Empowering Upward Economic Mobility

Encourage and assist local business retention and expansion

5% of existing businesses will expand their operations, facility footprint, and/or increase jobs.

WIN*

FY19 - FY23

Implement new zoning regulations

Adopt a new zoning ordinance that responds to business yet creates a desirable place that people want to live, work, and play.

WIN*

FY19 - FY20

Promote occupancy in all downtown buildings

At least 90% of the downtown buildings will be occupied. Identify current occupancy in FY19.

WIN*

FY19 - FY29

Continue developing the riverfront from the Carson Center to the Convention Center

Entire stretch of the riverfront will be redeveloped to attract tourists, encourage business investment, and mix use development.

High

FY19 - FY29

Maintain all of our commercial corridors

Each commercial district/corridor will be beautified and branded.

High

FY20 - FY25

Identify population loss trend factors, develop and distribute a policy brief on population loss factors, and implement mitigation strategies

To reverse the population loss trend. Gather baseline Census data in 2020.

High

FY20 - FY23

Recruit and incentivize the creation of new targeted industries (Advanced Manufacturing, Creative Industries, Health/Healthcare, High-Tech, Construction Trades, River Industry)

We will see a 25% increase in these targeted business industries. Baseline will be established in FY19.

High

FY19 - FY29

Cultivate local entrepreneurship and innovation

We will be known throughout the region as the leader of business innovation and entrepreneurship.

Medium

FY20 - FY23

Continually add all available sites and buildings to the Select Kentucky Database

All available sites will be added to the Select Kentucky Site.

Medium

FY20 - Ongoing

Partner with local nonprofit agencies to create a local program that helps individuals living in poverty obtain and keep employment

100 participants in a bonafide work program.

Low

FY22 - FY26