Economic Development – From Ideas to Action

No good idea succeeds simply because it is a good idea. Good ideas must have champions. – Colin Powell

As an economic development agency, Commerce Lexington is charged with creating an environment for the private sector to start new businesses, grow existing businesses, and invest in technology and workforce. We take a collaborative approach to strengthening the community and local economy, generally working behind the scenes to create opportunities, bridge divides, and eliminate barriers to investment and expansion. However, we occasionally have the opportunity to champion projects and lead the way.

A great example is the Blue Grass Business Park. Starting in 1997, Commerce Lexington has worked to develop the 100 acre park, taking bold steps to finance the land and fund infrastructure improvements of water, gas, sewer, and roads. Today, the Blue Grass Business Park is full, and is home to many advanced manufacturing companies employing 1,540 residents with an average annual wage of over $40,000. Per acre, the park generates more than $660,000 in payroll. Click here to learn more about the regional impact of the park.

Blue Grass Business Park

A proactive action-oriented mindset and a clear strategy are musts for effective economic development, and we’re fortunate to have a diverse network of partners and supporters that help move our ideas to action.

– CLX Economic Development Team

Commerce Lexington Update

  • Last week, LM Communications Broadcast Media Group was named 2014 Commerce Lexington Inc. Small Business of the Year during the Salute to Small Business Awards Luncheon presented by Forcht Bank.
  • The Lexington metro was named among the Top 25 Most Educated Cities in America by WalletHub.com
  • Commerce Lexington is hosting a journalist familiarization tour to showcase Lexington’s high-tech entrepreneurial community. They will conclude their day at this week’s Geeks Night Out at the Livery. Join the party for some great networking – register for free.

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