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FAST LANE - May
2006
BOWLING GREEN
Halton Selects Bowling Green for U.S. Headquarters
THE Halton Group, an international group of
companies that specializes in the development,
manufacture and marketing of indoor
climate products, has selected Bowling Green to
be the site of its North American headquarters.
Halton has operated in south-central Kentucky
since 1989. Its plant in Scottsville, which employs
77 people, produces commercial ventilation hoods
for restaurants.
The company’s new U.S. headquarters will
operate with five positions, with an average annual
salary of $180,000. The company expects to add
up to 15 more jobs within three years.
Halton’s headquarter operations, along with its
research and development department and two
demonstration labs, will be located at the Western
Kentucky University Center for Research and
Development. Company officials hope to be operating
out of the space by this summer.
Halton began its business in Finland in 1969
and now operates in 13 countries around the world
with annual sales of $109.5 million and 800
employees.
“Halton is the kind of new economy company
we intended to attract to the center when it was
initially conceived with House Speaker Jody
Richards several years ago,” said Dr. Gary Ransdell,
president of Western Kentucky University.
“This is an excellent example of how WKU can
partner with local, state and federal governments
and the private sector to have a positive impact
on the quality of life in our region. The impact
will extend beyond the jobs Halton will bring
with its headquarters to the interaction that will
take place between the company and WKU’s faculty
and students.”
NICHOLASVILLE
Alltech to Build New $11 Million R&D Facility
ALLTECH has announced plans to build a new
$11 million facility dedicated to animal
nutrigenomics and
applied animal nutrition on its
corporate campus in
Nicholasville.
The facility, which is being
funded in part through a $1
million grant from the state,
will be the first facility of its
kind in the world, according to
information released by Alltech.
“The field of nutrigenomics,
or the effect of diet on health, is
one of the most exciting in science
today,” said Dr. Karl Dawson,
Alltech’s director for
worldwide research. “Feeding
the gene is the way forward. It
will keep American agriculture and livestock production
at the forefront.”
“Alltech, though present in 85 countries around
the world, is a Kentucky company,” said Dr. Pearse
Lyons, founder and president of
Alltech. “We were founded in
Kentucky, our corporate headquarters
are in Kentucky, and
with this grant, some of our most
exciting research will take place
in Kentucky. With nutrigenomics,
we have already been
able to put in place six provisional
patents which should be
converted into complete patents
within the next two months.”
The grant from the state,
which is designed to advance
the development of Kentucky’s
biotechnology sector, is
expected to create 40 new jobs
in research and development
over the next five years. Alltech currently employs
more than 300 people at its facility in Nicholasville.
FRANKLIN
PIC to Move Headquarters to Tennessee
PIC North America, a
biotechnology company
that specializes in the
genetic improvement of pigs, is
moving most of its operations
from Franklin to Hendersonville,
Tenn.
Dennis Harms, managing
director for PIC North America,
told the Franklin Favorite that
the company’s decision to combine
the back office functions
and centralize research programs
at a center in Madison,
Wis., resulted in the space in
Franklin being too large for the
company’s current needs.
Franklin has served as PIC’s
North American headquarters
since 1973. The company
employs about 150 in the
Franklin area.
PIC officials have said the
company does plan to retain its
transport center in Simpson
County as well as pig breeding
facilities in the commonwealth.
In addition, the company will
continue to receive a large portion
of its feed and grain from
Kentucky suppliers, an amount
that is expected to top $4 million
this year.
PIC Director of Marketing
Keith Canfield said the move to a
smaller facility in Hendersonville,
just north of Nashville, will result
in a more efficient operation while
still remaining close enough for
employees to commute. Hendersonville,
which is approximately
40 miles from Franklin, was
selected for the new location over
Kansas City and St. Louis.
“We’re going to do our best
to minimize the impact,” Canfield
said. “We want to do what
we can to not disrupt most of
our employees who live in
Simpson County.”
STATE
New Enterprise Forms to Promote Kentucky to Film Industry
A new nonprofit organization has been formed to promote Kentucky to the filmmaking industry and serve as a distribution
mechanism for film and multimedia projects.
The Kentucky Film
Lab (KFL) will also
serve to train multimedia
professionals through
master classes and will
operate a film and video
production company that
will focus on developing
stories that revolve
around Kentucky and the
surrounding region. KFL
activities will include
filmmaker institutes,
screenwriting workshops,
film forums, educational
programs,
festivals and film production. The organization will have offices in
Lexington and Louisville.
KFL is headed by Brad Riddell, Arthur Rouse and Mark Shepherd
and supported by an advisory board comprised of filmmakers
and multimedia specialists from Kentucky, New York, Los
Angeles, and San Francisco.
“We live in a world where ideas and knowledge are increasingly
being expressed through a visual medium,” Rouse said. “KFL has been created to help expand these capabilities and opportunities
in Kentucky and the region.”
“The film business is extraordinarily important not only from
the standpoint of money spent here by film production companies,” said Kentucky Tourism Commissioner Randy Fiveash. “It showcases
the state and its beauty and diversity. Every time a film is
made here it’s like a moving billboard for the state.”
FULTON
BioEnergy Plans $95 Million Ethanol Plant for Western Kentucky
CONSTRUCTION is slated to begin this month on a $95 million
ethanol plant in Fulton. The facility will be operated by
Bluegrass BioEnergy LLC, which will share ownership
with another company that has not yet been named.
The plant is being built on 130 acres in the Fulton Industrial
Park and is expected to be operational by Summer 2007. The facility
will initially have the capacity to produce 55 million gallons of
ethanol per year, but could be expanded to produce up to 100 million
gallons, according to Bluegrass BioEnergy President Jim
Allen, a Tennessee businessman. Allen said he anticipates expanding
the plant to that point in about three years.
The company will initially employ around 50 people. Another
30-40 jobs could be added if the facility is expanded.
The plant is being constructed by Lurgi PSI. The company is a
subsidiary of Lurgi AG, a German company that specializes in the
construction of ethanol and biodiesel plants.
STATE
Edward Jones, Paducah Bank Earn Top Honors as Best Places to Work
EDWARD Jones Investments in Louisville and The Paducah
Bank & Trust Company top this year’s list of the “Best Places
to Work in Kentucky,” an annual competition presented by
Anthem Blue Cross and Blue Shield.
The program is a multi-year initiative to encourage companies
in the commonwealth to focus, measure and improve their workplace
environments. Forty-one companies participated in the program,
with winners selected based on an assessment of each
company’s employee policies and procedures, as well as the results
of an internal employee survey.
Best Places to Work in Kentucky
Top 10 Large Companies
(200+ plus employees)
1. |
Edward Jones .............................................................. |
Louisville
|
2. |
First Residential Mortgage Network, Inc. ..................... |
Louisville |
3. |
Baptist Hospital East .................................................... |
Louisville |
4. |
KORT-Kentucky Orthopedic Rehab Team ................... |
Louisville |
5. |
Georgetown Community Hospital ................................ |
Georgetown |
6. |
Stites & Harbinson PLLC ............................................. |
Louisville
|
7. |
Kentucky Employers’ Mutual Insurance ...................... |
Lexington |
8. |
Yum! Brands, Inc. ....................................................... |
Louisville |
9. |
Central Baptist Hospital ............................................... |
Lexington
|
10. |
Saint Joseph HealthCare ............................................. |
Lexington |
Top 10 Medium Companies
(25-199 employees)
1. |
The Paducah Bank & Trust Company .......................... |
Paducah |
2. |
Benefit Insurance Marketing ........................................ |
Lexington |
3. |
Dean, Dorton & Ford, PSC ........................................... |
Lexington |
4. |
Sturgill, Turner, Barker & Moloney, PLLC .................... |
Lexington |
5. |
New Equity Mortgage .................................................. |
Louisville |
6. |
Crowe Chizek and Company LLC ................................ |
Louisville |
7. |
Chilton & Medley CPAs ................................................ |
Louisville |
8. |
Woodward, Hobson & Fulton, LLP ............................... |
Louisville |
9. |
SouthEast Telephone .................................................. |
Pikeville |
10. |
Appriss Inc. .................................................................. |
Louisville |
|
In addition to the positive effect the award has on employee
relations and recruitment, many companies are realizing the effect
workplace improvements can have on the bottom line. Numerous
studies show a strong correlation between profitability and creating
a good place to work.
Companies that participate in the program are provided with
survey feedback that can be utilized to develop plans and implement
strategies to improve workplace performance.
In this year’s competition, Edward Jones led the large company
category (200 or more employees). Paducah Bank won in
the category of medium-sized companies (25 to 199 employees).
OWENSBORO
Hospital Buys Former Large Scale Biology Biomanufacturing Plant
A newly formed subsidiary
of Owensboro
Medical Health System
(OMHS) has purchased
the former Large Scale Biology
biomanufacturing plant
in Owensboro, which shut
down in December shortly
before the California-based
company filed for bankruptcy.
OMHS paid $6.4 million
for the 30,000-square-foot
biomanufacturing plant and
adjacent 22,000-square-foot
greenhouse, as well as the
intellectual property
required to operate the facility.
Kentucky Bioprocessing LLC has already begun working with
two customers to process plant-made pharmaceutical products and
hopes to attract small research and development companies to
Owensboro that will utilize the services they offer. The company
has hired former Large Scale employees to run the plant and anticipates
having approximately 20 employees within 18 months.
While the high cost of conducting research was a contributing
factor in Large Scale’s financial problems, Kentucky Bioprocessing
will not be involved in research. Instead, the company will
focus on the production of pharmaceuticals for other companies.
OMHS is currently in the process of building a cancer research
center – a project that was already in the works prior to the purchase
of the biomanufacturing plant – that will work to develop
vaccines and other pharmaceuticals that could then be manufactured
by Kentucky Bioprocessing.
LEDBETTER
New Barge Manufacturing Plant Will Begin Operations This Summer
THREE Rivers Boat and Barge, Inc. is investing $2 million to
build a new barge manufacturing plant along the Ohio River
near Paducah.
Construction is now under way on the new facility; the plant is
expected to be operational by the end of the summer.
The new facility will employ up to 60 workers this year, with an
additional 40 to 60 employees hired in 2007. Average wages will
be around $15 per hour, plus fringe benefits.
The company anticipates building one barge per month once
production starts and will focus on supplying barges to companies
that need deck barges, which typically haul sand and rock.
STATE
Kentucky Showcases Biotech Capabilities at BIO 2006
ELEVEN Kentucky
biotechnology companies,
the University of
Kentucky, University of
Louisville and Western
Kentucky University along
with several local economic
development organizations
joined the Kentucky Cabinet
for Economic Development
at the 14th Annual Bio
2006 International Convention
in Chicago last month
to showcase the commonwealth’s
capabilities and
opportunities in bioscience and life science.
BIO 2006 is one of the world’s premier biotechnology industry
events. Biotech executives, investors, journalists, policymakers and
scientists from more than 60 nations were in attendance at this
year’s convention.
The state’s goals at BIO 2006 included attracting life science
and biotechnology businesses, researchers and entrepreneurs to
Kentucky, and bringing in additional venture capital investments.
Based on experiences at past conventions, this year’s Kentucky
Pavilion provided more than three times the working space of last
year’s booth, providing more room for discussions and business
meetings with BIO 2006 attendees.
The Kentucky Cabinet for Economic Development also invited
seven start-up biotech firms from Kentucky to attend the convention
to represent the commonwealth’s range of biotech research
and development activities. The seven companies joined four
biotech giants – Amgen, Alltech, Martek Biosciences and
Genus/PIC – to help staff the state’s tradeshow booth and tout the
benefits of doing business in Kentucky.
With more than 18,000 people in attendance – including heads
of state, congressional leaders, scientists, entrepreneurs and executives
of biotechnology and pharmaceutical companies – Gov.
Ernie Fletcher said he considered the convention “the perfect
venue to market Kentucky’s resources and opportunities.”
LOUISVILLE
City Asks for Community Input to Create New Branding Campaign
THE Greater Louisville
Community Branding Project
has launched a new
Web site designed to give citizens
throughout the Louisville
area the opportunity to have
input in creating a new brand for
Louisville.
The Greater Louisville Community
Branding Project is a
public/private partnership initiative
of The Greater Louisville
Convention and Visitors Bureau,
Greater Louisville Inc., Louisville Metro Government and the Greater
Louisville Community Branding Alliance. The group’s goal is to identify
and establish a single Louisville brand that will guide current and
future marketing efforts for the Greater Louisville area.
While there have been numerous taglines, logos and advertising
campaigns to promote Louisville over the years, The Greater
Louisville Branding Project, which represents the 25-county bistate
economic region of Kentucky and Southern Indiana, is a comprehensive
36-month project to develop a new brand strategy and
marketing plan for Greater Louisville.
LOUISVILLE
Chautauqua Opens Maintenance Facility at Louisville Airport
CHAUTAUQUA Airlines has officially opened its new maintenance
facility at Louisville International Airport. The new
60,250-square-foot hangar will employ approximately 300 people
at full staff, with an average annual salary of more than $32,000.
The new $8.5 million facility will increase the company’s
overnight maintenance capacity in Louisville from two to six aircraft.
In addition, Louisville serves as a large crew base for the airline,
with up to eight Chautauqua Airlines aircraft remaining
overnight in Louisville.
FRANKFORT
Farmers Capital Bank Buys Citizens National for $30M
FARMERS Capital Bank Corporation has
signed an agreement and plan of merger
with Citizens National Bancshares, Inc.
in a transaction valued at $30 million.
The agreement calls for Nicholasvillebased
Citizens, the parent corporation of Citizens
National Bank of Jessamine County, to
be merged into a subsidiary of Farmers. Citizens
will continue to operate under its same
name following the transaction.
Frankfort-based Farmers is a financial
holding company that operates 34 banking
locations in 23 locations throughout the
commonwealth, as well as a mortgage company, leasing company,
data processing company and insurance company. As of March 31,
the company had total deposits of more than $1.3 billion. Farmers’ stock is publicly traded on the NASDAQ Capital Markets under
the symbol FFKT.
Citizens is a bank holding company headquartered in
Nicholasville. Citizens National Bank of Jessamine County operates
four offices located in Jessamine County. As of March 31, Citizens
had total deposits of $138 million.
The transaction is expected to close during the third quarter of
this year.
TENNESSEE
Olhausen Billiards Moves Corporate Headquarter Operations to Portland
OLHAUSEN Billiards Manufacturing, Inc. has announced
plans to relocate its headquarters, manufacturing and distribution
operations from the San Diego, Calif. area to Portland/
Robertson County in Tennessee. The company will build a
250,000-square-foot facility at the Tennessee/Kentucky Industrial
Park that will bring approximately 130-150 new jobs to the region.
The family-owned company has been in business since 1973
and has grown to become one of the largest billiard manufacturers
in the country. Olhausen sells some 30,000 tables annually.
Gregg Hovey, president and CEO of Olhausen Billiards, said
moving its facility to Tennessee will help the company better manage
costs and stay ahead of customer demands.
“We have experienced tremendous growth over the past few
years and at this point in our business, moving to Tennessee makes
a lot of sense for us,” Hovey said. “The Portland/Robertson
County area has the right business environment and the community
has been extremely cooperative and welcoming.”
The facility is currently under construction and is expected to
be completed next month, with hiring beginning in early summer.
INDIANA
New Biodiesel Plant Will Produce 80 Million Gallons per Year
LOUIS Dreyfus Agriculture
Industries LCC has broken
ground on a new facility near
Claypool, Ind., that is being billed
as the world’s largest biodiesel
production plant.
“Indiana has made dramatic
progress in renewable fuels development
over the past year. We
have grown from one alternative
fuels plant to 10 by late this year,
with more to come,” Indiana Gov.
Mitch Daniels said. “Agribusiness
is a core element of our economic
comeback plan, and renewable
energy production is the lead item
in the agricultural component of
our strategy.”
The plant is expected to produce up to 250,000 gallons of
biodiesel per day, totaling more than 80 million gallons per year.
An integrated on-site soybean processing plant will provide about
260,000 metric tons of soybean oil for the biodiesel production.
The first phase of the Louis Dreyfus project will be a 50-million
bushel per year soybean processing plant, followed by the biodiesel
production facility. The facilities will be one of the world’s first
biodiesel production plants to be fully integrated with a soybean
processing plant. In addition, one million tons of protein-rich soybean
meal produced each year will be used by the livestock and
poultry industry. Eighty-five ongoing jobs will be created at the
plant, and it is estimated that 300 people will be employed during
the 12- to 18-month construction phase of the facility.
Business
Briefs
BOWLING GREEN
- For the second straight year,
graduate and undergraduate
teams from Western Kentucky
University’s Gordon Ford College
of Business swept firstplace
awards in the annual
International Collegiate Business
Strategy Competition. As
part of the competition, students
operated a simulated
company for 10 weeks, making
all marketing, production,
finance, and human resource
decisions for their company and
competing against other companies
in their division. Teams
were ranked for their company
performance and excellence in
their presentations, annual
reports and business plans.
WKU competed against 32
other schools from the United
States and around the world.
COVINGTON
-
Ashland Inc. has signed a
definitive agreement to purchase
the water treatment business
of Degussa AG in a
transaction valued at approximately
$144 million. The
agreement with Degussa AG,
which is branded under the
Stockhausen name, includes
five manufacturing facilities
located in Germany, China,
Brazil, Russia and the U.S.
Ashland President James J.
O’Brien said the transaction is
part of the company’s plan to
expand its products, services
and geographical reach in market
segments where it already
competes. The transaction is
expected to close this month.
HAZARD
- Hometown Opportunities,
Inc., a Hazard company that
provides services to individuals
with disabilities, has been
acquired by Louisville-based
ResCare Inc. for an undisclosed
amount. The acquisition puts
ResCare in an area where it has
not previously had a significant
presence and is expected to
generate approximately $3.5
million in annual revenues.
HENRY COUNTY
- Anew $250,000 agricultural
marketing arena is slated to
open this summer in Henry
County. The facility will be
located at the county fairgrounds
and will serve a broad spectrum
of agricultural enterprises.
HEBRON
- The board of directors of
Pomeroy IT Solutions, Inc.
has authorized a program to
repurchase up to 500,000 shares
of the company’s outstanding
common stock. Pomeroy is an
international technology services
and solutions provider
headquartered in Hebron.
HICKORY
-
Pilgrim’s
Pride is adding
about 80 production
workers
and up to five
management
employees to
keep pace with increased production
at its plant in Hickory.
Human Resources Manager
Will Blythe said the number of
employees hired could double
in spring of 2007 when a night
shift is added.
HOPKINSVILLE
- BMAR & Associates is part
of a group of 10 companies
that has been awarded a fiveyear,
$100 million U.S.
Department of Defense contract
for military maintenance,
repair and construction projects.
BMAR specializes in
facility management, hospital
maintenance and construction
management services to the
federal government.
LETCHER COUNTY
- Letcher County has passed a
ban on smoking in public
places, becoming the fifth Kentucky
community to enact such
an ordinance. Daviess County,
Georgetown, Lexington and
Louisville all have smoking
bans already in place. And,
according to the Kentucky
Department of Public Health,
some 20 more communities are
considering taking similar
action. The Letcher County
law will go into effect July 1.
Violators will be subject to a
$100 fine for the first offense,
more for subsequent violations.
LEXINGTON
- Sperry Van Ness, one of the
nation’s largest commercial real
estate investment brokerage
firms, has expanded its presence
in the Kentucky commercial
real estate market with a
new office in Lexington. The
addition is part of Sperry Van
Ness’ national expansion program,
which has grown from
nine markets to more than 100
markets in 35 states over the
last four years.
- Source Imaging, a Lexington
document management and litigation
support firm, has changed
its name to VeBridge. The name
change was implemented to better
reflect the company’s mission
to connect people with information,
said VeBridge President
Paul Engel.
- The Friesian Horse Association
of North America
(FHANA) has moved its headquarters
from Oregon to the
Kentucky Horse Park as part of
the organization’s efforts to
heighten the breed’s visibility in
the equine industry. Association
officials say the move will also
provide an opportunity for the
Friesian to be showcased during
the World Equestrian
Games that are slated for 2010
at the Kentucky Horse Park.
With FHANA’s relocation, the
Kentucky Horse Park is now
home to 28 national and
regional equine organizations.
- The Lexington law firm of
Sawyer & Glancy has joined
Frost Brown Todd, a regional
firm that operates seven law
offices in four states. According
to a statement released by
FBT, Sawyer & Glancy’s experience
and expertise will reinforce
FBT’s commercial
transactions, financial restructuring
and corporate practices.
LOUISVILLE
- The University of Louisville
has officially opened the Belknap
Research Building, a $47
million facility that boasts the
largest clean room in the state,
enabling researchers to study
nanotechnology and work on
projects that require extreme
precision. The 117,000-squarefoot
facility is designed to
encourage multidisciplinary
research: More than 40 scientists
from the College of Arts
and Sciences, the Speed School
of Engineering and the university’s
Health Sciences Center
will collaborate on research
projects.
-
Yum! Brands, Inc., the parent
company of KFC, Pizza
Hut, Taco Bell and Long John
Silver’s, has been named one of Hispanic
Trends magazine’s “Top 50
Corporations
for Supplier
Diversity” for
its efforts to
work with
minority-owned suppliers. The
list recognizes large U.S. corporations
that offer minority business
owners the best supplier
opportunities. More than 50
percent of Yum!’s U.S. workforce
are minorities as well as
more than 50 percent of the
company’s new hires.
- Steel Technologies has signed
a binding letter of intent to
acquire all of the outstanding
stock of Kasle Steel Corporation
for approximately $49 million.
Michigan-based Kasle is a private
company that ranks as one of
North America’s largest independent
suppliers of automotive
steel blanks. In a separate transaction,
Steel Technologies has sold
its Custom Steel Inc. subsidiary to
American Railcar Industries, Inc.
(ARI) for $13 million plus
approximately $5 million for
inventories. Custom Steel, located
in Kennett, Mo., produces parts
that support ARI’s railcar manufacturing
operations.
- Sunbelt Business Advisors
of Kentucky has changed its
name to Fortune Business
Transfers and Acquisitions.
Company President Brian S.
Mazar said the change was
implemented to better reflect
the values and approaches of
the firm. The company specializes
in providing advisory and
transaction services related to
business transfers and acquisitions,
succession planning and
certified valuations.
- Louisville-based Porter Bancorp
has filed a preliminary
prospectus with the U.S. Securities
and Exchange Commission to
issue $44 million in common
stock as an initial public offering.
The number of shares involved
and the price range of the stock
were not released. The company
plans to use the proceeds from the
IPO to expand its offices in
Louisville and central Kentucky.
- The Humana Foundation has
donated $1 million to the University
of Louisville’s Division of
International Pediatrics. Combined
with a private $1 million
donation from former Humana
chairman David Jones and
matching funding from Kentucky’s
Research Challenge Trust
Fund (Bucks for Brains), the program
will gain a total of $4 million.
The Division of International
Pediatrics began as a result of
Jones’involvement in the Romanian
Assistance Project and has
been actively involved in helping
the country modernize its physician
training and patient care. The
Division of Pediatrics is now planning
new programs for Latvia and
Moldova to help provide medical
improvements in those countries.
- Two Louisville telecommunications
companies have
merged to create one of the
largest telecommunications
firms in the state. Strategic
Communications, LLC and
UpLink Technology, Inc. are
now operating as Strategic
Communications, offering an
array of communications products
and services ranging from
local and long distance telephone
services to turnkey data
and security systems including
Cisco telephony and data products,
Polycom video conferencing
solutions, and a
complete suite of digital security
products.
- Raytheon Company has
been awarded a $57 million
contract to produce 16 Phalanx
Block 1B upgrade kits for the
United Kingdom’s Royal Navy.
(Phalanx is a rapid-fire, computer-
controlled radar and 20-
mm Gatling-gun system.) All
16 kits will be produced at
Raytheon Missile System’s
Louisville facility. The first kit
will be delivered in September
2007 with the remaining kits
following during a six-year
period. Raytheon, which is
headquartered in Waltham,
Mass., employs approximately
350 people in Louisville.
- KFC has joined with a top
Russian restaurant chain to
open the first of more than 300
co-branded restaurants. Within
the next 18 months, all existing
KFC and Rostik’s restaurants
in Russia will be remodeled
with a combined menu that
features menu items from both
restaurant chains. New logos,
exterior and interior designs,
uniforms and packaging will
also be introduced. Over the
next five years, Rostick
Restaurants Limited will invest
up to $100 million to support
the development of the cobranded
restaurants.
- ResCare, Inc., a Louisville
company that provides services
for people with disabilities
and special needs, has signed a
definitive agreement to purchase
the operations and assets
of Armstrong Universe, Inc.
and Armstrong Unicare, LLC.
The companies, which are
headquartered in Tacoma,
Wash., provide in-home personal
care and respite services
to the elderly and individuals
with disabilities. The acquisition
is expected to generate
approximately $28 million in
annual revenues.
MASON COUNTY
-
The Kentucky Public Service
Commission has approved the
construction of a $159 million
project that will reduce air
emissions from East Kentucky
Power Cooperative’s Spurlock
Power Station near Maysville.
The scrubber, which will reduce
emissions of sulfur dioxide and
particulates, is required in order
for EKPC to comply with U.S.
Environmental Protection
Agency requirements. Under
Kentucky law, EKPC will be
able to recover the cost of the
scrubber in the future through a
surcharge on the electric bills of
customers served by the rural
electric cooperatives to which
EKPC provides power. However,
EKPC officials maintain
that the costs of the scrubber
will be offset by lower fuel
costs, since the scrubber will
enable the Spurlock unit to burn
high-sulfur coal, which is generally
less expensive than lowsulfur
fuel. According to
EKPC, the scrubber will produce
an estimated total cost
savings of $338 million in the
29 years following its start-up
in 2008.
MAYSVILLE
- Maysville Community and
Technical College has received
nearly $760,000 to help support
a newly developed power plant
operator program. A large
percentage of the National Science
Foundation grant will be
utilized to purchase equipment
for the program, which is
designed to train workers for
the power plant industry. Industry
estimates indicate that more
than 50 percent of the area
power plant workforce will
retire within the next 10 years
and some plants are already
experiencing staff shortages.
The Power Plant Technology
Program will focus on specific
issues as identified by regional
power plants and will feature
both online and in-class coursework
to help accommodate student
schedules. The program
will have 50 full- and part-time
students.
MURRAY
An increased demand for
vinyl and fiberglass windows
is bringing increased hiring at
Pella Corporation’s facility in
Murray. The company expects
to hire approximately 100 people
over the next year. The
increase will boost Pella’s
Murray workforce to about
1,000, nearly double the company’s
expectations when it
opened four years ago.
NORTHERN KENTUCKY
- Northern Kentucky business
and civic leaders have joined
forces to create a new vision
for the region, establishing a
10-year strategic blueprint that
will be used to define the
future of the area. Vision 2015
focuses on development in the
following six areas: competitive
economy, educational
excellence, livable communities,
urban renaissance, effective
governance, and regional
stewardship.
PADUCAH
- LYNX Services is expanding
its call center in Paducah to meet
an increased demand in autoglass
insurance claims processing.
The company plans to add
up to 60 jobs and is expanding its
operating hours from six to seven
days a week.
PAINTSVILLE
- The Kentucky Highlands
Entrepreneur Center has graduated
its third New Venture
Class, a program that takes participants
through the complete
process of determining whether
they want to be an entrepreneur
and if their business ideas are feasible.
This spring’s class consisted
of nine entrepreneurial
students, all of whom who had
young businesses, a business idea
or interest in becoming an entrepreneur.
The FastTrac New Venture
program assists participants
by helping test the market, pricing,
costs and funding operations
for business ideas.
PRESTONSBURG
- The City of Prestonsburg is
hoping the popularity of
NASCAR racing will help generate
an increase in tourism dollars
for the Eastern Kentucky community.
The city recently held a
grand opening for the Ranier
Racing Museum, which houses
memorabilia from the wellknown
Ranier Racing Team,
which was started in the 1970s by
Floyd County coal company
operator Harry Hale Ranier.
Ranier-owned cars won a total of
24 NASCAR races, including
three Daytona 500s.
STATE
- The Kentucky Community
and Technical College System
and four local unions of the
International Brotherhood of
Electrical Workers (IBEW)
have joined forces to create
educational partnerships that
will assist electrical apprentices
in obtaining an associate
degree. IBEW unions in
Cincinnati, Owensboro, Paducah
and Louisville are participating
in the program.
- Six Kentucky companies are
included on Fortune magazine’s
2006 list of the nation’s
500 largest public companies.
Louisville-based Humana
placed at No. 150 on the list, up
from last year’s 162 ranking.
Other Kentucky companies
include Covington-based Ashland,
Inc. (No. 239), Yum
Brands Inc., of Louisville (No.
257), Omnicare Inc. of Covington
(No. 406), Lexingtonbased
Lexmark International
Inc. (No. 415) and Kindred
Healthcare Inc. of Louisville
(No. 498).
INDIANA
- AT&T Indiana has launched
a new initiative that will bring
broadband service to 33 rural
Indiana communities over the
next 12 months. The plan will
bring high-speed digital subscriber
(DSL) line Internet service
to every central office in
Indiana operated by AT&T.
Once completed, the build-out
will bring DSL service to rural
towns with populations as small
as 270. Industry observers say
the initiative is the result of
Indiana’s newly revised telecom
laws. “Before passage of
HB 1279, Indiana ranked 34th
in the nation regarding broadband
penetration,” Indiana Sen.
Brandt Hershman said. “With this reform, Indiana will
become one of the top destinations
for telecommunications
investment in the country,
allowing underserved areas
both urban and rural to enjoy
the economic benefits of high
speed Internet access.”
OHIO
- Trillium Health Care
Products is expanding its
workforce in St. Bernard,
Ohio, in order keep up with
client demand. Trillium purchased
Procter and Gamble’s
soap manufacturing plant in St.
Bernard three years ago and
continues to produce soap
products for P&G. Other
clients include Colgate-Palmolive
and Kao Brands. The company
plans to add 75 new jobs
to the existing staff of 225.
- Avon will cut 300 jobs at its
Springdale call center as part
of the company’s $500 million
restructuring plan that includes
management realignments and
advertising changes. The New
York-based company plans to
move the Springfield call center
jobs to lower-cost countries
overseas as part of its effort to
reduce costs. Avon employs
approximately 600 people at
its Springdale facility, where it
also handles some manufacturing
and shipping.
- Ford has cut 80 jobs at its
Sharonville plant as the company
phases out a transmission
assembly line and will eliminate
120 more jobs over the
course of the coming months.
The cutbacks are part of the
company’s decision to consolidate
production of transmissions
used in the Crown
Victoria and some Ford pickups,
and eventually eliminate
the transmission used in the
Lincoln LS.
TENNESSEE
- TACLE Seating USA is
building a 90,000-square-foot
plant in Mt. Juliet, where it will
produce automotive seats for
Nissan North America’s assembly
plant in nearby Smyrna.
The plant is expected to open
next year and will employ up to
170 people. TACLE is a joint
venture of Lear Corp. and
Tachi-S Engineering.
- Embraer Aircraft Maintenance
Services Inc. has
announced plans to add 165
new jobs at its Nashville facility,
nearly doubling its workforce
there. The new jobs are
being added to meet the rising
demand for full-service aircraft
maintenance, repair and overhaul.
Embraer recently added a
new 78,000-square-foot hangar
at Nashville International Airport
to its existing 125,000-
square-foot facility, which
services turboprop and
regional jet aircraft.
- Sky Angel, a direct broadcast
satellite system that specializes in
family-friendly TV and radio
channels, has announced plans to
open a new call center in Cleveland.
The new facility will initially
bring around 50 new jobs
and more than 200 new jobs over
the next several years.
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