Business and the Economy

Business news

wkyt.com

For more than a decade, Kentucky’s largest business association has hosted a state legislative preview conference.  Tuesday’s event in Lexington covered most hot button items for the 2018 general assembly session.

Kentucky Chamber of Commerce President Dave Adkisson believes the budgetary challenges facing state lawmakers over the next three months could be the toughest in decades.

The veteran business leader says it could even outdistance the 2008 recession, because there will be no federal bailout support this time.

postalnews.com

This week before Christmas is expected to be the busiest of the year for shipping, mailing, and delivery within the U.S. Postal Service. 

Online shopping and more traditional gift giving practices are responsible for annual increases in postal business.

 

Battery Plant Coming to Eastern Kentucky

Dec 15, 2017
wymt.org

West Coast Battery Company EnerBlu plans to invest $372 million in a manufacturing plant in Pikeville.  The formal announcement came this morning in eastern Kentucky. 

Long-time Congressman Hal Rogers says the expected 875 jobs eventually will be just the right medicine for a region hit hard by coal industry losses.  “You’ve been talking about evolving the economy of a whole region of the state.  This is a big step in that direction,” said Rogers.

 

UK Board Approves Land-Street Swap Deal

Dec 12, 2017
kentucky.com

The University of Kentucky Board of Trustees approved Tuesday a land/street swap with Lexington Urban County Government.  Only one step remains to make the deal final.

kentucky.com

Lexington’s business umbrella organization continues to focus on seven targeted commercial sectors.  Questions about business priorities came up during a recent presentation by Commerce Lexington.

 

Stu Johnson

A St. Louis woman is helping employ women rescued from human trafficking at 15 centers established in the United States and around the world.  Dawn Manske is in Lexington this week for the 19th Ending Sexual Assault and Domestic Violence Conference.

Kentucky Ag Economy Seeing a Slight Uptick

Nov 30, 2017
uknow.uky.edu

Kentucky’s farm economy is experiencing about 3.5 percent growth this year compared to 2016.  University of Kentucky Agriculture Economist Will Snell terms it as “some stability.” 

Good Giving Challenge Underway in Central Kentucky

Nov 29, 2017
Stu Johnson

For the seventh year, the Good Giving Challenge fundraising competition is underway. Well over a hundred non-profit organizations benefit from the month long campaign coordinated by the Bluegrass Community Foundation.

census.gov

Kentuckians for the Commonwealth hopes to raise awareness of the significance of an accurate count during the 2020 Census. 

The citizen-based activist organization cites a study done at George Washington University. 


kentucky.com

The future of economic development in Lexington will be under review Tuesday at City Hall.

Members of the council’s Budget, Finance, and Economic Development Committee will hear from Commerce Lexington, the local umbrella organization representing a wide variety of businesses. 


Cheri Lawson

This week Americans will come together to celebrate and give thanks. Thanksgiving has become a holiday for family, football and feasting.

WEKU's Cheri Lawson reports, for many families, the centerpiece of the celebration is the turkey. And hundreds of those turkeys will come from a Northern Kentucky farm.


Stu Johnson

Residents of Lexington and Fayette County will soon have a new option for cable television, Internet and even telephone service.

Mayor Jim Gray announced Tuesday that the community will soon be one of the nation’s only “Gigabit Cities.”    


kyra.org

The president of the Kentucky Restaurant Association says the opening and closing of eateries is part of the hospitality business. 

Lexington has seen its share of restaurants come and go in recent weeks.


wkyt.com

Gov. Matt Bevin Monday defended his proposal to change the state’s pension systems before a group of business leaders in Lexington.

Late last week, Bevin released a much-anticipated draft of a bill that would move most future and some current retirees onto less-generous 401(k)-style plans.

The proposal would also tweak benefits to current employees and retirees, drawing fire from state employee groups that say the changes would be illegal.

Stu Johnson

State and local government leaders, education officials, and business representatives all gathered in Scott County Monday for a formal announcement at Toyota Motor Manufacturing Kentucky.  

This event centered on engineering.

HANCOCKKY.US

An Ohio company that’s developed an environmentally friendly process to manufacture chemicals used in paint and plastics is locating a facility in Hancock County that will create about 125 jobs. 

WhiteRock Pigments is investing nearly $180 million in a manufacturing operation near Hawesville. The company is renovating the former Alcoa building that has been vacant for nine years.

kentucky.com

The president of the Lexington Bluegrass Association of Realtors worries about future availability of land for building in Fayette County.  

Ty Brown spoke last week to members of the Georgetown-Scott County Chamber of Commerce.


Stu Johnson

Progress at the Centre Point building site in the middle of downtown Lexington has some urban county council members asking for government action to help further construction.  

Two commercial developers are now joining together for the high rise office and retail complex.


lexingtonky.gov

Non-profit workforce development organizations can make grant applications for a part of $300,000 in Lexington government funds to assist with job training. 

This second round of funding represents twice the amount distributed previously.


Lexington Leaders Assessing Rural Broadband Options

Sep 25, 2017
kentuckywired.ky.gov

Lexington government leaders are studying the best ways to extend high-speed broadband fiber connectivity in rural areas of Fayette County.

Council's Environmental Quality and Public Works Committee gave the issue attention last week. 


kentucky.com

The closing of three Nicholasville Mexican restaurants Tuesday has an employee of at least one nearby business claiming it was related to an illegal immigration roundup. 

There’s no confirmation yet from federal authorities.


asbury.edu

A private Kentucky private university is launching a workforce development initiative aimed at boosting qualified workers for the film production industry in the state. 

Officials at Asbury University introduced the new Work Ready certificate program Tuesday.


Cheri Lawson

A man who spent three years living in a treehouse that he built in Red River Gorge and then started a treehouse village is being featured on nationwide  TV.

 

 Django  Kroner and The Canopy Crew are in  a pilot for a new TV show on the channel Animal Planet.

Just about six months ago, Cincinnati native Django Kroner gave us a tour of the beginnings of a treehouse village he’s building on private property in Red River Gorge .

uky.edu

Members of the Kentucky Tobacco Research Board are considering potential future uses for burley and dark leaf tobacco grown in the bluegrass state.

Discussion at Monday’s meeting addressed proposed FDA regulation of nicotine levels in tobacco products.


Residents Assess Paint Lick Economic Revitalization

Sep 13, 2017
Stu Johnson

Part 2 of a two-part series

Paint Lick Kentucky is included on the National Register of Historic Places.  The rural town that sits on the Garrard-Madison County line was once home to a business district that featured banking, eating and shopping for groceries. There was even a car dealership.

Almost a year ago, the re-routing of Kentucky Highway 52 significantly changed the community’s landscape, virtually taking the town off the highway map.

But, there’s interest in a new form of business activity. 


Stu Johnson

Following a massive fire in January of 2016, Blue Grass Stockyards officials have cut the ribbon for a new facility in Lexington. 


Kentucky Tourism Cabinet

Kentucky officials are hoping a reminder of a once-popular toy will generate additional visits to the state’s tourist attractions. 

It’s called a MegaViewer and this week it's in the "Pride of the Counties" area at the Kentucky State Fair.  


cfaky.org

Two Kentucky agencies are among 32 organizations nationwide benefiting from almost $17 million in federal funding to help low income-citizens buy fruits and vegetables. 

The assistance goes beyond the purchase of produce.

 


Stu Johnson

A ribbon-cutting ceremony marked the grand opening and expansion of a Lexington-based technology company Tuesday.

Fooji Incorporated specializes in brand promotion using familiar tools of social media.


Stu Johnson

Automobile executives from across Kentucky and beyond have been briefed this week on many facets affecting their industry during the annual Autovision conference in Lexington.

Among the topics has been materials used in building today’s vehicles.


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