Category Archives: economy

Louisville among worst cities to find a job

Just days after Mayor Greg Fischer said in his inauguration speech that Louisville is at the top of too many of the wrong kind of lists, the grim economic news continues to pile up. According to Business First, Louisville was ranked among the worst cities to find a job last month, which shouldn’t really be […]

Ford to bring new vehicles, jobs

The Ford Motor Company plans to invest $600 million to renovate its Louisville Assembly Plant, and will eventually employ 2,900 workers at the refurbished site. The automaker’s new facility will build the next-generation of vehicles starting late next year and will require an additional shift, creating 1,800 new jobs on top of the 1,100 employees […]

Aegon cuts hundreds of jobs in Louisville

The city’s jobs market took a big blow Wednesday, with Aegon Insurance Corp. announcing that it is consolidating its Louisville operations that will result in hundreds of jobs being moved to the company’s primary locations. There are currently 400 employees who work at the domed Aegon Center in downtown Louisville, and about 120 of those […]

The lost decade

Over the last decade, Louisville’s job market has been bleeding, with little real aid — and critics point to lethargy in Greater Louisville Inc., as the leading culprit. From January 2000 to January 2010, the Bureau of Labor & Statistics shows that the city shed 34,600 private sectors jobs. Those losses represent a 5.5 percent decrease […]

Green against SW Jeff. Co. coal plant

News that the Kentucky Economic Development Finance Authority offered $7 million in incentives to an Australian company to build a new coal-drying plant in southwest Jefferson County didn’t get much press attention, but independent mayoral candidate Jackie Green used the announcement to call for greener jobs in Louisville. From The Courier-Journal: White Energy would invest […]

Carbon Credit Market Already Rife With Fraud

All of the debate surrounding “cap-and-trade” legislation — whereby polluters will be able to offset pollution as well as the costs associated with “going green” — usually centers on whether it will hurt the economy at the expense of saving the environment. Under that context, the debate becomes a no-brainer: You can’t have an economy […]

Yarmuth responds to job cuts at Jewish Hospital

The economic woes in this lingering recession continue as Jewish Hospital & St. Mary’s HealthCare announced that it is cutting 500 jobs from its work force. The job cuts will result in 250 actual workers being laid off. U.S. Rep. John Yarmuth, KY-3, a Democrat, released the following statement: “This is heart-breaking news for the […]

Abramson + Obama = ♥

For the eleventy-billionth time, Jerry Abramson is meeting with Barack Obama in Washington D.C. to talk about things like job creation, fat kids and potentially why Harry Reid is so full of racism. Under the purview of the U.S. Conference of Mayors, here’s a glimpse at Jerry’s three-day itinerary. Part of the White House discussion […]

More Fun With Kentucky’s Insolvency

You are probably aware that our great commonwealth is broke. In case you were wondering just how broke we are, here are some general fund receipts just released by the Office of the State Budget Director. According to the report’s cover letter, our state government collected 8.3 percent less in December 2009 than December 2008 […]

KY Budgetary Woes Worse Than Expected

You may remember about two weeks ago when the Consensus Forecasting Group projected that Kentucky’s fiscal future wasn’t so bleak, after all. So naturally you went and maxed out your credit card on Wiis for the whole family. Well, turns out the CFG got the fiscal story half right, as Gov. Steve Beshear dropped some […]