Jan 2014 03

by Rodrick T. Miller, Pres­i­dent & CEO

This year, New Orleans was fea­tured many times in the national spot­light as a pro­gres­sive city with favor­able con­di­tions for busi­ness growth and invest­ment. We are also com­pet­i­tive in qual­ity of life rank­ings, and New Orleans was con­sis­tently rec­og­nized as one of the best cities in the nation in which to live and work in 2013.

Eco­nomic Competitiveness:

  • New Orleans was named the #1 Grow­ing Metro Area for Employ­ment[Brook­ings Institution]
  • New Orleans is America’s New Fron­tier for Busi­ness Oppor­tu­nity [Forbes]
  • New Orleans was named #2 in Post-Recession Per­for­mance in the USA[Brook­ings Institution]
  • Among the 50 most pop­u­lous met­ros, the New Orleans metro ranked #1 for exports per capita (2012) and #2 for high­est export growth rate between 2005 and 2012 in the nation [U.S. Depart­ment of Commerce]

Tal­ented Workforce:

  • LED Fast­Start work­force train­ing has been ranked #1 in the USA four years in row [Busi­ness Facilities ]
  • New Orleans has grown faster than any other major U.S. city since the reces­sion [U.S. Cen­sus Bureau ]
  • New Orleans has enjoyed five straight years of net in-migration [US Cen­sus Bureau]
  • New Orleans ranks as the Top Ten Youth Mag­net Cities for growth of a young adult pop­u­la­tion aged 15–25 [Forbes]

Qual­ity of Life:

Effec­tive Eco­nomic Devel­op­ment Leadership:

[Continue Reading...]
Dec 2013 31

Today, Mayor Mitch Lan­drieu, the Mayor’s Office of Eco­nomic Devel­op­ment and the New Orleans Busi­ness Alliance applauded the suc­cesses of the City’s eco­nomic devel­op­ment efforts dur­ing 2013. Through­out the year, the City attracted nation­ally rec­og­nized retail­ers and was dis­tin­guished as a hub for eco­nomic inno­va­tion and growth.

This past year we took huge steps towards grow­ing our econ­omy and saw a tremen­dous retail boom and major busi­ness devel­op­ments,” said Mayor Lan­drieu. “We were suc­cess­ful in not only bring­ing busi­nesses back to New Orleans, but also uti­liz­ing public-private part­ner­ships to help cre­ate new jobs and options for our res­i­dents and vis­i­tors. This ground­work will lead the way for a 2014 filled with even more eco­nomic growth and good news.”

Rodrick Miller, Pres­i­dent and CEO of the New Orleans Busi­ness Alliance, the City’s offi­cial public-private part­ner­ship for eco­nomic devel­op­ment, described 2013 as a remark­able year for New Orleans.

This year we launched Pros­per­i­tyNOLA, a dynamic 5-year strate­gic plan that intro­duced strate­gies to pro­mote col­lab­o­ra­tion, invest­ment, work­force, entre­pre­neur­ship that will secure the City’s eco­nomic future.” Miller said. “New Orleans is well on her way to becom­ing a global leader in busi­ness and a pro­to­type for cor­po­rate invest­ment. Under the stel­lar lead­er­ship of Mayor Lan­drieu and our busi­ness com­mu­nity, we are sure to have a phe­nom­e­nal 2014.”

[Continue Reading...]
Dec 2013 12

By Rodrick Miller, Pres­i­dent & CEO

In the story of New Orleans’ eco­nomic trans­for­ma­tion, small busi­nesses play a lead­ing role. Against the odds, tena­cious and savvy New Orlea­ni­ans have built their own com­pa­nies. Whether look­ing at tra­di­tional busi­ness to con­sumer com­pa­nies or high growth star­tups, New Orleans has proven itself as a mar­ket primed for growth. In fact, New Orleans leads the nation by 53% in our num­ber of start-ups per capita. It may also come as no sur­prise that the major­ity of busi­ness estab­lish­ments in New Orleans are small busi­nesses. Today, 90% of New Orleans com­pa­nies employ less than 25 peo­ple.
We should be proud of the strong pres­ence of small busi­nesses in New Orleans, how­ever, we must also pro­vide the sup­port they need to grow their rev­enues and employ more peo­ple. Nation­ally, since 1995, small busi­nesses (defined by the SBA as busi­nesses with >500 employ­ees) have gen­er­ated 64% of the new jobs in our econ­omy, and paid 44% of the total US pri­vate pay­roll. Accord­ing to the Inter­na­tional Eco­nomic Devel­op­ment Coun­cil, at least 70% of job growth in a com­mu­nity occurs when exist­ing busi­nesses grow and expand – there­fore, sup­port­ing small busi­ness growth is a crit­i­cal strat­egy for New Orleans to increase jobs and investment.

[Continue Reading...]
Dec 2013 10

For our most recent newslet­ter issue focus­ing on small busi­ness, we caught up with Phyl­lis Cas­sidy, Founder and Exec­u­tive Direc­tor of Good­Work Net­work to learn more about her organization’s work in New Orleans.

What does your orga­ni­za­tion do to sup­port small busi­nesses and entrepreneurs?

We pro­vide one-on-one coun­sel­ing and train­ing for over 700 small busi­ness own­ers and aspir­ing entre­pre­neurs each year. The core of our train­ing is a 30-hour Entre­pre­neur­ship Series, which is an inten­sive course that teaches par­tic­i­pants about crit­i­cal busi­ness func­tions and helps them to com­plete a full busi­ness plan. In addi­tion to train­ing, we work with busi­nesses to develop mar­ket­ing strate­gies, build finan­cial record keep­ing sys­tems, improve their credit, and address chal­lenges.  Once busi­nesses have a sound busi­ness struc­ture we con­nect them with mar­ket oppor­tu­ni­ties and assist them in access­ing capital.

[Continue Reading...]
Page 8 of 36« First...678910...2030...Last »