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

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 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 This material may not be published, broadcast, or rewritten without permission.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 on social media.

Most Read This Week

March 27, 2015 5519

Three Arrested during Execution of Search…

by Madisonville Police Department/Hopkins County Detention Center
March 25, 2015 5240

Fazoli's, Roses Coming to Madisonville

by Amber Averitt, SurfKY News
March 24, 2015 5057

One Dies, Another Injured in Mortons Gap Traffic…

by Deputy Heath Owens
March 25, 2015 4989

Grand Jury Finds No Criminal Wrongdoing in Bean…

by Doreen Dennis, SurfKY News
March 24, 2015 4182

UPDATE: One Injured in Hopkinsville Road Accident

by Doreen Dennis, SurfKY News
March 25, 2015 3949

Madisonville Man's Living Room Leap Lands Him in…

by Madisonville Police Department / Hopkins County Detention Center

Most Read This Month

March 09, 2015 13373

Multi-Agency Drug Bust Results in $1 Million Meth…

by KSP DESI
March 02, 2015 11523

Madisonville Teen Faces Numerous Drug Charges

by Madisonville Police Department/Hopkins County Detention Center

Stories Trending Today

March 28, 2015 2146

Young Child Dies in Princeton Fire

by Chris Rogers, KSP
March 28, 2015 1192

Tractor Trailer Takes Out Guardrail on I-69,…

by Doreen Dennis, SurfKY News
March 28, 2015 1027

VIDEO: Shoe Charity Expands to 'Sweet Sixteen'…

by Gary Gates, SurfKY News
March 28, 2015 728

Commission Hears More Proposals for Subdividing…

by Tammy Holloway, SurfKY News
March 28, 2015 697

Independence Bank Scholarship Reception Held…

by Lynnsie Fulkerson
March 27, 2015 647

KSP Charges Jefferson County Man with Possession…

by Kentucky State Police
March 27, 2015 631

Alltech Brewing and Distilling Academy Launches…

by Danielle Palmer
March 27, 2015 553

It's Not Too Late to Get a Flu Shot

by Beth Fisher
March 28, 2015 503

Four Roses to Build Bottling Facility in Bullitt…

by Office of the Governor
March 28, 2015 473

Happenings and Meetings - Hopkins County

by Amber Averitt, SurfKY News