Some people make it to the top easily. Some are given a head start by being born into money. Born in 1958, Louis Chenevert, a Canadian businessman, has had neither. He has literally made his success in the manufacturing and financial services industries the old fashioned way – through hard work and through adhering to his own high code of conduct. From being in production management at General Motors, Chenevert is now an advisor for Goldman Sachs and the CEO of United Technologies (UTC).

Since manufacturing’s heyday in the United State during the 1950’s, well known brands like RCA, Zenith, Philco and Bethlehem Steel have all folded. But, United Technologies Corporation, a $63 billion dollar diversified manufacturing company located in Hartford, Connecticut, has stayed afloat and prospered as the shift to the service and technology age has taken shape. If not for Chenevert, this would not have been the case.

Karl Krapek, one of Chenevert’s business associate at General Motors, encouraged him to make a move into the burgeoning aerospace industry, noting that Chenevert’s experience with assembly lines, as well as his decisiveness and operational expertise, would be invaluable in that new setting. Krapek was right.

In 1999, after just a little time in the job, Chenevert became President of P&W, a large business unit of UTC, which now has 33,000 employees. P & W manufactures and sells aircraft engines to military and civilian companies worldwide. Chenevert’s gift of looking at situations anew and turning around organizations is what made P & W a big success. For example, Chênevert thought that the company could make money by elevating its geared turbofan (GTF) engine. After being named the Chairman of UTC in 2006 and investing $10 billion into the GTF engine, his vision became a reality. Today, the GTF engine powers more than 70 aircraft at 14 major airlines, and has cut emissions by 50% and fuel consumption by 16%.

Chenevert has weathered the storms and stayed the course, inspiring those working with him to do the same. His determination and business acumen has been an asset all along the way – and has made a huge difference in his life and the lives of many others.

http://www.yachtingmagazine.com/louis-chenevert-horizon-yachts-P105-design

Todd Lubar may be one of the many business leaders today who believe greatly in the potential of Baltimore to generate more jobs and promote an entrepreneurial culture among its residents. In an article released in Patch, we can read that Baltimore is not only known as the Charm City, but it’s also in the rise for becoming a perfect spot for start-ups to relocate. We can understand how this analysis has come up because of the recent data showing the current status of the business culture in Baltimore.

 

An analysis from Lubar also indicates that the old buildings in Baltimore are now being refurbished into hip living spaces today for the younger generation who might want to build a career in Baltimore. It also helps that there’s not yet an evident high cost of living in the city, making it more attractive for businessmen to move their operations in the city. Business leaders today also go for the option of building their enterprise in Baltimore because of the local government’s intensive support for a thriving business culture and a hiring system that attracts big talents around the area.

 

Lubar also believes that more families would be moving to Baltimore anytime soon. With more jobs coming into the city, there would be much improved in the public transportation of the city, making it more livable for any type of family.

 

In the Medium article that Lubar wrote, it’s also significantly revealed that Potomac is also another livable area that’s growing fast today. Retail establishments have been popping up in the area and have been helping the economy of Potomac. With such growing industry, more businesses will come together to provide even more fantastic opportunities to the job seekers in the region.

 

One big change or progress in the world of real estate in Potomac Area is, according to Lubar, initiated by the rise of the food chain complex called Cabin John Village. This food establishment showcases the best culinary options of Potomac and offers a lot of options for both the young professionals in the area and the new residents who have families there. Potomac used to be a quiet place. But now, Lubar is excited that there are many more options for the people in Potomac to enjoy the conveniences that mostly are just reserved for bigger and more mainstream cities.

 

About Todd Lubar

Todd Lubar went to Syracuse University and is a local resident of Maryland, Baltimore. He is also the President of TDL Global Ventures and offers his expertise and strong background in real estate sales to help clients and investors get most out of their investments. He is also an active volunteer in Baltimore and spends most of his time improving the communities in Baltimore.