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March 2021 | Volume Xxix, Issue Iii

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March 2021 | Volume Xxix, Issue Iii BUSINESS FOCUS \\\ OFFICIAL PUBLICATION OF COMMERCE LEXINGTON INC. | MARCH 2021 | VOLUME XXIX, ISSUE III Full Day of Professional Development Dynamic Keynotes Panel Discussions OPENING KEYNOTE: Denise Hamilton TUESDAY, MARCH 9th KEYNOTE SPEAKER: Justin Patton www.EmergeLexington.com INSIDE THIS ISSUE: Legislative Session Update @330 Series Presents “Mindset” Over Matter in Difficult Situations Winner’s Circle Campaign Concludes Member Mixers Help You Make Valuable Connections www.CommerceLexington.com BUSINESS FOCUS March 2021: Volume XXIX, Issue III INSIDE THIS ISSUE: ECONOMIC DEVELOPMENT: Association of Chamber of Commerce Executives 4 CLX E.D. Team Tours UK’s Cornerstone Project 2016 Chamber STAT OF THE MONTH: Unemployment Rates of the Year Business Focus is published once a month for PUBLIC POLICY: a total of 12 issues per year by Commerce Lex- 5-6 Central KY Legislative Day Provides Issue Updates ington Inc., 330 East Main Street, Suite 100, Lexington, KY 40507. Phone: (859) 226-1600. 2021 Kentucky Legislative Session Update 2021 Chair of the Board: Ray Daniels, President EVENTS: Equity Solutions Group Winner’s Circle Campaign Recap 8-11 Publisher: Schedule is Set for 2021 EMERGE on March 9th Robert L. Quick, CCE, President & CEO @330: “Mindset” Over Matter in Difficult Situations Commerce Lexington Inc. Emerging Leaders of the BG: March Lex Leader Talk Editor: Mark E. Turner Melia Realty Group Presents Upcoming Member Mixers Communications Specialist: Liz Bennett Printing: Post Printing Mail Service: SouthEast Printing & Mailing CONNECT: Service, LLC (2610 Palumbo Drive) 12-15 Leadership Central KY Studies Fayette County Issues Subscriptions are available for $12 and are in- Leadership Lexington Health & Human Services Day cluded as a direct benefit of Commerce Lexing- AMBASSADOR SPOTLIGHT: Luca Setti ton Inc. membership. Business Focus (USPS Welcome New Commerce Lexington Inc. Members 012-337) periodical postage paid at Lexington, Kentucky. Member Personnel Announcements POSTMASTER: Send address corrections to Business Focus, Commerce Lexington Inc., P.O. Box 1968, Lexington, KY 40588-1968. Bob Quick Marks 20 Years At Commerce Lex. Display Rates In February, Bob Quick cele- Over the years, Bob has been For DISPLAY RATES in Business Focus, con- brated 20 years as Commerce Lex- very involved in the Association of tact Kelly Bates at (859) 226-1612 or ington Inc.’s President and CEO. Chamber of Commerce Executives [email protected], and an ac- He arrived in Lexington in 2001 to (ACCE), our industry association. count executive will contact you. lead the Chamber after serving as In 2009, he was one of 34 chamber President and CEO of the Metro- leaders selected for the politan Evansville (IN) Chamber of ACCE/Ford Foundation’s “Re- Personnel Updates Commerce. gional Sustainable Development” Submit your company’s awards and mile- Under Bob’s leadership, the or- initiative. He is also a past chair stones or personnel changes and additions to ganization has seen many positive of ACCE’s Certified Chamber Exec- [email protected]. Person- changes and outcomes, includ- BOB QUICK utive Commission and currently nel news might include promotions, additions, ing the 2004 merger of the PRESIDENT & CEO serves as board chair of ACCE’s awards and milestones, recognitions and cer- Greater Lexington Chamber of COMMERCE LEX. Benefit Trust. tifications and/or appointments. Information Commerce, Lexington United, During Bob’s time at Com- is published only as space permits. and the Lexington Partnership for Workforce merce Lexington, the organization has earned Development, which created the present-day many accolades, including a two-time Mac Commerce Lexington Inc. The merger re- Conway Award recipient for top economic de- sulted in more continuity and enhanced focus velopment agencies and ACCE’s 2016 Cham- in the areas of business, economic develop- ber of the Year Award in the large chamber ment, and workforce development. category. 2 BUSINESS FOCUS MARCH 2021 IN MY 24+ YEARS OF MANAGING AND DEVELOPING MULTI-FAMILY PROPERTIES, RGCM IS BY FAR THE MOST RESPONSIVE, COMPETENT LAW FIRM THAT I’VE EVER HIRED FOR A REAL ESTATE TRANSACTION. —Steve Sisson, RGCM Commercial Real Estate Client BUSINESS TRANSACTIONS rgcmlaw.com COMMERCIAL REAL ESTATE ESTATE PLANNING LITIGATION 326 South Broadway Lexington, KY 40508-2592 (859) 721.2100 ECONOMIC DEVELOPMENT /// SUBMITTED BY CLX ECONOMIC DEVELOPMENT DIVISION: GINA GREATHOUSE, CHERYL KLEVER & KATIE VANDEGRIFT Economic Development Team Tours University of Kentucky’s Cornerstone In January, the Economic Development team received an invitation to tour the University of Kentucky’s recently announced innovative campus-community partnership located at The Cornerstone, UK’s newest 26,000-square foot facility designed to foster community, creativity, technology, entrepreneurship and equitable economic development. The technology-rich space and esports facilities demonstrate how The Cornerstone will serve as the gateway to an emerging innovative district that will further link the university with the city of Lexington by allowing students, faculty, staff and the community to collaborate through a variety of programing. For years, our team has worked closely with UK’s Coldstream Park Campus to collaborate economic development opportunities in our region. We are optimistic to continue conversations and collectively foster business recruitment projects and retention among students in one of Lexington’s key target industries – the high-tech industry. Additionally, three nonprofits — collectively to be known University of Kentucky’s The Cornerstone (Photo by phebusphotography) as the Campus Community Connection — will focus on inequality, injustices and communities of color in Lexington. The Campus Community Connection plans to address three major community needs, including providing STAT OF THE MONTH: places for youth to express themselves, aiding those experiencing food insecurities and offering mentorship for Lexington’s Unemployment Rate youth. The Campus Community Connection will have an ongoing presence at The Cornerstone to facilitate Remains Among the Lowest in the Nation innovative programming as well as increased community Lexington’s unemployment rate continues to trend below state and national engagement with students and faculty. averages and is one of the lowest in the country compared to cities with For more information about community connections at populations over 300,000. According to the U.S. Bureau of Labor Statistics, The Cornerstone, please contact Amanda Royer at Lexington’s unemployment rate peaked in April of 2020 at 15.2%, but dropped [email protected] at the UK Center for Service- to 5.0% by the end of the year in December. Historically, Lexington’s Learning and Civic Engagement. unemployment rate is 1.3 percentage points lower than the national average and 1.6 percentage points lower than the Kentucky average. While the economy NOTE: Information from recent University of Kentucky press was significantly impacted by the pandemic in 2020, unemployment rates release. Full press release posted on-line at continue to trend downward which gives optimism for economic growth in 2021. https://uknow.uky.edu/campus-news/inaugural-cornerstone- community-innovation-partner-selected. By The Numbers: For 2021 year-to-date, Commerce Lexington’s Economic Development Division has re- 10 Unemployment Rates sponded to calls from: 8 New Business: 8 new prospects interested in 6 finding a new location or expanding in the Lexington area. 4 Client Visits to the Lexington Area: 0 2 Existing Business Visits: 13 Total Active Projects: 33 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Lexington, KY Kentucky National Average 4 BUSINESS FOCUS MARCH 2021 \\\ PUBLIC POLICY Central KY Legislative Day Features Issue Updates From State Leaders Since we couldn’t gather in Frankfort PRESENTED BY this year due to the pandemic, Com- merce Lexington Inc. hosted its annual Central Kentucky Legislative Day via Zoom on February 18. Presented by Charter Communications, the event en- abled participants to gain valuable in- sight and information from a variety of state legislators and administration of- PLATINUM SPONSOR: ficials, along with some issue-specific updates. Legislative leaders updated members about the state budget, Senate President Robert Stivers COVID-19 economic relief and liability protections, infrastructure investments including broadband, education and workers development funding and sup- port for the equine industry. Speakers included Senate President Robert GOLD SPONSOR: Stivers, House Speaker David Osborne, AT&T Senior Advisor to the Governor Rocky Adkins, Senate Appropriations and Rev- enue Chairman Chris McDaniel, State Representative Matt Koch (equine) and State Representative Sal Santoro (trans- portation). House Speaker David Osborne MARCH 2021 BUSINESS FOCUS 5 PUBLIC POLICY: LEGISLATIVE SESSION /// Historical Horse Wagering Legislation Passes Both House and Senate After a three-week recess period, state legislators returned to Frankfort annually in direct payroll benefits, and it contributes to higher purses and on February 2 for Part II of the 2021 30-day Regular Session of the Ken- a more competitive racing circuit in Kentucky. House leaders also com- tucky General Assembly. As anticipated, the General Assembly overrode mitted to reviewing how historical horse wagering is taxed and continuing gubernatorial vetoes. The Governor quickly filed a lawsuit in Franklin
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