Business and the Economy

9:44pm

Wed April 9, 2014
Business and the Economy

Governor Celebrates Opening of Woodford Reserve Center in Versailles

Company officials and local leaders today celebrated the expansion and renovation of the Woodford Reserve Distillery visitor center in Versailles. Brown-Forman, owner of Woodford Reserve, invested more than $1.9 million into the 7,500-square-foot visitor center. 

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7:30pm

Sun April 6, 2014
Business and the Economy

State to Provide Assistance for Jobless Fruit of the Loom Workers

Credit kentucky.com

More than 600 people will be looking for work following a summertime plant closure in southern Kentucky. They could benefit from group and individual job counseling offered by the state.

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12:49am

Fri April 4, 2014
Business and the Economy

Kentucky Ready to Begin Growing, Producing Hemp

Ky. Agriculture James Comer says he has been given the go-ahead by the Attorney General to implement pilot projects in growing and producing hemp at six state universities.
Credit File photo

The Commonwealth is ready to move forward with plans for the first legal production of hemp in at least 50 years.  Earlier this year, the State Department of Agriculture announced it was creating pilot projects in growth and production of the plant at six universities.

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6:40pm

Thu April 3, 2014
Business and the Economy

Promising Report for Kentucky's Forest Industry

Credit isuagcenter.com

    Kentucky's timber industry expects a profitable year in 2014.   That's according to an economic impact report issued Thursday during a forest industry meeting in Louisville. 

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9:17pm

Tue March 25, 2014
Business and the Economy

Rising Waters at Lake Cumberland

Credit kentuckytourism.com

The water level of one of Kentucky's most popular waterways is going up.   The message from Washington got a good reception at the state capitol Tuesday.

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12:15am

Fri February 28, 2014
Business and the Economy

UK Among Schools Receiving Millions for Study of Manufacturing

UK President Eli Capilouto
Credit lanereport.com

Two Kentucky universities are recipients of hundreds of millions of dollars to further the study of advanced manufacturing initiatives.  The University of Kentucky is among nine schools that are part of the American Lightweight Materials Manufacturing Innovation Institute. 

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8:52am

Tue February 18, 2014
Business and the Economy

New Agriculture Campaign Targets Appalachian Counties

Credit knottcountyadventure.com

A new effort is being launched to better promote the agricultural economy of 37 eastern Kentucky counties.  State and federal officials were on hand Monday in Knott County to announce the trademarked brand “Appalachia Proud: Mountains of Potential.”

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6:30am

Wed January 29, 2014
Business and the Economy

Former Lexington Department Store to House UK HealthCare Services

Credit Lexington Herald Leader

The former Dillard’s store in the vacant Turfland Mall will become home to University of Kentucky primary care and specialty outpatient clinics. UK HealthCare will be the anchor tenant on the first floor, using some 85 thousand square feet of renovated space.   

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3:30pm

Fri January 10, 2014
Business and the Economy

State Tax Collections Down

Credit 4qpublic.net

Kentucky is reporting a 3.5 percent drop in tax collections for December, but state revenue is up slightly for the first six months of the fiscal year.  State Budget Director Jane Driskell said today General Fund revenue totaled $912.6 million in December, a drop of $33.2 million compared to the same month in 2012.

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3:30pm

Tue December 31, 2013
Business and the Economy

State Auditor to Review Yum Center

Credit thegazzette.com

A Louisville Metro Councilman plans to ask the state auditor to conduct a review of the Louisville Arena Authority, which oversees the KFC Yum Center. Councilman Dan Johnson says the authority, which is a state body, has been mismanaged, and the University of Louisville’s control over the authority’s board has caused it to underperform.

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2:52pm

Mon December 23, 2013
Business and the Economy

Louisville Firm Develops Pill Holder

Credit courier-journal.com

A Louisville company has created a secure pill dispenser with the aim of combating prescription drug abuse. The Pill Guard is designed to ensure patients get the prescribed dose of medicine at the right time, and it prevents a user from taking too many pills at one time.

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3:08pm

Tue December 17, 2013
Business and the Economy

'BEAM' Looking to Increase Kentucky Exports

Credit wfpl.org

Officials with the Bluegrass Economic Advancement Movement or BEAM are looking to increase Kentucky exports.  They’ll use a 200 thousand dollar contribution from the JP Morgan Chase Foundation.  Eligible small businesses in a 22 county region can secure up to 45 hundred dollars to help gain more product exposure.

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4:16pm

Mon December 16, 2013
Business and the Economy

Home Loan Fund to Move Families into Vacant Houses

Credit kentucky.com

A long standing central Kentucky non profit, the Attorney General’s Office, and five banks are establishing a five million dollar home loan fund.  Community Ventures Corporation C-E-O Kevin Smith says the program is aimed at assisting up to 70 families who can’t qualify for traditional bank financing.

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6:41am

Thu December 12, 2013
Business and the Economy

More Local Produce Coming to the University of Pikeville

Credit surfky.com

The University of Pikeville is the latest school to join the Kentucky Department of Agriculture's Farm to Campus Program. The initiative will aim to put more farm-fresh Kentucky Proud products in the eastern Kentucky school's food service system. Another goal is to put more shelf-stable Kentucky Proud products in the Pikeville school's bookstore.

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9:57pm

Mon December 9, 2013
Business and the Economy

Local Leaders Seek Substitutes For Coal Severance Taxes

Credit kentucky.com

The economic and social troubles of eastern Kentucky were the topic today of two conferences Monday.  In Pikeville, nearly a thousand people gathered to discuss strategies for improving the lives of mountain residents.  And in Lexington, a preview of this winter’s general assembly session included talk of coal severance funding. 

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6:19pm

Thu December 5, 2013
Business and the Economy

Record Sales Projected for Kentucky Agriculture

Credit publicbroadcasting.net

Kentucky’s agricultural industry continues strong growth.  For the second year in a row, agriculture economist Will Snell expects farm revenue to reach an all-time-high.

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3:36pm

Mon December 2, 2013
Business and the Economy

Cyber Monday Important To Small Kentucky Businesses Too

‘Cyber Monday’ is wrapping up, with many of the Commonwealth’s companies offering deep discounts to on-line shoppers.  For Kentucky-based Café Press, nearly 99% of its business is conducted via the internet.  The Louisville company started in 1999, creating specialty items, like mouse pads, coffee cups, and T-shirts.  CEO Bob Marino says his inventory is based solely on demand.

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6:15pm

Wed November 27, 2013
Business and the Economy

Sound Holiday Spending Starts With a Plan

Credit kentucky.com

Before heading into the throng of Holiday shoppers, it’s wise to have a plan.  That's the recommendation of Jennifer Doom, Public Information Officer with the Kentucky Department of Financial Institutions.  Doom suggests mapping out a gift buying budget and strategy for the entire month of December.

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11:33am

Wed November 27, 2013
Business and the Economy

Record Vehicle Exports in Kentucky

Credit kentucky.com

Vehicle exports have reached historic levels in Kentucky.  They were up 43 percent through the first nine months of the year.  It’s a state record. Gov. Steve Beshear said the state exported more than $3 billion worth of vehicles between January and September and will likely top $4 billion by year's end.

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10:38pm

Mon November 25, 2013
Business and the Economy

'BEAM' Report Recommends More Job Skills Attention

Credit louisville.com

To develop the Interstate-64 corridor between Lexington and Louisville, a new report says the region must work with companies already based in Kentucky.  Then, they can develop the highly skilled workers needed by advanced manufacturers.

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6:42am

Mon November 25, 2013
Business and the Economy

Business Growth Around New Bluegrass Community and Technical College

Credit kentucky.com

The conversion from psychiatric care to classroom instruction continues at a site occupied by Bluegrass Community and Technical College.  The B-C-T-C campus sits in Lexington, just off Newtown Pike.  Currently, college President Augusta Julian says bulldozers are knocking down nearby buildings.

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5:48pm

Thu November 21, 2013
Business and the Economy

Business Leaders Call For Kentucky-Wide Workplace Smoking Bann

Credit Patrick Reddy/Kentucky Enquirer

A call for a smoking ban inside Kentucky’s workplaces and public buildings has the support of the state’s largest business organization.  Representatives of Kentucky’s Chamber of Commerce made a pitch before a legislative committee today. State Chamber Board member Brent Cooper says common health problems can be tied to second-hand cigarette smoke.

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6:57am

Wed November 20, 2013
Business and the Economy

U.S. Secretary of Labor to take in Louisville Events Today

Credit workforce.com

U.S. Secretary of Labor Thomas Perez will be in Louisville today to visit a technical training center and participate in a minimum-wage round-table discussion. The visit will begin in the afternoon at the Kentucky Manufacturing Career Center. Perez is scheduled to learn about the skills training initiatives going on there.

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2:29pm

Wed October 30, 2013
Business and the Economy

National FFA Convention Back in Louisville

Credit kyffa.org

Thousands of teenagers will be sporting blue corduroy jackets in Louisville this week as the National FFA Organization Convention returns to the city for the first time since 2005.  The Courier-Journal says the four-day gathering is expected to bring close to 60,000 people to the city, generating about $40 million for the local and state economy.

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9:35am

Mon October 28, 2013
Business and the Economy

Holiday Hiring Expected to Hit in Clark County

Credit bloomberg.com

This time of year means additional job opportunities in Kentucky tied to the upcoming holiday season.  It’s certainly the case in the bluegrass where three major employers are looking to hire.  Winchester Clark County Chamber of Commerce President Cindy Banks says Amazon, General Dynamics, and Pearl Interactive are looking for workers.

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6:50am

Mon October 28, 2013
Business and the Economy

Lexarts President Helped Shape Horsemania Impact

Credit horsemania2010.com

The outgoing leader of a mainstay Lexington arts organization would like to see public art continue to flourish.  Lexarts President Jim Clark announced his plans Friday to step down the end of June.  While admitting he has no concrete future plans, Clark hopes consistent financial support for public art can be realized over time.

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9:34pm

Wed October 23, 2013
Business and the Economy

Bluegrass Housing Sales on the Rise

Credit kentucky.com

After a string of years in decline, housing sales in the bluegrass are moving in the other direction. Unlike other states during the recession, the central Kentucky housing market didn’t see a big drop in property value.  But, there were sizeable reductions in the number of houses sold from 2005 until 2012. Then there was a pendulum swing according to Fayette County Property Valuation Administrator David O’Neil.

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10:36pm

Tue October 22, 2013
Business and the Economy

Council Gets Behind 'Jobs Fund' Proposal

Credit runjumpdev.org

After much debate, Lexington city leaders have decided to spend a million dollars in economic development incentives.  The final amount was much less than requested by Lexington’s mayor.In fact, the Council cut in half the amount of money intended for what the mayor calls a ‘jobs fund.’  Mayor Jim Gray has said the money would go for loans, primarily for local companies creating new jobs. 

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6:37am

Mon October 21, 2013
Business and the Economy

Redefining Sadieville

Credit sadievilleky.com

Sadieville might be considered a small place with big plans to become a regional adventure tourism powerhouse.  Sadieville's goal is to meld its past with its future as a town noted for its opportunities for hikers, bikers and even horse riders at some of the area's private farms.

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6:49am

Mon October 14, 2013
Business and the Economy

Boats on Dry Ground at Cave Run Lake

Credit caverun.org

The partial federal government shutdown is hurting tourist businesses near Cave Run Lake.  Boat ramps on the man-made lake, which are managed by the U-S Army Corps of Engineers, are closed.  Kentucky House Speaker Greg Stumbo says businesses in Morehead and three eastern Kentucky counties are feeling the effects.

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