Kentucky is to receive additional funding to help small businesses that fall short of credit standards.
Governor Steve Beshear's office announced yesterday the state has an additional $5.1 million dollars in a second disbursement from the U.S. Treasury Department's State Small Business Credit Initiative.
The state was awarded a total of $15 point 4 million in July 2011 and is receiving the funding in three disbursements.
Tennessee Valley Authority preliminary figures show power demand at 9 a.m. Tuesday morning reached the second highest winter peak in TVA history.
The utility reports preliminary power demand reached 32,460 megawatts as temperatures averaged 4 degrees across the region. That's 112 fewer megawatts than the record winter demand set in January 2009.
United States Senate Republican Leader Mitch McConnell announced yesterday that the United States Department of Agriculture informed him that tobacco quota holders will receive the full amount of their final tobacco payment by the end of 2015.
Senator McConnell was the primary author of the historic 2004 tobacco buyout. The buyout was created to provide tobacco quota holders with a final opportunity to receive annual transition payments through 2014 in exchange for the termination of all federal restrictions, marketing cards and price support loans for tobacco.
Kentucky Attorney General Jack Conway says the state's substance abuse treatment programs will get a $32 million infusion of funding from settlements with two pharmaceutical companies.
Conway said yesterday that almost $19 million will be used to start a grant program for treatment programs for juveniles.
It will expand treatment beds at existing facilities and create new treatment programs. Another $500,000 will complete construction of a Recovery Kentucky Center in Boyd County to provide treatment in northeastern Kentucky.
Coated papers maker Verso Paper is buying NewPage Holdings in a deal valued at $1.4-billion including debt. Privately held NewPage has 11 manufacturing plants in six states, including one in Wickliffe, KY.