Business

Business
2:22 pm
Tue October 30, 2012

Berry Plastics to Reopen in Madisonville

Gov. Steve Beshear today announced the reopening of Berry Plastics Corporation in Madisonville. The move creates more than 400 full-time jobs. Beshear says nearly $100 million is being invested in the plastic packaging manufacturer.

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Business
8:14 am
Tue October 30, 2012

300 New Jobs in the Works for Paducah

Credit iStockPhoto

Paducah development officials are negotiating with a Florida company to bring 300 new jobs to the city. Economic Development President Chad Chancellor tells The Paducah Sun he expects to reach a deal in the near future. Chancellor says he won’t name the company involved until the deal is finalized. He will say the company is an outsource call center. Chancellor says similar businesses offer salaries around 9 dollars an hour, with benefits. He says incentives for the company would be provided by the PED rather than tax money.

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Media
4:06 pm
Mon October 29, 2012

LPM Receives Grant to Start Kentucky Center for Investigative Reporting

Credit wfpl.org

Kentucky Public Radio member station WFPL made the following announcement today:

Louisville Public Media, which operates the city’s three public radio stations (89.3 WFPL, 91.9 WFPK, 90.5 WUOL), has received a $250,000 challenge grant from Ed Hart and Gaylee Gillim to set up an investigative reporting center, it was announced Monday. The mission of the new unit will be to pursue non-partisan, high-quality investigative journalism whose sole mission is to serve the public interest.

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Business
8:16 am
Thu October 25, 2012

Illinois Starts Employment Security Effort

Credit Wikimedia Commons

The Illinois Department of Employment Security will send emails to 800,000 business leaders and workers to highlight state services. Agency Director Jay Rowell said Wednesday the emails will offer help to companies in hiring, setting wages and building business plans. He says the effort will help get people back to work. 

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Business
8:11 am
Wed October 24, 2012

West Tennessee Non-Profits Helping Veterans Get Jobs

A partnership between two regional non-profit organizations and USDA Rural Development is helping West Tennessee veterans find jobs. Rural Development State Director Bobby Goode says the partnership is between Memphis Bioworks Foundation and the Crockett Policy Institute. The USDA is providing a $30,000 grant. The collaboration will establish a network of support organizations, a comprehensive database and outreach programs to help veterans find jobs in the energy sector.

Business
1:04 pm
Tue October 23, 2012

New Group Plans Bigger Push for Expansion of Broadband Access in Ky.

Wikimedia Commons

A national group that has pushed expanding broadband access in other southern states is now focusing on Kentucky. Citizens for a Digital Future is opening a Kentucky chapter to help advocate for these issues with lawmakers and private businesses. The group’s Kentucky director, Gary Gerdemann, says a lack of wireless options is affecting businesses and education.

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Business
7:40 am
Tue October 23, 2012

DuPont Job Cuts Will Not Affect New Johnsonville Workers

Titanium Dioxide
Courtesy of DuPont

The more than 700 employees at the DuPont Titanium Dioxide plant in New Johnsonville, Tennessee will not lose their jobs according to Public Affairs spokesman David Hastings. The chemical maker is cutting 1,500 jobs throughout the company after a third quarter in which earnings fell sharply. The company reported net income of $10 million today, compared with $452 million for the same period last year. CEO Ellen Kullman said weaker than expected demand in titanium dioxide and photovoltaic markets contributed to the decline.

Business
1:21 pm
Mon October 22, 2012

Building Cross-State Alliances with KTRA

Angela Hatton, left, interviews KTRA Executive Director Hollie Holt.

What’s good for one is good for all. That was the philosophy that led to the formation a few years ago of the Ken-Tenn Regional Alliance. It’s an economic partnership organization formed between Fulton, Hickman, and Carlisle counties in Kentucky, and Lake, Obion, and Weakley counties in Tennessee. KTRA was designed to focus on promoting the region’s shared assets, and building infrastructure.  KTRA’s new executive director Hollie Holt joined Angela Hatton in the WKMS studios.

Business
7:10 am
Fri October 19, 2012

Ill. Gas Prices Stay Steady This Winter

www.ameren.com

Ameren Illinois officials say consumers should expect natural gas prices this winter to be similar to last year’s prices. The Peoria-based gas delivery company serves 1.2 million electric and more than 800,000 natural gas customers in southern and central Illinois. Ameren gas supply manager Ken Dothage says prices should stay the same this winter because North American gas supply has increased. He says slower U.S. and global economies along with a decreased worldwide demand for energy also play a role in the steady price of natural gas.

Business
4:21 pm
Thu October 18, 2012

Kentucky Back Yard Burgers Safe from Closure

backyardburgers.com

Restaurant chain Back Yard Burgers announced Wednesday it had filed for Chapter 11 bankruptcy, but company officials say restaurant locations in Kentucky are safe from closure. Chief Marketing Officer Monte Jump says because Back Yard Burgers in Kentucky are franchises, they are exempt from the bankruptcy filing.

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