By Kent Oyler, President & CEO of GLI
There is a reason we chose
innovation as the theme for GLI’s 2017 Annual Meeting -- we believe the status
quo is unsustainable. It’s time for us
to create a bigger vision for ourselves.
Healing the racial
divide that has so polarized parts of our city and our nation will take
commitment, perseverance and a whole lot of compassion. This divide, born out of cynicism, mistrust
and neglect, didn’t open up overnight, and it won’t be closed quickly. read more...
Welcome 2017 By: Kent Oyler, President & CEO of GLI With the Holidays behind us, many of us are making New Year’s resolutions to better ourselves (or better yet in the business world, preparing to execute well-conceived annual plans). As we celebrate our 20th year, GLI, the Metro Chamber of Commerce, sees tremendous opportunity in the year ahead, following on significant progress in 2016. First, a quick review of the highlights from Greater Louisville Inc.'s eventful 2016… read more...
We don’t claim 'mission accomplished' (hey, we are just getting started
however, real and tangible progress has been made at GLI over the past two
years. I'm proud of what we have collectively accomplished. read more...
The third wave is here in 2016 and we all need to be prepared to
respond both offensively and defensively. read more...
It is the right time for JCPS’ Board to take a more active
role in managing administrative salaries and to reallocate those tens of
millions of dollars per year to programs that directly benefit our children in
Horses, bourbon, healthcare, autos, global restaurant companies. What are we doing to
protect these industries, promote them and make it as easy as possible for them
to thrive here? The answer is simple: ‘not enough.’ read more...
Tax reform has long been a desire of the region’s business
community and GLI has been at the forefront of that push. read more...
While some may say
“crowdfunding” is simply begging for money over the Internet, it is actually an
environment for groups of people who share common interests to pool small
contributions of money to achieve their common financial goals. read more...
Kentucky has a strong history of protecting workers’ right
to organize. Yet over the last half century, the statutes that once protected
the Commonwealth’s labor force have devolved to protect just the small
number of union leaders that perpetuate a broken system. It is time for Right to Work legislation in
Kentucky. read more...
Mark Bertolini, Chairman and CEO of Aetna
, will serve as
the keynote speaker for the GLI Annual Meeting
on January 26. Bertolini will
discuss remaining regulatory hurdles, the future of the merged company,
healthcare landscape, and the company’s commitment to Louisville.
It's no secret that the workforce is changing... read more...
Best kept secret. This is a term often used to describe the Louisville Region... read more...
This tech article may scare the hell out of you. It should also excite and fascinate you, assuming you embrace innovation and are optimistic about the future. read more...
First, let me thank you for investing in GLI's mission to accelerate economic growth, job creation and business competitiveness in our region... read more...
Recently I participated in group discussion that included some of Louisville’s best known entrepreneurs, business and civic leaders. We gathered together to talk about what was working within our entrepreneurial ecosystem, what was lacking and most importantly, how to move the community forward. read more...
It’s time for our legislators to support bi-partisan efforts to expand the scope of expungements... read more...
It’s June, which means the reappearance of lightning bugs and summer interns.Yes interns, those perky young people full of energy and ambition who nervously settle into cubicles across the city... read more...
I spent yesterday cloistered at the Frazier with an impressive group of 50 education, business and government leaders including Mayor Fischer, JCPS Superintendent Donna Hargens, IUS Chancellor Ray Wallace and Hilliard Lyons CEO Jim Allen, amongst many others. read more...
GLI and Ford Motor Company have joined forces for the May Business at Breakfast event; this year’s theme highlights community leadership, companies and leaders who are investing in today and tomorrow. Ford President and CEO Mark Fields will serve as the keynote speaker for Greater Louisville Inc.’s Business at Breakfast event, which will take place at lunch to accommodate schedules. read more...
It’s cliché to point out that the more you put into an organization the more you will get out of it. But hey, we aren’t above dropping a cliché here and there. So here goes
; there is a lot to be gained by getting engaged with GLI. We have increased the ways for you to maximize your membership value while keeping the spotlight on accelerating economic growth, job creation and business competitiveness. read more...
That was the profound quote from former Kentucky Governor Paul Patton as he discussed Kentucky's urban-rural divide at the recent Leadership Louisville Best of Leadership Summit. Wow! We See You; Do You See Us? Those words should be a wake-up call for those of us in urban areas that have for years grumbled about the export of capital and political power to the rest of the state. read more...
Attorney General Jack Conway
got right to the point. Three points, actually, as he spoke before a packed house at the Olmsted as part of GLI’s Capitol Connection series. He laid out a speaking agenda that included his upcoming campaign for governor, his record as attorney general and “some of the challenges we face here in Kentucky.” read more...
Training. Learning. Skills development. Whatever term you use, these days it darn well better be at the core of your business strategy. Why? Well let’s start with most businesses’ favorite thing, their bottom line…
Steve Pearlstein, a famed economist and Washington Post business writer recently said, “one of the best ways to increase your business’ bottom line is the investment in the development of your employees’ skill sets, problem solving abilities, and creativity”. Insightful, though hardly profound. read more...
Last week I sent out a joint email with Mayor Fischer to our membership. The purpose was to highlight the fast-growing SummerWorks program which seeks seasonal employment for local 16-21 year old youth. While the response was positive, one return email got me thinking. It asked, as I might expect from our business-savvy constituents, "what's the payback for this", or as I read it, "show me the money".
OK, fair enough. If we are asking a business to spend somewhere in the $2500 range to employ a kid for the summer, the business has every right to ask WIFM - what's in it for me? read more...
To paraphrase a famous Robert Frost poem I read in 4th grade, “Two paths diverged in a wood and I selected the one less traveled, and that has made all the difference”. read more...
Sad thing is that every JCPS family has the opportunity to select the schools of their choice within their cluster, and surprisingly few take it. The time to for school selection is now; the open enrollment period, so to speak, is now until January 9th. A very high percentage of kids get their first or second choice, but another very high percentage do not bother to request a specific school; instead, they leave it up to some cranky computer in a dusty basement of the Van Hoose Education Center. That is sad because even when offered a meaningful semblance of influence over their children’s education, tens of thousands of parents never take it. Let’s change that!
Earlier this week I had the opportunity to regale my old entrepreneurial stories over lunch with a group of UofL entrepreneurial MBA students. Even better, GLI's new EnterpriseCorp VP Terry Gill joined me, though he did eat half my sandwich.
At this age, serving up decades of experience makes you feel, uh, seasoned. Yes, there is a good reason for that gray hair, and Terry and I each have the gray hair to back up our experience. But enough about us weathered old guys. read more...
So after one of the most contentious well publicized and important races in Kentucky history, the polls have closed, the ballots counted, and voters have spoken. And they chose Stephanie Horne, Lisa Wilner, Linda Duncan and Diane Porter.
Oh yeah, and Senator Mitch McConnell, John Yarmuth and Mayor Greg Fisher won their elections as well (the former a bit closer than the latter two).
With all due respect for our returning senior senator, in the Louisville Metro, some might say that the most important elections this cycle involved the JCPS School Board. And with a couple of new faces and a whole lot of new public awareness, meaningful progress on public education may now retake its rightful seat at the front of the policy bus. For too long transformational education change has seemed too difficult, too soon, too bold, too much… You get it, somehow beyond our imaginations
. So let’s get past the parochial thinking of the past and start thinking big, really big. Let's start believing that our new school board will see though the changes we need so that someday soon people will move to Louisville FOR its public schools. read more...
Each year, Leadership Louisville’s class of selected Bingham Fellows come together to explore and seek solutions for community problems. Established more than 20 years ago, the Bingham Fellows have more recently worked to attract and retain talent with an internship program now managed by Greater Louisville Inc. and helped form the Kentucky Indiana Exchange, a regional leadership coalition. It’s been proven that by shining a spotlight and focusing assets and attention on an issue, the Bingham Fellows can help develop necessary partnerships and encourage action.
This year, the Bingham Fellows agreed to tackle the multi-layered problems facing Louisville’s West End, identified more for its crime rate and economic decline in recent years. One of Louisville’s oldest collection of neighborhoods, West Louisville poses a unique blend of opportunities and challenges. It is home to 60,000 people, but continues to lag behind the rest of the city in median household income, education attainment and home ownership. read more...
Raising the minimum wage locally is not only outside the legal authority of the city, it is also harmful to the business climate of Metro Louisville. GLI or I are in no way for perpetuating low pay for workers in our community. In fact, the two issues are unconnected. We should start talking about how to help more people gain the skills they need to earn better pay...
True leadership is not just leading today; it’s also preparing leaders to lead tomorrow. So who will fill the voids when our community’s current cohort of iconic leaders eventually take their well-earned curtain calls? Have you taken the steps to help properly mold future leaders? read more...
In the fast lane, the 2014 joint leadership expedition to Charlotte is underway!
300+ business and community leaders from Kentucky’s largest cities (Louisville & Lexington) left Sunday to embark on a joint intercity visit to Charlotte, NC June 1-3. This joint expedition will encourage statewide thinking, breakthrough ideas, regional networking, and business collaboration…. and all though you might not be attending, you can still be a part of it all. read more...
I am thrilled, and I truly mean thrilled, to have been selected to lead your organization. I have been engaged as a GLI member and volunteer for at least 20 years, including 8 years of board service, countless committee meetings, and twice chairing the EnterpriseCorp. This is an organization that I deeply respect and care about. When GLI Board Chair, Kerry Stemler recruited me to interview for the CEO position I didn’t hesitate. When the Executive Committee offered me the job I agreed to step away from my own entrepreneurial businesses and work with you to advance all the businesses in the region. read more...
Leadership Czar Comes to Louisville to Give Back to Hometown
The #1 Leadership Thinker in the world is having a homecoming. Dr. Marshall Goldsmith, Louisville native turned bestselling author and leadership consultant to more than 150 major CEOs and their management teams, will be in Louisville on Friday, May 23rd at the KFC YUM! Center where he will share his insights and experience as part of an exciting half-day Leadership Seminar hosted by GLI and sponsored by Hilliard Lyons.
It’s been awhile since Dr. Goldsmith (www.MarshallGoldsmith.com) graduated from Valley High School. Since that time, he has been named the #1 Leadership Thinker in the World as recognized by the bi-annual Thinkers 50 ceremony sponsored by the Harvard Business Review. He is the million-selling author or editor of 34 books, including the New York Times and Wall Street Journal bestsellers, MOJO and What Got You Here Won't Get You There. read more...
According to EnterpriseCorp Director Tendai Charasika, a “Gazelle” is an early to second stage company with lots of momentum to move it forward or, in other words, it is not a large “Main Street elephant.” Charsika credited economist David Burch with coining the term but it would seem that everyone has a definition.
Mayor Fischer applauded this year’s selection of the EnterpriseCorp’s “Fast Dozen” with these words, “you are in one of the most exciting phases of growth where you’re moving so fast that you can either take off like rocket ship or die a terrible death.”
Local entrepreneur and EnterpriseCorp Chairman Kent Oyler quantified the concept by pointing out that the 10 year-old “Fast Dozen” program has honored 193 companies and 52 have been “Gazelles.”
All of the 2014 “Fast Dozen” companies were in the running for continued success as more than 200 members of the entrepreneurial community gathered at Glassworks to honor their ideas, innovations, and tenacity.
EnterpriseCorp, the division of GLI that specializes in developing the region’s fast-growth entrepreneurial sector, created the “Fast Dozen” and its annual “Fast Dozen” Showcase to celebrate12 of the region’s most innovative and up and coming companies as well as provide the opportunity to demonstrate and display their work. Networking with members of the local entrepreneurial community is also a plus.
The “Fast Dozen” is selected from the client bases of EnterpriseCorp which includes the Louisville region of the Kentucky Innovation Network, which is administered by EnterpriseCorp. These companies exemplify some of the best high growth creativity and diversity being developed in the region. read more...
New Training and Development Tier for Innovation & Invention Awards Gives Entrepreneurs Chance to Earn $100,000
Who knew that a baby bottle could be your ticket to the yellow brick road? Of course, we’re not talking about just any baby bottle. The Mix & Go baby bottle is the idea and invention of Frankfort-based LaShana Harris, a busy mother, attorney and entrepreneur. LaShana used her own harried experiences to inspire her to start her own company, Babylocity, and to develop a simple to use, multi-compartment product that mixes water and baby formula all in one bottle for anytime you need to feed.
LaShana’s desire to find a workable solution to a universal problem lead her to the Vogt Innovation & Invention Awards program, which provides funding and support for early stage manufacturing companies. Just this year, the Vogt Awards engaged in a little re-tooling of its own and added an accelerator program along with the $20,000 development grant awarded to each of four winners.
As a 2013 Vogt Award recipent, LaShana participated in the Launchit-powered by Nucleus 10-week Lean Start-Up training course, which helped her validate and improve her product through all important customer feedback. In addition, she and the other three Vogt Award recipents, Liberate Medical, ModBox LLC, and Wixel Technologies, participated in weekly sessions on prototyping, design manufacturing, distribution, branding, marketing, packaging, supply chain management and lean manufacturing. The Vogt Award companies also benefited from the availability of a number of highly experienced and successful mentors in the manufacturing sector. read more...
Seminar Highlights Export Strategies and Business Opportunities in France and Germany read more...
GLI’s recent global business seminar drilled down so far as to offer tips on how to e-mail a potential colleague in Germany and how to handle a business lunch with the French. But it also painted a very big and bright future for those who wish to do business in the European Union (EU). Consul General Graham Paul of France and Consul General Dr. Christopher Brecht of Germany both humorously called their presentations “sales pitches” because they are so confident that they both offer the best economic environments in which to do business that they have each seen in a while. France and Germany together represent one third of the European market. France is the 5th largest economy in the world and Germany is 8th.
Paul, who along with Brecht is headquartered in Chicago, quickly dispelled the myth of the grumbling French person and focused on a productive and educated talent pool. According to current studies, 80% of French people are happy to go to work and France is 4th in the EU in terms of productivity. More than 40% of their workforce are college graduates. He considers France to be the gateway to the EU largely because of France’s focus on innovation. Innovation is their number one priority and is organized around 71 innovation clusters developed through their university system and enterprise channels that have helped to develop more than 5,000 new businesses. Currently 1,300 US companies operate in France representing 55,000 employees. Twenty of those companies are right here in Kentucky and represent more than 7,500 employees.
Brown-Forman's Jim Welch Put His Perspectives on Local Option Sales Tax
Those who attended GLI's 2013 Legislative Reception were introduced to a new event format as well as to the many elected officials who were on hand to meet their constituents. Traditionally, the GLI event has been a dinner, but according to Craig Richard, GLI President and CEO, organizers decided to shake things up a bit and provide a much less structured and more open forum for folks to talk and get to know each other. The idea would seem to have merit as more than 200 attendees mixed it up with the more than 40 elected officials who attended the appreciation event.
During a brief program, Louisville Metro Council President Jim King outlined how metro council works with businesses and included some of the work accomplished by the Council during the last year. Highlights include continuing work on a balanced budget, helping to arrange the re-opening of Kentucky Kingdom and the revaluation of controversial neighborhood development funds. Jefferson County Delegation Chair Darryl Owens provided the same overview with regard to the state legislature, highlighting funding for Floyds Fork parks, tax incentives for Ford Motor Company, introduction of legislation to provide for toll collection for financing of the Ohio River Bridges project and funding for a number of U of L projects. read more...
It is probably no coincidence that Day 3 of GLI's annual GLIDE trip, which explored Houston this year, was spent at Houston's world renowned Texas Medical Center, an extraordinary example of a single vision with enough significant collaboration to make it happen. . . .over time.
The Texas Medical Center (TMC) started in 1944 as a single vision of Dr. Monroe Dunaway Anderson, of M.D. Anderson Cancer Center fame, with less than a handful of neighboring medical institutions. At that time the M.D. Anderson Foundation paid roughly $419,000 to the city to buy nearly 135 acres of undeveloped land and dedicate it to becoming the TMC, which today includes 54 member institutions, 106,000 employees, 20,000 physicians and nurses, 23,000 researchers and faculty and a $15 billion operating budget.
Through strategic planning, the Houston campus has grown to 45.8 million square feet, 1,345 acres and 290 buildings. And that's just in Houston. TMC has additional campuses in Galveston and Denton and some of its member institutions operate facilities throughout the world. read more...
From learning the differences and similarities between Louisville and Houston, talking 'Energy's role in Houston's Success' and why Houston is a hot bed for talent to touring the Houston Museum of Natural Science, The Galleria and the NASA Johnson Space Center…Day 2 of GLI's Greater Louisville Idea Expedition (GLIDE) was full of big Texas thinking and fun! Here are a few insights from GLI's guest blogger Susan McNeese Lynch:
What Makes Houston Big, Mayor Annise Parker
She's mayor of the 4th largest city in America. She is the first openly gay mayor of a major metro. She has to run every two years and can only serve three consecutive terms. And Houston Mayor Annise Parker really knows how to spin a negative into a positive! When asked about the city's ominous role in the blockbuster movie Apollo 13, she cautioned everyone to listen more carefully. "There's more to that sentence. It's not 'Houston we have a problem.' It's 'Houston, we have a problem you need to solve!" read more...
On September 15, over 100 regional business and community leaders arrived in Houston for 3 days of learning and big thinking as part of GLI's Greater Louisville Idea Development Expedition (GLIDE). GLI's guest blogger, Susan McNeese Lynch with SML Communications, recaps the jam-packed Houston adventure and all that attendees learned during GLIDE 2013.
GLIDE: Heading to Houston
We're here! Here in Houston and the fact that the 2013 GLI Glide trip is off and running is testament to the ability of 101 participants, representing businesses, community organizations, non profits, government and schools, to all show up at the same time at SDF, follow instructions to get on the plane, stay somewhat quiet enough to hear the emergency instructions, and exit the plane orderly enough to get on the correct tour bus. Missions accomplished!! read more...
On the same day that Deputy Defense Secretary Ashton Carter was announcing to the nation that additional troop cuts and civilian layoffs "are imminent unless Congress and the White House reach a deal to avert another round of automatic budget cuts," Fort Knox's Commanding General Jeffrey A. Smith was trying to paint a brighter picture of what lies ahead for the 95 year-old military installation located just 38 miles from downtown Louisville.
Speaking as part of GLI's Business at Breakfast Acclaimed Speaker Series, General Smith acknowledged that Fort Knox is facing a significant period of change, based on the upcoming budget cuts from what is commonly called sequestration, but he also pointed to Fort Knox's own history and the continuing draw down of troops from Afghanistan as reasons for major upcoming transitions.
General Smith reminded the group that Fort Knox served as the "armor epicenter" for the entire army and armored personnel from 1940 until 2011 when the armor school and center all moved to Fort Benning, GA. At the same time, Fort Knox maintained its Recruiting Command, which was established in 1995, and accepted Army Accessions, Cadet and Human Resources Commands all of which added an additional 21,000 service persons and civilians that help contribute to Fort Knox's current $2.8 billion economic impact on the area. read more...
Louisville has made significant economic strides, but the region isn't
keeping pace with competitor cities in creating high-paying jobs and
positioning itself for success in a 21st Century economy. GLI is asking
members for their feedback to better understand the region's assets and
challenges... read more...
a backdrop of shiny white shipping boxes and bright orange balloons, Gazelle Inc., the nation’s leading consumer
electronics trade-in site, introduced its new 37,500-square-foot processing
center in Louisville. The big news, of course, is that the fast-paced company
that will create 438 new jobs and invest $22.3 million in the area over the
next several years.
Steve Beshear, Mayor Greg Fischer and Greater Louisville Inc. President &
CEO Craig Richard were all on hand to welcome Gazelle’s leadership and growing
employee base and to help cut the ribbon at the new facility located at
is quite a catch for Louisville’s Logistics & Distribution sector since it
selected its Louisville site based on Louisville’s central geographic location
and the ability to move merchandise around the world quickly and efficiently. read more...
“The most dangerous leadership myth is that
leaders are born-that there is a genetic factor to leadership. That’s nonsense;
in fact, the opposite is true. Leaders are made rather than born.” Author and
leadership consultant Warren Bennis may have penned this much used quote, but
everyone knows it.
Making sure we ‘make’ new community business leaders
is what LEAD (Leadership. Engagement. Action. Development.) GLI is all about. Introduced just this
week, LEAD GLI is a business leadership development program offered exclusively
for employees of GLI’s Top Investors. The six-month comprehensive program is
designed for those who want to enhance their leadership skills, expand their
personal networks and give themselves a much more in-depth understanding of the
region’s economy and economic development strategies. The half-day
sessions will provide class members valuable information about the community’s
opportunities and challenges in the areas such as job creation, entrepreneurial
development, human capital, public policy, and more. read more...
“You have nagged, needled and pushed until we got this job
done,” said Governor Steve Beshear to more than 250 attendees of GLI’s most recent
Top Investor breakfast about the construction commencement of the Ohio River
Bridges Project’s (ORB) Downtown Crossing which will result in a new bridge
adjacent to the existing Kennedy Bridge, a reconfiguration of what is commonly
referred to as Spaghetti Junction which is the approach to the bridge on the
Kentucky side and new approach on the Indiana side to both the Kennedy and the
“Thanks to the business communities of Kentucky and Southern
Indiana for over a decade of focus and a steady and loud drumbeat that has
helped us reach the point we are at today,” he said.
Beshear went on to categorize the ORB as “the largest
bi-river construction project in the history of the two states.” Construction
is scheduled to start within the next two weeks and the Downtown Crossing is
expected to be complete in about three and a half years. The East End Crossing, which will extend the
Gene Snyder Freeway from Prospect over the Ohio River to Utica, IN, has already
begun construction and is scheduled for completion in October of 2016. read more...
Louisville is attractive as a place to start and
grow a business because of its workforce that continually demonstrates a strong
work ethic. Others say it is the hugely
positive experience they have doing business with a community that highly
values economic development and is thus a strong business supporter. Still others say that it is because
Louisville offers a geographically desirable location and accessibility through
a strong logistics and distribution network. Regardless of what the reasons are, the reality is
that Louisville is experiencing a very strong surge in business expansion and new
business development. And that surge
translates to tremendous job creation and long-term investment in our
community’s infrastructure. read more...
The good news is that Louisville has already established itself as a leader in supporting health industry entrepreneurs. The even better news is that Louisville is reinforcing that position by being the first city in the southern region of the U.S. to offer an accelerator for early-stage, health-related companies.
XLerateHealth is led by Bob Saunders, a seasoned venture capitalist who has worked with more than 100 startup companies. His fellow co-founders are Ted Smith, a successful health care entrepreneur in his own right, and Director of Economic Growth & Innovation for Louisville Metro Government; and Bobby Ferreri, Executive Director of Greater Louisville's Inc.'s EnterpriseCorp.
The goal is for XLerateHealth to house some of the most innovative health-related companies in the United States and concentrate on leveraging industry partners, including providers, payers and ACO's, to fast-track learning and growth through real-world pilot testing at potential future customer sites for participating companies. read more...
Each year, GLI goes hunting for the top small businesses in the community in order to recognize and celebrate them for the tremendous contributions they make to our economy and our region. The best of the best are presented with an Inc.Credible Award and this year, we may be looking for you.
If you’re a small business owner or know of a small business that is exceptionally innovative and successful, GLI wants to know about it. GLI already knows that small businesses are the backbone of our local economy, making up more than 99.7 percent of all employers and providing jobs to half of all private sector workers.
The Inc.credible Awards were started in order to recognize outstanding small businesses in eight categories and to celebrate those winners publicly as examples of what hard working and creative business people can do.
This year, the 2013 Inc.credible Awards Luncheon will be held on Friday, August 23 at the Galt House. read more...
Members of Louisville’s economic development team are headed to Washington, D.C. next month for the city’s first Code Red White & Blue Hack-A-Thon
. While there, they hope to get the attention of some young and ambitious IT professionals who just might be willing to take a look at Louisville as a career option. read more...
Greater Louisville Inc. will host a
Discovery Tour to Brazil for both members and non-members as part of our
global connections strategy for 2013. This is the second destination
for the year, which includes a trip to Turkey next month. The exciting
excursion to Brazil is scheduled for September 25 to October 3.
This once-in-a-lifetime trip to
Brazil is designed to provide you with the opportunity to experience
different cultural activities see important historic sites and explore
international business climates.
9-day Brazil itinerary includes stays in both Sao Paulo, the largest
city in Brazil, and Rio de Janeiro. Highlights are visits to Sugarloaf
Mountain, Christ the Redeemer, and the famed Copacabana Beach. The
deadline to register for this amazing Brazilian experience is June 21,
2013. read more...
Before a packed house of nearly 1,300 GLI members and
supporters on hand to celebrate the economic and community successes of the
past year, keynote speaker JP Morgan Chase Chair and CEO Jamie Dimon passed
around some congratulations of his own. “I love the pro-business attitude
here,” he said. “Clearly you have dedicated board members and good business
mentors in this organization. I love my job and I understand how important it
is to pass that passion on to others.” read more...
After being introduced as the “Best AD in America,” and
following a rousing standing ovation, U of L Athletic Director Tom Jurich let
it be known that he likes the title, “Little Brother.”
He pointed out that the little brother is the
one that has to work more, strive longer and always be up to the challenges
that will inevitably arise.
brother is like Avis,” he said, “always trying harder.” Then, as a slow grin
spread across his face, he acknowledged “it helps if little brother grows up to
be 6’ 4” and 280 pounds.” read more...
Do the Math. College Degree Still Adds Up to Higher
There is a lot of discussion right now about the value of a
college degree and whether it is worth the tuition paid and dollars
borrowed. Does the current job market
outlook warrant the time and money spent on college-level learning? These are
good questions and there are plenty of good answers. . . not just good, but
great, in terms of opportunities to head higher up the ladder which leads to
higher incomes and ultimately, a higher quality of life. read more...
Start. Grow. Sustain. Series of Free Small Business
Seminars Starts Now
Small businesses represent more than 96 percent of
all employers and employ 48 percent of the private-sector workforce. By
definition, small businesses have fewer than 500 employees, but more than 90
percent of the businesses in Kentucky have fewer than 50 employees. read more...
Capitol Connection: Senate President Stivers Takes the Bigger
“I wake up in the middle of the
night worried about making decisions for people I will never see and never
Before a packed, business-friendly crowd at GLI’s most
recent Capitol Connection luncheon, newly elected Senate President Robert
Stivers (R, Manchester) introduced himself as a University of Kentucky graduate
and a University of Louisville Law School graduate. “My role as Senate
President means I conduct and facilitate business on the Senate floor for
Louisville and for the entire state,” he said.
Noting that his new job makes him a constitutional officer he went on to
say, “I feel the weight. I wake up in
the middle of the night worried about making decisions for people I will never
see and never know.” read more...
Governor Steve Beshear was very clear about his support of a local option sales tax as he stood before a crowd of more than 250 attendees of GLI's most recent Capitol Connection luncheon.
When asked about his position on the proposed dedicated tax for specified projects within a community, Beshear began his remarks by saying, "As you well know, politicians are known to take both sides of an issue." After a short pause, he quickly injected, "I'm all for it!" read more...
GLI and a new promotional concept here in town called "502 Restaurant Week," have cooked up a plan to help promote local eateries this winter and it includes a one-year membership to GLI to help build their restaurant's business for the long term!
In an effort to gauge the region's current export activities, GLI and its regional partners recently conducted a 2012 Regional Export Activity Benchmarking Survey to gather up-to-date input on area exporting, including a review of any challenges to entering new markets. read more...
Maybe it’s because his company is gearing up for what he calls their “Super Bowl”, the high-octane Holiday package delivery season, but UPS Airlines President Mitch Nichols was full of gifts when he spoke at last week’s Business at Breakfast session at the Downtown Marriott. From demonstrating a real affection for Louisville, UPS Airlines and its Worldport home base, to offering up 200 readily available jobs for area citizens, to pledging support and services for businesses wanting to further develop international exporting, Nichols provided a steady stream of insights and advice gleaned from years of running a highly successful worldwide company that started more than 105 years ago on a borrowed one hundred bucks.
Before a crowd of more than 200 people, Nichols acknowledged Louisville for its genuine “receptivity and hospitality” and thanked the community for allowing UPS “to serve the world from our hometown.”
“We’ve been able to expand here because of the support we’ve experienced from the people and government officials and we work hard to give back,” he said, citing the international company’s contributions to United Way, Thunder Over Louisville and the “hundreds of thousands of hours our employees give to projects all over the community.”
Nichols was quick to point out, however, that it takes much more than a love fest to manage a global operation that sorts and delivers more than 15 million packages a day, represents 2% of the world GDP, operates 230 jets and manages a logistics center that occupies 5.2 million square feet of floor space and runs 155 miles of conveyors. “Louisville is our partner,” he said as he noted the three strategic goals for his company and its services; 1) transform and strengthen, 2) invest and grow and 3) continually create value for the customer. read more...
21st Century Parks Chairman Dan Jones is a man of action. Just ask him. He’ll tell you in no uncertain terms that his primary motto is “Action Changes the World.” That’s how he began his comments to a group of more than 150 attendees at GLI’s recent Small Business at Breakfast Club meeting which was held on the Southeast Christian Church campus in its interactive Teen Center. An apt location since a big part of Jones’presentation provided an in-depth look at the progress being made toward developing the nation’s largest new parks system known as the Park Lands of Floyds Fork located right here in eastern Jefferson County. read more...
Greater Louisville Inc. is pleased to announce Craig J. Richard has accepted an offer from the CEO Search Committee and will become GLI’s new President & CEO, effective January 7. Craig comes to GLI from the Greater Houston Partnership where he has been serving as its Chief Economic Development Officer since 2008.
The GLI Search Committee is extremely confident in Craig as the selection for GLI’s new leader. His strong leadership experience and track record of economic development success makes him the kind of candidate to lead GLI’s growth strategies. read more...
Amnesty Program Designed To Help Avoid Penalties While Generating Needed Revenue For The State
you’re a little behind in paying your taxes? Then you’ll be glad to
know that the state is offering you a “fresh start” on paying those
taxes paid without getting clobbered by escalating fees and penalties.
In addition, you will only be responsible for half the interest you owe
and any threat of prosecution will be waived. Sound good?
Here’s how it works. read more...
Talking about small business quickly leads to some big names. Did you know that Dell Computers founder Michael Dell started out as a dishwasher in a local Chinese restaurant working for $2.30 an hour? Oprah Winfrey began her career at a local radio station reporting for $100 per week. Clothing designer Tommy Hilfiger originally sold his jeans out of the back of his car. . .talk about no overhead. And New York Mayor Michael Bloomberg worked his way through college as a parking lot attendant. It should come as no surprise that these well-known and successful people got their starts in small businesses. There are more than 28 million small businesses operating in the U.S. today running the gamut from retail to restaurants, car repair to coffee shops and hair salons to food marts. Together, they employ 57% of the country’s private workforce and represent 44% of the national payroll.
Chances are good that most of us here in Louisville got our starts as employees of small businesses, too. Of the nearly 30,000 private sector businesses that call Louisville home, 97% have less than 100 employees and 72% have between one and nine employees. These small businesses and micro businesses represent the hard work and continuing efforts of Louisville’s diverse population including successful women and minority-owned companies and their employees. read more...
Political analyst Mark Halperin blew in last week like a cool breeze, leaving bi-partisanship behind and providing a very balanced look at the last 50 days of the presidential campaign. It probably helped some that he was fresh from his recent EMMY win for the HBO movie based on the New York Times best selling book, Game Change: Obama and the Clintons, Palin and McCain, and the Race of a Lifetime, that he co-authored. It may also be helped by the fact that this was his third visit to Louisville, so he is well beyond stranger status. Further, he pointed out that he feels it is his obligation to be non-partisan as well as work to know the country and not just see the New York and DC points of view. Halperin is also editor-at-large and senior political analyst for TIME, creator and author of TIME.com’s “The Page,” and senior political analyst for MSNBC. You can see why he would like to get out and about to get the pulse of the country.
Serving as keynote speaker for the GLI 2012 Legislative Dinner, Halperin spoke before a crowd of nearly 400 that included many local, state and national elected officials including Congressman John Yarmouth, Louisville Mayor Greg Fischer and a number of state representatives, including the Jefferson County Delegation Leadership, and Louisville Metro Council members. read more...
If you were at last week’s GLI Business at Breakfast session featuring Kindred Healthcare CEO Paul Diaz then you have learned that Diaz is a conversationalist. No big speeches here. He wants to create a dialogue and that’s pretty important for a guy who is at the epicenter of major health care reform in this country. Not the kind of reform being debated on the hill, but the kind of health care transformation that is taking place everyday in our hospitals, homes, rehab centers and long term care facilities. There is no doubt our population is aging and living longer, creating a need for new strategies for how to address more aggressively emerging issues such as medical intervention, chronic disease and sensitivity to end of life. . .not to mention how to pay for it all. These issues are being dealt with every day in one way or another, but Diaz is leading Kindred, the country’s largest diversified provider of long term and post-acute health care, toward helping to facilitate the integration of these discussions among patients and all health care providers so we can achieve better patient outcomes while taking advantage of efficiencies and cost savings. read more...
The full opportunity profile for the next President and CEO of Greater Louisville Inc. is now available for viewing.
Candidates for this position will be evaluated by Jorgenson Consulting. The most qualified individuals will be invited to participate in the next phase of the selection process.
For consideration, please submit letter of interest and résumé.
As a small business leader, you face greater challenges than ever before. Your competitors are relentless, customers are scarce and every day brings another wildfire that needs to be put out. Sometimes you feel like the proverbial gerbil furiously running on the wheel but getting nowhere. How can you, as a small business leader rise above the daily fire fighting and focus on the ‘big picture’ – the strategy that will move the business forward toward your vision. Michael Gerber calls this working “on” your business, not “in” your business.
Joining a CEO Roundtable is the best way to start working on your business. The concept is not new. Benjamin Franklin, early in his career, formed a group he liked to call the Junto. He gathered a group of likeminded tradesmen together to meet regularly to help each member improve himself and his business through collective learning and problem solving. Others have recognized the power of the peer learning group. Napoleon Hill, in his classic Think & Grow Rich calls this a “Master Mind” group and is a key component in his success principles, too.
Hiring Our Heroes events are part of a nationwide initiative by the U.S. Chamber to increase the hiring of veterans. The initiative will help Corporate America respond to a challenge issued on August 5, 2011, by President Barack Obama. Speaking at the Washington Navy Yard, the President challenged businesses to hire or train 100,000 unemployed veterans or their spouses by the end of 2013.
This is a great opportunity to meet face-to-face with veteran-friendly employers including General Electric, Amazon, Louisville Gas & Electric, Home Depot, and many more. read more...
Greater Louisville Inc. – The Metro Chamber of Commerce announced today that it is awarding its Thomas Edison Award to Chef Edward Lee. The award celebrates achievements of Louisvillians whose success has brought credit not only to them, but also to the region. His contributions to the community and work to expand the presence and values of GreaterLouisville to a larger audience embody the spirit of Thomas Edison and his work to illuminate the world. read more...
Greater Louisville Inc. (GLI), the largest business leadership organization for the 26-county Louisville, Kentucky region, needs a dynamic CEO to lead our team.
Our CEO Search Committee requests proposals from executive search firms by February 14, 2012 for our consideration. A description of our dynamic organization, the services needed and other important information for the RFP can be accessed online. read more...
Save the Date for Annual Meeting 2012!
Oneof the most anticipated networking business events of the year. read more...
Save the date! Greater Louisville Inc.’s Annual Meeting will be held on Tuesday, March 20th, from 5-9 p.m., at the KFC Yum! Center.
Past keynote speakers have included some of Louisville’s most sought after trailblazers; Alan Mulally, President and CEO of Ford Motor Company, Mike McCallister, President and CEO of Humana Inc., Dr. Lance Secretan, nationally-renowned author, and David Novak, CEO of Yum! Brands. This year is no exception with a speaker that is sure to wow all attendees.
Our 2012 Annual Meeting speaker, named one of Time magazine's 100 most influential people in the world and among the "World's Best CEOs" three times by Barron's. For more information on the big reveal, click here.
Reserve your seat for one of the most sought after tickets in town!
Message to GLI Membership
As a valued member of Greater Louisville Inc., you play a vital role in helping our region achieve its vision. We as an organization appreciate your involvement and want to keep you updated on a transition at GLI.
Today, Joe Reagan, President and CEO of GLI, accepted the position of President and CEO of the St. Louis Regional Chamber & Growth Association.
Effective January 26, Tracee Troutt will take over as interim President & CEO of Greater Louisville Inc. Eileen Pickett, Executive Vice President, will continue her role leading GLI’s economic development strategy. These two exceptional leaders are accompanied by a remarkably talented GLI team, who will continue to conduct business as usual advancing the Greater Louisville region. read more...
Sometimes, you hear a speaker who is so aligned with your vision and priorities, it seems as though he was listening in on your last strategy session. That’s the way so many of us felt this morning when John Tory, head of the Toronto Civic Action Alliance, spoke at GLIDE.
John highlighted three opportunities that Louisville and Toronto share: regionalism, inclusion, and the power of ideas.
Sound familiar? read more...
If you're familiar with the book Rise of the Creative Class, you'll appreciate our afternoon speaker today at GLIDE Toronto. Kevin Stolarick is the numbers guy behind the book; the one who analyzed the data and extracted the trends.
Kevin got us thinking today about the difference between growth and prosperity. He shared this insight: from 1990-2000, Las Vegas was the fastest-growing metro area in the U.S. But in terms of per capita income growth, it was number 323. Growth alone, he noted, does not necessarily equate to prosperity.
So what should communities focus on if not growth? read more...
The Toronto International Film Festival (TIFF) is a marvel. What started as a small film festival in a city with almost no film presence has grown into one of the premiere movie events in the world. How did it happen? That’s exactly what Bill Marshall, one of our GLIDE speakers and a founder of TIFF, shared with us this evening.
Bill, with his Scottish brogue, believes in telling it like it is. So we paid attention when he noted that “process is the enemy of progress,” and urged Louisville to take this advice: “When you have an idea, don’t stop and listen to the people who know better. Because they don’t.”
GLI’s GLIDE trip to Toronto got off to a great start today (easy flight, great weather, good food…). One of our very first sessions helped set the tone for the trip, and included some important ideas for our region.
Nat Irvin II, Professor of Management at the University of Louisville, challenged the group to imagine what it would be like to “live, work, think, believe and lead in a very different world than today” – say, the Louisville of 2030. As a group, we challenged some of our preconceived notions, like what percentage of goods Americans purchase that come from China (if you guess 50-60 percent, like most of our group did, you’re wrong. It’s 1.2 percent.).
As Mayor Fischer reiterated today to a Metro Hall filled with education advocates, we must celebrate our successes in education and acknowledge our challenges. It has long been known that education must be a top priority for Louisville to flourish. read more...
U.S. Congressman John Yarmuth spoke to a full house at GLI’s Capitol Connection lunch last week, discussing the current climate in Washington and some of the business issues pending before Congress. He drew laughs when he noted that Congress’s approval rating was around ten percent, and he wanted to know what the heck was wrong with that ten percent. He lamented the gridlock he sees in the capitol, and offered up that there were challenges coming from both sides of the aisle. He also rebuked those who call for dramatically-reduced federal spending, noting that some of Louisville’s largest employers – Humana, University of Louisville, UPS – would risk job loss if federal dollars were no longer available.
In a robust Q and A, he shared his thoughts on issues important to the business community, including the debt limit debate, lending for small businesses, health care reform, the stimulus, the trade agreements pending before Congress, special interest money in politics, and reauthorization of the surface transportation bill. A full video of his remarks will be posted at http://vimeo.com/gli/videos, so if you weren’t able to make the event, you can still hear his thoughts on these issues and more. read more...
From now until September 30, EnterpriseCorp and The Community Foundation of Louisville are accepting entries for the 2011/2012 Vogt Awards. Intended to recognize excellence in product innovation and inspire inventors to see their ideas reach full potential, the Vogt Awards provide up to $250,000 annually in grants.
That means, bring your idea to the table and take your chances at receiving the funding to take it to the next level! read more...
Mackenzie Woodward, GLI's Director of Talent Attraction and Community Development talks about a successful Intern To Earn Summer Series
It’s hard to believe the summer is already winding down and college
students are getting ready to head back to school. This also means our team here at GLI is
saying farewell and keep in touch to these students as we wrap up a successful
Intern to Earn Summer Engagement Series.
In its 2nd year, the Intern to Earn program is part of
GLI’s Human Capital strategy and a Talent Attraction initiative. Focusing on closing the gap between companies
in need of fresh talent and interns looking to gain career experience, Intern to
Earn aims to develop the talent pool necessary to meet future regional
workforce needs, and connect the next generation of talent to the Greater
The program and website offer a range of services for businesses and students, including internship
development workshops, support for businesses with new and existing internship
programs, a comprehensive database of internship openings and online tools and
resources for businesses and students. read more...
Michael Iacovazzia-Pau, Manager, International Programs, shares about his experiences at Futurallia. Futurallia
as a word and an event means “Future Alliance.” To companies with international reach, it meant an opportunity to meet with 600 small to medium sized business owners from 26 countries for two and a half days this May in Kansas City. The forum took over the town for six days of worldwide networking and affiliation building and GLI, in partnership with NAWBO, was lucky enough to attend.
Greater Louisville Inc. is in the midst of crafting a new globalization strategy, making the opportunity to experience Futurallia and promote Kentucky businesses paramount. read more...
Eileen Pickett, Senior Vice President of Community and Economic Development for Greater Louisville Inc., offers unique insight into business attraction.
Sometimes when I talk about what's involved in attracting a new business to Louisville, I admittedly over-simplify by saying that first and foremost...business attraction is about 'getting on the list'. What I mean by that is when a company is faced with either a problem or an opportunity (it's always one of the two) which is prompting it to consider an additional location or a relocation, someone has to develop an initial list of possible locations. If Louisville is not on that initial list, then we never get a chance to compete in what becomes a process of elimination until ultimately the last city standing wins the new business.
“[C]reating jobs, jobs, jobs will take ideas,
ideas, ideas.” read more...
So says today’s Business First op-ed on the
importance of entrepreneurship. Bob Saunders, chairman of Stonestreet One and chairman
of GLI’s EnterpriseCorp Advisory Board, penned the piece to highlight the impact
of new companies on our regional economy – and the importance of a business
climate that supports their success.
You can learn more about EnterpriseCorp’s strategy for expanding entrepreneurism
in Louisville at its Signature Event next Tuesday. Click here for complete
details and to register. In the meantime, here are some highlights from Bob’s
For the fourth year, Greater Louisville has been selected as one of only a
handful of communities across the country participating in the national Alfred
P. Sloan Awards for Business Excellence in Workplace Flexibility. read more...
The nationwide awards program, sponsored
by the Families and Work Institute, in partnership with SHRM, recognizes
exemplary employers that are using flexibility as a talent management tool to
enhance workplace effectiveness and contribute to employee
Organizations varying in size
and type from the Greater Louisville/Southern Indiana region are invited to
apply – the application process is FREE and only takes a short time to
Below is the latest news and developments from Metro Hall, Frankfort and
Washington, D.C. If you would like to sign up to receive GLI's free
Legislative Updates, simply visit www.GreaterLouisville.com/Grassroots. read more...
2011 General Assembly Special
Session Ends; Governor
Vetoes Large Portions of Medicaid Bill
The 2011 Special Session of the Kentucky General Assembly
came to an end last week in an interesting turn of events. As we reported, the
House passed the Senate’s version of HB 1, legislation to address a $166
million shortfall in Kentucky’s Medicaid budget. The House did this with
assurance from the Governor that he would veto all portions of the Senate’s
bill that were objectionable to his administration and House leadership.
Because HB 1 is a budget bill, the governor is granted the
authority to strike specific sections subject to a veto override by the General
Assembly. However, as the House adjourned Sine Die immediately after passing
the Senate version of HB 1, the option to override the Governor’s veto was not
As expected, on Friday Governor Beshear vetoed large
portions of the Senate’s version of HB 1, bringing the bill back into alignment
with what the House had originally introduced and he had supported. Click here
to read the Governor’s veto message. Governor Beshear vetoed more than 150
pages of the bill, including sections providing for cuts to state government
programs if Medicaid savings couldn’t be accomplished through managed care, as
the House and Governor Beshear proposed. Other vetoed provisions include
sections barring legislators from being paid during a legislative recess, and
sections baring furloughs of state employees as a cost-savings measure.
As Kentucky General Assembly meets this week in Frankfort, below is a summary of the latest details from GLI's Public Affairs team: read more...
Kentucky General Assembly session ended Wednesday without agreement on an
important issue impacting Kentucky’s budget: addressing a $166.5 million
shortfall in the state’s FY11 Medicaid budget. As such, Governor Beshear called
a Special Legislative Session beginning yesterday. Only two issues are on the
call for the special session: Medicaid and raising the mandatory school
attendance age in Kentucky from the current 16 to 18.
Not surprisingly, politics continue
to play a prominent role in the discussions in Frankfort. As you may know,
Governor Beshear is running for reelection this year, and one of his Republican
opponents in Senate President David Williams. The special session is being
framed in light of this gubernatorial race, and neither side – Beshear and the
House Democrats nor Williams and the Senate Republicans – have changed their
position on Medicaid since last week.
Shawna Burton, GLI’s Director of Engagement,
shares her insights on SBBC programing for 2011, which helps small businesses
make connections and hear from experts in various areas of interest:
This is going to be an exciting year for GLI’s
small business members as we kicked off our 2011 Small Business Breakfast
Club (SBBC) series in January. Bill Weyland, Managing Director of CITY
Properties, presented to a sold out crowd at the Henry Clay where he discussed
the importance of downtown development and how revitalizing the city’s urban
core is fundamental in growing the community.
This year SBBC series is packed full of
successful entrepreneurs, industry experts and community leaders, such as Bill
and Rob Samuels, Tierra Kavanaugh Turner and Jennifer Mackin just to name a
GLI’s Annual Meeting, taking place Tuesday,
March 15, is rapidly approaching. And if you attend, you can have a chance to
win a 2011 Ford Escape. Yes, you read that right. read more...
At the event, GLI will be raffling a two-year
lease on a 2011 Ford Escape. And we know one person who is already excited
for this opportunity: Business First blogger Ed Green. Click here to read his
post on the giveaway.
Raffle tickets cost $20 each (cash and personal check only. Must be
present to win.), and the best part is the proceeds benefit
scholarships for 15K Degrees - a subset of Greater
Louisville's Education Commitment, 55,000
Today’s Business First includes an insightful and inspiring op-ed by GLI member Michael White, President and CEO of America’s Finest
Filters. In it, he discusses the
importance of economic inclusion to economic growth, noting: read more...
“Economic inclusion is defined as an attitude where all
businesses are embraced and afforded every opportunity to participate in the
American mainstream and global marketplace. Strengthening communities by
reaching out to diverse business owners can yield results never before seen in
the economic fabric of communities. Additionally, supplier diversity
initiatives with public- and private-sector organizations have become a
legitimate growth industry in our country, state and community.”
Some exciting news regarding our city's new bridges: The Louisville and Southern Indiana Bridges Authority, along with the Kentucky Transportation Cabinet and the Indiana Department of Transportation, is hosting an industry forum to showcase the Ohio River Bridges Project and explore creative approaches to project development. The free two-day conference is scheduled for February 16-17 at the Kentucky International Convention Center.
The forum is designed to attract a range of industry professionals, so please attend or share the news with your contacts in the following areas: read more...
Construction labor industry
Engineering and design firms
Equipment and materials suppliers
Investors and lenders
Local, DBE and specialty contractors
Dave Oetken, Managing Director of Business Advising for GLI’s ENTERPRISECORP, offers the following advice on making your business’s New Year’s resolutions stick:
How are your New Year’s resolutions working out?
Now that we’re halfway through January, are you on track with your New Year’s business resolutions? Most Decembers, business leaders reflect on the prior year’s performance and vow to improve: to do things differently, or never do that again.
And then what happens?
Fifty-three percent do not maintain their New Year’s resolutions because their planned changes are either too expensive or take up too many resources (Health & Safety Executive – HSE – 2006). Seventy-five percent of change initiatives fail because the organization is unsuccessful in managing the human reaction to change. (John P. Kotter, Leading Change, 1996)
Obviously, the odds are not always in our favor. So, faced with challenges from every corner, what can business leaders do differently this year in order to make their New Year’s resolutions stick? read more...
Nicole Eovino, GLI’s Workforce-Education-Talent
Attraction Coordinator, shares her insights on Close the Deal, an initiative
to improve the college attendance rate at area high schools:
I consider myself fortunate to have the
opportunity to work on the Close the Deal Kick-Offs for 2010. This was the
third year of the Close the Deal program, which is designed to work with a high
school's entire senior class to urge them to pursue post-secondary
education. This year’s kick-offs included four JCPS High
Schools-Fairdale, Valley, Iroquois, and Western, Spencer County High School,
and three Greater Clark County High Schools- Charlestown, Jeffersonville, and
Here’s how the Kick-Offs worked: admissions and
financial aid representatives as well as recent graduates serve as table
talkers to increase college knowledge, create a college-going culture amongst
seniors in high school, provide support and create a sense of urgency for
higher education. An education fair with nearby colleges and universities
follows to allow students to speak with and ask specific questions to admission
representatives from colleges of their choice.
As the business community is a critical
constituency of our region’s elected officials, we wanted to make you aware of
the plans surrounding Mayor-Elect Greg Fischer’s Inaugural Celebration
Breakfast on Monday. The event is free and open to the public. If you’d like to
attend, please see complete details below. read more...
Date: Monday, January 3
Time: 7:30 a.m.
Location: Kentucky International Convention
Center, Exhibit Hall Room 2C
Insights from GLI's Executive Vice President Eileen Pickett on economic development in Greater Louisville:
Over the past 18 months or so, GLI has been intensely
focused on the opportunity for Louisville
to become the center of commerce, innovation and knowledge within the sector of
health enterprises known as Aging Care.
The economic growth opportunity would appear to be extraordinary: Louisville
already boasts more HQ of Aging Care companies than anywhere else in the
country. The Aging Care sector is on a
strong growth trajectory as populations age and need grows. And, there is a real need for innovation in
this industry that has seen virtually none over decades.
In parallel to the work and thinking around Aging Care, we
have been developing strategies to leverage the continued globalization of the
economy. What can we be doing to assist Louisville businesses in
making global connections? How can Louisville attract more
foreign direct investment? What
advantages does Louisville have for foreign
companies entering the US
market? The answers to these questions
and others present real opportunity and are central to GLI’s strategic plan.
This article from the New York Times magazine looks at these
two phenomena – the aging of the world population and the globalization of the
world economy – that we have been considering separately and examines their
intersection and integrated relationship.
announced the speaker for its 2011 Annual Meeting today… and it’s an impressive
one. read more...
Mulally, President and CEO of Ford Motor Company, will be traveling to Louisville to speak at the
event, which takes place Tuesday, March 15, 2011. Mulally will discuss the Ford
story and how its team returned the company to profitability during the recent
economic crisis. Remember: Ford was the only major American car manufacturer to
avoid government-sponsored bankruptcy.
This is exciting news, not only because the Louisville business community gets to hear
from one of the most respected CEOs in the nation, but because Ford has such a
huge impact on the regional economy.
from Michael Iacovazzi-Pau, GLI’s Manager for International Programs:
like the World Affairs Council of KY and S. IN
can help to educate our community on the importance of becoming globally aware
of our surrounding, and embracing the growing trend of globalization in our
region. (GLI’s Greater Louisville International Professionals is another
program that supports this concept by welcoming and bringing talented
international professionals together, fostering connections of not only people
and companies, but their ideas, perspective, culture, and talent.)
A Community Challenge op-ed by World Affairs Council president Ben Jones is a great testimony
to the opportunities and benefits of embracing a global culture and world-view.
Interesting article on Forbes.com this month. We know population trends indicate that individuals are migrating out of mega-cities into communities with higher qualities of life (something we pride ourselves on here in Louisville). As Forbes notes:
"In the course of the next 40 years, the biggest gainers won't be behemoths like New York, Chicago and Los Angeles, but less populous, easier-to-manage cities that are both affordable and economically vibrant… Over the past decade, the biggest migration of Americans has been to cities with between 100,000 and 1 million residents.”
Louisville is poised to greater benefit from this trend – in fact, we already are. read more...
Louisville’s entrepreneurial community is
thriving, thanks in part to the availability of guidance for new start-up companies
and their entrepreneurs. One such opportunity is taking place this month,
compliments of Nucleus: Kentucky’s Life
Sciences and Innovation
Center. From Business
will host a training session next week for leaders to help local businesses. The
program, FastTrac TechVenture, is a partnership with the Ewing Marion Kauffman
Foundation. It is designed for entrepreneurs of innovation-based startups,
particularly those in life sciences, engineering and applied sciences. It aims
to evaluate and improve business concepts, express business concepts through
various plans and build a network of entrepreneurial relationships....” read more...
As our economy emerges from the recession and companies look
to grow again, Dave Oetken , Managing Director for Business Advising at ENTERPRISECORP, offers his insights
to help businesses understand the importance of cash cycles and financing
The goal of every business leader is to grow the business or
organization. Right? Sales solve all problems. Right? If I could just increase
sales by 10% or just find that next big contract all my problems would be
solved. Right? Well, maybe. read more...
Louisville’s Aging Care sector is growing,
making it one of the region’s most exciting areas for economic growth. Today,
the My Better Nursing Home blog highlighted one critical component Louisville is using to
develop the next generation of innovations in again care: The International
Center for Long-Term Care Innovation. read more...
The latest from Eileen Pickett, GLI’s Senior Vice President for Economic and Community Development:
We’ve known for a long time that the logistics and
distribution sector is central to Louisville’s
economy. And we’ve known that this
community is good at logistics
– if you need to get something from here to there, Louisville is the place to do it. It’s rather nice though, to have the rest of
the world acknowledge this strength.
I draw your attention to the current issue of Fortune magazine (the Oct 18th issue – the one with Oprah on the cover)
pages 32 and 33. read more...
will it take to grow our city and attract new-economy jobs? One thing we know
for sure is more citizens with post-secondary degrees. So a coalition of business, civic and
government leaders have taken on an exciting new initiative that will increase
the number of degree-holders in Louisville
by 55,000 people.
goal? You bet.
published its 2010 Candidate Survey responses today, and if you haven’t checked
them out, you can click here to do so.
all know, Kentucky
has an important election taking place on Tuesday, November 2. To help you
support candidates who are committed to improving the local, state and federal
climates for business, GLI surveyed candidates for local, state and federal
office and asked them to share their positions on pressing employer concerns –
taxes, economic development, business regulation and more. read more...
Inner Chamber doesn’t have many procurement needs. We’re a blog. But the rest
of our organization is utilizing products and services all the time: awards,
office supplies, graphic services, caterers… the list goes on and on.
most companies are like ours: many needs, little time to get competitive bids. So
GLI has launched a new exclusive member benefit to address this challenge: ChamberBid. read more...
As Louisville is working to
transform itself into the Idea Capital of the World, people across the
community are thinking about what it means to dream big – and what it takes to
make an idea reality.
Washington Post has an interesting
article on one man’s quest to make his dream come true. In the case of Jan
Scruggs, his dream was to create the Vietnam Veterans Memorial in Washington, D.C.
Click here to read his account of the challenges and fortitude it took to make
his big idea come to fruition. read more...
Much like America runs on
coffee, GLI runs on the support and engagement of our small
business members. Throughout the month of September, we've been
celebrating small business contributions to our region's vitality. Now, we’re
inviting our small business members to power up with free Java Brewing coffee
We know working at a small business requires wearing
many hats - and putting in many long hours. So GLI and Java Brewing have teamed
up to show our appreciation by offering small business workers free coffee and
pastry tomorrow (Wednesday) at any Java Brewing location. read more...
2010 Leadership Expedition trip to Pittsburgh
uncovered many key factors for successful, thriving hubs of innovation and
activity. One area the GLI/Commerce Lexington group explored was the impact of
philanthropic giving, which has been a theme studied at several past GLIDE trip
locations as well.
and a rich culture of philanthropic organizations is one way communities create
rich quality of life for their residents. In today’s Courier-Journal, an
interesting article discusses Kentucky’s
philanthropic potential. A recent study from Center for Rural Entrepreneurship estimates
that $3.6 billion is charitable giving is available if philanthropies succeeded
in capturing just five percent of the wealth expected to shift generations by
2020. read more...
David Oetken, Director of Business Advising for GLI’s ENTERPRISECORP, shares
his insights on corporate strategies below. As one Harvard Business Review article notes, “A brilliant strategy, blockbuster product or breakthrough
technology can put you on the competitive map, but only solid execution can
keep you there.”
As market conditions quickly change, any company that can
rapidly “triage” its strategy and adapt to new conditions will have a huge
competitive advantage. Worldwide, strategic planning has become the business
norm. However, in a recent survey, chief executives of corporations identified
excellence in execution as their top challenge (55.4%), as well as the
alignment between strategy and execution (47.0%), and speed, flexibility and
adaptability to change (46.6%). Clearly, CEO’s are recognizing that developing a good
strategy is far easier than executing that strategy. read more...
Greater Louisville Region works to become the Idea Capital of the World, many
companies are looking for ways to contribute. And like so much in the new
economy, it all begins with innovation, innovation, innovation.
CNN Money offers an interesting step-by-step guide to innovation, using the best
practices of some of America’s
most innovative companies. Companies that creative environments where innovations
can thrive are more likely to see new ideas arise and be implemented.
The steps to creating an innovative
environment, which are discussed in detail, include: read more...
Dave Oetken, Director of Business Advising for GLI’s ENTERPRISECORP, delivers detailed, personalized guidance to local businesses who want to generate new growth. Below, Dave examines the “80/20” rule of business, and offers insights on how your company can successfully enlarge its customer base beyond that 20 percent:
Recently, experiences with clients have caused me to rethink the old 80/20 rule. This rule states that 80 percent of a company’s revenue comes from 20 percent of its customers. As a result, smart business leaders focus most of their time and company resources toward this segment. And, while it can be a good business practice, it can also become a dangerous habit.
Case in point: a local company did increasing business with a large manufacturer to the extent that 90 percent of its revenues came from that one customer. As you can guess, when the customer decided it could buy cheaper elsewhere, it put the local company out of business, costing the community 67 jobs.
In today’s competitive environment, the 80/20 rule can sometimes be cause for alarm, especially if most of the 80 percent is coming from a small number of customers. read more...
As summer is winding to a close, we’re posting the final installment of our Meet the Intern series. Elizabeth Matthews, a Northern Kentucky native, worked with GLI’s Public Affairs and Communication department. The Inner Chamber Blog can personally attest to the amazing research and thoughtful projects she completed this summer, on topics ranging from education and the local economy to taxes and Kentucky state revenue. Read on to learn more:
Hi! My name is Elizabeth Matthews, and I will be a senior at Duke University this fall. I’m studying public policy and am thrilled to be an intern in GLI’s Public Affairs and Communications Department. I’m interested in a broad range of policy areas, so over the past few weeks, I’ve been able to research several different issues that affect Louisville and its people. read more...
The Federal Reserve Bank's St. Louis District, which includes Louisville, is reporting that economic conditions are improving throughout the region. In a report released last week, the Fed showed activity has increased in the manufacturing and service sectors. However, the report also showed that commercial and industrial real estate markets remain weak, and overall bank lending activity decreased from early April to late June. read more...
International markets are a hot
area of business expansion, as companies of all sizes are looking to broaden their
customer reach into new areas. Last month, GLI’s Small Business Breakfast Club got
a global perspective when Lynn Cooper, President of BFW International,
discussed the benefits of global commerce.
This month, Fortune Magazine ran
an interesting article offering readers “5 Strategies for Global Expansion.”
Click here to read the complete article; or for the really impatient (or simply
swamped), here are the five pieces of advice: read more...
post is the second in our summer Meet the Intern series. Like a
growing number of businesses across the region, GLI has the help of some
exceptionally talented interns this summer. Today, we’d like to introduce you
to Ann Marie Kelly. We have
appreciated her leadership and energy this summer!
Hello, my name is Ann Marie Kelly. I’m a senior at Bellarmine University
majoring in Communication with a minor in Peace Studies. At Greater Louisville
Inc., I work on the Intern To Earn Program and the 2010 Inc.credible Awards. read more...
You’ve got ideas. We want them.
What kinds of postings would you
like to see on The Inner Chamber? More advice and insights from GLI staff?
Articles of interest from local and national sources? Insights into new business
strategies and initiatives? What kind of topics should we
cover? Social media? Customer service? International trade? read more...
this month, GLI’s ENTERPRISECORP released its 2010 State of Entrepreneurship Report. The report, published every five years, is an honest assessment of Louisville’s
capacity for creating and growing new businesses, and makes recommendations on
the strategies needed to continue that growth over the next five. It recommendations, particularly
around research commercialization and creating an environment that continually
energizes new ideas, impact
public policy, investment decisions and community focus regarding
entrepreneurial challenges for the region.
So you may be asking
yourself, “If I’m not an entrepreneur, how does this impact me?” read more...
know, Greater Louisville is in the middle of a regional visioning campaign to
into the Idea Capital of the World: Where Imaginations and Individuals Thrive. You
can learn more and get engaged in the discussion at www.KIX.com , where 1,600 of
your friends and neighbors are discussing new ideas and gaining momentum to
make them a reality.
week’s Courier-Journal, Kevin Wardell, chair of the Regional Leadership
Coalition (RLC), penned an op-ed encouraging all community members to get
engaged with the visioning process. He wrote: read more...
Like a growing number of businesses across the region, GLI has the help of some exceptionally talented interns this summer. In our Meet the Intern series, we let you learn little about the new faces you’ll see around our office. First up is David Burt, one of our Bulldogs in the Bluegrass.
Hi, my name is David Burt, and I’m the guy in the first cubicle you pass after you receive your hearty hello from Alex at the GLI offices. I will return to Yale University next fall as a sophomore, majoring in economics (most likely). I live in Chattanooga, Tennessee, a place you may know as a nice spot to stop on the way to your vacation in Florida. At Yale I write for the newspaper and play on the club soccer team. read more...
Louisville is featured this month in one of India’s top magazines, SPAN. Reporter
Sujoy Dhar visited Louisville when Dr. Kalam,
the former president of India,
spoke here this spring at an event hosted by the Greater Louisville International Professionals. Dhar shares
his insights on Possibility
City, our Indian
entrepreneurs, and the work of G.L.I.P.
“Louisville, the largest city in the U.S. state of Kentucky,
is also branded as Possibility
City because of its rapid
socioeconomic and cultural strides. The city’s promoters are wooing Indian
talent and have actively involved the prosperous, local Indian American
business community to propel Louisville’s
success." read more...
Every community wants more gazelles – the small, fast-growing companies
that create the majority of new job opportunities. But many
entrepreneurs and small business owners aren’t sure what it takes to
drive their ideas into fast-growth opportunities. read more...
Part of the
mission of GLI’s ENTERPRISECORP is to nurture and expand
fast-growth companies. Lisa Bajorinas, Managing Director of ENTERPRISECORP,
offers the following quality factors that aid the successful,
fast-growth companies she oversees in the High Impact Portfolio. High
Impact companies drive growth and job creation for Greater Louisville.
Dr. Len Peters, Kentucky’s
Secretary of Energy and Environment, spoke at today’s Capitol Connection
luncheon. The first thing you’ll notice about Dr. Peters is that he is
incredibly knowledgeable on pretty much every aspect of energy research,
development, distribution, regulation and policy. His speech was insightful,
but where he really shined was in answering questions from GLI members. From
the prospects for nuclear power in Kentucky
to EPA air regulations and the development of clean coal technology, Dr. Peters
spent more than 30 minutes shedding light onto some of the hottest areas of energy
and environmental development. read more...
There’s a very interesting article in this month’s New York
Magazine on rapid bus transit, one of the transportation improvements the
Bridges Project would enable in our community. Definitely worth a read, as it will
get your mind churning on the possibilities for mobility in Louisville.
week, the Georgetown University
Education and the Workforce and the Alliance
for Excellence in Education’s President’s Policy Council released a
state-by-state report forecasting the educational needs of the job
through the year 2018. The report, Help
Projections of Job and Education Requirements Through 2018,
highlights the growth of jobs by education level.
report projects that by 2018, 63% of all jobs will require some level of
postsecondary education. There will still be jobs for those who do not
from high school, but those jobs will continue to decline in each state.
In Kentucky specifically,
the report noted: read more...
haven’t seen the 2010 Competitive City Report, put it on your must-read
this week. You can view the full report,
released this week by the Greater Louisville Project, by clicking
report is an honest look at how Louisville
is faring compared to our competitor cities in terms of education,
and quality of life. This
op-ed in yesterday’s Courier-Journal does a nice job
highlighting the successes and challenges the report reveals. The
especially those concerning the need to dramatically increase
attainment in the region – should be infused in our community
the future of Greater Louisville. read more...
A message from Victor de Oliveira, a member of GLI’s International Professionals program and G.L.I.P.’s Brazil ambassador The G.L.I.P. After Hours Networking events have been providing a much needed (and way overdue) venue for international professionals to read more...
Yesterday’s Dometic announcement marked somewhat of a milestone in GLI’s efforts to attract company headquarters to our community. Dometic is the 11th corporate headquarters to relocate to Louisville since GLI and our economic development partners at Metro Louisville and read more...
A great economic development achievement was heralded yesterday, when Dometic Corporation announced it will relocate its Americas headquarters operation from Elkhart, Ind., to Louisville. The move will result in 98 new high paying, professional jobs and more than $4.1 read more...
If you follow the news coming out of Washington, D.C., you already know that dramatic federal changes are being discussed and enacted in key business areas like health care and labor. That makes it a critical time for local read more...
Insights from Elizabeth Matthews, GLI's Public Policy Intern for Summer 2010 Last Friday, several GLI interns, along with many other Louisville area interns, boarded an Intern to Earn charter bus for a day tour around the region. We read more...
A report from the field (that would be the soccer field) from G.L.I.P. manager Michael Iacovazzi Pau For the most part we all try to be impartial being politically correct is something we are acutely aware of. However, when read more...
Road Under Second Street Bridge to Get a New, Inviting
Look read more...
The results are in – 98% of regional students plan to attend
college! read more...
you missed it… The
region is still a-buzz with discussions from the 2010 Leadership Expedition to Pittsburgh. Three
community leaders authored editorials last week regarding take-aways from the trip: read more...
When I first heard that BlEST—a Sports Media company founded by Louisville entrepreneur Jonathan Blue—would likely be acquired by Paris-based Lagardere Unlimited, I was not surprised. Anyone who knows Jonathan knows it was just a matter of time before BEST became one of the world’s largest and most successful companies in its space. read more...
Those of us in GLI’s ‘inner chamber’ are aware of the 2010 Leadership Expedition, which was a joint trip between Louisville and Lexington to study regionalism in Pittsburgh, Pa. read more...
Great news on the education front, which as we all know is critical to developing the skilled workforce we need for our companies. read more...
This is pretty neat – you can watch the new downtown arena’s completion via high resolution webcam. Get a sneak peak at what the inside will look like, from seats to scoreboards. read more...
Ernst & Young has announced its regional finalists for the Entrepreneur of the Year award – and Mark Crane, Executive Director of GLI’s ENTERPRISECORP, is one of them. Mark’s passion for helping grow and fund entrepreneurial businesses has been read more...
This Monday, May 24, the Kentucky General Assembly will convene for a special legislative session to finish work on the budget. As you may remember, House and Senate leaders could not come to a final agreement on the two read more...
Be a tourist in your hometown this month, as May is 2010 Hometown Tourist Month. More than 60 area attractions, restaurants and hotels are participating with 2 for 1 discounts and special offers throughout the month. For a complete list read more...
Summer is arriving, and soon interns will be settling in at businesses across the region. If your company has summer interns, you can help them meet other interns, connect with business leaders, network with peers, and learn more about read more...
The 2010 Greater Louisville Inc. and Commerce Lexington Leadership Expedition will be studying best practices that can be used to strengthen cities in Kentucky, and now citizens can follow the discoveries, speakers and innovations learned on the trip read more...
Business First recently organized a panel discussion with a dozen Louisville business owners to discuss the pressing needs of our city… especially as we approach the election of a new mayor for our community. The publication asked, “What do read more...