Business

Business
2:29 pm
Mon July 7, 2014

Aluminum Plant Groundbreaking Signals Economic Recovery

An economics researcher says a groundbreaking for an aluminum plant in western Kentucky sends a bigger message about economic recovery.  Governor Steve Beshear, who was joined by other public and private sector officials, broke ground last week on a $150 million dollar aluminum production plant in Bowling Green. 

 

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Business
6:38 pm
Fri July 4, 2014

Ky. Distilleries Set to Receive Bourbon Barrel Tax Credits Next Year

The M.B. Roland Distillery operates in Pembroke, Ky.
Credit mbrdistillery.com

A new state law aims to soften the impact of property taxes on Kentucky’s bourbon distilleries.

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Business
7:52 am
Fri July 4, 2014

Immigration Reform Could Help Kentucky Economy

Credit kypolicy.org

The study, “New Americans in Kentucky,” was published this week by the Kentucky Center for Economic Policy. It found that immigrants make up 3 percent of the state’s population, with one-in-five immigrants to Kentucky originating from Mexico. Kentucky’s immigrant population grew faster than all but six states from 2000 to 2012.

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Business
11:58 am
Thu July 3, 2014

Massac County Receives $3.5M Property Donation

Credit Facebook

A Metropolis, Ill. bank is donating its current building and some residential property to Massac County to house some government functions currently located at the Massac County Courthouse. The estimated $3.5 million worth of property comes from Banterra Bank. 

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Business
11:42 am
Wed July 2, 2014

Paducah’s Mail Processing Facility Set to Close, Could Lead to Longer Delivery Times

Credit wikipedia.com

Mail delivery times could lengthen in the Purchase area with the oncoming closure of Paducah’s processing plant.

The US Postal Service announced the consolidation of more than 80 mail facilities this week.

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Business
6:50 am
Wed July 2, 2014

Paducah Closer to New Downtown Hotel

Credit Lance Dennee

The city of Paducah is one step closer to a new downtown hotel. The Kentucky Tourism Development Act Authority Board approved $4.5 million in tax credits to build the Hilton Garden Inn at the pavilion site adjacent to the Julian Carroll Convention Center according to Paducah Riverfront Development Authority director Steve Doolittle.

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Business
11:13 am
Tue July 1, 2014

Proposed Gas Pipeline to Route Through Henderson

The green line is the proposed route for the Southern Indiana Market Lateral.
Credit http://www.txgt.com/ExpansionProjects.aspx?id=4294967397 / Texas Gas Transmission, LLC

Texas Gas Transmission is planning to build a 30 mile natural gas pipeline through Henderson County, Kentucky. Known as the Southern Indiana Market Lateral, it will extend from Texas Gas mainline facilities in southern Henderson to Posey County, Indiana, to serve the new Midwest Fertilizer and SABIC Innovative Plastics plants.

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Business
10:00 am
Tue July 1, 2014

Skimpier Health Plans Could Impose Big Out-Of-Pocket Costs

iStockphoto

Originally published on Tue July 1, 2014 2:02 pm

People are worried about being able to pay for health insurance. So the insurance industry and a group of Democratic senators have proposed offering cheaper, skimpier "copper plans" on the health law's marketplaces that could draw in people who were unhappy with the cost of available plans.

But consumer advocates and others who study the insurance market suggest that there may not be a big demand for these plans and that they could expose people to unacceptably high out-of-pocket costs if they got sick.

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Business
10:00 am
Tue July 1, 2014

How Many Companies Will Be Touched By Court's Contraception Ruling?

The Supreme Court said protecting the free-exercise rights of owners of corporations, such as Hobby Lobby Stores, protects religious liberty.
Ed Andrieski AP

Originally published on Mon June 30, 2014 5:46 pm

When the Supreme Court ruled Monday that "closely held" corporations don't have to pay for workers' contraception, you may have assumed the decision applied only to family-owned businesses.

Wrong. An estimated 9 out of 10 businesses are "closely held."

However, some benefits experts question just how many of those companies would want to assert religious views.

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Business
7:26 am
Tue July 1, 2014

Genova to Start Production in Paducah Mid-July

Credit Lance Dennee

The McCracken County Fiscal Court approved a lease to Genova Products, a Michigan-based vinyl and plumbing products company, for the former Infiniti building for ten years with an option to renew at $298,000 annually during a special meeting last night. Greater Paducah Economic Development Corporation president and CEO Chad Chancellor said Genova can start manufacturing by the middle of the month.

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