Business

Business news

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.

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.

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.

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.

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.

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. 

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.

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.

A federal judge's ruling could open the door to the sale of hard liquor and wine in grocery stores. Currently state law allows grocery stores to only sell beer, while liquor stores and drug stores can sell beer, wine and liquor.

One western Kentucky community has approved the sale of alcohol while another split the vote. Residents in Princeton approved restaurant and package liquor sales on Tuesday by nearly 200 votes.

Sweetwater Music

Federal Prosecutors say a deal has been reached to drop the criminal case against Gibson Guitar Corporation. A highly publicized raid of the company’s Nashville facilities had drawn controversy for several months. The company, which manufactures some of the best-selling guitars in the world,  will pay a 300 thousand dollar fine.

Daviess County Fiscal Court has voted to allow a company's request to rezone 700 acres of land for coal mining. However, both supporters and opponents of the move say the issue isn't settled yet.

Kevin Willis

Daviess County Fiscal Court will vote Thursday evening on whether it should uphold a decision to rezone nearly 700 acres for coal mining. The Owensboro Metropolitan Planning Commission narrowly approved the request in May.

Gov. Bill Haslam has brought together business leaders struggling to hire qualified workers and education officials who say they need more help preparing the state's workforce.

Voters in Georgetown have resoundingly approved the sale of package liquor. According to the Georgetown News-Graphic, the unofficial referendum results showed the measure passed with more than 70% of voters approving it.

Pages