SMILEY PETE
PUBLISHING
MARCH 15, 2013 VOLUME 9, ISSUE 6
www.bizlex.com
$2.25
A PA R T N E R I N P R O G R E S S
White, Greer and Maggard’s intentional philanthropy PAGE 7
HIGHER ED MATTERS
Focus: The New Office
Education reform program lands at UK
THE BUSINESS OF FAMILY-FRIENDLY
By Jane S. Shropshire
UK College of Agriculture’s Maine Chance Farm PAGE 12
COLUMNIST: HIGHER ED MATTERS
“I
magine every student in this country prepared for life, prepared for citizenship, prepared for a career of success. … Imagining is not enough,” said Gene Wilhoit, at a press conference announcing the new N ational Center for Innovation in Education at University of Kentucky’s College of Education. Wilhoit, a for mer education commissioner in Kentucky and, more recently, director of the Council of Chief State School Of ficers in Washington, D.C., was instrumental in the development and adoption of the Common Core State Standards by 45 states. He will now head this national center , which opens with funding from the Bill & Melinda Gates Foundation and the W illiam and Flora Hewlett Foundation. The center will contribute to the national education refor m agenda with a focus on ensuring more states are adopting and implementing a standard definition of college and career readiness that embodies “deeper learning” outcomes, implementing meaningful measures of those outcomes and holding all levels of the system accountable for results. SEE HIGHER ED PAGE 9
Business is booming for Lexington’s startup community PHOTO FURNISHED
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BY SUSAN BANIAK | BUSINESS LEXINGTON
ant to keep employees closely committed to your business? Invest in keeping their families closer . That’s the message resonating with companies in Lexington and beyond that want to recruit and retain top talent, particularly in today’s more competitive job markets. As companies seek to enhance the value of their human capital, many are finding what employees most need, beyond the standard security of a solid 401k and good health benefits, is an extra hand to help them juggle a multitude of family responsibilities, from childcare arrangements to elder care for aging parents to financial aid and admissions planning for college-bound dependents. SEE HUMAN RESOURCES PAGE 15
By Doug Martin CONTRIBUTING WRITER
L
exington is enjoying an upsur ge of entrepreneurial energy. In recent years, a great many public and private efforts have focused on ener gizing Lexington’s startup community. In January, the Lexington Venture Club (LVC) held its annual “Who Got the Money” celebration for local entrepreneurs at the Toasted Barrel in downtown Lexington. Warren N ash, director of UK’s Lexington Innovation & Commercialization Center , announced that during the past year , 87 of Lexington’s emerging tech companies received a total of $83.8 million in venture capital and startup funding. These businesses have a large effect on our local economy, employing more than 820 people with full-time salaries averaging about $70,000 per year. SEE VENTURE CAPITAL PAGE 19
INSIDE
POINTS OF INTEREST: KENTUCKY INNOVATION PAGE 3 • BRIEFS PAGE 4 • WHO’S WHO IN LEXINGTON PAGE 6 • BUSINESS BOOK REVIEW PAGE 8 FINANCIAL PLANNING IN 2013 PAGE 10 • “IT’S YOUR REALITY” PAGE 11 • WORKING FROM HOME PAGE 14 • MEANINGFUL WORK PAGE 16 BIZLISTS: VENTURE CLUB RECIPIENTS PAGE 20 • LANGUAGE B PAGE 21 • PARTING THOUGHTS PAGES 24-25 • LEADS PAGE 26
Margaux Farm’s Josh Stevens PAGE 13
The NAWBO and Local Food Initiatives PAGE 22
Paulie’s Toasted Barrel PAGE 23