Junior Achievement Business Hall of Fame honorees, from left, are Sister Mary Reap, Sandy Insalaco Sr. and James Ballard. Thomas Medico, not shown, was named the Entrepreneur of the Year at the group’s dinner Thursday.Don Carey/the times leader
Junior Achievement of Northeastern Pennsylvania handed out awards Thursday during its annual Business Hall of Fame dinner, held at Genetti’s Best Western in Wilkes-Barre. James Ballard, Sandy Insalaco Sr. and Sister Mary Reap were inducted into the hall. Thomas Medico received the Entrepreneur of the Year award.
Ballard, now retired, operated seven McDonald’s restaurants in Hazleton and Stroudsburg starting in 1972 and until recently was managing member of a group of investors in hotel properties. He has been active in civic and charitable groups in the Hazleton area as well as the Ronald McDonald House Children’s Charities.
Insalaco served as chief financial officer of the family supermarket chain until it was sold in 1993. He is principal in Insalaco Development Group, which develops, owns and operates commercial real estate in three states. He also is president and CEO of Nature’s Way Purewater Inc., which bottles spring and purified water for major retailers. He has been a trustee of Misericordia University for 10 years and has served in volunteer positions with a variety of civic and nonprofit organizations.
Reap served for 19 years as president of Marywood University. During her tenure Marywood obtained university status and became the first in the region to offer a Ph.D program. She has served on state and national boards of educational associations and was president of the Middle States Association. She frequently writes and lectures about Catholic and general higher education issues.
Medico is president of Medico Industries, which employs more than 300 people in several divisions that include heavy-equipment sales, materials handling, recycling and manufacturing. The business was started in 1937 in Pittston by his father and four uncles and continues to be owned and operated by family members. A profile of Medico Industries will appear in Sunday’s business section.