Home » The Lane Links — A daily digest of Kentucky business news you want to know

The Lane Links — A daily digest of Kentucky business news you want to know

By Lorie Hailey
The Lane Report

Looking for a job in the auto industry? If you’re willing to relocate, you may be in luck.

Volkswagen is conducting a national search in the United States to fill 1,000 jobs at its new plant in Chattanooga, Tenn., according to the Associated Press, and a major auto parts supplier plans to create hundreds of jobs in West Virginia. READ THE FULL STORY.

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Gov. Steve Beshear on Wednesday signed into law a bill that he said would save Kentucky employers millions of dollars in higher federal unemployment insurance taxes, reports the Associated Press.

House Bill 495 would allow the state to issue revenue bonds to pay the first three years of interest on $963 million in federal loans that kept the state’s unemployment insurance program operating during the recession. READ THE FULL STORY.

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The Kentucky Transportation Cabinet is seeking input from community members to help design three possible routes for a new bypass connecting Veterans Memorial Parkway and Bypass Road in Winchester. When creating alternate designs, a local road committee tried not to disrupt businesses, homes, property lines and utility lines, according to the Winchester Sun. READ THE FULL STORY.

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The city of Williamstown in Northern Kentucky is looking ahead to the future, envisioning a revitalized downtown, beautification and tourism development.

A recent community meeting at Williamstown High School outlining a proposed master plan to shape the city’s development, reports the Grant County News. READ THE FULL STORY.

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Manufacturing companies in northern Kentucky are working together to develop a plan that will address the shortage of skilled labor in the area. The Northern Kentucky Industrial Park Industry Partnership said it plans to use a $65,000 grant from the state Office of Employment and Training to help implement a twofold program. READ THE FULL STORY.

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A $7.6 billion federal program to help homeowners avoid foreclosure had spent just 3 percent of its money almost two years after the program was announced, according a report released today by the Office of the Special Inspector General.

USA Today reports the Troubled Asset Relief Programs suffered delays because of lack of planning by the U.S. Treasury Department and slow uptake by mortgage loan servicers and mortgage giants Freddie Mac and Fannie Mae.

READ THE FULL STORY.

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Hiring remains weak even as growth continues to pick up and inflation remains in check, reports the Associated Press.

Jobless benefits rose 13,000 to a seasonally adjusted 380,000 for the week ended April 6, suggesting that a hiring slowdown in March may not quite have ended. But, the U.S. trade deficit fell to $46 billion in February, the lowest in four months.

READ THE FULL STORY.