economic development

The merger of the Henderson Chamber and Northwest Kentucky Forward that happened at the first of the year means another cooperative economic development group joins the West Kentucky Regional Chamber Alliance in taking our region's issues to Frankfort. You hear Kyndle and you think of the digital readers, but with a Y, it's an acronym for the Kentucky Network for Development, Leadership and Engagement. Kate Lochte speaks with Chief Executive Officer, Brad Schneider on Sounds Good today, beginning with an event in 2012 that got the ball rolling.

Site Selection Magazine

A corporate real estate strategy magazine has named three areas in our region as top places in the nation for economic development.

Site Selection Magazine released its annual Micropolitan Statistical Area report for 2013, ranking Paducah 16th and in Tennessee, Dyersburg  10th and Union City 27th.

MSU's Arthur J. Bauernfeind College of Business presents an economic development conference next Tuesday, December 10 in the Curris Center. The College's dean, Dr. Tim Todd, visits Kate Lochte on Sounds Good with more information about the day long focus on "The Future of West Kentucky," including a keynote address by Kentucky Lt. Governor Jerry Abramson.

See more about the Arthur J. Bauernfeind College of Business.

A non-partisan team of seven economists from across the state, The Kentucky Consensus Forecasting Group, works up projections used for state budget development and long-range planning by the Governor and the Kentucky legislature.  Murray State Distinguished Professor of Economics in the Arthur J. Bauerfeind College of Business, Dr. Jim McCoy has begun work with the Group and we learn more about this, with Kate Lochte.

Wikimedia Commons

The United States Economic Development Administration is issuing $1.5 million to Todd County to construct a manufacturing training facility. The EDA expects the funding to create 110 new jobs and $3.5 million in private sector investment in Todd County. The EDA’s investment is intended to support long-term economic recovery in the community, leverage private investment and promote disaster resiliency.

Glass Door Solutions LLC, a newly-formed company, plans to lease a facility, create 110 new, full-time jobs and invest more than $3.5 million in Elkton, Ky.

An economic development magazine has ranked Kentucky 10th in the nation for new and expanded industry in 2012.

Site Selection magazine reports that Kentucky added 14,000 jobs and invested $2.7 billion in new industry activity last year. The state also generated 196 projects that involved at least a $1 million investment, created at least 50 jobs or added at least 20,000 square feet of new floor space. The top state was Texas, with 761 projects that met those terms.

As Kentucky and federal lawmakers consider legalizing industrial hemp, the chair of the University of Kentucky's agriculture economics department notes that such an industry won't rise overnight.

Murray Industry Announcement Set for Friday

Nov 27, 2012
thinkmurray.com

Kentucky Gov. Steve Beshear joins local officials this Friday in Murray for an industry announcement. Murray-Calloway Economic Development Council President Mark Manning says the event is at the former Webasto plant at 9:30 a.m.

New Metal Company Retains Hopkins Co. Jobs

Nov 6, 2012

A company buyout in Hopkins County retains 60 metal manufacturing jobs, and opens the possibility of expansion. The Madisonville-Hopkins County Economic Development Corporation and company officials announced Tuesday the formation of Integrated Metal Solutions.

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