They're attributing their decision to the financial incentives and that gives me pause. I'm reminded of Boeing in Lake Charles where the state put up almost $50 million for 1600 jobs and the company pulled out four years later leaving them holding the bag.

I really hope that New Orleans finds its niche as a good place for hip knowledge workers to prosper but the crime, the hedonism, and the abysmal educational system all conspire against long-term success.

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Posted by notiger1997

Metairie

Member since May 2009

58326 posts

Posted on 2/18/12 at 7:22 am to Layabout

quote:
but the crime, the hedonism, and the abysmal educational system all conspire against long-term success.

There have been several stories over the last year or two about N.O. being a new hot spot for tech start ups, etc.
There is also momentum still building for a small biotech corridor forming along Canal/Rampart area near the new hospitals being built.

This ain't your old New Orleans.

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Posted by Golfer

Member since Nov 2005

75052 posts

Posted on 2/18/12 at 9:27 am to Layabout

quote:
I'm reminded of Boeing in Lake Charles where the state put up almost $50 million for 1600 jobs and the company pulled out four years later leaving them holding the bag.

The state doesn't just throw them a check for $50million, there are benchmarks the company must meet and clawbacks if they don't adhere to their end of the deal.

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Posted by Cold Cous Cous

Bucktown, La.

Member since Oct 2003

15054 posts

Posted on 2/18/12 at 12:29 pm to Layabout

quote:
the crime

Obviously a concern for any business seeking to relocate here

quote:
the abysmal educational system

Probably the #1 concern for any business seeking to relocate here.

quote:
the hedonism

I can't imagine any business even takes this into account

quote:
I'm reminded of Boeing in Lake Charles where the state put up almost $50 million for 1600 jobs and the company pulled out four years later leaving them holding the bag.

I had never heard of this but it's certainly a risk you take when you bribe companies to come to your state. In retrospect 1987 was an exceedingly bad time for this state to be investing long-term in defense contractors, although they couldn't have known it at the time.

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Posted by gonads&strife

Member since Dec 2011

1885 posts

Posted on 2/18/12 at 12:35 pm to Layabout

quote:
I really hope that New Orleans finds its niche as a good place for hip knowledge workers to prosper but the crime, the hedonism, and the abysmal educational system all conspire against long-term success.

Hedonism isn't a problem - its the crime and poor schools. There isn't much talent remaining in LA and its hard to get talent to move to LA, Nola especially, because no one wants to move there kids to a crime infested city with terrible schools. While we native louisianians are conditioned to spending beaucoup bucks on pvt school most aren't. If you were a techie would you rather live in palo alto or Nola?

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Posted by JWS3

Baton Rouge

Member since Jun 2008

2502 posts

Posted on 2/18/12 at 12:50 pm to Layabout

quote:
They're attributing their decision to the financial incentives and that gives me pause. I'm reminded of Boeing in Lake Charles where the state put up almost $50 million for 1600 jobs and the company pulled out four years later leaving them holding the bag.

The initial business startup is often a catalyst, Boeing left because their Airforce contracts expired, but the facilitys have been in almost continuous operation since they left. They developed infrastructure and trained a workforce which remained and has been used by other aerospace maintenance providers including a French company that provides maintenance for Airbus, it has been a net positive for the area.

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