Business

Business
7:26 am
Mon December 2, 2013

Big Rivers Holding Public Meeting Next Week

Credit wikipedia.com

The Kentucky Public Service Commission is hosting a public forum on proposed rate increases by western Kentucky’s Big Rivers Electric Corp.

The public meeting will be held December 10 in Henderson. But interested commenters in Paducah, Owensboro and Brandenburg will be linked to the Henderson forum by video conferencing.

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Business
6:30 am
Fri November 29, 2013

During Holiday Shopping Season, Small Businesses Get Their Own Day

An alternative to Black Friday starts Saturday, focusing on much smaller businesses for holiday shopping.

Murray State Small Business Development Director Chris Wooldridge said Small Business Saturday is an initiative to support mom and pop stores who don’t have the reach of large retailers.

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Business
6:45 am
Thu November 28, 2013

Kentucky Encouraging Businesses to Export as Transportation Projects Develop

Credit kyexports.com

Kentucky Export Initiative officials are encouraging businesses throughout the Commonwealth to consider exporting their products.

KEI Project Manager Morgan Pierstorff said exports are a growing portion of the commonwealth’s economy, and although just three percent of Kentucky companies export, they totaled $22 billion in sales in 2012.

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Business
7:19 am
Wed November 27, 2013

KY Vehicle Exports Rapidly Rising

Credit Wikimedia Commons

Vehicle exports from Kentucky were up 43% through the first nine months of the year, setting a state record.

Governor Steve Beshear says the state exported more than $3 billion worth of vehicles between January and September.

That number could top $4 billion by year's end. The previous record for vehicle exports was $2.7 billion set last year.

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Business
7:11 am
Tue November 26, 2013

KY Lottery Sales Top $15 Billion

The Kentucky Lottery Corporation says it has reached $15 billion in sales since the lottery was started in 1989.

At a board of directors meeting yesterday officials also announced $9 billion has been paid in prizes to players and $4 billion has been turned over to the state.

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Business
7:09 am
Tue November 26, 2013

Big City Mayors Want More Engineers

Credit Wikimedia Commons

The mayors of Kentucky's two largest cities say the state needs to produce more engineers as part of a strategy to expand the region's manufacturing clout.

Louisville and Lexington are putting aside their long-running rivalry to promote the region's economy.

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Business
7:11 am
Thu November 21, 2013

Sequester Brings Cuts To Tobacco Farmers

Credit kyagr.com

Kentucky tobacco farmers stand to lose an estimated $12,000,000 because of federal budget cuts related to the sequester.

The cuts are scheduled to hit the next round of price support payments sent to about 100,000 Kentucky tobacco farmers and quota holders.

Kentucky Farm Bureau President Mark Haney says the payments should be exempt from the federal spending cuts.

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PACRO
5:48 am
Thu November 21, 2013

PACRO Board Makes No Progress at Meeting Due to Lack of Quorum

Several items of business have been left undiscussed after the Paducah Area Community Reuse Organization failed to achieve a quorum at Wednesday's meeting. The group which is charged with mitigating the effects of the Paducah gaseous diffusion plant shutdown missed discussion regarding updates about General Electric Hitatchi, and site clean-up funding.

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Business
12:54 pm
Wed November 20, 2013

Lexington Legislator Pre-Files Bill To Create "Benefit Corporations"

  A bill has been pre-filed in the Kentucky legislature that would permit the founding of “benefit corporations.” Lexington Representative Kelly Flood is pushing the legislation to address shortcomings in modern day capitalism.

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Business
11:40 am
Tue November 19, 2013

Eastern Kentucky Coal Production, Employment Declines Again in Third Quarter

Decumanus Wikimedia Commons

Originally published on Tue November 19, 2013 11:30 am

Kentucky’s coal production and employment both dropped during the third quarter of this year, and once again the state’s eastern coalfields recorded the biggest loss, according to the latest quarterly coal report.

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