Absolute Networking is excited to have a seasoned professional, Tre Pryor, provide a guest blogger for our readers. Tre is the epitome of a professional and provides insight to the Louisville Real Estate marketplace via his Louisville Homes Blog. In this post we asked Tre to provide our readers some insight on how Louisville stacks up to other areas for business relocation.
[This article was originally published on 1/31/2012 on InsiderLouisville.com. It has been edited by the author and published with persmission on this blog.]
By Tre Pryor, Realtor
Moving a company headquarters, manufacturing plant, or even sales office, is a major decision. Executives weigh the pros and cons across a myriad of factors before arriving at the best choice. State tax codes, amount of skilled/non-skilled labor, proximity to strategic partners, geographic location — each plays a strong role. Let’s see how Louisville stacks up to our regional competition, and we’ll gain some insight as to why a growing number of high-powered, national companies are choosing Louisville for their company headquarters or vital operations. For years, the talent base in states like California, New York and others has been enough for tech companies to justify those states' anti-corporate tax codes. That balance has started to shift. The Tax Foundation has just published their Tax Climate Index for 2012 and the results aren't exceptionally surprising. Here are some selected states.
Note: Higher scores indicate more favorable tax systems for business. Ranking 22nd in the country is fairly strong for Kentucky, even while there’s still room for improvement. Affordable housing plays a strong role in how companies view a city's attractiveness. Cost of living factors into so many facets of a corporation's cost structure: salaries, cost of goods, real estate, energy costs, etc. All of these must be weighted by the decision makers. Let’s see how Louisville real estate compares to a somewhat similar city such as Charlotte, NC. According to Sperling's (a great source for all kinds of demographic data), Charlotte rates a 98 just under the 100 national average. But Louisville comes in at 85, a far lower cost of living. Looking strictly at residential real estate, here’s how the two cities stack up.
||Avg. Listing Price
||Median Sales Price
||# of Sales
In Louisville, home prices are lower, (i.e. home buyers get more house for their money) and sales activity is higher. So if a company was planning to move part of their operations from a city like Charlotte to Louisville, the company would experience a more business-friendly tax situation, save money on employee salaries due to the lower cost of living, and those same employees get more purchasing power. Along with an up-and-coming technological base, more and more SMBs in Louisville are optimistic about the city's future.
Tre Pryor, a lifelong resident of Louisville, is a Realtor® with RE/MAX Champions. A graduate of the University of Louisville with a degree in Marketing, he has 18 years of professional experience including consultation work for Fortune 200 companies. He uses his extensive Internet expertise to help his real estate clients realize superior results. Tre lives with his wife, three sons and daughter in the Springhurst area of Louisville. Mr. Pryor is also the Editor-in-Chief of the LouisvilleHomesBlog.com where visitors can get targeted real estate news and advice for home buyers and sellers in the Louisville area. You can also find him at TrePryor.com.
It is exciting to have some Kentucky actors in the latest soon-to-be block buster opening March 23, 2012, The Hunger Games
. Louisville, Kentucky's own Jennifer Lawrence
plays the lead, Katniss Everdeen, in this futuristic movie. Josh Hutcherson from Union, KY plays Peeta Mellark, who just may have a thing for Katniss.
A novel by author Suzanne Collins, The Hunger Games
has been adapted for the big screen in a big way. Here is Amazon's Book Description
:Katniss is a 16-year-old girl living with her mother and younger sister in the poorest district of Panem, the remains of what used be the United States. Long ago the districts waged war on the Capitol and were defeated. As part of the surrender terms, each district agreed to send one boy and one girl to appear in an annual televised event called, "The Hunger Games." The terrain, rules, and level of audience participation may change but one thing is constant: kill or be killed. When Kat's sister is chosen by lottery, Kat steps up to go in her place.
It is not a bad thing to have another exciting block buster for our young adults based upon a series of novels. This is the first in a series, just maybe we can get our young adults off the computers, iPhones, and gaming systems a little more and get their noses into a book. The vibe is that not only young adults but adults alike are enjoying this well written, light reading, action adventure series.The Hunger Games Movie Times & Locations:
Hint: Choose March 22 for Midnight ScreeningsThe Hunger Games
- Between what ages must you be in order to enter the reaping?
- What is an "Avox?"
- Which person does Katniss frequently sell strawberries to?
- What industry characterizes Katniss's 'District 12?'
- What is the name of the mutant killer wasps?
We hope you enjoy catching The Hunger Games and watching Louisville's own Jennifer Lawrence in what is expected to be a big block buster.
P.S. While we like to support Louisville actors and people reading more books, we ARE an I.T. Consulting Company here in Louisville. Computers and Data ARE what your business runs on and Absolute Networking is here to help. Being a Microsoft Partner for well over a decade ensures your business is receiving the most in expertise and knowledge. Contact us for a FREE Consultation or give us a call today: 502.267.2552.
Technology for Business, it's what we do.
ANSWERS: 1. To enter the Reaping you must be between the ages of 12 & 18, 2. An Avox is someone whose tongue has been cut out, 3. Katniss sells strawberries to the mayor, 4. Coal Mining is the industry of District 12, 5. Those terrible wasps are called Tracker Jackers.
As part of our new initiative to share a little insight into our family members here at Absolute Networking who make it happen day in and day out, say hello to M.C. Irvin!1. Tell us a little bit about the type of work you do for Absolute Networking.
I really enjoy helping Customers improve the use of technology solutions. It is truly amazing how much small improvements can have a large impact on productivity. Change is not always easy but it can have great benefits. For instance, implementing a new phone system, with voicemail to email, gives a person the ability to call a Customer back sooner so you have improved responsiveness and even better Customer service! 2. When you aren’t doing work for us, what keeps you busy?
I really enjoy the outdoors. What can be better than hiking our beautiful Kentucky countryside on a beautiful day? Hanging out and relaxing on beautiful Lake Cumberland offers a pleasant distraction from “the daily grind.” All things outdoors allow us to enjoy the beauty of our wonderful environment.3. Have you always been in this industry? If not, what brought you where you are today?
I have been around computers for 1,000 years, in some capacity. The evolution of technology moves at a blinding speed and it has always been a fun challenge to try to stay “in the know” and share new technology with others. 4. What’s one thing you love about what you do for a living?
Helping my Customers and earning new ones. There is tremendous gratification in hearing a “Thank You.” When you can show a prospect a new solution or a fresh approach to what they are trying to accomplish, and it propels them toward their objectives, they are grateful. That is a very rewarding experience.5. Tell us a little bit about what you do for fun.
See #26. If you could do one thing for a living that had nothing to do with your current job, what would it be?
Small project construction. I really enjoy planning, building or assembling, and completing small projects. It can be a small woodworking project, landscaping, building a brick fireplace/grill or a host of other small projects. The enjoyment comes in learning what needs to be accomplished, planning, executing and then stepping back and enjoying the gratification of seeing the “fruits of your labor.” 7. What is your favorite food treat, favorite color, favorite tv show, & favorite web site?
Pizza, Blue, I Rarely Watch TV, Google Finance
M.C. Irvin has been in our family for over ten years on our sales team. Feel free to give him a call at our office, email: mcirvin-at-AllCommunicate.com, or connect on LinkedIn
It is that time of year and we like it!!! Although our focus is providing I.T. Support and Technology Solutions to businesses in our area, March is a time of bracketology! At our place, employees play for free. Each employee gets 2 x brackets to fill out: the winner gets bragging rights and a nice dinner out.
First, here are some important March Madness Resources:
We hope this is some trivia that you can 'WOW' your friends with:
- It is not possible for a team to beat four #1 seeds but beating three can happen. Only one team has ever done this, and in what year? Hint: They beat Kansas, North Carolina, and Kentucky.
- What team has the longest ACTIVE streak in tourney appearances? Hint: Overall North Carolina is #1 ever with 27, Arizona 25, and 3rd place is our answer.
- Who was the lowest seeded team to make it to the championship game and in what year? Hints: They won the championship. Seeding started in 1979.
Well, good luck on your brackets. One more thing, we do have to pay the bills... Absolute Networking is a Microsoft Partner, a Cisco Partner, and an experienced I.T. Company providing Technology Solutions for Kentucky and Indiana Businesses. Contact us for a Free Consultation if you are considering a Business Telephone System, looking for new Business Phone Service, or just want to get a 2nd opinion on your I.T. support.
Technology for Business, it's what we do.
(#1. Stanford in 1997 #2. Kansas with 22 straight years, currently active. #3. Villanova in 1985.)
What a neat little video to check out what is going on in Microsoft's big brains for the next 8+ years. We have to guess that these innovations are already in the works, right?
Some other cool Future Technology things to check out:
A top Futurist who is doing, and has done some very exciting things, Ray Kurzweil, might be worth a check out.
As we look to the future do not forget the past, are you familiar with Moore's Law? For you and I the non-scientists, it equates to a double of computing speeds every two years while prices remain a constant. For Moore's law this means today is measured as x1, then in ten years technology will be 32x.
Is your business ready?
For business how does all of this help? Digest all of these future tidbits, then, look at your business & industry. How can you innovate beyond where you are today? Is it possible for your ENTIRE staff to be working from home and or the field and still be effective? What if the decisions you made today started working you toward a more reliable computer network and technology infrastructure? What if you were 5, 10, 15 years ahead of your competitors?
P.S. We can't promise we can predict the future of your industry, but we might be able to offer a 2nd opinion on your business's technology. Give us a shout, fill out our Free Consultation form and maybe your technology decisions can start being based upon a future plan, not just avoiding tomorrow's headaches.