This is the Boyle County, Kentucky Employment Report for Q1 2011, compiled by the Boyle County Industrial Foundation and released by the Danville/Boyle County Economic Development Partnership.
This is the Fourth Quarter 2011 employment report for Boyle County, Kentucky, compiled from employment data monitored by the Boyle County Industrial Foundation.
Employment levels in Boyle County, Kentucky declined in the first quarter of 2011 compared to the previous quarter, with total employment falling by 669 jobs, primarily due to seasonal reductions at large industrial employers and the closure of a glassworks plant. Unemployment rates in Boyle County and surrounding counties remained around 11-12% in the first quarter. The Economic Development Partnership provides the quarterly report to track employment levels and trends in order to support economic development efforts in the region.
The document provides a quarterly employment report for Boyle County from Q4 2010. [1] Industrial employment saw a net loss of 21 jobs compared to the previous quarter, though there was a gain of 297 jobs since the start of the year. [2] Non-industrial employment increased by 40 jobs over the previous quarter. [3] Overall, total employment in the county rose by 19 jobs compared to the last quarter.
This is the First Quarter 2012 employment report for Boyle County, Kentucky, compiled from employment data monitored by the Boyle County Industrial Foundation.
The quarterly report summarizes employment data for Boyle County, Kentucky for Q3 2010. Industrial employment increased by 121 jobs from the previous quarter to a total of 3,329 jobs. Non-industrial employment decreased by 45 jobs to 4,137 jobs. The overall employment increased by 76 jobs from the previous quarter to a total of 7,466 jobs due to growth in the industrial sector offsetting losses in non-industrial jobs. The unemployment rate decreased slightly from the previous quarter to 11.8%.
The rate of increase in Columbus Region employment in the second quarter was more than double the Ohio and U.S. levels. Click for more news from the Columbus Region's second quarter of 2013.
The Columbus metro enjoyed strong jobs growth as of late by adding 23,000 payrolls, annually, according to the latest figures from the BLS. Total non-farm employment now sits at roughly 1 million jobs. Meanwhile, unemployment currently stands at 5.0 percent, an increase of 1.1 percent from the previous month.
This is the Fourth Quarter 2011 employment report for Boyle County, Kentucky, compiled from employment data monitored by the Boyle County Industrial Foundation.
Employment levels in Boyle County, Kentucky declined in the first quarter of 2011 compared to the previous quarter, with total employment falling by 669 jobs, primarily due to seasonal reductions at large industrial employers and the closure of a glassworks plant. Unemployment rates in Boyle County and surrounding counties remained around 11-12% in the first quarter. The Economic Development Partnership provides the quarterly report to track employment levels and trends in order to support economic development efforts in the region.
The document provides a quarterly employment report for Boyle County from Q4 2010. [1] Industrial employment saw a net loss of 21 jobs compared to the previous quarter, though there was a gain of 297 jobs since the start of the year. [2] Non-industrial employment increased by 40 jobs over the previous quarter. [3] Overall, total employment in the county rose by 19 jobs compared to the last quarter.
This is the First Quarter 2012 employment report for Boyle County, Kentucky, compiled from employment data monitored by the Boyle County Industrial Foundation.
The quarterly report summarizes employment data for Boyle County, Kentucky for Q3 2010. Industrial employment increased by 121 jobs from the previous quarter to a total of 3,329 jobs. Non-industrial employment decreased by 45 jobs to 4,137 jobs. The overall employment increased by 76 jobs from the previous quarter to a total of 7,466 jobs due to growth in the industrial sector offsetting losses in non-industrial jobs. The unemployment rate decreased slightly from the previous quarter to 11.8%.
The rate of increase in Columbus Region employment in the second quarter was more than double the Ohio and U.S. levels. Click for more news from the Columbus Region's second quarter of 2013.
The Columbus metro enjoyed strong jobs growth as of late by adding 23,000 payrolls, annually, according to the latest figures from the BLS. Total non-farm employment now sits at roughly 1 million jobs. Meanwhile, unemployment currently stands at 5.0 percent, an increase of 1.1 percent from the previous month.
The Columbus metro continued its steady expansion by recently adding 15,200 payrolls, year-over-year, bringing total non-farm employment to 1.02 million. Meanwhile, unemployment fell 60 basis points year-over-year to 3.8 percent.
The Cincinnati metro enjoyed strong jobs growth by recently adding 21,700 payrolls, year-over-year. Total non-farm employment now sits at 1.05 million. Meanwhile, unemployment fell 20 basis points from the previous month to 4.1 percent.
The Columbus metro saw modest job growth according to the latest figures from the BLS, adding 8,300 payrolls, annually. Total non-farm employment now sits at roughly 1 million jobs. Meanwhile, unemployment remains virtually unchanged from the previous month at 3.7 percent, one of the lowest in the U.S.
Industrial employment sectors have experienced substantial employment expansion over the last year, recording an annualized net gain of 32,200 jobs across the metro.
Office-using employment sectors have experienced sustained, albeit modest employment expansion over the last year, recording an annualized net gain of 1,800 jobs across the metro.
Local unemployment decreased this month, contracting by 10 basis points to 5.3 percent. Still, the reduction in metro unemployment may be more attributed to workforce dynamics than the economy.
Columbus JLL Industrial Employment Update February 2015cybrooks
The industrial employment sector continues its drive of modest, steady growth, posting an annual net gain of 4,400 jobs according to the latest data from the BLS. Employment gains were largely spurred by trade, transportation and utilities, which posted an annual net gain of 2,500 jobs. Meanwhile, the manufacturing supersector trailed the pack, posting virtually zero annual net job gains or losses.
Jobs growth among Cleveland’s industrial employment sectors has been subdued over the last year, recording an annualized net gain of 1,900 jobs or 49 basis points.
This report provides a summary and analysis of the HVAC industry. It was published in November 2012, contains 146 pages, and can be licensed for $3,960. The report examines the US and global HVAC markets, including historical data from 2002-2011 and forecasts through 2022. It covers market sizes and trends for various HVAC equipment categories, discusses key manufacturers, and analyzes factors influencing industry growth. The HVAC industry is recovering from recession but growth remains flat as the next administration takes shape.
The Cincinnati metro enjoyed strong jobs growth by recently adding 19,300 payrolls, year-over-year, bringing total non-farm employment to 1.03 million. Meanwhile, unemployment rose 1.2 percent from the previous month to 5.5 percent, equal that of the national level.
The document discusses recent employment trends in Milwaukee. It notes that while Milwaukee lost around 500 jobs in the most recent monthly data, over 17,000 jobs have been added in 2015 so far. The unemployment rate has fallen from 7% to 5.6% over the past year. Office and industrial sectors added jobs while some large companies like Wells Fargo have also cut over 1,000 local jobs. The industrial market in Milwaukee is tight with new developments planned as available space dwindles.
Colliers North American Industrial Highlights Q2 2013Coy Davidson
Railroad employment in the US has grown for five consecutive months to its highest level since 2008, indicating strong demand for industrial warehouse space. Vacancy rates for industrial real estate in North America declined for the ninth straight quarter despite new construction, as absorption remained robust. While GDP and manufacturing activity were strong in the first half of 2013, uncertainty surrounding the federal budget and slowing global growth may weaken the US industrial recovery in the second half of the year and into 2014.
In late 2014, oil prices experienced significant declines due to oversaturated supply and a slowdown in global demand. Prices have since stabilized but at depressed levels. Materials prices were projected to drop in correlation with oil, but high demand for most major construction inputs has kept prices up overall.
Low gas prices typically drive an uptick in demand for retail, e-commerce, and industrial real estate. However, shipping costs remain high due to a decline in available labor, negating much of the oil price savings.
In the office market, the development pipeline continues to expand alongside rents, which increased 3.1 percent this quarter. U.S. markets are set to deliver more than 80 million square feet currently under development. Energy-heavy markets such as Houston are exceptions to this trend, as declining demand stifles the need for new space.
JLL Cincinnati Office Employment Update May 2015Andrew Batson
The office employment sector continued its streak of strong jobs growth, posting an annual net gain of 5,500 jobs according to the latest data from the BLS.
Denyo Manufacturing Corporation, a manufacturer of industrial electric generators located in Danville, Kentucky, announced a nearly $6.9 million investment in its Boyle County plant to modernize its manufacturing processes. The investment will allow the company to construct a new facility housing an advanced coating process to improve product quality and productivity while minimizing environmental impacts. With support from state economic development incentives, the project will help Denyo retain its existing 101 Kentucky jobs.
This is a flyer for the event "A Taste of 1862" planned for Saturday, October 6, 1862. Dinner will be served at 6:30 pm; dancing will begin at 8:00 pm. Tickets are $25 per person. Proceeds will benefit the continued preservation of Perryville's Merchants Row.
This is a results and outcomes recap of the second program year of the KentuckyUnited state marketing cooperative led by the Kentucky Association for Economic Development. The Danville/Boyle County Economic Development Partnership is a Level 1 Sponsor of and active participant in the program through the Bluegrass South Regional Economic Development Coalition.
The Danville/Boyle County Convention and Visitors Bureau issues this presentation as a guide to where the organization would like to see Danville go in terms of signage, greenspace, and streetscape!
The Columbus metro continued its steady expansion by recently adding 15,200 payrolls, year-over-year, bringing total non-farm employment to 1.02 million. Meanwhile, unemployment fell 60 basis points year-over-year to 3.8 percent.
The Cincinnati metro enjoyed strong jobs growth by recently adding 21,700 payrolls, year-over-year. Total non-farm employment now sits at 1.05 million. Meanwhile, unemployment fell 20 basis points from the previous month to 4.1 percent.
The Columbus metro saw modest job growth according to the latest figures from the BLS, adding 8,300 payrolls, annually. Total non-farm employment now sits at roughly 1 million jobs. Meanwhile, unemployment remains virtually unchanged from the previous month at 3.7 percent, one of the lowest in the U.S.
Industrial employment sectors have experienced substantial employment expansion over the last year, recording an annualized net gain of 32,200 jobs across the metro.
Office-using employment sectors have experienced sustained, albeit modest employment expansion over the last year, recording an annualized net gain of 1,800 jobs across the metro.
Local unemployment decreased this month, contracting by 10 basis points to 5.3 percent. Still, the reduction in metro unemployment may be more attributed to workforce dynamics than the economy.
Columbus JLL Industrial Employment Update February 2015cybrooks
The industrial employment sector continues its drive of modest, steady growth, posting an annual net gain of 4,400 jobs according to the latest data from the BLS. Employment gains were largely spurred by trade, transportation and utilities, which posted an annual net gain of 2,500 jobs. Meanwhile, the manufacturing supersector trailed the pack, posting virtually zero annual net job gains or losses.
Jobs growth among Cleveland’s industrial employment sectors has been subdued over the last year, recording an annualized net gain of 1,900 jobs or 49 basis points.
This report provides a summary and analysis of the HVAC industry. It was published in November 2012, contains 146 pages, and can be licensed for $3,960. The report examines the US and global HVAC markets, including historical data from 2002-2011 and forecasts through 2022. It covers market sizes and trends for various HVAC equipment categories, discusses key manufacturers, and analyzes factors influencing industry growth. The HVAC industry is recovering from recession but growth remains flat as the next administration takes shape.
The Cincinnati metro enjoyed strong jobs growth by recently adding 19,300 payrolls, year-over-year, bringing total non-farm employment to 1.03 million. Meanwhile, unemployment rose 1.2 percent from the previous month to 5.5 percent, equal that of the national level.
The document discusses recent employment trends in Milwaukee. It notes that while Milwaukee lost around 500 jobs in the most recent monthly data, over 17,000 jobs have been added in 2015 so far. The unemployment rate has fallen from 7% to 5.6% over the past year. Office and industrial sectors added jobs while some large companies like Wells Fargo have also cut over 1,000 local jobs. The industrial market in Milwaukee is tight with new developments planned as available space dwindles.
Colliers North American Industrial Highlights Q2 2013Coy Davidson
Railroad employment in the US has grown for five consecutive months to its highest level since 2008, indicating strong demand for industrial warehouse space. Vacancy rates for industrial real estate in North America declined for the ninth straight quarter despite new construction, as absorption remained robust. While GDP and manufacturing activity were strong in the first half of 2013, uncertainty surrounding the federal budget and slowing global growth may weaken the US industrial recovery in the second half of the year and into 2014.
In late 2014, oil prices experienced significant declines due to oversaturated supply and a slowdown in global demand. Prices have since stabilized but at depressed levels. Materials prices were projected to drop in correlation with oil, but high demand for most major construction inputs has kept prices up overall.
Low gas prices typically drive an uptick in demand for retail, e-commerce, and industrial real estate. However, shipping costs remain high due to a decline in available labor, negating much of the oil price savings.
In the office market, the development pipeline continues to expand alongside rents, which increased 3.1 percent this quarter. U.S. markets are set to deliver more than 80 million square feet currently under development. Energy-heavy markets such as Houston are exceptions to this trend, as declining demand stifles the need for new space.
JLL Cincinnati Office Employment Update May 2015Andrew Batson
The office employment sector continued its streak of strong jobs growth, posting an annual net gain of 5,500 jobs according to the latest data from the BLS.
Denyo Manufacturing Corporation, a manufacturer of industrial electric generators located in Danville, Kentucky, announced a nearly $6.9 million investment in its Boyle County plant to modernize its manufacturing processes. The investment will allow the company to construct a new facility housing an advanced coating process to improve product quality and productivity while minimizing environmental impacts. With support from state economic development incentives, the project will help Denyo retain its existing 101 Kentucky jobs.
This is a flyer for the event "A Taste of 1862" planned for Saturday, October 6, 1862. Dinner will be served at 6:30 pm; dancing will begin at 8:00 pm. Tickets are $25 per person. Proceeds will benefit the continued preservation of Perryville's Merchants Row.
This is a results and outcomes recap of the second program year of the KentuckyUnited state marketing cooperative led by the Kentucky Association for Economic Development. The Danville/Boyle County Economic Development Partnership is a Level 1 Sponsor of and active participant in the program through the Bluegrass South Regional Economic Development Coalition.
The Danville/Boyle County Convention and Visitors Bureau issues this presentation as a guide to where the organization would like to see Danville go in terms of signage, greenspace, and streetscape!
Kasturi Basu, a teacher at Russo/McEntee Academy in East San Jose, received the November KBAY Teacher of the Month award. She used a grant from the Silicon Valley Education Foundation to take her students to visit NASA-Ames Exploration Encounter, allowing them to experience hands-on science learning outside the classroom. The trip was intended to motivate students, especially underrepresented minorities, to develop a passion for science and consider careers in STEM fields. Russo/McEntee Academy serves a low-income population, and this opportunity provided experiential learning to support the students' academic development.
Minneapolis–St. Employment Update | December 2015Carolyn Bates
The local unemployment rate of 2.9% has hit its lowest point since 2001. Coupled with year-over-year labor force growth of 34.2 thousand jobs, Minneapolis-St. Paul currently has one of the strongest economies of any major metro in the United States.
As is typically the case, MSP’s office-using sectors dominated hiring by taking 48.0 percent of the 12-month total employment growth, while the industrial sectors experienced a loss of 1.8 percent.
At the national level, monthly growth of 211,000 jobs over the course of November represented the second consecutive month of rebound after a slowdown in mid-2015. At the current rate of growth, a mid-to-late-2016 timeframe seems likely for the first stage of tightening.
Columbus Region employment increases are more than double the rate of state and national levels. Year-over-year comparisons for the Region also top state and U.S. increases.
Minneapolis–St. Paul Employment Update | August 2016Carolyn Bates
According to the most recent BLS estimates, Minneapolis-St. Paul’s unemployment has ticked up from last month’s 3.1%, yet still sits comfortably below the 4 percent mark. Having the second-lowest unemployment rate in the nation among all large metros offers its own challenges as employers prepare for a potentially looming talent shortage.
Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. Approximately 6,000 jobs have been added in the industry year-over-year.
The U.S. economy saw the addition of 255,000 net new jobs in July, the second consecutive month of healthy additions after a volatile first quarter and next to no growth in May.
Nationally, average weekly wages continue to rise at an annual clip of 2.6 percent, more than double inflation at 1.0 percent. This will boost disposable income and, in turn, personal consumption that drives GDP.
Nonfarm payrolls increased by 151,000 in October as gains occurred in mining and several service industries. The unemployment rate held steady at 9.6%. Since December 2009, nonfarm payrolls have risen by 874,000 and private sector payrolls have increased by 1.1 million. Temporary help services and health care continued adding jobs while retail trade saw increases in auto dealers and electronics stores. The average workweek for all private sector employees rose slightly to 34.3 hours.
Columbus MSA employment was up 8,200 (0.8 percent) from March to June, ahead of Ohio’s increase of 0.4 percent and the U.S. increase of 0.6 percent, according to the Q2 economic update report produced by Columbus 2020. Going into the second half of the year, unemployment in the Columbus Region continued to decline at 4.6 percent, compared to June state and national rates of 5.5 and 6.1, respectively.
Minneapolis–St. Paul Employment Update | September 2016Carolyn Bates
Minneapolis-St. Paul has the second-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
Financial services has reached its largest-ever employment count in MSP. The sector has seen steady gains since 2010 and even surpassed pre-Recession highs earlier this year. And once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. Nearly 6,000 jobs have been added in the industry year-over-year.
Nationwide, 151,000 net new jobs were created in August, falling below the 250,000+ monthly additions over the previous two months. Although still at average levels of growth, August demonstrated the continued volatility of the labor market in 2016. Unemployment remained stable at 4.9 percent as growth in the workforce has aligned with employment gains. The Federal Reserve is likely to hold off on the next rate hike due to inconsistent monthly additions and weaker-than-expected wage growth.
Minneapolis–St. Paul Employment Update | February 2016Carolyn Bates
According to the most recent estimates from the Bureau of Labor Statistics, total nonfarm employment in Minneapolis-St. Paul stood at 1.95 million payrolls, representing an annualized increase of 34,000 jobs or 1.8 percent.
MSP’s office-using sectors accounted for 44.7 percent of the 12-month total employment growth. Non-office sectors, in particular education and healthcare, were the largest job creators of 2015. And year-over-year, the industrial sectors experienced a job loss of 8.2 percent, largely due to contractions in trade, transportation & utilities.
At the national level, 2016 began on a relatively soft note, with only 151,000 net new jobs created during the month. In comparison, the six-month average totals 214,500 new jobs.
Hourly wage growth remains steady at 2.5 percent as inflation is flat and labor shortages, particularly for educated workers and in many metro areas, are becoming more apparent.
Office demand in Pittsburgh will be muted over the coming year as office-using employment sectors experienced uneven results, with an annual loss of 4,400 jobs. While total non-farm employment increased by 9,200 jobs and unemployment decreased, the largest job losses occurred in the financial activities sector which declined by 2,700 jobs year-over-year.
Minneapolis–St. Employment Update | November 2015Carolyn Bates
The local labor force has declined slightly since July’s peak, but year-over-year numbers show an increase of over 35,000 non-farm jobs since September 2014.
As is typically the case, MSP’s office-using sectors dominated the hiring by taking 45.9 percent of the 12-month total employment growth while the industrial sectors accounted for 2.3 percent of the annual growth.
Minneapolis–St. Employment Update | April 2016Carolyn Bates
The Minneapolis-St. Paul metro has achieved its largest total employment and labor force in its history: 1.89 million people are now employed in the region, according to the most recent estimates available from the BLS.
Educational and health services were responsible for the largest share of Minneapolis-St. Paul’s 12-month employment growth, adding 11.3 thousand jobs. Continuing the trend of recent months, industrial sectors once again outperformed office sectors, contributing 25.4% of total growth compared to office’s contribution of 23.%.
At the national level, March employment growth was slightly lower than February, but still strong with 215,000 net new jobs. Unemployment ticked up slightly to 5.0 percent as labor force participation rose to 63.0 percent. At the subsector level, goods-producing segments such as manufacturing fell into contractionary mode, while education, health and retail continue to surpass professional and business services (PBS).
Minneapolis–St. Employment Update | March 2016Carolyn Bates
Minneapolis-St. Paul’s unemployment rose to 3.9 percent, according to the most recent estimates available from the BLS. Although still 100 basis points lower than the national rate, this month is the first time since July 2015 that the metro unemployment rate is higher than the state of Minnesota’s.
Industrial sectors were responsible for 26.7 percent of the 12-month total employment growth, outperforming office-using sectors which saw 19.6 percent of total growth. Trade, transportation, and utilities added 3,200 jobs year-over-year and drove the bulk of industrial growth throughout 2015.
Although national year-to-date figures are down compared to 2015, January saw significant upward revisions to 172,000 jobs, improving the year’s initial performance. Despite global tensions and economic shifts, the U.S. economy seems to be holding its own, although certain sectors such as energy and trade could be impacted by fluctuations in domestic and international demand.
Minneapolis–St. Paul Employment Update | January 2016Carolyn Bates
The local unemployment rate of 2.7% has once again hit its lowest point since 2001. Coupled with a monthly labor force growth of 10.3 thousand jobs, Minneapolis-St. Paul currently has one of the strongest economies of any major metro in the United States.
As is typically the case, MSP’s office-using sectors dominated hiring by taking 34.9 percent of the 12-month total employment growth, while the industrial sectors experienced a gain of 8.1 percent.
At the national level, 2015 ended on a very high note, with December gaining 292,000 net new jobs and revisions in October and November resulting in a three-month increase of 851,000 jobs.
The national rise in hourly earnings by 2.5 percent is significantly more meaningful, which will likely lead to accelerated GDP growth from the end of 2015 and into 2016 as consumer spending elsewhere pushes up the largest component of output: personal consumption expenditures.
Fairfax County FY2012-FY2014 Budget ForecastFairfax County
At the Fairfax County Board of Supervisors’ Budget Committee Meeting on Oct. 26, 2010, also attended by the Fairfax County School Board, a financial forecast was given by Deputy County Executive Edward L. Long Jr., The slides show that the future of the local economy is uncertain and there remain many challenges ahead.
This was a presentation on Budget Changes in the Direct Tax Regime at Ellisbridge Study Circle. Budget 2011 Direct Tax changes were covered in an exhaustive manner.
Minneapolis-St. Paul employment update | December 2016Carolyn Bates
•Minneapolis-St. Paul has the fourth-lowest unemployment rate in the nation among all large metros, according to the most recent BLS estimates.
•Once again, MSP achieved record-breaking employment totals for professional and business services, a fundamental component to the metro’s economic growth. A net total of 8,800 jobs have been added in the industry year-over-year (Y-O-Y).
•While office-using sectors were responsible for 52% of growth this month, educational and health services continue to drive regional employment gains and currently account for 37% of Y-O-Y job growth.
•Nationwide, unemployment dropped by 30bp to a cyclical low of 4.6 percent. This is possible by consistent job growth and a slight decline in the labor force participation rate to 62.7 percent.
•With continued wage growth and inflation now at 1.6 percent, nearing the Federal Reserve’s 2.0-percent target and unemployment at its lowest point since August 2007, the stage has been set for a rate hike by the end of the year.
Class A vacancy once again has dipped below that of Class B properties as a number of tenants opt for more modern and newer space, compelled by improving economic conditions.
THE EMPLOYMENT SITUATION -- DECEMBER 2011
Nonfarm payroll employment rose by 200,000 in December, and the unemployment rate,
at 8.5 percent, continued to trend down, the U.S. Bureau of Labor Statistics
reported today. Job gains occurred in transportation and warehousing, retail trade,
manufacturing, health care, and mining.
Similar to Boyle County Employment Report, Q2 2011 (20)
This document summarizes business and industry project activity in Boyle County, Kentucky from 2008 to 2013. It lists over 20 companies, their products, investments, number of employees, and status of projects. Total capital investment was over $201 million, creating over 1,000 jobs. The majority of projects were expansions by existing companies in the county. A few large, new projects currently in process could bring hundreds of additional jobs and over $100 million in new investment to the local economy.
Danville, Kentucky is an attractive community for businesses due to its prime location, low cost of living, multiple educational institutions, and highly-skilled workforce. Visitors will find a thriving Main Street, tourist attractions known worldwide, and unparalleled business services. The document encourages businesses to book trips to see firsthand why doing business is better in Danville.
The Kentucky Historical Society has launched a new tour of historic downtown Danville on their "Explore Kentucky History" smartphone app. The Danville tour includes 19 historical markers within walking distance of the downtown area that highlight Kentucky's pioneer past, founding, early medicine, education, the Civil War and more. It is the first community-based tour on the app and is meant to serve as an example for other local groups to create their own tours. The app combines historical markers with items from the KHS collections and community-submitted materials to tell Kentucky's story through interactive mapped points of interest.
This is a media release from the Kentucky State Police regarding planned road closures in the Danville area for the Vice Presidential Debate on October 11, 2012.
The Heart of Danville Main Street Program has announced a new president, Bill Pollom, who is currently the Vice President of Business Development at Farmers National Bank. The announcement details the current slate of officers which will lead the organization. Pollom says he is grateful for the work of the previous president and that the Heart of Danville will continue to provide guidance and work with economic development partners to benefit Danville and Boyle County. The interim executive director says Pollom understands the importance of the Main Street program and its role in preserving the quality of life in the downtown community.
This is the 8-13-12 media release from the Office of Governor Steve Beshear regarding the expansion of Green Boiler Technologies in Danville, Kentucky.
The document is a letter from an unnamed individual to the Mayor and Commissioners of Danville, Kentucky urging them to approve the city's $120,000 appropriation to the Danville/Boyle County Economic Development Partnership without earmarking the funds for a specific purpose. The letter argues that earmarking funds has never been a condition of previous appropriations, singles out the EDP, and could be abused by future administrations. It also states that earmarking limits the EDP Board's discretion and budgeting responsibilities, and that distinguishing between business development and operational funds is a false choice as all funding pursues economic development.
The document describes a 334,400 square foot former glass manufacturing facility for sale located in Danville, KY. The property includes over 300 acres of land, multiple large warehouse and industrial spaces, office space, loading docks, rail access, and is close to major highways. Contact information is provided for two representatives from the commercial real estate firm handling the sale.
This is a chart of the Danville/Boyle County Economic Development Partnership's organizational structure, including the Boyle County Industrial Foundation, Danville/Boyle County Chamber of Commerce, Heart of Danville, Main Street Perryville, and Danville/Boyle County Convention & Visitors Bureau.
This is the Kentucky Cabinet for Economic Development's March 1, 2012 media release announcing SITE Selection magazine's new and expanded business project rankings for 2011. SITE Selection ranked Kentucky #8 among all states and the Danville Micropolitan Area #13 among all micros for new/expanding business project announcements. Source: SITE Selection, March 2011 edition.
This is the January 27, 2012 media release announcing the planned relocation of Elmwood Inn Fine Teas' wholesale offices and packaging facility to downtown Danville.
This is an analysis of additional factors impacting the population and retail trade area of Danville/Boyle County, Kentucky, that are critical to commercial development.
This is the 12-13-11 joint media release from Denyo Manufacturing Corporation and the Danville/Boyle County Economic Development Partnership announcing the relocation of Denyo's North American headquarters from Los Angeles, California, to Danville, Kentucky.
Ferm Solutions Inc., a bioscience company located in Danville, KY, announced plans to expand their facility by adding a 3,750 square foot Technology Center and creating 5 new high-tech jobs over the next two years. The $1 million expansion will be funded by a $75,000 forgivable loan from the state and a $25,000 grant from the city. The expansion will house an advanced lab, training center, and facilities to support customers and develop new products. Ferm Solutions worked with state and local economic development officials to secure funding to allow them to remain and grow in Danville.
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1. ECONOMIC DEVELOPMENT PARTNERSHIP
Boyle County Quarterly Employment Report: Q2, 2011
Based upon the confidential quarterly report provided to the Boyle County Industrial Foundation
(BCIF), the Danville/Boyle County Economic Development Partnership (EDP) presents to
our Partners and community stakeholders the following general employment data for Boyle County
for Q2 2011 (April 1 – June 30) with comparisons to the past quarter as well as to the previous three
years.
INDUSTRIAL EMPLOYMENT: The BCIF monitored employment for 17 Boyle County
industries that employ 25 or more employees. Philips Lighting Company was retained in this
quarter’s report solely to maintain consistent data for the previous quarter, but will no longer be
included as its employment has fallen below the threshold level for inclusion. Employment data
among those industries is self-reported through the Danville/Boyle County Industrial Council,
composed of local industrial managers. Current and past quarter employment levels are as follows:
Q2—2011 Q1—2011 Net Change
3,039 3,050 - 11
On the whole, Boyle County’s industrial employment remained flat in Q2. The second quarter
concludes the traditionally lower-volume period experienced in the first half of the calendar year by
many of Boyle County’s industrial employers. One local manufacturer continued its reduced
production and employment until excess inventory is exhausted. However, this same company
plans to make a large capital investment in its Danville facility over the next three (3) years, which is
a strong sign of its local commitment. At the same time, one of Boyle County’s larger distribution
centers continues hiring to keep pace with its business volume, while another local manufacturer
received corporate approval and state incentives to expand its Danville plant through construction
of a new addition that will increase its production capacity. Also, the new Meggitt Aircraft Braking
Systems’ distribution center began the hiring process for its management team and initiated interior
reconstruction of its facility at 120 Corporate Drive.
Comparing the status of Boyle County’s industrial employment as of June 30, 2011, with previous
employment levels in the previous three years (2008 – 2010), Q2 yields the follow comparisons:
Q2—2011 Q2—2010 Q2—2009 Q2—2008
3,039 3,208 3,382 3,811
Net Changes: - 169 - 343 - 772
With BCIF’s compilation of consistent job data on a quarterly basis since 2008, it is now possible to
view the local impact to industrial jobs since the downturn of the national economy began in that
2. Page 2
year. Because the slide in local job losses commenced after Q2 2008, the three-year differential of
772 less jobs in Boyle’s industrial sector is the extent of the impact to the industries monitored in
this report.
NON-INDUSTRIAL EMPLOYMENT: The BCIF tracks the self-reported employment of
eleven (11) non-industrial employers, in both private and public sectors, with over 100 employees.
BCIF tracks health care, retail, education, banking, government, and transportation sectors. Current
and past quarter employment levels are as follows:
Q2—2011 Q1—2011 Net Change
3,818 3806 +12
Likewise, non-industrial employment remained level.
TOTAL OVERALL EMPLOYMENT: In light of the above statistics, the total employment
numbers for Boyle County in Q2 2011 is as follows:
Q2—2011 Q1—2011 Net Change
6,857 6,856 +1
OVERALL LABOR FORCE STATISTICS: For all sectors of the Boyle County economy, the
Kentucky Office of Employment & Training reports the following data for Boyle Countians in the
most recent quarters available:
Jun ’11 (Q2) Mar ’11 (Q1) Change
Employed 11,588 11,364 + 224
Unemployed 1,585 1,524 + 61
Unemployment Rate 12.0% 11.8% - 0.2 %
The June 2011 labor force statistics show a promising rate of growth of employment in all Boyle
County jobs that is almost four times that of unemployment.
Unemployment rates in surrounding counties for June 2011 were as follows: Mercer, 10.2%;
Garrard, 10.4%; Lincoln, 12.6%; Casey, 10.1%; Marion, 10.0%; and Washington, 10.3%. A map of
unemployment rates for all Kentucky counties for June 2011 may be viewed at:
http://www.workforcekentucky.ky.gov/admin/uploadedPublications/1131_June_11_UR.pdf.
An annual comparison of unemployment rates reveals the following:
3. Page 3
Jun ’11 Jun ‘10 Change
Unemployment Rate 12.0% 12.6% - 0.6%
A map of changes in unemployment rates for all Kentucky counties from June 2010 to June 2011
may be viewed at:
http://www.workforcekentucky.ky.gov/admin/uploadedPublications/1132_June_10_to_June_11_
Change.pdf.
Please contact the EDP if you have any questions or have any suggestions about how this quarterly
report can be more meaningful to you, your organization, or agency.
For more information:
Jody A. Lassiter, JD
President/CEO
Danville/Boyle County Economic Development Partnership
(859) 236-2805
jody@betterindanville.com