News & Events

Gov. Beshear Celebrates Grand Opening for Tempur-Pedic’s Global Headquarters in Lexington


LEXINGTON, Ky. (Feb. 13, 2013) – Governor Steve Beshear today joined local and company officials at Tempur-Pedic (NYSE: TPX), marking the company’s 20th anniversary in Lexington and celebrating the grand opening for the company’s new global headquarters at the University of Kentucky's Coldstream Research Campus. The project will create 65 new jobs, retain more than 230 jobs, and represent a $17 million investment.

 

“Tempur-Pedic has been helping the world sleep better now for two decades, and we’re extremely proud to have such a world-class company headquartered here in Lexington,” said Gov. Beshear. “This new global headquarters means top-quality jobs, a $17 million investment and an innovatively designed building that represents the forward thinking approach that has made Tempur-Pedic a leader in its field.”

 

Tempur-Pedic began in Lexington in 1993 and has grown to include 1,950 employees worldwide, selling products in more than 80 countries with more than $1 billion in sales.

 

The company’s new 128,000-square-foot facility is located on Tempur Way in the Coldstream Research Campus. Nearly all of the building materials can be recycled, with water-saving and energy conservation features, as well as electric plugs available in the parking lot for electric cars. The facility also includes health and wellness benefits such as a café that serves fresh food from local farms, fitness rooms, yoga classes, bikes and bike racks to be installed this spring to encourage use of the nearby Legacy Trail.  

 

“Our new global headquarters was designed to provide an invigorating place to work, filled with natural light and open spaces, and with a layout that encourages collaboration and team interaction,” said Mark Sarvary, president and chief executive officer of Tempur-Pedic International Inc. “Now that we’ve lived in it for a few months I am delighted to say that it has delivered on all of this and more. As we moved from our old headquarters, we reflected on our history and the path that led Lexington-based Tempur-Pedic to become one of the largest global bedding companies. Tempur-Pedic has undeniably changed the industry, but the journey is far from complete and our new building symbolizes the next phase of our journey,”

 

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 $8 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. 

 

“This is an exciting announcement for central Kentucky,” said Sen. Kathy Stein, of Lexington. “Tempur-Pedic’s investment in our community will offer 65 new jobs that will provide a boost to our local economy and new opportunities for our workforce. Tempur-Pedic is exactly the kind of creative business that we want here in Lexington, and we are also pleased to have its global headquarters. Gov. Beshear shows his continued leadership in job creation to seek out and support this excellent industry expansion. Thank you, Governor.”

 

“This is a great day both for Tempur-Pedic and for our community, and I’m certainly happy that our state and local officials could work with the company to help make this expansion possible,” said Rep. Jesse Crenshaw, of Lexington. “What makes this investment even better is that Tempur-Pedic is a homegrown company that has become a world leader in its field. It’s a true Kentucky success story.”

 

“We have been working hard to bring and keep corporate headquarters in Lexington,” said Lexington Mayor Jim Gray. “Tempur-Pedic, we’re glad you’re staying here. Headquarters bring strong leaders and problem solvers who can help us build a Great American City. Headquarters support and strengthen our efforts to grow good-paying jobs.”

 

“Commerce Lexington Inc. is proud to have Tempur-Pedic’s global headquarters in Lexington,” said Bob Quick, CCE, president and CEO of Commerce Lexington Inc. “We’re excited to be a part of the grand opening celebration of this iconic brand’s new headquarters building in Lexington.”

 

For more information on Tempur-Pedic, visit www.tempurpedic.com.

 

Information on Kentucky’s economic development efforts and programs is available at www.ThinkKentucky.com. Fans of the Cabinet for Economic Development can also join the discussion on Facebook at www.Facebook.com/ThinkKentucky or follow on Twitter at www.Twitter.com/ThinkKentucky.

 

A detailed community profile for Lexington (Fayette County) can be viewed at http://www.thinkkentucky.com/EDIS/cmnty/index.aspx?cw=053.

 

Contact:

Kerri Richardson

502.564.2611

502.330.6633

 

Terry Sebastian

502.564.2611

502.229.6130

 

Mandy Lambert

502.564.4886

Foundations Fund National Education Reform Program at UK


 

LEXINGTON, Ky. (Feb. 11, 2013) — The National Center for Innovation in Education is being established at the University of Kentucky College of Education and will be located on the Coldstream Research Campus with funding from two of the country's leading foundations -- the Bill & Melinda Gates Foundation and the William and Flora Hewlett Foundation.

 

The center will be directed by Gene Wilhoit, a former Kentucky Department of Education commissioner who is a highly regarded figure in national education circles.  Wilhoit most recently spent six years as director of the Council of Chief State School Officers (CCSSO) in Washington D.C. During his tenure at CCSSO, Wilhoit spearheaded the development and adoption by 45 states of the Common Core State Standards.

 

"The Hewlett Foundation has been pleased to support ongoing deeper learning initiatives across the country. We are excited now to partner with the Gates Foundation to help Gene Wilhoit establish this important center at the University of Kentucky," said Barbara Chow, director of the William and Flora Hewlett Foundation's Education Program. "States from around the nation will benefit from Gene's wisdom, experience, and vision for ensuring that U.S. education delivers and measures the knowledge, skills, and dispositions students will need to succeed in work, life, and citizenship."

 

The National Center for Innovation in Education will contribute to the national education reform agenda with a focus on ensuring more states are adopting and implementing a standard definition of college and career readiness that embodies "deeper learning" outcomes, implementing meaningful measures of those outcomes, and holding all levels of the system accountable for results.

 

"It is a testament to the quality of the educational innovation effort in Kentucky that we could attract a center of this scope and quality to the state," said Kentucky Governor Steve Beshear.  "We want our students to graduate with the ability to succeed in this 21st century global economy and efforts like this provide a real boost in helping us meet those needs.  Thanks to the Hewlett and Gates foundations for providing the funding to establish the National Center for Innovation in Education in Kentucky."

 

Deeper learning delivers the skills and knowledge students will need to succeed in a world that is changing at an unprecedented pace. Deeper learning prepares students to master core academic content, think critically and solve complex problems, work collaboratively, communicate effectively, and learn how to learn (e.g., self-directed learning).

 

"The goal we have established for all of our children to be college and career ready is the right one for them and for our nation," Wilhoit said. "However, I am convinced that the 'schooling' experience as it now exists in far too many places is out of alignment with the lofty goal we have set. We will reach our aspirations only when we cast aside historic perceptions and practices about how one acquires knowledge and skills.

 

 As other countries are improving their education systems, too many American students are not being properly prepared in foundational subjects such as reading, writing, math, and science. Nor are we paying sufficient attention to cultivating the skills students will need to thrive in a globally connected job market."

 

Most states have not yet been able to transform systems to close the equity gap and deliver high quality, deeper learning outcomes to every child, which is manifested through high variability in the quality of education and lower levels of educational attainment among U.S. students overall, and especially among those in poverty and students of color, Wilhoit said. This high degree of quality and variability in results is impacting the well being of individuals and communities and the country's long-term economic success.

 

"Gene Wilhoit is passionate about supporting states in systemic transformation toward high quality teaching and learning," said UK President Eli Capilouto.  "While the impact of his effort will be felt across the nation, Kentucky is now at the epicenter of this transformational work and stands to benefit from the waves of change that will begin to take root from within the Commonwealth. The center will serve as a beacon on the UK campus for not only the national reform agenda spearheaded by Wilhoit, but also for the ongoing work we are doing through our Kentucky P20 Innovation Lab to bring innovation to Kentucky schools."

 

Under Wilhoit's leadership, the work of the center will focus on:

  • Supporting states as they implement Common Core State Standards.
  • Working at the national and federal levels with key influencers and organizations to promote reforms that lead to deeper student learning.
  • Facilitating relationships in states to place value on deeper learning outcomes within postsecondary education and workforce development programs.
  • Providing assistance to leaders of the Innovation Lab Network so that they are more rapidly and effectively translating local innovations into policy.
  • Facilitating dialogue with state policy makers to set conditions that support the reform efforts.
  • Promoting the role of teachers as solutions designers and producers of new knowledge about how we cause learning.

In 2010, UK committed $1.5 million to launch the Kentucky P20 Innovation Lab, an initiative that is partnering UK College of Education faculty and national experts with Kentucky school leaders to create new systems to support 21st century learning.

 

"Kentucky is fortunate to have Gene Wilhoit and a national center of this caliber located within our state," said UK College of Education Dean Mary John O'Hair.  "This center complements the work we are doing in Kentucky to transform education for 21st century learners. As we have worked to build the Kentucky P20 Innovation Lab at UK, we have noted that Kentucky has a unique alignment of focus and priorities among the various statewide agencies that are needed to scale and sustain educational innovations. I believe the cohesion and innovative spirit in Kentucky has played a large part in helping us rise from 34th to 10th in Education Week’s national rankings of education in the U.S. The creation of the National Center for Innovation in Education will help give states the push they need to work together to develop these radically different learning experiences for students."

 

The Center for Innovation in Education will be housed at the UK Coldstream Research Campus. The center will work in close collaboration with other organizations, but will have its own executive team and funding structure.

 

MEDIA CONTACT: Jenny Wells, (859) 257-5343; Jenny.Wells@uky.edu

Governor Announces Partnership With UK HealthCare to Operate New Eastern State Hospital


LEXINGTON, Ky. (Jan. 18, 2013) ― Gov. Steve Beshear announced today that the Kentucky Cabinet for Health and Family Services (CHFS) and University of Kentucky HealthCare have signed a letter of intent under which UK will operate and manage the newly constructed Eastern State Hospital located on the UK Coldstream Research Campus in Lexington. The agreement will not only maintain and improve quality patient care, but will also allow UK to leverage its considerable expertise in research and clinical therapies to modernize treatment options while training the next generation of behavioral health providers.

 

Gov. Beshear was joined at today’s announcement by UK President Eli Capilouto, Executive Vice President for Health Affairs for UK HealthCare Dr. Michael Karpf, and Cabinet for Health and Family Services Secretary Audrey Tayse Haynes.

 

“This new facility represents the continued improvement in the care and treatment of persons with severe and persistent mental illness and demonstrates our commitment to modernizing our behavioral health treatment capacity,” said Gov. Beshear.  “An integrated treatment for both behavioral and physical health provides the best outcomes for patients, and the UK HealthCare system is uniquely suited to blend those treatments for the patients at Eastern State Hospital.”

 

Other state governments have forged successful partnerships with academic medical centers to operate psychiatric hospitals, including Arkansas and the University of Arkansas; Connecticut and Yale University; and New York and Columbia University. 

 

“Our vision for health care in Kentucky is that no matter where someone wakes up in our state, they can take solace in knowing that regardless of how serious the illness, they can receive the best possible care at the University of Kentucky,” Dr. Capilouto said. “This potential partnership ― with Gov. Beshear’s leadership ― is yet more evidence that such a compelling vision for health care in Kentucky is becoming a reality.”

 

“For too long, the treatment of those with behavioral health conditions have been served separately from our overall health system and this artificial separation of behavioral health from physical health care is no longer acceptable,” said CHFS Secretary Haynes. “Through this partnership with UK HealthCare, the state is taking a monumental step in achieving this much-needed integration. The new Eastern State Hospital and this partnership with the UK HealthCare system will truly transform the care Kentucky provides for persons with severe and persistent mental illness.” 

 

Agreement Enhances Care, Promotes Research

Patients served by Eastern State Hospital require coordinated, multidisciplinary treatment teams. As administrator of Eastern State Hospital, UK will bring clinical, research and administrative expertise that will allow this new facility to deliver state of the art care, promote research, advance knowledge and train the workforce of the future.

 

By signing the Letter of Intent, UK has agreed to a set of outcomes and performance measures including:

  • improvement of patient treatment while hospitalized
  • continuity of care during and post hospitalization; and
  • increasing the number of persons leaving the hospital to return to community living.

As administrator of Eastern State Hospital, UK will leverage its internal clinical and research expertise in psychiatry, psychology, pharmacology, social work, marital and family therapy, public health law and other areas that are key to evidence-based treatments. This collaboration will allow UK to train clinicians and researchers in the most advanced paradigms of evidence-based care and prepare them to practice in the world of integrated behavioral and general medical care. Such integrated care is more cost effective and leads to better outcomes for patients.

 

The collaboration also provides UK great opportunities for research in diagnosis, treatment and prevention strategies of behavioral health issues.

 

Upon completion of construction, slated for the spring, there will be a 60-90 day transition for staff training, systems testing, licensing and relocation of patients from the current hospital to the new facility. This transition is anticipated to occur this summer.

 

Bluegrass Regional Mental Health Board has provided significant leadership and expertise in the operations of the current Eastern State Hospital since 1995.  The Cabinet and UK intend for Bluegrass to continue to be an integral part of the new hospital and the behavioral health system. The Cabinet and UK leadership will work with the Bluegrass Board and Dr. David Hanna, interim CEO, to ensure a seamless transition into the new hospital and to create increased behavioral health community alternatives to hospitalization.

 

“Bluegrass is fully committed to working with the Cabinet and UK to provide the highest quality of services for our clients,” said Dr. Hanna.

 

About Eastern State Hospital

Construction is nearing completion on the new Eastern State Hospital, which is scheduled to open this summer. The 239-bed, approximately 300,000-square-foot facility will provide a modern setting for inpatient psychiatric treatment, a new neuro-behavioral unit for specialized services for individuals with acquired brain injuries, a long-term care unit serving individuals with psychiatric disabilities requiring nursing facility level of care, and acute inpatient behavioral health treatment.

 

In addition to the hospital, the new Eastern State Hospital campus includes three 11,000-square-foot personal care homes, each with the capacity to serve 16 people. These personal care homes will offer less restrictive care that promotes each patient’s return to a community setting. The $129 million facility will replace the current pre-Civil War era Eastern State Hospital; the second oldest psychiatric hospital in the country.

 

MEDIA CONTACT:  Kristi Lopez, (859) 323-6363; kristi.lopez@uky.edu

The History of Aristides


Deirdre Scaggs (Associate Dean, Special Collections, University of Kentucky Libraries) shared the following historical account at the dedication of the Aristides marker on October 24, 2012.

 

 

Hal Price McGrath grew up unprivileged in Woodford County Kentucky. He went west for the California Gold Rush, and did well enough to open a gambling house in New York City. There, he was rumored to have won $105,000 in one night, and made enough money to start his own stud farm, McGrathiana Farm in Fayette County on the land we are on today.

 

McGrathiana Farm was good to Hal Price McGrath. It was here that he bred the very first horse to win the Kentucky Derby—Aristides.  Yet another horse of McGrath’s, Leonard, finished second in the third Derby. After the death of Hal Price McGrath, the farm became the property of the horseman, Colonel Milton Young. He transformed McGrathiana Stud into one of the most famous breeding establishments in America. Among the sires was the great thoroughbred, Hanover.

 

In 1908, during the horse depression, Colonel Young sold McGrathiana and his stable for $80,000. The Beasley Brothers, who then bought McGrathiana focused on raising cattle.  Later, in 1915, ownership passed to a Chicago oilman, C.B. Shaffer, who purchased additional land and changed the name to Coldstream Farm. Shaffer’s son sold Coldstream to Mr. and Mrs. Henry Knight in 1951 who operated it, with their other Bluegrass farms, until its purchase from the University.

 

Coldstream Farm was acquired in 1957 for use by the Cooperative Research Station in the College of Agriculture. It has long been recognized as a valuable asset of the University and supported the Animal Research Program for 40 years. In 1987, the Board of Trustees declared that no portion of Coldstream Farm be offered for sale now or in the foreseeable future, but shall be retained in perpetuity by the University. In 1992, the Lexington-Fayette Urban County Council passed an ordinance changing the Coldstream Farm zoning from Agriculture Urban to an Office Industry and Research Park which would permit the development of today’s Research Campus.

 

But now, let’s go back to Hal Price McGrath and his horse in 1875. Named Aristides, he was a small chestnut horse, little more than 15 hands high. His brother, a big bay, looked like a much better bet so McGrath and his trainer, Ansel Williamson, planned for Aristides to clear the way for Chesapeake to win the Derby.

 

Both the horse’s trainer and jockey were African Americans. Ansel Williamson was born a slave in Virginia around 1810, and learned to be a horse trainer and breeder. After the civil war, he continued to work conditioning horses as a free man. Aristides was not his only success, he trained many famous horses, and was inducted into the National Museum of Racing and Hall of Fame in 1998.

 

Jockey Oliver Lewis is less well known. He was born in Fayette County in 1856, and was 19 when he won the Kentucky Derby. He went on to have six children and later reported on horses' form to bookmakers—the process of taking bets, calculating odds, and paying out winnings—he went on to become a successful bookmaker himself. Both were then legal occupations. Lewis died in 1924 and is buried in Lexington.

 

The details of the inaugural Kentucky Derby in 1875 may have gone something like this….  Aristides, McCreery, and Volcano got off in the first division. Passing the grandstand for the first time McCreery was in front with Aristides second and Volcano third. Before reaching the turn, McCreery retired, beaten. Aristides then took the lead with Ten Broeck, Volcano, Bob Miles and Verdigris in a close bunch behind him. Aristides ran the first mile in 1 minute 43 seconds—a very fast pace for those days. Lewis, on Aristides, gave his horse a breathing spell, expecting Chesapeake, his stable mate and half-brother to join him, but he was in the back ultimately finishing 8th.

 

With odds of 29 to 10, Aristides took the race in two minutes, 37 seconds. There were no roses for Aristides in 1875, but owner Hal Price McGrath, trainer Ansel Williamson, and jockey Oliver Lewis did have the satisfaction of winning the smallest Derby purse of about $2,850.00.

New Historical Marker to be Unveiled at Coldstream


LEXINGTON, Ky. (Oct. 22, 2012) — The president of the University of Kentucky Student Development Council, Jonathon Nunley, will join Kentucky Historical Society Executive Director Kent Whitworth, UK Vice President of External Relations Tom Harris and others to dedicate the latest addition to the Live Blue Legacy historical marker program. 

 

The marker is made possible through donations from members of a recently graduated class.  This historical highway marker, the 18th in a series, pays tribute to the first winner of the Kentucky Derby, the legendary horse Aristides, who was born on a farm which is now part of UK's Coldstream Research Campus.

 

The dedication ceremony will take place on Oct. 24 at 2 p.m., at a site located between McGrathiana Parkway and the Legacy Trail on the Coldstream campus.  All members of the UK and greater Lexington communities are invited to attend.  A reception will follow in the Coldstream Center Atrium located off of Bull Lea Road.

 

Since 1994, the Live Blue Legacy Program has supported the placement of Kentucky Historical Society Highway Markers across the UK campus.  The Live Blue Legacy Program is administered by the Student Development Council, whose members solicit gifts from members of the graduating class, in this case the Class of 2011.  These funds are used to purchase, install and dedicate a marker in the name of that particular class. 

 

Potential topics for the markers are selected from an approved list by the UK Historical Marker Committee, which is chaired by the Associate Director of Annual Giving/Student Development Council Advisor.  A list of three potential marker topics is presented to members of the graduating class and a vote determines the final topic.

 

This is the first time in the program's history that a marker is being placed in a location away from UK's main contiguous campus near downtown Lexington.

 

In May 1875, an estimated 10,000 fans watched as Aristides, known as the "little red horse," won the race which has gone on to become one of the most celebrated events in the entire sporting world.  Aristides' rider was a19-year-old African-American jockey, Oliver Lewis.  Aristides was born on Hal Price McGrath's farm, McGrathiana.  The colt was trained by Ansel Williamson, who was inducted into the National Museum of Racing's Hall of Fame in 1998. 

 

Nunley said, "This is a very exciting time of the year for the Student Development Council (SDC) and the university.  We are incredibly lucky to be able to erect a historical marker every year which is funded entirely by students.  SDC takes great pride in the rich tradition that our university and Commonwealth provide us as students every day and this marker is our way of showing it."

 

"We're proud of this longstanding partnership with UK and deeply appreciate the generous gifts made by each graduating class to share a piece of UK and Kentucky history through the marker program," said Whitworth, executive director of the Kentucky Historical Society.

 

This UK historical marker project is done in cooperation with the Kentucky Historical Society and the Kentucky Transportation Cabinet.

 

The Student Development Council has raised more than $110,000 for the marker program and student scholarships since the inception of the Live Blue Legacy Program.

 

 

CONTACT:  Carl Nathe, (859) 257-3200; carl.nathe@uky.edu.

Gov. Beshear announces Allylix to expand in Lexington, add 14 jobs


LEXINGTON Ky. (Oct. 3, 2012) – Governor Steve Beshear today joined local and company officials in Lexington to announce an expansion for Allylix Inc. The renewable chemicals company plans to add 14 full-time jobs, invest more than $1.6 million in the Commonwealth and add 3,700 square feet of laboratory space at the University of Kentucky’s Coldstream Research Campus.

 

“Allylix is developing new technologies that can change industries, and that type of innovation is exactly what we embrace here in the Commonwealth,” said Gov. Beshear. “We’re thrilled at how successful this partnership has been and that Allyix is adding new jobs and expanding its research capabilities in Lexington to support its commercial products worldwide.”

Allylix develops products for the flavor and fragrance, food ingredient, cosmetic chemicals, insect repellent and biofuel markets.

 

The company controls intellectual property with 62 issued patents and multiple U.S. and foreign applications. Allylix’s platform technology allows it to engineer yeast strains that, through proprietary fermentation processes, produce a wide range of specialty chemical products.

 

“Kentucky has been a terrific place to grow a company,” said Carolyn Fritz, CEO of Allylix. “In Lexington, we have had access to a highly educated workforce, top-notch facilities and funding; all in a region with a great quality of life for our employees.”

 

To encourage the investment and job growth in Lexington, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $300,000 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. 

 

“I am excited that Allylix is further investing in the community and creating new opportunities,” said Sen. Julian M. Carroll, of Frankfort.The community, along with the surrounding counties, will reap the rewards of economic growth with the company increasing its laboratory space at UK’s Coldstream Research Campus. I also applaud Gov. Beshear for taking the lead to support our industry, their employees and their families.”

 

“The Commonwealth has spent the better part of the last 10 to 12 years pursuing agricultural-related industries,” said Rep. Ryan Quarles, of Georgetown. “We’ve seen more and more firms like Allylix come to Kentucky, and we are pleased our business climate allows them to expand their workforce and investment at Coldstream.”

 

“Congratulations, Allylix, for finding a recipe for success in a tough, competitive industry by producing aromas and flavors that thus far only nature has been able to make,” Lexington Mayor Jim Gray said. “This company is another example of UK brainpower producing good jobs. We’re glad you’re here and we look forward to continued growth.”

 

“We have been pleased to work with Allylix over the years, and even more excited to see it progress through the business growth process, from the startup stage to commercialization and now to expansion,” said Commerce Lexington Inc. president and CEO, Bob Quick. “The Bluegrass Business Development Partnership is proud to have Allylix in Lexington and excited to see its future success.”

 

For more information on Allylix, visit www.allylix.com.

 

Contacts:

Kerri Richardson

502.564.2611

502.330.6633

 

Terry Sebastian

502.564.2611

502.229.6130

 

Mandy Lambert

502.564.4886

International law firm to locate global services center at Coldstream


former IBM building on Coldstream campusLEXINGTON, Ky. (September 12, 2012) — Bingham McCutchen LLP, an international law firm based in Boston, plans to add at least 250 jobs to Lexington’s economy by creating a shared-services center at the University of Kentucky Coldstream Research Campus next spring.

 

The center at Coldstream will consolidate the firm’s professional support staff in information technology, knowledge services, finance and accounting, human resources, marketing, operations, and risk management. The center will eventually house at least 250 employees, some relocating from existing Bingham offices and others to be hired from the Lexington area.

 

The jobs will pay an average of $37 an hour and will support Bingham’s 1,000 lawyers in 14 major offices in the United States, Europe and Asia.

 

Bingham Chairman Jay Zimmerman said, “For Bingham, Lexington is an excellent fit. I am impressed by the vitality of the city, the warmth of the people and the business-friendly environment.”

 

The effort to bring the firm to Lexington was a collaborative endeavor by the University of Kentucky, Commerce Lexington, the state Economic Development Cabinet, Governor Steve Beshear, and Lexington Mayor Jim Gray.

 

“It is a testament to the cooperative work of a number of deans and departments on our campus, as well as our continued close partnership with Commerce Lexington,” said UK President Eli Capilouto.

 

Mayor Gray called the firm’s announcement “the best news we’ve had since the recession started in 2008. Clearly it was worth pulling out all the stops. So we did, as did the governor and state officials.”

 

UK Coldstream Research Campus Executive Director George Ward said, “We are proud that national site-selection consultants, and the companies they represent, are seeing the potential and value of Lexington’s thriving entrepreneurial community, low cost of living, top-notch research university, and one of the most educated workforces in America. It is especially gratifying when they select the Coldstream Research Campus and help further develop Lexington’s gateway.”

 

Bingham has committed a $22.5 million investment and will occupy the former IBM building at Coldstream under a 10-year lease. The transition of Bingham’s administrative functions to Lexington will begin in April 2013 and continue through the spring of 2014. Bingham is working with Deloitte Consulting in the planning, design and implementation of its new global services center.

 

Deloitte and Bingham looked at 300 metropolitan areas, eventually narrowing it to three.  The other two locations, which have not been disclosed, were significantly larger than Lexington, according to Deloitte’s Mark Klender. Bingham selected Lexington because of its access to a dynamic workforce, a developed academic community, and a vibrant quality of life, said Bingham Chief Operating Officer L. Tracee Whitley.

 

“The Commonwealth of Kentucky and the City of Lexington joined forces to offer us the most competitive incentives package of the metropolitan areas we considered. It will enable us to get up and running quickly in Kentucky. In addition to the strong business opportunity presented, we found in Lexington an inviting community and a shared sense of values, which we believe our people will embrace,” said Whitley.

 

For more information, see Bingham's press release.

A&W opens headquarters in Lexington


A&W logoLEXINGTON, Ky. (May 16, 2012) — Mayor Jim Gray and Commerce Lexington representatives officially welcomed long-time Kentucky corporate citizens A&W Restaurants, Inc., back to Lexington Wednesday with a ribbon-cutting ceremony at the company’s new headquarters at Coldstream Research Campus.

 

“We have been working hard to bring corporate headquarters to Lexington,” Gray said. “Headquarters bring strong leaders and problem solvers who can help us build a pro-business, progressive city…a Great American City. Headquarters support and strengthen our efforts to grow good-paying jobs.” A&W is the third corporate headquarters operation Gray has opened in Lexington in the past 17 months.

 

Last year, A&W Restaurants, Inc., was sold by Louisville-based YUM! Brands to A Great American Brand, LLC.


The move to Lexington creates 30 jobs and represents an investment of nearly $1.9 million.

 

“A&W Restaurants, Inc. is happy to be back here in Lexington. Thanks to the support of the Commerce Lexington economic development team, the city of Lexington, and the Kentucky Cabinet for Economic Development for their partnership in making this a great fit for the A&W team at our new World Headquarters at UK’s Coldstream Research Park,” said Kevin Bazner, CEO for A&W Restaurants, Inc. “We are very excited about the quality of staff we have been able to attract and look forward to becoming an integral part of the community as we grow our business from our new home here in Lexington.” Company Chairman Dale Mulder was also in attendance.

 

Bob Quick, CCE, President & CEO, Commerce Lexington Inc, said Commerce Lexington is proud that A&W Restaurants, Inc., is calling Lexington home again. “Our economic development team, in partnership with LFUCG and the Kentucky Cabinet for Economic Development, enjoyed working with A&W on their location to Lexington,” Quick said. “A&W is a great addition to our growing list of headquarters in Lexington.”

Allconnect announces college hiring program


AllconnectLEXINGTON, Ky. (April 19, 2012) — Allconnect, an Atlanta-based provider for connecting consumers with household services, is hiring more than 70 college students in the next 60 days for summer positions in their Lexington sales center at the UK Coldstream Research Campus and plans to fill more than 200 positions overall in the coming months.

 

The College Summer Program offers students full-time summer employment at a competitive base pay plus guaranteed commissions. When students return to school, Allconnect can work with their schedules to retain them on a part-time basis. While previous sales experience is preferred, it is not required, as all hires participate in a six-week paid training program to learn the products and sales process.

 

“Allconnect provides a top-notch work environment, stable hours and an entry-level earning potential that is rarely found in our community,” said John Hegeman, Sales Center Supervisor. “As a University of Kentucky grad, I wish Allconnect was here while I was in school. I would have loved the money, the stability, and the opportunity to get some work experience in the business world.”

 

Allconnect opened their Lexington sales center in July 2011. Since opening, the company has promoted more than a dozen associates into supervisory and support level positions. The office continues to grow and is expected to reach full capacity in late 2013.

 

“I’m extremely excited about the program” said Jim Rasnick, General Manager and Vice President of Sales for Allconnect’s Lexington Sales Center. “Students who join our team for the summer have a fantastic opportunity to gain real-world, resume-building experience, while earning great income over the summer. And those students who are interested in furthering their careers beyond the summer will have an opportunity to work on a part-time basis while continuing their education.”

 

About Allconnect

Through relationships with major utilities, Allconnect has assisted millions of consumers in saving money on essential home services, including satellite TV, cable TV, Internet, phone, and home security systems. The company offers a convenient, simple and objective one-stop source for comparing service plans and pricing, when customers are transferring or establishing household services and want to ensure they are on the best plan for their budget.

 

Allconnect educates, engages and satisfies utility customers by developing customized solutions to meet partner business goals of increasing customer satisfaction, improving employee morale, providing an additional revenue stream and increasing adoption of initiatives, such as demand response products, energy efficiency programs and green energy initiatives.

 

Founded in 1998, Allconnect is headquartered in Atlanta, Georgia, with Sales & Customer Care Centers in Atlanta; Lexington, Kentucky; and St. George, Utah. For more information, visit Allconnect.com or follow them on Twitter and Facebook.

Work progresses on Tempur-Pedic and Eastern State Hospital construction projects


Tempur-Pedic construction site, April 18, 2012Lexington, KY (April 18, 2012) — Construction is well under way on the $18 million Tempur-Pedic International headquarters at Coldstream. The company broke ground on the 125,000 sq. ft. facility in October 2011 and expects to open by the end of 2012. Tempur-Pedic will create 65 new jobs and bring their total employment to more than 300 in the next five years.

 

Eastern State Hospital will also complete a $129 million facility by the end of 2012. The 458,000 sq. ft. facility will provide a modern setting for inpatient psychiatric treatment. When these facilities are completed, Coldstream Research Campus will include 20 buildings consisting of 1.31 million square feet. The on-campus employee population will more than double to 2,200.

 

For more information on the projects:

Gov. Beshear breaks ground for Tempur-Pedic global headquarters expansion

 

Governor Steve Beshear and State Officials Break Ground on the Eastern State Hospital at Coldstream Research Campus

Syndicate content