A nonprofit publication of the Kentucky Center for Public Service Journalism

DV8 Kitchen SoulFull Enterprise Event will teach other Ky. businesses how to help those in recovery

By Nadia Ramlagan Public News Service DV8 Kitchen, a restaurant and bakery focused on hiring and training people in recovery from drug and alcohol addiction, is now teaching other Kentucky businesses how to do the same. The two-day SoulFull Enterprise Event begins Tuesday in Lexington. Owner Rob Perez says he hopes to lessen the stigma for other business leaders about the idea of hiring “second-chance”...

Lexington business leaders appointed to Federal Reserve Bank of Cleveland’s Cincinnati branch board

The Federal Reserve Bank of Cleveland has announced the following appointments and elections to its main office board of directors and its branch boards in Cincinnati and Pittsburgh and to the Federal Advisory Council effective Jan. 1, 2019. Tucker Ballinger Holly Wiedemann A pair of Lexington business leaders, Holly Wiedemann and Tucker Ballinger, were among those who received appointments. Wiedemann,...

Lexington’s unemployment rate falls to lowest level in a decade, punctuating post-recession recovery

The unemployment rate in the Lexington area fell to its lowest rate in the last decade in January giving it the second lowest rate in Kentucky. The sharp decline from 4.2 percent in August 2017 to 3 percent in January 2018 was the fastest such decline since 2014 and places Lexington behind only the Evansville, IN-KY metro area in terms of the rate of unemployment. “In general, the metro area has...

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,...

Research finds nation’s opioid epidemic could be large enough to have an impact on labor force

Estimates of drug usage rates suggest the opioid epidemic could be large enough to have an impact on the labor force, say researchers from the Federal Reserve Bank of Cleveland. Drug overdoses now account for more deaths in the United States than traffic deaths or suicides, and most of the increase in overdose deaths since 2010 can be attributed to opioids–a class of drugs that includes both...

Federal Reserve Bank publishes multimedia account of official visit to Eastern Kentucky in early 2017

Federal Reserve officials, including Fed Governor Lael Brainard, traveled more than 100 miles in two days during a tour of eastern Kentucky earlier this year, and the Federal Reserve Bank of Cleveland has published a multimedia account of the places they visited, the people they met, and the lessons they gathered. Among those visited were a charitable foundation, homegrown entrepreneurs and artists,...

Community health workers play important role in reducing health disparities in Eastern Kentucky

Community health workers play an important role in reducing health disparities in eastern Kentucky, say Cleveland Fed analysts. For some time, eastern Kentucky residents have suffered from lower life expectancies and higher rates of disability and a population whose average age is increasing faster than the nation’s overall as young people leave the region. In the Federal Reserve Bank of Cleveland’s...

Payroll employment growth slows in Kentucky, but economist remains upbeat about outlook

While annualized payroll employment growth in Kentucky has slowed since the beginning of 2016, largely as a result of softness in the manufacturing and energy sectors, many regions in Kentucky continue to enjoy strong job growth, according to Gary A. Wagner, vice president and senior regional officer of the Cincinnati Branch of the Federal Reserve Bank of Cleveland. “In the most recent three-month...

Zepeda, Rider, Hammons to be recognized for service during Kentucky Summit on Philanthropy

Susan Zepeda of Louisville, Al Rider of Elizabethtown and Mike Hammons of Northern Kentucky will be recognized for extraordinary service at the eighth annual Kentucky Summit on Philanthropy next week in Lexington. They will be presented with the prestigious Commonwealth Award during the Summit’s luncheon program on Sept. 1. The Summit convenes at the Griffin Gate Marriott on Aug. 31 and Sept....

Statewide Summit on Philanthropy to feature keynoter Cleveland Fed president Loretta Mester

Loretta Mester, president and CEO of the Federal Reserve Bank of Cleveland, will be keynote speaker for the eighth annual Kentucky Summit on Philanthropy, set for Aug. 30-Sept. 1 at the Marriott Griffin Gate in Lexington. The theme of this year’s conference is “Economic Transition: Leading Through Philanthropy.” To register, click here. Options are available to attend just the luncheon...

Eastern Kentucky challenged with demographic issues in search for new jobs, study says

“Eastern Kentucky is shedding population through a combination of out-migration and deaths that are outpacing births, circumstances that have accelerated as the coal industry has declined,” says Federal Reserve Bank of Cleveland policy analyst Matt Klesta. And those who are entering the region are often poorly educated, low-wage earners, and/or not in the labor force, according to Klesta’s analysis...

Kentucky Summit on Philanthropy explores funding partnerships, connecting for charity

  The Kentucky Philanthropy Initiative will convene the fifth annual Kentucky Summit on Philanthropy at the Hyatt Regency in downtown Lexington on Sept. 11-12. This year’s Summit, entitled Making Connections, is presented in partnership with the Federal Reserve Banks of Cleveland and St. Louis.   The two-day event will include workshops and sessions designed to introduce and explore...