economic development

Matt Markgraf, WKMS

Henry County has a population of just over 32,000, an unemployment rate of 9.13% and plenty of room to grow, according to the Henry County Alliance. He says Henry County sits on one of the world's largest - and purest - ball clay deposits, largely untapped. From a retail standpoint, several establishments have opened up including CVS Pharmacies and Steak & Shake. A Hardees is currently under construction and a national chain restaurant may be arriving in the next couple of years as new strip centers are completed. On Sounds Good, Kate Lochte speaks with David Hamilton, CEO of Henry County Alliance, for a general economic outlook for Paris and Henry County initiatives.

http://www.macco.ca/

Updated: 2/11/15 9:42 a.m. 

A settlement with Macco Organiques is nearly complete after pulling out of a deal to open a production line in Paducah.

A press release from City Spokeswoman Pam Spencer says the settlement totals more than $121,000 with the city receiving nearly $65,000. McCracken County Judge Executive Bob Leeper says the county's share of the settlement amounts to around $28,000. The remaining money would go to Paducah Economic Development. 

Matt Markgraf, WKMS

Several economic development projects are in the works in Murray and Calloway County. From an automotive parts manufacturer, to buildings equipped for potential use to road projects, there are several goals for 2015. We get a scan from Mark Manning, Murray Calloway Economic Development Corporation's Executive Director, on Sounds Good.

businessfacilities

A national business publication has named Tennessee the economic development “state of the year” for the second year in a row.

Business Facilities awards the designation to states leading the nation in economic development, infrastructure and education since 2007.  Tennessee is the first state to receive the award in consecutive years, previous winning in 2013 and 2009.  

Madisonville Attorney and Chair of the city council's economic development committee Mark Lee comes to Sounds Good with information on the 1 Million Cups movement. Building a supportive, conducive culture for entrepreneurship is important for community improvement and this program seeks to engage entrepreneurs on local levels, now in 40 cities - recently Madisonville, the first affiliate in Kentucky. He explains the movement and how individuals can get involved.

Hear the conversation:

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.

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