Carla Bailo

Carla Bailo is president and CEO of the Center for Automotive Research (CAR). She leads the overall mission, manages day-to-day business, and is the face for the automotive industry in several venues. CAR is an independent, nonprofit research body respected for unbiased reporting on issues related to highly automated vehicles, light weighting and materials research, powertrain and electrification, and business/government economic impact on the automotive industry.

Prior to CAR, she served as Ohio State University’s assistant vice president for mobility research and business development. In this role, she implemented the university sustainable mobility and transportation innovation, while integrating related research and education across Ohio State’s academic units. She also led Ohio State’s involvement as the primary research partner for Smart Columbus, a $140-million program to transform central Ohio into the nation’s premier transportation innovation region.

Bailo is the 2016-2018 vice president of automotive for SAE International, a global association of more than 138,000 engineers and related technical experts in the aerospace, automotive and commercial-vehicle industries.

Dickinson Wright Attorney Andrea Arndt to Speak at Phoenix Fashion Week

Dickinson Wright PLLC is pleased to announce that Attorney Andrea Arndt will be speaking at Phoenix Fashion Week on Thursday, October 5, 2017 at Talking Stick Resort in Scottsdale, Ariz.

Ms. Arndt will be giving a presentation entitled “Don’t Be Legally Naked – Protect Your Designs.” This seminar offers a basic guide to the fashion design process and the law to protect your work. It covers the steps any creative designer should take in order to stop somebody else from stealing or otherwise using your work without your permission. It also provides guidance on minimizing your risk of getting sued for using someone else’s work.

Phoenix Fashion Week is the leading fashion industry event in the Southwest. The organization’s mission is to bridge the gap between national and international designers, premier retailers and top fashion media. Through educational fashion seminars, year-round fashion events, and charitable partnerships, Phoenix Fashion Week is gaining rapid acclaim for its community-service efforts and for infusing world-class innovation into the Southwest. To learn more and to register, please click here.

Ms. Arndt is an Associate in the firm’s Troy office. She practices all aspects of intellectual property, including patents, trademarks, trade secrets, and copyrights. She also handles litigation, technology licensing, and transactional matters. She has worked in the intellectual property field for over 12 years, representing a wide range of clients from start-ups to Fortune 500 companies. Ms. Arndt is a member of the American Intellectual Property Association and the Michigan Intellectual Property Law Association. She received her B.S. in Biomedical Engineering from the University of Wisconsin and her J.D. from Marquette University Law School.

About Dickinson Wright PLLC
Dickinson Wright PLLC is a general practice business law firm with more than 450 attorneys among more than 40 practice areas and 16 industry groups. Headquartered in Detroit and founded in 1878, the firm has 18 offices, including six in Michigan (Detroit, Troy, Ann Arbor, Lansing, Grand Rapids, and Saginaw) and 11 other domestic offices in Austin and El Paso, Texas; Columbus, Ohio; Ft. Lauderdale, Fla.; Lexington, Ky.; Nashville and Music Row, Tenn.; Las Vegas and Reno, Nev.; Phoenix, Ariz.; and Washington, D.C. The firm’s Canadian office is located in Toronto.

Dickinson Wright offers our clients a distinctive combination of superb client service, exceptional quality, value for fees, industry expertise and business acumen. As one of the few law firms with ISO/IEC 27001:2013 certification, Dickinson Wright has built state-of-the-art, independently-verified risk management controls and security processes for our commercial transactions. Dickinson Wright lawyers are known for delivering commercially-oriented advice on sophisticated transactions and have a remarkable record of wins in high-stakes litigation. Dickinson Wright lawyers are regularly cited for their expertise and experience by Chambers, Best Lawyers, Super Lawyers, and other leading independent law firm evaluating organizations.

Chamber CEO Sandy Baruah appointed to Federal Reserve board in Detroit

Crain’s Detroit Business

Kurt Nagl

September 27, 2017

The Federal Reserve Bank of Chicago has appointed Detroit Regional Chamber CEO and President Sandy Baruah to its Detroit branch board of directors.

Baruah’s term, effective immediately, expires Dec. 31 and will be followed by an additional three-year term through 2020, according to a news release from the Detroit Regional Chamber.

Baruah, 51, replaces Fernando Ruiz, retired vice president and treasurer of Dow Chemical Co., who vacated his position on the board, Fed spokesman Dan Wassmann said via email.

In his new role, Baruah will be tasked with helping form national monetary policy and acting as a link between the Federal Reserve and the private sector, the release said. He will receive compensation for his service on the board.

“(Baruah) works extensively with Detroit business leaders and has keen insights regarding the economic pulse of the region,” Bob Wiley, manager of the Detroit branch, said in a written statement. “His views will help the board of directors provide (Federal Reserve Bank of Chicago) President Charlie Evans with a comprehensive view of economic conditions in Southeast Michigan.”

View the original article here.

Clayton & McKervey summarizes President Trump’s tax reform plan

Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, offered a summary of President Trump’s tax reform plan, announced today and titled A Unified Framework for Fixing Our Broken Tax Code. The summary was prepared by Suzanne Tuson, CPA, MST, a shareholder in the firm’s international tax services department.

In reviewing the proposed reforms for individuals and families, Tuson summarized the following key reforms:

• Create a larger “zero” tax bracket by increasing standard deductions to $24,000 married filing jointly and $12,000 for single taxpayers
• Consolidate current seven tax brackets to three brackets of 12%, 25% and 35%, but leave congress the option of creating an additional higher bracket for higher income taxpayers
• Repeal personal exemptions for dependents and increases the Child Tax Credit
• Increase income levels at which the Child Tax Credit begins phase out
• Make the first $1,000 of the Child Tax Credit refundable
• Provide a $500 non-refundable credit for non-child dependents
• Repeal Alternative Minimum Tax (AMT)
• Eliminate most itemized deductions, but retain tax incentives for home mortgage interest and charitable contributions
• Retain tax benefits that encourage work, higher education and retirement security
• Repeal death tax and generation skipping transfer tax

In reviewing proposed reforms for business, Tuson summarized the following key reforms:
• 25% Maximum tax rate applied to business income of small and family owned businesses conducted as sole proprietorships, partnerships and S corporations
• 20% Corporate tax rate
• Eliminate Corporate Alternative Minimum Tax
• Immediate expensing of the cost of new investments in depreciable assets other than structures made after September 27, 2017 for at least five years
• Limit deduction for net interest expense incurred by C corporations
• Eliminate Section 199 Domestic Production Deduction
• Retain Research and Development and Low-Income Housing Credits
• Modernize rules related to special tax regimes for specific industries
• 100% exemption for dividends from foreign subsidiaries (in which the U.S. parent owns at least 10%)
• Treat accumulated foreign earnings as repatriated under the transition to the new system
• Tax at a reduced rate and global basis the foreign profits of US multinational corporations

“Today’s news perhaps raises more questions than provides answers, but we expect further details and implications of the reforms will come to light over the next several days and weeks,” Tuson said.

About Clayton & McKervey
Clayton & McKervey is a full-service CPA firm helping middle-market entrepreneurial companies compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit


Chamber CEO Joins Roundtable Discussion on WDIV-4’s Flashpoint to Talk All Things Amazon

On Sunday, Sept. 25, WDIV-4’s Flashpoint centered its entire show on “The Amazon Chase.” Detroit Regional Chamber CEO and President Sandy Baruah joined Rock Ventures Principal Matt Cullen, Regional Transit Authority Interim CEO Tiffany Gunter, Oakland County Executive L. Brooks Patterson and Flashpoint host Devin Scillian to discuss how and why the Detroit region is a strong contender to be home to Amazon’s second headquarters.

The panel highlighted all the tremendous positives that the region has going in its favor – space, quality of life and the energy of a vibrant urban core, to name a few – all of which will be key factors for Amazon. “Detroit is an exciting place. It’s the comeback city. It’s the place of opportunity,” said Cullen.

Regional transportation and the need to attract and retain talent in the state was also discussed. In terms of the failed RTA ballot initiative, Gunter acknowledged that the ball has moved down the field in terms of progress around regional transportation. She added that plans are already underway on how RTA would tweak the next campaign. “Our region is ready for a change,” she said.

The roundtable panelists all agreed that under the leadership of Quicken Loans’ Dan Gilbert, the region would prepare and present a world-class proposal. “This is a great exercise in how much progress this region has made working collaboratively,” said Baruah. “I feel really good about where we are and how we’re doing this.”

The second segment of the program focused on how the proposal should look and featured Ignition Media Group Founder and CEO Dennis Archer Jr., Crain’s Detroit Business reporter Kirk Pinho and Detroit Creative Corridor Center Executive Director Olga Stella.

View the original article here.

Organic growth of Clayton & McKervey’s leadership talent is key to firm’s reputation for promoting women

Clayton & McKervey, an international certified public accounting and business advisory firm located in metro Detroit, founded its Women’s Network little more than one year ago to reinforce and build upon its high percentage of women shareholders and principals. This approach may seem contrary to the approach of most firms, who create women’s leadership-focused groups because of a dearth of women in firm leadership roles.

Suzanne Tuson, CPA, a shareholder with the firm and one of the leaders of the Women’s Network, says Clayton & McKervey’s leadership focus is more about talent than gender. “While our leadership pool includes a high number of women shareholders and principals relative to the profession, this is the result of organic growth and an emphasis on talent, and not an attempt to achieve gender balance,” Tuson said. “That being said, we recognize the importance of continuing the momentum of the last several years in promoting women and have made a concerted effort to stay on track. The Women’s Network gives us a framework to do just that.”

Tuson said Clayton & McKervey, which is ranked among the 300 largest public accounting firms in the nation as noted by Inside Public Accounting, places as much attention on leadership development as the Big 4 and national and larger regional powerhouses.

“In public accounting and business advisory firms, where an emphasis is placed not only on client engagements but professional development and new business activities, the empowerment of individuals with technical skills, marketing savvy and emotional intelligence is critical to creating and sustaining a strong leadership bench, regardless of gender,” Tuson said. “We view the Women’s Network as an added tool in fostering leadership development as a whole.”

Tuson’s co-leader, manager Katie Faysal, CPA, explained the mission, goals and topics addressed by Clayton & McKervey’s Women’s Network. “Our mission is to empower the career advancement of women within the firm through structured programming and environment enhancement. This mission supports the firm’s vision of seeing talented women maximize their potential,” Faysal said.

Clayton & McKervey Women’s Network Goals:

1. Increase access to role models
2. Improve and increase marketing opportunities
3. Provide education and support for career advancement
4. Enhance the culture of the firm to ensure the successful retention and recruitment of

The Women’s Network meets several times per year, with each meeting organized around one of three themes: success stories, marketing development and career advancement. The meeting goals are to provide a forum for women in the firm to gain access to others across departments; to promote organic growth of mentor/mentee relationships across departments; and to provide relevant information to help women advance themselves. The meeting formats include both large and small group discussion. All meetings place an emphasis on best practices, shared experiences, networking inside and outside of the accounting profession, and setting stretch goals.

In an August 2017 “Women’s Network Year in Review” survey, more than 65% of respondents cited the chief benefit of the network as “increased open dialogue and enhanced culture of the firm to support the recruiting, retention and support of women.” Beth Butchart, a manager at the firm, lauded the Women’s Network for bringing women together at all levels, across departments.
“I appreciate the opportunity to have authentic conversations, learn from one another and start building organic relationships to support each other and recognize the benefits of bringing our true selves to work,” she said.

For Rob Dutkiewicz, CPA, President of Clayton & McKervey, the Women’s Network was one of the first major internal firm initiatives he championed upon taking on the presidency in March 2016 following the death of firm co-founder Kevin McKervey.

“Planning for the Women’s Network was underway when I assumed the role as president. I knew how important it was to the firm to formally continue our leadership in encouraging women to maximize their potential, whether as a shareholder or in another position of increasing responsibility and authority,” Dutkiewicz said. “This group keeps us focused on retaining talented women – and men – while maintaining a positive trajectory for the future leadership of the firm.”

Clayton & McKervey is a firm of 70 people. Four of the firm’s nine shareholders are women, as is the Principal & Director of Assurance, Principal of Quality, Vice President of Operations and Director of Marketing. Four of the firm’s 10 managers are women.

About Clayton & McKervey
Clayton & McKervey is a full-service CPA firm helping middle-market entrepreneurial companies compete in the global marketplace. The firm is headquartered in metro Detroit and services clients throughout the world. To learn more, visit

Growth in Bank Lending to US Businesses Since the Credit Crunch just Over Half World Average, Hampering Return to Economic Growth

Bank lending to the private sector in the US is just 14 percent higher in the last year than it was before the financial crisis – compared to a global average of 24 percent – hampering the return to economic growth, reveals a new study by UHY, the international accounting and consultancy network.

According to UHY, in 2016 a total of $9.6 trillion was lent to businesses in the US – down from $8.4 trillion in 2008.

By contrast, on average across all the 24 countries studied around the world, private sector bank lending increased by 24 percent over the same period in absolute terms.

European economies generally are among the worst affected. Private sector bank lending was on average 25 percent lower last year than pre-credit crunch across the European countries studied, with a total of $12.2 trillion lent to those businesses in 2016 – down from $16.3 trillion in 2008.

UHY says that countries like Spain and Ireland which were hardest hit by the banking crisis are seeing the slowest recovery in private sector credit.

Bank lending to the private sector in Ireland is 69 percent below 2008 levels ($148 billion in 2016, down from $475 billion), while in Spain, it is 51 percent lower ($1.3 trillion down from $2.7 trillion).

Even in Germany, widely seen as the economic powerhouse of Europe, there was a 21 percent decrease, falling to $2.6 trillion last year from $3.3 trillion in 2008.

Eric Hananel, of UHY’s US member firm UHY Advisors, comments: “Almost a decade on from the global financial crisis, many US small and medium-sized businesses are still suffering from a shortage of credit.”

“As regulators have forced banks to shore up their balance sheets and reduce risk, many SMEs have found their access to lending severely curtailed. While some larger companies may have been able to get around this by accessing the bond market, smaller businesses are unlikely to have that option.”

“Without the capital expenditure they need to fund investment, businesses will struggle to capitalise on growth opportunities or drive innovation, ultimately risking losing ground to global competitors.”

“The US Government is increasingly looking to boost lending. As an incentive to accelerate business growth, as well as incrementally increase the amount of business borrowing, current efforts are underway to adjust the Foreign Tax Scheme to allow for the repatriation of foreign cash balances back to the US.”

G7 economies lag well behind BRICs
UHY adds that the G7 group of leading world economies is also lagging behind – while BRICs economies power ahead. On average, the G7 saw a 1 percent decrease in real terms over the period, whereas BRICs (Brazil, Russia, India, China) enjoyed an average increase of 209 percent.

China topped the UHY table, with bank lending to the private sector jumping 270 percent between 2008 and 2016.

Eric Hananel says, “It’s debateable whether the appetite to lend to BRICs and other emerging economies is sustainable, as debt levels increase while economic growth slows in countries like China. Scrutiny of companies’ ability to service their borrowing will be increasingly intense.”

“What’s more, if interest rates – particularly in the US – were to rise that could put the brakes on lending to both developed and emerging economies, as companies think twice about taking on more expensive borrowing.”

Amount of Bank lending to the private sector in USD

Country Bank lending to the private sector 2008 ($ billions) Bank lending to the private sector 2016 ($ billions) % Change from 2008-2016
China $4,570 $16,890 270.0%
BRIC $6,460 $19,940 208.9%
India $590 $1,100 97.7%
Brazil $690 $1,180 71.1%
Malaysia $240 $390 65.0%
Argentina $40 $60 54.9%
Canada $70 $1,710 45.5%
Mexico $120 $180 44.8%
Israel $140 $200 43.6%
Australia $1,250 $1,790 42.5%
New Zealand $200 $270 37.6%
World $39,520 $51,360 23.9%
Poland $220 $250 14.8%
Russia $610 $700 14.6%
US $8,380 $9,560 14.0%
Japan $5,240 $5,240 0.2%
G7 $25,540 $25,280 -1.0%
France $2,570 $2,300 -10.6%
Belgium $340 $290 -14.0%
Netherlands $1,060 $860 -19.2%
UK $2,870 $2,290 -20.3%
Italy $1,970 $1,560 -21.0%
Germany $3,330 $2,620 -21.4%
Denmark $670 $520 -21.6%
Europe $16,280 $12,220 -24.9%
Romania $70 $50 -26.3%
Spain $2,710 $1,340 -50.6%
Ireland $480 $150 -68.9%

Bank lending to the private sector as a percentage of GDP

Country % Change from 2008-2016
China 50.5%
Brazil 46.2%
Canada 45.1%
Russia 40.9%
BRIC 38.9%
Mexico 31.8%
Malaysia 30.2%
Poland 28.1%
Australia 14.7%
India 9.9%
Argentina 9.3%
France 8.8%
Japan 6.8%
Italy 4.8%
New Zealand 0.7%
Netherlands 0.2%
Belgium -1.6%
Israel -1.9%
World -3.5%
Denmark -7.5%
US -8.8%
UK -10.3%
Germany -12.1%
G7 -14.6%
Europe -16.9%
Romania -23.7%
Spain -32.5%
Ireland -69.1%

UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc. and its subsidiary entities. UHY Advisors, Inc. provides tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors.” UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP and UHY Advisors, Inc. are US members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHY international network. Any services described herein are provided by UHY LLP and/or UHY Advisors (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

About UHY, the network
Established in 1986 and based in London, UK, UHY is a network of independent audit, accounting, tax and consulting firms with offices in over 296 major business centers across more than 90 countries. Our staff members, over 7,660 strong, are proud to be part of the 16th largest international accounting and consultancy network. Each member of UHY is a legally separate and independent firm. For further information on UHY please go to

UHY press contact: Dominique Maeremans on +44 20 7767 2621 Email:

UHY is a full member of the Forum of Firms, an association of international networks of accounting firms. For additional information on the Forum of Firms, visit

UHY is an international association of independent accounting and consultancy firms, whose organizing body is Urbach Hacker Young International Limited, a UK company. Each member of UHY is a separate and independent firm. Services to clients are provided by the UHY member firms and not by Urbach Hacker Young International Limited. Neither Urbach Hacker Young International Limited nor any member of UHY has any liability for services provided by other members.

Federal Reserve Bank of Chicago Appoints Detroit Regional Chamber President and CEO Sandy Baruah to Detroit Branch Board of Directors

The Federal Reserve Bank of Chicago announced the appointment of Detroit Regional Chamber President and CEO Sandy Baruah to its Detroit branch board of directors, effective immediately. The term will expire December 31, 2017 and be followed by an additional three-year term from 2018 – 2020.

The Board of Governors in Washington, D.C. appoints three of the Detroit Branch directors, and the Federal Reserve Bank of Chicago’s Board of Directors appoints four additional Branch directors.

As a Detroit Branch director, Baruah will contribute to the formulation of national monetary policy, provide economic information to help inform the Board of Governors in Washington and act as a link between the Federal Reserve and the private sector.

The Detroit Board of Directors is made up of seven business leaders from across the Detroit region, including Detroit Regional Chamber board members Wright Lassiter III of Henry Ford Health System and Sandra Pierce of Huntington National Bank. Other directors include Chair Michael Seneski of Ford Motor Co., Joseph Anderson Jr. of TAG Holdings LLC, Linda Hubbard of Carhartt Inc. and Rip Rapson of The Kresge Foundation.

Baruah joined the Chamber in 2010. Prior to the Chamber, Baruah served President George W. Bush as administrator of the U.S. Small Business Administration (SBA) in Washington, D.C. and U.S. Assistant Secretary of Commerce.

In 2016, Gov. Rick Snyder appointed Baruah as chair of Michigan’s 21st Century Economy Commission.

Baruah also serves on the boards of the U.S. Council on Competitiveness, Automotive Hall of Fame, and Detroit Economic Club. He is a contributor to Harvard Business School’s U.S. Competitiveness Project, a Leadership Circle member of the George W. Bush Presidential Center in Dallas, Texas, and chairs the Great Lakes Metro Chambers Coalition. He is a former Advisory Board Member of Spain’s Institute of Competitiveness.

About the Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, D.C., make up the nation’s central bank. The Chicago Reserve Bank serves the Seventh Federal Reserve District, which encompasses the northern portions of Illinois and Indiana, southern Wisconsin, the Lower Peninsula of Michigan, and the state of Iowa.  In addition to participation in the formulation of monetary policy, each Reserve Bank supervises member banks and bank holding companies, provides financial services to depository institutions and the U.S. government, and monitors economic conditions in its district.

About the Detroit Regional Chamber

Serving the business community for more than 100 years, the Detroit Regional Chamber is one of the oldest, largest and most respected chambers of commerce in the country. The Chamber’s mission of powering the economy for Southeast Michigan is carried out through economic development, education reform, regional collaboration and providing valuable benefits to members. For more information, please visit

Amy Benner

Operations and Project Development Director, Research America Inc.

Amy Benner is an operations and project development director for Research America Inc. She is responsible for growing client relationships and the management of all market insights and strategy development initiatives.

Benner has more than 14 years of market research and strategic consulting experience across numerous industries including automotive, banking, consumer goods and services, education, entertainment, government, health care, legal and manufacturing. She guides all aspects of research studies for a diverse client base including Bosch, Caterpillar, Little Caesars, Plante Moran, Society of Manufacturing Engineers, Spartan Nash and the U.S. Veterans Administration.

Prior to Research America Inc., Benner worked as a project engineer in the automotive industry. She earned a bachelor’s degree in mechanical engineering from the University of Michigan and master’s degree in business administration with a marketing concentration from Oakland University.

Michael Brosseau

President, Brose North America

Michael Brosseau is the president of Brose North America. He previously served as vice president of sales for the company, supporting all North America customer activities. In 2006, Brosseau was named global vice president of sales for General Motors Co. and Daimler Chrysler. He also served global vice president of the Ford Business Unit for Brose. In this role, he was responsible for overseeing the global Ford door and latching systems from acquisition to launch. He was also charged with managing the North American Electric Motor Drives Team along with all key account activities interfacing with Ford Motor Co.

Brosseau serves on the CEO Council for the Original Equipment Suppliers Association and on the Steering Committee for MICHauto. Brosseau is an active proponent of education and industry collaboration. Partnering with regional nonprofit organizations, he seeks to promote interest in the dynamic, high-tech mobility industry amongst students and educators with the objective to align government, automotive and educational institutions to bridge the increasing Michigan talent gap.