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Metro Newsroom

Mayor Vetoes New Mandates on Business Investments

Tuesday May 19, 2009

Ordinance Would Hamper Efforts to Create Much-Needed Jobs

Mayor Jerry Abramson today vetoed a recently passed ordinance by the Metro Council that would undermine Louisville’s efforts to create jobs by imposing new mandates on most private investments that include public funding.

The ordinance would put Louisville “at a serious disadvantage with competitor cities in attracting private-sector jobs and economic investment” at a critical time, Abramson said in his veto letter to the council.

“I am vetoing this ordinance because it creates obstacles to job creation and economic investment at a time when our country is suffering from the longest national economic recession since the Great Depression and our community is grappling with the highest unemployment levels in more than two decades,” Abramson wrote.

“As leaders, I believe now is the time to focus our energies on creating jobs, not obstacles to job creation.”

The ordinance would require private businesses investing tens of millions of dollars to create jobs in Louisville to pay prevailing union wages on all construction work if they received a minimum of $500,000 in public funds.

This is only the third time in nearly 20 years as mayor that Abramson has vetoed an action by the city’s legislative body.