Insider News Roundup: GLI nears $7.5M 2020 campaign goal; TEG Architects names leadership team; renting near good schools; and more
GLI inches toward fundraising goal for 2020 campaign
GLI is getting closer to its goal of raising $7.5 million for its 2020 campaign, standing now at $6 million as of July 1, according to an announcement Monday.
Greater Louisville Inc. president and CEO Kent Oyler said more than 160 companies had contributed so far. The bulk of the remaining funds to reach the goal are expected to come from grants, but contributions to the campaign are still being accepted.
The GLI campaign for 2020 is focused on regional economic growth through recruiting new businesses and jobs, growing and retaining workforce and advocating for a strong regional business environment.
Specific goals include attracting 5,000 new high-wage jobs, plus another 6,000 economically induced jobs while doubling the number of sustainable startups. In addition, the plan’s five-year goal is to increase the region’s working-age population by 38,000 and increase the number of degreed adults in the region by 18,000.
“The investments made in this campaign will have a critical payoff for the region that will move business, economic development and population growth forward,” the GLI campaign chair Bill Samuels Jr. said in the announcement. —Kevin Gibson
TEG Architects names new leadership team
Jeffersonville-based TEG Architects has named as managing partners Thresa Estopinal, Kevin Russell, Ernie Dreher, John Sprouls and Jared Burt.
Thresa Estopinal, who co-founded the firm 30 years ago, will handle human resources and finances. The remaining four partners, who have a combined 69 years of experience, will lead design and construction administration, the firm said in a news release.
The firm named the new leadership team because the firm’s president and co-founder, Wayne Estopinal, died late last year in a plane crash. The board of his alma mater, Ball State University, recently approved renaming its design college the R. Wayne Estopinal College of Architecture and Planning. Estopinal also co-founded Louisville City FC. —Boris Ladwig
Where should renting parents look in Louisville for top school proximity?
It’s one thing to rent an apartment when you’re single or even married and childless. But having school-age children makes proximity to better schools a priority. So where should renting parents in Louisville look?
A new study by RentCafe.com shows Louisville at No. 20 on its list of larger cities with top-rated elementary and middle schools, as defined by a school having a ranking of 8 or higher by GreatSchools.org. The Rent.com study shows Louisville as having 13 schools that qualify, or 12 percent of the city’s schools.
The standout ZIP code for renting affordably in proximity to those schools is 40216, which includes Schaffner Elementary School in Shively and where rents average $666 monthly. Additionally, the 40291 ZIP code includes Wheeler Elementary School in Fern Creek, where rents average $876, according to RentCafe.com.
By contrast, the highest rents in ZIP codes with top-rated schools are 40204, which includes Field Elementary and Jefferson County Traditional Middle schools with top rankings ($1,293 monthly); 40217, with Audubon Traditional Elementary ($1,255), and 40202, which includes J. Graham Brown School ($1,212). —Kevin Gibson
Visualization shows peak earnings by age in Louisville
A new report from Kathleen Bolter of KentuckianaWorks shows that the earnings trajectory of workers is largely determined by age 35 with few changes in compensation once an individual reaches a senior-level role.
In her report, Bolter, deputy director of Labor Market Intelligence, visualized Louisville earnings of full-time workers by age group and found that by the time full-time workers reached 40, they had a 50/50 shot of earning over $50,000 a year. Men are more likely to reach this goal than women, she wrote.
Just over 10% of full-time workers in Louisville earn over $100,000. The percentage of over 100K workers climbs until just under age 40 and then levels off, Bolter found.
Separately, in its monthly labor snapshot, KentuckianaWorks reported that the latest unemployment rate is 3.6% for the Louisville MSA, compared to 4% at the same time last year. —Mickey Meece
El Taco Luchador is opening in a fourth location in Jefferstown on July 17, according to the Olé Hospitality Group. The restaurant at 9204 Taylorsville Road includes a full bar and outdoor patio.
Olmstead Park Conservancy said it is offering free walking tours of Iroquois Park this month by Certified Tour Guide Denise Davis – who previously gave tours at New York’s Central Park.
KFC employees will volunteer Tuesday to cook 1,000 meals for various local organizations including the Cathedral of the Assumption, St. Joe’s Children’s Orphanage, Center for Women and Families, Neighborhood House, Boys and Girls Haven and more, the company announced. Meals will be cooked in the Louisville Restaurant Support Center at 1900 Colonel Sanders Lane.
This post has been corrected to reflect that GLI has raised $6 million as of July 1.