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.

Feb 2014 14

NOLABA is hir­ing a third party con­trac­tor to assess the finan­cial capac­ity of the New Orleans mar­ket to fund the five year strate­gic plan, Pros­per­i­tyNOLA along with other NOLABA led ini­tia­tives. This would inform a three year fundrais­ing strat­egy begin­ning in Jan­u­ary 2015 and end­ing Decem­ber 2017.

Click here to down­load the com­plete project descrip­tion and pro­posal sub­mis­sion instruc­tions. Pro­pos­als will be due on or before March 15, 2014 at 5:00  p.m. CST.

For more infor­ma­tion, con­tact the New Orleans Busi­ness Alliance at 504.934.4500. or email RFP@nolaba.org.

Feb 2014 05

Firm returns to its New Orleans roots with project result­ing in more than 210 new direct and indi­rect jobs

Today, Gov. Bobby Jin­dal and Inter­na­tional Shiphold­ing Corp. Pres­i­dent Erik L. Johnsen announced the com­pany will relo­cate its cor­po­rate head­quar­ters from Mobile, Ala., to New Orleans, where the busi­ness was founded in 1947. Listed on the New York Stock Exchange as ISH, the com­pany owns and oper­ates a global fleet of water­borne cargo ves­sels. ISH recorded annual rev­enue of more than $310 mil­lion in its just-concluded 2013 fis­cal year. After Hur­ri­cane Kat­rina, recov­ery chal­lenges led the com­pany to relo­cate its cor­po­rate head­quar­ters to Mobile.

In New Orleans, ISH will cre­ate 100 new direct jobs at a 45,000– to 50,000-square-foot head­quar­ters facil­ity in the city’s Ware­house Dis­trict, where the com­pany will soon com­plete a pur­chase of prop­erty already under con­tract. The new direct jobs will aver­age $70,000 per year, plus ben­e­fits, and LED esti­mates the project will result in an addi­tional 113 new indi­rect jobs, for a total of more than 210 new jobs in the greater New Orleans area.

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