Latest / Kentucky Business News / 4.16.26

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4.16.26 · Kentucky Business News

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Speaker 1: Hello. Today, I'll be reading from business sources in Lexington
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and Louisville, including The Lane Report and others from around
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the Commonwealth. Your reader today is Julia Shane. As a reminder,
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RADIOI is a reading service intended for people who are
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blind or who have other disabilities that make it difficult
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to read printed material. Our first article comes from the
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April thirteenth, twenty twenty sixth edition of The Lane Report
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and is titled Limited Edition. Greater's ice Cream Flavor Released
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in honor of Kentucky Derby, The race to the most
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indulgent scoop of ice cream of the season has begun.
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Greater's ice Cream, America's oldest family owned and operated ice
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cream maker, famous for its French pot process, is releasing
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a new limited edition flavor for Derby season, Backstretch Bourbon Cherry.
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In a collaboration worthy of the Winter's Circle, Graters and
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Churchill Downs have teamed up to create a bourbon kissed
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ice cream blended with black cherries and praleens, intentionally crafted
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to capture the thrill, tradition, and pageantry of the race.
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This decadent flavor is an officially licensed ice cream of
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the Kentucky Derby. We long believed a collaboration between Graters
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and Churchill Downs was a natural fit, said Richard Grater,
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fourth generation president and CEO of Greater's ice Cream. When
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the Churchill Downs team visited Cincinnati late last year, they
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experienced our factory tour and tasted ice cream straight from
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our French pots, and we introduced them to what is
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now Backstretch Bourbon Cherry. The flavor and name were developed
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by Graters with their input, and Churchill Downs approved it
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on the very first bite. From that moment, we knew
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we had a winning flavor. Backstretch Bourbon Cherry is available
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starting today, April thirteenth for nationwide shipping at Greaters dot com,
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as well as by the pint and by the scoop
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at all Greater Scoop shops. Pints of Backstretched Bourbon Cherry
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can also be found starting April fifteenth at select grocery
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stores including Kroger in Ohio, Kentucky and Indianapolis, Dorothy Lane Markets,
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Jungle Gyms, and Central Market in Texas. Graters off to
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the Races collection to help fans celebrate the race weekend
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properly at home or with friends. Graters is offering three
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ice cream pack options in its Off to the Races
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collection for purchase online. The Backstretch six pint pack, two
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pints of Backstretch Bourbon cherry, one pint each of Madagascar vanilla,
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black raspberry chocolate chip, mint chocolate chip and salted caramel.
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The Winners Circle six pint pack featuring Kern's Kitchen Derby Pie.
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This bundle features two pints of Bourbon ball, one pint
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each of Madagascar, vanilla, black raspberry chocolate chip, mint chocolate
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chip and salted caramel, plus one of the iconic Kerns
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Derby Pies, the official pie of the Kentucky Derby Festival.
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The Trifecta Chip Wheeli's Pack. Greater's signature ice cream sandwiches
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offered in three different flavors, four of Backstretched Bourbon Cherry
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sandwich between two handmade sugar cookies, and four of Vanilla
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chocolate chip and black raspberry chocolate Chip, both between two
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handmade chocolate chip cookies. Greater's Backstretch Bourbon giveaway win free
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ice cream for a year. Greaters is taking Derby celebrations
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to a whole new level by giving fans the opportunity
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to win free ice cream for a year, no purchase necessary.
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One lucky winner will receive a free creat Your owned
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six pint pack every month for twelve months beginning May
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of twenty twenty six through April of twenty twenty seven.
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Five runners up will receive a free Creator owned six
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pint pack. The next start from the Lane report is
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titled EKU receives two million dollar investment from Gray Construction.
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Eastern Kentucky University EKU announced a two million dollar endowed
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gift from Gray, a nationally recognized construction and engineering firm,
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to advance eku's construction management program and strengthen one of
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Kentucky's most in demand workforce pipelines. The gift establishes an
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endowed professorship, funding a permanent faculty position in eku's construction
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management program. The endowed professorship will allow EKU to recruit
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and hire a new faculty member and ensure the role
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will remain in place in perpetuity, supporting generations of students.
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We are grateful for Gray's partnership with EKU, which has
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spanned multiple decades and created meaningful opportunities for our students,
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said EKU President David McFadden. Our construction management program is
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vital in shaping the infrastructure of the Commonwealth, and our
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graduates are helping to build and maintain it. This investment
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not only strengthens that work, but also marks the beginning
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of a broader effort to bring together alumni in industry
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partners and support of our students, expanding opportunities for scholarships,
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hands on learning, and internships that ensure graduates are workforce ready.
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We appreciate Gray for taking the lead in this effort.
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Gray the choice partner for industrial companies seeking design and
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construction services, employees nearly one hundred and fifty EKU alumni,
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with about twenty five percent beginning their careers at Gray
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through internships. We're extremely proud of this partnership and the
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role EKU has played in shaping so many of the
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people who make Gray what it is today, said Stephen Gray,
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President and CEO, Gray Incorporated. As we look ahead, we
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are excited about what we can continue to build together
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to create a stronger workforce for the industry and Kentucky.
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The continued collaboration between EKU and Gray provides valuable real
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world learning experiences for students while helping meet the needs
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across the commonwealth. At Gray, as you can imagine, we
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talk a lot about building, building, facilities, partnerships, and most importantly, people,
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and that starts long before someone ever steps onto a
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job site or into our offices, said Rebecca Gray, President
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and CEO of Gray Construction. For decades, EKU has been
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a place where that foundation is built, and we have
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been fortunate to witness it firsthand through internships, career fairs,
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and the many EKU graduates who have joined our team.
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Enrollment in eku's construction management program has increased forty one
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percent over the past two years, reflecting growing student interest
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and industry demand for skilled professionals. According to the US
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Bureau of Labor Statistics, the construction management industry is expected
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to grow by nine percent, much faster than the average
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for other occupations. Chris Schumacher, an EKU construction management graduate
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and business unit leader with Gray, so the program is
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built around real industry experience and preparing students for the future.
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To see Gray the company I'm proud to be a
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part of invest in the very program that helped shape
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my path. It really comes full circle, said Chris Schumacher.
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Nearly all EKU construction management students secure employment shortly after graduation,
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with ninety nine percent finding jobs within three months and
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more than ninety percent earning a median starting salary of
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sixty five thousand dollars. The next article from the Lane
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report is titled Kentucky communities can seek state money to
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boost workforce recruitment. As business continues to grow and expand
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and across the Commonwealth, the demand for strong and reliable
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workforce has steadily increased. To support this growth and strengthen
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local economies, the Kentucky General Assembly has taken steps to
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implement targeted, community driven programs aimed at attracting new residents
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to meet workforce needs. House Bill five seven six, sponsored
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by State Representative Robert duval of Bowling Green, establishes the
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Kentucky Talent Recruitment Grant Program and corresponding fund to bolster
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workforce development efforts statewide. A news release from the House
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Speaker's office says, this legislation has been signed by the
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Governor and delivered to the Secretary of State. Across Kentucky,
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we are seeing unprecedented economic momentum, and with that comes
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a growing demand for skilled workers. Duvall said, this legislation
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gives our communities the tools they need to actively recruit
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new residents, strengthen their work, and ensure that businesses have
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the talent necessary to continue expanding. The program would allow
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local communities to apply for grants to develop targeted recruitment
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initiatives designed to bring new workers and their families to Kentucky.
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The legislation creates a dedicated fund for the program and
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outlines reporting requirements for participating communities. Communities receiving grants would
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be performance based and require a twenty percent local match,
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ensuring local investment in the program. This is about more
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than just filling jobs. It's about building stronger communities and
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creating long term opportunities for families across the commonwealth. Duval
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added By partnering with local leaders and requiring meaningful investment
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at the community level, we are setting this program up
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for lasting success. According to the Kentucky Constitution, legislation unless
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it is a general appropriations bill or contains an emergency
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or special effective date, will take effect ninety days after
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the legislature adjourns. HB five seven six will take effect
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ninety days after the legislature adjourns the next article from
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the Lane Report is titled second one million dollar gift
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by Young Foundation aims to improve Kentucky mental health care
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access beneficiary one Quest Health addressing shortage of providers. One
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Quest Health, a leader in integrated physical and mental well being,
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has received a second one million dollar investment from the
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Young Family Foundation to support its efforts to increase the
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number of mental health providers. This second consecutive gift reaffirms
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the foundation's multi year pledge to provide Kentucky families with
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access to world class behavioral health services. The previous investment
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focused on infrastructure, digital access, and talent strategy. This latest
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one million dollar gift will underwrite personnel costs. Specifically, it
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will support the recruitment and retention of integrated medical care
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and clinical treatment service providers. The gift will benefit one
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quest Health's entire service region, which includes the Commonwealth of
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Kentucky as well as southern Ohio and Indiana. This investment
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arrives at a particularly critical time for Kentucky. Three point
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four million Kentuckians live in mental health professional shortage areas.
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Some Kentucky counties have a ratio of over four thousand
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citizens for every one mental health care professional. The national
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average is roughly three hundred fifty to one. These shortages
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play a role in fifty four point one percent of
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Kentucky youth with major depression receiving no treatment. The Foundation's
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second one million dollar investment in one Quest Health and
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as many years, reflects the Young Foundation's unwavering confidence in
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what this organization is building, said Derek Hout, Young Foundation Director.
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When you see a team dedicated to delivering integrated, whole
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person care to those who need it most, you don't
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step back, You lean in. This is all the more
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important when state and federal support is often insufficient or lacking.
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One Quest Health, previously known as CHNK Behavioral Health, continues
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to scale services to meet Kentucky's growing mental health crisis.
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The organization has increased its workforce and clinical capacity by
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one hundred and fifty percent since twenty twenty two. It
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established a partnership for workforce development with Northern Kentucky University,
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and last month announced the opening of a new Louisville
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outpatient facility. We serve a population that relies overwhelmingly on Medicaid,
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and we are proud to do so, but we cannot
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pretend that the current reimbursement landscape makes it easy, said
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Rick Worth, CEO of one Quest Health. The funding we
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receive from supporters like the Young Family Foundation is what
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allows us to retain exceptional clinical talent, expand integrated services,
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and keep our doors open to the people who need
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us most. Mister and miss Young, they're family members and
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the Foundation don't just believe in our mission, they make
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it financially viable. One Quest Health is dedicated to transforming
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America's health by championing a proactive, integrative approach to physical
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and mental well being. Built on the nearly one hundred
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and fifty year legacy of hn K behavioral health, one
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Quest empowers individuals and communities to move beyond reactive care,
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fostering healthier, more resilient lives through a scalable, sustainable, and
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empathy driven system of care. For fiscal year twenty twenty six,
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one Quest is on track to perform fifty thousand treatment
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services representing seven thousand client impacts across Kentucky and parts
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of Ohio and Indiana. The Young Family Foundation is based
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in Crestview Hills, Kentucky. Founded in twenty nineteen, it supports
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a variety of causes across multiple states. Primary funding focus
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areas include education, healthcare, community health, health and medical initiatives,
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health and wellness, school health, philanthropy, volunteerism, and grant making.
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Our next article comes from the latest edition of Business
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Lexington and is titled Chocomania Expands with housemade Gelato Shop,
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written by Shannon Clinton. Choc Omania's sister location is just
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as sweet as its sibling. Maltese, a new concept from
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sisters and co owners Christine Line Iris and Vonda Suahala,
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along with their mothers Saw has opened alongside Chocomania at
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Fayette Mall. Maltese is a new concept we created as
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an extension of our dessert brand, Chocomania. Shar Line said,
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after years of working with desserts and seeing the growing
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interests and high quality frozen desserts, we wanted to introduce
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something refreshing and different to the Lexington market. At Meltese,
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premium gelato is made fresh in store using high quality
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ingredients and offered in a variety of unique flavors. We
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also wanted to reflect part of our background and creativity,
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so many of the gelato options include Middle Eastern inspired
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flavors and twists alongside classic favorites, Sharlene said popular varieties
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include baclava and banana pudding. Meltese also offers wholesale gelato,
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meaning it may soon appear on menus at area restaurants
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and dessert shops. In other local food and beverage news,
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closures of Lexington area restaurants reached double digits in recent weeks,
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including Joela's Hot Chicken and Hamburg, Big City Pizza and Hamburg,
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and two Fazoli's locations at two one nine five Richmond
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Road in the Idel Hour Shopping Center and two two
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zero zero Nicholas Vielle Road in the Zandale Shopping Center.
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Also closing were The Goose at one seventy Jefferson Street
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in nearby ding Bat's Pizza at four seven one Jefferson Street.
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Moving into the former ding Bat's Pizza location is Rise
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Up Pizza, which previously operated at Gray Line Station and
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as a food truck favor at five seven four North Limestone,
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announced it would close at the end of April. The
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space will soon become home to Mulberry Street Bar and Kitchen,
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an adjacent kitchen for the bar and Arcade Arcadium Rotisserie
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Chicken restaurant Paula Azoul at five zero three South Upper
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Street has closed, but the space is expected to house
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a revived two Keys tavern, which has operated in several
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Lexington locations over the decades. Sam's Hot Dog Stand at
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one nine to two Lexington Green Circle closed in mid February,
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and Walk and Go at four to six Lexington Road
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and for Sales will close April twenty sixth as its
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owner retires. According to an announcement, Parisa International Supermarket at
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two six two six Richmond Road has been renamed Lexington
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International Market. The store continues to sell many of the
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same items, including halal meats, produce and specialty groceries, along
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with some new editions in the space most recently occupied
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by Bad Wolfburgers. At one four zero one North Forbes Road,
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a Columbian restaurant has opened Rico and Cicero, serving arapas,
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oblais and panadas and more. As of early March, Land
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was being cleared for a new Publix in Georgetown at
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Elkhorn Village Center at the intersection of Frankfurt Road in
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McLellan's Circle. Kaffean's Coffee House has opened at three eight
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zero one Nicholasville Center Drive, with the motto Come for
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the coffee, Stay for the vibes. The locally owned coffee
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offers a variety of coffee drinks, other beverages and food items.
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A new Jagger's location is set to open on April
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twenty second at three zero two nine Richmond Road. According
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to an announcement, Modern Pantry has opened a second location
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at five to one nine West Main Street in Lexington,
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offering seafood, Boils to Go, Drip and Class Seafood is
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a new addition to the shared kitchen at Southland Bagel
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four two eight Southland Drive. The next article comes from
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the April fourteenth, twenty twenty sixth edition of Louisville Business
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First and is titled Louisville Eye's Minor League Hockey as
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stepping Stone owned to NHL Ambitions, written by Stephen Schmidt.
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On Monday, news broke that Louisville is pursuing a new
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sports arena near Lynn Family Stadium. Those involved in conversations
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included John Nice, owner of Niece Ventures and an owner
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of Louisville's two pro soccer teams, real estate developers, Louisville
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mayor Craig Greenberg, a minor league hockey ownership group and
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a professional volleyball organization. On Tuesday, we got more clarity
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on what the facility may look like and host from
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Greg Pant, president and CEO of the Louisville Sports Commission.
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Fant declined to disclose the name of the minor league
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ownership group, but he did confirm that he has been
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in discussions with someone with multiple ECHL teams formerly known
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as the East Coast Hockey League before fully embracing its acronym,
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who was interested in bringing a team to Louisville. He
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did say that the ownership group is an out of
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town organization that is in sports at a very high
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level in bullish On Louisville. Besides an ECCHL team, said,
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the multi purpose arena could be home of the University
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of Louisville's men's and women's club hockey teams, U of
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L women's volleyball, a women's professional volleyball team, and provide
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a third ice arena for the metro area as a
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place for adult hockey leagues, high school teams, curling clubs,
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and other amateur ice sports. The venue, which is still
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in the early planning stages, would have two other sheets
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of ice to go along with the main one, with
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approximately sixty five hundred seats. There has been no estimated
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cost for the project. Others who have been in conversations
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with FANT are a group called Ice to Louisville, an
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organization that has been trying to get an alternative facility
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to Iceland Sports Complex for about ten years. It is
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composed of Clark Apshire, Kevin Metcalfe, and Brian Graham, the
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latter of whom is the head coach of the U
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of L men's club hockey team. Abshur, who played for
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U of L, serves on the board of the Kentucky
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Hockey Youth Association. We've identified multiple locations that could work,
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but it does seem that the one that would make
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the most sense in the preliminary findings is the Butchertown District,
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metcalf said, added Abshure, We're excited to see the possibility
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of expanding youth ice sports and the opportunity for the
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sports to grow using soccer as a framework to hire exposure.
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So how does Louisville get to the NHL, especially with
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two markets Nashville one hundred and seventy four miles away
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and Columbus two hundred six miles away. Within driving distance,
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there is, of course, the KFC Young Center in downtown Louisville,
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which seats more than twenty one thousand for basketball. Said
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that there were initial plans to install an ice plant
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needed to maintain a sheet of ice under the floor
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of that arena in two thousand and eight. Plans were
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scrapped in the eleventh hour when the recession hit the
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country that year. There are no working ice plants at
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Broadbent Arena or Freedom Hall. The city had a string
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of Minor League hockey teams throughout the years, most recently
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being the Louisville River Frogs from nineteen ninety five to
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nineteen ninety eight. In the ECHL, the team played at
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Broadbent Arena on a mobile rink. That team eventually became
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the Cincinnati Cyclones, which could now form a natural rivalry
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for a Louisville franchise along with the Indie fuel Up
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Interstate sixty five. Fant pointed out that this brand of
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ECHL has evolved from the mid nineties, with each team
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having minor league affiliations with the NHL, akin to the
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Double A ranks of Minor League Baseball. Like a good bourbon,
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there would need to be an aging process of several
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years of consistent support for a minor league team before
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attempting to attract an NHL franchise. I wholeheartedly believe there's
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opportunity in the future, and we have to have proof
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of concept that the sport will do well in Louisville,
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Fan said of the ECCHL. Make no mistake, the Young
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Center would be a fabulous NHL hockey arena at some
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point in the future, but you're probably not going to
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get an NHL team to just come straight to Louisville
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and drop into Louisville. We're going to have to grow
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it organically, and the president of that organic growth, Fan said,
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has been set by the story of the Louisville City FC,
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which was originally a franchise in Orlando, Florida that came
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to Louisville. Low City is part of the United Soccer League.
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If all goes as planned, the USL will start up
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the USL Premiere in twenty twenty eight as the second
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Division one rated men's soccer league in the United States
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as determined by US Soccer, along with Major League Soccer.
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Lou city hopes to be one of those premier teams.
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All of the things go hand in hand. Fan said,
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hockey is the exact same way. The next article from
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Louisville Business First is titled Outlet Shops of the Bluegrass
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add new retailers, written by Zach Owens. The Outlet Shops
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of the Bluegrass has added three more names to its
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tenant roster. The Simpsonville Outlet announced in a news release
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this week that Fabletics, Clark's, and Lee Wrangler have all
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opened at the shopping center this month. Fabletics opened April
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tenth and is scheduled to hold a grand opening celebration
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and ribbon cutting at ten am on April seventeenth. Clarks
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opened on April eleventh, followed by Lee Wrangler on April twelfth.
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According to the outlet center, the Lee Wrangler store is
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the only combined concept location for the brands in Kentucky.
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This marks an exciting period of growth for us. Deborah Greisinger,
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general manager at the Outlet Shops of the bl Grass,
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set in a news release with new brands, strong momentum,
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and more reasons to visit, we are continuing to deliver
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on our promise of more outlets and more savings. The
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outlet Mall will also add several other news stores this
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spring in the coming weeks. Outlet shops said Offline by
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Airy is expected to open April twenty seventh, followed by
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a Victoria's Secret on May first and five below in June.
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The newest openings also follow a mix of recent tenant
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activity at the Simpsonville property. Last August, Louisville based menswear
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retailer Dapper Pham opened its first brick and mortar store
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at the center, taking twenty three hundred square feet across
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from Abercombie and Fitch. Earlier, restaurantier Enrique Roman, founder of
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the El Nepal chain, opened and Dale Mexican restaurant at
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the Outlet Mall over Memorial Day weekend twenty twenty five.
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At the same time, the center has also seen some
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national retailers pulled back. Earlier this year, Louisville Business First
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reported that Francesca's was closing all stores, including its Simpson
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Bille boutique, amid a broader liquidation. Another national brand with
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local outlet presence, Eddie Bauer, was also tied to bankruptcy
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related store closure news this year after Catalyst Brands, the
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operator of its brick and mortar stores, filed for Chapter
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eleven bankruptcy protection. The Outlet Shops of the Bluegrass, opened
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in twenty fourteen in is Kentucky's largest outlet shopping destination,
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with more than eighty stores across roughly three hundred seventy
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thousand square feet. The property, owned by Horizon Group Properties
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of Rosemont, Illinois, is located off Interstate sixty four at
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Exit twenty eight in Simpsonville. The next article from Louisville
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Business First is titled Contentious Saint Matthew's apartment vote tabled,
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written by Olivia es Streit. A key vote on a proposed
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one hundred ninety nine unit apartment development in Saint Matthew's
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has been delayed following hours of public debate. During a
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meeting that stretched nearly five hours on April fourteenth, the
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Saint Matthews City Council did not take action on LDG
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developments planned Gilman's Point project along Westport Road, instead tabling
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a resolution as discussions continue. The development has drawn months
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of pushback from nearby residents, many of whom again voice
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concerns during Tuesday's meeting neighbors have questioned the project's density,
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how it fits into the surrounding single family area, and
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its potential impact on already congested traffic corridors. Some residents
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also raise concerns about the traffic studies submitted by the developer,
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arguing it is several years old and may not reflect
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current conditions along Westport Road. Developers have maintained the project
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would provide needed market rate housing in a centrally located area.
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City officials are expected to continue reviewing the plan. This
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concludes the reading of the most recent business news in Lexington, Louisville,
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and around the state. Your reader to day has been
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Julia Shane. If you have any questions or comments about
28:10
this program, please give our Lexington studios a call at
28:14
eight five nine four two two six three nine zero.
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Thanks for listening, and now please stay tuned for readings
28:20
from the Kentucky series here on Radio I