Business

Business
8:51 pm
Wed October 2, 2013

Bilstein Group To Open Production Plant in Bowling Green

Municipal leaders, company executives and area business leaders toast the arrival of The Bilstein Group in Bowling Green
Credit Emil Moffatt

 A German company plans to invest $120 million dollars to bring a production plant to Bowling Green.
 
The Bilstein Group says the plant will  bring 90 new, full-time jobs to the area.  Governor Steve Beshear was on hand for the announcement Wednesday at Bowling Green Chamber of Commerce headquarters. Beshear, who just returned from a trip to Europe said he met with Bilstein executives on a previous trip. 

The company makes cold-rolled strip steel products for the auto industry.  It will be the Bilstein Group’s second facility in North America.  

“At the end of a long and thorough decision making process," said Bilstein CEO Marc Oehler. "I can say we are absolutely certain that Bowling Green is the perfect spot for our new [facility] being both sufficiently close to our customers and suppliers as well as within reach from Europe and any place in North America.”

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Business
10:32 am
Wed October 2, 2013

Con Artists See Opportunity in Federal Health Care Law

Enrollment has just begun and there are already some scams related to the Affordable Care Act. 

Reanna Smith-Hamblin with the Better Business Bureau of Kentucky and Indiana says scammers love to prey on confusion over such complex things as the health care law, so her advice is to never give personal information to unsolicited callers.

“This people are after your personal, your identity, so be very careful about anyone that contacts you on the Affordable Care Act," advises Smith-Hamblin.

She adds that you can't even trust caller ID because of spoofing devices that make it look like scammers are calling from a particular place, when in fact, they are not.

Business
10:51 am
Tue September 24, 2013

Churchill Downs Inc. Loses Challenge to Texas Gambling Law

Spectators gathered at Churchill Downs Saturday near the famous twin spires.
Credit Kevin Willis

A federal judge in Texas has ruled against Churchill Down Incorporated in a challenge over online gambling laws.

The Louisville-based company was hoping the judge would throw out a Texas law that bans internet gambling offered by the racetrack’s website.

The Courier-Journal reports the Texas  Racing Commission has recently started to enforce a law requiring that all gambling on horse racing be done in person at the racetrack. The law was later revised by Texas authorities to explicitly outlaw online wagering.

Churchill claimed the “in person” part of the law was a violation of the U.S. Constitution’s interstate commerce clause. But the Texas judge rejected that argument, saying that Churchill Downs and other racetracks can reach gamblers in the Lonestar State through simulcasting—something that is permitted under Texas law.

Churchill started Twinspires.com in 2007 in order to take bets online and over the phone.

Business
5:51 pm
Tue September 17, 2013

Bowling Green, WKU Leaders Say New Hyatt Place Hotel will Connect Campus and City

Political, business, and education leaders from Bowling Green and WKU broke ground Tuesday on a new 108-room hotel.
Credit Kevin Willis

A new hotel is being called a bridge that will bring WKU and downtown Bowling Green closer together.

City and university leaders Tuesday announced that a 108-room Hyatt Place hotel will be built adjacent to the WKU Augustein Alumni Center. Construction on the four-story building will start this fall, with a scheduled opening in fall of 2014.

WKU President Gary Ransdell described the effort as a "cornerstone" that will help unite the school's campus and the city's downtown.

"This is what begins to marry Western Kentucky University--our physical campus--with downtown Bowling Green. This project is going to be the bridge which begins to bring these two very important variables in our community together."

The hotel will be owned by Dellisart Wellspring, LLC, the same group behind the Staybridge Suites Hotel in Bowling Green at the intersection of Nashville Road and Campbell Lane.

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Business
11:37 am
Wed September 11, 2013

Daviess County Leaders Drum Up Interest in I-67 Plan

Business leaders in Indiana and Kentucky are joining forces to drive interest in a cost-effective interstate proposal that would use existing infrastructure to link the states.

The Interstate 67 project would tie into Interstate 69 near Washington, Ind., and eventually link up with Interstate 65 in Bowling Green, Ky.

Washington Mayor Joe Wellman says the ability to tie into I-69 in Washington has spurred interest among Daviess County officials.

The Washington Times-Herald reports a $200,000 study shows the road would draw at least 16,000 vehicles a day and could ease congestion on I-65 near Louisville.

Coalition member Hank Menke says there's no money for the project right now. But he hopes the study has sent a strong message to state transportation officials that the idea is worth considering.

Business
2:03 pm
Thu August 29, 2013

Manufacturer Returning to Hopkinsville, with Hundreds of Jobs On the Way

A company that aims to manufacture steel tubes for the energy industry is expanding its operations and employment in Hopkinsville.

PTC Seemless Tube Corporation announced Thursday that it plans to create nearly 300 jobs and invest over $100 million  in a new manufacturing facility. It’s a return to the Hopkinsville area for the company, which previously closed its Christian County facility in order to move closer to its customer base.

PTC Seemless now says it wants to return to the region by retrofitting and expanding its former facility. The new manufacturing operation will involve 256,000 square feet of building area.

The Kentucky Economic Development Finance Authority has given preliminary approval for $12 million in tax incentives for the project.

Business
3:43 pm
Wed August 28, 2013

Beshear Welcomes Dr. Schneider To Russell County

Credit Dr. Schneider Automotive Systems

A German-based auto parts manufacturer is investing $29 million dollars in Russell County – meaning more than 150 jobs are coming to the Russell Springs area. Representatives for  Dr. Schneider Automotive Systems took part in a special welcoming ceremony in Russell Springs. 

The event was attended by Kentucky Gov. Steve Beshear.

Russell County Judge-Executive Gary Robertson says the company will be moving into the Hitachi Cable plant that closed down in 2007.

“That plant is pretty much work-ready,” said Robertson.  They are having to do a few renovations to some flooring, but [the plant] was already available.”

Robertson says the new operation will provide jobs for those already in Russell County and bring in new residents.

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Business
5:00 am
Mon August 26, 2013

Kentucky Congressmen Hold Field Hearing on ObamaCare

Two Republican Congressmen from Kentucky will host a field hearing in Lexington Tuesday titled "Health Care Challenges Facing Kentucky's Workers and Job Creators. 

"This is an official Congressional hearing where witnesses will offer testimony that will become part of the Congressional record," says U.S. Representative Andy Barr of Lexington.

Representative Brett Guthrie of Bowling Green is also hosting the hearing that will focus on the Affordable Care Act.  The federal health care overhaul requires employers with 50 or more full-time workers to provide health insurance or pay penalties.  Last month, the Obama administration pushed back implementation of the employer mandate until January of 2015.

Business
1:09 pm
Fri August 23, 2013

Kentucky Hospitals Announce Partnership to Strengthen Pediatric Care

Kentucky's two largest children's hospitals are partnering to provide better pediatric care across the state.  Kosair Children's Hospital and U-K Children's Hospital have signed a letter intent to join forces and will spend the next few months working out the details. 

"Bottom line is, we can do more together than separately," says Stephens Williams, CEO of Norton Healthcare, which owns and operates Kosair.  "Our goal is to continue to expand services, certainly allowing us to better compete with children's hospitals in our border states." 

Williams says the collaboration will allow the hospitals to recruit more specialty pediatricians to handle some of the chronic diseases that plague Kentucky children such as obesity and diabetes. 

The partnership will also build upon collaborations the two hospitals already have with their cancer and transplant programs. 

Business
6:30 am
Wed August 21, 2013

Beshear Bashes Florida Governor's Recruitment Effort

Gov. Steve Beshear

Kentucky Gov. Steve Beshear is ripping into Florida Gov. Rick Scott over what he calls a "crude" effort to lure businesses to the Sunshine State.
 
Beshear on Monday sent a letter to Scott criticizing the Republican governor's attempt to get companies to relocate. He called the effort in "poor taste" and also said some of the information Scott sent to Kentucky businesses was misleading and false.
 
Scott has sent letters to business leaders in several states contending that they should book a "one way" ticket to Florida. He has argued that companies should take advantage of the state's tax structure.

Beshear in his letter says "my advice to you, as a fellow governor, is to focus on your state and its people, and I'll focus on my mine."

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