July 23, 2014 at 2:10 p.m.
Portland chamber backs county-wide idea (02/03/07)
Business roundup
The board of directors of the Portland Chamber of Commerce voted at the Jan. 30 meeting to endorse the effort to create a county-wide Chamber of Commerce.
The directors agreed to move forward and commit to active participation in the Jay County Chamber of Commerce Implementation Committee throughout 2007 with intentions of forming the Jay County Chamber in 2008.
Permits issued
Building permits with estimated construction values of $147,451 were issued in January by the Jay/Portland Building and Planning Department.
Permits were issued to Coca-Cola Bottling Co., 1617 N. Meridian St., Portland, for $35,000 for water tank storage; to Vernon Muhlenkamp, 7827 East 600 north, Bryant, for $30,000 for a grain bin; to Robert C. Lyons, 1653 East 650 South, Portland, for grain bins and a lean-to for $70,000; to Eric and Jani Siegrist, West Division Road, Dunkirk, for intent to build two confined feeding buildings; Toby Schwartzentruber, 8343 North 700 East, Bryant, out building for $2,000; Kirk Reed, west of North West St., New Corydon, two greenhouses for $451; and to Richard Scholer, 6627 Walnut Corner Road, Pennville, for a garage for $10,000.
Permits were also issued to Dru Hall, 940 N. Meridian St., Portland, for an occupancy permit for Jay County Pawnbrokers; to Roger Locker, 203 W. McNeil St., Portland, special exception; David Daniels, 1204 W. Votaw St., Portland, a variance; and to Eugene M. and Jane A. Gillum, 1204 W. Votaw St., Portland, for a map change.
Davis honored
Rep. Bill Davis (R-Portland), was one of six state legislators honored during the Indiana Chamber's Small Business Leaders and Legislative Champions luncheon, held Tuesday in Indianapolis.
The six legislators were selected for their dedication to bettering Indiana's business climate for small employers.
During the luncheon, Quality Thermoplastic Resins (QTR), an Evansville-based provider of custom compounding of recycled plastics for the automotive industry, was named Indiana's 2007 Small Business of the Year.
Earnings reported,
acquires corporation
Old National Bancorp has reported earnings of $17.5 million, or 27 cents per share, for the fourth quarter of 2006. This compares with earnings of $21.0 million or 32 cents per share, in the third quarter of 2006 and $19.5 million or 28 cents per share, in the fourth quarter of 2005.
For the 12 months ended Dec. 31, both earnings from continuing operations and net income were $79.4 million, or $1.20 per share, as the bank had no discontinued operations to report for 2006.
Additionally, the bank, which has a branch in Portland, announced this week that it has completed its acquisition of St. Joseph Capital Corp., Mishawaka.
With almost $500 million in assets, St. Joseph Capital Corp. was the Northern Indiana based holding company for 10-year-old St. Joseph Capital Bank.
Petoskey receives loan
Petoskey Plastics, a Michigan-based plastics manufacturer opening a satellite plant in the former Overhead Door factory in Hartford City, has received a $1 million, zero-interest loan from the Indiana Department of Environmental Management to fund expansion of the plant.
The IDEM funds are earmarked for recycling equipment, primarily for the repelletizing line, which will convert plastic scrap into pellets used for blown film excursion. The loan was in the works when the plant was announced in August.
James B. Eklund, vice president of operations of the plant, said production at the plant is expected to begin in February.
The plastics manufacturer is investing more than $8 million in the 280-000-square foot Hartford City facility. Overhead Door closed in 2000.
When fully operational the plant will result in about 48 jobs.
Hartford City is providing the company with a 10-year tax abatement on both real and personal property and up to $565,000 for off-site infrastructure improvements.
Headquartered in Petoskey, Mich., the company manufactures polyethylene film and bags for products ranging from automotive supplies to consumer products sold through major retailers.
Deadline approaches
The deadline for nominating a local student for the Leaders of Tomorrow program is Friday, Feb. 16.
"Indiana Leaders of Tomorrow," sponsored by Embarq and The Commercial Review, will recognize young leaders in grades nine through 12, for their leadership through community volunteerism, academic success and extracurricular activities.
Nomination forms are available via the Internet at www.leadersot.com or at The Commercial Review, located at 309 W. Main St., Portland.
All completed nomination forms should be sent to: Indiana Leaders of Tomorrow, c/o Embarq-Jack Moore, 110 N. Chauncey St., Columbia City, Ind. 46725.
Posts profit
Tyson Foods Inc. posted its first profitable quarter in a year, reporting a 46 percent increase in fiscal first-quarter profit despite rising feed prices, but the meat producer warned the diversion of corn from animal feed into fuel production could drive up food drives significantly at supermarkets and restaurants.
Tyson maintains the Mexican Originals operation in Portland.
According to the Wall Street Journal, the Springdale, Ark., company's net income of $57 million, or 16 cents a share, was above the average forecast by analysts surveyed by Thomson Financial for six cents a share.
Chief executive Richard Bond said, "The dramatic rise in corn prices has become a major issue for us and others in the food industry." He said that while Tyson supports efforts to increase the U.S.'s supply of renewable energy, "we must carefully consider the negative and unintended consequences of overusing grains."
In recent months, Tyson has launched a cost-reduction program that has led to plant closings and other consolidation efforts aimed at saving $200 million annually, according to the Journal.
Joins firm
Larry Wayne Owen, professional engineer, land surveyor, and president of Setser, Owen and Associates Inc., has announced his association with Brett R. Miller, RLS, Miller Land Surveying Inc., Monroe.
Owen and Jerry L. Setser, L.C., Decatur, formed Setser, Owen and Associates Inc., in June, 1974. Owen became sole owner of the firm in 1979. Since that time he has operated a private practice in civil engineering and land surveying in Adams, Wells, and Jay counties. Under this new association, the survey and engineering records of the firm are being acquired by Miller, who began Miller Land Surveying, Inc., in August, 2005.
Prior to starting his own practice, Miller worked with William Wemhoff, Land Surveyor, Decatur, and Stoody Associates, Land Surveyors, Bluffton, while earning his degree from Purdue University, Fort Wayne. He has experience in residential, commercial, construction staking, and topographic surveying, and site planning.
Looking for members
The Portland Area Chamber of Commerce will be conducting its annual membership campaign in the next few weeks with a goal of adding 20 new members.
The committee has sought out potential members to be a part of the local network which currently has 278 active members.
To become a member or for more information contact the chamber at (260) 726-4481.
Elected to board
Tammy Fox, executive director of State of the Heart Home Health and Hospice, has been elected to the board of directors of the Ohio Hospice and Palliative Care Organization. She was elected to the post by the members of OHPCO and joins 18 others serving on the board.
A resident of Greenville, Fox has been executive director for three years and has been with the local program for seven years.
State of the Heart, with offices in Greenville, Coldwater, and Portland, is one of more than 100 hospices in Ohio. The local non-profit is observing 25 years of service to the residents of Darke, Mercer, Auglaize, Preble, Jay and Randolph counties.
Licensed therapist
Lana S. Ranly, who is a dance, cheer and gymnastics instructor at Fort Fitness-N-More in Fort Recovery, has also been licensed by the Ohio State Medical Board as a massage therapist.
She is a 2004 graduate of Fort Recovery High School and a 2006 graduate of Dayton School of Medical Massage.
As a massage therapist she is providing medical massage, relaxation massage, joint movements and stretching, therapeutic massage, sports massage, pregnancy massage, facial massage, Swedish massage, herbal body wraps, and paraffin treatments.
To join green effort
Wal-Mart Stores Inc. chief executive officer, Lee Scott, has called on the retailer's suppliers and employees to aid its green campaign, including a request that suppliers eventually eliminate nonrenewable energy from their processes and products.
The request would call for suppliers to decrease their use of nonrenewable energy such as that generated by burning coal or gas. Wal-Mart pledges to eventually power its operations entirely with renewable energy sources such as wind and solar energy.
In another facet of the campaign, Wal-Mart will encourage its employees to adopt what it calls Personal Sustainability Projects this year. The program encourages Wal-Mart employees to embrace a cause in areas such as environmental sustainability or personal health, like starting an in-store recycling program or organizing weight-loss or smoking-cessation support groups.
As it expands its green initiatives, Wal-Mart is struggling with perpetuating its sales growth.[[In-content Ad]]
The directors agreed to move forward and commit to active participation in the Jay County Chamber of Commerce Implementation Committee throughout 2007 with intentions of forming the Jay County Chamber in 2008.
Permits issued
Building permits with estimated construction values of $147,451 were issued in January by the Jay/Portland Building and Planning Department.
Permits were issued to Coca-Cola Bottling Co., 1617 N. Meridian St., Portland, for $35,000 for water tank storage; to Vernon Muhlenkamp, 7827 East 600 north, Bryant, for $30,000 for a grain bin; to Robert C. Lyons, 1653 East 650 South, Portland, for grain bins and a lean-to for $70,000; to Eric and Jani Siegrist, West Division Road, Dunkirk, for intent to build two confined feeding buildings; Toby Schwartzentruber, 8343 North 700 East, Bryant, out building for $2,000; Kirk Reed, west of North West St., New Corydon, two greenhouses for $451; and to Richard Scholer, 6627 Walnut Corner Road, Pennville, for a garage for $10,000.
Permits were also issued to Dru Hall, 940 N. Meridian St., Portland, for an occupancy permit for Jay County Pawnbrokers; to Roger Locker, 203 W. McNeil St., Portland, special exception; David Daniels, 1204 W. Votaw St., Portland, a variance; and to Eugene M. and Jane A. Gillum, 1204 W. Votaw St., Portland, for a map change.
Davis honored
Rep. Bill Davis (R-Portland), was one of six state legislators honored during the Indiana Chamber's Small Business Leaders and Legislative Champions luncheon, held Tuesday in Indianapolis.
The six legislators were selected for their dedication to bettering Indiana's business climate for small employers.
During the luncheon, Quality Thermoplastic Resins (QTR), an Evansville-based provider of custom compounding of recycled plastics for the automotive industry, was named Indiana's 2007 Small Business of the Year.
Earnings reported,
acquires corporation
Old National Bancorp has reported earnings of $17.5 million, or 27 cents per share, for the fourth quarter of 2006. This compares with earnings of $21.0 million or 32 cents per share, in the third quarter of 2006 and $19.5 million or 28 cents per share, in the fourth quarter of 2005.
For the 12 months ended Dec. 31, both earnings from continuing operations and net income were $79.4 million, or $1.20 per share, as the bank had no discontinued operations to report for 2006.
Additionally, the bank, which has a branch in Portland, announced this week that it has completed its acquisition of St. Joseph Capital Corp., Mishawaka.
With almost $500 million in assets, St. Joseph Capital Corp. was the Northern Indiana based holding company for 10-year-old St. Joseph Capital Bank.
Petoskey receives loan
Petoskey Plastics, a Michigan-based plastics manufacturer opening a satellite plant in the former Overhead Door factory in Hartford City, has received a $1 million, zero-interest loan from the Indiana Department of Environmental Management to fund expansion of the plant.
The IDEM funds are earmarked for recycling equipment, primarily for the repelletizing line, which will convert plastic scrap into pellets used for blown film excursion. The loan was in the works when the plant was announced in August.
James B. Eklund, vice president of operations of the plant, said production at the plant is expected to begin in February.
The plastics manufacturer is investing more than $8 million in the 280-000-square foot Hartford City facility. Overhead Door closed in 2000.
When fully operational the plant will result in about 48 jobs.
Hartford City is providing the company with a 10-year tax abatement on both real and personal property and up to $565,000 for off-site infrastructure improvements.
Headquartered in Petoskey, Mich., the company manufactures polyethylene film and bags for products ranging from automotive supplies to consumer products sold through major retailers.
Deadline approaches
The deadline for nominating a local student for the Leaders of Tomorrow program is Friday, Feb. 16.
"Indiana Leaders of Tomorrow," sponsored by Embarq and The Commercial Review, will recognize young leaders in grades nine through 12, for their leadership through community volunteerism, academic success and extracurricular activities.
Nomination forms are available via the Internet at www.leadersot.com or at The Commercial Review, located at 309 W. Main St., Portland.
All completed nomination forms should be sent to: Indiana Leaders of Tomorrow, c/o Embarq-Jack Moore, 110 N. Chauncey St., Columbia City, Ind. 46725.
Posts profit
Tyson Foods Inc. posted its first profitable quarter in a year, reporting a 46 percent increase in fiscal first-quarter profit despite rising feed prices, but the meat producer warned the diversion of corn from animal feed into fuel production could drive up food drives significantly at supermarkets and restaurants.
Tyson maintains the Mexican Originals operation in Portland.
According to the Wall Street Journal, the Springdale, Ark., company's net income of $57 million, or 16 cents a share, was above the average forecast by analysts surveyed by Thomson Financial for six cents a share.
Chief executive Richard Bond said, "The dramatic rise in corn prices has become a major issue for us and others in the food industry." He said that while Tyson supports efforts to increase the U.S.'s supply of renewable energy, "we must carefully consider the negative and unintended consequences of overusing grains."
In recent months, Tyson has launched a cost-reduction program that has led to plant closings and other consolidation efforts aimed at saving $200 million annually, according to the Journal.
Joins firm
Larry Wayne Owen, professional engineer, land surveyor, and president of Setser, Owen and Associates Inc., has announced his association with Brett R. Miller, RLS, Miller Land Surveying Inc., Monroe.
Owen and Jerry L. Setser, L.C., Decatur, formed Setser, Owen and Associates Inc., in June, 1974. Owen became sole owner of the firm in 1979. Since that time he has operated a private practice in civil engineering and land surveying in Adams, Wells, and Jay counties. Under this new association, the survey and engineering records of the firm are being acquired by Miller, who began Miller Land Surveying, Inc., in August, 2005.
Prior to starting his own practice, Miller worked with William Wemhoff, Land Surveyor, Decatur, and Stoody Associates, Land Surveyors, Bluffton, while earning his degree from Purdue University, Fort Wayne. He has experience in residential, commercial, construction staking, and topographic surveying, and site planning.
Looking for members
The Portland Area Chamber of Commerce will be conducting its annual membership campaign in the next few weeks with a goal of adding 20 new members.
The committee has sought out potential members to be a part of the local network which currently has 278 active members.
To become a member or for more information contact the chamber at (260) 726-4481.
Elected to board
Tammy Fox, executive director of State of the Heart Home Health and Hospice, has been elected to the board of directors of the Ohio Hospice and Palliative Care Organization. She was elected to the post by the members of OHPCO and joins 18 others serving on the board.
A resident of Greenville, Fox has been executive director for three years and has been with the local program for seven years.
State of the Heart, with offices in Greenville, Coldwater, and Portland, is one of more than 100 hospices in Ohio. The local non-profit is observing 25 years of service to the residents of Darke, Mercer, Auglaize, Preble, Jay and Randolph counties.
Licensed therapist
Lana S. Ranly, who is a dance, cheer and gymnastics instructor at Fort Fitness-N-More in Fort Recovery, has also been licensed by the Ohio State Medical Board as a massage therapist.
She is a 2004 graduate of Fort Recovery High School and a 2006 graduate of Dayton School of Medical Massage.
As a massage therapist she is providing medical massage, relaxation massage, joint movements and stretching, therapeutic massage, sports massage, pregnancy massage, facial massage, Swedish massage, herbal body wraps, and paraffin treatments.
To join green effort
Wal-Mart Stores Inc. chief executive officer, Lee Scott, has called on the retailer's suppliers and employees to aid its green campaign, including a request that suppliers eventually eliminate nonrenewable energy from their processes and products.
The request would call for suppliers to decrease their use of nonrenewable energy such as that generated by burning coal or gas. Wal-Mart pledges to eventually power its operations entirely with renewable energy sources such as wind and solar energy.
In another facet of the campaign, Wal-Mart will encourage its employees to adopt what it calls Personal Sustainability Projects this year. The program encourages Wal-Mart employees to embrace a cause in areas such as environmental sustainability or personal health, like starting an in-store recycling program or organizing weight-loss or smoking-cessation support groups.
As it expands its green initiatives, Wal-Mart is struggling with perpetuating its sales growth.[[In-content Ad]]
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