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.
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.
Community leaders and company officials from Florida Tile cut the ribbon Friday on the company’s new headquarters facility in Lexington. Florida Tile announced in July 2009 it was moving its headquarters from Lakeland, Fla., to Lexington. The opening will initially create 25 new jobs, growing to 51 over the term of the incentive agreement. Florida Tile’s capital investment in the project exceeds $3.7 million, according to a press release from Gov. Steve Beshear's office.
In the wake of stricter federal environmental regulations, Kentucky Utilities asked the state Public Service Commission on Thursday for permission to spend as much as $800 million to build natural gas-fired power generators to replace older coal-fired units. KU expects to eventually ask for a 4 percent increase in rates to pay for the new units.
Roughly 184 jobs at Lexington's postal processing center on Nandino Boulevard could be in jeopardy as the U.S. Postal Service tries to pull itself back to financial health. Lexington is one of 250 processing centers nationwide, and one of seven in Kentucky that will be studied in the next three to four months to see whether it makes sense to consolidate services, according to an announcement Thursday from the U.S. Postal Service. More than 35,000 jobs across the country could be affected, with savings of $3.5 billion.
For the fourth consecutive month, Kentucky's unemployment rate remained less than 10 percent, although it stopped declining. The unemployment rate stayed steady at 9.5 percent in August compared to July. The state lost jobs during the month, but a smaller civilian labor force "counterbalanced the job losses, causing the unemployment rate to hold steady," said Justine Detzel, chief labor market analyst for the Office of Employment and Training.
GLASGOW - Community leaders and officials from Akebono Brake in Glasgow unveiled a major expansion at its Barren County facility on Thursday. The $20.6 million project, which added 60,000 square feet to its existing facility, is expected to result in 224 new jobs. Akebono Brake, Glasgow Plant was established in Barren County in 1995 and supplies brakes and brake components to a variety of tier 1 automotive makers. Following the expansion, the Glasgow facility will total almost 400,000 square feet and employ more than 920 Kentuckians.
When an estimated 6,000 to 8,000 Corvette enthusiasts roll into Bowling Green in three years for the 20th anniversary of the National Corvette Museum, officials plan to have a new attraction to show off. Wendell Strode, executive director of the museum, discussed plans Wednesday for a $20 million-plus motorsports park to be built south of Interstate 65 near Exit 28, not far from the museum and General Motors’ Bowling Green Assembly Plant, where Chevy Corvettes are built.
With hunting and fishing opportunities, hills perfect for trail development for ATV's, horses, biking and hiking, Lewis County has the adventure -- now it needs the tourism. Tuesday evening, approximately 50 people attended the first ever Lewis County Tourism Summit. The purpose of the summit was to discuss opportunities in adventure tourism.
Hardin County has topped another list for financial growth, primarily because of Fort Knox's Base Realignment and Closure initiative. The Elizabethtown Metropolitan Statistical Area was first on a list of 366 statistical areas for percentage growth in gross domestic product, according to a report released this week by the U.S. Bureau of Economic Analysis. That measures the market value of goods and services produced by a community. The 14.4 percent increase for 2010 represents a 13.5 percent jump compared to 2009’s increase. The top ranking comes a month after the bureau showed the area in the top spot for personal income growth.
An independent review ordered by the Public Service Commission has found Kentucky Utilities and Louisville Gas and Electric’s customer service falling short of what is expected. The report was released today. The review found that satisfaction with the utility’s customer service has steadily declined since 2008, and that call centers around the state aren’t meeting internal goals for answering calls quickly.
An estimated 17.4 percent of people in Kentucky were living in poverty in 2010, and 17.5 percent had no health insurance, according to preliminary U.S. Census data released Tuesday. Nationally, 15.1 percent of people were in poverty and 16.3 percent lacked health insurance during 2010. Changes in the state's poverty rate and health insurance coverage rate from the previous year were not statistically significant, said Jason Bailey, director of the Kentucky Center for Economic Policy. For a family of four, the poverty line is an annual income of $22,314 or less for a family of four.
Humana is adding 200 customer service jobs to the Medicare sector of its downtown Louisville headquarters. Despite the company’s 2010 cuts of nearly 1,500 positions certain sectors have seen growth, said John Brown, vice president of Humana’s Medicare service operations.
Calhoun and Perdue Grain are partnering to reopen the old Peavey elevator in Hopkins County in time for the fall harvest season. This development will cut costs for many farmers, who were faced with trucking grain to elevators in Henderson and Hopkinsville. Alan Lutz, co-owner of Calhoun, said work is continuing this week to prepare the facility to begin accepting corn on Thursday.
The new zipline at the Evarts Trailhead in Baileys Creek, named Black Mountain Thunder, is set to open Thursday. Members of the Harlan County Outdoor Recreation Board Authority describe the opening as a “soft opening.” “We start off soft to get some money rolling in. We will have a grand opening in October,” said board member Ken Crider. Visitors will be taken on a twelve-lines-long zipline tour that takes them along the mountainside and across the valley. A tour for a group of 10 is expected to take about two hours.
The man who wants to reopen the Kentucky Kingdom amusement park says he’s close to securing nearly $29 million in private funding for the effort, but time is running out for state and local governments to finalize their commitment. Kentucky Kingdom was shut down early last year after its previous operator, Six Flags, declared bankruptcy.
The first million-dollar horse has been sold at Keeneland’s 68th Annual September Yearling Auction. Mandy Pope of Whisper Hill Farm bought a filly by Unbridled’s Song for $1 million. The auction attracts international crowds to bid on and purchase yearlings, who are at their peak sale price in September. The 13-day auction has more than 4,300 horses cataloged this year, but that number is less than previous years, said spokeswoman Julia Balog. Demand dialed down in 2008 because of the economy and breeders focused on more desirable horses, she said.
Third District Congressman John Yarmuth has called the White House to discuss the Sherman Minton Bridge closure. “We have no idea at this point the extent of the repairs that would be needed or even if the bridge can be repaired,” says Yarmuth. “There’s a chance this is going to require a significant expenditure of money and that could require congressional action.” Yarmuth says the bridge’s effect on the local economy is too large to ignore. He’s talked with Senate Minority Leader Mitch McConnell as well.
The Better Business Bureau is reminding University of Kentucky students, especially those new to the area, to stay vigilant when it comes to offers that sound too good to be true. Tech savvy college students may think they're immune to scams, but Heather Clary, a spokesperson for the Better Business Bureau of Central and Eastern Kentucky says the young, as well as the elderly, can be taken for a ride.
Georgia Clemons is only 5 feet tall, but she cuts quite a figure: pastel suit, black high heels, hair coiffed and a twist of pearls around her neck. But she is standing behind the front counter of Georgia's Service Center, a circa 1963 filling station and auto repair shop at the corner of Lexington's Nicholasville Road and Malabu Drive. She owns the place, and she runs it seven days a week.
In the aftermath of Hurricane Katrina in 2005, earthen and cement levies across America came under scrutiny to insure the structures could sustain catastrophic natural disasters. Cities across the nation, including Maysville, are now facing a certification process by the Federal Emergency Management Agency to inspect and correct deficiencies of levees in accordance with 100 year flood guidelines.
Beginning Monday, Toyota Motor Manufacturing, Kentucky will resume plant tours that lead visitors from the birth of three models to viewing the finished product in the visitors center. The free tours will be offered at 10 a.m., noon, and 2 p.m. weekdays, and reservations are recommended. TMMK suspended tours last December as the plant began to transition to building the next- generation Toyota Camry, said TMMK spokesman Rick Hesterberg.
The Benham Power Board has paid off its large debt to Kentucky Utilities. Mayor John Dodd announced the payment at the Benham City Council meeting on Thursday. The large debt, that at one point had the city considering turning over its electric distribution system to KU, was paid with the help of a $100,000 grant from the Richard and Leslie Gilliam Foundation.
A baseball complex, amusement park, giant recreational vehicle facility and restaurants have all been among the ideas conceived or considered for parts of 965 acres along Interstate 65 near Franklin. Bowling Green entrepreneur David Garvin pieced together the property six years ago and hoped to develop Garvin World, based on a concept that featured all things recreational vehicles. Then the economy faltered and three of the major companies interested in the project filed for bankruptcy.
Gov. Steve Beshear announced Thursday that the state has fully paid a $28.2 million bill from the federal government for interest on funds borrowed for unemployment insurance. The payment preserves a critical federal tax credit for Kentucky businesses, prevents the loss of some $30 million in federal administrative funds, and avoids a costly special session for legislators.
The grand opening of the Black Mountain Thunder Zipline attraction at the Black Mountain Off-Road Adventure Park didn’t take place on Labor Day weekend as anticipated. Harlan County Outdoor Recreation Board Chairperson Kim Collier said the liability insurance necessary for opening “was taking longer than anticipated.”
Magnum Hunter Productions Inc., a Texas-based oil and natural gas company, has signed a five-year deal to lease a building from Harlan County government. The firm will move its pipe yard and regional headquarters to Coldiron and with them 50 to 60 new jobs, according to Harlan County Judge-Executive Joe Grieshop.
ACS plans to hire 700 more employees in Lexington and London as it ramps up to temporarily field calls for companies enrolling workers in health care plans. But the plans that will be announced Thursday include hiring 200 permanent workers as ACS, which specializes in providing services to other businesses, is bolstering its call center operations for retail electronics companies.
The latest beige book from the Federal Reserve shows mixed results for the area. Louisville is in the Eighth District, which is centered in St. Louis. Overall, the district saw modest economic growth in July and August, but activity varied from sector to sector. Manufacturing, services and auto sales were up compared to the previous year. But residential real estate activity and non-auto retail sales dropped.