Greater Louisville Inc. lists 2014 legislative goals - WDRB 41 Louisville News

Greater Louisville Inc. lists 2014 legislative goals

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Greater Louisville Inc., the metro chamber of commerce, has three legislative priorities for the 2014 Kentucky General Assembly, according to a New Year email blast from GLI CEO Craig Richard.

The priorities are:

The 2014 General Assembly begins Jan. 7 and runs through March.

Richard's email also delved into GLI's recent organizational changes and its economic development results in 2013. Here's the email in full:

 




On behalf of Greater Louisville Inc.'s Board of Directors and Staff, I want to extend our best wishes for a Happy, Healthy, and Prosperous New Year! 

As we kick off 2014, I would like to thank you for your continued support in GLI's economic and member development efforts. While 2013 was a transitional year, I am proud of the organization's achievements. With all of the recent press and changes at GLI, I understand there may be some concern and questions going into this year. I want to take this opportunity to provide you with a brief recap of 2013 results, and provide a snapshot of what's to come in 2014.

>> GLI New Leadership
Since joining GLI in January I have conducted a CEO listening tour to personally meet and gather insight from over 300 business and civic leaders across our membership and community. In addition, we have surveyed our members and area businesses on their priorities, concerns and satisfaction level - gathering feedback from over 826 companies. 

The result? A realignment of GLI staff to focus on our members' key priorities – economic development and member services.

>> Business Expansion, Attraction and Entrepreneurship
Your membership and investments in GLI support our principle mission to assist in job creation and strengthen area businesses.  GLI works in partnership with the Mayor's office, the Kentucky Cabinet of Economic Development, U of L's Nucleus and regional partners to advance area businesses and develop the entrepreneur ecosystem.   

This year the GLI team:

  • Assisted 69 companies in expanding or relocating to create 3,584 new jobs with a $47,300 average salary and over $571 million in new investment.
  • Helped 34 startup companies to secure $17.9 million in new investments. 

What does this mean for the Louisville region? The companies GLI assisted will directly or indirectly generate nearly 10,300 new jobs with an estimated $311 million in annual payroll. This yields a projected increase in retail spending of over $169 million. More jobs result in more buying across all businesses! Overall Louisville has regained all 42,000 jobs lost in the recession and created 12,400 new jobs.

>> Member Service
Through our member services initiatives the GLI team:

  • Hosted over 135 events and programs providing member companies with information and connections to help their businesses succeed.
  • Supported 64 companies investing in increasing employee educational attainment through Degrees at Work, GLI's program to support 55,000 Degrees.
  • Engaged 370 GLI members through eight public policy advisory committees to identify critical business needs and develop our 2014 Legislative Agenda. 

>> 2014 Outlook
In August we kicked off the Advantage Louisville 5-year strategic planning process – a comprehensive economic and community development plan that will complement the Mayor's Vision Louisville initiatives. This plan looks to the region's greatest opportunities for innovation and economic growth. It will focus our efforts in 2014 on the strategies and actions that will drive more high paying jobs and increase wages for our region.

Member advocacy efforts continue with the start of the 2014 state legislative session on January 7th. This year's legislative priorities support GLI's focus on job creation and business growth:

In addition, we are restructuring GLI's committees, networks, and programs to improve opportunities for individual engagement and tap into our members' expertise to help guide the initiatives that drive economic development and outstanding member services. We will continue to evaluate all of our internal processes to ensure we are good fiscal stewards of our members' investments.

In a recent newgeography.com report referencing the recent Forbes article, Louisville was listed as one of the top 20 US metros with economic momentum going into 2014. We look forward to working with you in the upcoming year to capitalize on Louisville's potential, and drive economic prosperity in our region!

Onward!



Craig Richard, CEcD
President & CEO

 

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