A nonprofit publication of the Kentucky Center for Public Service Journalism

COVID-19 effects on Kentucky housing market not as dire as expected; April sales drop 12.5 percent

The effect of COVID-19 on the housing market in Kentucky was finally seen in the April statistics as a 12.5 percent drop in homes sold. A total of 3,748 closings took place in April, down from 4,281 in April 2019. Housing market experts have been predicting a nationwide dip in sales for 2020 of about 10 percent. Nationwide existing-home sales dropped 17.8 percent from March to a seasonally adjusted...

Pam Goetting named SVP, Director of NKY Region, for Heartland Bank which acquired Victory bank

Heartland BancCorp, parent company of Heartland Bank, has announced that Pamela Goetting has joined Heartland Bank as SVP, Director of the Northern Kentucky Region. In this new leadership role, Goetting will oversee the retail, commercial banking, residential mortgage and treasury management operations at all three branch offices recently acquired in the Victory Community Bank merger. Pam Goetting “We...

Kentucky licenses 960 hemp growers 150 processor, handlers for 2020, 4.6m sq.ft. of greenhouse space

By Tom Latek Kentucky Today The Kentucky Department of Agriculture has licensed 960 hemp growers to grow up to 32,000 acres and 150 hemp processors and handlers for 2020 and has also licensed 4.6 million square feet of greenhouse space for production. 
Of the 960 licensed growers, 157 have not requested growing sites, but intend to store hemp from last year’s harvest for marketing in 2020. The...

Majority of Kentucky REALTORS say buyers are starting to return to market, says HousingIQ survey

Nearly three out of five Kentucky REALTORS® – 61% – said their sellers were holding back listings due to current economic uncertainty, according to the May 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Nearly 60% of the 374 REALTORS® from across Kentucky reported that their buyers had started to return to the market. ”Home prices are gaining due to tight inventories that have...

St. E. Healthcare named Care Continuum Center of Excellence by GO2 Foundation for Lung Cancer

St. Elizabeth Healthcare has been named a Care Continuum Center of Excellence (CCCOE) by the GO2 Foundation for Lung Cancer. With this designation, St. Elizabeth becomes one of more than 30 community hospitals recognized by the GO2 Foundation for providing patient-focused, comprehensive multidisciplinary lung cancer care. To qualify for CCCOE status, a community hospital must meet rigorous qualifying...

State unemployment rates soar in all 120 Kentucky counties due to COVID-19 pandemic

Unemployment rates soared in all 120 Kentucky counties between April 2019 and April 2020, according to the Kentucky Center for Statistics (KYSTATS), an agency of the Kentucky Education and Workforce Development Cabinet. Clinton County recorded the lowest jobless rate in Kentucky at 8.4 percent, up from 6.4 percent in March. It was followed by Carlisle County, 8.7 percent; Cumberland County, 10.1 percent;...

New report shows small businesses are optimistic about reopening, empowered by digital tools

A report released by the Connected Commerce Council (3C), in partnership with Google and conducted by LRWGreenberg, finds small businesses are optimistic about reopening their businesses, empowered and fortified by digital tools and services, and resilient in the face of the COVID-19 crisis. Digitally Empowered: How Digital Tools Power Small Businesses Amid COVID-19 found that during the COVID crisis...

NKY Young Professionals name 2020 Next Generation Leader Award finalists; winners named July 16

Northern Kentucky Young Professionals (NKYP) announces the 2020 Next Generation Leader Award (NGLA) finalists. These individuals have been selected by a review panel of community leaders as finalists among nearly 70 applications submitted by impressive young professionals across the region. The applications with the highest scores in each category are recognized as finalists. The highest scored application...

Connected Commerce Council urges policymakers to preserve access to digital tools, small business needs

Community leaders and small businesses throughout Kentucky sent a letter calling on Gov. Andy Beshear and other state policymakers to preserve access to business-critical digital tools and resources during the COVID-19 pandemic and the long recovery period ahead. Led by the nonprofit membership organization, Connected Commerce Council (3C), the letter was signed by over 80 Kentucky-based leaders representing...

BBB Trends: Beware of Memorial Day scams — typically, they are directed at service members

Memorial Day is right around the corner, which means many people will be preparing for the unofficial start of summer. But more importantly, Memorial Day is a time to honor those who have lost their lives for our country. Unfortunately, scammers use this time of year to take advantage of victims in a variety of schemes with a patriotic or military approach.  BBB warns of the following scams that are...

April unemployment rate in Kentucky balloons to 15.4 percent — a 10.2 percent increase from March

Kentucky’s seasonally adjusted preliminary April 2020 unemployment rate was 15.4 percent, according to the Kentucky Center for Statistics (KYSTATS), an agency within the Education and Workforce Development Cabinet (EWDC). The preliminary April 2020 jobless rate was up 10.2 percentage points from March 2020 and up 11.1 percentage points from the 4.3 percent recorded for the state in April 2019. The...

St. Elizabeth Healthcare, Highpoint Health sign agreement to bring Highpoint into St. E. system

St. Elizabeth Healthcare and Highpoint Health have signed a Letter of Intent outlining an agreement to integrate Highpoint Health and its associated physician group, Highpoint Health Physician Partners, into the St. Elizabeth system. Transitioning Highpoint Health into the St. Elizabeth system comes on the heels of other collaborations between the two healthcare systems Recently, the two systems began...

UMA Home Decor, global importer and wholesaler, to move office, warehouse to Erlanger, adding new jobs

It may well be the case that the first step toward a stylish, well-appointed home begins in Erlanger. New home for UMA Home Decor, 400 Kenton Lands Road UMA Home Décor, one of the largest global importers and wholesalers in the home décor industry, announced it will move to Erlanger with plans to be operational by July 1. With an extensive inventory of more than 15,000 products that cover multiple...

Commonwealth Bank & Trust relocates branch to Thomas More Parkway/Dudley Road in Edgewood

Commonwealth Bank & Trust Co. relocated its branch in Edgewood to 591 Freedom Park Drive at the corner of Thomas More Parkway and Dudley Road. The branch opened this week following a six-figure renovation of the existing building on the property. The branch was previously located at 160 Barnwood Drive, near Thomas More University. “We are thrilled to be able to share our beautiful new location...

Cameron announces multi-state settlement of up to $12 million in restitution for Kentucky consumers

Attorney General Daniel Cameron on Tuesday announced Kentucky joined a multi-state settlement with Santander Consumer USA Inc., resulting in up to $12 million for Kentucky consumers who have defaulted on subprime auto loans. The settlement resolves allegations that Santander violated consumer protection laws by approving subprime auto loans with a high probability of default. “Santander misled consumers...