Posted: Mar 14, 2014 3:55 PM
Source: Associated Press
NEW ORLEANS - The New Orleans region needs to prepare itself for economic growing pains.
That's the message delivered Thursday by Michael Hecht, who leads the economic development group Greater New Orleans Inc.
The New Orleans Advocate reports Hecht spoke to business leaders at the organization's annual meeting.
He told them the region's economy is growing for the first time in decades, and skilled workers will be in demand for such industries as petrochemical, biomedical, software and other fields.
If the region can't produce those workers, he says, its recovery will stall.
According to the organization's regional economic growth Index, the local economy has been growing by about 3 percent a year since 2009.
GNO Inc. is the regional economic development agency for 10 southeast Louisiana parishes.