{"id":9944,"date":"2024-12-09T13:21:08","date_gmt":"2024-12-09T18:21:08","guid":{"rendered":"https:\/\/www.greaterlouisville.com\/?p=9944"},"modified":"2024-12-09T13:21:08","modified_gmt":"2024-12-09T18:21:08","slug":"greater-louisville-inc-report-shows-strong-economic-momentum-in-third-quarter","status":"publish","type":"post","link":"https:\/\/www.greaterlouisville.com\/press-releases\/greater-louisville-inc-report-shows-strong-economic-momentum-in-third-quarter\/","title":{"rendered":"Greater Louisville Inc. Report Shows Strong Economic Momentum in Third Quarter"},"content":{"rendered":"<p><strong>Louisville, Ky.<\/strong>\u00a0(December 9, 2024) \u2013 Greater Louisville Inc. (GLI) released its quarterly Economic Summary report which revealed strong results through the third quarter of 2024. The regional project pipeline remains steady and nine projects have landed year to date, representing over $29 million in capital investment.<\/p>\n<p>GLI\u2019s Economic Summary is released each quarter and highlights regional and national economic trends, along with updates on GLI\u2019s regional economic development pipeline. At the end of the third quarter, GLI\u2019s regional project pipeline included 67 active projects representing at least 6,100 potential new jobs and $2.9 billion in potential investment for the region. This is a conservative estimate, as many companies disclose the investment and job numbers late in the process. Among these projects, 41 are attraction projects and 26 are expansion projects.<\/p>\n<p>\u201cOur economic development prospects continue to grow and are truly a testament to the competitive advantages our region offers,\u201d said Sarah Davasher-Wisdom, president and CEO of GLI. \u201cThis year our team has intentionally focused on diversifying our project pipeline by adding more business services prospects that can fill vacant office space. I am looking forward to seeing those efforts pay off in the year ahead.\u201d<\/p>\n<p>Key takeaways from the report include:<\/p>\n<ul>\n<li>The Bureau of Labor Statistics reported that the unemployment rate for the Louisville MSA was 4.3% in September, slightly down from 4.4% in the second quarter of 2024 and equal to the rate in the first quarter of 2024. The Louisville MSA continues to stay in alignment with national unemployment trends.<\/li>\n<li>In September, the national economy added 254,000 jobs, surpassing the past year\u2019s average of 203,000 jobs per month and well above the anticipated 150,000.<\/li>\n<li>At the end of August, there were just over 8 million job openings, an increase of 329,000 from July.<\/li>\n<li>While the labor market has loosened slightly, it remains strong. Businesses continue to add workers and employees remain confident in their ability to leave current jobs and find better opportunities.<\/li>\n<\/ul>\n<p>The report also includes a recap of GLI\u2019s annual <a href=\"https:\/\/www.greaterlouisville.com\/press-releases\/national-site-selectors-discuss-promising-economic-opportunities-in-greater-louisville\/\">Familiarization (\u201cFAM\u201d) Tour<\/a> where nine national site selectors went on an immersive tour of the region and learned about the assets that could benefit their current and future clients, as well as a recap of GLI\u2019s final \u00a0<a href=\"https:\/\/www.stlouisfed.org\/from-the-president\/remarks\/2024\/musalem-fireside-chat-august-lvl\" class=\"external\" target=\"_blank\">Regional Economic Development Update<\/a> of 2024, which featured a discussion on the U.S. economy and monetary policy with the Federal Reserve Bank of St. Louis.<\/p>\n<p>To view the full report, <a href=\"https:\/\/www.greaterlouisville.com\/wp-content\/uploads\/DRAFT-Q3-2024-ED-Quarterly-Report.pdf\">click here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Louisville, Ky.\u00a0(December 9, 2024) \u2013 Greater Louisville Inc. (GLI) released its quarterly Economic Summary report which revealed strong results through the third quarter of 2024. The regional project pipeline remains steady and nine projects have landed year to date, representing over $29 million in capital investment. GLI\u2019s Economic Summary is&#8230;<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-9944","post","type-post","status-publish","format-standard","hentry","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Greater Louisville Inc. Report Shows Strong Economic Momentum in Third Quarter &ndash; One Louisville<\/title>\n<meta name=\"description\" content=\"Louisville, Ky.\u00a0(December 9, 2024) \u2013 Greater Louisville Inc. (GLI) released its quarterly Economic Summary report which revealed strong results through\" \/>\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\/press-releases\/greater-louisville-inc-report-shows-strong-economic-momentum-in-third-quarter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Greater Louisville Inc. Report Shows Strong Economic Momentum in Third Quarter &ndash; One Louisville\" \/>\n<meta property=\"og:description\" content=\"Louisville, Ky.\u00a0(December 9, 2024) \u2013 Greater Louisville Inc. 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