A nonprofit publication of the Kentucky Center for Public Service Journalism

New study shows Campbellsville University’s total economic impact nearly $200 million

Campbellsville University has a total economic impact from its operations on the main campus and in its Louisville, Harrodsburg and Somerset regional centers of almost $200 million for the fiscal year ending June 30, according to a new study recently completed by Younger Associates of Jackson, Tenn. The $199,868,340 is a measure of the total dollar value that flows through the operations of Campbellsville...

Keeneland to host fifth graders for educational experience about region’s Thoroughbred industry

Keeneland will welcome approximately 2,900 fifth-grade students from 33 area public and private schools each day this week for a two-hour interactive tour designed to expand their knowledge of Keeneland and the Thoroughbred industry in Central Kentucky. More than 23,000 fifth-grade students have participated in the program, now in its ninth year. “These tours are fun experiences for students that...

Paducah AQS Spring QuiltWeek Show generates record-breaking $25.5 million in economic impact

The American Quilter’s Society (AQS), the largest quilting membership organization in the world, revealed that the 2019 Spring QuiltWeek Show in Paducah generated an economic impact of $25.5 million, a number five times greater than the Kentucky State Fair. An economic powerhouse for Paducah and the surrounding region, QuiltWeek 2019 drew crowds of 31,000 quilting enthusiasts from 47 states and 11...

New study shows Kentucky’s Bourbon industry has doubled economic impact in ten years

Kentucky Distillers’ Association Ten years ago, leaders of Kentucky’s signature Bourbon and distilled spirits industry poured whiskey on the Capitol steps to protest the latest tax hike on spirits. Today, they poured Bourbon inside the Capitol to toast the industry’s epic turnaround as the industry reported on its progress. Bourbon barons joined elected officials and key business executives...

Battlefield tourism becoming bigger part of state’s economy; visitors spent more than $10m last year

By Mark Maynard Kentucky Today Battlefield tourism has become an important part of Kentucky’s economy. The Kentucky Civil War Sites Association says visitors to battlefields and related attractions spent more than $10 million last year in the state. 
The group says in a newly released report to lawmakers that people came from across the country and several foreign counties last year to visit Kentucky’s...

LBAR records $269.2 million in real estate sales in July; sales down four percent from 2017

Real estate sales by members of the Lexington-Bluegrass Association of Realtors positively impacted the Bluegrass economy as of July 31 with 1,294 reported sales totaling $269,237,011. July sales activity decreased four percent with 1,353 sales reported closed in July 2017 compared to 1,294 sales reported closed in July 2018. Of the 1,294 sales, 301 sales were to first-time homebuyers and 172 sales...

Ky’s Tourism Industry grows to more than $15 billion in 2017; each of state’s nine regions show gains

The economic impact of Kentucky’s tourism industry has grown to more than $15 billion in 2017, Department of Tourism Commissioner Kristen Branscum announced today. All nine of the state’s tourism regions registered gains again in 2017. “The tourism industry is a driving force for Kentucky’s economy and the 2017 economic impact numbers reinforce this,” Commissioner Kristen Branscum said....

Study shows Campbellsville University’s economic impact on community totals over $106 million

Campbellsville University has a total economic impact from its operations of more than $106 million in Taylor County, according to a new study recently completed by Younger Associates of Jackson, Tenn. The $106 million is a measure of the total dollar value that flows through the Campbellsville-Taylor County economy because of the operations of Campbellsville University. The exact amount is $106,482,540. The...

Study shows Kentucky’s nonprofit private colleges contribute $700 million to economy annually

Kentucky’s private nonprofit colleges and universities add $700 million to the Kentucky economy each year and are responsible for creating nearly 10,600 Kentucky jobs, according to a new study commissioned by the Association of Independent Kentucky Colleges and Universities (AIKCU). The report underscores the public benefits that a healthy private college sector provides to the commonwealth,...

Forest fires in southern and eastern region of the state will impact the economy for a long time

By Carol Lea Spence UK College of Agriculture, Food, Environment The forestry sector plays a major role in Kentucky’s economy. The state has recently been hit hard by forest fires in the eastern and southern regions, and the damage will be felt statewide. In many Eastern Kentucky counties, forests account for more than 80 percent of the land base. In 2015, revenues from timber harvests, primary...

Kentucky Tourism industry sees strongest overall economic impact growth since 2005

Cabinet of Tourism, Arts and Heritage Secretary Don Parkinson said Wednesday that Kentucky’s tourism industry has experienced the strongest overall economic impact growth rate the state has seen since 2005. Kentucky’s tourism industry generated $13.7 billion in economic impact during 2015, an increase of five percent over the previous year. The industry supported more than 186,000 jobs, including...