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Friday, 24 February 2012 20:00

Louisiana Business: Jindal To White House, Advantage Capital, Digital Media

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Louisiana Governor Bobby Jindal has become the most visable Louisiana Governor in history.

Often, on media tours and speeches he is touting Louisiana.  Here is a video of Governor Jindal talking about the economic gains made in Louisiana under his administration.  This took place last week during the announcement that GE was opening up facilities in New Orleans.


Here is also the Bayoubuzz video of the announcement

Governor Jindal has the opportunity to tout Louisiana, once again.  In a press anouncement today from his press secretary Frank Collins, he is headed to the White House:

"Today, Governor Bobby Jindal will travel to Washington, DC for Republican Governors’ Association (RGA) events on Friday (2/24) and Saturday (2/25). On Sunday (2/26), the Governor and First Lady will attend a dinner at the White House. On Monday (2/27), the Governor will attend a National Governors’ Association (NGA) meeting at the White House, and later attend RGA events. The Governor will return to Baton Rouge Monday."


Initial claims for unemployment insurance for the week ending Feb. 18, 2012, decreased to 3,007 from the previous week’s total of 3,143. Initial claims were below the comparable week ending Feb. 19, 2011, figure of 3,167.

The four-week moving average of initial claims decreased to 3,205 from the previous week’s average of 3,289.

Continued unemployment insurance weeks claimed for the week ending Feb. 18, 2012, decreased to 39,009 from the previous week’s total of 40,007. Continued weeks claimed were below the comparable week ending Feb. 19, 2011, figure of 47,774.

The four-week moving average of continued weeks claimed decreased to 40,540 from the previous week’s average of 41,591.

Pontchartrain Lighthouse

The Lake Pontchartrain Basin Foundation (LPBF) has announced the immediate start of re-construction of the New Canal Lighthouse that was destroyed by Hurricanes Katrina and Rita in 2005.  On Monday, February 27, 2012, LPBF will host the groundbreaking for the New Canal Lighthouse Museum and Education Center at the lighthouse site.    

From 1839 to its tragic loss in 2005, the New Canal Lighthouse symbolized the days of maritime commerce and recreational boating on Lake Pontchartrain.  It is located at the entrance to New Orleans Municipal Harbor, and adjacent to the Southern Yacht Club.  The former lighthouse was built in 1890, and had an elegant architecture distinguished by its bright red roof. During the heyday of recreation along the New Orleans Lakefront seawall in the 1950’s, the lighthouse symbolized the city’s deep attachment to Lake Pontchartrain.

Advantage Capital Partners

Venture capital and small business finance firm Advantage Capital Partners has been awarded an $80 million allocation in the highly competitive federal New Markets Tax Credit program. This latest allocation brings the firm's total awards since the program began in 2002 to $524 million.

Through prior state and federal New Markets program allocations, Advantage Capital has invested more than $650 million in private capital into 147 businesses, which, in the aggregate, employ more than 8,000 people and have attracted more than $900 million in follow-on capital to support their growth.

Announcing the New Markets Tax Credit (NMTC) program allocation awards at a ceremony in New Orleans’ Federal City Town Center, U.S. Treasury Deputy Secretary Neal Wolin said, “For so many vital economic development projects across the country, the New Markets Tax Credit has been a critically important piece of the puzzle. This targeted tax credit has a strong record of spurring economic growth in low-income and distressed communities across our country.” The Deputy Secretary was joined by U.S. Senator Mary Landrieu, U.S. Representative Cedric Richmond, and Community Development Financial Institutions (CDFI) Fund Director Donna Gambrell at the announcement.

The NMTC program is administered by the U.S. Department of the Treasury. It is designed to stimulate economic growth and job creation in low-income communities by providing much-needed investment capital, financial counseling and other services. Awardees are selected after a highly competitive and rigorous government review process. Advantage Capital was one of 70 organizations selected out of a total of 314 that submitted applications for the ninth round of allocations in July 2011.

"For twenty years, our firm has consistently focused on fostering entrepreneurs and creating a significant positive impact in the communities where we invest. We are honored to have been selected as an NMTC allocatee once again, based on the merits of our track record. We will continue to deploy private capital where it is needed most, enabling small businesses to create and retain jobs, revitalizing neighborhoods, and driving economic recovery,” said Steven T. Stull, president of Advantage Capital Partners.

The Advantage Capital Community Development Fund will focus its newly awarded New Markets allocation in geographic areas in which the firm has previously invested, including both urban and rural communities, and will also consider opportunities to serve distressed communities in additional markets.

Advantage Capital's allocation was among $3.6 billion in total awards announced this week by the Department of the Treasury. Since the program's inception, the Treasury has awarded more than $33 billion in allocations.


The Louisiana SPCA is excited to be the beneficiary of New Orleans’ own Project Runway style fashion event. In its fourth year, Alegria was the first fashion forward event drawing attention to regional talent and growing the awareness of the level of fashion talent New Orleans has to offer. 

Held Sunday March 4 from 2-5pm at W New Orleans on Poydras, Alegria, the Fashion Show will showcase five designers: Danielle Arthur, Al Beauti, Susan Henry, Emily Riché, and Molly Stackhouse Ernst, competing for a grand prize package valued at over $1,000. Additionally, collections from founder John Delgadillo and 2011 winner, Alicia Zenobia will be showcased on the runway. DJ Afrodisiak will be spinning fashion friendly tunes.


W New Orleans sponsors this event each year; specialty cocktails provided by Glazer’s Distributing. To purchase tickets or reserve a table log on to or call LA/SPCA Event Coordinator, Marisa Collins, at 504-762-3307. Sponsorship tables start at $500 and Individual Tickets start at $25. This event will sell out, so buy your tickets now. 


From the New Orleans Chapter of the American Marketing Association:

“Local Industry Announcements

Linzy Cotaya has been hired as the new Communications Director for the American Heart Association. Lauren Schug-Wilson has been hired as the new Customer Experience Manager for the Windsor Court Hotel Patrick Martyn has been hired as a sales consultant for MAPS. Adams and Reese Marketing Department Ranked Among Top 50 in the Nation

Job Openings & Upcoming Events

Please visit our website: for a list of current job openings and upcoming events.”

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