Greater Louisville: An Abundance of Opportunity | Trade and Industry Development

Greater Louisville: An Abundance of Opportunity

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Jan 02, 2024 | By: Greater Louisville Inc.

Greater Louisville’s abundant resources and amenities set the stage for a business landscape that provides the promise of a thriving future, rich economy and welcoming environment. The region brings together progressive values and innovation, with unrivaled accessibility and affordability. It’s where Southern hospitality meets Midwestern sensibilities.

The region is made up of communities within Kentucky and Southern Indiana and offers affordable land, plenty of space to build, unlimited water resources and easy access to rail and air transportation. With so many resources, it’s no wonder Louisville is consistently recognized and ranked as a top place to work and live.

Start Your Business Here

kyThe 15-county, bi-state region makes for a great place to do business because of its top-notch talent and workforce pipeline that includes work-ready skill building, industry specific training programs, employer networks and university partnerships that set businesses for success. There are more than 20 colleges and universities in the region, allowing Louisville to retain the top talent in the area. Employment locally has continued to grow. Louisville’s total employment at the end of the third quarter of 2023 was the highest within the last 10 years.

The cost of doing business in the region is 12 percent lower than the national average, and Louisville is strategically located at a twenty-first century crossroads of rail, river, road and runway. With unrivaled access to the interstate system, companies located in the region can provide best-of-class supply chain and logistics service to customers around the world through UPS Worldport, the largest automated package sorting facility in the world and fifth busiest air cargo hub in the world. This makes it an ideal location for companies seeking to bring goods to national and international markets quickly. It is no surprise that the region’s pipeline of business attraction and expansion projects more than doubled during the year, indicating that more companies are considering the region as an ideal place to grow or relocate.

With nearly 400 flights arriving and departing each day, UPS is a key reason why Greater Louisville remains a national leader in distribution and logistics, an industry that has created more than 7,000 full-time jobs for Kentucky residents over the last four years and attracted more than $2 billion in new investment.

Industries of the Future

The Greater Louisville region presents unique and unparalleled value propositions to companies looking to scale, locate, diversify and expand speed-to-market. With specialized talent pools driving advanced industries, affordable real estate and industry expertise, the region is poised to be at the forefront of current and future trends in key economic sectors.

Electric Vehicle Production Supply Chain

Kentucky is the premier location in the United States to manufacture electric vehicles and parts. Competitive energy pricing, land availability with an ideal geographic location, world-class water supply, three riverports and three federal interstates, a knowledgeable workforce, and the nation’s best supply chain ecosystem add up to a winning combination that positions the region as an industry leader in EVs.

In 2021, global companies Ford Motor Company and SK On announced a historic $5.8 billion investment in the creation of BlueOval SK, which will produce EV batteries. The facility is located just 45 minutes outside of Louisville Metro in Glendale, Kentucky and is generating interest in the region among other EV technology manufacturers and suppliers.

Life Sciences Logistics

KyThe national and international medical industry has unique requirements when it comes to logistics. Life-saving medical devices, prescription drugs and other cutting-age therapies, as well as materials for clinical trials, require specialized care, handling, storage and shipping. Extra-sensitive shipments may require white-glove service, including hand carrying. For this reason, the bioscience industry requires a special kind of logistics infrastructure with UPS Worldport and the fifth-largest air cargo hub in the world at Louisville Muhammad Ali International Airport, the Louisville area is uniquely situated to scale to companies with time-sensitive, temperature sensitive and specialized medical products.

Deep Access to a Talented Labor Pool

Live in Lou is Greater Louisville’s premier talent attraction and retention initiative. Through targeted marketing and direct coordination with employers, Live in Lou offers a suite of tools to assist companies in attracting top talent. Employers can post open jobs on the largest local-only job board, access relocation guides and showcase information to new and existing candidates about what makes Greater Louisville unique.

Live in Lou’s exclusive AI tools customize talent attraction campaigns for companies, including the development of the creative elements, placing and monitoring the media, providing weekly optimizations and reporting regularly on engagement. Companies need only receive resumes, interview and hire great candidates.

See the Future in Greater Louisville

For companies looking to reduce costs, create supply chain efficiencies, expand outreach and increase customer satisfaction all at once, Greater Louisville is the place to be. To learn more about the region and what makes it a great place grow visit www.greaterlouisville.com.

 

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