Business

Business
9:17 am
Thu October 31, 2013

Grimes Fights To Save Paradise Fossil Plant

Credit ky.gov

Democrat Alison Grimes has joined Senate Republican Leader Mitch McConnell in urging the Tennessee Valley Authority to keep a coal-fired generating plant operating in western Kentucky.

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Business
6:24 am
Wed October 30, 2013

Big Rivers Rate Increase Approved

Credit wikipedia.org

The Kentucky Public Service Commission has approved a rate increase for customers of Big Rivers Electric Corporation.

The utility sought the increase to absorb the loss of its biggest customer, an aluminum smelter.

The PSC authorized Big Rivers to seek an additional $54.2 million from customers. That is about $20 million less than requested.

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Business
7:19 am
Fri October 25, 2013

Siemens Expanding In Crittenden County

Kentucky Gov. Steve Beshear joined company officials and local leaders in Crittenden County yesterday to announce the more than $2 million expansion at Siemens’ rail automation facility.

The German-owned company will create 50 new jobs as a result of its expanded facility.

The Marion facility employs 200 workers and engineers control systems for railways and transit authorities.

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Business
2:48 pm
Thu October 24, 2013

Rockin' 4 Research in Madisonville Benefits Cancer Society

Madisonville Hudson Toyota's Lisa Moberly talks about its "Rockin' 4 Research Festival" featuring six live bands and Relay for Life teams at the dealership Saturday, raising money for the American Cancer Society. 

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Business
6:52 am
Thu October 24, 2013

IL Casino Bill Waiting On House Vote

Credit Facebook

Illinois lawmakers have re-opened talks on a bill to expand gambling, but many of the concerns from earlier proposals remain. The House Executive Committee held a hearing yesterday on a measure to add five casinos and allow slot machines at major airports.

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Business
12:52 pm
Mon October 21, 2013

9to5 Seating Company Announces Manufacturing Facility in Union City

Credit Wikimedia Commons

Tennessee Governor Bill Haslam and Economic and Community Development Commissioner Bill Hagerty announced Monday that the 9to5 Seating Company will relocate manufacturing operations to Union City and create upwards of 500 jobs. 

The announcement is welcome news for the community that has been spending the last few years trying to rebuild a manufacturing economy after Goodyear Tire shutdown a 1,800 employee plant in 2011.

The move represents an investment of $39.5 million for the ergonomic seating company. Governor Haslam thanked the company for its investment and said the decision reinforces his goal of making Tennessee a location for high quality jobs.  

Obion County Economic Development Director Lindsey Frilling said 9to5 will move manufacturing from its facility in China to Union City's Northwest Regional Industrial Center. Frilling said the boost to employment will be significant. 

"Anticipated jobs at the end of 2014 is about 73 jobs," said Frilling. "And then from then on, up until five years, you're looking to get it up to 510 jobs."  

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Business
4:26 pm
Fri October 18, 2013

Ill. High Court Invalidates 'Amazon Tax' for Sales

Credit Wikipedia

The Illinois Supreme Court is invalidating a two-year-old Illinois law charging taxes on certain Internet sales. The justices ruled 6-1 in an opinion released Friday to invalidate the so-called "Amazon tax."

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Utilities
1:21 pm
Fri October 18, 2013

Kentucky Utilities Provides Heating Assistance To Low-Income Customers

In an effort to help its’ most economically-disadvantaged customers pay their heating bills this winter, Kentucky Utilities Company has announced that it will match $2 for every $1 donated by residential customers to Wintercare. That’s the utility heating assistance program.

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PGDP
8:29 pm
Tue October 15, 2013

Union Layoffs Announced at Paducah Plant

Credit http://www.usec.com/gaseous-diffusion/paducah-gdp

The United States Enrichment Corporation notified twenty-four union members Monday of their last day working at the Paducah Gaseous Diffusion Plant. 

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Business
11:21 am
Mon October 14, 2013

Clarksville Lands $800M Hankook Tire Plant

Credit hankooktireusa.com

South Korean-based Hankook Tire Company will begin construction on an $800-million tire plant in Clarksville next year that could bring up to 1,800 new jobs to the area.

Gov. Bill Haslam made the announcement Monday in Nashville after a Korean news agency leaked the company’s interest in developing a Tennessee plant last week. 

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