Business and the Economy

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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10:51pm

Mon December 8, 2014
Business and the Economy

Breaks Interstate Park Master Plan Calls for Substantial Improvements in Kentucky

Credit downthetrail.com

Officials are finalizing details for a 30 year master plan for the Breaks Interstate Park. The 4,800 acre park, dubbed 'the Grand Canyon of the South,' is situated on the Kentucky-Virginia border. 

Park Superintendent Austin Bradley says over the years, the Bluegrass side of the Breaks has seen little development. He says the new master plan calls for major improvements on the Kentucky side. "We're looking at everything from primitive camping opportunities in Potters Flat to equestrian and riverside like Kayak canoeing campsites," said Bradley.

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10:38pm

Sat December 6, 2014
Business and the Economy

Beshear Announces ‘Give a Gift Made in Kentucky’ Month

Credit Stu Johnson / WEKU News

Kentucky's first lady is making a pitch for bluegrass crafted gifts this holiday season.  Jane Beshear Friday morning helped officially launch 'Give a Gift Made in Kentucky' month at the Kentucky Artisan Center in Berea.  "So many of us give the same kind of things over and over and over again.  Here, you've got so many different choices and they are handmade.  Sometimes you have the opportunity to meet the artist," said Beshear.

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10:37pm

Sat December 6, 2014
Business and the Economy

BBB Warns Kentucky Consumers About Holiday Phishing Scam

Credit facebook.com

The Better Business Bureau of central and eastern Kentucky is warning citizens of a holiday phishing scam.  Spokeswoman Heather Clary says the Lexington office has received several reports about an email hoax.

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12:08am

Fri December 5, 2014
Business and the Economy

Annual Ag Economic Report Shows Upcoming Challenges for Grain Sector

Credit southeastfarmpress.com

Members of Kentucky's agriculture industry Thursday held their annual Ag Economic Review and Forecast meeting in Louisville. 

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10:46am

Fri November 28, 2014
Business and the Economy

For Some Small Business Saturday More About Experience Than Price

Credit business2community.com

Small businesses are preparing for more holiday shoppers tomorrow with the fourth annual American Express Small Business Saturday.

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11:54pm

Thu November 27, 2014
Business and the Economy

Kentucky Mom and Pop Businesses Hope Black Friday Sends a Positive Message about Holiday Sales

Credit kyretail.com

Even though the day is still young, some black Friday shoppers are already worn out and heading home.  The day after Thanksgiving carries with it the tradition of looking for the best holiday gift deal.  That pursuit can begin at midnight and may involve standing in line for the latest and fanciest item.  

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12:18pm

Thu November 27, 2014
Business and the Economy

Police Hope for Patient Drivers and Security-Minded Shoppers

Credit ponyupkentucky.com

The holiday shopping season is upon us and Lexington police are urging shoppers to do all they can to secure packages around busy retail outlets. 

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4:43pm

Tue November 25, 2014
Business and the Economy

Auction Fetches High Price for New Bourbon

Credit insiderlouisville.com

One of Kentucky's newest whiskey makers is making a big splash with its first batch of bourbon.

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4:25pm

Fri November 21, 2014
Business and the Economy

Lexmark Reports Paper Use Still Solid

Credit abcoffice.com

Officials with Lexington-based Lexmark International are touting the survival of single cut-sheet paper.  

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4:47pm

Fri November 14, 2014
Business and the Economy

Governor Beshear Heads to Japan for Five Day Economic Development Trip.

Credit state-journal.com

Governor Steve Beshear leaves Saturday for an economic development trip to Japan.  The governor's office says the trip marks an effort to strengthen and encourage international investment in Kentucky.

More than 160 Japanese facilities are situated in Kentucky, employing more than 40,000people.  Governor Beshear says he's determined to extend Kentucky's successful track record for attracting Japanese companies. Foreign direct investment has played a key role in boosting the state's economy. 

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8:56am

Fri November 14, 2014
Business and the Economy

National Ice Cream Retailers Association Hold Meeting in Lexington

Credit Stu Johnson / WEKU News

    

Even with temperatures taking a big dip this week, some folks still have a taste for ice cream.  The cold treat was the main topic of conversation for hundreds of people this week in downtown Lexington.

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9:54pm

Mon November 10, 2014
Business and the Economy

Two Kentucky Towns Rank High Among Cities for Veterans

Credit army.mil

An online personal finance social network is giving two Kentucky cities high marks on behalf of certain services available to veterans. In their survey of 100 U.S. cities in areas including military skill-related jobs and medical care, Wallet-Hub ranks Lexington 12th and Louisville 30th. 

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4:49pm

Wed October 29, 2014
Business and the Economy

Commercial Air Service From Pikeville to Nashville Officially Takes Flight

Credit worldairlinenews.com

4:29pm

Mon October 27, 2014
Business and the Economy

Keeneland Attendance Down for Fall Meet

A less active Keeneland the Monday after a fall meet
Credit Stu Johnson / WEKU News

    

Lexington's historic Keeneland Racecourse just wrapped its fall meet. The track set attendance records the past couple of years. This year's attendance fell about 15,000 patrons shy of last year.  Spokeswoman Amy Gregory says rain and cooler than normal temperatures had an impact on turnout during seven of the first 10 racing days.  "The weather really challenged us but we had a new dirt track that we debuted this fall and the dirt track performed beautifully.  The new drainage system handled the rain that we got the first couple of weeks really well," said Gregory.

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10:35pm

Sun October 26, 2014
Business and the Economy

Kentucky Manufacturers Participate in First Innovation Conference

Credit americanradioworks.org

High tech computers and machinery are a part of today's advanced manufacturing environment.  With that, comes the use of robotics to assist in making precision products.   David Chavern, President of the U.S.

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5:48pm

Thu October 23, 2014
Business and the Economy

Kentucky Tourism Officials Promoting Food Across the Commonwealth

Credit lanereport.com

Kentucky's Department of Travel and Tourism is working to expand culinary tourism across the state.  Officials are launching the food focused website KentuckyCuisine.com. Department Spokeswoman Scottie Ellis says the goal is to get in on the front end of culinary tourism.  "You know food is a necessary part of everyday life, but it is a very big part of travel.  If you have a bad meal, it could ruin your entire experience," said Ellis.

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9:51pm

Tue October 21, 2014
Business and the Economy

Bourbon's Impact on Kentucky Economy Still Growing

Credit bourbonblog.com

Kentucky’s Bourbon industry has nearly doubled its workforce in the last two years and contributes $3 billion in gross state product to the state economy. The University of Louisville's Urban Studies Institute report shows the industry's economic contribution has increased by 67 percent from 2012.

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4:24pm

Mon October 20, 2014
Business and the Economy

Manpower Services Not Yet Seeing Uptick in Seasonal Hiring

Credit cnbc.com

    

The holidays are fast approaching and that usually means an increase in seasonal employment.  One agency that links potential workers with employers is not yet seeing an increase in temporary hiring.

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4:16pm

Mon October 20, 2014
Business and the Economy

Four Country Concerts Causing Parking Adjustments

Credit Stu Johnson / WEKU News

Four concerts over two days in downtown Lexington during Halloween weekend are expected to challenge parking and traffic. Country star Garth Brooks will play two shows at Rupp Arena on Friday, October 31st and two more on Saturday, November first.

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5:47pm

Fri October 17, 2014
Business and the Economy

Gas Prices Dip Below $2.90 in Parts of Kentucky

Credit Stu Johnson / WEKU News

There are reports of gasoline prices under two dollars and 90 cents across parts of Kentucky.  The price per gallon has been dropping at a rapid pace with less demand and an ample supply.  Bluegrass AAA Spokesman Christopher Oakford says it's difficult to say how low prices will  go.  "You will see a wide variance in the price of gas.  I can't really comment on how far it will drop or how long it will continue to drop unfortunately because there are so many factors that affect the price, particularly of oil," said Oakford.

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4:24pm

Thu October 16, 2014
Business and the Economy

Kentucky Equine Education Project Launches Nonprofit

Credit kyfbnewsroom.com

The long standing Kentucky Equine Education Project this week is launching a nonprofit foundation.  The KEEP foundation aims to provide funding grants for Kentucky's horse industry through educational efforts.  Cara Stewart is the KEEP Grassroots Director.  "There's a big need in supporting local horse shows, local youth programs, trail rides, breed associations and we wanted to have a venue to raise money specifically for those entities in some of our grant processes," said Stewart.

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4:11pm

Thu October 16, 2014
Business and the Economy

Kentucky Jobless Rate Falls to 6.7 Percent

Credit bizjournals.com

Kentucky officials say the state's unemployment rate in September dropped to its lowest rate in more than six years.

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10:27pm

Wed October 8, 2014
Business and the Economy

City of Lexington Likely to Deny Cable Television Transfer

Credit wktv.com

Lexington city leaders remain at odds with its cable TV carrier over a franchise agreement.   The Lexington Council is expected to vote Thursday night on resolutions denying the transfer of the local franchise from Time Warner to Comcast, and from Comcast to Charter Communications.  The vote comes as city officials are hearing customer concerns on service and cost.  

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10:26pm

Wed October 8, 2014
Business and the Economy

Kentucky's Manufacturing Sector More Than Bourbon and Cars

Credit waymarking.com

October has been designated National Manufacturing Month. Kentucky is well known for its automotive, bourbon, and equine industries but an official with the state's Economic Development Cabinet says the Commonwealth is successful in other trades.

Joe Hall says Kentucky is home to more than 4,000 manufacturers with 220,000.   "Well I think the significance really showcases the diversity of Kentucky's economy and we really are a manufacturing state," said Hall.

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4:21pm

Mon September 29, 2014
Business and the Economy

State's Top DFI Official: Ease Regulations for Community Banks

Charles Vice, Commissioner of the Department of Financial Institutions
Credit lanereport.com

The head of Kentucky's Department of Financial Institutions hopes to see some easing of federal banking regulations for community banks.  Charles Vice testified earlier this month before the U.S. Senate Banking Committee. Vice says community banks shouldn't have to bear the punishment for problems they didn't create. 

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