inner city new orleans profile (pre-katrina)€¦ · inner city new orleans profile ... nashville...

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1 Inner City New Orleans Profile (pre-Katrina) This presentation draws on proprietary data of the Initiative for a Competitive Inner City– State of the Inner City Economies Project. Additional content is drawn from the work of the Institute for Strategy and Competitiveness– Cluster Mapping Project at Harvard Business School, www.isc.hbs.edu . No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means - electronic, mechanical, photocopying, recording, or otherwise - without the permission of the Initiative for a Competitive Inner City. Additional information may be found at the website of the Initiative for a Competitive Inner City, www.icic.org . Funded By:

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Page 1: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

1Source: State of the Inner City Economies, ICIC

Inner City New Orleans Profile(pre-Katrina)

This presentation draws on proprietary data of the Initiative for a Competitive Inner City– State of the Inner City Economies Project. Additional content is drawn from the work of the Institute for Strategy and Competitiveness– Cluster Mapping Project at Harvard Business School, www.isc.hbs.edu. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means - electronic, mechanical, photocopying, recording, or otherwise - without the permission of the Initiative for a Competitive Inner City.

Additional information may be found at the website of the Initiative for a Competitive Inner City, www.icic.org.

Funded By:

Page 2: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

2Source: State of the Inner City Economies, ICIC

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Seattle

Portland

Spokane

Tacoma

Boise

Minneapolis

Milwaukee

Chicago

Madison Grand Rapids

Detroit

ToledoDes Moines

Omaha

Lincoln

San Jose

San Diego

Bakersfield

Stockton

FresnoModesto

OaklandSacramento

Los Angeles

San Francisco

St. Paul

Las Vegas

Albuquerque

El Paso

Colorado Springs

Denver

Tulsa

Oklahoma City

WichitaSt. Louis

Kansas City

New Orleans

Baton RougeShreveport

NashvilleMemphis

Birmingham

Mobile

Augusta

Atlanta

ColumbusJacksonTucson

IndianapolisFort Wayne

CincinnatiColumbus

ClevelandAkron

Philadelphia

Pittsburgh

Rochester

Buffalo Boston

Richmond NorfolkVirginia Beach

ArlingtonWashington DCBaltimore

Winston-SalemGreensboro

RaleighDurham

Charlotte

Louisville

Lexington

Orlando

St. Petersburg

Jacksonville

Miami

Tampa

Phoenix

ScottsdaleMesaLong Beach

AnaheimSanta Ana

San BernardinoRiverside

San Antonio

Austin Houston

Lubbock

Dallas

Amarillo

Irving

ArlingtonFort Worth

Corpus Christi

New York

NewarkJersey City

Anchorage

Honolulu

Inner Cities of 100 Largest Central Cities

Page 3: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

3Source: State of the Inner City Economies, ICIC

New Orleans MSA New Orleans Central City New Orleans Inner City

Defining Inner City New Orleans

Inner Cities are defined as core urban areas that are economically distressed.

1. Places of poverty - census tracts with 20% or greater poverty rates (or, compared to the surrounding metro area, 50% greater unemployment or poverty, or half the median income.)

2. Adjacent neighborhoods –contiguous census tracts that contain significant population.

Page 4: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

4Source: State of the Inner City Economies, ICIC

New Orleans Demographics Snapshot (vs City)

% Metropolitan Area Population

Income Density($M per square mile)

Median Household Income

*Source: 2000 U.S. Census. Note: ICIC ranks 100 large inner cities by the highest percentage or value in each category. Inner City and Metropolitan Area are exclusive categories. Household is as defined by the U.S. Census.**Metropolitan Area including inner city

Inner City (Rank*)Inner City (Rank*) Entire CityEntire City

283,000 (17th largest)27%

66% (#43)17% (#23)85% (#23)41% (#63)36% (#63)

38% (2nd highest)

$54M (#53)13% (#41)

$19,900 (#95)

283,000 (17th largest)27%

66% (#43)17% (#23)85% (#23)41% (#63)36% (#63)

38% (2nd highest)

$54M (#53)13% (#41)

$19,900 (#95)

484,67441%

75%26%72%38%41%28%

$46M9.5%

$27,100**

484,67441%

75%26%72%38%41%28%

$46M9.5%

$27,100**

Total Population

High School AttainmentCollege Attainment

Population 25 and under

Unemployment Rate

Minority Population

Homeownership Rate

Poverty Rate

Page 5: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

5Source: State of the Inner City Economies, ICIC

New Orleans Demographics Snapshot (vs MSA)

% Metropolitan Area Population

Income Density($M per square mile)

Median Household Income

*Source: 2000 U.S. Census. Note: ICIC ranks 100 large inner cities by the highest percentage or value in each category. Inner City and Metropolitan Area are exclusive categories. Household is as defined by the U.S. Census.**Metropolitan Area including inner city

Inner City (Rank*)Inner City (Rank*) Metropolitan AreaMetropolitan Area

283,000 (17th largest)27%

66% (#43)17% (#23)85% (#23)41% (#63)36% (#63)

38% (2nd highest)

$54M (#53)13% (#41)

$19,900 (#95)

283,000 (17th largest)27%

66% (#43)17% (#23)85% (#23)41% (#63)36% (#63)

38% (2nd highest)

$54M (#53)13% (#41)

$19,900 (#95)

1,170,00073%

81%24%34%35%69%13%

$7M5%

$27,300**

1,170,00073%

81%24%34%35%69%13%

$7M5%

$27,300**

Total Population

High School AttainmentCollege Attainment

Population 25 and under

Unemployment Rate

Minority Population

Homeownership Rate

Poverty Rate

Page 6: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

6Source: State of the Inner City Economies, ICIC

New Orleans Business Base

Inner City (Rank)*Inner City (Rank)* Metropolitan AreaMetropolitan Area

121,000 (#24)-0.9% (#61)

6,000 (#20)-1.4% (#67)

1.1% (#55)

13.6 (#77)

1.1 (#88)

121,000 (#24)-0.9% (#61)

6,000 (#20)-1.4% (#67)

1.1% (#55)

13.6 (#77)

1.1 (#88)

404,0001.3%

26,0001.0%

0.9%

14.1

1.6

404,0001.3%

26,0001.0%

0.9%

14.1

1.6

Total Jobs (Private only)Job Growth,

1995 to 2002 CAGR

Total EstablishmentsEstablishment Growth,

1995 to 2002 CAGR

Wage Growth,1995 to 2002 CAGR

2005 Business Startups(per 1000 establishments)

2004 Bankruptcies (per 1000 establishments)

Note: 2002 data, except business bankruptcies are 2004 data and business startups are 2005 data. Inner City and Metropolitan Area are exclusive categories. *82 inner cities (those with IC population >50,000) are ranked by highest percentage or value in each category.

Page 7: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

7Source: State of the Inner City Economies, ICIC

Largest Employers Inner City New Orleans, 2002

17,90015,900

13,800

10,500

5,000 4,700 4,700 4,500 4,300 4,100

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Page 8: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

8Source: State of the Inner City Economies, ICIC

Largest Job Gainers and LosersInner City New Orleans, 1998-2002

1,100 900 900 800400

-1,000 -1,100 -1,300

-2,000 -2,200

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Page 9: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

9Source: State of the Inner City Economies, ICIC

LegendFrench Quarter

Central Business District

Convention Center

New Orleans Inner City

New Orleans Central City

New Orleans MSA

New Orleans Inner CityRoughly one third of jobs in inner city New Orleans are held by inner city residents, more than most inner cities.

Page 10: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

10Source: State of the Inner City Economies, ICIC

New Orleans Inner City - ZOOM

1 0 10.5 Miles

5,400

22,000

1,400

Almost 30,000 inner city residents work in the French Quarter,

Central Business District, and around

the Convention Center.

Page 11: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

11Source: State of the Inner City Economies, ICIC

-8,700

-1,400-3,000

20,500

9,20011,200

< 20 employees

< 500 employees

> 500 employees

Micro Small* Large

New Orleans-Metairie-Kenner, LA MSA(1995-2002)

< 20 employees

< 500 employees

> 500 employees

Micro Small* Large

Inner City New Orleans(1995-2002)

1.2% 0.8% 2.9%

27% 86%* 14%

85% 99.8%* 0.2%

*Includes Micro

-1.5% -1.2% -0.7%

21% 79%* 21%

83% 99.6%* 0.4%

’02 Share of Employment

’02 Share of Estab.

Job CAGR1995-2002

Small Business

Page 12: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

12Source: State of the Inner City Economies, ICIC

RetailSpending

Inner city New Orleans’ 283,000 residents spend roughly $1.8 billion each year on retail goods, with food and clothing comprising half of the total retail expenditure.

54% 51%

25%

13%

11%

0%

20%

40%

60%

80%

100%

Food at home

Food away from home

Other retail

Clothing

Total Income$3.4B

Retail Spending

$1.8B

$926M

$450M

$245M

$204M

Retail Spending

This inner city retail spending

compares favorably with New Orleans’

largest industry, tourism ($5

billion annually).

Page 13: Inner City New Orleans Profile (pre-Katrina)€¦ · Inner City New Orleans Profile ... Nashville Memphis Birmingham ... Services Transportation and Logistics Local Food and Beverage

13Source: State of the Inner City Economies, ICIC

Retail penetration in inner city New Orleans is higher than the 100 inner city average

139

Retail Clothing Jobs per 1,000 Residents (2002)

IC New Orleans 100 inner cities

Retail Food Stores Jobs per 1,000 Residents (2002)

IC New Orleans 100 inner cities

10 8

60

27

Hospitality Establishments per 1,000 Residents (2002)

IC New Orleans 100 inner cities