Mayor Abramson says retailers are missing out in over $1billion in potential sales in Louisville - WDRB 41 Louisville News

Mayor Abramson says retailers are missing out in over $1billion in potential sales in Louisville

A private sector measure of the economy's health showed the largest drop in a year.  And while new jobless claims fell for the second straight week, they remain near the highest levels since 2002.

The Dow is up 12.78 points to close at 11,430.

The Nasdaq closed down 8.70 points at 2,380.

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Louisville Mayor Jerry Abramson wants retailers to know Louisville is open for business and there's money to be made in the city.

The mayor says retailers are missing out in more than a billion dollars in potential sales in several Louisville neighborhoods.

A study found there are nearly 45,000 more people in neighborhoods in west Louisville, south Louisville, downtown, and Newburg than reported in U.S. census figures.

The mayor says, "It gives us the realization that there is $1.1 billion in economic spending power in these neighborhoods -- that for whatever reason we can't seem to get the kind of investment that we want for the residents who live and work in those areas."

The city will share the data with local and national retailers to try to attract them to the city.

The city has been trying for years to get Target or Wal-mart to open in the West End.

Most recently the city tried to convince Kohl's to open in the Shively center on Dixie Highway.

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A company that makes batteries for electric and hybrid vehicles plans to locate its research and production facilities in central Indiana.

Enerdel will create more than 850 new jobs in Indiana through 2012.

The location has not been determined yet.  The company currently operations a facility on the northeast side of Indianapolis.

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American Airlines is offering its passengers an opportunity to stay connected it's the first to offer full Internet access during flights.

Tim Smith of American Airlines explains that broadband access is at the top of the wish list for passengers, especially business travelers.

Many passengers say they would use the capability for both business and personal use, although some passengers say they would miss the loss of downtime away from the computer.

And not everyone is excited about the cost -- $13 on flights over three hours, $10 for shorter flights.  Some passengers say they don't see in-flight broadband catching on if the airline charges for it.

American expects it will take about 60-90 days to see if the system will work.  But Internet phone calls will not be allowed.

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