Business and the Economy

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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7:15am

Thu October 3, 2013
Business and the Economy

German Auto Parts in Bowling Green

Credit bilstein-gruppe.de

A Germany-based automotive supplier is planning to build a new production plant in Bowling Green. The $120 million facility will be called Bilstein Cold Rolled Steel and will employ 90 workers. The company says it is building the 150,000-square-foot facility to better serve its North American auto industry customers.

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6:46am

Thu October 3, 2013
Business and the Economy

Derby Pie Case Agreement

Credit en.wikipedia.org

A chocolate-nut pie by any other name may be just as sweet, but it won't be a Derby Pie. Kern's Kitchen, the Louisville-based company that makes the famous dessert, and Claudia Sanders Dinner House  have settled a dispute over the trademark on the name Derby Pie. An agreement has been approved by U.S. District Judge Gregory Van Tatenhove.

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6:21am

Thu October 3, 2013
Business and the Economy

Kentucky Dairy in the Frozen Yogurt Business

Credit irjci.blogspot.com

Kentucky-produced Udderly Kentucky milk will be used exclusively at 11 central Kentucky frozen yogurt shops. The Orange Leaf Frozen Yogurt shops will use all local dairy products. State Agriculture Commissioner James Comer made the announcement Tuesday at one of the Lexington shops and said officials expect the Udderly Kentucky brand to keep expanding.

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4:25pm

Wed October 2, 2013
Business and the Economy

Congressional Deadlock Damages Tourist Businesses Near Kentucky Parks

Cancellations are up at Cave Country RV Campground, which does businss about five miles from the shuttered Mammoth Cave National Park.

The partial federal government shutdown is hitting historical sites and national parklands in Kentucky.  The biggest hurt may be felt in cave country.


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6:51am

Tue October 1, 2013
Business and the Economy

World's Largest Barrel Maker Coming to Morehead

Credit columbiabusinesstimes.com

Ground has been broken in Rowan County for construction of a new barrel making factory.  It should be completed in about a year.  The plant is expected to employ about 70 workers over the next few years.  Independent Stave Company is investing more than seven million dollars in the facility.  It will serve bourbon and wine distillers across the country.

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3:39pm

Mon September 23, 2013
Business and the Economy

Pre-Recession Prices Paid For Keeneland Yearlings Long Gone

Credit Kelly Hieronymus / The Keeneland Association

‘Phenomenal’ is a word used to describe this month’s yearling sale at Keeneland.  Gross sales over its 12 days were up more than 27% over last year.   Director of Sales Geoffrey Russell says their new format worked well.  It saw a broad cross section of yearlings sold at a variety of prices.  Plus, buyers had more time to inspect the merchandise.   Russell says they had their best number since before the recession.

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7:20am

Mon September 23, 2013
Business and the Economy

Craving Food in Lexington

Credit cravelexington.com

Potential chefs received food preparation tips during this weekend’s first ‘Crave Lexington’ festival.  The event at the MoonDance Amphitheater in Beaumont included restaurant dishes made from scratch, food demonstrations, and live music.  Christina Robinson says students from the Sullivan College Culinary program attended the event.

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9:55pm

Wed September 18, 2013
Business and the Economy

Rupp Concepts Reviewed by the Public

Architects answer questions about Rupp concepts
Credit Stu Johnson / Weku News

The public got a chance to quiz architects about their concepts for rebuilding Rupp Arena. Participants at a hearing Wednesday evening at the Kentucky Theater reviewed preliminary plans for upgrades to Rupp, a new convention center, and a waterfront park along a resurrected Town Branch Creek.  Architect Robert Mankin says upper arena in Rupp will offer more than chair back seats in place of bleachers.

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9:43am

Mon September 9, 2013
Business and the Economy

Kentucky Horse Park Listed Among Top "25 Amusement Parks"

Credit Russ Glasson / Flickr, Creative Commons

The first-ever list of the nation’s top 25 amusement attractions by a well-know travel web site includes the Kentucky Horse Park.  The facility dedicated to equestrian sports is on a list generated by TripAdvisor.com.  The park’s director of marketing, Lisa Jackson says the website includes reviews from average travelers.

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5:47pm

Wed September 4, 2013
Business and the Economy

High Tech Battery Developer Drawn To Lexington's Labs/Workforce

High tech battery developer make move to Lexington's Spindletop complex.
Credit Stu Johnson / WEKU News

Another “next generation” battery company is making a move to central Kentucky.  Over the next decade, NOHMs  Technologies plans to create over 150 jobs and invest over five million dollars in the effort.  Founder Nathan Ball says the company develops the liquids, powders, and pastes which go into lithium-sulfur batteries.

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2:49pm

Wed September 4, 2013
Business and the Economy

Instead Of Problem, Study Sees Depot As Economic Opportunity

Congressman Andy Barr (center) looks on as study into Depot's economic potential is unveiled.
Credit Charles Compton / WEKU News

Assuming they plan ahead, a new study says the local economy can thrive, even after the chemical weapons clean-up is complete at the Bluegrass Army Depot. Currently, hundreds of people are employed building the needed infrastructure.  Hundreds more will then go to work destroying the Depot’s chemical munitions.   The clean-up work could take a dozen years, and afterwards, Congressman Andy Barr says there could be rough times.

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3:51pm

Fri August 16, 2013
Business and the Economy

Industrial Benefits Beyond the County Line

Credit pinsourcing.com

A central Kentucky mayor believes economic gains in one community can mean benefits in other nearby towns.  Winchester Mayor Ed Burtner is welcoming Amazon and its 20 million dollar investment to the Bluegrass.  The on-line retailer expects to hire more than 500 people eventually for a customer service facility.

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4:56pm

Thu August 15, 2013
Business and the Economy

Kentucky Corn Production Grows This Summer

Credit wtvq.com

By and large, most Kentucky corn producers are experiencing a much better year compared to last summer.  Drought conditions wiped out many corn fields across western Kentucky.  With steady rains in 2013, University of Kentucky Agricultural Economist Will Snell says it’s been a different story.

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4:46pm

Thu August 15, 2013
Business and the Economy

Meager Revenue Growth Predicted in Kentucky

Credit WKMS.ORG

State budget analysts are predicting ‘less than robust’ growth over the next two years in the Commonwealth’s general fund.  A slight decline is projected in the state’s road fund.   Government financial analyst Greg Harkenrider told a group of Kentucky’s top economists today collections from the individual income tax are expected to go up between one and a half and four percent in the next two fiscal years.

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1:41pm

Thu August 15, 2013
Business and the Economy

Uptick in Summer Unemployment

Credit alliancetrustcompany.com

Kentucky’s jobless rate for July moved up slightly.  The unemployment figure at eight point five percent was one tenth of one percent higher than June’s rate.  Kentucky’s trade, transportation, and utilities sector gained 26 hundred jobs in July.  It’s the largest sector in Kentucky and accounts for about 20 percent of nonfarm employment.

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4:04pm

Thu August 1, 2013
Business and the Economy

College Towns Like Lexington Attractive To Discount Lines Like Megabus

Credit Christy Ramsey / Flickr, Creative Commons

Reporter Stu Johnson on new Megabus service between Lexington and Cleveland.

A bus ride from Lexington to northern Ohio should be quicker and cheaper.  Megabus is launching a new connector service to Cleveland. Catching a Megabus at Lexington’s downtown transit center can start you on your way to Cincinnati.  It’s there, where connectors are available for trips to Chicago, Cleveland, and Buffalo.  

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3:23pm

Thu August 1, 2013
Business and the Economy

With Fewer Yearlings, Good Thoroughbred Prices Predicted

Keeneland's September Yearling Sale, 2010.
Credit Pasi Hiltunen / Flickr, Creative Commons

Keeneland will see an increase in the number of yearling thoroughbreds in the sales ring this September.  Its catalogue, which was released this week, lists three-hundred more horses than were auctioned-off last September.  Keeneland Vice President of Sales Walt Robertson says the increase comes despite the smallest crop of foals in North America in modern times.

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2:59pm

Mon July 29, 2013
Business and the Economy

Local Food Survey Shows Growing Market In Berea

Credit Berea College Farm.

WEKU's Stu Johnson reports on demand for locally-produced foods in Berea.

Efforts are underway in Berea to expand the market for locally grown foods.  Well over half of Berea residents surveyed would like to see more locally grown foods.  The food assessment was led by a group called Berea-LIFE, which stands for ‘Locally Integrated Food Economy.’  Still, the Community Farm Alliance’s Kenny Madden says most folks won’t limit their diets to just locally grown foods.

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1:55pm

Mon July 29, 2013
Business and the Economy

Kentucky, Tennessee Among Nation's Top Car-Makers

Gov. Steve Beshear and Louisville Mayor Jerry Abramson join Ford Motor Company executives and employees at the Louisville Assembly Plant (LAP) to celebrate the company’s planned $600 million investment.
Credit Office of the Governor, Kentucky

Tennessee is, for a fourth consecutive year, ranked Number One in the nation for automotive manufacturing strength. Economic development publication “Business Facilities” has released its annual ranking, showing Tennessee as the top state. There are over 900 automotive plants in Tennessee.  They’ve created over 6600 new jobs and have generated investments of nearly $1.1 billion. 

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9:01am

Fri July 26, 2013
Business and the Economy

New Names Broaden Scope Of Kentucky's Unemployment Offices

Credit Office of the Governor, Kentucky

Gov. Steve Beshear has unveiled a new name for the state's 75 unemployment offices. They've now officially been dubbed Kentucky Career Centers. Beshear said the new name reflects a new focus on services for both job seekers and job providers.

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1:15pm

Tue July 23, 2013
Business and the Economy

New State Agency Nurtures Small Businesses

Governor Beshear tours small business near Bowling Green.
Credit Office of the Governor, Kentucky

The state has created a new agency to help small businesses grow and create jobs.  The Office of Entrepreneurship is intended to enhance similar initiatives already in place.

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6:00am

Mon July 22, 2013
Business and the Economy

Beef Cattle Supplant Tobacco In Rural Madison County

Credit Dchirsoh / Flickr, Creative Commons

A significant transformation has taken place over the last decade in Madison County.  Farmers have shifted from burley tobacco to beef cattle.  County Extension Agent Brandon Sears says annual tobacco production has gone from 12-million pounds a year in the late 1990’s to about a million-pounds today.  Sears says cattle now fuel the agricultural economy.

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4:55pm

Tue July 16, 2013
Business and the Economy

Training Programs For Long-Term Unemployed Funded By State

Credit ekbnews.blogspot.com

Hoping to help Kentuckians who’ve been unemployed for months, the state will spend over a million dollars in federal money on training programs.  Terri Bradshaw with the State Office of Employment and Training says grants will support on-the-job training, customized training, and registered apprenticeships.

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10:48am

Wed June 26, 2013
Business and the Economy

Job Growth Predicted in Kentucky Through 2020

Georgetown University's Center on Education and Workforce

Interview with study co-author Nicole Smith of the Georgetown University Center on Education and the Workforce.

Georgetown University’s Center on Education and the Workforce did a nationwide forecast for job creation for 2010 to 2020, and found Kentucky should do pretty well. Kentucky could expect 15 per cent in overall job growth, from 1.8 million jobs in 2010 to 2.1 million in 2020. Researchers say these numbers depend on relative economic calm - basically no crippling depressions or recessions.

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11:49pm

Fri June 21, 2013
Business and the Economy

Summer Challenges for Non Profits

Credit news.ca.uky.edu

The summertime is known for drawing more people out and about with recreation and vacation related activities.  It can mean less attention on charitable organizations and their year round needs.  Even one agency which typically sees increased response is feeling the pinch.

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8:15am

Fri June 21, 2013
Business and the Economy

Skating for the Invasion

Justin Cornett and Guy Duerson at the skate park
Credit Stu Johnson / WEKU News

Oil up those skateboard wheels as Lexington’s Woodland Skate Park becomes the home of an annual competition Friday.  A large group is once again anticipated for ‘Invasion 2013.’

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11:18am

Thu June 20, 2013
Business and the Economy

Kentucky Unemployment Ticks Up

Credit ekbnews.blogspot.com

Kentucky’s unemployment rate experienced an uptick from April to May.  It rose two-tenths of a percent, going from seven point nine percent in April to eight point one percent in May.  The preliminary May jobless rate was still down slightly from a year ago. State economist Manoj Shanker said  “The Kentucky labor market has softened, but hasn’t lost momentum.  Unfortunately, not all of the new entrants into the labor force were able to find jobs in May, causing the unemployment rate to rise slightly.”

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10:54am

Thu June 20, 2013
Business and the Economy

Gleaning Tax Credit to Help Feed Central Kentucky

Student worker at UK's South Farm
Credit Stu Johnson / WEKU News

Just like a donation to a charity, farmers can now earn a tax break, if they share some of their crops with Kentucky’s poorer residents. 

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