red Mile, 1200 Red Mile Road. www.lexjrleague.com.

Theater & Performance Tee Dee’s Blues & Jazz Club. Mondays.

Weekly live music and blues jam session at the best juke joint in Kentucky. 9 p.m., Tee Dee’s Blues & Jazz Club, Elm Tree and 2nd St.

Keeneland Concours d’Elegance. July 1921. On the third weekend of July, the annual Keeneland Concours d’Elegance will be held at the Keeneland Race Course in Lexington, showcasing more than 130 of the finest collector vehicles in the country — from antiques to future classics. This

Big Band & Jazz Series at Ecton Park.

Tuesdays. One of Lexington’s longest running concert series, features great jazz

Free Music at Thursday Night Live. Every Thursday evening, Downtown Lexington features Central Bank Thursday Night Live, a free community event featuring beverages, live music and food from local booths. 4:30 p.m., Fifth Third Pavilion at Cheapside Park. www.downtownlex.com.

Summerfest: “A Chorus Line.” July 25, 26, 27, 28, 31. Each summer, the Kentucky Conservatory Theatre presents a theater festival in the tradition of Lexington’s longstanding Shakespeare in the Park event.

This year, the event presents some changes in formatting, featuring two productions running for two weekends instead of one. 7 p.m., UK Arboretum, 500 Alumni Drive.

Summer Picnic Concert Series. July 29.

Tickets include live music, picnic fare and one glass of wine. 6:30 p.m., Shaker Village at Pleasant Hill. 3501 Lexington Rd. www.shakervillageky.org. BL

presents

CRAVE SUNDAY FARE OUTDOOR POP UP EVENT sponsored by Andover Management & Cravens Properties

Featuring Four Food Trucks, Top Area Chefs and Food Producers A family-style, four course Sunday Brunch

AUGUST 25th 12:00 Bloody Mary Bar at Beaumont Park 1:00-3:00 Crave Sunday Fare

tickets on sale now! $30 per person $25 Early Bird till July 12 Special Music Guests ... River Whyless for more information visit www.cravelexington.com/cravesundayfare.html

MOONDANCE AMPITHEATER

@ BEAUMONT CENTRE

23

Andover Management Group, LLC

24

JULY 2013

WWW.BUSINESSLEXINGTON.COM

BusinessLeads Bids LFUCG is seeking bids for HVAC Remediation for Computer Service Room. Contact 859-258-3320.

Request No. 79-2013, deadline 7/3/13.

LFUCG has issued a Request For Proposal for Collection Services.

Contact 859-258-3320. Request No. RFP17-2013, deadline 7/2/13.

LFUCG has issued a Request For Proposal for Lease of Office and Industrial Space. Contact 859258-3329. Request No. RFP92013, deadline 7/3/13.

Commercial Real Estate Transfers MARCH 1 THROUGH MAY 31 SQUARE FOOTAGE INCLUDED ON SINGLE UNIT SALES. Convenient Food Market | 4560 Iron Works Pike, $1,650,000, 6,050 sq. ft., $273 per foot.

Day Care | 1748 Alysheba Way, $3,117,000, 11,814 sq. ft., $264 per foot.

Hospitality and Recreation | 508 Maryland Avenue, $700,000.

Hospitality and Recreation | 2241 Elkhorn Road, $400,000.

Hospitality and Recreation | 2221 Elkhorn Road, $1,500,000, 29,202 sq. ft., $51 per foot.

Hospitality and Recreation | 2400 Buena Vista Road, $2,600,000, 57,265 sq. ft., $45 per foot.

Industrial | 351 United Court, $600,000.

Industrial | 170 Martin Luther King Boulevard, $300,000.

Office Building | 103 Cisco Road, $94,000, 1,322 sq. ft., $71 per foot.

Office Building | 3130 Custer Drive, $415,000, 3,110 sq. ft., $133 per foot.

Office Building | 1212 Walton Avenue, $400,000, 2,334 sq. ft., $171 per foot.

Office Building | 245 Lexington

Avenue, $155,000, 1,564 sq. ft., $99 per foot.

Office Building | 152 Burt Road, $365,000, 5,000 sq. ft., $73 per foot.

Office Condo | 989 Governors Lane Unit 160, $384,175, 2,219 sq. ft., $173 per foot.

Office Condo | 989 Governors Lane Unit 220, $375,000, 2,034 sq. ft., $184 per foot.

Office Condo | 2250 Thunderstick Drive Units 1206 and 1207, $353,000.

Office Condo | 300 E Main Street Unit 210, 220, 230, 240, 250 and 260, $999,900.

Office Condo | 1030 Monarch St. Suites 200, 201, 202, $900,000.

Office Condo | 160 Prosperous Pl. Units A-1, A-2 and A-3 $500,000.

Office Condo | 1086 Wellington Way Unit 02, $125,500, 789 sq. ft., $159 per foot.

Office Condo | 1084 Wellington Way Unit 03, $174,220, 1,268 sq. ft., $137 per foot.

Office Condo | 1517 Nicholasville Rd. Unit 305, $135,000, 1,123 sq. ft., $88 per foot.

Office Condo | 310 Old Vine Street Units 100 and 101, $190,000.

Office Condo | 1021 Majestic Drive Suite 130, $136,500, 1,002 sq. ft., $136 per foot.

Office Condo | 2240 Executive Drive Unit 203, $64,500, 952 sq. ft., $68 per foot.

Office Condo | 1092 Duvall Street Unit 220, $105,000, 988 sq. ft., $106.

Office Condo | 2700 Old Rosebud Road Unit 210, $450,000, 2634 sq. ft., $171 per foot.

Office Warehouse | 649 Blue Sky Parkway, $395,000, 5220 sq. ft., $76 per foot.

Retail | 820 North Broadway, $1,475,000, 21,026 sq. ft., $70.

Retail | 1143 Commercial Drive, $315,000, 6,000 sq. ft., $53 per foot.

Telecommunications | 2739 Martinique Lane Unit Rear, $400,000.

Warehouse | 945 National Av-

enue, $393,000, 8,875 sq. ft., $44 per foot.

Warehouse | 236 Gold Rush Road, $279,000, 6,500 sq. ft., $43 per foot.

New Business Licenses Alarm | Locktite Of Georgia, owned by Jay Savoie, 274 Southland Dr., Ste. 203a, 678-9669600.

Banking | Ohio Valley Financial, owned by Scott Davis, 140 N Main Street, 270-831-1581.

Car Dealer | Owned by Samuel Guevara Pacheco, 855 Ward Drive.

Commercial Construction | I S Construction, owned by Lynda Hubble, 817-457-7150.

Concrete | Cherrys Concrete LLC, owned by Oleg Chereshnya, 405 Amberley Drive, 859-940-5277.

Consultant | Jsr Consulting Inc, owned by Joni S Ransdell, 1212 Litchfield Lane, 859-219-0880.

Contracting | Miller Construction, owned by Anthony J Miller, 410866-3600.

Contractor | Jones Builders, owned by Barry Jones, 409 College Street, 270-782-0400.

Decorative Stone | Bluegrass Stone, owned by Timothy Nelson, 448 Scarlet Oak Drive, 606-3301736.

Elec Equip Sales | Lightning Power Electric, owned by Pedro Mendive, 786-554-5440.

Electric | Meggitt Maryland Inc, owned by Steven M Winchendahl, 20511 Seneca Meadows, 301330-8811.

Electrical Contractor | Eqs Inc, owned by Stephen J Weidner, 812-438-4672.

Electrical Contractor | Rose Electrical LLC, owned by Rick Rose, 4260 Georgetown Road, 859824-5000.

Equine Vet | Owned by Diane L Ganzer, 332 Escondida Road, 859-420-7373.

Excavating/Trucking | Mcgowan Excavating, owned by Royce McGowan, 606-871-7445.

Financial Institute | Your Community Bank, owned by James Rickard, 2452 Sir Barton Way, Lexington, Ky. Fire Protection Contractor | Quality Fire Protection, owned by Tawnya Luhrsen, 812-926-1825.

General Contracting | Annis Construction, owned by Philip Annis, 859-410-4470.

General Contracting | R A Heath Construction, owned by Ronald A Heath, 770-271-8229.

General Contracting | Sun Industrial Inc, owned by Kathy Packrall, 100 Richeyville Rd., 724-6322000.

Highway Construction | Antigo Construction, owned by Christopher Shinners, 715-627-2222.

Home Goods | IDV Ltd. Co., owned by Brian McDowell, 859721-1559.

Hotel | Howard Johnson Inn, owned by Akshay Patel, 2241 Elkhorn Rd., Lexington, Ky, 859293-2202.

Hotel | Travelodge Lexington, owned by Askay Patel, 2221 Elkhorn Rd., Lexington, Ky., 859293-0047.

IT Consultant | Metronome Llc, owned by Jennifer Virga, 23446 Twin Falls Ter., 202-277-0293.

Landscape Contracting | Service One Of Kentucky, owned by James R Robertson, 2336 Merluna Drive, 859-559-5400.

Manufacturer/Distributor | Jgb Enterprises Inc, owned by Jay Bernhardt, 115 Metropolitan Drive, 315-451-2770.

Masonry | Greg Ware Construction, owned by Greg Ware, 859983-2235.

Manufacturing of Pneumatic Valves | Bosch Rexroth Pneumatics, owned by Phillip Donovan, 1953 Mercer Rd., Lexington, Ky., 708-865-5215.

Night Club | Showtime, owned by Gerald Mack, 859-621-3309.

Online Retail | Boats And Skis Llc, owned by Alicia Sanders, 305 Lindenhurst Drive 10101, 404-3841199.

Outdoor Lighting | Lexington Outdoor Lighting, owned by William Massarone, 859-552-6575.

Painting | Straight Line Painting, owned by Rhonda Pulido, 2000 Deauville Drive, 859-537-5686.

Painting Contractor | Grace Painting LLC, owned by Michael W Carroll, 422 Walnut Street, 859-595-6974.

Party Salon | Party Like A Princess, owned by Aritta M Becksted, 859529-9480.

Pest Control | Outdoor Pest Control LLC, owned by Sarah Griggs, 2560 Walnut Grove Ln., Lexington, Ky., 859-321-9558.

Phone Sales | Excel Satellite, owned by Michael Gibson, 1136 Four Wynds Trail, 859-536-6573.

Product Distributor | Bumi Trade Llc, owned by Hedyanti Simpson, 2160 Allegheny Way, 859-5231426.

Real Estate Ownership | Adli LLC, owned by Dana Bart, 1085 Armstrong Mill Rd., Lexington, Ky. Real Estate | JLJ Holdings LLC, owned by Lorie Thompson, 3712 Willowridge Road, 859-263-3480.

Real Estate Investment | Ventures Array LLC, owned by Patricia Miller, 7082 Jacks Creek Road, 859-806-0749.

Real Estate Rentals | Lancaster Rentals Llc, owned by Jayne Lancaster Trust, 1040 W High Street, 859-255-4040.

Real Estate/Auction | Wright Realty, owned by Thomas R Wright, 138 E Reynolds Road 202, 859224-8619.

Roofing | Mcroofing Llc, owned

by Martn Skip Cromer, 859-4418200.

Sales | Warnaca Inc, owned by Emanuel Chirico, 203-301-7330.

Sales/Service | Commonwealth Mailing, owned by Troy W Turner, 859-294-3911.

Security | All N 1 Security, owned

by Mary Parker, 3915 Cascade SW, Ste. 340, 404-691-4915.

Staffing Company | Acro Staffing Inc., owned by Chitra R Shahani, 734-542-4351.

Taxi Cab Operator | Owned by Eric Namegabe, 103 Glass Avenue, 703-350-0132.

Taxi Cab Operator | Owned by Muke Umba, 2517 Danielle Lane 2.

Taxi Cab Service | Owned by Mushingelwa Kapela, 736 Gatehouse Place.

Taxi Cab Service | Owned by Lusambo Nicolas Muderchwa, 1550 Trent Blvd.

Tour Guide / Pedicab | Owned by Jacob D Slaughter, 3220 Mirror Lake Drive, 859-420-8003.

Commercial Loans Topolski Inc from Traditional Bank for $14,400.

Skyblue Prop LLC from Bank Of The Bluegrass for $15,515.

Armistead Prop LLC from Bank Of Lex for $17,800.

Phase 3 Prop LLC from Community Tr Bank Inc for $18,800.

Lifeleaf LLC from Traditional Bank for $26,400.

Portrait Homes Inc from Central Bank & Tr Co for $33,000.

Harpe & Mashni LLC from Peoples Exchange Bank for $38,300.

Db Homes LLC from Alliance Banking Co for $42,840.

345 Kingsway Dr LLC from Traditional Bank for $46,000.

345 Kingsway Dr LLC from Traditional Bank for $46,000.

Harpe & Mashni LLC from Peoples Exchange Bank for $46,090.

J & R Family Ltd Ptnrship from Central Bank & Tr Co for $50,000.

Jaglets Prop LLC from Central Bank & Tr Co for $54,000.

Derossett Group LLC from Traditional Bank for $54,000.

Harpe & Mashni LLC from Peoples Exchange Bank for $54,750.

Rd Holdings LLC from Republic Bank & Tr Co for $55,000.

HoldTime.net Customized Messages... With Music... On Hold Beaumont Centre, Lexinton KY 40513

Professionally educate callers about your business while on hold.

For free info call 859.223.4563 or email info@holdtime.net Mention this ad for a FREE demo.

Read it. Profit.

Business Lexingtonâ&#x20AC;&#x2122;s Business Leads

JULY 2013

WWW.BUSINESSLEXINGTON.COM

Hhpls LLC from Central Bank & Tr Co for $61,000.

Jgps LLC from Central Bank & Tr Co for $61,000.

Eckman Prop LLC from Peoples Exchange Bank for $63,750.

35 Co Inc from First Sec Bank Of Owensboro Inc for $66,725.

Fayette Co Local Dev Corp from Community Tr Bank Inc for $69,000.

Harpe & Mashni LLC from Mischner, S James for $70,000.

Kim Gnas Prop LLC from Bank Of Lex for $70,415.

Topolski Inc from Traditional Bank for $71,000.

Nortrigo Ii LLC from Traditional Bank for $71,608.

Your Home Solutions LLC from Town Square Bank Inc for $74,000.

Keller & Morris Enterprises LLC from Bank Of Lex for $75,600.

554 Jefferson St LLC from Traditional Bank for $81,600.

Keller & Morris Enterprises LLC from Bank Of Lex for $82,777.

Overture Realty LLC from Pinkston, Sharron Morrow for $86,400.

Alexandra Holdings LLC from First Fed Sav Bank Of Frankfort for $93,500.

Jamcor Inv Inc from Community Tr Bank Inc for $94,180.

Saturn Homes LLC from Community Tr Bank Inc for $95,200.

Db Homes LLC from Traditional Bank for $95,250.

Sjm Homes LLC from Central Bank & Tr Co for $97,500.

Lexington Bg Rentals LLC from Bank Of Lex for $98,000.

Dcj Inv #2 LLC from Bank Of Lex for $100,000.

Yallarhammer LLC from Peoples Exchange Bank for $100,000.

Arellano Hernandez LLC from Bank Of Lex for $100,000.

Lifeleaf LLC from Traditional Bank for $100,000.

Rentals 4 Rent LLC from Community Tr Bank Inc for $105,600.

Harmony Hb LLC from United Bank & Tr Co for $109,900.

Quality Plus Homes LLC from Byer Homes Inc for $115,000.

Harmony Hb LLC from United Bank & Tr Co for $119,150.

Briggs Co from Bank Of Lex for $119,960.

Cindys Rentals LLC from Kentucky Bank for $120,000.

Lewis Prop Of Ky Inc from Bank Of Lex for $120,000.

Via Vitae Dev LLC from Traditional Bank for $125,250.

Will 3 LLC from South Central Bank Inc for $125,600.

Briggs Co from Bank Of Lex for $127,900.

Big Boss Inv LLC from First Sec Bank Of Owensboro Inc for $130,000.

Wildcat Laundry Serv Inc from Central Bank & Tr Co for $131,200.

Harpe & Mashni LLC from Peoples Exchange Bank for $131,340.

First Down Prop LLC from Bank Of

The Bluegrass for $134,300.

Centimole Prop LLC from Cumberland Valley Natl Bank & Tr Co for $136,000.

Big Boss Inv LLC from First Sec Bank Of Owensboro Inc for $140,000.

Tjsom Ltd from Whitaker Bank Inc for $140,000.

Jaf Prop LLC from Traditional Bank for $140,000.

Eirecon LLC from Alliance Banking Co for $141,950.

Wildcat Laundry Serv Inc from Central Bank & Tr Co for $145,000.

Stremph Inv LLC from Peoples Exchange Bank for $150,000.

Walgar Prop LLC from First Southern Natl Bank for $153,321.

Pls Prop LLC from Planters Bank Inc for $155,000.

Treetop Inv LLC from U S Bank Na for $155,000.

Ed Sarfo LLC from First Sec Bank Of Owensboro Inc for $160,000.

Dlp Inv LLC from Blue Grass Fed Sav/Loan Assn for $160,000.

Robinwood Inv LLC from Kentucky Bank for $161,500.

Gs Holdings LLC from First Sec Bank Of Owensboro Inc for $175,000.

Briggs Co from Whitaker Bank Inc for $176,830.

M & M Prop Mgt LLC from Central Bank & Tr Co for $182,250.

Smith Companies Inc from Century Bank Of Ky Inc for $182,750.

Mjlj LLC from Johnson, Mark U &

Lateshia S for $200,000.

Hm Mundy Prop LLC from Traditional Bank for $211,000.

Anderson Campus Rental Prop LLC from Randolph, Carolyn for $215,000.

V Prop LLC from Franklin Bank & Tr Co for $251,647.

Sunray Prop LLC from Dexter Griffin Enterprises LLC for $310,000.

Addie Foster LLC from Forcht Bank Na for $315,083.

Troutman Prop LLC from American Founders Bank Inc for $348,000.

Trek Prop LLC from Bank Of Lex for $352,015.

Cbrothers LLC from Republic Bank & Tr Co for $365,000.

Taylormade Real Est LLC from First Southern Natl Bank for $373,418.

Bhm Holdings LLC from Traditional Bank for $375,000.

Southgate Dev LLC from Central Bank & Tr Co for $382,500.

Winburn Prop LLC from Mischner, S James for $390,000.

Parsons Inv LLC from Central Bank & Tr Co for $400,000.

Fortune Plaza LLC from First Sec Bank Of Owensboro Inc for $400,000.

Private Prop Inc from Bank Of The Bluegrass for $400,000.

Ttw LLC from Amteck LLC for $403,000.

O & A Corp from First Sec Bank Of Owensboro Inc for $430,600.

1701 Nicholasville Rd LLC from

Republic Bank & Tr Co for $463,721.

Morton Prop LLC from First Natl Bank Of Jackson for $493,910.

Lexington Friends Meeting Inc from Community Tr Bank Inc for $520,000.

Romans Farm LLC from Capital Access Corp Ky for $527,000.

Bluegrass Dental Holdings LLC from Bank Of The Bluegrass for $533,116.

Mjlj LLC from Robert U Johnson Irrevocable Life Ins Tr for $545,000.

Foxtrot 16 LLC from Central Bank & Tr Co for $575,000.

Local Limestone LLC from Bank Of The Bluegrass for $600,000.

Ashland Bldg LLC from Republic Bank & Tr Co for $610,000.

Homes By Anderson Tate LLC from United Bank & Tr Co for $648,696.

B H & S Inv Inc from First Sec Bank Of Owensboro Inc for $750,000.

Lmm Gatehouse Place LLC from Traditional Bank for $774,313.

Kirn Commerial Prop LLC from Republic Bank & Tr Co for $796,000.

Jack Kain ford Inc from Traditional Bank for $796,511.

Hhm Enterprises LLC from Cumberland Valley Natl Bank & Tr Co for $812,000.

J & R Family Ltd Ptnrship from Central Bank & Tr Co for $850,000.

Empire Holdings LLC from Bank Of The Bluegrass for $867,748.

Big Boss Inv LLC from First Sec Bank Of Owensboro Inc for $870,000.

Fraternal Order Of Police Blue Grass Lod from Traditional Bank for $923,552.

R E I LLC from Bank Of Lex for $944,000.

Rankin Prop I LLC from Your Comm Bank for $963,572.

Hunt Logan LLC from Traditional Bank for $1,128,000.

Lexington Venture Group LLC from Central Bank & Tr Co for $1,160,500.

Laxmi Hotels Of Lex Two Inc from First Sec Bank Of Owensboro Inc for $1,500,000.

Rob Prop LLC from Bank Of The Bluegrass for $2,156,755.

Clays Mill Rd Baptist Ch from Kentucky Bank for $2,500,000.

Partin Lex Acquisitions LLC from Kentucky Bank for $2,515,000.

Commonwealth Designs Inc from Central Bank & Tr Co for $2,800,000.

Rob Prop LLC from Bank Of The Bluegrass for $2,917,481.

Birtley Intl LLC from Ohio Natl Life Ins Co for $3,300,000.

Rml Constr LLP from Branch Banking & Tr Co for $3,600,000.

University Prop LLC from Traditional Bank for $4,263,176.

Heavenly Blue LLC from Wesbanco Bank Inc for $8,000,000.

Dennis Anderson Park Hills LLC from Red Mtg Capital LLC for $10,080,000. BL

four 20-ounce porterhouses one brand-new digital camera an age-defying wrinkle treatment

If you’re planning now, plan on us.

From memorable meetings to exceptional events, our exquisite white linen service offers you and your guests, from 10 to 300, the best in customer service and excellent food. business meetings rehearsal dinners wedding receptions sporting events family gatherings client development holiday parties employee appreciation dinners

What will you do with the $522 you could save with Esurance?* Call 1-888-752-0583 to get your fast, free car insurance quote.

“LEXINGTON’S PREMIER MEETING AND BANQUET FACILITY”

For more information, call Jennifer Burchett @ 859.335.6500 ext 105 LANSDOWNE SHOPPES 3373 Tates Creek Rd | www.bluegrasshospitality.com

*National average annual savings based on data from customers who reported savings by switching to Esurance between 1/1/10 and 5/19/10.

25

26

JULY 2013

WWW.BUSINESSLEXINGTON.COM

Who’sWho

New Hires & Promotions

Unified Trust Company, N.A. has hired Andrew Windsor as the new retirement investment analyst. Windsor will oversee the analysis, selection and monitoring of ERISA retirement plan investment options, as well as the asset allocation model portfolios for the retirement plan consulting group business. He will also serve on the Trust Investment Committee.

Unified Trust Company, N.A. has also named Michael Weiner as its new chief investment officer.

Weiner will be responsible for establishing and implementing investment policy, including research, policy development, asset allocation, mutual fund and separate account manager selection. This position leads the Trust Investment Committee for both the wealth management and the retirement plan consulting group business lines.

McBrayer, McGinnis, Leslie & Kirkland, PLLLC has announced that Masten Childers III and Philip C. Lawson have joined the firm as associates and will practice in the firm’s Lexington office.

Childers and Lawson have both joined the firm’s litigation department. Childers will focus his practice on insurance law, bank litigation and equine law. Lawson will be focusing on criminal defense and civil litigation.

Kentucky Employers’ Mutual Insurance has announced that Randy Garland has been named vice president of information technology and chief information officer. Jenny Whitis, SPHR has been appointed vice president of human resources. Paul Dillon has been promoted to director of special investigations. W. Kevin Ickes, Jr., has been promoted to director of legal services.

Kentucky American Water has announced that Brent O’Neill has joined the company as director of engineering. O’Neill will be responsible for providing professional engineering, planning, direction and coordination for capital investment projects; directing design, construction and maintenance of water and waste water assets; and ensuring quality, reliable and adequate water supply. O’Neill will relocate from Illinois.

Chris Ring has been named sales director at Ad-Venture Promotions, a Lexington-based firm specializing in promotional items, apparel, screen printing and embroidery.

Community Trust and Investment Company is has announced that Aprill E. Shepherd has been promoted to the position of relationship officer of institutional and retirement services. Shepherd’s responsibilities include the administration of institutional and qualified plan accounts. Her office is located at 101 North Main Street in downtown Versailles, Ky. King & Schickli, PLLC has announced that Zachary E. Derbyshire has recently joined the firm. Derbyshire will concentrate his practice in the areas of patent prosecution, patent litigation and trademark and unfair competition.

KLH Lexington has announced the additions of Cody Richardson as an electrical co-op and Justin York as a mechanical co-op.

Eastern Kentucky University has named Barry Poynter as vice president for finance and administration. Poynter brings 25 years of experience in higher education business and finance to the position, including the past eight at EKU. Gov. Steve Beshear has announced the appointment of Craig A. Potts as executive director of the Kentucky Heritage Council (KHC) and state historic preservation officer. He will oversee a staff of 20 whose responsibilities also include administering state and federal rehabilitation tax credit programs, the Kentucky Main Street Program, historic sites survey, the National Register of Historic Places, preservation planning, the Certified Local Government (CLG) Program, and staff support for the Kentucky African American, Kentucky Native American and Kentucky Military heritage commissions.

AT&T has announced that Brad McLean has been appointed to the position of director of external and legislative affairs for AT&T Kentucky. In his new position, McLean will oversee the company’s local, state and federal government relations efforts in the Commonwealth.

Kudos Lafayette High School student and Lexington arts advocate Virginia Newsome has been awarded the Prudential Spirit of Community Award. She is one of 10 to receive the award for community service at a May event at the U.S. Chamber of Commerce.

She earned the title of National Honoree, along with a personal

EMPLOYMENT NEWS AND AWARDS IN OUR COMMUNITY

WINDSOR

WEINER

CHILDERS III

LAWSON

O’NEILL

RING

RICHARDSON

POYNTER

POTTS

NEWSOME

SMITH

MCMANIGLE

FEDYNIAK

BAUGHMAN

award of $5,000, an engraved gold medallion, a crystal trophy for her school, and a $5,000 grant from The Prudential Foundation for a nonprofit charitable organization of her choice.

The Hospice Care Center, located in St. Joseph Hospital and operated by Hospice of the Bluegrass, has been named a 2013 Hospice Honors recipient

by Deyta. The award recognizes hospice agencies providing the best patient care as rated by the patient’s caregiver.

Bank of the Bluegrass and Trust Co. has been named in the top 15th percentile of community banks by Seifried & Brew LLC, a community bank risk management firm.

Toyota Motor Manufacturing, Kentucky, Inc. honored its top volunteers during the company’s annual Volunteers In Place recognition ceremony. Dorothy McManigle was named Volunteer of the Year for her work with the Kentucky Horse Park Foundation. Other award winners are: David Burke, Ron Holbrook, Billy Wells, Carla Wright, Amy Crowe, Howard Taylor, Bethany Giordano, Pat Malesick, James Paul Switzer and Jason Jacob.

Donna Smith, CPA, has been selected as the Kentucky Financial Services Advocate of the Year. The award is one of several sponsored by the U.S. Small Business Administration and honors outstanding contributions and achievements of entrepreneurs.

Creative Lodging Solutions, a Lexington-based corporate lodging provider, has been named a finalist in both the Fastest Growing Company of the Year and the Customer Service Team of the Year categories in the 2013 American Business Awards. Ultimately, the company will be a Gold, Silver, or Bronze Stevie Award winner in the program. The American Business Awards will be presented in Chicago in June.

Isaac Fedyniak, a member of the engineering team at Big Ass Fans, has been named as a winner of Consulting-Specifying Engineer’s 2013 40 Under 40 Award. This list is published annually, recognizing building industry professionals age 40 and younger.

Bingham Greenebaum Doll LLP has been selected as the winner of the 2013 Corporate INTL Magazine Legal Award for Corporate Tax Law Firm of the Year in Kentucky. Corporate INTL’s annual awards mark excellence for the world’s leading advisors and financiers.

Video Editing Services has received three awards for online programming in the 34th Annual Telly Competition, selected from nearly 11,000 entries from all 50 states and numerous countries.

Awards were presented in the Internet/online program category.

“Advance KY: Laying the Foundation” is a professional development program produced in cooperation with Liz LaVigne from the Kentucky Science and Technology Corporation. “Live” is a web-based marketing video created for the IdeaFestival in co-

operation with Barbara Flexter.

“Bluegrass History and Heritage” is a tourism program created for the Lexington Convention and Visitors Bureau in cooperation with Mary Quinn Ramer.

Brett Construction Company has been named one of the nation’s top metal builders by Metal Construction News, the nation’s leading news magazine for the metal construction industry. For 2012, Brett Construction Company moved up in rankings for both total square footage and tonnage. In one year, Brett Construction Company advanced seven spots to become the nation’s 28th largest metal construction builder by square footage and advanced 14 spots to become the nation’s 39th largest metal construction builder by tonnage.

Bingham Greenebaum Doll LLP attorney Brent R. Baughman has been awarded the 2013 Bruce K. Davis Bar Service Award by the Kentucky Bar Association. The award expresses appreciation and respect to the recipient for his or her personal, professional and financial support of the association. All members of the association are eligible to be nominated for the award in any given year, with the exception of current officers and members of the Board of Governors.

Subaru of America announced that Quantrell Subaru has received the 2013 Subaru Stellar Care Award. The Subaru Stellar Care Award is earned by top ranking Subaru dealers who deliver an exceptional ownership experience to our customers. BL

Who’s Who For You?

TO SUBMIT YOUR WHO’S WHO NEWS EMAIL A PRESS RELEASE AND PHOTO TO INFO@BIZLEX.COM

FL ASH IN THE PAN PROUDLY INTRODUCES

Enjoy your music, photos and videos on your big-screen TV in FULL HD. OnScreen transforms your iPhone or iPad into a personal media server, allowing you to stream to your television wirelessly.

Debuting in the Apple App Store’s Top 50 Photo & Video List.

Do you have an idea for an iPhone, iPad or Android app?

Contact Flash in the Pan today to make your idea a reality.

Flash in the Pan STUDIOS

Call 396.8176 or email chris@flashinthepanstudios.com • www.flashinthepanstudios.com

THEIR STORY INVOLVES BRIDES, BLUEBERRIES AND NATURAL GAS. WHAT’S YOURS? When people in Kentucky are looking to make a special occasion truly special, they turn to Advantage Linen Inc. and its owner John Van Nagell. Advantage Linen is always curious about serving customers better – even installing an eco-friendly washing system that saves on water and natural gas while still delivering crisp, clean tablecloths that make wedding planners swoon.

At Fifth Third Bank, we’ve stayed curious with John every step of the way, listening, understanding and helping him achieve a greener way to get those whites even whiter.

Learn more about Advantage Linen’s curious business and share your own story at 53.com/curiosityatwork.

Fifth Third Bank. Member FDIC.