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 This material may not be published, broadcast, or rewritten without permission.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

August 31, 2015 6588

Man Convicted of Hopkins Countian's Death Granted…

by Doreen Dennis, SurfKY News
August 27, 2015 4945

All is Well after MNHHS Lockdown

by Doreen Dennis, SurfKY News
September 02, 2015 4242

Madisonville Gaining Two New Businesses

by Ron Sanders
August 30, 2015 3884

UPDATED: 'He Fought the Law ... but, the Law Won'

by Doreen Dennis, SurfKY News
August 27, 2015 2863

Kentucky Career Center Blood Drive Aug. 31

by SurfKY News

Most Read This Month

August 06, 2015 18875

Muhlenberg Woman Reportedly Suffers Violent…

by SurfKY News
August 24, 2015 11921

Teen Reports Slasher Attempted to Attack Him on…

by Doreen Dennis, SurfKY News

Stories Trending Now

September 02, 2015 4242

Madisonville Gaining Two New Businesses

by Ron Sanders
September 02, 2015 2005

Investigation Leads to Meth Trafficking Charge

by SurfKY News
September 01, 2015 1600

Small Business Tax Credit Workshop

by SurfKY News
September 02, 2015 1535

Woman Allegedly Passed Out at Wheel Charged with…

by SurfKY News
September 01, 2015 1459

Traffic Stop Leads to Meth Charge for Driver

by SurfKY News
September 02, 2015 1458

UPDATE: Missing Teen Located

by SurfKY News
September 01, 2015 1358

Central City Gospelfest Planned for September 2

by SurfKY News
September 01, 2015 1215

Hopkins District Court Fines Handed Down

by SurfKY News
September 01, 2015 1206

Madisonville Police Arrest Reports Released -…

by SurfKY News
September 01, 2015 1106

Governor Lauds Launch of Kentucky's New I-Way

by SurfKY News