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Business

  • Real estate deeds: March 9, 2011

    Meadowbrook Estates LLC to Steve Clark, 141.467 acres, Mulberry Pike, $10 and considerations

    Federal National Mortgage Association to Todd J. Clifford, Lot 23 Midland Estates Sec. 1, $79,500

    Joseph D. and Ashlyn P. O’Brien to Shelbyville Properties LLC, Tract 2, Sunny Meadows, $1

    Bret D. and Joy Osborne to Bret D. and Joy Osborne, Lot 182, Midland Estates Sec. 7, $1

    James W. and Ann Murphy to James A. and Jillian M. Kiger, Lot 6, Todds Station Phase 1, $177,500

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  • Shelby Energy elects Trimble woman to board

    Shelby Energy Cooperative has announced the selection of a new board member for District III, which covers parts of Carroll and Oldham counties.

    Diana Arnold will assume the position that was left vacant when Joe Butler resigned from the board last July.

    A Shelby County group has taken Shelby Energy to task over the past year, citing several member issues with the company and lack of transparency from the cooperative's board.

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  • Kroger’s move generates buzz

    Fewer than 20 days remain before the opening of the new Kroger Marketplace store on Boone Station Road, and activity and speculation are moving at equal pace.

    The new store, a 123,000-square-foot facility – one of only two of its kind in the state, the other in Lexington – is scheduled to open on March 23.

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  • Business Briefcase: March 4, 2011

    Chamber partnering to sponsor trip to China

    The Shelby County Chamber of Commerce is partnering with the St. Matthew’s Area Business Association to invite members and non-members on a nine-day excursion to China Oct. 11-19.

    Experience China 2011, as it is called, will include all the key sites in China, and it is open to Shelby County Chamber members and even anyone from the public who is not a member.

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  • A strategy for preserving your estate is not something you should delay

    Anybody who has worked hard, saved and invested needs an estate preservation strategy. A good one can help ensure that your assets are protected and loved ones cared for in the future. One of the best reasons to preserve an estate is to honor what you’ve done. People don’t want everything they’ve worked for in their lives to have no value in the future.

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  • Home sales slip 4.2 percent

    After seeing a slight increase in sales the previous year, the real estate market in Shelby County saw a similar decrease in 2010.

    Total sales for the county was about $74.4 million for the year, about 4.2 percent down from 2009.

    That's very close to the sales trend in Kentucky, which, according to the Kentucky Association of Realtors, dipped 3.7 percent.

    However, Shelby County's median sales price of $140,000 was almost 40 percent higher than the state's and much closer to the national median of $172,700.

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  • Foreclosures in Shelby continue to grow in 2010

    Despite continued low interest rates for loans and reports of the recession ending, the number of home foreclosures continues to rise across the nation and state in 2010, and Shelby County was no exception.

    In the past five years the foreclosure rate has risen 117 percent in Shelby County, from 105 to 228.

    That rate started to level off in 2009 but still increased by 2.3 percent in 2010, to 228 foreclosures in the county.

    However, Shelby is in much better shape than the nation and state.

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  • Business Q&A: Gramig: Helping families is ROCK’s business

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  • Business Briefcase: Feb. 25, 2011

    Farmer featured speaker at home builders event

    Former Kentucky basketball star and current Agriculture Commissioner Richie Farmer will be speaking to the Shelby County meeting of the Home Builders Association of Louisville.

    Farmer, who is running for lieutenant governor on a Republican ticket with state Senate President David Williams, will address the gathering at 11:30 a.m. Tuesday at Claudia Sanders Dinner House.

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  • 2 Shelby plants plan expansion

    Two Shelbyville manufacturing plants received good news Thursday from state economic development officials, who granted them preliminary approval for expansion projects.

    Katayama American Company, Inc., on Midland Industrial, is planning a $2.1 million expansion of its plant, which will mean adding 22 new jobs with an hourly wage of about $20 per hour. The plant currently has 245 employees.

    Mark Baker, vice president of Katayama, said the expansion is planned for the end of the year, and the new jobs should be available soon after that.

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