Business

Business
2:44 pm
Thu February 14, 2013

KY Legislators Want Big Rivers And Smeltors To Find Middle Ground

Credit wikipedia.com

A legislative panel has postponed its vote on a bill that would allow two aluminum smelters in western Kentucky to purchase electricity on the open market.

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Business
7:50 am
Tue February 12, 2013

Tennessee Opens Four Overseas Offices to Focus on Exports

Credit wikipedia.org

Tennessee Gov. Bill Haslam and the Department of Economic and Community Development announced Monday that the state is opening four international offices that will focus on increasing exports from the state. The new development offices will be in Mexico, the United Kingdom, Germany and China.

ECD Commissioner Bill Hagerty says this step is imperative if Tennessee wants to access untapped markets. The overseas offices will help small and medium sized businesses navigate the exporting process by providing market analysis, sales and marketing planning, identification of distribution partners and company matchmaking free of charge.

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Business
12:03 pm
Mon February 11, 2013

Maker's Mark's Bill Samuels Jr.: 'We Don't Want to Price Maker's Mark Out of Reach'

Originally published on Mon February 11, 2013 11:38 am

Bill Samuels Jr., the former president and current chairman emeritus of Maker's Mark, has posted a note to the company's website addressing the recent announcement that Maker's Mark was reducing its alcohol by volume three percentage points, from 45 to 42.

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Business
3:47 pm
Fri February 8, 2013

U.S. Department of Energy Seeks Proposals to Extend Operations of Gaseous Diffusion Plant

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

The U.S. Department of Energy is seeking proposals from companies for the Paducah Gaseous Diffusion Plant to try to cut costs while preserving some or all of the 1,200 jobs at the the uranium enrichment site.

An emailed release from the DOE details a formal request for proposals from companies that want to lease or purchase the facility for commercial purposes.

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Business
3:41 pm
Thu February 7, 2013

PACRO Releases Funds For Region's Economy

Paducah Area Community Reuse Organization, or PACRO, is moving to release funds to support several job creating initiatives in the Purchase Region.

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Business
10:34 am
Wed February 6, 2013

Packaged Liquor Sales Start Soon in Murray

Credit Steve Snodgrass (wikimedia commons)

Package liquor sales could begin as early as next week in Murray. Earlier this week the Kentucky Department of Alcoholic Beverage Control issued the first packaged alcohol licenses for Murray liquor stores.

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Business
12:05 pm
Tue February 5, 2013

VMV Paducahbilt Expanding Operations

Kentucky Governor Steve Beshear announced today VMV Paducahbilt plans to expand operations in Paducah, creating 25 full-time jobs and investing more than $900,000.

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Business
7:54 am
Mon February 4, 2013

IL Bars Already Profiting from Video Gambling

Some Illinois bar owners say they're already profiting big from video gambling games that went live statewide late last year. Players statewide in December lost nearly $7 million. Establishments kept almost two and a half million dollars, the state earned $1.75 million and cities and counties combined made about $350,000.

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Business
7:35 am
Mon February 4, 2013

Repealing TN Precious Metal Sales Tax Could Create New Industry

Credit Wikimedia Commons

More gold bars could be headed to Tennessee if one Republican lawmaker from Rutherford County has his way. A bill introduced last week would repeal the state’s sales tax on precious metals. 

Gold investors range from savvy stockbrokers to seniors convinced by infomercials that precious metals will keep them safe from economic calamity. If they just receive a certificate and keep the physical gold in a tax-free state, they can avoid the sales tax in Tennessee. 

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Business
12:06 pm
Fri February 1, 2013

Prospective Plant May Offset Unemployment Figures

The Commonwealth's town with the highest unemployment might see some job growth in the near future. 

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