Business

Business
4:27 pm
Wed April 18, 2012

Jobless Rate Falls Again

The Kentucky Office of Unemployment and Training reported Wednesday that the jobless rate for the state fell to 8.6 percent in March, from 8.7 percent in February. The rate was 1.1 percentage points below the March 2011 rate. The March numbers mark the ninth consecutive month the jobless rate has declined. The largest job gains were seen in transportation and utilities with an increase of 1,900 jobs, followed by the leisure and hospitality sector with 1,800. The manufacturing and construction sector both reported job losses in March.

Paducah Gaseous Diffusion Plant
4:15 pm
Wed April 18, 2012

PGDP Still Faces Potential Shutdown

DOE

As the end of the Paducah Gaseous Diffusion Plant’s TVA utility contract nears, the plant’s operators are still searching for ways to keep the plant open for the foreseeable future. The plant’s current TVA contract expires at the end of May. United States Enrichment Corporation officials are negotiating new terms to provide a better market for their services and allow them to continue operations. USEC's Paducah Plant Spokesperson Georgann Lookofsky says the new contract is just one of several problems they need to solve to keep the plant running.  She says,

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Business
8:04 am
Wed April 18, 2012

Flooding May Not affect Northwest Tennessee Port

www.portofcateslanding.com

Project executives with the Cates Landing port on the Mississippi River in northwest Tennessee are optimistic that spring flooding will not affect construction.  Work on the multimillion-dollar Lake County riverport has been ongoing since 1999.

Lotto
9:03 am
Tue April 17, 2012

Tennessee Lottery Sets 3rd-Quarter Record

megamillions.com

The Tennessee Lottery raised a record 89.9 million dollars for education in the third quarter.  It exceeded the old record of just over 79 .5 million in the third quarter of 2006.  Lottery officials credit a world record Mega Millions jackpot of $656 million on March 30 and increasingly popular instant games.  Lottery board chairman Keith Simmons says the games are on track for a record year.

Business
9:22 am
Fri April 13, 2012

Dippin Dots Sold Amongst Bankruptcy Proceedings

An Oklahoma-based company has purchased Dippin Dots, Incorporated.  The Paducah-based Dippin Dots is currently undergoing bankruptcy proceedings and a court-mandated change in ownership.  The Oklahoma company, which goes by the same name, struck the deal yesterday in U.S. bankruptcy court to purchase Dippin Dots for more than 12.5 million dollars.  Dippin Dots' Paducah factory employs 165 people.

Agriculture
9:42 am
Tue April 10, 2012

KY Agricultural agency OKs $400,000 in farm loans

The Kentucky Agricultural Finance Corporation has approved more than $400,000 in loans to farmers to expand their operations.  The agency partners with lenders to help farmers finance projects that would increase their profits.  The Kentucky Department of Agriculture announced the latest round of loans Monday. The largest loan topped $110,000.  The finance corporation also has a beginning farmer loan program that helps people start or expand a farming operation. Those loans can be used to purchase livestock, equipment and land.

Tax Deadlines Pushed Back
8:35 am
Mon April 9, 2012

KY Taxpayers Get Extra Days This Year to File

The Kentucky Department of Revenue is reminding taxpayers this year they’ll have two extra days to file their income taxes.  The 2012 deadline is April 17th because of Emancipation Day, a holiday observed in the District of Columbia which falls on Monday, April 16th.  By law, D.C holidays affect tax deadlines in the same way federal holidays do.  All valid six month extensions filed on or before April 17th will extend the due date for filing until October 15th.   Also, the IRS is postponing certain tax deadlines for those who reside or have a business in a disaster area until May 31st.

Business
4:00 am
Mon April 9, 2012

Toyota Auto Incentives

www.toyotageorgetown.com

Kentucky Governor Steve Beshear has signed a bill into law that gives tax incentives to automakers in Kentucky.

The new law allows manufacturers and suppliers to tap the incentives if they have 1,000 employees, have been in business in Kentucky for at least five years and are willing to invest $100 million in the state. The law is an extension of a 2007 program that allowed Ford to invest more than one billion dollars into its two Louisville plants to expand the workforce and re-tool assembly lines.

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Business
4:23 pm
Thu April 5, 2012

Kentucky Corn on the Rise

Jim Champion wikimedia commons

National grain specialists are predicting a record amount of corn could go in the ground this spring.  As Kentucky Public Radio’s Stu Johnson reports, a rise in corn yields has been a trend in the commonwealth...

University of Kentucky Extension Professor of Grain Crops, Chad Lee says Kentucky’s corn acreage could go up about ten percent this year.  Lee says the profit potential is partly the result of warmer than usual weather.  He says, in the bluegrass, corn has gone from being the number three crop to number one in the last few years.

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Whiskey Making
8:00 am
Fri March 30, 2012

Genetically-Modified Corn Nearly Unavoidable in Bourbon Distilling

Nearly 90 percent of the corn in this country is genetically-modified. And as using genetically-modified—or GM—corn becomes increasingly popular in everyday foods, more people are becoming concerned about potential ill effects on human health and the environment.

Besides being used in food, that corn is also finding its way into Kentucky’s signature spirit: bourbon.

In the grain room at the Four Roses Distillery, master distiller Jim Rutledge is pours corn kernels into a small glass.

“I’m just going to heat this up,” he says.

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