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 This material may not be published, broadcast, or rewritten without permission.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

In Other News...

Four Injured after Vehicle Careens down Embankment, Strikes Culvert

MADISONVILLE, Ky. (10/12/15) — The Hopkins County Sheriff's Office responded to a two-vehicle accident Sunday afternoon… Read More

'Book It!’ Pumpkin Run to be Held Oct. 31

MADISONVILLE, Ky. (10/12/15) — There will be a “Book It!” Pumpkins Run, a 5K run/walk and one-mile fun walk, as part of… Read More

Most Read This Week

October 10, 2015 6662

25-Mile Car Chase on Pennyrile Ends in Two Arrests

by SurfKY News
October 07, 2015 5118

Alleged Attempt to Hide Meth in Doughnuts Results…

by SurfKY News
October 07, 2015 3447

3 From Greenville Indicted On Drug Charges

by SurfKY News
October 07, 2015 3438

Vehicle Overturns during Two-Car Collision

by Rita Dukes Smith, SurfKY News Director
October 12, 2015 2994

Crime Stoppers Top Most Wanted - October 12, 2015

by SurfKY News

Most Read This Month

September 16, 2015 13935

Mining Accident Fatality - Update

by Doreen Dennis, SurfKY News
September 30, 2015 12019

Dawson Woman Dead After Princeton Factory…

by SurfKY News

Stories Trending Now

October 12, 2015 2994

Crime Stoppers Top Most Wanted - October 12, 2015

by SurfKY News
October 12, 2015 1830

MPD Foot Patrol Charges Man with Trafficking in…

by SurfKY News
October 12, 2015 1757

Four Injured after Vehicle Careens down…

by SurfKY News
October 12, 2015 1750

Two-Vehicle Collision Results in One Driver…

by SurfKY News
October 12, 2015 1392

Kentucky Health Co-op Closing Due to Congress…

by SurfKY News
October 12, 2015 1289

Driver Dies after Single-Vehicle Collision on…

by SurfKY News
October 13, 2015 1089

BBQ Champs Chosen during Hanson Lions Blast-off

by Tammy Holloway, SurfKY News
October 12, 2015 1068

UPDATE: KSP Captures Escapee

by SurfKY News
October 12, 2015 984

Madisonville Police Arrest Reports Released -…

by SurfKY News
October 12, 2015 680

PPD Request Public's Help Finding Missing Juvenile

by SurfKY News