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Louisville Business First
Bourbon brand opens tasting room
The brand might sound relatively new, but it’s not. <\p> All one has to do is look at the name of the tasting room that the brand is opening in Downtown Bardstown. The name is Circa 1856, paying homage to the year when the brand, Chicken Cock Whiskey, was first established in Paris, Kentucky, northeast of Lexington. <\p>
Wendy Dant Chesser's plan? 'Protect what we've built'
It wasn’t yet a state park when Wendy Dant Chesser and her friends from the neighborhood she grew up in would race their bikes from Jeffersonville, Indiana, to what is now the Falls of the Ohio in Clarksville.<\p> They’d traipse over the sun-soaked exposed fossil beds and fill their pockets with rocks.<\p>
Inside Greenberg's new economic alliance
The way economic development is done in Louisville Metro is about to undergo a major transition.<\p> Louisville Mayor Craig Greenberg will unveil details about the Louisville Economic Development Alliance (LEDA), a new public-private partnership focused on economic development, at a press conference outside Metro Hall today, June 28, at 10 a.m. The 501(c)(6) organization will be comprised of leaders from the business community, city government, nonprofit organizations, organized labor, and educational institutions.<\p>
ANNOUNCING: LBF's 2024 Nonprofit Visionary Leader Awards honorees
Louisville Business First’s Partners in Philanthropy is a recognition program spotlighting philanthropy in our community. <\p> We honor three unique sets of honorees: Nonprofit Visionary Leader Awards, Volunteer of the Year Award and the Corporate Philanthropists Awards given to area companies for their philanthropic efforts and their cash donations to nonprofits and organizations.<\p>
Many managers are posting fake jobs. One reason may surprise you.
Employers are turning to fake job listings as a means of boosting staff morale in the current unsettled hiring market, but those ghost postings could have consequences. <\p> That’s according to a recent Resume Builder survey, which found 40% of 649 hiring managers surveyed have posted a fake job listing in the past year. Three in 10 responded they have an active fake-job posting. <\p>
TV station moving Louisville studio
Kentucky’s public broadcaster will relocate its Louisville offices and studio from its current downtown location later this summer. <\p> Kentucky Educational Television (KET), a PBS affiliate, announced today in a news release it plans to move its Louisville operation to the first floor of the American Life Building on 471 West Main Street, from its current location on 620 West Main. The move will keep KET downtown and allow the statewide network to enhance its coverage of Louisville’s people, places and culture. <\p>
Transportation company shakes up leadership
One of the area's largest marine transportation companies says its reorganizing its leadership. <\p> American Commercial Barge Line operates marine transport services and announced several promotions and new hires as part of a reorganization, according to a news release from the company. The barge line says its an effort to optimize operational efficiency, customer satisfaction and ensure successful execution of strategy,<\p>
Former grocery sold, to become farmers market
In the near future, patients could walk out of a Park DuValle Community Health Center clinic with a prescription for three tomatoes, a head of broccoli and a bag of spinach. <\p> The Louisville-based nonprofit has purchased the former First Choice Market at 3044 Wilson Avenue for $1.1 million, Park DuValle CEO Dr. Swannie Jett told Business First in an interview.<\p>
Manufacturer expands local facility
An expanded grease manufacturing operation that opened its 400,000-square-foot plant last week has plans to add a dozen new jobs to the area. <\p> Lucas Oil Products Inc. opened its expanded facility last Tuesday in Corydon, Indiana. A total investment in the expansion was not initially shared with Louisville Business First. <\p>
Behind the scenes of this ambitious mixed-use project
By the time snow begins falling again in about six months, a 600-acre mixed-use development in Charlestown, Indiana, will start to have its skeleton.<\p> Developers behind the Shadow Lake Business Park and Shadow Brook Farm have already moved into their relocated 23,000-square-foot office and 40,000-square-foot maintenance facility complex on the site.<\p>
East End play space opens
Kristen O’Meally had the idea since 2017. She just needed the confidence to start her own business.<\p> While working as a director of a newly built preschool in Washington, D.C., she realized that the play-based learning center she had envisioned, could indeed become a reality — after being on the ground floor of the planning process.<\p>
State innovation lead stepping down
One of the most influential names in Kentucky’s entrepreneurial ecosystem is heading to Tennessee.<\p> Monique Kuykendoll Quarterman — executive director of Entrepreneurship and Innovation (KY Innovation) at the Kentucky Cabinet for Economic Development — will be leaving her role in Frankfort to become the new CEO and president of The Enterprise Center, based in Chattanooga, Tennessee, according to a news release.<\p>
Visa, Mastercard 'swipe' fee settlement dealt a big blow
A nearly $30 billion settlement involving U.S. retailers and credit card giants Visa Inc. and Mastercard Inc. has been dealt a blow after a judge said it was unlikely she would approve the deal.<\p> During a June 13 hearing on preliminary approval of the proposed settlement involving “swipe” fees, U.S. District Judge for the Eastern District of New York Margo Brodie said she was unlikely to sign off on the deal. Brodie issued a written order on the case on June 25, and while the order itself was sealed, the accompanying memorandum on the court docket stated that the "court finds that it is not likely to grant final approval to the Settlement and accordingly denies Plaintiffs' motion for preliminary settlement approval."<\p>
Private school launches capital campaign
A local private school has launched a capital campaign to fund an expansion of its existing schoolhouse.<\p> The Meredith Dunn School is seeking about $4.5 million for a 23,000-square-foot expansion, said Head of School Rebecca Roberts, who assumed the role earlier this month. She hopes construction will begin sometime during the 2024-25 school year and for it to be complete by next summer, so students can use the facilities starting at the beginning of the 2025-26 school year.<\p>
Westport Village store moves to St. Matthews
St. Matthews shoppers have a new store to meet their pickleball needs.<\p> Chuck & Mike’s Tennis and Pickleball moved to a new location at 291 N. Hubbards Lane, suite 190, inside the Woodlawn Center last month, according to the retailer’s Facebook page. <\p>
McConnnell talks inflation, politics
Sen. Mitch McConnell, R-Ky, is the longest serving leader in Senate history, having led Senate Republicans for 17 years. <\p> McConnell said in February he would not seek the position again, and the 82-year old senator made light of his long tenure several times during a speech to about 130 business leaders at the Galt House on Tuesday. <\p>
Humana's new CEO on tower plans
Editor's note: This is part two of LBF's interview with incoming Humana CEO Jim Rechtin. You can check out part one of the interview, in which Rechtin talks about the company's future in Louisville, here.<\p> In a matter of days, incoming Humana Inc. President and CEO Jim Rechtin will inherit a company with nearly 70,000 employees, more than $106 billion in revenue, approximately 22 million members — and one soon-to-be empty 26-story skyscraper<\p>
‘Lock-in effect’ restricts homeowners despite inventory improvements
A U.S. housing market that continues to see home-price appreciation, paired with higher-for-longer mortgage rates, may prolong the lock-in effect that's stymied inventory the past couple of years.<\p> Many housing economists predicted 2024 would see more relief for homebuyers by way of greater inventory and households more willing to sell their homes after being tethered to record-low mortgage rates obtained during the Covid-19 pandemic.<\p>
Former UofL athlete wins award at NIL Summit
If the realm of Name, Image, Likeness (NIL) is the brave new world (among many) in college athletics, you can consider Paige McCormick a modern-day explorer. <\p> Over the weekend, McCormick — a recent two-time graduate of the University of Louisville and a member of the swimming and diving team — was named as the 2024 Innovator of the Year at the 2024 NIL Summit in Atlanta.<\p>
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