3. KENTUCKY S SUPER REGION?
KENTUCKY’S SUPER REGION?
“It would be better for Louisville and Lexington be
thought of — and marketed — as a single region,
h h f d k d i l i
even while maintaining separate strengths”
BUT
WHY?
Louisville Mayor Greg Fischer & Margaret Handmaker, Interim Director for Economic Development
COURIER JOURNAL PHOTO
4. Louisville MSA is Losing Jobs
Nonagricultural wage and salary jobs, 2000-2009
620,400
620 400 595,800
‐24,600 jobs
b
Down 4%
Down 4%
Source: Coomes, 2010, Recovery and
2000 2009 Expansion from the 2008-09 Recession,
and its Impact on Tax Revenues.
The theory of the Super Region is that by creating
a larger, cooperative regional economy
l ti i l
– the new whole will produce more than the sum of it’s old parts –
Translating into more jobs
5. How can Louisville and Lexington
How can Louisville and Lexington
become stronger economic partners?
What are some differences?
What are some shared strengths?
What are some shared strengths?
What can happen in the short term to
get things moving?
9. Combing these two regions would create an
g g
economy with a GDP larger than Nashville
34 Milwaukee‐Waukesha‐West Allis, WI ‐ $ 82,692,000,000
35 Virginia Beach‐Norfolk‐Newport News, VA‐NC ‐ $ 79,600,000,000
36 Hartford‐West Hartford‐East Hartford, CT ‐ $ 79,424,000,000
H tf d W t H tf d E t H tf d CT $ 79 424 000 000
37 Bridgeport‐Stamford‐Norwalk, CT ‐ $ 78,805,000,000
38 Austin‐Round Rock‐San Marcos, TX ‐ $ 78,426,000,000
Louisville‐Lexington Super Region
$ ,
$77,964,000,000
, ,
39 San Antonio‐New Braunfels, TX ‐ $ 77,712,000,000
40 Nashville‐Davidson‐Murfreesboro‐Franklin, TN ‐ $ 75,764,000,000
41 New Orleans‐Metairie‐Kenner, LA ‐ $68,008,000,000
11. Employment Trends, Manufacturing & Health Services
Louisville KY-IN MSA 2001 - 2008
92,240
92 240
Manufacturing Jobs
78,003
75,517
Health Care and Social
Assistance Jobs
64,563
Source: Bureau of Economic Analysis
13. Industry Sectors
Industry Sectors
for Complimentary Growth
Our regions both build high quality
Our regions both build high quality
vehicles and contain many important
links in vehicle parts supply chains
links in vehicle parts supply chains
The combined region contains the Napa
The combined region contains the Napa
Valley of Bourbon
14.
15. LOU‐LEX SUPER REGION: THE NAPA VALLEY OF BOURBON
2010 Kentucky Distillers' Association
“They’re [KY Distillers] priming for continued growth — not just in consumption as more and more people around
They re [KY Distillers] priming for continued growth — not just in consumption, as more and more people around
the world appreciate a fine, aged American whiskey, but also in tourism, as more and more people around the
world start to view the triangle between Louisville, Frankfort and Bardstown like Napa Valley.” ‐‐
DrinkBoston.com, 2010
16.
17. Criticism of the Super Region?
Criticism of the Super Region?
“while it’s possible to have similar businesses along a
vast corridor — like Silicon Valley in California…
…there s
…there’s so much undeveloped countryside between
Louisville and Lexington that it’s hard to consider it a
single region”
This criticism presupposes that the Super Region
would be have to be a fully built-out, uninterrupted
urban corridor between Lexington & Louisville
