Louisville Economic Development Alliance to be tasked with helping business grow
LIVE IN THE STUDIO TO GIVE US AN INSIGHT. MARK. YEAH, VICKI, THE IDEA FOR THIS WAS BORN LAST YEAR WHEN THE MAYOR CONVENED 80 BUSINESS AND COMMUNITY LEADERS TO BRAINSTORM NEW WAYS TO GROW THE LOCAL ECONOMY. BUT A COUPLE OF METRO COUNCIL MEMBERS HAVE EXPRESSED SKEPTICISM AND THERE’S EVEN BEEN AN ETHICS COMPLAINT FILED OVER IT. MAYOR GREENBERG ANNOUNCED TODAY THE LOUISVILLE ECONOMIC DEVELOPMENT ALLIANCE, KNOWN AS LEDA, WILL OFFICIALLY INCORPORATE NEXT WEEK. HE ALSO SAYS HE’LL SOON RELEASE THE NAMES OF MORE THAN 30 PEOPLE WHO WILL SIT ON LITA’S BOARD. WE HEARD A FEW NAMES TODAY. EXECUTIVES FROM UPS AIRLINES, FIFTH THIRD BANK AND AG SUPPLY CHAIN SOLUTIONS, AS WELL AS U OF L PRESIDENT KIM SCHATZEL AND U-K PRESIDENT ELI CAPILOUTO. BUT LAST MONTH, METRO COUNCIL MEMBER JECOREY ARTHUR EXPRESSED FEARS THE NEW AGENCY PRIVATIZES A CITY FUNCTION. AND THIS MONTH, A FORMER CITY EMPLOYEE WROTE AN EMAIL TO THE METRO COUNCIL EXPLAINING THE ETHICS COMPLAINT THAT SHE FILED. SHE CLAIMED LEDA WILL, QUOTE, EXACERBATE EXISTING WEALTH DISPARITIES IN OUR COMMUNITY BY PRIORITIZING THE ATTRACTION OF MEDIUM AND LARGE BUSINESSES TO LOUISVILLE INSTEAD OF SMALL BUSINESSES. TODAY, GREENBERG AND HIS DEPUTY MAYOR FOR ECONOMIC DEVELOPMENT TRIED TO ADDRESS THOSE CONCERNS. THERE’S NOTHING IN THIS THAT CHANGES ANY STATUTE, ANY ORDINANCE, TIFS TAX INCENTIVES. ALL MUST STILL FOLLOW THE SAME PROCESS, WHICH IS GO THROUGH THE LEGISLATIVE PROCESS AND WITH RESPECT TO THE TO THE ETHICS COMMISSION COMPLAINT THAT WAS FILED THAT HAS NO MERIT. OUR ATTORNEYS ARE GOING TO HANDLE THAT. AS YOU CAN TELL FROM TODAY, WE ARE FOCUSED ON MOVING FORWARD. WE, OUR CITY IS NEEDS THIS SORT OF EFFORT, THIS SORT OF PLAN, THIS SORT OF ACTION TO CREATE MORE GOOD PAYING JOBS HERE. NOW, GREENBERG SAYS THAT THE BOARD WILL NAME AN INTERIM CEO THIS SUMMER AND BEGIN A NATIONAL SEARCH. HE HOPES THEY’LL NAME LEDA’S FIRST FULL TIME CEO
Louisville Economic Development Alliance to be tasked with helping business grow
Updated: 6:54 PM EDT Jun 28, 2024
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The new Louisville Economic Development Alliance, or LEDA, will begin taking shape this summer.LEDA will incorporate next week as a 501(c)(6), a common nonprofit structure for chambers of commerce and economic development agencies, said Mayor Craig Greenberg on Friday.The board of directors is expected to meet this summer, name an interim CEO and begin a national search for its first full-time CEO – who will hopefully be in place by the end of the year, he said.Some names on the 30-plus-member board were announced Friday, including:Kim Schatzel, UofL presidentEli Capiluto, UK presidentJim Allen, vice chairman of BairdCondrad Daniels, president of HJI Supply Chain SolutionsKim Halbauer, regional president of Fifth Third Bank KentuckyBill Moore, president of UPS AirlinesThe idea for LEDA was born last year after Greenberg convened 80 business and community leaders to discuss ways to improve economic development.The group is tasked with branding Louisville, attracting new businesses and helping existing businesses access more capital for growth.
LOUISVILLE, Ky. — The new Louisville Economic Development Alliance, or LEDA, will begin taking shape this summer.
LEDA will incorporate next week as a 501(c)(6), a common nonprofit structure for chambers of commerce and economic development agencies, said Mayor Craig Greenberg on Friday.
The board of directors is expected to meet this summer, name an interim CEO and begin a national search for its first full-time CEO – who will hopefully be in place by the end of the year, he said.
Some names on the 30-plus-member board were announced Friday, including:
- Kim Schatzel, UofL president
- Eli Capiluto, UK president
- Jim Allen, vice chairman of Baird
- Condrad Daniels, president of HJI Supply Chain Solutions
- Kim Halbauer, regional president of Fifth Third Bank Kentucky
- Bill Moore, president of UPS Airlines
The idea for LEDA was born last year after Greenberg convened 80 business and community leaders to discuss ways to improve economic development.
The group is tasked with branding Louisville, attracting new businesses and helping existing businesses access more capital for growth.