Business and the Economy

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.

1:02pm

Fri September 30, 2011
Business and the Economy

Casey Company to Add New Line, New Jobs

Casey County's Tarter Farm and Ranch Equipment is partnering with an Italian farm equipment manufacturer to begin making and distributing some of the Italian company’s products in the United States. In July, Tarter added 75 new jobs and looks to add another 50. The company already employs more than 600 in Casey County.

10:47am

Thu September 29, 2011
Business and the Economy

Questions Follow LEX Motivation Seminar

When Elbert Ray showed up at the Get Motivated seminar in Rupp Arena on Wednesday, he expected his ticket to cost $1.95, the number he saw on the numerous ads leading up to the big event. But that $1.95 was for advance sale tickets only; as the smaller print said on those ads, it was $225 at the door.

Read more

5:21pm

Wed September 28, 2011
Business and the Economy

Less Building, More Training in Airport's Future

As the Bluegrass Airport makes plans for the future, they’re not thinking about construction.  Instead, they see themselves as possibly enhancing their training program.  Partly in preparation for the World Equestrian Games, the Lexington airport underwent a 66 million dollar improvement program.  It included the construction of a new general aviation runway and a renovated airport terminal.  As they write up new plans for the airport, executive director Eric Frankl says further expansion is not in the cards.

Read more

1:21pm

Wed September 28, 2011
Business and the Economy

WKU Speaker is Hopeful for Future Economy

When speaking about the economy, Jim Glassman has a trace of optimism in his voice. That’s because the economist believes the market will rebound, albeit very slowly. Glassman, managing director and senior economist for JPMorgan Chase & Co., spoke Tuesday at Western Kentucky University to bank executives, attorneys, students and other community members about his take on the nation’s economic woes. While he’s confident the economy will improve, he admits it will not be an easy recovery. The recession was both difficult and unusual, and the United States is still suffering.

1:15pm

Wed September 28, 2011
Business and the Economy

Postal Workers, Retirees Rally Against Proposed Cuts

U.S. Postal Service employees John Groves of Alvaton and Debbie Warder of Horse Cave stand Tuesday at the Warren County Justice Center during the national day of action on behalf of postal workers.
Alex Slitz Bowling Green Daily News

Lee Taylor, a U.S. Postal Service clerk from Beaver Dam, stood Tuesday outside the Warren County Justice Center. She came with two purposes: to make her voice heard and to make others aware of why the Postal Service is vital to the country. Taylor joined several other current Postal Service employees as well as retirees as part of a national day of action on behalf of postal workers.

10:16am

Wed September 28, 2011
Business and the Economy

Lawmaker Opposes Proposed Sports Complex Loan

State Rep. Ben Waide won’t provide legislative sponsorship to allocate coal severance tax funds to pay off a proposed $3 million loan for the Hopkins County Sports Complex. The decision likely will delay development of the complex, which Fiscal Court hoped to open for use in 2013. “It was tough because I think the project would be a very nice addition to our community,” Waide said, “but in the end I had to look at the economic impact and make a decision.” The freshman lawmaker casts doubt on estimates that peg the project’s annual economic impact at $1.5 million and discounts its potential to create jobs.

10:14am

Wed September 28, 2011
Business and the Economy

Henry, Trimble Counties Receive Grant for Animal Shelter

The approval of a state grant for $150,000 for the animal shelter proposed jointly by the fiscal courts of both Trimble and Henry counties has put the project on the fast track toward completion within three months. Trimble and Henry counties were recently awarded a $150,000 grant through the Animal Control Advisory Board, a division of the Kentucky Department of Agriculture.

9:57am

Wed September 28, 2011
Business and the Economy

Alcohol Sales Prompt Changes at State Park

Groups using General Butler State Resort Park facilities will notice new policies in place on bringing their own alcohol to the convention center and golf course. These changes come as the park begins selling alcohol under a license granted in August. With this, individuals are no longer allowed to bring their own beer, wine or liquor to the golf course or convention center, a state spokesman said.

6:28am

Wed September 28, 2011
Business and the Economy

Lexington Tax Revenues Up

Lexington city officials are seeing higher revenues than they expected.  Still, the city’s mayor advises don’t read too much into those figures. Revenue in the first two months of this fiscal year are one-point-three million dollars higher than expected.   City Revenue Director Bill Omara says Lexington businesses seem to be making more money and, as a result, are paying more taxes.

Read more

1:30pm

Tue September 27, 2011
Business and the Economy

Tiffany & Co. Opens Lexington Factory

LEXINGTON – Gov. Steve Beshear and first lady Jane Beshear Tuesday joined Tiffany & Co. Chairman and CEO Michael J. Kowalski and Lexington Mayor Jim Gray to celebrate the grand opening of the company’s new jewelry manufacturing center in Lexington. Community leaders and guests were invited to breakfast at Tiffany to commence the opening, which is creating 125 jobs in the community.

Read more

1:13pm

Tue September 27, 2011
Business and the Economy

Children in Poverty still a Kentucky Problem

An advocacy group is calling for legislators to take action in Frankfort to alleviate an increasing poverty rate among Kentucky children. One in four children in Kentucky lives in poverty, according to new statistics released by Kentucky Youth Advocates. Statewide, 262,760 children - 26.3 percent - live in families with incomes less than $22,050 a year for a family of four.

Read more

10:35am

Tue September 27, 2011
Business and the Economy

Maysville Factory Laying Off 30

Emerson Power Transmission Solutions in Maysville is laying off 30 employees. The company told the workers earlier this month, noting it's a continuation of plans announced in January to consolidate operations in the city.

Read more

10:22am

Mon September 26, 2011
Business and the Economy

Fayette Sheriff's Office Could Save Money

As Lexington's Urban County Council continues to explore the broad issue of best management practices for the Fayette County Detention Center, interim jail director Ray Sabbatine says moving some duties to the Sheriff's office could save the city money.

Read more

4:46pm

Fri September 23, 2011
Business and the Economy

Stability Contributes to Strong Keeneland Sale

As Keeneland heads into the final day of its annual September Yearling Sale, the thoroughbred auction company is looking at gross receipts in excess of $220 million, up at least 12 percent from last year. By day eight of the 13-day auction, Keeneland had already surpassed the gross receipts of last year. Keeneland spokeswoman Amy Gregory attributes that to a stabilizing thoroughbred market and growing buyer confidence.

Read more

10:51am

Fri September 23, 2011
Business and the Economy

Gas Station Drive-Offs Continue

Gas-and-go service has taken on a negative connotation as some gas customers, without an old fashion attendant to pump for them, simply fill up and leave the station without paying. Other than the occasional forgetful driver, who usually returns red-faced, within minutes, fuel stations across the region have been experiencing continued drive-off gas thefts that are costly and often unsolved, Maysville area station operators said. In Maysville, the former Shell station on Second Street is often a prime target for theft, police officials said.

10:48am

Fri September 23, 2011
Business and the Economy

Census Data Shows Kentucky Economy Looking Bleak

New data from the U.S. Census Bureau on Thursday painted a bleak picture of Kentucky's economic health. Household income is down. Poverty is up. Low-paying jobs are replacing higher-paying jobs. Use of food stamps and publicly funded health care is up. Median household income fell in Kentucky in 2010 from the previous year by $778 and the share of the state's households that earn annual incomes between $10,000 and $25,000 is increasing, according to the data.

10:41am

Fri September 23, 2011
Business and the Economy

Declining Revenue Driving Post Office Closures

Technology has delivered a blow to postal delivery in recent years, resulting in a decrease in first class mail customers. That was the message delivered Thursday night to residents of Dover during a town hall meeting about the local post office being targeted for a feasibility study to determine if it will be closed. United States Postal Service District Discontinuance Coordinator Bob Redden cited declining numbers of first class mail moving through the USPS by businesses, reduced walk-in traffic, and declining revenues due to online bill payments, as reasons for the study to the crowd of approximately 50 people who filled the Dover Baptist Church.

7:00am

Fri September 23, 2011
Business and the Economy

Ky Youth Poverty Rising Faster Than Adults

Child poverty in Jefferson County is increasing more quickly than Kentucky’s adult poverty rate and all areas of the state are contributing to some of the highest child poverty rates in the nation. Kentucky Youth Advocates (KYA) released information it compiled using data from the U.S. Census’ American Community Survey. The data shows Jefferson County’s youth poverty rate is still under the state-average, which is currently 26.3 percent. But it’s creeping up and being just shy of the state-average is not good enough, said Terry Brooks, executive director of Kentucky Youth Advocates.

Read more

1:09pm

Thu September 22, 2011
Business and the Economy

Income Gap Wider in Northern Kentucky

The gap in household income between whites and African-Americans is wider in Greater Cincinnati and Northern Kentucky than it is across the United States as a whole. New U.S. Census Bureau estimates released today show that the local median household income for blacks locally in 2010 was $29,705 compared to $55,277 for whites only (not including white Hispanics).

Read more

12:49pm

Thu September 22, 2011
Business and the Economy

Jobless Rates Down in 110 Counties

FRANKFORT, Ky. (Sept. 22, 2011) — Unemployment rates fell in 110 Kentucky counties between August 2010 and August 2011, while eight county rates increased and two counties remained the same, according to the Kentucky Office of Employment and Training, an agency of the Kentucky Education and Workforce Development Cabinet. 

Read more

7:00am

Thu September 22, 2011
Business and the Economy

Local TED Event Back in Lexington

An unconventional conference featuring speakers from a variety of backgrounds is returning to central Kentucky. It's called TEDxLex. TED stands for Technology, Entertainment, Design. The non-profit organization started hosting groups of speakers in California back in 1984, and now there are TED events across the country. 

Read more

1:19pm

Wed September 21, 2011
Business and the Economy

Rural Areas Affected by No Saturday Mail

As the U.S. Postal Service continues to lose money by the bagful, the idea of dropping Saturday mail delivery is gaining momentum again. President Barack Obama endorsed the notion Monday as part of his economic growth and debt reduction plan. At the Danville post office Tuesday, Holly Henson reacted passionately to the possibility of losing Saturday mail service. “Sometimes, America just needs to hang on to its traditions,” Henson said. “Even if it doesn’t make financial sense, it makes common sense. It may be broken but don’t fix it.”

1:15pm

Wed September 21, 2011
Business and the Economy

Project Outlines Christian County Public Salaries

People generally do not like to talk about how much money they make. That could explain why it took several weeks for the Kentucky New Era to obtain information about the salaries paid to local public officials working in Christian County. In almost every case locally, that information is not readily available. Most agencies do not list employee salaries on their websites, and a citizen who calls or walks into a public office to ask for the information often has to file an open records request. In some cases, they will be asked to explain why they want the information.

10:44am

Tue September 20, 2011
Business and the Economy

Northern Kentucky Loses Employer to Cincinnati

Omnicare’s decision to move its headquarters from Covington to Cincinnati will hit Covington’s economy hard and may spur Kentucky to change its tax structure and incentives, leaders said. Omnicare employs 500 people in Covington and Fort Wright. The Covington headquarters employs 335 people and accounted for hundreds of thousands of dollars in annual revenue for Covington that will now have to be replaced or cut out of the budget, said Covington City Manager Larry Klein.

Read more

4:47pm

Mon September 19, 2011
Business and the Economy

Fifty New Jobs for Simpson County

FRANKLIN – Community leaders and officials from Premium Services LLC and Worldwide Technologies in Simpson County announced Monday that the two companies will add a total of 50 new jobs in Franklin. Premium Services has chosen Simpson County as the site of its new manufacturing facility, while Worldwide Technologies will expand its existing operations there. The companies will invest a combined $1.6 million in these projects.

Read more

1:16pm

Mon September 19, 2011
Business and the Economy

Free or Reduced Meals for More Students

The Child Nutrition Director for Fayette County Public Schools says nearly half of the district's 38,000 students could qualify for free or reduced meals. Michelle Coker oversees applications for the program, which has added students each school year.

Read more

9:57am

Mon September 19, 2011
Business and the Economy

Pay Phones Still Exist, but Dwindling

Keeneland Race Course has 14 pay phones on its grounds, the third most in Lexington. Only the University of Kentucky (70) and city government (35) have more.
Charles Bertram Lexington Herald-Leader

Of Windstream's 10,000 employees in 29 states, including Kentucky, the telephone provider has just two focused on pay phones. Even that number might surprise some, though, as the phones and their 50-cent calling rates have virtually fallen off the landscape because of the prevalence of cellphones. In all of Lexington, the company has just 327 pay phones, down almost 50 percent from five years ago, said Barry Bishop, regional vice president of operations.

11:47am

Sun September 18, 2011
Business and the Economy

Obama's Job Impact Not Clear

The American Jobs Act, which President Barack Obama rolled out this month, could create several thousand jobs in Kentucky if passed by Congress, according to White House estimates. However, it remains unclear how those new jobs could affect the Bowling Green area, where the unemployment rate was 8.4 in July, according to the Bureau of Labor Statistics. The unemployment rate for Kentucky remained steady in August at 9.5 percent.

1:07pm

Fri September 16, 2011
Business and the Economy

Bowling Green Postal Service Facility May Close

Facing a $10 billion deficit at the end of this fiscal year, the U.S. Postal Service is considering culling by 50 percent its processing centers, with Bowling Green among those being considered for elimination. Bowling Green’s center on Scottsville Road, which lost its outgoing processing services in July, is one of 250 centers being studied for closure in 2012. The cost savings plan, announced by the postmaster general Thursday, also includes changing first-class delivery standards from one to three days to two to three days, according to David Walton, a spokesman for the U.S. Postal Service in Louisville. Closing the Bowling Green facility would affect 56 workers, Walton said.

Pages