April 21, 2017 at 8:46 p.m.

Innovation competition is today

Business Roundup

The public is invited to the Community Innovation Fair from 9 to 11 a.m. today at John Jay Center for Learning, 101 S. Meridian St., Portland.

Jay County High School students will be showcasing their innovations in competition for prizes. The awards ceremony is set for 11 a.m.

The event is sponsored by the Walmart Foundation in partnership with JCHS, the Jay County Chamber of Commerce and John Jay.



Big cuts

Wal-Mart has announced plans to slash its greenhouse gas emissions from its operations and supply chains between now and 2030.

The company this week unveiled “Project Gigaton,” setting a goal of reducing emissions by one gigaton by 2030. Company officials said that’s the equivalent of removing 211 million passenger vehicles from U.S. roads for one year.

“Through the years, we’ve seen that integrating sustainable practices into our operations improves business performance, spurs technological innovation, inspires brand loyalty, and boosts employee engagement,” Laura Phillips, Wal-Mart’s senior vice president for sustainability, said in a prepared statement.

“Our suppliers recognize the opportunity to realize those same benefits in their businesses,” Phillips added. “By working together on such an ambitious goal, we can accelerate progress within our respective companies and deep in our shared supply chains.”

To reach its goal, the company hopes to be supplied by 100 percent renewable energy and achieve zero waste targets globally.

The announcement received immediate praise from environmental organizations. The World Wildlife Fund has been working with the company on “Project Gigaton” already.



Healthy focus

CVS Pharmacy announced Thursday it will be re-designing its stores to focus more on health and healthier foods.

The company is rolling out changes to about 70 new and existing stores this year and plans to re-design several hundred more in 2018.

“We did a lot of research to understand how to best serve our customers as we began to reimagine our store experience and we found that people are thinking about their health differently and taking a more proactive approach to staying well,” Judy Sansone, senior vice president, said in a press release. “With that in mind, we crafted a new shopping journey, all in the name of better health.”

“Our new retail offerings leverage our deep expertise in health to enhance our customers’ shopping experience. The same guiding principles that led to the removal of tobacco from our stores extend to our commitment to deliver the most innovative health and beauty solutions,” a company official said.



Market honored

M&M Market has been honored by the Geneva Chamber of Commerce and Geneva Proud as Business of the Year.

Owners Mike and Mary Fields successfully moved the market from its downtown location to the former Harmon’s building on U.S. 27 on Geneva’s north side in 2016.



Trump uncertainty

Producers of ethanol and other renewable fuels are uncertain what to make of the Trump administration.

“Some of the Trump administration’s leaders have deep ties to the oil industry. The seismic political transition raises questions and concerns for the benefactors of a multi-billion-dollar industry that also happens to drive South Dakota’s economy,” the Rapid City, South Dakota, Journal reported.

The newspaper noted that Trump toured a POET biorefining plant in Iowa during the campaign but has given few comments on the future of ethanol.

“It’s always difficult to make a definitive statements about, ‘this is what the Trump administration thinks,’” Jon Schaff, a political scientist at Northern State University in Aberdeen, South Dakota, told the newspaper. “There seems to be a lack of discipline.”

At the moment the renewable fuels industry is pinning its hopes on the Congress-approved renewable fuel standards, and the president has given assurances that he supports those as written.



Clears hurdle

The Federal Reserve Bank and the Kentucky Department of Financial Institutions have given their approval to the merger of MainSource financial Group with FCB Bancorp of Kentucky, a move that sends the merger on to shareholders for approval of both corporations. The merger is expected to be complete sometime in the second quarter of 29017.



Opening soon

Berne’s farmers market will open for the season at 8 a.m. May 13.

The market, which features locally grown and produced items is located in the parking lot of First Mennonite Church across from the Muensterberg Clock Tower. For further information, contact Rod Lehman at (260) 589-2936.
PORTLAND WEATHER

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