Jul 2014 23

By Rodrick T. Miller, Pres­i­dent & CEO

2012-13-Emp-Growth-Rate

New Orleans’ eco­nomic growth is real and con­tin­ues. Recently released data by the U.S. Depart­ment of Labor’s Bureau of Labor Sta­tis­tics (BLS) shows that New Orleans net­ted 4,585 new pri­vate sec­tor jobs in 2013, bring­ing the annual aver­age for pri­vate sec­tor employ­ment in Orleans Parish to 151,371 jobs. This means the city has now regained 92 per­cent of its pre-Katrina employ­ment. This also means our employ­ment growth rate (at 3.12 per­cent) con­tin­ues to out­pace the state (2.01 per­cent) and the nation (2.08 percent).

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Jul 2014 08

Techturized_Team_With_Check_zpse2b9b19c
PowerMoves.NOLA, the new national ini­tia­tive focused on pro­vid­ing access to cap­i­tal, con­nec­tions and guid­ance to increase the num­ber of America’s venture-backed minor­ity entre­pre­neurs, has announced the results of its three $25,000 pitch com­pe­ti­tions that were held July 4–5 in New Orleans. The initiative’s orga­niz­ers also announced the results of the July 5 Ris­ingstars Demo Day com­pe­ti­tions, which included a $50,000 PowerMoves.NOLA fel­low­ship, and a $25,000 cash award to a sec­ond company.

Chevron Power Moves Power Pitch at ESSENCE Festival 

  • Olubunmi ‘Boomie’ Odu­made, Co-Founder & VP of Engi­neer­ing - Nex­er­cise: A free app mak­ing healthy liv­ing a winnable game. Nexercise’s founders cre­ated the busi­ness based on the premise that exer­cise doesn’t have to be bor­ing, and that peo­ple don’t have to dras­ti­cally change their lifestyles to be healthy. Nex­er­cise offers a new way to stay moti­vated, lose weight, and stay in shape by allow­ing con­sumers to play with friends, earn rewards, defeat chal­lenges, and track their progress on the largest fit­ness mobile inter­ac­tive game of its kind.
  • $5,000 ESSENCE Fes­ti­val Audi­ence Favorite: Delali Kpodzo - We Are Onyx: The all-in-one online beauty plat­form ded­i­cated to Black Women.

 

Lib­erty Bank “Angel” Power Pitch

  • Can­dace Mitchell, Founder/CEOTech­tur­ized Inc.: Was founded by hair enthu­si­asts who want to trans­form the hair care indus­try for women of color through sci­ence and tech­nol­ogy. Their first solu­tion is a mobile app called Mya­vana, a female social net­work which allows col­lab­o­ra­tion on hair care and styling issues through photo shar­ing, hair prod­ucts, and pro­files of stylists.

 

Entergy “Series A” Power Pitch

  • Kellee James, Founder/CEOMer­caris: Addresses the lack of basic mar­ket data avail­able to par­tic­i­pants in the $7 bil­lion organic and non-GMO agri­cul­tural sec­tor. Its trad­ing plat­form pro­vides up-to-date, accu­rate infor­ma­tion on com­mod­ity mar­ket con­di­tions, and allows buy­ers and sell­ers to meet on-line and trade.

 

PowerMoves.NOLA $50,000 Fel­low­ship Recipient

  • Luke Cooper, Founder — Asurvet: A tech­nol­ogy enabled Insur­ance & Finan­cial Ser­vices Com­pany, focused on aver­age incom­ers. The com­pany man­ages risk through insight­ful, data dri­ven tech­nol­ogy that meets con­sumers at key deci­sion points. They inte­grate their prod­uct line with other fund­ing and e-commerce sites through a sin­gle user inter­face. Cooper, who grew up in poverty and whose father was incar­cer­ated for most of his life, ulti­mately used entre­pre­neur­ship as a tool for over­com­ing life’s biggest challenges.

 

PowerMoves.NOLA Ris­ingstars Demo Day $25,000 Award

  • Bea Arthur, Founder — Pret­ty­padde­d­room: Trans­forms tra­di­tional ther­apy into a stream­lined, HIPAA-compliant expe­ri­ence that is afford­able and anony­mous. Using the Dig­i­tal Diary™—an inter­ac­tive jour­nal that facil­i­tates writ­ten con­sul­ta­tions with a poten­tial client’s ther­a­pist of choice—clients can con­nect with an all-female team of licensed ther­a­pists any­time and anywhere.

 

Access the com­plete press release here.

Jul 2014 01

The pur­pose of this project is to iden­tify where oppor­tu­ni­ties exist to con­nect local small busi­nesses to pro­cure­ment oppor­tu­ni­ties at New Orleans insti­tu­tions in the BioIn­no­va­tion and Health Ser­vices cluster.

The pri­mary deliv­er­able of this project will be a sum­mary of best prac­tice research on anchor insti­tu­tion pro­cure­ment strate­gies, a com­pre­hen­sive sur­vey of small busi­nesses that can poten­tially serve the imme­di­ate and future pro­cure­ment needs of New Orleans hos­pi­tals, and a sur­vey of the tech­ni­cal assis­tance providers able to build capac­ity among these small businesses.

DEADLINE IS JULY 22. Down­load the com­plete RFQ and sub­mis­sion instruc­tions here.

Jun 2014 11

ProsperityNOLA - logo

 

One year ago, we launched Pros­per­i­tyNOLA: A Plan to Drive Eco­nomic Growth for 2018. We promised that this was not a plan that would sim­ply sit on a shelf, and we deliv­ered on that promise. One of our goals in Pros­per­i­tyNOLA is to sup­port the strong and grow­ing BioIn­no­va­tion and Health Ser­vices clus­ter in New Orleans. We have real progress to share from the past year, but we still have a long way to go.

Our accom­plish­ments in BioIn­no­va­tion and Health Ser­vices over the past year include:

  • Work­ing with the New Orleans Bioin­no­va­tion Cen­ter to bring ven­ture cap­i­tal investors into New Orleans for their annual Inno­va­tion Louisiana Conference
  • Sup­port­ing Del­gado Com­mu­nity Col­lege in cre­at­ing a first of its kind pro­gram in Louisiana for lab­o­ra­tory tech­ni­cian training
  • Pilot­ing a career edu­ca­tion pro­gram with four local high schools with a focus on careers in the BioIn­no­va­tion and Health Ser­vices cluster
  • Devel­op­ing an Anchor Insti­tu­tion Strat­egy, which incor­po­rates best prac­tices from hos­pi­tals and insti­tu­tions in Cleve­land and other cities with the City of New Orleans and local health ser­vice insti­tu­tions to cre­ate employ­ment and pro­cure­ment oppor­tu­ni­ties for local small busi­nesses and New Orleans residents
  • Attract­ing mar­ket dri­ven invest­ment in New Orleans from com­pa­nies such as Cobalt, which is build­ing a med­ical facil­ity and reha­bil­i­ta­tion hos­pi­tal treat­ing trau­matic brain injuries, con­cus­sions, and Parkinson’s Disease.
  • Devel­op­ing a tran­si­tion strat­egy for the BioDis­trict. The approved tran­si­tion plan will focus on busi­ness devel­op­ment and work­force devel­op­ment, along with iden­ti­fy­ing longer term sus­tain­able fund­ing and a gov­er­nance structure.

For a com­plete list of our accom­plish­ments over the past year across all five tar­get indus­try clus­ters, and all seven work strands, read our Pros­per­i­tyNOLA Updates.

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May 2014 28

ProsperityNOLA - logo

 

Today we are excited to release our sec­ond Pros­per­i­tyNOLA Strate­gic Advi­sory Coun­cil Update. This update details our activ­ity toward the imple­men­ta­tion of Pros­per­i­tyNOLA from March – May 2014. Pros­per­i­tyNOLA is the com­pre­hen­sive plan to drive eco­nomic growth in New Orleans by 2018, the City’s tri­cen­ten­nial anniver­sary. We are proud to report great strides on the fol­low­ing projects:

  • Devel­op­ing a tran­si­tion strat­egy for the BioDistrict
  • Launch­ing PowerMoves.NOLA
  • For­mu­lat­ing an Anchor Insti­tu­tion Strategy
  • Devel­op­ing a High School Career Tech­ni­cal Edu­ca­tion (CTE) Program
  • Con­tin­u­ing work toward achieve­ment of Indus­try Coun­cils’ 2014 priorities

Click here to access the com­plete Pros­per­i­tyNOLA update. 

May 2014 22

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Today, Cobalt Med­ical Devel­op­ment broke ground on a new reha­bil­i­ta­tion facil­ity, fuel­ing expan­sion of the Bio Med­ical Cor­ri­dor. The devel­op­ment, set to take place on a cur­rently vacant lot, brings to New Orleans a $22 mil­lion cap­i­tal expen­di­ture project that will result in 165 per­ma­nent jobs and a state-of-the-art med­ical facil­ity and reha­bil­i­ta­tion hospital.

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