Lexington is a major health care center for Kentucky. Four of the top five payrolls in 2005 were from health care entities – St. Joseph Hospital, Baptist Healthcare, Lexington Clinic and The Department of Veteran Affairs. In addition, the University of Kentucky, the source of Lexington’s largest payroll, has an enormous healthcare presence in Lexington. Healthcare employers employ people at every skill level. As the population ages, the demand for health care services will continue to grow and Lexington must, not only meet the needs of that growing demand, but also enhance its ability to capitalize on that demand.
As part of the Bluegrass Business Development Partnership, Lexington is engaged in actively creating businesses that are healthcare related. The University of Kentucky Commercialization and Economic Development department, lead by Len Heller, is involved in the business of creating business from the intellectual property found at UK.
Having a major research institution like the University of Kentucky is a major catalyst for business development. The Commercialization and Economic Development team facilitates that development through incubators, market research, business plan development, securing funding including venture/investment capital, growth planning, management audits and more. More information is available by clicking on the following links:
Lexington HEALS Institute
Von Allmen Center for Entreprenuership
Commercialization and Innovation Center
ASTeCC/AgTeCC Business Incubators
Kentucky Technology Inc (KTI)