New Orleans predicted to see little effect from recession.
Though national trends are down, several indicators point to a successful year for the greater New Orleans area.
It's been a tough year for the nation. Unemployment hovers in the double digits. Banks and mortgage companies continue to recover. But ask a New Orleans resident and they'll might tell you the effects of recession are hard to see.
According to a January 2010 article published in the New Orleans Times-Picayune by Rebecca Mowbray, many of the downward trends we see nationally simply didn't occur in Louisiana. Beyond that, the effects that are evident appear diminished in some way.
"In Louisiana, job losses were shallow and unemployment rates are improving," Mowbray reports. It's a trend that points to a shorter recession for a region that's consistently on the move.
What does this mean for business?
Now more than ever, businesses are poised to reap the benefits of a positive economic projection. 2010 will offer a number of opportunities to locate in developing areas before populations and prices begin to surge.
More:
- Contact us for information on New Orleans' top emerging areas
- Read the full article at gnoinc.org
