Business

Business
2:20 pm
Tue May 28, 2013

Scam Making Rounds in Listening Area Involves "Medical Alert System"

Some senior citizens in our listening area have been the targets of a scam involving promises of a free medical alert system.

The Better Business Bureau office that serves Louisville, southern Indiana, and western Kentucky says the scammers tell those who pick up that someone has ordered them a free medical alert system, and that the call is intended to confirm shipping instructions.

"So then the person on the line is to told to press a button to speak to a customer service representative, and that person actually asks them for their personal information, including their credit card number for shipping fees,” says Reanna Smith-Hamblin, from the Better Business Bureau.

Reanna Smith-Hamblin with the Better Business Burea says it appears the scam is originating from an automated dialing system that can place thousands of calls a day. Smith-Hamblin advises anyone getting such calls to immediately hang up the phone.

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Business
3:03 pm
Thu May 23, 2013

Internet Sales Tax Bill Could Restore Some State Budget Cuts, Kentucky Group Says

Your online purchases could alleviate some of Kentucky's budget woes.

The federal legislation that allows states to collect sales taxes from more online retailers would benefit the Kentucky state budget, argues a policy group focused on economic policy.

If such legislation passed, Kentucky could gain $130 million to $200 million in revenue per year, the state's Blue Ribbon Tax Commission has estimated.

That sort of money could lead to a restoration to programs that have recently been cut, including the child care subsidy for low-incoming, working families,  says Jason Bailey, director of the Kentucky Center for Economic Policy.

The new revenue wouldn't be a miracle fix for the state budget, Bailey says, but it could reverse some serious cuts made the last few years.

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Business
10:53 am
Fri May 17, 2013

Coalition Forms to Oppose Electricity Rate Increase in Northwestern Kentucky from Smelter Deal

A coalition of western Kentucky businesses and residents has formed in hopes of minimizing the fallout of an electricity rates deal between Big Rivers Electric Co-Op and western Kentucky aluminum smelters.

The coalition is worried the deal will lead to higher utility bills for residents and businesses.

Aluminum prices have been low in the past few years, and across Kentucky, aluminum smelters have sought to save money on their electricity bills.

Earlier this year, Big Rivers cut a deal with two Western Kentucky smelters, allowing them to buy their electricity on the open market. The smelters said the change was necessary to stay in business, but the deal cost the electric company more than half of its customer base.

To make up for that, Big Rivers is asking the Kentucky Public Service Commission to approve a 30 percent rate increase for its remaining customers.

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Business
3:12 pm
Wed May 15, 2013

Kobe to Add 100 New Jobs to Warren County Facility in $66 Million Expansion

Gov. Beshear announcing Kobe's latest expansion in Warren County
Credit Kevin Willis

Kentucky Gov. Steve Beshear Wednesday announced a $66 million expansion at Kobe Aluminum Automotive Products in Warren County.

The move includes 100 new full-time jobs and an additional 87,000 square feet at the plant outside Bowling Green, where employees build aluminum suspension products for the automotive industry.

Bowling Green Mayor Bruce Wilkerson said Kobe's announcement is a shot in the arm for the region.

"Kobe has been a great corporate citizen for the past eight years, and we look forward to continuing this relationship long into the future," said Wilkerson. "We congratulate them on their decision to expand here again and send well wishes for their continued growth."

Kobe first opened its Warren County facility in 2005, and currently employs 270 full-time workers.

Business
12:14 pm
Tue May 14, 2013

Glass Door Maker Opening Facility in Todd County, Adding 100 Jobs

A company that makes glass doors will create 100 full-time jobs when it opens its manufacturing plant in western Kentucky.

Glass Door Solutions LLC is a new company that plans to lease a facility in Elkton in Todd County with an investment of $3.5 million.

The state has given preliminary approval to tax incentives of up to $1.95 million for the project.

Gov. Steve Beshear helped announce the plan on Monday.

Beshear's office said Glass Door Solutions will make glass doors for display cases in grocery and convenience stores.

Business
2:28 pm
Thu May 9, 2013

Distillery in Louisville Latest Member of Kentucky Bourbon Trail

Heaven Hill is setting up shop in downtown Louisville.
Credit bizpics.com

The Kentucky Bourbon Trail is expanding to include a small distillery that's tucked in the shadows of skyscrapers in downtown Louisville.

Heaven Hill Distilleries' new distillery will become the eighth stop on the popular tourist attraction that has drawn more than 2.5 million visitors in the past five years.

Mayor Greg Fischer said Thursday that bringing the Bourbon Trail to Louisville will enhance the city's bourbon tourism efforts.

The Kentucky Bourbon Trail takes visitors to several rural and rustic settings to visit the places where iconic bourbons such as Maker's Mark, Wild Turkey, and Woodford Reserve are crafted.

Kentucky is home to 95 percent of the world's bourbon production.

Business
10:44 am
Thu May 9, 2013

Paper Company to Invest More in Hancock County Plant, Retain Jobs

Credit Domtar Paper Company

A paper company has announced plans to invest $20 million in its facility in Hancock County and retain 452 jobs. Domtar Paper Company LLC says it will upgrade and add equipment to its Hawesville operation.

Domtar operates 13 mills throughout the world, including its pulp and paper facility in northwestern Kentucky. The Hancock County plant makes an estimated 80,000 tons of market hardwood pulp—used for paper production—and about 600,000 tons of printing grade paper each year.

One of the changes at the plant will be a new conveyor system, which Domtar says will lower operating costs and reduce greenhouse gas emissions from the facility.

Business
9:09 am
Tue April 30, 2013

Kentucky Bourbon Production Tops 1 Million in 2012

Bourbon barrels rest inside a warehouse at Woodford Reserve.
Credit Kevin Willis

The amount of bourbon produced by Kentucky distillers has topped 1 million barrels for the first time in nearly 40 years.

Officials with the Kentucky Distillers' Association said Monday that 1,007,703 barrels were filled in 2012. The last time the total went over a million was in 1973 when 1,004,877 barrels were produced.

The group's president, Eric Gregory, told the Lexington Herald-Leader that Kentucky's distilleries are experiencing double-digit sales growth and seeing landmark production levels while investing in new facilities.

The group says bourbon production is up more than 120 percent since 1999.

Business
1:57 pm
Mon April 29, 2013

Century Aluminum and Big Rivers Reach Deal on Buying Power on Open Market

Century Aluminum in Hancock County and Big Rivers Electric Corporation have reached a tentative agreement that will allow the electricity supplier to buy market-priced power for the Hawesville smelter.

The Owensboro Messenger-Inquirer reports Century Aluminum also announced today that it is purchasing the Webster County smelter Sebree Works-Rio Tinto Alcan.

The moves appear to at least stabilize the aluminum industry in the northwestern Kentucky region, which employs about 1,200 people.

Business
12:33 pm
Fri April 19, 2013

Toyota to Add Jobs, Begin New Lexus Production at Kentucky Plant

Lexus ES 350

A Lexus luxury brand vehicle will soon be built in the Bluegrass State. Toyota officials made the formal announcement Friday morning at the auto maker’s Georgetown, Kentucky, plant, where production of the Lexus ES 350 will begin in 2015.

Governor Beshear told Toyota leaders in attendance that he appreciates their decision to invest further in Kentucky.

“We realize the care and the pride that you take in that vehicle and that it requires the utmost in a skilled workforce, not to mention top quality components,” said Beshear. “Your confidence in the quality of Kentucky’s workers, especially our team here in Georgetown is appreciated and well placed.”

Kentucky Toyota workers will produce about 50,000 of the new Lexus vehicles annually once production begins in two years. The expansion will add an estimated 750 new jobs to a facility that already employs 6,600 workers.

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