A nonprofit publication of the Kentucky Center for Public Service Journalism

Stock Yards Bank to acquire Kentucky Bank of Paris, Ky., to offer big services, community-bank approach

Stock Yards Bank & Trust Company has entered into a definitive agreement to acquire Kentucky Bank, based in Paris. “Our customers – individuals and businesses – are growing and we are excited to grow with them,” said James A. (Ja) Hillebrand, Chairman and Chief Executive Officer of Stock Yards Bank & Trust. “The combination of the two companies will offer customers the best of both...

Real estate sales in Central Kentucky hit new record through pandemic; inventory lags demand

Real estate sales shattered previous records in 2020 despite an ongoing pandemic. Transactions topped last year’s totals by 8 percent, hitting 15,309 in 2020 compared to 14,153 in 2019. For the month, December saw a monthly record of 1,284 sales, outpacing the previous year by 22 percent when sales were 1,054. With the exception of the second quarter (April through June), each month in 2020 tallied...

Gasoline demand takes big jump, but less immediate impact seen at pump; Kentucky prices up 3 cents

Gasoline demand has jumped from 7.53 million barrels per day to 8.11 million barrels per day, according to the latest Energy Information Administration (EIA) measurement. A jump in demand that large typically causes a comparable rise at the pump, due to a corresponding decrease in supply. But surprisingly, the recent increase in demand had little impact on gasoline supply and only minimal impact on...

In wake of Supreme Court historical racing decision, Keeneland closes facilities until legislature acts

Staff Report The Kentucky Supreme Court’s unanimous decision not to reconsider its September ruling on historic horse racing machine has resulted in the “temporary” closing of Keeneland and Red Mile facilities. Keeneland issued the following statement: “We were disappointed the Kentucky Supreme Court denied our petition for rehearing. At this time, Keeneland and Red Mile have made...

Kentucky Lottery closes first have of fiscal year on record pace with more than $710 million in sales

The Kentucky Lottery reported Friday that sales for the first half of FY21 (July 2020 through December 2020) were higher than the first six months of any other fiscal year in the company’s history. Overall sales for the period were $710.3 million, which is $169.5 million (31.3%) more than the same period in the previous fiscal year. This was led by a 33.1% jump ($107.5 million) in sales of Scratch-off...

KY Supreme Court says no rehearing on historical horse racing: not pari-mutuel wagering and is illegal

By Tom Latek Kentucky Today The Kentucky Supreme Court has denied a motion for a rehearing on their decision issued last fall that stated historical horse racing is not pari-mutuel wagering and is therefore illegal under state law, ending a decade long legal battle. 
Last September, the justices issued an opinion written by Justice Laurance VanMeter. Five of the six other justices agreed with the...

Kentucky Distillers’ Association names Pauline Rooney as Chairwoman; will serve through December

The Kentucky Distillers’ Association has announced that Pauline Rooney of Diageo North America has been named Chairwoman of the 141-year-old nonprofit trade group that unites, promotes and protects the state’s signature Bourbon and distilled spirits industry. Rooney, who is Vice President of Distillation and Maturation for Diageo North America, will serve through December 2021. She was the second...

Kentucky Chamber’s ‘Achieving Equity to Build a Stronger Kentucky’ report calls for justice, equity

Kentucky has an opportunity to embrace significant changes to achieve racial equity, but progress will not occur until educational attainment is improved, fairness is ensured in the criminal justice system and economic empowerment is increased for people of color. That is the message of a new report from the Kentucky Chamber of Commerce Task Force on Racial Inequality, “Achieving Equity to Build...

Hitachi creating 200 jobs in Berea with new operation to manufacture motors for electric vehicles

As Kentucky rebuilds its economy and puts new emphasis on attracting well-paying jobs and industries of the future, Hitachi Automotive Electric Motor Systems America Inc. is establishing a new, 200-job operation in Berea to manufacture motors for electric vehicles. Leaders of the newly formed Hitachi subsidiary are renovating part of sister-company Hitachi Automotive Systems Americas’ plant at...

Paulick Report publishes three Eclipse Award-winning works for 2020; Voss sweeps writing division

The Paulick Report, a leading independent horse racing publication based in Lexington, was home to three Eclipse Award-winning contributions in the 50th year of the award series. The National Thoroughbred Racing Association announced both awards in the writing category were won by Paulick Report editor-in-chief Natalie Voss, making her the first writer since Bill Nack in 1991 to win both in the same...

Kentucky housing market starts year on strong note; buyers grapple with affordability

Fifty-three percent of Kentucky Realtors anticipate higher sales volume over the next 12 months, according to the December 2020 edition of the HousingIQ Survey of Kentucky Realtors. Sixty percent of the 242 Realtors from across Kentucky, anticipate an increase in short sales over the next 12 months. “This is a market that is being buoyed by low interest rates and sustained by lack...

KDA welcomes industry veteran Sara Barnes as Director of Industry Responsibility and Sustainability

The Kentucky Distillers’ Association on Tuesday announced that industry veteran Sara Barnes has joined the nonprofit trade group as Director of Industry Responsibility and Sustainability. Barnes comes to the KDA from the Bourbon Women Association where she spent two years as Managing Director. She previously served for four years at Boone County Distilling Co. as Marketing and Events Coordinator...

Market for quality thoroughbreds remains steady as Keeneland January Sale comes to a close Thursday

Keeneland’s January Horses of All Ages Sale came to a close Thursday with gross sales of more than $45 million, boosted by a number of prominent dispersals: 21 in-foal broodmares from Canada’s acclaimed Sam-Son Farm; 39 mares, yearlings and horses of racing age from Lane’s End, agent for the Complete Dispersal of the Estate of Paul Pompa Jr.; and 41 mares, yearlings and horses of racing age from...

Keven Moore: Can employers force workers to receive COVID-19 vaccine without assuming risks?

At unprecedented speed, the COVID-19 vaccine was developed to help us fight and stop the current pandemic that grips the world. I have friends, co-workers, family and colleagues on both sides of the spectrum if they trust it, and if they plan to receive the vaccine. I am not here to debate that argument, but for the record, I intend to research the vaccine further, but I do plan to receive the vaccine...

AAA: National gas price average rising to pre-pandemic levels despite plummeting demand

At $2.31, the national gas price average is at its highest in 10 months. Pump prices have increased, despite gas demand falling from 8.1 million barrels a day to 7.4 million barrels a day ― the lowest level recorded since the end of May 2020, according to the Energy Information Administration’s (EIA) latest weekly report. Today’s national average is 6 cents more than last week, 16 cents more...

Yearling colt by Munnings brings $475,000 to top first session of Keeneland’s four-day January sale

A newly turned yearling colt by Munnings sold to Larry Best’s OXO Equine for $475,000 to record the highest price of Monday’s Book 1 opening session of the four-day Keeneland January Horses of All Ages Sale. Hunter Valley Farm, agent, consigned the colt, who is out of stakes winner Sea Shadow, by Jump Start. For the session, Keeneland sold ­­­­­­­207 horses for $12,155,400, for an average...

Beth Davisson named vice president of workforce development for Kentucky Chamber of Commerce

Kentucky Chamber of Commerce President and CEO Ashli Watts announced last week Beth Davisson has been promoted to the position of Vice President of Workforce Development. Beth Davisson Davisson joined the staff of the Kentucky Chamber in January 2017 as Executive Director of the Kentucky Chamber Workforce Center. Davisson led the launch of the Workforce Center and has been overseeing the program since...

Kentucky State Treasurer announces return of more than $16 million in unclaimed property in 2020

Treasurer Allison Ball has announced $16,290,800.08 in unclaimed property returned to Kentuckians in 2020. The Treasurer’s Office completed more individual property claim returns than the previous year, despite the pandemic and the implementation of reduced in-person staff and telework practices. “I am proud of my team for their hard work and commitment to serve the Commonwealth through returning...

Unemployment rates rise in 104 Kentucky counties during past year; Magoffin jobless rate 13.9 percent

Unemployment rates rose in 104 Kentucky counties between November 2019 and November 2020, according to the Kentucky Center for Statistics (KYSTATS), an agency of the Kentucky Education and Workforce Development Cabinet. Todd County recorded the lowest jobless rate in the Commonwealth at 3.4 percent. It was followed by Oldham County, 3.5 percent; Henry and Logan counties, 3.6 percent each; Carlisle,...

Metalsa to add 300 jobs at Elizabethtown factory; positions full-time, permanent openings

Metalsa, the Mexico-based manufacturer committed to creating sustainable, socially responsible vehicle structures will add 300 jobs at its Elizabethtown factory effective immediately. The new jobs are needed to meet the increased demand for the company’s signature product, which is vehicle frames for light- and heavy-weight trucks. All positions are full-time, permanent openings for entry-level production...