Author - KAM

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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Kentucky Awarded $530,000 Grant to Assist Small Businesses in Selling Internationally

Kentucky’s small businesses can apply for a portion of a $530,000 State Trade Expansion Program (STEP) grant, received through the U.S. Small Business Administration, to help companies begin exporting or boost current international sales, Gov. Matt Bevin today announced today.  “Small businesses are the backbone of Kentucky’s economy, and we are excited to see the doors of opportunity that these funds will open,” said Gov. Bevin. “This is the largest sum Kentucky has ever received from STEP and I encourage [...]

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Blackstone Media Collaborates with Brown-Forman, Launches Sonoma-Cutrer Website

Louisville-based digital agency Blackstone Media, recently launched a new, interactive website for Sonoma-Cutrer Vineyards, Brown-Forman’s sole wine brand. The new site is part of the agency’s recent strategic partnership with the Sonoma-Cutrer brand. The updated, mobile-friendly website features a user-friendly interface; an enhanced club membership experience; interactive vineyard maps for each of its six vineyards; virtual wine swirls and process videos; and an upgraded eCommerce shopping experience for customers. The agency’s collaboration with the high-end winemaker also includes key digital [...]

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KENTUCKY ASSOCIATION OF MANUFACTURERS NAMES NEW EXECUTIVE DIRECTOR

After an extensive and deliberative search, the Kentucky Association of Manufacturers (KAM) is pleased to announce that a new Executive Director has been selected. Lee Lingo will be taking the helm of KAM beginning on September 18, 2017. Lee comes to KAM from the Hopkins County Regional Chamber of Commerce, where he served as President & Executive Director.  Lee has a passion for economic and workforce development and demonstrates the energy and vision to lead KAM into an increasing level [...]

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Tech and industry giants partner with Kentucky startup to advance the US Manufacturing supply base towards a tech-enabled future

Ky-based startup MakeTime announced the launch, and participating industry partners, of the MakeTime Shop Advantage Program at Modern Machine Shop’s inaugural Top Shops conference. The program is the first of its kind and is designed to make technology, sophisticated hardware and business services more accessible to the U.S. manufacturing base, which contributes over $2 trillion to the U.S. economy annually. Inaugural partners include: global 3D design software giant, Autodesk; the world’s leading supplier of cutting tools and tooling solutions, Sandvik Coromant; [...]

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Caine & Weiner achieves SSAE 18 status

Caine & Weiner is proud to announce that the company has achieved the SSAE 18 standard. The American Institute of Certified Public Accountants (AICPA) made an important update to the Statement on Standards for Attestation Engagements (SSAE) that simplifies and converges standards to unify them with international standards. The previous SSAE 16 SOC 1 Type 2 Audited status will now simply be known as SOC 1 Type 2 Audited and can be recognized by the blue AICPA/SOC logo. The new [...]

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Registration Open for Kentucky Registered Apprenticeship Summit in Louisville September 11-12

The Kentucky Registered Apprenticeship Summit, a collaborative effort between the Kentucky Labor Cabinet, Cabinet for Economic Development, Education and Workforce Development Cabinet and the Department of Education, will be held at the Seelbach Hilton Hotel in Louisville from September 11 – 12, 2017. The inaugural Kentucky Registered Apprenticeship Summit will bring apprenticeship stakeholders together with business, education, and civic leaders from across the Commonwealth to discuss ways this proven training model can transform our state’s workforce. These goals are [...]

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