991-992:Layout 1 8/20/10 2:24 PM Page 991 LEXINGTON, KENTUCKY HORSE CAPITAL OF THE WORLD Published by $12 991-992:Layout 1 8/20/10 11:41 AM Page 992 2010 MRBG 1-17.qk:2004 Market Review 1-24.qk 8/20/10 11:44 AM Page 1 2010 MRBG 1-17.qk:2004 Market Review 1-24.qk 8/20/10 11:44 AM Page 2 2010 MRBG 1-17.qk:2004 Market Review 1-24.qk 8/20/10 11:44 AM Page 3 2010 MRBG 1-17.qk:2004 Market Review 1-24.qk 8/20/10 11:44 AM Page 4 2010 MRBG 1-17.qk:2004 Market Review 1-24.qk 8/20/10 11:44 AM Page 5 2010 MRBG 1-17.qk:2004 Market Review 1-24.qk 8/20/10 11:44 AM Page 6 COUNTY DATA Fayette County ........................................................130 Lexington Downtown Development Authority photo Development Downtown Lexington Anderson County..................................................132 Bourbon County ....................................................132 Boyle County ............................................................132 Clark County ............................................................132 Estill County................................................................132 Franklin County ......................................................132 Garrard County ......................................................132 Harrison County ....................................................132 Jessamine County ..................................................133 Lincoln County ........................................................133 Madison County ....................................................133 Table of Contents Mercer County ........................................................133 Nicholas County ....................................................133 Welcome ........................................................................10 Legal Services ..............................................................68 Powell County ..........................................................133 Horse Capital of the World ............................12 Financial Services........................................................76 Scott County ............................................................133 Alltech FEI Business & Real Estate Ser vices ....................82 Woodford County................................................133 World Equestrian Games ........................44 Education ........................................................................92 Sports..............................................................................134 Bluegrass Area Medical Services ........................................................96 History of the Kentucky Horse Park ......IBC Development District..................................50 Transportation..........................................................104 Commerce Lexington ..........................................51 Utilities ............................................................................108 Market Review of the Bluegr ass is Bluegrass Business Media ..............................................................................112 a community profile published annually Development Partnership........................52 Made in the Bluegrass ........................................118 by Lane Communications Group. Research, Technology Attractions ..................................................................122 & Commercialization....................................54 Arts & Culture ........................................................126 Cover Photo of Three Chimneys Farm Technology......................................................................64 Demographics ..........................................................131 Old Bradley Place Division by Marc Manning. Publisher Creative Director Chief Financial Officer LaneThe Report ED G. LANE JESSICA MERRIMAN STEVE ROHLFING, CPA Editorial Director Associate Publishers Pre-press & Printing MARK GREEN RICHARD J. KELLY PUBLISHERS PRINTING CO. DONNA HODSDON Market Review Editor Design & Production AMY OWENS Comptroller STONE ADVISORY ALMA KAJTAZOVIC Market Review of the Bluegrass is published annually by Lane Communications Group, local and state agencies, including Kentucky Employment Services Workforce under an exclusive agreement with the Bluegr ass Area Development District. For Development Cabinet, Kentucky Cabinet for Economic Development, the University information and advertising rates, contact Lane Communications Group, 201 East of Louisville Urban Studies Institute and the Univ ersity of Kentucky Center for Main Street, 14th Floor, Lexington, Kentucky, 40507, Voice: (859) 244-3500. Fax: (859) Business and Economic Research. All data are believed to be accurate and current, 244-3555. www.kybiz.com. but are not warranted by Lane Communications Group. © 2010 Lane Communications Group. All material in this publication is protected under applicable copyright laws. Reprinting or using any materials from the Market Review of the Bluegrass is prohibited without express wr itten consent by the publisher. Market Review of the Bluegrass is published by Lane Communications Group. Lane Communications Group is a member Data provided in the Market Review of the Bluegrass have been provided by many of the Alliance of Area Business Publications. 6 The Lane Repor t’s 2010-2011 Market Review of the Bluegr ass 2010 MRBG 1-17.qk:2004 Market Review 1-24.qk 8/20/10 11:44 AM Page 7 2010 MRBG 1-17.qk:2004 Market Review 1-24.qk 8/20/10 11:44 AM Page 8 2010 MRBG 1-17.qk:2004 Market Review 1-24.qk 8/20/10 11:44 AM Page 9 2010 MRBG 1-17.qk:2004 Market Review 1-24.qk 8/20/10 11:44 AM Page 10 WELCOME Kentucky Is Horse Heaven Horses play an impor tant role in our lives USEF photos BY JOHN LONG ANE Smiley’s Horse Heaven is the best racing novel ever written, and the title Japtly describes this place we call home. Sitting in my office at the Kentucky Horse Park looking out the window at two mares and their foals makes it easy to reflect on all we have: • America’s best racing. • Universities and colleges that teach every equine aspect imaginable. • The most beautiful land and farms anywhere. • Equine healthcare and research known the world over. • The Alltech FEI World Equestrian Games. • Keeneland and Fasig-Tipton. • Quarter Horses, Saddlebreds, Morgans, Friesians, Standardbreds, Arabians and our signature Thoroughbreds. Above: John Long is the CEO of United States Equestrian Federation All of this is within two miles of me. and chairman of the World Games Horses help define who we are as 2010 Foundation Board. Kentuckians. We farm for them. We insure them and even litigate over them. Right: John Long joins HRH Princess Haya Bint Al Hussein, president of We train them while they train us. We the Fédération Equestre have a state park just for them, and we Internationale, and John Nicholson, like to watch them and think maybe one executive director of the Kentucky Horse Park. day we’d like to ride one. Kentucky and horses belong in the same sentence because Kentucky is horse heaven. ● United States Equestrian Federation Board of Directors • President David O’Connor Bob Bell, Seabrook Island, S.C.; Myron Kraus; Laura Kraut, Middleburg, • Secretary Chrystine Tauber Sheri Benjamin; Linda Bibbler, Va.; Pete Kyle; Joseph Mattingley; • Treasurer Keith Bartz Woodside, Calif.; Robert Costello, William Moroney, Keedysville, Md.; • V.P. Admin. and Finance Judith Werner Southern Pines, N.C.; Archibald Cox, Shirley Nowak, Medina, Ohio; • V.P. FEI Affiliates Janine Malone Los Angeles, Calif.; Mary Anne Cronan, Ronald Rhodes, La Habra Heights, Calif.; • V.P. High Performance Armand Leone Louisville, Ky.; Ellen Di Bella, Parker, Colo.; Robert Ridland, Irvine, Calif.; • V.P. National Affiliates Bill Hughes Phillip Dutton; Andrew Ellis, Southern Fred Sarver, Carlisle, Ky.; Louise Serio, • USAE Trust Alan Balch Pines, N.C.; Lisa Gorretta, Chagrin Falls, Kennett Square, Penn.; Howard Simpson, • USET Foundation Jane Clark Ohio; Georgie Green, Morgan Mill, Texas; Lake Forest, Ill.; Geoff Teall, Wellington, Cecile Hetzel Dunn, Weirsdale, Fla.; Fla.; George Thornbury, Goshen, Ohio; Members S. Tucker Johnson, Hobe Sound, Fla.; Dr. C. Mike Tomlinson, Thousand Oaks, Dr. A. Kent Allen, Middleburg, Va.; Chris Kappler, Flemington, N.J.; Calif.; Lance Walters, Auburn, N.Y.; Kevin Baumgardner, Vashon, Wash.; Col. James Keathley, Woodbury, Tenn.; George Williams, Delaware, Ohio. 10 The Lane Repor t’s 2010-2011 Market Review of the Bluegr ass 2010 MRBG 1-17.qk:2004 Market Review 1-24.qk 8/20/10 11:44 AM Page 11 2010 MRBG 1-17.qk:2004 Market Review 1-24.qk 8/20/10 11:44 AM Page 12 HORSE CAPITAL OF THE WORLD AA KingdomKingdom forfor aa HorseHorse Horses are part of the rich fabric of the Bluegrass, also noted for healthcare, high tech and higher ed T no time in history has road work and other improvements. The Lexington deserved the title event is the latest chapter in the rich of “Horse Capital of the history of horses in the Bluegrass, which World” more so than now. for decades has been world famous for From Sept. 25 to Oct. 10, Thoroughbreds. In fact, Lexington is a A2010, the Kentucky Horse Park in sister city with Deauville, France; County Lexington will host the Alltech FEI World Kildare, Ireland; Shinhidaka, Japan; and Equestrian Games. Newmarket, England – areas that also The games are projected to have an share the tradition of Thoroughbred $167 million economic impact on the breeding and racing. state, and Lexington and the surrounding Throughout the Bluegrass, famous area have been gearing up for the Thoroughbreds and famous