August 2024
The market in Louisville, Kentucky is experiencing an influx of economic development due to expanding commercial growth, national recognition, and a steady flow of development projects.
The commonwealth placed No. 2 in the South Central region of Site Selection’s 2024 Prosperity Cup rankings. Nationally, Kentucky placed No. 8, maintaining a top 10 ranking each year under Gov. Andy Beshear.
What This Means for You: This national recognition solidifies Kentucky’s position as a strong and appealing market to attract more residents, tourists, and businesses.
Canadian Solar, one of the world’s largest solar technology and renewable energy companies, to move into River Ridge Commerce Center.
What This Means for You: The $800 million project highlights the region’s growing industrial presence and will create 1,200 jobs.
Ford Motor Co. considers building a new specialized EV component plant in Shelby County.
What This Means for You: The $400 million project would create 260 jobs with an average wage of $36 per hour.
Zyyo plans a $175 million, 27-story tower in Downtown Louisville.
What This Means for You: This development signifies a major boost in the city’s urban landscape development, increasing the appeal of downtown residential and tourism activity.
Scannell Properties enters Louisville market with $22 million investment.
What This Means for You: Scannell Properties will break ground on a 250,000-square-foot spec building inside the River Ridge Commerce Center, with an expected completion in the first quarter of 2025.
1440 Foods to invest more than $60 million in River Ridge Commerce Center facility.
What This Means for You: The $60 million project will create nearly 200 new jobs.
Goodwill to invest $30 million in statewide expansion. One of the new stores is a new donation center and store in Louisville.
What This Means for You: The 14,445-square-foot Valley Station facility is expected to open in the first half of 2025 and will create 50-60 jobs.
JQOL Global, a civil engineering firm, plans to build a new facility in Louisville.
What This Means for You: The $6.4 million project will create 113 new jobs with an average total hourly compensation of $59.15.
The LOUMED project — with four major stakeholders — is aimed at revitalizing a key part of Downtown.
What This Means for You: This new mixed-use project is expected to enhance the medical district’s appeal, growing demand and helping it turn into a key economic hub for the area.
Thrive Cos, a real estate company based in Columbus, Ohio, has been selected to lead the Jeffboat redevelopment.
What This Means for You: This large-scale project is set to revitalize the waterfront area, creating new commercial and residential spaces.
