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:
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.
Today, Mayor Mitch Landrieu, the Mayor’s Office of Economic Development and the New Orleans Business Alliance touted a 9.6 percent growth in the City’s sales tax revenue over 2013. In the quarterly Revenue Estimating Conference, committee members cited positive trends in population growth and visitor attraction efforts as key drivers in additional revenue collected by the City. Simultaneously, City Officials note the attraction of nationally recognized retailers and developers as a source of that growth.
by Rodrick T. Miller, President & CEO
The nation’s leading microbusiness event, The Association for Enterprise Opportunity (AEO) National Conference, will be held in New Orleans May 5 — 7 at the Astor Crowne Plaza. AEO engages policymakers, business leaders, social entrepreneurs, and community activists in ongoing collaboration regarding the critical role the smallest businesses have in creating jobs and growing the nation’s economy. AEO’s work is closely aligned with our strategic five-year plan for New Orleans, ProsperityNOLA. AEO and ProsperityNOLA share common goals: drive job and wealth-creation opportunities. Specifically, the strands of our plan that recognize the importance of growing small businesses and equity as a growth strategy are directly aligned with AEO’s work around microcapital and their catalyst initiative. A sure path to that end is supporting microbusiness.