Business

Business
4:03 pm
Fri May 29, 2015

Four Roses to Expand Production Capacity at Two Locations

The Four Roses distillery in Lawrenceburg, Ky

Originally published on Fri May 29, 2015 9:49 am

A Kentucky bourbon distillery is planning a $55 million expansion at two different locations.

Four Roses plans to invest $34 million to add production capacity at its Lawrenceburg distillery. A separate $21 million investment will add new warehouses at its Bullitt County property.

The projects will receive over $1 million in state tax incentives.

The news comes on the heels of an announcement earlier this springs that Four Roses was expanding its Bullitt County bottling plant that will include a high-speed production line and a separate line producing a single-barrel version of the bourbon.

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Business
10:15 am
Thu May 28, 2015

Riken Elastomers Adding Jobs at Hopkinsville Plant

Credit rec-ky.com

An automotive plastics manufacturer is planning to double its facility and workforce in Christian County. 

Gov. Steve Beshear announced today that Riken Elastomers Corporation will create 27 new jobs and invest more than $22 million into expanding its Hopkinsville facility. 

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Business
12:02 pm
Wed May 27, 2015

Christian County Chamber of Commerce Search Committee to Interview Presidential Applicants

The Christian County Chamber of Commerce Logo
Credit christiancountychamber.com

A search committee is en route  to hiring the next President and CEO of the Christian County Chamber of Commerce. 

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Business
1:16 pm
Fri May 22, 2015

Looming Trade Deficit May Cloud Kentucky’s Sunny Economy

Credit Wikimedia Commons

This week Kentucky’s labor cabinet announced that the state’s exports are up by 11 percent in 2015, but some are worried that in the long run, the strong U.S. dollar could squelch demand for Kentucky goods.  

There’s been a lot of good news for the Kentucky economy lately: the manufacturing sector added 1,100 jobs in April, Corvette announced an expansion of its factory in Bowling Green and and the unemployment rate fell to 5 percent, the lowest it’s been in 15 years.

But State Office of Employment and Training Economist Manoj Shanker warns that continued strength of the U.S. dollar makes it difficult for countries to afford Kentucky-made goods.

“So what’s helped us really, the reason we’re doing all these exports," Shanker says, "is because energy costs are low, which means the cost of making goods is lower in Kentucky and in the U.S. but what hurts us is that the dollar is strong so it’s more difficult to export.”

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Business
12:46 pm
Wed May 13, 2015

How Could Kentucky Farmers Use Drones?

Credit Dkroetsch, Wikimedia Commons

The Federal Aviation Administration has approved a drone large enough to carry and spray fertilizers and pesticides on crops, but a Kentucky crop duster says it’s unlikely farmers here will use them.

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Business
10:13 am
Wed May 13, 2015

Underwriter Spotlight: Paducah Parks Services

Credit RIVERfront Concert Series Flyer, Paducah Parks Services

Paducah Parks Services The Paducah Riverfront has long been a favorite destination for downtown visitors, whether sitting and watching riverboats float by or enjoying an evening picnic to cap the day. Starting later this month, visitors can also enjoy some free music while taking in the scenery as Paducah Parks present the RIVERfront Concert Series. 

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Business
1:34 pm
Tue May 12, 2015

Kentucky Pitch Competitions for Aspiring Entrepreneurs Gets Second Year

Credit iStockPhoto

The Kentucky Innovation Network will host the second round of is annual entrepreneurial pitch competitions this year.  

Similar to the TV show “Shark Tank,” the competitions allow Kentucky entrepreneurs to present their business ideas to a group of local angel investors, who provide capital for startup companies.  

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Business
10:40 am
Mon May 11, 2015

Discovery Park of America Welcomes 400,000 Visitors

Brian Dawson, Trace Turner, and Mariah Turner of Union City.
Credit Discovery Park of America

A year and a half after opening, more than 400,000 people have visited the Discovery Park of America. 

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Business
2:39 pm
Fri May 8, 2015

Tennessee Named 4th Preferred State Among CEOs

Credit iStockPhoto

A business research magazine has released its annual list of the Best and Worst states as favored by business executives, ranking Tennessee at number 4.  

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Business
5:10 pm
Mon May 4, 2015

Retailers Connect in Murray for National Small Business Week

Aaron Dail, Chris Wooldridge and Chad Lampe talk National Small Business Week on Sounds Good
Credit Matt Markgraf, WKMS

District Director of the Kentucky Small Business Development Center in the Arthur J. Bauernfeind College of Business at Murray State, Chris Wooldridge and President/CEO of the Murray-Calloway Chamber of Commerce Aaron Dail visit Sounds Good to speak with Chad Lampe about a Retailers Roundtable in Murray Wednesday morning as part of the observance of National Small Business Week, which includes information about a new tool being developed for small business to make actionable change and decisions based on local market data. 

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