Tag Archives: economy
Churchill 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 to [...]
Gambling 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 and [...]
Food 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 increase [...]
Lexington 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 StoryKentucky Non-Employer Businesses Up From 2006 – U.S. Census data
U.S. Census data showed that non-employer businesses were up 4.1 percent since 2006. The total number of non-employer businesses in Kentucky are 278,100–up from 267,161 in 2006. Non-employer businesses are typically self-employed individuals with unincorporated businesses.
Full StoryIncentive Program For Kentucky Businesses
Governor Steve Beshear signed into law House Bill 3 in June of 2009. This bill, known as Incentives for a New Kentucky (INK), will help streamline and modernize Kentucky’s business incentive program. This bill will help encourage small [...]
Full StoryFunding Sources For High-Tech Firms In Kentucky
Get Seed Funding For Your Kentucky-Based Business
The growth of high-tech firms in the state of Kentucky is dependant on new forms of capital in order to help further economic development in Kentucky’s recession-stricken economy. The research for and implementation of new products and technologies can be beyond the means of start-up companies who strain to [...]
