Displaced residents still need new or rebuilt homes; corporations are relocating; children require schooling; cleanup of environmental hazards needs priority â?¦ the staggering list goes on and on.
There's a lot of work to do, and state officials know it. They're promoting that fact on an unprecedented scale, with ingenious advertising inserts explaining what kind of work is available ' as well as their related incentives ' in national publications like Business Week, Entrepreneur and Forbes. Ads have also been designed for the Web sites of CNN and The Economist. Like a coupon for free money, the ads are working; after years of worrying about Louisiana's business reputation and restrictive laws, companies are starting to regard Louisiana as a hot prospect.
But once the rebuilding process slows down, will any of these companies stick around?
Louisiana Economic Development officials argue that the wide variety of tax breaks and assistance programs will entice companies to stay. The business stimulants set the stage for a productive future, and the state's new "open for business" philosophy, in tandem with long-term incentives beyond recovery, only bolsters the belief.
This amalgam is partly what lured Virginia-based Booz Allen Hamilton to south Louisiana this year. It's not your average mom-and-pop outfit; the strategy, management and technology consulting firm employs 17,000 people on six continents and generates roughly $3.6 billion in annual sales. Unlike other companies wanting to cash in on debris removal or other manual labor jobs paid for directly by residents, Booz Allen is trying to drum up business directly with the state, says Bill McDade, a senior associate. The company is already making its rounds to the Louisiana Recovery Authority, Louisiana Economic Development and the governor's office and considering opening an office in Baton Rouge.
Presently, Booz Allen has a Metairie office with 50 employees, which pulls in an estimated $6 million in revenues each year. This office is strictly dedicated to federal contracts, such as the one Booz Allen has with the Minerals Management Service to help streamline offshore drilling leases.
But the Baton Rouge office is where the company's future could possibly reside, and it will be committed solely to state contract work.
"There is an incredible amount of money moving through the state right now," McDade says. "A week after the hurricane hit, we started to do business development offsite and strategizing on our next step, and that major play was state work."
The leap would have come sooner, he adds, but the company had always been slightly worried about age-old perceptions of the state and, frankly, threatened by certain contract laws. For instance, McDade points to an indemnity clause that Louisiana uses to wiggle out of paying vendors if they don't like the work.
"When you look at the bottom line and get into large contracts, that can be a risky proposition," McDade says, adding he has received commitments from the state to possibly work around that clause.
Additionally, the process of rebuilding has placed Louisiana in the national spotlight, he says, and that attention helps serve as a catalyst for corporate responsibility. Donald M. Pierson Jr., assistant secretary of Louisiana Economic Development, says this type of story has been retold countless times since last fall. Due to the hurricanes, companies that would have never considered Louisiana are now working with the state.
While some observers worry the new businesses might be fly-by-night and could pack up after a short stay, Pierson doesn't have a concerned bone in his body.
"Some of these companies are traveling a long way, and they are nationally respected companies that haven't been able to do large scale business with us before," Pierson says. "But in this moment of history, we need all the engineering and technical expertise we can get to speed up recovery. They are welcomed, and they will continue working with us."
Pierson says LED has beefed up its outreach program and is keeping track of new businesses. The department is also making the companies aware of all the incentives available to the state, like Community Block Grant funding and the almighty Gulf Opportunity Zone Act ("Pass the Go Zone," May 10), which provides tax-free borrowing, a slew of write-offs, depreciations and much more.
There are 31 parishes eligible to participate in the Go Zone program, and Pierson says companies are targeting them with a vengeance.
"I think we're going to continue to see a vast number of major U.S. corporations demonstrating a new or renewed interest in doing business with the state," he says. "All of these incentives will help companies that want to make a major investment in Louisiana to put themselves in a favorable position to take advantage of the market."
Anticipation of this declaration was building earlier this month as U.S. Commerce Secretary Carlos M. Gutierrez, along with Donald Powell, the federal coordinator for Gulf Coast Rebuilding, visited Baton Rouge and New Orleans as part of a major investment mission.
"This is really great," Pierson says. "I mean, when you hear about an economic mission, it's usually to another country or something, but the focus is on Louisiana."
A delegation of 37 companies attended the mission, including major Fortune 500 companies and small-sized enterprises. In addition to promoting the incentives, Pierson says an effort was placed on ports, transportation infrastructure and natural resources.
McDade agrees that momentum continues to build, and he's glad Booz Allen is coming in relatively early. He says it would be an unwise business decision for companies to leave the market in the near future. "We're focused on expanding in southeast Louisiana and are dedicated from a personal standpoint," McDade says. "Our employees and partners live in Louisiana, and we want to see both flourish once again."
The City-Parish Council on Tuesday will be asked to sign off on an agreement between UL Lafayette and Lafayette Consolidated Government that would expand mass transit opportunities for UL students by adding five additional buses to its shuttle run between Cajun Field and campus.
Louisiana's high school seniors are making increased strides on Advanced Placement exams.
The Alabama game is sold out but tickets for all other homes games can be purchased online at www.LSUtix.net.
Among the one-percenters nationally, Louisiana's fattest cat is a relative pauper.
The Republican governor sent a letter Thursday to the president, saying placement of the children in Louisiana could have "potential negative ramifications."
Many laws are minor, though some impact health care options, change educational programs and reach into people's everyday activities.
Responding to Tuesday’s federal appeals court decision to save Mississippi’s lone abortion clinic, Esquire magazine profiles the unique story behind one of the doctors working at the clinic in Jackson.
In reacting to the recently resurrected allegations of sexual abuse among local clergy, is the Catholic Diocese of Lafayette maintaining its old stance of protecting their own?
Louisiana's annual state sales tax holiday is Friday and Saturday.
Thursday's Blogs from the Bog!
NJ lady beats Donald Trump; Israel calls up more troops; border hearings accelerated and more national and international news for Thursday, July 31, 2014.
State Rep. Lenar Whitney — one of a handful of Republican candidates vying for Louisiana’s 6th Congressional district — has been described by Cook Political Report analyst David Wasserman as one of the most “frightening or fact-averse candidate[s]” he’s ever met following her reaction to an interview last week.
Mid-August hearing dates have been set for dueling lawsuits over Louisiana's use of the Common Core education standards in public schools.
An investigation into the last-minute passage of a pension hike for the state police superintendent continues, despite Col. Mike Edmonson's decision not to accept the increase.
Safety Jairus Byrd practiced with the New Orleans Saints on Tuesday for the first time since his signing in March.
Sentencing has been delayed for a businessman who provided key testimony in the corruption case that resulted in the conviction of former New Orleans Mayor Ray Nagin.
The spectre of priest sex abuse has returned to haunt the Roman Catholic Diocese of Lafayette following the recent release of an investigative report by Minnesota Public Radio, revealing new allegations of another child predator hiding behind the clerical collar.
The sponsor of a Louisiana law that requires doctors that perform abortions to have hospital admitting privileges doesn't believe the provision is in jeopardy after a federal appeals court struck down a similar Mississippi law.
Louisiana's state school board has jumped into a lawsuit against Gov. Bobby Jindal that accuses the governor of illegally meddling in education policy through his efforts to block Common Core education standards.
Here's how one nationally recognized conservative political pundit reacted upon hearing the news Monday that the U.S. Chamber of Commerce was leaning toward an endorsement of Louisiana’s lone Democrat senator.
With the qualifying deadline for Lafayette Parish School Board elections quickly approaching, a series of candidate forums have been announced by the Lafayette Parish Public Education Stakeholders Council.
The investigation and potential prosecution of the man charged in the recent hit-and-run death of a Youngsville cyclist won’t happen overnight, according to local law enforcement officials.
Louisiana's state school board is holding a special meeting to consider whether to sue Gov. Bobby Jindal in an ongoing dispute over the Common Core education standards.
A bipartisan congressional deal to help improve veterans' health care access includes approval for new veterans clinics in Lafayette and Lake Charles.
It wouldn’t be a first, however, as the Chamber has thrown money behind Landrieu before.