A map of the BioDistrict (photo courtesy of biodistrictneworleans.org)
Commissioners with BioDistrict New Orleans, an economic engine focused on the development of a local biosciences industry, are hoping that the New Orleans Business Alliance will help give the push needed to find future funding and leadership.
The BioDistrict has touted potential for 34,000 new jobs and $24.5 billion in economic impact, but as of March, had only $360 available in the bank and an interim leader, according to a report given during a meeting at Xavier University Wednesday.
Now, district officials hope that a cooperative endeavor agreement between the board of commissioners and the business alliance board of directors will pave a pathway moving forward, out of economic flounder and into a prosperity marked by coordination, collaboration and small business development. Continue reading »