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re: .Posted by TakingStock on 2/17/12 at 8:59 pm to Layabout
quote:
I give them three years before they learn the hard lessons that Shell and Amoco and countless others learned years ago about New Orleans.
When did Amoco leave? Do you see Shell leaving anytime soon?
re: .Posted by Layabout on 2/17/12 at 11:28 pm to TakingStock
quote:
When did Amoco leave? Do you see Shell leaving anytime soon?
Apart from a skeleton crew they both left decades ago. The Amoco building and One Shell Square are the monuments they left behind, now occupied by lawyers and accountants.
quote:
One Shell Square are the monuments they left behind, now occupied by lawyers and accountants.
One Shell Square is still Shell's gulf coast HQ. They're leasing 50% of the building for the foreseeable future. Doesn't sound like a skeleton crew to me.
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quote:
One VP left in town does not a headquarters make.
Call it whatever, but I just don't view 1,000 employees as a skeleton crew. Houston won the energy battle a long time ago, but Shell is still important to the area.
Anyway, I'm not sure why you think GE is going to leave in 3 years for the same reasons that oil companies did years ago. You don't think they did their research?
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.
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.
re: .Posted by notiger1997 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.
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.
re: .Posted by Cold Cous Cous on 2/18/12 at 12:29 pm to Layabout
quote:Obviously a concern for any business seeking to relocate here
the crime
quote:Probably the #1 concern for any business seeking to relocate here.
the abysmal educational system
quote:I can't imagine any business even takes this into account
the hedonism
quote: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.
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.
re: .Posted by gonads&strife 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?
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.
I have been tracking this deal for the past couple of months. Big props to our local economic development officials especially Michael Hecht with gno inc. believe me GE did an incredible amount of due diligence. It's amazing how many "deals" Louisiana is in on right now, Especially in corporate hq and major corporate offices for fortune 500 companies.
As stated here, crime and education remain huge issues, although we are really starting to turn the corner on workforce. Key to their success has been selling the positive facets of our lifestyle here rather than trying to minimize the weaknesses.
As stated here, crime and education remain huge issues, although we are really starting to turn the corner on workforce. Key to their success has been selling the positive facets of our lifestyle here rather than trying to minimize the weaknesses.
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