Business

Business
9:41 am
Fri May 18, 2012

Daviess County Leader Proposing Increase in Local Hotel Tax

Daviess County Judge-Executive Al Mattingly says a 1% tax increase on hotel rooms in the county is needed to support the new downtown convention center. Mattingly told Daviess County Fiscal Court members that unless the slight tax increase is enacted, city taxpayers would have to foot the cost of running the new convention center when it opens next year.

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Business
4:40 pm
Wed May 16, 2012

Simpson County Manufacturer Expanding

A major employer in Simpson County is getting larger with the announcement of more than 100 new jobs.

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Rocker Bottom Shoe Lawsuit
11:27 am
Wed May 16, 2012

Kentucky Joins Settlement against Shoe Company

Kentucky is one of 44 states reaching a 45 million dollar settlement with Skechers USA, Inc.  The settlement stems from complaints about deceptive advertising for rocker-bottom shoes.

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Financial Problems for Ally's Mortgage Division
10:44 am
Mon May 14, 2012

Mortgage Division Filing Chapter Eleven

The mortgage division of a company which used to be the financing arm of General Motors Company is filing for bankruptcy protection. Ally Financial's mortgage division is known as Rescap.The government-owned lender had reportedly been considering a chapter eleven filing for Rescap for some time.

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Business Development
9:58 am
Sat May 12, 2012

Kentucky Governor To Talk Economic Development in Japan

Governor Beshear at past economic development announcement involving Japanese ownershipn

Kentucky Governor Steve Beshear will leave Sunday for an economic development trip to Taiwan and Japan. The seven day trip is expected to highlight the bluegrass state's 30 year sister-state relationship with Taiwan, and to showcase the Bourbon industry in the Commonwealth.

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Business
8:43 am
Fri May 11, 2012

Hopkinsville Plant to Undergo Major Expansion to Produce Airbus Parts

A Christian County plant has landed a contract through 2020 to make extra-wide airplane body parts for Airbus. Plymouth Engineering Shapes in Hopkinsville is undergoing a $13 million expansion project to accommodate the new contract.

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Business
8:32 am
Fri May 11, 2012

Court Says Maker's is Only Alcohol That Can Mark Its Bottles With Red Wax

Kevin Willis

A rose by any other name may smell as sweet, but an appeals court says a liquor bottle with a red dripping wax seal by any name other than Maker’s Mark would be illegal. Noting that “all bourbon is whiskey, but not all whiskey is bourbon,” an opinion released by the 6th U.S. Circuit Court of Appeals says that only the Kentucky-made bourbon can carry the distinctive bottle topper.

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Business
6:10 pm
Wed May 9, 2012

Businesses Expanding in Allen and Edmonson Counties

Sumitomo Electrical Wiring Systems in Scottsville and Yahagi America Molding in Park City have will expand their operations adding nearly two dozen new jobs. Sumitomo will re-open their previously shuttered first plant that began operations in 1988. The building is currently undergoing a $3 million renovation for manufacturing electric wire terminals produced for automotive wiring harness applications for their North American and European customer base.

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Business
8:26 am
Wed May 9, 2012

Economist Says Warren County Led Kentucky in Creating Jobs Last Decade

Warren County was the state leader in private-sector job growth from 2001 to 2010, expanding by more than 15 percent. That’s the finding of University of Louisville economist Paul Coomes, who briefed the state’s Blue Ribbon Commission on Tax Reform Tuesday about job growth in various regions of Kentucky.

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Business
3:23 pm
Tue May 8, 2012

Toyota is Adding Jobs, Production to Kentucky Plant

The engine of a 2012 Toyota Camry

Toyota Motor Manufacturing in Georgetown  has announced it’s boosting engine production. Toyota officials along with Governor Steve Beshear are hailing the automaker's latest expansion as welcome news – both for a company recovering from highly publicized recalls starting in 2009 and the state of the economy in the Bluegrass.

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