Nexus November 2011

NEXUS

Feature Story:Deadline Looming to Capitalize on 2010 Tax Relief Act Opportunities for Wealth Transfer4 7 calendar OF

eVenTS Don’t miss these important dates

13 neWS + aWardS

People in the News

15 neW MeMBerS

Who’s new at the Chamber

A monthly newsletter from the Saint Paul Area Chamber of Commerce

November 2011

IN tHIS ISSue >>

NEXUS | Saint Paul Area Chamber of Commerce2

In November your Chamber celebrates small business success by awarding five companies with Deubener Awards. In doing so, we recognize small businesses that best exemplify growth, innovation, and community engagement in the East Metro. This is a great time to remember that while we can rattle off the names of our largest corporate citizens across the community, it is our small members who are the bread and butter of our success, and that of the entire region.

Did you know that small businesses:

• Represent 99.7 percent of all employer firms.

• Employ just over half of all private sector employees.

• Pay 44 percent of total U.S. private payroll.

• Have generated 64 percent of net new jobs over the past 15 years.

• Hire 40 percent of high tech workers (such as scientists, engineers, and computer programmers).

• Produce 13 times more patents per employee than large patenting firms; these patents are twice as likely as large firm patents to be among the one percent most cited.

President’s Perspective

PRESIDENT’S PERSPECTIVE

by Matt Kramer

SPACC GRAPHIC STANDARDS GUIDE

MAIN APPLICATION

BUG/ICON APPLICATIONS BUG/ICON (FOR WEB USE ONLY) APPLICATIONS

SPACC FONTS EMAIL SIGNATURE(font: Helvetica NeueThin/Light)

2C logo: PMS 410 & PMS 7508 BW logo:

PMS 410 Black PMS 5435 PMS 7492 PMS 7508

Foote&Co.

SPACC PRIMARY COLOR SCHEME

pms 7508pms 410

uncoated

SPACC SECONDARY COLOR SCHEME

pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated

PRIMARYHUMANIST 521 BT

SECONDARYITC Caslon 224 Book/Italic

PC/WEB FONTSHelvetica Neue ThinHelvetica Light

First Name Last NameTitle

Address

Phone: XXX-XXX-XXXXDirect: XXX-XXX-XXXXCell: XXX-XXX-XXXXFax: XXX-XXX-XXXX

www.address.com


These statistics, from the US Small Business Administration, remind us that our small business members are making a difference in the local economy each and every day. Their success is our benefit, and our role is to trumpet as loudly as possible just how critical the small business sector is to Minnesota and indeed our nation. In a time of recession and hyper-competitive global competition, we cannot allow barriers to be erected that make doing business harder for any of our members. Your chamber will continue advocating for members, and more importantly, celebrating their success regardless of size.

Look for the results on this year’s Deubener Award recipients and finalists or better yet, join us in congratulating these companies!


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

PRESIDENT’S PERSPECTIVE


FEATURE STORY


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

Just more than a year remains for investors to make tax-advantaged gifts to future generations under the generous provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, “Tax Relief Act of 2010.” Most notably for Minnesotans, this act introduced dramatic increases in the lifetime gift and generation-skipping transfer (GST) tax exemptions.

Set to expire at the end of 2012, these provisions are considered to be among the greatest incentives to transfer wealth to future generations in the past several decades. Yet, many Twin Cities residents remain uninformed of the opportunities.

The following is an overview of the provisions of this act, and the opportunities you may want to consider. Your private wealth advisor will be able to help you determine how to maximize them for your individual financial situation.

Tax Exemptions Up to $5M, Rates Down

In a nutshell, the Tax Relief Act of 2010 raised exemptions for both the estate and lifetime gift tax, while lowering the estate tax rate – creating opportunities for wealthy individuals to transfer significant assets to heirs tax-free.

As a result of the Act, the lifetime gift tax exemption jumped from $1 million to an astounding $5 million — or $10 million for a married couple. Additionally, this tax exemption is now "portable,” meaning that the unused portion can be transferred to a decedent’s surviving spouse.

Also, a result of the Act, the estate tax rate is currently just 35 percent, with the first $5 million exempt – far lower than the previous rate of 55 percent on amounts more than $1 million that many anticipated. The exemption for GST taxes also increased from what many experts believed would be a $1 million amount to $5 million, with a top rate of 35 percent.

Deadline Looming to Capitalize on 2010 Tax Relief Act Opportunities for Wealth Transfer


FEATURE STORY


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

Gifting and Other Asset Transfer Options

A straightforward way to capitalize on the $5 million exemption is by making an outright gift of cash or assets to a generation skipping trust. This can be particularly effective when transferring assets expected to greatly appreciate in value, as this type of gift removes the asset from your taxable estate, and also removes all future appreciation from future estate taxes.

If you would like to make a gift of assets but need cash flow to meet ongoing spending needs, you could consider a sale to an Irrevocable Grantor Trust. This technique starts with funding an irrevocable trust with seed capital. The trust then uses that capital to buy assets from you on an installment basis. The assets sold back can be up to nine times the value of the gift. Because of the current $5 million exemption, the trust can now purchase up to $45 million in assets ($90 million per couple) – far greater than the previous $9 million limit when the exemption rate was $1 million – without triggering gift taxes. What this means for you is exponentially more assets transferred to future generations tax-free. Plus, you receive cash flow from the installment sale and a nominal interest rate determined by the IRS.

A Dynasty Trust is a type of generation-skipping trust that can literally last forever, and can be an effective tool for making lifetime gifts. With a Dynasty Trust, you can pass assets not only to your

children, but also to future generations. Although Minnesota has a rule limiting how long the assets can pass free from gift and estate taxes (current living person plus 21 years or 90 years from creation, whichever is longer) other states like Delaware and South Dakota allow assets to pass down to family members forever without being subject to gift or estate taxes.

Your lifetime gift exemption can also be used to create an Irrevocable Life Insurance Trust, which uses funds to purchase a life insurance policy that benefits your heirs – without exposure to gift, estate, or income taxes. Historically, a common issue with life insurance trusts was the inability to purchase a large enough policy to benefit future generations without triggering a gift tax. However, the exemption increase from $1 million to $5 million means – depending on their age – parents may now be able to purchase $50 million to $75 million worth of life insurance while remaining under the exemption level. Better yet, if a Dynasty Trust is used to purchase life insurance, the entire insurance benefit can be passed to future generations without ever triggering gift or estate taxes.

Note that you can make provisions to the trust that allow your children or future generations to receive income from the trust. So, if you like the thought of passing assets free of tax, but also want to provide family members with income, consider including provisions that enable access to the trust during your lifetimes.


FEATURE STORY


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

State Taxes Still In Play

Keep in mind that although the federal wealth transfer exemptions have been generously raised through the end of 2012, you may still face significant state taxes. While Minnesota does not have a gift tax, it does impose an estate tax. Your estate will pay estate taxes on all assets over $1 million at a rate of 6 to 24 percent. Thus, Minnesotans should include provisions in their wills or trusts to plan for the state’s estate tax.

Ultimately, the 2010 Tax Relief Act provided significant wealth transfer opportunities that have not been available for several decades. But time is running out, and because everyone’s financial situation is unique, it is important to speak with your private wealth advisor now to analyze the impact of the Tax Relief Act of 2010 on your assets and wealth transfer plan. Once the provisions expire, it could be many decades before we experience such tax-friendly opportunities again. You should also review any changes to your plan that may have tax, accounting or legal implications with your professional advisors.

Denver Gilliand is a Private Wealth Advisor with the Private Banking and Investment Group, a division of Merrill Lynch, Pierce, Fenner & Smith Incorporated, a registered broker-dealer, Member SIPC, and a wholly owned subsidiary of Bank of America Corporation. Neither Merrill Lynch nor its private wealth advisors provide tax, accounting or legal advice. The information in this article is not intended as tax advice and cannot be relied upon for the purpose of avoiding any tax penalties.

Denver can be reached at his office in Minneapolis at 612-349-7924 or [email protected].


Event Date/Time Location Description Sponsors

Third Annual Chamber Honors Gala -SOLD OUT

Thursday, November 35:30-8:30 p.m.

Landmark Center75 West Fifth Street,Saint Paul, 55102

At the Third Annual Chamber Honors Gala, we will honor five local businesses with Duebener Awards for outstanding achievement and distinguish two individuals whose leadership and volunteerism merit praise from our community.

This red-carpet, black-tie optional event will include valet service, hand-passed hors d’oeuvres, entertainment, good conversation and a champagne toast honoring our award recipients.

Two individuals will also be honored for their dedication to the Chamber and its members as Volunteer of the Year and Emerging Volunteer of the Year.

About the Deubener Awards In honor of Walter & Lydia Deubener, the Saint Paul Area Chamber annually presents Duebener Awards to five organizations that exemplify growth, excellence, risk, diversity and innovation. The Deubeners were the proprietors of a grocery store in downtown Saint Paul and invented the first shopping bag with handles, which increased the store’s business overnight. The couple eventually sold their store and established manufacturing facilities in Saint Paul, with sales in 1919 totaling one million bags.

DEUBENER AWARD SPONSOR:

CORPORATE SPONSOR:

DESIGN SPONSOR:

PRINTING SPONSOR:

CATERER:

CHAMPAGNE TOAST:

AFTER PARTY:

CONTRIBUTING SPONSORS: ARC Photography, AV for You, Comcast, Goff Public, Mall of

America, Midway Party Rental, Moore Costello & Hart P.L.L.P.,

University of St. Thomas, Wells Fargo

CALENDAR OF EVENTS

November 2011

11.11S M T W T F S

1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30


CALENDAR OF EVENTS

November 2011Event Date/Time Location Description Sponsors

Chamber U: Top Challenges of Sales Leaders and How to Address Them$10 Members$20 Non-Members

Wednesday, November 98-9 a.m.

Chamber of Commerce Center401 North Robert Street, Suite 150 Saint Paul, 55101

Did you know that 46% of organizations have an informal sales process that is learned by "tribal wisdom"?

Join us for an engaging presentation by Pivotal Advisors and learn how to effectively address the top challenges within your sales system. Pivotal Advisors will advise on how best to determine which people, processes, leadership style and technology are right for your organization and how to create a sales team that is supported by structure, process and strong leadership. Your sales leaders have more impact on sales performance than any other component of your organization - attend this presentation and walk away with tangible action items to implement immediately!

YPro in the Community: Bridging gaps, building networks

Thursday, November 105-7 p.m.

Bridging, Inc.1633 Terrace DriveRoseville, 55113

Join fellow young professionals as we help local nonprofit Bridging, Inc. bridge the gap between the "haves" and the "have nots." We'll work together at Bridging's Roseville warehouse to support its work in providing those transitioning from poverty and homelessness with furniture and other necessities. The evening will include a tour of the Roseville warehouse before we are led through engaging service projects.

We have just 25 spots available for this exclusive experience and hope you are able to join us - register today to secure your spot! This event will fill quickly!

We invite you to turn your complimentary registration for this event into a tax-deductible donation! Bridging is in constant need of mattresses, box springs and dressers. Items also welcomed:

- Household furniture - Dinnerware, Cookware, Bakeware, Drinkware & Utensils - Linens, Bedding, Towels, Pillows, Lamps & Small Appliances

11.11S M T W T F S

1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30


Event Date/Time Location Description Sponsors

Membership Meeting featuring Myles Shaver, University of Minnesota Professor$30 Member$50 Non-Member

Monday, November 1411:30 a.m.-1 p.m.

Como Park Zoo & Conservatory1225 Estabrook DriveSaint Paul, 55103

It is widely known that the Twin Cities is currently home to 19 Fortune 500 firms and that the prevalence of these headquarters is an important part of the business and broader community. But how does this compare to the rest of the country and how has it changed over time? Did you know that we've always been over-represented by Fortune 500 companies, but that the names and industrial sectors represented by those companies have changed dramatically over the years? Join us for an engaging presentation from Myles Shaver, University of Minnesota Professor at the Carlson School of Management.

About our speaker Myles Shaver is Professor of Strategic Management and Organization at the Carlson School of Management, University of Minnesota. Myles’ research interests revolve around corporate strategy choices and their impact on performance. In particular, his research focuses on the management and economics of international expansion as well as corporate expansion through diversification and mergers and acquisitions.

Social Reception at R.F. Moeller Jeweler$10 Members$20 Non-Members

Wednesday, November 305-7 p.m.

R.F. Moeller Jeweler2065 Ford Parkway, Saint Paul, 55116

Join us on November 30 for a Social Reception at R.F. Moeller Jeweler in Highland Park! Bonnie Holub, Chair of the 2011 Board of Directors, invites you out for a fun evening of networking! Meet fellow Chamber members and visit with old friends while enjoying fabulous food and drinks!

CALENDAR OF EVENTS

November 2011

11.11S M T W T F S

1 2 3 4 5

6 7 8 9 10 11 12

13 14 15 16 17 18 19

20 21 22 23 24 25 26

27 28 29 30

30 31


CBS Award

NEWS + AWARDS


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

Your Chamber and Moore, Costello & Hart partnered in 2005 to create a tradition called Celebrate Business Success.

This award honors those who provide leading examples of how members of the business community contribute to a shared vision of economic success throughout the Saint Paul/East Metro area.

At the Chamber’s October Membership Meeting, Mary White, Communication Executive, Employment Endeavors, LLC, accepted a Celebrate Business Success Award. Established in 2005, this women owned and operated company facilitates successful integration into the workforce for Deaf, DeafBlind, Blind, Low Vision and Hard-of-Hearing customers. (left to right: Monica Kelley, Moore, Costello & Hart, P.L.L.P.,

Mary White, Employment Endeavors, LLC)


Ribbon Cuttings

NEWS + AWARDS


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

New Horizons Computer Learning Centers2915 Commers Drive, Suite 500, Eagan 55121

Sprint by Choice1064 Grand Avenue, Saint Paul 55105


Ribbon Cuttings

NEWS + AWARDS


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

Wal-Mart10240 Hudson Road, Woodbury 55129

Wal-Mart1644 Robert Street South, West Saint Paul 55118


Ribbon Cuttings

NEWS + AWARDS


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

Minnetronix, Inc.1635 Energy Park Drive, Saint Paul 55108


NEWS + AWARDS


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

White Bear Lake-based HLB Tautges Redpath, Ltd. Promoted CPA Sarah Gengenbach to principal.

Baker Tilly Virchow Krause, LLP, Minneapolis, promoted Chris Little, Jennifer Stafford, Rebekah Martin, Amanda Goar and Ben Hanson to managers; Robert Cron to managing director, wealth management; Todd Simonette and Ryan Englestad to senior managers; and Nicholas Marshall to tax manager.

Humana Market Point, Minnetonka, promoted Dan Oftedahl to president of its Great Plains Commercial and Specialty Region.

Saint Paul-based Securian Financial Group Inc. promoted Jason Schuller to senior president of the new wealth management services unit at Securian Trust Co. The company also acquired Balboa Life Insurance Co. and Balboa Life Insurance Co. of New York from a Bank of America subsidiary.

Minneapolis-based Padilla Speer Beardsley won a regional Emmy for Best Commercial Campaign under the National Academy of Television Arts and Sciences’ Upper Midwest chapter.

Maplewood-based 3M Co. acquired GPI Group, a home-improvement product manufacturer in Oyonnax, France. The company’s Petrifilm Aqua

Coliform Count Plates received a performance validation from the Association of Official Analytical Chemists Research Institute.

Minneapolis-based Xcel Energy Inc. promoted Kent Larson to senior vice president of operations. Scott Wilensky to senior vice president and general counsel and Teresa Madden to senior vice president and chief financial officer. Xcel also named Michael Connelly as its senior vice president of strategy and planning.

St. Catherine University, Saint Paul, promoted Nicole Hines to director of corporate and foundation relations.

People, Awards and Company Notes


NEWS + AWARDS


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

Minnesota Public Radio/American Public Media, Saint Paul, promoted Nick Kereakos to vice president of technology and operations.

Minnetonka-based Opportunity Partners promoted Brian Pederson to vice president, operations/business services and Gregg Murray to senior vice president, sales and marketing.

ProAct Inc., Eagan, elected Jon Wilbrecht, principal of Wilbrecht Consulting, to its board of directors.

The March of Dimes Minnesota Chapter named Sarah Gutknecht, a pediatric nurse practitioner at Gillette Children’s Specialty Healthcare in Saint Paul, as this year’s

Distinguished Nurse of the Year. Two other Gillette nurses, Gail Busch and Jennifer Esser, also received recognition.

Ecolab Inc., headquartered in Saint Paul, will sponsor New York-based Nation’s Restaurant News magazine’s sixth annual Food Safety Symposium.

Saint Paul-based Regions Hospital’s palliative care program received accreditation and certification as a health care organization from The Joint Commission.

Imation Corp., Oakdale, acquired Sunnyvale, California-based IronKey’s security hardware business and received exclusive license to use the IronKey brand and its secure storage management systems.

Xcel Energy Center in Saint Paul now offers AT&T Wi-Fi for visitors.

Mahoney Ulbrich Christiansen Russ PA announced that Bonnie Russ, Partner, was named Non-Profit Director of the Year.

People, Awards and Company Notes


Ambrion, Inc.Employment ServicesMs. Sara Kendrick1660 South Highway 100, Suite 329Minneapolis, MN 55416www.ambrion.com

AT&TTelephones Wireless CommunicationMr. Bob Bass4300 Market Pointe Drive, Suite 350Bloomington, MN 55435www.att.com

Center for Ethical Business CulturesNonprofit OrganizationsMr. Bob Shoemake1000 LaSalle Avenue, TMH 331Minneapolis, MN 55403www.cebcglobal.org

CentroMarketing DigitalMr. Nick Lenhardt3900 Harriet Avenue South, Unit #2Minneapolis, MN 55409www.centro.net

Crowne Plaza Saint Paul RiverfrontHotels & MotelsMr. Art Zehnder11 East Kellogg BoulevardSaint Paul, MN 55101www.cpstpaul.com

Diana SefkowConsultants BusinessMs. Diana Sefkowwww.dianasefkow.com

EDS Builders, Inc.Construction ManagementMr. Doc Smith404A Saint Croix Trail NorthLakeland, MN 55043www.edsbuilders.com

Factory Direct Marketing LLCRetailMr. Henry WaddellPO Box 276Rosemount, MN 55068www.identitylockusa.com

Hilton Garden Inn St. Paul City CenterHotels & MotelsMr. John Jordan411 Minnesota StreetSaint Paul, MN 55101www.stpaulcitycenter.stayhgi.com

InvoltaComputer ConsultantsMs. Lisa Bodinewww.involta.com

Justin D. Sundberg, CPA LLCAccountants CPAs & LPAsMr. Justin Sundberg54 Cretin Avenue South, Suite 102Saint Paul, MN 55105www.sundbergtc.com

Minnesota Timberwolves & LynxSports EntertainmentMr. Jim Buffo600 First Avenue NorthMinneapolis, MN 55403www.timberwolves.com

new MeMbers


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

MEMBER CHECKLIST

• Attend Chamber 101

• Join our group on LinkedIn, become a Facebook Fan &

follow us on Twitter

• Take advantage of new member recognition at the

monthly Membership Meeting for the first

six months of your membership!

• Use your new member coupon at an event

• Offer a SPACC Savings coupon or take advantage

of one• Post your events on the Community Calendar

• Use the Chamber logo on your marketing materials

Welcome New Members!


Pladson EnvironmentalContractorsMs. Aimee Farrell2715 4th Street South East #20Minneapolis, MN 55414www.pladsonenvironmental.com

Prevent Child Abuse MinnesotaNonprofit OrganizationsMs. Karina Forrest Perkins709 University Avenue West Suite 234Saint Paul, MN 55104www.pcamn.org

Quinn & CoConsultants Government AffairsMs. Quinn Cheney1846 Montreal AvenueSaint Paul, MN 55116

Restaurant 11Restaurants11 West Kellogg BoulevardSaint Paul, MN 55101www.cpstpaul.com/dining.html

Sovran, Inc.Consultant TechnologyMr. Patrick Gibson2915 Commers Drive, Suite 100Eagan, MN 55121www.sovran.com

St. Paul Urban TennisNonprofit OrganizationsMr. Marc Miller1043 Grand Avenue #252Saint Paul, MN 55105www.sput.us

Windows on the RiverEvent CenterMs. Susan Strgar11 East Kellogg BoulevardSaint Paul, MN 55101www.cpstpaul.com

National American UniversitySchools Colleges & UniversitiesMr. Gene Muilenburg1550 West Highway 36Roseville, MN 55113www.national.edu

New Horizons Computer Learning CentersComputer Skills TrainingMs. Cammy Monnens2915 Commers Drive, Suite 100Eagan, MN 55121www.newhorizons.com

Padilla Speer BeardsleyPublic RelationsMr. Curtis Smith1101 West River ParkwayMinneapolis, MN 55415www.psbpr.com

Pivotal AdvisorsConsultants Business SalesMr. Mark Philion15815 Franklin Trail SE, Suite 400Prior Lake, MN 55372www.pivotaladvisors.com

new MeMbers


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com


Purchase Ad SpacePlace your product or service in front of motivated business professionals by advertising in the Chamber’s monthly e-newsletter, Nexus. Our readers share your commitment to the economic vitality of the Saint Paul/East Metro area. When you do business with other Chamber members, you help to maintain our area as a great place to live, work and do business.

Place your ad


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

Who you’re reaching:

• Over 13,000 business readers each month

• Decision makers – 52% are business owners

• Small to mid-size businesses - 81% of companies having <100 employees

• Internet users - 91% of Chamber members prefer to receive information online

For rate information and to purchase ad space, contact: Kelsey Siqveland 651.265.2791 [email protected]


MAIN APPLICATION





Foote&Co.


pms 7508pms 410

uncoated


pms 7492pms 5435

uncoated

pms 7508 pms 410

uncoated





Address


www.address.com

Bonnie Holub Chair of the BoardArcLight Technology Consulting

Susan Kratz Immediate Past ChairMoore, Costello & Hart, P.L.L.P.

Matt Kramer Secretary/TreasurerSaint Paul Area Chamber of Commerce

David Rom Finance & AuditPlatinum Bank

Scott BurnsGovDelivery

Sara Criger Chair-ElectSt. Joseph’s Hospital, HealthEast Care System

Bill FoussardWhite Bear Country Inn

Guy GilmoreSaint Paul Pioneer Press

Sherry HastingsFrauenshuh Companies

Bill KaphingXcel Energy Inc.

Vince MontgomeryTKDA

Dan ScottLeonard, Street & Deinard

Kris TaylorEcolab

Robin Torgerson3M

Susan WenzKSTC – Channel 45

Mark BagleyU.S. Bank

Kari CanfieldMidway Chamber of Commerce

Angela CraigSaint Jude Medical, Inc.

Zach Crain Moore, Costello & Hart, P.L.L.P.

Chris GeorgacasGoff Public

Morris GoodwinAmherst H. Wilder Foundation

Doug HennesUniversity of St. Thomas

Bill KavanaughSecurian Financial Group, Inc.

Craig LeipoldMinnesota Wild

Bill LentschDelta Airlines, Inc.

Tammy Mencel Minneapolis/Saint Paul Business Journal

Jaci Meyer State Farm Insurance – Jaci Meyer

Al PaulsonMarketplace Productions, LLC

Susan Rani Rani Engineering

Joe Richburg Keystone Computer Solutions

Tony SchwartzCORMARQ

Stuart SimekMeridian Management, Inc.

Steve SnellingSand Companies

Mark StutrudSummit Brewing Company

Craig TaylorUniversity of Minnesota

Beverly TurnerTravelers

Mike Zipko Goff Public

2011 BOARD OF DIRECTORS2011 EXECUTIVE COMMITTEE

Nexus is a monthly publication for the members of the Saint Paul Area Chamber of Commerce. The objective of Nexus is to inform and educate members of news and events in the Chamber and the Saint Paul/East Metro area. For more information about the Saint Paul Area Chamber of Commerce or to comment on Nexus, please call 651.223.5000 or visit our website at saintpaulchamber.com. We value your input, feedback and questions.

Produced/Edited by: Kelsey Siqveland Designed by: Concept Group Inc.NEXUS

© Copyright 2011 Saint Paul Area Chamber of Commerce. All rights reserved.Chamber of Commerce Center, 401 North Robert Street Suite 150, Saint Paul, Minnesota 55101Phone: 651.223.5000 Fax: 651.223.5119

Documents

Nexus November 2011