Two Kentucky universities are recipients of hundreds of millions of dollars to further the study of advanced manufacturing initiatives. The University of Kentucky is among nine schools that are part of the American Lightweight Materials Manufacturing Innovation Institute.
A new effort is being launched to better promote the agricultural economy of 37 eastern Kentucky counties. State and federal officials were on hand Monday in Knott County to announce the trademarked brand “Appalachia Proud: Mountains of Potential.”
The former Dillard’s store in the vacant Turfland Mall will become home to University of Kentucky primary care and specialty outpatient clinics. UK HealthCare will be the anchor tenant on the first floor, using some 85 thousand square feet of renovated space.
Kentucky is reporting a 3.5 percent drop in tax collections for December, but state revenue is up slightly for the first six months of the fiscal year. State Budget Director Jane Driskell said today General Fund revenue totaled $912.6 million in December, a drop of $33.2 million compared to the same month in 2012.
A Louisville Metro Councilman plans to ask the state auditor to conduct a review of the Louisville Arena Authority, which oversees the KFC Yum Center. Councilman Dan Johnson says the authority, which is a state body, has been mismanaged, and the University of Louisville’s control over the authority’s board has caused it to underperform.
A Louisville company has created a secure pill dispenser with the aim of combating prescription drug abuse. The Pill Guard is designed to ensure patients get the prescribed dose of medicine at the right time, and it prevents a user from taking too many pills at one time.
Officials with the Bluegrass Economic Advancement Movement or BEAM are looking to increase Kentucky exports. They’ll use a 200 thousand dollar contribution from the JP Morgan Chase Foundation. Eligible small businesses in a 22 county region can secure up to 45 hundred dollars to help gain more product exposure.
A long standing central Kentucky non profit, the Attorney General’s Office, and five banks are establishing a five million dollar home loan fund. Community Ventures Corporation C-E-O Kevin Smith says the program is aimed at assisting up to 70 families who can’t qualify for traditional bank financing.
The University of Pikeville is the latest school to join the Kentucky Department of Agriculture's Farm to Campus Program. The initiative will aim to put more farm-fresh Kentucky Proud products in the eastern Kentucky school's food service system. Another goal is to put more shelf-stable Kentucky Proud products in the Pikeville school's bookstore.
The economic and social troubles of eastern Kentucky were the topic today of two conferences Monday. In Pikeville, nearly a thousand people gathered to discuss strategies for improving the lives of mountain residents. And in Lexington, a preview of this winter’s general assembly session included talk of coal severance funding.
‘Cyber Monday’ is wrapping up, with many of the Commonwealth’s companies offering deep discounts to on-line shoppers. For Kentucky-based Café Press, nearly 99% of its business is conducted via the internet. The Louisville company started in 1999, creating specialty items, like mouse pads, coffee cups, and T-shirts. CEO Bob Marino says his inventory is based solely on demand.
Before heading into the throng of Holiday shoppers, it’s wise to have a plan. That's the recommendation of Jennifer Doom, Public Information Officer with the Kentucky Department of Financial Institutions. Doom suggests mapping out a gift buying budget and strategy for the entire month of December.
Vehicle exports have reached historic levels in Kentucky. They were up 43 percent through the first nine months of the year. It’s a state record. Gov. Steve Beshear said the state exported more than $3 billion worth of vehicles between January and September and will likely top $4 billion by year's end.
To develop the Interstate-64 corridor between Lexington and Louisville, a new report says the region must work with companies already based in Kentucky. Then, they can develop the highly skilled workers needed by advanced manufacturers.
The conversion from psychiatric care to classroom instruction continues at a site occupied by Bluegrass Community and Technical College. The B-C-T-C campus sits in Lexington, just off Newtown Pike. Currently, college President Augusta Julian says bulldozers are knocking down nearby buildings.
A call for a smoking ban inside Kentucky’s workplaces and public buildings has the support of the state’s largest business organization. Representatives of Kentucky’s Chamber of Commerce made a pitch before a legislative committee today. State Chamber Board member Brent Cooper says common health problems can be tied to second-hand cigarette smoke.
U.S. Secretary of Labor Thomas Perez will be in Louisville today to visit a technical training center and participate in a minimum-wage round-table discussion. The visit will begin in the afternoon at the Kentucky Manufacturing Career Center. Perez is scheduled to learn about the skills training initiatives going on there.
Thousands of teenagers will be sporting blue corduroy jackets in Louisville this week as the National FFA Organization Convention returns to the city for the first time since 2005. The Courier-Journal says the four-day gathering is expected to bring close to 60,000 people to the city, generating about $40 million for the local and state economy.
This time of year means additional job opportunities in Kentucky tied to the upcoming holiday season. It’s certainly the case in the bluegrass where three major employers are looking to hire. Winchester Clark County Chamber of Commerce President Cindy Banks says Amazon, General Dynamics, and Pearl Interactive are looking for workers.
The outgoing leader of a mainstay Lexington arts organization would like to see public art continue to flourish. Lexarts President Jim Clark announced his plans Friday to step down the end of June. While admitting he has no concrete future plans, Clark hopes consistent financial support for public art can be realized over time.
After a string of years in decline, housing sales in the bluegrass are moving in the other direction. Unlike other states during the recession, the central Kentucky housing market didn’t see a big drop in property value. But, there were sizeable reductions in the number of houses sold from 2005 until 2012. Then there was a pendulum swing according to Fayette County Property Valuation Administrator David O’Neil.
After much debate, Lexington city leaders have decided to spend a million dollars in economic development incentives. The final amount was much less than requested by Lexington’s mayor.In fact, the Council cut in half the amount of money intended for what the mayor calls a ‘jobs fund.’ Mayor Jim Gray has said the money would go for loans, primarily for local companies creating new jobs.
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.
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.
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.
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.
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.
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.