Business and the Economy

4:22pm

Thu July 31, 2014
Business and the Economy

Golf Fans Expected to Boost Kentucky Tourism Figures

Credit courier-journal.com

State tourism officials are always working to make Kentucky a common vacation destination.  The Commonwealth will next week be a popular site for golf fans.

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4:26pm

Wed July 30, 2014
Business and the Economy

Record Land Transaction in Hamburg

Credit http://www.bluegrassextendedstay.com/

Fourth Quarter Properties has sold the Lexington Hamburg Pavilion shopping center for a record $185 point 7 million dollars.

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3:36pm

Wed July 30, 2014
Business and the Economy

Simpsonville Outlet Mall Gives Small Town Big Economic Boost

Credit kentucky.com

The Kentucky community of Simpsonville is preparing to welcome thousands of shoppers Thursday. 

A 300 thousand square foot outlet mall, fully leased, will open just off Interstate 64. 

City Administrator David Eaton says for the north-central Kentucky town of about 25 hundred, the economic impression will be substantial.  

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1:33pm

Wed July 30, 2014
Business and the Economy

State Approves Tax Breaks for Ark Encounter

Credit www.techtimes.com

A controversial religious theme park planned for northern Kentucky has been granted a new round of tax breaks by the state.

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4:49pm

Tue July 29, 2014
Business and the Economy

New Auto Manufacturing Group Aims to Speak with One Voice

Credit lanereport,com

Hoping to give the industry a "common voice," the newly created Kentucky Automotive Industry Association launches this week.

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5:24pm

Mon July 28, 2014
Business and the Economy

Bees Buzzing on EKU Campus

Credit Stu Johnson / Weku News

    

There's a buzz of activity this week at Eastern Kentucky University.

Hundreds of beekeepers from several states and outside the U.S. are in Richmond participating in the Eastern Apicultural Society meeting. 

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3:21pm

Tue July 22, 2014
Business and the Economy

Kentucky Bourbon Inventory Tops 5 Million Barrels

Aging bourbon at Buffalo Trace Distillery in Frankfort.
Credit Tom Eblen / Lexington Herald Leader

Kentucky bourbon makers are churning out larger volumes of whiskey being stored for aging.

The Kentucky Distillers' Association said Tuesday the state's bourbon inventory has topped 5 million barrels for the first time since 1977.

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4:16pm

Thu July 17, 2014
Business and the Economy

Technology Helps Kentucky Farmers Save Money and Beef Up Livestock

Making hay in Kentucky has more to do with science than with what the feed looks like.  Knowing what's inside their hay can save farmers dollars and help produce healthier livestock.

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10:40pm

Tue July 15, 2014
Business and the Economy

Big Tobacco Merger, Cool Temperatures on Minds of Burley Growers

Credit fayette.ca.uky.edu

    

Central Kentucky tobacco growers this summer are feeling the impact of the unseasonably cool weather. Growers are also feeling the effect of decisions made in the board room.

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9:32pm

Sun July 13, 2014
Business and the Economy

Morehead Mill to Help Keep Barrels Rolling

Credit kybourbontrail.com

A Morehead wood mill scheduled to open early next year is expected to help keep bourbon barrels rolling out of Lebanon, Kentucky.  

The stave mill, an estimated $10 million investment, could mean 70 new jobs for the region.  Independent Stave President Brad Boswell says the abundance of Kentucky Oak trees was a factor in selecting the Morehead site, "There's a wonderful resource of white oak logs in the Morehead area and we currently buy logs there, but we have to haul those logs to one of our other mill locations.”

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5:13pm

Mon July 7, 2014
Business and the Economy

Plant Groundbreaking Helps Reinforce Economic Recovery

Credit bgdailynews.com

An economics researcher says a groundbreaking for an aluminum plant in western Kentucky sends a bigger message about economic recovery.  Governor Steve Beshear, who was joined by other public and private sector officials, broke ground last week on a $150 million dollar aluminum production plant in Bowling Green. 

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9:20pm

Thu July 3, 2014
Business and the Economy

Kentucky Job Growth Seen at Slower Pace than National Average

Credit bizjournals.com

A federal labor department report released Thursday shows higher than anticipated job creation for June across the U.S.  State Economist Manoj Shanker is also seeing employment gains in many Kentucky counties. "Compared to a year ago, 111 counties out of 120 are doing better than they were a year ago,” says Shanker.  “As the state economy improves, it's almost evenly split, except for some parts of eastern Kentucky.”

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4:13pm

Wed July 2, 2014
Business and the Economy

Gas Prices Could Vary Greatly Across Kentucky This Weekend

Credit thenewstribune.com

Motorists traveling from one end of Kentucky to another this holiday period could see a differing range of gasoline prices.  GasBuddy-Dot-Com Petroleum Analyst Patrick Dehaan says the lowest-priced gas is found near Bowling Green at three dollars 34 cents a gallon.  Compare that to Louisville where travelers may find prices hovering around four dollars a gallon. 

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10:48pm

Thu June 26, 2014
Business and the Economy

Economist Says Advanced Manufacturing Should Include Infrastructure Focus

Credit insiderlouisville.com

The mayors of Kentucky's two largest cities continue to promote an advanced manufacturing economic agenda.  A university economist yesterday cited the state's diverse business makeup as one of its strongest attributes.

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10:42pm

Thu June 26, 2014
Business and the Economy

Honey, Fast Cars Make the Scene at Weekend NASCAR Event

Credit lanereport.com

NASCAR fans could get a taste of Kentucky honey this weekend. Honey produced in Letcher County will be part of the Kentucky Proud display on Saturday during the Quaker State 400 at Kentucky Speedway in Sparta.

In collaboration with the state agriculture department, Kentucky Proud products will be served at the Sparta track for the remainder of the racing season.  

Ted Ratliff has been producing honey in eastern Kentucky for three years. Ratliff says he was approached by the state agriculture department about using his honey at the northern Kentucky track. 

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10:45pm

Mon June 9, 2014
Business and the Economy

UK, City of Lexington to Meet on Rupp Project

Credit kentucky.com

Lexington Mayor Jim Gray and University of Kentucky President Eli Capilouto are scheduled to meet later this week to discuss the Rupp Arena Project.  The meeting this Thursday came at the request of Gray.  Governor Steve Beshear supports the reinvention of Rupp and construction of a new convention center. 

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10:26pm

Wed June 4, 2014
Business and the Economy

400 Mile Yard Sale to Stretch Across Kentucky

Mary Brumm and her husband prepare to set up for the 400 mile yard sale
Credit Stu Johnson / Weku radio

    Four hundred miles worth of bargains are coming to a yard sale near you.  This weekend marks the 11th U-S 68 cross state yard sale. 

Trucks and tractors full of potential sales gathered outside the gate of the Servant Heart Farm Wednesday, waiting for the padlock to come off. 

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10:37pm

Sun May 25, 2014
Business and the Economy

Eastern Kentucky Bee Specialist Set to Begin New Role as State Apiarist

Credit EKU.EDU

    Kentucky's new state apiarist sees her primary role to increase bees and beekeepers across the Commonwealth.  Tammy Horn will join the State Department of Agriculture in just over a week.

Tammy Horn is a senior researcher at Eastern Kentucky University and nationally known beekeeping authority.  Significant bee loss problems have caused great concern for honey makers for several years. 

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5:10pm

Mon May 19, 2014
Business and the Economy

Lexington Lawmaker Says Rupp Poll Results Not Unexpected

Credit kentucky.com

A state lawmaker from Lexington isn't surprised by poll results questioning the use of state funds to help reinvent Rupp Arena and build a new convention center.  The survey showed only 18 percent of those questioned approved of spending state money on the 351 million dollar project. 

Lexington Representative Jesse Crenshaw says it can be hard to sell long-term benefits.  "People look at things and look at it from the standpoint of we have a number of needs that are pressing now, so we should spend anything for the future," said Crenshaw.

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10:48am

Mon May 19, 2014
Business and the Economy

Following Judge's Ruling, Farmers to Plant Hemp

Credit thejointblog.com

Some Kentucky military veteran farmers say they will plant a crop of hemp seeds this week following a federal court hearing.

The Kentucky Agriculture Department had sued the Drug Enforcement Agency over the agency's seizure of hemp seeds imported for research. A judge ruled that the seeds can be released with the proper permits.

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11:46pm

Mon May 12, 2014
Business and the Economy

Kentucky's Harsh Winter Causes Longer Wait for Harvest

Credit localharvest.com

Central Kentuckians may be hankering for local produce, but the wait may be a little longer this spring.  A rather strong winter in many parts of Kentucky put a delay on plantings and the growing season.  

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10:05am

Fri May 9, 2014
Business and the Economy

Lexington Examines Branding Options

Credit new.pentagram.com

Lexington city leaders are examining branding options.  This week, Mayoral Senior Advisor Scott Shapiro laid out a "blue horse" logo option.  He says there is a proliferation of city-related logos with no standard.  "There are things that the city does that you all as council members fund that people of Lexington don't know that the city is responsible for," said Shapiro.

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10:02am

Fri May 9, 2014
Business and the Economy

Kentucky's Electric Utilities Recruiting Veterans

Credit qku.com

Kentucky's most prominent electrical utility is putting out a call for workers with military experience.  

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8:56am

Thu May 8, 2014
Business and the Economy

Blasting Paves Way for Centre Point High-Rise Development

The Centre Point commercial development in the heart of downtown Lexington is in full construction mode.  It's a large scale project, recently redefined in scope, approaching a cost of 400 million dollars and including hotel-retail-office- and condominium uses. 


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11:09pm

Tue May 6, 2014
Business and the Economy

Lexington Leaders Consider Expanding Food Truck Options

Credit kentucky.com

Lexington city leaders are looking into expanding where food trucks can conduct business.  A city council committee reviewed a proposal Tuesday to allow food trucks in professional office zones around the community. 

Division of Planning Director Chris King says proximity to neighborhoods should be considered.  "The only thing that does give me pause is that a lot of times P-1 are very close to residential and were set up and agreed to by neighborhoods as a step down buffer and if a food truck came in running a generator, generating smells, they might not be happy," said King.

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10:56am

Mon May 5, 2014
Business and the Economy

Focus on Business: Scott Clark on Social Media and Website Performance

Scott Clark is an online business consultant and owner of Lexington-based BuzzMaven Labs. He focuses on helping his clients find ways to improve the performance of their websites. And he offers guidance on internet marketing investments and social media activities.  

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4:06pm

Fri May 2, 2014
Business and the Economy

Full Lake Cumberland Ready for Spring Boaters

Credit parks.ky.gov

The president of Lake Cumberland State Dock says all signs point to a tremendous season for tourism. Bill Jasper got good news this week when the U.S. Army Corps of Engineers announced the water level at Lake Cumberland was at its full summer level for the first time in eight years. The water level was dropped in 2007 when repair work began on nearby Wolf Creek Dam.  

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3:58pm

Fri May 2, 2014
Business and the Economy

Thoroughbred Retirement Farm Hopes to Welcome More Derby Competitors One Day

Credit usnews.com

    

The founder of a thoroughbred retirement center in central Kentucky hopes to one day meet some of horses racing at Churchill downs this week.  The "Old Friends Thoroughbred Retirement" facility welcomed one horse just over a decade ago.   President Michael Blowen says there are 150 horses on site today. 

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1:30pm

Tue April 29, 2014
Business and the Economy

Future of Richmond-Berea Economic Plan Receives Mixed Reviews

Credit resilient-home-Berea.com

A Madison County official worries a just-released economic development plan for Madison County lacks on-the-ground support.  Berea Mayor Steve Connelly says there could be a problem turning recommendations into action, saying most people never took notice,  “There was never a conversation of people who would do anything.” He went on to say, “We have a plan but we don't have any implementers.”  Connelly went on to express his skepticism about the plan.

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9:21am

Tue April 29, 2014
Business and the Economy

Focus on Business: Alan Stein on "Reputation Management"

In recent years institutions that we tend to take for granted: our airport, the library, the Kentucky League of Cities, the Kentucky Association of Counties, the Bluegrass Area Development District, have experienced controversies that have shaken faith in leadership, highlighted instances of lax board governance, and most painful of all, damaged reputations.

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