economy

New Orleans is starting a program to help economically disadvantaged residents get work.

Mayor Mitch Landrieu unveiled the program yesterday.

It comes after a report last year by Loyola University that found more than half of working-age black men in the city were unemployed.

The New Orleans Advocate reports details are still being worked out, such as who will run the program and what its budget will be.

An agreement has been reached on splitting a $40 million higher education incentive fund.

It’s designed to steer money to programs that help fill high-demand jobs.

A council of Louisiana college, economic development and labor officials yesterday approved a plan to divvy up the money among the four college systems.

LSU will get the largest share, about $14.5 million from the Workforce and Innovation for a Stronger Economy Fund.

Kate Richardson / WWNO

Since 2002 Louisiana has provided incentives for the film and TV industry. Under the program, the state reimburses 30 percent of production expenses in the form of tax credits.

The city of New Orleans and surrounding parishes run workforce training sessions called Production Assistant Bootcamps. These help ensure that locals get jobs in the entertainment industry. This year's bootcamp took place at the Ashé Cultural Arts Center. 

A study released today by the Brookings Institution shows foreign students attending universities throughout the United States provide a key link to economic growth. The findings show New Orleans has an opportunity to expand its international trade.

A handful of companies that are hiring hundreds of tech workers were handpicked to participate in a hiring event Wednesday at the Shreveport Convention Center.

Officials with Louisiana Economic Development’s workforce development program called FastStart put on a digital jobs interview event for companies like IBM, CGI and CenturyLink.

Louisiana exports grew by 9.3 percent to $32.1 billion during the first half of the year. That's according to figures from the World Trade Center of New Orleans.

The export growth — fueled by agriculture and oil and gas goods — enabled Louisiana to remain in sixth place among all of the states, U.S. territories and the District of Columbia. Louisiana accounted for 3.6 percent of the $804 billion in total U.S. exports through midyear.

Maitri / Flickr

New Orleans will host the largest travel industry show in North America in 2016.

The U.S. Travel Association's show, called IPW, was last held in New Orleans in 2002.

The group had planned to hold the five-day show in Greater Miami and The Beaches. However, the City of Miami Beach Commission decided to renovate and expand its convention center. The three-year project is scheduled to start next year.

Association President and CEO Roger Dow says it's a great reason to have to change venues, and he's sure the organization will return to Miami Beach after the expansion.

First-time claims for unemployment insurance in Louisiana for the week ending June 28 decreased from the previous week's total.

The state labor department figures released Monday show the initial claims decreased to 2,577 from the previous week's total of 2,604. For the comparable week a year earlier, there were 3,027.

The four-week moving average, which is a less volatile measure of claims, decreased to 2,791 from the previous week's total of 2,891.

A new report finds New Orleans lagging behind in attracting foreign investment. It says the region is losing jobs and the wider financial benefits that come along with international money.

 

The Brookings Institution's latest analysis of metro economic data, "The Extent and Impact of U.S. Infrastructure jobs," focuses on infrastructure employment for the first time.

The Baton Rouge area is ranked 15th nationally for the share of overall employment made up by infrastructure jobs. 


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