business

City officials and business leaders are celebrating the start of a shopping development in the heart of New Orleans. City leaders say the Mid-City Market will affect the entire city.

Courtesy: Intelligence Squared U.S.

Who does capitalism better? For all appearances, China has emerged unscathed from the global economic crisis, in stark contrast to its biggest debtor, America. China's admirers point to its ability to mobilize state resources, quick decision-making and business-friendly environment as reasons for its economic ascendency.

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The Treasury Department is awarding $3.6 billion dollars in New Markets Tax Credits to revitalize low-income and distressed communities. Five Louisiana organizations are among the recipients, and are getting a total of almost $300 million.

New Orleans officials are giving high marks for the city’s performance in this year’s Mardi Gras. Work is already starting on making sure next year’s carnival season goes well, even with a Super Bowl in the middle of the party.

New Orleans officials will be crunching numbers to determine the success of the 2012 Mardi Gras. Some early indications are promising.

New Orleans officials are trumpeting a new business deal with General Electric as a “game-changer” for the city's economy. It’s seen by some as a pivotal shift away from the traditional tourism economy.

Tomorrow's Sugar Bowl means more than just victory for Virginia Tech or Michigan. It also generates huge economic development opportunities for the entire New Orleans region.

Greater New Orleans, Inc. President Michael Hecht says the Sugar Bowl and other upcoming sports events are expected to add $400 million to the local economy.

While the nation continues to suffer through an economic recession, some experts say New Orleans is one of the best places in the country to ride out the tough times.

Borders Books is about to open a new outlet in the former Bultman Funeral Home on St. Charles Avenue in New Orleans. It is a neighborhood where independent bookstores have thrived over the years.

As in many communities across the country, this opens a debate about the pros and cons of how national chains and local businesses compete.

The Magazine Street Retail Relief Festival started in the early days after Katrina as an attempt to jumpstart local business. This festival, the fourth one, is Saturday, November 8, with merchants opening their doors to customers looking for a unique shopping experience.

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