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March 2020 | Volume Xxviii, Issue Iii

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March 2020 | Volume Xxviii, Issue Iii BUSINESS FOCUS \\\ OFFICIAL PUBLICATION OF COMMERCE LEXINGTON INC. | MARCH 2020 | VOLUME XXVIII, ISSUE III Join Us for Opportunity Exchange on March 19th [SEE PAGE 11] INSIDE THIS ISSUE: 2020 International Trip Features Imperial Russia September 3 - 11 Summer Youth Job Training Program Gearing Up for 2020 Legislative Session Update www.CommerceLexington.com BUSINESS FOCUS March 2020: Volume XXVIII, Issue III INSIDE THIS ISSUE ECONOMIC DEVELOPMENT: Association of Chamber of Commerce Executives 4 Fresh Bourbon Distilling Co. to Create 25 Jobs 2016 Chamber Richmond, Kentucky Economic Development Tour of the Year STAT: Attracting Talent for the Future of Business Business Focus is published once a month for a total of 12 issues per year by Commerce Lex- PUBLIC POLICY: ington Inc., 330 East Main Street, Suite 100, Lex- 6 Legislative Session Update: Lawmakers Focused on ington, KY 40507. Phone: (859) 226-1600. Crafting State Budget 2020 Chair of the Board: Ray Daniels, President Equity Solutions Group EVENTS: 8-13 @330 Series: Propel Your Business to the Next Level Publisher: Robert L. Quick, CCE, President & CEO Pella Windows & Doors Hosts Business Link April 22 Commerce Lexington Inc. Forcht Bank Presents EMERGE Conference March 4th Next Opportunity Exchange Event is March 19th Editor: Mark E. Turner 2020 International Trip Features Imperial Russia Communications Specialist: Liz Bennett Printing: Post Printing Austin Leadership Visit is May 11-13, 2020 Mail Service: SouthEast Printing & Mailing 2020 Annual Dinner Recap and Photos Service, LLC (2610 Palumbo Drive) Subscriptions are available for $12 and are in- cluded as a direct benefit of Commerce Lexing- CONNECT: ton Inc. membership. Business Focus (USPS 14-19 Leadership Development Program Recaps 012-337) periodical postage paid at Lexington, 2020-21 Leadership Youth Applications Available Soon Kentucky. AMBASSADOR SPOTLIGHT: Olivia Thomas, Class 101 POSTMASTER: Send address corrections to Member Personnel Announcements & Awards Business Focus, Commerce Lexington Inc., Welcome New Commerce Lexington Inc. Members P.O. Box 1968, Lexington, KY 40588-1968. Display Rates For DISPLAY RATES in Business Focus, con- tact Kelly Bates at (859) 226-1612 or WHAT 2 WATCH 4 [email protected], and an ac- count executive will contact you. Personnel Updates Submit your company’s awards and mile- Republic Bank Andover Location Forcht Bank Presents EMERGE stones or personnel changes and additions to [email protected]. Person- Hosts Opp. Exchange March 19th Conference on March 4th nel news might include promotions, additions, awards and milestones, recognitions and cer- tifications and/or appointments. Information is published only as space permits. On The Cover Cover photo of September 2019 Opportunity Registration Available for 2020 Distillery Heights Presents @330 Exchange by Mahan Multimedia. Leadership Visit to Austin Series on March 10th 2 BUSINESS FOCUS MARCH 2020 COMMERCE LEXINGTON INC. TOP INVESTORS 2020 COMMERCE LEXINGTON INC. DIAMOND INVESTORS Updated February 2020 A NiSource Company Baptist Health Central Bank & CHI Saint Joseph Columbia Gas of Community Trust Fifth Third Bank Forcht Bank Frost Brown Keeneland Lexington Trust Co. Health Kentucky Bank Mary-Alicha Tucker Ballinger Todd LLC Association William G. Sisson Luther Deaton Jr. Bruce Tassin Kimra Cole Larry Jones Weldon President & CEO Jonathan Miller Bill Thomason President/CEO Chairman, CEO, CHI Saint President & Chief Central Region City President Member-In-Charge President & CEO President & CEO Joseph Health Operating Officer President Lexington Office President, Saint Joseph Hospital Kentucky Kentucky Coal KU a PPL Company Lexington Clinic Lexington Industrial Lexington-Bluegrass Lexington-Fayette Lexmark PNC Bank American Water Association David Freibert Dr. Andrew Foundation Association of Urban County International, Inc. John Gohmann Nick Rowe Tyler White Vice President, Henderson Robert Trimble Realtors Government Allen Waugerman Regional President - SVP American President External Affairs CEO Dir., Distribution Greg Buchanan Linda Gorton Chairman, Presi- Lexington Market Water/President LG&E-KU Energy Operations President Mayor dent & CEO KY-American Water LG&E-KU Energy Stites & Harbison, Stoll Keenon Toyota Motor UK HealthCare University of VisitLEX WesBanco Bank Windstream Com- Wyatt, Tarrant & PLLC Ogden, PLLC Manufacturing, Dr. Mark F. Newman Kentucky Mary Quinn Ramer Jeff Koonce munications Combs, LLP Cassidy Rosenthal P. Douglas Barr Kentucky, Inc. Executive VP for Dr. Eli Capilouto President Market President Barry Bishop Craig Robertson Office Executive Managing Director Susan Elkington Health Affairs President VP-Operations Partner-in-Charge Member President Lexington Office DIAMOND INVESTORS: Commerce Lexington Inc. recognizes member businesses investing $20,000 or greater annually in combined activities as Diamond Level Investors. This includes Commerce Lexington Inc.’s Full Stride economic development campaign, membership dues, and event and publication sponsorships. MARCH 2020 BUSINESS FOCUS 3 ECONOMIC DEVELOPMENT /// A COLLABORATIVE EFFORT OF THE BLUEGRASS BUSINESS DEVELOPMENT PARTNERSHIP (BBDP) SUBMITTED BY CLX ECONOMIC DEVELOPMENT DIVISION: GINA GREATHOUSE, RYAN KAFFENBERGER, CHERYL KLEVER & KATIE VANDEGRIFT Richmond, Ky. Economic Development Tour The economic development team vis- ited the Richmond Industrial Develop- ment Corporation in Madison County. The team spent the day learning about the city’s demographics and population, touring Richmond’s Industrial Parks, viewing industrial sites and buildings and learning about creative and sustain- able projects to encourage expansions and job retention. Commerce Lexing- ton Inc. is a regional economic develop- ment team, and we visit a different community partner each quarter. STAT: Attracting Talent for the Future of Business Tia and Sean Edwards (CLX Staff Photo). “The value of a business is a function of how well the financial capital and the intellectual capital are managed by the human capital. You'd better get the human capital part right.” Fresh Bourbon Distilling – David Bookbinder, The New ROI: Return on Individuals High quality talent is essential to every Co. to Create 25 Jobs business’s success and continued growth. African American owned Fresh Bourbon Distilling Named the “Athens of the West” centuries Co. announced its plans to construct a new distillery ago, Lexington has remained a top destina- and create 25 new jobs in Lexington, Kentucky. tion for businesses to recruit a qualified Later this year, the company plans to construct a workforce. Due to the city’s relatively low cost 34,000-square foot distillery near Lexington’s Dis- of living, Lexington’s talent also comes with tillery District. Fresh Bourbon Distilling will officially a lower cost than in other larger communi- launch its line of spirits in late 2020. Congratula- ties. These facts have remained true through tions to Sean and Tia Edwards for all their hard work past periods of technological change and dis- and dedication towards bringing back the history of ruption which has helped Lexington busi- African Americans in the distilling industry. nesses endure, adapt, and thrive. With forward-thinking, local institutions like the University of Kentucky, Transylvania University, and the Bluegrass Community and Technical College, Lexington will con- By The Numbers: tinue to thrive in the midst of the “Fourth In- In 2020, Commerce Lexington’s Economic De- dustrial Revolution.” velopment Division has responded to calls According to the U.S. Census Bureau, Lex- from: ington ranked as the 12th most highly edu- cated city in terms of the percent of the New Business: 5 new prospects interested in working age population with at least a bach- finding a new location or expanding. elor’s degree. More impressively, Lexington Existing Clients & Local Entrepreneurial Com- ranked 11th in terms of the percent of the panies: 1 local company in expansion mode. working age population holding a graduate Client Visits: 9 or professional degree. In 2019, SmartAsset Existing Business Visits: 20 ranked the community 6th among Cities with Total Active Projects: 35 the Lowest Startup Costs, and the Brookings Institute ranked Lexington 4th on its list of top potential tech growth centers. 4 BUSINESS FOCUS MARCH 2020 \\\ WORKFORCE DEVELOPMENT Lexington Seeking to Fill Summer Youth Job Training Program Gearing Up Census Jobs for 2020 for 2020; Here’s How Your Business Can Help Lexington Social In a pilot partner- Services, in collabo- ship with Fayette ration with Partners County Public for Youth and Fayette Schools’ College and The 2020 Census counts every person living in County Public Career Readiness the United States and five U.S. territories—once, Schools, is gearing [CCR] Initiative, only once, and in the right place. This census is up for an expanded 2020 Summer Youth Job SYJTP will identify rising 10th, 11th, and 12th conducted every ten years by the U.S. Census Bu- Training Program [SYJTP]. About 300 Lexing- grade students. Youth workers will work part- reau, a nonpartisan government agency. The re- ton high school students are projected to par- time, up to a maximum of 20 hours per week, sults of the census determine your congressional ticipate in this year’s program. Through and will earn $10.10 per hour. The summer representation, as well as federal funding for states SYJTP, youth will gain work experience, de- Youth Job Training Program runs for six and communities.
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