Vol. 29: The Economic Engine that Could

At last week’s Louisiana Industrial Development Executive Association (LIDEA) Annual Meeting, Ron Starner, the General Manager of Site Selection magazine, gave a keynote with the wordy but compelling title: “The Louisiana Turnaround – How the State Won the Site Selection Competitiveness Award and What It Must Do to Remain on Top.”

In his presentation, Ron told the remarkable story of how in just a few short years, Louisiana has gone from a non-contender to the #1 state in the country for business competitiveness. For 2010, the Top 10 states were:

  1.      Louisiana
  2.      Virginia
  3.      Texas
  4.      North Carolina
  5.      South Carolina
  6.      Kansas
  7.      Georgia
  8.      Indiana
  9.      Pennsylvania
  10.      Ohio

Key success factors for Louisiana cited by Starner included: ethics, tax, and workforce reform; new programs at Louisiana Economic Development; targeted incentives; aggressive marketing; elected leadership; economic development leadership; and broad post-Katrina investment.

Importantly, Starner also spoke about what we will have to do to maintain and grow this momentum into the future: ensure that our laws, institutions, and culture remain pro-business, pro-innovation, and – most of all – pro-active; constantly telling our redemption story to the world, so that we create a virtuous cycle of success, and continue to rebrand Louisiana and Greater New Orleans as one of the best opportunities in the country for a business, or a family.

Michael Hecht
President and CEO
Greater New Orleans, Inc.

Economic Development News

Gameloft New Orleans Studio Manager Talks About the Gaming Boom in the Big Easy
Click here to learn more

Entergy New Orleans sees increase in number of customers
Click here to learn more

NYT Editorial: Future of the Gulf
Click here to learn more

Vimeo Launches Audiosocket-Powered Music Store
Click here to learn more

New Orleans selected as #7 Best City For Jobs Right Now
Click here to learn more

Kickboard participates in Education Nation Innovation Challenge
Click here to learn more

NYSE Euronext and The Receivables Exchange to Jointly Market Corporate Receivables Program
Click here to learn more

GNO, Inc. is hiring for two open positions
Click here to learn more

Around the Region 

Announcements and Events

Nov. 4, 2011
Kean Miller Employment Update 2011
Click here to learn more

Nov. 4, 2011
Tulane Family Business Forum presents “Managing Ethical Challenges in the Family Business”
Click here to learn more

Nov. 6-9, 2011
National SBIR Fall Conference
Click here to learn more

Nov. 10, 2011
Committee for a Better New Orleans Citizen Participation Awards luncheon
Click here to learn more

Nov. 11-13, 2011
3 Day Startup NOLA
Click here to learn more

Nov. 16, 2011
Freeman Speaker Series, feat. Lorna Donatone
Click here to learn more

New Investors and Funders (Since August 27, 2011) 
Thank you to our new and increased investors.

1515/1555 Poydras

Bruno & Bruno

Charles Stewart Mott Foundation

First NBC Bank

Laitram, L.L.C.

Latter & Blum

New Orleans Saints