An Economic Development Architecture for New Orleans by Kevin F. McCarthy PDF

By Kevin F. McCarthy

ISBN-10: 0833043242

ISBN-13: 9780833043245

ISBN-10: 0833045814

ISBN-13: 9780833045812

According to the present scenario in New Orleans within the aftermath of storm Katrina, this file presents innovations concerning potent organizational and strategic techniques to revitalizing the city1s economic climate, identifies the easiest practices that different towns have used to foster fiscal improvement, describes how those practices can be utilized to New Orleans, and considers historic traits and prior improvement missteps.

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Additional resources for An Economic Development Architecture for New Orleans (Technical Report)

Example text

Finally, a dynamic small-business sector accounted for 40 percent of the city’s employment (BNOB, 2006, p. 7). In addition, MetroVision’s pre-Katrina report on cluster development in southeast Louisiana identified nine different industrial clusters (each containing a set of detailed industries) that could serve as economic drivers in the region (MetroVision, 2001; see also DADCO, 2002). It sorted those clusters into four different categories based on future growth prospects and the industries’ current levels of maturity.

The success of the retain and grow strategy will hinge on the city’s ability to implement the infrastructure, labor, and government policies needed to promote the successful operation of the city’s key industries and its small-business sector. In addition, restoring the city’s research and educational capabilities and, most particularly, upgrading the quality of life of its residents offers promise for the high-tech, high-growth strategy, given New Orleans’s pre-Katrina base in the research area (Tortorano and Tortorano, 2006).

These include a clear statement of the community’s vision of what future economic development should look like, an assessment of the local area’s economic infrastructure and its strengths and weaknesses, the identification of a set of key improvements to the area’s economic infrastructure that will enhance its comparative economic advantage, and the choice of a specific development strategy or approach that includes the industrial sectors to be targeted. Vision Statement The first step in this phase is arriving at a common vision for the community’s economic future.

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An Economic Development Architecture for New Orleans (Technical Report) by Kevin F. McCarthy


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