{"id":8288,"date":"2022-04-27T12:34:04","date_gmt":"2022-04-27T16:34:04","guid":{"rendered":"https:\/\/www.greaterlouisville.com\/?p=8288"},"modified":"2022-04-27T12:34:04","modified_gmt":"2022-04-27T16:34:04","slug":"op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete","status":"publish","type":"post","link":"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/","title":{"rendered":"OP-ED: New pro-growth policies make Louisville equipped to compete"},"content":{"rendered":"<p><em>This article originally appeared in <a href=\"https:\/\/www.bizjournals.com\/louisville\/news\/2022\/04\/27\/new-pro-growth-policies-help-kentucky.html?ana=TRUEANTHEMTWT_LO&amp;csrc=6398&amp;taid=62694c6ce7253e0001999629&amp;utm_campaign=trueAnthem%3A+Trending+Content&amp;utm_medium=trueAnthem&amp;utm_source=twitter\" class=\"external\" target=\"_blank\">Louisville Business First<\/a> on April 27, 2022<\/em><\/p>\n<p class=\"content__segment combx paywall__content\">A shortage of qualified and skilled talent is the biggest threat to Greater Louisville\u2019s growth. It is a problem that is decades in the making and addressing underlying causes of lagging workforce participation is only one part of the solution.<\/p>\n<p class=\"content__segment combx paywall__content\">The reality is Kentucky is a state of just over 4 million individuals. And while greater Louisville makes up over one fourth of the state\u2019s total population, our rate of growth is falling far behind that of our peer cities.<\/p>\n<aside class=\"inset inset--major\">\n<div id=\"cxense_in_content_link\">Population is a limiting factor for our economic growth. Even by fully engaging every working-aged individual in the state, we still may not have enough people to fill the potential jobs we are working to attract. That\u2019s why talent attraction is critical.<\/div>\n<\/aside>\n<div>\n<div>\n<div class=\"chunk chunk--flex@lg\" data-v-b7ac721e=\"\">\n<div class=\"primary@lg u-has-tertiary\" data-v-b7ac721e=\"\">\n<div class=\"content cXenseParse\" data-v-b7ac721e=\"\">\n<p class=\"content__segment combx paywall__content\">In the age of remote work and the post-pandemic mindset that work is not tied to a specific location, it has never been more important for our region to market itself and differentiate our assets. That\u2019s the goal of our Live in Lou campaign and we have found that Greater Louisville\u2019s low cost of living relative to other large metropolitan areas makes our region extremely attractive to emerging talent.<\/p>\n<p class=\"content__segment combx paywall__content\">Couple that with our thriving arts and culture scene, amenities and civic engagement opportunities and we really should be seeing explosive growth.<\/p>\n<p class=\"content__segment combx paywall__content\">So, what is the missing ingredient that our neighbors like Nashville and Indianapolis have included in their recipe for success?<\/p>\n<p class=\"content__segment combx paywall__content\">The answer can be found in our antiquated tax policies, which make it hard to compete with many of our neighbors for talent. For far too long, we have been losing talent to Indiana, which recently passed legislation to drop its personal income tax rate below 3% before the end of the decade, and Tennessee, which fully eliminated its personal income tax.<\/p>\n<p class=\"content__segment combx paywall__content\">With an income tax rate sitting at 5%, we have one of the highest state income tax rates in the region. <img loading=\"lazy\" decoding=\"async\" class=\" wp-image-6728 alignright\" src=\"http:\/\/www.greaterlouisville.com\/wp-content\/uploads\/SDW_2-600x439.jpg\" alt=\"\" width=\"482\" height=\"353\" \/><\/p>\n<p class=\"content__segment combx paywall__content\">A person could move to Tennessee and make 5% more for the same job available in Louisville. This is also a deterrent for businesses looking to relocate or expand, especially those with high-paying and executive level positions.<\/p>\n<p class=\"content__segment combx paywall__content\">Fortunately, the Kentucky General Assembly took bold action to help our region better compete with peer markets this session. Through House Bill 8, which was a top GLI priority from GLI\u2019s legislative agenda that has been signed into law, Kentucky\u2019s state personal income tax will be lowered in increments of .5% until it is eventually eliminated. The legislation also includes important safeguards to ensure the state remains financially stable in the process. Many groups supported this pro-growth legislation, and we are pleased to see it cross the finish line.<\/p>\n<\/div>\n<\/div>\n<div class=\"secondary@lg u-flex-justify-start\" data-v-b7ac721e=\"\">\n<div class=\"c1-ad-sticky\" data-v-b7ac721e=\"\">\n<aside class=\"inset inset--major hidden--print\" data-v-b7ac721e=\"\">\n<div class=\"x-module x-module-stack-l\" data-v-b7ac721e=\"\">\n<div class=\"ad-container ad-container--in-inset\" data-v-b7ac721e=\"\">\n<div id=\"c1_1\" class=\"gpt ad\" data-v-b7ac721e=\"\" data-position=\"c1\" data-priority=\"1\" data-sizes=\"[[300,600],[300,250],[320,50]]\" data-mapping=\"[[[300,600],[300,250]],[[300,600],[300,250]],[[300,250]]]\" data-params=\"{&quot;set&quot;:1}\" data-google-query-id=\"CKmC27e2tPcCFe6wAAAdLWUCrw\">\n<div id=\"google_ads_iframe_\/4635\/bzj.louisville\/c1\/news\/1_0__container__\">The legislation will keep more hard-earned dollars in workers\u2019 pockets, and that is a major selling point in marketing Greater Louisville to prospective talent and businesses.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<div class=\"chunk chunk--flex@lg\" data-v-b7ac721e=\"\">\n<div class=\"primary@lg u-has-tertiary\" data-v-b7ac721e=\"\">\n<div class=\"content cXenseParse\" data-v-b7ac721e=\"\">\n<p class=\"content__segment combx paywall__content\">Local tax reform is a key component of comprehensive tax reform. The Kentucky Constitution currently limits the powers of both the state legislature and local municipalities to diversify their revenue streams. Occupational taxes remain the primary revenue generator in Greater Louisville. By limiting avenues for revenue generation, local governments are strained and unable to invest in the quality-of-life assets that are critical to growing a thriving community and economy.<\/p>\n<p class=\"content__segment combx paywall__content\">We were optimistic about the positive momentum of House Bill 475, which would give Kentuckians the opportunity to vote on amending the Kentucky Constitution to allow for local tax reform. While the legislation did not make it across the finish line in 2022, we are hopeful it will be a priority in the future legislative sessions to build on the bold reforms enacted this year. These changes coupled with the substantial investments made in infrastructure and community assets in the biennial budget will put our community on the path to continued growth and success.<\/p>\n<p class=\"content__segment combx paywall__content\">Tax reforms are about more than a few extra dollars in a paycheck. They are about signaling that Kentucky is ready and able to compete with peer markets by embracing pro-growth policies. It is these policies that will bring the best and the brightest to Kentucky and keep them here.<\/p>\n<p class=\"content__segment combx paywall__content\"><em>\u2014 Sarah Davasher-Wisdom is president and CEO of Greater Louisville Inc.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><!--more--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This article originally appeared in Louisville Business First on April 27, 2022 A shortage of qualified and skilled talent is the biggest threat to Greater Louisville\u2019s growth. It is a problem that is decades in the making and addressing underlying causes of lagging workforce participation is only one part of&#8230;<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8288","post","type-post","status-publish","format-standard","hentry","category-general"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OP-ED: New pro-growth policies make Louisville equipped to compete &ndash; One Louisville<\/title>\n<meta name=\"description\" content=\"This article originally appeared in Louisville Business First on April 27, 2022 A shortage of qualified and skilled talent is the biggest threat to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OP-ED: New pro-growth policies make Louisville equipped to compete &ndash; One Louisville\" \/>\n<meta property=\"og:description\" content=\"This article originally appeared in Louisville Business First on April 27, 2022 A shortage of qualified and skilled talent is the biggest threat to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/\" \/>\n<meta property=\"og:site_name\" content=\"One Louisville\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/GLIchamber\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-27T16:34:04+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.greaterlouisville.com\/wp-content\/uploads\/SDW_2-600x439.jpg\" \/>\n<meta name=\"author\" content=\"Alana Turner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GLIChamber\" \/>\n<meta name=\"twitter:site\" content=\"@GLIChamber\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alana Turner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/\"},\"author\":{\"name\":\"Alana Turner\",\"@id\":\"https:\/\/www.greaterlouisville.com\/#\/schema\/person\/19f598e08fc40e4bbfa34d518831e5e7\"},\"headline\":\"OP-ED: New pro-growth policies make Louisville equipped to compete\",\"datePublished\":\"2022-04-27T16:34:04+00:00\",\"dateModified\":\"2022-04-27T16:34:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/\"},\"wordCount\":709,\"publisher\":{\"@id\":\"https:\/\/www.greaterlouisville.com\/#organization\"},\"articleSection\":[\"General\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/\",\"url\":\"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/\",\"name\":\"OP-ED: New pro-growth policies make Louisville equipped to compete &ndash; One Louisville\",\"isPartOf\":{\"@id\":\"https:\/\/www.greaterlouisville.com\/#website\"},\"datePublished\":\"2022-04-27T16:34:04+00:00\",\"dateModified\":\"2022-04-27T16:34:04+00:00\",\"description\":\"This article originally appeared in Louisville Business First on April 27, 2022 A shortage of qualified and skilled talent is the biggest threat to\",\"breadcrumb\":{\"@id\":\"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.greaterlouisville.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"OP-ED: New pro-growth policies make Louisville equipped to compete\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.greaterlouisville.com\/#website\",\"url\":\"https:\/\/www.greaterlouisville.com\/\",\"name\":\"One Louisville\",\"description\":\"Accelerating Economic Inclusion &amp; Opportunity for All\",\"publisher\":{\"@id\":\"https:\/\/www.greaterlouisville.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.greaterlouisville.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.greaterlouisville.com\/#organization\",\"name\":\"One Louisville\",\"url\":\"https:\/\/www.greaterlouisville.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.greaterlouisville.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.greaterlouisville.com\/wp-content\/uploads\/cropped-Untitled-design-24.png\",\"contentUrl\":\"https:\/\/www.greaterlouisville.com\/wp-content\/uploads\/cropped-Untitled-design-24.png\",\"width\":391,\"height\":150,\"caption\":\"One Louisville\"},\"image\":{\"@id\":\"https:\/\/www.greaterlouisville.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/GLIchamber\/\",\"https:\/\/twitter.com\/GLIChamber\",\"https:\/\/www.instagram.com\/glichamber\/\",\"https:\/\/www.linkedin.com\/company-beta\/30269\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.greaterlouisville.com\/#\/schema\/person\/19f598e08fc40e4bbfa34d518831e5e7\",\"name\":\"Alana Turner\",\"url\":\"https:\/\/www.greaterlouisville.com\/author\/aturner\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"OP-ED: New pro-growth policies make Louisville equipped to compete &ndash; One Louisville","description":"This article originally appeared in Louisville Business First on April 27, 2022 A shortage of qualified and skilled talent is the biggest threat to","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/","og_locale":"en_US","og_type":"article","og_title":"OP-ED: New pro-growth policies make Louisville equipped to compete &ndash; One Louisville","og_description":"This article originally appeared in Louisville Business First on April 27, 2022 A shortage of qualified and skilled talent is the biggest threat to","og_url":"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/","og_site_name":"One Louisville","article_publisher":"https:\/\/www.facebook.com\/GLIchamber\/","article_published_time":"2022-04-27T16:34:04+00:00","og_image":[{"url":"http:\/\/www.greaterlouisville.com\/wp-content\/uploads\/SDW_2-600x439.jpg"}],"author":"Alana Turner","twitter_card":"summary_large_image","twitter_creator":"@GLIChamber","twitter_site":"@GLIChamber","twitter_misc":{"Written by":"Alana Turner","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/#article","isPartOf":{"@id":"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/"},"author":{"name":"Alana Turner","@id":"https:\/\/www.greaterlouisville.com\/#\/schema\/person\/19f598e08fc40e4bbfa34d518831e5e7"},"headline":"OP-ED: New pro-growth policies make Louisville equipped to compete","datePublished":"2022-04-27T16:34:04+00:00","dateModified":"2022-04-27T16:34:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/"},"wordCount":709,"publisher":{"@id":"https:\/\/www.greaterlouisville.com\/#organization"},"articleSection":["General"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/","url":"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/","name":"OP-ED: New pro-growth policies make Louisville equipped to compete &ndash; One Louisville","isPartOf":{"@id":"https:\/\/www.greaterlouisville.com\/#website"},"datePublished":"2022-04-27T16:34:04+00:00","dateModified":"2022-04-27T16:34:04+00:00","description":"This article originally appeared in Louisville Business First on April 27, 2022 A shortage of qualified and skilled talent is the biggest threat to","breadcrumb":{"@id":"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.greaterlouisville.com\/general\/op-ed-new-pro-growth-policies-make-louisville-equipped-to-compete\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.greaterlouisville.com\/"},{"@type":"ListItem","position":2,"name":"OP-ED: New pro-growth policies make Louisville equipped to compete"}]},{"@type":"WebSite","@id":"https:\/\/www.greaterlouisville.com\/#website","url":"https:\/\/www.greaterlouisville.com\/","name":"One Louisville","description":"Accelerating Economic Inclusion &amp; Opportunity for All","publisher":{"@id":"https:\/\/www.greaterlouisville.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.greaterlouisville.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.greaterlouisville.com\/#organization","name":"One Louisville","url":"https:\/\/www.greaterlouisville.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.greaterlouisville.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.greaterlouisville.com\/wp-content\/uploads\/cropped-Untitled-design-24.png","contentUrl":"https:\/\/www.greaterlouisville.com\/wp-content\/uploads\/cropped-Untitled-design-24.png","width":391,"height":150,"caption":"One Louisville"},"image":{"@id":"https:\/\/www.greaterlouisville.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/GLIchamber\/","https:\/\/twitter.com\/GLIChamber","https:\/\/www.instagram.com\/glichamber\/","https:\/\/www.linkedin.com\/company-beta\/30269\/"]},{"@type":"Person","@id":"https:\/\/www.greaterlouisville.com\/#\/schema\/person\/19f598e08fc40e4bbfa34d518831e5e7","name":"Alana Turner","url":"https:\/\/www.greaterlouisville.com\/author\/aturner\/"}]}},"_links":{"self":[{"href":"https:\/\/www.greaterlouisville.com\/wp-json\/wp\/v2\/posts\/8288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.greaterlouisville.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.greaterlouisville.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.greaterlouisville.com\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.greaterlouisville.com\/wp-json\/wp\/v2\/comments?post=8288"}],"version-history":[{"count":0,"href":"https:\/\/www.greaterlouisville.com\/wp-json\/wp\/v2\/posts\/8288\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.greaterlouisville.com\/wp-json\/wp\/v2\/media?parent=8288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.greaterlouisville.com\/wp-json\/wp\/v2\/categories?post=8288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.greaterlouisville.com\/wp-json\/wp\/v2\/tags?post=8288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}