Business news

The price tag for a new downtown convention center in Owensboro now stands at nearly $40 million. The city-county organization overseeing the construction effort has approved the use of $3.5 million in contingency funds for the project.

U.S. Energy Information Administration

Federal officials now say coal accounts for slightly more than one-third of the electricity generated in the United States. Coal's percentage of the market hasn't been that low in decades.

A  Japanese-owned radiator company is announcing plans to invest more than ten million dollars in its facility in Hopkinsville.  State officials say the expenditure will help to retain hundreds of jobs.

New York Blower Company is planning to locate a new manufacturing facility in Grayson County.The investment is expected to create 125 jobs. The company plans to  make an investment of $4.8 million in the project.

Tennessee Department of Commerce and Insurance

Officials in Tennessee say asking hard questions, reading all materials, and scrutinizing websites are important steps to be certain a health insurance offer is legitimate. The Department of Commerce and Insurance says unlicensed companies have been defrauding consumers by collecting premiums for bogus insurance policies, with no intention of paying claims.

The big roller coasters at the old Kentucky Kingdom in Louisville won't be back when the park reopens as Bluegrass Boardwalk. The application for tax credits reveals that several rides will not be refurbished due to their age and the cost of repairs.

TeleTech will invest more than $12 million in a new delivery center in Hopkinsville.  State officials say the investment will include a 45,000 square foot facility. Hopkinsville Mayor Dan Kemp says the company has been considering the area for several years, and this week’s announcement is a reflection of the quality of the workforce in  Hopkinsville and Christian County.

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.

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

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.