Summary of Deputy Mayor Pat Mulloy explains the plan to grow Louisville

00:00:00 - 00:35:00

In the YouTube video titled "Deputy Mayor Pat Mulloy explains the plan to grow Louisville," Pat Mulloy discusses his background as a native Louisvillian and lawyer, and how his experiences in law, real estate, and the private sector have influenced his current role as deputy mayor for economic development. Mulloy talks about accepting the job offer from Mayor Greg Fischer and the administration's focus on revitalizing the central business district and tackling issues such as the low office occupancy rate and affordable housing crisis through the "Growing Louisville Together" plan. He emphasizes the need for action and execution to address these challenges and sets a deadline for progress. Other areas of focus for the growth plan include improving quality of place, addressing affordable housing, immigration, and enhancing the entrepreneurial ecosystem. Mulloy talks about the importance of organizations like First Rate, Amplify, and Amped, adding that a new public-private organization is being established to support high-growth businesses and attract more venture capital. Mulloy also mentions plans to establish an immigration law center at the University of Louisville Law School and marketing Louisville's unique identity to drive growth. The interview concludes with Mulloy promising to provides updates on the city's growth plan in six months or a year

• 00:00:00 In this section of the YouTube video titled "Deputy Mayor Pat Mulloy explains the plan to grow Louisville," Pat Mulloy, the deputy mayor of economic development for Mayor Craig Greenberg, discusses his background and how it influences his approach to his current role. A native Louisvillian and lawyer by training, Mulloy ran several senior living companies before joining Mayor Greenberg's administration. He shares his experiences transitioning from the private sector to public service and working on policy initiatives in the past. Mulloy's diverse background in law, real estate, and business has equipped him with valuable skills and insights that he brings to his position as deputy mayor for economic development
• 00:05:00 In this section of the YouTube video titled "Deputy Mayor Pat Mulloy explains the plan to grow Louisville," Pat Mulloy describes how he came to accept the job offer from Mayor Greg Fischer despite not being an insider in his campaign. Mulloy explains that they knew each other socially and that the mayor was looking for a fresh perspective to tackle the city's challenges. He mentions that the primary focus of the new administration is the central business district, which is in need of revitalization, and that they have intentions to create a measurable and actionable economic development plan called "Growing Louisville Together." Mulloy highlights that they sought the help of outside experts to conduct a SWAT analysis and bring fresh ideas to the table, and they aim to address issues such as the low office building occupancy rate and the need for affordable housing in the city
• 00:10:00 In this section of the YouTube video titled "Deputy Mayor Pat Mulloy explains the plan to grow Louisville," Deputy Mayor Pat Mulloy discusses the city's affordable housing crisis and the mayor's plan to build 15,000 homes through the My Louisville Home plan. Mulloy explains that the plan requires significant capital and acknowledges the community's previous experience with planning efforts that failed to materialize. He stresses the need for commitment from both the council and the community to bring about meaningful change. Mulloy differentiates this administration's intent from previous efforts by emphasizing the importance of action andexecution rather than just planning. He shares his personal experience in the housing industry and expresses confidence in the city government's ability to follow through on the plan. Some specific projects include revitalizing unused buildings in downtown Louisville and renovating the neglected Bader Park. Mulloy sets a deadline for himself and promises to be held accountable if progress is not made within six months
• 00:15:00 In this section of the YouTube video, Deputy Mayor Pat Mulloy discusses the first part of Louisville's growth plan, which focuses on investing in quality of place. Mulloy highlights the importance of affordable housing, mentioning the mayor's plan for 15,000 affordable housing units. He acknowledges the political challenges in building the necessary housing and emphasizes the moral and economic imperative to address the issue. The debate around land development codes is brought up, with Deputy Mayor Mulloy expressing the need for intelligent conversations about easing zoning restrictions and encouraging density in various neighborhoods. The video also touches upon population growth, with Louisville having the potential to attract 880,000 foreign-born residents between 2020 and 2040, increasing the city's foreign-born population from 9% to 18
• 00:20:00 In this section of the YouTube video titled "Deputy Mayor Pat Mulloy explains the plan to grow Louisville," there is a discussion about the importance of immigration in the city's growth. Deputy Mayor Mulloy emphasizes that Louisville has a large and growing population of Cuban immigrants, which is vital to the city's economy, particularly in industries such as healthcare and manufacturing. He also mentions the potential establishment of an immigration law center at the University of Louisville Law School. Mulloy shares his personal experience working in healthcare, where immigrant workers make up a significant portion of the workforce and are essential to keeping wages in check. He advocates for a more welcoming approach to immigration and believes that the Canadian model, which allows for the entry of large numbers of new citizens each year, offers a solution to wage inflation. Another focus area of the city's growth plan is enhancing venture capital and startups, which Mayor Mulloy considers the most important aspect of the plan. He explains that while companies tend to stay put once settled in a community, there is a need for more resources to help entrepreneurs and startups get off the ground, particularly in accessing capital and government assistance
• 00:25:00 In this section of the YouTube video, Deputy Mayor Pat Mulloy discusses plans to grow Louisville's entrepreneurial ecosystem. He mentions the efforts of organizations like First Rate, Amplify, and Amped, which help early-stage businesses navigate the system and access essential services such as legal advice and CFOs. Mulloy also comments on the lack of private equity capital or venture capital firms in Louisville and the need to build that ecosystem. Additionally, he brings up the potential for state-supported venture funds to help high-growth businesses located in Kentucky. The deputy mayor is aiming to establish a new public-private organization with a $6 million annual budget to implement this strategy, with contributions coming from the economic development budget and private sector dues
• 00:30:00 In this section of the YouTube video titled "Deputy Mayor Pat Mulloy explains the plan to grow Louisville," Mulloy introduces a new regional organization aimed at implementing the city's growth plan without competing with the Greater Louisville Inc. (GLI). The organization, inspired by successful models in cities like Houston, Pittsburgh, and Tulsa, will focus on executive planning and not stepping on the toes of existing chamber-of-commerce efforts. Mulloy emphasizes the importance of autumnhenticity, or effectively marketing Louisville's unique qualities and distinct identity, as a key factor in attracting young people and driving growth. The deputy mayor also highlights the significance of improving education, specifically mentioning efforts from Marty Polio to advance JCPS and lauds the success of the University of Louisville and its planned expansion
• 00:35:00 In this section of the YouTube video titled "Deputy Mayor Pat Mulloy explains the plan to grow Louisville," Deputy Mayor Pat Mulloy discusses the ongoing plan to expand and develop the city. Mulloy does not provide specific details about the plan or its current progress but invites viewers to check back in six months or a year to see how it is going. The deputy mayor concludes the interview by wishing everyone happy holidays before signing off