Supporting business growth at the intersection of community intention and market analysis.
Through Strategic Neighborhood Development we are focusing NOLABA resources and economic development in neighborhoods that have endured historic disinvestment. Our SND team begins by working with existing residents and business owners who have sustained communities, centering them in shared learning and prioritizing strategies. We inform decisions with leading-edge data and design projects for future-focused economic growth and ongoing expansion.
The City of New Orleans and the New Orleans Business Alliance (NOLABA) launched a $350,000 pilot program to support businesses and commercial corridors within the following seven neighborhoods identified as part of the NOLABA Strategic Neighborhood Development (SND) Strategy: New Orleans East, Lower 9, Hollygrove, Gert Town, Gentilly, Treme, and Algiers. These communities have experienced decades of disinvestment, leaving surrounding businesses more vulnerable to economic and environmental disasters, such as the current COVID-19 pandemic.
Each selected business receives $5,000 in funding and technical support to sustain the current economic downturn. In addition to this direct business support, NOLABA also invested $100,000 in projects that advance commercial revitalization efforts through partnerships with 10 community organizations.
Last year, the team began hosting a series of convenings within impact neighborhoods (shifted to virtual due to COVID-19) with stakeholders to assist neighborhoods in clarifying their shared objectives, develop and prioritize pipelines of projects and investment opportunities to achieve common goals. Through the convenings the team is working across the impact neighborhoods to address the following priorities: