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Chamber of Commerce Unveils Comprehensive Economic Impact Study

September 20, 2023 By Greg Milby

Introduction: In a strategic move to comprehend the forthcoming impact of the BlueOval SK Battery Park and its anticipated 5,000 new job offerings, the Hardin County Chamber of Commerce (HCCC) has released a meticulous 208-page long-term economic impact study. The study, commissioned by HCCC and generously funded by members of the Hardin County business community, was conducted by the Louisville-based consulting firm, L.B. Schmidt and Associates. Notably, three commissioning sponsors played a vital role: Baptist Health Hardin, Elizabethtown Community, and Technical College, and the Elizabethtown/Hardin County Industrial Foundation.

Unveiling the Insights: To coincide with the study’s release, HCCC hosted an informative press conference at their Elizabethtown office on Tuesday morning. This significant event included key figures such as HCCC president/CEO Margy Poorman, President of L.B. Schmidt and Associates Luke Schmidt, and representatives from the Elizabethtown/Hardin County Industrial Foundation, Baptist Health Hardin, and Elizabethtown Community and Technical College.

An In-depth Analysis: “The impending arrival of BlueOval SK and the promise of 5,000 new jobs makes it imperative for HCCC, a hub for regional business growth, to delve into a comprehensive understanding of future implications,” expressed Poorman. The economic study, commissioned last year by HCCC, was undertaken by L.B. Schmidt and Associates, in collaboration with Dr. Paul Coomes, Emeritus Professor of Economics at the University of Louisville.

Projections and Recommendations: The study’s findings project a significant surge in population, increased employment opportunities, and a positive boost to various sectors of the local economy. The comprehensive report sheds light on the kind of growth to expect in the region, aiming to guide local businesses and organizations in strategic growth.

Engagement and Feedback: HCCC is now encouraging active participation through an online feedback survey, where chamber members and the community can contribute their insights and express the importance they attribute to each of the proposed recommendations. These recommendations cover vital aspects such as community growth management, MSA future planning, quality of life, transportation, community branding/promotion, and workforce recruitment.

Towards Informed Community Planning: “The report’s recommendations provide a roadmap for proactive community planning in response to expected growth,” emphasized Poorman. The support of HCCC’s President’s Circle members and various area businesses and organizations was instrumental in making this impactful study and community recommendations possible.

For access to the full economic impact report and the recommendation feedback survey, visit here. Explore the insights, share your views, and be a part of shaping the future of our community.

Filed Under: Blog

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