Explore Candidates New Orleans Mayor Troy Henry on Economic Development

Troy Henry on Economic Development

Troy Henry supports increasing the percentage of New Orleans tax funds dedicated to economic development

Response to engageNOLA candidate questionnaire, January 2010

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Troy Henry supports a public-private partnership, such as the proposed New Orleans Economic Development Council, to control tax dollars for economic development

"Yes, I'm a huge fan of the initiative, there are a couple minor couple tweaks I would make to it. One, I want to make it more aggressive... Second of all I want to make sure the governance structure is properly conceived from the standpoint of the City's role...but I'm a huge fan and a huge supporter of the initiative and want to make sure we get forward with it."

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Supports having New Orleans Economic Development Corp. (public-private partnership) "with changes."

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"I support a Public Private Partnership for economic development, and I will immediately revive that discussion with the business community. However, I’m not in favor entirely stripping that function from the Mayor’s office because I will play an active role in fostering economic development in our City."

Answer to Candidate Watch survey

Response to engageNOLA candidate questionnaire, January 2010

LINK (quote)

Troy Henry is neutral on using public economic development tools to prioritize growing local businesses over attracting outside businesses

"I want to bring 40,000 to 50,000 new jobs to New Orleans by doing extensive recruitment of at least 200 of the Fortune-1000 companies to move some of their business units/services to the City. I’ll also ask President Obama to show that the federal government believes in the quality of the levees that they built to protect our City by moving thousands of federal jobs to the area. I’ll lead this recruitment effort while working closely with other City and regional leaders in the public and private sector to ensure success. The City itself can also be an economic development engine. Every year, the Administration spends millions of dollars on City contracts. I’ll make every effort to ensure that those taxpayer dollars are recycled in our own community by choosing capable and qualified local firms to do work in the City."

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Response to engageNOLA candidate questionnaire, January 2010

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Troy Henry is neutral on moving city economic development funds from established industries (tourism, oil and gas, trade) to potential growth industries (biotechnology, green energy, digital media)

Henry explains he'll institute a Chief Cultural Officer in the administration to preserve the cultural industry and support individuals in the culture industry.

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"If property owners have financial challenges to rebuilding, we must work collaboratively with non-profits and NORA to provide residents with opportunities to rebuild or purchase affordable new, energy-efficient homes (similar to the program being implemented in Pontchartrain Park)."

Answer to Candidate Watch survey

"I will continue to support the City’s multi-year $250+ million investment in Reinventing the Crescent because it will enhance the riverfront, the City, and our overall quality-of-life, as well as spur an additional $3.6 billion in private investment, particularly in residential and commercial development. Those investments along the riverfront, enhancements to the area along the port, and the development of new cruise ship terminals will enable the port to better achieve it’s short-term and long-term objectives."

Answer to Candidate Watch survey

Response to engageNOLA candidate questionnaire, January 2010

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Troy Henry supports using city tax breaks to encourage or direct economic development, even if such targeted tax cuts require spending cuts or new taxes in other areas

Response to engageNOLA candidate questionnaire, January 2010

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