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.
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.[Continue Reading...]