Hearings on the 2025-2026 fiscal year budget began on May 8. The $1.26 billion budget proposed by Mayor Craig Greenberg includes funds for public safety, modular housing and emergency shelters, and development funds to supplement economic expansion. Highlights of the Mayor’s budget proposal include: New investment allocated for more cameras…
Recent investment by the Kentucky General Assembly in pro-business policies have bolstered the economies of two of Kentucky’s largest Metro areas – Louisville and Northern Kentucky. These policies have allowed our regions to fare comparatively well despite national economic headwinds that have created supply-chain disruptions and inflation. However, recent executive…
As federal immigration policy shifts, the following is an update on recent developments specifically related to humanitarian parole programs for nationals of Cuba, Haiti, Nicaragua, and Venezuela (CHNV). On March 25, 2025, the U.S. Department of Homeland Security (DHS) announced via the Federal Register that it would terminate the humanitarian parole…
The 2025 Kentucky General Assembly is now adjourned! In their last two days the General Assembly kept busy. Day 29 of 30 was spent overriding vetoes. By the end of the penultimate day of session the legislature had overridden all 29 bills that the Governor vetoed. Day 30 was spent…
U.S. allies have announced retaliatory tariffs as the Trump administration implements 25% global tariffs on aluminum and steel. The European Union (EU) and Canada announced retaliatory tariffs on U.S. goods totaling over $40 billion. The EU’s tariffs will apply to bourbon and agricultural products totaling nearly $28 billion dollars…
The U.S. Department of Treasury announced changes to enforcement of the Corporate Transparency Act (CTA) and forthcoming department-led rule changes to the Act. In its announcement the treasury said it will not enforce any penalties or fines associated with the beneficial ownership information (BOI) reporting rule under the existing regulatory…
As executive action on the federal level continues to create uncertainty and economic concerns for our region, I wanted to pass along the latest information and guidance. We recognize the challenges these changing policies place on businesses and are committed to helping you navigate this evolving business landscape. Tariffs WHAT…
In the blink of an eye, we are over a third of the way through this short legislative session. As the bill filing deadlines approach this week, we saw a flurry of bills filed in the past week. As GLI continues to monitor business community interests, stay up to date…
The General Assembly is BACK after a short break in the month of January. This week the legislature filed 200 bills and began to reveal more of their top priorities, including many that align with the business community’s top policy goals for 2025. We will continue to monitor business community…
Following the Kentucky General Assembly’s passage of House Bill 1, Greater Louisville Inc. president and CEO, Sarah Davasher-Wisdom, issued the following statement: “GLI commends the Kentucky General Assembly for passing House Bill 1 to again lower the state’s personal income tax. Reducing and eventually eliminating the personal income tax has…
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