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Business news

Lisa Autry

Site Selection magazine recently ranked Kentucky the top state for economic development projects per capita last year. 

Wednesday, Governor Steve Beshear brought the Governor’s Cup trophy to Bowling Green to celebrate the region’s contributions to the award.

"Bowling Green and Warren County has been one of the brightest spots in Kentucky over this last eight years that I've been governor and it just continues to grow," Beshear told WKU Public Radio.

Site Selection ranked Bowling Green 4th in the magazine’s “Top 10 Metro Areas of 2014” for new and expanded facilities among metropolitan areas with populations less than 200,000. 

Glasgow ranked among the nation’s top micropolitan areas for business creation. 

Beshear said the rankings are a testament to how far the state has come since the Great Recession.

WKU

A Lexington brewing and distilling company is setting up a beer production line in Bowling Green.

Alltech, which produces Kentucky Bourbon Barrel Ale, delivered a production-level brewing system Wednesday to WKU’s Center for Research and Development. No date has been set as to when the production line will begin operating, though it could start sometime this fall.

When complete, the brewing system would be the largest to be located at a university.

Alltech is leasing the space from WKU and will begin a craft beer brewing operation, while also paying the renovation and installation costs.

Meanwhile, some WKU administrators have been working on a proposal for a major and minor in brewing and distillation. Potter College of Arts & Letters Assistant Dean Andrew McMichael says the university has been seeking input from industry leaders.

New Call Center in Somerset to Bring 150 Jobs

Jun 2, 2015

A new customer service call center is planned for Somerset, creating 150 jobs. 

EOS USA plans to invest nearly $4 million into the project.

Governor Steve Beshear and U.S. Rep. Hal Rogers announced the project last week and said the center is expected to be open by the end of the year.

EOS USA is a subsidiary of German-based EOS Group, which operates 50 companies in 26 countries and has more than 8,500 employees. Beshear's office said EOS USA employs more than 1,000 in North America.

The state has approved the company for tax incentives of up to $2 million.

Four Roses

A Kentucky bourbon distillery is planning a $55 million expansion at two different locations.

Four Roses plans to invest $34 million to add production capacity at its Lawrenceburg distillery. A separate $21 million investment will add new warehouses at its Bullitt County property.

The projects will receive over $1 million in state tax incentives.

The news comes on the heels of an announcement earlier this springs that Four Roses was expanding its Bullitt County bottling plant that will include a high-speed production line and a separate line producing a single-barrel version of the bourbon.

EVINE Live Expands in Bowling Green

May 12, 2015

The digital commerce company will double its size and add 150 new jobs over the next three years.

The expansion project, which began last year, includes the addition of more than 300,000 square feet at their Nashville Road distribution and call center. Over the next three years, the project will bring in a total capital investment of $25 million and create up to 150 new, full-time positions. That will bring the total number of employees to over 500.

The total economic impact of the expansion project will be more than $100 million over the next ten years.

EVINE Live merges entertainment with shopping in an interactive experience. It's available in more than 88 million U.S. homes in addition to on-line, mobile and social media availability.

iStockPhoto

A business research magazine has released its annual list of the Best and Worst states as favored by business executives, ranking Tennessee at number 4.  

“Chief Executive” surveyed over 500 leading CEOs across the country making measuring in three categories: tax and regulation, workforce quality, and living environment. That last category includes education, cost of living, affordable housing and crime rates. 

Texas took the top spot, followed by Florida, North Carolina and Tennessee, which was in the number 3 spot last year. 

CEOs say they picked the Volunteer state for its low taxes and Right-to-Work status calling it a hotbed for automotive manufacturers. 

Kentucky ranked in at 28 with CEOs noting a high-value living environment, but concern about tax and strong regulatory policies. 

Illinois maintained its rank amongst the worst states at number 48.  

See a full-listing of Chief Executive rankings here

Flickr/Creative Commons/Lee Royal

Tennesseans will soon be able to have alcoholic beverages delivered straight to their doors.

A law signed by Governor Bill Haslam that goes into effect July 1 allows third-party restaurant delivery services to buy alcohol from retailers and deliver it to consumers. The Tennessean reports that the owner of a Nashville-area food delivery service predicts his sales will increase 50-to-100 percent once he’s able to deliver alcohol to consumers.

Companies will be allowed to deliver up to a gallon of alcohol per customer, per delivery.

Consumers must show a valid form of ID, and all delivery drivers must be at least 21 years of age and pass a criminal background check. Any business delivering alcohol must get at least half of its gross sales from food delivery.

Craft bourbon, like craft beer, is in the midst of a boom: In the past 15 years, the number of distilleries in the U.S. has surged from just a handful to around 600.

National Corvette Museum

A ten-county region in southern Kentucky is seeing the biggest increase in tourism revenue in the state.

The region including Warren, Barren, Simpson, and Logan counties experienced a 6.7 percent jump in tourism and travel spending in 2014 versus the year before. A report from the Kentucky Tourism, Arts, and Heritage Cabinet says the state saw a 4.4 percent increase in tourism dollars last year. 

Telia Butler, with the Bowling Green Area Convention and Visitors Bureau, says record-setting attendance at the National Corvette Museum was one reason why the southern Kentucky region saw its gains.

“We definitely can thank the sinkhole that happened in February of last year. They made lemonade out of lemons out of what could have been a very negative thing over what happened over there,” Butler said, referring to the sinkhole that opened up beneath the Corvette Museum’s skydome, swallowing up several vintage vehicles.

Far from driving visitors away from the museum, the massive publicity created by the story drew visitors from around the world to the Bowling Green attraction.

Boundary Oak Distillery

A craft distillery that began production last year in central Kentucky is expanding to a second location in Hardin County.

Boundary Oak Distillery says it will set up another production still in a building offered by the city of Radcliff.

Boundary Oak owner and master distiller Brent Goodin plans to use the new site for production and storage and as a visitors' center.

Goodin has resumed his family's whiskey-making tradition that dates to the late 1700s in Kentucky.

His distillery makes bourbon, moonshine and other spirits. He began production last spring at a distillery on the family farm outside Elizabethtown.

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