Business Briefcase: Sept. 3, 2010

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By The Staff

CUB names risk manager

Robert Armstrong has recently joined Citizens Union Bank as Vice President of Risk Management. Armstrong was for years a bank examiner with the state and more recently a credit analyst/underwriter for a financial institution in Louisville. He and his family reside in Shelbyville.


Abbott joins Century 21

Rebecca Abbott has joined the CENTURY 21 Abbot Realty & Auction Team. She is a graduate of Thornton's Real Estate Academy. She is also a 1998 honors graduate of Shelby County High School and a 2002 summa cum laude graduate of McKendree College with a Bachelors Degree in Business Administration. She has eight years experience in property management and real estate.

She resides in Shelbyville with her husband, Tommy, and three children, Sabrina, Meahgan and Graycee.


Cash Express honors 9-11

For the ninth consecutive year, every year since that tragic Sept. 11, 2001, employees at Cash Express in Shelbyville will visit first responders to deliver “thank you” cakes to police and fire stations. Manager Darlene Wadsworth and her staff will be out on Friday to visit some of those firefighters.


State fair attendance down

Attendance to the Kentucky State Fair was down about 3 percent from 2009. Fair officials report that 602,897 attended this year’s event, the second highest attendance total in four years. In 2009, attendance was 621,795.

“Even though the Fair’s attendance didn’t increase, it continues to be one of the most popular events in the state and draws people from across the region,” President and CEO of the Kentucky State Fair Board Harold Workman said. “We still think it represents the best that Kentucky offers. The Fair creates hundreds of temporary jobs, provides millions in economic revenue and provides Kentuckians with an event to be proud of.”

The 11-day event generated approximately $16.5 million in economic impact across the community and the Commonwealth of Kentucky.

Report cites women in business

JoAnne Maamry of The Entrepreneur’s Source in Simpsonville cites a recent report that women are a driving force behind the rise of self-employment statistics. The report said 32 percent of business owners are women. This represents 10.1 million firms, employing 13 million people and generating $1.9 trillion in sales in 2008. Maamry said, “The report demonstrates that women in business are surviving and thriving even in our current economy. The economy needs women business owners more now than ever.”


Bits & bytes

§       Georgetown College has added celebrated sports journalist William F. “Billy” Reed as its second Executive Scholar-in-Residence. Former Gov. Martha Layne Collins was Georgetown’s first in 1998 and continues to serve the college in many advisory and friend-raising capacities. Reed’s biggest boost to Georgetown College, perhaps, will be giving enhanced exposure to its new “Champions of Athletic Character” program. This is an initiative to create a learning environment that is suitable for character growth and leadership for all student-athletes, maintaining a realistic goal of scholarly athletic success.

§       Toyota Motor Manufacturing Kentucky in Georgetown on July 27 produced its 8 millionth engine. Said David Cox, general manager of powertrain operations, “If you placed them end to end, they would stretch nearly 2,800 miles – or from New York to San Diego.” The workers produced 5.5 million 4- -cylinder engines and 2.5 million were 6-cylinders. About 6,600 work at the facility, and 900 of them deal strictly with powertrains.

§       Average retail gasoline prices in Louisville have risen 8 cents per gallon in the past week, averaging $2.66 per gallon. This compares with the national average that has fallen 1.2 cents per gallon in the last week to $2.69, according to LouisvilleGasPrices.com.


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