Business

Business
9:33 am
Wed August 22, 2012

STC to Expand Headquarters in Hardin County

State and local officials are announcing a plan to expand the Elizabethtown, Kentucky  facilities of STC Management Group. STC manages Sun Tan City and Planet Fitness businesses.  Kentucky Governor  Steve Beshear says the company is investing $350,000 in the Elizabethtown area to add fifteen professional jobs. The Group has been headquartered in the Hardin County city since 2004.

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Business/Environment
10:03 am
Tue August 21, 2012

Questions Raised about Sale of Coalfields in India

Coal
U.S. Energy Information Administration

Last week the state of Kentucky announced that India would purchase large quantities of coal from companies in the Commonwealth in the future. This week, some lawmakers in India are raising questions about the procedure used to sell coal fields in that country. Angry opposition lawmakers have shouted and crowded aisles in India's parliament to demand the prime minister resign.

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Business
8:18 am
Tue August 21, 2012

Hancock County Smelter to End Power Contract, Could Close Doors

An aluminum company operating a western Kentucky smelter has given notice to terminate its power contract with Big Rivers Electric Corp. The move signals that the nearly 700-employee smelter at Hawesville is in jeopardy.

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Business
8:08 am
Tue August 21, 2012

Some Say Campaign over Alcohol Votes in Southeastern Kentucky Turning Negative

Some southeastern Kentucky residents say campaigns on a vote that could allow alcohol sales in the community have taken a negative turn. McCreary County voters head to the polls next Tuesday to decide the controversial issue.

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Business
8:33 am
Fri August 17, 2012

Famous Kentucky Philanthropist, Business Leader Dies

Owsley Brown Frazier suffered from poor health late in this life.

One of Kentucky’s most famous philanthropists has died in Louisville. Owsley Brown Frazier was 77. Frazier was the great-grandson of the distiller who founded Brown-Forman Corp., whose brands include Woodford Reserve, Jack Daniels, and Old Forester.

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Business
8:17 am
Fri August 17, 2012

Edelen Wants Greater Oversight of Kentucky's Special Taxing Districts

Kentucky Auditor Adam Edelen is encouraging local officials to help him find out about the state’s hundreds of special taxing districts. A special taxing district is a quasi-governmental agency—such as a local sewer system or public library—that gets its funds from a separate tax.

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Business
3:05 pm
Thu August 16, 2012

TVA Votes to Hold Rates Steady, CEO Announces Departure

Electricity rates for Tennessee Valley Authority customers in seven states will not be increased in the coming fiscal year.  TVA's board of directors voted Thursday to approve an $11.2 billion budget for the upcoming fiscal year that begins Oct. 1 and does not include any rate hikes.

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Business
10:58 am
Thu August 16, 2012

Louisville Developer Launches New Bid to Reopen Kentucky Kingdom

There's a new plan to develop an abandoned amusement park in Louisville. The Courier-Journal reports three Louisville business leaders joined developer Ed Hart in a $40 million bid that would reopen Kentucky Kingdom in 2014. 

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Business
10:56 am
Wed August 15, 2012

Abramson Concedes Major Changes to Kentucky Tax System Unlikely Anytime Soon

The chair of Kentucky’s tax commission says a sweeping overhaul of the state's tax code isn't in the works. While Lieutenant Governor Jerry Abramson says, in his heart, he wants to see a major change in the tax code, he admits it's not likely.

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Business
10:33 am
Wed August 15, 2012

Kentucky Part of $7 Billion Coal Pact with India

Coal mines in Kentucky and West Virginia will send millions of tons of coal to India, under the terms of a 25-year contract that was signed Wednesday. The deal is being hailed as a sign of hope in the coal export market.

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