A nonprofit publication of the Kentucky Center for Public Service Journalism

Community Ventures announces Revolving Loan Fund to provide relief to region’s small businesses

Kentucky community development nonprofit Community Ventures has announced the establishment of a Revolving Loan Fund (RLF) to provide affordable, fixed-rate financing to small businesses in the Bluegrass region. The program is part of a $3 Million CARES Act Recovery Assistance grant awarded by the U.S. Commerce Department’ Economic Development Administration to support the ongoing economic recovery...

Commentary: Kentucky’s economy cannot afford to wait another year for investment in infrastructure

The following is a letter sent to the General Assembly from a coalition of Kentucky’s businesses, chambers of commerce, and associations urging passage of House Bill 561, increasing investment in Kentucky’s infrastructure. Time is running out, and we cannot afford to let another session come and go without increasing investment in our infrastructure to pave the way for Kentucky’s economic...

As effects of pandemic continue to stall economy, region’s economists weigh in on Biden recovery plan

President Joe Biden presents his economic recovery platform. (Photo by Adam Schultz, via Ohio Valley ReSource) By Alana Watson Ohio Valley Resource The COVID-19 pandemic is continuing to cripple the economy in the Ohio Valley and President Joe Biden and Congressional Democrats are pursuing his plan for economic recovery. Biden’s economic priorities include raising the minimum wage to $15 an hour,...

Beshear to lead bipartisan task force to guide states in economic recovery, revitalization efforts

The National Governors Association (NGA) has announced that Gov. Andy Beshear will lead a bipartisan task force to guide states in their economic recovery and revitalization efforts amid the ongoing COVID-19 pandemic. Gov. Andy Beshear “I am deeply honored and humbled to be asked by the NGA to work on this crucially important issue,” Beshear said. “This global health crisis has upended economies...

Kentucky Department of Tourism launches ‘Stay Close. Go Far.’ campaign to promote in-state travel

The Kentucky Department of Tourism (KDT) has launched its “Stay Close. Go Far.” campaign. The marketing initiative is aimed at supporting local tourism partners, communities and businesses by producing inspiring content that reminds Kentuckians they do not have to travel far to experience all the beauty, history and adventures the state has to offer. “As we continue to remain diligent...

Ashli Watts: Road to recovery depends on legal liability, unemployment fund, education/childcare

As we continue to fight the COVID-19 pandemic, the road to Kentucky’s economic recovery will no doubt be longer than we would prefer, but the length of the journey will ultimately be decided by how we address three key issues: unemployment insurance, legal liability and the education and care for our children. Kentucky’s Unemployment Insurance Trust Fund now has a balance of $0. Mandated business...

KCTCS president supports Trump’s call to invest in America’s workers, expedite economic recovery

The president of the Kentucky Community and Technical College System is supporting President Donald Trump’s call to action by the American Workforce Policy Advisory Board to invest in American workers and expedite the country’s economic recovery. Dr. Jay Box, president of the 16-college system, was in Washington, D.C., on Friday to attend a meeting of the American Workforce Policy Advisory Board...

Kim Buckler Hydes: Tourism is an investment in economic recovery, both nationally and in Kentucky

Tourism was hit first and hit hardest by the economic impact of the coronavirus. Travel industry losses will exceed any other sector. Nationally, they are expected to be nine times the losses after 9/11, with a total economic damage of more than $1.2 trillion. That also translates into more than $50 billion in reduced tax revenue. In Kentucky, 75 percent of workers in our industry were laid off or...