Business and the Economy

10:17am

Thu October 27, 2011
Business and the Economy

Three Firms Partner on Biomass Project

LOUISVILLE – A unique three-member partnership utilizing the state’s first active energy services biomass project will bring $22 million in investment and 14 new jobs to Louisville, Gov. Steve Beshear announced Wednesday.  He joined community leaders and officials from The Lubrizol Corp., Zeon Chemicals and Recast Energy to announce the partnership will also keep 340 Kentucky workers on the job.

Read more

8:16am

Thu October 27, 2011
Business and the Economy

The Top of the Breed Coming to the Cup

Next month’s Breeders’ Cup World Championships at Churchill Downs are expected to include a record number of the world’s top thoroughbreds.  Officials announced today that 193 horses have been pre-entered for the two-day event, which features 15 races and some $26 million in purse money.  This is Churchill Downs’ eighth time hosting the Breeders Cup since it was launched in 1984. It moves next year to Santa Anita, California.

Read more

1:17pm

Wed October 26, 2011
Business and the Economy

Companies Search for Employees at BG Job Fair

At least 20 companies will be at a Bowling Green job fair Thursday looking to fill more than 660 jobs. The job fair will be from 11 a.m. to 6 p.m. CDT at Greenwood Mall’s main walkway and is being sponsored by the Bowling Green Area Chamber of Commerce in partnership with the Kentucky Office of Employment and Training.

1:13pm

Wed October 26, 2011
Business and the Economy

Beshear Praises Florence's Road Renovation

Gov. Steve Beshear was in Florence on Wednesday for the re-dedication of Mall Road. The $13 million renovation project was paid for with state funds and Beshear joined Florence Mayor Diane Whalen and other state and local dignitaries for the ribbon-cutting ceremony that signaled the completion of the 17-month project.

1:05pm

Wed October 26, 2011
Business and the Economy

Cincinnati/Northern KY Airport Continues to Downsize

As a downsized Cincinnati/Northern Kentucky International Airport prepares to consolidate all passenger airline service into Terminal 3, it will study whether to keep the remaining two terminals - or tear them down. In June, the airpoirt launched a $31 million renovation that will bring all of its airlines under one roof in Terminal 3 by mid-2012.

10:35am

Wed October 26, 2011
Business and the Economy

Trover Health System Seeks a Partnership

Trover Health System's board of directors is in the final stages of studying a potential partnership with another organization in order to gain more access to capital and resources.
Jim Pearson Madisonville Messenger

Looming health care reform is driving Trover Health System to seek an alliance with another organization to gain access to more capital and resources. “Regardless of what we do, there is a certain level of risk,” said Trover President and CEO Bert Whitaker. “What we are attempting to do by exploring a partnership, if we can find the right partner, ... is try to maximize our opportunity to be successful.”

10:25am

Wed October 26, 2011
Business and the Economy

Hopkinsville Plant Retains Over 200 Jobs

Gov. Steve Beshear visited Propulsys headquarters Tuesday afternoon to announce a $9.5 million expansion for “next-generation” upgrades to the multi-national Hopkinsville plant. Propulsys is one of the largest manufacturers of high-speed, low-torque motors. It has offices in Europe and an additional plant in China. Overall, the company employs 520 people worldwide with 207 workers in Hopkinsville. The expansion is essential to Christian County families since it allows those 207 employees to retain their jobs, Beshear said.

10:16am

Wed October 26, 2011
Business and the Economy

Economic Hardship May Change E'Town Alcohol Sales

Elizabethtown city officials agreed to consider declaring an economic hardship to relax alcohol sales in restaurants. Alcoholic Beverage Control Officer Tom Reynolds told Elizabethtown City Council at a work session Monday he does not expect a relaxation of sales requirements would lead to abuse or a significant increase in enforcement measures. Reynolds said it could reap positive benefits economically and attract new restaurants stifled by the previous requirement.

10:10am

Wed October 26, 2011
Business and the Economy

E'town Works to Finalize New Airline Deal

Elizabethtown Regional Airport was abuzz Monday as crews worked feverishly to finish roughly $5 million worth of infrastructure upgrades to the airport by next month. In addition to a deeper overlay on the 6,000-foot-long runway, the airport is making improvements to its lighting system and its weather service program, said Joe Yates, chairman of the Elizabethtown Airport Board. Elizabethtown City Council got an intimate look at the changes at the airport during its work session, in which the board and its consultant, Luke Schmidt, updated city officials on an aggressive plan to attract a major airline by the end of the year.

11:15am

Tue October 25, 2011
Business and the Economy

Indian Company Breaks Ground on E'town Plant

Flex Films USA will begin placing its stamp on Kentucky this week. The Elizabethtown operation, owned by Uflex Ltd. based in New Delhi, India, will hold a ground blessing and groundbreaking ceremony at 10 a.m. Friday in Elizabethtown. The company makes polyester chips, specialty films, coated and metallized film, laminates, pouches, holographic films and adhesives used in packaging.

Read more

7:17pm

Sun October 23, 2011
Business and the Economy

Hardin Cities Prepare for Alcohol Sales

Law enforcement officials from Elizabethtown, Radcliff and Vine Grove say it is hard to predict what is going to happen once expanded alcohol sales are available, but policing agencies are “absolutely” prepared for what lies ahead. Hardin County Attorney Jenny Oldham said policing agencies in the three cities are “well prepared” and “well trained” for increased alcohol availability and what that may bring.

Read more

7:07pm

Sun October 23, 2011
Business and the Economy

Maysville Factory to Close

By the end of next week, Welco Technologies could be closed.  Maysville-Mason County Industrial Authority Director Gene Weaver confirmed the company, which has set and bypassed several deadlines for closing, is "supposed" to close at the end of the month. "Little by little they've been moving stuff off," Weaver said. Also, the company, which employed approximately 40 employees during its peak employment in Maysville, has gradually been laying off employees, Weaver said.

Read more

7:03pm

Sun October 23, 2011
Business and the Economy

Adcom Wire to Close Plant in December

Adcom Wire Co., located at 220 Stephens Drive, will cease operations in December, according to its parent company, Leggett & Platt.
Mike Moore The Jessamine Journal

Adcom Wire Co. will cease its Nicholasville operations on or before Dec. 19, Wayne Foster, Jessamine County Economic Authority Director, said Friday. “The reason they gave is it’s a consolidation of their operation,” Foster said. “What I’m trying to find out now is how many locations were consolidated and get the specifics on that.” Some 68 employees — 46 support, nine clerical/administrative and 13 management and supervisory positions — will be without a job less than a week before Christmas.

Read more

4:28pm

Fri October 21, 2011
Business and the Economy

TED Conference in Lexington

The annual Technology, Entertainment, Design conference, better known as TED, has expanded its reach around the globe in recent years - and that includes Lexington. Josh James attended this year's event and filed this report.  "Here was my seemingly obvious eureka. I don't know when it happened..." Dr. Dorothy Edwards, author of the Green Dot Violence Prevention Strategy, is speaking to a crowd at the Kentucky Theatre today, spreading her ideas at the second annual TEDxLex.

Read more

1:13pm

Fri October 21, 2011
Business and the Economy

Simpson Co. Land Along I-65 to Remain Farmland

At least for now, the 965 acres along Interstate 65 in Simpson County that was up for auction Thursday will remain farmland. Four of the six parcels pieced together over the years by Bowling Green entrepreneur David Garvin were purchased by Kent and Brad Kelley. The remaining two parcels went to the Franklin-Simpson Industrial Authority.

10:00am

Fri October 21, 2011
Business and the Economy

Madisonville Plastics Plant to Close, Layoff 124

Berry Plastics Corp. plans to close the former Rexam Madisonville plant and layoff its 124 employees by Jan. 31. Plant employee Randy Flahardy wasn’t surprised by the announcement. He noticed production has been slow since the company took over Rexam on Sept. 1. “It was almost like they made the decision to shut us down when they bought us,” Flahardy said.

1:54pm

Wed October 19, 2011
Business and the Economy

Speed Museum Takes Capital Campaign Public

The public phase of the Speed Art Museum’s capital campaign has begun.  The five-year campaign to pay for a second museum building began silently in 2007. Since then, the Speed has raised $42.5 million, which is on track with the campaign schedule.

Read more

1:31pm

Wed October 19, 2011
Business and the Economy

UAW Officially Ratifies Contract With Ford Motors

The United Auto Workers union has officially ratified its four-year contract with the Ford Motor Company.  Louisville’s local 862 UAW helped push for ratification after 53 percent of union workers at Louisville’s two plants favored the new contract. Voting ended Tuesday night on the contract, which includes over $1 billion of investments at the two Louisville facilities.

Read more

1:17pm

Wed October 19, 2011
Business and the Economy

Hong Kong Looks to Strengthen KY Connection

Donald Tong, Hong Kong commissioner for economic and trade affairs in the U.S., answers questions after speaking during the Frankfort Area Chamber of Commerce membership network luncheon at Capital Plaza Hotel Tuesday.
Hannah Reel Frankfort State Journal

Kentucky bourbon becoming popular in Hong Kong may not be as far fetched as you’d think. Donald Tong, Hong Kong commissioner for economic and trade affairs, explained to the Frankfort Area Chamber of Commerce Tuesday how using Hong Kong as a gateway to China and Asia could benefit local businesses. During the chamber luncheon, a local whiskey representative, Tony Scholar, hypothetically asked Tong what it would take to use Hong Kong as a gateway for Jim Beam products.

11:37am

Wed October 19, 2011
Business and the Economy

Louisville’s Ford Union Ratifies New 4-Year Contract

Louisville’s local United Auto Workers union has voted in favor of a new contract with Ford Motor Company. The last of the votes were counted Tuesday night and Louisville’s Local UAW 862 helped push for ratification of the agreement.

Read more

7:45am

Wed October 19, 2011
Business and the Economy

More Review of Rupp Options

One Of the 24,000 people who crowded into to Rupp Arena for Big Blue Madness last week was the architect in charge of devising a plan for its long-term future. Gary Bates of Space Group says he got to see first-hand the drawing power of the venue, but he says there's not enough going on outside Rupp before and after the game.

Read more

12:17pm

Tue October 18, 2011
Business and the Economy

Auto Parts Maker Locates in Glasgow, Creates 100 jobs

GLASGOW – Officials from Canadian-based Beta Tech Inc. announced Monday the company will locate its first U.S. manufacturing facility, Fortis Manufacturing, in Glasgow, creating 100 new jobs over the next several years. The automotive parts supplier’s location will entail a $5.1 million investment.

Read more

4:09pm

Mon October 17, 2011
Business and the Economy

Kentuckians Traveling Along at a Slower Pace

Even in a sluggish economy, people still put some money aside for travel.   Some 400 people who work in tourism-related industries are in Lexington for the annual meeting of the Kentucky Travel Industry Association.  Kay Berggren (BER-gren) is the group’s president.  “We consider travel one of the things that is our…something that we all work for….so that we can get away….we can take our vacation and we can go visit.   That’s one of the first things that will come back when people….when the economy starts to get a little bit better,” said Berggren.

Read more

1:34pm

Mon October 17, 2011
Business and the Economy

Bids Due for Sherman Minton Bridge Repair

Bids for the repairs to the Sherman Minton Bridge will be turned in tomorrow.  The Indiana Department of Transportation is managing the bid process. INDOT has pre-qualified six contractors who could install new steel on the span.

Read more

1:30pm

Mon October 17, 2011
Business and the Economy

Bowling Green Retailers Optimistic About Holidays

It’s the busiest time of year for retail workers. They’re stocking shelves, creating Black Friday plans and, at Target in Bowling Green, managers are hiring 65 additional employees to get the store through the Christmas rush. While local retailers remain optimistic as the holidays approach, experts warn that a lack of confidence in the economy could create a poor sales season.

1:23pm

Mon October 17, 2011
Business and the Economy

Hybrid Vehicle Production to Begin at Harrodsburg Plant

Community leaders and officials from Hitachi Automotive Systems Americas Inc. announced Monday the company has selected its Mercer County plant as the site of its North American lithium-ion battery packs production.

Read more

10:22am

Mon October 17, 2011
Business and the Economy

Louisville Union to Vote on Contract with Ford

The fate of a contract between Ford Motor Company and the United Auto Workers union could come down to Louisville’s local chapter, which begins voting this week on the proposed four-year contract with the company.  There have been mixed reviews on the new contract so far, and in several cities local unions have shot it down. The proposal offers workers signing bonuses and inflation protection, but it does not include several concessions lost when Ford was in financial trouble.

Read more

10:18am

Mon October 17, 2011
Business and the Economy

Pike County Looking into Coal Academy Finances

The Pike Fiscal Court is looking into the finances of the Kentucky Coal Academy, but the reasons for that remain unclear. During the most recent court meeting, magistrates unanimously approved paying a $5.83 bill to Kentucky Community and Technical College System for an open records request the court made regarding the Kentucky Coal Academy, a coal mining training program based in the eastern and western coalfields of the state.

3:45pm

Sun October 16, 2011
Business and the Economy

Northern Kentucky has Record Payroll Revenue

Payroll-tax receipts of Northern Kentucky's three upper counties indicate the region's pay is recovering toward 2008 levels, even as many remain unemployed. Payroll tax receipts received from July through September hit an all-time high for a year's third quarter in Boone and Campbell counties. When combined with Kenton County's receipts the total payroll-tax revenues for the three counties also set a record, a Kentucky Enquirer analysis found.

Read more

3:30pm

Sun October 16, 2011
Business and the Economy

Rupp Arena Faces Crossroads on 35th Birthday

Rodney Grey, with the Lexington Center, cleaned the sidewalk under a banner honoring former UK basketball coach Adolph Rupp outside Rupp Arena on West High Street near South Broadway in Lexington, Ky., Friday, October, 14, 2011. Rupp Arena opened in 1976.
Charles Bertram Lexington Herald-Leader

Thirty-five years ago this week, Rupp Arena opened with its first concert. Since then, the arena named for the legendary Kentucky basketball coach has hosted countless concerts, basketball games, circuses, ice shows and monster-truck rallies. It has undergone two extensive renovations and has been an economic bedrock for downtown Lexington. On the 35th anniversary of its opening concert, Rupp sits at a crossroads as community leaders again debate its future. The question: Can the iconic arena continue to evolve for another 35 years? Or has it become outdated, a relic that needs to be torn down and replaced by a modern complex packed with luxury amenities and electronic gadgetry?

Read more

Pages