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Growing Into the Future: How St. Tammany Can Maximize Its Potential BGR Breakfast Briefing October 2, 2009 Covington Courtyard Marriott Ivan J. Miestchovich,

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Presentation on theme: "Growing Into the Future: How St. Tammany Can Maximize Its Potential BGR Breakfast Briefing October 2, 2009 Covington Courtyard Marriott Ivan J. Miestchovich,"— Presentation transcript:

1 Growing Into the Future: How St. Tammany Can Maximize Its Potential BGR Breakfast Briefing October 2, 2009 Covington Courtyard Marriott Ivan J. Miestchovich, Jr., Ph.D. Director and Associate Professor Institute for Economic Development and Real Estate Research University of New Orleans

2  Transportation Infrastructure › Causeway/I-10 – I-12 › Population Migration – Rooftops  Quality of Life › Quality Education › Trees – Rural/Ex-Urban Ambiance  Economic Growth of New Orleans Region › Rooftops – Maturing Business Mix › Retail – Office - Warehousing  Land Availability › Relatively Low Entry Barriers Drivers of Historic Growth in St. Tammany Parish – The Basics 2

3  Business Friendly Environment › Cooperative/Supportive Local Government › EDF and District › Strong Chambers of Commerce › Business Council › Business Sensitive State Delegation  Being Out of Harm’s Way › Higher Elevations/Lower Risk Drivers of Historic Growth in St. Tammany Parish – The Basics 3

4 Northshore Population 1970 to 2000, Estimates to 2008 Source: US Department of Commerce, Bureau of the Census 4

5 Northshore Population by Parish 1970 to 2000, Estimates to 2008 Source: US Department of Commerce, Bureau of the Census 5

6 Northshore Population by Parish Source: US Department of Commerce, Bureau of the Census 6

7 Northshore Population by Parish 2008 (Estimate) Source: US Department of Commerce, Bureau of the Census 7

8 Summary of Population Growth Louisiana Metropolitan Statistical Areas 1970 to 2000, 2008 Estimate Source: US Dept of Commerce, Bureau of the Census and Louisiana Tech University, College of Business Research Division 8

9 Northshore Employment 1980 to 2008 Source: US Department of Commerce, Bureau of the Census 9

10 Northshore Employment by Parish 1980 to 2008 Source: US Department of Commerce, Bureau of the Census 10

11 Unemployment Rate U.S., Louisiana, New Orleans MSA, St. Tammany Parish 1995 – August 2008 Source: Louisiana Workforce Commission 11

12 New Orleans Metro Economy Percent Recovered Source: UNO Division of Business and Economic Research, Metropolitan Report, September

13 St. Tammany Parish Percent Recovered Source: UNO Division of Business and Economic Research, Metropolitan Report, September

14 Residential Building Permits Single Family Housing Northshore and Louisiana, 2000 – July

15 New Single Family Construction Building Permits 2000 – – July 2009 Source: US Census Bureau: Residential Building Permits 15

16 New Multi-Family Construction Building Permits – July 2009 Source: US Census Bureau: Residential Building Permits 16

17 Single Family Unit Sales Volume Northshore Parishes, 2005 – September 2009 Source: New Orleans Metropolitan Association of Realtors 17

18 Single Family Average House Price St. Tammany Parish, 2005 – September 2009 Source: New Orleans Metropolitan Association of Realtors 18

19 This representation is based in whole or in part on data supplied by New Orleans Metropolitan Association of Realtors, St. Tammany Association of Realtors, Tangipahoa Board of Realtors, Baton Rouge Board of Realtors or their Multiple Listing Services. Neither the Boards, Associations, nor their MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Boards, Associations or their MLS may not reflect all real estate activity for all years. Source: LATTER & BLUM Research Division Numbers are for existing residential property only. St. Tammany Parish Single Family- Active Listings vs. Sold Listings 1989 thru 2009 SECOND QUARTER 19

20 Attracting Corporate Citizens. Wink office building, LLOG headquarters 20

21 Economic Development Hierarchy Economic Development Hierarchy Benchmarks Objectives Goals Map Economic Development FOCUS: Infrastructure Physical Intellectual Technological Capacity Building Community Buy-In Leadership Business & Industrial Development FOCUS Recruitment Retention Promotion Economic Growth & Diversification RESULTS: Jobs Income Innovation Wealth Creation Capital Investment Entrepreneurship 21

22  Transportation Infrastructure › I-10/I-12/I-55/I-59 › Horizontal Corridor Focus – Slidell to Baton Rouge  Quality of Life › Quality Education › Post-Secondary Expansion › Quality Jobs – Wealth - Prosperity  Economic Growth of Northshore Region › Emergent Diversified Region › Traditional and Evolving Linkages to New Orleans and Baton Rouge Drivers of St. Tammany’s Future Growth – Much The Same With Shifts 22

23  Business Friendly/Supportive Environment › Experienced, Recognized and Respected Leadership  Being Out of Harm’s Way › Seeking Higher Ground › With Superior Highway Network › Access to Local/Regional/National Markets Drivers of St. Tammany’s Future Growth – Much The Same With Shifts 23

24 Wednesday, October 28, 2009 Hosted by the University of New Orleans College of Business Administration & Institute for Economic Development and Real Estate Research Keynote Speaker: Secretary of Louisiana Economic Development Stephen Moret Registration Information and Agenda: or call www.realestate.uno.edu The Greater Covington Center 317 N. Jefferson Avenue, Covington, LA 8:00AM to 12:30PM

25 Agenda Topics Economic Development – Stephen Moret, Secretary of Louisiana Economic Development Banking Panel – Panel of community bankers discussing the lending environment for commercial real estate on the Northshore. Moderated by Larry LeBon, President, Chairman & CEO, Bank of New Orleans. Real Estate Market Outlook : Moderated by Dr. Ivan Miestchovich, Director UNO Institute for Economic Development & Real Estate Research Commercial and Industrial Panel : Grady Brame, Stirling Properties; Quentin Dastugue, Property One, Inc. and Michael Saucier, Gulf States Real Estate Services Residential Panel : Terry Moore, Latter & Blum, Inc.; Larry Schedler, Larry G. Schedler & Associates, Inc. Louisiana Real Estate Commission Continuing Education Credits (4 Hours) Applied For.


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