Louisville Mayor Greg Fischer Wednesday unveiled his plans to focus the city’s economic development efforts on the lifelong wellness and aging care industries.

Fischer announced a new center to develop businesses that focus on elderly care in Nucleus, University of Louisville’s life sciences campus.

Mayor’s spokesperson Chris Poynter says the initiative is aimed at bringing jobs to Louisville.

“Early in January, Dharma Construction which builds nursing home facilities relocated their corporate headquarters from California to Louisville. The mayor wants to look at how can we attract more businesses, how can we grow local business, how can we also for example go after conventions and industry trade shows,” he says.

A new think tank funded by Signature Healthcare and Nucleus will also be housed at Nucleus’s headquarters on Market Street downtown.

In addition, Signature Healthcare and Nucleus will each contribute $1.5 million to an investment fund to assist innovation in the wellness and aging care industry.