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Louisville Business First
LMAS gets new director
The city's animal services department has a new leader.<\p> During Tuesday's weekly press briefing, Mayor Craig Greenberg announced longtime Metro Government employee Andy McClinton has been appointed as director of Louisville Metro Animal Services. <\p>
East End restaurant abruptly closes
A seafood restaurant in Louisville’s East End has closed its doors permanently.<\p> According to our news partner WLKY, Mitchell’s Fish Market abruptly closed Saturday night. The restaurant has operated at its location in at the Paddock Shops at 4031 Summit Plaza Drive for more than 20 years.<\p>
Distillery and brand to be sold at auction
In terms of opportunities to immediately buy a stake in the bourbon industry, consider this a shooting star. <\p> In December, a sealed-bid auction will take place for what is being described as a “Kentucky Premium Whiskey Distillery,” according to a news release. <\p>
Confluent Health names COO, CCO
Louisville-based Confluent Health has appointed two veteran health care executives to its leadership team. <\p> Mark Steiger has been named chief operating officer and Peter Carino has been appointed as chief commercial officer, according to a news release from the company. <\p>
Manufacturer reveals $71M expansion plans
A Southern Indiana manufacturer has announced plans for another multimillion-dollar expansion and the creation of nearly 200 jobs.<\p> Ammunition manufacturer Conco told Business First in a statement it will invest $71 million to expand its Scottsburg facility. The 150,000-square-foot expansion will increase the company’s manufacturing, finishing, and storage capabilities.<\p>
Fast-growing firm unveils new headquarters (PHOTOS)
One of the fastest-growing companies in the country, certainly in Louisville, is celebrating two decades in business with a significant office expansion. <\p> Cornerstone Engineering Inc. and Cornerstone Geotech Services, an architectural-engineering consulting and construction services firm headquartered in Louisville, has increased its office square footage on the coattails of increased, growing revenue and almost 20 years of planting roots in Jeffersontown.<\p>
Workers are burned out, and one group of employees is feeling it most
The last few years haven’t exactly been stress-free, and it's left a majority of frontline workers with a sense of burnout.<\p> New research from workforce-management company UKG and consultancy Workplace Intelligence shows that 75% of nearly 13,000 frontline workers from around the world say they feel burned out. That response was highest among Gen Z workers, with 83% of those frontline workers reporting a sense of burnout.<\p>
Coffee shop plans $100K expansion
A coffee shop and roastery in Germantown plans to add an onsite roastery next year.<\p> Hinterhof is located at 1008 E. Oak St., behind the Oak & Swan Barbershop. In an addition to the coffee shop, Hinterhof is a wholesale coffee bean roasting business.<\p>
Walgreens to close local store. Here's where
A New Albany, Indiana, Walgreens pharmacy is one of the 1,200 stores planned for closure in the next three years as the drugstore corporation aims to cut costs while consumer spending continues to slow. <\p> The store on the southeast corner of Spring and Vincennes streets at 1702 E. Spring St., will close Dec. 5, according to a sign posted outside the location. <\p>
Here's what's replacing Lucky's Market
Food from “all around the world” is coming to Louisville.<\p> Saraga International Grocery has signed a lease and will open its first area store at 200 N. Hurstbourne Parkway inside The Forum Center, Saraga General Manager Brad Nam confirmed to Business First. <\p>
Local startup pioneers bourbon shipping (EXCLUSIVE)
Most things in the bourbon industry take time to grow, such as the age statement on a barrel or market share in a category. <\p> There is one sector, though, where fast growth has become the norm. That would be direct-to-consumer shipping, or DTC for short. <\p>
Commercial foreclosures rise as lenders approach 'inflection point'
Commercial foreclosure activity across the nation crept up last month despite more positive sentiments overall across the commercial real estate industry.<\p> Foreclosure activity on U.S. commercial properties rose in September from the month prior, to 695, according to Attom Data Solutions LLC. The property data firm's analysis includes the total number of commercial properties with at least one foreclosure filing entered into its Data Warehouse during the month. It doesn't distinguish property types or sectors.<\p>
Louisville's luxury real estate market surging
Driven by improved economic stability and favorable lending conditions, Louisville's real estate market showed growth and expansion in this year's third quarter, according to a report from a local agency.<\p> The number of homes sold, median price per square foot and active listings across the entire area market have all increased compared to the same time period last year, though homes are staying on the market longer than before, a report from Lenihan Sotheby's International Realty's Jon Mand & Associates says. <\p>
More companies are putting pay details in job listings
The number of job postings that list salary information continues to climb — and they tend to attract more competitive candidates.<\p> Indeed’s Hiring Lab found in a study released Oct. 23 that 57.8% of job postings on Indeed in September contained some salary information, up from 52.2% during the same time in 2023. Although the rate of growth has slowed from previous years, the rate still grew in 95 of the 110 metropolitan areas Indeed tracked. <\p>
Managers trim staff by dialing up return-to-office policies
Editor’s Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> As more organizations implement return-to-office policies, more CEOs are explaining why they're opting to bring workers back to the office. Connectivity and collaboration are frequently cited reasons, but that's not true across the board. <\p>
Big ad firm opens St. Matthews HQ
A large Louisville advertising firm has moved into a new headquarters in East Louisville.<\p> Wingspan Integrated Marketing cut the ribbon on its new space at 999 Breckenridge Lane in St. Matthews this week. The Spanish Colonial-style building was previously home to Personal Opinion, a marketing research firm which had been in business since 1960.<\p>
The new Kentucky Entrepreneur Hall of Famers
The 2024 class of the Kentucky Entrepreneur Hall of Fame has been announced — as five honorees will be inducted in November, along with two “Emerging Entrepreneurs,” according to a news release. <\p> Four of the five have ties to the health care industry. <\p>
Waterfront organization lands $5M
A Louisville attraction near the Ohio River landed significant funding this week.<\p> Waterfront Botanical Gardens announced $5 million in new funding to accelerate the next phase of its masterplan. The funding includes $4 million from the Kentucky General Assembly and $1 million from Louisville Metro Government, coming as the gardens celebrate five years since opening to the public, according to a news release.<\p>
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