Latest / Kentucky Business News / 11.13.25

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11.13.25 · 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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  November twelfth to twenty twenty five edition of The Lane
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  Report and is titled Lexington based financial firm White Shore
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  Funding sees uptick in health care financing as government shutdown continues.
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  Health care providers across the United States are facing increasing
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  cash flow strain as the ongoing government shut down and
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  insurance reimbursement delays continue to slow payments. Medicare, Medicaid, and
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  major insurance carriers are taking significantly longer to release funds
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  for services already performed, leaving many clinics waiting weeks or
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  months for revenue they depend on to operate. This has
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  created financial pressure for medical clinics, dentists, chiropractors, behavioral health centers,
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  therapy providers, and other healthcare practices that rely on predictable
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  reimbursement cycles to cover payroll supplies. Rent and day to
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  day patient care. To stabilize operations, many of these businesses
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  are turning to unsecured bridge financing. Traditionally, alternative financing has
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  been limited to short term repayment structures that can be
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  difficult for health care practices experiencing delayed reimbursement. In response,
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  White Shore Funding, a Lexington based financial firm and one
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  of the larger players in the alternative lending space, has
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  seen significant demand for its extended repayment options of up
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  to thirty six months, which allow businesses to manage payments
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  at a pace aligned with their actual cash flow. We
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  just helped a dentist acquire care capital at a thirty
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  six month term, said Arthur Stilly, analyst. She wasn't getting
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  paid on time due to the government shutdown, and there
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  have been countless other examples. We're more than happy to
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  fill that gap, and we view it as an opportunity
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  to build a long term relationship, not just a one
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  time transaction. The firm notes that for many clients, this
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  is also an opportunity to establish and build credit history
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  with a major capital provider in the space, which can
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  make future financing more efficient and cost effective. While healthcare
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  is being hit the hardest. Construction firms, education providers, logistics companies,
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  and professional service organizations are also experiencing delayed receivables and
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  seeking similar long term solutions. Whiteshore Funding has facilitated transactions
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  ranging from fifty thousand dollars to over ten million dollars
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  to support business continuity and growth. The next article from
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  the Lane Report is titled BCTC adds three D Printing
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  Additive Technology Program at Georgetown Scott County Campus. As three
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  D printing adoption grows, Bluegrass Community and Technical College BCTC
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  is launching an additive technology program at the Georgetown Scott
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  County Campus. It will equip students with the knowledge, technical skills,
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  and industry insight to thrive in the rapidly expanding field
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  of additive engineering. Combining theoretical learning with hands on experience,
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  the program prepares students to earn an Associate and Applied
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  Science AAS degree in just two years with full time study.
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  The curriculum emphasizes real world projects and provides students the
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  opportunity to work with a diverse range of additive technologies,
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  including extrusion based three D printing, UV curing, and g
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  Coode structure, while also exploring the role of AI tools
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  and additive manufacturing. Students will develop expertise in material selection,
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  process optimization, safety, and post processing techniques, gaining a deep
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  understanding of the principles and applications of additive engineering across industries.
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  The program's Additive Engineering track features a unique nine credit
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  hour elective sequence that allows students to specialize in an
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  industry of their choice, such as business, filmmaking, automotive, computer technology,
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  or healthcare. This tailored approach ensures graduates leave BCTC with
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  both advanced additive manufacturing skills and relevant industry specific experience,
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  making them highly marketable and adaptable in the modern workforce.
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  BCTC is committed to supporting workforce growth and innovation, said
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  doctor Greg Feeney, President CEO of Bluegrass Community and Technical College.
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  The Additive Technology Program represents our commitment to providing students
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  with the tools and education needs to excel in emerging industries.
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  This program not only supports local and regional workforce needs,
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  but also empowers our students to become creators, problem solvers,
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  and innovators. Additive manufacturing is transforming how industries design, create,
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  and produce, said Kevin Griffs, program coordinator for Additive Technology.
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  This program gives students the opportunity to be at the
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  forefront of that transformation. By learning advance additive techniques and
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  applying them in real world projects, our students will graduate
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  ready to make an immediate impact in the workforce. BCTC
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  will host a ribbon cutting ceremony to celebrate the official
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  launch of the Additive Technology Program on Monday, November seventeenth,
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  from four to six xo pm at the Georgetown Scott
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  County Campus. Community members, industry partners, and prospective students are
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  invited to attend and learn more about how BCTC is
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  shaping the future of advanced manufacturing and technology education. The
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  next article from the Lane Report is titled Humana Foundation
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  pledges five hundred thousand dollars to meet search and demand
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  for food. The Humana Foundation, the philanthropic arm of Humana
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  Incorporated for the last forty four years, announced a five
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  hundred thousand dollars new investment to support food banks and
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  nutrition programs in four states to help address urgent needs
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  and communities where the loss of food assistants for nearly
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  forty two million Americans has intensified food insecurity. This and
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  other economic challenges have contributed to a sharp rise in
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  demand for food support. Today, food banks are seeing unprecedented demand,
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  said to Benjamin CEO of the Humanifoundation. We're acting swiftly
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  and working side by side with our partners to meet
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  the immediate need, and will continue to invest in long
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  term solutions that deploy our knowledge and resources. These investments
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  reflect our deep commitment to health equity and our belief
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  that no one should go hungry. In Kentucky, the Humanifoundation
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  will support Dare to Care Food Bank with a one
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  hundred thousand dollars grant. The funds will support food distribution
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  and hardship relief. We are seeing more families and seniors
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  turning to us for help than ever before, said Vincent James,
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  CEO of Dare to Care Food Bank in Louisville, Kentucky.
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  The Humanifoundation support allows us to respond quickly and compassionately
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  to the surge and need. Together, we're making sure our
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  neighbors don't have to choose between food and other essentials.
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  Investments across our communities to help meet the rising demand
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  for food. The Foundation is also directing immediate funding to
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  these regional partners Texas San Antonio Food Bank one hundred
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  thousand dollars, Florida Feeding Tampa Bay one hundred thousand dollars,
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  and Feeding South Florida one hundred thousand dollars in Louisiana,
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  Second Harvest Food Bank of Greater New Orleans one hundred
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  thousand dollars. Food in security impacts communities across the nation,
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  and its effects on seniors are especially severe. Older adults
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  who are food and secure are sixty five percent more
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  likely to have diabetes and face higher rates of congestive
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  heart failure, high blood pressure, asthma, obesity, gum disease, and depression.
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  Recognizing the need, the Humana Foundation, in partnership with Humana employees,
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  has invested over nine million dollars since twenty twenty three
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  to help ensure people have consistent, reliable access to healthy foods.
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  The Humana Foundation was established in nineteen eighty one as
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  the philanthropic arm of Humana, Incorporated, and is focused on
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  health equity, working to eliminate unjust, avoidable, and unnecessary barriers
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  in health and health care. The next article from the
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  Lane Report is titled University of Cumberland's online DBA program
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  ranked number two nationally by Forbes. The University of the
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  Cumberlands has earned national recognition with its online Doctor of
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  Business Administration program, ranked number two in the nation among
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  accredited non profit institutions according to the latest Forbe Advisor rankings.
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  Forbes evaluated more than four hundred schools across the country,
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  scoring programs based on affordability, credibility, student outcomes, and overall experience.
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  Rankings were informed by data from trusted sources such as
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  the Integrated post Secondary Education Data System known as IPEDS.
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  Cumberland's DBA program stood out for its exceptional value, flexibility, format,
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  and commitment to quality. In its profile, Forbes noted uc
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  is a good choice for students seeking an affordable online
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  DBA degree. Among our top ten schools, University of the
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  Cumberlands is one of the most affordable graduate tuition and
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  fees cost just four thy five hundred and sixty dollars
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  per year. Students from this school also have the lowest
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  amount of media and federal student loan debt among schools
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  on the list. Forbes also highlighted the program's accreditation from
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  the International Accreditation Council for Business Education IACBE, calling attention
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  to its academic rigor and industry relevance. Designed with working
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  professionals in mind, Cumberland's online DBA offers a research driven
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  curriculum with real applications. Students may customize their studies with
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  strategic focus areas such as accounting, blockchain finance, healthcare administration,
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  and more. The sixty six credit hour program is offered
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  at five hundred forty nine dollars per credit hour, and
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  textbooks are included in the tuition rate. This recognition from
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  Forbes reflects the academic strength and integrity of our DBA program,
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  said doctor Daniel Kanyam, director of Graduate Business Programs at
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  the University of the Cumberlands. We are proud to offer
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  a rigorous, research based doctoral education that remain successible and
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  affordable for working professionals seeking to advance in leadership roles.
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  Two additional programs also ranked number two by Forbes. In
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  addition to the DBA recognition, Cumberland's also secured number two
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  spots in two other Forbes Advisor rankings, Best Online Masters
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  and Organizational Leadership Degrees and Best Online Physical Education Degrees.
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  Regarding the Cumberland's Masters in Organizational Leadership. Forbes wrote Cumberland
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  delivers the cheapest online Masters in Organizational Leadership on our List.
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  The publication praised the program for its low tuition, free
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  textbook rentals, and low student debt among graduates. The thirty
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  one credit hour degree, priced at three hundred and fifty
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  five dollars per credit hour, builds expertise in strategic thinking,
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  motivational leadership, and problem solving. Students choose from electives such
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  as operational Excellence, team leadership, and Advanced Human Development. The
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  university's online Bachelor's in Physical Education also drew praise from Forbes,
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  which cited Cumberland's as the most affordable program in the
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  ranking and noted Cumberland's also claims the highest student retention
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  rate at eighty one percent on our list, demonstrating its
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  commitment to creating a positive learning environment that learners come
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  back to. This one hundred twenty credit hour program, offered
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  at two hundred twenty dollars per credit hour, strengthens students
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  communication and leadership skills while preparing them for teacher certification.
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  The curriculum includes forty two credit hours of professional education
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  courses and a strong foundation in human anatomy, movement and wellness.
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  Forbes rankings underscore Cumberland's priorities of academic quality, student support,
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  and outstanding value. The university continues to champion programs that
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  are affordable, flexible, and designed to help students succeed in
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  their careers and communities. These rankings from Forbes are a
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  reflection of the hard work our faculty and staff put
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  in every day to support our students. Doctor Trey Jarbo,
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  Provost at the University of the Cumberlands. It's encouraging to
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  see national recognition for our commitment to offering accessible, affordable,
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  high quality academic programs across disciplines. The next article comes
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  from the November twelfth to twenty twenty five edition of
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  Here Lexington and is titled Fayette County Public Schools faces
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  sixteen million dollar deficit. State legislators have indicated they do
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  not plan to provide financial assistance to Faye County Public
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  Schools FCPS during the twenty twenty six budget year, leaving
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  the district to address its projected sixteen million dollar deficit independently.
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  With the Kentucky General Assembly opting not to intervene, Fayette
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  County Public Schools is faced with a challenge of negotiating
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  a significant financial shortfall on its own. This situation not
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  only tests the district's financial management capabilities, but also serves
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  as a reminder of the u S the importance of
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  fiscal responsibility in public institutions. In crafting a budget to
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  compensate for the sixteen million dollar deficit, FCPC has outlined
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  several cost saving strategies. These measures include freezing hiring for
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  all positions except those critical to classroom instruction and transportation,
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  minimizing travel and professional development costs, limiting district wide events,
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  and reallocating staff to address imbalances in personnel. The district
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  also hopes to generate revenue through the sale of the
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  South Side Technical Center facility located on Harrdsburg Road. Cost
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  saving strategies implement it. To navigate this financial landscape, FCPC
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  has carefully crafted a budget aimed at preserving essential educational services.
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  The hiring freeze is particularly noteworthy as it allows the
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  district to maintain crucial teaching roles while trimming non essential expenditures.
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  While no direct cuts to classroom positions are planned, potential
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  reductions and administrative roles may indirectly influence school operations, financial
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  audits and investigations. In light of its fiscal management challenges,
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  FCPS has initiated several reviews to bolster transparency and accountability.
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  The Kentucky State Auditor has commenced an investigation into the
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  district's financial practices, while Superintendent Demetrius Ligands has initiated an
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  internal audit. Furthermore, the FCPS Board of Education is pursuing
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  an external audit to comprehensively evaluate recent financial decisions. These
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  steps reflect a commitment to rectifying management practices in ensuring
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  the sustainability of the district. Legal challenges and legislative proposals.
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  Amid these fiscal challenges, budget director and Sampson Grimes has
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  filed a lawsuit claiming retaliation after she raised concerns regarding
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  fcps's finances. This legal action highlights the gravity of the
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  district's financial situation and brings into focus issues of governance
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  and oversight. Adding to the discourse, State Representative Vanessa Grossell
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  has proposed legislation to prohibit school districts from utilizing taxpayer
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  money to hire lobbyists. This proposal emerged following reports that
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  FCPS allocated thirty eight thousand dollars to a lobbying firm
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  to promote a tax increase, raising questions of fiscal prudence
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  and prioritization during a period of budget shortfalls. The proposal
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  underscores a focus on accountability in how educational institutions manage
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  their resources. Conclusion, the decision by state legislators to withhold
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  financial as systems places the onus on FCPS to reevaluate
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  its fiscal strategies and prioritize transparency and efficiency. As the
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  district navigates this budget crisis, community dialogue and involvement will
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  play crucial roles in shaping its future. Supporting local educational
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  initiatives and promoting responsible financial practices can foster the positive
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  growth of Lexington's educational landscape and contribute to a more
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  resilient community. The next article from here Lexington is titled
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  Key Priorities for Kentucky's Economic Growth Unveiled. Business Leaders plan
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  future strategies at twenty twenty six Legislative Preview. On November tenth,
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  twenty twenty five, business and legislative leaders convened in Lexington
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  for the Kentucky Chambers twenty twenty six Legislative Preview conference
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  outlining key priorities for the upcome coming session of the
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  Kentucky General Assembly focus on workforce development and housing, The
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  Kentucky Chamber emphasized the need to address barriers hindering Kentucky's
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  economic potential, particularly in workforce development and housing. These areas
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  are critical for enhancing the state's competitiveness and supporting business growth.
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  A skilled workforce is essential for attracting investment and fostering
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  innovative enterprise within local markets. Tax reform and economic competitiveness.
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  Building on previous tax reforms, the Chamber advocates for continued
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  efforts to improve Kentucky's business climate. This includes further tax
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  reductions and policies aimed at fostering a more competitive environment
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  for businesses operating within the state. Lower taxes can serve
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  as a catalyst for growth, enabling companies to reinvest their
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  savings into expansion and job creation investments in education and infrastructure.
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  Recognizing the importance of a skilled workforce, the Chamber calls
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  for increased investments in education and infrastructure. These investments are
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  essential for sustaining long term economic growth and ensuring Kentucky's
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  competitiveness in the national and global markets. Well structured educational
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  programs and robust infrastructure can empower Kentucky's workforce and attract
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  new business ventures. Legal liability reform and health care solutions
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  to maintain a favorable business environment, The Chamber supports legal
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  liability reforms. These adjustments aim to mitigate excessive litigation that
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  can stifle business innovation. Additionally, it advocates for sustainable health
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  care solutions that balance the needs of businesses and the
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  well being of Kentuckians, creating a healthier workforce that enhances productivity.
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  Insights from former governors. Former Governors Ernie Fletcher and Steve
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  Fisher participated in a discussion on civility and leadership, sharing
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  experiences on fostering respect, trust, and collaboration and governance. They
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  emphasized the importance of building trust and finding common ground
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  across party lines to address Kentucky's challenges, effectively reinforcing the
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  idea that collaboration is essential for long term progress. Legislative
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  leaders perspectives. House Speaker David Osborne highlighted Kentucky's strong financial position,
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  citing the record Rainy Day Fund and targeted infrastructure spending
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  as evidence of the state's fiscal health. He emphasized the
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  need for practical regulations, especially concerning employer based childcare, to
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  enhance workforce participation. Senate President pro Tim David Gibbons concur
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  noting that solutions to housing and childcare should be locally driven,
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  with a focus on reducing regulatory burdens, particularly in rural areas.
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  Looking ahead, the Kentucky Chamber remains committed to collaborating with
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  the General Assembly to advance policies that support workforce development, housing,
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  tax reform, education infrastructure, legal liability reform, and sustainable health
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  care solutions. These initiatives are vital for ensuring Kentucky's future
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  economic prosperity and competitiveness. Upcoming legislative session, the twenty twenty
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  six Kentucky General Assembly, is set to convene in January
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  of twenty twenty six. The Kentucky Chamber, along with other
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  business and legislative leaders, will continue to advocate for these
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  priorities to foster a robust and competitive business environment in
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  the Commonwealth. About the Kentucky Chamber. The Kentucky Chamber of
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  Commerce is a leading business advocacy organization dedicated to promoting
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  policies that enhance Kentucky's economic growth and competitiveness. Through collaboration
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  with business leaders and policy makers, the Chamber works to
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  create a favorable environment for businesses to thrive in the Commonwealth.
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  About the Kentucky General Assembly. The Kentucky General Assembly is
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  the legislative branch of the Commonwealth of Kentucky, consisting of
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  the Kentucky Senate and the Kentucky House of Representatives. It
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  is responsible for enacting laws, approving the state budget, and
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  addressing issues pertinent to the state's residents and businesses. About
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  the Kentucky Chambers Legislative Preview Conference. The Kentucky Chambers Legislative
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  Preview Conference is an annual event that brings together business
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  and legislative leaders to discuss and outline key policy priorities
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  for the upcoming legislative session. The conference serves as a
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  platform for collaboration and dialogue on issues impacting Kentucky's business
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  community and economic future. The next article comes from the
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  November twelfth to twenty twenty five edition of Louisville Business
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  First and is titled gen z is taking workplace grievances public,
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  It's causing challenges for employers, Written by Andy Medici gen
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  Z employees are more vocal and transparent about their careers,
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  and that dynamic is creating some challenges for employers. While
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  younger employees' willingness to openly discuss pay details is well documented,
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  they are also more likely than other generations to call
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  out their employers online, creating new challenges for companies to navigate.
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  According to a resume Genius survey of gen Z workers,
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  fifty percent of the respondents said they support naming and
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  shaming employers online to prevent workplace abuse, and seventy agree
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  social media helps expose toxic workplaces, but many of those
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  same young workers are cognizant that going public can have
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  career consequences. Approximately eighty three percent of those respondents said
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  discussing workplace struggles online can harm their professional reputations. Gen
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  Z's relationship with work is more transparent than any generation
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  before them, said Eva Chan, a career expert at resume Genius,
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  in a statement. They know that posting about their jobs
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  could backfire, but when they feel overworked, undervalued, or treated unfairly,
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  public platforms can feel like one of the few ways
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  to push for accountability and to connect with others who
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  share the same struggles despite knowing it could backfire. Thirty
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  three percent of the survey respondents said they'd share negative
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  information about their job even if the post was visible
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  to their employer. However, fifty eight percent said they wouldn't
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  post about private work frustrations on social media. The survey
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  found that forty two percent of gen Z workers said
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  they've posted or have at least considered posting about their
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  work struggles online, while twenty two percent have posted about
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  private work frustrations on social media. Additionally, eight percent said
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  they've used public accounts to do so, according to the survey.
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  Experts have said employers can navigate the complex dynamic by
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  maintaining effective channels for feedback, encouraging productive two way dialogue
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  between employees and managers, and having proper policies in place
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  to react and respond to employee concerns. What stands out
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  is gen Z's willingness to air workplace grievances online, out
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  there for the whole world to see, said Resume Genius
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  career expert Nathan Sodo. In the absence of proper feedback channels,
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  employees have no assurances that their concerns will be taken seriously.
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  Taking those precautions doesn't guarantee young workers still won't go
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  public with complaints, but it does provide avenues to handle
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  situations internally when layoffs go online. Of course, young worker's
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  willingness to be vocal about their career experiences also includes
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  when they're laid off or terminated. An analysis of more
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  than three thousand videos with layoff and related hashtags posted
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  on TikTok by global outplacement and career development firm Career
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  Minds found most videos featured reactions to terminations. The analysis
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  showed many workers are recording calls or other interactions with
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  company executives before being let go, actions that could come
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  into play in litigation. Experts say the trend is leading
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  many employers to adapt their approach to job cuts to
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  account for the possibility that workers could live stream, broadcast,
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  and recount their layoffs. This concludes the reading of the
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  most recent business news in Lexington, Louisville, and around the state.
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  Your reader today has been Julia Shane. If you have
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  any questions or comments about this program, please give our
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  Lexington Studios a call at eight five nine four two
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  two six three nine zero. Thanks for listening, and now
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  please stay tuned for readings from the Kentucky series here
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  on Radio I