In the prior segments of a recent interview with Michael Hecht, President and CEO of Greater New Orleans Inc (GNO Inc), he and I talked about the incredible growth opportunities available to the region. The city is now more global than ever, with direct flights from London, Frankfurt and from Central America. A new $8.5 billion liquid natural gas project has just been launched in Plaquemines Parish. More conventions are locating in the region, especially those that bring with it young enthusiastic and talented people from across the world who labor in the area of new and applied technologies. Two conventions, Collision and ResCon will be on display this spring. The industry of water and the applications within the cities and communities of the world is going uphill with rapid growth.
Imagine paying twenty to twenty-five-thousand dollars for flood insurance for a $250,000 property. Difficult to sell the property or to buy the new home or commercial building?
Every year, GNO Inc. conducts its annual meeting luncheon and its President and CEO Michael Hecht presents an overview of the prior year in front of a massive audience in New Orleans, ranging from 1000 to 1200 attendees. And every year, without failure, the audience appears more supercharged about the new opportunities available in the area of economic development.
Louisiana has made significant advances in digital media economic development in the past decade.
But, it also has a long way to go to be competitive with other states that got the jump on us as the silicon world began to evolve into the Internet world.
Think about it.
A recently announced $8.5 billion (with a B, a very BIG B) Venture Global liquid natural gas project in Plaquemines Parish and there is not much media coverage.
Let’s face it, ever since the beginning of the Katrina rebuild, Greater New Orleans and the River Region, has been “hot”.
In a significant part, the reason for its recent business expansions and economic growth is GNO Inc, and its President and CEO, Michael Hecht, who become an integral part of the area’s business community during the early days of the hurricane recovery.
How much will your $100 bill last you in Louisiana, compared to elsewhere USA? How far can you go with your shopping?
The Tax Foundation reports that it should go far. Not as far as inn Mississippi and certainly much more of a distance than D.C. and Hawaii.
GNOInc. wants to know if you want to join them in Panama, this fall. If you are interested, make a decision, for the spaces available are going fast.
Here is the economic development organization's email
JEFFERSON CHAMBER: HECHT AND WAGUESPACK
On Wednesday Feb. 3, The Jefferson Chamber will host a breakfast to discuss Louisiana’s economic development and the challenges and opportunities for the business community in the 2016 state legislative session. Peter Ricchiuti, Tulane University business professor and host of NPR’s Out to Lunch, will moderate the discussion featuring LABI president Stephen Waguespack and GNO, Inc. President Michael Hecht.