OPINION: Louisville’s Economic Ascent: A Top U.S. Metro Poised for Growth in 2025
By John Hollenbach and Greg Oakley, Hollenbach Oakley Development and Horizon Commercial Realty It’s hard to believe that we’re nearing the end of 2024, but the new year on the horizon gives us the opportunity to reflect on the past year and look forward to what’s in store for the future here in Louisville, and […]
Kentucky is poised for economic growth and its water supply is a big reason why
By Quin Welch, Building Kentucky Kentucky’s abundant water supply is a critical asset as the Commonwealth continues to grow. High-quality water supports various industries such as agriculture, brewing/distilling, education, health care and manufacturing, and attracts significant investments in those industries and beyond. We wanted to hear from an economic development expert on what sets Kentucky […]
Kentucky ranks second for economic development in South Central region, eighth nationally
By Shayla Lohman, Building Kentucky Gov. Andy Beshear emphasized Kentucky’s ongoing economic success following Site Selection Magazine awarding the Commonwealth second in the South Central region in its newly released 2024 Prosperity Cup rankings. Kentucky is ranked eighth nationally this year and has maintained a top 10 position each year under the Beshear-Coleman administration. These […]
Multi-million dollar investment in water infrastructure to support economic development is coming to Bullitt County
By Lilli Dubler, Building Kentucky The business sector along I-65 South continues to grow. Expansion with bourbon distillers, BlueOval SK and supporting companies means there’s a need for additional water supply. Working with the water providers in Bullitt, Nelson, Meade and Hardin counties, Louisville Water is supporting this growth with infrastructure that will deliver millions […]
Shady Rays opens new corporate headquarters in Simpsonville Commons
By Quin Welch, Building Kentucky Hollenbach Oakley, a Louisville-based commercial real estate development firm, is pleased to welcome Shady Rays, a Kentucky-based company that manufactures high-quality sunglasses, as the firm’s first anchor tenant at Simpsonville Commons, a 140-acre “Class A” business park in Simpsonville, Kentucky that will consist of retail, distribution, logistics and advanced manufacturing. […]
Kentucky nonprofit pioneers international clean water effort; donation honoring Old National Bank victim to fuel further work
By Lilli Dubler, Building Kentucky An anonymous $500,000 donation made in honor of Tommy Elliott, who died during the mass shooting inside Old National Bank last April, will launch the expansion of Louisville-developed clean water technology that will transform health outcomes for millions of people around the world. WaterStep, a Louisville-based nonprofit whose mission is […]
Kentucky means business – how manufacturing drives the Commonwealth forward
By Walter Parker, Building Kentucky Kentucky is in one of its most economically prosperous eras ever, thanks in large part to the state’s broad and interconnected web of manufacturers who celebrate, create and invest in the Commonwealth. The Bluegrass state’s reputation for innovation and its business-welcoming environment have attracted dozens of industries to build and […]
UK named an Innovation and Economic Prosperity University by the Association of Public Land-grant Universities
By Lilli Dubler, Building Kentucky Photo by Mark Cornelison, UK Photo In recognition of its ongoing commitment to economic development, the University of Kentucky has been designated as an Innovation and Economic Prosperity (IEP) University by the Association of Public and Land-grant Universities (APLU). The national designation acknowledges public research universities working with both public […]
Growing the Bluegrass: Kentucky’s Small Business Tax Credit
By Walter Parker, Building Kentucky Your business could receive a tax credit of up to $25,000 per year. The catch? Just keep growing. The Kentucky Small Business Tax Credit (KSBTC) helps small businesses in nearly every industry across Kentucky grow and flourish. So far, Kentucky small businesses have saved $12.6 million through the KSBTC. One […]
La Grange City Council commits nearly $9 million to support Oldham Reserve development
By Lilli Dubler, Building Kentucky In a 7-1 vote, the La Grange City Council approved its half of the $17.7 million contribution to phases one and two of Oldham Reserve, a development by Hollenbach-Oakley. Funds from the city also include engineering fees for all five phases of the project. Development on Oldham Reserve’s 1,000-acre campus, […]
Gov. Beshear: Kentucky jumps to No. 1 in South Central Region for 2023 National Economic Development Rankings
By Quin Welch, Building Kentucky Gov. Andy Beshear highlighted Kentucky’s continued economic success as Site Selection magazine placed the Commonwealth at No. 1 in the South Central region of its newly released 2023 Prosperity Cup rankings, moving up two spots from last year’s third place position. Kentucky also placed in the top five nationally after ranking […]
MyXR Inc. to Locate Regional Headquarters at WKU Innovation Campus in Bowling Green, Create 60 Full-Time Jobs
By Jennifer Brislin, Building Kentucky MyXR Inc., an augmented reality and engagement software company, announced this month that it will locate its new regional headquarters at the Western Kentucky University Innovation Campus in Bowling Green, creating 60 full-time positions. “I want to welcome MyXR to the commonwealth and congratulate Warren County on landing this innovative […]
New ‘Supply Kentucky’ Initiative Ensures the Commonwealth’s Supply Chain Will Continue to Thrive
By the Kentucky Cabinet for Economic Development Kentucky is building on its record economic momentum and taking steps to ensure its manufacturing supply chain is more connected than ever. On March 6, Gov. Andy Beshear announced the “Supply Kentucky” initiative, a renewed effort to boost job growth, reduce operational costs and provide more security for […]
Buttigieg visits BlueOval SK site in Glendale
By Quin Welch, Building Kentucky Secretary of Transportation Pete Buttigieg visited Glendale’s BlueOval SK Battery Park site in March, and came away very impressed with what he saw happening in Kentucky. With production slated to begin in 2025, construction continues to move quickly on the site. Buttigieg — the former mayor of South Bend, Indiana […]
Kentucky Second Nationally in Economic Projects Per Capita, First in South Central Region
By Quin Welch, Building Kentucky Kentucky’s economy is booming, according to Site Selection Magazine’s new 2022 Governor’s Cup rankings. The Commonwealth placed second nationally in 2022 — up from ninth in 2021 — in economic projects per capita, trailing only Kansas. The Bluegrass State also placed second in the South Central region for overall qualifying […]