After telling Mayor-elect Greg Fischer that he was unsure about his future, Bruce Traughber, Louisville’s economic development director, has been named senior vice president of economic development for Nucleus — the University of Louisville’s life sciences and innovation business development arm.
From the Mayor’s Office:
Traughber’s responsibilities will include cultivating economic development opportunities on behalf of Nucleus, as well as supervising construction of Nucleus properties, including the recently announced downtown research park at the Haymarket site.
He will officially join Nucleus on January 3, 2011.
“Bruce has done a spectacular job recruiting businesses and creating jobs for Louisville Metro,” said UofL President James Ramsey. “Now, the University of Louisville’s Nucleus project will benefit from Bruce’s contacts and expertise as we continue to expand our knowledge and research-based economic development efforts.”
Traughber’s primary responsibility will be recruitment of companies interested in relocating to Nucleus facilities, and in turn working with city and state agencies creating mutually beneficial incentive packages for those firms.
“I’m excited that Bruce will be working to expand the life-sciences center at Nucleus.” Mayor Jerry Abramson said. “He has been a tremendous part of this community’s economic development success for more than two decades.”
He will interface with Mayor-Elect Greg Fischer’s economic development team, the Governor’s Economic Development Cabinet and other community and government officials critical to the process. Nucleus will also benefit from his experience in efforts to maximize the effectiveness of Nucleus’ Tax Increment Financing (TIF) districts. In addition, Traughber will be responsible for planning and supervising construction of Nucleus properties.
In his role as director of economic development for Louisville, Traughber managed a 140-person staff and supervised several agencies, including the Metro Development Authority, Parking Authority of River City, Air Pollution Control District and KentuckianaWorks. Prior to joining Metro Louisville government, he served as president of the Louisville and Jefferson County Riverport Authority from 1991 to 1996.
He is credited with the growth of both Riverport industrial park in the southwest part of the county, and the Hurstbourne Green office development in the eastern part. He was involved in negotiations for several notable city projects, including Fourth Street Live, the Louisville Marriott Downtown and the KFC Yum! Center.
In 2008, Traughber was elected to the Kentucky Economic Development Hall of Fame by the Kentucky Association for Economic Development. He also received the Commercial Real Estate Achievement Award in 2007.