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

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By Kevin F. McCarthy

In line with the present state of affairs in New Orleans within the aftermath of typhoon Katrina, this file offers options relating to potent organizational and strategic techniques to revitalizing the city's economic system, identifies the easiest practices that different towns have used to foster fiscal improvement, describes how those practices should be utilized to New Orleans, and considers ancient traits and earlier improvement missteps.

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

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7 The New Orleans area has at least one research facility in each of these clusters and significant concentrations in several, including federal shipbuilding and repairs, computer sciences, medicine and biotechnology, and earth and environmental sciences. As Tortorano and Tortorano point out, each of these clusters is expected to grow well above the national average in the future, and a solid research foundation provides the key element needed for local areas to capture that growth. Although Katrina did substantial damage to the city’s economy and its industries, both the maritime and oil and gas clusters have made solid recoveries, and the hospitality cluster appears to be on its way (Liu and Plyer, 2007; University of New Orleans, 2007).

S. ports before the storm. Katrina also highlighted in a most dramatic fashion several other weaknesses in New Orleans’s economic infrastructure. Perhaps the most significant example of the latter, though one over which the city lacks direct control, is the status of the levees and the flood protection they will provide in future storms. Uncertainty about the level of protection the levees will provide from future storms raises serious questions about the wisdom of investment in the city, not only among current and displaced residents but also among potential newcomers and businesses.

Although these two efforts are not unrelated, the experience of planning for rebuilding the city’s neighborhoods has demonstrated that decisionmaking regarding which areas and neighborhoods to rebuild and when raised a host of contentious issues that are not central to rebuilding the city’s economy. Rather than revisit these issues and the conflicts they spawned, a vision statement should focus on such key economic development issues as the types of jobs and industries that should dominate the city’s future economy.

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