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Lockheed Martin Announces Liquefied Natural Gas Project Creating 166 New Direct Jobs In New Orleans

Gov. Bobby Jindal and Lockheed Martin IS & GS-Defense President Gerry Fasano announced Lockheed Martin will make a $3 million capital investment at NASA’s Michoud Assembly Facility to manufacture cryogenic tanks for liquefied natural gas (LNG). The LNG tanks, which initially will be used for ship propulsion, are part of Lockheed Martin’s increased emphasis on converting defense technology to commercial applications. The project will create 166 new direct jobs and another 236 new indirect jobs, for a total of more than 400 new direct and indirect jobs.

03/15/2013 | Read Story »

New Orleans region needs to solidify business victories for long term, GNO Inc. leader says

The past year was full of accolades for New Orleans, from national publications and research groups, on the city’s business climate, economy, strength as a tourism draw and performance as host of Super Bowl 2013. “Both our reality and our perception are changing,” said Michael Hecht, president of the Greater New Orleans Inc. economic development group, giving his annual overview Thursday of the region’s progress.

03/14/2013 | Read Story »

GNO Delivers ‘State of The Union’ on NOLA growth

Greater New Orleans, Inc held its annual year in review luncheon, and from the sound of GNO Inc’s President and CEO, Michael Hecht, New Orleans is soaring above other cities in all aspects. According to GNO’s progress reports, in the last five years New Orleans has transformed from a struggling city, fearful of the next hurricane Katrina, to earning number ones across the board.

03/14/2013 | Read Story »

1000 area leaders meet today to map region’s economic future

Greater New Orleans, Inc., the economic development organization for the 10-parish region, will host its annual meeting today. Leaders will be discussing how to keep up the growth momentum once the Katrina rebuilding funds wind down over the next three years. Add to that the fact that the rest of the country is recovering from the Great Recession and will present more formidable competition to the New Orleans metro, and it’s clear the economic sands are shifting under the Crescent City.

03/14/2013 | Read Story »

Economic development seeing success in Crescent City

More than 1,000 people listened to why the Crescent City is seeing economic development success Thursday at an event business leaders called an economic state of the union for New Orleans.

03/14/2013 | Read Story »

New Orleans area makes dramatic progress but needs to build on success: Michael Hecht

The progress of greater New Orleans over the past five years has been rapid and dramatic; the publisher of Forbes called it “one of the great turnarounds in American history.” And, indeed, there is a preponderance of evidence that the metro area has not only come back from Katrina, but has come back better than ever.

03/13/2013 | Read Story »

Katrina comeback offers strategies for Staten Island businesses

New York and New Orleans have decidedly different economies — but small businesses walloped by Hurricane Sandy might be able to find lessons in what worked, and what didn’t, for their southern counterparts in the aftermath of Hurricane Katrina in 2005.

03/10/2013 | Read Story »