Director's Take

Downtown Economic Impact Report

01-31-2022

Last week we released a new economic impact report showing what Downtown means for our community and region. Downtown represents 0.34% of Jefferson County’s land area and it far outpunches its weight: compared to the rest of the county, Downtown includes 13% of all workers, 63% of all visitors, 60% of museums, 43% of leasable office; and 36% of hotel rooms. Annual wages and salaries of Downtown workers are nearly $20,000 more than the average county-wide wage, generating $4.5 billion in income. 

As the region’s largest employment and attractions centers and where $1 billion of investment is announced or underway, it is clear that this important neighborhood is unique and critical to the economic health of the whole community.

Indeed, through this report, in addition to the nearly 5,000 people who live downtown, we were able to see that people from every corner of the city and beyond either work in the downtown area or visit attractions, go to restaurants, or attend events or festivals.

Even as employers decide what to do about their workforce returning to the office (you should definitely return), and some naysayers wonder about the future of Downtown, Downtown is very healthy. The activity and investment indicate a rebound and strong future for Downtown. Whether you live in the ‘burbs or in edge neighborhoods, we should all recognize that the vibrancy and success of Louisville depends on the vibrancy and success of Downtown. Help me spread some optimism about Downtown.