Business and the Economy

10:27am

Thu October 13, 2011
Business and the Economy

Hopkins County Draws $11 Million Carhartt Investment

Kentucky Gov. Steve Beshear gestures as he speaks to employees and visitors at the Hanson Carhartt Distribution Center Wednesday afternoon. The ceremony announcing Carhartt's plans to spend $11 million on their Hopkins County facility.
Jim Pearson The Messenger

Carhartt plans to invest $11 million to upgrade equipment at its burgeoning Hanson distribution center, which has already added 150 new jobs this year. The investment, coupled with Gov. Steve Beshear’s unveiling of $3 million in state tax incentives, drew cheers from workers, city, Hopkins County and state officials gathered at the plant Wednesday afternoon.

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10:21am

Thu October 13, 2011
Business and the Economy

Movie Production Company Cuts TV Deal

A Kentucky-based movie production company specializing in horror and thriller movies has struck a television deal with the nationally syndicated program Macabre Theatre. That means Big Biting Pig Productions' movies, shot all around Hopkins County, will be seen in more than 160 U.S. television markets.

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7:44am

Thu October 13, 2011
Business and the Economy

KY Racetracks Struggle to Grow Business

A member of the Kentucky Horse Racing Commission is challenging racetracks to be more innovative in order to compete with surrounding states for business. As race tracks have proposed 2012 schedules, some tracks are cutting the number of racing days. “We’ve got to do something to lure people back to the tracks,” said Commissioner Tom Ludt. Thunder Ridge in Prestonsburg has requested cutting race days off the schedule because it can’t afford to stay open. Tracks should try more innovative options like nighttime racing, said Ludt. Track officials should stir waves and challenge operations, he said.

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1:13pm

Wed October 12, 2011
Business and the Economy

Danville is Per-Capita Capital of Microbrewing

It hasn't taken long for Danville to write some history since going wet last year. In fact, the owners of the town's second and newest brewing operation will tell you last month's opening makes Danville the per-capita capital of microbrewing. "There is one brewery for every 7,500 people now," Lee Rossman said Tuesday, with a smile, before wife and co-owner Ashley added that this moves Danville slightly ahead of Portland, Ore.

12:08pm

Wed October 12, 2011
Business and the Economy

Carroll Fiscal Court to Lease Camp Kysoc

Carroll County Fiscal Court will lease the Camp Kysoc property in a move that will eventually allow it to be used for recreational opportunities and special events. Cardinal Hills Healthcare, which operated the camp under its Easter Seals program, closed the camp last year because it was losing money and turned the property back over to the Kentucky Department of State Parks.

12:00pm

Wed October 12, 2011
Business and the Economy

Coca-Cola Dispenser Increases Business

Firehouse Subs is one of two restaurants in Lexington that has the Coca-Cola Freestyle machines that allow people to blend flavors to create hundreds of drink combinations.
Mark Cornelison Lexington Herald-Leader

The next step in the evolution of the soda fountain is here, and it brings with it a computer. The Coca-Cola Freestyle machine, with its 100-plus choices of Coca-Cola brand beverages, has been bubbling up business for restaurants nationally, including Firehouse Subs and Moe's Southwest Grill in Lexington.

10:16am

Wed October 12, 2011
Business and the Economy

FEMA's Low Funding Puts Hold on Fleming Projects

In September, as the Federal Emergency Management Agency encouraged Americans to "be prepared," the agency itself came under scrutiny for running low on funds. Approved projects began to get notices the same month. A projected deficit placed restrictions on FEMA funding and has jeopardized timely repairs to Goddard Road in Fleming County, county officials said.

10:06am

Wed October 12, 2011
Business and the Economy

Hopkins Factory to Receive Tax Incentive

Gov. Steve Beshear plans to announce a $3 million tax incentive today that will enable Carhartt to upgrade equipment and add jobs to its distribution center in Hanson. Carhartt has hired 225 workers in the past two years, increasing the company’s total number of workers in Hanson up to 675.

9:54am

Tue October 11, 2011
Business and the Economy

Increased Fire Risk In western KY.

Warm and dry usually makes for great weather conditions, but long periods of warm and dry can also make for an elevated fire risk. According to the National Weather Service in Paducah, Western Kentucky hasn't experienced a good, soaking rain since Sept. 25. There was some precipitation on Sept. 27 and 28, but only "trace" amounts. Fire officials said fires are easily sparked when grass and brush dry out.

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9:46am

Tue October 11, 2011
Business and the Economy

Future of KY. Solar Panels Bright

The sun shines bright on our Kentucky homes, and Alternative Energies Kentucky LLC thinks that could become a great business opportunity. Last year, Alternative Energies became Kentucky's only manufacturer of photovoltaic panels, which convert sunlight into electricity to power homes and businesses.

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4:48pm

Mon October 10, 2011
Business and the Economy

Accident Prevention at Ford

 

Ford Motor Company is showing off new technology in Louisville that allows cars to communicate with each other. The technology would help prevent some 80 percent of all light-vehicle crashes, according to a National Highway Traffic Safety Administration report. Ford demonstrated its research project in the parking lot at Papa John’s Cardinal Stadium. The cars monitor a 300 meter circle and communicate with other cars using wi-fi and GPS and warn drivers of potential accidents.

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10:27am

Mon October 10, 2011
Business and the Economy

New Pike Nightclub Prompts Complaints

A new taste of the night life has come to the East Kentucky Expo Center, but at least one local business owner has been left with a bitter taste in her mouth. The Expo Center’s new dance club, “Club Extreme,” opened Thursday and offered drinking and dancing to a 21-and-over crowd. Pikeville City Manager Donovan Blackburn announced the establishment of the club during a recent city commission work session at the University of Pikeville. 

6:50am

Fri October 7, 2011
Business and the Economy

Breeders Adapt to New Market Realities

ANNUAL NORTH AMERICAN REGISTERED FOAL CROP.
The Jockey Club

When the final hammer went down at Keeneland's September yearling sale, almost 3,000 horses had sold, 500 fewer than last year.  However, they sold for over $233-million, which represents an increase of almost 13%.  Plus, the average value of each horse was up 18%. "I've farmed 45 years. We raise tobacco and horse operation. We grow our own hay, our own bedding. We board horses and my brother and I have horses together. We're farmers that love horses,” said horse breeder Frank Penn.

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1:24pm

Wed October 5, 2011
Business and the Economy

Louisville's Boys and Girls Clubs Unsure of Merger

Michael Hawley
Louisville Public Media

Louisville’s four Salvation Army Boys and Girls Clubs will close this month and it remains uncertain if and when a merger with Kentuckiana Boys and Girls Clubs will happen.  It’s hopeful that clubs will reopen by year’s end, said Michael Hawley (pictured), the Salvation Army’s Louisville area commander.

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12:56pm

Wed October 5, 2011
Business and the Economy

Kentucky Power Chief: Rates Going Up, EPA to Blame

Greg Pauley’s message to Kentucky Power customers these days is simple — your electric bill is likely going up and the Environmental Protection Agency is to blame. The COO and president of Kentucky Power, Pauley delivered the message to a crowd at Pikeville's Landmark Inn on Monday, as a part of a series of visits throughout the company’s service area to explain to customers the challenges the company is facing.

10:31am

Wed October 5, 2011
Business and the Economy

Oak Grove Alcohol Ordinance to Help Developing City

The ordinance passed by the Oak Grove City Council on Sept. 20 allowing the sale or service of alcohol at convention centers, conference centers and sports arenas was praised as a means of revenue for the city and also forward-looking as the city grows and develops.

10:26am

Wed October 5, 2011
Business and the Economy

Fire Destroys Murray Popcorn Company's Headquarters

Crews battle a fire at Ellis Popcorn in Murray. Smoke rises above the building early Tuesday morning.
Greg Travis Murray Ledger & Times

An early-morning fire Tuesday reportedly damaged much of the Ellis Popcorn building in Murray. According to at least one offical, the building may be a total loss. The state fire marshal has been contacted, and an investigation will continue, it was reported. The cause of the fire has not been determined.

10:16am

Wed October 5, 2011
Business and the Economy

Lexington Racetrack to Sell Land for Student Housing

Drivers at The Red Mile worked their horses on the backstretch, where an apartment complex already exists. The Red Mile plans to sell 10 acres including its Tattersalls sales pavilion to create more housing aimed toward university students.
Charles Bertram Lexington Herald-Leader

Lexington's Red Mile's Standardbred racetrack has a contract to sell 10 acres facing South Broadway, including the former Tattersalls sales pavilion, where a developer plans a major student housing project. Hallmark Campus Communities of Columbus, Ohio, proposes to build an 832-bed project with four four-story buildings, a swimming pool, a pool house with an exercise center, and outdoor volleyball and basketball courts.

10:12am

Wed October 5, 2011
Business and the Economy

Six Harlan Post Offices May Close

Lloyd Fleenor goes to the Lejunior Post Office every day to get his mail. He is opposed to the postal service's plans to close the office. Fleenor believes that the closing would have a negative impact on people in the community.
Anders Eld Harlan Daily Enterprise

In recent weeks, the United States Postal Service has posted proposals of possible closing at six post offices in Harlan County. At the offices in Big Laurel, Closplint, Cranks, Lejunior, Putney and Totz there are now three-page documents hanging in the lobby detailing the reasons for the proposed closing. Public meetings where representatives from the postal service were available to answer questions and provide information have been held at Putney and Totz. But more meetings will be held in the next few weeks.

11:31am

Tue October 4, 2011
Business and the Economy

Galls of Lexington Sold

A New York-based private investment firm announced Monday it has bought public safety equipment provider Galls with an eye toward acquiring smaller firms in its industry and folding them into the Lexington-based company's operations. CI Capital Partners acquired Galls for an undisclosed sum from food service and uniform company Aramark.

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11:27am

Tue October 4, 2011
Business and the Economy

Despite Rain, Farmers See Losses

Despite having near record rains this year, farmers say crops are showing signs of stress typically seen during droughts. "This has been a bizarre season," said Joe Boggs, with Ohio State University's Hamilton County Extension office. "We had a lot of wetness in spring and then mid-season the faucet shut off and then we had extreme hot temperatures with wind, which is like a hairdryer."

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10:01am

Tue October 4, 2011
Business and the Economy

Poor Ky. Economy Could Jeopardize Workplace Safety

These tight economic times could tempt some companies to cut back on workplace safety. Kentucky Labor Secretary Mark Brown says that may mean spending less such things as protective equipment and training sessions. Brown understands business concerns but insists there’s no substitute for safety.

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7:25am

Tue October 4, 2011
Business and the Economy

Lawmaker Hopeful About KY. Kingdom Reopening

A Kentucky lawmaker whose district includes the shuttered Kentucky Kingdom amusement park says he’s optimistic the state fair board will find an operator for the facility. State Representative Jim Wayne says he was surprised to hear that negotiations with developer Ed Hart to reopen the park fell through last week. Fair board president Harold Workman says the board was unable to come to an agreement with Hart on where certain revenue streams would be steered.

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4:16pm

Mon October 3, 2011
Business and the Economy

Tempur-Pedic Expands Headquarters

Despite a stalled economic recovery and shaky consumer spending, one Lexington company is expanding its global headquarters. Their products may be meant to put you to sleep, but the CEO of Tempur-Pedic says his company is doing anything but lying down. 

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4:06pm

Mon October 3, 2011
Business and the Economy

Pickets Organize Outside Kentucky Banks

Protesters have set up in downtown Lexington and are promising to stay in place until there is real reform in the banking industry.  This afternoon, about a dozen picketers remained outside the Chase J.P. Morgan offices on Main Street.  If necessary, spokesman Greg Capillo says they’re prepared to stay. “As long as the will is here to stay here indefinitely, then we’ll be here indefinitely, and we’ll cross the winter bridge when we get to it.  But, we’re not going to be the only people dealing with that,” said Capillo.

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1:43pm

Mon October 3, 2011
Business and the Economy

Louisville Finalizes 4th Street Plan

Louisville’s Downtown Development Corporation could finalize a plan to bring more retail to south 4th Street this week.  The plan was first introduced last month. It outlines how the DDC can bring in new anchor businesses to the area between Broadway and Muhammad Ali Boulevard, then fill the areas in between with smaller shops.

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1:25pm

Mon October 3, 2011
Business and the Economy

Simpson Co. Firm Expands, Creates 25 Jobs

Danafilms Inc. will add a new produce line and invest just over $12 million in its Simpson County plant. The German-owned company will nearly double the size of its Franklin workforce, creating 25 new jobs as a result of the expansion.

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1:03pm

Mon October 3, 2011
Business and the Economy

Louisville Orchestra Musicians Vote on New Contract

The musicians of the Louisville Orchestra are voting today on a contract for the current and upcoming seasons.  The musicians and management have been at odds over the contract for months, and the impasse has resulted in the cancellation of three months of concerts. The management had previously pushed for a tiered system, with musicians signing contracts for 10, 20 or 30 weeks. The musicians countered with a proposal to cut the number of full-time players from 71 to 60 and the season length from 37 to 35 weeks.

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9:36am

Mon October 3, 2011
Business and the Economy

No. KY. Manufacturers Want More Grads

Manufacturers in Northern Kentucky say they need more graduates from the Center for Advanced Manufacturing at Gateway Community & Technical College. Slightly more than a year after Gateway opened the $28.5 million building on its campus off Mount Zion Road, it's producing about 115 manufacturing technology graduates a year, but even Gateway officials acknowledge that local manufacturers probably need 300 or more every year.

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2:50pm

Sun October 2, 2011
Business and the Economy

Officials Fight Off KCTCS in Scott County

Scott County officials are increasing the intensity of their efforts to encourage the Kentucky Community and Technical College System to keep a high priority on building an advanced manufacturing training facility in Georgetown. "What we fear is its priority-funding status is slipping, relative to other projects around the state," Scott County Magistrate Tom Prather said. The Georgetown project stands in 11th place on the KCTCS priority funding list. It once ranked as high as fifth, according to Mark Manuel, Bluegrass Community and Technical College's vice president for workforce and institutional development.

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