business

Chet Overall / It's New Orleans

In business, as in everything else, each generation finds a way to separate itself from the past. One of the interesting current generational shifts is the use of new technology to adapt and carry forward skills developed by previous generations. This group of folks call themselves “Makers.”

Eric Bernstein is a local proponent of the Maker movement and founder of a company called Werkly. And on this show Peter welcomes back one of the grandfathers of the New Orleans economic boom, CEO of the Idea Village, Tim Williamson.

It's New Orleans

    

There's an old saying about how to be successful in business —- "Build a better mousetrap." Meaning, find a product everybody wants and do it better. Peter's guests on Out to Lunch today have come up with new variations of products that enjoy massive worldwide popularity. Soft drinks and coffee.

Geoffrey Meeker has a little yellow truck you might have seen around town delivering his French Truck Coffee.

And Roy Nelson has a truck that he drives around town delivering his Fest Cola.

Chet Overall / It's New Orleans

In 1814 it was the British who were "runnin' down the Mississippi to the Gulf of Mexico." Today, ships of almost every nationality are steaming down the river to the Gulf. 54 of them belong to International Shipholding. Their fleet of cargo vessels ply international trade from their current headquarters in Mobile, Alabama but they're set to return soon to their original home in New Orleans.

Laine Kaplan-Levenson / WWNO

A New Orleans organization is trying to help fund coastal restoration by quantifying Louisiana wetlands, using hard numbers as a way to offset global carbon emissions.

Companies that send lots of carbon dioxide into the atmosphere — such as power plants and oil refineries — need to offset some of that pollution. So they invest in green carbon projects by spending money on things like protecting forests. One Louisiana company wants to expand that tactic to the Gulf Coast.

The company that manages the Superdome and Smoothie King Center is in line for a contract renewal through 2022.

A panel of lawmakers and other state official agreed yesterday to the five-year contract extension for the SMG company. The action also must win approval from lawmakers through mailed ballot.

Ron Forman is chairman of the Louisiana Stadium and Exposition District. He says SMG is taking a $300,000 annual cut in fees, and will pay $5 million toward facility improvements under the new deal.

SMG has held the contract for nearly 40 years.

duppy5446 / Flickr

The city of New Orleans is offering musicians a chance to learn the business side of the industry at the "Y'Heard Me? Music Business Summit" on Saturday.

The free conference, to be held from 12 p.m. to 3 p.m. at the Ellis Marsalis Center, will give aspiring musicians the opportunity to learn from industry professionals about copyright and intellectual property law, artist management and goal setting, fan engagement and Internet marketing, licensing music to motion pictures, and small business development.

Grant Morris / It's New Orleans

One of the questions people in the business community have been asking is, what's happens when the post-Katrina economic rejuvenation gets old? Are the next generation of innovators going to go someplace else?

Peter's guests on today's show answer that question with a resounding "no." They both head up new and growing businesses that have been born out of New Orleans' revolution in education.

Libby Fischer is CEO of Whetstone Education, a ground-breaking teacher evaluation system founded in New Orleans and spreading across the country.

Tom Benson is not leaving the Saints and Pelicans to his daughter and her children after all.

He agreed to a succession plan that will give his wife, Gayle, control of New Orleans' two major professional sports franchises after his death.

The 87-year-old Benson says his decision is meant to ensure the clubs' "long-term stability and success."

He says the move will also preserve the teams’ tradition of working for the good of New Orleans and the region.

Grant Morris / It's New Orleans

Everybody knows right from wrong. Everybody knows numbers don't lie. Nobody wants to spend time in prison. Why, then, would a person lie about corporate profits, knowing there's a high probability they're going to get caught and end up behind bars?

Peter's guest on Out to Lunch wrote the book on business ethics, and it's not theoretical. Aaron Beam went to federal prison for his part in a multi-billion dollar fraud, and now teaches others how to make better decisions.

Port of New Orleans

The Port of New Orleans has completed one of the heaviest cargo lifts in its history.

It moved a 718-ton tower from a ship to a barge.

The absorption tower is bound for a major plant expansion in Donaldsonville.

The 164-foot-long unit arrived at the port January 10 from Shanghai, China. It was moved at the port this week at the Louisiana Avenue wharf.

Port president Gary LaGrange says the operation shows the port’s ability to handle large and complex cargo.

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