business

Ohio County Economic Development Alliance

Ohio County is launching an innovative business center with the goal of bringing  new jobs that have most of the commuting done online.

Chase Vincent is executive director of the Ohio County Economic Development Alliance. He says the business incubator is a way to offset the expense of bricks-and-mortar for startups.

“The concept of an incubator is that they come together and share experiences and advice and learn together. It dramatically increases their rate of success for becoming a long-standing business in the community.”

Vincent points to the increasing popularity and viability of remote work as confirmation of the timeliness of the Ohio County project. He says all the pieces are in place for the incubator. 

“We were recently approved for $100,000 from the Ohio County Fiscal Court to purchase property in Hartford to be used as an incubator, training center and co-work space.”

GE Lighting

General Electric Lighting has announced it will close two plants in Lexington and Somerset by August 2017.

WKYT-TV reports that the company announced the closures of Lexington Lamp Plant and Somerset Glass Plant would affect over 200 people.

The Lexington plant makes traditional, non-LED lighting products and employs 139 people. The Somerset plant makes halogen lamps and employs 71 people.

GE says in a statement that consumer demand for traditional lighting is at an all-time low. As a result, the company says it is operating at 15 percent capacity.

GE says the local union representing the workers has 60 days to ask for a different plan.

Flickr/Creative Commons

Mark Muro is having a conversation with someone in a bar. The person’s in their late twenties and is having trouble finding work. Maybe they have a high school diploma. Mark’s advice? Enroll in the closest community college you can.

Fast.

Auto manufacturing and digital services are some of the industries contributing to Kentucky’s economic growth. And you don’t need a Master’s or PhD to get a job in these areas.

“STEM workers are crucial to regional prosperity and advanced industry success but they don’t all need to have to have college degrees,” says Muro, senior fellow and policy director at the Brookings Institute’s Metropolitan Policy Program.

Muro did a study tracking the growth of advanced industries. Blue-collar STEM jobs fall under these industries, which employ more than 170,000 people in Kentucky. The average salary in an advanced industry is just over $65,000 in the commonwealth. That compares with almost $42,000 for all other industries.

Creative Commons

Kentucky’s export totals are on the rise.

Kentucky exported nearly $7 billion in goods and services during the first quarter of the year. That’s a 1.2 percent increase over the same time period last year.

Many Kentuckians would likely be surprised at the state’s number one export. It’s not bourbon or automotive parts.

Instead, it’s aerospace products.

Kentucky exported more than $2.6 billion in aerospace parts between January and March.

That’s an increase of nearly 23 percent over last year’s first quarter.

The state’s top five international trading partners are Canada, France, the United Kingdom, Mexico, and Brazil.

Rick Howlett, WFPL News

General Electric’s Louisville-based appliance division has a new owner.

GE Appliances is now part of the China-based Haier Company. The multibillion-dollar sale was finalized on Monday.

About 6,000 people work at Louisville’s Appliance Park, which was constructed by GE more than 60 years ago. The division will now be called “GE Appliances, a Haier Company.”

Chip Blankenship will continue as president and CEO. He said employees should not expect any major shakeups under the new owner.

Ford Motor Company

There’s about 30 lbs. of polyurethane foam in the average vehicle. It’s in everything from headrests to seats and instrument panels. And usually, a key ingredient in that foam is petroleum.

But Ford Motor Company is experimenting with swapping out the petroleum for something that’s abundant in today’s environment: carbon dioxide.

“We conserve petroleum, we better the atmosphere and we make a very suitable material to use out of carbon dioxide,” saidDebbie Mielewski, Ford’s senior technical leader of sustainability.

Carbon dioxide is, of course, naturally in the atmosphere. But it’s also emitted from burning fossil fuels, and climate scientists have linked the earth’s quickly rising CO2 levels with climate change.

Ford’s new foam relies on a partnership with a company called Novomer that harvests waste carbon dioxide from sources like fossil fuel plants. Carbon capture technology hasn’t been proven to be economical on a large scale thus far.

Sam Owens/Getty Images via NPR

All over eastern Kentucky, you see cars and pickup trucks with black license plates proclaiming the owner is a “friend of coal.”

Even though the license plates are all over, it’s getting harder to find actual coal miners here: Fewer than 6,000 remain in the state, where the coal industry is shrinking fast. More than 10,000 coal workers have been laid off since 2008.

Many have had to leave the area to find work, but a few have found employment in other — and sometime unexpected — fields, as businesses are innovating to use former coal workers in new ways.

Rusty Justice’s company is one of these.

“The realization I had was that the coal miner, although we think of him as a person who gets dirty and works with his hands, really coal mines today are very sophisticated, and they use a lot of technology, a lot of robotics,” says Justice, who has worked in the coal industry all his life.

Creative Commons

Negotiators for United Parcel Service and the Independent Pilots Association will resume talks later this month in hopes reaching a contract agreement.

The latest round of federally mediated negotiations ended last week in Washington.

UPS pilots have been working under the terms of their previous contract for five years. The IPA, which represents some 2,500 pilots, has been preparing for the possibility of a strike.

Earlier this month, the union set up a strike operation center at its Louisville headquarters, a move dismissed by UPS as a publicity stunt.

For a strike to be called, the mediator would have to declare an impasse and release the two sides from talks. That would be followed by a 30-day cooling off period.

Union president Bob Travis said the IPA and UPS have been called back to Washington by the National Mediation Board for what he called “two consecutive weeks of intensive negotiations” starting the week of May 16.

Union officials said some of the remaining sticking points involve flight schedules and crew fatigue. Both sides say there was some progress made in the most recent round of talks.

City of Owensboro

A new report shows the number of people working—and looking for work—in Daviess County dropped by over 1,319 people between 2014 and 2015.

The Kentucky Education and Workforce Development Cabinet says there were 807 fewer people with jobs in Daviess County last year.

However, the county also saw 512 fewer unemployed people.

The Owensboro Messenger-Inquirer reports some local officials are worried about the declining number of people in the workforce. Greater Owensboro Economic Development Corporation President Madison Silvert told the paper that the area has done a good job of attracting retirees.

He says that’s one reason why Daviess County’s population has increased at the same time the number of workers has decreased.

Silvert says the size and quality of a community’s workforce is the chief concern of companiesthat are considering expansion.

Kentucky's only local soft drink is now available in a larger part of the state.

Ale-8-One, produced in Winchester since 1926, is doubling its service area, to include Elizabethtown, Bowling Green and Owensboro.

President and COO Ellen McGeeney says the expansion goes along with the homemade, handcrafted explosion in the beverage industry.

McGeeney says people should start seeing Ale-8-One in the new areas within two weeks.

Creative Commons

Kentucky Attorney General Andy Beshear announced on Tuesday that he is filing suit against Volkswagen — and its associated brands, Audi and Porsche — over the company’s false claims about emissions on its diesel cars.

The lawsuit seeks civil penalties under the Consumer Protection Act and could provide an option for restitution for Kentucky owners of the vehicles.

The German car manufacturer has acknowledged installing so-called “defeat devices” on its TDI diesel engine models. The software detected when an emissions test was in progress and reduced a car’s output of pollutants.

The carmaker marketed the models as “clean diesel,” but federal officials have said they were emitting up to 40 times the legal limit of nitrogen oxides.

WKU

Western Kentucky University is encouraging American workplaces to nurture and support female leaders.

A one-day conference on Friday, Feb. 19, is called Women Leading and includes talks given by women who have achieved leadership positions in academia and the military.

WKU communications professor Cecile Garmon says conference organizers hope to broaden the definition of the word “leadership”.

“If young women and young men realize that leadership is not masculine or feminine—it’s leadership—then both groups can do it, and they can both learn from each other and support each other,” Garmon told WKU Public Radio.

Garmon says the subject started getting more attention following comments made by Facebook Chief Operating Office Sheryl Sandberg about the low number of women leading Fortune 500 companies.  

The Women Leading conference will feature talks by:

J. Tyler Franklin

Kentucky legislators will again consider legislation that would allow local governments to temporarily levy a 1 percent sales tax to fund projects.

Despite support from across the political spectrum, it’s unclear whether the local option sales tax will become Kentucky law this year.

The local option sales tax bill brought together the House’s Democratic and Republican leaders, who are otherwise locked in a fierce political battle for control of the legislative body. It was proposed Tuesday by Democratic House Speaker Greg Sumbo and Republican House Minority Leader Jeff Hoover.

Supporters say the legislation would allow local governments to decide upon and fund important projects in their communities, such as the planned Louisville Waterfront Park expansion.

Flickr/Creative Commons/Clayton Sieg

The chief executive of Aetna is optimistic about the future of the company and Louisville following the planned sale of Humana.

When it was announced last year, Aetna’s plan to buy Louisville-based Humana launched immediate concerns abut the future of about 12,000 jobs in the city. The Connecticut-based Aetna has said it plans to base its Medicare, Medicaid and TRICARE businesses in Louisville.

Far from job loss, Aetna’s plan has led to speculation that the job stock in the city could grow.

Humana CEO Bruce Broussard and Aetna CEO Mark Bertolini spoke on Tuesday night about the future of the merged company and Louisville during the Greater Louisville Inc. annual meeting. Nearly 1,000 business leaders attended the meeting.

Broussard said the merged company and Louisville have a “very bright future.”

Stephen Jenkins watches a timer count down to the exact moment when he’ll drop a bucket of hops into a batch of what will become an amber ale.

“This one’s about nine pounds of a couple different kinds of hops,” said Jenkins, brewer for West Sixth Brewing in Lexington.

He’s perched on top of a catwalk overlooking a vat of wort — the primordial ooze that will be strained, left to ferment with yeast and eventually canned or kegged.

“It makes 40 barrels at a time, which is about 80 kegs, 80 half-barrel kegs, and we do two brews a day. So we’re going to do about 80 barrels of amber today,” Jenkins said.

West Sixth Brewing made about 2,000 barrels of beer in its inaugural year in 2011. This year, the company is on track to make 12,000 to 13,000 barrels.

Despite the brewing company’s rapid growth, it’s still a tiny carbonated bubble floating in an ocean dominated by two global breweries — Anheuser-Busch Inbev, the maker of Budweiser; and SABMiller, which makes Miller Lite.

Pages