By Kevin F. McCarthy

In accordance with the present scenario in New Orleans within the aftermath of storm Katrina, this file offers ideas relating to powerful organizational and strategic methods to revitalizing the city1s financial system, identifies the easiest practices that different towns have used to foster fiscal improvement, describes how those practices could be utilized to New Orleans, and considers ancient developments and earlier improvement missteps.

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

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The interviews we conducted with individuals in New Orleans for this study confirmed these conclusions and indicated that this situation had not changed between the period of the study and Katrina or since Katrina. Correspondingly, we examined the various public and private organizations in the city and the state to determine what organizations were involved and what roles they play in economic development. The Organizational Ecology of Economic Development Currently, there is a diverse array of organizations involved in some way with economic development in New Orleans.

Correspondingly, an effective implementation plan requires setting priorities for accomplishing these various activities. These priorities are typically based on three considerations: first, an assessment of the area’s strengths and weaknesses, with the highest priority placed on those actions that are most critical to the success of the development effort; 7 second, an analysis of the area’s comparative advantages and disadvantages relative to its competitors, which will help to identify those changes that will give the area a clear competitive advantage; and, third, an assessment of the feasibility and necessary resources to make the required improvements.

S. Small Business Administration and the Economic Development Administration to provide loans to small businesses (see Regional Loan Corporation, 2006). The second set includes the New Orleans–Jefferson Renewal Community and the Regional Planning Commission. S. Housing and Urban Development’s empowerment zone and renewal community programs. The Regional Planning Commission is a comprehensive planning agency that includes regional public- and private-sector leaders (see Regional Planning Commission, undated).

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