February 25, 2023 at 4:39 a.m.
Nominations close Tuesday
Business roundup
Nominations close Tuesday
There are a few more days left to nominate those who make a difference in Jay County.
Jay County Chamber of Commerce is continuing to accept nominations for its annual Jay County Community Awards. The deadline to nominate is Tuesday.
Those interested in nominating can fill out a form online at form.jotform.com/230025403392141 or pick one up at the chamber office, 118 S. Meridian St., Portland.
Award categories are lifetime achievement, citizen of the year, business of the year, industry of the year, not-for-profit of the year, young professional of the year, Dunkirk Commitment to Community, small community commitment and innovator of the year.
Serving as intern
Fort Recovery High School graduate Cassidy Martin is serving as an intern for the university’s marketing and communication office this spring.
She is pursuing a degree in graphic design.
Training offered
ServSafe training will be offered at John Jay Center for Learning.
Training sessions are scheduled for 9 a.m. to 5 p.m. Monday as well as March 27 and April 24. For more information, call (260) 729-5525.
Grants awarded
Indiana Michigan Power recently announced $126,000 in grants to 11 organizations.
The grants included a $25,000 property development grant for the Town of Ossian in Wells county to develop a 13-acre build-ready site in its industrial park and a $2,500 initiative grant for Randolph County United for creating an economic development-focused podcast to spotlight community activities.
Property development grants are designed to “help identify and prepare properties for future business and industrial uses.”
“It has become increasingly crucial for communities to be fully prepared to market and be responsive to inquiries from businesses searching for a development ready site,” said Ashley Savieo, I&M director of economic development, in a press release.
Initiative grants seek to help economic development organizations launch new programs that “highlight the communities they serve and encourage business attraction and expansion.”
Celebrating 30
Totally Promotional of Coldwater, Ohio, is celebrating 30 years in business.
Tom and Paula Casad founded the company in Celina, Ohio, in 1993. It moved to Coldwater, in 2016.
The firm offers promotional items such as can coolers, table covers, cups, apparel and other products.
Cutting back
The Rochester Sentinel announced that starting Tuesday it will reduce print publication from five days to two.
The Sentinel will be delivered via mail on Wednesdays and Saturdays only. Online editions will be available on Tuesdays, Thursdays and Fridays.
“While we know more readers are seeking online delivery of their news in this modern age, this change is not because of that,” The Sentinel said in announcing the change. “It is necessitated by continually rising costs of printing supplies and transportation and by increasing postal costs.”
The newspaper, which was founded in 1858 and has a circulation of about 3,000, is owned by Paxton Media Group.
Tyson acquiring
Tyson Foods this month announced that it has signed an agreement to purchase Williams Sausage Company of Union City, Tennessee.
Williams has provided fresh and fully cooked sausage, bacon and sandwiches to retail and food service customers. It has about 500 employees.
“The addition of Williams Sausage Company aligns with our strategic intent of expanding our capacity to serve our customers,” said Tyson group president for prepared foods Stewart Glendinning in a press release. “We also look forward to welcoming Williams’ dedicated team members to the Tyson Foods family.”
Motherson to buy
Samvardhana Motherson International Limited recently told Money Control that its subsidiary, Samvardhana Motherson Automotive Systems Group BV, has reached an agreement to buy out French automotive supplier Faurecia’s stake in SAS Autosystemtechnik GmbH.
The purchase is valued at $577.5 million.
SAS provides assembly and logistics services for the automotive industry.
Motherson chairman Vivek Chaand Sehgal told the publication that the purchase is part of a focus on electronic vehicles.
“With this acquisition, we will be even more diversified in our customer base and products,” Sehgal told Money Control. “This acquisition will transform Motherson Group to be a leading assembler of cockpits modules globally, with special focus on EV models.”
Motherson is the parent company of MSSL in Portland.
Posted loss
Becker’s Hospital Review reported today that Indiana University Health posted a $715 million net loss last year.
That’s down from a net gain of $861.5 million in 2021.
“Nationally, hospitals face financial challenges, exacerbated by the pandemic, which threaten to create unsustainable operating results for the industry,” IU Health senior vice president and CFO Jennifer Alvey said in a press release. “IU Health is determined to overcome these headwinds through disciplined fiscal stewardship, which includes restraining capital spending, optimizing our considerable resources, and driving efficiencies in operations.”
Jay County Chamber of Commerce is continuing to accept nominations for its annual Jay County Community Awards. The deadline to nominate is Tuesday.
Those interested in nominating can fill out a form online at form.jotform.com/230025403392141 or pick one up at the chamber office, 118 S. Meridian St., Portland.
Award categories are lifetime achievement, citizen of the year, business of the year, industry of the year, not-for-profit of the year, young professional of the year, Dunkirk Commitment to Community, small community commitment and innovator of the year.
Serving as intern
Fort Recovery High School graduate Cassidy Martin is serving as an intern for the university’s marketing and communication office this spring.
She is pursuing a degree in graphic design.
Training offered
ServSafe training will be offered at John Jay Center for Learning.
Training sessions are scheduled for 9 a.m. to 5 p.m. Monday as well as March 27 and April 24. For more information, call (260) 729-5525.
Grants awarded
Indiana Michigan Power recently announced $126,000 in grants to 11 organizations.
The grants included a $25,000 property development grant for the Town of Ossian in Wells county to develop a 13-acre build-ready site in its industrial park and a $2,500 initiative grant for Randolph County United for creating an economic development-focused podcast to spotlight community activities.
Property development grants are designed to “help identify and prepare properties for future business and industrial uses.”
“It has become increasingly crucial for communities to be fully prepared to market and be responsive to inquiries from businesses searching for a development ready site,” said Ashley Savieo, I&M director of economic development, in a press release.
Initiative grants seek to help economic development organizations launch new programs that “highlight the communities they serve and encourage business attraction and expansion.”
Celebrating 30
Totally Promotional of Coldwater, Ohio, is celebrating 30 years in business.
Tom and Paula Casad founded the company in Celina, Ohio, in 1993. It moved to Coldwater, in 2016.
The firm offers promotional items such as can coolers, table covers, cups, apparel and other products.
Cutting back
The Rochester Sentinel announced that starting Tuesday it will reduce print publication from five days to two.
The Sentinel will be delivered via mail on Wednesdays and Saturdays only. Online editions will be available on Tuesdays, Thursdays and Fridays.
“While we know more readers are seeking online delivery of their news in this modern age, this change is not because of that,” The Sentinel said in announcing the change. “It is necessitated by continually rising costs of printing supplies and transportation and by increasing postal costs.”
The newspaper, which was founded in 1858 and has a circulation of about 3,000, is owned by Paxton Media Group.
Tyson acquiring
Tyson Foods this month announced that it has signed an agreement to purchase Williams Sausage Company of Union City, Tennessee.
Williams has provided fresh and fully cooked sausage, bacon and sandwiches to retail and food service customers. It has about 500 employees.
“The addition of Williams Sausage Company aligns with our strategic intent of expanding our capacity to serve our customers,” said Tyson group president for prepared foods Stewart Glendinning in a press release. “We also look forward to welcoming Williams’ dedicated team members to the Tyson Foods family.”
Motherson to buy
Samvardhana Motherson International Limited recently told Money Control that its subsidiary, Samvardhana Motherson Automotive Systems Group BV, has reached an agreement to buy out French automotive supplier Faurecia’s stake in SAS Autosystemtechnik GmbH.
The purchase is valued at $577.5 million.
SAS provides assembly and logistics services for the automotive industry.
Motherson chairman Vivek Chaand Sehgal told the publication that the purchase is part of a focus on electronic vehicles.
“With this acquisition, we will be even more diversified in our customer base and products,” Sehgal told Money Control. “This acquisition will transform Motherson Group to be a leading assembler of cockpits modules globally, with special focus on EV models.”
Motherson is the parent company of MSSL in Portland.
Posted loss
Becker’s Hospital Review reported today that Indiana University Health posted a $715 million net loss last year.
That’s down from a net gain of $861.5 million in 2021.
“Nationally, hospitals face financial challenges, exacerbated by the pandemic, which threaten to create unsustainable operating results for the industry,” IU Health senior vice president and CFO Jennifer Alvey said in a press release. “IU Health is determined to overcome these headwinds through disciplined fiscal stewardship, which includes restraining capital spending, optimizing our considerable resources, and driving efficiencies in operations.”
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