LOUISVILLE, Ky. (WHAS11) – The city of Louisville has the potential to breed a local food economy that could be estimated around $800 million a year according to a recent study.
Mayor Greg Fischer presented the findings at the Local Food Economy roundtable.
The Karp Resources Study shows Louisville residents are currently spending $100 million on local food but they want to purchase an additional $158 million a year.
Commercial buyers are spending $214 million but would be willing to spend an additional $139 million on local food.
Mayor Fischer says that translates into jobs.
“When you hear this $800 million dollar potential market and let’s say our productivity per person is 100,000 which is probably high in the farming community. That’s 8,000 jobs and if it’s 50,000 per person, it’s 16,000 jobs,” Mayor Fischer said.
Mayor Fischer says expanding Louisville’s local food economy is not only good for tourism but it’s also a good way to bridge urban areas with rural areas within Louisville.