Some 10,000 people submitted applications for 90 jobs being added at General Electric’s Appliance Park facility, according to a report in The (Louisville) Courier-Journal. The positions, which will pay around $27,000 per year plus benefits, are being added to staff a new second shift that will handle the assembly of Energy Star certified washing machines. GE currently has approximately 2,100 hourly workers at Appliance Park, in addition to 2,000 white-collar positions.
After experimenting with nighttime racing this past summer, Churchill Downs has decided to install permanent lights at its famous Louisville racetrack. “We found our racing fans loved the experience and Churchill Downs is trying new ideas to bring different types of fans to our iconic track,” said Churchill Downs’ Track President Kevin Flanery. The track’s first-ever night racing events were held on June 19, June 26 and July 2, 2009. The average attendance each of the three nights was 29,705 with 33,481 in attendance the final evening, bringing the total attendance for the three nights of racing to 89,115.
The board of directors for Louisville-based Yum! Brands Inc. has approved an 11 percent increase in the company’s quarterly dividend and authorized $300 million in share repurchases. Yum Chairman and CEP David Novak said the company’s “global growth potential, consistent performance and track record of generating strong free cash flow give us the confidence and ability to return significant cash to our shareholders even in these challenging economic times.” Novak noted that the most recent dividend increase to 21 cents per share, which went into effect Nov. 6, marks the company’s fifth annual increase. Yum is the parent company of KFC, Long John Silver’s, Pizza Hut, Taco Bell and A&W Restaurants.
ResCare Inc., a Louisville company that provides education and services to people with special needs, has acquired the assets of All Quality Care, a New Jersey home care agency. All Quality Care serves approximately 220 people in 10 counties and has annual revenues of approximately $5 million. ResCare serves more than 65,000 people in 39 states; Washington, D.C.; Puerto Rico and seven international locations.
According to the results of a recent study of 2008 data, Louisville International Airport (SDF) and Bowman Field (LOU) comprise the largest employment center among private operations in the Louisville area. According to the survey’s results, Louisville’s airports helped generate 55,608 jobs and nearly $2 billion in payroll, over $5.6 billion in economic activity, and more than $277 million in state and local tax revenues. In 2008, Louisville International Airport handled more than 3.6 million passengers; 158,356 landings and take-offs; and 4.3 billion pounds of cargo, making it the third-largest cargo airport in North America and ninth in the world. The volume of goods shipped through Louisville International Airport more than quadrupled from 1986 to 2008. Bowman Field, an essential reliever airport for Louisville International Airport and a key component of the community’s airport system, handled more than 82,000 landings and take-offs in 2008.