Wednesday July 20, 2005
The temperature is not the only thing that is hot in Louisville. Mayor Jerry Abramson today announced that Louisville was ranked ninth among the nation’s “Hot Headquarters Metros for the 21st Century.”
In its upcoming issue, the national economic-development magazine Business Facilities ranks the top U.S. metropolitan areas for their ability to attract corporate headquarters. The issue is to be released later this week. "It is rewarding to see Louisville again nationally recognized for the progress we’re making economic development,” Abramson said.
He cited another recent ranking by BestPlaces that named Louisville the fifth-best city for relocating families. “These rankings are more than simple recognitions on paper. They are proof that Louisville is on the right track in creating a positive environment for business and in fostering an enjoyable and liveable hometown for families,” Abramson said.
For the headquarters ranking, Business Facilities considered metro areas’ number of existing headquarters and growth in number of headquarters from 1990 to 2000, and weighted each based on the community’s population. The magazine measured headquarters of publicly traded companies with 2,500 or more employees worldwide. Companies such as Atria, Brown-Forman, Humana, Kindred, LG&E, Papa John’s and YUM! Brands helped comprise Louisville’s top ten ranking.
“Louisville’s ranking shows the impressive growth it has experienced in its attraction of corporate headquarters over the last ten years, relative to its size,” said Karim Khan, Business Facilities editor-in-chief. Louisville ranked ahead of other cities of comparable size in the Midwest region, such as Columbus, Ohio and St. Louis, as well as larger metropolitan areas such as Denver, Miami and Dallas.
“We’re very pleased to see Louisville receive this recognition,” said Steve Higdon, president and CEO of Greater Louisiville Inc.-The Metro Chamber of Commerce. “The ranking validates our economic development efforts and the strategic approach we are taking to make Louisville an economic hotspot. This kind of positive attention will raise visibility of our region and help our attraction and expansion efforts.”
Business Facilities is a national economic-development and site-selection magazine, providing monthly news information for more than 40,000 corporate executives responsible for the expansion or relocation of their companies.