Business

Business
10:57 am
Tue October 21, 2014

Distillers' Association, State Trumpet Rapid Growth of Kentucky Bourbon Industry

Credit Abbey Oldham/WKU Public Radio

Kentucky’s bourbon industry keeps growing by leaps and bounds.  Highly-anticipated numbers released Tuesday morning show the industry nearly doubled the number of jobs it supports in Kentucky, from just under 8,700 in 2012 to 15,400 this year. 

The study was conducted by the Kentucky Agriculture Development Fund and the Kentucky Distillers Association.

The study also shows the impact on the state’s agriculture industry. Bourbon makers buy 40 percent of the grain they use from Kentucky farmers, translating into 56 million in sales.  It also means 1,360 agriculture jobs are supported by the bourbon industry. 

The report also says Kentucky farmers have the capacity to provide up to 80 percent of the bourbon industry’s grains.

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Business
2:12 pm
Wed October 8, 2014

Kentucky Shares in Nationwide Settlement with AT&T

Kentucky will benefit from a $105 million national settlement with AT&T over fraudulent billing practices. 

The settlement resolves allegations that AT&T Mobility placed charges for third-party services on consumers’ mobile phone bills that had not been authorized by the consumer, a practice known as “mobile cramming.” 

Consumers who have been crammed often complain about charges for premium text message subscription services such as horoscopes, trivia, and sports scores that they have never heard of or requested.

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Business
4:25 am
Mon October 6, 2014

Lake Cumberland Reports Strong Summer

Credit U.S. Army Corps of Engineers

Tax revenues and tourist spending were up during the summer at Lake Cumberland thanks to water levels that returned to normal after being down for several years.

Carolyn Mounce, the head of the Somerset-Pulaski Convention & Visitors Bureau, says marina operators were happy this season with the lake traffic.

The southern Kentucky lake's dam underwent major repairs beginning in 2007. The U.S. Army Corps of Engineers, which operates Wolf Creek dam, lowered lake levels by 40 feet to ease pressure on the leaking structure. The repairs have since been completed.

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Business
1:00 pm
Thu October 2, 2014

Leader of Kentucky Distillery Association Hints New Report to Show Major Growth in Bourbon Business

Woodford Reserve in Versailles is one of the eight members of Kentucky's Bourbon Trail.
Credit Abbey Oldham

With Kentucky’s bourbon industry continuing to expand, the head of a distiller’s association says the state could soon become “the next Napa Valley.” He also believes bourbon-related tourism could someday help economically-challenged counties in eastern Kentucky.

Every two years the University of Louisville produces an economic impact study focusing on the bourbon industry. The last study, in 2012, showed the industry was responsible for over 9,000 jobs in Kentucky, with over $125 million dollars in taxes going to state and local governments.

Speaking to CN-2 Pure Politics, Kentucky Distillery Association President Eric Gregory said the preliminary numbers he saw from the latest report were so incredible that he asked researchers to double-check their findings. Then he asked them to triple-check the numbers.

Gregory says the report will be made public soon.

He adds that he hopes someday bourbon-related tourism will stretch into Appalachia, with distilleries someday opening in the region. But first, Gregory said, counties wanting to be home to a distillery will have to vote to become “wet”, meaning that alcohol can be legally sold there.

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Business
7:31 am
Mon September 29, 2014

Report: Audio Feature on New Corvettes May Be Illegal

Another glitch in the new 2015 Corvette, built at the Bowling Green Assembly Plant, is coming to light. General Motors is warning owners not to use the "Valet Mode" of the Performance Data Recorder to secretly record audio in their cars because many states have laws against recording someone without his or knowledge.

GM posted a notice to dealers on a website for Corvette owners last week explaining the problem and saying a software update due next month should take care of the issue.

USA Today is reporting that, in the meantime, if owners choose to use the surreptitious recording system, they must tell everyone in the car a recording is taking place and obtain their permission.

Earlier this month GM asked dealers to stop delivery of about 2,000 cars until a part that attached the air bag to the steering wheel was fixed. Another 800 Corvettes, mostly already at dealerships, were being held because only one of the rear parking brake cables may have been fully engaged.

Both problems have been taken care of and those cars were released last week.

Business
9:21 am
Wed September 24, 2014

Aleris Announces $350 Million Expansion in Hancock County

Aleris has an aluminum rolling mill in Lewisport, Ky.
Credit Aleris

An aluminum manufacturer says it will invest $350 million to expand its facilities in Hancock County.

According to the Governor’s Office, the announcement Wednesday by Aleris Corporation is the largestsingle project investment in Kentucky in over a year. The expansion in Lewisport will include the additionof new technology that will help create parts for the automotive industry as it shifts to broader aluminum use to make lighter vehicles.

The 1.6 million-square-foot facility in Hancock County employs approximately 800 people.

Construction is set to begin this fall, and Aleris hopes to begin shipping automotive body sheet to customers by early 2017.

Bourbon
3:06 pm
Mon September 15, 2014

Kentucky Bourbon Festival in Bardstown Looks to Outperform Last Year's Effort

The Jim Beam distillery is in Clermont, about 15 miles from Bardstown, where the Kentucky Bourbon Festival is taking place.
Credit Kevin Willis

One of commonwealth’s signature industries will be celebrated this week as the annual Kentucky Bourbon Festival runs from Tuesday to Sunday in Bardstown.

The six day festival includes numerous events for both bourbon enthusiasts and teetotalers.

There are tastings, barrel-making demonstrations, cooking classes, and a 5-K run and walk.

The growth of premium small-batch bourbons and the spirit’s colorful history have contributed to its unprecedented growth in recent years.    

Festival executive director Linda Harrison says scores of people will line up for an autograph from Kentucky’s master distillers this week.

“Wonderful people, and they love to talk about bourbon and how much they love their craft,” Harrison said.

One of the more sought-after figures is Jimmy Russell, who’s been making Wild Turkey bourbon for 60 years at the distillery near Lawrenceburg.

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Business
11:54 am
Mon September 8, 2014

Major Appliance Maker To Open R&D Facility in Evansville

A Haier factory in Camden, S.C.
Credit Haier

A 30,000 square foot product research and development tech center is coming to Evansville. Haier America says the center will employ 50 new workers in what it calls “high-wage jobs”.  Haier makes home appliances and consumer electronics.

“Today’s announcement is also a symbolic victory for our region and signifies a re-emergence in the appliance industry in a city with a strong manufacturing history of producing refrigerators and large appliances,” said Evansville Mayor Lloyd Winnecke in a written release.

The tech center in Evansville is expected to open by early next year. 

Business
9:21 pm
Tue September 2, 2014

Tom Hanks Typewriter App Created By Hitcents Team In Bowling Green

Stuart Westphal was the lead designer on the Hanx Writer app, a program that simulates a vintage typewriter for the iPad
Credit Hitcents

A new iPad app that attempts to recreate the experience of banging away at a manual typewriter is the brainchild of actor Tom Hanks and the creative minds at Hitcents in Bowling Green. 

Stuart Westphal was the point man for Hitcents on the project called “Hanx Writer”. Westphal says more than 20 members of the Hitcents team worked together to create the app. Designs for the project were inspired by actual manual typewriters.  

“It was actually a lot of fun,” said Westphal. “Tom sent three of his vintage typewriters to our Bowling Green office, which is our headquarters here at Hitcents. We unboxed them and it was kind of like a little holiday here at the office.”

Down to the smallest detail, the app is meant to replicate the look and sound of using a typewriter.

“Every opportunity that we get to go that extra mile, even if it’s something that not everybody would pay attention to, that’s important to us, and that goes all the way down to our code,” said Westphal.

Hear Tom Hanks’ interview with NPR’s Audie Cornish about the “Hanx Writer.” 

Business
1:23 pm
Fri August 29, 2014

Budge Industries Expanding Operations in Henderson County

An automotive parts manufacturer is expanding its operations in Henderson County.

Budge Industries creates protective covers for vehicles, and announced Friday that it will expand its 75,000 square-foot facilities and create up to 37 new jobs. The $650,000 investment by the company will allow it to add new production lines at its Henderson County operation, as well as new ultrasonic welding equipment.

The expansion was approved for $200,000 worth of tax incentives through the Kentucky Business Investment program.

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