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

e-max.it: your social media marketing partner

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 This material may not be published, broadcast, or rewritten without permission.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

Posted on 2/2/14
3/13 - 16
3/13 - 16

Most Read This Week

July 27, 2015 5744

Death of Central City Man in Dawson Springs Under…

by SurfKY News
July 27, 2015 3753

School System Announces Free Lunch/Breakfast at…

by SurfKY News
July 30, 2015 3040

Webster Man Leads Police on Chase through Parts…

by SurfKY News
July 31, 2015 3004

Miss Hopkins County Fair 2015 Chosen

by Tammy Holloway, SurfKY News
July 28, 2015 2481

Hanson, Owensboro, Bowling Green Youths Win at…

by Tammy Holloway, SurfKY News

Most Read This Month

July 02, 2015 19842

Emergency Response Team on Scene of Standoff on…

by Doreen Dennis, SurfKY News
July 17, 2015 16159

Muhlenberg Most Wanted - Top 10

by SurfKY News

Stories Trending Now

July 30, 2015 3040

Webster Man Leads Police on Chase through Parts…

by SurfKY News
July 31, 2015 3004

Miss Hopkins County Fair 2015 Chosen

by Tammy Holloway, SurfKY News
July 29, 2015 1538

24th Annual Miss Teen Hopkins County Fair Pageant…

by Tammy Holloway, SurfKY News
July 31, 2015 1419

Little Miss, Mister Hopkins County Fair Chosen

by Tammy Holloway, SurfKY News
July 29, 2015 1220

Hanson City Council Discusses Boundaries, Zoning

by Tammy Holloway, SurfKY News
July 30, 2015 1162

UPDATE: Body of Missing 8 Year Old Found; No Foul…

by SurfKY News
July 30, 2015 1057

Madisonville Police Arrest Reports Released -…

by SurfKY News
July 31, 2015 916

State Fair President Commends Hopkins County Fair…

by Tammy Holloway, SurfKY News
July 31, 2015 862

Hopkins District Court Fines Handed Down

by SurfKY News
July 30, 2015 655

Two Teens Face Multiple Charges Including Burglary

by SurfKY News