WMKY

economy

Tulsa World

Gov. Matt Bevin today announced that more than $15 million in excess coal severance tax revenue will be allocated to 49 counties and 122 municipalities that qualify to receive funds from the Local Government Economic Assistance Fund (LGEAF) coal severance program.

Kentucky Wired Project

Gov. Matt Bevin and Congressman Hal Rogers today announced a major milestone achievement for the Commonwealth’s high-speed fiber optic network – KentuckyWired.

The first portion of the network, known as Ring 1A, is now complete and includes Louisville, Lexington and Cincinnati/Northern Kentucky. Additionally, a key backbone segment from Lexington to Somerset has also been completed, allowing for expansion of the network into Eastern Kentucky as the project moves into the next phase.

The Business Journals

Gov. Matt Bevin has signed an Open Investment Proclamation recognizing the significance of foreign direct investment (FDI) to Kentucky’s economy.  Approximately 7.4 percent of the state’s total employment is a result of FDI, and FDI is responsible for employing over 117,000 workers in the Commonwealth.

Grayson RECC

Grayson RECC employees helped provide more than $13,000 in donations of money and supplies for the Ronald McDonald House Charities in Lexington and Louisville.

Donations totaling $13,282 came from employees of Grayson RECC and other Kentucky’s Touchstone Energy Cooperatives to support Ronald McDonald Houses in Lexington and Louisville, which provide lodging and resources to families while a child is in a nearby hospital.

Motion City

Kentucky Secretary of State Alison Lundergan Grimes is visiting Taiwan next week on an international trade mission to Asia with a delegation from the United States.

Grimes is one of four secretaries of state selected to participate in a trip the Taipei Economic and Cultural Representative Office (TECRO) is coordinating and funding. Grimes made a similar visit in 2013, making the trip her second in office.

Kentucky.org

  The Kentucky Main Street Program (KYMS) announced this week that 39 participating communities reported cumulative investment of $109,741,515 in their commercial downtown districts in 2016, a number that includes $75,070,029 of private investment matched by $30,920,494 in public improvements. This total was up significantly from the $76 million of cumulative investment reported by 44 communities in 2015.

Improper Politics

In a statement released today, Kentucky Treasurer Allison Ball has announced her support for Governor Bevin’s budget proposal.

"As the State Treasurer, my office knows more than most about the importance of fiscal responsibility,” Treasurer Ball said. “I believe the Governor’s proposal is fair and it addresses the very real budgetary issues the Commonwealth is facing.”

Earlier this week, Treasurer Ball appeared in front of the House Budget Review Subcommittee on General Government, Finance and Public Protection and discussed the Treasury’s budget.

Morehead State University

The MSUCorps AmeriCorps Program and their partners are gearing up for their sixth annual Morehead Build-A-Bed Project to provide beds to children who are living in homes with not enough beds or none at all.

The goal is to give beds to children PK-12th grade who are forced to sleep on floors, couches, or in beds with multiple other children or family members. This regional Build-A-Bed Project has provided more than 500 beds to children in Eastern Kentucky since it began in 2010. This year the committee set a goal to build 160 beds.

CBS News

Gov. Bevin has activated the state's prohibitions on price gouging to protect consumers during the winter storm that has affected most of the Commonwealth. The price gouging emergency order is effective as of 7 AM EST, Saturday, January 23, 2016.

Morehead State University

Morehead State University accepted a donation of $2,000 from State Farm Insurance and local agent Stephen W. Barker of Morehead for the Build-A-Bed project.

“This donation will make a drastic impact on our ability to provide even more beds to children in eastern Kentucky that do not have a bed of their own. As the project grows every year we receive more applications from children in our service region. We appreciate State Farm for enabling us to continue this worthy project,” said Mary Claire Williams, program director for MSUCorps/AmeriCorps.

Gov. Bevin Claims Medicaid is Imploding Financially in Kentucky

Jan 2, 2016
Kaplan and Grant

Saying cost is the "primary" concern, Gov. Matt Bevin says his administration will seek federal waivers to change how Medicaid is delivered in Kentucky.

The new governor has been critical of Medicaid expansion, which has provided coverage to more than 400,000 uninsured Kentuckians as part of health-care reform. Bevin claims the current system, in which nearly 30 percent of the state's population is now on Medicaid, is "imploding financially."

Louisville Raises Minimum Wage

Dec 30, 2014
MSNBC

Louisville has become the first city in Kentucky to raise the minimum wage.

The city’s Metro Council has voted to increase the minimum wage to nine-dollars an hour over the next three years. Then, it will increase with the rate of inflation.      

Councilman David James voted for the hike. He doesn’t buy the claims of opponents that it will drive business out of the city. He says the current rate is inconsistent with Louisville’s new initiative to promote more college graduates.

Start Up Nation

Secretary of State Alison Lundergan Grimes is encouraging entrepreneurs and persons interested in starting a business in Kentucky to participate in National Write a Business Plan Month this December.

"This is a great time to develop a plan for a new Kentucky business or update older plans," said Grimes. "Businesses with clear plans and goals are more likely to succeed, so I encourage people to use the business planning tools my office provides online.”

Financial Incentives Proposed For Alternative Fuel Vehicles

Jun 5, 2014
Fox Business

More vehicles traveling on Ohio's roadways could be burning cheaper and cleaner fuels, depending on the outcome of legislation in Columbus.

House Bill 336 would create several financial incentives for state agencies, public-transportation systems, private businesses and consumers to convert vehicles to run on natural gas or propane.

Sam Spofforth, executive director of Clean Fuels Ohio, said the up-front cost is a barrier for many who want to make these conversions.

Unity March Honors Dr. Martin Luther King

Jan 20, 2014
Ball State Daily

Thousands gathered in downtown Lexington Monday morning (Jan. 20) for an annual tribute to civil rights legend Martin Luther King, Jr. 

While the march through downtown Lexington is a mainstay, several participants say there's much more to be done if our society is to live up to Dr. King's dream of racial and economic equality. 

Kennedy Nelson believes more people should experience an event like the annual unity breakfast.