Five Companies Approved for Economic Development Incentives

3/28/2014 09:12:37 AM

Relocation and Expansion Projects Could Create Over 100 New Jobs

Five 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 290 new jobs and generate more than $10 million in new annual payroll and more than $29 million in new investment.

“These companies run the gamut from local to international, logistics to advanced manufacturing and professional services to high tech communications,” said Mayor Greg Fischer. “This extended scope of opportunity is representative of the extended resources we are able to provide in our community through our broadening talent pool, readily available facilities and our unique quality of place.  We are excited that these highly regarded companies wish to call or continue to call Louisville home and we are committed to making that happen.”

“The GLI economic development team is delighted to have worked with each of these stellar companies to help bring them to this point,” said Greater Louisville Inc. VP, Economic Development Daryl Snyder. “Each of these businesses represent significant development in our community and opportunities for job creation and economic prosperity for the region.”



GLI’s EnterpriseCorp Presents Fast Dozen Awards for 2014

3/20/2014 01:26:35 PM

Louisville, Ky. (March 19, 2014) – EnterpriseCorp, the division of Greater Louisville Inc. - the Metro Chamber of Commerce, that specializes in developing the region’s fast-growth entrepreneurial sector, hosted a special reception today to name 12 fast growth companies to its Fast Dozen Showcase and present each with the prestigious Fast Dozen Award. Mayor Greg Fischer, Kent Oyler, Chair of the EnterpriseCorp Board of Advisors and EnterpriseCorp Executive Director Tendai Charasika were on hand to recognize these homegrown companies that are expanding, adding jobs, increasing revenue, and providing vitality for the entire region.

“We have numerous examples of world-class excellence and innovation occurring right now in the Louisville region,” said Charasika.  “These fast growth companies represent the significant contributions to our community’s economic prosperity and are key drivers of job creation.  Our work to support these companies better positions Greater Louisville for sustained growth and gives us the opportunity to help grow our next Fortune 500 company.”

2014 Fast Dozen Companies

The Fast Dozen Showcase identifies the second stage, fast-growth companies headquartered in the Metro Louisville region.  Fast-growth companies are the businesses that create the majority of new jobs and investment in the community.

The 2014 Fast Dozen companies have experienced an average growth rate of 36 percent and anticipate investing over $7 million in their planned expansions.  They currently employ over 420 people at an average salary of $58,778 and plan on adding an additional 196 new jobs. 



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.