Louisville, KY’s leadership has placed a focus on four innovation clusters – each has contributed greatly to the city’s economy and each holds great promise for the future.
Those clusters are advanced manufacturing, aging care, food and beverage, and logistics. Each cluster has enjoyed success from its large national and international companies as well as small entrepreneurial firms.
“Louisville is seeing the end of the tunnel of the national recession, with new projects and investments being announced and starting to appear," Mayor Greg Fischer says. "The number of companies we are working with for local and state incentives is on the rise, many of which are in our business clusters that we focus our economic development efforts on, due to our competitive advantages in those sectors.”
Excellent Mix of Louisville Businesses
Here’s a brief profile on each cluster:
Advanced Manufacturing – Louisville has a rich history of successful manufacturing firms and has some of the most well known names in the business world such as Ford, General Electric and Raytheon. There have been recent developments in which these businesses have made renewed commitments to the city and its residents in terms of expanded investments and additional employment opportunities.
Aging Care – Louisville is home to a diverse and expanding list of companies and organizations in the growing aging care industry. Companies such as Humana, Kindred Healthcare, Inc. and Signature HealthCARE are among the largest health care-related firms in the nation. Those companies and countless others are fortunate to have access to the resources of two excellent institutions – the University of Louisville and the University of Kentucky – both of which offer excellent research capabilities and expertise and an excellent pool of talented health care employees. Greater Louisville Inc., through such organizations as EnterpriseCorp, is nurturing fledgling health-care and science-related companies grow and develop.
Food and Beverage – More than 120 food and beverage companies are located in Louisville and vicinity, employing more than 10,000 workers. Some of the most-recognized names in the food and beverage business are based here, including Brown-Forman Corporation, one of the largest spirit companies in the world, and Yum Brands, the world’s largest restaurant company with recognizable names such as KFC, Pizza Hut, Long John Silver’s, Taco Bell and A&W. There are also a myriad of other companies that furnish specialty food and beverage-related products and services on a global basis. These specialty firms include Bourbon Barrel Foods, Caudill Seed, D.D. Williamson, Flavorman and Rooibee Red Tea.
Logistics – With excellent transportation assets it’s no wonder that Louisville is a natural as a logistics hub. The city has three interstate highways, the Ohio River and major railroad lines passing through it, and Louisville is served by an excellent international airport. The UPS Worldport at Louisville International Airport is the largest fully automated package-handling facility in the world. More than 140 companies have located in Kentucky to be close to the Worldport, representing about 10,000 jobs and $290 million in payroll. Distribution companies that have located near the Worldport include Zappos, Chegg.com and Geek Squad.
Find out about other businesses in the Louisville area.