Kentucky Economic Development Guide 2011

8/7/2019 Kentucky Economic Development Guide 2011

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BreedingInnovation

Equine industry spursresearch breakthroughs

Written in INKState incentives

create jobs

Victory LaneSpeedway revs up for inaugural NASCAR race

A Kentucky companyhas a lot of big fans.

See the video

What’sOnline

kyedg.comkentucky economic development guide

PSN B KNK ABIN O ONOI VLOPN | 2011



Carroll County – Kentucky

Centrally Located in the Golden Triangle of Louisville, Lexington and Cincinnati

Come join our diversified industrial base.

Harold “Shorty” Tomlinson, Carroll County Judge-Executive

(502) 732-7000 • [email protected]

www.carrollcountyky.com • www.carrollcountygov.us{ }Contact Information:

Why Here? High Quality of Life with Small-Town Charm Available land and existing buildings

Willing workforce with strong work ethic

Electric rates among the lowest in the nation

Ohio River alluvial aquifer is abundant water

source for a dozen industries

Natural gas service owned by Carrollton Utilities

Served by CSX Railroad

On I-71, exit 44

Prime location at confluence of Kentucky andOhio Rivers

Proactive local government

Excellent schools, including Jefferson Community andTechnical College, Carrollton Campus

Quality hospital with award-winning occupational

medicine department

Home of General Butler State Resort Park andthe Kentucky Veterans Memorial

45 minutes from Louisville International Airportand Cincinnati/Northern Kentucky International Airport

Less than 15 miles from Kentucky Speedway

http://www.carrollcountyky.com/

http://www.carrollcountygov.us/

http://www.carrollcountygov.us/

http://www.carrollcountyky.com/



http://www.southcentralky.com/



http://invest.owensboro.com/



http://invest.owensboro.com/





K N K O N O I V L O P N . O 5

Workstyle

Bluegrass Built 26Knck anacrrs r

nnan an rw

ommand entral 32Knck s an arss cc

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Built on Partnership 38Pblc-pra cllabran s

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Vintage Kentucky 50Sa clas a rpan

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Victory Lane Knck Spwa rs p

r naral NASCAR Sprn Cp rac

Table of Contents Continued on page 7

38

56

5026

ON OV Gov. Steve Beshear at Kentucky Speedway, which hostsNASA’s Quaker State 400 in July 2011 Photo by todd bennett

kentucky economic development guide



http://www.twitter.com/northwestky

http://www.northwestky.com/




Insight

Overview 15

Almanac

Business limate 20

Photo ssay 64

nergy/echnology 70

ransportation

ealth & Biotechnology 82

ducation 88

Livability 94

conomic Prole 101

hrough the Lens 103

82 88

94

76

All or part of this magazine is

printed on recycled paper containing

10% post-consumer waste. Please recycle this magazine



Cabinet for Economic Development

Gateway ReGional Business PaRk

Discover Unlimited Possibilities!

Location:

• Reach60%ofU.S.Population

inOneDay’sDrive

• AdjacenttoU.S.23,

Four-LaneHighway

Support:• AggressiveStateIncentives

• SupportiveLocalIncentives

Features:

• CompetitivePowerRates

• EfficientNaturalGas

• EconomicalLandCost

Benefits:

• ReducedOperatingCost

• ExcellentProfitPotential

• ACommitted,Dependable, TrainableWorkforce

Visit our page: Gateway Business Park

Contact:JoeDePriest • P.O.Box186•Jenkins,KY41537(606)438-1265•E-mail:[email protected]

Website:www.appalachianindustrialauthority.com

http://www.appalachianindustrialauthority.com/

http://www.appalachianindustrialauthority.com/




2011 Edition, volumE 3

audiEncE dEvElopmEnt dirEctor LiSA BAttLeS

proofrEading managEr RAveN Petty

contEnt coordinator JeSSiCA WALKeR

Staff WritEr KeviN LitWiN

copy Editor JiLL WyAtt

contributing WritErSPAmeLA CoyLe, KAtie KuehNeR-eBeRt,BiLL LeWiS, megAN PACeLLA, BetSy WiLLiAmS

mEdia tEchnology dirEctor ChRiStiNA CARdeN

SEnior graphic dESignErS LAuRA gALLAgheR,

JeSSiCA mANNeR, JANiNe mARyLANd, KRiS SextoN, viKKi WiLLiAmS

graphic dESignEr RAChAeL geRRiNgeR

mEdia tEchnology analyStS ChANdRA BRAdShAW,

LANCe CoNzett, miCheLe NiCCoRe, mARCuS SNydeR

photography dirEctor JeffRey S. otto

SEnior photographErS Jeff AdKiNS, BRiAN mcCoRd

Staff photographErS todd BeNNett, ANtoNy BoShieR

WEb contEnt managEr JohN hood

WEb projEct managEr Noy foNgNALy

WEb dESign dirEctor fRANCo SCARAmuzzA

WEb dESignEr ii RiChARd SteveNS

WEb dEvElopEr i yAmeL hALL

ad production managEr KAtie middeNdoRf

ad traffic aSSiStantS KRyStiN LemmoN, PAtRiCiA moiSAN

i.t. dirEctor yANCey BoNd

i.t. Support tEchnician BRyAN foRieSt

SEnior accountant LiSA oWeNS

accountS payablE coordinator mARiA mcfARLANd

accountS rEcEivablE coordinator diANA guzmAN

officE managEr/accountS rEcEivablE

coordinator SheLLy miLLeR

SEnior intEgratEd mEdia managEr CLAy PeRRy

SalES Support managErCiNdy hALL

color imaging tEchnician ALiSoN huNteR

chairman gReg thuRmAN

prESidEnt/publiShEr BoB SChWARtzmAN

ExEcutivE vicE prESidEnt RAy LANgeN

SEnior v.p./SalES todd PotteR, CARLA thuRmAN

SEnior v.p./opErationS CASey heSteR

SEnior v.p./cliEnt dEvElopmEnt Jeff heefNeR

SEnior v.p./buSinESS dEvElopmEnt SCott temPLetoN

v.p./ExtErnal communicationSteRee CARutheRS

v.p./cuStom publiShing Kim hoLmBeRg

v.p./viSual contEnt mARK foReSteR

v.p./contEnt opErationSNAtAShA LoReNS v.p./SalES ChARLeS fitzgiBBoN,

heRB hARPeR, JAReK SWeKoSKy

controllEr ChRiS dudLey

contEnt dirEctor/travEl publicationS

SuSAN ChAPPeLL

contEnt dirEctor/buSinESS publicationS

BiLL mcmeeKiN

markEting crEativE dirEctor Keith hARRiS

diStribution dirEctor gARy Smith

ExEcutivE SEcrEtary KRiSty duNCAN

human rESourcES managEr Peggy BLAKe

rEcEptioniSt LiNdA BiShoP

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ol Capl Ann, 300 W. Brawa, frankr, Ky 40601

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©Cpr 2011 Jrnal Cncans inc.,

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http://ukgoldstream.com/



http://www.northernkentuckyusa.com/




•Attractiveincentivesfor

businessandindustry

•Industrialparkandspec

buildingavailable

•Historiccharm

•Easyaccess

•CentrallocationinUS

•Award-winningcommunity

•Charmingandrelaxing

atmosphere–even

Mr.andMrs.Cvisit

Greensburg/Green CountyIndustrial Foundation

110W.CourtSt.Greensburg,KY42743

(270)932-4298

[email protected]

www.GreensburgOnline.com

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KNKONOIVLOPN.O

BreedingInnovation

Equine industry spurs

research breakthroughs

Written in INKState incentives

create jobs

Victory LaneSpeedway revs up for inaugural NASCAR race

AKentuckycompanyhas alotof bigfans.

See the video

What’sOnline

kyedg.com


PSN B KNK ABIN O ONOI VLOPN | 2011

http://www.greensburgonline.com/





Pine Ridge Regional industRial

authoRity and Business PaRk

Wh h Pt, Preet and Ftre

com ogh and volunism is a way of lif …

Wolf • L • Powll • Owsly • Bahi Counis

✔ Where tradition and technology go hand-in-hand. Goodoads and modern utilities allow area residents to enjoy theharm of small-town life and the convenience of the modern

world.

✔ No other part of the state can match this area’s scenery.Natural Bridge State Park – Red River Gorge. Hundreds of

atural arches, five rivers, countless smaller streams and smallakes. The Shawnee once called the region “the playgroundf the gods.”

✔ The region offers good schools, highly rated academicsnd sports programs, five golf courses, libraries and

museums, churches, Hazard Community College/LeesCollege Campus, Kentucky Area Technology Center – LeeCounty Campus. Community parks and playgrounds, rockclimbing, large populations of deer and turkey, and some ofthe best fishing and hunting in the country.

✔ Each of the five counties offer smaller industrial parkssuitable for satellite businesses. Each county offersoutstanding annual festivals including the Woolly WormFestival – one of Kentucky’s top 10 tourism events.

Bob Smith • (606) 464-2888 • [email protected]

Steve Hale • (606) 663-2283 • [email protected]

• 128-acre Industrial Park – locatedat the Quillen Chapel Interchangeof the Bert T. Combs Mountain

Parkway, near Campton• Low utility rates

• Largest oil and gas fields eastof the Mississippi River

• Hard working, dedicated workforcefrom five counties

• Eastern/central sectionof Kentucky

• One hour from Lexington Airport

• Minutes away from Wendell FordRegional Airport andStanton Airport

• Outstanding fire departmentsand civic groups

• Home to the Daniel BooneNational Forest

• More species of wildflowersthan anywhere else in the world

“The Gateway to the Mountains”




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Overview

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Almanac

A G O A SOAIONOne of five theaters operated between the mid-1800s and the 1970s

in what is now historic downtown Frankfort, the Grand Theatre is the

only one with its original configuration still intact.

Built in 1911 as a 135-seat vaudeville house, the Grand added motion-

picture entertainment with silent movies and then talkies before it wasconverted in 1941 into a 680-seat movie theater. After it was no longer

used as a theater, it served several commercial purposes from 1966

until 2005, when efforts began in earnest to raise money to restore it.

The Franklin County Fiscal Court in 2007 approved a 2 percent hotel

room tax to support the restoration, which culminated in the Grand

opening in 2009 as a $5 million state-of-the-art performance and visual

arts center. The 428-seat Grand hosts a range of performances, from

ballet to symphony music to operas, as well as films, popular music acts

and touring company performances, and it also houses gallery space.

For more, go to www.grandtheatrefrankfort.org .

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16 K N K O N O I V L O P N G I



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Southeast Kentucky Business Park

54,195-square-foot speculative building, expandable to 80,000 square feet

3.3 miles from Interstate 75

Within 600 miles of 54% of the total population of the United States;51% of all retail sales; 60% of all manufacturing employment

Two major airports nearby in Lexington and Knoxville; two regional airports

428 acres available for development

12% lower cost for industrial electrical power thanany state east of the Mississippi River

Within 100 miles of 20 technical schools and 11 colleges/universities

Daniel Boone National Forest/Cumberland Falls State Park nearby

Contact Bruce CarpenterCorbin Economic Development Agency

(606) 528-6390 • [email protected]

http://www.sekbp.com/

http://www.sekbp.com/




Almanac

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20 K N K



Business Climate

SuccessWritten in INKrevamped incentive pam pa dividendin deivein invetment and j t kentc

Sr b Bill Lewis

Prap b Antony Boshier

Kentucky’s economicdevelopment successes arewritten in INK, thanks to the

surge in business investments and jobcreation that are being encouragedby the state’s Incentives for a NewKentucky programs.

The INK programs, signed intolaw in 2009 by Gov. Steve Beshear,modernize and streamline theCommonwealth’s business incentivesand offer several new and revisedprograms to provide tax incentivesto businesses locating, expanding orreinvesting in the state. The legislationincludes programs that, for the firsttime, allow the Bluegrass State to offertax credits for f ilm production, as wellas to small businesses hiring just onenew employee while making a $5,000investment.

Ax INNIVS, ISThe state’s return on investments

has been tremendous, says LarryHayes, secretary of the KentuckyCabinet for Economic Development,the state’s lead economic developmentorganization. At latest count, morethan 280 businesses had receivedpreliminary approval through one ormore INK programs. Those businessesare implementing or consideringprojects representing a potentialinvestment of more than $2.9 billionacross Kentucky. Those projects couldcreate 17,600 jobs and help retainanother 5,100 existing jobs.

“Our 2010 end-of-the-year jobnumbers nearly doubled that of theprevious year, while our investmentnumbers more than doubled. Thisgrowth can largely be attributed to

the success of our INK programsaimed at not only attracting newbusiness to the state, but at retainingand expanding of our existingindustries. In fact, almost 85 percentof the announcements in 2010stemmed from existing Kentuckyindustries that either expanded ormade investments to retool Kentuckyoperations,” Hayes says.

INK incentives are encouraging avariety of businesses, from Tennessee-based retailer Tractor Supply Co. toauto industry supplier Martinrea, toinvest millions of dollars and create jobs in Kentucky.

SPPOING BSINSS GOWTractor Supply is investing more

than $53.1 million for a new840,000-square-foot regional

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distribution facility in Franklin. Thenew operation will create 216 new jobs

within three years of operation toexpand its Kentucky facilities.

Martinrea Heavy Stampings isinvesting $12 million to expand itsShelbyville operation to provide metalstampings and assemblies forproduction of the next generationof the Ford Escape in Louisville.Martinrea’s expansion wi ll create150 jobs.

Martinrea Hopkinsville, whichmanufactures technologicallyadvanced automotive components

and assemblies for the global autoindustry, is investing $13.7 millionto expand its facility. The investmentenables the company to strengthen itsclient base, increase efficiencies and tomaintain its current 438 employees, S

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All Abot InK AN OVVIW O INNIVS O A NW KNK POGAS

General Manager Kurt Spencer says.“With the support from the state of

Kentucky and local representatives,Martinrea made the decision toexpand the Hopkinsville operation.With the current stress on automakersand their supply base, we are fortunatein this market to be able to expand ourbusiness and better secure the futurefor our employees,” he says.

Automotive supplier AmericanHowa Kentucky Inc. is expandi ng itsBowling Green operation, creating86 jobs. The nearly $11.5 millioninvestment wi ll add 56,000 square

feet to the company’s existing138,000-square-foot facility. TheKentucky Economic DevelopmentFinance Authority (KEDFA) gaveapproval for ta x incentive benefits toAmerican Howa Kentucky up to

$900,000 through t he KentuckyBusiness Investment program.

Another automotive supplier, CurtisMaruyasu America, is retooling itsfacility in Lebanon, investing nearly$11 million and preserving morethan 416 jobs. KEDFA approved taxbenefits up to $1 million under theKentucky Reinvestment Act.

Also with INK’s encouragement,Polyair selected its Bardstownoperation for a $5.6 millioninvestment that allows the companyto consolidate operations from outof state and create 27 new jobs in

Kentucky. The plant manufacturespolyethylene foam protectivepackaging products.

“The INK program made for asmooth process,” Plant ManagerRick Potter says.




Glasgow-Barren County

A Great IDEA!www.glasgowbarrenidea.com

Glasgow-Barren County Industrial Development Economic AuthorityDan Iacconi, Director • (270) 651-6314 or (800) [email protected] • www.glasgowbarrenidea.com

Smart for Living, Better for Business

• One-day drive within 60% of nation’s population

• Excellent post-secondary education

• Thriving medical community

• Progressive Farmer’s magazine “Best Place to Live”in rural America

• 300 acres of land available, 50-acre pad-ready sites

• Robust infrastructure

• New spec building – 80,000 square feeton 16-acre lot. Expandable to 120,000 square feet.

• CSX railway access

• Diverse industry base

Moore Field

TJ SamsonCommunity Hospital

http://www.glasgowbarrenidea.com/

http://www.glasgowbarrenidea.com/




Rock Solid BuSineSS oppoRtunitieS ...

Home to two of the world’s natural rock wonders, Natural Bridge and the Red River Gorge,Powell County, Kentucky is also home to rock solid industrial and business development opportunities.

AvAilABle lAnd: Clay City Business Park andStanton Industrial Parks

AcceSS: Powell County, Kentucky is located approximately40 miles east of Lexington via I-64 and the MountainParkway. Located immediately off the four-lane MountainParkway, Powell County blends small-town charm with easyaccess to larger cities. Transportation is further enhancedwith a local UPS hub and airport.

FinAnciAl incentiveS And WoRkFoRce: Kentucky’s best financial incentive programs alongwith Powell County’s qualified workforce and strong ruralwork ethic provide a rock solid basis for business success.

contAct: Powell County Economic DevelopmentP.O. Box 10 • Stanton, KY 40380 • (606) 663-2156

[email protected] • www.kyrockies.com

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www.kentuckyunitedonline.com.

– Bill Lewis

http://www.kyrockies.com/

http://www.kyrockies.com/



Bluegrass Builtkentc manacte e innvatin and t

Sr b Bill Lewis

26 K N K



If parts of your car, the screen onyour smart phone or the bottle of premium bourbon in your cabinet

each had the same label, it wouldprobably say, “Made in Kentucky.”

Manufacturers in the BluegrassState are thriving. Success storiesinclude Ford Motor Co., which isspending $600 mil lion to transformits Louisville Assembly Plant into thecompany’s most-flexible high-volumefactory in the world, to Corning Inc.,

which is putting $186 million towardincreasing production of its GorillaGlass used in electronic devices inHarrodsburg, and Heaven Hill

Distilleries, which invested $5 mill ionin its Bardstown expansion.

ZF Steering Systems is growing inFlorence, investing $95.8 million overthe next three years and creating 374new jobs. The project was aided byapproval of up to $7.5 million inincentives by the Kentucky EconomicDevelopment Finance Authority(KEDFA) through the KentuckyBusiness Investment program (KBI).In Ghent, North American Stainless

plans to invest $10 million for increasedpeeled bar production plus $20 millionfor additional equipment upgrades,the ninth expansion the company has

made in Kentucky since 1990.Global aerospace and defense

company Lockheed Mart in madea major commitment to the state inMarch 2011, announcing a $26 millioninvestment at its Bluegrass Stationoperations in Fayette County thatwill add 224 jobs to the more than1,800-person workforce the companyand its partner companies employ inthe state. The global security companywas awarded a major contract for

logistics support services, andKentucky was one of several statesbeing considered for the project.KEDFA approved Lockheed Martin for

North American Stainless in G hent




todd BeNNett

ANtoNy BoShieR




tax incentives up to $15 million through KBI.

The investments manufacturers makeand the jobs they create strengthen theCommonwealth’s economy, says LynnWitten Godsey, president of the KentuckyManufacturing Assistance Center (KMAC).

“Manufacturing has been an importanteconomic engine for Kentucky, providingthousands of high-paying jobs and millionsin tax revenue. It’s critical for us as Kentuckiansto keep our manufacturing industry successful.KMAC is committed to just that – makeKentucky manufacturers competitive,

nationally and internationally,” Godsey says.ANAING ONIN

Nearly one out of every seven jobsin Kentucky, or about 14 percent of non-agricultural work, is in manufacturing,which employs 255,700 workers and isthe state’s third-largest creator of jobs,figures compiled by KMAC show.

Those numbers are growing. As theirconfidence in the economy increases,manufacturers are creating more jobs.Fifty-seven percent of manufacturers surveyed

by the Kentucky Association of Manufacturersplanned to hire in 2011. That representsa 16 percent increase from the prior year.

Ford, for example, is creating 1,800 new jobs at its Louisville Assembly Plant, where itwill operate on two shif ts with approximately2,900 employees who will build t he nextgeneration of the popular Escape. Kentuckyand Louisville approved tax incentives thatenabled Ford to transform the plant.

“Working closely with the UAW andKentucky officials, we have found a way tocompetitively deliver an important new vehicle

that is good for our customers and supportsour plan to deliver a well-balanced productportfolio of cars, trucks and utilities,” saysMark Fields, Ford’s president of The Americas.

GOILLA GLASS O KNKThe state’s commitment of financial

incentives and worker training encouragedCorning to expand in Harrodsburgfor production of Gorilla Glass, saysCorning spokesperson Anna Giambrone.

The Harrodsburg plant, which opened

in 1952, is increasing production capacity

to accommodate the demand for its thin,durable, highly scratch resistant cover glassused in portable and ha ndheld electronicdevices. Corning will also add researchcapability to explore the parameters andprocesses in manufacturing microsheet,an extremely thin, f lexible glass to beused in next-generation electronic devices.

“The incentives helped in our final decision,but the flexibility of Kentucky workers toaccept retraining and the quality of t heworkforce were major influences on our

decision,” Giambrone says.Also in Harrodsburg, Hitachi is i nvesting$68 million in its auto components plant andis adding 145 jobs.

State incentives are encouraging othermanufacturers to invest and create jobs.A sampling includes:• Denso Air Systems, a global automotive parts

manufacturer, is locating a new operation inHopkinsville. The company plans to spendmore than $4.2 million and wi ll create 80new jobs, growing to 105 over several years.

• Walle Corp., a label supplier to the consumer

packaged goods industry, is expanding inWinchester. It will invest more than $4.1million to increase printing production,which will result in 23 new jobs at the plant.

• NHK of America Suspension Components isinvesting more than $20 mill ion to constructa 50,000-square-foot plant at its currentlocation in Bowling Green. The auto supplierwill add up to 108 new jobs over several yearsto its existing workforce of more than 200.

• Ventra Plastics Russellville is expanding itsLogan County facility. The injection molding

manufacturer will add 25 employees to itscurrent base of 230 people and invest nearly$3.4 million.

“Any time a company decides to invest inexpansion, it’s a real win for all manufacturersin Kentucky,” KMAC’s Godsey says. “Whencompanies like Ford and Dow Corning expand,they send a signal to others that they are confidentabout the future. Their expansions also meanmore business for their suppliers in the state.We’re hopeful this will lead to more companiesexpanding and creating jobs in Kentucky.”

the resltsAre In The Kentucky Manufacturing Assistance Center is aprivate, not-for-profitcorporation dedicatedto working with Kentucky manufacturers toaccelerate their transformation intoefficient, innovativemarket leaders thatcreate economic growthand prosperity throughoutKentucky. KMAC’s clients

report the following results in 2010:• $16 in cost savings

for every $1 investedin KMAC services

• Increased sales by $16 million

• Retained existing salesof $30.5 million

• Invested $14.9 millionin plants, equipmentand people

• Created 91 new jobsand retained 155

existing jobs

lockwise from top: An pl wrks a prss a Wall Crp.’s plan n Wncsr; Nr ArcanSanlss n Carrll Cn; t nw fr escap wll b anacr n Lsll.





One Hourfrom Nashville

International Airport

Home of 2,100-Acre

TVA-certifiedMegasite

Home of 101st Airborne Division

– Fort Campbell, KY

Hopkinsville –Christian County Economic

Development Council

2800 Fort Campbell Blvd.Hopkinsville, KY 42240

270.885.1499

www.hopkinsvilleindustry.com

http://www.hopkinsvilleindustry.com/

http://www.hopkinsvilleindustry.com/

http://www.louisvillewater.com/




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barbc ps. – Bill Lewis

http://www.locateinlexington.com/



32 K N K




ommandentralkentc i an adde cice cpate eadqate

Kentucky is home to an impressive crosssection of corporate headquarters,including internationally known names

such as YUM! Brands (KFC and Pizza Hut),Lexmark, Humana, Brown-Foreman, GE

Appliances & Lighting, Alltech and Toyota MotorEngineering and Manufacturing North America.

While some have grown up in Kentucky,others have been lured to the Bluegrass Stateby its advantageous business and power costs,array of meaningfu l incentive programs,highly sk illed a nd educated workforce,significant logistical a nd geographicadvantages, and superior quality of life.

The momentum continues with a string of recent headquarters announcements, creatingthousands of professional jobs and millions of dollars in investments.

SIGNA ALA INS A OOne such company is Signature

HealthCARE LLC, a long-term care providerthat relocated its headquarters to Louisvillefrom Florida in 2010, investing more than

$6.5 million a nd creating more than 120new jobs in the Commonwealth, jobs thatcarry a n average annual wage exceeding$75,000, plus benefits.

The company’s new 65,630-square-footfacility wil l serve as its national headquarters,including corporate management, and facilityoperational support functions.

“One key component to this decision wasthe burgeoning economic cluster surroundingaging care,” says Ben Adkins, communicationmanager for the company. “Six of the top 10senior-care companies in the United States are

Sr b Betsy Williams


globAl plAyerSeventeen of theFortune 25 largestU.S. corporations maintainmanufacturing or major supportive service facilitiesin the Bluegrass State,including Walmart Stores,Chevron, General Electric,Bank of America,

AT&T, Ford Motor, JP Morgan Chase,Hewlett-Packard,Berkshire Hathaway,Citigroup, GeneralMotors and AmericanInternational Group.

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hana (73); yum! Brans (216); Aslan (280); oncar

(347); gnral Cabl (469); an Knr halcar (477).

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located here, making Louisville alikely location to develop innovativeapproaches to aging care in thecoming years.”

A cost-effective headquarterswas one of the primary goals in thecompany’s relocation search, andKentucky offered the best option,Adkins says. “An aggressive incentiveprogram and competitive taxstructure, among other factors, makeKentucky a great place to do business.And the low cost of living is an addedvalue for employees,” he says.

The University of Louisvillealso played a key role in SignatureHealthCARE’s decision, as Nucleus,

the university’s Life Science &Innovation Center, is in the processof developing a downtown life sciencespark. “Their plans to incubate andaccelerate innovations in the life

sciences sector dovetailed perfectlywith our ideas about doing the samein aging care,” Adkins says, notingthat the university offers a wealth

of expertise in its Depart ment of Geriatric Medicine, one of only13 such departments in the nation.

Other companies are followingSignature HealthCARE’s lead. DharmaConstruction Services has relocatedits headquarters from California toLouisville, creating 41 professional jobs and signaling a more than$2.3 million investment in the state.GBC Metals LLC, doing business asOlin Brass, is also bringing its newheadquarters to Louisvil le. The

move will create up to 39 new jobsover the next several years. TheKentucky Economic DevelopmentFinance Authority approved OlinBrass for tax incentive benefits up

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to $1.8 million through its KentuckyBusiness Investment program.

LOIA ILIn a move that created 51 jobs and

more than $3.7 million in investments,Florida Tile relocated its headquartersto Lexington, gaining a n advantageby being closer to its existingmanufacturing and distribution

operations in Lawrenceburg.The porcelain and ceramic walltile manufacturer was approved

for up to $1.275 million in tax incentives,which can be earned over a 10-yearperiod through corporate income taxcredits and wage assessments.

I O LOOFruit of the Loom, a Kentucky

mainstay for more than 70 years, hasexpanded its world headquarters inBowling Green, creating 600 new jobs

and $47 million in investments whenit consolidated its management groupsfor several brands.

Ten of the Fortune 25 largest

global corporations maintain

manufacturing or supportive

service facilities in the

Bluegrass State, including:

• Walmart Stores (1) –

Two distribution centers

• BP (4) – Arco Aluminum

and Logan Aluminum

• Toyota (5) – Manufacturing,

logistic services, parts center

• Chevron (11) –

Lubricants manufacturing

• General Electric (13) –

Aviation, aircraft engines,

call center, appliance, glass

and lamp manufacturing

• Total (14) – Arkema Inc.

and Bostik Inc.

• Bank of America (15) –

Regional headquarters,

support services

• AT&T (21) – Call center,

regional headquarters,

Cingular Wireless LLC

• Ford Motor (23) –

Assembly and truck plants

• JP Morgan Chase & Co. (25) –

Two facilities in Louisville

lIvIng lArge In KentcKy




“The decision to locate andconsolidate the management groupof the two major companies we’veacquired was made on the judgmentthat Bowling Green is really a goodplace to do business,” says JohnHolland, chairman of the board forFruit of the Loom. “The people we’verecruited and transferred here havebeen very complimentary of how

they’ve been welcomed into thecommunity, and of the availabilityof different recreational and cultural

activities and educationalopportunities. What that tellsus is everything an i ndustry needsto find when they are considering anew location is available right here.”

Allc’s aqarrs n Lnn. tanal al an nrn lar asannal rn appracn $500 lln.

http://www.growgrayson.com/



38 K N K




Built on

Partnershipic-pivate caatin ivedntn livie a maj maeve

Louisville’s skyline is getting anextreme makeover, thanks tocollaboration between local and

state governments and the private sector.The newest jewels include the KFC

Yum! Center, a 22,000-seat sports andmultipurpose arena t hat opened inOctober 2010, and a life sciencesresearch park under constructionadjacent to the University of Louisville Health Sciences Center.

K ! NThe KFC Yum! Center was part of a

$379 million project that also includeda 750-car parking structure and flood

wall, says Jim Host, chairman of theLouisville Arena Authority, a keyplayer in the project’s development.

“As a result, there are six newrestaurants around the arena thathave either been built or are inconstruction, providing a hugenumber of jobs,” Host says.

More commercial as well asresidential projects surroundingthe center are on the drawing board,for a total of $475 million in newdevelopment.

Development of the center wasfunded through a variety of i nnovative

methods that underscored a high levelof collaboration between public sectorand private sector entities. The

Louisville Arena Authority, a 501(c3)nonprofit, received a $75 million grantfrom the state to help fund the project.A second revenue stream was createdthrough tax increment financing, inwhich the city pledged a portion of new tax revenues generated by thedevelopment to cover the debt issuedto construct the project.

Moreover, a number of privatesector firms contributed to thefinancing, including Yum Brands,

Sr b Katie Kuehner-Hebert


Lsll’s nw KfC y! Cnr s a $238 lln, 22,000-sa sprs an lprps arna.




in return for naming rights andother corporate sponsorships. The

University of Louisville has signed onto be a main tenant of the arena, andis expected to generate 62 percent of the annual revenue for the center.As a result of the fi nancing package,Moody’s and Standard & Poor’s ratedthe projects bond as investment grade.

“The arena is a perfect example of

public-private partnerships,” saysAlan Delisle, executive director of the

Louisville Downtown DevelopmentCorp. “There were a number of different financing techniques thattook place, and many organizationscame together to make it work.”

In addition, the LouisvilleDowntown Development Corp.worked with the city of Louisville

to improve the streetscapes and makeother infrastructure improvements

surrounding the center. Stimulusdollars from the federal governmenthelped pay for refurbishing abridge underpass.

NLS O SANucleus, the economic development

arm of t he University of Louisville

Below: t lbb KfC y! Cnr op right: Prcssn dNA n Pgl Labrars a Ncls n Lsll






Foundation, is the driving forcebehind the life sciences researchpark, a campus of labs and offices for

startup companies armed with patentsfrom the University of Louisville, saysVickie Yates Brown, president andchief executive officer of Nucleus.

The vision for Nucleus and thecommunity, Brown says, takes itslead from Dr. James Ramsey, thecurrent president of the University of Louisville, who sees the developmentleveraging the assets and resources of the university and creating value foradditional investment.

Construction of the research parkis being financed in part by taxincrement f inancing.

Also on the drawing board isMuseum Plaza, a $465 million, mixed-use development that will include a62-story tower and another Universityof Louisville research park forengineering and applied sciencesresearch technology.

“We’ll have an urban research parkright next to our medical corridor,right next to our sports district and

not far from our waterfront park,”Delisle says. “We’re also creatingan arts district a nd sustainableneighborhoods. We’re doing whatwe can in the public realm to makea downtown that businesses andresidents will feel really goodabout moving in there.”

Rnrn ms Plaa, a -slpn bn plann r Lsll

Wa’ o ior more about the economic

development in Kentucky, visitkentuckyeconomicdevelopment.com .




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– Katie Kuehner-Hebert

Newport Aquarium A N t o

N y B o S h i e R

http://www.friendoflou.com/

http://www.itspossiblehere.com/



No Smallatterkentc e ece apent

ma inee and entepeneSr b Megan Pacella


When Kentucky legislatorspassed sweeping changes tothe state’s economic incentive

program, they didn’t leave smallbusiness out in the cold.

Kentucky has put together animpressive roster of resources to

promote the state’s 71,000 smallbusinesses and entrepreneurs. Thestate offers a number of resourcesfor small businesses, from financingoptions, to minority and womenbusiness certification, to servicesthat allow small companies toconnect to government contractors.

“In Kentucky, small business is bigbusiness,” says Mark Johnson, branchmanager of the Kentucky Cabinet forEconomic Development’s Small &

Minority Business Branch. “That factis accentuated by the number of newprograms and initiatives that havebeen designed and launched to helpsmall businesses. We’re doing moreto help small businesses start andexpand their operations.”

Through the Kentucky SmallBusiness Investment Credit (KSBIC)program, most businesses with 50 orfewer employees that create one joband invest $5,000 in new equipmentor technology are eligible for anonrefundable state income tax creditthat ranges from $3,500 to $25,000.

“The credit is retroactive, so if youpurchased qualif ying equipment andhired at least one eligible employee onor after Jan. 1, 2010, then you may be

ready to apply for a tax credit. Thestate has authorized $3 mi llion intax credits per f iscal year, so we areencouraging eligible small businessesto apply as soon as they meet all of the criteria.”

The recently expanded Micro

Enterprise Loan Program providesfunding assistance, up to $50,000,to entrepreneurs and small businessesin the last remaining 26 Kentuckycounties with little or no access tosuch services. The program aids firmsthat may find it diff icult to accesstraditional funding and gives specialemphasis to entrepreneurs in one of the following target groups: women-owned businesses, veteran-ownedbusinesses, ethnic-minority owned

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businesses, microenterprises (withfive or fewer employees), businessesowned by individuals classified withdisabilities, and businesses locatedin a Small Business AdministrationHUBZone qualified economicallydistressed area.

“Small and micro businesses inall 120 Kentucky counties have anadditional opportunity to obtainfunding assistance,” Johnson says.“The difference between start-upsgetting up and running or failingcould be a loan of anywhere from$5,000 to $50,000. This helps givethem the opportunity for capital.”

Cathy Zion, chair of the KentuckySmall Business Advocacy Commission,says the state has been proactive increating an environment for small

business success through passageof business-friendly legislationand empowerment programs.

Zion is a small-business ownerherself, runn ing a Louisville-basedpublishing company that producesToday’s Woman, Today’s Transitions,and Today’s Family magazines.

The commission, although a fairlynew organization, works to raiseawareness of the importance of smallbusiness to the overall economy of

Kentucky. One of the commission’scurrent efforts is development of aone-stop website that would provideresources, links, train ing andnetworking information forsmall business owners.

KNK LINS PLAONOS SALL BSINSS

In late 2010, Gov. Steve Beshearannounced an initiative to raiseawareness of small business inKentucky and celebrate the

achievements of the state’sentrepreneurs. The initiative includeda design competition for a state licenseplate that recognized Kentucky’s smallbusinesses. The competition invitedbusinesses with 50 or fewer employeesto submit a design for a small

business-themed license plate.The winni ng design was created

by Barry Arnold, lead designer forGerald Printing, a 40-year-oldbusiness with locations in BowlingGreen and Russellville, Ky., thatcurrently employs 35 people.

“Coming up with a visualrepresentation of what small businessmeans was a little more diff icult thanI expected, so I’m proud to have wonfor my design,” Arnold says.

Joe Davis, the president of GeraldPrinting, echoes Arnold’s excitement.

“This is a great way to start off 2011 as we prepare to celebrate our40th year in business,” he says.

The state offers a number of otherresources to assist small businesses.

The Small Business Connection

Database links Kentucky’s smallbusinesses with buyers fromgovernment agencies and largebusinesses, giving entrepreneurs aunique opportunity to expand theirbusiness. Small businesses registerand provide information about theircapabilities. The information is usedto match them with governmentagencies and large businesses lookingfor small and minority vendors.“That opens up small companies to

opportunities they might have neverfound on their own,” Johnson says.The Small Business Services

Division is working closely with theFinance & Administration Cabinet topromote the state’s new Minority andWomen Owned Business EnterpriseCertification Program. This programoffers the opportunity for minority-and woman-owned firms to receiveofficial certif ication status from thestate. This certification can helpraise the firm’s visibility among state

government buyers, which may lead toadditional contracting opportunities.“We’re excited about the opportunitiesfor small businesses in Kentucky,”Johnson says, “and we’re dedicatedto helping them take advantage of those opportunities.”

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Marshall County

River. Road. Rail.

We can get you there!

Marshall County Economic Development

Josh Tubbs, Director

1101 Main St. • Benton, KY 42025

(270) 527-2009 • Fax: (270) 527-4795

www.opportunitymarshall.com

STAMP OUT BREAST CANCERWITH YOUR FEET.

Every step you take in the Susan G. Komen Race for the Cure® helps

raise vital funds for the ght against breast cancer. But don’t let your journey stop there.

Take a step toward improving your own health by educating yourself about the disease and

getting regular screenings. Step by step, this Race will be won.

Learn more about the Komen Race for the Cure by visiting www.komen.org

or calling 1-877 GO KOMEN.

This space is provided as a public service. ©2008 Susan G. Komen for the Cure®

http://www.opportunitymarshall.com/

http://www.jeffersontownky.com/ed.html

http://www.opportunitymarshall.com/




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www.kyeports.com.– Megan Pacella

http://www.loganleads.com/






VintageKentuckystate ctivate a eptatin aad-innin ine

Sr b Kevin Litwin

Kentucky has elevated bourbonmaking to an a rt form, butthe state is gaining a growing

reputation in grape growingand winemaking.

Vineyards and winemaking

in Kentucky are not only gainingnational and international attention,but are also creating new economicopportunities by the barrel. Today,the Commonwealth is home to some50 wineries, most of which offertours and tasting rooms, and theopportunity to purchase their wines.

A growing number of retailestablishments in the state offerKentucky-made wines, and festivalsthroughout the state celebrate the

industry – including the KentuckyDerby. Plus, the largest commercialwine competition in the BluegrassState takes place each August at theKentucky State Fair in Louisville.

“Kentucky’s climate and topography

are well-suited to grape cultivation,with the l imestone bedrock androlling hills lending themselves togrape growing,” says Bob Adams,communications specialist w iththe Kentucky Department of Travel.“There are about 50 wineries andmore than 500 acres devoted togrape cultivation in Kentucky.”

BOL GON SAAdams says the Kentucky

Department of Travel promotes

wineries through its website, www.kentuckytourism.com,and Official Visitor’s Guide.

“Both have individual listings of wineries throughout the state withinformation about tours and tastings

and contact information,” he says.“We’ve also promoted wineries throughsocial media and news releases.”

Winemaking is certainly not newto Kentucky, with the state havingbecome the nation’s third-largest grapeand wine producer by the late 1800s.Prohibition put Kentucky’s grape andwine industry out of business, butlegislation was passed in 1976 toallow wineries to operate once again.

The state’s wineries are capturing

t awar-wnnn Prpl ta Wnr n Paca sl 33,000 bls wn n 2010. Photo By ANtoNy BoShieR






notice at numerous competitions.Purple Toad Winery in Paducahreceived a gold medal for its EstateGrown Lauren’s Blackberry and alsowas awarded four silver medals at theFlorida State Fair International WineCompetition in 2011.

Lovers Leap Vineyards & Wineryin Lawrenceburg won a Concordancegold medal for its riesling, and

Wight-Meyer Vineyard & Winery inShepherdsville won a Concordancegold medal for its Winter Solsticeat the Wines of the South annualregional wine competition in 2011.Kentucky wineries brought home 32medals, including two double golds,five golds, 12 silver and 12 bronzemedals at t he Indy InternationalWine Competition in August 2010in West Lafayette, Ind.

B GOO VINAGS

Purple Toad Winery, which openedin Paducah in July 2009, sold anamazing 33,000 bottles in 2010.

Paducah Blue, a sweet concordthat retails for $12.99 a bottle, is thewinery’s best seller, says Allen Dossey,who owns Purple Toad Winery withhis wife, June. Other top sellers amongthe winery’s 14 varieties are PaducahPeach and Lauren’s Blackberry. Dosseysays Kentucky’s climate and soil areideal to grow grapes for cabernet

sauvignon, cabernet f ranc, riesling,pinot noir, merlot and chardonnay.“We can grow just about anything J

e f f A d K i

N S




B R i A N

m c C o R d

A bottle of cabernetsauvignon from EquusRun Vineyards in Versailles




Living green is making sure the air in your home is healthy for your family to breathe. Test

your home for radon and build radon-resistant. It's easy. That's living healthy and green.

Just call 866-730-green or visit www.epa.gov/radon

Living greenstarts from the ground up.

that Napa Valley can grow,” he says.“The only real dif ference is that itdoesn’t rain much in Napa, while we getplenty of rain in Kentucky. As a result,we have to spray more fungicides tocombat the excess wetness.”

PPL OA SLLSWight-Meyer Vineyards planted

53 small grapevines in 1996 and todaybottles 19 different wines. And atSinking Valley Winery in Plato, 11varieties are available to the publicranging from $8.99 to $14.99 a bottle.

“One good winemaking rule I learnedearly is that if you feature an anima lon your label, you will sell 7 percentto 11 percent more wine each year,”Dossey says. “I don’t know whythat is, but maybe it’s a big reason

why we’re doing so well at Purple ToadWinery. Of course, it could be the factthat our wine tastes great, too.”

KentcKy WIne FActs

50Number of Kentucky wineries

500Kentucky’s grapevine acreage

100,000ases of Kentucky wine produced annually

200,000Gallons of wine producedin Kentucky annually

www.kentuckywine.com

http://www.mafp.us/




rom orses to orsepowerkentc speeda ev p sr spint p ace




P h o t o

C o

u R t e S y o f t h e K e N t u C K y S P e e d W A y




ore than 100,000 cheeringfans, an anticipated economicimpact of more than $150

million and the biggest names in stockcar racing – no wonder excitement isrevving up in the Bluegrass State. TheNASCAR Sprint Cup Series premiers atthe Kentucky Speedway July 9, 2011.

“Kentucky is the hottest ticket we’vegot of all the speedways right now,”says Bruton Smith, owner of SpeedwayMotorsports Inc. He predicts theQuaker State 400 race will be thebiggest event of the circuit in 2011.The 1.5-mile track becomes the 23rd

motorsports facility on the 36-raceNASCAR Sprint Cup Series schedule,and the first facility to be added tothe national tour since 2001.

SPIN P GOAL ALIzConstructed in 2000 with the

goal of landing a Sprint Cup race, thealready top-notch Kentucky Speedwaytrack and facilities are bei ng sprucedup in preparation for the event.“We’re talking about close to $50 millionworth of work being put into place

in about eight or nine months,” saysMark Simendinger, general manager.

The work includes adding 40,000seats in two new seating towers,including concessions and restrooms,adding thousands of new campingspots, new elevators, additionalrestrooms, improved parking andmore. In addition, pit road is beingrelocated closer to the fan viewingarea. Changes to the track itself arenot needed to accommodate the event.

Sr b Betsy Williams

t NASCAR Sprn Cp Srs prrs aKnck Spwa n Spara n 2011.




P h o t o

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u R t e S y o f t h e K e N t u C K y S P e e d W A y




O AN 100,000ANS xP

The race is expected to drawspectators from throughout Kentucky,Ohio, West Virginia, Indiana andTennessee to see Dale Earnhardt Jr.,Jeff Gordon, Tony Stewart, five-time

champion Jimmie Johnson and theirfellow Sprint Cup Series stars competein the 400-mile race in July.

The event is the highlight of theKentucky Speedway’s season-openingweekend, which also features a 225-mile NASCAR Camping World TruckSeries race July 7 and 300-mileNASCAR Nationwide Series eventJuly 8.

“The passionate NASCAR fansthroughout Kentucky and GreaterCincinnati have deserved a Sprint

Cup race for a long time,” Smith says.“Before this, Kentucky was abouthorses, but now, it’s all about morehorsepower. We’re going to create thegrandest sporting event in the historyof the state.”

A bold claim, but NASCAR SprintCup races are some of the nation’smost popular annual sporting events,and the sport is the second-mostwatched on television. If the fast saleof all 32 luxury suites at approximately$50,000 each is any indication,the 106,000 seats in the KentuckySpeedway’s grandstand should be full.

ON INO ONOThousands of fans attending the

race will also spend money in hotels,restaurants and shops. “The level of economic activity and the focus that’sgoing to be on our area is going to beunprecedented,” Simendinger says.

Gallatin County Judge-ExecutiveKenny McFarland says the potential

economic impact of more than100,000 people is exciting, and so isthe national recognition of the countyand Kentucky. And Ga llatin Countywill be ready for the visitors, he says.“Just like any community, we expectto learn and prosper from an eventlike this,” he says. “We wish theKentucky Speedway the very best.”

Smith, noting a recent studyshowing that Atlanta Motor Speedwayin Georgia has an economic impactof more than $450 million, adds,

“We’ll get at least half that here,and maybe more.”

KentcKy speedWAy by the nbers

$150 miipected economic impact of race

1.5 miLength of Kentucky Speedway track

106,000ans epected at race

400 miLength of Quaker State 400

P h o t o

C o u R t e S y o f t h e K e N t u C K y S P e e d W A y




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– Betsy Williams

http://www.bluegrassairport.com/







nderwaterWonders

Photography by Antony Boshier and Jeff Adkins

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Photo Essay

64 K N K


















Energy /Technology




univeit eeac pmte

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rom Bluegrass to Switchgrass

Sr b Pamela Coyle

Dr. Bruce Pratt works on creating biofuels fromswitchgrass and algae at the Center for

Renewable and Alternative Fuel Technologiesat Eastern Kentucky University.

photo by antony boShiE r





he road from switchgrass to jetfuel passes through Richmond,where a new research center

at Eastern Kentucky University isworking on ways to break down

biomass materials for fuel production.The Center for Renewable andAlternative Fuel Technologies (CRAFT)is helping develop and demonstrateways to convert biomass materialsinto sugars used by microorganisms

that produce oil for biodiesel andJP8 jet fuel. The center is usingthe technology to produce oil inits labs, and is raising money for ademonstration plant that can produce

batches of 50 to 100 gallons at a time.Launched in 2008, the center isbacked by two federal grants totaling$5.75 million from the DefenseLogistics Agency and has partneredwith General Atomics, a San Diego-

based company and major playerin research ranging from the nuclearfuel cycle to laser technologies. CRAFThas 60 acres at three sites, including20 in a partnership with the city of

Winchester, to cultivate switchgrass.Once the demonstration plantis online, Green Earth Biofuel of Kentucky, based in Irvine, wil l testthe oil produced for potential use inits process for producing diesel fuel.




“In many cases, we have mademore progress than I would havedreamed of,” says Bruce Pratt,the center’s director.

O ALGA O OILThe center, known as CRAFT, will

break down sugars in feedstock, suchas switchgrass, and feed it in tanks toa specific ty pe of algae that producesalgal oil. Some biomass projects are

using yeast to convert sugars fromswitchgrass into ethanol, but CRAFT’starget is oil.

“If you take that stored energyin plant material and release it, it

produces oils,” Pratt says. “That isthe holy grail of this process.”The folks at Green Earth Biofuel

agree. “It’s obvious that algae is thedirection we have to go,” says MontieParks, president of Green Earth.

“I look forward to using a feedstockfor fuel production that doesn’t affectthe food supply.”

BO OO AN L

Growing switchgrass for fuelproduction won’t compete withtraditional agriculture because theseprojects target fallow land and otherareas that don’t work well for growingfood crops. Once CRAFT has a pilot

P h o t o

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sl cs aana n prcn swcrass.Source: Center for Renewable and Alternative Fuel Technologies,Eastern Kentucky University

sWItchIng to soethIng cheAper POING SWIGASS O S IN BIOL IS OS-IV O KNK

A N t o

N y B o S h i e R




There is more toParis/Bourbon County, Kentucky

than horses

Paris/Bourbon County, Kentucky is located in the heart of the Bluegrass Region

about 17 miles from Lexington and is part of the Lexington Metro Statistical Area,

ranked fth in the nation of “Best Places for Business and Careers,” March 2008

Forbes magazine. Paris is connected to Lexington by four-lane (KY68/27), which

won national awards for its design and beauty. The new industrial park is no

exception! That’s straight from the horse’s mouth.

• More than 200 Acres “Shovel Ready” Industrial Land Available

• 14.7 Miles off Interstates 64 and 75

• Some of the Nation’s Lowest Utility and Tax Rates

• Local Rail Hopper and Warehousing Service

• 47 Colleges, 22 KY Technical Schools within Region

• Diverse and Thriving Industrial Base

For more information, contact:D. Craig McAnelly, Executive Director525 High St., Suite 117Paris, KY 40361 • (859) [email protected]

www.parisbourboneda.com

Can you imagine …a world without children?

We Can’t.

Call 1-800-996-4100 to help.www.stjude.org

plant, it will reach out to privatelandowners to work out arrangementsto use or lease land that won’t supportother crops.

“In each geographic regionof the Commonwealth, we try totake advantage of local resources,”

Pratt says. “We feel that by growingbiomass, such as switchgrass, it willminimize t he impact on agricultureso there is no argument over foodversus fuel.”

It helps that switchgrass is a nativeplant and not an invasive speciesimported from elsewhere, he says.“We are going to need to have publicsupport and buy in, and it is a loteasier to get with a native plant,”Pratt says. “Switchgrass provideswildlife habit and prevents soil

erosion. It has a lot of advantages.”For Pratt, whose background is

in agriculture, the project extendsthe techniques he’s worked with toimprove food crop yields to improvingboth the algae and the feedstock.It also is in the right place.

“Biomass is what made this partof Kentucky,” he says.

GN WI POISGlobal animal nutrition leader

Alltech has opened the $200 mil lionAlltech Algae plant in Winchester.Alltech Algae is a state-of-the-artalgae fermentation facility acquiredin 2010 from Martek Bioscience Corp.for approximately $14 million andrenovated to become one of the largestalgae production sites in the world.Development of products at the facilityderived from algae will be used forvalue-added feed products, algae-derived biofuel and the productionof ethanol. Lexington-based Alltech

sees algae fermentation offering majortechnological advances in food,feed and fuel.

Ala an swcrass r prs asnw l srcs.

http://www.parisbourboneda.com/

http://www.parisbourboneda.com/








http://www.crounse.com/




the state’s major transportation assetsto distribute products. Kentucky isserved by five interstates (I-24, I-64,I-65, I-71, I-75) along with nine

parkways and three bypasses, plusthere are more than 2,600 milesof railway for transporting cargo.

OPANIS OINGSeveral large corporations, such

as Amazon.com, Brown-Forman,Walmart and shoe retailer Zappos,have substantial distribution operationsin Kentucky. Tractor Supply Co. isbuilding an 840,000-square-footdistribution facility in Franklin toservice the mid-eastern United States.

E-commerce clothing company,Sportswear Inc., announced inFebruary 2011 that it will open anew manufacturing and distributioncenter in Louisville.

Chad Hartv igson, Sportswear CEO,says Louisville’s affordable cost of living, expansive labor pool andlogistics provide a strategic advantagefor the company to expand itsmanufacturing and productfulf illment services. “This expansion

will a llow us to significantly decreaseour costs and, at the same time,provide a shorter delivery timeto our customers,” he says.

Kentucky has three majorcommercial air ports – LouisvilleInternational, Cincinnati/NorthernKentucky International and Blue GrassAirport in Lexington – along witha large number of regional facilitiesthroughout the state. Internationalfreight mover DHL Express operatesan air cargo and package sorting

facility at Cincinnati/Northern

zapps, wrl’s lars nln ssllr, pras a acl n Sprsll.

163Business sites in

Kentucky within 10 milesof an interstate highway

or parkway

21Business sites

within 10 milesof a publicriverport

82Business sites

equipped withrail servicepossibilities

140Business sites

within 50 milesof a commercial

airport

KentcKy trAnsportAtIon FActs







Kentucky, where it schedulesmore than 65 daily flights to220 international destinations.

WA’S INWater transportation also plays

a large role in Kentucky’s economy,thanks in large part to being boundedby the Ohio and Mississippi rivers.That helps Kentucky rank 10thoverall nationwide for port tonnage.

“Many people think Kentuckyriverports deal only with grain andcoal, but our particular facility mainlyhandles items like steel, aluminum,zinc and fertilizer,” says GregPritchett, executive director forthe Henderson County RiverportAuthority. “We have many U.S.customers, along with international

clients in China, Turkey, Egypt,South Korea and the Middle East.”

Kentucky has seven publicriverports and a handfu l of privatelyowned port facilities. Pritchett says if a company has products that can beloaded on pallets or in large cylinders,then shipping by barge is the cheapestform of moving commodities frompoint A to point B in Kentucky.

“Utilizing the Ohio or MississippiRiver is a huge transportationadvantage for any company that

can access them,” he says.

GIL, OAN AN SNAnother company to come to

Kentucky thanks to the state’s logisticsadvantages is Gilt Groupe, whichopened a warehouse in Shepherdsvilleto distribute men’s and homemerchandise items. Dorman Products,an automotive replacement partssupplier in Warsaw, is investing$9.3 million to expand its existingdistribution center, while SunProducts is investing $10.8 millionto construct a distribution center inBowling Green for its line of laundrycare products.

“No matter what transportationmethod a company uses, Kentuckyhas excellent infrastructure acrossthe board for transporting products,”Pritchett says.

Knck bass nrsas ansprr war sppn capabls.



Health & Biotechnology

qine indt p invetment, t in kentc

I

t’s with good reason that Kentuckyis known as the Horse Capital of

the World.The Bluegrass State’s $4 billionequine industry supports 80,000 to100,000 jobs. Beyond its core strengthsin breeding and racing, the industry isspurring major advancements in areassuch as equine business development,drug surveillance and scientificresearch that has implicationsbeyond horses.

KNK A N OQIN G SA

The U.S. Equestrian Federation’s(USEF) Equine Drug Testing andResearch Lab relocated to Lexingtonfrom Ithaca, N.Y., in fall 2010. The lab,which located in 7,500 square feetat the University of Kentucky’sColdstream Research Campus, testsmore than 15,000 samples each yearfor USEF-licensed events, as wellas samples for the AmericanQuarterhorse Association. The USEFinvested $1.5 million in the lab, which joins the federation’s other operations

and headquarters in Lexington.Beyond its leading-edge testing

programs, the USEF is taki ng thereins on a number of other researchpartnerships. One example is its workwith the U.S. Eventing Association andUniversity of Kentucky’s College of Engineering in ef forts to developnew designs and materials forcross-country jumps that willgreatly decrease the chance of severe injuries to rider and horse.

SA-O--A SINIn late 2010, HFL Sports Science

opened a testing laboratory inLexington, bringing with it morethan 40 years of experience in t hescience of sports drug testing. Thestate-of-the-art laboratory created48 jobs providing drug surveillance,doping control, and research toequine and other sports industriesnationwide. The Kentucky HorseRacing Commission selected HFLto provide drug testing for Kentuckyrace tracks beginning in 2011.

The lab project represented an

investment of $4 mill ion and wasaided by the Kentucky Economic

Development Finance Authority(KEDFA), which approved a forgivableloan of up to $425,000 to help HFLpurchase lab equipment for theLexington facility. KEDFA alsoapproved a tax incentive plan thatprovides HFL up to $800,000 throughthe Kentucky Business Investmentprogram. The performance-basedincentive allows a company to keepa portion of its investments over a10-year period through corporateincome tax credits and wage

assessments by meeting joband investment targets.

More than two dozen of the jobscreated by the lab are high-techpositions that carr y an average annualsalary of $47,000, exclusive of benefits.HFL also is collaborating with t heUniversity of Kentucky on research toimprove basic understanding of issuesrelated to doping control in equine,canine and human sports.

The University of Kentucky’s GluckEquine Research Center is known

Breeding Innovation

Sr b Megan Pacella


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around the world for its pioneering

work in areas such as immunology,infectious diseases, pharmacology,muscoskeletal physiology andgenomics. In 2005, for example,Gluck researcher and veterinaryscience professor Ernie Bailey was theauthor of a white paper proposal thatlead to full genome sequencing of thehorse by the National Human GenomeResearch Institute, enabling not onlya direct comparison of the horse andhuman genomes, but providing equine

researchers access to critical newinformation and genetic tools.

Deepening the k nowledge of equinenutrition and exercise physiology isKentucky Equine Research (KER),which is based at a 144-acre facilityin Versailles, near Lexington. KER’sresearch team includes nutritionistsholding doctorate degrees in equinenutrition, board-certified veterinaryspecialists, students studying equinenutrition and experienced horse

owners. The company, the officialnutritionist to the USEF, works withfeed manufacturers on six continents

to formulate feeds that mesh with the

local forage.Lexington is not the only center of

equine-related commerce in the state.A subsidiary of Louisville-basedCreoSalus is making great stridesin the equine drug industry. TheFood and Drug Admi nistrationgave approval to CreoSalus’ ThornBioScience subsidiary to market itsnew drug, SucroMate Equine, to thehorse industry. SucroMate Equineincreases the likelihood of conception

in mares during natural breedingand artificial insemination.

OLLAS AN OS SNSWhile much of the recent

developments surrounding Kentucky’sequine industry revolve around heavyscientific research and drug testing,the University of Louisville haspositioned itself as a major resourcefor equine business. The university’sCollege of Business is expanding its

equine industry program in 2011 toinclude a state-of-the-art educationalwing. Faculty at University of

horse senseImpact of the equineindustry on Kentucky

$4 billionstimated economic impact

80,000-

100,000Number of jobs generated byKentucky’s horse industry

14,600Number of tourism-related jobsattributed to the equine industry

2.3 millionstimated attendance at Kentucky

thoroughbred and standardbredracetracks



http://www.bhsi.com/







Louisville aim to increase theopportunities for business

management research.“Our program is the only accreditedbusiness degree with an equinebusiness major in the world,” saysRichard Wilke, director of theEquine Program at the university.

The program aims to deliverresearch that will help solvemanagement issues and otherchallenges often faced by thosein the equine industry, and makethat applied research widely available.

“Over the past 25 years, our

research has been esoteric – it hasbeen made for scientific journals,not for business people,” Wilke says.“Our new center will emphasize appliedresearch that brings relevant valueto the people who own and manageenterprises in the equine industry.”

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Researchers examine cells at the Gluck Equine Research Center in Lexington.





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Education

kentc cee and niveitie

pepae tdent emein ied

Kentucky’s quality highereducation institutions arepart of the backbone of the

state’s economic success. More than238,000 students are enrolled inundergraduate programs at theCommonwealth’s public and privatecolleges, and another 32,000 are

in graduate programs.The Bluegrass State has built atop-flight public university system,with eight campuses spread acrossthe state that not only produce highlyskilled graduates across a range of disciplines, but house major researchinitiatives that work collaborativelywith private industry and government.They are also breeding grounds fornew technology and innovation.

In addition, Kentucky is hometo a network of 16 community and

technical colleges with 65 campuses,and all of them provide educationand skills t raining to prepare studentsfor jobs in emerging industries orsharpen the skills of those alreadyin the workforce.

N O ANION

Twelve Kentucky schools rankedamong a list of 600 colleges anduniversities identified by Forbes magazine and the Center for CollegeAffordability and Productivity asAmerica’s Top Colleges. Leadingthe charge for Kentucky schoolswas Centre College, which rankedNo. 24 among the nation’s collegesand universities. Centre, locatedin Danville, has also been listedNo. 1 among all institutions of highereducation in the South for two years

in a row. In addition, ConsumersDigest ranks Centre College No. 1in educational value among allU.S. liberal arts colleges.

“We have 1,200 students and arebig advocates of preparing for theworkforce, even to the point of settingup every student with an internship

at a company affil iated with theirmajor,” says Deb Jones, director of career services at Centre College.“Not many liberal arts private collegesin the United States have this service,but we offer internships to every oneof our students, regardless of theirmajor or department. The internshipprogram is what attracted me towork at the college in the first place.”

Jones adds that Centre professorsactually add several workforcedevelopment factors into their

oday’s lassroom,

omorrow’s Job

Sr b Kevin Litwin




P h o t o

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AerIcA’sbest collegesIn 2010Frbs placed a dozenKentucky colleges anduniversities on its list of

America’s Best Colleges in2010. The annual ranking –compiled by Frbs andthe Center for College

Affordability andProductivity – rates 610undergraduate programsout of 6,600 accreditedU.S. colleges “based onthe quality of the educationthey provide, theexperience of thestudents and how much they achieve.”

• No. 24: Centre College

• No. 210: Berea College• No. 255:

Transylvania University

• No. 271: BellarmineUniversity

• No. 335: Asbury College

• No. 380:Georgetown College

• No. 481:Murray State University

• No. 504: University of Louisville

• No. 507: University of Kentucky

• No. 517: NorthernKentucky University

• No. 551: WesternKentucky University

• No. 556: EasternKentucky University

lesson plans, knowing that companiesseek certain character traits and talentsin prospective employees.

“Our professors blend oral and writtencommunication skills into their classroomsessions, and also teach lessons in workplacereliability, work ethics, motivation, timemanagement and prioritization,” she says.“We partner with a lot of businesses in ourcommunity to make sure our students areon track toward eventually landing top jobs

in the hottest career fields.”

INO ABO INOAISAnother higher education institution focused

on workforce initiatives is Northern KentuckyUniversity, which in 2011 moved its Collegeof Informatics into a new $53 mill ion GriffinHall building on campus. The College of Informatics a llows aspiring ar tists, musicians,doctors, entrepreneurs and scientists to cometogether to learn about technology and howit will ta ke their fields to the next level.

Fortune magazine says nine of the 20 fastest

growing professional jobs in the next decadewill be found in the field of informatics.The program at NKU offers students theopportunity to learn everything fromprotecting businesses from computer hackersto producing a highly advanced digital newscast.

ING LAWN ON APSBerea College also emphasizes training

students for the workforce – and actuallyhas them working the very first day t hat they

arrive on campus. Every Berea College studentis awarded a tuition scholarship, but isexpected to work his way through school.

Students are assigned jobs on campus fortheir first year – whether it be landscaping,painting, lunchroom duty, maintenance orworking in the library. After the f irst year,students can choose their own job path.

“Berea College is a place of learning, laborand service. Students are bright, eager andopen to developing to the fullest of theirtalents and skills,” says Larry Shinn,Berea College president.

A N t o N y B o S h i e R







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Livability

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Bourbon, barbecue and bluegrassare all good reasons to havea festival in Kentucky.

The Commonwealth celebratesall manner of its culture, heritageand history each year w ith signature

events that occur from one end of the state to the other. Food is alwaysa popular item to plan a festival around,and so is music and heritage – andKentucky has numerous other subjectsto observe.

“Kentucky is a state with interestinghistory and heritage,” says Bob Adams,communications specialist with theKentucky Department of Travel.

Adams points out there are nevershortages of fun festivals celebratingsomething or someone in Kentucky,

with a diversity of subjects thatinclude the Civil War, fall foliage,wine, horses and the great outdoors.Some of the signature events heldin Kentucky each year include:

KNK BIt might not specifically be

categorized as a festival, but theKentucky Derby is certa inly oneof the biggest parties staged in thestate – and America – each year.The premier race for 3-year-oldthoroughbred horses annually draws150,000 fans to historic ChurchillDowns in Louisville on the firstSaturday in May. The Kentucky DerbyFestival, held for two weeks prior tothe race, includes more than 70 special

Life of the Party

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events, draws 1.5 million peopleeach year and is the largest event

in the state.

INNAIONAL BA-B-Q SIVALHickory-smoked fires are ablaze

every second weekend in May whenOwensboro hosts the InternationalBar-B-Q Festival. The aromas of sizzling chicken, bubbling burgooand roasted mutton fil l the air,plus the festival offers musical

entertainment, sporting events,a kid’s zone and other attractions.

WOL IKN SIVALLaurel County was the home

of Col. Harland Sanders, founderof Kentucky Fried Chicken, and iswhere the Colonel’s fi rst and originalrestaurant was established in the1940s. Lee Cummings, co-founderof Lee’s Famous Recipe Chicken,also began his career in Laurel

County, so the county seat city of London proudly hosts the WorldChicken Festival for four daysevery September.

SIVAL O BLGASSThis get-together is the oldest

bluegrass music festival in the state,and the June 2011 four-day concertwill be the 38th annual. Festival of theBluegrass attracts bluegrass groupsfrom across the country and the




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world, with entertainment occurringon two stages at the Kentucky HorsePark in Lexington.

OASL SIVALLouisville is host to this an nual

three-day festival in July thatcelebrates art, music and fi lmmaking.The Forecastle Festival missionis to establish an annual culturaldestination in an outdoor setting thatmerges entertainment with activismeducation. Outside magazine ratesForecastle as one of the top 15outdoor festivals in the country.

O BIG VNSOther top events in the

Commonwealth each year include

the Kentucky Bourbon Festival inBardstown, the Autumn A rt andCrafts Festival in Crittenden inmid-September, and the Wayne CountyFair & Horse Show in Monticello fornine days in July. In March, thehappiest two-day festival this sideof New Orleans occurs in Louisvilleat the Biggest Mardi Gras Festival.

AS O O LOISVILLThe International Festivals &

Events Association honored Louisvillein December 2010 with the inauguralWorld Festival & Event City Award.

Louisville was honored as the topcity in North America for supportingfestivals and special events, in the morethan 1 million population category.Some of Louisville’s annual festivalsinclude the 18th Century Market Fair,Art in the Arbor, Biggest MardiGras Festival, Forecastle Festival,Kentucky Derby Festival, KentuckyShakespeare Festival and theKentucky State Fair.

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Join us in

MonroeCounty,

h H Sh Kky

Proud of our Heritage,

focuSed on tHe future

• Centrally located within a day’s drive

of 60% of the U.S. population

• A labor force ready and willingto work

• Industrial parks (shovel-ready)

and spec building

• Modern airport with 4,000 ft. runway

• Low-cost power and abundant water

• Economic development incentives

• Award-winning schools

• Quality health care

• Relaxing rural atmosphere,

traditional Southern hospitality

• Spectacular natural beauty with

rivers and streams, hardwood forests

and rolling hills

• Outdoor recreation, including the

best hunting and shing

anywhere around

• Rich in pioneer and Civil War history

expl h opps

M cy, KY

Tompkinsville • Gamaliel • Fountain Run

40 miles east of I-65

125 miles south of Louisville

120 miles west of I-75

60 miles east of Bowling Green

50 miles north of I-40

90 miles north of Nashville

25 miles south of the Cumberland Parkway

(270) 487-1314

www.mky.m

www.shlky.m/ b__/m_y/

P h o t o

C o

u R t e S y o f W i L L i e m A C L e A N

f R o m B i R d ’ S e y e P h o t o g R A P h y

P h o t o

C o u R t e S y o f W W W . K e N t u C K y t o u R i S m . C o m

http://www.monroeky.com/

http://www.southcentralky.com/about_our_region/monroe_county/



http://www.monroeky.com/




http://www.scidf.com/




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ONOI POIL

“From Conception to Completion, We’re Your Road to a Successful Project”

2335 Barren River Rd. • Bowling Green, KY 42102

(270) 781-9944 • Fax: (270) 782-2506

www.comurphydaniel.com • www.coandmurphy.com

IstRI

CRCI

IC

IstIttIConsidering a new facility? Plan and save wisely.

Let us perform a logistic and economic feasibility study for you.

• Design/BuildConstruction

• CompleteEngineering/ Architectural/DesignServices

• ConventionalGeneralContracting

• Renovations/Conversions/ Expansions

• ConstructionManagementServices

ANSPOAION

INSASi-24, i-64, i-65, i-71, i-75, i-264,

i-265, i-275, i-471

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$40,061edian ousehold Income(2009 .S. ensus Bureau SAIP data)

$33,348Per apita Income (2010)Bureau of conomic Analysis

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POPLAION

4,339,435Population (2010)

37.7edian ageSource: U.S. Census Bureau

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http://www.scottandmurphy.com/

http://www.scottmurphydaniel.com/

http://www.scottandmurphy.com/




visit ouradvertisers

Appalachian IndustrialDevelopment Authoritywww.appalachianindustrialauthority.com

Baptist Heathcare Systemwww.bhsi.com

Blue Grass Airportwww.bluegrassairport.com

Booneville-Owsley Countywww.owsleycountykentucky.org

Bowling Green AreaChamber of Commercewww.southcentralky.com

Carroll County Fiscal Courtwww.carrollcountygov.us

City of Greensburgwww.greensburgonline.com

Commerce Lexingtonwww.commercelexington.com

Corbin Economic Development Agencywww.sekbp.com

Crounse Corporationwww.crounse.com

Danville EconomicDevelopment Partnershipwww.betterindanville.com

Elizabethtown/Hardin CountyIndustrial Foundation Inc.www.eiky.org

Glasgow/Barren County IndustrialDevelopment Economic Authoritywww.glasgow-ky.com

Greater Louisville Inc.www.greaterlouisville.com

Greater Owensboro Economic

Development Corporationwww.owensboro.com

Hopkinsville Christian County EconomicDevelopment Councilwww.hopkinsvilleindustry.com

Jeffersontown EconomicDevelopment Authoritywww.jefersontownky.com

Kentucky Cabinet forEconomic Developmentwww.thinkkentucky.com

Kentucky Department of Travelwww.kentuckytourism.com

Leitchfield-Grayson County IndustrialDevelopment Corporation Inc.

www.growgrayson.com

LG & E and KUwww.lge-ku.com

Logan Economic Alliancefor Development

www.loganleads.com

Louisville Water Company

www.louisvillewater.com

Marshall County Economic Development

www.opportunitymarshall.com

Meade County/Brandenburg Industrial

Development Authority

www.meadecountyky.com

Monroe County Economic DevelopmentCenter Board

www.monroecountykyedc.com

Muhlenberg Alliance for Progress Inc.

www.map.us

NE Regional Industrial Park

www.boydcountyky.gov

Northern Kentucky TRI-EDwww.northernkentuckyusa.com

Northwest Kentucky Forward

www.northwestky.com

Paris-Bourbon County Economic

Development Authority

www.parisbourboneda.com

Pine Ridge RegionalIndustrial Authority

Powell County IndustrialDevelopment Authority Inc.

Scott & Murphy & Daniel LLC

www.scottmurphydaniel.com

Shelby County Industrial & DevelopmentFoundation Inc.

www.shelbycountyindustrialoundation.com

Stites & Harbison PLLC

www.stites.com

University Kentucky Commercialization

& Economic Developmentwww.econdev.uky.edu

Meade County –

BrandenBurg

IndustrIal

developMent

authorIty

Offering a 500-acre

industrial park zoned for

heavy industry. The site

features CSX rail and

Ohio River access. Ourcommunity offers rural

community advantages yet

is within the Louisville MSA.

79 Broadway

Brandenburg, KY 40108

www.meadecountyky.com

Contact us at

(270) 422-5627 (JOBS)

or e-mail us at

[email protected].

http://www.meadecountyky.com/

http://www.meadecountyky.com/




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O O POO BLOG:KNK

POS B ANON BOSI

Scenes fromanville, K

Gov. Steve Beshear

ore Onlinesee me avite pt and ead

te tie eind te t at

kentuckyeconomicdevelopment.com.

Now that you’ve eperienced Kentucky through our photos, ee it t te ee

ptape. iit kentuckyeconomicdevelopment.com t vie ecive

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Get the Story Behind the Photo

Through the Lens




http://www.kentuckytourism.com/







Ad Index (cont.)

37 leitchfield-GrAyson

countyindustriAl

development

corporAtioninc.

30 lG&eAndku

49 loGAneconomic

AlliAncefordevelopment

30 louisvillewAtercompAny

48 mArshAllcounty

economicdevelopment

102 meAdecounty/

BrAndenBurGindustriAl

developmentAuthority

99 monroecountyeconomic

developmentcenterBoArd

55 muhlenBerGAlliAnce

forproGressinc.

62 nereGionAlindustriAlpArk

10 northernkentuckytri-ed

6 northwest

kentuckyforwArd

75 pAris-BourBon

countyeconomic

developmentAuthority

12 pineridGereGionAl

industriAlAuthority

25 powellcountyindustriAl developmentAuthorityinc.

101 scott&murphy&dAnielllc

100 shelBycountyindustriAl

&development

foundAtioninc.

14 stites&hArBisonpllc

9 universitykentucky

commerciAlizAtion&

economicdevelopment



City of Booneville& Owsley County

Fiscal Court

P.O. Box 1Booneville, KY 41314

(606) 593-6800 (606) 593-7080

wolf creek metal(606) 593-GOLF

www.saghollow.com

Experience the Owsley County Adventure

(606) 593-6800 • (606) 593-7296 • www.owsleycountykentucky.org

• LivableCommunity

• AvailableWorkforce

• AvailableBusinessProperty

• RecreationalOpportunities

• ScenicBeauty

• ATVTrailsConnectingwith Multi-Co.Area

• Fall/SpringHorseTrailRide

• AbrahamLincolnStatue

Sag Hollow Golf CourseAvailable Land Pioneer Village

Booneville-Owsley Industrial Authority

(606) 593-6800

(606) 593-6268(606) 593-5151

http://www.owsleycountykentucky.org/

http://www.owsleycountykentucky.org/



Documents

Kentucky Economic Development Guide 2011