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

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 This material may not be published, broadcast, or rewritten without permission.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

Most Read This Week

April 17, 2015 11911

An Open Letter from an Addict

by Olivia Kirks
April 23, 2015 7484

Man Charged with Sodomy, Incest/Victim under 12

by SurfKY News
April 18, 2015 5779

Man Charged with Attempting to Coerce Minor for…

by Madisonville Police Department
April 20, 2015 4869

Nortonville Woman Charged with Meth Possession at…

by Madisonville Police Department
April 24, 2015 4080

UPDATE: Police Can't Substantiate Injured Man…

by Doreen Dennis, SurfKY News

Most Read This Month

April 17, 2015 11911

An Open Letter from an Addict

by Olivia Kirks
April 02, 2015 8800

UPDATE: Madisonville Man Injured in Head-on…

by Doreen Dennis, SurfKY News

Stories Trending Now

April 24, 2015 4080

UPDATE: Police Can't Substantiate Injured Man…

by Doreen Dennis, SurfKY News
April 24, 2015 1100

Career Fair Provides Students Information about…

by Tammy Holloway, SurfKY News
April 25, 2015 1081

Above and Beyond: Wade Simons

by Gary Gates, SurfKY News
April 24, 2015 1041

Madisonville Police Arrest Reports Released -…

by SurfKY News
April 24, 2015 1029

Hopkins District Court Fines Handed Down

by Karen McKnight
April 24, 2015 987

Probation and Parole Violators - April 24, 2015

by Gary Gates, SurfKY News
April 24, 2015 945

Baptist Health Holds ‘Walk in the Park’ as Part…

by Tammy Holloway, SurfKY News
April 23, 2015 936

Regional Eighth Grade Math Contest Held

by Joyce Riggs
April 24, 2015 920

Elementary Girls in Good GRACES with Unique…

by Tammy Holloway, SurfKY News
April 24, 2015 905

Muhlenberg District Court Fines Handed Down

by Charles W. Riley II, SurfKY News