News
Special tax incentives for expanding Kentucky businesses
The Kentucky Economic Development Finance Authority board approved special tax incentives for businesses on Oct 28th. If a company is approved, the company may keep the amount of money that it would otherwise pay in taxes for assistance with expansion and growth. So far, the board has approved: Illinois Tool Works Florida Tile American Greetings [...]
Full StoryFree paper shredding on November 13th
The city Government of Lexington has planned a paper shredding event on November 13th. The city Government has joined forces with CINTAS and God’s Pantry for the event. The event will be held from 9 am to 2 pm. Up to 25 boxes of documents or paper may be brought to the landfill pad on [...]
Full StoryKentucky Schools Deploy Microsoft Cloud Services
The Kentucky Department of Education decided to move forward with cloud services by Microsoft that will replace their current e-mail servers. The cloud services are a free offering by Microsoft that will provide 700,000 students, faculty and staff with email and information sharing tools. It is expected that this move will save the school system [...]
Full StoryChurchill Reports Q1 Loss Despite Record 75.1 Million Revenue
Even after the opening of Calder Casino in Florida and record revenues of 75.1 million, Churchill Downs, Inc reported a Q1 loss. This low point in their fiscal year is not uncustomary since there are few races in the first three months of the year. Churchill’s president and CEO, Bob Evans, stated that “[they] continue [...]
Full StoryGambling Revenue Dropped 5 Percent in 2009
In 2009, gross gambling revenue dropped 5 percent according to reports from the American Gaming Association (AGA). The survey focused on how much money casinos made–not how much was offered in bets. Racetrack casino gambling, revenue in contrast, rose 5 percent in 2009. This was due in a large part to new casinos in Indiana [...]
Full StoryFood Prices Up 5.6% In 2009
According to the Kentucky Farm Bureau’s quarterly survey, food prices raised 5.6% for 2009. The increases in prices include poultry, eggs, milk, sausage, tomatoes, corn and bread. During the 2nd quarter of 2009, food prices overall had slightly decreased (year to year). Food prices began to increase by the third quarter of 2009–marking the first [...]
Full StoryLexington To Host Creative Cities Summit In April
This spring, Lexington will host the “Creative Cities” summit, which will be a chance to put Kentucky’s innovative talent on display as well as a way for Kentucky businesses to network and share creative strategies. The Creative Cities Summit is a multi-disciplinary conference that brings together creative leaders from around the world to build and [...]
Full StoryKY Recycler Wins Green Award
The Basal Action Network, which works to reduce the inefficiency of toxic trade (toxic wastes, products and technologies) and its devastating impacts, has named Global Environmental Service of Georgetown ( a Kentucky business ) as an E-Steward. Only 30 companies have met Basal Action Network’s E-Steward quality standard. Global Environmental Service of Georgetown or GESG [...]
Full StoryMany Web Hosts Move Toward Unlimited Traffic Packages
X-alt.org reported on a trend in the web development and IT sector of web hosting companies moving toward a complete elimination of data transfer quotas on hosting accounts. Yahoo, Godaddy and 1 & 1 have all made the move to eliminate such quotas that many customers have felt were overly technical and confusing. View the [...]
Full StoryKentucky Power Company To Buy From Illinois Wind Power
Kentucky Utilities and Louisville Gas and Electric Company will make a request from the Public Service Commission to buy electricity from Illinois. The increased cost for the wind generated electricity will be passed down to consumers should the deal go through. 109.5 megawatts will be the amount of power sought from the Grand Ridge Energy [...]
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