The Kentucky Derby always makes
me think about Louisville’s place in the cultural zeitgeist and global economy.
Last year, in this space, I made the
case for doubling down on Derbyism as Louisville’s brand identity. This year, I’d like to suggest a new,
singular economic development goal:
Win
Walmart HQ2.
Now (so far as I know), Walmart
is not actively searching for a second headquarters (yet). In fact, the company is building a new corporate
campus in its hometown of Bentonville, Arkansas. It hasn’t announced any plans for a
tournament of cities, 50,000 jobs or $5 billion in new construction.
However, Walmart is Amazon’s only
true competitor in global business. HQ2 is
an innovation. Walmart will adopt it. The only variable is time. Louisville has an opportunity to jump the
light.
If Walmart acquires Humana, it would
be the largest deal in the company's history and nearly double the size of its “Home
Office” workforce. Consumer health care is
a major growth area for Walmart. Louisville
would be a fertile outpost for making other forays into the industry.
Moreover, Walmart is fighting for
its life in the e-commerce space. Louisville
would provide direct access to UPS Worldport and a robust logistics and
distribution ecosystem. Amazon already
has a Prime Air hub in Northern Kentucky. All the amenities we offered in our HQ2 bid would
be more appealing to Walmart.
There is also something to be
said for cultural fit. Arkansas and Kentucky
are both red states and have 21c
Museum Hotels!
As a local independent business
lover, I have always had an aversion to big-box stores. However, the benefits of having office jobs of
companies like Walmart, Amazon or Humana in your community are undeniable
(including the customers their employees provide for small business). Walmart is the world’s largest company. Amazon HQ2 might be the most coveted prize in
economic development today but Walmart HQ2 is coming – and Humana might be
going – so we should get going on tomorrow, too.
For breaking news and information, please follow me on Facebook, Twitter and Instagram. If you have a question or comment, please call me at: (502) 574-1108 or email: brandon.coan@louisvilleky.gov (and copy jasmine.weatherby@louisvilleky.gov). If you have a service request, please call MetroCall at: 311 or visit MetroCall 311 online. Visit the District 8 Strategic Plan page here.
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