By Joe Sonka | Posted on September 5, 2018
According to records obtained by Insider, the Bevin administration also spent nearly $189,000 on guests' hotels, transportation, food, beverages and gifts.
By Joe Sonka | Posted on August 10, 2018
Louisville Mayor Greg Fischer has faced criticism recently over his administration’s decision to not reveal the names of guests it entertains at taxpayer expense at the Kentucky Derby, but he’s not alone from this practice of spending in the name of economic development. Past...
By Joe Sonka | Posted on April 10, 2018
The U.S. Department of Treasury and Internal Revenue Service have certified the 144 census tracts in Kentucky that were submitted by Gov. Matt Bevin’s administration to be “Opportunity Zones” — low-income areas where major investors would be incentivized by significantly reduced and deferred capital gains...
Bevin administration pursuing ‘Opportunity Zones’ to incentivize capital investment in west LouisvilleBy Joe Sonka | Posted on March 19, 2018
When Congress passed its massive $1.5 trillion tax cut bill in December, few had heard of a provision tucked into the bill allowing the creation of “Opportunity Zones” — low-income areas in which major investors would be incentivized by significantly reduced capital gains taxes....
By Boris Ladwig | Posted on August 22, 2017
Louisville-based biotech company Exscien has secured a $3.7 million grant with which it hopes to get closer to developing treatments for heart failure. The three-year federal research grant from the National Heart, Lung and Blood Institute will help the company study the effects of...
By Boris Ladwig | Posted on August 15, 2017
GE Appliances will move hotel air-conditioner production from Louisville to Tennessee — in part because of greater economic incentives there. The company previously had announced that it would cease AC production in Louisville, but had not yet identified a new location. GEA’s sister company,...
By Caitlin Bowling | Posted on July 28, 2017
The Louisville Convention & Visitors Bureau has given the Louisville Regional Airlift Development coalition a proposal, offering to help fund a minimum revenue guarantee, according to the tourism entity. The inventive is used as a carrot for airlines. The minimum revenue guarantee ensure airlines...
By Caitlin Bowling | Posted on July 25, 2017
The Louisville Airport Authority, Greater Louisville Inc. and the city’s economic development arm Louisville Forward have all lobbied for new and increasing air service out of Louisville. Now, a new nonprofit coalition will formally bring those efforts together under a single umbrella. On Monday,...
By Boris Ladwig | Posted on June 8, 2017
The uncertain future of a state angel tax credit threatens to undermine entrepreneurial activity in the commonwealth, which already has declined in the last few years, business insiders say. A local venture capitalist said the credit was critical to attracting investments in startups, and...
By Boris Ladwig | Posted on February 23, 2017
Fortune 500 company Grainger plans to invest $273 million on a Louisville distribution center in a move that bolsters the city’s status as a logistics hub. The company plans to spend $29 million to buy land, $82 million to construct a building, $100 million...