Nickolas Otto in 1876 invented the four-stroke internal combustion engine in which in which combustion occurs (aka burning) inside the engine rather than in a separate furnace generating motive power by the burning of fuels such as petrol and oil.[i] Considering the fact that the $3.6 T global automobile industry[ii] for the most part still runs on oil in an internal combustion engine, Otto’s invention has had a pretty good run. Signs are that run is going to slow substantially and the global automobile industry is going to undergo a major transformation as the manufacture and sales of electric vehicles (EV) is on the rise.
The City of Delaware welcomes Cody Hatten as its new Economic Development Coordinator.
Hatten previously served in various capacities with the Lawrence Economic Development Corporation in Lawrence County, Ohio. His positions included Economic Development Specialist and Director of the Convention & Visitors Bureau.
The 2022 Ohio Basic Economic Development Course (OBEDC) is an intensive training experience for economic development practitioners, community leaders, local government officials and others committed to building healthy economies for their communities.
OEDA has two important sessions taking place in February, 2022 that will be of interest,
Two new loan programs have launched to help minority- and women-owned businesses grow and boost the Ohio economy.
The new Women’s Business Enterprise Loan Program and Ohio Micro-Loan Program were both priority initiatives of the DeWine-Husted Administration included in the 2022-2023 operating budget.