Apr 2014 17

By Rodrick Miller, Pres­i­dent & CEO

Data and met­rics are among the sharpest tools in our toolkit to drive progress in New Orleans. When we have accu­rate infor­ma­tion on our econ­omy and qual­ity of life, we can pro­vide a clearer pic­ture of New Orleans’ eco­nomic health, dis­pel or rein­force per­cep­tions about our com­pet­i­tive­ness when com­pared with other com­mu­ni­ties, and pri­or­i­tize areas of focus to ensure long-term pros­per­ity. Reports such as The Data Center’s Index at Eight and the City of New Orleans’ recently released 2013 Result­sNOLA Report pro­vide data to help build the case for invest­ment in New Orleans and frame the con­ver­sa­tion around the great oppor­tu­ni­ties our city presents.

In line with the Lan­drieu administration’s com­mit­ment to improv­ing the account­abil­ity, trans­parency, and per­for­mance of City gov­ern­ment, Result­sNOLA pro­vides quar­terly updates on the progress towards goals for all City of New Orleans depart­ments. The 2013 year-end Result­sNOLA report includes a num­ber of eco­nomic, qual­ity of life, and other met­rics rel­e­vant to our work. Specif­i­cally, Result­sNOLA offers excit­ing insights into New Orleans’ eco­nomic health as com­pared with bench­mark com­mu­ni­ties such as Raleigh, Miami, and Nashville. These com­par­isons help con­tex­tu­al­ize New Orleans’ value propo­si­tion for cor­po­rate invest­ment, and per­haps offer a few sur­prises in terms of our abil­ity to com­pete with sim­i­lar South­ern cities.

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Mar 2014 20

by Rodrick Miller and Tim Williamson

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Next week, we will gather together as a com­mu­nity to sup­port and cel­e­brate our local entre­pre­neur­ial ecosys­tem at the 6th annual  New Orleans Entre­pre­neur Week (NOEW), March 22–28. The incred­i­ble lineup of over 80 unique events and activ­i­ties this year are designed to offer entre­pre­neurs in a vari­ety of indus­tries and at vary­ing stages of startup devel­op­ment the oppor­tu­nity to con­nect with expert advi­sors, poten­tial investors, and audiences.

We all want a brighter eco­nomic future in New Orleans, and NOEW is one ini­tia­tive that is help­ing us achieve it. In align­ment with Pros­per­i­tyNOLA: A Plan to Drive Eco­nomic Growth for 2018, NOEW is our sig­na­ture annual event to sup­port entre­pre­neur­ship and inno­va­tion in our com­mu­nity. NOEW also pos­i­tively impacts New Orleans’ econ­omy in other crit­i­cal ways. By draw­ing national media atten­tion to our emerg­ing entre­pre­neur­ial com­mu­nity, NOEW gen­er­ates pos­i­tive per­cep­tions about doing busi­ness in New Orleans that will increase invest­ment in our mar­ket. Addi­tion­ally, by col­lab­o­rat­ing with diverse local part­ner orga­ni­za­tions, The Idea Vil­lage is able to effec­tively lever­age resources and gen­er­ate broader com­mu­nity sup­port and pro­gram­matic diver­sity for NOEW each year.

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Mar 2014 11

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Today, New Orleans Startup Fund CEO Leslie Jacobs was joined by the New Orleans Busi­ness Alliance (NOLABA), Advi­sor to the Mayor for Eco­nomic Devel­op­ment Aimee Quirk, rep­re­sen­ta­tives of Chevron, the 2014 ESSENCE Fes­ti­val™ Pre­sented by Coca-Cola®, Greater New Orleans, Inc. (GNO, INC), and a host of dig­ni­taries and busi­ness lead­ers to launch PowerMoves.NOLA, an ini­tia­tive to sup­port minor­ity entre­pre­neurs by pro­vid­ing access to cap­i­tal, high-impact men­tors, and tech­ni­cal assis­tance. PowerMoves.NOLA grew out of rec­om­men­da­tions made in Pros­per­i­tyNOLA related to entre­pre­neur­ship, small busi­ness growth, and equity.

Read sto­ries about PowerMoves.NOLA from:

 

Watch video about PowerMoves.NOLA from:

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Feb 2014 24

by Rodrick Miller, Pres­i­dent & CEO

As we cel­e­brate the accom­plish­ments and con­tri­bu­tions of African Amer­i­cans to our nation this Black His­tory Month, I want to per­son­ally acknowl­edge the incred­i­ble progress African Amer­i­cans and African Amer­i­can busi­nesses have made in New Orleans. Great strides have been made in the last gen­er­a­tion: between 1982 and 2007, the num­ber of minority-owned com­pa­nies with employ­ees in the city has grown 390%. With that said, New Orleans has a long way to go to achieve a truly equi­table eco­nomic future.

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Feb 2014 21

Greater New Orleans, Inc., GE Cap­i­tal Tech­nol­ogy Cen­ter, and the New Orleans Busi­ness Alliance are proud to announce that a group of local tech­nol­ogy com­pa­nies have joined forces to build local aware­ness of the rapid momen­tum of and employ­ment oppor­tu­ni­ties in the tech­nol­ogy com­mu­nity. The coali­tion will kick off this effort by spon­sor­ing new ‘Big River Stage’ at this year’s New Orleans French Quar­ter Fes­ti­val. Par­tic­i­pat­ing com­pa­nies include 365 Con­nect, Car­roll­ton Tech­nol­ogy Part­ners, Cotin­ga­Soft, Fat Happy Media, Fed­er­ated Sam­ple, GE Cap­i­tal Tech­nol­ogy Cen­ter, Launch­Pad, NOVO Com­mu­ni­ca­tions, Search Influ­ence, Touch Stu­dios, and TurboSquid.

The tech­nol­ogy sec­tor in Greater New Orleans has boomed in recent years and was recently named the #3 city in Amer­ica win­ning the bat­tle for IT jobs, behind San Fran­cisco and Sil­i­con Val­ley.   And the sec­tor is poised for con­tin­ued growth with aggres­sive dig­i­tal media incen­tives, favor­able tax cli­mate, work­force avail­abil­ity, unique cul­ture, and com­pet­i­tive busi­ness climate.

Local tech­nol­ogy com­pa­nies inter­ested in join­ing this coali­tion or spon­sor­ship oppor­tu­nity should con­tact Tracy Thomas at Tracy.Thomas@ge.com.

Feb 2014 17

We are pleased to release our 2013 Busi­ness Reten­tion & Expan­sion Report, fea­tur­ing the results of nearly 150 Orleans Parish com­pa­nies that were sur­veyed online and in per­son in 2013. The report pro­vides an overview of the busi­ness cli­mate in New Orleans, from the per­spec­tive of com­pa­nies in diverse industries.

We are excited to report that over­all, the New Orleans busi­ness com­mu­nity is grow­ing and opti­mistic about the future:

  • 64% per­ceived their busi­ness is grow­ing; only 5% per­ceived a decline in their business
  • 74% of respon­dents felt the busi­ness cli­mate has improved since 2008
  • 90% expect the busi­ness cli­mate to improve over the next five years

 

A major­ity of com­pa­nies sur­veyed reported increased cus­tomers, sales and prof­its in 2013:

  • 72% saw an increased cus­tomer base
  • 71% saw an increase in sales
  • 64% saw an increase in profits

 

The sur­vey cap­tured diverse New Orleans com­pa­nies, includ­ing minority-owned businesses:

  • Of the 149 sur­vey respon­dents, 25% iden­ti­fied them­selves as minor­ity owned businesses.
  • 60% of minor­ity owned busi­nesses reported an increase in prof­its over the past year.

 

Access the 2013 Busi­ness Reten­tion and Expan­sion Report for the com­plete results.

The 2013 Busi­ness Reten­tion and Expan­sion sur­vey is one way we sup­port exist­ing Orleans Parish busi­nesses. Last year, we pro­vided assis­tance, rang­ing from demo­graphic data to per­mit­ting, to 51% of com­pa­nies we sur­veyed in 2013. The results we gath­ered from the sur­vey will inform our work mov­ing for­ward in 2014 to cre­ate jobs and drive eco­nomic growth in New Orleans.

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