October 2024
The Louisville, Kentucky market is experiencing a strong surge in economic growth, driven by business expansions, new development projects, and increasing national recognition.
Louisville named top US market for apartment rent growth
What This Means For You: Limited new supply and robust demand are supporting strong rent gains in the area.
Louisville ranked 20th hottest hiring market by ADP
What This Means For You: The data put the area’s annual pay growth at 5%, with new hires earning $16.50 per hour, and a hiring rate of 4.6%. Louisville placed higher than cities like Charlotte, Atlanta, and Raleigh.
Lumos, a leading 100% fiber-optic internet and total home wi-fi service provider in the Mid-Atlantic, expands into Louisville with a $144M investment
What This Means For You: The expansion entails building over 1,300 miles of Lumos’ network in parts of Jefferson County and Louisville. As Lumos expands, they aim to provide new job opportunities in the markets they serve.
Bigelow Tea, one of America’s largest tea brands, breaks ground on $70M East Louisville expansion
What This Means For You:The new 265,000-square-foot building will replace Bigelow’s current operation in Jeffersontown. Work is expected to begin this year, with main construction set to get underway in 2025.
Midea America, the world’s largest home appliance producer, announces $35M expansion in Louisville
What This Means For You: Midea plans to grow Midea America’s footprint at its facility in Blankenbaker Station nearly fivefold. The project is expected to create 110 jobs.
Shelbyville Battery Manufacturing proposes $700M renewable-energy facility east of Louisville
What This Means For You: The project would build on the area’s growing economic success and create 1,572 full-time jobs in Shelby County.
A $36 million project is coming to The Crescent Hill Treatment Plant, Louisville’s largest water treatment facility
What This Means For You: The 4,600-square-foot building will house a new secondary pump station featuring a pump room, wet well, electrical room, and a 10-ton interior bridge crane, according to the filing. The structure will also consist of decorative masonry block and an asphalt roof.
Flavorman, the leading custom beverage development company, has announced the opening of its new $8.5M production facility in Louisville
This 28,000-square-foot addition is anticipated to bring several new jobs to downtown Louisville and help Flavorman better serve rapid growth in the beverage industry.
Kentucky State Fair hosts groundbreaking ceremony for Kentucky Exposition Center’s $400 million renovation
What This Means For You: The newly unveiled renovation plan will be completed in two phases and is set to begin in 2025.
The U.S. Army Corps of Engineers Louisville District announces the LG&E Center as its new proposed headquarters
What This Means For You: 750 employees will ultimately move into the facility. The LG&E Center is Louisville’s eighth-largest office building with more than 285,000 square feet. Other tenants include Deloitte and Fisher Phillips.
