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Economic Development Newsroom - 2012 Archive

City Holds Two Sales Training Workshops
With overwhelming success of a pilot sales institute, the city is partnering with two training/staffing agencies to hold two additional Sales Training Institute for participants to learn what it takes to be a successful sales representative.

Six New Retail Businesses Open on S Fourth St
By next spring, downtown Louisville will welcome six new retail businesses to South Fourth Street between the Seelbach and Brown Hotels.

NHK Louisville to Expand Operations, Add 50 Jobs
Governor Steve Beshear and Mayor Greg Fischer today announced plans by NHK Spring Precision of America Inc. (NHK Louisville) to expand operations in Louisville. The company plans to add 50 new, full-time jobs and invest more than $19 million in the Commonwealth.

Indatus Opens Headquarters on East Main St
Indatus and Mocura, both under the ownership of ICIM Corporation, plan to establish headquarters on 118 East Main Street in Louisville. Indatus and Mocura will create 100 new jobs and establish a tier-2 datacenter with full network operations center and staff in the renovated historic building.

Three Small Businesses Receive METCO Approval
Four loans in the amount of $995,000 were approved by the Louisville Metropolitan Business Development Corporation. These loans will assist three businesses in environmental clean-up, façade improvement, and business start-ups.

Construction Begins on New Sheppard Square
Congressman John Yarmuth (KY-3) and Mayor Greg Fischer announced that Louisville’s $101 million redevelopment of Sheppard Square, the city's third HOPE VI revitalization, begins with new construction in the Smoketown neighborhood.

LG&E Announces Environmental Upgrades to Mill Creek Facility
Mayor Greg Fischer joined other state and local officials today to outline nearly $940 million in environmental upgrades that are beginning at the Mill Creek Generating Station in southwestern Jefferson County. Improvements expected to create nearly 700 construction jobs

City Launches Pilot Sales Training Institute
Citing sales positions as the number one unfilled job in Louisville, Mayor Fischer announced a new Sales Training Institute for participants to learn what it takes to be a successful sales representative.

City Installs New Solar Powered Recycling and Trash Compactors
Mayor Greg Fischer unveiled new on-street solar-powered receptacles that will allow the public to be more environmentally-friendly when disposing of their trash or recycling.

Beam Locates New Global Business Center in Downtown Louisville
Beam Inc. (NYSE: BEAM), a leading global premium spirits company, announced today that Louisville will be the home of its new Global Business Services Center. Expected to open in Q2 2013, the center will be located at 400 S. Fourth Street and will provide a highly visible presence for the world’s No. 1 Bourbon maker, Beam, in the heart of Fourth Street Live! The center will bring 60 new professional jobs to the Commonwealth, with an estimated combined payroll of approximately $5 million.

METCO Approves One Loan Amends Another
One loan in the amount of $47,500 was approved by the Louisville Metropolitan Business Development Corporation, to The Silver Spoon, a catering business that has been operating since 1986 in the Louisville and Lexington area.

Food Trucks To Celebrate Local Food Day
Louisville’s food trucks will be gathered on the streets around Metro Hall on Friday, November 2, from 11 a.m. to 1 p.m., as they compete for bragging rights for fare that is purchased and prepared locally.

Study Shows Strong State Local Impact of Fourth Street Live
Fourth Street Live has been an important catalyst for downtown’s growth during the last decade and taxpayers, who helped build the entertainment district through various incentives, will see more than a three-for-one return on their initial investment, according to an economic impact study released today.

Nucleus Opens New Home for Startups
A vacant building has been transformed into an inexpensive space for entrepreneurs and startup companies to set up shop and share ideas with their peers. The building, called iHub, was officially opened today at a ceremony attended by University of Louisville President James Ramsey, Kentucky Gov. Steve Beshear, Louisville Mayor Greg Fischer and Congressman John Yarmuth.

Free Parking at PARC Locations for Eric Church With Donations
Fans heading to the Eric Church concert at the KFC Yum! Center October 14 will be able to park for free in PARC garages and surface lots – in exchange for donations of toiletry items. The facilities closest to the Yum! Center will be taking donations: the Arena Garage, 1st and Main Garage, Wharf Lot and Riverfront.

Free Training to Become Moving Van Operators
Free training will soon be available for people who want to become long-distance moving van drivers and earn $40,000 a year or more, Mayor Greg Fischer announced today. According to industry experts, this is one job category that is about to boom, in Kentucky and across the nation. Congressman John Yarmuth and other community leaders also joined to discuss the new workforce training program which is funded by federal dollars.

METCO Approves Two Loans to Small Businesses
Two loans in the amount of $160,000 were approved by the Louisville Metropolitan Business Development Corporation. These loans will leverage $860,000 in total investment.

Ted Smith Accepts White House Award
Ted Smith, Louisville Metro’s Chief of Economic Growth and Innovation, was named a “Local Innovation Champion of Change” late last week, by the White House through a program that recognizes innovators in various sectors of the economy.

City Sponsors First CycLOUvia Event
Mayor Greg Fischer announced today that Bardstown Rd./Baxter Ave., from Broadway to the Douglass Loop, will close to vehicular traffic on Sunday, October 14, from 2 – 6 p.m. to become a paved linear park, where residents and visitors can bike, walk, skate, and dance.

City Accepts Tree Donation to Start Increasing Tree Canopy
Mayor Greg Fischer helped plant the first three trees as part of a donation of 1,000 trees from waste management company, Ecotech, in celebration of its 15th anniversary.

Mayor Launches 25 Year Vision Initiative
Vision Louisville — — will be a year-long process that seeks to define the future of the city through a collaborative and inclusive planning process. It will attempt to lay a blueprint for economic growth and sustainability that will make Louisville competitive globally while maintaining the qualities that make the city unique.

First Phase of Crittenden Drive Relocation Complete
Fischer, Louisville Regional Airport Authority (LRAA) officials and state leaders celebrate the completion of the first phase of the Crittenden Drive Relocation Project, which eliminated the first of two “pinch points” in the roadway’s alignment that encroached on mandatory clearance zones for a new taxiway.

METCO Approves Loans to Four Local Businesses
Four loans in the amount of $625,000 were approved by the Louisville Metropolitan Business Development Corporation. These loans will leverage $9.7 million in total investment.

Green Roof to Top Nucleus Building
The first new building at Nucleus Innovation Park-Market Street will sport a green roof and other environmentally-friendly features.

Healthcare Businesses and Facade Improvements Approved by METCO
Three loans in the amount of $225,000 were approved by the Louisville Metropolitan Business Development Corporation. These loans will leverage $2.2 million in total investment.

Preservation Redevelopment on East Main Makes Way for New Downtown Bridge
To clear the path for construction of a new Downtown Crossing of the Ohio River Bridges Project and bolster economic redevelopment near Louisville Slugger Field, crews today began demolishing several decaying, contaminated buildings along East Main Street.

City Receives EPA Grants to Retrofit Diesel Vehicles
Mayor Greg Fischer and U.S. Rep. John Yarmuth (D-Louisville) joined city, state, and federal officials to celebrate $1.6 million in diesel emission reduction grants that will go toward the purchase of diesel filters for city vehicles, and which will combat pollution in Louisville Metro.

SummerWorks Exceeds Fundraising Goal
Exceeding $1 million in donations and job commitments for SummerWorks2012 doubles what was raised last year, and 288 youth are working so far with more than 40 employers throughout Louisville. More youth will begin work this week and next week on the road to the 400 jobs goal.

Preston Farms and The Curehouse Begin Operations in Louisville
Mayor Greg Fischer today announced Preston Farms Popcorn and The Curehouse will begin operations in Louisville, creating a total of 61 jobs and investing more than $5.3 million.

Ford Unveils Transformed Louisville Assembly Plant
Governor Steve Beshear and Lieutenant Governor Jerry Abramson and Mayor Greg Fischer today joined local and company officials to unveil a reopened and revamped Ford Louisville Assembly Plant (LAP), which is producing the 2013 Ford Escape. Ford is ramping up operations at the plant, which will employ approximately 4,500 workers on three crews.

First Choice Market Opens in Park DuValle
First Choice Market, a 20,000 square-foot, full-service grocery store located at 3044 Wilson Ave., is now open, serving an estimated 35,000 citizens in Louisville’s Park DuValle area and surrounding neighborhoods.

Louisville, Lexington Join Forces to Grow Exports
Louisville and Lexington companies have the capacity to significantly increase their exports — and thus grow the regional economy and create jobs — if business leaders have support when accessing foreign markets.

Asthmapolis Begins Study Calls for Participants
With the help of Madison, Wis.-based Asthmapolis, Louisville’s asthma demonstration project has begun enrolling patients in a free, year-long asthma study to help the city identify possible causes of asthma attacks in the region and to help patients better manage their illness. Enrollment will include up to 500 participants and will take place at 11 Walgreens locations across the city from now until November 2012.

METCO Approves Three Loans to Small Businesses
Three loans in the amount of $200,000 were approved by the Louisville Metropolitan Business Development Corporation. These loans will leverage $511,000 in total investment.

Volunteers of America of KY Moves Hdqtrs to Historic Downtown Bldg
Volunteers of America of Kentucky has entered an agreement with City Properties Group to lease space for its new headquarters at the historic Guthrie Coke Building, located at 566 S. Fourth Street.

Preservationists Create New Heritage Conservation Fund
Main Street Revitalization LLC – a group of investors that purchased five condemned Whiskey Row buildings - in partnership with the National Trust for Historic Preservation, the group will establish the Heritage Conservation Fund, a non-profit revolving equity and loan fund dedicated to local historic preservation.

Mayor Announces Ice House Entrepreneurship Program Part of SummerWorks
Young adults hired for summer jobs through the KentuckianaWorks: SummerWorks2012 program will participate in the nationally recognized entrepreneurship training program, Ice House Entrepreneurship Program, Mayor Greg Fischer announced today during a news conference at the Louisville Free Public Library, 301 York St. Joining the Mayor for the event were JCPS Superintendent Donna M. Hargens, Thom Ruhe, Kauffman Foundation vice president of Entrepreneurship, and Clifton Taulbert and Gary Schoeniger, coauthors of the “Who Owns the Ice House?”, for which the training program was named.

CafePress Expands Operations Moves Headquarters
Mayor Greg Fischer today joined community leaders and company officials to announce CafePress Inc. will move its global headquarters to Louisville, where it already has a 140,000-square-foot fulfillment center on Riverport Drive.

Three Small Businesses Approved for METCO Loans
Five loans in the amount of $228,079 were approved by the Louisville Metropolitan Business Development Corporation. These loans will leverage $736,479 in total investment.

Heaven Hill Announces New Bourbon Experience
Heaven Hill Distilleries announced the September 2013 opening of The Evan Williams Bourbon Experience.

Six Businesses Approved for Small Biz Loans
Six loans in the amount of $337,767 were approved by the Louisville Metropolitan Business Development Corporation. These loans will leverage $2 million in total investment.

GE Unveils New Refrigerator Factory in Louisville
Governor Steve Beshear today joined Louisville Mayor Greg Fischer and company and local leaders for the grand opening of GE’s new factory at Louisville’s Appliance Park, the second GE facility to open within a month and a half at the manufacturing complex.

Louisville Receives Two Grants From KY Agricultural Development Board
Louisville received two grants today for food-related programs from the Kentucky Agricultural Development Board. Louisville Farm to Table received $120,000 for two years to continue its work in connecting consumers with local farmers, and a new low-interest loan program targeted to businesses processing food grown by Kentucky farmers, called the Louisville Agribusiness Loan, was created with $250,000. Both grants will be fully matched by the city.

Mayor Orders Economic Study of Fourth Street Live
Saying Louisville Metro Government and the citizens need the facts about the value of Fourth Street Live, Mayor Greg Fischer today ordered an economic impact study of the downtown entertainment district.

Louisville Farm to Table Creating New Connections for Farmers and JCPS Sysco
Louisville Farm to Table has beenworking with JCPS and Sysco Louisville to make connections that bring more local food to tables, assisting in the farmers’ bottom lines, and slowly diminishing the gap between supply of local food produced by regional farmers and demand of the institutions who serve food daily to its customers.

Free WiFi Conference Space For Small Businesses
Small businesses and start-ups now have a conference room with wi-fi that can be reserved in the Department of Economic Growth and Innovation’s offices downtown.

Workshop to Connect Small Business with Crowdfunding Capital
Mayor Greg Fischer announced today that a second “Crowdfunding Means Business” workshop will be held by the Louisville Metro Department of Economic Growth & Innovation to help businesses explore crowdfunding resources. The workshop is Tuesday, March 13, 5:30 p.m. at the Main Library, 301 York Street, in the Centennial Room.

Ford Unveils New Escape
Ford’s latest announcement has brought its total commitment to Louisville to about $1.2 million, with investments at both the Kentucky Truck Plant and the Louisville Assembly Plant. Ford unveiled its newest product, the 2013 Ford Escape, which will be produced out of the Louisville Assembly Plant, at the Louisville New Car show on February 24, 2012.

METCO Approves Loans to Three Small Businesses
Three loans in the amount of $249,804 was approved by the Louisville Metropolitan Business Development Corporation. These loans will leverage nearly $3.9 million in total investment.

COPA Announces New Arts Series
Mayor Greg Fischer and the Louisville Commission on Public Art are unveiling the first competition of its inaugural Artist Event Series. “On The Floor: Cultural Producers Compete For Space” invites six teams of artists to an ideas ccompetition, to study and propose public art in two locally important public spaces.

NFCA Relocates Headquarters to Louisville
Mayor Greg Fischer today announced the National Fastpitch Coaches Association (NFCA) will move into the former 5,000-square-foot Crescent Hill Woman's Club facility in Louisville, creating 12 jobs and making a $525,000 investment.

Office for Globalization Forms International Councils
Office for Globalization Forms International Councils; Will promote economic, educational and community initiatives with a global focus

Long John Silvers Opens New Worldwide Corporate Headquarters in Louisville
Mayor Greg Fischer joined Lt. Governor Jerry Abramson today and company officials for a ribbon cutting to unveil Long John Silver’s new worldwide corporate headquarters. The new headquarters will be home to approximately 70 employees and represents a $3.8 million investment in the Commonwealth.

Financial Firm Creating New Jobs, Corporate Headquarters in Louisville
Governor Steve Beshear and Mayor Greg Fischer today announced Jefferson National Financial Corp. (JNFC) will relocate its headquarters from New York to Louisville, creating 95 jobs at an average annual salary of more than $85,000. Jefferson National Financial also plans a 16,000-square-foot expansion to its existing or nearby facility in Louisville.

Zagat Lists Louisville as Favorite "Foodie" Destination
Louisville received more evidence of its growing reputation as a great place to eat earlier this week, when it was named one of the “Best Foodie Getaways around the World” by Zagat.

Mayor Fischer Focuses on Youth Summer Jobs
Mayor Greg Fischer and Congressman John Yarmuth today announced plans to put Louisville young adults, ages 16 – 21, to work this summer in meaningful jobs paying at or above minimum wage. Two programs, the Youth Opportunity Showcase and KentuckianaWorks: SummerWorks2012, will help youth find summer jobs in a tough teenage job market with unemployment around 25 percent.

Local Business Approved for Small Business Loan
METCO approved one loan in its January board meeting, and set the 2012 calendar of board meetings.

Economic Development Department Gets New Name, New Director
Economic Development Department Reorganized, Adding Focus on Innovation, Entrepreneurship Ted Smith appointed new director

Maria Koetter Named New Director of Sustainability
Mayor Greg Fischer has named Maria Koetter as Louisville Metro Government’s first director of Sustainability.