Consultants hired last week to help Kentucky's Blue Ribbon Commission on tax reform stressed the importance of tax policies and business climates in surrounding states. A new rating released today by Chief Executive Magazine places Tennessee and Indiana in the top five states, in terms of having business-friendly climates.
The Tennessee Valley Authority will look for ways to reduce its expenses in the months ahead, and some positions will be cut. TVA officials announced today that the power supplier brought in about eleven percent less revenue during the first six months of its financial year, compared to the first six months of the previous financial year. An unusually warm winter, which reduced power sales, was cited as a major contributing factor.
CafePress Incorporated will move its Global Headquarters to Louisville,in a move that will create nearly six hundred jobs in Jefferson County. The company already has a 140 thousand square foot fulfillment center in the area. That operation will be expanded by another 185 thousand square feet, at an investment of more than sixteen million dollars.