A long-abandoned schoolhouse in the heart of Gretna re-opened this month as a new-and-improved co-working space, after a $3.5 million renovation funded by Jefferson Parish government and state historic building tax credits. READ MORE HERE>>
The Jefferson Parish Economic Development Commission (JEDCO) recognized key businesses and business leaders who helped shape the local economic landscape in 2024 at its annual year-end meeting. MORE HERE>>
From a movie animation studio to a wind turbine technology company to a new casino, the Jefferson Parish Economic Development Commission recently celebrated this year’s wins for the business community at the Hilton New Orleans Airport.READ MORE HERE>>
The Jefferson Parish Economic Development Commission (JEDCO) announced last week the launch of a dynamic marketing campaign to attract new business investment, engage with companies seeking to expand or relocate and foster economic growth in Jefferson Parish. MORE HERE>>
Jerry Bologna, CEO of the Jefferson Parish Economic Development Commission, said the region’s location as an important transit hub helps make it attractive to companies looking to distribute food products across the U.S. Read More>>
Jefferson Parish leaders working on a new building that will help small businesses grow. View Video Here>>
Local, state and federal officials — including U.S. Sen. Bill Cassidy — attended the announcement at JEDCO headquarters in the Churchill Technology & Business Park in Avondale. A half dozen entrepreneurs were there to show support — and provide free samples. READ MORE>>
The Jefferson Parish Economic Development Commission (JEDCO) joined federal, state and local officials in Churchill Technology and Business Park to celebrate the first step in building a Food & Beverage (F&B) Incubator in Jefferson Parish on Wednesday, Oct. 2. JEDCO received $4.2 million in grant funding for the design, engineering, and construction of a 15,000 square-foot facility, fulfilling a critical need in Southeast Louisiana. READ MORE HERE>>
A St. Louis-based agribusiness conglomerate is embarking on a $1 billion investment in the New Orleans area, including a plan to triple capacity at its Avondale palm oil refining facility, which will make it the largest processing plant of its kind in the U.S., company executives said. READ MORE>>
A West Bank staple is again operating after being closed due to damage from Hurricane Ida. READ MORE HERE>>
A West Bank skating rink reopened for business Thursday following a nearly three-year closure due to Hurricane Ida damage. READ MORE HERE>>
In what officials described as a major breakthrough in efforts to develop a largely untouched corner of Jefferson Parish, Atmos Energy is planning to construct a new office for approximately 100 employees near the West Bank entrance to the Huey P. Long Bridge. Read More>>
Tommy talks with Jerry Bologna, Executive Director of JEDCO (Jefferson Parish Economic Development Commission)! Listen Here>>
The McDonoghville neighborhood in Gretna was recently added to the National Register of Historic Places. Read More Here>>
Construction and design firm RNGD plans to expand its operations in Jefferson Parish, Louisiana. The approximately $25 million project is expected to create 130 jobs. Read More Here>>
Birdon America, the U.S. arm of an Australian firm that specializes in marine engineering and construction, is expanding its local offices in Elmwood, as it gears up to fill a new $1.1 billion, 10-year contract for the Coast Guard. Read More Here>>
One of New Orleans’ most prominent construction firms is planning a major expansion in Jefferson Parish, including the possible relocation of its corporate offices, as it seeks to grow a part of its business focused on manufacturing components of buildings and structures and assembling them in a factory. READ FULL ARTICLE HERE
More than half of Jefferson Parish’s housing stock was built in the 1960s and 70s — and it’s showing its age. >>Read Full Article Here<<
Tommy talks with Jerry Bologna, Executive Director of JEDCO (Jefferson Parish Economic Development Commission). >> LISTEN HERE<<
JEDCO, the Jefferson Parish economic development agency, recently led a boat expedition to bring restaurant chefs to meet oyster farmers like these at work off Grand Isle, part of an effort to bolster the seafood industry in the parish. READ MORE.
Almost 100 years after opening a local dry cleaning and laundry service in Westwego, Loop Linen Service will soon break ground on a new $15 million facility, the Jefferson Parish Economic Development Commission said Monday. Read More>>
A Vietnamese dessert drink company founded in 2008 has opened its first Louisiana outlet, in a former mattress store in Metairie. Read More Here>>
Jerry Bologna joins Tommy to talk about how business in Jefferson Parish is doing. Listen Here>>
Jerry Bologna, President & CEO of Jefferson Parish Economic Development Commission (JEDCO), joins Newell to talk about Ochsner Health’s 10-year pact with MD Anderson to give local patients access to the same cutting edge treatments available at the renowned Houston cancer center. Listen Here>>
The JEDCO staff announced and celebrated the organization’s recent reaccreditation at the 2022 JEDCO Annual Luncheon at the Hilton New Orleans Airport. Read Full Article Here>>
From the return of a pastry powerhouse to the launch of its first taproom, Jefferson Parish is rapidly emerging as a culinary powerhouse. Read Full Article Here>>
JEDCO is driving growth in Jefferson Parish, including with a first-of-its-kind loan program for commercial fishermen. Read Full Article Here>>
Ochsner Health has entered into a 10-year pact with The University of Texas MD Anderson Cancer Center, a partnership that Ochsner officials say will give local patients access to the same kind of cutting-edge treatments available at the renowned Houston cancer center. Read full article here>>
Continuing a trend of high-end rental housing either planned or under construction in Jefferson Parish, 1st Lake Properties will soon break ground on a 260-unit apartment complex on Loyola Drive in Kenner near Ochsner Health Center. Read Full Article Here>>
The Huey P. Long Bridge is critical to the continued diversification of Jefferson Parish’s West Bank. Read Full Article Here>>
Harvey Gulf International Marine will build their own headquarters on a plot of land off Airline Drive and Severn Avenue on the site of the former Texas Motel. FULL STORY HERE
Inland Seafood was destroyed during Hurricane Ida, and after several temporary relocations, it has settled in Elmwood. The $4 million investment is expected to boost the Jefferson Parish economy and help elevate the local fishing industry as the company distributes Gulf seafood and other food products to restaurants in the area. << Read Full Story >>
JEDCO to lead initiative, with $110K infusion from Jefferson Parish Council READ MORE>>
Our CEO, Jerry Bologna, discusses the new Shell Gulf Wind Technology Accelerator Center on WWL. Listen Here>>
NEW ORLEANS (WVUE) – The sprawling Port of South Louisiana wants to own the former Avondale shipyards site which was transformed into a multi-modal commerce facility by a private company. <<MORE>>
AVONDALE, La. — The Port of South Louisiana announced it is in the process of buying what was once Avondale Shipyard. Port leadership says it will mean faster expansion for the site, which was once the booming economic center of the region. <<MORE>>
The Port of South Louisiana has agreed to buy the former Avondale shipyard site for $445 million from the Virginia-based terminal operator that bought it five years ago, a deal port leaders argued will help the site reach its potential for economic development and job creation. <<Read More Here>>
Almost a decade after it moved to a new campus near Avondale, Louisiana’s top-ranked public high school finally has its own gymnasium. READ MORE>>
On Dec. 13, the Jefferson Parish Economic Development Commission, in partnership with Jefferson Parish Schools and local elected officials, celebrated the grand opening of the Patrick F. Taylor Science and Technology Academy Activity Center. The ribbon cutting marked the completion of a nearly $40 million, multi-facility economic development and education project in the Churchill Technology and Business Park. Read more.
Movie Poster Archives Gallery and Gifts opened its doors in Jefferson Parish in December 2022, boasting one of the largest movie poster collections in the world. Watch here.
The Jefferson Parish Economic Development Commission celebrated a year of new projects and initiatives at its Dec. 1 meeting at the Hilton New Orleans Airport hotel. The year-end luncheon, sponsored by Gulf Coast Bank & Trust Company, was also a chance to honor the agency’s 35 years in operation.
A grand opening ceremony was held Wednesday at 7521 River Road in Marrero, where the national food distributor acquired the facility from F. Christiana in 2017 and began construction in 2019. CLICK HERE TO READ MORE>>
WESTWEGO, La. — The next time you dine at a New Orleans restaurant, there’s a chance the ingredients for your meal came from the massive new US Foods distribution center located on River Road on the west bank of the Mississippi River between the Crescent City Connection and Huey P. Long Bridge. CLICK HERE TO READ MORE>>
It’s another sign of a return of New Orleans favorite pies are making a comeback.
The company that make Hubig’s Pies is putting up the ‘Help Wanted’ sign: https://opportunities.ledfaststart.com/hubigspies
LISTEN TO OUR CEO, JERRY BOLOGNA, ON HUBIG’S PIES RETURN HERE>>
News that the pie maker is now hiring again spread faster on social media than the flames that wiped out Hubig’s historic factory in the Marigny more than ten years. Read More>>
Michael Hecht, President & CEO of GNO Inc, joins Newell to give updates on economic development in the New Orleans area with the help of the NOLA Coalition. Hecht also brings in Jerry Bologna, Executive Director of JEDCO (Jefferson Parish Economic Development Commission), to discuss the $1.5 million in grant money received by JEDCO from the US Economic Development Administration to help small businesses in Jefferson Parish. Listen Here>>
Jerry Bologna, Executive Director of JEDCO (Jefferson Parish Economic Development Commission), joins Newell to talk about big economic development projects and new businesses launching, expanding or relocating to Jefferson Parish. Listen Here>>
This week, Yakuza House opened the doors at a new location that is indeed exponentially larger but is also designed to keep the original focus. Read More>>
The ‘grand-reopening’ of Avondale follows years of setbacks due to high water, the pandemic and Hurricane Ida. CLICK HERE TO READ MORE>>
Nearly a decade since its closure, the site of the former Avondale Shipyard is open for new business and in the early stages of a goal to reemerge as one of the state’s top economic drivers. CLICK HERE TO READ MORE>>
US Foods Holding Corp. said Monday it has completed the expansion of its distribution center in Marrero. Read More>>
Soon after chef Huy Pham opened his first restaurant Yakuza House last year, its six-seat sushi bar became some of the hottest seats in town. From this tiny space in Metairie, he kept a tight focus on hand rolls, a sushi bar specialty, and built a wide following. CLICK HERE TO READ MORE.
Yakuza House – a local JEDCO borrower – will expand to a larger space in late 2022. Read more >>
“With its proximity to the airport and the city of New Orleans, its walkability and quality of life, Gretna is uniquely suited for success,” observed Jerry Bologna, president and CEO of the Jefferson Economic Development Corporation (JEDCO). “And the business climate in Gretna is outstanding.” Read more >>
Formerly the Business Retention and Expansion department, JEDCO has rebranded the cohort as HEART, emphasizing the truly comprehensive nature of its work. Standing for “Hub for Expansion, Attraction, Retention and Talent”, the acronym not only exemplifies JEDCO’s position in the parish’s economy, but touches upon every one of the roles it plays. Read here >>
The newly-opened JEDCO Finance Center was featured in Biz New Orleans. The newly remodeled JEDCO Finance Center provides a modern setting for collaboration and growth. Read more >>
JEDCO’s Director of Strategic Initiatives and Policy was recognized as one of Biz New Orleans most inspiring, influential and impactful leaders of 2022. Read more >>
Bemana, a company that recruits employees for various equipment, power generation and industrial sectors across North America, has opened its new headquarters in Metairie. Read more >>
Many of the key leaders driving the economic development strategy and policy for Jefferson Parish are women—at Jefferson Parish Economic Development Commission (JEDCO), the innovative approaches of Lacey, Annalisa, Janet, and Kelsey have helped establish the organization as a recognized leader in economic development. Read more >>
JEDCO and the Jefferson Chamber of Commerce created an educational series designed to support small business owners and help them reach the next level of success in Jefferson Parish. Read more here >>
Avondale Marine, which bought the idle Avondale Shipyard property last fall, has yet to open for cargo operations. But already it’s in business. Read more >>
“I’m actually in a slight panic about what we’re going to do in 2019 as an encore,” said Jerry Bologna, president and CEO of JEDCO (Jefferson Parish Economic Development Commission) when asked about the organization’s success this past year.
Bologna has every right to be nervous. Jefferson Parish has had an incredible year, arguably the best since Bologna took over as JEDCO’s CEO in 2000. The most high-profile win for the parish being the successful purchase of Avondale Shipyard, Biz New Orleans’ business story of the year for 2018. Read more>>
Avondale Shipyard Project: #1…On Oct. 3, Avondale Marine LLC, a newly formed joint venture between Virginia-based T.Parker Host and Illinois-based Hilco Redevelopment Partners, finalized the purchase of Avondale Shipyard from Huntington Ingalls Industries. The deal was praised as “one of the largest economic development announcements in Jefferson Parish history,” by Jefferson Parish president Mike Yenni. Read more>>
Fuji Vegetable Oil Inc., owned by Fuji Oil Holdings of Japan, will develop a food processing, storage and distribution complex just West of New Orleans, in Jefferson Parish, Louisiana. Read more >>
The transition of Elmwood Shopping Center into an development anchored with new residences, retail and dining choices took a key step forward Wednesday (Oct. 10) when the Jefferson Parish Council approved the creation of a special economic development district. Doing so will allow the Lauricella Land Co., which owns the sprawling property, to begin the process of seeking tax breaks for their plans. Read more >>
The 254-acre Avondale Shipyard site on the west bank of Jefferson Parish is officially back in business. Gov. John Bel Edwards and a host of local business and civic leaders were on hand at the shipyard Thursday morning to welcome the site’s new owners, Avondale Marine LLC. Read more >>
The Jefferson Parish Council on Wednesday threw its support behind the proposed purchase and redevelopment of the former Avondale Shipyard, which officials estimate could bring more than 2,000 jobs back to the shuttered site.
The council expressed support for an agreement between the purchaser, a new company named Avondale Marine, and the parish’s economic development arm, the Jefferson Parish Economic Development Commission. Read more >>
The Jefferson Parish Economic Development Commission (JEDCO) is pleased to announce JEDCO President and CEO Jerry Bologna’s inclusion on a list of North America’s Top 50 Economic Developers. Consultant Connect, a consulting agency designed to bridge the gap between economic developers and site consultants, recognized Jerry alongside his economic development peers in a press release Monday. The professionals selected for this year’s list were nominated by their colleagues in both the economic development industry and the site consultant community for excellent practices, innovation and success in building the communities they serve. Read more >>
Delgado Community College has opened its newest campus in time for the fall semester. The college held a ribbon-cutting Thursday morning at the Delgado River City Site and Advanced Manufacturing and Technology Center, at Churchill Technology & Business Park in Avondale. Read more >>
On Feb. 3, 2014, the newly constructed USS Somerset, a San Antonio-class amphibious transport dock of the United States Navy, left Avondale Shipyard to great media fanfare and bittersweet waves. For seven decades, the shipyard had been a bustling, vibrant facility, employing generations of residents at all levels of education and skill sets – 26,000 men and women at its peak. The USS Somerset was the last Navy ship constructed at the storied facility, and its departure coincided with the closing of what had once been the state’s largest employer. Read more >>
Delgado Community College will open the doors next week at its $27.3 million River City campus in West Jefferson, a facility school officials say will help produce the workforce crucial to meeting the needs of industry in south Louisiana. Read more >>
Delgado Community College is expanding. Its new campus in Avondale will open in August. The campus will house a number of Delgado training programs geared at preparing students for jobs in industries based on the Mississippi River and in Jefferson Parish west of the Huey P. Long Bridge. Read more >>
The Jefferson Parish Economic Development Commission (JEDCO) announced a major achievement for an international company with a Jefferson Parish impact. Pond, an Architecture, Engineering and Planning firm with their Planning and Geospatial hub in Metairie was recently awarded a five-year, $100 million contract by the U.S. Army Engineering and Support Center, Huntsville, U.S. Army Corps of Engineers (USACE) for real property planning and programming management support services under a Joint Venture with Woolpert. Read more >>
A New Jersey-based salon that specializes in express hair and makeup styling has moved into Metairie.Cherry Blow Dry Bar opened at 210 Veterans Memorial Blvd., Suite B in early June. A news release said the shop created 12 jobs, with an additional 12 anticipated in the next two months.
The company provides blowouts, hair extensions and makeup services. It received a $225,000 loan from the Jefferson Parish Economic Development Commission, which financed half of the project and covered leasehold improvements and operating capital. Read more >>
A broadline distributor of food and food-related products, US Foods will make a significant investment to expand the company’s F. Christiana distribution facility in Marrero, Louisiana. The company will retain 140 existing jobs and create 45 new direct jobs.
“This is a major economic development win for JEDCO and Jefferson Parish,” said JEDCO President & CEO Jerry Bologna. “We are proud that this project will retain jobs in our community while also creating additional opportunities for employment, which is always a focus for our organization. Through the Jefferson EDGE 2020, the parish’s long-term economic development strategic plan, JEDCO placed an emphasis on the success and growth of the local food & beverage industry. This is the second major food-related project announced in Jefferson Parish this year, resulting in a significant investment into the West Bank of Jefferson Parish.” Read more >>
A business developed to make biopsy evaluations more accurate and efficient won JEDCO’s sixth annual startup pitch competition Tuesday afternoon. The Jefferson Parish Economic Development Commission, in partnership with Greater Lakeside Corporation, announced Instapath as the winner of the 2018 JEDCO Challenge powered by Greater Lakeside Corporation. Instapath COO David Tulman delivered the winning pitch. Read more >>
Marrero native Dr. Lana Joseph is the owner of High Level Speech and Hearing Center.Joseph opened in Harahan in 2016 and, after expanding her offerings from just adults to pediatric patients, opened a second location in Uptown New Orleans this past January. In just over two years, the company has amassed over 18,000 patients and is ranked among the top eight speech pathologists in New Orleans in 2018 on Expertise.com.
When it came to financing her dreams, however, Joseph struggled for a while. “I got approved through Wells Fargo, but they wanted a really high interest rate. Then I found out about JEDCO and through them, I secured a $65,000 loan and paired that with $23,000 I had saved.” Read more >>
The Jefferson Parish Economic Development Commission (JEDCO)joined local elected officials and business leaders to celebrate the grand opening of the new Computrols headquarters Friday. The local tech company moved into a 44,000 square-foot facility in Gretna to accommodate its continued expansion, investing $2 million into the project. The new headquarters features a state-of-the-art manufacturing facility, office space, and a training center. Read more >>
Each year, the Jefferson Parish Economic Development Commission invites entrepreneurs to apply for the annual JEDCO Challenge, a pitch competition highlighting ideas with the potential to grow and positively impact Jefferson Parish. The entrepreneurs will compete for $20,000 in direct capital and additional in-kind business services to help them grow. Read more >>
The JEDCO president and CEO provides more details on the redevelopment of Avondale Shipyard and neighborhood revitalization efforts in Jefferson Parish. Read more >>
AxoSim, which has developed a so-called “nerve on a chip” technology that allows scientists to test the effects drugs can have on people in the lab, was among three local tech startups to pitch their ideas Friday before a crowd at New Orleans Entrepreneur Week. As the winner, AxoSim gets a $100,000 investment toward its next round of funding.
This isn’t AxoSim’s first successful public pitch. It won the Louisiana BioChallenge business pitch in 2014, landing the $25,000 cash prize. In 2016, the company was a finalist in the Jefferson Parish Economic Development Commission Challenge as well as The Big Idea, a crowd-based pitch at New Orleans Entrepreneur Week. Read more >>
The local entrepreneurial community has been buzzing more than usual over the last few days as the city is in the midst of New Orleans Entrepreneur Week (NOEW). While historically held during NOEW, there has been a slight shift and the sixth annual JEDCO Challenge for Jefferson Parish entrepreneurs will now be held in May.
Run by the Jefferson Parish Economic Development Commission, and powered by the Greater Lakeside Corporation, the JEDCO Challenge is seeking applications through March 26, 2018. Read more >>
The latest piece of Ochsner Medical Center’s growing puzzle was unveiled Thursday: The new West Campus, an eight-acre expansion of its Jefferson Highway campus that boasts a five-story, 130,000 square-foot building featuring a skilled nursing facility, an inpatient rehabilitation hospital and a long-term acute care unit all in one. Read more >>
A site near the former Avondale Shipyard has been chosen for a $70 million vegetable oil processing facility that will create 39 new jobs. Gov. John Bel Edwards, Louisiana Economic Development and JEDCO announced the deal Wednesday (March 15) with Fuji Vegetable Oil. Read more >>
Following a public request for proposals process, the Jefferson Parish Economic Development Commission (JEDCO) has selected Perkins+Will to develop a master plan for the Churchill Technology & Business Park in the Fairfield area of Avondale.
The award-winning global multi-disciplinary, research-based architecture and design firm will begin developing the plan in late February. The entirety of the planning process will span ten months, culminating in a presentation of the final master plan in early 2019. Read more >>
It was a haven for good paying jobs for decades, so could 2018 be the year the closed Avondale Shipyard is returned to commerce in Jefferson Parish? There appears to renewed optimism that word could come soon on a possible sale of the sprawling shipyard along the Mississippi River.
“Putting that shipyard and that property back into commerce has been our number one priority for a couple of years,” said Jerry Bologna, President and CEO of JEDCO, an economic development entity for Jefferson Parish. Read more >>
New Orleans CityBusiness takes a look back at the biggest business stories in 2017. Several JEDCO projects top the list. Read more >>
New direct international flights help the New Orleans International Airport have a record-breaking year. The regional medical industry continues to grow rapidly, thanks in large part to Ochsner Health System’s massive expansion along the Jefferson Highway Healthcare Corridor. It was a great year for Jefferson Parish and the entire Greater New Orleans Region. Read more >>
Working in conjunction with the Jefferson Economic Development Commission, known as JEDCO, Jefferson Parish officials have begun a façade improvement program that offers loans of up to $50,000 to help business owners upgrade the parts of their business that face the street, according to a news release about the program. Read the full story here.
Although it’s not officially a city, Metairie has been named one of America’s 50 Best Cities to Live.
New Orleans’ first suburb received that distinction from ’24/7 Wall St.’ The financial news and opinion company says Metairie is the 27th best place to live in the country.
“It compares us favorably to a number of markets,” says Jerry Bologna, President and CEO of The Jefferson Parish Economic Development Commission. “I mean, the article took into account 590 cities, really, across the country.”
Once a bastion of hope for young orphaned children, the Spanish Renaissance-style buildings that make up the now vacant and slowly deteriorating Hope Haven campus in Marrero soon could be given a new purpose. The Jefferson Parish Council recently approved an agreement with the Archdiocese of New Orleans to lease the property and renovate the buildings for office space.
The nearly 500-acre Churchill Technology and Business Park in Avondale has been described as part of the “last frontier” in Jefferson Parish, in terms of the availability of developable green space. It’s part of the Fairfield land tract, prime acreage that parish officials have high hopes will attract upscale residential and business ventures.
To that end, the Jefferson Economic Development Commission is soliciting proposals for a master planner and has created an RFP – a request for proposals – that lays out the criteria and deadline for applying for the job.
Select Comfort, a $1.3 billion mattress company, has opened a new technical support contact center in Jefferson Parish. The new center occupies two-floors of an Elmwood office building that formerly housed Stewart Enterprises.
At the center, 225 employees with an average salaries of $30,000 will provide sales and support services for customers of the company’s Sleep Number® beds and products, according to Jefferson Parish Economic Development Commission (JEDCO).
Select Comfort conducted a national search before deciding to bring the center to Elmwood. State, local and regional leaders who helped land the economic development deal greeted company executives at the center’s grand opening Wednesday.
Jerry Bologna, President & CEO of JEDCO, joined Newell Normand on his radio show to discuss JEDCO initiatives, economic development wins, and success stories.
The Adler family joined the Jefferson Parish Economic Development Commission (JEDCO), parish president Mike Yenni, councilwoman-at-large Cynthia Lee-Sheng and District 5 councilwoman Jennifer Van Vrancken Tuesday, Sept. 26, to celebrate the grand opening of the new Adler’s jewelry store in Metairie.
The iconic Greater New Orleans jeweler recently relocated its Jefferson Parish retail space from Lakeside Shopping Center to 2937 Veterans Memorial Blvd., Suite B.
Thirty years ago, in 1987, the leadership in Jefferson Parish had the foresight to create a separate economic driver to survive changes in administrations and lead business activity and growth throughout the parish.
During this time frame, with JEDCO’s leadership, Jefferson Parish has had a very impressive and consistent source of business prosperity and retention.
This month, the Jefferson Parish Economic Development Commission (JEDCO) celebrates its 30th anniversary. Jerry Bologna (JEDCO’s president and CEO) and his award-winning staff continue to move Jefferson forward. The strategic plan of the Jefferson EDGE is powerful, and JEDCO remains relevant in this changing business climate with its strategic workforce solutions, mission to help businesses on tax incentive programs and so much more.
Two years after it was put up for sale, the former Avondale shipyard has found a buyer, but few details have been released about the idle West Bank facility’s future.
Huntington Ingalls Industries executives disclosed the development Aug. 3 in an earnings call with analysts. The Daily Press of Newport News, Virginia, where the defense giant is based, first reported the news Tuesday.
“We signed a purchase-and-sale agreement for the sale of the property,” Chris Kastner, Huntington Ingalls’ chief financial officer, told analysts, according to the report. “While this is a positive step toward an eventual sale, a comprehensive due diligence process will now be initiated before the potential buyer is obligated to close.”
Spurred by one of the fastest growing airports in the nation, Business Facilities Magazine has named New Orleans No. 7 for connectivity amongst mid-sized cities in North America.
Michael Hecht, president and CEO of Greater New Orleans, Inc., said over the past two years, the New Orleans Airport has added international flights to London, Frankfurt and Panama City, and now hosts 15 airlines that serve 57 nonstop destinations (eight international) with approximately 150 daily departures.
New Orleans is also one of only two cities in the U.S. with six Class-A railroads, has major interstate access, and sits at the mouth of the Mississippi River which serves 31 states and two Canadian provinces, Hecht said.
Winner of this year’s JEDCO Challenge, Chosen Diagnostics founder Sunyoung Kim is bringing new hope to families of preterm infants. Read more here.
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