A nonprofit publication of the Kentucky Center for Public Service Journalism

New report shows private equity creating jobs and driving economic growth across Kentucky

New research from EY and the American Investment Council reveals that across Kentucky, the private equity industry employs more than 102,000 workers—who, on average, earn $69,000 a year in wages and benefits. Beyond these direct jobs, the industry supports more than 327,000 jobs and generates $700 million in state and local taxes, a tremendous benefit to communities in every corner of the Commonwealth. “This...

Eastern Kentucky University banking students place second nationally in Bank Case Study Competition

A team of Eastern Kentucky University students has placed second in the nation in the Bank Case Study Competition, the Conference of State Bank Supervisors has announced. Fifty-eight undergraduate student teams from 44 colleges and universities partnered with community banks to conduct original case studies on how the economic growth, regulatory relief and the Consumer Protection Act helped community...

Alltech’s Deirdre Lyons named Business Person of the Year by Southeast Ky. Chamber of Commerce

The Southeast Kentucky Chamber of Commerce gave its 2018 Business Person of the Year award to Deirdre Lyons, the co-founder of Alltech, during its annual awards night on Aug. 9 at the East Kentucky Expo Center. The award is given to an individual who has demonstrated support for the advancement and development of business in Eastern Kentucky. Mrs. Lyons and the late Dr. Pearse Lyons initiated the development...

Matt Bevin: Kentucky’s low unemployment numbers, economic growth are reasons for optimism

“We are Kentucky!” This is more than just a simple catchphrase. From our cities to our rural communities, the Commonwealth’s greatest assets are our people. When given the opportunity, the ability of Kentuckians to accelerate our state’s economic engine is greater than any government program. A good job empowers our fellow citizens to provide for their families and contribute to their communities....

Jerry Rickett: Kentucky Highlands Promise Zone shows bright spots emerging in Eastern Ky. economy

There is no better Kentucky product than our people – hard-working, resilient problem-solvers. That’s why our people must be the solution to transforming Eastern Kentucky’s economy. And that’s why people are the foundation of the Kentucky Highlands Promise Zone, which is celebrating its fourth year in Bell, Harlan, Letcher, Perry, Leslie, Clay, Knox and part of Whitley counties. Despite a continuing...

Churchill, Keenland form ‘historic partnership’ to build two new racing facilities in Corbin, Oak Grove

Churchill Downs Incorporated (NASDAQ: CHDN) (“CDI”) and Keeneland Association, Inc. (“Keeneland”) announced today an historic partnership to propose the construction of two new state-of-the-art racing facilities. One will be in southeastern Kentucky in Corbin (Knox County), and the second will be in southwestern Kentucky in Oak Grove (Christian County). The proposed facilities will feature...