Economic Development

East Coast, West Coast…Emergence of the Third Coast

New OrleansI wanted to share this recently published article, “The Rise of the Third Coast,” by Joel Kotkin, an internationally-recognized researcher and author on global, economic, political and social trends.  In the piece, Kotkin describes the “Third Coast,” in large part driven by a “resurgent New Orleans” region, as “one of the major forces in twenty-first-century America.”

One quote in this article that is particularly striking to me is regarding the education system:

In a new report, government efficiency expert David Osborne describes New Orleans’s reforms as a “breakthrough.” The results, he says, are “spectacular: test scores, graduation rates, college-going rates, and public approval have more than doubled in five years.” He adds, “I believe this is the single most important experiment in American education today.”

Click here to read the article.

Louisiana Continues to Leap Forward in All Areas

Top States For Doing Business
Leading economic development magazine Area Development has just released its 2012 “Top States for Doing Business” survey of national site selectors, and Louisiana has posted its best showing ever:

  • #1 in Cooperative State Government
  • #2 in Incentives Programs
  • #2 in Economic Recovery
  • #3 in Leading Workforce Development Programs
  • #3 in Speed of Permitting
  • #4 in Overall Business Environment
  • #4 in Cost of Doing Business
  • #5 in Labor Climate
  • #6 Top State for Doing Business

This is a remarkable set of top-10 votes for Louisiana from national economic development consultants; you can see the full report here.

These latest rankings are just another example of what we see happening all around us.  Louisiana continues to leap forward in all areas – jobs, economic development, business climate, entrepreneurship, etc.  As I tell people around the country the “Louisiana Story”, their reactions are somewhere between amazement and skepticism.  I can tell some of them flatly don’t believe a word I am saying.

That is what makes telling the story even more remarkable.

October 22, 2012|Blog, Corporate, Market Research, President's Message, Rankings|

Eye on the Market Highlights – August 8, 2012

Stirling Properties’ Eye on the Market research alert is emailed to our mailing list and features all the latest news and market reports about the Gulf South.  We scan local and regional news outlets, as well as economic development groups, university research centers, and more, so that we can compile all the relevant rankings, news, economic development announcements, reports and more in one convenient place.  Some highlights from our August 8, 2012 Eye on the Market include:

Occupy Lafayette – Stirling’s Ryan Pecot discusses Lafayette’s occupancy rates  – The Independent

Louisiana Ranked Among Top 10 in U.S. across numerous categories – Business Facilities

Louisiana earns Honorable Mention for “State of the Year” – Southern Business & Development

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August 8, 2012|Blog, Eye on The Market, Market Research, Rankings|

Eye on the Market Highlights – July 23, 2012

Stirling Properties’ Eye on the Market research alert is emailed to our mailing list and features all the latest news and market reports about the Gulf South.  We scan local and regional news outlets, as well as economic development groups, university research centers, and more, so that we can compile all the relevant rankings, news, economic development announcements, reports and more in one convenient place.  Some highlights from our July 23, 2012 Eye on the Market include:

The Fresh Market to Open St. Charles Avenue Store in New Orleans on July 25th

Louisiana Ranked Among Top 5 States for Best Business Climate in the U.S. – Business Facilities

New Orleans Tops Fastest-Growing Cities List – BusinessReport

Lafayette Among Fastest Growing Cities Forecast – The Independent

Louisiana, Southeastern States Lead Job-Training Efforts – BusinessReport

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July 23, 2012|Blog, Eye on The Market, Market Research, Rankings|

The Fresh Market to Open New Orleans Store on July 25

Stirling Properties announces that The Fresh Market, Inc. (NASDAQ: TFM) will expand its presence in the South this month with a store in New Orleans, marking the company’s fourth store in the state of Louisiana.

At its newest location at 3338 St. Charles Avenue in New Orleans, the specialty grocer’s full-service philosophy will incorporate unparalleled product selection and expert customer service in an inviting atmosphere. The Fresh Market employs a team of friendly, well-trained professionals who pride themselves on providing the highest level of customer service to shoppers. Team members can often be found offering cooking advice or sharing their favorite tips to help customers create the perfect meal.

“We are excited to open our store in New Orleans and to expand our reach in Louisiana,” said Craig Carlock, the company’s president and chief executive officer. “We look forward to introducing The Fresh Market’s concept of quality perishables, excellent customer service and a unique atmosphere to an expanded customer base, and we look forward to offering neighboring communities a rewarding new food shopping experience.”

Doors will open at 9:00 a.m. on Wednesday, July 25, and grand opening activities will include chef demonstrations, food sampling throughout the store, and drawings for The Fresh Market gift cards. A reusable shopping bag and sample-sized bag of the company’s gourmet coffee will be free to the first 1,000 customers.

The New Orleans store will house over 24,800 square feet of culinary delights, including a bakery that produces 30 freshly baked breads and 14 different pie varieties daily, a full service meat counter with freshly ground beef, a wide selection of ready-to-serve entrées, fresh seafood delivered to the store several times per week, and more than 200 imported and domestic cheeses, as well as a bountiful produce department with more than 400 items and a large organic selection.

The Fresh Market’s inviting atmosphere is reminiscent of old-world European markets, says Carlock.  “Our customers enjoy shopping in an environment that appeals to all the senses. The smell of freshly brewed coffee and bread right out of the oven, the sound of classical music, soft lighting with antique décor in an intimate setting, and the ability to select and taste fresh, high-quality products all work together to create surroundings where customers are encouraged to experience the food.”

Stirling Properties redeveloped the property, formerly a Borders bookstore, to accommodate The Fresh Market. Stirling Properties also leases and manages the property owned by Stirling Forterra, LLC.

“This historic property will soon come back to life as the debut of The Fresh Market to the New Orleans area,” said Lewis Stirling, Executive Vice President of Stirling Properties. “We are pleased to bring the first specialty grocer to St. Charles Avenue and the Garden District neighborhood.”

The Fresh Market looks forward to becoming an active member of the New Orleans community. The company has made a significant investment in New Orleans and the new store is bringing approximately 90 new jobs to the area, most of which are being filled locally.

The Fresh Market is committed to the communities where it does business, and its employees enthusiastically support local organizations that are important to the stores’ communities and customers. The New Orleans store will partner with local food banks by providing regular donations of food and the store management looks forward to making community relations an integral part of their business. In addition, as part of the company’s focus on providing the freshest, best quality products, the new store will feature a growing number of local products from New Orleans area growers and producers, such as Hoffstadt Farms.

July 9, 2012|development, Fresh Market, news, Press Releases|

Eye on the Market Highlights – June 2012

Stirling Properties’ Eye on the Market research alert is emailed monthly to our mailing list and features all the latest news and market reports about the Gulf South.  We scan local and regional news outlets, as well as economic development groups, university research centers, and more, so that we can compile all the relevant rankings, news, economic development announcements, reports and more in one convenient place.  Some highlights from our June 2012 Eye on the Market include:

Louisiana up 14 spots in 2012 Best States for Business – Chief Executive

Louisiana in Top 10 for State Economic Momentum– NOLA.com

Louisiana earns ‘A’ for small-business friendliness – Kauffman Foundation

Lafayette #1 among “Best Mid-Size Cities for a Job”– Forbes

A Tech Buildup on the Bayou – The Wall Street Journal

New Orleans is Beginning to Attract National RetailersNOLA.com

‘Tide Has Turned’ for South La. Commercial Market – Business Report

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