By: Ken Finley, Sr. Rate Analyst, V+A Risk Services Have you been keeping track of your Ohio Bureau of Workers’ Compensation (BWC) premiums during these last couple of months? I have helped many employers get a handle on the moving parts that make up their BWC premiums. Remember, for this article, we are always talking about the State’s fiscal year that begins July 1. Here’s a brief summary of what is happening (much of it good)!
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USI Insurance Services Announces Agreement to Purchase Wells Fargo Commercial Insurance Business7/24/2017 VALHALLA, N.Y., June 27, 2017 – USI Insurance Services (“USI”) has entered into an agreement with Wells Fargo & Company (“Wells Fargo”) (NYSC:WFC), to purchase Wells Fargo Insurance Services USA (WFIS), which includes its Insurance Brokerage and Consulting, Employee Benefits and Property & Casualty national practices, along with Safehold Special Risk, Small Business Insurance, Student Insurance, Individual Health and Private Risk Management Insurance business lines. Terms of the transaction were not disclosed. The transaction is expected to close fourth quarter 2017, subject to, among other customary conditions, expiration or termination of the waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as amended.
By: Charlie Chambers, Lead Consultant, Small Business Development Center Working with small businesses since the recovery from the last recession I have noticed a disturbing trend. A number of small businesses have come to me seeking assistance that have made some serious mistakes that are really hard to overcome. One of the issues I see a lot is past due taxes. Both federal and State income tax and local property taxes. Business owners are surprised and disappointed to learn the banks and credit unions have little or no interest in loaning money to an individual that owes these back taxes. Think about it: If the business owner was unable to pay a tax liability, what makes the business owner think someone else will take the risk of not getting paid back?
By: Colleen Kardasz, Director Ohio SBDC Export Assistance Network
By: Tim Schneider, Manager Local Government Advocacy One of the largest Outdoor Refreshment Areas in Ohio went live Thursday, June 15 in downtown Toledo. The Downtown Outdoor Refreshment Area (DORA) allows patrons to carry an open beverage of alcohol outside in a designated cup provided at one of 24 participating restaurants, pubs and entertainment venues within a perimeter bounded by Lafayette, Adams, Erie and Summit Streets.
By: Matt Hoverman, Director of IT Consulting, Gilmore Jasion Mahler, LTD The clock is ticking. The deadline is just around the corner. Do you know if your company will be required to comply with the European Union’s new General Data Protection Regulation (“GDPR”)?
Ask yourself:
![]() Are you selling products to China, working with companies or entrepreneurs who want to sell to China, or even just thinking about selling products in the Asia Market? There is an event coming up in Detroit that you may be interested in! Gateway ’17 hosted by the Alibaba Group will be in Detroit June 20-21 at the Cobo Center. Alibaba is China’s largest online commerce company, and your gateway to tapping into the growing demand for U.S. products in China. Contributors: Frank and Amanda Viviano, Emily Dammeyer ![]() Frank and Amanda Viviano moved back to the Toledo Region from San Diego in 2015 to get involved with the family business, Bartz Viviano Flowers and Gifts, Inc. With stores located in Toledo and Oregon, the Vivianos are excited to join the family business, which has been serving the region since 1964. Both Amanda and Frank are actively involved in EPIC Toledo and have been since early 2016. They believe that EPIC Toledo plays a vital role in shaping the Toledo Region and they are proud to support the organization and be a part of the forward thinking energy in Toledo. By: Brian Dicken, Toledo Regional Chamber of Commerce Of the more than 1,800 businesses that have invested in the Toledo Regional Chamber of Commerce, more than 80 percent of them are small businesses. The Toledo Chamber understands that small businesses are the backbone of our local economy.
The Toledo Chamber supports small businesses in a variety of ways including hosting the Small Business Development Center, telling the story of the Toledo Region to attract and retain a talented workforce, providing opportunities to grow personal networks, and advocate on their behalf through the Advocacy & Public Policy (APP) department. Contributors: Tony Metzger & Emily Dammeyer You’ve likely seen their truck around town, or their colorful ads at Fifth Third Field and the Huntington Center. Known throughout the region as the “Official Printing Company of the Toledo Mud Hens and Walleye”, Metzgers is a legacy in Toledo. What was started as “Type House” by Norb Metzger in 1976, a small business in Toledo has now grown to a multi-generational, award winning, full service printing company.
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