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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May 2014 21

2012-05-08 18.02.50
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.

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May 2014 01

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, Pros­per­i­tyNOLAAEO 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.

Access detailed infor­ma­tion on the AEO National Con­fer­ence in New Orleans and a sched­ule of events here.

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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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