Two companies approved for economic development incentives

1/30/2014 02:49:37 PM

Projects could create 143 new jobs

Two companies were approved for economic development incentives at this morning’s meeting of the Kentucky Economic Development Finance Authority (KEDFA) in Frankfort, Ky.  The projects are
projected to create as many as 143 new jobs, more than $6.4 million in new annual payroll and nearly $5.6 million in new investment.  

“These projects are exciting in that they represent solid activity in two of our key areas for talent attraction, young professionals and food and beverage,” said Louisville Mayor Greg Fischer. “Job growth in these areas adds significantly to our image as a thriving community for young people just starting out as well as serves as its own marketing effort as young talent attracts more young talent. ”

“GLI is delighted to be working with these two exceptional companies toward expansion and development,” said GLI President and CEO Craig Richard. “These companies represent the kinds of jobs and investment that keep Louisville vibrant and that continue to put us in the running for such important new economic development.”



GLI to Present Two Silver Fleur-de-Lis Awards at 2014 Annual Meeting

1/29/2014 10:34:48 AM

Mayor Fischer and Mary Gwen Wheeler honored for 55,000 Degrees; The Nucleus and PGXL recognized for fostering research innovation and commercialization  

Louisville, KY (January 28, 2014) - Greater Louisville Inc. – The Metro Chamber of Commerce announced today that it will present its prestigious Silver Fleur-de Lis-Award to two deserving recipients at its Annual Meeting, Tuesday, February 18. The award recognizes outstanding commitments and achievements in the community and is bestowed each year upon individuals and organizations that show leadership and action to make the region a better place to live and work. 

Mayor Greg Fischer and 55,000 Degrees Executive Director Mary Gwen Wheeler will be honored for helping Louisville reach the highest percentage of working-age adults with a college degree in the community’s history.  At 42%, the city now exceeds the national average by more than 2 percentage points.  Also outlined in the 55,000 Degrees 2013 Progress Report is the fact that local colleges and universities are turning out graduates at increased rates which means Louisville far exceeds the national pace for enrollment growth, particularly among adult students. In addition, more than 60 businesses have joined Degrees At Work, a program led by Greater Louisville Inc. that encourages working adults to complete degrees.

Nucleus/PXGL are being recognized for bringing together all of the elements essential to innovation and research commercialization success. As a business center, the Nucleus  Innovation Park orchestrates recruitment, incentives, shared community and infrastructure services. The new Nucleus building completed late last year at 300 East Market Street is the first of four planned research, technology and office buildings and features 200,000 sq. ft. of eco-friendly office, dry lab and innovation space.



Louisville, Lexington Leaders Announce Second Joint Leadership Expedition

12/16/2013 11:03:31 AM

Louisville, KY | Lexington, KY (December 16, 2013) For the second time since 2010, representatives of two of Kentucky’s largest chambers of commerce – Greater Louisville Inc. and Commerce Lexington Inc.– will come together for a joint intercity visit. The destination selected for the 2014 Leadership Expedition presented by CHASE / J.P. Morgan and LG&E / Kentucky Utilities Co. is Charlotte, North Carolina, June 1-3.

Commerce Lexington Inc. has led its own intercity visits for 74 years, while Greater Louisville Inc.’s GLIDE trip has been occurring each year since 1985.

“Regionalism is essential to being competitive in today’s increasingly global economy,” said Stephen Gault of Stephen C. Gault Co., 2014 Expedition Co-Chair.  “The timing is right for a joint trip.  It will provide a great opportunity to build on the strong collaboration we have right now between the two cities, which will further strengthen our region and help position us for future success.”



First State Investments International, Inc. approved for economic development incentives

12/12/2013 09:59:30 AM

First State Investments International, Inc. approved for economic development incentives
Project will create 12 new jobs

First State Investments International, Inc. was approved for economic development incentives at this morning’s meeting of the Kentucky Economic Development Finance Authority (KEDFA) in Frankfort, Ky.  The project would create 12 new jobs,  $15 million in new annual payroll and nearly $2 million in new investment.

“This company represents the kind of talent attraction and investment that add significantly to the region’s economic development and quality of life” said Louisville Mayor Greg Fischer. “The professional and high paying jobs that the company offers mesh well with the important services that they bring to our community. This is a win on every level.”

“It is exciting to see the potential for our financial services industry,” said GLI President & CEO Craig Richard. “Their interest in expanding in Louisville says so much about our thriving business community and our growing talent pool.”



Kentucky Backed Startup Inks Deal with Signature Healthcare

12/9/2013 09:46:51 AM

LOUISVILLE, KY – December 5, 2013 --- A Kentucky startup, Neuronetrix, backed by an equity investment from the Cabinet for Economic Development’s Enterprise Fund and recognized as one of GLI’s EnterpriseCorp Hot Dozen Companies, announced that it has signed an agreement with Louisville-based Signature Healthcare LLC, and its Serenity Healthcare Division, to make Neuronetrix’s emerging neurodiagnostic devices known as the COGNISION System available at 27 special care facilities located throughout the United States. 

The COGNISION System, a unique piece of non-invasive headgear that scans the brain to help determine and measure cognitive function, has been in development for more than 10 years.  Recently, Neuronetrix was recognized as a finalist in GLI’s 2013 Inc.credible Awards in the category of Innovation & Technology.

The COGNISION System has applications in diagnosing Alzheimer’sdisease, concussions and other brain disorders. Signature’s Serenity Healthcare works with universities to provide specialized care to
individuals suffering from Alzheimer’s disease and other forms of dementia through testing and evaluation of non-pharmacological interventions that might improve outcomes for Serenity’s special needs and elderly residents.


“Mix & Go Baby Bottle” Earns Vogt Invention & Innovation Award

11/21/2013 04:43:52 PM

Louisville, KY (November 21, 2013) ----LaShana Harris is a mother, lawyer, businessperson, and now she can add award-winning entrepreneur to the list. Harris’ early stage startup company, Babylocity,is the 2013 recipient of the Vogt Invention and Innovation $100,000 Demo Day Award presented today at the conclusion of the Demo Day Showcase hosted by the Community Foundation of Louisville (CFL) and GLI’s EnterpriseCorp.

Vogt Demo Day provided four early stage manufacturing companies, all recipients of the 2013 Vogt Award Development Grants announced earlier this year, the opportunity to show off their products to the business community and compete for an award of up to $100,000 toward the further development of their project. The three other competing companies were Liberate Medical, a Louisville-based medical device company, ModBox Storage LLC, makers of modular shipping and storage boxes for contractor job sites, and Wixel Technologies, creators of a digital product to help the visually impaired.



Vogt Invention & Innovation Awards Demo Day To Showcase Early Stage Manufacturing Companies

11/19/2013 02:09:00 PM

Louisville, KY (November 7, 2013) The Vogt Invention & Innovation Awards will showcase the 2013 class of four early stage manufacturing companies at the 2013 Demo Day scheduled for November 21st at The Nucleus Building. 

The 2013 Vogt Award winners will have the opportunity to show off their products to the business community and compete for an award of up to $100,000 toward the further development of their project.  The winner will be announced at the event.

“The Vogt Invention and Innovation Fund has taken care and courage to ensure that it not only lives up to Henry Heuser’s original charitable vision, but provides a program that is relevant to today’s inventor,“ said Susan Barry, president and CEO of the Community Foundation of Louisville. The Vogt Invention & Innovation Fund is a component fund of the Community Foundation and is the source of funding for the awards. GLI’s EnterpriseCorp administers the program.

The Demo day event will be held at The Nucleus Building, 300 East Market Street, on the ground floor in the auditorium.  Doors open at 2:30PM, and presentations start at 3:00PM.   The $100,000 winner will be announced at approximately 4:30PM. Admission is free but reservations are recommended. Register online at

“These product-focused entrepreneurs have received extensive exposure to the best mentors that the Greater Louisville community has,“ said Tendai Charasika, Executive Director, GLI EnterpriseCorp. “By participating in both the LaunchIt Lean Startup Training via Nucleus and the hardware specific modules hosted at the Jefferson Community & Technical College Entrepreneurship Center, they are truly learning how to validate their products and learn what it takes to successfully commercialize a product-based startup.”