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To See the Full Proposal on Why Greater Louisville

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To See the Full Proposal on Why Greater Louisville www.GreaterLouisville.com [email protected] TABLE OF CONTENTS GREATER LOUISVILLE REGIONAL OVERVIEW Snapshot Cost of Living Cost of Doing Business Population Drive Time Commuter Shed QUALITY OF LIFE The Arts The Outdoors Festivals & Events Neighborhoods Sports EDUCATION & TALENT Educational Attainment Workforce Readiness & Programs Colleges & Universities LEADING COMPANIES Major Manufacturers Major Employers WAGE DATA LOGISTICS OVERVIEW TAXES Kentucky Indiana INCENTIVES Kentucky Indiana DIRECTORY OF GLI’S TOP INVESTORS REGIONAL OVERVIEW SNAPSHOT OF GREATER LOUISVILLE ➢ 1.4 million people/715,000+ in labor force ➢ 58,000+ business establishments ➢ 48 business & industrial parks ➢ 3 Major Riverports ➢ 2 Megasites ➢ 8 Municipal airports including an International Airport ➢ 26 minutes average commute time COST OF LIVING: US AVERAGE = 100 MSA OVERALL GROCERY HOUSING UTILITIES TRANS. HEALTH CARE MISC. Louisville 93.8 91.5 79.0 94.7 97.9 105.2 103.6 Source: C2ER Cost of Living Index: 2019 Annual Average COST OF DOING BUSINESS: US AVERAGE = 100 MSA OVERALL LABOR ENERGY STATE & LOCAL TAX OFFICE RENT Louisville 90.1 100.9 92.3 86.1 64.6 Source: Moody’s North American Business Cost Review: 2019 REGIONAL POPULATION & DRIVE TIME POPULATION AVG. DRIVE TIME TO WORK AREA (2020 ESTIMATED) (MINUTES) Bullitt County, KY 82,285 27.3 Clark County, IN 118,604 23.2 Floyd County, IN 78,467 21.7 Harrison County, IN 40,751 28.3 Henry County, KY 16,291 29.5 Jefferson County, KY 773,683 22.6 Oldham County, KY 67,344 26.0 Scott County, IN 23,921 25.2 Shelby County, KY 49,766 24.3 Spencer County, KY 19,166 31.2 Trimble County, KY 8,432 27.3 Washington County, IN 27,989 29.9 12 COUNTY MSA 1,306,699 26.38 Hardin County, KY 111,681 21.6 Meade County, KY 28,875 29.8 Nelson County, KY 46,207 25.3 15 COUNTY REGION 1,493,462 26.21 Sources: Environics Analytics- Claritas 2020, DataUSA REGIONAL OVERVIEW COMMUTER SHED 621,340 People In The Regional Labor Force Live In The Louisville/Jefferson County MSA o 84.3% of those people live in and are employed in the MSA o 15.7% of those people live in the MSA but are employed outside o 523,804 internal jobs filled by residents o 97,536 external jobs filled by residents 655,340 People Are Employed In The Louisville/Jefferson County MSA o 79.9% of those people live in and are employed in the MSA o 20.1% of those people are employed in the MSA but live outside o 131,536 internal jobs filled by outside workers o 523,804 internal jobs filled by residents Net Job Inflow Is 27,537 Outside Employees Working In The Louisville/Jefferson County MSA 131,536 (internal jobs filled by outside workers) – 97,536 (external jobs filled by residents) = 34,000 net job inflow Of The 655,340 People Who Are Employed In The Louisville/Jefferson County MSA o 50.2% live less than 10 miles from work o 28.2% live 10 to 24 miles from work o 7.3% live 25 to 50 miles from work o 14.3% live greater than 50 miles from work METROPOLITAN/MICROPOLITAN STATES WHERE COUNTIES WHERE LOUISVILLE/ AREAS (CBSA) WHERE LOUISVILLE/ LOUISVILLE/JEFFERSON COUNTY JEFFERSON COUNTY MSA JEFFERSON COUNTY MSA MSA WORKERS LIVE: WORKERS LIVE: WORKERS LIVE: Louisville/Jefferson 523,804 84.3% Kentucky 497,118 80.% Jefferson County, KY 397,775 63.1% County, KY-IN Lexington-Fayette, KY 18,601 3.0% Indiana 115,476 18.6% Clark County, IN 42,081 6.8% Indianapolis-Carmel- 12,241 2.0% Ohio 2,380 0.4% Floyd County, IN 25,806 4.2% Anderson, IN Cincinnati, OH-KY-IN 10,427 1.7% Tennessee 1,256 0.2% Bullitt County, KY 15,753 2.5% Elizabethtown-Fort 5,577 0.9% Illinois 1,088 0.2% Fayette County, KY 14,229 2.3% Knox, KY Frankfort, KY 4,752 0.8% Georgia 368 0.1% Oldham County, KY 13,749 2.2% Bowling Green, KY 2,436 0.4% North Carolina 277 0.0% Shelby County, KY 12,486 2.0% Bardstown, KY 2,189 0.4% Michigan 272 0.0% Harrison County, IN 8,259 1.3% Seymour, IN 2,085 0.3% Virginia 253 0.0% Marion County, IN 7,206 1.2% Evansville, IN-KY 1,744 0.3% Florida 244 0.0% Scott County, IN 5,363 0.9% All Other Locations 37,484 6.0% All Other Locations 2,608 0.4% All Other Locations 84,633 13.6% Source: U.S. Census Bureau. 2019. OnTheMap Application and LEHD Origin-Destination Employment Statistics (2002-2017). QUALITY OF LIFE A LIFE YOU LOVE People are friendly and compassionate, commutes are short, leadership is accessible, and our quality of life is second to none. Louisville, once a hidden secret, is now known as one of the top emerging markets. The word is out, and people and businesses are taking notice and making the move to Lou. THE ARTS Greater Louisville is known for its rich diversity of traditional and not- so-traditional cultural activities. In fact, Louisville is one of the few U.S. cities with all five major performance arts, and offers a wide variety of festivals involving music, art, and cultural activities throughout the region. THE OUTDOORS With 173 parks, Greater Louisville maintains over 56,000 acres of park land, A TOP including a large Waterfront Park and Walking Bridge that connects Downtown Louisville with Southern Indiana. The region offers lake-life, unique music venues, and one of the largest caverns in the United States – Louisville Mega Cavern, which is home to a one-of-a-kind underground bike park. FESTIVALS & EVENTS 10 Hundreds of festivals and events are hosted every year throughout the region. FOOD CITY One of the largest being the Kentucky Derby Festival, which is a month-long festival, offering more than 70 events. Louisville is also becoming known for its - National Geographic music scene – hosting Forecastle, Bourbon & Beyond, Louder Than Life, and Hometown Rising, which in total attract over 200,000 people to the region. NEIGHBORHOODS Throughout the 15 counties, SPORTS rd you’ll find cities and Louisville is home to the greatest two Most Affordable neighborhoods with distinctive minutes in sports – the Kentucky qualities that offer a diverse Derby, as well as the greatest of all Place to Live in range of settings, restaurants, time – Muhammad Ali. Our region the U.S. - night-life, and amenities - from enjoys college athletics, Triple-A Trulia.com urban and metropolitan to quaint baseball, a PGA-owned golf course, a and laid-back - to accommodate professional soccer team, and one of 3 any (and every) type of lifestyle. the nation’s greatest skate parks. EDUCATION & TALENT LOUISVILLE is home to a dynamic, diversified EDUCATIONAL ATTAINMENT economy. The 15-county Greater Louisville region has 2020 EST. % OF a population of 1.4 million, and draws workers from a DEGREE POPULATION POPULATION 26-county, bi-state area, providing an ample and AGE 25+ reliable source of educated and skilled Master’s Degree+ 113,731 11.05% Bachelor’s Degree 169,869 16.51% employees. And the public and private sectors are Associate Degree 89,675 8.72% collaborating to ensure that workforce quality Some College 234,519 22.79% continues to improve. The business community, local governments, and education providers are working toward a shared vision that focuses on people - tomorrow's workforce - as both the means to, and the ultimate beneficiaries of future economic growth. Innovative inclusion initiatives, transformational education attainment programs, and proactive talent attraction and retention measures are accelerating Louisville's progress in this area. Louisville is a regional magnet for talent. LABOR SUPPLY Talent Attraction Initiative Greater Louisville Inc. launched a talent attraction initiative in 2017 called liveinlou.com. This toolkit supports employers as they work to attract their own talent to Greater Louisville. It offers information on job opportunities, neighborhoods, recreation, education and much more. Live in Lou is also a marketing initiative to recruit 38,000 people to Greater Louisville to fill jobs, and enjoy the lifestyle of an urban-rural setting. Talent Pipeline Initiative Academies of Louisville is a partnership between our metro government, GLI, and the Jefferson County School System (JCPS) to inspire students to follow their passion for certain careers. The JCPS high schools offer career pathway guidance and project-based learning while students earn dual credit, and other credentials improving their college and career readiness. College Outreach In addition to marketing and pipeline strategies, GLI works closely with the regional universities and training programs to identify job opportunities of the future, and collaborate with the universities to retain college graduates. Our regional universities have an average of about 81% retention after graduation, and we want to continue that trajectory in keeping talent in greater Louisville. The following is a list of opportunity examples that enhance the region’s ability to support workforce, education, and training interests: WORKFORCE READINESS & JOB PLACEMENT PROGRAMS: ➢ Conexus Indiana ➢ Kentucky Manufacturing Career Center ➢ Elizabethtown/Hardin County Industrial ➢ Power of Work Foundation Training Consortium ➢ Kentucky Health Career Center ➢ Harrison County Lifelong Learning, Inc. ➢ KentuckianaWorks ➢ WorkOne Southern Indiana TRAINING & CONTINUED LEARNING: ➢ Code Louisville ➢ UL’s Additive Manufacturing Competency ➢ Ivy Tech Community College Apprenticeship Center (AMCC) Programs ➢ Software Guild ➢ Mid-America Science Park ➢ UPS’ Metropolitan College ➢ Software Guild ➢ University of Southern Indiana Applied Engineering Center EDUCATION & TALENT YOUTH EXPERIENTIAL LEARNING: ➢ Junior Achievement (JA) Company Program ➢ The Kentucky Federation for Advanced ➢ Mayor’s SummerWorks Manufacturing Education (KY
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