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Business

  • Credit union to assist furloughed members

    Fort Knox Federal Credit Union initated special loan and withdrawal options to assist members affected by recently announced federal government spending cuts that likely will result in furloughs for some government workers.

    Employees could be furloughed for up to 176 “non-contiguous hours” between April and the end of the fiscal year in September, which is as much as 22 eight-hour work days.

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  • GAP certification important for tobacco growers

    With improved prices and demand from tobacco companies, burley tobacco production is making a slight rebound in Hardin County.

    With many growers increasing acreage, changing the companies with which they contracted, and some growing the crop again for the first time in several years, many producers this year will encounter some changes. One of these changes includes the requirement or strong recommendation of GAP certification for all contracted growers.

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  • Altec purchases property for expansion

    Altec Industries Inc. has obtained land from the Elizabethtown-Hardin County Industrial Foundation for an expansion at its Elizabethtown facility, according to a property transfer. The amount of the transaction was listed at $150,000.

    Rick Games, president of the EIF, said the company is in the process of boosting its capacity and primarily is expanding its existing facility. Games said he has been told the land purchased likely will be used for vehicle storage.

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  • Focus on finance: Save yourself the scramble

    Question: I know it seems crazy to want to talk about taxes in May when everyone is just recuperating from April’s deadline, however, I am a new entrepreneur and I want to start things out right and not have to scramble next March, Any advice you can give me would be much appreciated.

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  • The Cecilian Bank purchases vacant bank for processing center

    The Cecilian Bank is making plans to move this fall into downtown Elizabethtown.

    The local company purchased the building at 227 W. Dixie Ave., which was vacated in March by PNC Bank, for $901,250, said Greg Pawley, president and chief executive officer.

    At this time, Pawley said The Cecilian Bank does not intend to open a banking center in the 20,000-square-foot space. Instead, he said the building will be used as an operations center for customer support and e-banking departments, which have grown in recent years as the bank expanded.

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  • Yes, you can direct IRA money to your church

    Question: I was told I can give my IRA required minimum distribution to my local church and receive a tax break. How is that possible?

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  • Photos: Ollie's opening in Radcliff
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  • Focus on finance: Seeking investment growth

    Question: Which is to my greater advantage, withdrawing from my tax-deferred account or my taxable account?

    Answer: Retirees have tax-deferred and taxable accounts from which to withdraw for their annual expenses. Your overall portfolio growth is greatest when taking withdrawals from taxable accounts first. See the results of this on your total investments after 10 years at any investment rate.

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  • Is late planting a bad thing?

    As we continue into spring, it’s obvious farm work and seasonal progression of most crops are well behind average. According to the National Agricultural Statistics Service, as of April 22, only 15 percent of the corn crop in Kentucky had been planted, compared to 73 percent the same time last year, and a five-year average of 32 percent. Winter wheat is progressing slowly, as only 3 percent of the crop statewide has headed out, compared to 77 percent last year, and a five-year average of 19 percent.

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  • Is late planting a bad thing?

    As we continue into spring, it’s obvious farm work and seasonal progression of most crops are well behind average. According to the National Agricultural Statistics Service, as of April 22, only 15 percent of the corn crop in Kentucky had been planted, compared to 73 percent the same time last year, and a five-year average of 32 percent. Winter wheat is progressing slowly, as only 3 percent of the crop statewide has headed out, compared to 77 percent last year, and a five-year average of 19 percent.

    Click here to read more...