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 This material may not be published, broadcast, or rewritten without permission.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

In Other News...

Superheroes ‘Bowl for Kids Sake’

MADISONVILLE, Ky. (4/25/15) — The 29th annual Bowl for Kids Sake took place at Melody Lanes on at Saturday, April 25.… Read More

Happenings and Meetings - Hopkins County

HOPKINS COUNTY, Ky. (4/25/15) ― The following meetings and events are scheduled for the following week: Camper… Read More
1 DOW 18,080.14
+21.45 (0.12%)    
2 S&P 2,117.69
+4.76 (0.23%)    
3 NASDAQ 5,092.08
+36.02 (0.71%)    

Most Read This Week

April 17, 2015 12503

An Open Letter from an Addict

by Olivia Kirks
April 23, 2015 7667

Man Charged with Sodomy, Incest/Victim under 12

by SurfKY News
April 18, 2015 5832

Man Charged with Attempting to Coerce Minor for…

by Madisonville Police Department
April 20, 2015 4951

Nortonville Woman Charged with Meth Possession at…

by Madisonville Police Department
April 24, 2015 4264

UPDATE: Police Can't Substantiate Injured Man…

by Doreen Dennis, SurfKY News

Most Read This Month

April 17, 2015 12503

An Open Letter from an Addict

by Olivia Kirks
April 02, 2015 8856

UPDATE: Madisonville Man Injured in Head-on…

by Doreen Dennis, SurfKY News

Stories Trending Now

April 25, 2015 1330

Above and Beyond: Wade Simons

by Gary Gates, SurfKY News
April 24, 2015 1037

Elementary Girls in Good GRACES with Unique…

by Tammy Holloway, SurfKY News
April 25, 2015 945

Planning Commission Approves Zoning Amendments…

by Tammy Holloway, SurfKY News
April 25, 2015 895

Superheroes ‘Bowl for Kids Sake’

by Tammy Holloway, SurfKY News
April 26, 2015 835

New Drug Helps Farmer with Parkinson's Return to…

by Laura Dawahare
April 25, 2015 830

Webster County Traffic Advisory

by Keith Todd
April 25, 2015 770

Focus on Hopkins County: Interview with Sheriff…

by Tim Thomas
April 25, 2015 744

Tobacco Quitline Callers Eligible for Extra…

by Beth Fisher
April 25, 2015 694

Happenings and Meetings - Hopkins County

by Amber Averitt, SurfKY News
April 25, 2015 685

Keeping the Faith - 'To Die Trying'

by Ronnie McBrayer