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Business
12:42 pm
Thu March 14, 2013

As Session Nears Close, Kentucky Legislators Grapple with Smelter Issue

With only two days left in this year's Kentucky General Assembly session, time is running out for supporters of legislation meant to keep two western Kentucky aluminum smelters—which employ about 3,000 people—from closing.

Under state law, the smelters are required to purchase electricity from the nearest company—Big Rivers Electric, in this case.  The smelters say lower aluminum prices have them struggling to pay the bills; they're asking for more options for where they get electricity.

Their legislative supporters want to let the smelters purchase electricity on the open market.

Opponents argue that giving the smelters lower rates or open market options would increase prices for the average customer.

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Business
1:33 pm
Tue March 12, 2013

Gov. Beshear to Lead Kentucky Trade Mission to Canada

Gov. Steve Beshear will lead an international business trade mission to Canada this summer. The trip will be the first-ever trade mission of the Kentucky Export Initiative, and will be aimed at boosting commerce between the Bluegrass State and America’s northern neighbor.

Canada already serves as Kentucky’s number one export destination, with the commonwealth exporting $7.3 billion in products and services there in 2012. That’s more than four times the total goods and services exported to Kentucky’s number two trading partner, Mexico.

The Kentucky trade mission will take place June 4-7 in Toronto.

Business
9:27 am
Tue March 5, 2013

Kentucky Bourbon Trail Honored by National Geographic

Credit Kevin Willis
Bourbon barrels rest in a warehouse at Woodford Reserve, one of the stops on the Kentucky Bourbon Trail.

Kentucky’s signature spirit is getting some love from a well-respected publication.

National Geographic has designated the Kentucky Bourbon Trail as one of its top 10 "Best Spring Trips."

The Kentucky tourism attraction is showcased along with excursions and festivals in New Zealand, India, the Netherlands, Portugal, Romania, South Africa and Argentina.

Only three American trips made the top 10.

The Bourbon Trail attracted more than 500,000 visitors in 2012, the first time the tour has broken the half-million mark since its creation in 1999 by the Kentucky Distillers' Association.

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