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Old Posted May 1, 2020, 8:19 PM
prokowave prokowave is offline
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Join Date: Jun 2010
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[QUOTE=Nickapedia;8908502]
Quote:
Originally Posted by FenderOz View Post

I didn’t participate in the economic development convo last week or two, but I will say as a very close follower of such things, New Orleans was worse off economically right before COVID than at anytime in the last 10 years. Let’s hope Shell doesn’t close shop too which I get the feeling might be the next big shoe to fall... the best way to get talented people with good incomes here won’t be any relocation but a renewed openness by top companies to let more employees work remote...


Just curious, what makes you say its the worst its been in 10 years? Is that an oil based comment?
I wonder how much of that might have been due to the cyberattack. It seems like a lot of the contraction was in construction. I know a lot of permits were delayed and a bunch of the FEMA roadwork projects were pushed back a few months. Based on what I'm seeing with the bids, things are ramping up again and we should be seeing a few hundred million in road projects kicking off between now and the end of summer.
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