July 23, 2014 at 2:10 p.m.
April permits top $1.3 million
Business Roundup
Building permits were issued for more than $1.3 million in new construction in April in Jay County. The largest project was a pair of confined feeding buildings for turkeys being built by Brad Mann at 4513 E. 600 South.
The other big project is a $250,000 general remodeling of the Walmart Supercenter in Portland.
Other permits were issued to Jake R. Schwartz for a $10,000 barn at 7436 N. 200 East, Dewayne Boggs for a $30,000 pole building at 4778 E. 600 North, Vernon Muhlenkamp for a $60,000 barn at 7827 E. 600 North, Carla Loy for a $20,000 storage building at 8329 N. 400 East, and Randy Davidson for a $25,000 storage building at 5780 W. 500 North.
Also to David E. J. Wickey for a $30,000 barn at 7020 N. 200 East, Michael Schwieterman for a $2,000 barn addition at 3158 S. 100 West, Westgerdes Farms Inc. for a $40,000 building addition at 8870 E. 500 North, Simon L. Troyer for a $35,000 cattle barn at 8723 N. 250 East, Gail Reed for a $7,000 roof over a deck at 2644 S. U.S. 27, Dwight Dumoyer for an $8,000 lean-to at 2047 S. 500 West, and Spencer Apartments for an $1,800 awning at sign at 240 S. Meridian St., Portland.
Also to John Schisler Jr. for a $400 fence at 1007 N. Ben Hawkins Ave., Portland, Fred and Virginia Jackson for a $40 fence at 2029 S. Lutes Drive, Jeri Benedict for a $600 fence at 101 Meridian Heights, Portland, Jim Beeler for a $125,000 new home at 1370 N. 200 East, Ken and Janet Bantz for a $20,000 addition at 1220 E. Koch Drive, and Jay-Randolph Developmental Services for a $78,200 addition at 644 E. North St., Portland.
Also to William Jenkins for a $50,000 addition at 445 S. Broadway St., Pennville, Greg Whitenack for a $4,000 pole building at 1338 W. 200 South, Alex Williams for a $700 carport at Golden Age Village, Portland, Ronald Duncan for a $42,000 storage building at 10624 W. 200 South, Kevin Ranly for a $45,000 storage building and shop at 1567 N. 800 East, and Steve Fields for a $21,200 garage at 3489 S. 1150 West.
New ECI CEO
Mindy Kenworthy has been named the new president and chief executive officer of Energize ECI Inc., a regional economic development organization that includes Jay County.
From 2007 to 2013, Kenworthy was new business development director for the Indiana Economic Development Corporation. Most recently, she has been senior manager for indirect tax, tax credits and incentives for the accounting firm of Ernst and Young LLP.
She has also worked as a local economic development officer in Wayne and Blackford counties. She received her bachelor’s degree in business administration from Indiana University East and is a graduate of both the University of Oklahoma Economic Development Institute and the Indiana Economic Development Academy.
Declares dividend
Allegheny Technologies Inc., parent company of Portland Forge, has declared a quarterly cash dividend of 18 cents per share of common stock. The dividend is payable on June 18 to shareholders of record as of June 5.
Tyson sells interest
Tyson Foods Inc., parent company of Tyson Mexican Original of Portland, has reached an agreement with Renewable Energy Group to sell Tyson’s 50 percent ownership of Dynamic Fuels LLC.
The deal is contingent on REG’s announced agreement to acquire most of the assets of Syntroleum Corporation. The two transactions would give REG full ownership of Dynamic Fuels, which has a 75-million gallon per year renewable diesel biorefinery in Louisiana.
Tyson will receive about $18 million in cash at closing and up to $35 million in future payments over a period of up to eleven and a half years. REG will also fund repayment of about $12 million of Dynamic Fuels’ debt to Tyson at closing.
“Selling our interest in Dynamic Fuels to REG provides capital for Tyson to redeploy into other opportunities,” said Andrew Rojeski, vice president-renewable energy for Tyson in a prepared statement. “REG is a long-term customer of ours, buying fats, oils and greases to make renewable fuel, and we hope to continue that relationship.”
Big investment
Indiana has the highest per-capita investment by Japanese companies of any state in the U.S., Greater Fort Wayne Business Weekly reported this week.
Japan is also Indiana’s second-largest trading partner, the weekly reported, citing the Japanese embassy in Washington.
Japanese companies have invested $9.8 billion in operations in Indiana, creating 43,000 jobs.
Nestle fined
The Nestle USA plant in Anderson has been fined more than $69,000 by the Environmental Protection Agency, the Anderson Herald Bulletin reported this week.
The fines were in connection with failing to document required records.
To Tokyo
Toshikazu “Tony” Suzuki this week was named director of Indiana’s Japan office in Tokyo. A former Japanese trading company executive, Suzuki served as executive vice president at Precision Tools Service in Columbus, Ind., where he oversaw a joint venture with Toyo Corp.[[In-content Ad]]
The other big project is a $250,000 general remodeling of the Walmart Supercenter in Portland.
Other permits were issued to Jake R. Schwartz for a $10,000 barn at 7436 N. 200 East, Dewayne Boggs for a $30,000 pole building at 4778 E. 600 North, Vernon Muhlenkamp for a $60,000 barn at 7827 E. 600 North, Carla Loy for a $20,000 storage building at 8329 N. 400 East, and Randy Davidson for a $25,000 storage building at 5780 W. 500 North.
Also to David E. J. Wickey for a $30,000 barn at 7020 N. 200 East, Michael Schwieterman for a $2,000 barn addition at 3158 S. 100 West, Westgerdes Farms Inc. for a $40,000 building addition at 8870 E. 500 North, Simon L. Troyer for a $35,000 cattle barn at 8723 N. 250 East, Gail Reed for a $7,000 roof over a deck at 2644 S. U.S. 27, Dwight Dumoyer for an $8,000 lean-to at 2047 S. 500 West, and Spencer Apartments for an $1,800 awning at sign at 240 S. Meridian St., Portland.
Also to John Schisler Jr. for a $400 fence at 1007 N. Ben Hawkins Ave., Portland, Fred and Virginia Jackson for a $40 fence at 2029 S. Lutes Drive, Jeri Benedict for a $600 fence at 101 Meridian Heights, Portland, Jim Beeler for a $125,000 new home at 1370 N. 200 East, Ken and Janet Bantz for a $20,000 addition at 1220 E. Koch Drive, and Jay-Randolph Developmental Services for a $78,200 addition at 644 E. North St., Portland.
Also to William Jenkins for a $50,000 addition at 445 S. Broadway St., Pennville, Greg Whitenack for a $4,000 pole building at 1338 W. 200 South, Alex Williams for a $700 carport at Golden Age Village, Portland, Ronald Duncan for a $42,000 storage building at 10624 W. 200 South, Kevin Ranly for a $45,000 storage building and shop at 1567 N. 800 East, and Steve Fields for a $21,200 garage at 3489 S. 1150 West.
New ECI CEO
Mindy Kenworthy has been named the new president and chief executive officer of Energize ECI Inc., a regional economic development organization that includes Jay County.
From 2007 to 2013, Kenworthy was new business development director for the Indiana Economic Development Corporation. Most recently, she has been senior manager for indirect tax, tax credits and incentives for the accounting firm of Ernst and Young LLP.
She has also worked as a local economic development officer in Wayne and Blackford counties. She received her bachelor’s degree in business administration from Indiana University East and is a graduate of both the University of Oklahoma Economic Development Institute and the Indiana Economic Development Academy.
Declares dividend
Allegheny Technologies Inc., parent company of Portland Forge, has declared a quarterly cash dividend of 18 cents per share of common stock. The dividend is payable on June 18 to shareholders of record as of June 5.
Tyson sells interest
Tyson Foods Inc., parent company of Tyson Mexican Original of Portland, has reached an agreement with Renewable Energy Group to sell Tyson’s 50 percent ownership of Dynamic Fuels LLC.
The deal is contingent on REG’s announced agreement to acquire most of the assets of Syntroleum Corporation. The two transactions would give REG full ownership of Dynamic Fuels, which has a 75-million gallon per year renewable diesel biorefinery in Louisiana.
Tyson will receive about $18 million in cash at closing and up to $35 million in future payments over a period of up to eleven and a half years. REG will also fund repayment of about $12 million of Dynamic Fuels’ debt to Tyson at closing.
“Selling our interest in Dynamic Fuels to REG provides capital for Tyson to redeploy into other opportunities,” said Andrew Rojeski, vice president-renewable energy for Tyson in a prepared statement. “REG is a long-term customer of ours, buying fats, oils and greases to make renewable fuel, and we hope to continue that relationship.”
Big investment
Indiana has the highest per-capita investment by Japanese companies of any state in the U.S., Greater Fort Wayne Business Weekly reported this week.
Japan is also Indiana’s second-largest trading partner, the weekly reported, citing the Japanese embassy in Washington.
Japanese companies have invested $9.8 billion in operations in Indiana, creating 43,000 jobs.
Nestle fined
The Nestle USA plant in Anderson has been fined more than $69,000 by the Environmental Protection Agency, the Anderson Herald Bulletin reported this week.
The fines were in connection with failing to document required records.
To Tokyo
Toshikazu “Tony” Suzuki this week was named director of Indiana’s Japan office in Tokyo. A former Japanese trading company executive, Suzuki served as executive vice president at Precision Tools Service in Columbus, Ind., where he oversaw a joint venture with Toyo Corp.[[In-content Ad]]
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