A new distribution and manufacturing facility in Franklin plans to add 40 new jobs over the next few years. MultiTech Industries creates springs, wire forms, machined components, and other parts for automotive manufacturers.
MultiTech will occupy a 32,000-square-foot spec building in the Sanders Interstate Industrial Park in Simpson County.
The company will initially employ ten workers, and says it wants to add up to 40 positions over time.
Tennessee is, for a fourth consecutive year, ranked No. 1 in automotive manufacturing strength in the nation.
Economic development publication Business Facilities has released its annual ranking, showing Tennessee the top state.
Economic and Community Development Commissioner Bill Hagerty called the ranking "an impressive distinction" and said expansions and relocations by automotive manufacturers like General Motors, Nissan, and Volkswagen, and Magneti Marelli further solidify the state's position globally.
With the auto plants and those of their suppliers, there are more than 900 automotive plants in the state. In fiscal 2012-2013, 44 automotive projects created 6,662 new jobs in Tennessee and investments totaled close to $1.1 billion.
The White House says President Barack Obama will travel to Tennessee next week to promote his proposals for boosting U.S. manufacturing and high-wage jobs.
Obama will fly on Tuesday to Chattanooga, where he'll visit an Amazon fulfillment center, which packs and ships products to online purchasers. The White House says Obama will discuss ideas he's presented previously to promote American competitiveness and job growth — and also some new ideas.
It's the first in a series of speeches Obama will be giving on specific policy areas. The speeches build on Obama's visits this week to Illinois, Missouri and Florida, where he's speaking broadly about the state of the economy and the need to build a stronger middle class ahead of fiscal fights in Congress this fall.
Huge job losses in manufacturing and several other key sectors pushed Kentucky's unemployment rate to 8.4 percent in June.
The Office of Employment and Training released the latest numbers on Thursday, showing the manufacturing sector lost 3,200 jobs in June.
The education and health services sector, another of several big losers, was down 1,500 jobs. The trade, transportation and utilities sector lost 1,200 jobs. The professional and business services sector shrunk by 900 jobs. And the construction sector was down 700 jobs.
Seasonal hiring bolstered the leisure and hospitality sector, which added 7,700 jobs. The arts, entertainment and recreation sector added another 1,800 jobs. And the government sector grew by 700 jobs.
The Owensboro City Commission has voted to create a downtown entertainment district.
The Messenger-Inquirer reports the ordinance that passed Tuesday protects millions of dollars worth of investments in the downtown area, including the convention center, from being affected by a wet-dry election. The ordinance is allowed under a new state law that protects certain projects in precincts that have been voted dry.
Opponents argue the measure will encourage the sale of more alcohol.
The man who introduced the world's first single barrel bourbon has died at the age of 93. Buffalo Trace Master Distiller Emeritus Elmer T. Lee passed away Tuesday morning following a brief illness.
Lee's connection to Kentucky's signature spirit began in 1949, when he started working in the engineering department of the George T. Stagg Distillery in Frankfort. In 1966, Lee was promoted to plant superintendent, and three years after that he became plant manager.
Lee's most lasting contribution to the world of bourbon came in 1984 when he introduced the first-ever single barrel bourbon, called Blanton's. Taking a cue from the scotch industry that gained popularity in the U.S. through single-malt varieties, Lee honed the technique of identifying and cultivating the best bourbon that could be produced in his distillery's warehouses. He took into account where the barrels were located in the warehouse, how often they were rotated, and how long the whiskey aged in the barrels.
In 1986, Buffalo Trace honored Lee by naming a line of single barrel bourbons Elmer T. Lee.
A Bowling Green man is asking Kentucky's top law enforcement officer to investigate why gas prices in the city are always 20 to 40 cents higher than in surrounding communities.
Edward Caston, a retired businessman, says he's not against businesses making a profit, but he thinks Bowling Green residents are being treated unfairly. Caston has gathered more than 25,000 signatures on a petition and believes that's enough to warrant the attorney general's attention.
"I'm gonna ask him if he wants ten thousand or 20,000 names. We'll just take our time and get the names," says Caston. "We want an investigation. "We want to know why and how they can get away with this for so many years."
Economists contend that price variations are are not necessarily indicative of price-gouging or price fixing.
Caston plans to deliver the petition to Attorney General Jack Conway's office on Wednesday.
The AG's office investigated gas prices statewide in 2008 and concluded that Marathon Petroleum has a monopoly on the wholesale gasoline market in Kentucky, which has led to higher prices. The study did not look specifically at Bowling Green.
The attorney general forwarded the investigation to the Federal Trade Commission, which took no action. The FTC was recently asked again to look at the findings.
An international information technology company is adding 1,300 new jobs at its facilities in London and Winchester, Kentucky.
The new General Dynamics positions will provide technical assistance for the implementation of the federal government’s Health Insurance Marketplace. The General Dynamics site in London will employ up to 1,000 people, with the Winchester facility taking on 300 new workers.
The company already employs 400 people at a site in Corbin.
The new positions are for customer service representatives who will work in call centers at the facilities.
General Dynamics is holding job fairs for prospective applicants July 20 and 27 at the Somerset Community College Laurel Campus in London from 10 a.m. to 2 p.m. Job fairs will be held in Winchester July 15 and 16 at Bluegrass Community and Technical College campus in Clark County.
The Obama administration is giving businesses a break under the Affordable Care Act. The federal health care law requires companies with 50 or more workers to provide full-time employees insurance coverage or pay fines.
The employer mandate was supposed to take effect January first, but in a decision announced Tuesday, implementation is being delayed one year to 2015.
"We feel like this is the number one issue for businesses right now. There's a lot of uncertainty that comes with the law," says Ashli Watts with the Kentucky Chamber of Commerce. "There's tens of thousands of pages of regulations to sift through."
Watts adds that making sense of the law is especially difficult for smaller companies.
"For larger businesses, they have HR people, attorneys, CPAs that can help them navigate through this. Mom and pop businesses may not have those resources," explains Watts.
Businesses have complained the employer mandate is too complicated. For example, the law created a new definition of full-time workers, those putting in 30 hours or more.
The Kentucky Chamber of Commerce says businesses they've heard from are most concerned with what the federal health care law means to their bottom line.
Friday marks the end of an era in Bowling Green as the woman behind Teresa's Restaurant calls it a career.
Teresa Blair-Reno has been in the restaurant business for three-quarters of her life, and has spent the last 16 years as the self-proclaimed "queen bee" at Teresa's.
After decades of hundred-hour work weeks and personal sacrifice she realized she didn't have the same passion for the business.
"I lost a son a few years ago, and just had an awakening that it was time for me to enjoy my family. I just think it's time--time for me to take time for Teresa, and do what I need to do."
Still, Blair-Reno admits she's going to miss the staff and customers who have been like parents and siblings to her.
"I love the people who walk in the door. They've watched me grow up and have helped me grow up. I've been waiting tables since I was 13. And I get pretty emotional because they've helped me raise my family."
"I get pretty emotional because this community has been like a family to me."