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October 2019 | Volume Xxvii, Issue X

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October 2019 | Volume Xxvii, Issue X BUSINESS FOCUS \\\ OFFICIAL PUBLICATION OF COMMERCE LEXINGTON INC. | OCTOBER 2019 | VOLUME XXVII, ISSUE X Learn More About the Commonwealth We Call Home! Join Us On The Kentucky Regional Tour to Northern KY November 7-8 INSIDE THIS ISSUE: Register Now for 2020 Leadership Visit to Austin, Texas! UK Gatton College Hosts Next Business Link on October 22 SPOTLIGHT Series Features Panel of Bourbon Book Authors www.CommerceLexington.com Recap of TEE IT UP! Golf Event BUSINESS FOCUS October 2019: Volume XXVII, Issue X INSIDE THIS ISSUE ECONOMIC DEVELOPMENT: Association of Chamber of Commerce Executives 4-6 Faneuil to Create 450 Jobs With Lexington Call Center 2016 Chamber CLX Hosts U.S. Department of Commerce Delegation of the Year Secat Celebrates 20 Years in Lexington CLX E.D. Team Attends TrustBelt Conference Business Focus is published once a month for STAT : Lexington Top 10 for NIH Awards & Funding a total of 12 issues per year by Commerce Lex - ington Inc., 330 East Main Street, Suite 100, Lex - ington, KY 40507. Phone: (859) 226-1600. EVENTS: 2019 Chair of the Board: Ky. Regional Tour to Explore Northern KY/Cincinnati Jeff Koonce, Market President 7-14 WesBanco Bank @330: Learn the “Knows” and “No’s” of Social Media UK Gatton College Hosts Business Link on Oct. 22 Publisher: Leadership Visit Heads to Austin, Texas in 2020 Robert L. Quick, CCE, President & CEO SPOTLIGHT Features Panel of Bourbon Book Authors Commerce Lexington Inc. Recap & Photos from 2019 TEE IT UP! Golf Scramble Editor: Mark E. Turner Communications Specialist: Liz Bennett Printing: Post Printing Mail Service: SouthEast Printing & Mailing CONNECT: Service, LLC (2610 Palumbo Drive) 15-19 BOAB Enrollment Event Slated for November 6th Leadership Central KY Begins 20th Year of Program Subscriptions are available for $12 and are in - New Leadership Lexington Youth Program Underway cluded as a direct benefit of Commerce Lexing - ton Inc. membership. Business Focus (USPS Leadership Lexington Explores City’s Rich History 012-337) periodical postage paid at Lexington, AMBASSADOR SPOTLIGHT: Alex Bell, TravelHost Kentucky. Welcome New Commerce Lexington Inc. Members Member Personnel Announcements & Awards POSTMASTER : Send address corrections to Business Focus, Commerce Lexington Inc., P.O. Box 1968, Lexington, KY 40588-1968. Display Rates For DISPLAY RATES in Business Focus, con - tact Dana Zinger at (859) 226-1607 or [email protected], and an Commerce Lexington Inc. Hires New Controller account executive will contact you . Commerce Lexington Inc. recently named Angie Milton as its new controller. Angie is a Lexington native and a graduate Personnel Updates Submit your company’s awards and mile - of the University of Kentucky. She previously worked at dor - stones or personnel changes and additions to makaba USA and brings over 20 years of accounting experi - [email protected]. Person - ence to the Commerce Lexington Inc. team. She will be nel news might include promotions, additions, responsible for preparing financial statements for the organ - awards and milestones, recognitions and cer - ization, assembling the budget, coordinating the annual tifications and/or appointments. Information audit and Form 990 review, and managing staff payroll and is published only as space permits. health insurance. Contact Angie Milton at (859) 226-1613 or [email protected] . ANGIE MILTON On the Cover: Photo of the Covington, Kentucky waterfront from www.covingtonky.gov. 2 BUSINESS FOCUS OCTOBER 2019 ECONOMIC DEVELOPMENT /// A C OLLABORATIVE EFFORT OF THE BLUEGRASS BUSINESS DEVELOPMENT PARTNERSHIP (BBDP) SUBMITTED BY CLX E CONOMIC DEVELOPMENT DIVISION : G INA GREATHOUSE , H ANNAH CRUMRINE & R YAN KAFFENBERGER Faneuil to Create 450 Jobs With Customer Service Call Center in Lexington Kentucky Governor Matt Bevin announced Faneuil Inc., a national “Commerce Lexington Inc. is excited to welcome Faneuil to our com - customer service outsourcing company, plans to establish a new call munity as a new corporate citizen,” said Bob Quick, president and CEO center in Lexington, creating 450 full-time jobs over the next two-and-a- of Commerce Lexington Inc.. “Lexington’s strong business and profes - half years. Company leaders plan to lease a building at 1500 Aristides sional services industry and low cost of doing business were key com - Boulevard in Lexington. They aim to steadily increase recruiting to em - ponents to Faneuil’s decision to locate in our city. We look forward to ploy approximately 200 people this year, potentially growing to 450 by building our relationship with Faneuil as they establish operations in the close of 2021. Lexington.” Commerce Lexington Inc. Hosts Delegation From U.S. Department of Commerce In mid-September, Commerce Lexington Inc. hosted a delegation of commercial officers from different U.S. Em - bassies in Asia, along with U.S. Department of Com - merce officials, to discuss and strengthen our ties with Taiwan, India, and Indonesia through exports and foreign direct investment. We are excited to continue to build on this partnership with our federal officials. CLX Economic Development Team Attends TrustBelt Conference In August, the Commerce Lexington Inc. Economic Development team attended the TrustBelt conference in Louisville. TrustBelt is the only event of its kind focused exclusively on the redevelopment of the former U.S. Rust Belt. This conference brings together corporations, site selec - tion consultants, and economic development agencies. It gives our team the opportunity for professional development and networking with consultants and decision makers. Secat Celebrates 20 Years in Lexington In late August, Secat celebrated its 20th anniversary in Lexington. Secat is a metallurgical research laboratory specializing in aluminum technology. They assist companies with materials testing, failure analysis, alloy devel - opment, and the enhancement of processes and properties. Secat also provides services related to new product development, energy assess - ment, and marketing and business analysis. They are a public-private part - nership organization with people from academia and the private sector sitting on their board and working with their organization. Congratulations Peter Zeihan addresses delegates at the fifth annual TrustBelt Corporates on 20 years in Lexington! & Consultants Forum in Louisville, Kentucky. (Photo by Bobby Pereira) 4 BUSINESS FOCUS OCTOBER 2019 ECONOMIC DEVELOPMENT /// STAT OF THE MONTH | Lexington Among Top 10 for NIH Awards, Funding Every year, the National Institutes of Health 22nd and 21st respectively out of 86 mid-sized (NIH), the largest public funder of biomedical re - metros. search in the world at $32 billion annually, pub - For more economic information about Lex - lishes a catalog of their investments on the ington, visit the Commerce Lexington Eco - Department of Health and Human Services’ Re - nomic Development blog on-line at search Portfolio Online Reporting Tools. NIH http://news.locateinlexington.com . funding leads to medical breakthroughs that help people live longer and healthier lives. It also fuels economic development through financing tech - nology-driven, small businesses with innovative products and services that create jobs and further By The Numbers: investment. In 2019, Commerce Lexington’s Eco - nomic Development Division has re - According to NIH data, Lexington sponded to calls from: ranks as a top-10 mid-sized metro for NIH awards & total funding per capita. New Business: 61 new prospects inter - ested in finding a new location or ex - Out of the 261 metros that received NIH sup - panding. port, Lexington ranks 23rd with six awards and Existing Clients & Local Entrepreneur - 25th with $2,671,280 per 10,000 people. Among ial Companies: 31 companies with po - mid-sized metros with populations from 500,000 tential expansions. to three million, Lexington ranks fourth in awards and eighth in funding per 10,000 people, despite Client Visits: 22 being the smallest member of the cohort. In total, Existing Business Visits: 116 the Lexington metro received 315 NIH awards and $138,024,223 in support, ranking the metro 6 BUSINESS FOCUS OCTOBER 2019 \\\ EVENTS: KENTUCKY REGIONAL TOUR THURSDAY & F RIDAY , N OVEMBER 7-8, 2019 2019 Kentucky Regional Tour to Explore Northern KY & Cincinnati Area You are invited to join Commerce Lexington Inc. for PRESENTED BY the 11th annual Kentucky Re - gional Tour presented by UK HealthCare on November 7- 8, 2019 to the Northern Ken - tucky/Cincinnati region. The delegation will be staying at the Hotel Covington in the heart of Covington’s down - town core and a short walk PLATINUM SPONSORS from Braxton Brewery, Main Strasse and the riverfront. During the two-day visit, Photo from www.covingtonky.gov more than 50 Lexington area business, community, education and government leaders will act as ambassadors on behalf of the TO REGISTER: Central Kentucky region. Since 2009, the goal of this The cost to participate in this two-day bus tour to trip has been for Lexington leaders to engage with Northern Kentucky is $699 per person, which in - their peers in other parts of the Commonwealth, and cludes accommodations, and meals as outlined on hear about the region’s success stories in key policy the agenda. For more information or to register, areas, learn about common issues and challenges, visit www.commercelexington.com/kentucky-re - discover collaboration opportunities, and build re - gional-tour.html . lationships with attendees and others
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