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Economic Development Newsroom - 2014 Archive


7/24/2014
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

7/16/2014
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.

7/9/2014
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.

7/9/2014
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.

6/27/2014
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.

6/27/2014
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.

6/27/2014
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.

6/26/2014
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.

6/25/2014
Louisville Awarded ArtPlace America Grant
Louisville, KY Awarded $250,000 ArtPlace America Grant to Fund Creative Innovation Zone

5/30/2014
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.

5/28/2014
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.

5/8/2014
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.

4/25/2014
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.

4/9/2014
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.

3/28/2014
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

3/24/2014
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.

3/18/2014
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.

3/10/2014
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.

3/6/2014
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.

2/28/2014
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.

2/19/2014
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.

2/14/2014
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.

2/11/2014
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.

2/10/2014
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.

1/30/2014
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.

1/28/2014
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.

1/24/2014
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.

1/17/2014
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.