/Shopping Local Helps You And Norton Businesses

Shopping Local Helps You And Norton Businesses

Shopping Local Helps You And Norton Businesses

According to consumer data from 2011, 87 percent of polled shoppers believe that small businesses are a critical component to economic health in the U.S. That 87 percent is spot-on.

Small businesses employ nearly half of all private-sector workers and provide 42.9 percent (Read More)

Dentist Office Furthers Development On Cleveland-Massillon Road(((( Updated Photo Below Story))))

With new businesses cropping up on Norton’s portion of Cleveland-Massillon Road, more revenue and jobs are anticipated for the city. That’s a welcome sight for contractor Fred Zumpano of Zumpano Design & Construction.
Zumpano says that a new dentist office will be going up in the area, adding to the medical imprint along the road.
“Dr. Katrina Suckling will have her dentist office across the street from Grace Church,” said Zumpano.
“It’s a 2,900 square foot facility that will have all of the necessary technology for dentistry located within the space designed.”
The new office will replace the current property located on 1st Street NW.
The construction site is adjacent to the Digestive Wellness Center in Norton, which already has established itself as one of the better medical centers in the area. With the upcoming dentist office, an array of medical facilities will be advantageous to local residents.
“We’re excited about this project,” says Fred Zumpano, the contractor for the project.
“We knew this was going to be a catalyst for other medical offices in Norton and on Cleveland-Massillon Road in particular, so more trained professionals can work and live in the Norton area.”
Tim Brenner, a Branch Manager at Raymond James and Financial Advisor at Timothy Brenner and Associated say it’s good to see the land along Cleveland-Massillon being redeveloped for local businesses.
Brenner opened the new Raymond James Financial Office in Norton in September. The building served as the old Bishop Buick prior to its redevelopment.
That’s not the only new business that just opened its doors. Pizza Hut, which is adjacent to Brenner’s offices, opened in September.
Zumpano says that the dentist office, which is scheduled to open in early 2013, has the necessary qualities for providing its services.
“With the understanding of the utilities we have to put in place, we feel we have the conditions necessary to make sure this business works,” Zumpano explained.

“It’s terrific for us to see this. More people will be working and more people will see Cleveland-Massillon Road as a place for development and growth.”

10/27/2012 Updated photo

How small-business issues are shaping politics and policy.

The news for small businesses — not particularly surprising and not particularly good — in the Kaiser Family Foundation’s latest study of employer-sponsored health insurance is that the trend lines are unchanged. Costs continue to go up, and the number of companies offering insurance does not.

While across all employers, premiums for family coverage grew at the modest rate of 4 percent over the last year, small businesses faced an increase double that — the biggest annual increase in family plans since 2004. For individual coverage, small-company premiums increased 5 percent, which was also more than the increase in the broader market.

Some small-business owners have reported paying a larger share of employee insurance premiums as those costs have gone up, but that has barely registered on the Kaiser survey, which is conducted every year. This year, small companies (with fewer than 200 employees) paid 84 percent of premiums for individual coverage — more than large companies typically pay — and 35 percent for family coverage, a smaller share than at big companies.

But small employers are continuing to try to keep cost down in other ways. For example, they are still migrating to the cheapest plans. These are the high-deductible plans, often coupled with a savings arrangement, that are popular among conservative economists and policymakers. Increasingly, they are popular among small businesses, too. Since 2006, and especially since 2010, they have grown to cover nearly a quarter of all small-business employees, eclipsing every other kind of plan except so-called “preferred provider” coverage. (High-deductible plans are even more popular at large companies.) Deductibles are in fact rising for most employees — nearly half of covered employees at small companies in individual plans have a deductible above $1,000, and just over a quarter pay more than $2,000.

Despite all this, slightly more small companies — 61 percent — are offering health insurance this year, but that figure has been fairly stable since 2004. The small-business health care tax credit in the Affordable Care Act was meant to bolster that figure by inducing companies with the smallest and poorest-paid workforces to buy health insurance. (The credit is fully available to businesses with 10 or fewer employees with average wages below $25,000.) But it appears not to have moved the needle much. Health insurance coverage from companies with fewer than 10 employees suddenly spiked in 2010, for reasons that Kaiser couldn’t explain, but fell back in 2011 and holds steady in the latest survey. A similar bounce occurred among companies (of any size) with a preponderance of low-wage workers, but the subsequent decline was sharper — just 29 percent of those companies offer insurance now, a third fewer than did in 2008 and 2009.

Indeed, it may prove difficult to associate many of the findings in the Kaiser study with the Affordable Care Act. The changes made by the law that have already taken effect mostly took effect in 2010. In fact, Kaiser’s 2011 survey reported average premium increases between 8 and 9 percent over the 2010 coverage, the largest annual changes since 2005, although that study took care not to identify causes for them.

The big changes will come in 2014 (if the law isn’t repealed first). And there is one thing the new study tells us about those changes: more small businesses will be affected by them. In 2011, 72 percent of small companies offering insurance indicated that they had at least one health plan that was deemed “grandfathered” — that is, an existing plan that would not have to meet the law’s new standards. (Remember the promise the law’s advocates made that “if you like your plan, you can keep it”? This is what they were talking about.) This year, that share has fallen to 58 percent, and the proportion of small-company employees enrolled in a grandfathered plan has dropped, too, from 63 percent to 54 percent.

New Raymond James Financial Office Opens in Norton

Norton, Ohio is keeping one of its own.
Tim Brenner, an Investment Representative for the prestigious Raymond James Financial, is moving his office a few doors North down the street on Cleveland-Massillon Road in Norton. The building formerly served as Bishop Buick totally renovated,sits to the right of Norton High School. He has been with Raymond James for 18 years since his college graduation.
Brenner’s business is described as a ‘very holistic, financial planning firm.’ Their financial advisors work with customers from the beginning stages of their financial plan, which is expenses and income. They drive it to the investment side to make sure their liquidity is strong all the way into retirement planning. The company’s goal is to ensure their customers are able to successfully retire and enjoy life after they leave the work force.
“I own my practice here, it’s my book of business,” Brenner said. “A lot of firms that don’t own their book of business they work for that company, as an independent, I work for my client. My client is my first concern -not the company that’s on top of me. There is no product here that is a ‘Raymond James product’ and there is no such thing as ‘Raymond James fund.’ ”
Running a major corporation like Raymond James is a matter that is taken very seriously by its management staff and employees. Their two main responsibilities are following industry standards and the customer.
“There is a lot of oversight that goes into it,” Brenner said. “We make sure the company is staying compliant with industry standards, taking care of people’s financial situations and making sure they’re headed in the right direction.”
His company is comprised of various financial advisors and CPA’s. Much of the Raymond James Financial staff have mixed backgrounds.
“Luke used to be with Edward Jones and moved over to help my business here,” he said. “I have a lot of people who have worked in the industry, out of the industry that are helping us here.”
Brenner launched his new facility today by inviting many of his friends and clients to an open house catered by Pam Jones a well known Norton restaurateur.

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