Opening Comments and Overview

8/7/2019 Opening Comments and Overview

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January 14, 2011

BioSummitNew Orleans Over the last half century,improvements in health have been

as valuable as all other sources of

economic growth combined.

- Kevin Murphy & Robert Topel

(University of Chicago)


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Collaboration


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2005 NIH Funding Ranking

New Orleans Ranked 49 in newgrants awards at $131.4 Million


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GNOBEDD is a state-enabled economic

development districtthat was created by the

State of Louisiana in 2005 and charged with theresponsib i l i ty of growing both the

programmatic and physical development

components of the biosciences sectorof the

New Orleans economy.

What


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Where

1,500Acres


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Who

Civic Leadership

Community Building

Jobs and training

Economic Development


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ECONOMIC DEVELOPMENT

JOBS AND TRAINING

COMMUNITY BUILDING

CIVIC LEADERSHIP

JOBS

EDUCATION

CHARACTER &IDENTITY

PARKS +

RECREATION

TRAFFIC / PARKING /

WALKING / TRANSIT

COMMUNITYENGAGEMENT

COMMUNITYSERVING FACILITIES

HOUSING +NEIGHBORHOODS

BioDistrict New Orleans: Community


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What: Conditions


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Biology + Technological = BIOSCIENCE

The ever-evolving field of research,

development and allied technological

applications in the realm of biological sciences

a vast array of specialties such as life, natural,

industrial (digital media) and medical sciences.

BioDistrict New Orleans: Define ???


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BioDistrict New Orleans: Opportunities


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City Master PlanCity-wide overarchinggoals and policies

Establishes Future LandUse Map and ZoningNeighborhood planningidentified as next step inplanning process

BioDistrict PlanDetailed block-by-blockphysical plan

Action oriented,implementation plan Costs & Funding1stDistrict Plan sincecompletion of City Master Plan

BioDistrict New Orleans: Why another plan ?


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Correlations to Success

NIH funding success occurs where there is the presence ofa collaborative university / research environment

The medical and economic development districts in thebenchmark institutions has paid off. This payoff did not comequick, butresulted from a long-term commitment to themedicine, science, and overall place-making.

Ongoing commitment bylocal and state agencies to fundresearch and development

BioDistrict New Orleans: Market Growth


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BioDistrict New Orleans: Consolidating Competing Plans


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BioDistrict New Orleans: Consolidating Competing Plans


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This is Your Opportunity to Help:Decide where land uses should goShape the look and feel of your

communityReflect your vision in the future

development of the BioDistrict

ONE VISION


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ONE VISION Created and Owned by citizens


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Medical Centers as Economic Engines

Economic impact of major medical centersCITY MEDICALCOMPLEX JOBSSUPPORTED(DIRECT AND

INDIRECT)

METRO AREALABORFORCE

Birmingham, AL UAB MedicalCenter 54,000 jobs 540,900Houston, TX Texas MedicalCenter 145,000 jobs 2,568,300Cleveland, OH ClevelandClinic 70,000 jobs 1,082,000Chicago, IL Illinois MedicalDistrict 50,000 jobs 3,571,000Memphis, TN

Memphis

Medical Center50,000 jobs 555,000


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Health Care in the New Orleans EconomyAlready a major industry in the regionBut more of a support/service industry than an economic driver

*Tourismincludes allrestaurant/baremployment


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Annual Construction ImpactBiggest impact in first 3-4 years as UMC and VA are builtIn first 3 years, 7,600 construction-related jobs per yearIn years 6 20, employment will average 400 550 jobs per year

TIMEPERIOD ANNUAL JOBSSUPPORTED(DIRECT, INDIRECT,

INDUCED)

DIRECTCONSTURCTIONEXPENDITURES

(PER YEAR, INMILLIONS)

2011 - 2013 7,678 $353.52014 4,203 $193.52015 130 $6.0

2016 - 2020 423 $19.52021 - 2030 522 $24.0


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Cumulative Construction ImpactNearly $1.6 billion in direct

construction spendingOver $1.0 billion in personalearnings

$144 million in additional stateand local revenues


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Annual Enduring Economic ImpactEmployment projections are fundamentally conservativeBy year 5, direct/indirect employment impact is nearly 10,000 jobsBy year 20, direct/indirect employment impact is over 17,000 jobs


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Cumulative Enduring Impact

Over a 20 year period:Over $9.6 billion in personal earnings$595 million in local tax collections$700 million in state tax collections


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Concluding ThoughtsEmployment/economic impacts presented here are

conservativeEmergence of true biosciences industry in New Orleanswould yield even greater impacts

Other communities (Houston, Birmingham, Memphis,St. Louis) provide most compelling case ofwhat could

becomeThriving biosciences economies in these cities are the

result of a sustained, long-term commitment


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INDUSTRY

ACADEMICS

NEIGHBORHOOD

GOVERNMENTGENERAL

BUSINESS

INDUSTRY

SPECIFIC

BUSINESS

PROFESSIONAL

ASSOCIATIONS


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Industry ClusterDevelopment

(Marketing Toolkit)

Training andProgrammatic

ConstituentOutreach/Inventoryof Needs/Retention

Investment/Attraction and

Retention

Community BenefitsAgreement

CommunityDevelopment/


Needs Assessment/Programmatic

Fulfillment

INDUSTRY

ACADEMICS

NEIGHBORHOOD

GOVERNMENT

GENERAL

BUSINESS

INDUSTRY

SPECIFIC

BUSINESS

PROFESSIONAL

ASSOCIATIONS


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Industry ClusterDevelopment

(Marketing Toolkit)

Training andProgrammatic

ConstituentOutreach/Inventoryof Needs/Retention

Investment/Attraction and

Retention


CommunityDevelopment/


Needs Assessment/Programmatic

Fulfillment

BioDistrict

INDUSTRY

ACADEMICS

NEIGHBORHOOD

GOVERNMENT

GENERAL

BUSINESS

INDUSTRY

SPECIFIC

BUSINESS

PROFESSIONAL

ASSOCIATIONS


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Thank You!James P. McNamara

President & CEO

Opening Comments and Overview

Documents

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