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Economic Development

Our Mission

A world-class Economic Development Department committed to attracting and growing business and cultivating relationships that together create a thriving business environment.

Performance Improvement Summary

Economic Development’s primary focuses include the attraction of businesses to Louisville, expansion of the city’s existing businesses, and small business development.  The department, formerly known as Economic Growth & Innovation, was part of a groundbreaking reorganization in July 2014 that resulted in the creation of Louisville Forward.  Economic Development has explored several metrics related to attraction and expansion and has chosen the number of new jobs created and the average wage of those new jobs, for both completed deals and potential deals in the pipeline, as KPI’s to measure attraction and expansion efforts.  Identifying the most meaningful metrics for the department is challenging due to macro-economic factors affecting the local economy being outside of the control of the department.  Also, a primary component of the work of Economic Development is relationship-building, thus making it more difficult to measure performance.

Economic Development is rising to the challenge of finding the most appropriate and meaningful metrics.  Based on research and to align more closely with other economic metrics, the department changed from measuring its metrics monthly to quarterly.  Economic Development is improving the way it tracks information about its work by utilizing SalesForce, a software system that helps track economic information about the Economic Development team’s projects.  The department is currently reviewing the data collected in SalesForce and is discussing ways to improve data collection and analysis.

Statistics Archive

Metrics

Economic Development KPIs
Measure Current Level Goal Level YTD Statussort descending PDF
Completed Medium to Large Deals- Expansion: Average Wage $ 51,670 $ 46,511
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PDF icon ED LouieStat KPI Report Forum 14 (2) 9.pdf
Medium to Large Deals in Pipeline- Attraction: Total # Jobs 10,009 jobs 1,320 jobs
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PDF icon ED LouieStat KPI Report Forum 14 (2) 10.pdf
Medium to Large Deals in Pipeline- Attraction: Average Wage $ 54,787 $ 46,889
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PDF icon ED LouieStat KPI Report Forum 14 (2) 11.pdf
Medium to Large Deals in Pipeline- Expansion: Total # Jobs 11,466 jobs 3,080 jobs
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PDF icon ED LouieStat KPI Report Forum 14 (2) 12.pdf
Medium to Large Deals in Pipeline- Expansion: Average Wage $ 49,674 $ 46,889
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PDF icon ED LouieStat KPI Report Forum 14 (2) 13.pdf
Completed Medium to Large Deals-Attraction: Total # Jobs 1,552 jobs 860 jobs
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PDF icon ED LouieStat KPI Report Forum 14 (2) 6.pdf
Completed Medium to Large Deals- Attraction: Average Wage $ 46,876 $ 46,511
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PDF icon ED LouieStat KPI Report Forum 14 (2) 7.pdf
Completed Medium to Large Deals- Expansion: Total # Jobs 3,099 jobs 2,000 jobs
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PDF icon ED LouieStat KPI Report Forum 14 (2) 8.pdf
Jobs Created from Closed METCO Loans 81 jobs 100 jobs
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PDF icon ED LouieStat KPI Report Forum 14 (2) 14.pdf
Leverage $ 14,061,905 $ 24,000,000
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PDF icon ED LouieStat KPI Report Forum 14 (2) 15.pdf
Amount of Closed METCO Loans $ 2,042,966 $ 3,000,000
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PDF icon ED LouieStat KPI Report Forum 14 (2) 16.pdf
Percent of METCO Loans Past Due 90 days 11.26 % 0.4 %
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PDF icon ED LouieStat KPI Report Forum 14 (2) 18.pdf
Percent of METCO Loans Past Due 30 days 1.3 % 0.3 %
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PDF icon ED LouieStat KPI Report Forum 14 (2) 17.pdf
Fleet & Facilities
Measure Current Level Goal Level YTD Statussort descending PDF
Hours Lost 0 Hours 0 Hours
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PDF icon ED LouieStat KPI Report Forum 14 (2) 4.pdf
Lost Time Injury Rate 1.79 LTI Rate 0.00 LTI Rate
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PDF icon ED LouieStat KPI Report Forum 14 (2) 5.pdf
Overtime Expenditures $ 14 $ 0
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PDF icon ED LouieStat KPI Report Forum 14 (2) 1.pdf
Overtime Hours 0.5 Hours 0 Hours
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PDF icon ED LouieStat KPI Report Forum 14 (2) 2.pdf
Hours Not Worked 476 Hours 422 Hours
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PDF icon ED LouieStat KPI Report Forum 14 (2) 3.pdf

Legend

  • Performance Meets Goal
  • Performance Approaching Goal
  • Performance Off Goal
  • Non-Scored / Informational
  • Goal Not Set