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Arts & Culture ...... 55 ON THE COVER Table of Contents Sports ...... 58 8UP Elevated Drinkery and Kitchen, a restaurant, lounge and bar located on the rooftop of the Hilton Garden Inn, People & Places ...... 4 offers spectacular views of the downtown Louisville skyline. Cover Story ...... 10 COUNTY DATA Photo by Marty Pearl Demographics ...... 16 Jefferson County, Ky...... 60 One Southern Indiana ...... 17 Bullitt Co., Ky...... 60 Underwriters Greater Louisville Inc...... 18 Clark Co., Ind...... 60 Louisville Forward ...... 20 Floyd Co., Ind...... 61 Logistics & Transportation ...... 22 Hardin Co,. Ky...... 61 Legal Services...... 27 Harrison Co., Ind...... 61 Banking & Financial Services ...... 30 Henry Co., Ky...... 61 Real Estate & Construction ...... 34 City of Jeffersontown, Ky...... 62 Medical Services ...... 38 Meade Co., Ky...... 63 Made in Louisville ...... 40 Nelson Co., Ky...... 63 Education ...... 42 Oldham Co., Ky...... 63 Headquarters...... 44 Scott Co., Ind...... 63 Utilities ...... 46 Shelby Co., Ky...... 64 Published by Business Services ...... 48 Spencer Co., Ky...... 64 Bourbon & Hospitality ...... 50 Trimble Co., Ky...... 64 Attractions, Meetings & Conventions ...... 52 Washington Co., Ind...... 64
Executive Editor Publishers Circulation/IT IT Services MARK GREEN BRETT LANE JOSIAH WHITE NETGAIN TECHNOLOGIES MEREDITH LANE FERGUSON Market Review Editor Consultant Design & Production ABBY LAUB hi rations fic r DICK KELLY STONE ADVISORY NICOLE CONYERS WHITE Production Editor Marketing Consultants Pre-press & Printing LORIE HAILEY Senior Associate Publisher CURTISS SMITH PUBLISHERS PRINTING CO. DONNA HODSDON KRISTINA DAHL Associate Editor KAREN BAIRD Associate Publisher Creative Director Founder HAL MOSS JESSICA MERRIMAN ED LANE Director of Digital Media (1985-2015) JONATHAN MILLER
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2 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com We may find a cure for cancer–right here in Kentucky
Dr. Ray Takigiku’s company, Bexion Pharmaceuticals has developed a way to kill tumor cells in certain types of cancers while leaving healthy cells intact. And he’s doing it in Kentucky. Thanks to Kentucky’s strong support, and eight years of research, Bexion now has FDA approval to begin clinical trials. This could someday lead to a cure for cancer. Kentucky oers a blend of opportunity, innovation and lifestyle. And with some of the lowest cost of living in the country and an abundance of recreational opportunities, Kentucky is growing a reputation as a place where great things happen.
Kentucky makes dreams become reality. What can we make for you? (800) 626-2930 • ThinkKentucky.com PEOPLE & PLACES
Living it up in Louisville Greater Louisville and Southern Indiana’s economic, entertainment and residential landscape attracts the best and brightest
Above: Using reclaimed wood, Danish artist Thomas Dambo created three giant trolls at Bernheim Forest to celebrate the park’s 90th anniversary. Bernheim is the largest privately held forest dedicated to conservation and education in the eastern United States.
Left: More than 1,500 horses live on the grounds of Churchill Downs each year.
4 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com Above: The annual Louisville Pride Festival in the Highlands neighborhood is a colorful celebration of equality that features family-friendly entertainment and vendors.
Left: Operating since 1928, The Louisville Palace is on Fourth Street, between Broadway and Chestnut. It has a seating capacity of 2,700 people, and its opulent Baroque appearance makes it Above: The KFC Yum! Center, situated on the Louisville popular with musicians. waterfront, hosts numerous events each year, including big name musical acts, sporting events and more. Below: More than 28 million people have visited the Below: Wheatley Elementary School chess team Louisville Zoo since it opened members take turns on a life-size chess set at the 50 years ago. The 134-acre California Community Center, which received updates park has 1,100 animals, award- in 2018 thanks to a partnership between Louisville winning animal habitat exhibits Parks and Recreation and Heaven Hill Brands. and lush botanical gardens.
lanereport.com One Region, One Vision 5 PEOPLE & PLACES
Louisville and Southern Indiana boast not only big business but ample waterfront and leisure areas for residents to enjoy. The region is a prime place to live, play and do business.
Right: Mayor Greg Fisher gets a high fi a t r icating a n fi a si socc r fi l at Beechmont Community Center. It was funded by a partnership between the Louisville Parks Foundation and the Louisville City FC, Kentucky’s only professional soccer team.
Left: The Kentucky Derby at Churchill Downs attracts tens of thousands of fans and puts an international spotlight on Louisville every year.
Below: The Evan Williams Bourbon Experience offers visitors a close-up view of the distilling process.
Above: The Hike, Bike & Paddle – held each year on orial a an a or a incl s fitn ss demonstrations, vendor booths and giveaways, as well as a 5K hike, a 12.5-mile bike ride and a paddle on the Ohio River. THIS IS AN ADVERTISEMENT
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Above: The Bardstown Bourbon Company is set on 100 acres of active farmland in Bardstown, where it produces bourbon, whiskey and rye brands. The centerpiece of the distillery is Bottle & Bond, a modern, full-service restaurant where guests can dine with a view of the working
istill r thro gh oor to c iling glass alls. Churchill Downs photo Bob Hower photo
Above: The Ohio River is the original economic heart of Louisville and remains a major artery of commerce. The thriving Central Business District that today is attracting adults from around the state and nation has risen on its banks, just above the Falls of the Ohio.
Right: Broad Run Park sits on 600 acres of land at the Parklands of Floyds Ford in Louisville. It features dramatic views, waterfalls, tree-lined paths, creekside communities, hiking trails and traditional park amenities.
Special occasions mean stunning LED light shows on the Big Four Bridge over the Ohio River. Above: Iconic Churchill Downs and its signature Twin Spires are the familiar setting of the Kentucky Derby on th first at r a in a . h rac trac is a not to iss o is ill stination.
Left: Museum Row offers several exciting tourist attractions, all located within a few historic blocks of downtown Louisville.
Above: Just east of Louisville, Shelby County is a major equine tourism destination.
Left: The Muhammad Ali Center, a museum and cultural center built as a tribute to the champion boxer Muhammad Ali and his values, is located in Louisville’s Museum Row in the West Main district of downtown. COVER STORY A region today’s tech talent can’t resist Greater Louisville has that prime mix of quality of life, affordability and professional prowess to attract tech companies, young talent
Employees of El Toro, a rapidly growing IP targeting company in Louisville, have access to one of the country’s largest private bourbon bars at the fir s o fic s ac in istill r o ons. t s on of several perks that draws young talent to the company. El Toro’s dog-friendly environment and in o fic hairc ts ar also o lar.
And given that Louisville is a mid- sized city, there’s also ease in connecting and creating community, which can be hard to do in a massive environment where you’re just another number. This is part of what has kept nanotechnology specialist Dr. Angelique Johnson, CEO of MEMStim LLC, in Louisville. Using microfabrication, MEMStim manufactures low-cost, high-performance, implantable neurostimulators. Johnson’s company currently produces cochlear implants, but MEMStim is still in the research and development phase as the company works to perfect its manufacturing process, she said. Johnson is in talks with major companies around the world, including Cochlear Unlimited. MEMStim was founded in 2011. BY ABBY LAUB scene starting to evolve here. Things like “I had originally started it just kind of as Appriss, Endeavor … and companies like an entrepreneurial student at University of VERY summer, 20 to 30 interns from Humana and UPS have very large tech Michigan when getting my Ph.D.,” Johnson around the country flock to an ultra- staffs. There’s kind of this hidden tech said. “I just wanted to explore the world of hip, high-tech firm that offers hefty economy in Louisville. People say, ‘Well, entrepreneurship, but then I soon found out Esalaries, workout breaks, in-office haircuts, Humana is a health care company,’ but that if we were successful at automating the and a dog-friendly environment – not to they have hundreds of data scientists and manufacturing process in electroleads that mention access to one of the country’s programmers. Those are things every there were companies interested in that and largest private bourbon bars. This office isn’t company is going to use going forward. that it would solve challenges people have in Silicon Valley – it’s the Louisville home There are a bunch of jobs [in tech in the been trying to address for decades.” of El Toro, a genius 7-year-old technology Louisville area].” Johnson has a doctorate in electrical firm that specializes in marketing through Making young talent aware of this engineering from Michigan, and IP targeting. burgeoning ecosystem and filling those Stacey Griggs, CEO of jobs is a challenge gladly undertaken by THINK KENTUCKY El Toro, moved back to Griggs and his team. Old Capitol Annex Louisville nine years ago “We’re relocating a lot of younger 300 W. Broadway Frankfort, KY 40601 after pursuing education people, especially, who are recent college 1-800-626-2930 and career elsewhere. graduates who might have grown up in ThinkKentucky.com Now, in addition to the Carolinas, Arkansas, Illinois,” he said. As leader of the Kentucky running his rapidly Stacey Griggs, “We’ve brought in people from a broad Vivek Sarin, CEO, El Toro Cabinet for Economic growing company, he’s got regional footprint. If you’re within 500 Development, Vivek Executive his sights set on growing the tech scene miles of here, you’re much more likely to Sarin has overseen a fic r and talent in the region. And shining a relocate here than someone from Silicon record level of investment in Kentucky. The commonwealth’s new pro-business approach light on what’s already here. Valley and New York.” and aggressive efforts to reduce red tape have “People expect tech companies to be Aside from the fantastic job prospects fostered unprecedented growth from companies in New York or Silicon Valley. They’re not available, the first thing they discuss is throughout the globe. The Cabinet offers surprised we’re in Louisville, but they’re the great balance of life, he said, adding innovative economic development approaches to help companies of all sizes grow, develop surprised we’re not in Silicon Valley,” that “for the salary you have here, you their workforce and succeed long term. he said. “We’ve got this really cool tech don’t need to have four roommates.”
10 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com previously earned undergraduate degrees in mathematics and computer engineering, as well as a master’s degree in electrical engineering. Johnson settled in Louisville after a short stint at the University of Louisville. She still works with the university in a small capacity and utilizes university laboratory space for her business, in addition to trying to get nanotechnology in the hands of UofL surgeons. Aside from growing her business, her time in the region has been highlighted by building community, serving in leadership roles and working to foster an overall environment that is accommodating to entrepreneurs of all types, particularly women and minorities. “I think Louisville really is a possibility city,” Johnson said, echoing a Greater Louisville Inc. (GLI) branding phrase from a few years ago. “In terms of MEMStim, it can be difficult because getting access to talent and connecting with other companies in my sector – there aren’t many. But what I enjoy Dr. Angelique Johnson of MEMStim raised $2.5 million in grants to help get most is giving back to other entrepreneurs. her nanotechnology business off the ground. She devotes her time not only There is great opportunity here in the to running her business but also helping other entrepreneurs in Greater city to give back to women and other Louisville. “When you’re an entrepreneur, you have all of these ideas for businesses in your head. What I didn’t anticipate is the more I helped others entrepreneurs of color as they’re walking with their businesses, the less I was distracted from my own business. It is and building their dream.” a way to release that constant innovation energy. Louisville has some really She works with all entrepreneurs, great high-tech facilities that aren’t oversaturated with users, so you can be a whether it’s selling muffins or small startup and get access to what you need.” electroleads, she said. She founded Diversity Pitch Fest, a multi-week show up to startup community events … In April 2019, JPMorgan Chase named training program in entrepreneurship I was like ‘Let me make some friends,’ ” Louisville as one of five winning cities in from 2016-2018. She’s been involved she recalled. “I got to know people and its inaugural AdvancingCities Challenge, in myriad other mentorship, leadership recruited people to come to events. I was part of a $500 million, five-year initiative and nonprofit roles that support building the community that I wish I had to drive inclusive growth and create entrepreneurs. when I came to Louisville.” greater economic opportunity in cities. Her versatility, genius and desire to The program awarded $3 million apiece help others is the ultimate trifecta – but ‘Skills … the most important issue’ to five U.S. cities that presented cross- she admits it wasn’t always for purely This mentality of involvement and cutting approaches to solving entrenched philanthropic reasons that she began engagement with others is precisely what challenges in their communities. The giving back. leaders in Louisville work to foster, and four other winning cities were Chicago, “It probably started somewhat from seek to do more. And, the fact that it’s Miami, San Diego and Syracuse, N.Y. a selfish perspective, being the only already happening is not lost on national Louisville was selected because the African-American female who would influencers with deep pockets. proposal from its community organizations Caleb Perry/Appriss photo successfully outlined a local coalition of elected, business and nonprofit leaders working together to address major social and economic challenges, such as employment barriers, financial insecurity and neighborhood disinvestment. The AdvancingCities Challenge attracted more than 250 proposals from
Employees at Appriss take time to unwind during a oga class at th fir s on sit lln ss c nt r. The data and analytics service provider has many times been ranked one of the best places to work in Kentucky. Appriss uses data and analytics to address safety and compliance concerns for clients across an array of government and commercial enterprises in 25 countries. About 400 people work at its Jeffersontown headquarters. lanereport.com One Region, One Vision 11 COVER STORY
143 communities across 45 states and territories. Proposals were required to incorporate at least two of four strategic drivers of inclusive growth within JPMorgan Chase’s Model for Impact: jobs and skills; small business; neighborhood revitalization; and financial health. Louisville’s winning proposal, Louisville Digital Inclusion and Economic Resilience, will use high- touch community outreach in six of the city’s lowest income neighborhoods. The program will equip residents with the skills to compete for jobs while connecting them to financial and social services through a formalized referral network and a new shared data platform. Just a week before the significant JPMorgan Chase news broke, UofL and IBM announced another big win: A new people will operate with digital technology, More than 1,200 student-led teams from around IBM Skills Academy – one of only five including ethics and human bias in coding. the world competed in the 2019 VEX Robotics “This is a game changer World Championship at the Kentucky Exposition anywhere – will come to campus to help Center. Louisville has been the home of the VEX move the university, the City of Louisville for UofL and for the competition since 2015. and the Commonwealth of Kentucky to the commonwealth,” said forefront of data science and digital learning. university President Neeli The academy opens in fall 2019 and Bendapudi. “The new provide training for select UofL faculty will be housed in the newly created Center skills academy will close in eight areas: artificial intelligence, the digital divide that has for Digital Transformation. It will provide Neeli blockchain technology, cybersecurity, future-focused curriculum in areas such existed between Kentucky Bendapudi cloud technology, data science, internet as artificial intelligence, blockchain, and high-tech areas such President, of things, design thinking and quantum cybersecurity and cloud computing. as the Northeast corridor University computing. Once trained, UofL faculty of Louisville IBM’s artificial intelligence tools and and the West Coast.” will teach colleagues and students related education initiatives are drawn IBM will make available software and and serve as workforce development from methods and technologies IBM cloud technology with an estimated value agents for the community. Through the has developed in-house to drive its own of up to $5 million to UofL students collaboration, UofL faculty also will workforce transformation. The IBM Skills and faculty for teaching and non- participate in curricular innovation, Academy transforms how cultures and commercial research purposes. IBM will including integrating digital learning into their college courses, as well as in K-12 Humana heads up tech talent attraction classes. “Skills are the most important issue of ORTUNE 500 company Humana is a constant innovator, and its presence our time. The true potential in digital and in Louisville provides leadership AI systems is in their ability to work in Fand inspiration to the region. It has its partnership with humans,” said Naguib sights set on growing its future through a Attia, vice president for Global University prepared workforce. Humana has approximately 2,000 Programs, IBM. “The University of employees working in technology roles Louisville is empowering students and in Louisville, according to Humana faculty to flourish in the era of AI and spokesperson Kate Marx. automation by preparing them with the “To continue to attract talent, we offer a variety of intern programs for high necessary skills to make the partnership school, undergraduate, and graduate between people and AI as beneficial as students,” she said. “Humana also offers possible.” competitive benefits, including tuition reimbursement, which offers our current employees the opportunity to continue Statewide partners their education and growth.” In-state partnerships also have created Associates in the Humana Digital Experience Center And in May 2019, the Humana exciting possibilities for the Greater help develop new digital products for the company, Foundation, Interapt and the University Louisville region, which will spill over such as those found in apps or on websites. The center’s of Louisville announced a partnership to environment is designed to foster agility and collaboration. bring a paid, immersive training program into the rest of Kentucky. that teaches high-demand IT skills to In March 2019, the University the underemployed and unemployed in the Louisville community. The program, dubbed “Louisville of Kentucky in Lexington and UofL Skills,” will provide up to 25 individuals the opportunity to build the technical, business and life skills announced a $2.1 billion comprehensive necessary to work in a fast-paced, high-tech environment, preparing them to launch promising careers in the tech industry. fundraising campaign in a partnership The Humana Foundation has earmarked $325,000 for the project, which will be targeted to to increase the number of degrees residents in Louisville Metro, particularly in West Louisville. This is Interapt’s first partnership with a attained for a better statewide future. major university. Citing Louisville’s importance as an
12 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com Factors like having the highest More for the money: Oldham has the greatest speed broadband and nice office space “demonstrate that a city understands and purchasing power of any Kentucky county has eliminated basic limitations to upward May 2019 study from financial technology company SmartAsset shows where in Kentucky expansion,” he said. But accessing talent people can get the most out of their money. The study compares median income and cost often comes down to “softer elements,” he of living data nationwide to find the counties where people hold the most purchasing power. AFive of the top 10 counties are in the Greater Louisville MSA. said, things like a well-connected network RANK COUNTY, STATE COST OF LIVING MEDIAN INCOME PURCHASING POWER INDEX of like-minded tech colleagues and space to bring them together. 1 Oldham, Ky. $47,588 $92,237 85.40 “They’re looking for 2 Spencer, Ky. $41,994 $68,916 72.31 culture and community 3 Boone, Ky. $44,587 $72,731 71.88 that reveres and rewards 4 Scott, Ky. $40,920 $65,598 70.64 creativity, innovation and 5 Shelby, Ky. $39,513 $63,171 70.44 risk-taking,” Mefford 6 Nelson, Ky. $36,096 $55,182 67.36 said. “Those elements are 7 Bullitt, Ky. $39,218 $59,917 67.32 represented tangibly by a Brian Mefford, 8 Woodford, Ky. $40,231 $60,604 66.38 vibrant arts community, by Executive collections of companies that Director, 9 Kenton, Ky. $39,173 $58,674 66.00 fic o 10 Campbell, Ky. $39,099 $57,208 64.47 are thriving in technology- Entrepre- intensive industries, and by a neurship, ‘density’ of young companies Kentucky economic engine for the state, UK kicked alternative to Austin, Charlotte, Raleigh and the investors who are Cabinet for Economic off Kentucky Can: The 21st Century and Nashville,” said Brian Mefford, actively providing capital to Development Campaign. executive director of KY Innovation, fuel their scale-up.” “Through our education, which operates in the state Cabinet for Many technology-based workers and research, service and Economic Development. startups are mobile based, he noted. And clinical care, we are “To outperform and truly reach its waiting in traffic in a huge metropolitan area building a brighter future potential, Louisville can’t be content with doesn’t do anyone favors. Enter Louisville. for everyone we serve. … its role as a top metro for Kentuckians “Competition for their attention is We are doing more, being who want an urban lifestyle. It has to fierce,” he said. “Data tell us there’s a strong more for Kentucky,” said Eli Capilouto compete nationally,” Mefford said. “We tendency towards cities or regions that offer UK President Eli Capilouto President, will outperform competitors by being our convenient access to big city amenities but at the announcement. University authentic selves, by leaning into industry/ provide a smaller city feel, offer access to “Louisville is central to of Kentucky cluster strengths and by using our unique natural beauty and outdoor activities, and our effort and to the state’s future. In so mix of Middle America resolve and provide a lower cost of living and working.” many ways, its success and our success are practicality with a mix of Southern work This is where Louisville is leaps and inextricably linked.” ethic, charm and, yes, our penchant for bounds ahead of its competitors. The goals of the fundraising campaign, making it fun.” “Kentucky, and Louisville particularly, Capilouto said, align completely with many of the city of Louisville’s aspirations Big bucks to Greater Louisville companies for the future. Along with increasing graduation rates, UK has ambitious N February 2019, 10 high-tech Kentucky companies were announced as recipients of $2.18 million in state matching funds to promote growth and job creation in high-paying research and plans to nearly double the number of technological fields, from disease research to water treatment. The Kentucky grants match in part the engineering students, and continuing Irecently announced $5.1 million in federal grants the businesses will collectively receive. to increase its research and health care The grants are part of the commonwealth’s Small Business Innovation Research (SBIR) and Small efforts to reduce Kentucky’s cancer rates Business Technology Transfer (STTR) Matching Funds program. The program, overseen by KY Innovation within the Kentucky Cabinet for Economic Development, matches all or part of federal SBIR/STTR awards and taking on the twin epidemics of received by Kentucky-based companies or companies that commit to relocation in the state. opioid and substance abuse disorders, Three of those companies – Bert Thin Films of Louisville, Endoscopy Assist Devices of Louisville, among other challenges. and Liberate Medical of Crestwood – were among the high-tech winners. In Louisville specifically, UK already And then in April, the 21st class of Leadership Louisville Center’s Ignite Louisville program graduated following a day of presentations to a panel of esteemed judges. The six teams put is engaged in a number of collaborations, their work for local nonprofits on display in hopes of winning the Ignite Louisville Challenge and including a design studio focused on earning additional funds for the agency they worked to assist. The team working with Louisville Youth the historic Portland neighborhood, Group was selected as the winner of the challenge and will receive the $1,500 prize made possible clinical partnerships in health care and by the Leadership Louisville Center. While one team was selected as the winner, all six nonprofit agencies received significant support, with the six teams contributing over 2,500 hours of service and nursing, agriculture extension programs providing over $350,000 in value to the nonprofit agencies. and continuing to strengthen the city’s These are just several of countless examples of partnerships and dollars across industry leaders nationally recognized presence in the and public leaders to create a more robust business atmosphere in the region. And sometimes this comes in the form of free help. bourbon industry. In February 2019, EnterpriseCorp and the Forcht Center for Entrepreneurship at the University of Louisville College of Business partnered for the third year in a row to host the annual RevIt – Beating out Austin, Accelerating Customer Growth event. Revlt provides free, tailored marketing advice from marketing Raleigh, Nashville and branding experts for early-stage start-up companies in the Greater Louisville region. From the 16 applications received for this highly competitive program, the five companies chosen to participate Influential statewide partnerships were Autymate (formerly IBEX Software), Crypto Consulting Group, EZ-Chow, MobileServe, and benefit Louisville and beyond. And now Regulation and Revenue (formerly NoticeOfIntent.com). Louisville needs to shine as a “must-see lanereport.com One Region, One Vision 13 COVER STORY
corporate engagement, strong integration of university innovation and enthusiasm among entrepreneurs.” He cites Techstars, a national leader and expert in the area of cultivating vibrant startup communities, which generated excitement by adding the city to its global network. And corporate leaders in Greater Louisville are more engaged than ever, as witnessed by the leadership role of the Louisville Healthcare CEO Council. City Champs, an ambassador program started by Greater Louisville Inc.’s “Live in Lou” team, trains In early May, LHCC along with KY volunteers to be resources for people who have recently moved to Louisville or are considering it.. Innovation and numerous other partners held the first CareTech Pitch Derby, a Louisville transplants love Louisville life competition to identify, recognize and support innovators for Louisville’s health ARY Ellen Wiederwohl, chief of Louisville Forward, cited statistics that Louisville is growing by care and aging care industry clusters. about 1 to 1.5% per year. Hundreds of companies applied from “We’d really like to get to 2 to 2.5% in sustained growth,” she said. “We’re maintaining and Mgrowing. We don’t want to have hyper growth and lose cost competitiveness and affordability and have around the world for the opportunity to infrastructure that can’t keep up.” pitch LHCC leaders. Since Louisville residents aren’t reproducing at a rate that would increase the population and the A “Shark Tank” Open Casting Call talent battle is fierce, Wiederwohl said the region is utilizing tools like liveinlou.com to showcase the took place that same week in Louisville. diversity of neighborhoods, jobs and amenities that Greater Louisville has to offer. Local transplants from other states, like Dr. Angelique Johnson, CEO of MEMStim LLC, agree that An ongoing success is Kentucky’s the city is a great place to live. Small Business Innovation Research “Louisville is great because it is a relatively big city but it does have a small feel to it,” she said. (SBIR) and Small Business Technology “The cost of living is great, and you’re not too far from Cincinnati and Nashville and other cities. It’s a Transfer (STTR) Matching Funds nice warm community where you can reach out and connect and build your family.” Selling this type of atmosphere to talented college graduates is as simple as getting students to program, which promotes growth and job town. Stacey Griggs, CEO of El Toro, said the company’s intern pipeline is a key to ensuring more full- creation by providing grants to match as time workers will relocate – or in some cases, stay – in Louisville. much as 100% of federal SBIR and STTR “Three years ago when we started interviewing interns, we found that many of them had already investments in high-tech research-based interned for one or two years at Google or Microsoft, and Louisville was essentially an exporter of tech talent,” Griggs said. “They’d go intern with someone on the East or West Coast, and so they’d go there companies when they commit to remain after their education. We need to stop exporting people after their education … Interns are going to in or relocate to Kentucky. In February, stay where they know, and [our intern program] helps us build a team and a company.” the Cabinet named 10 new SBIR-STTR One successful program that El Toro initiated is Bulldogs in the Bluegrass, which is a group of Yale graduates living in Kentucky. recipients – including two Louisville “They’ll bring 30-40 Yale interns to Louisville every summer,” Griggs said. “We’ll have one or two companies – for this year’s round that are that’ll intern for El Toro, but they’ll have events and field trip nights and weekends. Or they’ll hear a collectively receiving $2.18 million in CEO talk or go to a concert. The whole point is, we want to get them introduced, and get more than state matches based on $5.1 million in six or eight kids back from Yale.” federal grants. These are just a few examples of has most of these elements in some and recreational options. Louisville offers partnerships at work and dollars flowing abundance,” Mefford said. “We find revitalized neighborhoods and bespoke at the state and local level to boost the consistently that once a family moves to attractions no other competitors outside technology and entrepreneurial ecosystem Louisville or a business relocates to the Kentucky can.” in the Louisville region. From tax cuts to area, they are pleasantly surprised that And old standbys such as horse free classes and mentorship, to federal the region greatly exceeds even their racing and bourbon continue to draw Opportunity Zones, the opportunities highest hopes or expectations for quality astounding crowds, as do the region’s abound. of life and business climate.” central proximity to other highlights in Cultivating that environment, and both Kentucky and southern Indiana. Middle American investment getting the message out, are mission These opportunities in some cases are imperative. He cited the growth of Offering tools for growth unique to Middle America, which is still Charlotte, Raleigh, Nashville and Austin The icing on the cake: New companies, ripe for investment. – how they’ve outpaced Louisville. tech-based or not, can get the help they Louisville-based Poplar Ventures “Louisville is on the right path,” Mefford need to succeed in Greater Louisville. in March 2019 announced the launch said. “It offers important strength in some “Our RISE Louisville initiative has of a new venture capital fund, Poplar key areas for supporting growth, like successfully reset the ecosystem by Ventures L.P., focused on investing in great location, supply chain and logistics coalescing new players along with existing early growth stage, cloud-based software efficiency, for instance. UofL, a fantastic proven partners through a financial technology companies in Middle partner of ours, is distinguishing itself investment roughly five to six times America. The initial closing raised $17 as a leader on many fronts. Amenities the state’s previous annual investment million, with plans for a final closing in are compounding, such as the SIDIS into Louisville’s innovation and startup the second quarter of this year. Entrepreneur Center, the Louisville FC ecosystem,” Mefford said. “We’re seeing Poplar Ventures is led by founder and stadium, a critical mass of local restaurants, early fruits in terms of top-rate leadership managing partner John Willmoth, a breweries, museums, performance venues talent being attracted to this initiative, key veteran corporate development executive
14 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com The Highlands neighborhood in Louisville is known for its dining, nightlife and quirky shops. Greater Louisville Inc. President and CEO Kent Oyler says GLI’s Live in Lou campaign (liveinlou. com) is a chance to showcase the area’s unique communities, like the Highlands, Germantown, Crescent Hill, Nulu and others. He says the Bardstown Road area is a “funky place.” and investor in numerous technology- based companies. Previous Poplar investments have been in Louisville, Chicago, Indianapolis, Atlanta and elsewhere. Beefing up Middle America is crucial to Greater Louisville’s economy. Many Midwestern cities are vying to become the next big tech towns, said Mary Ellen Wiederwohl, chief of Louisville Forward. “Louisville already has a nice density of tech talent and tech companies, and we’re Focus on education was started here, and now look at their trying to make sure we tell people about and built environment growth and their reach. Who is the next that,” she said. “A lot of our tech talent Regional leaders are continually ramping Appriss?” is hiding in plain sight. We have some up educational efforts from kindergarten amazing middle market tech companies to college, including non-degree track Doing business in ‘Funkytown’ like Appriss and Waystar, and bigger ones certificates. There is something offered for Greater Louisville Inc. like Humana and UPS have very large tech everyone to remain competitive. President/CEO Kent Oyler operations here, but they’re maybe not as “We’ve surpassed the national average cites the liveinlou.com well known. for our residents with a two- and four- project as a chance to tout “So we’re peeling back year degree,” Wiederwohl said. “This is unique communities and the layers and making sure critical with economic prosperity, and show people just what to people know what’s here. we’ll keep accelerating it.” expect. Soon, he said, local Kent Oyler, There are currently 20,000 Another challenge is in the built companies will be “certified President people employed in pure environment. liveinlou” brands. and CEO IT jobs. That’s a lot of our “We have a renaissance in Oyler feels so of Greater Louisville workforce and more than Mary Ellen our downtown, and in our edge passionately about neighborhoods,” she said, which are Inc., says he what people realize.” Wiederwohl, the city’s unique loves to show Wiederwohl cited the Chief, Louisville benefiting from still-new “bourbonism” neighborhoods that he visitors the success of strategies by Forward activity and efforts to make the city once called Louisville vibrant city he Louisville’s five business clusters: advanced even more walkable, connected and “Funkytown.” calls home by manufacturing; business services; food and multimodal. “We are building a city that “Louisville is a very taking walking meetings. beverage; lifelong wellness and aging care; people want to live in. There are more authentic town,” he said. and logistics. The strategy involves leaning neighborhoods (where) you can walk to “Places like Bardstown Road – it’s just into the strength of those clusters and a coffee shop or bike to work, and you a funky place. There’s fully developed building there. For example, innovation in have at your disposal all the amenities ecosystem there. Some other cities have health care involves increasing technology. of a big city. There are new amenities just one block of it, but there are 2.5 “We need to figure out where the tech coming online, and the redevelopment miles of it just on Bardstown Road. And jobs will be in those clusters ... and think of some of our neighborhoods makes the then Frankfort Avenue is also rivaling about where those specializations might livability enticing for the mobile talent of that. It’s got unique, authentic stores. We be,” Wiederwohl said. the 21st-century workers.” have the chains and all the amenities. But, one of the greatest advantages the Site selectors looking to get companies Louisville is very attractive to a lot of city touts has nothing to do with those away from high-cost markets like San people.” clusters. It’s all about cost competitiveness Francisco and other coastal hotbeds are But attracting even more people and high quality of life, she said. Plus, constantly in town, she said, attracted is imperative to Louisville to get even new perks constantly crop up, such partly by the results of billions of dollars ‘funkier.’ As part of the Greater Louisville as new direct flights to places like Los invested in the past five years to improve 2020 campaign, Oyler said, the region Angeles from Louisville. the built environment and infrastructure. would like to see 38,000 new people to “Our airport is seeing really amazing “I’m really excited about what the workforce. The regional leaders from growth,” Wiederwohl said. “And just the companies will be created here going the public and private sector are not last couple weeks we’ve had some really forward,” Wiederwohl said. “If we train to be underestimated and already have nice announcements in the tech space. this workforce to the point where we education, top hospitality and attractions, We’re getting noticed nationally and think it needs to be, we’re going to have big business and an eager startup globally … .” some neat companies start here. Appriss environment on their side. l lanereport.com One Region, One Vision 15 DEMOGRAPHICS
N
Ohio River
Scottsburg WASHINGTON TRIMBLE SCOTT
Salem INDIANA Bedford CLARK New Castle La Grange OLDHAM HENRY FLOYD Jeffersonville
New SHELBY Albany Shelbyville Corydon Louisville JEFFERSON
HARRISON Taylorsville KENTUCKY SPENCER Brandenburg Shepherdsville
BULLITT Bardstown Ohio River MEADE Radcliff Bluegrass NELSON Parkway
HARDIN
Elizabethtown
Bluegrass Parkway 15-County Region
Population Actual GreaterEstimates Louisville 1980 1990 2000 2010 2016 2018 2020 2025 Bullitt (Ky.) 43,346 47,567 61,236 74,319 79,151 15 County 81,069 Region 83,186 87,470 Clark (Ind.) 88,838 87,777 96,472 110,232 109,481 117,360 119,944 124,984 Floyd (Ind.) 61,205 64,404 70,823 74,578 72,977 77,781 78,826 80,355 Hardin (Ky.) 88,917 89,240 94,174 105,543 107,316 110,356 112,494 118,413 Harrison (Ind.) 27,276 29,890 34,325 39,364 40,474 40,350 40,636 42,091 Henry (Ky.) 12,740 12,823 15,060 15,416 15,747 16,106 15,617 15,514 Jefferson (Ky.) 685,004 665,123 693,604 741,096 773,163 770,517 790,010 815,058 Meade (Ky.) 22,854 24,170 26,349 28,602 30,035 28,715 27,395 26,780 Nelson (Ky.) 27,584 29,710 37,477 43,437 47,456 45,851 47,473 49,702 Oldham (Ky.) 27,795 33,263 46,178 60,316 68,927 66,470 69,419 74,806 Scott (Ind.) 20,422 20,991 22,960 24,181 25,470 23,878 23,507 23,664 Shelby (Ky.) 23,328 24,824 33,337 42,074 47,859 48,518 49,988 54,637 Spencer (Ky.) 5,929 6,801 11,766 17,061 20,856 18,794 19,451 21,069 Trimble (Ky.) 6,253 6,090 8,125 8,809 9,240 8,515 8,673 8,554 Washington (Ind.) 21,932 23,717 27,223 28,262 29,533 27,943 30,015 30,436
Totals 1,163,423 1,166,390 1,279,109 1,413,290 1,477,685 1,482,223 1,516,634 1,573,533
Sources: Kentucky State Data Center, University of Louisville; STATS Indiana-Population Projections; U.S. Census Bureau: State and County QuickFacts and stats.indiana.edu
16 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com ONE SOUTHERN INDIANA ‘The Fouridor’ of South Central Indiana Economic development leaders leverage region’s transport strengths for growth and prosperity
OUTH Central Indiana has a story as to its center. This connection allows easy Paducah & Louisville Railroad. The line to share with businesses that want access via Interstates 265, 65, 64 and 71 to serves numerous major companies and to grow. Thanks to a coalition of all the major employment and industrial the Port of Indiana-Jeffersonville. Seconomic development areas throughout the metropolitan area. Louisville Muhammad Ali International leaders from Duke Energy, Indiana is in the process of widening Airport is less than 10 miles from the the Port of Indiana- Interstate 65, which dissects South Central Indiana border. It is the third largest cargo Jeffersonville, the River Indiana and connects it to I-265, I-64 airport in the U.S. and home to UPS Ridge Commerce Center and I-71. Private enterprise is partnering Worldport. Also within 10 miles of the and One Southern Indiana with the state to build a heavy-haul Ohio River, the Clark Regional Airport has (1si), this tale can be told. Wendy Dant transportation corridor connecting the completed a $17 million investment to Introducing The Chesser, Port of Indiana-Jeffersonville with the River extend its runway to 7,000 feet. Fouridor: a campaign President/CEO, Ridge Commerce Center, a business and The Ohio River is a transportation highlighting the South One Southern manufacturing park under development in corridor and home of the Port of Central Indiana business Indiana Clark County, located just off I-265. Indiana-Jeffersonville, which provides environment, its authentic Midwest barge connections to the Gulf of Mexico can-do spirit and its potential to propel Rail, runway and rivers through the Ohio and Mississippi rivers businesses upward. The story begins with The current railroad network carries for more than 1,000 barges, 250,000 the confluence of the “Four Rs” – roads, rail, one-third of U.S. exports. Local service, trucks and 17,000 railcars annually. The runways and river access. provided by CSX Railroad Corp., recently port is investing $10 million in a new invested $90 million to upgrade tracks, road and rail transportation corridor that Well-connected roads bridges and signals to safely support the will provide access to the Ohio River. South Central Indiana boasts two new anticipated growth of traffic between Business leaders in the Fouridor are bridges, bringing the number of bridges the crucial waypoints of Louisville and leveraging the state’s economic strength over the Ohio River to five, connecting Indianapolis. The Louisville & Indiana and momentum to help businesses grow the region on the west and east side of the Railroad connects with CSX, the Indiana and prosper. Be part of this story. Visit Greater Louisville Metropolitan Area as well Railroad Co., Norfolk Southern and the thefouridor.com. l
welcome you to The Fouridor www.thefouridor.com GREATER LOUISVILLE INC. 2019: The year of tech GLI promotes region’s tech economy, helps prepare workforce for future’s tech jobs Marty Pearl photo
ROWING the region’s economy Louisville will always have its core Greater Louisville Inc. is one of only 3% of is the main focus of Greater sectors of aging care, food and beverage, cha rs nationall c rtifi ith fi star Louisville Inc. (GLI) – the Metro logistics and advanced manufacturing, accreditation status by the U.S. Chamber of Commerce, based on GLI’s dedicated policy GChamber of Commerce. As the region’s said Kent Oyler, GLI president and CEO. orts cti o rations n ficial rogra s largest convener of business leadership, “But we turn to tech to reprioritize and overall positive community impact. GLI leads economic and global outreach investment, create jobs and more strategies focused on business attraction, opportunity. And every company is now nurtures the entrepreneurial ecosystem, a tech company to some degree,” Oyler Louisville must attract new tech talent, and champions the development of the said. but also retrain its current workforce. A community’s talent base. The region must turn to tech because new GLI partnership with UofL, LHCC 48% of jobs in the Louisville Metro area and XlerateHealth, called LEAP, will help – 391,000 – are at risk for disruption or reinvigorate tech-based entrepreneurship elimination through automation and AI and prepare workers for the tech economy. in the next 20 years. Among the most Through Live in Lou, GLI’s talent vulnerable are those in office administration, attraction initiative, more tech workers production, transportation, and food are being recruited to the region. GLI advocates for a pro-business preparation, he said. The Live in Lou website (liveinlou. environment and facilitates businesses’ The region must prepare com) is a resource for those who are engagement on issues that impact its workforce for the digital thinking about moving to the area, regional competitiveness. wave, which is sweeping touting its affordability, diversity, unique One of the organization’s main focuses over the area now and will neighborhoods, entertainment attractions this year is raising awareness about reach into “pretty much and expanding job market. the region’s fastest growing job sector: every field,” Oyler said at The website also serves as a job board Technology. GLI declared 2019 as the GLI’s annual meeting. Kent Oyler, for local tech jobs. Year of Tech for the region at its annual “The future is exciting President The region currently has 1,300 tech meeting. The Louisville Metro area is an and bright if we decide to and CEO, companies employing 20,000 people. Greater emerging technology hub, and through the skill up our workforce for Louisville Inc. declaration, GLI is shining a spotlight on these jobs of the future, Engaging with efforts to build the region’s digital future and not very bright if we don’t,” he said. tomorrow’s workforce – to raise awareness, build consensus and “We are in a competition like no other for GLI connects businesses and investors ultimately, galvanize support for Louisville’s the companies and jobs of the future and with opportunities to engage with growing tech economy. we are not yet prepared.” tomorrow’s workforce and is committed
18 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com to ensuring that our region’s workforce • Summerworks. GLI serves as • Workforce think tank. The innovations are utilized to their fullest a champion for Summerworks, a chamber collaborates with the business capacity through several initiatives, program designed to help young community to develop a workforce including: people in the Greater Louisville region taskforce, comprised of community • Academies of Louisville. GLI find high-quality, paid summer jobs. leaders, human resources managers and works closely with Jefferson County The organization works with the education providers. The group works Public Schools and KentuckianaWorks to team at KentuckianaWorks to recruit to solve common workforce issues, such support the Academies of Louisville and business participants and promote youth as transportation, childcare and hiring facilitate robust school and business employment opportunities in Jefferson regulations. partnerships. The Academies program County. “We understand the need for represents a groundbreaking shift in • Talent Pipeline Management second chance employment, wrap- education. Businesses partners offer (TPM). GLI was selected by the Kentucky around services for opportunity youth, curriculum support, interact with Chamber Workforce Center to promote immigration reform and the impact of students in the classrooms through the U.S. Chamber’s TPM project, the national opioid crisis,” GLI said. “We presentations and project-based learning, which is a supply chain approach to are developing resources, programs and host field trips and provide opportunities workforce development. In collaboration initiatives to address these issues.” for student employment. Students who with KentuckianaWorks and other • Finding health solutions. attend the Academies graduate with regional partners, GLI assembles GLI partners with Humana to real-world credentials, certifications, employer collaboratives to address help businesses with one of their work-based learning experiences and industry specific pain points, increase largest expenses: health insurance. strong soft-skills. More than 100 business the regional talent pool and encourage The HealthSolutions plan is available partners participate in the program. dialogue between training providers, exclusively to investors who join an • Regional economic development educators and hiring managers. employer industry sub-association. and workforce steering committee. GLI • Workforce connections. GLI’s Businesses that enroll in the special regularly convenes its regional partners staff has expertise in navigating the association plan can potentially save to discuss workforce and education Greater Louisville workforce ecosystem. between 5 to 20% on health insurance challenges and best practices. It We are happy to help investors make premiums. (Find out more understand that the community’s connections to pipeline programs. It at greaterlouisville.com/chamber/ population crosses county and state offers resources and events to help health-solutions) lines for both education and work. GLI facilitate relationship building between is developing bi-state multi-county education and training programs and Learn more about the region, and about approaches to workforce development. employers with workforce needs. GLI, by visiting greaterlouisville.com. l
Greater Louisville Inc. is hard at work creating jobs and growing the economy. #GROWINGLOU
GREATERLOUISVILLE.COM/JOIN | 502.625.0000 | lanereport.com One Region, One Vision 19 LOUISVILLE FORWARD
Many tech companies choose Louisville because it is a cost-competitive environment. It’s also affordable for the employees to live in Louisville, which has many high-quality amenities, including 18,000 acres of urban parkland and internationally recognized culinary and bourbon scenes.
Ahead of the curve, embracing the future Louisville invests in growing tech workforce, positions itself as emerging technology center
OUISVILLE – a city known globally “In the near future, all Center for Digital Transformation. IBM is for bourbon, logistics and the jobs are going to involve partnering with only five U.S. universities. Kentucky Derby − is positioning itself some technological The same month, Louisville was Las an emerging technology center able to expertise, and we named one of five AdvancingCities by meet the workforce needs of all industries need to ensure that JPMorgan Chase. Part of the funding from that must grow and innovate through Louisville’s workforce that grant will create TechLouisville, a technology. is prepared,” said Mary Mary Ellen free program that will help hundreds of Ellen Wiederwohl, chief Wiederwohl, residents from the city’s lowest-income Chief, of Louisville Forward, Louisville neighborhoods learn skills to obtain the city’s economic and Forward entry-level IT jobs. community development TechLouisville will expand the work arm. “Our employers and workforce that nonprofit KentuckianaWorks is are ahead of the curve, investing in and already doing through Code Louisville, With bold but attainable embracing this future. Louisville is a a successful public-private partnership pronouncements like its plan to quintuple future-ready economy.” started in 2013 that provides software the growth of its tech workforce, Louisville Through multiple programs and development classes, mentoring and is forging a tech talent pipeline that will partnerships, residents can gain skills customized training for companies’ connect skilled workers to high-quality jobs. from entry-level IT to high-tech, setting specific needs. More than 1,100 The city is investing in growing them up for competitive, high-paying Louisvillians have completed courses its current 17,000 tech jobs through jobs. The tech talent pipeline starts through Code Louisville. existing programs like Code Louisville, at Jefferson County Public Schools’ While those programs help fill new initiatives such as the Bit502 tech Academies of Louisville, where students companies’ workforce needs, Louisville’s apprenticeships, and partnerships with can graduate with entry-level tech skills, strong partnerships continue to bolster educational institutions, private business and it continues into college and beyond. the entrepreneurship side of tech. and nonprofits. In April 2019 the University of The city’s startup scene is Growing tech talent is critical as Louisville announced a partnership with strengthened through entities like economies in the United States become global tech giant IBM that will provide Louisville Entrepreneurship Acceleration more high-tech and traditional jobs modern curriculum and educational tools Partnership (LEAP). LEAP is backed face automation. Because of its strong in fast-growing sectors such as artificial by heavy-hitters, including UofL, the manufacturing history, Louisville is intelligence, blockchain, cybersecurity and Louisville Healthcare CEO Council vulnerable to automation. cloud computing through its newly created and nonprofit XLerate Health, and is
20 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com Students in GE Appliances’ cooperative programs gain on-the-job experience working with various technologies and equipment. The major Louisville employer promotes innovation through its makerspace, FirstBuild.
supported by Greater Louisville Inc.’s (GLI) Enterprise Corp., research and development firm MED Institute and seed accelerator Techstars. Louisville Metro posted strong long-term performance on growth indicators tracked by Brookings Metro Monitor, buoyed by a sharp increase in employment at young firms, an indicator of healthy entrepreneurship. Jobs at young firms grew 19.1% in from 2016 to 2017 and more than 9% from 2007 to 2017. whether they are purely tech focused or “Increasingly, jobs aren’t tied to “Talent is critical to growing a cutting- investing in tech within their industry locations, and workers are moving to edge startup ecosystem. Expanding our − call Louisville home is because of its cities with high-quality amenities,” tech talent, our tech culture and our tech competitive cost of doing business. Wiederwohl said. “In Louisville, residents education pipeline is key to growing a Office lease rates in Louisville are have access to more than 18,000 acres tech economy,” said Kent Oyler, president affordable – half the price of Austin and one- of urban parkland and internationally and CEO of GLI. “We see the success third the rate of San Francisco – allowing recognized culinary and bourbon scenes that local companies are having in their companies to reduce overhead costs. The − and they can afford a nice home for less growth and the need for an increased city also was named among the top 10 than $200,000.” number of tech-related positions.” affordable cities for workers by Forbes. In Louisville, businesses and residents One reason that companies such as The decision to choose Louisville also can do more for less, and tech is driving Appriss, Humana, Waystar and UPS − comes down to its high quality of life. growth and opportunity. l TECH OPPORTUNITIES ARE HERE IN LOUISVILLE! We are growing the tech pipeline for the future economy
LouTechWorks This new initiative will accelerate growth of the tech talent pool fivefold by 2022, through collaborating with local universities and employers to scale tech training community-wide.
AdvancingCities Grant Louisville just received $3 million from AdvancingCities – a JPMorgan Chase initiative to invest in the long-term vitality of communities. Part of the grant will fund Tech Louisville, a program that prepares residents for IT support jobs.
Partnership with Microsoft Louisville and Microsoft have partnered to create Find out more at Microsoft’s first regional hub for artificial intelligence, WhyLouisville.LouisvilleForward.com Internet of Things (IoT), and data science. The two will or call 502-574-4140. work with education, workforce and business partners to strengthen and diversify the city’s core industries.
lanereport.com19LF015_Tech_Print_Ad_Half_Page.indd 1 One Region, One6/20/19 Vision 1:43 PM 21 LOGISTICS & TRANSPORTATION Global customer connectivity Hundreds of millions invested in UPS infrastructure further propels region’s capabilities
BY ABBY LAUB
MAGINE processing 85,000 packages per hour nearly round the clock, heading to their destinations around Ithe world. Thanks to the spring 2019 completion of the multiyear, $310 million expansion at the UPS Centennial Ground hub in Louisville, the region’s role as a national leader in global distribution and logistics is further solidified. The expansion is one of many examples over the last five years alone of how Greater Louisville and Southern Indiana are more connected and capable than anywhere else in the nation to handle the demands of both logistics and transportation for business and pleasure. The addition of 800,000 s.f. of space at the UPS Centennial hub will accommodate increased e-commerce and traditional retail package business. The project also doubles the company’s sorting capacity to 85,000 packages per hour thanks to additional automation equipment. The announcement. “UPS is grateful for the The $310 million expansion of the UPS Centennial hub’s proximity to UPS Worldport at the strong relationship we have built with Ground hub in Louisville doubled the company’s sort capacity to 85,000 packages per hour. The Louisville Muhammad Ali International the city of Louisville and the state of additional space will accommodate increased Airport allows UPS to provide end-of- Kentucky. We are proud to be a partner in e-commerce and traditional retail package business. runway express service to its customers in the economic growth of the region … This Louisville and surrounding areas. expansion is part of growing UPS’s smart “The significantly expanded Centennial logistics network to enable companies of all “In 2014, the airport industry was still hub will provide even more advantages sizes to deliver products when, where and slow to recover from the Great Recession … to companies who have distribution how their customers want them.” We think we’re going to have some pretty centers and operations in Kentucky and UPS employs almost 29,000 people good gains from the 2014 numbers,” Mann surrounding areas, while also benefitting across Kentucky in package delivery said. “Regarding the economic impact, local customers,” said Joe Boyle, president operations, aircraft operations, ground of UPS’s Ohio Valley District at the April freight, health-care logistics and contract LOUISVILLE REGIONAL logistics. Louisville is the home of UPS AIRPORT Worldport, the largest automated package AUTHORITY handling facility in the world, and the center 600 Administration Drive point of the UPS worldwide air network. Louisville, KY 40209 (502) 368-6524 FlyLouisville.com A key to regional growth Dan Mann, Louisville Muhammad Ali LRAA UPS is a big part of the region’s larger Executive economic development picture and a International Airport (SDF) and Bowman Field (LOU) Director key component of airport growth. The are part of the Louisville and LRZC most recent economic impact report Regional Airport Authority President from 2014 states the two Louisville (LRAA). The LRAA is an autonomous airports – Muhammad Ali International municipal corporation established by Kentucky state statute that is responsible for owning, and Bowman Field – generated recurring operating and developing both airports. impacts of almost 70,000 jobs, $2.6 In 2019, SDF launched daily nonstop billion in payroll, $8.1 billion in service to Los Angeles International Airport and passenger traffic is growing faster than ficials at ha a li nt rnational ir ort economic activity and almost $350 it has is in over two decades. 2018 was the (SDF) in April 2019 commemorated the million in state and local taxes. second busiest year ever with nearly 1.94 beginning of new nonstop service between In a spring 2019 interview with The million departing passengers. the Louisville airport and the Los Angeles Lane Report, Louisville Regional Airport Six airlines serve SDF, offering flights to International Airport (LAX). American Airlines over 30 destinations. With one stop, travelers o rat s th ail ight sing th s at ir s Authority Executive Director Dan Mann can reach more than 460 destinations. 319 aircraft. said activity is up since then.
22 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com
LOGISTICS & TRANSPORTATION
More than 1,000 barges, 250,000 trucks and 16,000 railcars pass through the Port of Indiana- Jeffersonville each year. Located on the Ohio River inside the Louisville Metropolitan Area, the port is home to 27 companies, 15 of which are steel related. when you look at our model of being self- sufficient and not taking money out of the tax system, to have the employment here creating $348 million in tax revenues is pretty significant and is going to the benefit of the state.” A healthy airport and a healthy economy are inextricably linked. of 2018 were the best period in airport $2.5 billion. This highway system puts the “There is a relationship and strong link history, measured by the number of Louisville region in a transportation and to the health of an airport and that of a planes and passengers, and 2019 is logistics epicenter. community,” Mann said. “Regional factors to expected to be even busier. Consequentially, major growth ensued at both of their successes include population And, the airport in 2018 saw a total of industrial parks like River Ridge Commerce growth, disposable income and a strong 44,243 cargo landings, with UPS accounting Center in Jeffersonville, Ind., which rely economy. An airport grows with the city for nearly 91% of all cargo operations in on solid access for their clients and goods. and region. If one lags the other, neither will 2018 with 40,601 landings. Located just off I-265 north of the Lewis reach their full success.” & Clark Bridge on the east end, River He added that Louisville Muhammad Ali Honoring local heritage Ridge and its swath of distribution centers International Airport has been “aggressive The bourbon-powered local tourism continues to serve as an economic driver of and engaged to respond to the community scene is advantageously situated very local employment and investments. and work in tandem with key stakeholders close to the airport – with proximity The center’s 2018 Economic Impact with the addition of new service with to downtown Louisville and regional Analysis, conducted by Policy Analytics, competitive fares.” attractions alike. With low-cost carriers found that River Ridge helped create or One of those met needs was the like Frontier and Allegiant included in the sustain more than 16,000 regional jobs, addition of nonstop service to Los Angeles airport’s carriers, travel is easily attainable which equates to an estimated $2.3 billion International Airport (LAX) launched in – to and from Louisville. in annual economic output. River Ridge early April 2019. In the past two years, “We’ve also taken strong steps to proudly businesses generated $39.4 million in tax nonstop service from Louisville has grown represent the region as the ‘welcome’ out-of- revenue for state and local governments, an by nearly 50% to more than 30 destinations, town visitors experience immediately when increase of $6.8 million over 2017. including Houston and New Orleans. The they arrive,” Mann said. “The community Elizabethtown, just south of Louisville airport now has 33 nonstop destinations, up is showcased throughout the terminal with on Interstate 65, also is experiencing from 21 in 2016. vibrate imagery and a strong sense of place growth in its logistics sector, including In 2018 Louisville had nearly 1.94 with representation of local brands and the the 2018 opening of a state-of-the-art million departing passengers, up about bourbon industry. distribution facility for Netherlands-based 11% over 2017. The last four months “Plus, with the inclusion of Eurotrol. Eurotrol provides worldwide Muhammad Ali in the airport’s name, markets with artificial blood samples we’re even further connected to one used to ensure the precision and accuracy VERST LOGISTICS 300 Shorland Drive reason why visitors from around the of in-vitro diagnostics equipment. Walton, KY 41094 world come to Louisville each year. The 11,000-s.f. logistics center (859) 485-1212 Ultimately, we want folks to know what will serve as the company’s principle verstlogistics.com our community is about when they distribution hub for North, Central and Todd Johnson joined Verst arrive, and depart with a positive, friendly South America. Elizabethtown’s easy Logistics as president and chief Todd Johnson, impression of it when they leave.” access to UPS Worldport in Louisville operating officer, effective President/COO, Infrastructure is also key to making allows timely shipping of Eurotrol’s March 25, 2019. In his new position, Johnson reports Verst Logistics the logistics and transportation scene temperature-sensitive products. directly to Paul Verst, chief work in Greater Louisville. executive officer of Verst Logistics. Key transportation improvements Bus, barge, rail give Johnson brings with him a broad spectrum came in 2016 upon the completion of the of operational and commercial competencies, key global connections serving many industry segments across the full Ohio River Bridges Project. Two stunning Business travelers and residents spectrum of logistics services. Prior to joining new bridges were completed, including in Louisville and beyond benefit Verst, Johnson held various leadership positions the Abraham Lincoln Bridge downtown from a robust public transportation with Kenco Logistics, Menlo Logistics (XPO), and the Lewis & Clark Bridge in the city’s system whose central element is the UPS Supply Chain and DHL Supply Chain. Johnson has a bachelor’s degree in business East End, along with the rehab of the Transportation Authority of River City. administration and management from Indiana John F. Kennedy Memorial Bridge. TARC provides more than 12.5 million University, Bloomington, and is a member of These bridges, combined with a passenger trips covering more than 12 Supply Chain Leaders in Action, The Council of complete redesign of the “spaghetti million miles annually. The buses – with Supply Chain Management Professionals, WERC and Transportation Intermediaries Association. junction” interchanges of interstates 64, comfort and productivity amenities such 65 and 71 near Louisville’s riverfront, cost as on-board Wi-Fi, luggage racks, reading
24 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com Our business is . . . an extension of your business
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Verst Division Stripes IBL Ad _122018.indd 1 12/21/18 7:07 PM LOGISTICS & TRANSPORTATION lights and other features – run 43 routes AIRPORTS & GENERAL AVIATION TRANSIT AUTHORITY in five counties across Kentucky and Atlantic Aviation OF RIVER CITY Southern Indiana. TARC vehicles average Louisville Muhammad Ali International Airport 1000 West Broadway more than 41,000 riders daily, and 83% atlanticaviation.com Louisville, KY 40203 of trips are for work or school. Bowman Field (502)585.1234 o is ill lo is ill .co ridetarc.org TARC helps commuters avoid parking Clark Regional Airport fees and buying gas. However, residents ll rs rg n . .co The Transit Authority of of Louisville and Southern Indiana also River City (TARC) provides Lebanon-Springfield Airport mobility solutions for the Ferdinand L. benefit from easy options to hoof it ringfi l . l anons ringfi l air ort.n t Greater Louisville region. Risco Jr., TARC or take two wheels, thanks to the Big Louisville Muhammad Ali TARC’s mission is to Executive Four Pedestrian Bridge that connects International Airport explore and implement Director Louisville’s picturesque Waterfront Park lo is ill .co transportation opportunities that enhance the social, economic and environmental well-being of with downtown Jeffersonville, Ind. its service area. This includes connecting residents INTERNATIONAL Greater Louisville and Southern Indiana of and visitors to the region with 102 paratransit SHIPPING COMPANIES have the benefit of top-notch water, rail and vehicles and 223 buses traveling 43 fixed routes to logistics infrastructure to make their resident DHL locations within five counties across two states. dhl.com TARC is dedicated to moving the workforce businesses highly competitive. FedEx International of today and tomorrow. With an annual operating The Port of Indiana-Jeffersonville is fedex.com budget of $89.5 million, TARC’s team of 661 employees serve more than 41,000 daily riders, a part of America’s premier inland port UPS making possible $12.5 million annual customer system, the Ports of Indiana. Situated on two ups.com trips traveling over 12 million total miles. With major North American freight transportation 63% of trips taken for work and another 20% for arteries – the Great Lakes and the Inland PUBLIC RIVERPORTS & RAIL school, TARC is crucial in the region for delivering Waterway System – the state’s three-port Canadian Pacific Railway a qualified workforce to employers and for getting system serves the world’s most productive cpr.ca students to class. industrial and agricultural regions. CSX csx.com More than 1,000 barges, 250,000 trucks Meade County Riverport and 16,000 railcars pass through the port Norfolk Southern meadeky.com/riverport-authority nscorp.com each year, moving cargo to various states Port of Indiana-Jeffersonville TRANSIT SYSTEM on the Inland Waterways System and to the ortsofin iana.co world by transshipment with ocean vessels Transit Authority of River City Jefferson Riverport International Louisville – ridetarc.org l in the Gulf of Mexico. Kentucky – jeffersonriverport.com
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Download the App today! Use the QR Code or visit your app store and APP POWERED BY search for «TARC». . digital LEGAL SERVICES New expertise for new business Louisville legal community creates innovative tools for its clients in a bustling economy
BY GREG PAETH
HE rebounding national economy is driving down unemployment numbers and creating new Tdemands for legal services that Louisville’s nimble, growing and expert business law has taken in stride. As businesses grow and become more complex, there’s more demand for legal services. Those services can be as tangible and time-tested as writing a contract with a concrete supplier for expanding the employee parking lot or as intangible as protecting a trademark or other intellectual property. “In the last two-and-a-half to three Brian Powers photo years there’s been a substantial change in client transactions in the merger- and-acquisition space,” said Henry S. Alford, managing director of Middleton Reutlinger, which has a staff of about 60 attorneys in its Louisville office. “The intellectual property practice has grown McBrayer attorneys Trevor Nichols and Elizabeth multiples being paid for assets are very exponentially in recent years. arr ra isc ss a cas in th ir o is ill o fic . Founded in 1963, McBrayer employs more than 50 high and prompt some sellers to sell now. Because of that growth, Alford said attorn s an has o fic s in ington o is ill People are confident in the economy, and Middleton Reutlinger is looking for Greenup and Ashland, as well as government they want to deploy some cash after being engineers who have expertise with r lations o fic s in ran ort . an ashington . . on the sidelines after (the market crash) patents and a law degree. As might be of 2008. There’s a pent-up demand to do imagined, that combination of credentials something” with their money. is difficult to find. image from another social media account One sector in the legal field that’s IP law wasn’t the only area of growth that infringed on yet another’s copyright?” expanding rapidly in Louisville and for Middleton Reutlinger. IP law is based primarily on federal elsewhere in the United States focuses “We closed over $1 billion in law, Wheat said, and the McBrayer firm on intellectual property, which is broadly transactions and financings over the last probably does more intellectual property defined as trade secrets, trademarks, 12 months and believe that we will have litigation outside Kentucky and outside of patents and copyrights. similar volume during 2019 as private the country than it does inside the state. “The internet changed how equity continues to seek out deals in trademarks are exposed, so we have to Kentucky and the surrounding region,” Meeting workplace needs police, monitor and protect them because Alford said when asked early this year Cindy Effinger, also of McBrayer, made it of the greater risk of infringement,” about the 2019 outlook for his firm. clear that Hollywood and New York aren’t said Alford, who added that his firm’s Attorney Jack A. Wheat of McBrayer the only cities paying attention to the also made it clear that the internet has issue of sexual harassment on the job. McBRAYER had a profound impact on businesses “The #MeToo movement is part 9300 Shelbyville Road, worldwide. of an evolution both socially and in Suite 110 “The growing ubiquity of social media employment and human resources law Louisville, KY 40222 and an ever-expanding connectivity with that has put a spotlight squarely on (502) 327-5400 c ra rfir .co the online world has created a host of power structures in the workplace. As legal issues in many fields, but an area with any major change, the transition for McBrayer serves its clients of the law that lives at the forefront of employers has been bumpy at times, but and the community through Robert T. its commitment to service Watson, the entire digital realm is intellectual the net result has been positive in that and local involvement. Member property,” Wheat said in an email. “We we have been able to help management The firm’s more than 50 in Charge, deal with the tremendous onslaught respond appropriately and supportively Louisville attorneys focus on a varied of digital content uploaded second by to employees when the specter of array of practice areas such fic as litigation, corporate, employment, real second, and the various rights associated harassment arises,” Effinger said in an estate, intellectual property, hospitality, health with the creation of that content, all of email. “Assisting with these efforts helps care and mediation. The firm is also recognized which falls under some classification to stem the tide of harassment before for its exceptional lobbying group, MML&K of intellectual property protection. Is it can start, boosting employee morale Government Solutions. it copyright infringement to link to an and ensuring a safe and comfortable lanereport.com One Region, One Vision 27 LEGAL SERVICES workplace; this in turn provides a benefit The firm’s business/industry knowledge to employers as well through reduced is apparent, for example, in its franchise turnover and increased productivity.” and hospitality industry team, which has Effinger described employment law a wealth of experience in the refranchise, as an “ever-moving target” for a variety divestiture and acquisition of franchise of reasons, especially because some outlets. It was part of the team that companies don’t hire full-time workers represented the first multiconcept franchise- the way they did in the past. purchasing cooperative and organized the “As the ‘gig economy’ continues first casual-dining purchasing cooperative, to take hold and freelance work by White said in an email. independent contractors becomes That same team in Louisville also more prevalent, employment contracts has represented franchisee associations are growing in both popularity and in connection with general formation necessity,” she said. “Meanwhile, the and operational matters, including the Department of Labor continues to view preparation of articles of incorporation independent contractor arrangements and bylaws, franchise system advertising with a stern eye to ensure that they aren’t and marketing policies, and franchise merely an end-run around employment dispute resolution. laws and regulations.” This is “a classic example we see of taking our local and regional expertise, Creating new forms of expertise utilizing it to better serve clients across The Louisville Bar Association claims the country, which in turn better allows a membership of some 3,100 active us to serve our local clients by bringing attorneys, so there’s plenty of competition in best practices across the industry,” said in the metropolitan area, where one of the White, who pointed out that the firm has largest firms is Frost Brown Todd, whose 520 attorneys in 12 offices in eight states. The Jefferson County Judicial Center is located in Louisville office is headed by Member-In- White also said the Louisville office downtown Louisville. Charge Geoff White. has a similar depth of knowledge and Frost Brown distinguishes itself experience in financial services, where from the pack because of its focus Frost Brown Todd has represented Hogan Lovells on understanding the businesses and financial institutions with regulatory hoganlovells.com industries of its clients, an added value issues as well as intra- and interstate Landrum & Shouse LLP that can be difficult for other firms to reorganizations and acquisitions. landrumshouse.com duplicate, White said. As might be expected from someone who Lynch Cox Gilman & Goodman PSC He rattled off a list of the types of has the “member-in-charge” title, White also l nchco la .co work his firm handles every day, making lavished praise on the firm’s public finance McBrayer it clear Frost Brown’s 140 lawyers in team, its commercial lending practice group, c ra rfir .co Louisville are equally comfortable closing the national commercial real estate finance Middleton Reutlinger middletonlaw.com a $100 million transaction for a real estate group, and a multifamily housing practice as Morgan & Pottinger PSC investment trust as they are when they’re well as business litigation. fir .co assembling a financial package for a small O’Bryan, Brown & Toner PLLC apartment project in Louisville. Ackerson & Yann PLLC obtlaw.com ac rsonl gal.co Phillips Parker Orberson & Arnett PLC MIDDLETON Bingham Greenebaum Doll LLP ppoalaw.com REUTLINGER bgdlegal.com Schiller Barnes & Maloney PLLC 401 S. Fourth St. Boehl Stopher & Graves LLP s la .co Suite 2600 bsg-law.com Steptoe & Johnson PLLC Louisville, KY 40202 Camoriano & Associates steptoe-johnson.com (502) 584-1135 in nt .co middletonlaw.com Stites & Harbison PLLC Conliffe, Sandmann & Sullivan PLLC stites.com With historic roots planted an l or cssattorneys.com ir ctor Stoll Keenon Ogden PLLC in Louisville 165 years ago, Dinsmore & Shohl LLP s ofir .co Middleton Reutlinger has dinsmore.com established and grown its practice based on a Thompson Miller & Simpson PLC responsive, innovative and personal approach Dressman Benzinger Lavelle PSC tmslawplc.com dbllaw.com with all clients, from international to local. Tilford Dobbins Alexander PLLC With over 50 attorneys expertly practicing a Fisher & Phillips LLP tilfordlaw.com range of legal services, including litigation, laborlawyers.com Ward, Hocker & Thornton PLLC business law, government and regulatory law, Frost Brown Todd LLC whtlaw.com health care law and intellectual property law frostbrowntodd.com for some of the country’s leading companies, Weber & Rose PSC the firm works to meet each client’s individual Fultz Maddox & Dickens PLC weberrose.com needs. Consistently recognized by Chambers fmdlegal.com Wyatt, Tarrant & Combs LLP USA, U.S. News Best Lawyers & Best Law Firms, Goldberg & Simpson attfir .co Super Lawyers and more, Middleton Reutlinger goldbergsimpson.com Zielke Law Firm PLLC is also proud to be one of Kentucky’s “2019 Gwin Steinmetz & Baird PLLC i l fir .co l Best Places to Work”. gsblegal.com
28 h an ort s r at r o is ill an o th rn n iana ar t i lan r ort.co We see things differently.
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BY GREG PAETH Although there’s nothing chiseled in stone at this point, strong economy equals a strong the Federal Reserve said in demand for banking and financial mid-March that it’s unlikely that services. Greater Louisville is chock it will raise the fed funds rate Afull of expertise to meet the needs of its ever- anytime this year. growing business scene and to advise an It’s also clear that economic evolving client base that is wondering how news won’t be positive forever, to manage its assets an unprecedented 10 Cupkovic said years into an economic expansion. “We are in the longest bull “The biggest growth has been in market since the Civil War,” financial planning. A lot of people he said, “so we know that it’s are retiring and they will say, ‘I have going to end. It’s just a matter of $1 million and I want it to last for 20 when.” r an rican an h a art r in years’,” said Dan Cupkovic, director of But an expected downturn in the as r n . r c ntl ac ir an ranch s investments for ARGI Financial Services, markets somewhere down the road hasn’t in the Louisville metropolitan area. It also has which is headquartered in Louisville and stopped ARGI from broadening its footprint o fic s in ington o ling r n ran lin an Owensboro. Another branch is under construction has four other offices in the state and one in the state. The company opened an office in Henderson. each in Indiana, Ohio and Michigan. in Paducah last year and acquired another That kind of a directive from a client firm in Elizabethtown, some 45 miles south new customers at a time when more allows Cupkovic to develop a strategy of Louisville, in January. and more people bank online with their that enables that retiree to live off that phone or their tablet,” said Adrian Brown, million dollars without losing sleep. Banks staying aggressive market president for the counties where He said he’s also seen an uptick in The FDIC reported 40 banking the branches are located. business borrowing because of concerns institutions in the Louisville market with At this point, Brown said, German about whether interest rates might rise $27.6 billion in deposits as of its June American has no immediate plans to later this year in the event that the Federal 2018 data. German American Bank seems expand in the Louisville market on the Reserve nudges up the federal funds rate. equally convinced that there’s plenty of Kentucky side of the river. “I think there are some companies that room for growth in Kentucky. But that shouldn’t be interpreted as a want to get as much cheap debt (with In addition to recently acquired branches “no growth” strategy. lower rates) as they can,” said Cupkovic, in the Louisville metropolitan area, German German American likes to expand in who has worked in financial services for American has offices in Lexington, Bowling counties that have growing populations 14 years, including the last 12 with ARGI. Green, Franklin and Owensboro. The bank where there’s low unemployment, also announced in February that it had stability and “engaged economic THE UNDERWRITERS GROUP reached an agreement to acquire Citizens development organizations,” said Mike ast oint . First Bank of Bowling Green. If regulators Beckwith, Kentucky division president. Louisville, KY 40223 (502) 244-1343 approve that transaction, German American sc .co will add eight branches in and near Bowling Nearly $1 billion in Green. A third office in Owensboro opened new projects last year The Underwriters Group in early June and another branch is under At PNC Bank, Chuck Denny, regional is a privately owned, and truly independent, risk construction in Henderson. president for Greater Louisville, was management firm helping Bruce German American, headquartered in predictably enthusiastic about the local businesses protect their Ferguson Sr., Jasper, Ind., entered the Louisville market President market, where new projects valued at people, assets and their in 2016, when it acquired River Valley $972 million were announced last year. futures. Founded in 1941, The Underwriters Group Financial Bank in Madison, Ind., and RVFB’s Louisville’s emergence as one of is built on a solid foundation of individualized five branches just north of the Ohio River the country’s major players in logistics customer service and commercial insurance across from Louisville in Southern Indiana. received plenty of attention from Denny. expertise. For three generations, the private, At the time of the acquisition, German “The logistical strategic advantages family-owned business has championed its clients’ missions, protecting their interests and American made it clear that the purchase provided by the UPS Worldport is an making sure they are poised to succeed. was strategic. enormous driver of our success and future The Underwriters Group has become a “River Valley has a strong presence with growth. Only a handful of cities in the world leader in commercial insurance products and five banking offices in the vibrant and an innovative service provider by putting its possess this game-changing competitive air customers first. Whether it’s designing and rapidly growing market area of the Indiana freight transportation advantage. We are one implementing risk management solutions side of … Louisville … a market that of the world’s few,” he said. or servicing existing policies, this approach German American has recently entered,” UPS is the biggest employer in leads to the development of unique client German American said. relationships, providing more clarity in Jefferson County, where it has more than understanding our customers’ business needs. “Four of the five (branches) show 21,000 employees, according to Greater increases in transaction counts and from Louisville Inc.
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Big players – new and old BANKS MCM CPAS & ADVISORS Although it’s far too early to determine 2600 Meidinger Tower American Founders Bank afbusa.com 462 S. Fourth St. if it will have measurable impact on Louisville, KY 40202 financial services in Louisville, the early The Bank – Oldham County (888) 587-1719 April ownership change for Hilliard syb.com mcmcpa.com Lyons is on the radar for people who BB&T Louisville – bbt.com As the largest CPA firm in know how money moves in and around Kentucky, MCM CPAs & Louisville. Bedford Bank or . or an .co Advisors provides highly ian l Hilliard Lyons’ Louisville roots can be specialized tax, audit and Managing traced back to 1854. Central Bank advisory services to a broad Partner o is ill c ntral an .co Ownership of the firm has changed twice range of clients and industries. Chase Bank Privately and publicly held businesses, not-for- in the past 20 years. But when the ink dried Louisville – chase.com profits, small businesses and individuals across on the agreement, Hilliard Lyons became the region and throughout the country receive Citizens Deposit Bank personalized attention and local access from identified as “A Baird Company,” a reference Eminence, Ky. – cdbt.com national-level talent. to the Milwaukee-based investment firm Citizens Union Bank of Shelbyville MCM combines the technical and industry that now is its parent. h l ill . c an .co expertise of larger firms without sacrificing the The Hilliard Lyons-Baird combination Commonwealth Bank & Trust Co. attention and personal service of a local firm. Louisville – cbandt.com MCM has offices in Louisville and Lexington offers services that include international in Kentucky, as well as in Jeffersonville and wealth management, trust and estate Eclipse Bank Indianapolis, Ind., and Cincinnati. planning, investment banking, municipal o is ill cli s an .co finance and asset management. Fifth Third Bank Louisville – 53.com Hilliard Lyons had revenues of about Optimism in the tech space First Capital Bank of Kentucky Denny also expressed optimism about the $280 million last year, while Baird, which o is ill c o .co celebrates its 100th anniversary this year, growth of technology firms in the region First Financial Bank and metropolitan Louisville’s status as one had revenues of nearly $1.8 billion. an atfirst.co of the country’s “Rise of the Rest Cities” Hilliard Lyons’ top leadership – First Harrison Bank as defined by billionaire AOL co-founder chairman & CEO Jim Allen, president or on n . firstharrison.co Steve Case, who toured the metro with a Tom Kessinger III, and Alan Newman, First Savings Bank, F.S.B. busload of investors in 2018. executive vice president and director, lar s ill n . s an .n t Case’s visit “underscored the great private wealth – will continue in their Forcht Bank progress we have made and the enormous roles to ensure a smooth transition for the o is ill orcht an .co opportunities that are ahead,” Denny said. firm and its clients.
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Expert guidance, beyond the bottom line. 502.749.1900 | www.mcmcpa.com German American Bank Wilson & Muir Bank & Trust Co. Jasper, Ind. – germanamerican.com ar sto n . ilson ir an .co GERMAN AMERICAN BANK 8005 Highway 311 Independence Bank WesBanco, Inc. Sellersburg, IN 47172 an .co wesbanco.com (812) 248-9282 Limestone Bank germanamerican.com li ston an .co ACCOUNTING FIRMS Lincoln National Bank Baldwin CPAs German American Bank Bardstown, Ky. – mylnb.com Louisville – baldwincpas.com is dedicated to helping individuals, families and Metro Bank BKD LLP businesses achieve greater Adrian Brown, o is ill tro an .co o is ill .co prosperity and quality of ar t Mid-Southern Savings Bank Blue & Co. LLC life. The financial team President Salem, Ind. – mid-southern.com Louisville – blueandco.com builds lasting client relationships based on The New Washington State Bank Crowe integrity, responsive service, innovation, and ashington n . n ash an .co Louisville – crowe.com shared values. German American supports the communities it serves and believes when a Old National Bank Dean Dorton Allen Ford PLLC community thrives, its people prosper. oldnational.com Louisville – deandorton.com From banking technology that is PNC Bank Deloitte continually enhanced to stay abreast of the latest Louisville – pnc.com Louisville – deloitte.com advancements, to local, responsive decision Regions Bank Deming Malone Livesay & Ostroff PSC making by a talented team of local professionals, Southern Indiana – regions.com Louisville – dmlo.com German American Bank maintains a strong business banking focus and is the ideal choice for Republic Bank Ernst & Young LLP a broad range of financial needs. o is ill r lic an .co Louisville – ey.com River City Bank Harding Shymanski & Co. PSC o is ill ri rcit an .co Louisville – hsccpa.com Monroe Shine CPAs New Albany, Ind. – monroeshine.com Springfield State Bank Henderman, Jessee & Co. PLLC ringfi l . s ringfi l stat .co Louisville – hjcocpas.com Mountjoy Chilton Medley LLP Louisville – mcmcpa.com Stock Yards Bank & Trust Jones Nale & Mattingly PLC Louisville – syb.com Louisville – jnmcpa.com PricewaterhouseCoopers LLP Louisville – pwc.com Town & Country Bank and Trust Co. KPMG LLP Bardstown, Ky. – mytcbt.com o is ill g.co Rodefer Moss & Co. PLLC New Albany, Ind. – rodefermoss.com United Citizens Bank & Trust Company Louis T. Roth & Co. PLLC a lls rg . nit citi ns an .co Louisville – ltroth.com Strothman & Co. PSC Louisville – strothman.com U.S. Bank Mather & Co. CPAs LLC o is ill s an .co Louisville – matherandcompany.com Welenken CPAs o is ill l n n.co l Local Leaders. Local Service. Local Decisions. Let’s talk about your business goals. Contact our team of financial professionals today!
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germanamerican.com REAL ESTATE & CONSTRUCTION Core principles, smart growth Real estate developers aim to repurpose Louisville’s past and build with innovation
BY KATHIE STAMPS
FFICIALS who oversee Greater Louisville’s growing built environment are well prepared Oto keep up with the spatial demands of living, business and pleasure. Plan 2040 is a new comprehensive plan for Louisville’s Metro Government. It is designed to help direct Louisville’s growth over the next two decades as the population grows to an expected 875,000-plus residents, an increase of 12% from 2017. Plan 2040 is focusing on five core principles for a vibrant and diverse community: to be connected, healthy, authentic, sustainable and equitable. “Develop Louisville is in the frontlines of economic development in the city, as it works with developers, home builders and others to not only make sure they have the approvals needed for a project construction, including redevelopment of lan n a r tation a s r an o fic an light to move forward but also to ensure that the public housing complex Beecher Terrace in strial ar sit at on acr s in o is ill into mixed-income housing and intense is being developed by commercial real estate those projects fit into the vision for how lo nt fir oll n ach a l . h ar Louisville should be developed, as set focus on redevelopment of the entire Russell has ir ct acc ss to th int rstat . lan n a r out in Cornerstone 2020 and now Plan neighborhood. Station currently has 21 tenants. 2040,” said Jeff O’Brien, director of Louisville has experienced momentum Develop Louisville. since 2014 and shows no signs of slowing An agency within Louisville Forward, down. High-profile projects include the of life for residents, a key selling point Develop Louisville was organized in 2014 dozens of hotels under construction for business retention and attraction,” and employs approximately 100 people throughout the area, the $35 million O’Brien said. “Businesses want to be in to support the community’s economic Louisville Urban League Sports and cities where significant investments are development in the built environment. Learning Complex at Heritage West, being made and where their employees and the $200 million LouCity FC soccer can experience a high quality of life.” Restoring underutilized stadium complex called Butchertown Stadium District, which will include HOLLENBACH-OAKLEY properties to the tune of millions agist rial ri Through its Vacant and Public Property office and retail space, restaurants and Louisville, KY 40223 Administration, Develop Louisville works hotels across a 40-acre property. (502) 253-1200 to restore empty properties to productive “Both the Vision Russell and soccer holl n ach oa l .co use. Since April 2015, the city has sold 300 stadium projects have and will attract A 30-year veteran in vacant properties to developers, nonprofits additional private investment in those commercial real estate, John and individuals for redevelopment or new neighborhoods, which will bolster quality Hollenbach joined with Greg Oakley in 1997 to form Hollenbach-Oakley, a full service commercial real estate development and construction management firm with a focus on clients John and community. Hollenbach, Hollenbach graduated Partner from the University of Kentucky, is a member of numerous associations and active with several community organizations.
onstr ction o th tch rto n ta i istrict a acr illion socc r sta i o fic and commercial district in Louisville, began in . oll n ach a l is s r ing as th ro ct manager for the district, which will include 300,000 s. . o o fic s. . o r tail s ac r sta rants and multiple hotel sites. An artist’s rendering of the stadium is shown here.
34 h an ort s r at r o is ill an o th rn n iana ar t i lan r ort.co Blankenbaker Station is a “Class A” suburban development situated on more than 500 acres of natural, beautifully landscaped terrain in Louisville, KY. An abundance of first-class amenities, combined with direct interstate access, make this a premier corporate destination. Learn more at www.hollenbach-oakley.com.
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rchit ct ral sign fir c tt arl or to convey the design vision of multiple partners, incl ing orton althcar lic an Trust, ProRehab Physical Therapy and Family and Children’s Place, for a new YMCA building located in West Louisville. The $28 million project, shown here in this artist’s rendering, will be completed by October 2019.
In January, Louisville Mayor Greg Fischer had good news for West Louisville when he announced restoration and redevelopment of a warehouse that has been vacant for three decades. The property on West Broadway was acquired by Housing Partnership Inc. (HPI) for a $34 million mixed-use development. Built in 1922, the building is on the National Register of Historic A market where Places. Louisville Metro Government homes move quickly LUCKETT & FARLEY and OneWest, a nonprofit community The Greater Louisville Association 737 S. Third St. Louisville, KY 40202 development organization, are part of the of Realtors (GLAR) represents more (502) 585-4181 public/private partnership on the project. than 4,500 members involved in the l c tt arl .co Scheduled for a July launch, Logan residential and commercial real estate New President and CEO Street Market is a registered public benefit industries. While year-to-date sales were Aric Andrew has infused his corporation (PBC) located in the Shelby down 7.1% in March 2019 from the same passion for design excellence Aric Andrew, Park community. With an eye toward time in 2018, the average price was up and innovative thinking into AP, President sustainability, Louisville’s urban public 4.8%. Luckett & Farley, the oldest continuously operating and Chief market has a dual mission of providing “Our members are now seeing the architectural firm in the c ti fresh, local food to an underserved typical early spring pick up in listings and country. fic r community and being an all-inclusive showings,” GLAR CEO Lisa Stephenson As an architect, Andrew himself has over gathering space. A microbrewery is on said in April. “We continue to see move- a quarter century of architectural and project management experience. A graduate of the site, along with restaurants, food and in ready, moderately priced homes sell University of Kentucky College of Architecture retail vendors, a stage and gallery. quickly. Homes that are priced slightly (now College of Design), where he received In March, ground was broken in above market value will sit for longer several design awards, Andrew has led the firm’s Jeffersonville for Gateway Commercial periods.” transformation with a new, unique “studio” model and renovated new headquarters. Development, a $30 million project at “There is great momentum on both Its studio approach integrates architecture, the corner of 10th and Spring Street. the residential and commercial spectrum, engineering and interior design in six different Starbucks and other retailers are expected and they are positively impacted by the industries – Health and Wellness, Industrial, in the first of two phases. Anticipated in growth of the city of Louisville,” said Corporate Commercial and Hospitality, Higher Education, Government, and Distilled Spirits. late 2019 is construction of a new Xscape John Hollenbach, managing partner Theatre on Gottbrath Parkway near I-265 of Hollenbach-Oakley, adding that the in Jeffersonville, thanks to the New Albany- suburban market “is seeing significant The company is also developing based private investment firm Patoka growth in the multifamily sector.” a 300-acre office campus, with Class Capital. The $15 million movie theater will A full-service development and project A office facilities, at River Ridge have 12 screens, two of which will be 70 management firm, Hollenbach-Oakley is Commerce Center on East Highway feet wide with 4K digital projection and an managing the design and infrastructure of 62 in Jeffersonville, Ind., in which the immersive sound system. the Butchertown Stadium District. second phase will be a 300-acre research campus. The developer’s Oldham Reserve on 1,000 acres in La Grange will include high-end office space along with retail and residential development. Additionally, construction is on track for the company’s own new headquarters to start in the fourth quarter of 2019 at Blankenbaker Station Business Park. Hollenbach-Oakley will share the 45,000- s.f. building with its affiliate, brokerage firm Horizon Commercial Realty. l
River Ridge Commerce Center is a premier sin ss ar locat on ri acr s in Southern Indiana. The plan includes a 300-acre, ict r s o fic an r s arch ca s.
36 h an ort s r at r o is ill an o th rn n iana ar t i lan r ort.co
MEDICAL SERVICES Vast health care sector sets Louisville apart Region’s wellness, aging companies pay $4 billion in payroll, account for $500 billion in revenue
Norton Healthcare and Jefferson County Public Schools have partnered to provide a new school- based telemedicine program that allows students to be seen by a provider from their school nurse’s o fic sing t l con r ncing t chnolog .
A recent example is Talaris Therapeutics Inc., formerly known as Regenerex LLC, a company born at the University of Louisville. In April 2019 it announced it had raised $100 million from investors to develop a therapy, based on UofL research, that could improve the lives of kidney transplant recipients. It is using technology developed at UofL to allow living donor kidney transplant recipients to stay off immunosuppression drugs for the rest of their lives. Another UofL researcher, virologist Dr. Donghoon Chung, is one of three principal investigators with a new center working to advance new drugs for the treatment of equine encephalitis viruses in humans. BY ABBY LAUB health care sector employment increased The project, Center of Excellence for 22.3%.” Encephalitic Alphavirus Therapeutics, is OU can tell people by the company funded by a $21 million grant from the they keep, and a region by the Massive growth and innovation National Institutes of Health over five years. companies it keeps. In the case A big factor in these numbers is Norton The innovation extends beyond Yof health care – which includes medical Healthcare, which continues to grow. patient care and includes industry services, lifelong wellness and aging care The hospital and health care system distributors and pharmaceuticals. At the – Louisville is in better company than is Louisville’s fourth largest employer, end of 2018, AmerisourceBergen, a global anyone else in the nation. providing care at more than 250 locations health care company, announced it will “Companies like Humana, Kindred throughout Kentucky and Southern expand its full-line Louisville distribution Healthcare, Almost Family (now Indiana. It includes five Louisville center with a $15 million investment LHC), Pharmerica, and ResCare (now hospitals and more than 14,600 expected to generate 134 full-time BrightSpring) got their start and are employees. A strong research program jobs. The project will create a high-tech headquartered in Louisville,” said David provides access to clinical trials, with distribution center, which will package, Buschman, managing director of Greater 850-plus clinical studies underway. In process and ship pharmaceuticals to Louisville Inc.’s Health Enterprises Network. 2018 Norton Healthcare was named health care providers across the country. “These companies have created a knowledge by Healthiest Employers as the fourth This investment proves that Greater center and culture of innovation that healthiest place to work in the country. Louisville’s logistical assets also bleed attracted companies like Atria, Signature “Our payroll and purchases of supplies over heavily into the medical sector, and Trilogy to create the nation’s largest and services total around $1.7 billion as company officials noted Louisville’s concentration of headquarters operations.” each year,” said Michael W. Gough, location as a deciding site selection factor He added that Louisville is now home executive vice president and chief for the expansion of its full-line facility. to more lifelong wellness and aging care operating officer. “As a not-for-profit, we Managing modern health care also headquarters than any other MSA in have a commitment to improving the requires data prowess and a high-tech the nation, an asset that sets Louisville health of our community and provide skilled workforce. UofL’s School of Public apart from other health care markets. funding for many services that benefit the Health and Information Sciences is one Buschman said there are 4,100 health- public. In 2018, our total contribution of the many regional entities helping related establishments in the Louisville was valued at more than $165 million, keep students prepared. Most recently Metro and collectively, and they employ including $105 million in charity care it launched the Master of Science in more than 124,000 people with an and unpaid Medicaid cost for patients Health Data Analytics (MSHDA) to coach annual payroll over $4 billion and who couldn’t afford to pay.” students to help health care organizations account for $50 billion in revenue. The success of Greater Louisville’s improve their quality and lower the cost “Health care is the region’s largest medical services scene can be attributed of care, while enhancing the patient employer, accounting for 18.2% of all to this compassionate outlook, but also to experience. The program will be offered jobs,” he said. “Between 2006 and 2017, its top notch workforce and innovation. online and on campus later this year.
38 h an ort s r at r o is ill an o th rn n iana ar t i lan r ort.co Norton also has a wide range of hospital in the Metro Louisville area and No. CareTech brings professionals initiatives in place to attract, develop and 3 in the state of Kentucky for 2018-19. In from around nation retain the workforce it needs. June 2018 it completed a $18.7 million Sometimes home health falls on the “This includes expansion of the emergency department. shoulders of unpaid providers, and the partnerships with high Reflecting the needs of an aging problem of lost wages in health care around schools and universities, population, an increasing industry focus the world is a big problem being addressed an apprenticeship program is on at-home and high-tech health. by the Louisville Healthcare CEO Council. and scholarship options,” Entities like Norton and others have a In April 2019, the LHCC announced said Gough. “We also big focus on technology, and the hospital it’s accepting applications for its CareTech believe that health care Michael was ranked the highest in Kentucky Pitch Competition, an international offers opportunities for W. Gough, among large organizations on the 2018 competition that convenes investors, lifelong learning, so we offer c ti c list of Best Places to Work in IT by IDG’s entrepreneurs, and enterprises to identify programs for our existing President and Computerworld. These technology outstanding innovations to address the COO, Norton needs of unpaid caregivers. team members to build Healhcare experts are relied upon for developing upon their skills or pursue technology to elevate patient care. “Unpaid caregivers provide an advanced degrees or other career paths.” “Continued investment in our IT astounding $506 billion of free care every But what health care really boils down technology and employees helps ensure year. Many report that they operate in a to is helping people – through data or a support model that provides clinicians near-constant ‘crisis mode’ and struggle hands-on care. And Norton and other with the essential tools to care for our to find relevant resources,” said Tammy providers are continually meeting that guests and their families,” said Gough. York Day, president and CEO of LHCC. demand with excellence. In April 2019, a new initiative with “LHCC is creating a unique opportunity Recent examples include the February Norton Healthcare allowed students for entrepreneurs to put their disruptive 2019 opening of a new Norton Women’s at Engelhard Elementary School in technologies in front of some of the biggest Health office in Shelby County. And in Louisville to have access to medical care customers in the health care industry.” January 2019, Norton Children’s Hospital beyond the school nurse. The school- Buschman noted, “We’re seeing more – which in July 2018 received national based Telemedicine Program allows a private/public collaborations than ever recognition for its treatment of children child to see a Norton Healthcare provider before.” with diabetes – opened its new $12 through a secure video visit from the He cited programs like Kentuckiana million, 31,000-s.f. unit that will serve school nurse’s office. Works; the “Academies of Louisville” that hundreds of sick and injured kids every Also in February 2019, Louisville-based partners with Jefferson County Public year. In October 2018, Norton opened its LHC Group Inc., an in-home health care Schools; The Thrive Center, an experiential new $38 million Norton Cancer Institute provider serving 85 Kentucky counties center of technology that spotlights – Brownsboro. The comprehensive cancer announced it will locate a regional home innovation and promotes healthy aging; care center brings all Norton Healthcare office at its existing operation in Louisville the Hive, a UofL/Kindred Healthcare oncology subspecialties and services with a $600,000 investment expected to technology research and collaboration together for the first time in one location. create 31 full-time jobs. focused on developing innovative solutions In the same month it opened the Norton “Kentucky’s health care sector has for various aspects of aging care; Lacuna Breast Health Center on the Norton grown steadily in recent years, and Health, a Kindred Healthcare Innovations Brownsboro Hospital campus. LHC Group’s addition of a regional company that identifies and solves for headquarters location in Louisville builds gaps in the patient experience; and LEAP Sterling history, top honors on this extraordinary progress,” Gov. Matt (Louisville Entrepreneurship Acceleration A longtime member of the Louisville Bevin said in a press release. Partnership), a collaborative effort to health care scene is Jewish Hospital, LHC Group’s investment comes on the strengthen and grow the innovative which in April 2019 celebrated 55 years heels of the company’s April 2018 merger ecosystem of the region as some of of organ transplantation. In 2017, Jewish with Almost Family Inc., a home health many examples of this innovation and Hospital Transplant Care set an all-organ care services provider headquartered in collaboration at work in the regional health record, with 187 organs transplanted. Louisville since 1976. care marketplace. l Today, Jewish Hospital is among a very small percentage of hospitals across the country approved to perform all five solid organ transplants: heart, lung, liver, kidney and pancreas. It’s also home to the world’s most successful hand transplant. Baptist Health also has a large presence in the region. Baptist Health Louisville is a 519-bed hospital that has been recognized by U.S. News & World Report as the No. 1
The new, 48,000 s.f. Norton Cancer Institute houses all of the hospital system’s oncology subspecialties. Patients have access to more than 100 specialists and numerous treatment options. It was designed by TEG Architects and constructed by Messer Construction Co. lanereport.com One Region, One Vision 39 MADE IN LOUISVILLE Signature projects, impressive growth The region’s manufacturing sector is an $11 billion industry Sam VarnHagen photo BY ABBY LAUB
OUISVILLIANS know how to make things: bourbon, cars, appliances, baseball bats, you name it. LIn fact, Louisville Forward says advanced manufacturing accounts for 17% of the regional GDP (to the tune of $11 billion), and the average annual compensation for a manufacturing worker is almost $71,000. In 2017, Forbes even named Louisville the No. 1 city in the United States where manufacturing is thriving. It’s not hard to see why. One of the region’s primary manufacturers is Ford Motor Co.’s Louisville Assembly Plant. Louisville is home to the company’s largest presence outside of Detroit and is best known for producing Super Duty pickups, Lincoln Navigators and other trucks in its 6 Group Chairman and Founder Vinnie lo s at nt c r c lant in o is ill million s.f. Kentucky Truck Plant space that Johnson at the announcement. ass l th or ition. n or in st employs almost 8,000 people. $900 million in the plant for upgrades to build the all- n ition an incoln a igator. h co an In March 2019, Ford announced Winning recipe recently announced plans to increase production and plans to increase production on the Ford for food and beverage a n o s. nt c r c lant c rr ntl Expedition and Lincoln Navigator and will Greater Louisville is also known globally as lo s or rs. add 550 jobs at the Kentucky Truck Plant a food and beverage hotbed – both in the and increase vehicle production by 20%. headquarters and manufacturing spaces. region’s progressive workforce development This follows up an announcement back in It has a wide range of distilleries and programs and support system,” said Brian 2017 from Ford that it would invest $900 craft distillers that contribute heavily Hess, executive vice president for Niagara, million in the Kentucky Truck Plant. The to the state’s eye-popping bourbon in a press release. Expedition and Navigator are both full-size production. Bourbon is an $8.6 It’s another example of the rapid SUVs that will be exported to more than 55 billion signature industry in Kentucky, growth of River Ridge – where dozens of markets globally. generating 20,100 jobs with an annual manufacturers and offices already call home. And a new compact SUV from Lincoln payroll of $1 billion. The state as a whole On the sweeter side, Cellar Door – the 2020 Lincoln Corsair, formerly has a total inventory of 7.5 million barrels Chocolates, a premium chocolate known as the Lincoln MKC, will be built of bourbon – the highest inventory in confectionary company, announced in at Ford’s Louisville Assembly Plant. It more than 40 years. February a significant planned expansion of shares parts with the Ford Escape, which The secret recipe for one of the world’s operations to meet growing demand. The also is built in Louisville. top brands, Kentucky Fried Chicken, is kept company, which was originally established The region’s automotive exports expand in a vault at its Louisville headquarters. in 2007, is crafting a new headquarters, far beyond vehicles and include auto In nonalcoholic liquids, Greater production facility and tasting room within components manufacturers like Piston Louisville is also known for things the Heine Brothers’ Coffee corporate office Automotive and many others. In April like beverage flavorings and colors, and roastery building at 1301 W. Main St. in 2019, Piston announced plans to invest $1.5 and countless other food and drink Louisville. million for an expansion of its Louisville manufacturing operations. Cellar Door, known for its truffles, operation, which will create 50 new full- In Jeffersonville, Ind., lNiagara bourbon balls, brittle and caramels, will time jobs on top of the 85 already there. Bottling announced ast July it will build continue to operate its two retail studios in The project will allow for the installation a new 469,000-s.f. manufacturing and Butchertown and downtown Louisville. of a new production line and increased bottling facility on Logistics Avenue in the “This building is going to be an capabilities to support new market demand. River Ridge Commerce Center. amazing destination point in the Portland “Our investment in the Louisville The company is investing neighborhood,” said Cellar Door Chocolates facility is a direct result of growth approximately $56 million in the project, Founder Erika Chavez-Graziano in a press with one of our key customers, Ford; including construction and equipment release. “It has a vibe that you can only get the support we’ve received from the costs. Plans also call for the full-time from a turn-of-the-century building.” community; and the hard work our employment of approximately 49 new Cellar Door plans to move into the employees have put in to make Piston workers at the new facility. new 12,000-s.f. space this fall, and will Automotive successful,” said Piston “We have been impressed by the go from 14 to 18 full-time employees.
40 h an ort s r at r o is ill an o th rn n iana ar t i lan r ort.co Talented workforce Brown Forman Cooperage Mesa Foods Discount Labels Inc. Part of the reason Greater Bourbon whiskey barrels Mexican food products Labels, rubber stamps Louisville has such success brown-forman.com mesafds.com New Albany, Ind. – discountlabels.com in the manufacturing space is Brown-Forman Corp. NHK Spring Precision Faurecia Seating Distilled spirits headquarters of America Automobile seating because of its talented workforce brown-forman.com Precision automotive springs Simpsonville, Ky. – faurecia.com and pipeline of workers. CafePress nh r cision.co Freudenberg Medical Creating a continued pipeline On-demand digital printing Packaging Unlimited Medical devices is essential, and the city works cafepress.com Corrugated packaging, boxes Jeffersonville, Ind. – with various organizations such Caldwell Tanks g nlt .co freudenbergmedical.com as Kentucky Manufacturing Steel water tanks & towers Precision Metal Works General Mills cal lltan s.co Sheet metal stamping; major appliance Pillsbury refrigerated dough Career Center, Kentucky assembly New Albany, Ind. – generalmills.com Federation of Advanced Cardinal Aluminum Aluminum extrusions, moldings nth or s.co Haas Cabinet Co. Inc. Manufacturing Education (KY tr .co Premier Packaging Kitchen cabinets Packaging supplies, corrugated boxes FAME) and local schools and Chevron Lubricants Sellersburg, Ind. – haascabinet.com universities. Lubricant blending, distribution r ac .co INDCO Inc. According to Louisville chevron.com Raytheon Co. Industrial mixers Defense weapons systems Forward, the region’s Clariant Corp. New Albany, Ind. – indco.com raytheon.com manufacturing employment Catalysts Johan America clariant.com Rev-A-Shelf Automotive products (door/window) is a 20% greater share Kitchen & bath convenience products; Coca-Cola Bottling Co. Bardstown, Ky. – johanamerica.com than the national average. organizers Coca-Cola bottling KACI (Katayama American Also, there are 14 major co consoli at .co rev-a-shelf.com Co. Inc.) Automotive door sashes, moldings automotive original ConAgra Brands Reynolds Consumer Products equipment manufacturers Flour; frozen breakfast products Aluminum foil h l ill . aci.co (OEMs) within 250 miles of conagrabrands.com reynoldsconsumerproducts.com Kitchen Kompact Inc. Kitchen/bath cabinets Louisville, creating an easy Dana Holding Siemens Industry Railroad products rson ill n . itch n o act.co stream of products required Automotive assembly dana.com siemens.com LSC Communications to manufacture some of the Print publications Dant Clayton Corp. The Lyons Companies region’s signature products – Grandstands, bleachers, seating Metal fabricating, store fixtures Lebanon Junction, Ky. – lsccom.com like the Ford/Piston example. dantclayton.com lyons-companies.com Martinrea Auto parts stamping Continued manufacturing Dawn Food Products Universal Woods growth is expected in Pie filling, icing, doughnut glazes Performance engineered panels Shelbyville, Ky. – martinrea.com Louisville, and it’s expected to dawnfoods.com universalwoods.com Metalsa Assembled metallic auto products get even more high tech. Faurecia Emission White Castle Distributing Frozen hamburger processing Elizabethtown, Ky. – metalsa.com Contributing to that trend Control Technology Auto exhaust systems whitecastle.com Nationwide Uniform Corp. is the innovative FirstBuild, faurecia.com Yamamoto F B Engineering Security/police/postal uniforms Fine blanked parts (automotive) a makerspace dedicated to Faurecia Interiors Hodgenville, Ky. designing, engineering, building Interior automotive systems yamamotofb.com Peerless Gear and selling the next generation faurecia.com Yanfeng Automotive Interiors Outdoor equipment transmissions Injection molded plastic auto parts of major home appliances Ford Motor Co. (KTP & LAP) Salem, Ind. – peerlessgear.com and more. It is backed by GE Super Duty Trucks, F-250, F-550, yfai.com Publishers Printing Expedition, Navigator, Escape Magazines, labels Appliances. In October 2018, Zoeller Pump ford.com Electric & sewage pumps Shepherdsville, Ky. – pubpress.com GE announced it will invest GE Appliance Park zoeller.com Purnell’s “Old Folks” Sausage $200 million in upgrades to Major household appliances Sausage products expand laundry and dishwasher geappliances.com Manufacturers from the Simpsonville, Ky. – itsgooo-od.com manufacturing. Appliance Park Grupo Antolin Kentucky surrounding counties include: Restonic New Albany in Louisville is GE Appliances’ Automotive interior components Restonic mattresses largest manufacturing facility, grupoantolin.com Airguard New Albany, Ind. – restonic.com with more than 5 million s.f. of Hillerich & Bradsby Co. Air filtration products Roll Forming Corp. (Louisville Slugger) Jeffersonville, Ind. – airguard.com Roll formed products (auto/aerospace) production space. Baseball/softball bats, museum Shelbyville, Ky. – rfcorp.com Some of Louisville’s largest Akebono Brake Corp. sluggermuseum.com Auto disc, drum brakes Sazerac Distillers manufacturing firms include: JBS li a thto n . a ono ra s.co Whiskey distillation, processing, bottling Pork processing American Fuji Seal Inc. Bardstown, Ky. – 1792bourbon.com Algood Food Co. jbssa.com Container shrink labels Stanley Black & Decker Peanut butter Kellogg Snacks Bardstown, Ky. – afseal.com Professional power tools algoodfood.com Various cookie products American Greetings Corp. Shelbyville, Ky. – American Printing House llogg.co Greeting cards stanl lac an c r.co for the Blind Kentuckiana Curb Co. Bardstown, Ky. – americangreetings.com Tower International Braille & large type book printing Metal components, HVAC units Beach Mold & Tool Inc. Metal, stampings, assemblies aph.org cc g.co Injection-molded plastics Bardstown, Ky. – towerinternational.com American Synthetic Kentucky Trailer New Albany, Ind. – beachmold.com Toyota Boshoku Kentucky Rubber Co. Manufacturing Bemis Flexible Packaging Automotive door trim, interior parts Reprocessed & synthetic rubber Custom semi-trailers Packaging for food industry Bardstown, Ky. – tbamerica.com americansyntheticrubberco.com trail r.co Shelbyville, Ky. – bemis.com Tyson Foods Inc. BAE Systems Koch Filter Corp. Bowles Mattress Co. Poultry deli products Defense systems Air filters, bags, cartridges Lady Americana mattresses Corydon, Ind. – tyson.com l Baesystems.com ochfilt r.co Jeffersonville, Ind. – bowlesmattress.com lanereport.com One Region, One Vision 41 EDUCATION Classroom-workplace collaboration gional cators an ri at nt r ris ar airing to tt r train o is ill or orc
Students in the Health Science Academy or ith ar a hos itals an local ro i rs to r ar th or car rs in th ical fi l . The academy is part of Jefferson County Public chool s ca i s o o is ill or orc development program.
online MBA program offered through the College of Business, a five-semester curriculum designed for working professionals. The online Franchise Management Certificate, for current and future franchise owners, began in February, the first in a series of certificate programs for specialized industries. UofL School of Public Health and Information Sciences has a new biostatistics certificate program, on campus and online, for working professionals to expand their skillsets and advance their careers. BY KATHIE STAMPS “Academies of Louisville students are an Beginning this fall, a master of science in important part of our Norton Healthcare health data analytics (MSHDA) will be prepared workforce is always family,” said Russell Cox, president and offered, with a focus on data analytics in important for companies large and CEO of Norton Healthcare. “It’s true, we’ve the health care arena so graduates will be small, and secondary education and made an investment in them but they’ve prepared to help provider organizations Ainstitutions of higher learning in the region made an investment in us as well.” improve quality, lower the cost of care and are joining forces now like never before enhance patient experience. with businesses for mutual benefits. IBM partners with UofL More than 17,600 students in 14 Through a partnership with the Going high tech high schools (up from 11 last year) are international business services giant, the KentuckianaWorks, the Workforce participating in the Academies of Louisville., University of Louisville is establishing an Development Board for Jefferson and seven the 13 partner businesses in its first year is IBM Skills Academy on UofL’s Belknap surrounding counties, placed 1,943 people now 100, with room for more. campus this fall to focus on data science in jobs last year, creating an annual payroll “Whether they have five employees or digital learning. Last fall saw a new of $61.4 million. The Code Louisville several thousand, we encourage business master’s degree, the master of science in program offers free training in software owners and leaders to reach out to JCPS business analytics (MSBA), in keeping to discuss shaping a program that meets with technology needs in the workplace, KENTUCKY STATE UNIVERSITY business needs and helps prepare our specifically the importance of analyzing 400 E. Main St. students for college and career,” said data in every business sector. ran ort Deanna Southerling, marketing generalist In fall 2018, the UofL Athletics (502) 597-6000 with JCPS. Department partnered with the College s . of Business for a new Project on Ethical From its modest beginnings M. Christopher in 1886 as a small normal High schoolers as apprentices Leadership Excellence. Designed to teach Brown II, In January, the public education system virtues-based leadership skills, Vince school for the training of black teachers for the President, launched the JCPS Apprenticeship Tyra, UofL director of athletics and vice black schools of Kentucky, nt c tat Program to offer registered president, personally donated $100,000 Kentucky State University University apprenticeships in 10 industry sectors, to start the project. The UofL Athletics has grown and evolved into a land-grant including culinary arts, diesel mechanics, Department and Adidas each pledged to and liberal arts institution that prepares a diverse student population to compete in a early childcare, graphic design and IT. donate $100,000 a year for 10 years for multifaceted, ever-changing global society. One Fairdale High School junior a total of $2.1 million to go to staff and Over the past 30 years, more than 43 new is acting as a student teacher at a local program development. structures or major building expansions have elementary school, an experience normally And, beginning in the fall ’19 enhanced Kentucky State University’s 914-acre campus, which includes a 311-acre agricultural reserved for graduating college students. A semester, UofL will offer an online research farm and a 306-acre environmental Pleasure Ridge Park High School student Distilled Spirits Business Certificate for education center. is interning in the transitional care unit at graduate students, taught by industry Kentucky State University is a public Norton Audubon Hospital as part of the experts as well as UofL faculty. The five- institution with an enrollment of approximately 2,000 students and 151 full-time faculty Health Science Academy at Pleasure Ridge week program is one of three dozen members. Park High School. online UofL offerings. Another is an
42 h an ort s r at r o is ill an o th rn n iana ar t i lan r ort.co coding and has more than 1,000 graduates since it started in fall 2013. This summer, KentuckianaWorks starts Tech Louisville, funded by an AdvancingCities grant from JPMorgan Chase, to prepare 300 adults over the next three years for entry-level jobs in IT. “Tech Louisville will use a certification from Google, the Google IT Support Professional Certificate,” said Michael Gritton, executive director of KentuckianaWorks. “It merges hardware and security certification. There have been hundreds of job openings in our area in the past six months, with a $35,000 to $50,000 entry point into the broader tech world.” “For instance, a student who works nt c tat ni rsit a historicall lac Louisville was one of five for a nonprofit environmental advocacy ni rsit in ran ort ha a o t st nts metros announced in April in the organization might create documents for enrolled in the spring of 2018. The university recently reduced its non-resident tuition rate AdvancingCities Challenge by New York- a clean water campaign or develop parts for students in the seven states contiguous to based JPMorgan Chase. Chicago, Miami, of a grant narrative,” said program chair nt c as ll as ichigan. ficials ho th San Diego and Syracuse are the others. Kathleen Driskell. “A student interested r c t ition ill a th ni rsit or In 2000, Spalding University created in sports information might take a case competitive and result in increased enrollment. the first master of fine arts in writing study approach to a local professional program in Kentucky. This fall, Spalding team to practice the types of writing is introducing the first writing school required to run the organization as well thinking, communication, creativity and in the state, the School of Creative and as communicate with its public.” collaboration,” Driskell said. Professional Writing, which will offer Writing is a valued skill for employees Louisville also has ample opportunities a master’s degree in writing. In the in any field. The master of writing in for working professionals or parents professional writing track, students will arts program at Spalding also helps to further their education, thanks to a concentrate on workplace writing within students “gain expertise in many region-wide shift to adding online degree their chosen field. sought-after soft skills such as critical programs and certificates. l
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BY ABBY LAUB
OUISVILLE is home to eight companies – public and private – that well Lsurpass the $1 billion mark in revenues, and many others that nearly claim the title. Some of these massive global corporations like Humana, YUM! Brands, Brown-Forman, BrightSpring (formerly Rescare) also call the region home. Topping the list is health insurance giant Humana Inc., which had 2018 revenues of $56.9 billion. No other corporations even come close, but they are all of great importance in a diverse Co. (12,600), and Norton Café Press Inc. h h a art rs o a a ohn s landscape of companies Healthcare (12,247). cafepress.com International is located in Louisville. As employing tens of thousands Headquartering a business Caldwell Tanks Inc. o c r it o rat cal lltan s.co 5,303 Papa John’s restaurants, which of people across health in Louisville, no matter the included 645 company-owned and care, logistics, education, industry, is a solid bet given its Chrysalis Ventures LLC 4,658 franchised restaurants, according chrysalisventures.com manufacturing and more. strategic location, low cost of to Bloomberg. Churchill Downs Inc. Humana is the region’s fifth business, available workforce churchilldownsincorporated.com largest employer with 12,000 and high quality of life. Citizens Financial Corp. ISCO Industries local employees. Ahead of it Companies headquartered in citi nsfinancialcor .co Isco-Pipe.com are UPS (21,233 employees), Louisville and beyond include: Commonwealth Kindred Healthcare Inc. Jefferson County Public Bancshares Inc. in r h althcar .co Schools (14,476), Ford Motor LOUISVILLE cbandt.com Koch Filter Corp. 21c Museum Hotels Elmcroft Senior Living ochfilt r.co 21cmuseumhotels.com elmcroft.com Limestone Bank A Arnold Relocation Elwood Staffing li ston an .co aarnoldmovingcompany.com l oo sta fing.co LJS Partners LLC AAF International El Toro ljsilvers.com aafintl.co eltoro.com Louisville Bedding Co. Air Hydro Power Inc. Farm Credit Mid-America loubed.com airhydropower.com E-Farmcredit.com Louisville Paving/ Almost Family – Firstsource Solutions USA LLC Construction an LHC Group firstso rc .co loupaving.com lhcgroup.com Fives Intralogistics Corp. Louisville Ladder Inc. Appriss Inc. intralogistics.fi sgro .co louisvilleladder.com appriss.com General Rubber & Plastics Co. Lucina Health Atlas Machine & Supply Inc. generalrubberplastics.com lucinahealth.com atlasmachine.com Heine Brothers’ Coffee Manning Equipment LLC Atria Senior Living Inc. heinebroscoffee.com r c i .co atriaseniorliving.com Henderson Services LLC Mastoras Ventures LLC Bachman Auto Group Henderson-Services.com c ri rsi .co bachmanautogroup.com Humana Meredith Machinery Baptist Health humana.com meredithmachinery.com bhsi.com ICAP Energy LLC Merrick Industries Inc. BDS Management Group icapenergy.com rric in .co bdry.com Industrial Services of Miller Transportation Inc. Brown-Forman Corp. America millertransportation.com brown-forman.com Isa-Inc.com Moby Dick Commissary Inc. ana nc. ac ir in r BrightSpring Interapt N Glantz & Son LLC Healthcare in 2018 for $800 million. brightspringhealth.com interapt.com nglantz.com ana s h a art rs is locat in Interlock Industries Inc. downtown Louisville. Buckhead Management Inc. atat c h a s.co int rloc in stri s.co
44 h an ort s r at r o is ill an o th rn n iana ar t i lan r ort.co North Atlantic REGIONAL First Capital Inc. Newcomb Oil Co. LLC Holding Co. Inc. Akebono Brake Corp. or on n . firstharrison.co Bardstown – newcomboil.com zigzag.com li a thto n a ono ra s.co First Cecilian Bancorp Inc. PKDM Holdings Inc. Norton Healthcare Beach Mold & Tool Inc. cilia th c cilian an .co li a thto n ith on nt.co nortonhealthcare.com New Albany, Ind. – beachmold.com First Farmers Samtec Inc. NTS Realty Holdings LP Bedford Loan & Deposit Bank Holding Co. New Albany, Ind. – samtec.com ntsdevelopment.com Bancorp Bardstown –mytcbt.com Sav-A-Step Food Marts Inc. Office Resources nc. or n . or an .co First Savings Financial Group lar s ill n . sa ast .co oriusa.com Bennett & Bennett lar s ill n . s an .n t Shoe Sensation Inc. Onco360 Insurance Inc. Full Circle Registry Inc. Jeffersonville, Ind. – shoesensation.com onco360.com Corydon, Ind. – bennettins.com Shelbyville – fullcircleregistry.com Stelised ORR Corp. Citizens Union Bancorp Heaven Hill Distilleries Inc. Simpsonville – stelised.com orrcorp.com h l ill c an .co Bardstown – heavenhill.com Sun Tan City LLC Packaging Unlimited LLC Communicare Inc. Hughes Group Inc. Elizabethtown – suntancity.com ac aging nli it .co Elizabethtown – communicare.org rson ill n . l gac hi its.co Trading Post Homes Papa John’s International Inc. Edwards Holdings Inc. ILPEA Industries Inc. Shepherdsville – tradingposthomes.com papajohns.com Shelbyville – edwardsmoving.com Scottsburg, Ind. – ilpea.com United Citizens Financial Corp. Passport Health Plan Evergreen AES Mid-Southern MHC a lls rg nit citi ns an .co passporthealthplan.com Environmental Salem, Ind. – Mid-Southern.com US WorldMeds LLC Payment Alliance Shelbyville – evergreenaes.com New Independent St. Matthews – usworldmeds.com International Inc. Fastline Publications Inc. Bancshares Inc. Wilson & Muir Bancorp Inc. gopai.com c n r astlin .co New Washington, Ind. – ar sto n ilson ir an .co l PharmaCord n ash an .co pharmacord.com PharMerica Corp. Top Publicly Traded Companies pharmerica.com Peregrine Co. COMPANY TOTAL REVENUE PRODUCT/SERVICE theperegrineco.com Humana Inc. $56.91 billion Health insurance and related services through plans for employer groups, government-sponsored programs and individuals Republic Bancorp Inc. r lic an .co Yum Brands Inc. $5.88 billion Quick-service restaurants, including KFC, Pizza Hut and Taco Bell brands Roller Die & Forming Co. rollerdie.com Brown-Forman Corp. $3.25 billion Bourbon and spirits producer Full-service, casual dining restaurant chain Saint-Gobain Quartz USA Texas Roadhouse Inc. $2.22 billion art .saint go ain.co Papa John’s International $1.78 billion Operates and franchises pizza delivery and carry-out restaurants Sam Swope Auto Group LLC Churchill Downs Inc. $882.6 million Pari-mutual wagering on live race meetings for Thoroughbred samswope.com horses; intrastate and interstate simulcast racetrack wagering SGS International Inc. Charah Solutions Inc. $430.37 million Ash-management provider for the coal-fired electric utility industry sgsintl.com Turning Point Brands Inc. $285.78 million Manufactures and markets smokeless and smoke tobacco products Signature Health Care LLC Republic Bancorp $277.19 million Financial holding company ltcrevolution.com Stock Yards Bancorp Inc. $155.97 million Bank holding company Stock Yards Bancorp Inc. Sypris Solutions Inc. $82.29 million Provider of technology-based outsourced services and specialty syb.com products Sypris Solutions Inc. Industrial Services $54.94 million Waste and recycling management services sypris.com of America Inc. Tape Industrial Sales First Savings Financial Group $42.54 million Bank holding company tapeindustrial.com Inc. Tasman Industries Inc. Limestone Bancorp Inc. $42.38 million Bank holding company tasmanindustries.com First Capital Inc. $33.12 million Bank holding company Texas Roadhouse Inc. t asroa ho s .co Thorntons Inc. thorntonsinc.com Top Private Sector Companies True Home Value Inc. COMPANY TOTAL REVENUE PRODUCT/SERVICE Tumbleweed Inc. Fuel, food, and drinks tumbleweedrestaurants.com Thorntons Inc. $1.8 billion BrightSpring Health Services $1.7 billion Health and human services provider UHL Truck Sales Inc. hltr c sal s.co Signature HealthCARE LLC $1.2 billion Skilled nursing, rehabilitation and therapy services Waystar American Commercial $888 million Barge transportation, towing, barge cleaning and repairs waystar.com Barge Line LLC Whayne Supply Co. Manna Inc. $856 million Quick service and casual dining restaurants whayne.com Samtec Inc. $713 million Electronic connectors and microelectronics Whip-Mix Corp. MHS Holdings Inc. $553.52 million Engineer, builder and installer of conveyor and automated sortation hi i .co systems Yum! Brands Inc. Long John Silver’s $504 million Quick-service restaurants yum.com Southern Graphics Inc. $500 million Design-to-print graphic services Zeon Chemicals ISCO Industries $450 million HDPE pipe and fusion equipment zeonchemicals.com Zoeller Co. Courtesy greaterlouisville.com zoeller.com lanereport.com One Region, One Vision 45 UTILITIES Innovation drives excellent service n ant at r s l lo costs co nit in ol nt s to s cc ss
BY ABBY LAUB
NNOVATION and technological developments touch every household and business in Greater Louisville and ISouthern Indiana – through the utilities that make them run. And, it’s no big secret that costs are low for both residential and commercial rates. According to Greater Louisville Inc., the commercial rate for Louisville’s electricity is 9.25 cents a kilowatt hour, natural gas is 8.75 cents per cubic foot, and water is $3.14 per thousand gallons, respectively. According to Electricity Local, the average monthly commercial electricity bill in Kentucky is 27% less than the national average monthly bill of $629, and the rate per kilowatt hour ranks 33rd in the nation. When it comes to the most important of human and business needs – water – Louisville Water Co. is continuing and marketing at Louisville Water Co. Scientists at Louisville Water Co. are developing to drive new advancements. It has the “Louisville Water is in the midst of n ro cts incl ing a filt r sol tion call advantage of a virtually unlimited supply “pure spout,” which can replace the spout on developing new products and services rin ing o ntains an r o conta inants of water from the Ohio River. that compliment our mission.” from water. “Innovation is key for Louisville Water, One of those includes field testing not only delivering its product today but a filter solution that LWC scientists thinking about how we deliver it in the developed called “pure spout™.” Pure future and how we evolve the science spout can replace the spout on a drinking that direction and are already investigating of drinking water,” said Kelley Dearing water fountain. Inside pure spout is a solar energy at the E.W. Brown Generating Smith, vice president of communications filter cartridge that can effectively remove Station in Mercer County. contaminants, such as lead, from the water. In October 2018, the company was LG&E AND KU recognized for fostering growth and ENERGY LLC “This product could be a good fit in 220 W. Main St. facilities with aging plumbing,” noted economic vitality. Site Selection, the Louisville, KY 40202 Dearing Smith. “At Louisville Water, we’re international economic development 1-800-981-0600 focused on high-quality water leaving our magazine, named LG&E and KU among the lg .co treatment plants and to the customer’s “Top 10 Utilities” in the U.S. for economic Consistently ranked among property. But there are variables beyond development. The magazine recognized the the best companies for Paul W. company’s economic development team Thompson the private side, the customer’s side, customer service in the United that we can’t control. We’re focused for its work in 2017, which included 155 States and recognized eight Chairman, times as one of the top utilities CEO and on developing water quality solutions projects in LG&E and KU’s service territories in the country for economic President beyond the water meter.” that created nearly 7,500 jobs in Kentucky, development by international an with a related capital investment of more Energy LLC economic development than $4 billion. magazine Site Selection, Billions in revenue and investment Louisville Gas and Electric Co. and Kentucky The other big utilities supplier in the Most recently, LG&E and KU announced Utilities Co. are committed to attracting and region is LG&E and KU, whose combined the completion of a modernization keeping businesses in the Bluegrass and making revenues in 2018 were about $3.2 billion. effort at the company’s historic Ohio the commonwealth a better place to live. President/CEO Paul Thompson said in a Falls Hydroelectric Generating Station As the energy landscape continues to evolve, LG&E and KU are evolving with it. The utilities January interview with The Lane Report in Louisville. With the upgrades now in continue to create programs and offerings to that the gas and electric company has place, the facility is poised to enter a second help meet the goals of business and residential a combined 1.3 million customer sets century of generating clean, low-cost energy customers – including opportunities to support by harnessing the natural power of the Ohio and grow renewable energy and installing publicly – meters – stretching across the state. accessible charging stations to support electric The company’s energy sources last year River. vehicle adoption. Comprised of coal, natural gas, were 80% coal, 19% natural gas and 1% “We are especially proud of Ohio Falls, hydroelectric and solar, LG&E and KU maintains renewable sources. He speculated that which was a modern marvel when first a diverse generation mix and rates that are among constructed in the 1920s,” said LG&E the lowest in the nation. increases in renewable sources are still a long way off, but that they expect to go in and KU Chief Operating Officer Lonnie
46 h an ort s r at r o is ill an o th rn n iana ar t i lan r ort.co Louisville Water Co. is also keeping an LOUISVILLE WATER COMPANY 550 S. Third St. eye on its modernization needs and is in Louisville, KY 40202 the midst of wrapping up the largest water- (502) 583-6610 main replacement in the company’s history. louisvillewater.com Louisville Water began as Kentucky’s first Louisville Water provides public water provider in 1860, but today a high-quality, reliable relies on robotic technology to assist in supply of drinking water inspection and repair of aging mains. to Louisville Metro and Spencer Bruce, Modernization and forward-thinking portions of Bullitt, Hardin, President/CEO Nelson, Oldham, Shelby business strategy includes regionalization and Spencer counties. Louisville Water began for Louisville Water Co. as Kentucky’s first public water provider in “We’re coming off the best year yet 1860 and today its treatment plants are ranked as two of the top 16 in North America for for regionalization – partnering/selling outstanding water quality. water to other communities,” said Dearing photo Louisville Water Smith. “We’ll finish the new water main to Louisville Water has more than 4,200 miles of Shelbyville in 2019 and begin delivering water main to deliver water; 200 miles of the pipe is larger than 24-inches in diameter. The utility Bellar in a press release. “Now, thanks to water to the city in the fall. Our regional company uses robotic devices/probes to inspect this renovation, we’re able to marry the footprint extends south to Hardin County, some of the largest water mains in its system. past with the future, and the same units to the east in Shelby County.” r or rs s a i i r ic to ch c that used renewable energy to power In addition, businesses have a the strength of a 48-inch water main pipe and the Louisville in 1927 will continue to benefit competitive edge thanks to multiple wires that wrap around it. our customers for decades to come.” fiber-optic networks. And although LG&E and KU is a subsidiary of PPL, Google Fiber announced it was pulling innovation and technology. “Moreover, we based in Allentown, Pa., which has 10 out of Louisville, the company is paying appreciate Google Fiber’s donation to our million customers in four states and the Louisville Metro Government $3.84 digital inclusion work, because improving United Kingdom. PPL is planning to invest million to restore infrastructure affected equity in access to technology and digital $15 billion in infrastructure improvements by its departing service in Louisville. skills is essential for Louisville’s economy in the next four years (through 2022), “It’s clear that Google Fiber’s presence in today and tomorrow.” and Thompson speculates that Kentucky Louisville led other providers to step up and Greater Louisville has a myriad of phone, will see roughly a third of that. PPL also is increase investment in Louisville, and that cable and internet providers, including working to implement “smart grid” devices was good news for consumers everywhere,” AT&T, Spectrum, Mediacom, Viasat, in Kentucky. said Grace Simrall, LMG’s chief of civic Windstream and multiple others. l
In Louisville,
is the Liquid Asset that Works. is the Liquid Asset that Works. Louisville Water Company delivers an abundant, high-quality and affordable supply to nearly one million people in the region.
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LW_Lane Report_8.125x5.5.indd 1 5/8/19 9:56 AM BUSINESS SERVICES A thriving back-office sector or than o l in r gion h l th glo al cono o ing
BY KATHIE STAMPS
USINESS owners who need other businesses to support their operations find plenty of options Bin Louisville. While service businesses abound, it’s the business services that help others out. Accounting, call centers and other back-office operations, consulting, design, human resources, information technology, other tech services and printing are among the business services that thrive in Greater Louisville. The business services cluster employs more than 25,000 Greater Louisville residents, according to Louisville Forward, and is expected to continue growing due to the robust local workforce. Working together is working better than ever. For example: in October 2018, MCM CPAs & Advisors joined with Kramer Consulting to form a new affiliate organization, MCM Kramer Technology Solutions. One of the largest CPA and advisory firms in the region, According to the Bureau of Labor Cara Silleto is founder of Crescendo Strategies, a MCM CPAs & Advisors provides tax, Statistics, the unemployment rate for human resources company based in New Albany, assurance, accounting and consulting Louisville in March 2019 was 4%. A Ind., that works with organizations across the country to reduce unnecessary employee turnover. services to clients in Kentucky and across decade prior, it was 10.3%. While it’s She is also a keynote speaker and author. the country. Kramer Consulting, an IT certainly a major economic factor in every consulting firm, is based in Crestwood. city, individual companies have their own The new partnership provides clients set of criteria to monitor the health of with IT consulting and solutions along their business. Hiring and keeping good Missouri. The company’s four strongest with tax and assurance offerings. people, for one. market segments are finance, health care, Founded in 1984, Louisville-based manufacturing and the nonprofit sector. Keeping companies moving Oliver Group is a business consulting For anyone tempted to list leadership Business services mean business success firm that helps companies acquire and in the ‘soft skills’ category, Hopkins is in the River City. develop talent. quick to point out that learning to be an “We believe it is the effective leader isn’t soft. KENTUCKY EMPLOYERS’ development of talent “There’s nothing more impactful MUTUAL INSURANCE (KEMI) that ultimately leads than having your team operate at 250 West Main Street, Suite 900, to the success of an Lexington, KY 40507-1724 maximal potential,” he said. “The No. (859) 425-7800 organization,” said Steve 1 reason people leave a job is a ‘bad kemi.com Hopkins, director of client boss,’ someone who is ineffectual or development. Steve Hopkins, antagonistic. Tackling that problem has Kentucky Employers’ Director Mutual Insurance (KEMI) That includes strategy, such a huge ROI for companies once they processes and even of Client is the largest provider of Development, get that lightbulb to go on.” workers’ compensation technology because, as Oliver Group Employee turnover is no fun for insurance in Kentucky, vital as it is, technology anyone. The Bureau of Labor Statistics providing coverage to more Jon Stewart, than 23,000 policyholders relies on people as much as the other way even has a name for it: “quits rate,” a President/CEO in all 120 counties of the around. Business success also relies on measurement of the number of annual state. We provide exceptional underwriting, sharp and capable leaders, and training to quits as a percent of average employment safety education and claims services to our achieve the right skills. and a separate data point from policyholders. This, combined with our competitive pricing, responsible financial “We would argue that 70% of a leader’s unemployment. management and a focus on innovation makes time should be engaged in leading,” Crescendo Strategies, a human KEMI the provider of choice for Kentucky Hopkins said. “ resources company based in New Albany, businesses. We are proud to have earned and Oliver Group employs 22 people in Ind., works with organizations across the maintained an “excellent” rating by A.M. Best. Louisville, Chicago, Wisconsin, Ohio and country to reduce unnecessary employee
48 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com turnover, in particular by helping agencies as their team projects. The For example, in May 2019 Chewy. managers be more effective in leadership challenge winner was Louisville Youth com, an online pet supplies retailer, roles and by bridging the generational Group, an organization that provides announced it is expanding in Louisville gaps within companies. programming for LGBTQIA+ youth. with a $7.2 million investment expected Crescendo founder Cara Silletto is Also, EnterpriseCorp and the to create 300 jobs. The Florida-based a keynote speaker and author. She and Forcht Center for Entrepreneurship company is settling into an 88,000-s.f. Leah Brown, senior retention strategist for at the University of Louisville College office space at its Pharmacy Customer Crescendo Strategies, co-wrote the book of Business partnered for a third year Service Center. It will create high-tech “Staying Power: Why Your Employees in 2019 to host the annual RevIt – jobs for pharmacists and pharmacy Leave and How to Keep Them Longer.” Accelerating Customer Growth event. technicians, earning an average wage of Revlt provides free, tailored marketing $35 an hour. It contributes to the city’s Equipping the next generation advice from marketing and branding goal of attracting more high-wage jobs in Bringing business and nonprofits together experts for early-stage start-up companies order to boost the standard of living for in training the next generation of business in the Greater Louisville region. The area residents. service providers is Ignite Louisville, Forcht Center and EnterpriseCorp Another example is Coastal Cloud, presented by Norton Healthcare. The selected five start-ups at the right stage in a nationwide firm that provides cloud six-month program from Leadership their growth process to receive tailored technology platform expertise and Louisville Center began in 2005 to develop advice. organizational solutions for service leadership skills in young professionals. The program is one of a growing businesses. The Florida-based company The 20th class graduated in the fall of and thriving sector of organizations has a Midwestern office in Louisville and 2018 and contributed over 5,500 hours of throughout Greater Louisville and is seeing astronomical growth. service and over $240,000 in value to six Southern Indiana that are aimed at And last year in Jeffersonville, Ind., nonprofit agencies as their team projects. providing perhaps the most crucial United Collection Bureau Inc. announced In a challenge, the winning team partnered business services of all: helping new it will lease space for a new $2.48 with Inside the Lines Training, an academic businesses start and grow. million business process outsourcing enrichment and athletic training program and collection call center in the rapidly for student athletes. A national backbone of business growing River Ridge Commerce Center. The 21st Ignite Louisville class Greater Louisville’s logistics, low cost of Whether the business services help graduated in April 2019, contributing doing business and talented workforce create more effective business operations over 2,500 hours of service and providing create an environment just right for back- or streamline the experience for customers, $350,000 in value to six nonprofit office suppliers and service centers. Greater Louisville is the place to do it. l
YOU ARE NOBODY’S FOOL
Because you’re reading this. A 2016 research study found that magazine readers are engaged, knowledgeable, and inquisitive, and that magazines are the most trusted, inspiring and motivating form of media. That means Lane THE LANE REPORT Report readers are more likely to separate fact from fiction and make be er (859) 244-3500 informed decisions. Sound like a great audience for advertising? You bet. lanereport.com/advertising BOURBON & HOSPITALITY Making room for bourbon lovers Hotels and distilleries compete to see who can have the bigger construction boom
Michter’s Fort Nelson Distillery opened in early 2019 after an almost-eight-year project to restore the crumbling historic building on Museum Row in downtown Louisville. Construction crews installed over 400,000 pounds of structural steel to reframe the building and provide space for a working distillery.
Of the roughly 20,000 hotel rooms serving the Greater Louisville area, almost 2,000 have been added in the last couple of years. LHA represents over half through its 50 hotel members. But it’s not just Louisville. Shelby County has two new hotels, Hampton Inn of Simpsonville and Saddlebred Suites in downtown Shelbyville, an upscale vacation rental. There’s also TownePlace Suites Louisville North, an extended-stay hotel by Marriott in Jeffersonville at the base of the Big Four Pedestrian Bridge, and a new Home2 Suites by Hilton in Clarksville. In April 2019, Bullitt County celebrated the ribbon-cutting of Tru by Hilton Shepherdsville Louisville South, an 83- room hotel that opened in December 2018 BY KATHIE STAMPS Several miles south in the area near the on Centre Drive at exit 121 off I-65. airport, Delta Hotels by Marriott, LaQuinta Moxy is Marriott International’s OUISVILLE is known for many Airport & Expo, Motel 6 Airport/Expo millennial-focused brand that debuted things, and bourbon and hotels are Center, Staybridge Suites and Studio 6 in 2014 in Europe. Moxy Louisville has skyrocketing to the top of the ‘it’ list Extended Stay will contribute another an anticipated opening in November on L– for both locals and visitors. 642 rooms. In East Louisville, 402 new Main Street near the KFC Yum Center and While guest rooms are typically rooms will come from Candlewood Suites, will have a rooftop bar called Bitter’s End, booked by out-of-towners, hotels in Radisson and Ramada Plaza. among other attractions. Its sister property, Greater Louisville are increasingly used by Hotel Distil, is an independent affiliate of locals. From a small business meeting to Rooms galore, millions in revenue Marriott’s Autograph Collection Hotels. presentations and pitches, any number of “The hotel industry generates more spots on a hotel property are patronized. than $250 million in annual revenue in History, and the bourbon attraction And if it seems like hotels are popping up all Louisville, based on recent estimates,” The Seelbach Hilton, built in 1905 over the place, that’s because they are. said Greg Jewell, executive director of and mentioned in “The Great Gatsby,” A generous culture of things to the Louisville Hotel Association. is listed on the National Register of do, places to go and people to see – particularly centered around bourbon – all contribute to people moving to Louisville after they visit for leisure or business. Four more hotels are slated to come in downtown Louisville, bringing another 534 rooms. The hospitality newcomers include a combination of boutique and chain enterprises: Cambria Hotel, Holiday Inn, Hotel Distil and Moxy Hotel.
Saddlebred Suites in downtown Shelbyville features exposed brick, newly renovated athroo s har oo ooring an th ling o a big city within the quaint, small-town charm of downtown Shelbyville. The upscale vacation rental is one of two new hotels in Shelbyville.
50 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com Right: The Jim Beam Urban Stillhouse, complete with a working distillery and bottling line, is a popular place to learn about bourbon or get a handcrafted cocktail with friends.
Below: Kentucky’s Bourbon District is decorated with “The Barrel,” a piece of public artwork designating the intersection of Fourth and Main Streets as the center o o is ill s o r on istrict. t has fi hoo s an th at rials s ar ant to r ct thos o an actual oak bourbon barrel.
impact report, released in January 2019, gateway sponsor to the KDA’s Kentucky estimated 20,100 jobs in the state’s Bourbon Trail adventure. Nelson County distilling industry that produce $1 billion distillery tours include Bardstown in annual payroll and $8.6 billion of Bourbon Co., Heaven Hill, Lux Row economic output. The number of licensed Distillers, Preservation Distillery and distilleries has tripled in less than a Willett Distillery, along with other venues decade. Last year, around 1.7 million such as Old Talbott Tavern and the Oscar barrels of new bourbon were produced in Getz Museum of Whiskey History. Kentucky, joining 7.5 million barrels of The Bulleit Distilling Co. became Historic Places. In March, Paul Sant was aging bourbon. the second distillery to open in Shelby appointed executive chef. The native KDA’s Kentucky Bourbon Trail County. It’s a 300-acre campus that Australian has been in Louisville since Welcome Center opened in August 2018 includes four barrel houses, each capable 2008, when he started working for Dean at the Frazier History Museum on West of holding 55,000 barrels for aging, and a Corbett, and now is responsible for Main Street in downtown Louisville, aka 52-foot still crafted by Vendome Copper culinary operations at Gatsby’s on Fourth, “Whiskey Row.” The center serves as the and Brass Works. A visitor experience just Old Seelbach Bar, special events at The official starting point of the Kentucky opened in June. Oakroom, the banquet kitchen and in- Bourbon Trail tour. The Kentucky Bourbon Festival (KBF) room dining, and for growing on-site began in 1992 as a bourbon tasting restaurants at the Seelbach. A region flush with bourbon dollars and dinner. It has become a five-day Omni Louisville Hotel, 21c Museum Bourbon Heritage Center, the visitor event each September in Bardstown Hotel and Marriott Louisville East are just center at Heaven Hill Distillery in with 50,000 in attendance. Extra KBF- a few examples of hotels with bourbon- Bardstown, was one of the first centers sponsored events are scheduled from themed rooms and bourbon-inspired foods. of its kind for Kentucky Bourbon Trail June to November. “Our hospitality industry is part of visitors in 2004. It is undergoing a $17.5 Plenty of distilleries offer tours and our secret sauce that makes the Kentucky million expansion, which will include a tastings, and now they’re starting to Bourbon Trail tours so appealing to visitors,” rooftop bar, larger retail space, a You Do operate their own bars, as witnessed said Adam Johnson, senior director of the Bourbon experience and other interactive on Whiskey Row with George’s Bar at Kentucky Bourbon Trail experiences. showcases. Heaven Hill is also increasing Old Forester Distilling Co. and ON3 The Kentucky Bourbon Trail celebrates its production capacity through a $47.5 at Evan Williams Bourbon Experience. its 20th anniversary in 2019; it was million investment. There’s also ALEX&ANDER at Copper & created by the Kentucky Distillers’ In addition to Bardstown’s longtime Kings American Brandy Distillery in the Association, an organization that’s been moniker as the Bourbon Capital of the Butchertown neighborhood, and The Bar at around since 1880. KDA’s economic World, the city was named an official Fort Nelson, in the 800 block of West Main. After several years of renovating a stately Whiskey Row structure, Michter’s Fort Nelson Distillery opened in February in the historic Fort Nelson Building. Michter’s Shively Distillery handles operations for processing and bottling the brand’s bourbons, ryes and whiskeys. l
The historic Willett Distillery, located on the outskirts of Bardstown, has been family-owned and operated since its founding in 1936. It makes small- batch and single-barrel spirits. lanereport.com One Region, One Vision 51 ATTRACTIONS, MEETINGS & CONVENTIONS Visitors say ‘Yes’ to Louisville Tourism spending tops $1.3 billion; entertainment options continue to grow Kentucky Venues photo
BY KATHIE STAMPS five months, with an estimated economic The Kentucky International Convention Center impact of $30 million. The new space has reopened in the fall of 2018 after a $208 million HE word chosen by Doug renovation and expansion. In March of 2019, KICC a 40,000-s.f. ballroom with color-changing hosted the annual conference and stage expo for Bennett, senior vice president LED walls and no columns; 52 meeting the New York-based United States Institute for of development for Louisville rooms; a tiered conference theater with Theatre Technology. TTourism, when describing the state of seating for 175; a kitchen capacity of conventions and tourism in Greater 15,000 meals per day; and 200,125 s.f. of Louisville is “growth.” contiguous Class A exhibit space. KICC Longwoods report listed the zoo as a top “We’ve never been in a better or also has Oak & Brew; a restaurant for attraction. Louisville Zoo is celebrating its stronger position,” he said. “Our best coffee by day, bourbon by night. 50th anniversary in 2019 with two new days are in front of us.” “Groups say ‘yes’ to Louisville because exhibits: Snow Leopard Pass and Colobus With the opening of the $315 of the number of rooms and things to Crossing take visitors on a virtual trip to million Omni Louisville Hotel in 2018 do,” Bennett said. “A bigger convention Kenya to see the black and white Colobus and renovations for Louisville Marriott center, more hotel product and more to monkeys. Downtown and the Galt House Hotel, do after 5 p.m. help a destination grow among others, the “impact on the product and become an option.” Louisville’s ‘mane’ attractions we’re able to sell is tremendous,” Bennett Events large and small attract visitors Last year’s largest tourism event had an said. “Site inspections are way up in from the surrounding region and the estimated economic impact of just under the past 12 months. Business across the globe, and provide an unmeasurable $355 million. That would be, of course, board is up.” quality of life for residents. The the Kentucky Derby and Kentucky Oaks. Total tourism spending is an annual $1.307 billion in Louisville, according to a 110-page report by Longwoods International for the 2017 domestic tourism business in Louisville, with the top two expenditures being lodging (39%) and food/beverage at restaurants (25%). Of the 24.7 million visits, 81% were leisure travelers. The average age of visitors is 43.4 years. After a two-year closure for a $207 million renovation and expansion, the downtown Kentucky International Convention Center (KICC) opened in August 2018 and generated 60 events in
Polar bear Qannik swims past families at the Louisville Zoo’s award-winning Glacier Run, which features underwater viewing.
52 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com h nt c r al a s h l on th first Saturday in May at Churchill Downs in Louisville, is th first rac in th ri l ro n o horo gh r racing. It is followed by the Preakness Stakes race and the Belmont Stakes race.
Louisville Tourism, the Greater Louisville Convention and Visitors Bureau, listed the two-day Breeders’ Cup World Championship as the second largest event, with an estimated impact of $70 million on the local economy. Rounding out the top five events of 2018 were SkillsUSA National Leadership and Skills Conference ($26.2 million); Mid-America Trucking Show annual trade show ($25.6 million); and the National Farm Machinery Show and Championship Tractor Pull Ted Tarquiano photo Tarquiano Ted ($23.6 million). Speaking of Louisville’s “mane” the British band’s penultimate album, attraction, Airbnb booked more than “Abbey Road.” BULLITT COUNTY 300 S. Buckman St. $2.5 million in stays for 5,800 guests Forecastle Festival is a three-day Shepherdsville, KY 40156 over Derby weekend in May through the celebration of music, art and activism (502) 543-2262 community-driven hospitality company. at Waterfront Park. The 17th annual Bullitt County is one of the The International Festivals and Events Forecastle in mid-July features the Avett fastest growing counties in Association, based in Boise, Idaho, has Brothers, the Free Nationals, Hozier, Tyler Kentucky, and is home to named Louisville in its list of top 10 Childers and dozens of other performers. the state’s official arboretum, Jerry Summers, Judge/Executive, “IFEA World Festival & Event Cities in And new to 2019, the VIP weekend Bernheim Forest, as well as the No. 1 selling bourbon Bullitt County North America.” Art, music and bourbon passes come with a Forecastle Urban in the world, Jim Beam. are the most common festival topics in Bourbon Trail passport and copper flask. Situated just 20 minutes from downtown Greater Louisville. “The bourbon visitor will increasingly Louisville, Bullitt County is the best of both The Kentucky Distillers’ Association spend time in Shelby County,” said worlds – a rural setting that’s close enough to the metro area for whatever city offerings you hosts the annual Kentucky Bourbon Katie Fussenegger, executive director of may want. Affair in June, a week-long celebration of ShelbyKY Tourism, “with Jeptha Creed To start your next venture, contact: bourbon at distilleries and watering holes (distillery) fully established and Bulleit’s • Bullitt County Economic Development throughout downtown Louisville that is Distillery [opening].” John R. Snider (502) 543-1200 KDA’s signature event. ShelbyKY Tourism created a series [email protected] Abbey Road on the River, the world’s of Bourbon 101 workshops called • Bullitt County Tourist Commission largest Beatles-inspired music festival, “Dine & Discover Events” to educate Troy Beam lasts five days over Memorial Day community officials and those working (502) 543-1900 [email protected] weekend at the Big Four Station Park in restaurants, hotels and other tourism- in Jeffersonville, Ind. The 2019 event related businesses in Shelby County paid homage to the 50th anniversary of about bourbon. Once a month from April through July, Tim Knittel of Distilled Living has led tastings and explained responsible serving guidelines, the history of bourbon and how to taste it, and what makes it special to Kentucky. “To keep our hospitality community bustling year-round, ShelbyKY Tourism is leading a focused campaign on group sales during the slower periods in winter,” Fussenegger said. “We are also marketing to smaller groups of 10 to 50 attendees that are specific to equine sports, affinity groups and reunions.”
The world’s largest Beatles-inspired music festival, Abbey Road on the River, is held each year at Big Four Station Park in Jeffersonville, Ind., located at the foot of the Big Four Pedestrian Bridge that connects the Louisville and Jeffersonville waterfronts. lanereport.com One Region, One Vision 53 ATTRACTIONS, MEETINGS & CONVENTIONS
In April, the Louisville Independent Brennan House George Rogers Clark Homesite Business Alliance (LIBA) launched a historiclouisville.com/brennan-house Clarksville, Ind. fallsoftheohio.org series called “West on Wednesdays” at Bullitt County History Museum local and independent restaurants in West Shepherdsville Gheens Science Hall bullittcountyhistory.org and Rauch Planetarium Louisville, to keep up the good word Cave Hill Cemetery louisville.edu/planetarium about supporting local entrepreneurs. cavehillcemetery.com Historic Old Louisville Farm to Fork, Lucretia’s Kitchen and Churchill Downs oldlouisville.org Mattie’s Kitchen were three of the first churchilldowns.com Howard Steamboat Museum local eateries on the docket. Conrad-Caldwell House Museum Jeffersonville, Ind. On Pearl Street in New Albany, conrad-caldwell.org howardsteamboatmuseum.org “MESA, A Collaborative Kitchen” is a Corydon Capital State Historic Site Huber’s Orchard, Winery & Vineyards thisisindiana.org Starlight, Ind. place for local chefs, and those who huberwinery.com aspire to be, to take part in live culinary John Hay Center demonstrations for audience members Salem, Ind. who double as taste-testers. Five miles johnhaycenter.org due north, Donum Dei Brewery on Grant Kentucky Derby Museum Line Road opened four years ago and has derbymuseum.org added craft spirits with new distilling Kentucky Kingdom and Hurricane Bay operations. kentuckykingdom.com Jeffersonville’s Arts and Cultural Kentucky Railway Museum New Haven District received a $220,000 grant kyrail.org from the Indiana Office of Tourism Kentucky Science Center Development and more than $1 million kysciencecenter.org in funding from SoIN Tourism to create Louisville Mega Cavern workspaces for artists, makers, historians louisvillemegacavern.com and inventors in underused buildings and Louisville Slugger Museum & Factory green spaces in the city. sluggermuseum.com Louisville Zoo Outdoor adventures louisvillezoo.org Three parks departments in Southern Muhammad Ali Center Indiana – Clarksville, Jeffersonville alicenter.org and New Albany – created Le Tour de Museum Row on Main Greenway, a family-friendly event in May museumrowonmain.com for participants to bike along the 7.5- My Old Kentucky Dinner Train Bardstown mile Ohio River Greenway, a multiuse kydinnertrain.com path that now fully connects all three My Old Kentucky Home State Park communities, thanks to the opening of a Bardstown walking bridge across Silver Creek. parks.ky.gov/parks/recreationparks/old-ky-home Pedestrian access is a major attraction Oscar Getz Museum between Louisville and Southern Bardstown Indiana, as the Big Four Bridge offers Kentucky Kingdom and Hurricane Bay in Louisville whiskeymuseum.com foot or bike access across the Ohio River, is a 63-acre amusement and water park with more Patriots Peace Memorial than 70 rides, coasters and water attractions. patriotspeacememorial.org with stunning views of the city and Schimpff’s Confectionery countryside. And the river itself provides Jeffersonville, Ind. ample attractions for entertainment – schimpffs.com Culbertson Mansion State Historic Site from kayaking, to cruising on the Belle of New Albany, Ind. Scribner House Louisville to competitions like IRONMAN indianamuseum.org/explore New Albany, Ind. scribnerhouse.org Louisville. Falls of the Ohio Foundation Clarksville, Ind. Squire Boone Caverns & Village fallsoftheohio.org Mauckport, Ind. AREA ATTRACTIONS squireboonecaverns.com Farmington Historic Home American Printing House historicfarmington.org Thomas Edison House for the Blind Museum edisonhouse.org aph.org/museum Flame Run Glass Studio and Gallery a r n.co Thomas Merton Center Beck’s Mill mertoncenter.org Salem, Ind. Fort Duffield Park & Historic Site becksmill.org West Point Whitehall House & Gardens ort fi l .co historicwhitehall.org Belle of Louisville ll o o is ill .org Fourth Street Live! Wickland Home 4thstlive.com Bardstown Bernheim Arboretum visitbardstown.com/wickland and Research Forest Frazier History Museum Clermont fraziermuseum.org Zachary Taylor National Cemetery cem.va.gov/cems/nchp/ zacharytaylor.asp l bernheim.org General George Patton Blackacre State Nature Preserve Museum of Leadership and Historic Homestead Fort Knox blackacreconservancy.org generalpatton.org
54 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com ARTS & CULTURE Public art, longstanding traditions o is illians n fit ro a gro ing hasis on co nit in ol nt in th arts
BY KATHIE STAMPS
MAGINE a marketing plan for the arts and a strategic plan for culture. Louisvillians have done that, and it’s a Icommunity cultural plan called Imagine. The full title is Imagine Greater Louisville 2020. With the support of Louisville Metro Council and Fund for the Arts, Imagine has five priorities: access, cultivation, education, inclusion and promotion. The plan’s blueprint was created from community feedback and input. In February 2019, the Imagine steering committee announced 15 artists, groups and schools as grant recipients totaling nearly $50,000 for the program’s second year. In the first year of Imagine, 24 projects served 32,730 people with 3,000 hours of programming in 100 locations throughout 40 zip codes. Marty Pearl photo Look for the first Imagine Mural Festival in fall 2019, a two-week festival Funding the arts The annual St. James Court Art Show draws tens of public art throughout Louisville’s Founded in 1949, Fund for the Arts is of thousands of people to enjoy art exhibitors in Smoketown neighborhood. Sponsored the third strongest united arts campaign Louisville’s most iconic neighborhoods. by the city, Fund for the Arts, the in the United States, thanks to 16,000 Imagine Greater Louisville 2020 Steering donors; 1,100 campaign volunteers; 400 Committee, and Louisville Visual Art, the corporate partners; and 200 workplace theme for the inaugural festival is “Lean campaigns. The organization provides Into Louisville,” an initiative launched access grants and project grants to 100- early in 2019 by Mayor Greg Fischer and plus individual artists and organizations, Louisville Metro Government to explore arts-in-education grants to more than and confront the history and legacy of all 250 regional schools, and 21 “sustaining impact grants” (up from 14 in 2017). forms of discrimination and inequality. Access: more art for more people in In 2018, having adopted the more places. five Imagine priorities for its own Cultivation: thriving institutional and organization, Fund for the Arts changed emerging organizations and creative its grantmaking process so that applicants industries. must demonstrate capabilities in the Education: so that all schoolchildren five priorities. In Q4 2018, sustaining can participate in arts and culture. impact grants totaling $3.7 million were announced for 21 nonprofit arts Equity, Diversity, Inclusion: a more equitable, diverse and inclusive organizations that will engage 2 million community. audience members at 8,200 arts events per year and realize an economic impact Promotion: to have Greater Louisville recognized regionally, nationally and of $124 million. Those nonprofits globally as a leading city of arts and culture. include Actors Theatre of Louisville; Arts Association of Oldham County; Louisville Ballet; Louisville Visual Art; River City Abrams, the orchestra reaches more than Drum Corp; Speed Art Museum; West 100,000 people every year through 200 Louisville Performing Arts Academy; and performances, ensemble visits and impact the Louisville Orchestra. events in 84 different locations. In March, the Louisville Orchestra appointed Robert Timeless favorites Massey as CEO. Established in 1937, the Louisville “I’m honored to join an orchestra that In addition to more than 250 concerts, the Orchestra operates with an annual is part of a vibrant and collaborative arts annual Abbey Road on the River music festival in Jeffersonville, Ind., features an interactive art and budget of $7.3 million. Under the community,” Massey stated in a news kids area. direction of Music Director Teddy release. lanereport.com One Region, One Vision 55 ARTS & CULTURE
grant from the Indiana Office of Tourism Development. Short for North Court District, NoCo encompasses 22 blocks north of Court Avenue in Jeffersonville. In December 2018 the area was accredited as a cultural district by the Indiana Arts Commission and features outdoor art and murals, a local history museum, a vintage fire museum, a park called Picasso Pointe that has a performance green space and a 70-foot-long community table, sculptural lighting designed by local elementary school students, and the NoCo Arts Center itself, which is located in a former auto body shop.
Entertaining at Yum! Major musical acts and performers frequently visit Louisville thanks to the KFC Yum! Center, which also plays host to University of Louisville basketball. In March 2019, Metallica’s “WorldWired Teddy Abrams, left, music director of the Louisville Tour” set a record at the KFC Yum! on display at Frazier History Museum, an Center with a crowd of 23,084 fans, Orchestra, is the youngest conductor ever named affiliate of the Smithsonian Institution, director of a major orchestra. He has become breaking the previous attendance record a o lar fig r thro gho t o is ill hil located in the Bourbon District of set by George Strait five years earlier. Last developing a national reputation for innovation downtown Louisville. year, four other acts had the top-selling and community building. Olmsted Academy North Middle has a shows of their tours at the KFC Yum! school choir named “The Ambassadors.” Center: Kid Rock, Pink, Elton John and In April they performed at Frazier History Bob Seger. Another longstanding favorite in Museum, where they were surprised Louisville is the Speed Art Museum, with tickets to see “Hamilton,” courtesy a beautifully renovated space that of the Louisville Theatrical Association, ARTS ORGANIZATIONS AND VENUES spans more than 6,000 years of human which maintains the PNC Broadway in 1619 Flux Art + Activism .org creativity, culture and experiences. Louisville series. The award-winning 21c Museum Louisville’s Kentucky Shakespeare “Hamilton” musical scheduled two dozen 21cmuseumhotels.com performed “Macbeth” at Picasso Pointe as performances at the Kentucky Center in Actors Theatre of Louisville one of 28 neighborhood park performances June to close out the 2018-19 season. actorstheatre.org in the region. The sixth annual “Shakespeare The 2019-20 season starts in October B. Deemer Gallery in the Parks” spring tour started out in 2014 with “Dear Evan Hansen” and will bdeemer.com with nine stops, and now that number feature “Jesus Christ Superstar” and “Miss Carnegie Center for Art & History has tripled, thanks to 20 Louisville Metro Saigon” among others. New Albany, Ind. Council members and other organizations Also, the Kentucky Center now has a carnegiecenter.org and municipalities that are sponsoring new performance venue, Old Forester’s performances. Paristown Hall, as of summer 2019. The In its 59th year, the Kentucky $12 million, 28,000-s.f. building is in Shakespeare Festival from May to July the east downtown area, between Vine featured “As You Like It,” ‘‘Henry IV Part and Brent streets, for hosting community II” and “King Lear.” All performances events, conventions, festivals, fundraisers are free and take place at Central Park in and other programs and performances. the Old Louisville neighborhood. Prior Old Forester serves as the title sponsor to each show, a “Kids’ Globe” tent offers for the venue. hands-on, interactive arts activities, also at no charge, through a project grant from Thriving arts hub in Jeffersonville Imagine Greater Louisville 2020. Across the river, the Jeffersonville Public Olmsted Parks Conservancy, a Art Commission and the Jeffersonville nonprofit formed in 1989, has a mission Arts Alliance spent six months to prepare of protecting and restoring the city’s for a one-day JAM session in April parks and parkways. Nearly a century 2019. Standing for Jeffersonville Art Louisville Stoneware, a ceramics workshop earlier, in 1891, Frederick L. Olmsted Movement, JAM is a 30-foot long piece of established in 1815, is located in the Highlands designed Louisville’s park system, which art – a mosaic – at the NoCo Arts Center. section of Louisville. The workshop’s artisans create timelessly beautiful dinnerware, bakeware, today features six parkways and 18 parks. Designed by people in the community, o r ots an s r ing i c s. t o rs actor “Olmsted’s Louisville” is the latest exhibit the project was funded in part by a tours, paint your own artwork and a retail store.
56 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com CenterStage at the Jewish Community Center jewishlouisville.org/the-j/centerstage Clarksville Little Theatre Clarksville, Ind. clarksvillelittletheatre.org Commonwealth Theatre Center commonwealththeatre.org Derby Dinner Playhouse Clarksville, Ind. derbydinner.com Filson Historical Society filsonhistorical.org Hidden Hill Nursery & Sculpture Garden Each year, an estimated 15,000 people attend the Kentuckiana Pride Festival, a two-day event Utica, Ind. celebrating the LGBTQ+ community. It is held on the Big Four Lawn in downtown Louisville and hiddenhillnursery.com features a parade and concerts on multiple stages. Iroquois Amphitheater iroquoisamphitheater.com A Sampling of 2019 Regional Festivals Kentucky Center for African American APRIL/MAY JULY Trimble County Apple Heritage Festival kcaah.org Kentucky Derby Festival Forecastle Festival kdf.org forecastlefest.com Bedford Kentucky Center for the Performing trimbleapplefest.org Arts kentuckycenter.org MAY AUGUST OCTOBER Kentucky Opera Abbey Road Kentucky State Fair Craft Beer Festival kyopera.org on the River kystatefair.org Bardstown Jeffersonville, Ind. Old Lou Brew Craft Beer Kentucky Shakespeare arotr.com bardstowncraftbeerfest.com kyshakespeare.com Festival Kentucky Reggae oldloubrew.com Garvin Gate Blues KMAC Museum Festival Festival kmacmuseum.org garvingatebluesfestival.com kentuckyreggaefestival.com SEPTEMBER Louisville Ballet Shakespeare Festival in Harvest Homecoming louisvilleballet.org Bourbon & Beyond Central Park Festival Festival New Albany, Ind. Louisville Chorus (through Aug. 4) bourbonandbeyond.com louisvillechorus.org kyshakespeare.com harvesthomecoming.com Hometown Rising Louisville Memorial Auditorium Country Music & louisvillememorialauditorium.com NOVEMBER JUNE Bourbon Festival Louisville Orchestra Bourbon City Street hometownrising.com Light Up Louisville louisvilleorchestra.org Concert louisvilleky.gov/government/city- Kentucky Bourbon events/light-louisville Louisville Palace Bardstown Festival louisvillepalace.com bardstownmainstreet.com Bardstown Smoketown Mural Kentuckiana Pride kybourbonfestival.com Festival Louisville Theatrical Association fundforthearts.org/mural-festival louisville.broadway.com Festival Louder Than Life kypride.com Louisville Visual Art louderthanlifefestival.com louisvillevisualart.org Kentucky Bourbon Affair Louisville Youth Choir kybourbonaffair.com louyouthchoir.org Louisville Youth Orchestra lyo.org Paul W. Ogle Cultural StageOne Family Theatre & Community Center stageone.org Mellwood Arts & Entertainment Center New Albany, Ind. mellwoodartcenter.com Stephen Foster Story oglecenter.com Bardstown, Ky. New Albany Riverfront Amphitheater Pyro Gallery stephenfoster.com New Albany, Ind. pyrogallery.com cityofnewalbany.com Speed Art Museum speedmuseum.org St. James Court Art Show stjamescourtartshow.com TheatreWorks of Southern Indiana theatreworksofsoin.com UofL Theatre Arts Department louisville.edu/theatrearts West Louisville Performing Arts Academy westlouisvilleperformingarts.org l
Each summer, Kentucky Shakespeare presents the Kentucky Shakespeare Festival in Old Louisville’s Central Park. Founded in 1949, Kentucky Shakespeare is a professional theatre company and the most comprehensive in-school arts provider in Kentucky. lanereport.com One Region, One Vision 57 SPORTS Pro soccer, college teams, sports for all Athletic offerings rake in millions by attracting spectators and enthusiasts
BY RUSS BROWN The Louisville City Football Club’s new stadium in Butchertown, T doesn’t take a super sleuth to find shown here in this artist’s evidence of the booming sports and rendering, will be part of a 40- recreation scene in Greater Louisville acre development adjacent to Iand Southern Indiana. Opportunities Louisville’s Waterfront Park. abound for spectator sports along with a variety of choices for those who want a more active lifestyle. A focal point in 2019 is construction of a new soccer-specific stadium in Louisville’s Butchertown neighborhood for Louisville City FC of the United Soccer League (USL). It joins the 22,000- seat KFC Yum! Center and 65,000-seat Cardinal Stadium as the city’s third first- class sports/entertainment facilities.
Millions of dollars pouring in The $65 million stadium is the centerpiece of a 40-acre, $200 million mixed-use development bounded by Interstates 64 of the construction site for media and for the Sports and Learning Complex and 65, adjacent to Louisville’s Waterfront others. “And we’re excited to be a part of positions it as the “epicenter” of a Park near downtown. It will have an it. (This stadium is) going to be one of multistate track and field community that initial capacity of about 14,000 fans, with the best atmospheres in the country.” not only would be a hub for major events permanent seating for 11,700. The stadium Another transformative project still in but an economic development anchor is under construction and will feature 18 planning stages is the Louisville Urban with an impact of $47 million expected to luxury suites, club and loge seating options, League’s Sports and Learning Complex, a create more than 300 jobs. Urban League eight bars and a 40-by-72-foot video board. $35 million multisports venue slated for President/CEO Sadiqa Reynolds said the LouCity officials said the project is on West Louisville. Slated for a site at 30th indoor and outdoor tracks should be schedule to meet its spring 2020 completion Street and Muhammad Ali Boulevard in completed before the end of 2020. deadline. Until then, LouCity continues the Russell neighborhood, the center is “This is really a catalyst for change,” playing its home games at 13,000-seat expected to move forward despite recent Reynolds said. “This is that magnet, that Louisville Slugger Field downtown. city budget shortfalls. Louisville pledged anchor that will bring other people into “We believe that this is a revolution $10 million for the project in June 2018. the community with disposable income for professional sports in the state of The center is to include an indoor that then leads to organic growth of Kentucky,” LouCity President Brad Estes track-and-field facility and an outdoor other things.” said while hosting a spring 2019 tour track and learning complex. The vision Basketball is big business Basketball always plays a huge role in the hoops-crazy Bluegrass state, of course, and this year Louisville had the nation’s attention during the NCAA Tournament by virtue of playing host city for two major events during March Madness. First, the No. 1-seeded University of Louisville women’s team hosted Kansas State, Michigan and Robert Morris for the first and second rounds in the Yum! Center. Then the men took over, with Purdue,
ho san s o artici ants oc to at r ront Park for the Hike, Bike & Paddle, a twice annual event held every Memorial Day and Labor Day. In addition to the 5K hike, 12.5-mile bike ride and a paddle on the Ohio River, the event features fitn ss onstrations n or ooths h alth information and giveaways.
58 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com developed, the $120 million project includes four major parks linked by a Pro soccer, college teams, sports for all park drive, a first-rate urban trail system Athletic offerings rake in millions by attracting spectators and enthusiasts and a water trail, all tracing Floyds Fork. Another key feature in the development is the 100-mile Louisville Loop, a multirecreational, non-motorized path that will eventually encircle the city and link neighborhoods. As part of its development, 21st Century Parks has built 19 miles of the Loop, with Metro Louisville being responsible for construction and funding of the other 81 miles, more than 30 of which are already complete. Another major outdoor recreation area is Bernheim Arboretum and Research Forest in Clermont, Ky., which is celebrating its 90th anniversary. At more than 16,000 acres, Bernheim is the largest privately held forest
Shelby County Tourism photo Tourism Shelby County dedicated to conservation and education in the eastern U.S. Bernheim Forest contains The Shelby County Fair and Horse Show is one of City universities affiliated with the NCAA over 40 miles of trails and attracts more Kentucky’s longest continually running county fairs. on several levels – UofL (Division I), than 270,000 visitors annually from the Bellarmine (D-II) and Spalding (D-III). U.S. and abroad. Three Southern Indiana counties offer Oregon, Tennessee and Virginia competing Sports travel booming smaller forests and two state parks less in the South Regional. The games attracted Schmitt said the Sports Commission last than an hour away from Louisville. sellout crowds of more than 22,000 even year booked 140,000 room nights for future Once a largely undeveloped portion of though there were no local teams – UofL years and the events the organization helps the 15,000-acre Indiana Army Ammunition having being sent to an East Regional pod attract and host generate an average of about plant, Charlestown State Park is located 8 in Des Moines, Iowa, and the University of $40 million per year. miles east of I-65, on State Road 62. With Kentucky men advancing to the Midwest “The sports travel market segment is scenic vistas of the Fourteen Mile Creek Regional in Kansas City. Louisville Tourism very healthy and growing, and Louisville valley and the Ohio River, the park has officials estimated the economic impact has been an overachiever in exceeding rugged hills and deep ravines. of the men’s and women’s tournaments at national market growth,” Schmitt said, Hikers will see Devonian fossil $20 million. adding that the city’s popularity stems outcrops and areas of karst sinkhole “Basketball is so meaningful to our from its central location within 60% of topography. community that to have all that rolled the U.S. population, inexpensive hotel Other recreational opportunities in the into one season is very special,” said rooms, great restaurants, good sporting region include the 24,000-acre Harrison- Karl Schmitt, president and CEO of the attractions and a reputation as an Crawford State Forest near Corydon, Louisville Sports Commission. excellent host. Ind., and the 24,000-acre Clark State The Division I basketball tournaments Besides its partnership with the Sports Forest that includes seven lakes and a are just one element on Louisville’s busy Commission, UofL benefits from strong shooting range. l annual sports calendar. relationships with local businesses for its March also included the Ultra Ankle athletics programs. Bluegrass Volleyball Tournament that UPS this year committed $5 million to drew 10,000 athletes and fans at the the athletics department for establishment Kentucky Exposition Center; the Cheer of the UPS Leadership Academy. Derby Louisville Nationals; the National Also this year, the Cardinals’ basketball Archery in Schools Kentucky State practice and training facility on campus Tournament with 700 teams competing; was renamed the Planet Fitness-Kueber and the JamFest Louisville Nationals. Center in recognition of a $3 million Events scheduled for the remainder of donation by leading Planet Fitness the year include massive girls tournaments franchisees and Sun Tan City co-founders in volleyball and basketball, and smaller Rick and David Kueber. The money will tourneys in baseball, soccer, cross country, upgrade the 11-year-old facility, which field hockey and lacrosse, to name a few. was previously named the Yum! Center. And fans can see Hoopfest, the National Veterans Wheelchair Games, and the A focus on recreation for everyone Bluegrass World Series featuring baseball As for outdoor recreational enthusiasts
Hall of Famer Johnny Bench, plus numerous and fitness buffs, the crown jewel of & Convention Bureau photo Tourism Elizabethtown races including half marathons and 5Ks. Louisville area parks is The Parklands Freeman Lake Park in Elizabethtown has a 170- The Sports Commission partners with of Floyds Fork in the eastern and acr la or fishing oat an a a r ntals a pavilion, a playground and a tennis complex with Louisville Tourism and the three Derby southeastern part of the city. Still being 10 courts.
lanereport.com One Region, One Vision 59 JEFFERSON COUNTY, KY.
County Seat: Louisville The place that has it all Greg Fischer, mayor louisvilleky.gov NE of the “Top Cities Estimated 2019 population: to Visit in 2019” by 770,517 TripAdvisor; a “Top 10 OCity Where Manufacturing Is No. of households: 309,888 Thriving,” by Forbes; one of the “Top 5 Hip Cities,” according to Median household income: Jetsetter, and the list goes on. $52,237 Louisville earns its national Louisville Forward: accolades the old-fashioned Mary Ellen Wiederwohl, chief way: by government and civic louisvilleforward.com organizations communicating Metro Council: President David James, Jessica and working together for the Green, Barbara Shanklin, Keisha Dorsey, Barbara good of everyone. For the fifth Sexton Smith, Donna Purvis, Paula McCraney, year in a row, Louisville Forward Brandon Coan, Bill Hollander, Pat Mulvihill, Kevin was recognized by Site Selection Kramer, Rick Blackwell, Mark Fox, Cindi Fowler, magazine as a “Top Economic Kevin Triplett, Scott Reed, Markus Winkler, Marilyn Development Group.” Parker, Anthony Piagentini, Stuart Benson, Nicole Last November, Mayor Greg George, Robin Engel, James Peden, Madonna Fischer announced that Louisville Jefferson County is one of the top emerging markets in the Flood, David Yates, Brent Ackerson had once again been ranked a top United States. The metro area is progressive and affordable, full digital city in the country by the of diverse neighborhoods and housing options. Its job market is Center for Digital Government. expanding rapidly. Third, in fact, just behind Los Angeles and San Diego. Last year, the city made improvements in disaster security and business continuity, replaced the city’s primary work order and service request system, expanded WiFi hotspots and developed a plan to enhance residents’ access to technology. The Digital Inclusion Plan is an effort to eliminate the digital and economic divides in the community. The program focuses on improving connectivity, teaching digital skills to those who particularly need to use the internet to secure jobs, and providing hardware to residents in typically Greg Mary Ellen underserved neighborhoods. Fischer Wiederwohl As just one example of booming business in Jefferson County, Piston Automotive announced in April an investment of $1.5 million to expand its Louisville operation. The auto components supplier will install a new production line and create 50 more full-time jobs. For visitors and locals, there’s no shortage of attractions and events throughout the county, throughout the year. Tourist dollars have made possible close to 28,000 jobs in the hospitality industry.
BULLITT COUNTY, KY. CLARK COUNTY, IND. Sustainability, beauty and wildlife New business, thriving culture
ULLITT County Public Schools was one HE River Ridge Commerce Center of five Kentucky organizations to receive along the Ohio River in Jeffersonville the 2019 ENERGY STAR Award by the is getting a new tenant this summer, BEPA and U.S. Department of Energy. Last year, TDENSO Products and Services Americas the school system saved more than $930,000 (DPAM), which is part of DENSO Corp., an in energy costs. automotive supplier with global headquarters Additionally, Bernheim Arboretum in Japan and North American headquarters and Research Forest created a new staff in Southfield, Mich. DPAM is investing $9.5 position this year, director of conservation, million for the distribution facility in Clark as it celebrates its 90th anniversary. This County. spring, three “Forest Giants” were sculpted Jeffersonville’s arts and cultural district by Danish artist Thomas Danbo out of reclaimed wood and have “made for started 2019 with a new name, NoCo, due record-breaking attendance at the Forest here in Bullitt County,” said Troy to its location north of Court Avenue. NoCo is a 22-acre area of colorful Beam, executive director of Shepherdsville/Bullitt County Tourism. Tourism creativity and artistic expression for the entire community. For outdoor generated $96,657,551 in direct tourist spending and supported 1,732 jobs, enthusiasts, Clarksville is officially on the Lewis and Clark National Historic according to the latest report in 2017. Top attractions include Knobs State Trail, thanks to the trail’s 1,200-mile extension, completed in March, as part Forest and wildlife management area, and the six stops on the Bullitt County of the John D. Dingell Jr. Conservation Management and Recreation Act. Wine & Whiskey Trail (Jim Beam American Stillhouse, Four Roses Warehouse & Bottling and four wineries). Shepherdsville is the trailhead of the Kentucky County Seat: Bourbon Trail tour. Jeffersonville; Mike Moore, mayor; cityofjeff.net Estimated 2019 population: 117,360 No. of households: County Seat: Shepherdsville; Curtis Hockenbury, mayor; shepherdsville.net 43,657 Median household income: Estimated 2019 population: 81,069 $52,834 One Southern Indiana Chamber & Economic Development: No. of households: 29,014 Wendy Dant Chesser, president/CEO; 1si.org Median household income: $59,917 River Hills Economic Development Bullitt County Chamber of Commerce: District & Regional Planning Commission: Anita Stump, executive director; bullittchamber.org Jill Saegesser, executive director; riverhills.cc Bullitt County Economic Development Authority: Clark-Floyd Counties Convention & Tourism Bureau: John Snider, executive director; gobullittky.com Jim Epperson, executive director; GoSoIn.com Shepherdsville/Bullitt County Tourism: County Commissioners: Troy Beam, executive director; travelbullitt.org Jack Coffman, Connie Sellers, Bryan Glover; co.clark.in.us Judge-Executive: Jerry Summers; bullittcountyfc.com
60 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com FLOYD COUNTY, IND. HARDIN COUNTY, KY. Bicentennial celebration Quality of life and corporate growth
T the 31st annual “ONE Awards” in N March, Gov. Matt Bevin announced that April, local and regional businesses GossHall Systems will locate its corporate were recognized in six categories headquarters in Elizabethtown. The Aby One Southern Indiana. Sazerac Co., Iprovider of “last-mile delivery” services has one of the largest distilling companies in operations in Louisville and Lexington, and the country, was honored for its economic is investing $775,000 in the construction of a development impact. With a $66 million 10,000-s.f. corporate office in Hardin County, capital investment, Sazerac purchased and with the expectation of creating 20 jobs. renovated the vacant General Mills Pillsbury “GossHall Systems’ plans for a new corporate Plant in New Albany and has started two headquarters in Elizabethtown speaks to production lines. the city’s incredible quality of place and To celebrate Floyd County’s 200th skilled workforce,” newly elected Mayor Jeff anniversary in 2019, the Greenville Historic Preservation Commission Gregory said in a press release. The Elizabethtown-Hardin County Industrial organized bicentennial events in May, including a parade, the first in town for Foundation assisted in the site selection process. 30 years, and the dedication of a historical marker recognizing entrepreneur Elizabethtown has two new hotels off I-65. The Hilton Garden Inn John Baptiste Ford, who is credited with building the first commercial plate opened last fall on Commerce Drive and SpringHill Suites by Marriott opened glass operation in the U.S. in March on Executive Drive. Visitors and locals alike can take in a history museum, the Hardin County Veterans Tribute and outdoor activities at County Seat: Freeman Lake and nature parks. New Albany; Jeff Gahan, mayor; cityofnewalbany.com Estimated 2019 population: 77,781 County Seat: No. of households: 29,046 Elizabethtown; Jeff Gregory, mayor; elizabethtownky.org Median household income: $59,451 Estimated 2019 population: 110,356 One Southern Indiana Chamber & Economic Development: No. of households: 41,051 Wendy Dant Chesser, president/CEO; 1si.org Median household income: $51,923 River Hills Economic Development District Hardin County Chamber of Commerce: Brad Richardson, president; & Regional Planning Commission: hardinchamber.com Jill Saegesser, executive director; riverhills.cc Elizabethtown Hardin County Industrial Foundation: Clark-Floyd Counties Convention & Tourism Bureau: Jim Epperson, Richard Games, president/COO; eifky.com executive director; GoSoIn.com Elizabethtown Tourism and Convention Bureau: County Commissioners: Shawn Carruthers, John Schellenberger, Billy Janna Clark, executive director; touretown.com t art o co nt .in.go Judge-Executive: Harry L. Berry; hcky.org
HARRISON COUNTY, IND. HENRY COUNTY, KY. Historical and high tech Agricultural heritage
ARRISON County became a 1 Gigabyte hat do Kentucky and Vermont have Community in 2018 a year ahead of in common? A college degree in schedule, completing the high-speed sustainable agriculture, thanks to a Hinternet fiber backbone project that features 550 partnershipW between the Wendell Berry Center miles of high-speed cable throughout the county. in New Castle, Ky., and Sterling College in Historic downtown Corydon has seen Craftsbury Common, Vt. The college itself progress with Stellar Communities projects focuses on environmental stewardship, a bringing in additional market-rate apartments, subject near and dear to the heart of Kentucky as well as businesses and dining options. author Wendell Berry. Beginning with the fall Examples include the completion of the semester of 2019, students in the “Wendell 45-unit Corydon School Senior Lofts and Berry Farming Program of Sterling College” rehabilitation of the historic Emmett Beanblossom and JJ Bulleit buildings. B.A. curriculum will spend their junior At the Lanesville Business Park, eight miles east of Corydon, the J.C. Moag and senior years in Henry County for an intensive farming and educational glass fabrication corporation will soon relocate there from Jeffersonville. New experience. In addition to classroom space at the Berry Center, coursework infrastructure will be in place with the Lanesville Connector Road project. will take place on area farms as they learn about livestock herd management, For outdoor adventurists, there’s the 3-mile Indian Creek Trail from livestock ecology and topics of sustainable agriculture. downtown Corydon to the Hayswood Nature Reserve. For tourists who The program is tuition-free, thanks to a $2.5 million grant from New prefer virtual spelunking instead of visiting the 600 known caves in the York-based NoVo Foundation over five years, along with a $100,000 per year county, the Harrison County Discover Center in Corydon offers cave-crawling challenge match from the same organization. simulations, along with other interactive galleries and exhibits. County Seat: County Seat: New Castle; Bobby King, mayor; newcastleky.com Corydon; Eva North, town council president; townofcorydon.com Estimated 2019 population: 16,106 Estimated 2019 population: 40,350 No. of households: 6,104 No. of households: 14,693 Median household income: $50,787 Median household income: $53,897 Henry County Chamber of Commerce: Harrison County Chamber of Commerce: Lisa Long, president; Holly Kinderman, executive director; henrykychamber.com harrisonchamber.org Judge-Executive: John Logan Brent; henrycounty.ky.gov Harrison County Economic Development Corporation: Darrell Voelker, executive director; hcedcindiana.org Harrison County CVB: Jeremy Yackle, executive director; thisisindiana.org County Commissioners: Charlie Crawford, Kenny Saulman, Jim Heitkemper; harrisoncounty.in.gov lanereport.com One Region, One Vision 61 CITY OF JEFFERSONTOWN, KY. Jobs, corporations do the talking Mayor: Bill Dieruf LONG I-64, between the inner jeffersontownky.com I-264 and outer I-265 belts Estimated 2019 population: of Louisville and Jefferson 27,997 ACounty Metro, the independent city of No. of households: Jeffersontown is all about jobs. Make 11,153 that JOBS: Jeffersontown Occupation Business Savings. The program allows Median household income: the city council to approve incentives $66,556 equal to 50% of the occupational tax that The Chamber Jeffersontown: a project generates, for a period of years. John Cosby, president Five companies have taken advantage jtownchamber.com of the JOBS program in the last year: Jeffersontown Economic Development HB Molding, the Kleingers Group, KLM Authority: Mechanical Services, Mortenson Family Appriss recently expanded its headquarters and relocated Mike Kmetz, director Dental and Wilson Controls. There’s also the Jeffersontown Projects to Improve in Jeffersontown. The company provides services to Exteriors (PIE), a grant program for assist clients with safety, fraud risk and compliance issues business property owners to improve and has been headquartered in Jeffersontown since its the façade of their buildings and get inception in 1994 as the VINE company. reimbursed 25% for those expenditures, up to $5,000. As of May, the Jeffersontown Economic Development Authority, or JEDA, is seeking development proposals from the private sector for a JEDA-owned block off Gaslight Square District. “We’re hoping for a mixed use development, but will consider a boutique hotel, office or retail Bill Mike environment,” said Mike Kmetz, director of JEDA. “We want the development community to assist us in Dieruf Kmetz determining the highest and best use for the property.” The light industrial vacancy rate in Jeffersontown is 1.8% (an unheard-of low) and companies employ an average of 20 people. “With almost 1,800 registered businesses employing 38,000 people, we’re very diverse,” Kmetz said. The analytics company Appriss is headquartered in town, as are Papa John’s International, PharMerica Corp., Signature HealthCARE and Statewide Mortgage, among others. With a variety of industry sectors in the city, a comfortable transportation network for employers and employees, and excellent quality of life factors, Jeffersontown provides “a thoughtful and innovative work environment,” Kmetz said, “We bill ourselves as the largest diversified employment center in the Commonwealth of Kentucky.”
LOCATE YOUR COMPANY IN THE LARGEST BUSINESS CENTER IN KENTUCKY.
luegrass Commerce Park in the City of Jeffersontown is home to hundreds of Bbusinesses and offers a solid infrastructure of support services to benefi t companies located there. In fact, with close to 34,000 employees reporting to work there, Bluegrass Commerce Park is the largest diversifi ed employment center in Kentucky. For more than 40 years, this thriving business center has set the standard as an ideal location in the Louisville Metro market. Plus, the City of Jeffersontown’s JOBS tax incentive program makes locating there a smart fi nancial move for Jeff ersontown Economic Development Authority 10416 WattersonJefferson OccupationalTrail • Jeff ersontown, KY 40299 qualifying businesses. jeff ersontownky.govBusiness Savings • 502-261-9697 Contact us to fi nd out how to make Bluegrass J O B S Commerce Park your next business home. Bill Dieruf, Mayor Jeffersontown Occupational Business Savings Jeffersontown occupation business savings
Jeffersontown Occupational Lane Report_8.125x5.25.indd 1 Business Savings 3/14/17 2:52 PM MEADE COUNTY, KY. NELSON COUNTY, KY. ‘Nu’ construction Where the bourbon flows
n March, Gov. Matt Bevin and executives from ARDSTOWN is known as the “Bourbon Nucor Corp. announced one of the state’s Capital of the World” and is an official largest single investments to date, $1.35 billion trailhead of the Kentucky Bourbon Ifor a steel mill in Meade County by Charlotte, BTrail experience. Last November, Heaven N.C.-based Nucor. Nucor’s 1.5 million-s.f. facility Hill Distillery announced a multi-year $65 will start construction by the end of 2019 on million investment to expand production 900 acres in the Buttermilk Falls Industrial Park and renovate its visitor center. Established in in Brandenburg. With an anticipated opening 1935 by the Shapira family, who still owns of 2022, the steel plate manufacturing mill will and operates the company today, Heaven Hill create more than 400 full-time jobs at an average maintains over 1.5 million barrels aging in 57 of $45 an hour. warehouses throughout Nelson and Jefferson Monument Chemical opened a plant Counties. in Meade County in 1952. Headquartered in Indianapolis, the company The family-owned Preservation Distillery is Bardstown’s first official craft developed the Monument Brandenburg Community Partnership Initiative bourbon operation, producing small-batch, pot-distilled bourbon. One of the grant last year to award an annual $10,000 for a nonprofit program. The newest distilleries is Lux Row Distillers, with the capacity to produce three inaugural recipient was the Meade County Museum & Arts Council, which million gallons a year with its 43-foot copper still and six barrel warehouses. used the grant to install a roof on the amphitheater at Riverfront Park. Willett Distillery has been around since 1936; the oldest in the county is Visual art along the stone walls of Riverfront Park now have seven murals, Barton 1792 Distillery, founded in 1879. each depicting an aspect of life in Meade County. Meade County Tourism Tourists enjoy their bourbon with a bite at Bottle & Bond Kitchen and commissioned Kentucky artist Kevin Tipton to create the murals. Bar, an on-site restaurant at the Bardstown Bourbon Co. distillery, located on a 100-acre working farm. County Seat: Brandenburg; Ronnie Joyner, mayor; brandenburgky.org County Seat: Bardstown; Dick Heaton, mayor; cityofbardstown.org Estimated 2019 population: 28,715 Estimated 2019 population: 45,851 No. of households: 10,785 No. of households: 17,324 Median household income: $53,732 Median household income: $55,182 Meade County Chamber of Commerce: Bardstown-Nelson County Chamber of Commerce: Samantha Brady, Carole Logsdon, executive director; meadekychamber.org executive director; bardstownchamber.com Meade County-Brandenburg Economic Development: Nelson County Economic Development Agency: Kim Huston, president; mcbedky.org nceda.net Meade County Tourism: Judge-Executive: Dean Watts; nelsoncountyky.com Carole Logsdon, executive director; visitmeadecounty.org Bardstown-Nelson County Tourism & Convention Commission: Mike Judge-Executive: Gerry Lynn; meadeky.gov Mangeot, executive director; visitbardstown.com
OLDHAM COUNTY, KY. SCOTT COUNTY, IND. Tourism and hospitality prowess Open for business
HERE’S so much to do in Oldham half-hour north of Louisville is County and it is so close to Louisville, Scottsburg, Ind., home of the Mid- more hotel rooms are on the way to America Science Park. MASPark Taccommodate travelers. Holiday Inn Express Acomprises three centers for business: & Suites is scheduled for a July opening on incubation and acceleration, training and Commerce Parkway in La Grange. And the workforce development, and worldwide new owners of Best Western Ashbury Inn communications and conferences. The park are in the process of renovating. The county is particularly suited for businesses involved passed a “short-term rental” ordinance for with advanced manufacturing, green energy, home hospitality requiring a permit and life sciences, military applications and optical transient room tax just like hotels and B&Bs. technologies. Last fall, MASPark coordinated “By offering a one-payment option for all-things-Oldham when groups tours for 360 high school students to learn stay overnight in the county, Oldham Tourism develops complete group about careers in manufacturing. itineraries for groups of 20 or more with no additional up-charge for the In Scott County, 10 miles northeast of Scottsburg’s Main Street, the 740- service,” said Kim Buckler Hydes, tourism director. acre Hardy Lake offers fishing and water skiing for residents and tourists. Group itineraries often include in-county transportation, bourbon tours, On land, there are two campgrounds and plenty of hiking trails, including farm tours, shopping in La Grange and customized Underground Railroad Knobstone Trail. activities at the Oldham County History Center. County Seat: County Seat: Scottsburg; William Graham, mayor; cityofscottsburg.com La Grange; John Black, mayor; lagrangeky.net Estimated 2019 population: 23,878 Estimated 2019 population: 66,470 No. of households: 8,892 No. of households: 20,465 Median household income: $49,243 Median household income: $92,237 Greater Scott County Chamber of Commerce: Oldham Chamber & Economic Development: Kelly Dulaney, executive director; scottchamber.org David Bizianes, executive director; oldhamcountychamber.com Scott County Economic Development Corporation: Judge-Executive: David Voegele; oldhamcountyky.gov Anita Walker, executive director; scottcountyin.com Oldham KY Tourism & Conventions: River Hills Economic Development District Kim Buckler Hydes, executive director; touroldham.com & Regional Planning Commission: Jill Saegesser, executive director; riverhills.cc Scott County Visitors Commission: greatscottindiana.com
lanereport.com One Region, One Vision 63 SHELBY COUNTY, KY. SPENCER COUNTY, KY. World-class host Escape to nature
NOWN as the “American Saddlebred N 2019 the LG&E and KU Foundation Capital of the World,” Shelby County is awarded “Plant for the Planet” grants to 25 home to world-class equestrian events. It organizations statewide, including Friends Kalso houses the Presidential Mint Julep Cup at Iof Taylorsville Lake State Park, a nonprofit Wakefield-Scearce Galleries in Shelbyville and group of volunteers who work tirelessly to was designed by the gallery’s co-founder during protect the park and the natural wonders in Franklin Roosevelt’s administration. Old Stone and around the lake, like 24 miles of trails Inn & Tavern in Simpsonville is more than for hiking and horseback riding. The Friends 200 years old and now has a new owner and planted 15 trees throughout the camping area executive chef, David Danielson, who is also the of the park in the spring. executive chef at Churchill Downs. Taylorsville Lake is 18.5 miles long. Bourbon has been a draw in the county The annual Taylorsville Lake Paddle Battle, since the 2016 opening of Jeptha Creed Distillery, followed by Bulleit hosted by Taylorsville-Spencer County Tourist, Recreation & Convention Distilling Co. a year later. Bulleit’s 300-acre campus has a 52-foot still and Commission, has grown exponentially since it began in 2015. Now an event four barrel houses, each capable of holding 55,000 barrels, and a new visitor in the Kentucky Waterman Series, the June weekend features chip timing for center. To attract more groups and individual travelers, ShelbyKY Tourism those racing in canoes, kayaks and standup paddleboards. spreads the word nationally and recently received two Traverse Awards from the Kentucky Travel Industry Association Board. County Seat: Taylorsville; Matthew Douglas, mayor; taylorsville.ky.gov County Seat: Estimated 2019 population: 18,794 Shelbyville; David Eaton, mayor; shelbyvillekentucky.com No. of households: 6,678 Estimated 2019 population: 48,518 Median household income: $68,916 Number of households: 16,369 Spencer County-Taylorsville Chamber of Commerce: Median household income: $63,171 Stacey Koon, president; spencercountykychamber.com Shelby County Chamber of Commerce: Taylorsville-Spencer County Recreation, Belinda Nichols, president; shelbycountykychamber.com Tourist & Convention Commission: Judge-Executive: Dan Ison; shelbycountykentucky.com Stacey Koon, chair; visittaylorsville.com ShelbyKY Tourism & Visitors Bureau: Judge-Executive: John Riley; spencercountyky.gov Katie Fussenegger, executive director; visitshelbyky.com
TRIMBLE COUNTY, KY. WASHINGTON COUNTY, IND. Cultural celebration High speed
EDFORD blooms in the fall, especially OCATED 35 miles northwest of Louisville in September for the annual Trimble and 100 miles from Indianapolis, County Apple Festival. The weekend Washington County, Ind., has something Bevent is known far and wide, and takes Lfor everyone. Two venues in Salem bring in place at Courthouse Square with artisans auto racing fans, Thunder Valley Raceway and demonstrating their crafts, a quilt raffle, Salem Speedway, which opened in 1947. Off- live music, vendors galore and apple pie. track and off the beaten path, nature lovers Held since 1991, the festival raises much- enjoy hiking at Knobstone Trail and Lake needed funds for local schools and nonprofit Salinda, and fishing at Delaney Creek Park groups that exist for the betterment of and John Hay Lake. the community. Bedford Rotary Club was For history buffs, attractions include among the grant recipients from the 2018 event, as were the Trimble County Beck’s Mill Gristmill, Depot Railroad Museum, Elementary School’s art department, Trimble County Little League and John Jay Center, Pioneer Village, Piper Flight Museum, Salem’s Carnegie Trimble County Public Library. Library and Stevens Memorial Museum. Washington County is within 60 One of the smallest counties in Kentucky, Trimble County was formed out miles of a dozen major universities and medical facilities, including the of portions of Gallatin, Henry and Oldham counties in 1836. University of Louisville and Indiana University.
County Seat: County Seat: Salem; Troy Merry, mayor; cityofsalemin.com Bedford; Joe Robinson, mayor; trimblecounty.ky.gov Estimated 2019 population: 27,943 Estimated 2019 population: 8,515 No. of households: 10,570 No. of households: 3,603 Median household income: $46,861 Median household income: $50,998 Washington County Chamber of Commerce and Tourism: Judge-Executive: Todd Pollock; trimblecounty.ky.gov Tara Kritzer, executive director; washingtoncountychamber.org Washington County Economic Growth Partnership: Trimble County Apple Festival: trimbleapplefest.org Sabrina Burdine, executive director; www.wcegp.org River Hills Economic Development District & Regional Planning Commission: Jill Saegesser, executive director; riverhills.cc County Commissioners: Phillip Marshall, Todd Ewen, Rick Roberts; washingtoncounty.in.gov
64 The Lane Report’s Greater Louisville and Southern Indiana Market Review 2019 lanereport.com KENTUCKY’S WORKFORCE is changing
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KET’s new In Demand videos and resources explore Kentucky’s five high-demand industries, highlighting education and experience needed to get these jobs, average pay, work environment, and projected number of job openings over a five-year period.
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