Business and the Economy

4:33pm

Fri May 15, 2015
Business and the Economy

Second Hemp Crop Planted in Ky

Credit Stu Johnson / WEKU News

Another industrial hemp season is off and running in Kentucky.  Hemp production is expected to grow by leaps and bounds this year.

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10:53pm

Thu April 30, 2015
Business and the Economy

Keeneland President: Long Term Success Dependent on Attracting New Racing Fans

Keeneland President Bill Thomason addressing Lexington Rotarians
Credit Stu Johnson / WEKU News

The president of Keeneland says the long term success of the historic track hinges on being able to attract youth to the sport. 

Bill Thomason offered his annual pre-derby speech to Lexington Rotarians Thursday.  "If you attach them to the horse, then you create life-long fans," said Thomason. "That's why even if they're picnicking on the grounds, which we love to see, we do things to make sure that they have the opportunity to get up next to the racetrack to see the horses and experience it." 

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3:52pm

Mon April 27, 2015
Business and the Economy

Beautification Efforts Underway in Lexington for Breeders Cup

Credit paulickreport.com

With Keeneland's spring meet now in the books, most Kentuckians are turning their attention to Louisville and this weekend's Kentucky Derby.  But, Lexington leaders are also thinking about a major horse racing event that will take place this fall.

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5:26pm

Thu April 23, 2015
Business and the Economy

Keeneland's Economic Impact to Region Close to $600 Million

Credit Stu Johnson / WEKU News

A study just released by the University of Kentucky says Keeneland last year generated $590 million for Lexington and Fayette County.  The economic boost goes beyond traditional racing days.

The new study, the first of its kind on Keeneland, focused on fall and spring racing meets, along with four international Thoroughbred sales.  The economic impact study was conducted by the University of Kentucky's Center for Economic Research. 

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5:07pm

Wed April 22, 2015
Business and the Economy

Grocery Costs in Kentucky Show First Decline Since June 2013

Credit pickyeaterblog.com

Prices of retail food items in Kentucky fell during the last quarter, the first time since June 2013, in a survey of grocery costs.

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4:43pm

Thu April 16, 2015
Business and the Economy

KSU Students Piloting Floating Raft Project to Benefit Small Scale Farmers

Credit kysu.edu

A group of students at Kentucky State University is working on a project that could help small scale Kentucky farmers generate additional income.  Farm ponds could prove to offer farmers more financial options.

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5:50pm

Wed April 15, 2015
Business and the Economy

Governor Beshear Talks Economic Development in Asia This Week

Credit surfky.com

Governor Beshear is in the midst of an economic development trip, visiting three Asian countries.  He and his team are meeting with company and country officials in Taiwan, Singapore, and Japan.  Cabinet for Economic Development Spokesman Joe Hall says the governor may not come back home with an expansion or new plant announcement in hand.  "A lot of times these are forming relationships and discussing initial opportunities or even exploring opportunities,” said Hall.  “Usually these trips do pay dividends. It just might not be right when he gets back."

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3:19pm

Thu March 19, 2015
Business and the Economy

Kentucky Receives $20 Million to Address Long Term Unemployment

Credit examiner.com

Kentucky is one of 10 states chosen to develop a model program to assist those who are long-term unemployed and on food stamps.  The Commonwealth will receive almost $20 million from the federal government to support the pilot program.  U.S. Agriculture Secretary Tom Vilsack made the announcement Thursday in Lexington.  "We're now in a position to say, 'here's resources, figure out how to link these people,'" said Vilsack.  "You know, these are not people who are gonna be easy to employ; they may have been unemployed for an extended period of time." 

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11:48am

Fri March 13, 2015
Business and the Economy

Year-Over-Year Jobless Rates Down in 117 Kentucky Counties

Credit wkyt.com

State officials say unemployment rates fell in 117 of Kentucky's 120 counties between January 2014 and January 2015.

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5:42pm

Tue March 3, 2015
Business and the Economy

Kentucky Ranked #1 in National Economic Development

Credit Stu Johnson / WEKU News

A ceremony was held Tuesday at the state Capitol Rotunda in recognition of Kentucky's first place honor in Site Selection Magazine's Governor's Cup rankings.  The Commonwealth was awarded top prize for new and expanded industry activity per capita over the last year.  Site Selection Editor Mark Arend says the award is given for projects that were announced in 2014.  "So, those projects have yet to be built or the expansions have yet to be completed, but those facilities will all need to be staffed,” he said.  “So, that's when the jobs start coming in."

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11:53pm

Mon February 23, 2015
Business and the Economy

2015 Thoroughbred Makeover Event Officially Kicks Off

Credit Eventingnation.com

There seems to be significant nationwide interest in the first Thoroughbred Makeover event planned at the Kentucky Horse Park. A large group of horse enthusiasts gathered in Lexington Monday for the launch of the initiative, which aims to help Thoroughbred racehorses transition into second careers. 

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10:01am

Mon February 23, 2015
Business and the Economy

Beshear to Lead Trade Mission to Canada

Credit gcxmag.com

Gov. Steve Beshear will lead a springtime trade mission to Canada in hopes of finding more markets for Kentucky products.

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4:13pm

Sun February 22, 2015
Business and the Economy

Lake Cumberland Houseboat Maker Having Success in India

Credit pinterest.com

Governor Beshear says some residents may be surprised at the types of Kentucky made products that end up in buyers' hands around the world.  Kentucky made watercrafts are among those items.

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1:42pm

Wed February 11, 2015
Business and the Economy

Kentucky Exports Reach New Record in 2014

Credit Credit volvob12b / Flickr (Creative Commons License)

Kentucky officials say the state exported another record amount of its products around the world in 2014.

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5:32pm

Tue February 10, 2015
Business and the Economy

New Regional Career Academy to Open This Fall

Credit Stu Johnson / WEKU News

Kentucky's first regional career academy is scheduled to begin offering classes to 25 to 30 students this fall.  The students will come from the five north central counties of Carrol, Gallatin, Henry, Owen, and Trimble. 

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5:43pm

Mon February 9, 2015
Business and the Economy

Scamming Activity Follows Security Breech at Anthem

Credit hoax-slayer.com

The investigation into the security breach of Anthem Insurance continues.  While that is itself is a concern, there are now reports of scams related to this cyber attack.  Heather Clary with the Better Business Bureau of Eastern and Central Kentucky says don't open any emails that appear to be from Anthem.  Clary says establishing credit protection is a good first step.

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1:54pm

Tue February 3, 2015
Business and the Economy

Annual Economic Report: 'Cautiously Optimistic' 2015 Kentucky Economy

Credit kentucky.com

The University of Kentucky released its 43rd state economic report Monday.  Ken Troske with the Gatton College of Business and Economics says Kentucky will likely see moderate to slow growth in 2015.  "I'd love to see three to four percent in the nation and in the state,” said Troske.  “We just don't see the projections, given all of the other issues that are buffeting the economy, particularly some of the troubles in the rest of the world."

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4:26pm

Sun February 1, 2015
Business and the Economy

Governor Working On Economic Development Connections During European Trip

Credit examiner.com

Governor Beshear is in Europe for an economic development trip.  Beshear is scheduled to speak this week at the International CAR-Symposium in Germany.  More than a thousand automobile executives gather for the yearly meeting. 

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10:42pm

Tue January 27, 2015
Business and the Economy

Lexington Leaders Look to Fine Tune Job Training

Credit bgwib.com

    

Plans to revise workforce training investments across Kentucky were discussed Tuesday at Lexington's City Hall.  City officials have had ongoing questions about training strategies for the Lexington area.

There's interest among Lexington leaders to narrow the focus of workforce training in the region.  State officials are working now to prepare for implementation of a new federal workforce training act this summer. 

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9:15pm

Wed January 14, 2015
Business and the Economy

KY Federation for Advanced Manufacturing Education Expands.

Credit Stu Johnson / WEKU News

A program designed to benefit Kentucky's manufacturing sector is expanding.  Governor Beshear made the announcement Wednesday at the Georgetown Toyota plant, where the Kentucky Federation for Advanced Manufacturing Education initiative is already underway.  It is growing to include Louisville, northern Kentucky, and Elizabethtown.

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10:49am

Wed January 14, 2015
Business and the Economy

Customer Service Center to Employ Up to 750 in Louisville

Credit bizjournals.com

The ribbon is being cut Wednesday on a facility in Louisville expected to employ up to 750 people providing customer service.

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11:47am

Fri January 9, 2015
Business and the Economy

Venture Capital Program Helps New Businesses

Credit Credit https://www.vencap.com

The state has a new program designed to encourage small business and economic growth.

 

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2:53pm

Tue December 30, 2014
Business and the Economy

2014 Saw Kentucky Economic Gains

Credit lanereport,com

2014 could go down as a "breakout" year for Kentucky's economy.  Economists and workers in about every occupation imaginable were waiting for the effects of the "Great Recession" of 2008 to fade.  State Economist Manoj Shanker says a significant uptick has happened over the past eleven months.  Shanker says he has been expecting growth and recovery in the Kentucky labor market for the last two years, but it just hasn't happened.  “This year, suddenly things aligned themselves just right, and it did take off," said Shanker.

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2:58pm

Mon December 29, 2014
Business and the Economy

State Funding for Rupp Project Could Be Reconsidered in 2015

Credit kentucky.com

A central Kentucky lawmaker believes the current success of the University of Kentucky men's basketball team could further talks of state funding for a Rupp Arena renovation. 

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3:14pm

Tue December 23, 2014
Business and the Economy

Australian Firm Will Help Expand High-Speed Internet Across Kentucky

Credit Devin Katayama / wfpl.org

An Australian private investment company will immediately begin developing a high-speed internet network across Kentucky, Gov. Steve Beshear announced on Tuesday.

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4:18pm

Thu December 18, 2014
Business and the Economy

Horse Park Director Looking for New Revenue Opportunities

Credit equnews.com

The new director of the Kentucky Horse Park hopes the 1,200 acre attraction will become self-sustaining over time.  Jamie Link came on board in mid-November, replacing long time director John Nicholson.  Link wants to see a review of the park's rates.  "We'll be looking at all aspects of that from admissions to food services, to gift shop offerings, to all of those things; the campground rates and things,” said Link.  “Just to make sure that we're still a good value, but we're also looking at the market and being a good operation for the taxpayers of Kentucky."

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4:16pm

Thu December 18, 2014
Business and the Economy

Kentucky's November Jobless Rate Lowest in 6 Years

Credit lanereport.com

Kentucky's unemployment rate for November came in at its lowest rate in six years.  A state government economist says recovery from the 'great recession' is complete.

The preliminary November jobless rate stands at an even 6 percent.  It's a full 2.1 percent below the unemployment mark a year ago.  Kentucky hasn't experienced such a drop in three decades. 

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11:05pm

Sun December 14, 2014
Business and the Economy

Kentucky Christmas Tree Farmers Face Challenges

Credit hl-treefarm.com

Kentucky Christmas tree growers can face a variety of challenges, both on the farm and in the marketplace.  In addition to weather, weeds, and threats of disease, the state's soil is suitable for only certain types of Christmas trees.  Marla Jackson, Office Manager at Hutton and Lloyd Tree Farm says customers also tend to want taller trees.  "The larger tree, the eight to 10 to 12 foot is now pretty much, there's about as many people buying the larger trees as there are the small trees," said Jackson.

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4:15pm

Fri December 12, 2014
Business and the Economy

Ark Amusement Park Officials Consider Legal Action

Credit answersingenesis.org

The Christian group building a massive wooden ark in northern Kentucky is considering a court battle to fight the state's rejection of the project's tax incentives.

Kentucky's tourism secretary said this week that the ark project is not eligible for an 18 million tax rebate because employees would be screened on the basis of religion.

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5:24pm

Wed December 10, 2014
Business and the Economy

Several Kentucky Post Offices to Feature Sunday Holiday Hours

Credit keyetv.com

Several Kentucky post offices this month will operate over the weekend. In an effort to help customers avoid long lines, the postal service will be open the next two Sundays.

Lexington's Blue Grass Station Branch off Lansdowne Drive will be open from 11 a.m. until 4 p.m. December 14th and the 21st .

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