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April
2008
Welcome to
eFYI, your exclusive
monthly e-newsletter from Greater Louisville Inc. - The Metro
Chamber of Commerce. As one of our valued partners, you can
count on eFYI to cover the
topics and issues of most interest and benefit to you. Share
your comments and ideas with us any time at VFisher@greaterlouisville.com.
 Gaining
definition: Cardiovascular Innovation Institute makes strides
in first year of operation
Professional
jobs increasing in Louisville
U of L
research park plan unveiled
City's search
for equity attracts regional fund to Louisville
Bring 'em on:
The Cup Experience aims to unite community, visitors during
Ryder Cup run
High Impact
Program adds 18 companies
Magazine
names area business schools among nation's best
Project could
produce $14 million a year for Oldham
Gaining definition:
Cardiovascular Innovation Institute makes strides in first
year of operation
 When
the Cardiovascular Innovation Institute opened in January
2007, it was committed to developing research, technologies
and treatment for heart disease.
But not all of the
elements for its success had been determined: No scientific
director had been announced, and sufficient revenue sources
weren't yet established.
Now, a little
more than a year later, many of those elements are in place,
and officials say the CII is well-positioned to make headway
on developing progressive treatments for heart disease and
other illnesses. Read
more.
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Professional jobs
increasing in Louisville
Louisville
has a greater share of professional and technical jobs that
pay well than regional competitors like Indianapolis and
Memphis, according to a new analysis of U.S. Census Bureau
data.
The report,
released by the nonprofit Greater Louisville Project, shows
that nearly 36 percent of Louisville's workers are in fields
ranging from law and health care to finance and information
technology.
And since 2000,
the city has added those positions at a faster rate than nine
of its peers in the Southeast and Midwest -- including
Nashville, Indianapolis, Cincinnati and Columbus. Read
more.
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U of L research
park plan unveiled
 The first building
erected on the former Haymarket block as part of the
University of Louisville's life sciences research park may
include a museum displaying old photographs of the site, where
people used to buy fruit, vegetables and Christmas trees. The
building will have about 210,000 square feet, including a
tower of up to 10 stories.
While its modern
architecture will have a high-tech feel, the building and
those that follow it will be designed "to be sensitive to the
heritage of the Haymarket."
The project will
incorporate a plaza and other open spaces that will preserve
the open-market feel of the Haymarket. Read
more.
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City's search for
equity attracts regional fund to
Louisville
If you
want to keep the fast-growing, established companies and their
jobs in town, your pasture has to be greener. Green, as in the
color of money.
A Charlotte,
N.C.-based private-equity firm is looking both for local
investors and for local investment opportunities after a city
economic development initiative lured it to town.
Through the
funds it manages, 10-year-old CapitalSouth Corp. looks for
mature mid-range businesses or fast-growing business that --
for any number of reasons -- might need more than bank
financing to thrive. Read
more.
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Bring 'em on: The
Cup Experience aims to unite community, visitors during Ryder
Cup run
 Odds
are, you don't have tickets to the
37th Ryder Cup, which will be held Sept. 16 to 21 at Valhalla
Golf Club in eastern Jefferson County.
Fewer than 40,000
tickets were sold for the event, and those were distributed to
fans worldwide following a random draw that was held in
September.
City and state
officials knew early on that the tournament would be a tough
ticket, but they want the event to be an opportunity to engage
people from throughout the community, regardless of financial
means, golf enthusiast or not.
Louisville Metro
Mayor Jerry Abramson and former Kentucky Gov. Ernie Fletcher
formed their own task forces tied to the event. The leaders
charged them with producing activities that would galvanize
local residents and give the thousands of visitors to the city
a chance to see its amenities and take part in a week's worth
of festivities -- all the while generating positive exposure
through the visiting media.
From that mandate,
The Cup Experience was born.
The Cup
Experience is its own nonprofit organization created to
coordinate a series of events and activities to be held during
August and September in Louisville and other cities in the
state.
The Cup
Experience boasts of "something for everyone" and will give
participants the opportunity to do anything from watching the
Ryder Cup in a group setting to seeing and buying the latest
in golf products to just coming together for a big ol'
blowout, Louisville style. Read
more.
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High Impact Program
adds 18 companies
The High
Impact Program has added 18 companies to its portfolio, which
now comprises 122 locally based businesses.
The High Impact
Program is a public-private partnership funded by
Louisville-Jefferson County Metro Government and administered
by Greater Louisville Inc., the metro chamber of commerce. It
identifies and helps to nurture companies that are
experiencing fast growth or revitalization or that provide a
vital product or service to help other companies grow rapidly.
The 122 High Impact portfolio companies represent $2.3
billion in annual revenue, have an average growth rate of 36
percent and have created 3,000 jobs in the region. Read
more.
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Magazine names area
business schools among nation's
best
The
business schools of the University of Louisville, University
of Kentucky and Indiana University have been named among the
nation's top undergraduate business programs by Business
Week magazine.
Based on school-supplied data and
student and recruiter surveys compiled by the magazine, U of
L's College of Business ranked 92nd overall and 49th among
U.S. public universities. UK's Gatton College of Business and
Economics ranked 87th overall and 46th among public
universities, while IU's Kelley School of Business was 16th
overall and sixth among public universities. Read
more.
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Project could
produce $14 million a year for
Oldham
A
1,000-acre mixed-use campus being developed in La Grange could
bring in up to $14 million a year in property taxes and create
up to 11,000 jobs, according to a study released
recently.
The analysis by
Paul Coomes, an economist at the University of Louisville,
also says La Grange and Oldham County could split an
additional $1.5 million to $4.7 million a year from the
development if they levy a payroll
tax.
The project,
called Oldham Reserve, would have offices, retail space and
homes and would be located south of Interstate 71. Read
more.
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