Louisville, Ky., will invest less in economic development if the Metro Council approves an $873 million budget proposal from Mayor Greg Fischer. The budget, which would not increase taxation, would reduce economic-development spending to about $15 million in fiscal 2016, from $22.4 million in fiscal 2015. The budget also would fund road repair and improvement of the 911 system.
Catalent Pharma Solutions plans to spend $62 million to expand its facility in Winchester, Ky., to accommodate the demand for oral solid formulations. The firm says the expansion could generate 300 jobs.
Houchens Industries plans to bring its Price Less Foods banner to Louisville, Ky., starting with three locations. The stores, part of the Independent Grocers Alliance, are expected to create about 180 jobs.
Initial findings by NextEra Energy Resources show that Mason County, Ky., has sufficient wind resources to justify building a wind farm, the company told county officials. NextEra has started discussions with property owners in Mason County and neighboring Bracken County, where the company plans to install somewhere between 40 to 70 wind turbines, the executives added. The wind project is expected to bring in more than $180 million in investments to the two counties, the company said.