1. July 21, 2007 New Orleans Urban Redevelopment K.O.R.E. Enterprises, LLC New Orleans Economic Redevelopment Traditional Model  Reduce Poverty  Focus on Deficiencies  Need: Social Services  Lead: Government Market-Oriented Model  Create Jobs and Wealth  Focus on Opportunities  Need: Business Growth and Investment  Lead: Private Sector

2. July 21, 2006 New Orleans Urban Redevelopment K.O.R.E. Enterprises, LLC SWOT ANALYSIS Strength Natural Resources (oil and gas) Higher Education Institutions Hospital and Medical Facilities Unique and Rich Culture The Port of New Orleans Opportunities Strong medical research institutions The indigenous music industry Development of bio-tech industry Increasing demand for the port Ship building and restoring World Class convention and Expos Weakness Lack of E conomic Strategies Less Business friendly Tax Codes High Proportion of less-skilled Labors in Workforce Lack of inward investment Threats Racial and economical segregation High crime rate General trend toward out- migration from the city Increased competition from other cities Natural disaster

3. July 21, 2007 New Orleans Urban Redevelopment K.O.R.E. Enterprises, LLC New Orleans Economic Redevelopment Short-Term Objectives  To bring dispersed New Orleans Residents back  To revive the core industries as soon and as much as possible  To enable workers to rejoin in the labor force  To maximize the benefits for New Orleans residents and companies from the reconstruction efforts

4. July 21, 2007 New Orleans Urban Redevelopment K.O.R.E. Enterprises, LLC New Orleans Economic Redevelopment Long-term Objectives  To encourage retention and expansion of job opportunities both in private and public sectors  To diversify the base of core businesses  Create an education system tailored to the actual jobs available and projected through restructuring period  To enhance the city’s reputation as a good place for business investment and sustained profitability through Public-Private Partnership  To alleviate concentrated poverty and racial segregation

5. July 21, 2007 New Orleans Urban Redevelopment K.O.R.E. Enterprises, LLC Snap Shot of New Orleans Economy Before Katrina After Katrina Stagnant and Sluggish EconomyVibrant and Competitive Economy Low Inward Investment RateHigh Inward Investment Rate High Concentration in only a few Core Industries Diversification of Core Industries Lack of Job OpportunitiesIncreased Job and Employment Opportunities Brain DrainHigh Retention of Brain in the City Low Wage EconomyHigh Wage Economy Labor intensive EconomyCapital and Technology Intensive Economy