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Longship Marks Opening of New Building
Longship, a third-party logistics provider, celebrated the opening of its new 29,000-plus square foot office in the Hamburg area of Lexington. The new building represents a $4.3 million investment with a planned 155 new jobs. Longship’s leaders, including founder Kenny Ray Schomp, cut a ribbon at the company’s new 29,000-plus-square-foot office on Sir Barton Way. Relocated from its former operation on Newtown Pike, the larger office will accommodate additional staff to better serve the company’s growing customer base of transporters.
“I would like to personally thank our dedicated team members who work day in and day out to make Longship an industry leading third-party logistics provider,” Schomp said. “This building is not only an investment back in the community, but it is also an investment in each and every one of our dedicated staff. I could not be more excited about the opportunities this facility will provide.”
Established in Lexington in 2012, Longship is a third-party logistics provider specializing in shipping fresh, frozen and dry products. Its fleet includes refrigerated trucks, flatbeds, dry and vented vans, step deck, Conestoga and removable gooseneck trailers. The company began with a lone double-wide trailer transporting produce throughout the United States and has grown to include operations in Lexington and Nashville with a network of 400,000 trucks equipped with load-tracking GPS services and 24/7 client support.
“With its prime location at the crossroads of two major interstates, Lexington has had a logistics advantage for quite some time,” Quick said. “The opening of Longship’s new expanded facility will not only add great-paying jobs for families across our region, but will also further strengthen Central Kentucky as a leader in logistics innovation. The pandemic showed just how important it was to continue delivering goods across the country, and that need has only increased since last year. Congratulations to Longship on this expansion, and we appreciate its investment in the regional economy.”
Longship’s investment and planned job creation adds to recent economic momentum in the commonwealth, as the state builds back stronger following the effects of the pandemic.
Longship, a third-party logistics provider, celebrated the opening of its new 29,000-plus square foot office in the Hamburg area of Lexington. The new building represents a $4.3 million investment with a planned 155 new jobs. Longship’s leaders, including founder Kenny Ray Schomp, cut a ribbon at the company’s new 29,000-plus-square-foot office on Sir Barton Way. Relocated from its former operation on Newtown Pike, the larger office will accommodate additional staff to better serve the company’s growing customer base of transporters.
“I would like to personally thank our dedicated team members who work day in and day out to make Longship an industry leading third-party logistics provider,” Schomp said. “This building is not only an investment back in the community, but it is also an investment in each and every one of our dedicated staff. I could not be more excited about the opportunities this facility will provide.”
Established in Lexington in 2012, Longship is a third-party logistics provider specializing in shipping fresh, frozen and dry products. Its fleet includes refrigerated trucks, flatbeds, dry and vented vans, step deck, Conestoga and removable gooseneck trailers. The company began with a lone double-wide trailer transporting produce throughout the United States and has grown to include operations in Lexington and Nashville with a network of 400,000 trucks equipped with load-tracking GPS services and 24/7 client support.
“With its prime location at the crossroads of two major interstates, Lexington has had a logistics advantage for quite some time,” Quick said. “The opening of Longship’s new expanded facility will not only add great-paying jobs for families across our region, but will also further strengthen Central Kentucky as a leader in logistics innovation. The pandemic showed just how important it was to continue delivering goods across the country, and that need has only increased since last year. Congratulations to Longship on this expansion, and we appreciate its investment in the regional economy.”
Longship’s investment and planned job creation adds to recent economic momentum in the commonwealth, as the state builds back stronger following the effects of the pandemic.
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Fayette County Now Among Federal Disaster Declaration Counties Impacted by Recent Flooding
Fayette County is now a Primary county in the disaster declaration for the severe storms, flooding, landslides and mudslides that ravaged Eastern KY from Feb. 27-March 14, 2021.
[View SBA Disaster Assistance Flyer]
In Primary Counties, disaster loans are available for businesses of all sizes, non-profits, faith-based organizations, homeowners and renters. Primary counties include: Anderson, Boyd, Breathitt, Clark, Clay, Estill, Fayette, Floyd, Franklin, Greenup, Jackson, Jessamine, Johnson, Knott, Laurel, Lawrence, Lee, Leslie, Letcher, Lincoln, Madison, Magoffin, Martin, Morgan, Owsley, Perry, Powell, Pulaski, Rockcastle, Warren, and Woodford.
In Contiguous Counties, only Economic Injury Disaster Loans (EIDLs) are available to small businesses and non-profits: Allen, Barren, Bell, Bourbon, Boyle, Butler, Carter, Casey, Edmonson, Elliott, Garrard, Harlan, Henry, Knox, Lewis, Logan, McCreary, Menifee, Mercer, Montgomery, Nelson, Owen, Pike, Rowan, Russell, Scott, Shelby, Simpson, Spencer, Washington, Wayne, Whitley, and Wolfe.
People should first register with FEMA at https://www.disaterassistance.gov.
What Types of Disaster Loans are Available?
What are the Credit Requirements?
What are the Interest Rates?
Interest rates are as low as 3% for businesses, 2% for nonprofit organizations, and 1.125% for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
How to apply:
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoan.sba.gov. Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing [email protected].
Loan applications can also be downloaded at sba.gov/disaster.
What is the deadline?
The filing deadline to return applications for physical property damage is currently June 22, 2021, but we expect the deadline to be extended by 30 days. The deadline to return economic injury applications is Jan. 24, 2022.
PROGRAM HIGHLIGHTS:
Fayette County is now a Primary county in the disaster declaration for the severe storms, flooding, landslides and mudslides that ravaged Eastern KY from Feb. 27-March 14, 2021.
[View SBA Disaster Assistance Flyer]
In Primary Counties, disaster loans are available for businesses of all sizes, non-profits, faith-based organizations, homeowners and renters. Primary counties include: Anderson, Boyd, Breathitt, Clark, Clay, Estill, Fayette, Floyd, Franklin, Greenup, Jackson, Jessamine, Johnson, Knott, Laurel, Lawrence, Lee, Leslie, Letcher, Lincoln, Madison, Magoffin, Martin, Morgan, Owsley, Perry, Powell, Pulaski, Rockcastle, Warren, and Woodford.
In Contiguous Counties, only Economic Injury Disaster Loans (EIDLs) are available to small businesses and non-profits: Allen, Barren, Bell, Bourbon, Boyle, Butler, Carter, Casey, Edmonson, Elliott, Garrard, Harlan, Henry, Knox, Lewis, Logan, McCreary, Menifee, Mercer, Montgomery, Nelson, Owen, Pike, Rowan, Russell, Scott, Shelby, Simpson, Spencer, Washington, Wayne, Whitley, and Wolfe.
People should first register with FEMA at https://www.disaterassistance.gov.
What Types of Disaster Loans are Available?
- Business Physical Disaster Loans – Loans to businesses to repair or replace disaster-damaged property owned by the business, including real estate, inventories, supplies, machinery and equipment. Businesses of any size are eligible. Private, non-profit organizations such as charities, churches, private universities, etc., are also eligible. The law limits business loans to $2,000,000.
- Economic Injury Disaster Loans (EIDL) – Working capital loans to help small businesses, small agricultural cooperatives, small businesses engaged in aquaculture, and most private, non-profit organizations of all sizes meet their ordinary and necessary financial obligations that cannot be met as a direct result of the disaster. These loans are intended to assist through the disaster recovery period.
- Home Disaster Loans – Loans to homeowners or renters to repair or replace disaster-damaged real estate and personal property, including automobiles.
What are the Credit Requirements?
- Credit History – Applicants must have a credit history acceptable to SBA.
- Repayment – Applicants must show the ability to repay all loans.
- Collateral – Collateral is required for physical loss loans over $25,000 and all EIDL loans over $25,000. SBA takes real estate as collateral when it is available. SBA will not decline a loan for lack of collateral, but requires you to pledge what is available.
What are the Interest Rates?
Interest rates are as low as 3% for businesses, 2% for nonprofit organizations, and 1.125% for homeowners and renters, with terms up to 30 years. Loan amounts and terms are set by the SBA and are based on each applicant’s financial condition.
How to apply:
Applicants may apply online using the Electronic Loan Application (ELA) via SBA’s secure website at DisasterLoan.sba.gov. Businesses and individuals may also obtain information and loan applications by calling the SBA’s Customer Service Center at 1-800-659-2955 (1-800-877-8339 for the deaf and hard-of-hearing), or by emailing [email protected].
Loan applications can also be downloaded at sba.gov/disaster.
What is the deadline?
The filing deadline to return applications for physical property damage is currently June 22, 2021, but we expect the deadline to be extended by 30 days. The deadline to return economic injury applications is Jan. 24, 2022.
PROGRAM HIGHLIGHTS:
- Applying for a disaster loan is part of the FEMA process
- Applying for a disaster loan is FREE and there is NO PRESSURE to accept a loan
- If FEMA says, “apply to SBA,” and a survivor doesn’t; they won’t continue to move through the FEMA process
- If SBA denies a person’s loan application, we re-route them back to FEMA for potential additional grant consideration
- Disaster loans are for one’s primary residence
- We have people available to help your survivors apply. Your office could email their contact info to [email protected], or they can email directly and ask for help; or you can give me contact info of survivors you’d like us to help.
- Survivors can apply online at disasterloan.sba.gov; call our Customer Service Center if they have questions – 800-659-2955, 7 days/week, 8 a.m.-8 p.m. – or email to [email protected]
- Driveways, culverts, septic systems, wells, sheds, garages, fencing, decks, a private bridge for access to a primary residence, etc. are generally all eligible under the disaster loan program
- Interest rates are as low as 1.25% for homeowners and renters (most people receive that rate), and as low as 3% for businesses and are 2% for non-profits
- Terms are up to 30 years to make payments affordable, but there are no prepayment penalties for those who wish to pay off their loans early
- The loans are direct from the U.S. Treasury, not a bank. The terms and interest rate don’t change.
- The first payment is not due until 18 months from the date of the Note; however, interest accrues during that period
- No collateral is required for loans of $25,000 or less.
Commerce Lexington Recognized Among Top Economic Development Groups by Site Selection
[Lexington, Kentucky] – For the third time in the last four years, Commerce Lexington Inc. is among the top economic development agencies in the nation, according to Site Selection magazine, which recently announced the Top Economic Development Groups in its May 2021 issue. Organizations named to the list are presented with the Mac Conway Award for Excellence in Economic Development, which recognizes national/regional economic development offices that were the most successful in attracting capital investment projects in 2020.
Kenny McDonald (One Columbus), who served as 2020 Chairman of the Board of the International Economic Development Council, said, “In some ways this has been the finest hour for the economic development community. Companies needed an extraordinary amount of help. It was a test of trust, and a test of whether you had built your collaborative networks. Economic development professionals have responded to meet this demand of our time, everything from the shutdown to the flurry of capital investment that’s now happening under a different environment.”
Named in honor of Site Selection founding publisher H. McKinley "Mac" Conway, this year’s award winners have been evaluated by an index that examines 2020 corporate facility investment as tracked by Site Selection’s proprietary Conway Projects database. Scores are awarded based on six criteria: total projects, total investment associated with those projects and jobs associated with those projects. The remaining three criteria represent a per capita calculation of those same metrics.
Commerce Lexington Inc. President and CEO, Bob Quick, said, “There’s no doubt that 2020 was one of the most difficult years on record for business and industry, but despite the barriers, Kentucky economic development professionals adapted quickly to a new way of recruiting companies. Gina Greathouse and her economic development team at Commerce Lexington, as well as many volunteers across our community, continued to reach out to companies and consultants locally and nationally to provide assistance and resources to better position them for growth and expansion. It took a strong team effort over the last year to maintain some of the momentum from the previous few years.”
Find out more about the awards on-line here: https://siteselection.com/issues/2021/may/2021-mac-conway-awards.cfm.
[Lexington, Kentucky] – For the third time in the last four years, Commerce Lexington Inc. is among the top economic development agencies in the nation, according to Site Selection magazine, which recently announced the Top Economic Development Groups in its May 2021 issue. Organizations named to the list are presented with the Mac Conway Award for Excellence in Economic Development, which recognizes national/regional economic development offices that were the most successful in attracting capital investment projects in 2020.
Kenny McDonald (One Columbus), who served as 2020 Chairman of the Board of the International Economic Development Council, said, “In some ways this has been the finest hour for the economic development community. Companies needed an extraordinary amount of help. It was a test of trust, and a test of whether you had built your collaborative networks. Economic development professionals have responded to meet this demand of our time, everything from the shutdown to the flurry of capital investment that’s now happening under a different environment.”
Named in honor of Site Selection founding publisher H. McKinley "Mac" Conway, this year’s award winners have been evaluated by an index that examines 2020 corporate facility investment as tracked by Site Selection’s proprietary Conway Projects database. Scores are awarded based on six criteria: total projects, total investment associated with those projects and jobs associated with those projects. The remaining three criteria represent a per capita calculation of those same metrics.
Commerce Lexington Inc. President and CEO, Bob Quick, said, “There’s no doubt that 2020 was one of the most difficult years on record for business and industry, but despite the barriers, Kentucky economic development professionals adapted quickly to a new way of recruiting companies. Gina Greathouse and her economic development team at Commerce Lexington, as well as many volunteers across our community, continued to reach out to companies and consultants locally and nationally to provide assistance and resources to better position them for growth and expansion. It took a strong team effort over the last year to maintain some of the momentum from the previous few years.”
Find out more about the awards on-line here: https://siteselection.com/issues/2021/may/2021-mac-conway-awards.cfm.
2021 Legislative Session Provided Several Big Takeaways for Business-Related Issues
The 2021 30-Day Regular Session of the Kentucky General Assembly has concluded. The General Assembly adjourned March 30 and the Governor’s second veto recess period ended on April 10. Although advocacy efforts looked different this year because of COVID-19 restrictions, nearly 200 of the more than 900 bills filed became law. The House and Senate Republican Caucuses hold super majorities in both chambers and overrode 34 of Governor Beshear’s vetoes. Commerce Lexington’s top priorities focused on COVID-19 business relief and pandemic related liability protection for business, funding for the Unemployment Insurance Trust Fund and investments in transportation and broadband infrastructure.
Here are the top 10 business takeaways from the 2021 legislative session:
State Budget:
The General Assembly passed a one-year Executive Branch budget (HB 192) for FY 21-22. It is basically a continuation budget from the previous year. It includes a healthy budget reserve, continued commitments to the state’s Medicare system and public employee pensions, no cuts to education and limited new one-time spending. An additional $17M is allocated to the performance-based funding model that supports higher education. This is the first General Fund increase for higher education in several budget cycles.
HB 382 provides $140M in General Funds for full-day kindergarten. The General Assembly also passed HB 249, a revenue bill that includes several modifications to state revenues such as allowing for a refundable tax credit program for film industry projects and a tax credit for one major rehabilitation for a certified historic structure (Seelbach Hotel in Louisville).
HB 372, providing tax credits for data centers and remote workers, did not become law.
The General Assembly returns in January 2022 for the 60-day budget session.
University of Kentucky:
The budget includes $14M in General Fund Bonds to match the University of Kentucky’s $14M to fund a facility for the Sanders Brown Center on Aging. Also included is state authorization for a federally funded Agriculture Research Center.
Business Reopening:
HB 1 allows businesses to operate without restriction if they follow CDC or Healthy at Work guidelines (whichever is less restrictive). SB 1 limits the Governor’s ability to extend emergency executive orders beyond 30 days without General Assembly approval, and SB 2 allows for more legislative oversight before emergency administrative regulations become law. The Governor filed a lawsuit in Franklin Circuit Court challenging these bills. Judge Phillip Shepherd issued a temporary stay on HB 1 going into effect. As a result, employers are encouraged to continue to follow both the CDC and Healthy-at-Work guidelines.
COVID-19 Liability Protection:
Kentucky joins 30 other states in passing legislation (SB 5) providing targeted liability protection related to the COVID-19 emergency to businesses, hospitals, schools and local governments following a COVID-19 safety plan. SB 5 does not provide blanket immunity to all businesses. It does not protect bad actors acting in a malicious or grossly negligent way. There were amendments to the bill to make it clear liability protections are extended to services arising from COVID-19, which is defined in the bill. The bill does not protect an owner from liability unrelated to the emergency. For example, during the COVID-19 emergency, Section 1 of the bill would apply to COVID-19 exposure liability but not slips, falls or other accidents. Having this protection in place is critical to reducing frivolous lawsuits.
Unemployment Insurance:
As part of HB 382, the General Assembly allocated $575M in federal stimulus funding to the state’s Unemployment Insurance Trust Fund. The additional funding helps repay the $800M+ federal loan and bring the fund back to pre-pandemic levels. This helps avoid steep increases in business assessments in the years ahead.
HB 413 also provides immediate unemployment insurance relief to employers. The legislation provides a one-year suspension of interest surcharge and a one-year freeze on the wage base and unemployment assessment schedule, returning employer contribution rates to “Schedule A.” The Kentucky Labor Cabinet said it will be mailing an “Amended 2021 Contribution Rate Notice” to employers to reflect the change in contribution rates. Without the freeze, the increase is expected to be on average $100 per employee per year.
SB 7 provides a waiver to stop the state from clawing back UI payments mistakenly sent to individuals during the pandemic.
PPP Tax Conformity:
The General Assembly made a critical tax fix confirming Kentucky with federal rules allowing a business receiving a forgivable PPP loan to deduct expenses paid using the loan dollars (HB 278).
Historical Horse Racing:
One of the big winners this session is the equine industry. With the passage of SB 120, the General Assembly amended current statutes to define pari-mutuel wagering to include historical horse wagering within a regulatory framework consistent with how Kentucky’s Horse Racing Commission has regulated live racing and historical horse racing for the past ten years. A recent Supreme Court decision related to historical horse racing put the industry and facilities like The Red Mile in Lexington in jeopardy of closing. The clarity in statute helped save jobs directly associated with historical horse racing and more than $52 million to the state’s General Fund. Historical horse racing also contributes to higher purses and a more competitive racing circuit in Kentucky.
Infrastructure:
As part of HB 320, the General Assembly allocated $250M in federal relief funds to a broadband redeployment fund with an emphasis on projects in rural or underserved areas. No more than $50M can be awarded before April 1, 2022. HB 382 also provides an additional $50M in federal relief funds for broadband projects including those supporting economic development activities. HB 561, an infrastructure modernization package to increase funding for the state’s transportation system, did not advance this session.
Pension Reform:
The General Assembly took an important step in addressing Kentucky’s $40 billion public employee pension system liability by creating a new tier for the Kentucky Teachers Retirement System. HB 258 creates a hybrid benefit plan (defined benefit/defined contribution) for newly hired teachers only. It did not make changes to benefits for current or retired teachers.
Voting Changes:
With bipartisan support, the General Assembly passed HB 574 to make changes to Kentucky’s election process. The bill was spearheaded by Secretary of State Mike Adams. The legislation makes it easier to vote and improve ballot security. Some of the changes include allowing for three days of early in-person voting, including a Saturday, before Election Day; maintaining an online portal for Kentuckians to request a mail-in absentee ballot and ensure balloting is fully transparent; and allowing County Clerks to establish vote centers where any voter can vote regardless of precinct.
To read more policy highlights from the session including criminal justice and recovery reforms and more, DOWNLOAD A SUMMARY DOCUMENT HERE.
The 2021 30-Day Regular Session of the Kentucky General Assembly has concluded. The General Assembly adjourned March 30 and the Governor’s second veto recess period ended on April 10. Although advocacy efforts looked different this year because of COVID-19 restrictions, nearly 200 of the more than 900 bills filed became law. The House and Senate Republican Caucuses hold super majorities in both chambers and overrode 34 of Governor Beshear’s vetoes. Commerce Lexington’s top priorities focused on COVID-19 business relief and pandemic related liability protection for business, funding for the Unemployment Insurance Trust Fund and investments in transportation and broadband infrastructure.
Here are the top 10 business takeaways from the 2021 legislative session:
State Budget:
The General Assembly passed a one-year Executive Branch budget (HB 192) for FY 21-22. It is basically a continuation budget from the previous year. It includes a healthy budget reserve, continued commitments to the state’s Medicare system and public employee pensions, no cuts to education and limited new one-time spending. An additional $17M is allocated to the performance-based funding model that supports higher education. This is the first General Fund increase for higher education in several budget cycles.
HB 382 provides $140M in General Funds for full-day kindergarten. The General Assembly also passed HB 249, a revenue bill that includes several modifications to state revenues such as allowing for a refundable tax credit program for film industry projects and a tax credit for one major rehabilitation for a certified historic structure (Seelbach Hotel in Louisville).
HB 372, providing tax credits for data centers and remote workers, did not become law.
The General Assembly returns in January 2022 for the 60-day budget session.
University of Kentucky:
The budget includes $14M in General Fund Bonds to match the University of Kentucky’s $14M to fund a facility for the Sanders Brown Center on Aging. Also included is state authorization for a federally funded Agriculture Research Center.
Business Reopening:
HB 1 allows businesses to operate without restriction if they follow CDC or Healthy at Work guidelines (whichever is less restrictive). SB 1 limits the Governor’s ability to extend emergency executive orders beyond 30 days without General Assembly approval, and SB 2 allows for more legislative oversight before emergency administrative regulations become law. The Governor filed a lawsuit in Franklin Circuit Court challenging these bills. Judge Phillip Shepherd issued a temporary stay on HB 1 going into effect. As a result, employers are encouraged to continue to follow both the CDC and Healthy-at-Work guidelines.
COVID-19 Liability Protection:
Kentucky joins 30 other states in passing legislation (SB 5) providing targeted liability protection related to the COVID-19 emergency to businesses, hospitals, schools and local governments following a COVID-19 safety plan. SB 5 does not provide blanket immunity to all businesses. It does not protect bad actors acting in a malicious or grossly negligent way. There were amendments to the bill to make it clear liability protections are extended to services arising from COVID-19, which is defined in the bill. The bill does not protect an owner from liability unrelated to the emergency. For example, during the COVID-19 emergency, Section 1 of the bill would apply to COVID-19 exposure liability but not slips, falls or other accidents. Having this protection in place is critical to reducing frivolous lawsuits.
Unemployment Insurance:
As part of HB 382, the General Assembly allocated $575M in federal stimulus funding to the state’s Unemployment Insurance Trust Fund. The additional funding helps repay the $800M+ federal loan and bring the fund back to pre-pandemic levels. This helps avoid steep increases in business assessments in the years ahead.
HB 413 also provides immediate unemployment insurance relief to employers. The legislation provides a one-year suspension of interest surcharge and a one-year freeze on the wage base and unemployment assessment schedule, returning employer contribution rates to “Schedule A.” The Kentucky Labor Cabinet said it will be mailing an “Amended 2021 Contribution Rate Notice” to employers to reflect the change in contribution rates. Without the freeze, the increase is expected to be on average $100 per employee per year.
SB 7 provides a waiver to stop the state from clawing back UI payments mistakenly sent to individuals during the pandemic.
PPP Tax Conformity:
The General Assembly made a critical tax fix confirming Kentucky with federal rules allowing a business receiving a forgivable PPP loan to deduct expenses paid using the loan dollars (HB 278).
Historical Horse Racing:
One of the big winners this session is the equine industry. With the passage of SB 120, the General Assembly amended current statutes to define pari-mutuel wagering to include historical horse wagering within a regulatory framework consistent with how Kentucky’s Horse Racing Commission has regulated live racing and historical horse racing for the past ten years. A recent Supreme Court decision related to historical horse racing put the industry and facilities like The Red Mile in Lexington in jeopardy of closing. The clarity in statute helped save jobs directly associated with historical horse racing and more than $52 million to the state’s General Fund. Historical horse racing also contributes to higher purses and a more competitive racing circuit in Kentucky.
Infrastructure:
As part of HB 320, the General Assembly allocated $250M in federal relief funds to a broadband redeployment fund with an emphasis on projects in rural or underserved areas. No more than $50M can be awarded before April 1, 2022. HB 382 also provides an additional $50M in federal relief funds for broadband projects including those supporting economic development activities. HB 561, an infrastructure modernization package to increase funding for the state’s transportation system, did not advance this session.
Pension Reform:
The General Assembly took an important step in addressing Kentucky’s $40 billion public employee pension system liability by creating a new tier for the Kentucky Teachers Retirement System. HB 258 creates a hybrid benefit plan (defined benefit/defined contribution) for newly hired teachers only. It did not make changes to benefits for current or retired teachers.
Voting Changes:
With bipartisan support, the General Assembly passed HB 574 to make changes to Kentucky’s election process. The bill was spearheaded by Secretary of State Mike Adams. The legislation makes it easier to vote and improve ballot security. Some of the changes include allowing for three days of early in-person voting, including a Saturday, before Election Day; maintaining an online portal for Kentuckians to request a mail-in absentee ballot and ensure balloting is fully transparent; and allowing County Clerks to establish vote centers where any voter can vote regardless of precinct.
To read more policy highlights from the session including criminal justice and recovery reforms and more, DOWNLOAD A SUMMARY DOCUMENT HERE.
Kentucky Legislative Session Ends March 30th
The Kentucky General Assembly is currently adjourned, while the Governor considers legislative vetoes. Lawmakers return on March 29 and March 30 for the final two days of the 30-Day Regular Session. During this time, the General Assembly can pass legislation and override gubernatorial vetoes if they choose.
The first part (January) of the Regular Session was focused on the passage of the priority bills for the House and Senate Republican Majority Caucuses. Several of the priority bills addressed COVID-19 business reopening and clarifying legislative authority during a state of emergency. The Governor filed a lawsuit in Franklin Circuit Court challenging three of the priority bills dealing with COVID-19 restrictions and Executive Branch powers. HB 1 allows businesses to operate without restriction if following CDC or Healthy-at-Work guidelines (whichever is less restrictive). SB 1 limits the Governor’s ability to extend emergency Executive Orders beyond 30 days without General Assembly approval, and SB 2 allows for more legislative oversight before emergency administrative regulations become law. Judge Phillip Shepherd issued a temporary stay on HB 1 going into effect. As a result, employers are encouraged to continue to follow both the CDC and Healthy-at-Work guidelines.
The second part of the session (February/March) has been focused on the budget bills and a variety of policy legislation dealing with historical horse racing, unemployment insurance, education, pension reform, criminal justice, health care, business liability and regulatory issues.
As anticipated, the House and Senate passed a more conservative Executive Branch budget (HB 192) than the Governor’s proposal for next fiscal year. Sen. Chris McDaniel, Senate Appropriations and Revenue Chairman, said the state’s FY 21-22 budget is a 95% continuation budget from the previous year. It includes a healthy budget reserve, continued commitments to Medicare and pensions and limited new spending due to continued economic uncertainty. McDaniel emphasized that while the state ended the year in a better financial position than expected, this uptick was due in large part to federal stimulus funds boosting revenues.
The budget bill does not cut funding for K-12 and public post-secondary institutions such as the University of Kentucky. An additional $17 million is allocated to the performance-based funding model. This is the first General Fund increase for higher education in several budget cycles. Additionally, the budget includes $14 million in General Fund Bonds to match the University of Kentucky’s $14 million to fund a facility for the Sanders Brown Center on Aging. Also included is state authorization for a federally funded Agriculture Research Center.
HB 192 does not allocate additional federal stimulus dollars. The state is expected to receive $2.4 billion more in federal stimulus funding. This is in addition to more federal funds for local governments, capital projects, K-12 and higher education. HB 192 also includes language requiring the Governor to get legislative approval before allocating the state’s federal stimulus funding. It is unclear if an agreement can be reached prior to March 30 or if the Governor will call legislators back for a special session or wait until January 2022 for stimulus funding discussions. The business community has been advocating for additional federal funds for the state’s Unemployment Insurance Trust Fund to avoid costly rate increases for employers.
The General Assembly also passed the legislative and judicial branch budgets. The Governor is reviewing the budget bills during the veto recess. They did not pass the Transportation Cabinet budget bill (HB 193) before the veto recess. It will be taken up in the final two days and will not be veto proof.
The House and Senate also passed HB 249 that includes several modifications to state revenues, such as allowing for a refundable tax credit program for film industry projects and a tax credit program for certified historic structures.
Of the nearly 900 bills filed this session, only a small percentage will make it through the legislative process to become law. Several priority business recovery issues have already advanced to the Governor’s desk, including freezing employer unemployment insurance rates at levels prior to the pandemic (HB 413). Another top business recovery issue is Paycheck Protection Program (PPP) tax conformity. On March 15, Governor Beshear signed HB 278 into law. It allows businesses receiving a forgivable PPP loan to deduct expenses paid using the loan dollars. Lexington Mayor Linda Gorton also signed Resolution 103-2021 to allow the deductibility of PPP funds for the 2020 tax year to further assist businesses impacted by the pandemic. Businesses may use the same tax treatment for PPP expenses on 2020 net profit filings as they are using for federal returns. The state and local conformity helps ensure businesses will not pay more in taxes this year due to federal assistance.
Commerce Lexington continues to advocate for broadband infrastructure investments, meaningful COVID-19 liability protections (SB 5) and increasing funding for transportation infrastructure investments (HB 563). SB 5 passed the House Judiciary Committee Tuesday evening, but it did not receive a House floor vote. A more detailed recap of session activity will be provided in the May issue of Business Focus magazine.
If you have questions or concerns about business-related legislation, contact Commerce Lexington’s Chief Lobbyist, Andi Johnson, at [email protected].
The Kentucky General Assembly is currently adjourned, while the Governor considers legislative vetoes. Lawmakers return on March 29 and March 30 for the final two days of the 30-Day Regular Session. During this time, the General Assembly can pass legislation and override gubernatorial vetoes if they choose.
The first part (January) of the Regular Session was focused on the passage of the priority bills for the House and Senate Republican Majority Caucuses. Several of the priority bills addressed COVID-19 business reopening and clarifying legislative authority during a state of emergency. The Governor filed a lawsuit in Franklin Circuit Court challenging three of the priority bills dealing with COVID-19 restrictions and Executive Branch powers. HB 1 allows businesses to operate without restriction if following CDC or Healthy-at-Work guidelines (whichever is less restrictive). SB 1 limits the Governor’s ability to extend emergency Executive Orders beyond 30 days without General Assembly approval, and SB 2 allows for more legislative oversight before emergency administrative regulations become law. Judge Phillip Shepherd issued a temporary stay on HB 1 going into effect. As a result, employers are encouraged to continue to follow both the CDC and Healthy-at-Work guidelines.
The second part of the session (February/March) has been focused on the budget bills and a variety of policy legislation dealing with historical horse racing, unemployment insurance, education, pension reform, criminal justice, health care, business liability and regulatory issues.
As anticipated, the House and Senate passed a more conservative Executive Branch budget (HB 192) than the Governor’s proposal for next fiscal year. Sen. Chris McDaniel, Senate Appropriations and Revenue Chairman, said the state’s FY 21-22 budget is a 95% continuation budget from the previous year. It includes a healthy budget reserve, continued commitments to Medicare and pensions and limited new spending due to continued economic uncertainty. McDaniel emphasized that while the state ended the year in a better financial position than expected, this uptick was due in large part to federal stimulus funds boosting revenues.
The budget bill does not cut funding for K-12 and public post-secondary institutions such as the University of Kentucky. An additional $17 million is allocated to the performance-based funding model. This is the first General Fund increase for higher education in several budget cycles. Additionally, the budget includes $14 million in General Fund Bonds to match the University of Kentucky’s $14 million to fund a facility for the Sanders Brown Center on Aging. Also included is state authorization for a federally funded Agriculture Research Center.
HB 192 does not allocate additional federal stimulus dollars. The state is expected to receive $2.4 billion more in federal stimulus funding. This is in addition to more federal funds for local governments, capital projects, K-12 and higher education. HB 192 also includes language requiring the Governor to get legislative approval before allocating the state’s federal stimulus funding. It is unclear if an agreement can be reached prior to March 30 or if the Governor will call legislators back for a special session or wait until January 2022 for stimulus funding discussions. The business community has been advocating for additional federal funds for the state’s Unemployment Insurance Trust Fund to avoid costly rate increases for employers.
The General Assembly also passed the legislative and judicial branch budgets. The Governor is reviewing the budget bills during the veto recess. They did not pass the Transportation Cabinet budget bill (HB 193) before the veto recess. It will be taken up in the final two days and will not be veto proof.
The House and Senate also passed HB 249 that includes several modifications to state revenues, such as allowing for a refundable tax credit program for film industry projects and a tax credit program for certified historic structures.
Of the nearly 900 bills filed this session, only a small percentage will make it through the legislative process to become law. Several priority business recovery issues have already advanced to the Governor’s desk, including freezing employer unemployment insurance rates at levels prior to the pandemic (HB 413). Another top business recovery issue is Paycheck Protection Program (PPP) tax conformity. On March 15, Governor Beshear signed HB 278 into law. It allows businesses receiving a forgivable PPP loan to deduct expenses paid using the loan dollars. Lexington Mayor Linda Gorton also signed Resolution 103-2021 to allow the deductibility of PPP funds for the 2020 tax year to further assist businesses impacted by the pandemic. Businesses may use the same tax treatment for PPP expenses on 2020 net profit filings as they are using for federal returns. The state and local conformity helps ensure businesses will not pay more in taxes this year due to federal assistance.
Commerce Lexington continues to advocate for broadband infrastructure investments, meaningful COVID-19 liability protections (SB 5) and increasing funding for transportation infrastructure investments (HB 563). SB 5 passed the House Judiciary Committee Tuesday evening, but it did not receive a House floor vote. A more detailed recap of session activity will be provided in the May issue of Business Focus magazine.
If you have questions or concerns about business-related legislation, contact Commerce Lexington’s Chief Lobbyist, Andi Johnson, at [email protected].
WATCH ABOVE: On December 14th, Commerce Lexington Inc. hosted a Legislative Preview presented by the Kentucky Coal Association to give a look at the key business issues going into the upcoming 2021 Legislative Session. Participants included several members of the Fayette County delegation, including three new members who were elected this fall, as well as Senate President Robert Stivers. We virtually heard from Senator Ralph Alvarado, Senator Tom Buford, Senator Reggie Thomas, Representative Matt Koch, Representative Phillip Pratt, Representative-Elect Killian Timoney, Representative-Elect Matt Lockett, and Representative-Elect Dan Fister.
CLICK ON IMAGE TO VIEW THE 2021 POLICY STATEMENTS
Lawmakers Return in January for 2021 Regular Session
The COVID-19 pandemic resulted in unprecedented economic disruption in Central Kentucky. Now more than ever, it is critical for the business community to stay connected with elected leaders about recovery needs and advocate for policies at the local, state and federal levels of government that help support businesses and economic growth.
State lawmakers return to Frankfort in January for the 2021 Regular Session of the Kentucky General Assembly. A top priority for legislators is the passage of the second year (FY21-22) budget. Legislative leaders involved in the appropriations process recently commented it is likely the budget will be a continuation of the current year budget. For the business community, other top issues for advocacy will be policy reforms to expedite the recovery process. Some of these issues include:
Liability Protections: Commerce Lexington supports the General Assembly providing limited, targeted COVID-19 legal liability protections for businesses, schools and others following state and federal guidelines to avoid costly, frivolous lawsuits and ensure a swift economic recovery.
Unemployment Insurance: Unemployment numbers rose in Kentucky in the wake of COVID-19 due to mandated business closures and additional regulations. Kentucky’s Unemployment Insurance (UI) Trust Fund carried a balance of about $618 million before the pandemic, but the fund dwindled to $0 as the state continued to lead the nation in unemployment. In 2021, business are facing an increase in UI payments per employee due to the drop in the Trust Fund. Commerce Lexington is grateful Gov. Beshear committed allocating a portion of federal CARES Act dollars to the UI fund to begin paying back a federal loan of more than $800 million used to pay benefits. However, Commerce Lexington supports the General Assembly considering reforms to the UI system to minimize the cost to Kentucky businesses while protecting this vital support for employees.
Transportation Infrastructure: Due in part to the pandemic, Kentucky’s Road Fund lost $74.6 million compared to the previous fiscal year. An additional $500 million per year is needed to maintain and improve Kentucky’s roadways and another $200 million per year to maintain and replace deteriorating bridge structures across the state. The recent closure of the Brent Spence Bridge in Northern Kentucky, which transports 3% of the nation’s GDP daily, is also highlighting the need for investments to keep Kentucky’s logistics advantage. Commerce Lexington supports the General Assembly modernizing the transportation funding distribution model to make it more equitable for areas with higher levels of transportation activity and needs, and modernizing the method for funding infrastructure to better reflect the current state of transportation as well as anticipate future needs on our transportation systems.
Broadband Service: The COVID-19 crisis has also made clear that broadband infrastructure is critical to economic development. Commerce Lexington encourages the General Assembly to make investments to help close the gaps and increase the deployment of wired and wireless networks including in underserved areas of Central Kentucky to improve access for remote learning and work.
Education and Workforce Development: In recent legislative sessions, the General Assembly has taken great strides to address the workforce challenges faced by Kentucky employers by investing in education and removing barriers to work. In the 2021 budget, Commerce Lexington supports prioritizing investment in all education levels, funding for critical workforce training initiatives, such as the Work Ready Kentucky Scholarship program, removing barriers to work by funding substance use disorder treatment, and stabilizing and expanding Kentucky’s childcare sector.
Signature Industries: Commerce Lexington also supports efforts to help Kentucky’s equine industry remain competitive such historical horse wagering and sports betting. Commerce Lexington also supports the General Assembly to providing direct and meaningful financial assistance to the tourism industry to help businesses survive pandemic restrictions.
FOR MORE INFORMATION:
For more information about Commerce Lexington Inc.’s policy positions on local, state and federal issues, view the 2021 Policy Statements HERE and watch for our legislative e-mail updates. If you have questions, contact Andi Johnson, Commerce Lexington Inc.'s Chief Policy Officer.
The COVID-19 pandemic resulted in unprecedented economic disruption in Central Kentucky. Now more than ever, it is critical for the business community to stay connected with elected leaders about recovery needs and advocate for policies at the local, state and federal levels of government that help support businesses and economic growth.
State lawmakers return to Frankfort in January for the 2021 Regular Session of the Kentucky General Assembly. A top priority for legislators is the passage of the second year (FY21-22) budget. Legislative leaders involved in the appropriations process recently commented it is likely the budget will be a continuation of the current year budget. For the business community, other top issues for advocacy will be policy reforms to expedite the recovery process. Some of these issues include:
Liability Protections: Commerce Lexington supports the General Assembly providing limited, targeted COVID-19 legal liability protections for businesses, schools and others following state and federal guidelines to avoid costly, frivolous lawsuits and ensure a swift economic recovery.
Unemployment Insurance: Unemployment numbers rose in Kentucky in the wake of COVID-19 due to mandated business closures and additional regulations. Kentucky’s Unemployment Insurance (UI) Trust Fund carried a balance of about $618 million before the pandemic, but the fund dwindled to $0 as the state continued to lead the nation in unemployment. In 2021, business are facing an increase in UI payments per employee due to the drop in the Trust Fund. Commerce Lexington is grateful Gov. Beshear committed allocating a portion of federal CARES Act dollars to the UI fund to begin paying back a federal loan of more than $800 million used to pay benefits. However, Commerce Lexington supports the General Assembly considering reforms to the UI system to minimize the cost to Kentucky businesses while protecting this vital support for employees.
Transportation Infrastructure: Due in part to the pandemic, Kentucky’s Road Fund lost $74.6 million compared to the previous fiscal year. An additional $500 million per year is needed to maintain and improve Kentucky’s roadways and another $200 million per year to maintain and replace deteriorating bridge structures across the state. The recent closure of the Brent Spence Bridge in Northern Kentucky, which transports 3% of the nation’s GDP daily, is also highlighting the need for investments to keep Kentucky’s logistics advantage. Commerce Lexington supports the General Assembly modernizing the transportation funding distribution model to make it more equitable for areas with higher levels of transportation activity and needs, and modernizing the method for funding infrastructure to better reflect the current state of transportation as well as anticipate future needs on our transportation systems.
Broadband Service: The COVID-19 crisis has also made clear that broadband infrastructure is critical to economic development. Commerce Lexington encourages the General Assembly to make investments to help close the gaps and increase the deployment of wired and wireless networks including in underserved areas of Central Kentucky to improve access for remote learning and work.
Education and Workforce Development: In recent legislative sessions, the General Assembly has taken great strides to address the workforce challenges faced by Kentucky employers by investing in education and removing barriers to work. In the 2021 budget, Commerce Lexington supports prioritizing investment in all education levels, funding for critical workforce training initiatives, such as the Work Ready Kentucky Scholarship program, removing barriers to work by funding substance use disorder treatment, and stabilizing and expanding Kentucky’s childcare sector.
Signature Industries: Commerce Lexington also supports efforts to help Kentucky’s equine industry remain competitive such historical horse wagering and sports betting. Commerce Lexington also supports the General Assembly to providing direct and meaningful financial assistance to the tourism industry to help businesses survive pandemic restrictions.
FOR MORE INFORMATION:
For more information about Commerce Lexington Inc.’s policy positions on local, state and federal issues, view the 2021 Policy Statements HERE and watch for our legislative e-mail updates. If you have questions, contact Andi Johnson, Commerce Lexington Inc.'s Chief Policy Officer.
Commerce Lexington Inc. Statements on the Passing of FCPS Superintendent Manny Caulk:
BOB QUICK
PRESIDENT & CEO
COMMERCE LEXINGTON INC.
"The Commerce Lexington Inc. family and our local business community are saddened to learn of the passing of Fayette County Public Schools Superintendent Manny Caulk,” said Commerce Lexington Inc. President & CEO, Bob Quick. “From the moment Manny arrived in Lexington and became our superintendent in 2015, the best interests of our children were at the basis of every decision he made, every initiative or program that was created, and every refinement made in the operation of the district. His leadership has raised the profile of our schools on a national and global scale, while his focus on challenging Lexington leaders to work collectively toward raising the achievement levels of all students is positively impacting our local community. Our thoughts and prayers are with his family during this difficult time.”
RAY DANIELS
2020 BOARD CHAIR
COMMERCE LEXINGTON INC.
PRESIDENT, EQUITY SOLUTIONS GROUP
Commerce Lexington Inc. Board Chair Ray Daniels said, “Having served on the Fayette County School Board and the Commerce Lexington Inc. Board for a number of years, I can say that Manny Caulk fully recognized that education and business must collaborate in every way possible to ensure that the Lexington economy is strong for generations to come. As our 'Servant Superintendent,' his positive impacts on our school district will be felt for many years. Manny showed us the equitable way for all kids to achieve at a high level. He will forever be our Superintendent of the Year, and it is our pledge to carry on his work.”
BETSY DEXTER
EXECUTIVE DIRECTOR
BUSINESS & EDUCATION NETWORK
Business and Education Network Executive Director, Betsy Dexter, said, “Manny was a champion of education working together with business and industry to ensure that curriculum and student experiences reflected the skills needed for our current and future workforce. As a collaborative partner with the Business & Education Network, Manny and the Fayette County Public Schools have provided personnel, resources and guidance for the implementation of the Academies of Lexington, which are preparing our students to thrive in a global economy. We will miss him greatly.”
BOB QUICK
PRESIDENT & CEO
COMMERCE LEXINGTON INC.
"The Commerce Lexington Inc. family and our local business community are saddened to learn of the passing of Fayette County Public Schools Superintendent Manny Caulk,” said Commerce Lexington Inc. President & CEO, Bob Quick. “From the moment Manny arrived in Lexington and became our superintendent in 2015, the best interests of our children were at the basis of every decision he made, every initiative or program that was created, and every refinement made in the operation of the district. His leadership has raised the profile of our schools on a national and global scale, while his focus on challenging Lexington leaders to work collectively toward raising the achievement levels of all students is positively impacting our local community. Our thoughts and prayers are with his family during this difficult time.”
RAY DANIELS
2020 BOARD CHAIR
COMMERCE LEXINGTON INC.
PRESIDENT, EQUITY SOLUTIONS GROUP
Commerce Lexington Inc. Board Chair Ray Daniels said, “Having served on the Fayette County School Board and the Commerce Lexington Inc. Board for a number of years, I can say that Manny Caulk fully recognized that education and business must collaborate in every way possible to ensure that the Lexington economy is strong for generations to come. As our 'Servant Superintendent,' his positive impacts on our school district will be felt for many years. Manny showed us the equitable way for all kids to achieve at a high level. He will forever be our Superintendent of the Year, and it is our pledge to carry on his work.”
BETSY DEXTER
EXECUTIVE DIRECTOR
BUSINESS & EDUCATION NETWORK
Business and Education Network Executive Director, Betsy Dexter, said, “Manny was a champion of education working together with business and industry to ensure that curriculum and student experiences reflected the skills needed for our current and future workforce. As a collaborative partner with the Business & Education Network, Manny and the Fayette County Public Schools have provided personnel, resources and guidance for the implementation of the Academies of Lexington, which are preparing our students to thrive in a global economy. We will miss him greatly.”
Lexington Area's Entrepreneurial Community Reports Strong Economic Impact Data in Survey
Lexington, KY (Dec 1, 2020) - In lieu of the annual entrepreneurial celebration during Global Entrepreneurship Week, Commerce Lexington Economic Development and the University of Kentucky Office of Technology Commercialization launched a new Who Got the Money? website, www.whogotthemoney.com, on Tuesday, December 1. The website includes data collected from an annual survey on the area’s entrepreneurial economic impact for the fiscal year and recognizes Lexington’s entrepreneurial community.
While 2020 was a challenging year for all businesses, the survey serves as a reminder of the strong ecosystem startups have built in the Lexington region. The 77 responding companies represented industry sectors in biotechnology, AgTech, advanced manufacturing, e-commerce, independent game development, IT and software development, energy technologies and business services. They reported an average salary of $61,450 for full-time jobs and employed 546 people in Lexington and Central Kentucky. The region’s entrepreneurial community created 121 new jobs, raised $51.1 million in capital, and generated $94.5 million in revenue.
Commerce Lexington Inc. President and CEO, Bob Quick, said, “Lexington is often among the nation’s most recession-proof cities due to its diverse economy, a well-educated workforce, and an entrepreneurial spirit that drives innovation and creativity to the highest heights. Even in the face of the ongoing pandemic and economic challenges, Lexington’s entrepreneurial community proved once again that its ecosystem for startups is strong and growing through its recent economic impact survey that reflected robust figures for job growth, capital funds raised and revenue generated. The creativity of our business community has been on display all throughout 2020, as companies large and small continue to pivot their operations to meet the needs of the constantly evolving economy.”
“I am pleased to see that many Lexington startups have persevered despite the challenges of this year,” said Eric Hartman, Associate Director for New Ventures at the University of Kentucky Office of Technology Commercialization. “I look forward to seeing Kentucky innovators and entrepreneurs, through their ingenuity and diligent work, invent the new normal of our post-pandemic world.”
Who Got the Money? also recognized 22 recipients of the eAchiever Award for excellence in entrepreneurship. These companies received at least $1 million dollars in funding and/or created five new full-time jobs in Fiscal Year 2020, based on self-reported data from July 1, 2019 through June 30, 2020.
Who Got the Money? gave a Standout Performance award to Gun Media Holdings, a video game design company and producer of “Friday the 13th, The Game.” The Standout award recognizes a local startup that has had impressive revenue growth and success in raising capital despite the challenges of the COVID-19 pandemic.
“Three of our 11 team members moved here from larger states and 2 more are moving here in 2021,” said Wes Keltner, CEO and Founder of Gun Media Holdings. “It’s my team that helped our video games skyrocket in sales. It’s their diversity and creative ideas that propelled us forward. It’s also the investor scene in Lexington that cannot go unnoticed. Our games would not have been made without them. There aren’t many companies like Gun in the industry, let alone the state. It takes real vision to look past the potential risks and help push a company like mine forward. Thank you for this award and for your continued support and partnership.”
The 2020 Female Founded Startup of the Year award went to Sarah Alessi, co-founder of Lexington’s FlyWire Cameras. FlyWire, , a fishing sustainability platform for fisheries worldwide, that combines patented computer vision and artificial intelligence technology and with deep lean manufacturing expertise. This award celebrates the ingenuity, entrepreneurship and the successful venture funding efforts of one of the survey responder female-founded companies. Adam Brown, Creative Director and Founder of Marrow, the company sponsoring the award, said of FlyWire, “ This is a startup that understands if we want to protect our oceans for future generations, we have to remove barriers, not add them. This female co-founded startup is reframing the regulatory obligation as a growth opportunity for fisheries, decreasing resistance to adoption, and introducing data reporting technology to one of the planet’s oldest industries. Marrow is emboldened by FlyWire's mission for sustainable seas and eager to consult with its co-founders on a brand vision that elevates their technology’s global awareness and perceived value.”
For more information and to see the full list of award winners, please visit www.whogotthemoney.com.
Lexington, KY (Dec 1, 2020) - In lieu of the annual entrepreneurial celebration during Global Entrepreneurship Week, Commerce Lexington Economic Development and the University of Kentucky Office of Technology Commercialization launched a new Who Got the Money? website, www.whogotthemoney.com, on Tuesday, December 1. The website includes data collected from an annual survey on the area’s entrepreneurial economic impact for the fiscal year and recognizes Lexington’s entrepreneurial community.
While 2020 was a challenging year for all businesses, the survey serves as a reminder of the strong ecosystem startups have built in the Lexington region. The 77 responding companies represented industry sectors in biotechnology, AgTech, advanced manufacturing, e-commerce, independent game development, IT and software development, energy technologies and business services. They reported an average salary of $61,450 for full-time jobs and employed 546 people in Lexington and Central Kentucky. The region’s entrepreneurial community created 121 new jobs, raised $51.1 million in capital, and generated $94.5 million in revenue.
Commerce Lexington Inc. President and CEO, Bob Quick, said, “Lexington is often among the nation’s most recession-proof cities due to its diverse economy, a well-educated workforce, and an entrepreneurial spirit that drives innovation and creativity to the highest heights. Even in the face of the ongoing pandemic and economic challenges, Lexington’s entrepreneurial community proved once again that its ecosystem for startups is strong and growing through its recent economic impact survey that reflected robust figures for job growth, capital funds raised and revenue generated. The creativity of our business community has been on display all throughout 2020, as companies large and small continue to pivot their operations to meet the needs of the constantly evolving economy.”
“I am pleased to see that many Lexington startups have persevered despite the challenges of this year,” said Eric Hartman, Associate Director for New Ventures at the University of Kentucky Office of Technology Commercialization. “I look forward to seeing Kentucky innovators and entrepreneurs, through their ingenuity and diligent work, invent the new normal of our post-pandemic world.”
Who Got the Money? also recognized 22 recipients of the eAchiever Award for excellence in entrepreneurship. These companies received at least $1 million dollars in funding and/or created five new full-time jobs in Fiscal Year 2020, based on self-reported data from July 1, 2019 through June 30, 2020.
Who Got the Money? gave a Standout Performance award to Gun Media Holdings, a video game design company and producer of “Friday the 13th, The Game.” The Standout award recognizes a local startup that has had impressive revenue growth and success in raising capital despite the challenges of the COVID-19 pandemic.
“Three of our 11 team members moved here from larger states and 2 more are moving here in 2021,” said Wes Keltner, CEO and Founder of Gun Media Holdings. “It’s my team that helped our video games skyrocket in sales. It’s their diversity and creative ideas that propelled us forward. It’s also the investor scene in Lexington that cannot go unnoticed. Our games would not have been made without them. There aren’t many companies like Gun in the industry, let alone the state. It takes real vision to look past the potential risks and help push a company like mine forward. Thank you for this award and for your continued support and partnership.”
The 2020 Female Founded Startup of the Year award went to Sarah Alessi, co-founder of Lexington’s FlyWire Cameras. FlyWire, , a fishing sustainability platform for fisheries worldwide, that combines patented computer vision and artificial intelligence technology and with deep lean manufacturing expertise. This award celebrates the ingenuity, entrepreneurship and the successful venture funding efforts of one of the survey responder female-founded companies. Adam Brown, Creative Director and Founder of Marrow, the company sponsoring the award, said of FlyWire, “ This is a startup that understands if we want to protect our oceans for future generations, we have to remove barriers, not add them. This female co-founded startup is reframing the regulatory obligation as a growth opportunity for fisheries, decreasing resistance to adoption, and introducing data reporting technology to one of the planet’s oldest industries. Marrow is emboldened by FlyWire's mission for sustainable seas and eager to consult with its co-founders on a brand vision that elevates their technology’s global awareness and perceived value.”
For more information and to see the full list of award winners, please visit www.whogotthemoney.com.
Framebridge to Open Lexington Facility, Create 240 Manufacturing Jobs in Central Kentucky
Custom framing company to open second Kentucky manufacturing facility and accelerate hiring in time for Holiday
(October 8, 2020) - Framebridge, the custom framing disruptor that offers high-quality, affordable, and fast custom framing, will open a new manufacturing facility in Lexington, KY in October 2020. Framebridge currently operates a state-of-the-art 100,000 square foot manufacturing facility in Richmond, KY. This expansion will help meet growing demand as Framebridge expands its retail operations with three new stores recently opened in Brooklyn, NY and Atlanta, GA.
“The goal has always been to create a company that can be sustainable over the long term. By investing in an improved customer experience, the new manufacturing facility will provide our customers with faster delivery times and a higher standard of quality,” said Susan Tynan, Founder & CEO of Framebridge. “As people spend more time at home reflecting on their life’s highlights, we continue to see growth both from retail and online shoppers in 2020. With the widespread renewed focus on home and people feeling more nostalgic during this holiday season where we may be apart from friends and family, we expect to see new customers and a growing excitement for affordable and easy custom framing.”
The new 49,000 square-foot production facility will immediately increase Framebridge’s operational capacity to meet an expected increase in customer orders driven by the holiday season. The facility plans an initial hire of 120 manufacturing jobs by the end of the year. The studio will feature processes and machinery powered by Framebridge’s proprietary production software. Framebridge will continue to operate its existing framing facility in Richmond, KY and has plans for an additional 120 manufacturing hires for the Richmond facility this year.
“I am very proud to lead such a transformational operations team that has seen rapid success,” said Mike Kane, SVP of Operations & Supply Chain at Framebridge. “In my time here at Framebridge, we've been able to make significant operational improvements to achieve healthy margins with increased scale. Our commitment to innovation and growth continues to be driven by consumers' demand for fast, affordable and high quality custom framing and that's exactly what we're building. Unfortunately, the pandemic has severely impacted local economies with unemployment being hit the hardest. We take great pride in being able to create 240 new manufacturing jobs by the end of this year.”
Framebridge launched its online platform in August 2014 as a solution to Founder and CEO Susan Tynan’s ongoing frustration over the outrageous pricing and complex process of custom framing. Since its inception, the brand has disrupted the traditional framing experience with a commitment to making the category easier, faster and more affordable without sacrificing quality or style while simultaneously enhancing the joy of the experience.
Following record e-commerce growth, Framebridge opened its first retail shop in Washington D.C. in March 2019 with a second location a month later in Maryland. The initial stores exceeded performance expectations and drove investments into a recently opened retail store in Brooklyn, NY. Growth is continuing outside of Framebridge’s home market of D.C. and NY by the expansion into the Southeast with two retail locations in Atlanta.
“Lexington’s resilient economy is still welcoming new companies to town, despite the pandemic,” Mayor Linda Gorton said. “Welcome to Framebridge, and to the new manufacturing jobs they are bringing here.”
“We are very excited to have Framebridge joining our community,” said Commerce Lexington Inc. President and CEO, Bob Quick. “With a facility already located in Richmond, their team is already very familiar with our region, and all of its amenities and advantages from a business standpoint. Framebridge has seen rapid growth in a short time, and this new Lexington facility will not only enable the company to meet the demands of the holiday season, but will also provide very good job opportunities to families across our region that have been especially hard hit by the ongoing COVID pandemic. Our team has enjoyed working with Framebridge during this project, and we thank them for their investment and positive impact in Lexington’s economic success.”
Richmond Mayor Robert Blythe said "Framebridge is a very much appreciated manufacturing operation in the City of Richmond. The announced addition of 120 new jobs in their Richmond operation is welcomed news. I have visited their local plant and am amazed at the technology that is being implemented."
Detailed information regarding available jobs at Framebridge Lexington and Richmond facilities is available here. For additional information regarding Framebridge, please contact [email protected]. For information regarding Commerce Lexington, please contact Mark Turner, [email protected].
About Framebridge
Founded in 2014 by CEO Susan Tynan, Framebridge has revolutionized custom framing. Framebridge recreated the traditional framing experience by offering high-quality, affordable, and fast custom framing direct-to-consumer through its website, app and stores. Framebridge is headquartered in Washington D.C. For more information, please visit framebridge.com or check out Framebridge on Instagram, Facebook and Twitter.
Custom framing company to open second Kentucky manufacturing facility and accelerate hiring in time for Holiday
(October 8, 2020) - Framebridge, the custom framing disruptor that offers high-quality, affordable, and fast custom framing, will open a new manufacturing facility in Lexington, KY in October 2020. Framebridge currently operates a state-of-the-art 100,000 square foot manufacturing facility in Richmond, KY. This expansion will help meet growing demand as Framebridge expands its retail operations with three new stores recently opened in Brooklyn, NY and Atlanta, GA.
“The goal has always been to create a company that can be sustainable over the long term. By investing in an improved customer experience, the new manufacturing facility will provide our customers with faster delivery times and a higher standard of quality,” said Susan Tynan, Founder & CEO of Framebridge. “As people spend more time at home reflecting on their life’s highlights, we continue to see growth both from retail and online shoppers in 2020. With the widespread renewed focus on home and people feeling more nostalgic during this holiday season where we may be apart from friends and family, we expect to see new customers and a growing excitement for affordable and easy custom framing.”
The new 49,000 square-foot production facility will immediately increase Framebridge’s operational capacity to meet an expected increase in customer orders driven by the holiday season. The facility plans an initial hire of 120 manufacturing jobs by the end of the year. The studio will feature processes and machinery powered by Framebridge’s proprietary production software. Framebridge will continue to operate its existing framing facility in Richmond, KY and has plans for an additional 120 manufacturing hires for the Richmond facility this year.
“I am very proud to lead such a transformational operations team that has seen rapid success,” said Mike Kane, SVP of Operations & Supply Chain at Framebridge. “In my time here at Framebridge, we've been able to make significant operational improvements to achieve healthy margins with increased scale. Our commitment to innovation and growth continues to be driven by consumers' demand for fast, affordable and high quality custom framing and that's exactly what we're building. Unfortunately, the pandemic has severely impacted local economies with unemployment being hit the hardest. We take great pride in being able to create 240 new manufacturing jobs by the end of this year.”
Framebridge launched its online platform in August 2014 as a solution to Founder and CEO Susan Tynan’s ongoing frustration over the outrageous pricing and complex process of custom framing. Since its inception, the brand has disrupted the traditional framing experience with a commitment to making the category easier, faster and more affordable without sacrificing quality or style while simultaneously enhancing the joy of the experience.
Following record e-commerce growth, Framebridge opened its first retail shop in Washington D.C. in March 2019 with a second location a month later in Maryland. The initial stores exceeded performance expectations and drove investments into a recently opened retail store in Brooklyn, NY. Growth is continuing outside of Framebridge’s home market of D.C. and NY by the expansion into the Southeast with two retail locations in Atlanta.
“Lexington’s resilient economy is still welcoming new companies to town, despite the pandemic,” Mayor Linda Gorton said. “Welcome to Framebridge, and to the new manufacturing jobs they are bringing here.”
“We are very excited to have Framebridge joining our community,” said Commerce Lexington Inc. President and CEO, Bob Quick. “With a facility already located in Richmond, their team is already very familiar with our region, and all of its amenities and advantages from a business standpoint. Framebridge has seen rapid growth in a short time, and this new Lexington facility will not only enable the company to meet the demands of the holiday season, but will also provide very good job opportunities to families across our region that have been especially hard hit by the ongoing COVID pandemic. Our team has enjoyed working with Framebridge during this project, and we thank them for their investment and positive impact in Lexington’s economic success.”
Richmond Mayor Robert Blythe said "Framebridge is a very much appreciated manufacturing operation in the City of Richmond. The announced addition of 120 new jobs in their Richmond operation is welcomed news. I have visited their local plant and am amazed at the technology that is being implemented."
Detailed information regarding available jobs at Framebridge Lexington and Richmond facilities is available here. For additional information regarding Framebridge, please contact [email protected]. For information regarding Commerce Lexington, please contact Mark Turner, [email protected].
About Framebridge
Founded in 2014 by CEO Susan Tynan, Framebridge has revolutionized custom framing. Framebridge recreated the traditional framing experience by offering high-quality, affordable, and fast custom framing direct-to-consumer through its website, app and stores. Framebridge is headquartered in Washington D.C. For more information, please visit framebridge.com or check out Framebridge on Instagram, Facebook and Twitter.
New Class Selected for 2020-21 Leadership Lexington Program
For over 40 years, Commerce Lexington Inc.’s Leadership Lexington program has been cultivating Lexington leaders, producing more than 1,600 graduates from this highly informative, educational and results-oriented leadership development program. Participants of the program have impacted our city in areas such as public art, childhood literacy, nutrition, healthy living, mentoring, financial literacy and more.
The Leadership Lexington Steering Committee is proud to announce the new class of Leadership Lexington for 2020-21, which includes individuals with varied backgrounds from a variety of segments of the Lexington community. The program provides people the opportunity to better understand our city and to prepare for the challenges it faces by meeting with and learning from today’s leaders. Leadership Lexington is an educational opportunity that broadens perspectives and allows participants to gain increased understanding of community dynamics and public issues.
Commerce Lexington Inc.’s Director of Leadership Development, Amy Stout, said, “Operating a leadership development program in the era of COVID-19 has resulted in important changes to protect the safety and well-being of those in the program, including a reduction of the class size to 25 participants to allow for plenty of social distancing capability and guidance prior to each day session for protocols based on Kentucky’s ‘Healthy at Work,’ CDC and Lexington Health Department recommendations. Despite the challenges COVID-19 presents, the Steering Committee is committed to fulfilling the mission of the program and delivering an exceptional learning experience for the participants whether through safe in-person activities or within a virtual capacity.”
The 2020-21 program presented by McBrayer PLLC will kick off with an orientation session at Boone Tavern on August 20-21. Then, beginning in September and through June, the class will meet in different locations around the area each month with a major program topic covered by knowledgeable speakers and panels, tours, group activities, demonstrations, and class discussions. Sessions will cover topics, such as media, government, education, public safety, economic development, arts, equine, diversity, health and human services, and leadership development. Find out more on-line at www.leadershiplexington.com.
2020-21 LEADERSHIP LEXINGTON CLASS MEMBERS:
For over 40 years, Commerce Lexington Inc.’s Leadership Lexington program has been cultivating Lexington leaders, producing more than 1,600 graduates from this highly informative, educational and results-oriented leadership development program. Participants of the program have impacted our city in areas such as public art, childhood literacy, nutrition, healthy living, mentoring, financial literacy and more.
The Leadership Lexington Steering Committee is proud to announce the new class of Leadership Lexington for 2020-21, which includes individuals with varied backgrounds from a variety of segments of the Lexington community. The program provides people the opportunity to better understand our city and to prepare for the challenges it faces by meeting with and learning from today’s leaders. Leadership Lexington is an educational opportunity that broadens perspectives and allows participants to gain increased understanding of community dynamics and public issues.
Commerce Lexington Inc.’s Director of Leadership Development, Amy Stout, said, “Operating a leadership development program in the era of COVID-19 has resulted in important changes to protect the safety and well-being of those in the program, including a reduction of the class size to 25 participants to allow for plenty of social distancing capability and guidance prior to each day session for protocols based on Kentucky’s ‘Healthy at Work,’ CDC and Lexington Health Department recommendations. Despite the challenges COVID-19 presents, the Steering Committee is committed to fulfilling the mission of the program and delivering an exceptional learning experience for the participants whether through safe in-person activities or within a virtual capacity.”
The 2020-21 program presented by McBrayer PLLC will kick off with an orientation session at Boone Tavern on August 20-21. Then, beginning in September and through June, the class will meet in different locations around the area each month with a major program topic covered by knowledgeable speakers and panels, tours, group activities, demonstrations, and class discussions. Sessions will cover topics, such as media, government, education, public safety, economic development, arts, equine, diversity, health and human services, and leadership development. Find out more on-line at www.leadershiplexington.com.
2020-21 LEADERSHIP LEXINGTON CLASS MEMBERS:
|
Leidy Borges-Gonzalez
Community Action Council Alice Bowen Lexmark International, Inc. Cynae Carter Community Action Council Lindsey Cheatham Kismet Marketing Trisha Clement-Montgomery University of Kentucky Sarah Fink Keeneland Association Megan George Stites & Harbison, PLLC Timothy Johnson United Way of the Bluegrass Kendriana Price UK CAFÉ Office of Diversity Clayton Roberts Lexington Police Department Andrea Schroeder LG&E and KU Energy LLC Brittany Scordo Fayette Commonwealth's Attorney's Office Judy Simpson Blue & Co. |
Leslie Smart
CHI Saint Joseph Health Foundations Maxwell D. Smith Ward, Hocker & Thornton, PLLC Paige Halpin Smith Lexington Public Library Erin Soard Traditional Bank Veda Stewart Fayette County Public Schools Tamika Tompoulidis University of Kentucky Chad Traylor Lexington Fire Department Shawn Umbrell University of Kentucky Eliza van Dissel AU Associates Michael Vatti Lexmark International, Inc. Kyle Virgin McBrayer PLLC Melody Westerfield Fayette County Public Schools |
Anita Franklin
Commerce Lexington Inc. Celebrates 2019-20 Leadership Lexington Graduating Class
Class Member Anita Franklin Recognized as Distinguished Leader
[Lexington, KY] – Commerce Lexington Inc. is proud to celebrate the 40th Year Anniversary of Leadership Lexington and recognize the graduating class of the 2019-20 program presented by McBrayer PLLC. Since 1979, this nationally recognized leadership development program has been cultivating Lexington leaders, producing more than 1,600 graduates from this highly informative, educational, and results-oriented leadership development program.
Each class of Leadership Lexington engages in difficult conversations, issues and topics as participants learn more about themselves and others, as well as the community. However, this year’s class not only had to evolve on the fly as the COVID-19 pandemic descended upon Kentucky, but also dealt with the sudden passing of fellow class member Anita Franklin (Office of Fayette Sheriff) in late February.
Leadership Lexington Program Director Amy Stout said, “The news of Anita Franklin’s passing shocked us all. She was a passionate leader, adored by her Leadership Lexington classmates. In addition to her tireless work in the community to stop gun violence, Anita wanted to provide education and tools for at-risk students through her proposed class project called Lex Bank Smart. The project aimed at benefitting middle and high school students by teaching financial literacy partnered with the Audrey Grievous Center to teach students good money habits early on and prepare for their financial success utilizing Junior Achievement of the Bluegrass curriculum. The loss of Anita was felt greatly in the community and by her Leadership Lexington classmates.”
First presented in 1998, the Leadership Lexington Distinguished Leader Award annually recognizes the class member who demonstrates strong principles and dedication to the concept of community service. Members of the 2019-20 class were invited to nominate a fellow class member for the award, and they overwhelmingly selected Anita Franklin to be honored posthumously with the Distinguished Leader Award.
Since the COVID-19 pandemic, Leadership Lexington class members have connected virtually on Zoom for four informal class check-ins and two virtual sessions. The final session for the 2019-20 program was held virtually on July 16 and included a workshop led by Jason Cummins entitled “Building a Learning Organization,” an after action review where participants provided feedback about the program, class project presentations, and a breakout group exercise. Gift baskets were delivered to each class member courtesy of the Leadership Lexington Alumni Association.
2019-20 LEADERSHIP LEXINGTON GRADUATING CLASS:
Dara Allen
Marketing Strategy Manager
Keeneland Association
David Biroschik
Lieutenant Bureau of Patrol
Lexington Police Department
Allison Carter
Associate Director of Tax Services
Dean Dorton Allen Ford, PLLC
Kyle Chafin
Staffing Manager
Robert Half
Elizabeth Combs
VP, Strategic Initiatives and Attorney
Wrigley Media Group
Richard Compton
Group Leader - Engineering
Kentucky Utilities Company
Tatum Dale
District Director
US House of Representatives, Office of Congressman Andy Barr
Brandi Doss
Marketing Director
YMCA of Central Kentucky
Afton Fairchild
Community Engagement Director
Big Brothers Big Sisters of the Bluegrass
Katherine Finnell
Attorney
Bluegrass ElderLaw, PLLC
Charles Fox
AVP, Relationship Manager
City National Bank
Anita Franklin
Community Outreach Coordinator
Office of Fayette Sheriff
Cameron Hamilton
Director of Financial Planning
Ballast, Inc.
Tiffany Hayden
Athletic Academic Counselor
University of Kentucky - Athletics
Benjamin Haydon
Community Engagement Coordinator
Goodwill Industries of Kentucky
Jason Henninger
Owner
Kentucky Pro DJ
Katrina Howard
Compliance & Facilities Officer
Lexington-Fayette County Health Department
Dina Klimkina
Program Manager, Center for Innovation
The Council of State Governments
Sarah Lester
Enterprise Director of Nursing Professional Practice and Excellence
UK HealthCare
Stephanie Lyttle
Financial Advisor
Triple Crown Advisors/Ameriprise
Clare Magee
Director of Academic Programs
Henry Clay Center for Statesmanship/Transylvania
Mark Manczyk
Architect
Omni Architects
Nathan McConathy
Owner
Condensed Creativity
Karen McIntyre
Fiduciary Investment Advisor
Unified Trust Company
Emily Miller
Private Banking Officer V.P.
Republic Bank and Trust Co.
Sherita Miller
Minority Business Enterprise Liaison
Lexington-Fayette Urban County Government
Joshua Nadzam
Co-Founder, Director
On The Move Art Studio
Lauren Nichols
Partner
Dentons Bingham Greenebaum
Trevor Nichols
Associate Attorney
McBrayer PLLC
ReShanda Oldham
Human Resources Business Partner
Viamedia
Amanda Olmsted
Senior Account Planner
Right Place Media
Les Olson
Principal
JRA Architects
Mia Pelham
Sales Manager
Lexington Marriott City Center Hotels
Teddy Ray
Director of Finances and Marketing
North Lime Coffee & Donuts
Yoshie Reid
Director, Global Compensation
Lexmark International Inc.
Samuel Reinhardt
Litigation Attorney
Stoll Keenon Ogden PLLC
Laura Richard
President
Larland Beef LLC
Amy Sandlin
Tax Manager
Blue & Co., LLC
Michael Schachleiter
Senior Investment Advisor
PNC Bank
Michelle Sjogren
Associate Vice President for Strategic Communications
Bluegrass Community & Technical College
Maury Sparrow
Communications Director
LexArts
Emily Startsman
Attorney
Stites & Harbison PLLC
Scooter Stein
Director of Public Affairs
Office of the Fayette County Sheriff
Kristin Taylor
Business Development Manager
Commerce Lexington Inc.
Kristin Voskuhl
Executive Advisor
Commonwealth of Kentucky Public Protection Cabinet
Jason Wells
Assistant Chief
Lexington Fire Department
Ellen Williams
External Affairs Specialist
Kentucky American Water
Alex Wolf
AVP, Retail Banking Officer
Central Bank & Trust
Langdon Worley
Partner
Sturgill, Turner, Barker & Moloney, PLLC
Class Member Anita Franklin Recognized as Distinguished Leader
[Lexington, KY] – Commerce Lexington Inc. is proud to celebrate the 40th Year Anniversary of Leadership Lexington and recognize the graduating class of the 2019-20 program presented by McBrayer PLLC. Since 1979, this nationally recognized leadership development program has been cultivating Lexington leaders, producing more than 1,600 graduates from this highly informative, educational, and results-oriented leadership development program.
Each class of Leadership Lexington engages in difficult conversations, issues and topics as participants learn more about themselves and others, as well as the community. However, this year’s class not only had to evolve on the fly as the COVID-19 pandemic descended upon Kentucky, but also dealt with the sudden passing of fellow class member Anita Franklin (Office of Fayette Sheriff) in late February.
Leadership Lexington Program Director Amy Stout said, “The news of Anita Franklin’s passing shocked us all. She was a passionate leader, adored by her Leadership Lexington classmates. In addition to her tireless work in the community to stop gun violence, Anita wanted to provide education and tools for at-risk students through her proposed class project called Lex Bank Smart. The project aimed at benefitting middle and high school students by teaching financial literacy partnered with the Audrey Grievous Center to teach students good money habits early on and prepare for their financial success utilizing Junior Achievement of the Bluegrass curriculum. The loss of Anita was felt greatly in the community and by her Leadership Lexington classmates.”
First presented in 1998, the Leadership Lexington Distinguished Leader Award annually recognizes the class member who demonstrates strong principles and dedication to the concept of community service. Members of the 2019-20 class were invited to nominate a fellow class member for the award, and they overwhelmingly selected Anita Franklin to be honored posthumously with the Distinguished Leader Award.
Since the COVID-19 pandemic, Leadership Lexington class members have connected virtually on Zoom for four informal class check-ins and two virtual sessions. The final session for the 2019-20 program was held virtually on July 16 and included a workshop led by Jason Cummins entitled “Building a Learning Organization,” an after action review where participants provided feedback about the program, class project presentations, and a breakout group exercise. Gift baskets were delivered to each class member courtesy of the Leadership Lexington Alumni Association.
2019-20 LEADERSHIP LEXINGTON GRADUATING CLASS:
Dara Allen
Marketing Strategy Manager
Keeneland Association
David Biroschik
Lieutenant Bureau of Patrol
Lexington Police Department
Allison Carter
Associate Director of Tax Services
Dean Dorton Allen Ford, PLLC
Kyle Chafin
Staffing Manager
Robert Half
Elizabeth Combs
VP, Strategic Initiatives and Attorney
Wrigley Media Group
Richard Compton
Group Leader - Engineering
Kentucky Utilities Company
Tatum Dale
District Director
US House of Representatives, Office of Congressman Andy Barr
Brandi Doss
Marketing Director
YMCA of Central Kentucky
Afton Fairchild
Community Engagement Director
Big Brothers Big Sisters of the Bluegrass
Katherine Finnell
Attorney
Bluegrass ElderLaw, PLLC
Charles Fox
AVP, Relationship Manager
City National Bank
Anita Franklin
Community Outreach Coordinator
Office of Fayette Sheriff
Cameron Hamilton
Director of Financial Planning
Ballast, Inc.
Tiffany Hayden
Athletic Academic Counselor
University of Kentucky - Athletics
Benjamin Haydon
Community Engagement Coordinator
Goodwill Industries of Kentucky
Jason Henninger
Owner
Kentucky Pro DJ
Katrina Howard
Compliance & Facilities Officer
Lexington-Fayette County Health Department
Dina Klimkina
Program Manager, Center for Innovation
The Council of State Governments
Sarah Lester
Enterprise Director of Nursing Professional Practice and Excellence
UK HealthCare
Stephanie Lyttle
Financial Advisor
Triple Crown Advisors/Ameriprise
Clare Magee
Director of Academic Programs
Henry Clay Center for Statesmanship/Transylvania
Mark Manczyk
Architect
Omni Architects
Nathan McConathy
Owner
Condensed Creativity
Karen McIntyre
Fiduciary Investment Advisor
Unified Trust Company
Emily Miller
Private Banking Officer V.P.
Republic Bank and Trust Co.
Sherita Miller
Minority Business Enterprise Liaison
Lexington-Fayette Urban County Government
Joshua Nadzam
Co-Founder, Director
On The Move Art Studio
Lauren Nichols
Partner
Dentons Bingham Greenebaum
Trevor Nichols
Associate Attorney
McBrayer PLLC
ReShanda Oldham
Human Resources Business Partner
Viamedia
Amanda Olmsted
Senior Account Planner
Right Place Media
Les Olson
Principal
JRA Architects
Mia Pelham
Sales Manager
Lexington Marriott City Center Hotels
Teddy Ray
Director of Finances and Marketing
North Lime Coffee & Donuts
Yoshie Reid
Director, Global Compensation
Lexmark International Inc.
Samuel Reinhardt
Litigation Attorney
Stoll Keenon Ogden PLLC
Laura Richard
President
Larland Beef LLC
Amy Sandlin
Tax Manager
Blue & Co., LLC
Michael Schachleiter
Senior Investment Advisor
PNC Bank
Michelle Sjogren
Associate Vice President for Strategic Communications
Bluegrass Community & Technical College
Maury Sparrow
Communications Director
LexArts
Emily Startsman
Attorney
Stites & Harbison PLLC
Scooter Stein
Director of Public Affairs
Office of the Fayette County Sheriff
Kristin Taylor
Business Development Manager
Commerce Lexington Inc.
Kristin Voskuhl
Executive Advisor
Commonwealth of Kentucky Public Protection Cabinet
Jason Wells
Assistant Chief
Lexington Fire Department
Ellen Williams
External Affairs Specialist
Kentucky American Water
Alex Wolf
AVP, Retail Banking Officer
Central Bank & Trust
Langdon Worley
Partner
Sturgill, Turner, Barker & Moloney, PLLC
Commerce Lex. Recognized Among Top Economic Development Groups by Site Selection Magazine
[Lexington, Kentucky] – For the second time in the last three years, Commerce Lexington Inc. is among the top economic development agencies in the nation, according to Site Selection magazine, which recently announced its Top 20 Investment Promotion Agencies in its May 2020 issue. Organizations named to the list are presented with the Mac Conway Award for Excellence in Economic Development, which recognizes national/regional economic development offices that were the most successful in attracting capital investment projects in 2019.
“Locations throughout the U.S. and in every region of the world compete aggressively for direct investment at home and from abroad,” says Site Selection Editor in Chief Mark Arend. “Those appearing on these rankings have demonstrated with actual project numbers and other measures that they have the location attributes most in demand by capital investors.”
Named in honor of Site Selection founding publisher H. McKinley "Mac" Conway, this year’s award winners have been determined by an index that examines corporate facility investment projects in U.S. metro areas as tracked by Site Selection’s proprietary Conway Projects database. Scores are awarded based on six criteria: total projects, total investment associated with those projects, and jobs associated with those projects. The remaining three criteria represent a per capita calculation of those same metrics.
Commerce Lexington Inc. President and CEO, Bob Quick, said, “Under the leadership of Gina Greathouse and the hard work of her team, Commerce Lexington’s economic development efforts have received multiple accolades from national and international sources over the years. This award also recognizes the commitment of so many people and companies throughout our region that assist our business recruitment and retention efforts. For the top metro areas across the nation, collaboration is key, and Lexington’s success in economic development can be credited to a strong partnership between the City of Lexington, Commerce Lexington Inc., and the University of Kentucky.”
Find out more about the awards on-line HERE.
[Lexington, Kentucky] – For the second time in the last three years, Commerce Lexington Inc. is among the top economic development agencies in the nation, according to Site Selection magazine, which recently announced its Top 20 Investment Promotion Agencies in its May 2020 issue. Organizations named to the list are presented with the Mac Conway Award for Excellence in Economic Development, which recognizes national/regional economic development offices that were the most successful in attracting capital investment projects in 2019.
“Locations throughout the U.S. and in every region of the world compete aggressively for direct investment at home and from abroad,” says Site Selection Editor in Chief Mark Arend. “Those appearing on these rankings have demonstrated with actual project numbers and other measures that they have the location attributes most in demand by capital investors.”
Named in honor of Site Selection founding publisher H. McKinley "Mac" Conway, this year’s award winners have been determined by an index that examines corporate facility investment projects in U.S. metro areas as tracked by Site Selection’s proprietary Conway Projects database. Scores are awarded based on six criteria: total projects, total investment associated with those projects, and jobs associated with those projects. The remaining three criteria represent a per capita calculation of those same metrics.
Commerce Lexington Inc. President and CEO, Bob Quick, said, “Under the leadership of Gina Greathouse and the hard work of her team, Commerce Lexington’s economic development efforts have received multiple accolades from national and international sources over the years. This award also recognizes the commitment of so many people and companies throughout our region that assist our business recruitment and retention efforts. For the top metro areas across the nation, collaboration is key, and Lexington’s success in economic development can be credited to a strong partnership between the City of Lexington, Commerce Lexington Inc., and the University of Kentucky.”
Find out more about the awards on-line HERE.
Shortened 2020 Legislative Session Concludes
The 2020 Kentucky state legislative session ended on April 15 at the Capitol in Frankfort amid unusual dynamics due to the COVID-19 crisis. Many issues were sidelined in the final days of the session due to an abbreviated legislative calendar. However, the General Assembly accomplished its Constitutionally charged mission - passing a state budget, at least for one year.
Before the coronavirus, lawmakers anticipated revenue increases from economic growth and were considering increases in funding for education and other investments. However, the budgeting process drastically changed as public health restrictions on businesses upended the state’s economy and projections. Legislators passed a one-year Executive Branch budget (HB 351) that is basically a continuation of the previous biennial budget funding levels for state agencies. This budget did not include any of the proposed funding increases for K-12 or higher education or raises for teachers and state employees that had previously been proposed by the Governor. It continues to fund K-12 at the current level, fully funds the actuarial required contribution for pensions, and provides for performance-based funding for state universities with a two percent stop loss in funding based on the current formula.
Legislators also passed a corresponding revenue bill (HB 352), which increases taxes on vaping products; the state’s Transportation Cabinet budget (HB 353); and the two-year road funding plan (HB 354). Declining gas prices and consumption levels are likely to negatively impact Road Fund revenues for the next biennium.
Although additional funding is placed in the state’s Rainy Day Fund, lawmakers felt it was too difficult to quantify revenue losses and impacts in mid-April. The General Assembly plans to readdress the budget in January 2021, if not sooner if the Governor calls a Special Session.
Lawmakers passed SB 150 to address some of the immediate needs related to the coronavirus. The bill codified the Governor’s Executive Orders; provides flexibility to schools with attendance, testing and other accountability measures; and provides liability protections to healthcare workers and businesses retooling to create public protection equipment.
Priority issues for the House and Senate Republican Majorities were left on the table, including public assistance reforms (HB1), immigration policies (SB1), and revising the process for selecting the Transportation Cabinet Secretary (SB 4).
Other hot button issues like medical marijuana, sports betting, increasing funding for infrastructure investments and a proposal to amend Kentucky’s Constitution to allow for the opportunity for more flexibility with local government tax codes, did not make it through the process.
SUCCESSES ACHIEVED FOR BUSINESS INTERESTS:
The General Assembly is adjourned until January 2021, unless Governor Beshear calls a special session to address issues related to COVID-19. For more information on specific issues, contact CLX’s Chief Policy Officer, Andi Johnson, at [email protected].
The 2020 Kentucky state legislative session ended on April 15 at the Capitol in Frankfort amid unusual dynamics due to the COVID-19 crisis. Many issues were sidelined in the final days of the session due to an abbreviated legislative calendar. However, the General Assembly accomplished its Constitutionally charged mission - passing a state budget, at least for one year.
Before the coronavirus, lawmakers anticipated revenue increases from economic growth and were considering increases in funding for education and other investments. However, the budgeting process drastically changed as public health restrictions on businesses upended the state’s economy and projections. Legislators passed a one-year Executive Branch budget (HB 351) that is basically a continuation of the previous biennial budget funding levels for state agencies. This budget did not include any of the proposed funding increases for K-12 or higher education or raises for teachers and state employees that had previously been proposed by the Governor. It continues to fund K-12 at the current level, fully funds the actuarial required contribution for pensions, and provides for performance-based funding for state universities with a two percent stop loss in funding based on the current formula.
Legislators also passed a corresponding revenue bill (HB 352), which increases taxes on vaping products; the state’s Transportation Cabinet budget (HB 353); and the two-year road funding plan (HB 354). Declining gas prices and consumption levels are likely to negatively impact Road Fund revenues for the next biennium.
Although additional funding is placed in the state’s Rainy Day Fund, lawmakers felt it was too difficult to quantify revenue losses and impacts in mid-April. The General Assembly plans to readdress the budget in January 2021, if not sooner if the Governor calls a Special Session.
Lawmakers passed SB 150 to address some of the immediate needs related to the coronavirus. The bill codified the Governor’s Executive Orders; provides flexibility to schools with attendance, testing and other accountability measures; and provides liability protections to healthcare workers and businesses retooling to create public protection equipment.
Priority issues for the House and Senate Republican Majorities were left on the table, including public assistance reforms (HB1), immigration policies (SB1), and revising the process for selecting the Transportation Cabinet Secretary (SB 4).
Other hot button issues like medical marijuana, sports betting, increasing funding for infrastructure investments and a proposal to amend Kentucky’s Constitution to allow for the opportunity for more flexibility with local government tax codes, did not make it through the process.
SUCCESSES ACHIEVED FOR BUSINESS INTERESTS:
- Recovery Through Employment: SB 191 includes language requiring the state to develop a framework and resources to support employers that voluntarily implement an employer-facilitated treatment program for substance abuse. It also encourages the retention and hiring of employees struggling with substance abuse by providing some liability protections for fully compliant employers with the framework.
- Criminal Justice Reforms: HB 327 allows for the automatic expungement for charges that are dismissed or acquittals with prejudice. HB 284 reduces probation time when the individual completes education, training or treatment programs.
- Economic Development: HB 415 allows for the producers of beer, wine and spirits to directly ship to consumers in Kentucky. SB 99 also provides various reforms to help distillers, brewers and small farm wineries.
- Education: HB 312 helps address academic needs of foster kids by improving communication and information sharing between schools and caseworkers.
- Healthcare: The General Assembly also raised the age to purchase tobacco to 21, putting Kentucky in-line with federal law.
The General Assembly is adjourned until January 2021, unless Governor Beshear calls a special session to address issues related to COVID-19. For more information on specific issues, contact CLX’s Chief Policy Officer, Andi Johnson, at [email protected].
Foreign Direct Investment in the Bluegrass
“It is important that economic development leaders understand the innate advantages of attracting a
foreign-owned firm versus an otherwise-identical domestic firm…”
- Ryan Donahue & Brad McDearman, Brookings Institute, Metropolitan Policy Program
Economic Development Organizations at the local, regional, state, and national levels have long been aware of the advantages that host communities receive from foreign direct investment (FDI). According to the Brookings Institute, foreign-owned companies pay 20 percent more in wages than peer, domestic companies and invest more in R&D despite representing only 5 percent of employment. This is due in part to their strength and concentration in advanced industries . Beyond these direct benefits, FDI can bring indirect benefits by establishing an industry cluster through attracting suppliers to the area and even by attracting companies with similar, foreign ownership across other industries.
Kentuckians need look no further for an example of the impacts of FDI than Toyota Motor Manufacturing, Kentucky in Georgetown. However, Toyota isn’t the only example of FDI in the Bluegrass Region. Our region is the beneficiary of a wide range of foreign-owned companies. In fact, according to data from the Kentucky Cabinet for Economic Development, the 8-county Bluegrass Region is home to 95 foreign-owned facilities representing 16 countries . Lexington alone contains 33 foreign-owned facilities from 13 countries including companies like Webasto Roof Systems from Germany, CLARK Material Handling Company from the Republic of Korea, and Florida Tile from Italy. For more information on international companies in Lexington, visit www.locateinlexington.com.
“It is important that economic development leaders understand the innate advantages of attracting a
foreign-owned firm versus an otherwise-identical domestic firm…”
- Ryan Donahue & Brad McDearman, Brookings Institute, Metropolitan Policy Program
Economic Development Organizations at the local, regional, state, and national levels have long been aware of the advantages that host communities receive from foreign direct investment (FDI). According to the Brookings Institute, foreign-owned companies pay 20 percent more in wages than peer, domestic companies and invest more in R&D despite representing only 5 percent of employment. This is due in part to their strength and concentration in advanced industries . Beyond these direct benefits, FDI can bring indirect benefits by establishing an industry cluster through attracting suppliers to the area and even by attracting companies with similar, foreign ownership across other industries.
Kentuckians need look no further for an example of the impacts of FDI than Toyota Motor Manufacturing, Kentucky in Georgetown. However, Toyota isn’t the only example of FDI in the Bluegrass Region. Our region is the beneficiary of a wide range of foreign-owned companies. In fact, according to data from the Kentucky Cabinet for Economic Development, the 8-county Bluegrass Region is home to 95 foreign-owned facilities representing 16 countries . Lexington alone contains 33 foreign-owned facilities from 13 countries including companies like Webasto Roof Systems from Germany, CLARK Material Handling Company from the Republic of Korea, and Florida Tile from Italy. For more information on international companies in Lexington, visit www.locateinlexington.com.
31 eAchievers or the top performing startups in Central, were recognized at SPARK's Who Got the Money event. (Photo by Mark Mahan, Mahan Multimedia)
SPARK recognizes entrepreneurial community for creating 260 jobs and raising $74.4 million in investment at Who Got the Money event
LEXINGTON, KY. (Nov 20, 2019) – On Tuesday, SPARK, a Bluegrass Business Development Partnership (BBDP) initiative, held its annual entrepreneurial celebration and announced that the Central Kentucky entrepreneurial community created 260 new jobs and raised $74.4 million in capital funds in Fiscal Year 2019.
The companies, employing a total of 992 people, reported an average salary of $71,700 for full-time jobs. They represent industry sectors in biotechnology, AgTech, advanced manufacturing, e-commerce, independent game development, IT and software development, energy technologies and business services. This further demonstrates Lexington’s position as a leading location for high-growth and high-wage technology-based jobs.
“Once again we are demonstrating that Lexington is a great investment,” Mayor Linda Gorton said. “Driven by University of Kentucky brainpower and a growing community of entrepreneurs, our economy continues to expand in sectors that signal a bright future.”
“The startup business sector in Lexington is strong and growing,” said Eric Hartman, associate director for new ventures at the University of Kentucky Office of Technology Commercialization. “The sector has reached critical mass over the past few years and is positioned to be a driver of growth for Lexington and Central Kentucky.”
“With the assets of the BDDP, the Bluegrass Angels and the Kentucky Cabinet for Economic Development, Lexington’s startup community has thrived in 2019 and is poised for success in 2020,” said Bob Quick, CCE, the president and CEO of Commerce Lexington Inc. “Commerce Lexington Inc. has enjoyed working with our startup ecosystem in 2019, and we are excited to partner with them in 2020.”
SPARK also recognized recipients of the Lexington eAchievers Award for excellence in entrepreneurship. Thirty-one companies in the Bluegrass Region were honored with the eAchiever award for receiving at least $1 million dollars in funding and/or creating five new full-time jobs in Fiscal Year 2019, based on self-reported data. The UK Office of Technology Commercialization and Commerce Lexington Inc. conduct an annual survey of early-stage companies located in Central Kentucky. The results are based upon self-reported data for July 1, 2018 through June 30, 2019. This year 90 companies responded to the survey.
The companies that received the eAchiever award include: AgTech Scientific; APAX Software Development, LLC; AVAIL; Badger Technologies; BlueFrame Technology, LLC; Construction Industry Resources; Corrisoft, LLC; Engi-Mat Co.; Equine Diagnostic Solutions LLC; Flywire Cameras; Fooji, Inc.; Global Parametrics; Gun Media; Helios Aerosystems LLC; Hippo Manager Software, Inc.; Identify3D; Key Investment Solutions; MEP Equine Solutions; MosquitoMate, Inc.; Naprogenix; NX Development Corporation; OmniLife; Orthopeutics/Intralink-Spine, Inc.; PowerTech Water; Signal Solutions; Smart Farm Systems, Inc.; Space Tango; Summit Biosciences, Inc.; The Pilot Farm; Xact Communications and Xooker.
SPARK also gave the eAcquired award to SIS LLC, which is a cloud and managed services company and was acquired by Converge Technology Solutions. The goal of most venture backed startups is to exit via acquisition. An acquisition event is a milestone achievement that validates the startup team, technology, proven product-market fit, traction and disruptive potential. Acquisition generally provides return of capital to investors, financial windfall to founders and key team members, taxable income and wealth creation in Kentucky.
In addition to the eAchiever and eAcquired awards, the BBDP presented the Harvey Award, which is given annually to an individual or organization that has made a significant impact on the entrepreneurial community. The 2019 recipient of this award was the Bluegrass Angels, which is an investor group that was founded in 2004 by local investors and community leaders who believed that early state-investments could provide a meaningful return for investors while spurring economic growth. Individual members of the organization volunteer their time and expertise to review potential investments and assist entrepreneurs.
SPARK also gave an inaugural Female Founded Startup of the Year award. This award will be given annually to a female founder of a Lexington startup that has inspired us through their diligent entrepreneurial pursuits. The 2019 recipient of this award was Karen Dobson of MosquitoMate, Inc., which is a Lexington-based biotech company and a spinout of the University of Kentucky providing a product that is a nontoxic, non-GMO pesticide.
SPARK has a mission to provide a forum which fosters sharing between entrepreneurs, businesses, investors and professional services providers. Over the last year, SPARK planned and sponsored luncheons focused on the entrepreneurial community in addition to networking events, business showcases and pitch competitions. The group is managed by the City of Lexington, Commerce Lexington Inc. and the UK Office of Technology Commercialization.
For information about the event and SPARK, please visit www.sparklex.org.
LEXINGTON, KY. (Nov 20, 2019) – On Tuesday, SPARK, a Bluegrass Business Development Partnership (BBDP) initiative, held its annual entrepreneurial celebration and announced that the Central Kentucky entrepreneurial community created 260 new jobs and raised $74.4 million in capital funds in Fiscal Year 2019.
The companies, employing a total of 992 people, reported an average salary of $71,700 for full-time jobs. They represent industry sectors in biotechnology, AgTech, advanced manufacturing, e-commerce, independent game development, IT and software development, energy technologies and business services. This further demonstrates Lexington’s position as a leading location for high-growth and high-wage technology-based jobs.
“Once again we are demonstrating that Lexington is a great investment,” Mayor Linda Gorton said. “Driven by University of Kentucky brainpower and a growing community of entrepreneurs, our economy continues to expand in sectors that signal a bright future.”
“The startup business sector in Lexington is strong and growing,” said Eric Hartman, associate director for new ventures at the University of Kentucky Office of Technology Commercialization. “The sector has reached critical mass over the past few years and is positioned to be a driver of growth for Lexington and Central Kentucky.”
“With the assets of the BDDP, the Bluegrass Angels and the Kentucky Cabinet for Economic Development, Lexington’s startup community has thrived in 2019 and is poised for success in 2020,” said Bob Quick, CCE, the president and CEO of Commerce Lexington Inc. “Commerce Lexington Inc. has enjoyed working with our startup ecosystem in 2019, and we are excited to partner with them in 2020.”
SPARK also recognized recipients of the Lexington eAchievers Award for excellence in entrepreneurship. Thirty-one companies in the Bluegrass Region were honored with the eAchiever award for receiving at least $1 million dollars in funding and/or creating five new full-time jobs in Fiscal Year 2019, based on self-reported data. The UK Office of Technology Commercialization and Commerce Lexington Inc. conduct an annual survey of early-stage companies located in Central Kentucky. The results are based upon self-reported data for July 1, 2018 through June 30, 2019. This year 90 companies responded to the survey.
The companies that received the eAchiever award include: AgTech Scientific; APAX Software Development, LLC; AVAIL; Badger Technologies; BlueFrame Technology, LLC; Construction Industry Resources; Corrisoft, LLC; Engi-Mat Co.; Equine Diagnostic Solutions LLC; Flywire Cameras; Fooji, Inc.; Global Parametrics; Gun Media; Helios Aerosystems LLC; Hippo Manager Software, Inc.; Identify3D; Key Investment Solutions; MEP Equine Solutions; MosquitoMate, Inc.; Naprogenix; NX Development Corporation; OmniLife; Orthopeutics/Intralink-Spine, Inc.; PowerTech Water; Signal Solutions; Smart Farm Systems, Inc.; Space Tango; Summit Biosciences, Inc.; The Pilot Farm; Xact Communications and Xooker.
SPARK also gave the eAcquired award to SIS LLC, which is a cloud and managed services company and was acquired by Converge Technology Solutions. The goal of most venture backed startups is to exit via acquisition. An acquisition event is a milestone achievement that validates the startup team, technology, proven product-market fit, traction and disruptive potential. Acquisition generally provides return of capital to investors, financial windfall to founders and key team members, taxable income and wealth creation in Kentucky.
In addition to the eAchiever and eAcquired awards, the BBDP presented the Harvey Award, which is given annually to an individual or organization that has made a significant impact on the entrepreneurial community. The 2019 recipient of this award was the Bluegrass Angels, which is an investor group that was founded in 2004 by local investors and community leaders who believed that early state-investments could provide a meaningful return for investors while spurring economic growth. Individual members of the organization volunteer their time and expertise to review potential investments and assist entrepreneurs.
SPARK also gave an inaugural Female Founded Startup of the Year award. This award will be given annually to a female founder of a Lexington startup that has inspired us through their diligent entrepreneurial pursuits. The 2019 recipient of this award was Karen Dobson of MosquitoMate, Inc., which is a Lexington-based biotech company and a spinout of the University of Kentucky providing a product that is a nontoxic, non-GMO pesticide.
SPARK has a mission to provide a forum which fosters sharing between entrepreneurs, businesses, investors and professional services providers. Over the last year, SPARK planned and sponsored luncheons focused on the entrepreneurial community in addition to networking events, business showcases and pitch competitions. The group is managed by the City of Lexington, Commerce Lexington Inc. and the UK Office of Technology Commercialization.
For information about the event and SPARK, please visit www.sparklex.org.
A Letter to Commerce Lexington Inc. Members
FCPS Safety Plan is Paramount to Student Success, School Safety
32 Current & Past Commerce Lexington Inc. Board Chairs Sign On to Support FCPS Safety Investment Plan & Nickel Tax Increase
Commerce Lexington Inc. has held a longstanding belief that education and the success of our students go hand in hand with creating a vibrant city and healthy economy. Having a highly-educated and well-trained workforce is essential to attracting new business and retaining existing business and industry. As such, Commerce Lexington Inc. believes it is imperative to do what we can as a community to support our youth by providing them with all the resources at our disposal to ensure all students are successful - whether it’s supplies, mentoring, new and improved facilities, and of course a safe environment.
Commerce Lexington Inc.’s Executive Board supports Fayette County Public Schools’ ten-point School Safety Investment Plan, which is based on national best practices and will make Lexington schools among the best prepared in the country. The plan is a result of more than four months of study and discussion from hundreds of community members across all areas of the school district.
The comprehensive plan puts our school district on the cutting edge of safety and includes more law enforcement officers, more mental health professionals, secure entrances to every school, expanded emergency planning and safety training, increased social media monitoring, metal detectors in every middle and high school, and the availability of adolescent assessment and health services for students in grades six through 12.
Although SEEK per pupil funding in Kentucky was increased overall during the 2018 General Assembly, the formula allocation results in a loss of $5.1 million for FCPS next year. Additionally, cuts to state funding for transportation, textbooks and professional development resources also negatively impact FCPS revenues. To protect students in the classroom, the school board has already cut more than $4.4 million from the Central Office to cover that deficit. Meanwhile, the FCPS existing emergency contingency fund would cover less than six weeks of expenses.
No one wants to pay more taxes, especially businesses. However, we believe that the nickel property tax increase is a small price to pay to protect our children. We see this as an investment in our future workforce and our economy. As the district continues to grow, this plan will go a long way to ensure that students, teachers and administrators can focus on what they should be – preparing our kids to be productive citizens.
Please take a moment to review the following informational documents.
FCPS 10-Point Safety Plan | District Safety Advisory Council Report | Safety Plan FAQ
Sincerely,
FCPS Safety Plan is Paramount to Student Success, School Safety
32 Current & Past Commerce Lexington Inc. Board Chairs Sign On to Support FCPS Safety Investment Plan & Nickel Tax Increase
Commerce Lexington Inc. has held a longstanding belief that education and the success of our students go hand in hand with creating a vibrant city and healthy economy. Having a highly-educated and well-trained workforce is essential to attracting new business and retaining existing business and industry. As such, Commerce Lexington Inc. believes it is imperative to do what we can as a community to support our youth by providing them with all the resources at our disposal to ensure all students are successful - whether it’s supplies, mentoring, new and improved facilities, and of course a safe environment.
Commerce Lexington Inc.’s Executive Board supports Fayette County Public Schools’ ten-point School Safety Investment Plan, which is based on national best practices and will make Lexington schools among the best prepared in the country. The plan is a result of more than four months of study and discussion from hundreds of community members across all areas of the school district.
The comprehensive plan puts our school district on the cutting edge of safety and includes more law enforcement officers, more mental health professionals, secure entrances to every school, expanded emergency planning and safety training, increased social media monitoring, metal detectors in every middle and high school, and the availability of adolescent assessment and health services for students in grades six through 12.
Although SEEK per pupil funding in Kentucky was increased overall during the 2018 General Assembly, the formula allocation results in a loss of $5.1 million for FCPS next year. Additionally, cuts to state funding for transportation, textbooks and professional development resources also negatively impact FCPS revenues. To protect students in the classroom, the school board has already cut more than $4.4 million from the Central Office to cover that deficit. Meanwhile, the FCPS existing emergency contingency fund would cover less than six weeks of expenses.
No one wants to pay more taxes, especially businesses. However, we believe that the nickel property tax increase is a small price to pay to protect our children. We see this as an investment in our future workforce and our economy. As the district continues to grow, this plan will go a long way to ensure that students, teachers and administrators can focus on what they should be – preparing our kids to be productive citizens.
Please take a moment to review the following informational documents.
FCPS 10-Point Safety Plan | District Safety Advisory Council Report | Safety Plan FAQ
Sincerely,
Karen S. Hill Chief Operating Officer/Chief Nursing Officer Baptist Health Lexington 2018 Commerce Lexington Inc. Board Chair |
Jeff Koonce
Market President WesBanco Commerce Lexington Inc. Chair-Elect |
CO-SIGNED BY THE FOLLOWING COMMERCE LEXINGTON INC. PAST BOARD CHAIRS:
Ann Bakhaus
Mira Ball
Carla Blanton
Luther Deaton
Paula Hanson
Bob Hewett
Jim Host
Guy Huguelet
Jeri Isbell
Joe Kelly
Bill Lear
Wayne Martin
Terry McBrayer
Kim Menke
Herb Miller
Harold Mullis
Danny Murphy
Foster Ockerman, Sr.
Harry T. Richart III
Nick Rowe
Ken Sagan
Bob Slone
Mary Ellen Slone
Doug Steele
Alan Stein
Kit Stolen
Bill Thomason
Darby Turner
Woodford Webb
Mike Whitley
Ann Bakhaus
Mira Ball
Carla Blanton
Luther Deaton
Paula Hanson
Bob Hewett
Jim Host
Guy Huguelet
Jeri Isbell
Joe Kelly
Bill Lear
Wayne Martin
Terry McBrayer
Kim Menke
Herb Miller
Harold Mullis
Danny Murphy
Foster Ockerman, Sr.
Harry T. Richart III
Nick Rowe
Ken Sagan
Bob Slone
Mary Ellen Slone
Doug Steele
Alan Stein
Kit Stolen
Bill Thomason
Darby Turner
Woodford Webb
Mike Whitley
Stat of the Month: Lexington MSA Ranks Among Most Diverse Economies, According to Emsi
This year, Lexington ranked 9th out of 382 Metropolitan Statistical Areas (MSAs) in industry diversity, according to an Emsi report. Emsi is a labor market analysis and economic modeling firm. This report measures distribution of total employment for MSA’s amongst 12 major industry clusters. They find that Lexington’s employment is more evenly distributed between these 12 industries than the typical metro area. Lexington’s top four industries are capital-intensive manufacturing, distributive services, higher education, and healthcare. Each of these industries represents between six percent to eight percent of Lexington’s total employment.
What does this mean for Lexington? Cities that rank high in industry diversity are more resilient to economic pressures. Resilient cities are not as greatly impacted by economic recessions, as measured by the unemployment rate, and tend tFo recover quicker from recessions than undiversified areas. This ranking is further illustrated by Lexington’s 2014 ranking by WalletHub as the #12 Best Post-Recession Recovery. Find out more about this study ON-LINE HERE.
This year, Lexington ranked 9th out of 382 Metropolitan Statistical Areas (MSAs) in industry diversity, according to an Emsi report. Emsi is a labor market analysis and economic modeling firm. This report measures distribution of total employment for MSA’s amongst 12 major industry clusters. They find that Lexington’s employment is more evenly distributed between these 12 industries than the typical metro area. Lexington’s top four industries are capital-intensive manufacturing, distributive services, higher education, and healthcare. Each of these industries represents between six percent to eight percent of Lexington’s total employment.
What does this mean for Lexington? Cities that rank high in industry diversity are more resilient to economic pressures. Resilient cities are not as greatly impacted by economic recessions, as measured by the unemployment rate, and tend tFo recover quicker from recessions than undiversified areas. This ranking is further illustrated by Lexington’s 2014 ranking by WalletHub as the #12 Best Post-Recession Recovery. Find out more about this study ON-LINE HERE.
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Commerce Lexington Inc. Recognized Among Top Economic Development Agencies by Site Selection
Site Selection magazine recently released its annual rankings of the Top Investment Promotion Agencies, which will appear in its May 2018 issue. There are 5,000-plus economic development agencies in the U.S., and Commerce Lexington Inc. was one of only fifteen economic development organizations to be presented with the Mac Conway Award for Excellence in Economic Development, which recognizes national/regional economic development offices that were the most successful in attracting capital investment projects in 2017.
Commerce Lexington Inc. President & CEO, Bob Quick, said, “This award is not only a testament to the professionalism and effective leadership of Gina Greathouse and her team, but it also recognizes the hard work of so many people and businesses throughout our community who assist our team and provide great service to companies relocating or expanding here. Here in Lexington, it is a true collaborative effort when it comes to economic development, and without our partners at the City of Lexington and University of Kentucky, we wouldn’t be as successful.”
Site Selection President and Publisher Adam Jones-Kelley said, “This magazine, and this section in particular, looked only at corporate investment facts and figures, at economic growth and job creation, and at those corners of the world that enjoyed the most success on those metrics alone. For the global economy, 2017 was a very good year indeed. We congratulate the companies whose growth fueled this success.”
“Locations throughout the U.S. and in every region of the world compete aggressively for direct investment at home and from abroad,” said Site Selection Editor-in-Chief Mark Arend. “Those appearing on these rankings have demonstrated with actual project numbers and other measures that they have the location attributes most in demand by capital investors.”
The award is named in honor of Site Selection’s founding publisher H. McKinley "Mac" Conway. To compile the rankings, the methodology is based on an index of data from the proprietary Conway Projects Database (which tracks private-sector facility projects worldwide) and several other global economic data sources.
Site Selection’s May 2018 issue also recognized the most competitive state-level economic development groups, through its Prosperity Cup Awards. As a state, Kentucky came in 8th this year, which was up from 9th in the 2017 list. Read the full announcement on-line at https://siteselection.com/press/releases/2018B2I.html. Find out more about Commerce Lexington’s economic development efforts at www.LocateinLexington.com.
Mac Conway Awards for Top Economic Development Organizations:
Charleston (S.C.) Regional Development Alliance
Charlotte Regional Partnership
Columbus 2020
Commerce Lexington Inc.
Dallas Regional Chamber/Fort Worth Chamber
Detroit Regional Chamber
Greater Des Moines Partnership
Greater Houston Partnership
Greater Louisville, Inc./Louisville Forward
Greater Phoenix Economic Council
Kansas City Area Development Council
Metro Atlanta Chamber
REDI Cincinnati/Northern Kentucky TRI-Ed
Regional Growth Partnership (Northwest Ohio)
World Business Chicago
Site Selection magazine recently released its annual rankings of the Top Investment Promotion Agencies, which will appear in its May 2018 issue. There are 5,000-plus economic development agencies in the U.S., and Commerce Lexington Inc. was one of only fifteen economic development organizations to be presented with the Mac Conway Award for Excellence in Economic Development, which recognizes national/regional economic development offices that were the most successful in attracting capital investment projects in 2017.
Commerce Lexington Inc. President & CEO, Bob Quick, said, “This award is not only a testament to the professionalism and effective leadership of Gina Greathouse and her team, but it also recognizes the hard work of so many people and businesses throughout our community who assist our team and provide great service to companies relocating or expanding here. Here in Lexington, it is a true collaborative effort when it comes to economic development, and without our partners at the City of Lexington and University of Kentucky, we wouldn’t be as successful.”
Site Selection President and Publisher Adam Jones-Kelley said, “This magazine, and this section in particular, looked only at corporate investment facts and figures, at economic growth and job creation, and at those corners of the world that enjoyed the most success on those metrics alone. For the global economy, 2017 was a very good year indeed. We congratulate the companies whose growth fueled this success.”
“Locations throughout the U.S. and in every region of the world compete aggressively for direct investment at home and from abroad,” said Site Selection Editor-in-Chief Mark Arend. “Those appearing on these rankings have demonstrated with actual project numbers and other measures that they have the location attributes most in demand by capital investors.”
The award is named in honor of Site Selection’s founding publisher H. McKinley "Mac" Conway. To compile the rankings, the methodology is based on an index of data from the proprietary Conway Projects Database (which tracks private-sector facility projects worldwide) and several other global economic data sources.
Site Selection’s May 2018 issue also recognized the most competitive state-level economic development groups, through its Prosperity Cup Awards. As a state, Kentucky came in 8th this year, which was up from 9th in the 2017 list. Read the full announcement on-line at https://siteselection.com/press/releases/2018B2I.html. Find out more about Commerce Lexington’s economic development efforts at www.LocateinLexington.com.
Mac Conway Awards for Top Economic Development Organizations:
Charleston (S.C.) Regional Development Alliance
Charlotte Regional Partnership
Columbus 2020
Commerce Lexington Inc.
Dallas Regional Chamber/Fort Worth Chamber
Detroit Regional Chamber
Greater Des Moines Partnership
Greater Houston Partnership
Greater Louisville, Inc./Louisville Forward
Greater Phoenix Economic Council
Kansas City Area Development Council
Metro Atlanta Chamber
REDI Cincinnati/Northern Kentucky TRI-Ed
Regional Growth Partnership (Northwest Ohio)
World Business Chicago
Fusioncorp Spins Out New Startup, Adding Jobs
A Lexington-based technology company has spun out a new startup, Gamifi by Fusioncorp. Gamifi’s goal is to expand this new platform into a method of creating unique experiences through different technologies supported by applications. Mayor Jim Gray and Commerce Lexington Inc. joined Gamifi by Fusioncorp executives to celebrate the grand opening of the new spinout in Lexington and to announce that Gamifi has created eight new full-time technology jobs.
“Lexington’s high quality of life is naturally attracting and growing creative tech companies like Gamifi by Fusioncorp,” Mayor Jim Gray said. “This is great news for our tech community, and our city.”
Fusioncorp, founded in Lexington in 2005, recognized the growth of technology in apps and created a new company, Gamifi by Fusioncorp, to address this demand in the market. The company created two products through the new entity. Gamifi is the first product that engages users through immersive experiences using strategies involving Wayfinding, Augmented Reality and Gaming on an app with an end goal of creating a 365-day experience for the user. The other product is called Pivt, which is the backbone of the platform and is designed to integrate into current customer’s active Point of Sale (POS) or Customer Relationship Management (CRM) systems to capture, retain and become smarter with the platform’s data.
“Gamifi is intended to give individuals that attend major events, cities or significant attractions an immersive experience that will enhance not only the venue’s ability to engage with their patrons but also give the end user an experience that will drive continuous engagement,” said Michael Baer, President of Fusioncorp. “We are excited to be doing this in Lexington, KY and appreciate the support of many partners including the City of Lexington and Commerce Lexington Inc.”
The Gamifi platform is also excited to announce App partnerships with The Muhammad Ali Center’s global initiative ‘Hours Against Hate’ which will have exposure to over 11 Million individuals around the world. It is also currently building platforms for The Buffalo Olmstead Park system in NY, The DMCVB and Detroit Sports Commission assisting in the Revitalization of Detroit, and Taylor Made Horse Farms, among others.
Gamifi by Fusioncorp has created eight new jobs with a capital investment of over $750,000. The jobs created are base platform developers, UI/UX designers, and Android and iOS programmers. The company utilized the Lexington Jobs Fund, a local incentive program, to assist companies in offsetting their startup costs.
“Lexington has become a center for entrepreneurial activity and Gamifi by Fusioncorp is another great example of how vibrant our tech community is,” said Carla Blanton, Commerce Lexington Inc.’s board chair. “Our economic development team is proud of the success and the new jobs Gamifi is creating. Congratulations on your new company.”
For more information on Gamifi by Fusioncorp, visit www.fusioncorpdesign.com.
A Lexington-based technology company has spun out a new startup, Gamifi by Fusioncorp. Gamifi’s goal is to expand this new platform into a method of creating unique experiences through different technologies supported by applications. Mayor Jim Gray and Commerce Lexington Inc. joined Gamifi by Fusioncorp executives to celebrate the grand opening of the new spinout in Lexington and to announce that Gamifi has created eight new full-time technology jobs.
“Lexington’s high quality of life is naturally attracting and growing creative tech companies like Gamifi by Fusioncorp,” Mayor Jim Gray said. “This is great news for our tech community, and our city.”
Fusioncorp, founded in Lexington in 2005, recognized the growth of technology in apps and created a new company, Gamifi by Fusioncorp, to address this demand in the market. The company created two products through the new entity. Gamifi is the first product that engages users through immersive experiences using strategies involving Wayfinding, Augmented Reality and Gaming on an app with an end goal of creating a 365-day experience for the user. The other product is called Pivt, which is the backbone of the platform and is designed to integrate into current customer’s active Point of Sale (POS) or Customer Relationship Management (CRM) systems to capture, retain and become smarter with the platform’s data.
“Gamifi is intended to give individuals that attend major events, cities or significant attractions an immersive experience that will enhance not only the venue’s ability to engage with their patrons but also give the end user an experience that will drive continuous engagement,” said Michael Baer, President of Fusioncorp. “We are excited to be doing this in Lexington, KY and appreciate the support of many partners including the City of Lexington and Commerce Lexington Inc.”
The Gamifi platform is also excited to announce App partnerships with The Muhammad Ali Center’s global initiative ‘Hours Against Hate’ which will have exposure to over 11 Million individuals around the world. It is also currently building platforms for The Buffalo Olmstead Park system in NY, The DMCVB and Detroit Sports Commission assisting in the Revitalization of Detroit, and Taylor Made Horse Farms, among others.
Gamifi by Fusioncorp has created eight new jobs with a capital investment of over $750,000. The jobs created are base platform developers, UI/UX designers, and Android and iOS programmers. The company utilized the Lexington Jobs Fund, a local incentive program, to assist companies in offsetting their startup costs.
“Lexington has become a center for entrepreneurial activity and Gamifi by Fusioncorp is another great example of how vibrant our tech community is,” said Carla Blanton, Commerce Lexington Inc.’s board chair. “Our economic development team is proud of the success and the new jobs Gamifi is creating. Congratulations on your new company.”
For more information on Gamifi by Fusioncorp, visit www.fusioncorpdesign.com.
“The great thing about VisitLEX is it’s a one-stop-shop. You can go to them and say ‘this is what I have going on for my meeting.’ And, they’ll help you find solutions, so you don’t have to worry about it.”
– Terry Keys
Cancer Education Liaison at UK Markey Cancer Center
Recommend LEX Program Helping Organizations Bring Meetings to Lexington
By Mary Quinn Ramer, President, VisitLEX
Total travel spending in Fayette County exceeds $2 billion per year – that’s a tremendous economic impact. It also provides a front-door to economic development by showing top executives and entrepreneurs why Lexington is not just a great place to visit. It’s a great place to live and to locate their business.
That is why VisitLEX created Recommend LEX, a program that focuses on local meeting planners who are a member of an association or organization and have the passion to showcase their hometown. VisitLEX can assist these Hometown Hosts with board meetings; annual, regional or national meeting; or sales incentive trips.
VisitLEX’s staff can help meeting planners provide a one-of-a-kind experience in the Horse Capital of the World, which will improve their meeting attendance and continue to build on the successful impact that tourism has had on our economy. This is especially true for convention visitors, who spend $290 per day compared to $130 for the leisure traveler.
Whether you have an event of 50 or 50,000, VisitLEX can provide resources for planning and promoting a meeting or event, including: destination videos and print material; master calendar of destination availability and special events; electronic bid books; access to more than 70 hotel partners; site visits coordination and execution; VIP speaker gifts; electronic meeting promotion tools; media and public relations support; and destination maps and guides.
VisitLEX can help save you time and money on meeting planning. The Hometown Host will then be recognized at an annual celebration luncheon. To learn more, visit www.visitlex.com/meet/meetings/recommendlex or e-mail to [email protected].
EDITOR’S NOTE: One of Commerce Lexington Inc.’s strategic targets is Visitor Industries. Our team has a strong partnership with VisitLEX to collaborate on this sector.
By Mary Quinn Ramer, President, VisitLEX
Total travel spending in Fayette County exceeds $2 billion per year – that’s a tremendous economic impact. It also provides a front-door to economic development by showing top executives and entrepreneurs why Lexington is not just a great place to visit. It’s a great place to live and to locate their business.
That is why VisitLEX created Recommend LEX, a program that focuses on local meeting planners who are a member of an association or organization and have the passion to showcase their hometown. VisitLEX can assist these Hometown Hosts with board meetings; annual, regional or national meeting; or sales incentive trips.
VisitLEX’s staff can help meeting planners provide a one-of-a-kind experience in the Horse Capital of the World, which will improve their meeting attendance and continue to build on the successful impact that tourism has had on our economy. This is especially true for convention visitors, who spend $290 per day compared to $130 for the leisure traveler.
Whether you have an event of 50 or 50,000, VisitLEX can provide resources for planning and promoting a meeting or event, including: destination videos and print material; master calendar of destination availability and special events; electronic bid books; access to more than 70 hotel partners; site visits coordination and execution; VIP speaker gifts; electronic meeting promotion tools; media and public relations support; and destination maps and guides.
VisitLEX can help save you time and money on meeting planning. The Hometown Host will then be recognized at an annual celebration luncheon. To learn more, visit www.visitlex.com/meet/meetings/recommendlex or e-mail to [email protected].
EDITOR’S NOTE: One of Commerce Lexington Inc.’s strategic targets is Visitor Industries. Our team has a strong partnership with VisitLEX to collaborate on this sector.
Left to right: Brad Richardson, current KCCE President & President of the Hardin County Chamber of Commerce; Kristie Woodrum, Commerce Lexington Inc. Business Development Manager; Dana Zinger, Commerce Lexington Inc. Assistant VP, Membership Development; Matt Valego, Infintech & sponsor of the annual KCCE Conference; and Amy Cloud, KCCE Executive Director.
Commerce Lexington Inc.’s EMERGE Conference Recognized with Excellence Award from KCCE
At the 52nd annual Celebration of the Kentucky Chamber of Commerce Executives (KCCE), Commerce Lexington Inc.’s EMERGE Conference was recognized with an Excellence Award in the Outstanding Special Event Category (Group V). The KCCE Excellence Awards recognize superior achievement and professional excellence among local chambers throughout Kentucky, with awards presented in communications, membership and special events, as well as to top volunteers, staff members and executives.
Commerce Lexington’s annual EMERGE Conference brings together entrepreneurs, emerging leaders, business professionals, and community members. The event was created following the organization’s Leadership Visit to Omaha, Nebraska, in 2013, during which there was a heavy focus on how that city engaged its young professionals and leveraged its YP network. In its first four years, EMERGE has grown rapidly, with more than 400 people attending the 2017 conference.
The Emerge conference engages the next generation of leaders through networking, as well as education through breakout sessions in the areas of community engagement, professional development and personal growth. The 2017 event included a luncheon, keynote speakers, networking reception, and the opportunity to develop stronger ties to our community.
The Kentucky Chamber of Commerce Executives, or KCCE, provides professional development and continuing education opportunities for local chambers of commerce, their staff and volunteers. KCCE also provides assistance, resources and grassroots advocacy to all chambers across the state.
At the 52nd annual Celebration of the Kentucky Chamber of Commerce Executives (KCCE), Commerce Lexington Inc.’s EMERGE Conference was recognized with an Excellence Award in the Outstanding Special Event Category (Group V). The KCCE Excellence Awards recognize superior achievement and professional excellence among local chambers throughout Kentucky, with awards presented in communications, membership and special events, as well as to top volunteers, staff members and executives.
Commerce Lexington’s annual EMERGE Conference brings together entrepreneurs, emerging leaders, business professionals, and community members. The event was created following the organization’s Leadership Visit to Omaha, Nebraska, in 2013, during which there was a heavy focus on how that city engaged its young professionals and leveraged its YP network. In its first four years, EMERGE has grown rapidly, with more than 400 people attending the 2017 conference.
The Emerge conference engages the next generation of leaders through networking, as well as education through breakout sessions in the areas of community engagement, professional development and personal growth. The 2017 event included a luncheon, keynote speakers, networking reception, and the opportunity to develop stronger ties to our community.
The Kentucky Chamber of Commerce Executives, or KCCE, provides professional development and continuing education opportunities for local chambers of commerce, their staff and volunteers. KCCE also provides assistance, resources and grassroots advocacy to all chambers across the state.
CLX's Kelly Bates Recognized for Lifetime Sales Achievement
Commerce Lexington Inc. Member Engagement Manager Kelly Bates was recognized recently by the Association of Chamber of Commerce Executives (ACCE) with a Lifetime Sales Achievement Award at its annual convention in Nashville. Pictured at left is Kelly with outgoing ACCE President Mick Fleming, who presented her with a Silver Level Lifetime Achievement Award, marking 750 transactions or $300,000 in chamber membership sales. Congratulations to Kelly Bates, who has been a strong producer in Commerce Lexington’s membership area for over 10 years.
Commerce Lexington Inc. Member Engagement Manager Kelly Bates was recognized recently by the Association of Chamber of Commerce Executives (ACCE) with a Lifetime Sales Achievement Award at its annual convention in Nashville. Pictured at left is Kelly with outgoing ACCE President Mick Fleming, who presented her with a Silver Level Lifetime Achievement Award, marking 750 transactions or $300,000 in chamber membership sales. Congratulations to Kelly Bates, who has been a strong producer in Commerce Lexington’s membership area for over 10 years.
Lexington Ranked 7th-Best for New College Grads
For the third consecutive year, SmartAsset took a look at the best cities for new college graduates. Moving up 11 spots this year, Lexington ranked 7th on the 2017 list. According to SmartAsset, residents here with Bachelor’s degrees are seeing more jobs this year, with the unemployment rate down by 2-percent, despite the drop in job postings. On average, college graduates are earning more than they were last year, as well.
Luckily, the rent remains affordable, landing Lexington in the top 25 in this metric overall. In fact, the overall cost of living is basically right at the national average, placing it as the 19th-best out of all the cities considered. That leaves some nice space in a budget to head to the growing number of entertainment and dining businesses in the city. Plus, Lexington’s bars snagged the second-best Yelp scores in the top 10. SmartAsset looked at the 108 largest cities for which data was available, calculating scores for cities based on metrics under three crucial categories in a new college graduate’s life: jobs, affordability and fun.
Find out more about this new ranking HERE.
For the third consecutive year, SmartAsset took a look at the best cities for new college graduates. Moving up 11 spots this year, Lexington ranked 7th on the 2017 list. According to SmartAsset, residents here with Bachelor’s degrees are seeing more jobs this year, with the unemployment rate down by 2-percent, despite the drop in job postings. On average, college graduates are earning more than they were last year, as well.
Luckily, the rent remains affordable, landing Lexington in the top 25 in this metric overall. In fact, the overall cost of living is basically right at the national average, placing it as the 19th-best out of all the cities considered. That leaves some nice space in a budget to head to the growing number of entertainment and dining businesses in the city. Plus, Lexington’s bars snagged the second-best Yelp scores in the top 10. SmartAsset looked at the 108 largest cities for which data was available, calculating scores for cities based on metrics under three crucial categories in a new college graduate’s life: jobs, affordability and fun.
Find out more about this new ranking HERE.
MosquitoMate Expands Lexington Operations
A Lexington-based biotech company and spinout of the University of Kentucky is growing its operations to meet demands of mosquito-borne disease and pest control in the United States. Mayor Jim Gray and UK President Eli Capilouto today joined MosquitoMate officials and local leaders to celebrate the grand opening of the company’s newly expanded facilities in Lexington.
MosquitoMate Inc. is expanding its facilities to produce sterile male mosquitoes that will serve as a nontoxic, non-GMO pesticide. Unlike female mosquitoes, male mosquitoes do not bite. Since female mosquitoes tend to be monogamous, once a sterile male mates with a female, her eggs will not hatch eliminating the next generation of mosquitoes.
The company is creating 12 new jobs in addition to the 10 existing jobs in their Research and Development facility off Regency Road. At capacity, the new facility will be able to produce in excess of 50 million eggs per week and three million sterile males per week. Poised for EPA approval, the company will be able to sell the sterile male mosquitoes to combat pest control issues.
“Our City and our state benefit from the jobs created by UK brainpower. It’s one reason university cities like ours have a high rate of business starts. MosquitoMate is also offering our city important new ways to protect citizens from mosquito-borne illnesses, like Zika,” Mayor Jim Gray said. “Congratulations to MosquitoMate.”
The new 6,000-square-foot mosquito production facility will be the first of its kind to produce and distribute non-GMO ZAP male mosquitoes as a biopesticide against the Asian Tiger mosquito (Aedes albopictus), an invasive mosquito commonly known to carry infectious diseases like Zika Virus, Dengue, Chikungunya and pet animal heartworm. This facility will serve as a model for future facilities throughout the country and internationally, as well as improve capacity for MosquitoMate to provide an environmentally-friendly, front line solutions to fight the potential spread of disease.
“Developing innovative pest control solutions using environmentally-friendly technology continues to be our focus,” said Founder and President Stephen Dobson, Ph.D. “Lexington’s startup business environment and its close proximity to a leading research university is ideal for us to continue to develop ideas, perform research and commercialize products.”
The company’s non-chemical, non-GMO approach to mosquito control involves producing non-biting, ZAP male mosquitoes that carry a naturally-occurring bacterium called ‘Wolbachia.’ Wolbachia bacteria occur in over half of all insects naturally. When a ZAP male mates with Tiger mosquito females, their eggs do no hatch. If enough of the Tiger mosquito eggs do not hatch, then the population goes away, without having to use chemicals that can harm bees and butterflies.
As more non-biting ZAP males are released, the biting mosquito population can decrease dramatically. A series of successful trials have been conducted by MosquitoMate and its partners in California, New York and Lexington. Current trials are underway in South Florida.
MosquitoMate’s approach is species-specific. Male mosquitoes do not try to mate with bees or butterflies, and so unlike many traditional chemical control methods, the MosquitoMate ZAP males do not harm beneficial insects.
“Our research and creative discovery shape industry, create jobs and broaden our understanding of the human, artistic and technological world, “said UK President Eli Capilouto. “This work highlights, in a compelling way, our role as an economic engine for the Commonwealth and as the University for Kentucky.”
“Our Cabinet is proud to support MosquitoMate’s innovative work, both because it adds to our state’s biotech sector and that it reduces an annoyance and potentially disease-carrying hazard we all face this time of year,” said Terry Gill, secretary of the Kentucky Cabinet for Economic Development. “Today’s event provides a great example of how promoting an atmosphere for R&D and entrepreneurship in Kentucky, companies ultimately create new economic impact as they mature. I congratulate MosquitoMate on opening its new facility and look forward to working with them in the future.”
“The Bluegrass Business Development Partnership has enjoyed working with MosquitoMate on their site selection process over the last few years,” said Carla Blanton, Commerce Lexington Inc.’s Board Chair. “With a flagship research university and our highly educated workforce, Lexington is a prime location for MosquitoMate’s growth. Congratulations on your expansion.”
“MosquitoMate is an excellent example of success being cultivated here in Central Kentucky,” said Terry Samuel, Executive Vice President and Chief Operating Officer of the Kentucky Science and Technology Corporation. “Start with leading scientists leveraging technology and expertise from UK, add in support from Commerce Lexington Inc., the Kentucky Science and Technology Corporation and the Cabinet for Economic Development and the result is a home-grown company that is not only growing commercially, but also preventing the dissemination of some of the world's most serious diseases.”
A Lexington-based biotech company and spinout of the University of Kentucky is growing its operations to meet demands of mosquito-borne disease and pest control in the United States. Mayor Jim Gray and UK President Eli Capilouto today joined MosquitoMate officials and local leaders to celebrate the grand opening of the company’s newly expanded facilities in Lexington.
MosquitoMate Inc. is expanding its facilities to produce sterile male mosquitoes that will serve as a nontoxic, non-GMO pesticide. Unlike female mosquitoes, male mosquitoes do not bite. Since female mosquitoes tend to be monogamous, once a sterile male mates with a female, her eggs will not hatch eliminating the next generation of mosquitoes.
The company is creating 12 new jobs in addition to the 10 existing jobs in their Research and Development facility off Regency Road. At capacity, the new facility will be able to produce in excess of 50 million eggs per week and three million sterile males per week. Poised for EPA approval, the company will be able to sell the sterile male mosquitoes to combat pest control issues.
“Our City and our state benefit from the jobs created by UK brainpower. It’s one reason university cities like ours have a high rate of business starts. MosquitoMate is also offering our city important new ways to protect citizens from mosquito-borne illnesses, like Zika,” Mayor Jim Gray said. “Congratulations to MosquitoMate.”
The new 6,000-square-foot mosquito production facility will be the first of its kind to produce and distribute non-GMO ZAP male mosquitoes as a biopesticide against the Asian Tiger mosquito (Aedes albopictus), an invasive mosquito commonly known to carry infectious diseases like Zika Virus, Dengue, Chikungunya and pet animal heartworm. This facility will serve as a model for future facilities throughout the country and internationally, as well as improve capacity for MosquitoMate to provide an environmentally-friendly, front line solutions to fight the potential spread of disease.
“Developing innovative pest control solutions using environmentally-friendly technology continues to be our focus,” said Founder and President Stephen Dobson, Ph.D. “Lexington’s startup business environment and its close proximity to a leading research university is ideal for us to continue to develop ideas, perform research and commercialize products.”
The company’s non-chemical, non-GMO approach to mosquito control involves producing non-biting, ZAP male mosquitoes that carry a naturally-occurring bacterium called ‘Wolbachia.’ Wolbachia bacteria occur in over half of all insects naturally. When a ZAP male mates with Tiger mosquito females, their eggs do no hatch. If enough of the Tiger mosquito eggs do not hatch, then the population goes away, without having to use chemicals that can harm bees and butterflies.
As more non-biting ZAP males are released, the biting mosquito population can decrease dramatically. A series of successful trials have been conducted by MosquitoMate and its partners in California, New York and Lexington. Current trials are underway in South Florida.
MosquitoMate’s approach is species-specific. Male mosquitoes do not try to mate with bees or butterflies, and so unlike many traditional chemical control methods, the MosquitoMate ZAP males do not harm beneficial insects.
“Our research and creative discovery shape industry, create jobs and broaden our understanding of the human, artistic and technological world, “said UK President Eli Capilouto. “This work highlights, in a compelling way, our role as an economic engine for the Commonwealth and as the University for Kentucky.”
“Our Cabinet is proud to support MosquitoMate’s innovative work, both because it adds to our state’s biotech sector and that it reduces an annoyance and potentially disease-carrying hazard we all face this time of year,” said Terry Gill, secretary of the Kentucky Cabinet for Economic Development. “Today’s event provides a great example of how promoting an atmosphere for R&D and entrepreneurship in Kentucky, companies ultimately create new economic impact as they mature. I congratulate MosquitoMate on opening its new facility and look forward to working with them in the future.”
“The Bluegrass Business Development Partnership has enjoyed working with MosquitoMate on their site selection process over the last few years,” said Carla Blanton, Commerce Lexington Inc.’s Board Chair. “With a flagship research university and our highly educated workforce, Lexington is a prime location for MosquitoMate’s growth. Congratulations on your expansion.”
“MosquitoMate is an excellent example of success being cultivated here in Central Kentucky,” said Terry Samuel, Executive Vice President and Chief Operating Officer of the Kentucky Science and Technology Corporation. “Start with leading scientists leveraging technology and expertise from UK, add in support from Commerce Lexington Inc., the Kentucky Science and Technology Corporation and the Cabinet for Economic Development and the result is a home-grown company that is not only growing commercially, but also preventing the dissemination of some of the world's most serious diseases.”
CLX’s Gina Greathouse Recognized with KAED’s Community Professional
of the Year Award at Fall Conference
[Lexington, KY] – Gina Greathouse, Commerce Lexington Inc.’s Executive Vice President of Economic Development, was recently honored with the Kentucky Association for Economic Development’s (KAED) James J. Coleman Community Professional of the Year Award at its fall conference. The award recognizes practitioners who have made significant and/or innovative contributions to the field and their service area during the past year.
A 21-year veteran of Commerce Lexington Inc. and long-time economic development professional, Ms. Greathouse has been instrumental in leading the organization’s economic development efforts. Her team not only helps Lexington/Central Kentucky put its “best foot forward” when recruiting new businesses to the area, but she also manages many expansion, retention and start-up projects right here at home.
Under her leadership, Commerce Lexington’s Economic Development Division has surpassed its internal goals, increased annual economic return targets and continually sought new advancements in operational tools, such as adding an economic impact report and project database, as well as upgrading our website’s searchable data software. Commerce Lexington Inc. has also strengthened its partnerships within the Bluegrass Business Development Partnership – including Commerce Lexington, the City of Lexington and University of Kentucky, the Bluegrass Economic Advancement Movement (BEAM) – a 22-county economic initiative between Lexington and Louisville, the Bluegrass Alliance and others.
In 2016, the Economic Development Division earned one of the top communications and marketing awards from the Association of Chamber of Commerce Executives (ACCE) for a project developed specifically for the 2015 Breeders’ Cup, as well as several marketing honors from the International Economic Development Council and the Kentucky Association for Economic Development. Meanwhile, Commerce Lexington Inc. was named ACCE’s Chamber of the Year as the nation’s top chamber of commerce. It was the third consecutive year that CLX was a finalist for the award, competing this time against some of the largest chambers in the country – Jacksonville (FL), Brooklyn (NY) and Tacoma (WA).
of the Year Award at Fall Conference
[Lexington, KY] – Gina Greathouse, Commerce Lexington Inc.’s Executive Vice President of Economic Development, was recently honored with the Kentucky Association for Economic Development’s (KAED) James J. Coleman Community Professional of the Year Award at its fall conference. The award recognizes practitioners who have made significant and/or innovative contributions to the field and their service area during the past year.
A 21-year veteran of Commerce Lexington Inc. and long-time economic development professional, Ms. Greathouse has been instrumental in leading the organization’s economic development efforts. Her team not only helps Lexington/Central Kentucky put its “best foot forward” when recruiting new businesses to the area, but she also manages many expansion, retention and start-up projects right here at home.
Under her leadership, Commerce Lexington’s Economic Development Division has surpassed its internal goals, increased annual economic return targets and continually sought new advancements in operational tools, such as adding an economic impact report and project database, as well as upgrading our website’s searchable data software. Commerce Lexington Inc. has also strengthened its partnerships within the Bluegrass Business Development Partnership – including Commerce Lexington, the City of Lexington and University of Kentucky, the Bluegrass Economic Advancement Movement (BEAM) – a 22-county economic initiative between Lexington and Louisville, the Bluegrass Alliance and others.
In 2016, the Economic Development Division earned one of the top communications and marketing awards from the Association of Chamber of Commerce Executives (ACCE) for a project developed specifically for the 2015 Breeders’ Cup, as well as several marketing honors from the International Economic Development Council and the Kentucky Association for Economic Development. Meanwhile, Commerce Lexington Inc. was named ACCE’s Chamber of the Year as the nation’s top chamber of commerce. It was the third consecutive year that CLX was a finalist for the award, competing this time against some of the largest chambers in the country – Jacksonville (FL), Brooklyn (NY) and Tacoma (WA).
Commerce Lex. Economic Development Division Recognized With 2 IEDC Excellence Awards
Commerce Lexington Inc. is proud to announce that it received two Excellence in Economic Development Awards from the International Economic Development Council (IEDC) during its annual conference in Cleveland, Ohio. Commerce Lexington Inc.’s Economic Development division received a Silver Excellence in Economic Development Award for its 2016 Breeders’ Cup: Here's Our Proof project in the category of General Purpose Print Promotion and a Bronze Excellence in Economic Development Award for a 2016 project in the category of Paid Advertisement Campaign. The campaign series, entitled “Come Back Home,” focuses on the business attributes of Lexington, as well as on alumni who successfully brought their business back to Lexington.
“On behalf of the IEDC board of directors and Excellence in Economic Development Awards Advisory Committee, congratulations to Commerce Lexington Inc. Economic Development. Not only did they work to provide a necessary service to their community; but also, their participation in the awards program sheds light on their stellar projects which other communities can now use a benchmark," said Barry Matherly, CEcD, FM, IEDC 2016 Board Chair, President & CEO of the Greater Richmond Partnership.
IEDC's Excellence in Economic Development Awards recognize the world’s best economic development programs and partnerships, marketing materials, and the year’s most influential leaders. These awards honor organizations and individuals for their efforts in creating positive change in urban, suburban, and rural communities.
Commerce Lexington Inc. is proud to announce that it received two Excellence in Economic Development Awards from the International Economic Development Council (IEDC) during its annual conference in Cleveland, Ohio. Commerce Lexington Inc.’s Economic Development division received a Silver Excellence in Economic Development Award for its 2016 Breeders’ Cup: Here's Our Proof project in the category of General Purpose Print Promotion and a Bronze Excellence in Economic Development Award for a 2016 project in the category of Paid Advertisement Campaign. The campaign series, entitled “Come Back Home,” focuses on the business attributes of Lexington, as well as on alumni who successfully brought their business back to Lexington.
“On behalf of the IEDC board of directors and Excellence in Economic Development Awards Advisory Committee, congratulations to Commerce Lexington Inc. Economic Development. Not only did they work to provide a necessary service to their community; but also, their participation in the awards program sheds light on their stellar projects which other communities can now use a benchmark," said Barry Matherly, CEcD, FM, IEDC 2016 Board Chair, President & CEO of the Greater Richmond Partnership.
IEDC's Excellence in Economic Development Awards recognize the world’s best economic development programs and partnerships, marketing materials, and the year’s most influential leaders. These awards honor organizations and individuals for their efforts in creating positive change in urban, suburban, and rural communities.
VIDEO: Opportunity Exchange - Blockchain
Commerce Lexington Inc.’s recent Opportunity Exchange event presented by Columbia Gas of Kentucky featured Lafe Taylor and Koby Hastings, principals of Fluent, a blockchain-based financial network and payment platform startup aimed at providing a friction-less operating network for large enterprises and their global supply chains. Opportunity Exchange events are held twice per year and feature great networking and interaction for minority-owned and small businesses in the Lexington community, as well as the opportunity to talk with purchasing professionals from several large companies.
Commerce Lexington Inc.’s recent Opportunity Exchange event presented by Columbia Gas of Kentucky featured Lafe Taylor and Koby Hastings, principals of Fluent, a blockchain-based financial network and payment platform startup aimed at providing a friction-less operating network for large enterprises and their global supply chains. Opportunity Exchange events are held twice per year and feature great networking and interaction for minority-owned and small businesses in the Lexington community, as well as the opportunity to talk with purchasing professionals from several large companies.
Commerce Lexington Named ‘Chamber of the Year’ by Association of Chamber of Commerce Executives
Marketing Project Receives Grand Award in Communications Excellence
Commerce Lexington Inc. was named “Chamber of the Year” in the large chamber category (Category 4) during the Association of Chamber of Commerce Executives’ (ACCE) annual convention in Savannah, Georgia. At an awards program last night, Commerce Lexington Inc. President and CEO Bob Quick and a portion of its staff accepted the honor from ACCE, after competing against other category finalists, which included other chambers from Brooklyn (NY), Jacksonville (FL), and Tacoma-Pierce County (WA).
ACCE’s Chamber of the Year Award recognizes the dual role chambers have in leading businesses and communities, honoring excellence in operations, member services, and community leadership. The comprehensive awards program includes an operations survey where chambers must meet key performance areas, an application that details two programs or initiatives, and finally in-person interviews with leaders from each finalist chamber conducted by a judging committee.
Mr. Quick said, “This is the pinnacle for our organization, as well as our entire membership, the board of directors and volunteers, and the many partners with whom we work on a daily basis. The award not only affirms that we are doing quality work in events and programs across our organization, but also recognizes the efforts of many great people throughout the region working day-in and day-out to strengthen Central Kentucky.”
In addition to the Chamber of the Year Award, Commerce Lexington Inc. also received one of ACCE’s top communications/marketing honors – a Grand Award – for the Economic Development Division’s “Here’s Our Proof” marketing campaign during the 2015 Breeders’ Cup. Partnering with VisitLEX, this Bourbon box marketing gift showcased Lexington as a great place for business and a top location for conventions and tourism.
Marketing Project Receives Grand Award in Communications Excellence
Commerce Lexington Inc. was named “Chamber of the Year” in the large chamber category (Category 4) during the Association of Chamber of Commerce Executives’ (ACCE) annual convention in Savannah, Georgia. At an awards program last night, Commerce Lexington Inc. President and CEO Bob Quick and a portion of its staff accepted the honor from ACCE, after competing against other category finalists, which included other chambers from Brooklyn (NY), Jacksonville (FL), and Tacoma-Pierce County (WA).
ACCE’s Chamber of the Year Award recognizes the dual role chambers have in leading businesses and communities, honoring excellence in operations, member services, and community leadership. The comprehensive awards program includes an operations survey where chambers must meet key performance areas, an application that details two programs or initiatives, and finally in-person interviews with leaders from each finalist chamber conducted by a judging committee.
Mr. Quick said, “This is the pinnacle for our organization, as well as our entire membership, the board of directors and volunteers, and the many partners with whom we work on a daily basis. The award not only affirms that we are doing quality work in events and programs across our organization, but also recognizes the efforts of many great people throughout the region working day-in and day-out to strengthen Central Kentucky.”
In addition to the Chamber of the Year Award, Commerce Lexington Inc. also received one of ACCE’s top communications/marketing honors – a Grand Award – for the Economic Development Division’s “Here’s Our Proof” marketing campaign during the 2015 Breeders’ Cup. Partnering with VisitLEX, this Bourbon box marketing gift showcased Lexington as a great place for business and a top location for conventions and tourism.
Commerce Lexington Inc. Recognized Among Top Chambers of Commerce for Third Consecutive Year
[LEXINGTON, Ky.] – For the third consecutive year, Commerce Lexington Inc. has been recognized among top chambers of commerce internationally as a finalist for the Association of Chamber of Commerce Executives’ (ACCE) 2016 Chamber of the Year Award. Since 2007, ACCE has annually recognized chambers of commerce in various size categories for their work leading businesses and communities with the Chamber of the Year Award, which recognizes excellence in operations, member services, and community leadership.
Commerce Lexington Inc. President and CEO Bob Quick, CCE, said, “We are humbled to be recognized once again among the top chambers of commerce within a category that contains some of the largest chambers in the country. The comprehensive nature of this honor means a lot to our board, staff, volunteers, and members, who contribute daily to our efforts to enhance our community, but it also affirms that we are doing quality work in events, programs and services across our organization.”
ACCE President and Chief Executive Officer Mick Fleming said, “Applicants have already proven themselves worthy of emulation and praise by the time they reach finalist status. Only chambers meeting certain benchmarks are even invited to apply, so becoming a finalist is a big deal. In each case, the chamber’s numbers are good, their highlighted programs are strong and their impact on businesses and communities is evident.”
The Chamber of the Year process begins with the Annual Operations Survey. Applicants qualified to compete by completing the survey and meeting thresholds in at least four of six key performance areas including: net revenue, net assets, reserve funds, membership account retention, and membership dollar retention.
ACCE staff and the Chamber of the Year volunteer judging committee determine the competition category for each applicant based on established criteria, including: annual revenue, member accounts, service area population, number of businesses in the service area, and restricted revenue as a percentage of total revenue. In the final phase of award process, the judging committee conducts in-person interviews with leaders from each finalist chamber.
The 2016 Chamber of the Year Award winners will be announced at ACCE’s Annual Convention August 9-12, in Savannah, Georgia. A complete list of ACCE Chamber of the Year Award Finalists follows.
2016 CHAMBER OF THE YEAR AWARD FINALISTS:
State/Province Association Category:
Category 4:
Category 3:
Category 2:
Category 1:
[LEXINGTON, Ky.] – For the third consecutive year, Commerce Lexington Inc. has been recognized among top chambers of commerce internationally as a finalist for the Association of Chamber of Commerce Executives’ (ACCE) 2016 Chamber of the Year Award. Since 2007, ACCE has annually recognized chambers of commerce in various size categories for their work leading businesses and communities with the Chamber of the Year Award, which recognizes excellence in operations, member services, and community leadership.
Commerce Lexington Inc. President and CEO Bob Quick, CCE, said, “We are humbled to be recognized once again among the top chambers of commerce within a category that contains some of the largest chambers in the country. The comprehensive nature of this honor means a lot to our board, staff, volunteers, and members, who contribute daily to our efforts to enhance our community, but it also affirms that we are doing quality work in events, programs and services across our organization.”
ACCE President and Chief Executive Officer Mick Fleming said, “Applicants have already proven themselves worthy of emulation and praise by the time they reach finalist status. Only chambers meeting certain benchmarks are even invited to apply, so becoming a finalist is a big deal. In each case, the chamber’s numbers are good, their highlighted programs are strong and their impact on businesses and communities is evident.”
The Chamber of the Year process begins with the Annual Operations Survey. Applicants qualified to compete by completing the survey and meeting thresholds in at least four of six key performance areas including: net revenue, net assets, reserve funds, membership account retention, and membership dollar retention.
ACCE staff and the Chamber of the Year volunteer judging committee determine the competition category for each applicant based on established criteria, including: annual revenue, member accounts, service area population, number of businesses in the service area, and restricted revenue as a percentage of total revenue. In the final phase of award process, the judging committee conducts in-person interviews with leaders from each finalist chamber.
The 2016 Chamber of the Year Award winners will be announced at ACCE’s Annual Convention August 9-12, in Savannah, Georgia. A complete list of ACCE Chamber of the Year Award Finalists follows.
2016 CHAMBER OF THE YEAR AWARD FINALISTS:
State/Province Association Category:
- Association of Washington Business (WA)
- Georgia Chamber of Commerce (Atlanta, GA)
- Saskatchewan Chamber of Commerce (Regina, Saskatchewan)
Category 4:
- Brooklyn Chamber of Commerce (Brooklyn, NY)
- Commerce Lexington Inc. (Lexington, KY)
- JAX Chamber (Jacksonville, FL)
- Tacoma-Pierce County Chamber of Commerce (Tacoma, WA)
Category 3:
- Bowling Green Area Chamber of Commerce (Bowling Green, KY)
- Gainesville Area Chamber of Commerce (Gainesville, FL)
- Southwest Indiana Chamber (Evansville, IN)
Category 2:
- The Chamber of Greater Springfield (Springfield, OH)
- Muskegon Lakeshore Chamber of Commerce (Muskegon Lakeshore, MI)
- Vail Valley Partnership (Avon, CO)
Category 1:
- Catawba County Chamber of Commerce (Hickory, NC)
- O’Fallon Chamber of Commerce & Industries (O’Fallon, MO)
- Rowan County Chamber of Commerce (Salisbury, NC)
Lexington Recognized Among Top Metros for Economic Development by Site Selection
Kentucky has been awarded the Governor’s Cup for the second year by Site Selection Magazine! In order to be considered for the Governor’s Cup, projects must fulfill one or more of the following criteria:
Kentucky had 285 qualifying projects, up from 258 last year. Kentucky ranked #1 in Projects Per Capita and #5 in Number of Projects overall.
Many of the capital projects that helped Kentucky win the Governor’s Cup were in the Bluegrass Region, including Valvoline’s $35 million investment in their headquarters and R&D operations in Lexington.
Lexington also ranked #8 Top Mid-Sized Metro Area by Number of Projects, up from #16 the year before.
Several projects that helped Lexington rank #8 were supported by Commerce Lexington, including Innovative Mattress Solutions’ headquarters relocation to Lexington, Belcan’s expansions of its engineering services, and CLARK Material Handling’s expansion of their manufacturing operations.
In fact, last year Commerce Lexington helped nearly 40 companies locate to or expand in Lexington, representing a variety of industries including advanced manufacturing, information technology, R&D, biotech, and headquarters operations. These companies invested over $109 million and created over 970 jobs in the Bluegrass Region.
Kentucky has been awarded the Governor’s Cup for the second year by Site Selection Magazine! In order to be considered for the Governor’s Cup, projects must fulfill one or more of the following criteria:
- capital investment of at least $1 million
- create 50 or more jobs
- add at least 20,000 square feet of new floor space.
Kentucky had 285 qualifying projects, up from 258 last year. Kentucky ranked #1 in Projects Per Capita and #5 in Number of Projects overall.
Many of the capital projects that helped Kentucky win the Governor’s Cup were in the Bluegrass Region, including Valvoline’s $35 million investment in their headquarters and R&D operations in Lexington.
Lexington also ranked #8 Top Mid-Sized Metro Area by Number of Projects, up from #16 the year before.
Several projects that helped Lexington rank #8 were supported by Commerce Lexington, including Innovative Mattress Solutions’ headquarters relocation to Lexington, Belcan’s expansions of its engineering services, and CLARK Material Handling’s expansion of their manufacturing operations.
In fact, last year Commerce Lexington helped nearly 40 companies locate to or expand in Lexington, representing a variety of industries including advanced manufacturing, information technology, R&D, biotech, and headquarters operations. These companies invested over $109 million and created over 970 jobs in the Bluegrass Region.
Commerce Lexington Inc. Recognized Among Top Chambers at ACCE Convention in Montreal, Canada
At the annual convention of the Association of Chamber of Commerce Executives in Montreal, Canada, on August 12, Commerce Lexington Inc. was recognized among the top chambers of commerce in Category 4 of the 2015 Chamber of the Year Award program. ACCE’s Chamber of the Year is the nation’s only award recognizing the dual role chambers have in leading businesses and communities.
Chambers honored with the Chamber of the Year designation have not only demonstrated organizational strength, but also have made an impact on key community priorities, such as education, transportation, business development and quality of life. Commerce Lexington Inc. was recognized alongside the Myrtle Beach Chamber and the Chattanooga Area Chamber of Commerce.
At the annual convention of the Association of Chamber of Commerce Executives in Montreal, Canada, on August 12, Commerce Lexington Inc. was recognized among the top chambers of commerce in Category 4 of the 2015 Chamber of the Year Award program. ACCE’s Chamber of the Year is the nation’s only award recognizing the dual role chambers have in leading businesses and communities.
Chambers honored with the Chamber of the Year designation have not only demonstrated organizational strength, but also have made an impact on key community priorities, such as education, transportation, business development and quality of life. Commerce Lexington Inc. was recognized alongside the Myrtle Beach Chamber and the Chattanooga Area Chamber of Commerce.
Belcan Announces Expansion in Downtown Lexington; Adding 100 Jobs & Investing $1.2 million
Lieutenant Governor Crit Luallen and Mayor Jim Gray joined company officials and local leaders on July 28, 2015, to announce the expansion of Belcan Corporation in downtown Lexington.
Belcan, a leading engineering services and technical staffing provider will create 100 jobs and invest $1.2 million into the expansion in the Lexington Vine Center.
“The Belcan story is a testament to the entrepreneurial spirit of Kentucky,” said Gov. Steve Beshear. “When faced with business challenges, company officials opted to reach outside their current portfolio to grow. I commend their hard work and determination and congratulate them on this achievement.”
“Congratulations to company officials, employees and downtown Lexington,” said Lt. Gov. Crit Luallen. “This is another example of how Kentucky’s pro-business climate allows companies to grow their business and bring new, high-paying jobs to Kentucky.”
Belcan is planning to lease an additional 15,000-square feet in the Vine Center to accommodate the increased number of engineers needed to support our new customer Pratt & Whitney, a commercial and military aerospace gas turbine engine supplier. Belcan opened its Lexington office in 2005 to service a growing aerospace contract with Sikorsky Aircraft Corporation.
“We are grateful to the Lexington business community and our employees for their efforts and support over the last 10 years,” says Lance Kwasniewski, CEO of Belcan. ”We are looking forward to continued growth in the years ahead.”
“Attracting this outstanding company to our city and helping it grow its aerospace engineering and design center are huge steps forward that tell the world Lexington is a great place to do business,” said Mayor Jim Gray. “Since 2011, Lexington’s unemployment rate has been cut by more than half. Companies are moving here and growing here. Lexington is competing and winning with a high quality of life, outstanding educational opportunities and state and unique local incentives. We work to attract jobs every day.”
Belcan is headquartered in Cincinnati, Ohio and has more than 6,000 employees in 49 locations serving more than 600 active clients globally. The company is a major supplier of engineering, project management and technical staffing solutions to a wide array of industries.
“It is exciting for our community that Belcan is expanding its Lexington operations, which will create new job opportunities and provide a healthy boost to the local economy,” said Sen. Reginald Thomas of Lexington. “It also speaks highly of our dedicated workforce that this company is willing to make this investment. Belcan is a good corporate neighbor and I look forward to a long, prosperous corporate partnership.”
“I’m really pleased to see Belcan take this step and invest further in our community, because these jobs are exactly the type we’re trying to attract to downtown,” said Rep. Kelly Flood of Lexington. “I want to thank the company’s leaders for moving in this direction, and I appreciate the hard work of Gov. Beshear, his administration and our local leaders in making economic development announcements like this possible.”
“As Belcan celebrates 10 years in Lexington, they continue to add high paying aerospace jobs to the community,” said Bob Quick, CCE, president and CEO of Commerce Lexington Inc. “We enjoyed working with the Belcan team when they located in 2005 and look forward to continuing our partnership for many years to come.”
For more information on Belcan, visit www.belcancorporation.com.
Lieutenant Governor Crit Luallen and Mayor Jim Gray joined company officials and local leaders on July 28, 2015, to announce the expansion of Belcan Corporation in downtown Lexington.
Belcan, a leading engineering services and technical staffing provider will create 100 jobs and invest $1.2 million into the expansion in the Lexington Vine Center.
“The Belcan story is a testament to the entrepreneurial spirit of Kentucky,” said Gov. Steve Beshear. “When faced with business challenges, company officials opted to reach outside their current portfolio to grow. I commend their hard work and determination and congratulate them on this achievement.”
“Congratulations to company officials, employees and downtown Lexington,” said Lt. Gov. Crit Luallen. “This is another example of how Kentucky’s pro-business climate allows companies to grow their business and bring new, high-paying jobs to Kentucky.”
Belcan is planning to lease an additional 15,000-square feet in the Vine Center to accommodate the increased number of engineers needed to support our new customer Pratt & Whitney, a commercial and military aerospace gas turbine engine supplier. Belcan opened its Lexington office in 2005 to service a growing aerospace contract with Sikorsky Aircraft Corporation.
“We are grateful to the Lexington business community and our employees for their efforts and support over the last 10 years,” says Lance Kwasniewski, CEO of Belcan. ”We are looking forward to continued growth in the years ahead.”
“Attracting this outstanding company to our city and helping it grow its aerospace engineering and design center are huge steps forward that tell the world Lexington is a great place to do business,” said Mayor Jim Gray. “Since 2011, Lexington’s unemployment rate has been cut by more than half. Companies are moving here and growing here. Lexington is competing and winning with a high quality of life, outstanding educational opportunities and state and unique local incentives. We work to attract jobs every day.”
Belcan is headquartered in Cincinnati, Ohio and has more than 6,000 employees in 49 locations serving more than 600 active clients globally. The company is a major supplier of engineering, project management and technical staffing solutions to a wide array of industries.
“It is exciting for our community that Belcan is expanding its Lexington operations, which will create new job opportunities and provide a healthy boost to the local economy,” said Sen. Reginald Thomas of Lexington. “It also speaks highly of our dedicated workforce that this company is willing to make this investment. Belcan is a good corporate neighbor and I look forward to a long, prosperous corporate partnership.”
“I’m really pleased to see Belcan take this step and invest further in our community, because these jobs are exactly the type we’re trying to attract to downtown,” said Rep. Kelly Flood of Lexington. “I want to thank the company’s leaders for moving in this direction, and I appreciate the hard work of Gov. Beshear, his administration and our local leaders in making economic development announcements like this possible.”
“As Belcan celebrates 10 years in Lexington, they continue to add high paying aerospace jobs to the community,” said Bob Quick, CCE, president and CEO of Commerce Lexington Inc. “We enjoyed working with the Belcan team when they located in 2005 and look forward to continuing our partnership for many years to come.”
For more information on Belcan, visit www.belcancorporation.com.
