Louisville Forward, GLI Receive National Award for Economic Development Work from Site Selection Magazine
Louisville Mayor Greg Fischer today joined the teams of Louisville Forward and Greater Louisville Inc. (GLI) for a celebration announcing that the organizations have again been jointly recognized as one of the top economic development organizations in the United States for 2021 by Site Selection Magazine, the leading economic development publication in the United States
This is the eighth consecutive year that Louisville Forward, the city’s economic and community development arm, has received the Mac Conway Award and the sixth consecutive year that Louisville Forward and GLI, the chamber of commerce and regional economic development organization , share the price. .
“Congratulations to Louisville Forward and GLI for this incredible recognition of your work! When I was first elected mayor, my goal was to leave the city better than I found it. During my senior year in As mayor, I can say with confidence that the people of Louisville have more equitable access to jobs and opportunities and that our city is experiencing tremendous economic growth,” said the mayor. “My hope for the future of our city is to see the strategies implemented during my administration to attract high-quality jobs and develop our tech talent continue to create even more opportunities for Louisville residents in every hallway of the city.”
During Mayor Fischer’s three terms, Louisville’s economy added 3,500 new businesses and more than 80,000 jobs, including nearly 3,500 new technology jobs. Through Louisville Metro’s economic development work, our city has competed and won business attraction and expansion projects totaling more than $9 billion in investment since 2011.
“We are thrilled that Site Selection magazine has once again recognized GLI’s collaboration with our 15 regional partners to develop the entire Greater Louisville area,” said Sarah Davasher-Wisdom, President and CEO of GLI. . “This award is testament to the value that a regional approach to economic development brings to our economy. Last year, GLI worked with regional partners to bring over $7 billion in new investment to the region and create over 9,000 new jobs, and I’m confident this trend will continue in the months to come.
Site Selection’s Mac Conway Awards for Excellence in Economic Development honor the best local and regional economic development agencies in the United States. Scores are assigned on the basis of six criteria: total projects, total investments associated with these projects and jobs associated with these projects. The remaining three criteria represent a per capita calculation of these same parameters.
In 2021, the Louisville Forward economic development team competed and won business attraction and expansion projects with commitments to create nearly 4,000 new jobs and invest more than $946 million in the city of Louisville.
During the celebration, Mayor Fischer also highlighted Louisville Forward’s work with small businesses. In 2021, the small business team worked with 527 businesses, more than half of which were women and minority-owned, and administered nearly $3.2 million in low-interest loans to small businesses. companies under its METCO program.
“For a city to be great, you have to have businesses big and small,” the mayor said. “Louisville Metro has supported thousands of entrepreneurs and small business owners over the decades. I want to thank the Louisville Forward Small Business and METCO teams for their dedication and hard work.
About the Louisville striker
Louisville Forward is an integrated approach to economic and community development, combining business attraction, expansion and retention, and talent and labor attraction activities, with all real estate development functions , land use, and city planning and design to present a unified solution for employment. the growth and quality of the place. Since its inception in 2014, Louisville Forward’s economic development team has competed for and won projects representing $8.5 billion in investment and 34,753 new jobs and issued more than $26 million in low-interest loans of interest to hundreds of small businesses. Visit http://louisvilleky.gov/louisvilleforward for more information. Find us on LinkedIn and Instagram by searching Louisville Forward and on Twitter using @LouForward.
About Greater Louisville Inc.
Greater Louisville Inc. (GLI) – the Metro Chamber of Commerce focuses on growing the regional economy. As the region’s largest convener of business leadership, GLI leads economic and global outreach strategies focused on business attraction, nurtures the entrepreneurial ecosystem, and champions the development of the community’s talent base. . Additional strategic efforts focus on diversity and racial equity to help build a more inclusive economy. As the voice of the Greater Louisville business community, GLI advocates for a business-friendly environment and facilitates business engagement on issues that impact regional competitiveness. GLI is the 2019 National Chamber of the Year and is one of only three percent of chambers nationally certified with 5-star accreditation status by the United States Chamber of Commerce, based on GLI’s dedicated political efforts, effective operations, beneficial programs and overall positive impact on the community. . Learn about our investor benefits and connect with us on Facebook, Twitter and LinkedIn using @GLIchamber or visit www.GreaterLouisville.com.