Vol. 3: The View from New York


The View from New York

Two weeks ago a group of GNO, Inc. staff, board members and local senior executives traveled to New York on a business development and media tour. Our mission was to sell the region to companies, consultants and the press. In this regard, the trip was a great success: we met with a manufacturer with a strong interest in building a 500-person facility in our region; we initiated relationships with influential “site selector” consultants; and, we were able to tell our story to national publications including theWall Street Journal, Time magazine and Fast Company.

However, we did more than talk – we listened. We listened to what business executives thought about investing in our region. We listened to what the media perceived to be the issues of key interest. And, this being New York, we listened to what dozens of ordinary people on the street had to say – without even being asked.

Here is what we heard:

On the positive side,

  • Everyone still loves New Orleans. People conflate New Orleans with the entire region, if not state, and they all “love that town”
  • Jindal gets high marks. His performance during Gustav cemented his reputation as a sharp, capable leader – and a key economic development asset
  • Our region’s performance during Gustav, with enhanced coordination and infrastructure, was seen as evidence of progress

On the negative side,

  • Workforce quality and availability, from manufacturing to high-tech, is a major concern
  • There is still a wide-spread misperception that the vast majority of our region is below sea-level. (In fact, 70% of our region is above sea level)
  • Knowledge of our unique assets – 6 class A railroads, top-3 production of oil and gas, a NASA facility, influx of young knowledge-workers, etc. – is remarkably low

The take-away from NYC was clear: people like us. They want us to succeed. They are interested in investing in our region. However, we have our work cut out for us. Going forward, we must maintain a strong dual focus: improving both the perception and the reality of doing business in Greater New Orleans.

Economic Development News

Resources: Small businesses affected by 2008 hurricanes
Full story…

LA Economic Impact: Hurricanes Gustav and Ike
Full story…

New Orleans is ready for new business after 2008 hurricanes
Full story…

State Bond Commission OKs $207M for New Orleans area
Full story…

US Department of Commerce Awards $9.3M to help with LA recovery
Full story…

Textron awarded $313M contract for Army vehicles
Full story…

The State of the Port of New Orleans
Full story…

West Bank Business Park back on track
Full story…

St. Tammany EDF Report: Parish economy stable
Full story…

America’s Favorite Cities: New Orleans ranks No. 1 for food and music
Full story…

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Around the Region

Announcements and Events

Economic Outlook Forum, featuring Federal Reserve Bank of Atlanta
September 30
Full story…

2008 BizTech Expo, Top 100 Luncheon, LA Leadership Symposium
October 8 and 9
Full story…

A Perfect 10: An Update on the I-10 Economic Corridor
October 13
Full story…

Louisiana Aerospace Industry Day
October 15
Full story…

Newest New Orleanians Breakfast with the Mayor
October 23
Full story…

Take our Employer Workforce Survey
Full story…

504ward launches new website and contest to keep the brain gain
Full story…

GNO, Inc. unveils the new, award winning website
Full story…

Do you have news or events that you would like to share in our upcoming editions? Let us know…
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