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Tax Foundation

Kentucky continues to rank in the middle-of-the-pack when it comes to having a business-friendly tax climate.  The 2014 study, released Wednesday by the non-partisan Tax Foundation in Washington takes into account the corporate tax rate, individual income tax, sales tax, unemployment insurance tax and property tax rate. 

Kentucky’s ranking dropped from 24th in the nation last year to 27th this year.  The study finds Kentucky’s tax code didn’t change that much, but the ranking reflects changes in states with similar numbers. 

Meantime, Indiana ranked 10th in the nation for best business tax climate – earning high marks for low property taxes.  Tennessee ranked 15th thanks in part of a low individual income tax.

Click here to read the full report.

Emil Moffatt

 A German company plans to invest $120 million dollars to bring a production plant to Bowling Green.
 
The Bilstein Group says the plant will  bring 90 new, full-time jobs to the area.  Governor Steve Beshear was on hand for the announcement Wednesday at Bowling Green Chamber of Commerce headquarters. Beshear, who just returned from a trip to Europe said he met with Bilstein executives on a previous trip. 

The company makes cold-rolled strip steel products for the auto industry.  It will be the Bilstein Group’s second facility in North America.  

“At the end of a long and thorough decision making process," said Bilstein CEO Marc Oehler. "I can say we are absolutely certain that Bowling Green is the perfect spot for our new [facility] being both sufficiently close to our customers and suppliers as well as within reach from Europe and any place in North America.”

Enrollment has just begun and there are already some scams related to the Affordable Care Act. 

Reanna Smith-Hamblin with the Better Business Bureau of Kentucky and Indiana says scammers love to prey on confusion over such complex things as the health care law, so her advice is to never give personal information to unsolicited callers.

“This people are after your personal, your identity, so be very careful about anyone that contacts you on the Affordable Care Act," advises Smith-Hamblin.

She adds that you can't even trust caller ID because of spoofing devices that make it look like scammers are calling from a particular place, when in fact, they are not.

Kevin Willis

A federal judge in Texas has ruled against Churchill Down Incorporated in a challenge over online gambling laws.

The Louisville-based company was hoping the judge would throw out a Texas law that bans internet gambling offered by the racetrack’s website.

The Courier-Journal reports the Texas  Racing Commission has recently started to enforce a law requiring that all gambling on horse racing be done in person at the racetrack. The law was later revised by Texas authorities to explicitly outlaw online wagering.

Churchill claimed the “in person” part of the law was a violation of the U.S. Constitution’s interstate commerce clause. But the Texas judge rejected that argument, saying that Churchill Downs and other racetracks can reach gamblers in the Lonestar State through simulcasting—something that is permitted under Texas law.

Churchill started Twinspires.com in 2007 in order to take bets online and over the phone.

Kevin Willis

A new hotel is being called a bridge that will bring WKU and downtown Bowling Green closer together.

City and university leaders Tuesday announced that a 108-room Hyatt Place hotel will be built adjacent to the WKU Augustein Alumni Center. Construction on the four-story building will start this fall, with a scheduled opening in fall of 2014.

WKU President Gary Ransdell described the effort as a "cornerstone" that will help unite the school's campus and the city's downtown.

"This is what begins to marry Western Kentucky University--our physical campus--with downtown Bowling Green. This project is going to be the bridge which begins to bring these two very important variables in our community together."

The hotel will be owned by Dellisart Wellspring, LLC, the same group behind the Staybridge Suites Hotel in Bowling Green at the intersection of Nashville Road and Campbell Lane.

Daviess County Leaders Drum Up Interest in I-67 Plan

Sep 11, 2013

Business leaders in Indiana and Kentucky are joining forces to drive interest in a cost-effective interstate proposal that would use existing infrastructure to link the states.

The Interstate 67 project would tie into Interstate 69 near Washington, Ind., and eventually link up with Interstate 65 in Bowling Green, Ky.

Washington Mayor Joe Wellman says the ability to tie into I-69 in Washington has spurred interest among Daviess County officials.

The Washington Times-Herald reports a $200,000 study shows the road would draw at least 16,000 vehicles a day and could ease congestion on I-65 near Louisville.

Coalition member Hank Menke says there's no money for the project right now. But he hopes the study has sent a strong message to state transportation officials that the idea is worth considering.

A company that aims to manufacture steel tubes for the energy industry is expanding its operations and employment in Hopkinsville.

PTC Seemless Tube Corporation announced Thursday that it plans to create nearly 300 jobs and invest over $100 million  in a new manufacturing facility. It’s a return to the Hopkinsville area for the company, which previously closed its Christian County facility in order to move closer to its customer base.

PTC Seemless now says it wants to return to the region by retrofitting and expanding its former facility. The new manufacturing operation will involve 256,000 square feet of building area.

The Kentucky Economic Development Finance Authority has given preliminary approval for $12 million in tax incentives for the project.

Beshear Welcomes Dr. Schneider To Russell County

Aug 28, 2013
Dr. Schneider Automotive Systems

A German-based auto parts manufacturer is investing $29 million dollars in Russell County – meaning more than 150 jobs are coming to the Russell Springs area. Representatives for  Dr. Schneider Automotive Systems took part in a special welcoming ceremony in Russell Springs. 

The event was attended by Kentucky Gov. Steve Beshear.

Russell County Judge-Executive Gary Robertson says the company will be moving into the Hitachi Cable plant that closed down in 2007.

“That plant is pretty much work-ready,” said Robertson.  They are having to do a few renovations to some flooring, but [the plant] was already available.”

Robertson says the new operation will provide jobs for those already in Russell County and bring in new residents.

Two Republican Congressmen from Kentucky will host a field hearing in Lexington Tuesday titled "Health Care Challenges Facing Kentucky's Workers and Job Creators. 

"This is an official Congressional hearing where witnesses will offer testimony that will become part of the Congressional record," says U.S. Representative Andy Barr of Lexington.

Representative Brett Guthrie of Bowling Green is also hosting the hearing that will focus on the Affordable Care Act.  The federal health care overhaul requires employers with 50 or more full-time workers to provide health insurance or pay penalties.  Last month, the Obama administration pushed back implementation of the employer mandate until January of 2015.

Kentucky's two largest children's hospitals are partnering to provide better pediatric care across the state.  Kosair Children's Hospital and U-K Children's Hospital have signed a letter intent to join forces and will spend the next few months working out the details. 

"Bottom line is, we can do more together than separately," says Stephens Williams, CEO of Norton Healthcare, which owns and operates Kosair.  "Our goal is to continue to expand services, certainly allowing us to better compete with children's hospitals in our border states." 

Williams says the collaboration will allow the hospitals to recruit more specialty pediatricians to handle some of the chronic diseases that plague Kentucky children such as obesity and diabetes. 

The partnership will also build upon collaborations the two hospitals already have with their cancer and transplant programs. 

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