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Business news

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. 

Beshear Bashes Florida Governor's Recruitment Effort

Aug 21, 2013

Kentucky Gov. Steve Beshear is ripping into Florida Gov. Rick Scott over what he calls a "crude" effort to lure businesses to the Sunshine State.
 
Beshear on Monday sent a letter to Scott criticizing the Republican governor's attempt to get companies to relocate. He called the effort in "poor taste" and also said some of the information Scott sent to Kentucky businesses was misleading and false.
 
Scott has sent letters to business leaders in several states contending that they should book a "one way" ticket to Florida. He has argued that companies should take advantage of the state's tax structure.

Beshear in his letter says "my advice to you, as a fellow governor, is to focus on your state and its people, and I'll focus on my mine."

An aluminum smelter in Hancock County will be supplied with electric power purchased on the open market under a plan announced Wednesday by the Kentucky Public Service Commission.

Century Aluminum of Hawesville says it needed the arrangement in order to remain open. The smelter employs 700 workers and has traditionally purchased power generated by Big Rivers Electric Corporation in Henderson. But Century officials say using electric power purchased on the open market by Kenergy Corporation will be much cheaper.

The PSC said in a statement that the plan tries to achieve a “delicate balance” between keeping the Hawesville smelter open and not imposing high costs on Big Rivers customers beyond those that would occur if Century Aluminum closed.

The new agreement will go into effect Aug. 20.

Kentucky Exports Grow Quickly in 2013

Aug 13, 2013

Kentucky manufacturers are exporting goods at a lightning pace through the first six months of 2013. The governor’s office says exports grew by over 12 ½ percent during that time. That’s the second-fastest pace in the nation, right behind New Hampshire.  

Exports to Great Britain saw one of the strongest increases through the first half of the year. 

Cars and chemicals are traditionally among the biggest exports for Kentucky as are aircraft engines and parts like those made by General Electric in Madisonville.

 

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