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5 > Image 5 of Minutes of the University of Kentucky Board of Trustees, 2011-05-03

Part of Minutes of the University of Kentucky Board of Trustees

-5- As a result, UK will be able partially to finance much-needed laboratory and incubator space. UK will solicit a master developer to build a mixed-use town center and use the taxes generated to fund new research buildings, as well as to be a catalyst for retaining and recruiting biotech companies to Coldstream. A request for proposal (RFP) will be released at the end of May to select a qualified master developer to design and build the town center and laboratory buildings, and to restore the historic Camahan House in a 35-acre TIF district. Atlanta-Based Allconnect Sales and Service Center Comes to Coldstream The Atlanta-based company Allconnect Inc. will create 220 new jobs and invest nearly $7 million to establish a 32,000 square foot sales and customer care center at the Coldstream Research Campus. Allconnect is expected to open in May and will occupy the entire fourth floor ofthe Lexhold building at 1648 McGrathiana Parkway. Allconnect allows consumers to order or transfer home services, such as satellite and cable TV, Intemet, phone, and home security. Allconnect is a client of the Bluegrass Business Development Partnership between the UK Office for Commercialization and Economic Development, Commerce Lexington, and city govemment. In addition, President Todd praised UK s Len Heller, Provost Subbaswamy, and faculty members for working to retain another growing business TempurPedic, which will build a l00,000 square foot building at Coldstream. UK Economic Development Efforts Help State Tie for Fifth in Entrepreneurship Increase President Todd mentioned that there is proof that UK is an important player in working to keep sustainable jobs in the area. Kentucky tied with Califomia and Texas as one ofthe top l0 states with the largest increase in entrepreneurial activity over the past decade, according to the Kaufman Index of Entrepreneurial Activity, a leading indicator of new business creation in the United States. The creation of the universitys Office for Commercialization and Economic Development in late 2006 is credited with having played a vital role in such activity. President Todd suggested that despite the brevity of his remarks about PR l, the other items in PR l merit examination. J. Reappointment to Board of Directors of the Fund for Advancement of Education and Research in the University of Kentucky Medical Center (PR 3) President Todd recommended that the Board approve the reappointment of Anita Britton to a directorship in The Fund for two years ending June 30, 20l3. Dr. Brockrnan asked for a motion of approval of PR 3. Mr. Stuckert moved approval. Ms. Patterson seconded. The motion passed without dissent. (See PR 3 at the end ofthe Minutes.) Dr. Todd concluded his remarks by expressing his appreciation to Chainnan Brockrnan, Search Committee Chainnan Stuckert and the other members ofthe search committee, the Board of Trustees, and the many others who worked with the Board for their parts in the search process.