Amazon.com is poised to make a huge expansion in Hebron that could almost double its work force. The company is planning to hire hundreds of full-time employees and thousands of seasonal workers at its fulfillment center near Cincinnati/Northern Kentucky International Airport over the next few months. Boone County Judge-Executive Gary Moore said Amazon has indicated it plans to hire as many as 900 full-time, permanent employees and up to 5,000 seasonal workers to meet holiday needs.
It might be a good weekend for parents in southeast Kentucky to go shopping. The Commonwealth’s annual back-to-school tax holiday is this weekend, and shoppers can buy a large array of items without paying the state sales tax, even if they don’t go to school or have a student in their family. And, many retailers will likely continue their tradition of absorbing the tax on other items.
Although concerns linger about the economy, Kentucky’s automotive industry appears to be flying above the fray. Mandy Lambert with the state’s economic development cabinet says the more than 400 businesses which comprise the automotive sector were hurt in the recession. But, she says a rebound continues at the assembly plants and parts factories. “With all of our major auto assembly plants, they’re all in the process of making major investments in their plants, which not only creates jobs at those plants, but also overflows to the supplier network,” said Lambert.
Delta airlines says although regional flying will remain a key component of its network, it will shut down Comair. A release says the carrier, which is based at CVG will cease operations after September 29th. Cincinnati Northern Kentucky International Airport spokesman Jay Brock says the airport sees this as a business decision for Delta. Brock says CVG is continuing to look for other airlines to serve the airport. Brock says Delta has indicated it will likely lay off Comair's approximately 17-hundred employees. Delta says the discontinuation of Comair's operations will not result in any significant changes to its network since Comair accounts for approximately one percent of Delta's network capacity and says it will be a seamless transition for customers.
FRANKFORT – Nisshin Automotive Tubing LLC will invest $7.1 million to purchase and install equipment and expand its 38,600-square-foot manufacturing facility in Versailles. The company will add 23,500 square feet to accommodate new equipment and a new production line.
Work to refurbish two locks on the Kentucky River could increase recreational traffic along the waterway and provide an economic boost to riverfront communities. Work this summer focuses on locks three and four, and rehabilitation is scheduled for 2013 on locks one and two. David Hamilton is an engineer with the Kentucky River Authority. “Once that is complete, that will open up river traffic from the Ohio River you could navigate all the way up to lock and dam number five,” said Hamilton.
A highway making the trip from Jessamine County to interstate 75 a shorter, straighter route could bolster economic development in the Nicholasville area. The transportation proposal under review would link Jessamine County to Madison County at Interstate 75. Jessamine County Chamber of Commerce Director, Amy Cloud says little residential and commercial development is currently found east of Nicholasville.
As a competitive venue, the Kentucky Horse Park has it all — except a way to break even financially. Despite the 2010 World Equestrian Games, which brought $85 million in construction projects to the park, officials had to ask the General Assembly for an extra $3.5 million to balance the budget for the 2012 fiscal year. Legislators were less than pleased and asked for a business plan that showed a road to self-sufficiency.
The latest numbers show Kentucky's unemployment rate staying flat from May to June. The Office of Employment and Training says the jobs rate remained at 8.2 percent, which matches the national jobless figure. This ends a long trend of monthly declines in the unemployment rate. The rate was 8.8 at the beginning of this year, and 9.6 in June of last year.
UPS officials say it could be good news for the company’s Louisville Worldport hub if UPS wins a contract with the United States Postal Service next year. The USPS has had a contract with FedEx to transport certain mail since 2000, but officials announced earlier this year that USPS intends on opening the contract up for bidding. The contract is worth nearly $1 billion annually.
Ford Motor Company has announced the second major recall this week of the 2013 Escape SUVs. Ford officials are telling owners of the new Escape not to drive the vehicle until dealers can fix a fuel line that may crack and cause engine fires. There has only been one such incident with a customer and no injuries were reported.
The Kentucky Chamber of Commerce is taking a firmer stand on conservative issues. Republican legislators have criticized the chamber in the past for supporting Democratic-led proposals like expanded gambling and a higher dropout age while staying quiet on so-called right to work and prevailing wage laws.
On this week's edition of Kentucky Tonight, host Bill Goodman and guests will discuss jobs and the economy. The program that airs "live" Monday evening at 8:00 on KET, repeats Tuesday morning at 11:00 on 88.9 WEKU and our network of stations in Central and Southeastern Kentucky.
When it comes to rainfall, it may be a case of ‘too little-too late’ for Kentucky’s corn growers. This summer’s drought hit western Kentucky corn fields first and hard. In Union County, which is the leading corn producer in the Commonwealth, Extension Agent Rankin Powell says soils are very deep and hold water well. It gives Powell reason for hope, but he still worries, any improvement in this year’s corn crop is unlikely.
Federal changes in disaster designation procedures could benefit drought stricken farmers across Kentucky. Governor Beshear says he applauds U.S. Agriculture Secretary Tom Vilsack’s work to speed up the process. The Ag secretary says the process for disaster declarations will be simplified and cut the processing time nearly in half for most counties.
Kentucky’s Secretary of State has issued a good news-bad news report on business filings. Some 192 thousand entities across Kentucky are required to file annual reports. More than 155 thousand met the recent deadline. That’s a higher percentage than usual. But, almost 37 thousand businesses failed to file in a timely manner.
A group of Kentucky beer brewers have joined together to give themselves a louder voice in state matters. The Kentucky Guild of Brewers is made up of nine local breweries from Louisville, Lexington and Danville. In a statement, the guild says its purpose is in part "to act as a singular voice and advocate for the Kentucky brewing industry in all pertinent matters of legislation and governmental administration."
FRANKFORT – Gov. Steve Beshear Monday signed into law a bill designed to spur job creation and significant investments in Kentucky’s automotive and parts manufacturing facilities. “This legislation will open doors for significant investments in the automotive industry, which plays a vital role in Kentucky’s economy, employing more than 68,000 people in the Commonwealth,” Beshear said in a statement issued by his office. “The success of the industry and the investments that result from this legislation will have far-reaching economic effects throughout all of Kentucky.”
Word today of a new e-commerce center in Boone County which is bringing 696 full time jobs to the northern Kentucky region. Elovation Services’ move amounts to a 13 point seven million dollar investment in the commonwealth. The firm will lease a 150 thousand square foot facility in Boone County to serve as its parcel grading and processing center for e-commerce.
Traffic congestion created some serious problems for last year’s inaugural NASCAR Sprint Cup Series at Kentucky Speedway. This year’s event may be remembered for the high heat along with the competition. The racing is scheduled in the evening, but qualifying does take place during the day. Spokesman Tim Bray says visitors to the track can find shade on site. “We are practicing and qualifying during the day…so we encourage fans to hydrate, hydrate, hydrate…and in addition to that…there are places underneath the grandstands and Kentucky tower and the Ohio tower so they can get out of the heat,” said Bray.
After years of hopes followed by months of anticipation, Trader Joe's opened a Lexington store at 8 a.m. Friday. The gourmet grocery, on Nicholasville Road, is expected to be wildly popular, and those unfamiliar are in for a unique shopping trip, industry observers say. "Walking into a Trader Joe's is an experience, ... because you don't know what you're going to come across," said Mark Mallinger, a Pepperdine University professor who has followed the privately held company for years. "New products come and go.
Lexington financial crimes detective Gene Haynes swiped a credit card through an innocuous black card reader known as a "skimmer." Less than a second later, two lines of illuminating text showed up in a Microsoft Word document on his computer screen. The mishmash of numbers and symbols was the visual representation of all the information stored on the card's magnetic strip. "That's all it takes" for a credit card to be compromised, he said.
UPDATED: More than 500 Kentucky miners in several counties, and an additional 250 at a mine in West Virginia, are being laid off by Arch Coal. Arch Coal is expected to issue a statement later Thursday, said Bill Bissett, Kentucky Coal Association president.
FRANKFORT — Unemployment rates fell in 107 Kentucky counties between May 2011 and May 2012, while 12 county rates increased and one stayed the same, according to the Kentucky Office of Employment and Training. Woodford County recorded the lowest jobless rate in the Commonwealth at 5.3 percent. It was followed by Hancock County, 5.5 percent; Shelby County, 6.1 percent; Fayette County, 6.2 percent; Union County, 6.3 percent; Daviess and Oldham counties, 6.5 percent each; Calloway and Franklin counties, 6.6 percent each; and Ohio County, 6.7 percent, according to a state news release.
Just a day after the family that owns and operates the Holiday World amusement park at Santa Claus, Ind. said they were withdrawing from their plans to reopen the now-closed Kentucky Kingdom park in Louisville, two other amusement park companies have expressed interest in reopening the park.
Reduced hours and staff will be the new reality for many health departments across Kentucky starting in July as they deal with funding shortages and changes. Though the total amount of state funding to local health departments has not gone down, the way it is allocated has changed.
To ease budget cuts, Franklin County Health Department employees will have to take 12 furlough days next year, director Paula Alexander announced Friday. “Yes, that is considerable,” Alexander said after the news was met with a collective gasp at Friday’s Fiscal Court meeting. “That is little over a paycheck.”
KIRIU USA is now making 3.6 million brake rotors a year, something which is forcing the Bowling Green auto-industry supplier to expand. So the company will spend about $10 million to bring in new equipment for two new production lines and to add onto its existing building, according to company President and CEO Mark Kimura.
FRANKFORT – Gov. Steve Beshear Friday announced a statewide effort to connect returning members of the National Guard, Reserve and other veterans with job openings in Kentucky. Joined by military, veteran, workforce and business leaders at the annual state convention of Disabled American Veterans, Beshear unveiled the Hiring Kentucky Heroes partnership and web resource that will bring together veterans seeking jobs with employers needing workers.