This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Honeywell Announces The Opening Of "Honeywell Ibasho House" In Ofunato, Iwate





















OFUNATO, IWATE, Japan, June 13, 2013 /PRNewswire/ -- Honeywell (NYSE:HON) announced today the opening of the Honeywell Ibasho House, a community gathering place in Massaki-Cho, Ofunato City, Iwate Prefecture, dedicated to enriching the lives of elders affected by the Great East Japan Earthquake and Tsunami of 2011. Honeywell Chairman and CEO Dave Cote led the opening ceremony, joined by core project members and local dignitaries, including Mr. Kimiaki Toda, Ofunato City Mayor.

"Honeywell is committed to helping Japan rebuild this community in cooperation with our partners, the people in the community, and the city of Ofunato," said Cote. "As we express our appreciation and good will for the community on this opening day, it is our hope that the Honeywell Ibasho House will serve the region's elders with healthcare and social programs for generations to come."

"Currently about 32 percent of Ofunato's population is 65 years old or older," said Mayor Toda. "With all of the changes that have taken place in the Japanese culture since the earthquake, it is critical that we find resources to support our elders in their recovery while surrounded by a community of people of all ages."

The concept for the Ibasho House was developed by Dr. Emi Kiyota, a gerontology specialist and founder of Ibasho, a Washington, D.C.–based, not-for-profit organization, and built by funds from Honeywell Hometown Solutions, Honeywell's corporate social responsibility organization, and its Honeywell Humanitarian Relief Fund.

Other partners included international relief agency Operation USA, Social Welfare Corporation Tenjinkai, architect Professor Suguru Mori of Hokkaido University, and Itohgumi Ltd., an Ofunato-based construction company. The building uses reclaimed wood framing provided by local residents Mr. and Mrs. Ozawa. Its architecture reflects traditional Japanese house style with modern technologies designed to withstand earthquakes.

One of the unique approaches that the Honeywell Ibasho House embraces is the active participation and self-sustainability of the community elders, who now have a place to share their experiences and wisdom with younger generations, and feel at home again.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs