By Kevin F. McCarthy
According to the present scenario in New Orleans within the aftermath of typhoon Katrina, this file presents thoughts relating to powerful organizational and strategic ways to revitalizing the city1s economic climate, identifies the simplest practices that different towns have used to foster financial improvement, describes how those practices could be utilized to New Orleans, and considers historic tendencies and earlier improvement missteps.
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Extra info for An Economic Development Architecture for New Orleans (Technical Report)
The objective in choosing the members for the development council is to gain both the perspective and the prestige that these representatives can bring to setting policy and raising funds for the eﬀort. The development council, in consultation with the executive, might also consider appointing task forces for each of the target industry clusters. These task forces would consist of a representative of the governing council, individuals from the various stakeholder communities, and the appropriate resource organizations in the third tier.
On the other hand, the biomedical cluster suﬀered serious damage with the closure of the Louisiana State University Medical Center and several other hospitals and the loss of a signiﬁcant portion of its health professionals, as well as serious damage to much of its research capabilities. Moreover, although higher-education and research centers have mostly reopened, they have not yet regained the capabilities that were critical 6 New Orleans and Louisiana were collectively the third most frequent location for such production in the United States (BNOB, 2006).
In addition to overcoming its history of racial fragmentation,4 reaching consensus on the city’s future will be complicated by diﬀerent perspectives between the public and private sectors, between large and small businesses, among neighborhoods, and between those who focus on the city and those who approach redevelopment from a more regional perspective. If the city’s economic development eﬀorts are to be successful, eﬀorts must be made to bridge these divides and reach a consensus on the direction and organization of the development eﬀort.