Business and the Economy

9:32am

Tue August 9, 2011
Business and the Economy

Toyota No Longer Largest Carmaker

Toyota Motor Corp. has been knocked from its spot as the world’s largest automaker. General Motors Co. said it sold 4.5 million vehicles worldwide in the first six months of 2011. Volkswagen AG of Germany claims the second spot with 4.13 million vehicles sold. Toyota fell to No. 3 with 3.7 million vehicles sold, a drop of 11 percent from a year earlier.

9:04am

Tue August 9, 2011
Business and the Economy

Discounted Taxes for Theme Park

The city of Williamstown in Grant County has agreed to give a biblically themed amusement park a property tax discount of 75 percent over the next 30 years. Mayor Rick Skinner said the offer is laid out in a memorandum of agreement that will be followed by a formal tax-increment financing deal with Petersburg-based Ark Encounters LLC in coming months. The tax deal is in addition to almost $200,000 given to the company by Grant County's economic development arm as an enticement to keep the project located there, along with 100 acres of reduced-price land.

7:00am

Tue August 9, 2011
Business and the Economy

State Fair Jobs Draw Hundreds

Hiring for temporary positions for Kentucky’s 107th State Fair began on Monday. Around 850 people lined up to fill 275 positions. As WFPL reported, applications will be accepted up until the last day of the fair on Aug. 28.“Some people can only work a couple days a week. We need to hire more people who can work throughout the entire run of the fair,” said Amanda Storment with the Kentucky State Fair Board.

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6:50am

Tue August 9, 2011
Business and the Economy

Hardin Officials Lobby For Alcohol Sales

Hardin County officials say expanded alcohol sales will help the area capitalize on future developments further north.

On October 4th, voters in Elizabethtown, Radcliff and Vine Grove will vote on whether to allow alcohol sales at package liquor stores and in restaurants.

“We become a more attractive location, I think, for some younger professionals and professionals when we’ve got more entertainment options and more restaurant options,” says Hardin County Chamber of Commerce President Brad Richardson.

Richardson hopes expanded sales will attract businesses and residents drawn to the area by Fort Knox. He adds that the appeal would also help the cities if Louisville Mayor Greg Fischer’s plans for a super-region with Lexington and a stronger I-65 corridor come to fruition.

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6:46am

Tue August 9, 2011
Business and the Economy

KY Congressmen Support Bourbon Bill

The entire Kentucky delegation to the U.S. House of Representatives supports a bill to change the federal tax code to benefit the commonwealth’s bourbon industry. Lawmakers contend there is inequality in the Internal Revenue Service because bourbon is aged and must be carried in storage for extended periods compared to other distilled spirits. Introduced by Congressmen Geoff Davis and Ben Chandler earlier this year, the Aged Distilled Spirits Competitiveness Act of 2011 seeks to exempt the natural aging process in the production for distilled spirits. It would allow distillers to deduct the interest expense to pay for their inventory as those costs are incurred.

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1:53pm

Fri August 5, 2011
Business and the Economy

FCC Chair Discusses Broadband Access

This week, a coalition of call center operators promised to create 100,000 new American customer service jobs, many of which could be done from home. But unless Internet access is improved, those jobs will be off-limits to one third of the country.

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1:47pm

Fri August 5, 2011
Business and the Economy

Bargains Lure Shoppers to Famous Yard Sale

The saying goes, “One man’s trash is another man’s treasure,” and perhaps that’s the concept Harrodsburg residents Harold and Audrey Lester kept in mind as they advertised their “classy trash" on Thursday during the first day of the World’s Longest Yard Sale. In the years they have participated in the continuously growing sale on U.S. 127, the Lesters have seen people from every state.

1:44pm

Fri August 5, 2011
Business and the Economy

Clark Co. Firm Receives Grant for New Press

The state has awarded Clark County's Walle Corp. a $600,000 grant it applied for in February to help buy a $3 million press for printing labels, and the company was to receive the money Thursday. In February, Walle Corp., a label supplier for consumer packaged goods, applied for the money through the 2011 Kentucky Community Development Block Grant program.

1:35pm

Fri August 5, 2011
Business and the Economy

No Beach for Barren River Lake State Park

Barren River Lake is finally down to its summer pool, meaning the Army Corps of Engineers beaches should be open. But Barren River Lake State Resort Park chose not to open the beach this summer, Park Manager Lisa Davis said. “We decided not to open because of the resources it would take,” Davis said. “To bring in sand would cost $7,000 and I didn’t think it would be fiscally responsible to do that with just a month left in the season and then have another flood in the spring and have to bring more in.”

12:30pm

Fri August 5, 2011
Business and the Economy

Kroger Participates in Ground Turkey Recall

Cincinnati-based Kroger Co. removed fresh and frozen ground turkey under the Kroger and Honeysuckle brand names from its store shelves in 26 states, including Kentucky, on Thursday and asked customers to check their refrigerators and freezers for the products in one of the largest U.S. meat recalls in history.

1:27pm

Thu August 4, 2011
Business and the Economy

'Best Tasting Water' in Hardin County

Judges can’t get enough of Hardin County Water District No. 2. The water utility once again nabbed first-place honors for best tasting water during the annual Water Professionals Conference, held July 24-27 in Covington, by the Kentucky-Tennessee Chapter of the American Water Works Association. Now, it's on to national competition.

10:57am

Thu August 4, 2011
Business and the Economy

Corbin's Bike Program Shelved

Bikes for the Bike Share Program in Corbin, purchased with a $2,500 grant from Wal-Mart, are kept under lock and key due to lack of interest in the program. Officials feel the unused bikes may be vandalized if left out in the open.
Corbin/Whitley News Journal

A Corbin Main Street Program, funded by the local Wal-Mart store and designed to help encourage bike use in the area, has been shelved almost since it began for lack of interest, city officials say. Marlon Sams, director of Parks and Recreation for the city, says the program hasn't really drawn much interest - an idea that that may work in larger towns, but can't really be shoehorned into smaller, more rural towns, like Corbin.

10:40am

Wed August 3, 2011
Business and the Economy

Bullitt Co. Church Against Project

Louisville Public Media

A Bullitt County church was able to delay a vote on Tuesday to approve a large development project in its neighborhood. Members from Bardstown Junction Baptist Church filled the Bullitt County Courthouse, which approved a resolution to postpone a vote on whether to allow Red Rock Developments to develop a two-million square foot project nearby.

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1:32pm

Tue August 2, 2011
Business and the Economy

Problems Between Boyle, Mercer Red Cross

Changes in the operation of the American Red Cross have led to the dissolution of the Boyle County chapter director position and prompted the chapter board to take matters into its own hands. In a letter received by The Advocate-Messenger, Emanual Gray, board chairman of the Danville-based Central Kentucky chapter of the Red Cross, which serves Boyle and Mercer counties, detailed what he said are troubling financial and administrative changes over the past several years.

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10:41am

Tue August 2, 2011
Business and the Economy

Fleming Hospital Looks For New Leadership

Fleming County Hospital officials are taking the next step toward hiring a full-time chief executive officer as the hospital board is set to interview candidates. It has been six months since former CEO Davie Lloyd resigned from her position in efforts to "pursue other career interests." Effective upon Lloyd's resignation, interim-CEO Joyce Hein took the position and the responsibility that came with it, and has since been working with the hospital board to cut losses totaling more than $3 million.

12:30pm

Mon August 1, 2011
Business and the Economy

Refunds go to 31 KY Coal Counties

A healthy year for coal companies is an economic boon for many Kentucky counties.  Higher than expected mining permit and acreage fees this year means nearly three dozen counties will share more than 612-thousand dollars in state refunds. Breathitt County gets almost 47-thousand. Judge Executive Jason Richardson already has plans for the money.

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10:57am

Mon August 1, 2011
Business and the Economy

Developers Cancel Museum Plaza

The proposed Museum Plaza project in downtown Louisville has been canceled. The tower at 6th and Main streets would’ve been the tallest building in Kentucky. It was put on hold three years ago when the developers could not find a suitable bond deal to finance the project. Hope for the $490 million project was renewed last yearwhen city and state officials announced their intention to seek a $100 million loan from the U.S. Department of Housing and Urban Development. The loan required the developers to find matching funds in the private sector, which they could not.

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6:52am

Mon August 1, 2011
Business and the Economy

LEX/LOU Rail Line in Jeopardy

Plans for a possible rail line connecting Louisville, Lexington and Frankfort are moving forward, but that progress could soon stop. The man behind the concept is leaving his job. Executive director of the Kentucky Capital Development Corporation Ralph Tharp first released his plans for the line earlier this year. But his contract with the corporation will not be renewed. Tharp says he has the support of mayors along the route and he will continue to work on the project until his contract expires in October.

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10:01am

Sun July 31, 2011
Business and the Economy

Coping with Religious Hospital Mergers

Later this month, officials with University of Louisville Hospital, Jewish Hospital and Catholic Health Initiatives will address a General Assembly committee on the hospitals’ pending merger.  The principals were called before state lawmakers over concerns that reproductive and end-of-life services will be changed once the Catholic Health Initiatives owns a majority of the other facilities. CHI will have a 70 percent share of University Hospital and the doctors will follow Catholic health directives.

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9:56am

Sun July 31, 2011
Business and the Economy

Celebrating 50 Years of Candymaking

Jennifer Seagraves, owner of Mom Blakeman's, enjoys Friday's 50th anniversary of the Lancaster candy business.
Clay Jackson The Advocate Messenger

For something that melts rather quickly, Mom Blakeman's Creamed Pull Candy has showed remarkable staying power. "It is really still the best kept secret anywhere," said Pam Williams, who runs the store and the company's day-to-day operations. "It's also one of the most unique candies anywhere." The secret was out Friday as those responsible for maintaining the legacy of Lancaster's buttery smooth signature confection celebrated the product's 50th birthday with a packed party at the current store where the candy is now made and sold.

9:51am

Fri July 29, 2011
Business and the Economy

Jobless Rates Down in the Past Year

Unemployment rates fell in 96 Kentucky counties between June 2010 and June 2011, while 19 county rates increased and five counties remained the same, according to the Kentucky Office of Employment and Training. Woodford County recorded the lowest jobless rate in the Commonwealth at 7.4 percent while Jackson County had the highest rate at 16.8 percent.

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3:39pm

Thu July 28, 2011
Business and the Economy

Hiring Near for State Fair

Hiring will begin early next month for about 275 temporary jobs at the Kentucky State Fair.The positions include maintenance and housekeeping staff, admission gate keepers, tour guides and tram drivers. Wages begin at $7.25 an hour. Hiring begins Monday, August 8 and continues through the fair’s ten-day run, which begins on August 18. Application must be made in person.

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1:09pm

Wed July 27, 2011
Business and the Economy

Wood Waste Fuel Efficient and Cheap

Boyle County has a new way to dispose of wood waste from both industries and individuals that should save the county money while helping power a Campbellsville company. Boyle Fiscal Court approved an agreement Tuesday with Cox Interiors Inc., a business that mills interior doors and windows, under which the company will chip and haul untreated wood to be used as fuel.

1:02pm

Wed July 27, 2011
Business and the Economy

Energy Efficient Farms Split Funds

The state Wednesday announced the awarding of $773,447 in On-Farm Energy Efficiency & Production Incentives grants. The program is a partnership between the Governor’s Office of Agricultural Policy and Kentucky’s Department for Energy Development & Independence with funding from the American Recovery & Reinvestment Act through the U.S. Department of Energy.

10:18am

Wed July 27, 2011
Business and the Economy

Marion County Gets Grant for Senior Center

Gov. Steve Beshear Wednesday announced a $500,000 Community Development Block Grant to the city of Loretto in Marion County to help renovate a city-owned, former nursing home facility to a new senior citizen’s center.

10:10am

Wed July 27, 2011
Business and the Economy

Post Office Considers Closing Locations

The U.S. Postal Service is considering close more than 10 percent of its retail locations nationwide. That means the post office will study the closing of more than 3,600 local offices, branches and stations for possible closing. Several dozen are in Kentucky.

2:44pm

Tue July 26, 2011
Business and the Economy

Looking for a Colonel of Truth

Kentucky Fried Chicken is looking for your Colonel Sanders stories. Photos, videos, and anecdotes - all relating to KFC's iconic founder - will be collected at ColonelSanders.com. Friends and family say there's more to the colonel the famous image that's printed on KFC restaurant signs and chicken buckets across the world. The goateed entrepreneur was born in 1890 and went from rags to riches, founding the world's largest chicken restaurant chain. Now the company is eager to introduce him to a new generation.

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1:45pm

Tue July 26, 2011
Business and the Economy

Concerns Voiced on Post Office Closings

The U.S. Postal Service released a list Tuesday of 3,653 post offices that could be closed, including three in Louisville. But local civil rights leaders are concerned about one of the sites being reviewed because it serves as the only retail store in the city’s West End.  Thousand of offices are being studied for possible closure because of “lower foot traffic and revenue,” as the financially troubled agency continues to find ways to cut costs.  In fiscal year 2010, the Postal Service suffered a $8.5 billion net loss and posted a loss of $2.2 billion in the last quarter, according to CNN.

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1:40pm

Tue July 26, 2011
Business and the Economy

KY Forums Focus on Job Growth

Today marks the beginning of a series of public meetings organized by Kentucky's Cabinet for Economic Development to be held across the state.  The meetings will focus on a hot topic in Kentucky and across the nation: job growth and investment. The idea is to identify emerging business sectors - and gather citizen input on how best to position those businesses for success. Holly Spade, director of the Office of Legal Services for the Cabinet, says the list of forums could grow longer.

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10:22am

Tue July 26, 2011
Business and the Economy

Toyota Production Down this Year

Toyota Motor Corp. announced Monday that its production dropped 23.3 percent worldwide in the first six months of 2011. Company officials say the March 11 earthquake and tsunami severely affected the parts supply, leading to production slowdowns. The supply issue remains a concern at some North American and Japanese plants. But in Georgetown, Toyota Motor Manufacturing, Kentucky has been running at 100 percent production since June.

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