Business

Business
5:00 am
Sun November 17, 2013

Kentucky-Built Corvette Considered the Best

'14 Corvette Stingray
Credit General Motors

A national publication has named the 2014 Corvette Stingray as Automobile of the Year.  In an announcement Saturday in Michigan, the car was recognized for its “newfound sophistication and heart-pounding performance.” 

The Stingray, produced at the Bowling Green Assembly Plant, is the first new version of the iconic sports car in nine years. 

Jean Jennings is President and Editor-in-Chief of Automobile Magazine.  She told WKU Public Radio that given General Motors’ near collapse, the car is a “stunning achievement.”

“In the darkest times, the engineers and designers never let off the gas, never let a detail slide by as good enough," remarked Jennings.

Another GM vehicle, the Cadillac CTS, came in second place among contenders for Automobile of the Year.

Business
5:00 pm
Mon November 11, 2013

Beshear Cuts Ribbon on Bowling Green Plastics Plant

Kentucky Governor Steve Beshear presented a gift to Alpla, Inc. CEO Guenther Lehner.
Credit Lisa Autry

Kentucky Governor Steve Beshear was in Bowling Green Monday to celebrate the opening of a manufacturing plant.

Austrian-based Alpla began operations in mid-August at its facility in the Kentucky Transpark.  The company invested $22.4 million in the plant and created 72 full-time jobs.

Governor Beshear helped cut the ribbon on the new factory which makes plastic packaging for beverages, cosmetics, and household items.

"Among their customers is Sun Products right here in Bowling Green," explained Beshear.  "You might not know the Aalpla name, but I guarantee you have held in your hand an Alpla-packaged product."

Alpla's Bowling Green plant brings the number of foreign-owned companies in Kentucky to 412.

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Business
6:12 pm
Wed October 9, 2013

Kentucky's Business-Friendly Climate Ranking Drops Slightly

Credit Tax Foundation

Kentucky continues to rank in the middle-of-the-pack when it comes to having a business-friendly tax climate.  The 2014 study, released Wednesday by the non-partisan Tax Foundation in Washington takes into account the corporate tax rate, individual income tax, sales tax, unemployment insurance tax and property tax rate. 

Kentucky’s ranking dropped from 24th in the nation last year to 27th this year.  The study finds Kentucky’s tax code didn’t change that much, but the ranking reflects changes in states with similar numbers. 

Meantime, Indiana ranked 10th in the nation for best business tax climate – earning high marks for low property taxes.  Tennessee ranked 15th thanks in part of a low individual income tax.

Click here to read the full report.

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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