A new report concludes that the addition of an NBA team in Louisville wouldn’t make economic sense for Kentucky’s largest city. The report concludes a professional basketball team would add an estimated $2.4 million dollars to the local economy in the form of tax revenue and job creation. But that wouldn’t make up for the potential costs of luring a team to the city.
The election is over, and for Kentucky, the political focus now shifts to the 2013 General Assembly. The state Chamber of Commerce says the top priority has to be reforming Kentucky’s public pension systems. Chamber President Dave Adkisson says a task force created to study the problem needs to reach a consensus in the next 60 days.
Kentucky’s Department of Financial Institutions says investors should beware of “crowdfunding” money-raising strategies. The agency says some of the on-line fundraising techniques could be used by scam artists.
A Pulaski County manufacturer is expanding operations and adding ten full-time jobs. CCI Industrial Services plans to move its existing 24, 000 square foot operation into a 20, 000 square foot facility.
A new survey shows more than half of Kentucky’s manufacturers plan to add workers in the new year. A total of 184 companies in the state responded to the annual Manufacturing, Wage, and Benefits survey.
Voters in Sebree have decided against allowing restaurants to sell liquor by the drink with meals. The Gleaner reports that the measure on Tuesday's ballot in the Webster County city failed by a final vote of 270-180.
The United Methodist Publishing House has announced that it will move all retail sales to its online portal and call centers, with the intention of closing its Cokesbury bookstores. The Nashville-based publisher has supplied religious materials for decades. The firm distributes religious books, Bibles, and other Christian resources.
A Colorado company is seeking a permit to develop a fertilizer coating facility and barge terminal on 104 acres along a bend of the Ohio River near the Meade County town of Brandenburg. Agrium Advanced Technologies of Loveland, Colo., asked the Louisville District of the U.S. Army Corps of Engineers for the permit for the project.
Gov. Steve Beshear has pledged $1 million in coal severance revenue to be used in Pikeville's push to get an airline to serve far eastern Kentucky. Pikeville officials have been trying to get passenger air service to their local airport for more than two years.