Over the past two decades since Philip Morris closed its cigarette plant and donated the property to the city, the lot has been considered for a number of projects.
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Jefferson County Public Schools (JCPS) and Molina, the healthcare company that owns the site, are expected to make an announcement Friday.
The fair will be held Thursday, Dec. 15, from 9 a.m. to 1 p.m.
A health care company is hosting a virtual job fair on Nov. 29.
Work on the headquarters project halted in 2019 as the company tried to stay afloat during Medicaid payment cuts.
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The move is a rebuke to the Bevin administration during its final hours in power.
Friday, Passport said it has had to make "severe" cuts in order to stay afloat.
Passport, a nonprofit that provides Medicaid health coverage to low-income residents in the Louisville region, is building a four-story office building for its headquarters and connected parking garage on the site.
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Fischer, a Democrat heading into his third term, championed progress made in 2018 on significant projects such as the Omni Hotel, Louisville City FC's upcoming stadium in and development in west Louisville.