economic development

Business
12:52 pm
Tue February 18, 2014

KentuckyOne Health Begins Layoffs

Credit KentuckyOne Health

KentuckyOne Health has begun cutting staff to make up the $218 million over the next 17  months its chief executive says is needed to make up a budget deficit.

KentuckyOne Health falls under Catholic Health Initiatives and was formed in 2012 to include Jewish Hospital and the St. Joseph Health System. In November 2012, University Hospital was added through a joint operating agreement—that was after Gov. Steve Beshear rejected a full merger.

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Local News
4:03 pm
Tue January 28, 2014

Jim Wood Resigns as CEO of the Louisville Convention and Visitors Bureau

Jim Wood
Credit Louisville Convention and Visitors Bureau

Jim Wood no longer leads the Louisville Convention and Visitors Bureau.

The bureau announced Tuesday that Wood's resignation was effective at a board meeting the same day. 

Wood has been the Convention and Visitors Bureau's president and chief executive  for 11 years; a search for his replacement begins immediately, the bureau said.

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Local News
6:44 am
Fri January 17, 2014

Bill Calls for Tracking Kentucky Economic Development Incentives

Credit File photo

A bill that would keep tabs on the money Kentucky gives out for economic development projects has cleared a House committee.

Kentucky spends about $1.4 billion each year on economic development incentives, with nearly half that amount going to “energy development” and the coal industry, according to the New York Times.

Democratic House Speaker Greg Stumbo says the state doesn’t have a way to track that money.

State Rep. Larry Clark's bill would create a public database of the incentives and list the number of jobs created and the return on the investments.

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Politics
11:29 pm
Tue January 7, 2014

Kentucky House, Senate Leaders React to Gov. Steve Beshear's State of the Commonwealth

Robert Stivers
Credit Rae Hodge/Kentucky Public Radio

FRANKFORT — Kentucky Gov. Steve Beshear gave his seventh State of the Commonwealth address on Tuesday, and leaders from both General Assembly chambers—and both parties—had quick reaction.

Senate President Robert Stivers voiced opposition to the governor's support of a statewide smoking ban, saying that although he does not smoke, he supports an individual's choice to do so.

Related: State of the Commonwealth: Beshear Says Kentucky's Momentum in Jeopardy

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Politics
10:00 am
Fri December 20, 2013

Kentucky's General Fund Expected to Grow 2.5 Percent Over Next 2 Fiscal Years

Credit File photo

A panel of nonpartisan economists reports that Kentucky’s General Fund is expected to grow by just over 2.5 percent over the next two fiscal years.

That'll bring in about half a billion dollars. But in next year's budget, half of that will likely go toward pension payments, inflation on medical care costs and paying down nearly $160 million of a structural budget deficit.

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Local News
7:00 am
Tue December 3, 2013

What Louisville Can Do To Compete For Innovation and Growth

Credit Creative Commons

Louisville’s new downtown restaurant Sidebar is packed with young professionals—new transplants—from all over the country. They're attending the monthly meet-up group New2Lou, which aims to welcome the recently-arrived to the city.

When I ask them why they came to Louisville I get similar answers: Humana, Ford Motor Company, the University of Louisville.

Work.

It’s why many people come to Louisville and it’s sometimes why people leave—for better opportunities or more money.

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Local News
1:46 pm
Fri November 8, 2013

What's With All the Hookah Lounges in Louisville?

Credit Shutterstock.com

It’s Friday night on Bardstown Road and Friend's Hookah Café is, quite literally, smoking.

A hookah bubbles, drawn by Dair Sharipov, a 22-year-old regular at Friends. He comes here because it’s a laid-back alternative to going out drinking.

“I don’t see anything new in bars," he says. "People getting into fights. It’s the same thing over and over.”

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Local News
6:34 am
Thu October 3, 2013

Greater Louisville Inc.'s CEO Addresses Layoffs in Open Letter

Craig Richard
Credit File photo

Greater Louisville Inc. is characterizing recent staff reductions as re-focusing on the organization's priorities—"economic development and outstanding member services"—and "not just a cost-cutting measure."

In an open letter, GLI CEO Craig Richard said the cuts—eight staff positions, not including a pair of recent resignations—wouldn't directly harm the organization's teams focused on economic development work for Louisville. He's also instituted a hiring freeze, a travel freeze, a "stringent" expense approval process and other measures.

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Arts and Humanities
9:48 am
Fri August 23, 2013

Guitar Emporium Likely to Reopen This Month

Credit Guitar Emporium

The store’s walls were mostly empty but for some signed pictures, and a few guitars. Those few guitars were of quality.

There was a Bourgeois Small Jumbo acoustic costing $3,400.  A Gibson Les Paul electric, a rare Martin electric. And while these instruments might excite guitar geeks, they’ll probably get more excited to learn where they hung: the Guitar Emporium.

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Education
2:45 pm
Wed August 14, 2013

Report: Louisville Improves Standing for College Degree-Holders (But We're Still Behind)

Credit Shutterstock.com

In the Louisville area, 25.4 percent of adults have a bachelor's degree—moving Louisville ahead of two peer cities in an annual progress report on educational attainment.

But even with that progress toward the city's top economic development goal, Louisville still ranks 14th out of 16. In last year's report, Louisville ranked last.

The KentuckianaWorks Human Capital Scorecard—released Wednesday—looked at Census data from 2009 to 2011.

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