Tag Archives: Lexington

The Social Side of Gaming

59% of Americans play video games. – Entertainment Software Association

Driven by strong mobile gaming and video game console and software sales, the worldwide video game marketplace is forecast to reach $111 billion by 2015. Thanks to a growing community of local gamers and support from a host of local agencies, including Commerce Lexington and the Lexington Innovation and Commercialization Center, Lexington now has seven full-fledged game development companies that are increasingly bringing those dollars to the Bluegrass.

Last Tuesday, September 30, Commerce Lexington and the Kentucky Cabinet for Economic Development brought seven freelance journalists to town to visit with local game developers at Awesome Inc., the tech business incubator on Main Street. For two hours, journalists played games and interviewed developers, gaining a sense of the excitement and passion surrounding Lexington’s gaming community.

Lexington Gaming
Freelance journalists visit with local game developers at Awesome Inc.

Game development companies located in Lexington include:

Cultivating the local gaming community is Run Jump Dev, a nonprofit that is committed to creating strong game developers and successful companies in the Bluegrass Region. Seeded with raw passion for creating games, Run Jump Dev hosts workshops, networking events, game jams, and helps connect local gaming entrepreneurs to funding and business development opportunities.

Could Lexington soon be known as “The Horse and Video Game Capital of the World?”

– CLX Economic Development Team

Commerce Lexington Update

  • Commerce Lexington released the October 2014 edition of Business Focus
  • One of Lexington’s newest residents, Seamus Carey, Ph.D., Transylvania University’s 26th president, will be headlining Good Morning Bluegrass on Tuesday, October 7th
  • Commerce Lexington will host Senator Mitch McConnell at a Public Policy Luncheon, Friday, October 10th.

Big Ass Fans to Expand in Lexington, Add 150 Jobs

[May 29, 2012] – Kentucky Governor Steve Beshear joined company and local officials to announce that Lexington-based Big Ass Fans will build a 72,000 square-foot facility in Lexington, adding 150 jobs and an $8 million investment.

“I’m delighted to see this expansion and witness the tremendous success of Big Ass Fans, a Kentucky-based company,” Gov. Beshear said. “These new jobs will have a positive impact for the community, creating quality jobs in the Lexington area. I’m glad the Commonwealth could play a role in making this growth possible.”

The expansion includes 56,000 square feet for office space and 16,000 square feet for storage/warehouse space on Jaggie Fox Way in Lexington, where the company has an existing 45,000-square-foot research and testing facility. Big Ass Fans also plans to maintain its Lexington campus location off Winchester Road.

Founded in 1999, the HVLS (High Volume Low Speed) Fan Company changed its name to Big Ass Fans in 2002 and has become a leading manufacturer of ceiling fans for industrial, agricultural, commercial and residential customers. The fans range in size from 5 feet to 24 feet in diameter and use low horsepower motors to generate energy-efficient air movement for large spaces. There are more than 65,000 Big Ass Fans installed worldwide in locations such as manufacturing facilities, distribution centers, horse arenas, dairy barns, stadiums, restaurants, health clubs and homes.

“While our name may be funny, we take our business seriously,” says President of Big Ass Fans, Carey Smith. “Our company’s success can be credited, in large part, to the quality employees we have attracted and maintained in central Kentucky. Combining this pool of talent with products that really work has led to enormous success, which we’re proud to now reinvest back into the community.”

To encourage the investment and job growth in Lexington, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved the company for tax incentives up to $2 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.

KEDFA also approved Big Ass Fans for tax benefits up to $210,000 through the Kentucky Enterprise Initiative Act, which allows approved companies to recoup Kentucky sales and use tax on construction costs, building fixtures, equipment used in research and development, and electronic processing equipment.

“This announcement is good news for Lexington,” said Lexington Mayor Jim Gray. “We’re proud to be home to Big Ass Fans. They bring good jobs to our city, and we have citizens who need those jobs.”

“This is an exciting announcement for central Kentucky,” said Sen. Kathy Stein, of Lexington. “This investment by Big Ass Fans is an investment in our community. The 150 new jobs resulting from this expansion will provide a boost to our local economy and new opportunities for our workforce. Big Ass Fans continues to enhances our position as the prime location for innovative businesses to plant themselves, grow roots and be cultivated into the fertile soil we are developing to be the regional leader in excellence in our new economy. Gov. Beshear shows his continued leadership in job creation to seek out and support this excellent industry. This is the kind of leadership we need and have come to expect from Gov. Beshear. Thank you, Governor.”

“This is great news for our community and one of its signature businesses,” said Rep. Susan Westrom, of Lexington. “I want to thank the company for making this investment, especially for the jobs it will generate, and I’m glad that the state could play a role in helping to make all of this possible. Big Ass Fans has really put Lexington on the map, because of its name and certainly because of its quality work.”

“Commerce Lexington Inc. has always enjoyed working with Big Ass Fans, and we’re thrilled that they are expanding in Lexington,” said Bob Quick, CCE, president and CEO, Commerce Lexington Inc. “Big Ass Fans is a great example of a homegrown company that has an international reach. We’re proud they call Lexington home.”

For more information on Big Ass Fans, visit www.bigassfans.com.