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Economic Development Newsroom - 2014 Archive

Computershare, Inc. to Open New Facility in Louisville
Hundreds of new jobs are coming to Louisville Governor Steve Beshear and Mayor Greg Fischer announced today, as Computershare, Inc. plans to open a facility in Jefferson County.

'Where Opportunity Knox' Initiative Launches to Hire Veterans
Mayor Greg Fischer joined Greater Louisville leaders to announce the launch of Where Opportunity Knox today, an initiative that will connect 10,000 transitioning veterans and military spouses to jobs and to the region over the next three years.

New Data Shows Louisville is a Leading Metropolitan Area for Exports
The U.S. Department of Commerce’s International Trade Administration has announced new export data that shows merchandise exports from the Louisville-Jefferson County metropolitan area totaled a record $8.9 billion, an increase of 16 percent or $1.2 billion from 2012 to 2013. This growth helped Louisville to remain a top metropolitan area for exports in 2013.

Next City Cyclouvia Event Will be on West Broadway
Following the resounding success of the Cyclouvia events in the Highlands and Crescent Hill, the next Cyclouvia will close West Broadway, between 9th and 26th Streets, to vehicular traffic on Sunday, September 7, 2014 from 2 p.m. to 6 p.m.

Two Louisville Companies Approved for Incentives to Locate, Expand
Two companies were preliminarily approved for economic development incentives at this morning’s meeting of the Kentucky Economic Development Finance Authority (KEDFA) in Frankfort, Ky. The projects would attract $13.2 million in new investment, and create 775 new jobs in Louisville, which represent $25.8 million in new annual payroll.

BEAM Committee Releases Assessment of Area Infrastructure
A 51-member committee of the Bluegrass Economic Advancement Movement has released an assessment of the region’s infrastructure, including roadways, waterways, and fiber optic capabilities. The committee found that the 22-county BEAM region needs to make significant investments to shore up economic development efforts, and must target those investments wisely.

Mayor Launches One Stop Environmental Data Map
A new online web mapping application that makes it easier for citizens to gather information is now available Mayor Greg Fischer announced today.

Integrity HR Opens New Facility in Louisville
Integrity HR, a national human resources firm, will relocate to east Louisville and create up to 20 new jobs, mayor Greg Fischer announced today.

iHealth Solutions Moving its Headquarters to Louisville
iHealth Solutions LLC is moving its headquarters and main operations from Virginia to downtown Louisville, solidifying the city’s global reputation as a powerhouse for companies involved in health and business services.

GE FirstBuild Microfactory Opens in Louisville
• FirstBuild™ designs, builds and sells home appliances using an online co-creation community and micromanufacturing model to accelerate new product introductions

Louisville Awarded Prestigious National Endowment for the Arts Grant
National Endowment for the Arts announced that Louisville will receive a $50,000 “Our Town” grant to place artists on project teams inside of corporations. The Louisville initiative, referred to as “The Accelerator”, is designed to make Louisville businesses more dynamic and profitable. The initiative was created through a collaboration between IDEAS 40203 and its sister organization, Brooklyn-based, Residency Unlimited.

New Spirits Company Headquarters Will be Downtown
Adding to the city’s growing international reputation as the premier place to start and grow beverage companies, Mayor Greg Fischer today welcomed the city’s newest spirits business, Rivulet Pecan Liqueur.

Skilled Training Program Reaches Milestone With First Graduating Class
A group of eager workers and learners were honored today in a unique commencement ceremony – the first graduating class of Bridges to Opportunities, a workforce training program created to provide minority and female workers with education and skills for careers in construction.

Four Businesses Receive Approval of METCO Loans
Four businesses were approved for a total of six loans in the amount of $695,000 by the Louisville Metropolitan Business Development Corporation. These loans will leverage a total investment of $28.6 million to assist four businesses in the food and beverage sectors, make energy efficient, façade and accessibility improvements, and create jobs.

Louisville Wins Google Challenge
Mayor Greg Fischer was awarded winner of Google’s Get Your Business Online Challenge, at the US Conference of Mayors Annual Meeting this week. The city was recognized for leading a number of initiatives to help small businesses get online.

Mayor's SummerWorks Program Produces Jobs for Youth
Mayor Greg Fischer announced today that Louisville’s business community has made the Mayor’s SummerWorks program a success for the fourth year by putting more than 2,000 young adults, ages 16-21, in summer jobs. Fischer set a 2,000-job goal for 2014 at the end of last year’s program that put more than 1,500 young adults to work.

Mayors Fischer and Gray Announce New BEAM Initiative
At the kickoff of the Global Cities Initiative event in Louisville, Mayor Greg Fischer and Mayor Jim Gray today announced the launch of another BEAM initiative: the first Kentucky Manufacturing Innovation Conference, to be held in October in Lexington.

Louisville Awarded ArtPlace America Grant
Louisville, KY Awarded $250,000 ArtPlace America Grant to Fund Creative Innovation Zone

METCO Approves 9 Loans for Small Businesses
Six businesses were approved for a total of nine loans in the amount of $497,800 by the Louisville Metropolitan Business Development Corporation. These loans will leverage a total investment of $6.7 million to assist six businesses in the food and beverage sectors, façade and accessibility improvements, and an entertainment destination.

Louisville Joins National Day of Civic Hacking
Louisville will host one of more than 120 events taking place throughout 100 U.S. cities on Saturday, May 31, as part of National Day of Civic Hacking. This is an opportunity for government agencies, businesses, nonprofits and civically-engaged individuals to work together to solve complex social problems using government data.

Louisville Progressing in Educational Attainment, STEM Degrees
In a newly released comparison of 16 peer cities, the Louisville-Southern Indiana region is the only metro area that has moved up in the rankings of per capita degree attainment in every category of academic achievement – from certificates and diplomas to graduate and professional programs – since 2000.

Small Business Gets Approved for METCO Business Loan
Quality Childcare, Inc. received a $72,000 business loan, which will be located at 1971 Brownsboro Road. Owner Richard Morris will renovate this former restaurant for a daycare center, utilizing the existing kitchen space.

Sunday CycLouVia Event to Benefit WaterStep
During Sunday’s CycLouVia open street event along Frankfort Ave., people can walk, bike, skate, shop --- and support a good cause by bringing new or used shoes to donate to WaterStep.

METCO Board Approves Loan for Energy Efficient Project
Jakeland, LLC received approval for a Go Green energy efficiency loan in the amount of $201,925 from the Louisville Metropolitan Business Development Corporation. This loan will assist the property owner, Andy Blieden, to install an additional 205 solar panels to the ones he currently has on the Butchertown Market, located at 1201 Story Avenue

Mayor Announces Walmart Supercenter to be Built at 18th & Broadway
Bringing hundreds of new jobs and much-needed new retail to West Louisville, Mayor Greg Fischer announced today that Walmart will build a Supercenter at 18th and Broadway.

CycLouVia Returns to Frankfort Avenue
The next CycLouVia will close Frankfort Avenue, between Stilz Avenue and Pope Street, to vehicular traffic on Sunday, April 13th, 2014 from 2 p.m. to 6 p.m. This is the first time the city’s open streets program will occur outside of the Highlands.

New Sheppard Square Opens to Residents
Congressman John Yarmuth (KY-3) and Mayor Greg Fischer announced that Louisville’s $96.5 million redevelopment of Sheppard Square is now home to new residents in the Smoketown neighborhood.

Luxury Omni Hotel, Grocery, Apartments to Anchor $261 Million Downtown Development
Louisville will get a new four-diamond hotel — along with a much-anticipated downtown grocery, retail shops and 200 apartments — under a $261 million downtown development plan announced today by Mayor Greg Fischer and Governor Steve Beshear.

METCO Board Approves Facade Loan
Texas and Goss, LLC received approval for a façade loan in the amount of $50,000 from the Louisville Metropolitan Business Development Corporation. This loan will assist the property owners, Alex Frommeyer and Shane Uttich, to replace siding and block with Dryvit, replace some windows, install awnings and make other minor repairs. The total investment is expected to be $78,280.

Diageo Announces Restoration of Historic Stitzel-Weller Distillery
Diageo today announced that it plans to invest an initial $2 million to develop the Stitzel-Weller Visitor Center at Louisville’s legendary distillery.

ElderServe Moves to Nucleus Building
ElderServe, one of Louisville’s largest non-profit organizations that provides critical services to vulnerable seniors, today announced that the organization will move its offices to the Atria Support Center at Nucleus Innovation Park later this year. Also announced today was the launch of the organization’s “ElderServe – At the Nucleus of Aging” fundraising campaign.

National Grant Will Provide More Training for Manufacturing Jobs
More training will be available for individuals looking to land manufacturing jobs thanks to a $150,000 Social Innovation Fund Grant from the National Fund for Workforce Solutions. The training classes, held at The Kentucky Manufacturing Career Center (KMCC), are free and help prepare men and women for entry-level jobs with local manufacturers.

Publicly Owned Real Estate Information Available on New Database
The city, in partnership with OpportunitySpace, has launched an online platform that publishes details about every government-owned parcel of land and building in the Louisville region.

Ford Invests $80 Million, Creates 350 Jobs in Louisville
Ford Motor Company, the industry’s truck leader, will add 350 new jobs and make an $80 million investment to the Kentucky Truck Plant to meet the high demand for F-Series Super Duty trucks.

Mayor Sets Goal of 2,000 Summer Jobs for Youth
Mayor Greg Fischer today challenged businesses and organizations to put 2,000 youth in jobs this summer by supporting his SummerWorks program. The program, recognized as one of the nation’s best summer jobs program last week by the U.S. Conference of Mayors, provided jobs and training for 1,500 youth last summer.

Gelato Producer Receives Approval of First Agribusiness Loan
Gelato Gilberto received approval of a $65,060 Louisville Agribusiness Loan, to expand their business with a wholesale component. The loan fund was created through a partnership with the state through the Kentucky Agricultural Development Fund and a match from the city.

TARC Bus Arrivals Available on Google Maps
TARC real-time bus arrival information for all stops is now available online through Google Maps and TARC's own trip planner, making public transit an easier and more efficient travel option.