{"id":9680,"date":"2024-05-10T12:48:39","date_gmt":"2024-05-10T16:48:39","guid":{"rendered":"https:\/\/www.greaterlouisville.com\/?p=9680"},"modified":"2024-05-10T12:57:22","modified_gmt":"2024-05-10T16:57:22","slug":"gli-department-of-economic-development-jointly-recognized-as-top-u-s-economic-development-organizations","status":"publish","type":"post","link":"https:\/\/www.greaterlouisville.com\/press-releases\/gli-department-of-economic-development-jointly-recognized-as-top-u-s-economic-development-organizations\/","title":{"rendered":"GLI, Department of Economic Development jointly recognized as Top U.S. Economic Development Organizations"},"content":{"rendered":"

Organizations awarded Site Selection Magazine\u2019s Mac Conway Award for projects located in 2023<\/em><\/p>\n

LOUISVILLE, KY (May 10, 2024)<\/strong> \u2013 Louisville Metro Government\u2019s Department of Economic Development and Greater Louisville Inc., the metro chamber of commerce, have jointly received the 2024 Mac Conway Award for Excellence in Economic Development from Site Selection Magazine, the leading economic development publication in the U.S.<\/p>\n

The award, which recognizes Top Economic Development Organizations in the country, is based on capital investment and new jobs announced. In 2023, the 15-county region reported $1.8 billion in capital investment and 4,731 new jobs. The majority of those investments and new jobs \u2013 over $1 billion and 2,302 jobs \u2013 are located in Louisville-Jefferson County.<\/p>\n

\u201cWe are committed to taking Louisville in a new direction, and with the Growing Louisville Together<\/em> strategic plan as our guide, our city is better positioned than ever before to accelerate economic growth and secure new, historic investments in our community, affordable housing and public safety. As we begin implementing the plan, we will build upon last year\u2019s economic success to ensure that we are creating new opportunities for people in every neighborhood in our city,\u201d said Mayor Craig Greenberg. \u201cCongratulations to the Department of Economic Development and GLI on this recognition of their work in growing our economy!\u201d\"\"<\/p>\n

The Mayor also thanked other community partners for their role in economic development in the region, including LG&E, Louisville Water, MSD and One Southern Indiana.<\/p>\n

\u201cThe Mac Conway award is a testament to the value of regional collaboration. Over the past 10 years, Greater Louisville\u00a0 Inc. has promoted the benefits of regionalism; through our collaboration with 15 regional partners, including Louisville Metro, we have brought new jobs, investment, and talent to the region,\u201d said Sarah Davasher-Wisdom, president and CEO of GLI. “GLI grew our regional economic development pipeline by more than 93% in 2023, showing the strong momentum for the growth of our regional economy.”<\/p>\n

This is the 10th straight year that Louisville Metro Government\u2019s Department of Economic Development has received the Mac Conway Award and the eighth year in a row that the Department and GLI have shared the award. Earlier this year, Site Selection Magazine also ranked Louisville No. 6 on its list of best U.S. metros for economic development.<\/p>\n

\u201cMore and more companies are considering a city\u2019s quality of place when determining where to locate and expand, and Louisville\u2019s reputation as a welcoming place with a high quality of life and competitive cost of living continues to grow\u201d said Dr. Joshua McKee, interim director for Economic Development. \u201cI am proud of the Department of Economic Development\u2019s hard work as we work together with our partners to bring record jobs and investment to our city.\u201d<\/p>\n

Among the projects that contributed to this award is the location of Stellar Snacks, a new $137 million manufacturing plant creating 350 new jobs \u2013 the largest economic development investment for West Louisville in 20 years. Other projects cited by Site Selection are:<\/p>\n