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Business

  • PNC trims branch in downtown Elizabethtown

    PNC Bank closed its West Dixie branch in Elizabethtown for the final time Friday.

    The two-story building, less than three blocks from the courthouse, once served as headquarters for First Hardin National Bank. Constructed in 1963 and remodeled after a fire in 1995, it contains more than 16,000-square feet and five drive-thru lanes, making it much larger than a typical bank branch. Much of the facility has been unused.

  • USDA’s animal disease traceability has begun

    The USDA’s new animal disease traceability program went into effect Monday. Having a traceability system in place should allow the United States to track animal disease more quickly and efficiently, thereby minimizing not only the spread of disease but also the impacts an outbreak may have.

  • Focus on Finance: Understanding peer-to-peer lending for small business

    Question: I saw something on a blog about P2P lending for small business. Can you tell me more about it?

    Answer: Whether you need more cash for your operations or have excess cash you’d like to see earning higher interest rates, peer-to-peer lending may be an attractive option. P2P lending pairs individual borrowers (with proven credit histories) with private lenders who make significant loans, often at favorable rates, without involving a bank as an intermediary.

  • 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.

  • 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.

  • Greenbrier closure to result in 60 local jobs lost

    A policy change for an Oregon-based company is expected to result in the loss of about 60 local jobs.

    The Greenbrier Companies Inc., a provider of equipment and services to the railway industry, announced Thursday that the company has reached an agreement to sell all of the equipment used at its reconditioned wheelset rollerbearing operations facility on Peterson Drive in Elizabethtown.

  • Focus on Finance: Do it yourself or call a professional?

    Question: What items in my life should I do myself and when should I call a professional?

  • 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.

  • Renovating high-traffic areas

    We hear several questions each spring from producers about how best to fix “high-traffic” areas in pastures that have been severely damaged between late fall and early spring. High traffic areas such as feeding areas, sacrifice lots, alleyways, gateways and waterers often are bare and muddy this time of year. To slow and reduce soil erosion, compaction, forage damage and weed problems, and as a benefit to animal health, these areas need to be renovated promptly.

  • Starting over in the job market

    Question: I recently was laid off after 20-plus years at my job. I am nervous about looking for a new job and starting over. Any tips on where/how to start?

    Answer: The economic crisis in the United States has led to record job losses and layoffs that have affected nearly every industry. While it may not seem like it right now, this crossroads in your life is an opportunity to evaluate your financial future and perhaps pursue a different career path you may not have otherwise considered.