JobsOhio to share year-to-date metrics
JobsOhio, the state’s private nonprofit economic development firm, will present its year-to-date metrics, marketing plans and highlights of recent economic research data on July 17 at the Ohio Economic Development Association’s mid-year briefing near Columbus.
The event will be held from 10 a.m. to 2:15 p.m. at the Marriott Columbus Northwest, 5605 Blazer Parkway in Dublin. It is open to both OEDA members and non-members.
The Ohio Development Services Agency will address tax changes and what local economic developers should know to capitalize on the benefits to small businesses and use these changes as a selling point for development.
Bricker & Eckler LLP will present a legislative update, including the outlook for when the Ohio General Assembly returns from recess.
Registration is $40 for OEDA members; and $50 for non-members. For more information, visit the website at www.ohioeda.com. DAVE LARSEN
Vectren to sell coal mining subsidiary
Vectren Corp. has reached an agreement to sell its wholly-owned coal mining subsidiary, Vectren Fuels Inc., company officials announced.
Vectren will sell the subsidiary to Sunrise Coal LLC, an Indiana-based wholly-owned subsidiary of Hallador Energy Co., which owns and operates coal mines in the Illinois basin.
Headquartered in Evansville, Ind., Vectren Fuels owns three underground coal mines in southwestern Indiana that collectively employ about 850 contract miners.
Officials said the sales price is $296 million in cash, plus an estimated $20 million change in working capital from Dec. 31, 2013, until the transaction is closed. Closing is expected in the third quarter of 2014.
Vectren Energy Delivery of Ohio serves 315,000 customers in 17 counties in west-central Ohio. DAVE LARSEN
Subaru recalls 660K for brake line rust
DETROIT — Subaru is recalling more than 660,000 cars and SUVs because the brake lines can rust and leak fluid, and that can mean it will take longer to stop the vehicles.
For about half the vehicles, it’s the second recall for the same problem. Affected are 2005 through 2009 Legacy and Outback, the 2008 through 2014 Impreza and the 2009 through 2013 Forester.
It covers vehicles sold or registered in several states, including Ohio and Indiana.
The company says in documents posted Thursday by the U.S. National Highway Traffic Safety Administration that salty water can splash onto the brake lines through a gap in the fuel tank protector, causing rust. If they leak fluid, it could take longer to stop the car. WIRE REPORTS