Pick Your Community: | Hopkins | Muhlenberg | Daviess | Christian | Henderson | Lakes | McCracken | 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 This material may not be published, broadcast, or rewritten without permission.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...

Teacher Appreciation at Land Between The Lakes

GOLDEN POND, Ky. (9/1/14) — Land Between The Lakes National Recreation Area offers teachers free general admission to… Read More

NAMI Support Group Hosting Centerstone Meeting in September

MURRAY, Ky. (8/30/14) — The Mental Illness Support Group for families and friends of persons suffering from mental… Read More

Most Read This Week (Site-Wide)

August 29, 2014 8198

Luke's Flea Market Vendors' Home Away…

in News by Charles W. Riley II, SurfKY News
August 28, 2014 7549

Police Pursuit Spans Parts of Northern…

in Top Stories by Alex Piper, MCSO
August 30, 2014 7545

One Hospitalized After Officer-Involved…

in Top Stories by Charles W. Riley II, SurfKY News
August 31, 2014 4736

Passenger in Officer-Involved Shooting…

in Top Stories by Rita Dukes Smith, SurfKY News Director
August 29, 2014 3935

Business Spotlight - Magical Memories…

in Top Stories by Charles W. Riley II, SurfKY News

Most Read Stories from Hopkins County

August 30, 2014 3187

Ponderosa Madisonville to Donate 10…

in Top Stories by Rita Dukes Smith, SurfKY News Director
August 30, 2014 1303

City of Madisonville Says 'Goodbye' to…

in Top Stories by Amber Averitt, SurfKY News
August 29, 2014 894

MCC Announces New Board Members

in Top Stories by Joyce Riggs
September 01, 2014 880

Hopkins County Misdemeanor Indictments

in Top Stories by Karen McKnight
August 29, 2014 579

Trover Health Endowment Reaches $100,000…

in Top Stories by Joyce Riggs

Most Read Stories from Owensboro

August 29, 2014 2561

Daviess County Sheriff’s Office Activity…

in News by Dennis Beard, SurfKY News
August 29, 2014 2475

Owensboro Police Department Activity…

in News by Dennis Beard, SurfKY News
August 28, 2014 2186

Downtown Trolley to Run on Labor Day

in News by Abby Shelton
August 30, 2014 1675

Owensboro Traffic Advisory

in News by Keith Todd
August 28, 2014 1463

Daviess County Sheriff’s Office Activity…

in News by Dennis Beard, SurfKY News

Most Read Stories from Muhlenberg County

August 28, 2014 7549

Police Pursuit Spans Parts of Northern…

in Top Stories by Alex Piper, MCSO
August 29, 2014 3935

Business Spotlight - Magical Memories…

in Top Stories by Charles W. Riley II, SurfKY News
August 28, 2014 3592

Another Greenville Home Invasion Being…

in Top Stories by Wes Miller, GPD
August 28, 2014 2357

Whitfield, Yonts Pay Tribute to Bob and…

in Top Stories by Paul McRee, SurfKY News
August 28, 2014 2257

Stanton Barrett's NASCAR Mustang Gets…

in Top Stories by Charles W. Riley II, SurfKY News

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 03social 04social 22social 21social 06