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 This material may not be published, broadcast, or rewritten without permission.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

March 27, 2015 6072

Three Arrested during Execution of Search…

by Madisonville Police Department/Hopkins County Detention Center
March 25, 2015 5545

Fazoli's, Roses Coming to Madisonville

by Amber Averitt, SurfKY News
March 24, 2015 5248

One Dies, Another Injured in Mortons Gap Traffic…

by Deputy Heath Owens
March 25, 2015 5198

Grand Jury Finds No Criminal Wrongdoing in Bean…

by Doreen Dennis, SurfKY News
March 30, 2015 4822

Man Charged with Child Abuse After Allegedly…

by Madisonville Police Department
March 24, 2015 4339

UPDATE: One Injured in Hopkinsville Road Accident

by Doreen Dennis, SurfKY News

Most Read This Month

March 09, 2015 14195

Multi-Agency Drug Bust Results in $1 Million Meth…

by KSP DESI
March 02, 2015 11697

Madisonville Teen Faces Numerous Drug Charges

by Madisonville Police Department/Hopkins County Detention Center

Stories Trending Today

March 30, 2015 4822

Man Charged with Child Abuse After Allegedly…

by Madisonville Police Department
March 30, 2015 2725

Man Charged for Selling Drugs from Red Cardinal…

by Madisonville Police Department
March 30, 2015 2697

Juvenile Arrested for Cruelty to Animals

by Hopkins County Sheriff's Office
March 30, 2015 2665

Two Charged in Bremen Meth Bust

by Sheriff Curtis McGehee
March 30, 2015 2393

Report of Suspicious Man Ends with PI, Meth…

by Madisonville Police Department
March 31, 2015 1862

Man Charged for Driving While under Influence of…

by Madisonville Police Department
March 30, 2015 1532

Madisonville Police Arrest Reports - March 30,…

by Madisonville Police Department
March 29, 2015 1529

Huge Turnout Joins to Support Shanice Bean Family

by Tammy Holloway, SurfKY News
March 31, 2015 1223

Happenings and Meetings - Hopkins County

by Amber Averitt, SurfKY News
March 30, 2015 1204

Hopkins County Sheriff's Arrest Reports

by Hopkins County Sheriff's Office