Thursday, 13 January 2011 20:48

Louisiana Business: BP, GNO Inc, BioTech, Windsor Court, CABL

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BP Spill and Economic Impact


Today, Greater New Orleans, Inc., the economic development alliance for the 10-parish Greater New Orleans region, released Part Two of a comprehensive three-part study titled "A Study of the Economic Impact of the Deepwater Horizon Oil Spill." Prepared by GNO, Inc., with help from the Louisiana Small Business Development Centers and insights from local business owners and industry experts, the study examines the impacts to-date of the federal deepwater drilling moratorium and the de facto shallow water moratorium on the region's coastal communities, economies, and small businesses.

"The Deepwater Horizon Oil Spill continues to present challenges to the Greater New Orleans region, via the deepwater drilling moratorium and the de-facto shallow water moratorium," said Michael Hecht, President and CEO of GNO, Inc. "Businesses and individuals already fighting the impacts of the spill itself now face additional economic complications which could have devastating implications for our coastal communities."

Study findings include the following:

  • Unemployment numbers do not tell the whole story.
  • Coastal small businesses are suffering significant losses as a result of the moratoria.
  • Unless the actual number of permits being issued changes, unemployment will spike, and coastal businesses may struggle to survive.

The moratoria have had a ripple effect on the regional economy, impacting businesses directly related to the drilling industry such as oil and gas companies and those indirectly related such as equipment suppliers and restaurants. For example, R & D Enterprises, which provides equipment to drilling rigs, has lost 100% of its revenue stream and can barely retain its employees.

Released in October, Part One focused on the oil spill's impact to the Louisiana fisheries industry and related businesses. GNO, Inc. is also undertaking a study of national perception of the Louisiana "brand" as it pertains to seafood safety, tourism, and business for Part Three of the Economic Impact Series. As new information becomes available, GNO, Inc. plans to use the report as a platform upon which to provide periodic updates to the region.

Click here to download Part Two of "A Study of the Economic Impact of the Deepwater Horizon Oil Spill."

Post your events on the brand-new Bayoubuzz Calendar of Events


Bio Tech II
Annual Luncheon for BioDistrict New Orleans

Keynote Address by
Harris J. and Marie P. Chustz Distinguished Professor in Business Administration
Louisiana State University

Friday, January 14, 2011
11:30 a.m. to 1:30 p.m.
Westin Canal Place/Ballroom II

111 Iberville StreetNew Orleans, Louisiana

Reserved tables for 8, $400; Single tickets, $50
Please RSVP to or call 504-529-4341.
Download a PDF of the invite here

Windsor Court

– Put your taste buds to the test on Thursday, January 20th at 5:30 pm when Windsor Court will hold a Blind Liquor Tasting Mixology Class. Attendees will have the opportunity to smell and sample six different spirits and attempt to identify each one. Although this may seem like an easy test, head mixologist Roger Blais is expecting that participants will be surprised by the challenge. Once the spirits are revealed, Blais and Sara Kavanaugh will discuss each liquor in depth – its history, main ingredients and manufacturing process. Then, Blais will demonstrate how to make a signature cocktail out of each spirit.

Monthly mixology classes take place on the third Thursday of every month. The next class on February 17th will give attendees a better understanding of the difference between Old World and New World wines. 

The mixology class will begin at 5:30 pm and the cost is $25. Reservations are recommended and can be made by calling 504.522.1994.


CABL and Louisiana education


   Higher Education Budget Cuts Less Severe, but Challenges Remain

This week the Jindal administration announced that budget cuts to higher education will likely be much smaller than originally predicted. That's good news by any measure, but in some ways it's not quite that simple and higher education is still facing some significant issues that must be addressed - whatever the size of the cut. Click to read more.

Louisiana Jump$tart

The Louisiana Jump$tart Coalition’s Workplace Financial Literacy Committee has developed a program to recognize companies that provide financial literacy as an added benefit to their employees. This recognition program is relevant and achievable for the workplace regardless of company size, industry, business model, resources and employee demographics.

Jump$tart Louisiana has modeled their program after the Workplace Committee- Honor Roll Program, established by the President’s Advisory Council on Financial Literacy. While the President’s program is national, Jump$tart’s program is designed to recognize businesses in Louisiana that have achieved workplace financial literacy goals.

The Workplace Financial Literacy Honor Roll Program is now accepting applications for business or non-profit organizations (including state and local government entities) that have developed and implemented programs designed to increase financial literacy and financial well-being of their employees. Best Practices of Honor Roll Applicants should include the following:

Longevity- Program must have had 12 months of activity with noted intention to provide financial education for another 12 months as of application deadline

Participation Rate- Applicant must submit the participation rate of employees in education program for the evaluated 12 month period.

Eligibility- Applicant must be inclusive to all employees regarding the education program. Length of employment exceptions may be allowed.

Topics- Applicant must offer an array of relevant and useful financial literacy topics that relate to all levels of employee education

Activity- Provide evidence of employee attendance

More information

Post your events on the brand-new Bayoubuzz Calendar of Events

Also: Jindal, Louisiana Legislators Talk Serious Budget Hole At LABI Event

Watch photos of LABI Annual Meeting, January 12

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