Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | Webster

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 This material may not be published, broadcast, or rewritten without permission.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...

Accident Results in One Fatality

HENDERSON, Ky. (9/19/14) — Terry Maish, 77, of Henderson, was westbound on US 60E in his 2001 Chevrolet Trailblazer… Read More

DHP White on Main Fundraiser

HENDERSON, Ky. (9/19/14) — White on Main fundraiser for the Downtown Henderson Partnership is coming next Saturday,… Read More

Most Read This Week (Site-Wide)

September 15, 2014 5664

Man Accused of Stealing Rural King…

in Top Stories by MCSO PIO Alex Piper
September 16, 2014 4340

Postal Worker Arrested for Terroristic…

in Top Stories by GPD PIO Wes Miller
September 17, 2014 3156

Two Arrested for Meth After Traffic Stop

in Top Stories by Alex Piper
September 17, 2014 3127

Wanted Man Leads Troopers on Chase…

in Top Stories by Trooper Stu Recke
September 19, 2014 2795

Madisonville Man Among Three Arrested for…

in Top Stories by Muhlenberg Sheriff Curtis McGehee

Most Read Stories from Hopkins County

September 17, 2014 3127

Wanted Man Leads Troopers on Chase…

in Top Stories by Trooper Stu Recke
September 17, 2014 1964

Three Injured in Two-Vehicle Accident

in Top Stories by Kyle Pharris
September 18, 2014 1711

Manitou Man Charged with DUI

in Top Stories by Madisonville Police Department
September 19, 2014 1687

Five Injured in Two-Vehicle Collision at…

in Top Stories by MPD Officer Russell Nichols
September 18, 2014 1559

Vehicle Strikes CSX Train Cars at Crossing

in Top Stories by Trooper Stu Recke

Most Read Stories from Owensboro

September 18, 2014 504

Owensboro's Nathan Morris Has Worldwide…

in Top Stories by Paul McRee, SurfKY News
September 18, 2014 358

9-1-1 Phone Lines

in Top Stories by Michael Hathaway
September 19, 2014 357

Police Searching for Hit-And-Run Driver

in Top Stories by Jennifer Smith, DCSO
September 18, 2014 325

Bearcats Return to Owensboro for…

in Top Stories by Kayla Cruse
September 19, 2014 293

STREET CLOSINGS FOR MONDAY, SEPTEMBER 22

in Top Stories by Abby Shelton

Most Read Stories from Muhlenberg County

September 15, 2014 5664

Man Accused of Stealing Rural King…

in Top Stories by MCSO PIO Alex Piper
September 16, 2014 4340

Postal Worker Arrested for Terroristic…

in Top Stories by GPD PIO Wes Miller
September 17, 2014 3156

Two Arrested for Meth After Traffic Stop

in Top Stories by Alex Piper
September 17, 2014 1141

Muhlenberg Job Corps Support is 'Written…

in Top Stories by Karen Robinson
September 16, 2014 1118

Former 1977 Graduates Speaks at…

in Top Stories by Karen Robinson

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)


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

social 03social 04social 22social 21social 06