Business and the Economy

12:57pm

Thu September 11, 2014
Business and the Economy

T-shirt Maker Plans New Plant in Northern Kentucky

Credit www.rcnky.com

A company that makes custom T-shirts used for organizations and fundraising campaigns is opening a new plant in Hebron, where it plans to create up to 299 new jobs and invest nearly $22 million.

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12:34pm

Mon September 8, 2014
Business and the Economy

Kentucky Receiving Funds to Help Exports

Credit www.kyexports.com

Kentucky is receiving a $300,000 State Trade Export Promotion grant to foster international trade among the state's small businesses.

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6:00am

Mon September 8, 2014
Business and the Economy

New Lexington Trade School Aims to Help Builders Recruit More Workers

left-Bruce Maybriar right-Todd Johnson
Credit Stu Johnson / WEKU News

A trade school associated with the Home Builders Association of Lexington officially opens Monday.  About 28 students will participate in heating, ventilation, air conditioning or carpentry classes at the Building Institute of Central Kentucky.

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4:40pm

Wed September 3, 2014
Business and the Economy

Electric Car Battery Research in Kentucky Moving Steadily Forward

Credit businessclimate.com

Kentucky could one day be home to a sizable electric car battery manufacturer.  That's according to Tony Hancock, Kentucky Argone Battery Center Director.  Hancock's comments come as five western states were battling it out to land Tesla Motors' $5 billion battery factory.  Tesla is expected to announce formally Thursday it's selected Nevada for its battery operation.

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4:36pm

Wed September 3, 2014
Business and the Economy

Blue Grass Station Welcomes Legislative Remedy to Meet Federal Defense Contractor Needs

Governor Beshear Visits Blue Grass Station for Ceremonial Bill Signing
Credit Stu Johnson / Weku News

    

The Blue Grass Station is taking advantage of a new law to help the complex better meet the needs of its federal agency customers. 

House Bill 318 was officially signed into law in March. Wednesday's ceremonial signing by the governor marks the real celebration for the facility.

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4:51pm

Tue September 2, 2014
Business and the Economy

UK and Aramark Partner to Boost Sustainable Ag in Kentucky

Credit kentucky.com

    

Kentucky farmers will likely benefit from the affiliation between the University of Kentucky and food delivery giant Aramark. 

Officials announced Tuesday a new project within the public-private partnership.

The "Food Connection" initiative at UK is backed by a $5 million investment by Aramark.  Officials say $1 million will be set aside to endow undergraduate and graduate internship and fellowships and $250,000 annually will be spread over 15 years for staff, programming, and research grants.

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4:08pm

Thu August 28, 2014
Business and the Economy

Workforce Development Plan Due in December to City Council

Credit bluegrass.kctcs.edu

Lexington city leaders are hoping to use workforce related data to design a new job placement strategy. 

Business and Education Network Director Billie Peavler updated Urban County Council members this week. Peavler says a report detailing workforce needs for 11 industries is expected later this year.  "This is really about identifying what our current labor pool is, what our future needs of our employers are and building that pipeline for that.  Attracting, retaining, and developing a skilled, educated, and talented workforce," said Peavler.

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8:15pm

Tue August 26, 2014
Business and the Economy

Lexington Leaders Still Mulling Over Expenses Tied to Suspended Rupp Arena Project

Credit Stu Johnson / Weku News

While the Rupp Arena project is on indefinite hold, Lexington city leaders still have expenses tied to the venture.  

Plans to renovate Rupp and build a new convention center were postponed earlier this year.  The decision came after the state general assembly turned down a request by project developers for $60 million. Project Manager Frank Butler's contract with the city runs through December of next year. 

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10:16pm

Thu August 21, 2014
Business and the Economy

Lexington's New Local Food Coordinator Lays Out Agenda to City Council

Credit kentucky.com

Increasing local food production in the Lexington area is one key objective of the city's newly named local food coordinator. 

Ashton Potter-Wright presented her agenda this week to Lexington council members.  Potter-Wright admits it's unrealistic to expect significant, short-term economic gains in bluegrass food production.

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5:28pm

Mon August 18, 2014
Business and the Economy

Beef Growers Could Pay More for Promotion

Credit kyfbnewsroom.com

The Kentucky Cattlemen's Association is asking the State Board of Agriculture for approval to conduct a statewide referendum of beef cattle producers.

The KCA is proposing increasing the state assessment from $1 to $2 per head of cattle marketed in the state.

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10:28pm

Sun August 3, 2014
Business and the Economy

Minorities get Business Advice and Seek Connections at Expo

Credit kyforward.com

Participation in Lexington's annual minority-owned business expo continues to grow within and outside Kentucky.  Over 500 attendees Friday heard advice on business planning, expansion, and start-up strategies. 

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4:22pm

Thu July 31, 2014
Business and the Economy

Golf Fans Expected to Boost Kentucky Tourism Figures

Credit courier-journal.com

State tourism officials are always working to make Kentucky a common vacation destination.  The Commonwealth will next week be a popular site for golf fans.

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4:26pm

Wed July 30, 2014
Business and the Economy

Record Land Transaction in Hamburg

Credit http://www.bluegrassextendedstay.com/

Fourth Quarter Properties has sold the Lexington Hamburg Pavilion shopping center for a record $185 point 7 million dollars.

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3:36pm

Wed July 30, 2014
Business and the Economy

Simpsonville Outlet Mall Gives Small Town Big Economic Boost

Credit kentucky.com

The Kentucky community of Simpsonville is preparing to welcome thousands of shoppers Thursday. 

A 300 thousand square foot outlet mall, fully leased, will open just off Interstate 64. 

City Administrator David Eaton says for the north-central Kentucky town of about 25 hundred, the economic impression will be substantial.  

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1:33pm

Wed July 30, 2014
Business and the Economy

State Approves Tax Breaks for Ark Encounter

Credit www.techtimes.com

A controversial religious theme park planned for northern Kentucky has been granted a new round of tax breaks by the state.

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4:49pm

Tue July 29, 2014
Business and the Economy

New Auto Manufacturing Group Aims to Speak with One Voice

Credit lanereport,com

Hoping to give the industry a "common voice," the newly created Kentucky Automotive Industry Association launches this week.

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5:24pm

Mon July 28, 2014
Business and the Economy

Bees Buzzing on EKU Campus

Credit Stu Johnson / Weku News

    

There's a buzz of activity this week at Eastern Kentucky University.

Hundreds of beekeepers from several states and outside the U.S. are in Richmond participating in the Eastern Apicultural Society meeting. 

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3:21pm

Tue July 22, 2014
Business and the Economy

Kentucky Bourbon Inventory Tops 5 Million Barrels

Aging bourbon at Buffalo Trace Distillery in Frankfort.
Credit Tom Eblen / Lexington Herald Leader

Kentucky bourbon makers are churning out larger volumes of whiskey being stored for aging.

The Kentucky Distillers' Association said Tuesday the state's bourbon inventory has topped 5 million barrels for the first time since 1977.

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4:16pm

Thu July 17, 2014
Business and the Economy

Technology Helps Kentucky Farmers Save Money and Beef Up Livestock

Making hay in Kentucky has more to do with science than with what the feed looks like.  Knowing what's inside their hay can save farmers dollars and help produce healthier livestock.

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10:40pm

Tue July 15, 2014
Business and the Economy

Big Tobacco Merger, Cool Temperatures on Minds of Burley Growers

Credit fayette.ca.uky.edu

    

Central Kentucky tobacco growers this summer are feeling the impact of the unseasonably cool weather. Growers are also feeling the effect of decisions made in the board room.

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9:32pm

Sun July 13, 2014
Business and the Economy

Morehead Mill to Help Keep Barrels Rolling

Credit kybourbontrail.com

A Morehead wood mill scheduled to open early next year is expected to help keep bourbon barrels rolling out of Lebanon, Kentucky.  

The stave mill, an estimated $10 million investment, could mean 70 new jobs for the region.  Independent Stave President Brad Boswell says the abundance of Kentucky Oak trees was a factor in selecting the Morehead site, "There's a wonderful resource of white oak logs in the Morehead area and we currently buy logs there, but we have to haul those logs to one of our other mill locations.”

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5:13pm

Mon July 7, 2014
Business and the Economy

Plant Groundbreaking Helps Reinforce Economic Recovery

Credit bgdailynews.com

An economics researcher says a groundbreaking for an aluminum plant in western Kentucky sends a bigger message about economic recovery.  Governor Steve Beshear, who was joined by other public and private sector officials, broke ground last week on a $150 million dollar aluminum production plant in Bowling Green. 

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9:20pm

Thu July 3, 2014
Business and the Economy

Kentucky Job Growth Seen at Slower Pace than National Average

Credit bizjournals.com

A federal labor department report released Thursday shows higher than anticipated job creation for June across the U.S.  State Economist Manoj Shanker is also seeing employment gains in many Kentucky counties. "Compared to a year ago, 111 counties out of 120 are doing better than they were a year ago,” says Shanker.  “As the state economy improves, it's almost evenly split, except for some parts of eastern Kentucky.”

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4:13pm

Wed July 2, 2014
Business and the Economy

Gas Prices Could Vary Greatly Across Kentucky This Weekend

Credit thenewstribune.com

Motorists traveling from one end of Kentucky to another this holiday period could see a differing range of gasoline prices.  GasBuddy-Dot-Com Petroleum Analyst Patrick Dehaan says the lowest-priced gas is found near Bowling Green at three dollars 34 cents a gallon.  Compare that to Louisville where travelers may find prices hovering around four dollars a gallon. 

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10:48pm

Thu June 26, 2014
Business and the Economy

Economist Says Advanced Manufacturing Should Include Infrastructure Focus

Credit insiderlouisville.com

The mayors of Kentucky's two largest cities continue to promote an advanced manufacturing economic agenda.  A university economist yesterday cited the state's diverse business makeup as one of its strongest attributes.

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10:42pm

Thu June 26, 2014
Business and the Economy

Honey, Fast Cars Make the Scene at Weekend NASCAR Event

Credit lanereport.com

NASCAR fans could get a taste of Kentucky honey this weekend. Honey produced in Letcher County will be part of the Kentucky Proud display on Saturday during the Quaker State 400 at Kentucky Speedway in Sparta.

In collaboration with the state agriculture department, Kentucky Proud products will be served at the Sparta track for the remainder of the racing season.  

Ted Ratliff has been producing honey in eastern Kentucky for three years. Ratliff says he was approached by the state agriculture department about using his honey at the northern Kentucky track. 

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10:45pm

Mon June 9, 2014
Business and the Economy

UK, City of Lexington to Meet on Rupp Project

Credit kentucky.com

Lexington Mayor Jim Gray and University of Kentucky President Eli Capilouto are scheduled to meet later this week to discuss the Rupp Arena Project.  The meeting this Thursday came at the request of Gray.  Governor Steve Beshear supports the reinvention of Rupp and construction of a new convention center. 

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10:26pm

Wed June 4, 2014
Business and the Economy

400 Mile Yard Sale to Stretch Across Kentucky

Mary Brumm and her husband prepare to set up for the 400 mile yard sale
Credit Stu Johnson / Weku radio

    Four hundred miles worth of bargains are coming to a yard sale near you.  This weekend marks the 11th U-S 68 cross state yard sale. 

Trucks and tractors full of potential sales gathered outside the gate of the Servant Heart Farm Wednesday, waiting for the padlock to come off. 

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10:37pm

Sun May 25, 2014
Business and the Economy

Eastern Kentucky Bee Specialist Set to Begin New Role as State Apiarist

Credit EKU.EDU

    Kentucky's new state apiarist sees her primary role to increase bees and beekeepers across the Commonwealth.  Tammy Horn will join the State Department of Agriculture in just over a week.

Tammy Horn is a senior researcher at Eastern Kentucky University and nationally known beekeeping authority.  Significant bee loss problems have caused great concern for honey makers for several years. 

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5:10pm

Mon May 19, 2014
Business and the Economy

Lexington Lawmaker Says Rupp Poll Results Not Unexpected

Credit kentucky.com

A state lawmaker from Lexington isn't surprised by poll results questioning the use of state funds to help reinvent Rupp Arena and build a new convention center.  The survey showed only 18 percent of those questioned approved of spending state money on the 351 million dollar project. 

Lexington Representative Jesse Crenshaw says it can be hard to sell long-term benefits.  "People look at things and look at it from the standpoint of we have a number of needs that are pressing now, so we should spend anything for the future," said Crenshaw.

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