Ford's $1.2 Billion Investment Accelerates Louisville's
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2013 Ford Escape FORD’S $1.2 BILLION INVESTMENT ACCELERATES LOUISVILLE’S ADVANCED MANUFACTURING STRATEGY Published by $12 Untitled-1 1 2/7/12 6:34 PM MRBG_C1.indd 2 2/8/12 11:30 AM 2012 MRGL 1-24.indd 1 2/7/12 4:59 PM 2012 MRGL 1-24.indd 2 2/7/12 4:59 PM 2012 MRGL 1-24.indd 3 2/7/12 4:59 PM John Nation photo Table of Contents People & Places...................................................6 COUNTY DATA One Southern Indiana .................................14 Jefferson, Ky. ......................................................78 Jefferson, Ind. ....................................................81 Greater Louisville Inc. ...................................15 Adair, Ky. ..............................................................80 Larue, Ky. .............................................................81 Louisville’s Key Business Clusters ...........16 Breckenridge, Ky. .............................................80 Marion, Ky. ..........................................................81 Bluegrass Economic Bullitt, Ky. .............................................................80 Meade, Ky. ..........................................................81 Advancement Movement .......................26 Carroll, Ky. ..........................................................80 Nelson, Ky. ..........................................................82 Southern Indiana Update ...........................27 Clark, Ind. ............................................................80 Oldham, Ky. ........................................................82 Research, Technology & Innovation ......30 Crawford, Ky. ....................................................80 Scott, Ind. ............................................................82 Medical Services ..............................................36 Floyd, Ind. ............................................................80 Shelby, Ky. ............................................................82 Legal Services ....................................................40 Grayson, Ky. .......................................................81 Spencer, Ky. ........................................................82 Financial Services ............................................44 Green, Ky. ............................................................81 Taylor, Ky. .............................................................82 Transportation ..................................................50 Hardin, Ky. ...........................................................81 Trimble, Ky. .........................................................82 Business Services............................................ 54 Harrison, Ind. ....................................................81 Washington, Ind. .............................................82 Media & Marketing Services .....................56 Henry, Ky. ............................................................81 Washington, Ky. ...............................................82 Utilities ..................................................................62 Education .............................................................64 On the Cover: The new, improved Ford Escape Arts & Culture .................................................68 Published by will be produced at the Louisville Assembly Plant, Parks .......................................................................70 which is Ford’s most flexible plant in the world. Meetings, Conventions A $600 million investment allowed for a complete re-tooling of the plant and put the auto company & Attractions ..................................................72 at the forefront of advanced manufacturing. Sports ....................................................................83 Photo courtesy of Ford Motor Co. Demographics ..................................................84 Publisher Market Review Editor Creative Director Design & Production ED LANE AMY OWENS DIANNE ALARIE STONE ADVISORY Editorial Director Associate Publishers Chief Financial Officer Pre-press & Printing MARK GREEN RICHARD J. KELLY STEVE ROHLFING, CPA PUBLISHERS DONNA HODSDON PRINTING CO. Market Review of Greater Louisville and Southern Indiana is a community profile Data in Market Review of Greater Louisville and Southern Indiana have been published by Lane Communications Group, under an exclusive agreement with the provided by many local, state and federal agencies, including the Regional Leadership Regional Leadership Coalition. For information and advertising rates, contact Lane Coalition, Greater Louisville Inc., One Southern Indiana, the Kentucky Cabinet for Communications Group, 201 East Main Street, 14th Floor, Lexington, KY, 40507, Economic Development, the Indiana State Library, Indiana State Government and Voice: (859) 244-3500, Fax: (859) 244-3555, lanereport.com the U.S. Census Bureau. All data are believed to be accurate and current, but are not warranted by Lane Communications Group. © 2012 Lane Communications Group. All material in this publication is protected under applicable copyright laws. Reprinting or using any materials from the Market Review of Greater Louisville and Southern Indiana is prohibited without express written consent by the publisher. 4 The Lane Report’s 2012 Market Review of Greater Louisville and Southern Indiana lanereport.com 2012 MRGL 1-24.indd 4 2/7/12 4:59 PM 2012 MRGL 1-24.indd 5 2/7/12 5:00 PM PEOPLE & PLACES Innovation Meets Tradition Future growth of Greater Louisville and Southern Indiana builds on rich past Louisville Convention & Visitors Bureau photo Louisville Convention & Visitors Bureau photo Louisville Convention & Visitors Above: The Muhammad Ali Center celebrates the Louisville native’s life and legacy. Left: Fourth Street Live! is a popular entertainment and retail district in downtown Louisville. Right: In 2011, Beam Inc. celebrated the filling of its 12 millionth barrel of bourbon since the repeal of Prohibition in 1933. 6 The Lane Report’s 2012 Market Review of Greater Louisville and Southern Indiana lanereport.com 2012 MRGL 1-24.indd 6 2/7/12 5:00 PM VisitMadison.org photo VisitMadison.org John Nation photo Above: Madison, Indiana, has been called the most beautiful river town in America. Left: Louisville’s stunning skyline on the banks of the Ohio River projects the stature and success of a major metropolitan area. Below: The Kentucky Center for the Performing Arts presents the finest in music, dance, theater and more. Louisville Convention & Visitors Bureau photo Louisville Convention & Visitors Chris Denslow photo Louisville Convention & Visitors Bureau photo Louisville Convention & Visitors Above: The Madison Regatta festival includes one of the nation’s largest hydroplane and powerboat races, which takes place on the Ohio River. Left: The pronunciation of Louisville is a popular topic of conversation among residents and visitors. lanereport.com One Region, One Vision 7 2012 MRGL 1-24.indd 7 2/7/12 5:00 PM PEOPLE & PLACES The Kentucky Derby, first run in 1875, drew a record crowd exceeding 164,000 fans on the first Saturday in May of 2011. PhotosbyZ.com photo Louisville Convention & Visitors Bureau photo Louisville Convention & Visitors Bureau photo Louisville Convention & Visitors Above: Kentucky-bred horses are known the world over for excelling in the show ring, on the racetrack and in other pursuits. Bardstown-Nelson Co. Tourist & Convention photo Tourist Bardstown-Nelson Co. Above: Thunder Over Louisville kicks off the two-week Kentucky Derby Festival. Left: Federal Hill in Bardstown, Ky., inspired Stephen Foster’s beloved song “My Old Kentucky Home.” 8 The Lane Report’s 2012 Market Review of Greater Louisville and Southern Indiana lanereport.com 2012 MRGL 1-24.indd 8 2/7/12 5:00 PM Above: Capacity crowds often fill the KFCYum! Center for concerts featuring big-name performers and for University of Louisville basketball games. Right: The UofL Cardinals evoke fierce pride among residents of the region. Below: Many activities and events enable people to enjoy the Ohio River. John Nation photo Left: Nearly 30,000 runners participated in the Louisville Triple Crown of Running in 2011. Below: The KFC Yum! Center is the latest addition to the skyline of downtown Louisville. Jonathan Roberts/Brightroom Photography photo Louisville Convention & Visitors Bureau photo Louisville Convention & Visitors lanereport.com One Region, One Vision 9 2012 MRGL 1-24.indd 9 2/7/12 5:01 PM 2012 MRGL 1-24.indd 10 2/8/12 10:45 AM 2012 MRGL 1-24.indd 11 2/7/12 5:01 PM PEOPLE & PLACES Right: Businesses and residents of Southern Indiana take advantage of proximity to Louisville. Below: Louisville’s hometown heroes include Col. Harland Sanders of Kentucky Fried Chicken fame and television journalist Diane Sawyer. Clark-Floyd Counties Convention & Tourism Bureau photo Tourism Clark-Floyd Counties Convention & KentuckyTourism.com photo KentuckyTourism.com Above: The Abraham Lincoln Birthplace National Historical Park in Hodgenville, Ky., is the first memorial to honor the president, who was born in Kentucky. Below: Campbellsville, Ky., in Taylor County represents numerous communities in the region that offer small-town charm. Staff photo Staff Campbellsville.com photo Quadrant Photography photo Above: The Belle of Louisville and the Spirit of Jefferson are steamboats that cruise the Ohio River. 2012 MRGL 1-24.indd 12 2/7/12 5:01 PM Above: The Bernheim Arboretum and Research Forest, located about 25 miles south of downtown Louisville, offers a unique connection to nature. Left: Towns