Louisville cited as new manufacturing boomtown - WDRB 41 Louisville News

Louisville cited as new manufacturing boomtown

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LOUISVILLE,KY. (WDRB) -- Louisville is a boomtown for rapid growth in manufacturing.  The city has moved from number 45 to number two on New Geography's list of American boomtowns.

"Not only is it good for community pride, but it also shows the whole world that it's happening here," Louisville Mayor Greg Fischer told WDRB News on Friday.

To see the full list from New Geography, click here.

Mayor Fischer was on the Fox Business Channel recently talking about Louisville's strong ranking.  He cited the city's innovation as well as corporate investments from Ford and General Electric as well as smaller businesses as being key to the city's revitalization.

Besides the renewed strength in manufacturing, the mayor said he's pushing the city's exports as another way to expand the city's growth: "If you are a company with international competitors and you're not going global, you are going to go out of business in five years."

"It is a lot easier to export your product if there is a market for it in another country than to invent a new product," says Mayor Fischer. "If you are in business and you have a global competitor and you are not an international company, you need to get moving."

Mayor Fischer, working with Lexington Mayor Jim Gray, has set a goal to grow the number of companies in the region that are exporting, by 50% during next five years. 

To read and view the Fox Business Channel story, click here.

Nearly 80 percent of the jobs lost in the city during the recession have been restored.  Ford and GE have led the way in increasing manufacturing employment.

"All of the great investment that has been made in the city by some of our great companies," says the mayor, "and the partnership between the state and the city and the labor unions is paying off with job growth."

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