Monthly Archives - October 2017

Toyota Unveils $80 Million Production Engineering Headquarters in Georgetown

Gov. Matt Bevin today joined Toyota executives and local officials in Georgetown to celebrate the opening of the company’s $80 million North American production engineering headquarters. More than 600 engineers at the new facility connect the dots between Toyota’s vehicle design teams and its factory production lines. Known as the Production Engineering Manufacturing Center, the Georgetown facility will also help innovate and develop new technology for Toyota’s manufacturing plants across North America. “Toyota’s impact on the Kentucky economy reaches every corner [...]

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The High Value of the Right Skills

Companies averaged a savings of $400,000 annually per technician, or six times a technician’s average salary, when they employed “precision” maintenance technicians and engaged precision maintenance practices, according to a recent report from the University of Tennessee Knoxville-Reliability and Maintainability Center (UT-RMC). Additionally, these advanced technical maintenance skills and properly trained technicians helped avoid about 50 percent of human-error-generated issues. It’s no secret that a skilled workforce can make a significant difference in profitability. It sounds simple and obvious, but [...]

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GE Appliances Leads in Connectivity for Real Life

Imagine a world in which you can use your voice to tell your dryer to continue tumbling. Your oven to help you become a better, more confident cook. And, your dishwasher pods can reorder themselves. Thanks to GE Appliances and its partners, we are living in a world where those and many more innovations are part of our reality. GE Appliances is the first manufacturer offering a full suite of connected appliances, made possible through numerous strategic partnerships with fellow [...]

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KAED Hires New President/CEO

  After a comprehensive search, the Kentucky Association for Economic Development (KAED) board of directors has announced that a new president/CEO has been selected. Matthew Tackett will join KAED on Oct. 23, just in time for the organization’s 50th Anniversary Celebration and Annual Conference, being held in Bowling Green Nov. 8-10. Tackett comes to KAED from the Kentucky Gas Association (KGA), where he served as executive director for the past seven years. Madison Silvert, chair, KAED executive board of directors, said, “Matt [...]

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Annual Workers’ Comp Filing Approved

Today, the Kentucky Department of Insurance (DOI) announced the approval of the 2017 rate filing used to develop rates for workers’ compensation coverage.  For the twelfth consecutive year, the filing shows an overall decrease in Kentucky’s loss costs.  A loss cost is the average compensation for lost wages based on the level of disability, plus medical benefit payments. DOI Commissioner Nancy Atkins attributes the decrease to the hard work of Kentucky employers and workers.  “We were very pleased to see [...]

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