A publication of the Kentucky Center for Public Service Journalism

Home sales decline, but prices remain strong in Kentucky; lack of available inventory impacts market

Home sales in Kentucky did not follow the national trend in March, as transactions in the state were down 6.8 percent for the month compared to March 2017 (4,576 in 2017 versus 4,262 in 2018). Nationally, sales rose 1.1 percent. Even with the drop of 314 total sales, March 2018 was still the second highest on record, just edging out March 2006 when 4,106 homes were sold. Total homes sold for the month...

Startup Week unites internationally-known venture capitalists, Kentucky’s brightest innovators

Startup Week is drawing internationally acclaimed business pitch competitions by Endeavor and Rise of the Rest to Kentucky through Friday, along with announcements, partnerships and initiatives to fast-track the state’s business innovation environment. “In Kentucky, we are helping people to take ideas and turn them into companies that transform our economy,” Gov. MattBevin said. “During Startup...

UK, local schools and agribusinesses team up to combat ‘brain drain’ in rural economies in Kentucky

By Carol Lea Spence UK College of Agriculture, Food and Environment Brain drain, the term for a community’s loss of intelligent, highly trained people, is a serious problem for local economies in Kentucky. Often, many from the younger generation leave home for an education and never return, because of a lack of opportunity. Faculty and staff in the University of Kentucky College of Agriculture, Food...

Halton Co. announces plans for $66 million facility in Scottsville, the company’s second in Allen County

Halton Co., a manufacturer of commercial kitchen ventilation and air distribution systems, has announced plans to build a $6.66 million second facility in Scottsville. The new 55,000-square-foot facility will house the company’s Halton Air Moving division, which supplies the North American market. The operation will include manufacturing space and a state-of-the-art R&D lab. The new location...

Keven Moore: National Safety Stand-Down to prevent falls in construction set for May 7-11

It took a while this year for spring to arrive, but now the grass has started to grow, flowers and trees are starting to bloom and the construction industry is back in swing. With the warmer weather, many new construction projects have begun and workers all across the United States have grabbed their tools, hard-hats and lunch pale and are back on the job. The construction industry in the United States...

Marshall County’s Bluegrass VR wins second Lieutenant Governor’s Entrepreneurship Challenge

Bluegrass VR from Marshall County High School won the top prize at the Lieutenant Governor’s Entrepreneurship Challenge (LGEC) 2nd annual competition finals, hosted April 28at the University of Kentucky’s Gatton School of Business. Advised by Lisa Devillez, Bluegrass VR team members Claire Harmon and Daniel Sills each won $25,000 in scholarship funds to be used at any in state post-secondary...

Hardin Memorial Health, Baptist Health agree to $361 million asset purchase agreement

Hardin Memorial Hospital (HMH) and Baptist Health have announced they are entering into a $361.4 million asset purchase agreement through which Baptist Health would acquire HMH, subject to a vote of the HMH Board of Trustees and appropriate regulatory approvals. The HMH Board will vote on the asset purchase agreement at its May 22 Fiscal Court meeting. The Baptist Health Board of Directors approved...

Electrical and software engineering company Alliant Technologies announces new Glasgow facility

Alliant Technologies LLC, an electrical and software engineering company, will invest nearly $1.19 million in Glasgow to establish a 30-job electrical panel fabrication facility. “We are growing at an aggressive rate, opening offices in Texas and California,” said Lee Seward, president of Alliant. “We are proud of our roots in Kentucky, where we are headquartered and excited to locate...

Cynthiana’s E-Z Pack Refuse Hauling Solutions plans $6.8 million expansion, to create 100 new jobs

E-Z Pack Refuse Hauling Solutions LLC, a manufacturer of commercial truck bodies, will invest more than $6.85 million and create 100 jobs with an expansion at its Harrison County facility. E-Z Pack’s parent company, Commercial Specialty Truck Holdings LLC (CSTH), is negotiating to purchase the 350,000-square-foot facility where it has operated the past dozen years, as the company currently leases...

Women’s professional organizations to discuss new revenue streams, resources for businesses May 9

The Louisville Professional Chapter of the National Association of Women MBAs (NAWMBA) and The Network of Entrepreneurial Women (NEW) will host Sherry Mulkins, Vice President for Client Outreach and Development at the World Trade Center Kentucky, and Dr. Sharon Kerrick, entrepreneur and Dean of Bellarmine University’s Rubel School of Business, as guest speakers on Wednesday, May 9th at 6:00p.m. This...

Franklin’s Vermont Thread Gage creates new program to bring machine operator jobs to Ky.

Officials from Vermont Thread Gage (VTG) in Franklin, the Institute for American Apprenticeships (IAA), and the Kentucky Labor Cabinet today announced a new Registered Apprenticeship program that will bring Machine Operator jobs to Kentucky over the next several months. Through an extensive recruitment process, up to twelve individuals will be selected for an eight-week education program at Vermont...

Keven Moore: Politicians finally get something right in Washington — as it relates to safety

The Tax Cuts and Jobs Act was signed into law on Dec. 22, 2017, making it the nation’s most comprehensive reform of the U.S. tax code in more than 30 years. But did you know that the tax reform bill also included a huge tax savings incentive to business and property owners that will undoubtedly save the lives of countless American workers and families? Yes, that’s correct, just like anything...

Walmart wants to give entrepreneurs a big break; apply now to make your case during ‘Open Call’

Often times, the best ideas are right in our own backyard. So, why not you? Attention entrepreneurs, Walmart is looking to serve up the big break you’ve been looking for during Walmart’s Open Call  scheduled for June 13, in Bentonville, Arkansas. You can apply now for a chance to secure a seat at a table with one of the company’s buyers by visiting the website; the deadline is May 4. “Walmart’s...

Lexington Jobs Fund awards EZgig $30,000 grant to begin business April 30

EZgig, a new start-up company in Lexington, will officially begin business April 30. The Lexington Jobs Fund, a business incentive program designed to support business expansion in Lexington-Fayette County, awarded EZgig a $30,000 grant to help with start-up and enhance the economy. EZgig is a temporary staffing agency that uses a mobile app to connect hourly workers with employers. The EZgig technology...

Kentucky American Water treatment plants awarded for meeting Area-Wide Optimization Program goals

Two of Kentucky American Water’s water treatment plants recently earned special recognition from the Kentucky Energy and Environment Cabinet for their performance. The company’s Richmond Road Station in Lexington earned an award for meeting in 2017 the Area-Wide Optimization Program’s performance goals, which are voluntary and more stringent than what is required by regulations, 100% of the time....

Toyota out of starting gate with all-new, diverse 2019 Avalon at the Georgetown production plant

With the Kentucky Derby just two weeks away, Toyota unveiled the newest addition to a strong stable of vehicles at its plant in the Bluegrass State: the all-new 2019 Avalon. And, a quick jump out of the starting gate is expected. Built on its Toyota New Global Architecture (TNGA) manufacturing platform, this fifth generation of the Avalon has proven to be the “future of Toyota manufacturing,” said...

Takigawa breaks ground on $42 million facility in Nelson County, the company’s first in U.S.

Takigawa Corp. America has broken ground on a new $46 million flexible packaging and high-performance films plant in Nelson County. The company’s first the U.S., the facility is expected to create 180 jobs. “Breaking ground on our first US facility is a significant step forward for Takigawa Corp. and one we are proud to take alongside the people of Kentucky and Bardstown,” said Hiroyuki Takigawa,...

Cleveland Federal Reserve offers free workbook ‘guide to money’ during Financial Literacy Month

Cleveland Fed has updated its Great Minds Think: A New Guide to Money during Financial Literacy Month. The free workbook is available in English and Spanish and aligned to state and national education standards. The Federal Reserve Bank of Cleveland’s Learning Center and Money Museum unveiled the latest edition of its popular, free workbook Great Minds Think: A New Guide to Money. Inside are lessons,...

Churchill Downs names former Fair Ground executive Tim Bryant to head new Derby City Gaming facility

Churchill Downs announced today the hiring of Tim Bryant as president and general manager of Derby City Gaming, the $60 million state-of-the-art historical racing machine (“HRM”) facility opening in Louisville this fall. Located at 4520 Poplar Level Road, Derby City Gaming will be a first-of-its-kind entertainment destination for locals and visitors alike. Bryant will assume his new role May 14,...

Keven Moore: New generation of smoke detectors is game-changing technology that will save lives

The smoke signal is one of the oldest forms of long-distance communication. In today’s world, however, detecting a “smoke signal” is synonymous with warning occupants within a home of potential fire hazard and saving lives. According to a somewhat-dated National Fire Protection Association report, smoke alarms cut the risk of dying in a fire in half. Statistics indicate that three-quarters of...