Business

Business
5:54 am
Tue January 29, 2013

Kentucky Bourbon Trail Sees Another Record Breaking Year

Barrels at the Woodford Reserve Distillery in Versailles, Ky.
Credit Kevin Willis

More than 500,000 people visited distilleries along Kentucky's bourbon trail in 2012, marking a 15% increase over the year before.

The Trail's director said the new attendance record was 509,292. It's the first time since the trail opened in 1999 that the number of visitors broke the half-million mark. Adam Johnson said visitors came from all 50 states and more than 50 countries.

The Kentucky Bourbon Trail is a distillery tour that features Four Roses and Wild Turkey in Lawrenceburg, Heaven Hill in Bardstown, Jim Beam in Clermont, Maker's Mark in Loretto, Town Branch in Lexington and Woodford Reserve in Versailles.

Business
3:49 pm
Mon January 28, 2013

Thousands Lose Cash in Kentucky-Based Scheme

Paul Orberson
Credit paulorberson.net

State and federal authorities are accusing a University of Kentucky athletics booster of running a massive pyramid scheme. A lawsuit has been filed against Fortune High-Tech Marketing, a Lexington company owned by Paul Orberson. 

The self-made millionaire has donated more than $1 million to UK athletics. Attorney General Jack Conway says Fortune High-Tech scammed more 100,000 people out of hundreds of millions of dollars. Conway says 96% of people who bought into Fortune High-Tech lost their money.

Business
4:46 pm
Thu January 24, 2013

Kentucky Kingdom to Reopen in 2014--Pending Loan Approval

Kentucky Kingdom before it closed in 2009

The Kentucky Kingdom amusement park will open in spring of 2014 under an agreement approved Thursday. The Kentucky State Fair Board unanimously approved the pact that would require investors, led by former park operator Ed Hart, to put up $45 million, including $25 million that they would borrow.

The Courier-Journal reports the deal is contingent on investors securing the loan. The investment group behind the effort, the Kentucky Kingdom Redevelopment Corporation, would have a lease on the state-owned property for 50 years.

The group would control 57 acres and another four acres for a potential expansion of Kentucky Kingdom’s water park. When the park was open, it employed between 800 and 1,000 summer workers.

Business
11:31 am
Thu January 24, 2013

Bill Would Give Some Ex-Felons in Kentucky a Clean Record

A bill filed in the General Assembly would allow some Kentuckians convicted of one or more class D felonies to have those convictions deleted from their record. The aim is to remove a barrier many ex-criminals face in gaining employment.

The Messenger-Inquirer reports a measure sponsored by Campbellsville Rep. John Carney and Covington Rep. Arnold Simpson would require a person convicted of one or more Class D felonies stemming from a single incident to complete his or her sentence and wait ten years before asking a court to expunge the offenses.

A judge would then consider recommendations from the Commonwealth’s Attorney, who would conduct interviews with victims of the crimes perpetrated by the felon.

Under the bill, if the convictions did not involve sexual offenses or any crimes against juveniles, and if the felon had no prior convictions, the judge could decide to expunge that person’s record.

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Business
6:17 am
Thu January 24, 2013

Kentucky Among National Leaders in Vehicle Production

The new Corvette Stingray will be produced in Bowling Green

Kentucky's automotive industry had more than a million vehicles roll off their lines in 2012 for the first time since 2007.

Kentucky ranks fourth in the nation for total light vehicle production, third in the production of cars and fourth for light trucks. One out of every ten light vehicles produced in the United States in 2012 was made in Kentucky. Kentucky is home to nearly 450 motor vehicle related facilities employing almost 75,000 people. In the last two years, 135 auto industry location or expansion announcements were made representing 7,200 new jobs and nearly $1.8 billion in new capital investments.

Governor Steve Beshear attended the Detroit Auto Show earlier this month for the unveiling of the 2014 Corvette Stingray which is made in Bowling Green. General Motors is in the process of a $131 million plant transformation to the Bowling Green plant.

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