Denny: GLI finishing strategic plan even as CEO on leave
LOUISVILLE, Ky. (WDRB) -- Even as it appears to be parting ways with its chief executive, Greater Louisville Inc. can still finish the landmark strategic plan it's been working on since last fall, said Chuck Denny, a member of GLI's executive committee and co-chairman of the planning effort, Advantage Louisville.
GLI CEO Craig Richard has been on indefinite personal leave since Jan. 27, and his departure from the metro chamber of commerce is expected, WDRB and Business First have reported.
Asked whether the Advantage Louisville plan can continue to develop even under the uncertain circumstances with Richard, Denny said: "Timing is never perfect, but the organization sustains…GLI is a great organization; there's always going to be leadership changes…The implementation (of the plan) will depend on all of us."
Denny, PNC Bank's regional president for Kentucky and Tennessee, filled in for Richard on Tuesday at a meeting of the Association for Corporate Growth Kentucky, a business networking organization.
During his presentation, Denny said Advantage Louisville is the most comprehensive economic development plan for Louisville since the 1996 Boyle report, which he called "the Bible" for long-time business leaders like him.
It was Richard's idea to craft a new economic development roadmap, Denny said. Richard started the job in January 2013.
Denny said GLI has raised and spent "a lot of money" – he didn't say exactly how much – on the plan, which is led by Atlanta consulting firm Market Street Services.
Two reports – a competitive assessment and target-sector analysis – have been published. The final step in the Advantage Louisville process is to come up with specific actions that will accelerate Louisville's growth.
"We haven't developed the implementation plan and that is where you get in the weeds," Denny said. "Execution is everything, or else the plan sits on the shelf."
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