Farm Bureau Marketbasket Survey results show food prices have remained steady since beginning of year

Kentucky Farm Bureau’s (KFB) latest Marketbasket Survey indicates food prices have remained steady since the beginning of the year. This is in contrast to what was seen throughout 2016. Quarterly measures indicated decreases in the 40 basic food items which make up the survey throughout most of last year and carried over into the first quarter of 2017.   This third quarter increase of just .15...

Community Banking in 21st Century report details trends among community banks across Kentucky

The Kentucky Department of Financial Institutions (DFI) joins the Conference of State Bank Supervisors (CSBS) and the Federal Reserve in releasing an annual report that features the findings of a nationwide survey on community banking. In the report, Kentucky bankers shared insights and concerns about the economy, competition and regulatory burden. The report was released in conjunction with the Community...

Keven Moore: What’s Kentucky’s most dangerous animal? If you’re behind the wheel, it’s a deer

The most dangerous animal in the state of Kentucky is not a rattlesnake or black bear. It is the docile, beautiful but-oh-so-deadly whitetail deer. That’s right. Run-ins with deer on roadways cause millions of vehicle accidents every year. It’s especially common in October, November and December, the peak of mating season. According to the Kentucky State Police, nearly 47 percent of all collisions...

Kentucky’s annual workers’ comp filing approved; loss costs down for 12th consecutive year

The Kentucky Department of Insurance (DOI) announced the approval of the 2017 rate filing used to develop rates for workers’ compensation coverage. For the twelfth consecutive year, the filing shows an overall decrease in Kentucky’s loss costs. A loss cost is an average compensation for lost wages based on the level of disability, plus medical benefit payments. DOI Commissioner Nancy Atkins attributes...

Six Kentucky banks launch $150 million fund supporting public-private partnership projects

Six Kentucky-based banks have launched a first-of-its-kind investment fund to support public-private partnership (P3) projects throughout Kentucky. The institutions launching the $150 million Commonwealth Infrastructure Fund (CIF) are among the largest community banks in the state: Central Bank & Trust Co. Commonwealth Bank & Trust Co. Stock Yards Bank & Trust Co. United Bank &...

Farmers Rural Electric Cooperative earns Governor’s Safety and Health Award

Labor Cabinet Deputy Secretary Mike Nemes visited Farmers Rural Electric Cooperative Corporation in Lucas Monday to present a Governor’s Safety and Health Award for the 358,824 production hours worked without a lost-time incident by employees. “Congratulations to Farmers Rural Electric Cooperative Corporation on achieving its fourth Governor’s Safety and Health Award,” said Labor Secretary...

Blue Grass Airport recognized a champion of diversity at Urban League Empowerment Dinner

Blue Grass Airport was recognized as the Corporate Champion of Diversity at the 49th annual Urban League of Lexington-Fayette County Empowerment Dinner. This diversity award is presented to businesses that embrace, celebrate and apply holistic inclusion in its activities, community relations, workplace representation and in the vendors it utilizes. According to P.G. Peeples, President/CEO at Urban...

UofL College of Arts and Science forum will focus on economic development in west Louisville

A Nov. 2 economic development forum focused on west Louisville will examine strategies and available resources to help rebuild and sustain communities. The University of Louisville’s College of Arts and Sciences is offering the public event, “The Future of Our Community: West Louisville Economic and Community Development Forum,” at the Kentucky Center for African American Heritage, 1701 W. Muhammad...

Bowling Green’s Cline installed as president; state award winners recognized at KAR Convention

Kentucky Realtors (KYR), one of the state’s largest professional associations representing more than 10,600 members, elected and installed its 2018 Board of Directors and leadership during the 95th Annual KYR Convention in Cincinnati, Ohio. Cline Steve Cline, a member of the Realtor Association of Southern Kentucky (RASK) in Bowling Green, was installed at the Convention as the 2018 President of...

Stanford University researcher Rauh to discuss pension issues during Gatton College event

As Kentucky lawmakers try to decide how to deal with the Commonwealth’s pension problem, a widely recognized scholar on the subject of state and local pension systems will be speaking at University of Kentucky’s Gatton College of Business and Economics on Wednesday, Oct. 18. Joshua D. Rauh’s research on pension systems in the United States has received national media coverage in outlets such...

Owensboro wholesale foodservice distributor CRS OneSource presented governor’s safety award

Labor Cabinet Deputy Secretary Mike Nemes has presented CRS OneSource in Owensboro with a Governor’s Safety and Health Award for the over 500,000 production hours worked without a lost-time incident by employees. “I want to congratulate CRS OneSource in Owensboro on earning its first Governor’s Safety and Health Award,” said Labor Secretary Derrick Ramsey. “Working over 500,000 hours...

Research finds nation’s opioid epidemic could be large enough to have an impact on labor force

Estimates of drug usage rates suggest the opioid epidemic could be large enough to have an impact on the labor force, say researchers from the Federal Reserve Bank of Cleveland. Drug overdoses now account for more deaths in the United States than traffic deaths or suicides, and most of the increase in overdose deaths since 2010 can be attributed to opioids–a class of drugs that includes both...

Froedge Machine and Supply to establish new industrial repair operation in Barren County

Froedge Machine and Supply Co. Inc., which provides repair services to local industries, will invest $690,000 and create 12 full-time jobs to locate a new operation in Barren County, Gov. Matt Bevin announced today. “Froedge Machine and Supply is a great example of Kentucky’s manufacturers who are a driving force behind our state’s growing economic success,” said Bevin. “By growing their...

Keeneland catalogs 4,145 horses for 2017 November Breeding Stock Sale

Keeneland has cataloged 4,145 horses for its 2017 November Breeding Stock Sale, the world’s largest and most important sale of its kind, to be held Nov. 7-18. Headlining the November Sale catalog are graded stakes winners and graded stakes producers, led by champion Stellar Wind and Grade 1 stakes winners Lady Eli, Cathryn Sophia, Her Emmynency, Al’s Gal, Paola Queen and Street Fancy. November...

Keven Moore: Some survival lessons we can all take away from the tragic Las Vegas massacre

Last Monday morning, we all awoke to the news of the Las Vegas massacre where 59 people were shot and killed, and another 527 people were injured while attending a Jason Aldean country music concert across the street from the Mandalay Bay Resort and Casino. Every time there is a mass shooting, pundits on both sides of the gun control debate come out in force. The fact is people with guns couldn’t...

LG&E and KU, EKPC boost power grid resilience utilities by joining equipment sharing program

To help restore electric service to communities after catastrophic emergencies or significant natural events, 28 utilities – including Louisville Gas and Electric Company and Kentucky Utilities Company (LG&E and KU) and East Kentucky Power Cooperative (EKPC) – have now committed to participate in the RESTORE program, which establishes a proactive approach to providing critical equipment for...

Lexington Center Board of Directors elects new officers for coming year

The Lexington Center Board of Directors has elected officers at its monthly Board Meeting, as required annually by its bylaws, it was announced Tuesday by Lexington Center President and CEO, Bill Owen. Local Lexington businessman and entrepreneur Craig Turner has been named Chairman of the Board. Turner is currently of Chair of the Eastern Kentucky University Board of Regents and Founder/CEO of CRM...

Eight Lexington companies honored for sustainability efforts as part of 2017 Green Check program

Eight Lexington companies were honored last week for joining the Green Check program in 2017. Green Check is a certification program that recognizes businesses for their green initiatives and helps them expand their sustainability efforts. Those companies are: • Klausing Group, silver level Klausing Group is a local commercial landscaping company. Klausing has outfitted its headquarters with a rain...

Startup manufacturer of marching band products locating $1.1 million center in Barren County

My Visual Package, LLC (MVP), a startup manufacturer of custom printed uniforms, flags and accessories for marching bands, will invest more than $1.1 million and create 30 full-time jobs to locate in Barren County, Gov. Matt Bevin announced. “Startups like MVP play an instrumental role in Kentucky’s economic success, particularly when they enter markets as a single-stop provider for all their customers’...

Auto parts manufacturer Holley Performance Products to build $9.15 million facility in Franklin

Holley Performance Products Inc., a top name in automotive racing and performance parts manufacturing and marketing, will establish a $9.15 million facility in Franklin, creating 30 full-time jobs, Gov. Matt Bevin announced last week. “We are excited to see the economic impact of Holley Performance Products’ newest operation,” said Gov. Bevin. “Holley is a storied name in the American tradition...