Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Fayette | Henderson | Lakes | McCracken | Warren | Webster
Davis Motor Sales banner ad

Federal Reserve Tells Chamber Executive Owensboro’s Economic Outlook is Ahead of the Curve

owensboro chamber blue 300OWENSBORO, Ky. (7/11/13) – “Owensboro’s housing market was relatively unscathed by the recession of 2008,” Federal Reserve Bank of St. Louis Regional Executive Maria Hampton said as she spoke this morning with the Greater Owensboro Chamber of Commerce at its monthly Rooster Booster meeting.
 
Hampton, the guest speaker at the event, discussed the economic outlook of the Owensboro regional community and the also the US. She began by saying that an economist described Owensboro as the “bright spot of Kentucky and the Eighth District,” a view she later said was influencing studies elsewhere in Kentucky about revitalizing local economic growth. In fact, Hampton described the area’s financial agenda and the emerging trends in unemployment, government spending, and long-term finances as mostly positive when compared to trends in other parts of the state and nation.    
 
“Owensboro has weathered the recession much better than Kentucky and the US,” Hampton said, adding that the Owensboro area “didn’t fall as deep” economically as other areas and the area has also come out of financial burden faster than other regions due to the aggressive approaches used.
 
“Your efforts are reflected in the numbers,” she said.
 
The employment rate in the Owensboro area is steadily improving with 195,000 jobs currently with the unemployment rate coming down “sluggishly”, said Hampton.
 
Hampton was optimistic about the economic growth of the area and suggested that Owensboro “stay visionary.”
 
“It’s important to be nimble and forward thinking,” Hampton said.
 
Also during this morning’s meeting, Mayor Ron Payne told the crowd plans are in the works to hold an All-America City event as part of Friday After 5 tomorrow night. The fountain will be set to shoot water at least 60 feet into the air as part of the festivities.
 
The next Rooster Booster meeting will be held Aug. 1.
 
Taylor Riley
SurfKy News

© Copyright 2014 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story by using one of the social media links below.

In Other News...

KSP Investigating Theft Of Equipment

HOPKINS COUNTY, Ky. (4/15/14) — The Kentucky State Police is investigating the theft of equipment belonging to the… Read More

Lions Club Spring Pancake Day

MADISONVILLE, Ky. (4/14/14) — The Madisonville Lions Club will hold its Spring Pancake Day Friday April 25 at the Lions… Read More

Most Read This Week (Site-Wide)

April 15, 2014 15540

UPDATE- U.S. Bank Robbery, Bomb Threat…

in Top Stories by Taylor Riley, SurfKY News Reporter
April 11, 2014 5373

Sheriff's Office Rounds Up Three in Drug…

in Top Stories by Sheriff Curtis McGehee
April 14, 2014 5109

U.S. Bank Hanson on Lockdown Due to Bomb…

in Top Stories by Rita Dukes Smith, SurfKY News Director
April 14, 2014 4866

Pedestrian Killed During Two Vehicle…

in Top Stories by Chris E. King
April 11, 2014 4384

Greenville Police Confirm Official…

in Top Stories by Paul McRee, SurfKY News Reporter

Most Read Stories from Hopkins County

April 14, 2014 4866

Pedestrian Killed During Two Vehicle…

in Top Stories by Chris E. King
April 13, 2014 4166

One Dead in Two Vehicle Head On Collision

in Top Stories by Chris E. King
April 11, 2014 3766

Couple Charged for Trying to Use Funny…

in Top Stories by Madisonville Police Department
April 12, 2014 2655

One Injured in Two Vehicle Accident in…

in Top Stories by Rita Dukes Smith, SurfKY News Director
April 11, 2014 2455

Hopkins County Crime Stoppers Tip Leads…

in Top Stories by Madisonville Police Department

Most Read Stories from Owensboro

April 14, 2014 1114

Grow Garden Grow - Spring Has Sprung

in News by Barbara Cecil Russ
April 13, 2014 806

Two Daviess County Men Busted for…

in Top Stories by Scott Gibbs
April 11, 2014 710

Business Spotlight: Local Entrepreneur…

in Top Stories by Dennis Beard, SurfKY News
April 11, 2014 469

Daviess County Student Honored in KDA…

in Top Stories by Ted Sloan
April 14, 2014 452

Owensboro Health Hosts Tours for…

in Top Stories by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

April 11, 2014 5373

Sheriff's Office Rounds Up Three in Drug…

in Top Stories by Sheriff Curtis McGehee
April 11, 2014 4384

Greenville Police Confirm Official…

in Top Stories by Paul McRee, SurfKY News Reporter
April 11, 2014 3559

Meteorologist Hart Shares Weather Tips,…

in Top Stories by Paul McRee, SurfKY News Reporter
April 13, 2014 2137

Muhlenberg 4-H is Buzzing

in Top Stories by Janie Culton
April 14, 2014 1476

MCC Staff Shares Good News with…

in Top Stories by Paul McRee, SurfKY News Reporter

SurfKY News Group, Inc. Central Office & Printing Division
1125 Nebo Rd.  •  Madisonville, KY 42431  •  270.452.2249 (fax)
Main Number: 270.452.2727 (phone)  •  Printing Division Direct Line: 270.821.8600 (phone)

SurfKY Owensboro News Bureau
920 Frederica St. / Suite 210  •  Owensboro, KY 42301  •  270.683-8060 (phone)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social 06social 21social 22social 04social 03