Special Thanks To Our Biotech II Event Sponsors
Special Thanks To Our Biotech II Event Sponsors
Special Thanks To Our Biotech II Event Sponsors
Event
Sponsors
Mr.
Kurt
Weigle
President
&
CEO
Downtown
Development
District
Honorable
Karen
Carter
Peterson
Louisiana
State
Senator
District
5
Mr.
James
A.
Richardson
John Rhea Alumni Professor of
Economics
Louisiana
State
University
The New Orleans Economy and the Proposed BioDistrict
Preliminary Estimates
Dr. Richardson has been assisted by Roy Heidelberg, a doctoral student at The Ohio State University, and GCR and Associates
Major Investments
• VA/LSU Medical District
• Federal City
• New Orleans Bio-Innovation Center
• FEMA Dollars for public schools
• Port of New Orleans Ongoing Activities
• New Orleans Cancer Research Center
• Blade Dynamics—windmill blade manufacturing
• Valero Refinery
• Transportation Consultants at the Port of New
• World War II Museum, Hyatt Hotel, Louis Orleans
Armstrong Airport • Folgers Coffee expanding sites in New Orleans and
• Major prison complex, Twin Span Bridge, St. Tammany
State Highway Projects, levee projects • Textron Marine, a new contract from the U.S. Army
• Second line Stages Film Studio
• Rooms to Go in St. Tammany
• Edison Chouest building campus in Mandeville for
operating ROVs
THE Future of New Orleans: What we have and what we need
Existing Industries
Tourism
– Convention business coming back modestly, but
still well below 2004 peak
– A very special city with over 8 million visitors
– Leisure and hospitality still down almost 20,000 Importance of New Industries and New
jobs
– New cruise ships Approaches
Port Strength of New Orleans is its downtown district
– Business back, but still competing with
aggressive ports in Texas and Alabama
– Capacity to double its container/breakbulk – Medical
District
becomes
the
central
element
in
being
a
business new
industry
and
being
in
the
downtown
district
– Extra ton of cargo adds about 1100 jobs in the
state – None
of
this
dismisses
other
parts
of
the
city
or
the
metropolitan
area‐‐‐every
inch
of
the
city
can
feed
off
the
Energy downtown
development
and
progress
– Carbon sequestration
– Deep water drilling
– “Green” industries
Manufacturing Facilities
– Northrup Grumman—closing down but work is
being done to offset some of this decline
– Refineries
Medical Centers Are Economic Engines
Employment and Average Annual Pay by Industry in the New Orleans Metropolitan Area (2009)
Construction Impacts
• The BioDistrict will witness Construction Activities of VA Hospital, University Medical Center, and Other
Projected Investments in BioDistrict, 2011 through 2030
especially significant (all dollars in millions)
construction impacts within
the first 3 – 4 years as the VA
and UMC hospitals are built
Enduring Economic Impacts
• These employment projections are fundamentally • By year 5, planned investments in the District will
conservative, as the commercialization of medical create or save approximately 5,500 direct jobs and 9,700
technologies and other advances could yield even total jobs in the metro area
greater employment impacts
• By year 10, planned investments will create or save
• Over 20 years, the District will generate an approximately 7,600 direct jobs and 13,400 total jobs in
additional $595 million in local tax collections and the metro area
$700 million in state tax collections
• By year 20, planned investments will create or save
• Over 20 years, the New Orleans region will approximately 9,800 direct jobs and 17,200 total jobs in
experience $9.6 billion in personal earnings as a the metro area
result of major investments in the BioDistrict
Concluding Remarks Employment Projections are conservative estimates of
impact
Dr. Richardson has been assisted by Roy Heidelberg, a doctoral student at The Ohio State University, and GCR and Associates
JOBS
COMMUNITY
ENGAGEMENT EDUCATION
ECONOMIC DEVELOPMENT
TRAFFIC / PARKING / JOBS AND TRAINING HOUSING +
WALKING / TRANSIT NEIGHBORHOODS
COMMUNITY BUILDING
CIVIC LEADERSHIP
PARKS + COMMUNITY
RECREATION SERVING FACILITIES
CHARACTER &
IDENTITY
Thank
You!
James
P.
McNamara
‐
President
&
CEO
Bonita
Robertson
‐
Special
Counsel
Jaime
Guillory
‐
Comptroller
Arthur
Simons
‐
Special
Projects
Ishaneka
Williams
–
Social
Media
For More Informa\on: www.bionola.org