Business

Business
4:31 pm
Tue March 17, 2015

Marshall County Fiscal Court Approves Search for Best Industrial Park Site

Credit Kentucky Lake Economic Development in Marshall County / Facebook

The Marshall County Fiscal Court today approved Kentucky Lake Economic Development to proceed with a study to assess the county's best locations for a publicly owned, multi-tenant industrial park. The court hesitated on the decision at last month's meeting. 

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Business
5:44 am
Tue March 17, 2015

Paducah Power Receives 'A-' Credit Rating from S&P

Credit Paducah Power System

Paducah Power System management says a new credit rating by Standard & Poor’s Rating Services is “very good news” and a positive development in the beleaguered utility’s rate recovery efforts.

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Business
10:08 am
Fri March 13, 2015

Underwriter Spotlight: Dry Ground Brewing Company

Dry Ground Brewing Company
Credit Matt Markgraf, WKMS

Dry Ground Brewing Company We'll gladly say goodbye to the snow this spring. But there's one ice-cold thing we can't get enough of: craft beer from Paducah's new microbrewery: Dry Ground Brewing Company.

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Business
12:01 pm
Wed March 11, 2015

Furniture Manufacturer Adding 42 Jobs to Ohio County Facility

Credit Flickr Creative Commons

A furniture manufacturer is expanding operations at its Ohio County facility and is expected to create up to 42 new jobs and invest $318,000 in the area.  

The Indiana-based Kimball International Inc. produces office furniture for companies in the hospitality industry.  

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Business
5:42 pm
Tue March 10, 2015

Paducah Power System To Switch Bond Rating Service

Credit Paducah Power System

The Paducah Power System Board voted Monday night to contract with Standard & Poor’s Rating Services after the rating company kept the Kentucky Municipal Power Agency revenue bond rating the same at A-.

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Business
1:30 pm
Fri March 6, 2015

German Automotive Manufacturing Facility Opens in Murray

Gov. Steve Beshear announces iwis' $12.5 million investment in a Murray plant in 2012
Credit Mark Welch

Kentucky Governor Steve Beshear and local government and economic officials opened Murray’s newest manufacturing facility today. 

The German automotive supplier iwis is creating 75 full-time jobs and investing more than $12.5 million. 

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Business
8:51 am
Fri March 6, 2015

Nearly 300K New Jobs In February; Unemployment Dips To 5.5 Percent

Job applicant Rafael Ferrer, 49, (left) greets a representative of the Hilton Bentley Miami Beach hotel during a job fair at the Hospitality Institute in January.
Lynne Sladky AP

Originally published on Fri March 6, 2015 8:41 am

The U.S. economy added 295,000 jobs last month, according to the Labor Department's monthly survey, and the unemployment rate dropped to 5.5 percent. The latest strong data beat expectations and follow a robust jump the previous month — a sign that the nation's economy is finally picking up steam.

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Business
1:30 pm
Wed March 4, 2015

PPS GM 'Encouraged' by Moody's Bond Rating Downgrade

Credit Paducah Power System

  Moody’s Investor Service has downgraded Paducah Power System’s revenue bond rating, but the beleaguered utility says the new rating is an improvement over a December downgrade from Fitch Ratings.

The new rating from Moody’s - "Baa1" - reflects a medium-grade rating and a moderate credit risk.

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Business
8:06 am
Wed March 4, 2015

Historic Downtown Murray Property Owners Share Concerns, Brainstorm Ideas for Revitalization

Credit Whitney Jones

Downtown Murray property owners gathered last night to share concerns and ideas for the area’s future as it recovers from a year of disasters, including collapses and a fire.

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Business
2:06 pm
Tue March 3, 2015

Paducah's Recycling Center Closing Ahead of Schedule

Credit http://paducahky.gov/paducah/recycling

The Greater Paducah Sustainability Project Recycle Now center is closing three months ahead of their original June 30th closing date due to lack of funds and a drop in the recycling market.

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