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 This material may not be published, broadcast, or rewritten without permission.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

Marshall County Family Wins $1,000 for College with Summer Reading

CALVERT CITY, Ky.(10/31/14) — A Marshall County family is getting a head start on saving for college after… Read More

Calloway HS Student Chosen for U.S. Army All-American Marching Band

CALLOWAY COUNTY, Ky. (10/31/14) — At a ceremony held at Calloway County High School on Thursday Oct. 30, 2014, Letitia… Read More

Most Read This Week

October 31, 2014 11558

Son Charged with Murder of His Family, Kidnapping

in Top News For All Sites Touching Hopkins by Dennis Thomas
October 27, 2014 6302

Earlington Woman Charged With Burglary for…

in Local (Hopkins) Top News by Madisonville Police Department
October 29, 2014 5075

Central City Businessman Indicted by Grand Jury…

in Top News For All Sites by Charles W. Riley II, SurfKY News
October 29, 2014 4843

UPDATE: Two More Arrested for Meth at Area Motel

in Local (Hopkins) Top News by Trooper Stu Recke
October 28, 2014 4550

UPDATE: 'Runner' Ran Home; Family Happy

in Hopkins News by Lisa Crook
October 27, 2014 4506

Baptist Health Madisonville Performs Baptist…

in Local (Hopkins) Top News by Kristy Quinn
October 31, 2014 4040

UPDATE: Names Released: Three Injured When Pickup…

in Local (Hopkins) Top News by Rita Dukes Smith, SurfKY News Director
October 28, 2014 3827

UPDATE: Extended to Wednesday; Heaven's Gates and…

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
October 28, 2014 3760

Hopkins County Grand Jury Indictments

in Hopkins News by Karen McKnight
October 27, 2014 3521

Woman Charged for Domestic Assault with Scissors,…

in Local (Hopkins) Top News by Madisonville Police Department

Stories Trending Today

October 31, 2014 11558

Son Charged with Murder of His Family, Kidnapping

in Top News For All Sites Touching Hopkins by Dennis Thomas
October 31, 2014 4040

UPDATE: Names Released: Three Injured When Pickup…

in Local (Hopkins) Top News by Rita Dukes Smith, SurfKY News Director
October 31, 2014 2238

Top Race Candidates Address Campaign Issues

in Hopkins News by SurfKY News
October 31, 2014 1395

Family Searching for Jake

in Hopkins News by Keith Curneal
October 31, 2014 1011

Hopkins County Health Department Food Scores Thru…

in Hopkins News by Barry Franklin
October 31, 2014 971

Madisonville Police Arrest Reports - Oct. 31, 2014

in Hopkins News by Madisonville Police Department
October 31, 2014 885

Four Members of Muhlenberg EMS Team Awarded…

in Local (Muhlenberg) Top News by Paul McRee, SurfKY News
October 31, 2014 813

Change in Hours for Baptist Health Care Center Go…

in General News For All Sites by Kristy J. Quinn
October 31, 2014 787

Muhlenberg District Court Fines Handed Down

in Local (Muhlenberg) Top News by Charles W. Riley II, SurfKY News
October 31, 2014 565

Large Crowd Turns Out for Annual Kiwanis BBQ

in Local (Hopkins) Top News by Tammy Holloway, SurfKY News

SurfKY News Group, Inc.
Corporate Office & Studio
1125 Nebo Rd.  •  Madisonville, KY 42431
270.452.2727 (phone)
  •  270.452.2249 (fax)


Contact a member of our staff: www.surfky.com/contact
Copyright © 2014 SurfKY News Group, Inc.  •  Terms of Use  •  Site Map

social fbsocial twsocial yt
social gpsocial flrsocial rss