Business and the Economy

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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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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