Thanks for Renewing Your Membership | August 2024

One Southern Indiana would like to thank the following members for renewing their membership during the month of August 2024.

Quarter Century Club (25 Years or More)Member Since
Frank Stemler & Sons dba Stemler Plumbing1977
AAA Hoosier Motor Club1984
Chase1988
Community Foundation of Southern Indiana1995
Chemtrusion, Inc.1996
Renaissance Design Build, Inc.1999
  
Ten to 24 Years 
Youth Link Southern Indiana2004
Caesars Foundation of Floyd County2005
Mariner Wealth Advisors2005
Impact Sales Systems2007
Talis Group, Inc.2007
Northern Continental Logistics2008
American Beverage Marketers, Inc.2009
C3 Tech2009
Town of Clarksville2009
HJI Supply Chain Solutions2010
Lindsey Wilson College2010
LifeSpan Resources, Inc.2012
Lotus Sign & Design2012
Brown-Forman2014
World Trade Center Kentucky2014
  
Five to Nine Years 
Louisville Orthopaedic Clinic2015
Knapheide Truck Equipment Co.2016
Louisville Zoo2016
South Central Regional Airport Authority2016
Groups Recover Together2017
PMC Regional Hospital2017
Franklin Pest Solutions2018
KY-IN Paralyzed Veterans of America2018
McRae Enterprises, LLC2018
Cattleman’s Roadhouse2019
Progressive Material s2019
Wooded Glen Recovery Center2019
  
Two to Four Years 
Big O Tires – Sellersburg2020
Conrad Brothers Moving & Storage2020
East End Crossing Partners2020
Hilton Garden Inn Jeffersonville Louisville North2020
Idemitsu Lubricants America Corporation2020
Avant-Garde Turnstiles2021
Harry’s Taphouse and Kitchen2021
River City Bank of Kentucky2021
Southern Indiana United Soccer Club2021
Stein Law2021
Zoeller Pump Company2021
CertaPro Painters of Kentuckiana2022
EightTwenty2022
Lamar Advertising2022
Louisville Low Voltage LLC2022
RQAW Corporation2022
Shrewsberry & Associates, LLC2022
Taft Law2022
TNT Fireworks2022
Upland Brewing Company2022
  
One Year 
AJ Business Consulting2023
Alee Solutions 2023
Charleston Place at New Albany2023
Classic Truss and Wood Components, Inc.2023
Cornerstone Insurance Agency, LLC2023
Lilys SoftWash LLC2023
Office Resources, Inc.2023
Resort 4 Paws2023
Unbreakable Bonds Catering LLC2023
Versa Designed Surfaces2023

Welcome New Members | August 2024

Economic Update | And Still No Recession

submitted by
Uric Dufrene, Ph.D., Sanders Chair in Business, Indiana University Southeast

The Federal Reserve received the data it needed to finally pivot from an inflation emphasis to a focus on employment, and along with that, a signal of the first interest rate cut.  The last CPI (Consumer Price Index) came in weaker than expected, both at the headline number and the core rate (CPI minus food and energy). The PPI (Producer Price Index), issued just a day before CPI, also came in softer than expected. The favorable inflation readings, along with the weak employment report for July, combined to provide a green light to the Federal Reserve for a potential rate cut come September. Equity markets approved and are again pushing all-time highs. The market meltdown from early August is a distant memory.   

Emerging from the pandemic has led to challenges for the economic forecasting industry. Predictions of recessions have yet to materialize. The last national employment report, for example, triggered the so-called Sahm Rule, which basically says that the economy is in a recession if the three-month moving average of the U.S. unemployment rate rises by more than .5 percentage points from the lowest 3-month average unemployment rate over the past 12 months. It has been historically accurate and only produced two false positives since 1959. 2024 may be the 3rd. 

The yield curve, quite accurate for every recession since the early 80s, has also produced a recession signal that has yet to be accurate. The yield curve inverts when rates on 10-Year Treasury securities are lower than shorter-term rates, such as the yield on 2-Year Treasuries. The current yield curve became inverted back in July 2022, and a recession has not been declared. My outlook back in November 2022 included a recession call for 2023, and clues from the yield curve was one of the primary reasons. Higher interest rates have slowed the economy, as intended, but not to the extent of a recession declaration.   

Another measure, industrial production, was also flashing a possible recession signal starting last year.  Industrial production, which measures the output in manufacturing, mining, and utilities, coincides with a recession when year-over-year changes become negative. Going back to the 1920s, a negative change in industrial production not resulting in a recession has only occurred on three separate occasions. Over the past year, year-over-year changes in industrial production have hovered around 0, with 9 of 12 months being negative. So, the current cycle may be the 4th time that industrial production has turned negative, but absent a recession. 

Another economic indicator with some information about the state of the economy is new claims for unemployment.  As the economy slows, layoffs increase, leading to higher unemployment rates, less consumer spending, and an upward spiral of overall slower growth.  For unemployment claims, the number to watch is about 350,000. This is not a precise rule, but when new claims for unemployment approach 350,000 or surpass that level, a recession may be likely. The latest claims for unemployment were at 232,000, and the highest level for 2024 was 243,000.    

During a recession, consumers are expected to spend less on goods and services. But this is not always the case. In the 2001 dot com recession, spending on both goods and services increased from recession start to recession end.   During the Great Recession, spending on services remained just about flat, but goods spending saw noticeable declines. In the quick Covid recession, spending on both goods and services plummeted, but quickly recovered and saw subsequent spikes in both goods and services spending to all-time highs. Goods spending saw some declines from 2023 to 2024 but has stabilized since.  Services spending continues unabated. Based on recessions going back to 2001, reductions in both goods and services spending are not necessarily present during a recession, however.    While we can probably rule out a complete collapse of the consumer, softening in both goods and services spending is still likely.  

Data continue to point to an overall softening of the economy, but not quite a recession, just yet.  The soft landing is in sight once again.   

Locally Operated Pet Care Facility Opens in Southern Indiana, Offering Premier Boarding, Grooming, and Daycare Services

Locally Operated Pet Care Facility Opens in Southern Indiana, Offering Premier Boarding, Grooming, and Daycare Services 

FOR IMMEDIATE RELEASE – Southern Indiana – 8/15/2024 – Resort 4 Paws, a state-of-the-art pet care facility located at 1430 Cedar Street, Clarksville, Indiana, is now open to the public.  Resort 4 Paws is independently owned and operated by local entrepreneurs. 

As the newest addition to the local pet care market, Resort 4 Paws is committed to ensuring every furry friend is treated with the utmost care and attention.  Our team is dedicated to providing exceptional boarding, grooming and daycare services for dogs and cats of Kentuckiana. 

At Resort 4 Paws, we understand that pets are family!  Our facility boasts a range of services designed to cater to the diverse needs of our clients, focusing on an environment that is Safe, Clean & Fun!  They include: 

  • Dog and Cat Boarding:  Spacious, comfortable accommodations tailored to ensure a relaxing stay for your pets.  
  • Professional Dog Grooming:  A full suite of grooming services to keep your pet looking and feeling their best 
  • Doggy Daycare:  A safe, engaging environment where dogs can socialize and play under the supervision of trained staff.  

Resort 4 Paws also boasts a large versatile event space within the facility. This unique area can be utilized for various gatherings, from pet-centric events and training workshops to community meetings and celebrations. Our goal is to create a hub for pet lovers and the community, fostering connections and support amongst pet owners.  

“We are excited to bring a new level of pet care to this market, said Stephen Hoard, Co-Founder of Resort 4 Paws. Our facility is designed with the well-being of pets in mind, and we are eager to serve our community and their furry companions.” 

For more information about Resort 4 Paws, please visit www.r4paws.com or contact us at 812-946-4998.  

About Resort 4 Paws – – Resort 4 Paws is a premier pet care facility located in Southern Indiana, just 5 minutes across the Lincoln bridge offering boarding, grooming, and daycare services for dogs and cats. With a commitment to offering a Safe, Clean and Fun environment for the pets and owners we serve. 

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Earn Points and Claim Exclusive Prizes with the SoIN Fun Trail Digital Passport

Use the passport to explore family-friendly locations in Southern Indiana through Labor Day Weekend  

Southern Indiana (August 22, 2024) – The SoIN Fun Trail digital passport continues in Southern Indiana, connecting passholders to fun activities in Clark and Floyd counties. Families can sign up and use the free passport to earn points for prizes now through September 2, 2024. 

This weekend only, SoIN Fun Trail passholders can take advantage of a limited time offer. From August 23 – 25, passholders can stop by the Southern Indiana Visitor Center, 128 Spring Street, Suite 106, Jeffersonville, to claim a free Falls of the Ohio State Park mammoth mug! The visitor center is open from 10 a.m. – 5 p.m. Monday – Saturday and from Noon – 5 p.m. on Sunday. One mug per passport. Offer is available while supplies last. 

More than 80 locations are on the SoIN Fun Trail, including places where families and individuals can play, stay, dine, explore and learn. Check in while: 

  • Finding the Force at “Star Wars Meets Indiana Jones: The Hero’s Journey of Dr. David West Reynolds” (on display at the Floyd County Carnegie Library Cultural Arts Center thru August 31) 
  • Taking a guided kayak tour on Deam Lake 
  • Aiming for a strike during Cosmic Bowling at Clarksville Strike & Spare 
  • Painting a masterpiece at Viva Art 
  • Learning about birds, bones and more on an interpretive hike at Charlestown State Park 

More than 20 locations have special offers exclusive to passholders. Offers include: 

  • Get $2 off admission at Clarksville Cove waterpark 
  • Buy one tea at the tea bar, get one tea at the tea bar free Spice & Tea Exchange 
  • Free Small ½ bucket of range balls at Wooded View Golf Course 
  • 20% off any ukelele at Maxwell’s House of Music 
  • $5 off any purchase of $30 or more at Legacy Pizza & Bakery 
  • 5% off room rate at TownePlace Suites by Marriott Louisville North 

Prizes 
Participants check in at participating locations to earn points that can be used to shop for gift cards to SoIN locations like Indiana State Parks, Wimsatt Soap & Soy Candle Bar, Regalo Gifts and H.M. Franks an O’Shea’s Pub. Passholders can also use their points to rack up entries for the grand prize drawing – a “Visit SoIN Again” package including a stay at TownePlace Suites in Jeffersonville, a gift card to J&B Magic Shop & Theater for a show of your choice, a 1-hour pickleball clinic at Goodbounce, a gift card to RecBar 812, and more! Passholders choose when and how to redeem points. Points must be used by September 15, 2024. 

Game On 

For the most dedicated Fun Trail passholders – the first 20 individuals to complete the SoIN Fun Trail by checking in at all locations on the pass will receive an exclusive Fun Trail t-shirt commemorating their achievement. 

Passholders can view all participating partners, special offers and prizes in their passport. Some restrictions apply. Check with participating businesses for full details. 

Getting Started 

Those interested in signing up for the free SoIN Fun Trail passport can visit GoSoIN.com/Passports. The website includes more details on the passport, prizes and step-by-step instructions on how to sign up. 

If you are interested in interviewing someone about the SoIN Fun Trail or if you would like more details, please contact Communications Manager Anna Rosales-Crone at Anna@GoSoIN.com or 812-282-6692. 

SoIN Tourism is the official destination marketing organization for Clark and Floyd Counties in Southern Indiana, just north of Louisville, Ky. Offering authentic experiences in the Kentuckiana region, SoIN includes historic downtowns in Jeffersonville and New Albany, Clarksville’s retail corridor, as well as the communities of Charlestown, Floyds Knobs, Henryville, Memphis, New Washington, Sellersburg, and Starlight. Visitors who would like more information can visit the destination’s website, GoSoIN.com. 

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Louisville Zoo Welcomes Infant Gorilla for Fostering

LOUISVILLE, Ky. (August 20, 2024) –The Louisville Zoo has welcomed a 1 ½-month-old infant male western lowland gorilla named Abeo (ah-bay-OH) to our award-winning Gorilla Forest habitat. His name means “bringer of happiness” in Yoruba, a language spoken in West Africa. Born on June 28 at the Woodland Park Zoo in Seattle, Washington., the infant is the offspring of Akenji, a first-time mom. When Akenji was unable to bond with her infant and when training another foster didn’t progress fast enough, Woodland Park officials moved into quick action to find suitable care for the infant gorilla.

Woodland Park Zoo collaborated with the Gorilla Species Survival Plan (SSP) to secure a new home. The SSP, a cooperative breeding program managed by the Association of Zoos and Aquariums (AZA) aims to ensure a healthy, self-sustaining population of gorillas. The program maintains a list of potential foster gorillas across the country.

The Louisville Zoo’s 40-year-old female gorilla, Kweli, was selected to be the baby’s foster mom due to her success with Kindi – our now 8-year-old, sub-adult female gorilla. Kindi was orphaned after her mother, Mia Mojo, died the day after giving birth.

“While we always hope for a natural mother-infant bond, circumstances sometimes require alternative solutions for the well-being of the gorilla,” said Louisville Zoo Director Dan Maloney. “Our Gorilla Forest care team’s successful work with Kindi and Kweli stands as a testament to their expertise. Kweli is a dedicated mother, and Kindi is thriving in her family group, showing all the proper, healthy gorilla behaviors. I look forward to seeing this young gorilla flourish with his new family.”

The Gorilla Forest keeper team will provide round-the-clock care for the infant, including feeding, socializing, and using behavioral cues, including vocalizations like those of a gorilla mother. This approach will mirror the successful process implemented with Kindi in 2016. The team will work to ensure that the infant can navigate the habitat and respond to training cues, including coming to the habitat mesh on request to receive a bottle. Initially, interactions with the adult gorillas will occur through a mesh panel, known as a “howdy door,” to facilitate gradual introductions. Once these key milestones are met, the infant will have closely monitored bonding sessions with Kweli, his foster mother, before being integrated into the existing gorilla troop. This troop includes silverback Casey (42 years old), adult females Paki (35 years old), Kweli (40 years old), young female Kindi (8 years old) and recently added Patty (11 years old). The group will rotate with bachelor gorillas Bengati, Jelani, Cecil, and Kicho.

The infant gorilla’s highly anticipated public debut in the Gorilla Forest will occur after he has been successfully introduced to his new home and introduced to Kweli. The Zoo will provide updates on his progress through a dedicated blog at louisvillezoo.org/gorillafoster and via its social media channels.

Guests can also “adopt” Abeo through a special ADOPTS package which includes a plush gorilla, an adoption certificate, an animal fact sheet, a Zoo magnet, the adopter’s name listed on the Zoo’s website, a Fahlo bracelet that tracks gorillas in the wild and two admission passes to visit to the Louisville Zoo — all for $99. Visit louisvillezoo.org/adopts for more information and to purchase.

Gorilla Conservation Status

Only found in the dense forests of west central Africa, gorillas are critically endangered and could face extinction if stronger efforts are not mounted to protect them. The primary threats to their survival are illegal poaching, civil unrest, disease, and habitat destruction due to extractive industries such as mining.

Zoo Hours

The Zoo is open daily year-round. Summer hours are 10 a.m. – 5 p.m. (stay until 6 p.m.) through Sept. 22, 2024. The Zoo will close early on Saturday, August 24 (10 a.m. – 2 p.m., exit by 3 p.m.) for Brew at the Zoo with Wine and Food, Too! The Zoo is open year-round except on Thanksgiving, Christmas, and New Year’s Day. Visit louisvillezoo.org for more information.

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The Louisville Zoo, the State Zoo of Kentucky, is the top, non-profit, paid attraction in the state. The Zoo is dedicated to bettering the bond between people and our planet by providing excellent care for animals, a great experience for visitors, and leadership in scientific research and conservation education. The Zoo is accredited by the Association of Zoos and Aquariums (AZA).

 

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Republic Bank is the Only Bank in Top 10 on 2024 Corporate Philanthropist List

Republic joins large companies from all industries receiving recognition.
 
Louisville, Ky. (Aug. 19, 2024) – Republic Bank (“Republic” or “the Bank”) has been recognized as eighth on the list large company in Louisville Business First’s 2024 Partners in Philanthropy awards. Republic is the only financial institution of any kind to be honored in the top 10 in the large company category of the Corporate Philanthropist Lists.
 
“We’re honored to be named a top-10 Corporate Philanthropist in Greater Louisville,” Logan Pichel, Republic Bank president and chief executive officer said. “Being the only bank honored in the large business category speaks volumes about our investment in the community – in addition to our commitment to serving our clients, associates and partners.”  
 
Partners in Philanthropy is an annual Louisville Business First program that highlights local businesses and their donations and partnerships with charities. Republic is one of the top capital donors in Greater Louisville, earning the distinction on the 2024 Corporate Philanthropists Lists.
Republic is a committed partner to numerous community organizations throughout Greater Louisville. Most recently, the Bank partnered with Kentucky African Americans Against Cancer (KAAAC) and Kare Mobile to improve health outcomes in the West End through free health screenings at its fourth annual Juneteenth celebration in an effort at the Republic Bank Foundation YMCA.
 
“Our roots are in Louisville, and this notable designation is a testament to the strength and stability we’ve built by serving our community for more than 40 years,” Republic Bank Executive Chair Steve Trager said. My father, the founder of Republic Bank, used to say ‘what we make here, stays here,’ and we’re proud to continue that today.”
This is the eighth consecutive year the Bank has been recognized by Louisville Business First and included in the Partners in Philanthropy Lists. All 2024 Large Company Corporate Philanthropist award winners can be found at: https://bizj.us/1qlvth.

About Republic Bank 

Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently has 47 banking centers in communities within five metropolitan statistical areas (“MSAs”) across five states: 22 banking centers located within the Louisville MSA in Louisville, Prospect, Shelbyville, and Shepherdsville in Kentucky, and Floyds Knobs, Jeffersonville, and New Albany in Indiana; six banking centers within the Lexington MSA in Georgetown and Lexington in Kentucky; eight banking centers within the Cincinnati MSA in Cincinnati and West Chester in Ohio, and Bellevue, Covington, Crestview Hills, and Florence in Kentucky; seven banking centers within the Tampa MSA in Largo, New Port Richey, St. Petersburg, Seminole, and Tampa in Florida; and four banking centers within the Nashville MSA in Franklin, Murfreesboro, Nashville and Spring Hill, Tennessee. In addition, Republic Bank Finance has one loan production office in St. Louis, Missouri. The Bank offers internet banking at www.republicbank.com. The Company is headquartered in Louisville, Kentucky, and as of June 30, 2024, had approximately $6.6 billion in assets. The Company’s Class A Common Stock is listed under the symbol “RBCAA” on the NASDAQ Global Select Market. 
Source: Republic Bancorp, Inc. 
Republic Bank. It’s just easier here. ® 
 
Media Contact 
Jim Ensign, Senior Vice President & Chief Brand Officer 
(502) 584-3600 
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Clarksville to Host Ribbon-Cutting for New Storywalk® in Gateway Park

Storywalk® made possible with a $10,700 grant from Duke Energy Foundation.

 

CLARKSVILLE, IN (August 19, 2024) – Nature and imagination come together as the Clarksville Parks and Recreation Department prepares to unveil a new Storywalk® in Gateway Park.  The project is a special collaboration between the Clarksville Parks Department, Jeffersonville Township Public Library, and the Duke Energy Foundation.

A Storywalk® is a picture book which families and young children can enjoy while traveling along a walking path.  In this case, the story will be told as visitors travel along the walking path around the Little League fields in Clarksville’s Gateway Park.  The project was made possible thanks to a $10,700 grant from the Duke Energy Foundation.

A special ribbon-cutting ceremony will be held on Monday, August 26th at 10:00am to celebrate the grand opening of Clarksville’s new Storywalk®.  Area residents and members of the media are invited to join us for this celebration of nature and imagination!

WHAT:              Ribbon Cutting for Clarksville’s New Storywalk®

WHEN:             Monday, August 26th @ 10:00am

WHERE:           Gateway Park – 500 Little League Boulevard, Clarksville, IN

 

 

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Nonprofit Spotlight | Jeffersonville Township Public Library

Jeffersonville Township Public Library
Jefflibrary.org

211 E. Court Avenue
Jeffersonville, IN  47130
812-285-5633
Contact person: David Seckman, Executive Director

1312 Eastern Blvd.
Clarksville, IN  47129
812-416-8128
Contact person:  Dave Thomas, Foundation President

Vision Statement:
Sharing the Joy of Lifelong Learning by Connecting People and Ideas

Year established:
1852. The Jeffersonville Township Public Library has its roots in the workingmen’s library movement of the early 1800’s.

Counties/regions serviced:
Southern Indiana, with an emphasis on the Clark County cities of Jeffersonville and Clarksville, while enjoying reciprocity agreements with surrounding counties and their library systems.

Focus areas:
The Jeffersonville Township Public Library (JTPL) is a vibrant cultural and educational, community destination that welcomes everyone to gather, engage, create, learn, and grow.

Impact in Community:
The Jeffersonville Township Public Library connects people and ideas through experiences, technology, and information in the pursuit of lifelong learning.

Volunteer Opportunities:
Volunteer at the library, or with the Friends of the Library, serve on the Library Foundation Board or as a Trustee.

How 1si members can help:
There are a multitude of ways to help YOUR library that will enhance your business or organization. Planned Giving, Corporate Donations, Payroll Deduction, Point of Sale contributions or becoming a corporate sponsor of the Summer Reading Program.

Offer library cards to your employees, use our resources to obtain hardbound and audio books, puzzles, movies, music and documentary CD’s, free tutoring, online database access, computer labs, programs, training, job postings and search resources, historical, business, geographic, scientific, and genealogical research, make inexpensive purchases of all media types from our massive used bookstore and book free rooms for study or group meetings!

Attend the 1si Non-profit Round-table discussion on August 14th, at the library. Jeffersonville Township Public Library at 211 E. Court Avenue, Jeffersonville, IN 47130. Beginning at 8:30 AM and held in our North Program Room (immediately on your right when entering the library), we will be concluding discussions on Board Involvement and providing coffee and donuts!

Additional information:
Single or repetitive giving opportunities are available online, in-person, by mail, electronic (wire) transfer, wills, bequests, endowment contributions, stock, security, life insurance, real estate, or artifact donations to the Jeffersonville Township Public Library Foundation.

We welcome the opportunity to work with your investment or tax professional to arrange an IRS section 135 tax exempt donation. Click here to donate, or contact us:

Donate: http://www.jefflibrary.org
Contact: foundation@jefflibrary.org