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Michael J Olivier News

26 Feb 2007

Coast Guard to Build $17m Facility in New Orleans

The Coast Guard Sector New Orleans recently announced plans to build a $17 million facility on the Naval Support Activity next to the Federal City in New Orleans. The decision will eventually bring the total jobs to nearly 2,500 at the Naval Support Activity. "The Coast Guard's decision brings us closer to creating the critical joint military and federal installation complex we had in mind for the Federal City," said Louisiana Economic Development Secretary Michael J. Olivier. Although not technically located at the Federal City, the new facility will benefit from the quality of life, professional support and security upgrades offered by the complex.

21 Jun 2006

J. Ray McDermott Returns To New Orleans

Orleans, LA. The return to NOLA comes nearly ten months after Hurricane Katrina forced the evacuation of J. temporary offices in Amelia, Louisiana and Houston, Texas. (formerly the Amoco Building). employees. of J. Ray. "The Engineering office in New Orleans is a key part of J. "J. Development Secretary Michael J. Olivier.

17 Apr 2006

Louisiana Launches Investment Initiative

Louisiana Economic Development (LED) has launched an integrated marketing campaign designed to focus business leaders around the globe on the unprecedented opportunity for investment in Louisiana. The campaign, dubbed “clean sheet,” features the most aggressive business incentives package in U.S. history, now available to businesses expanding, rebuilding or relocating in Louisiana. “At no time in history has a state experienced such an unparalleled opportunity to remake itself,” says LED Secretary Michael J. Olivier. “We want to urge businesses that have the capacity and the mettle to invest in Louisiana to take a closer look at what we have to offer. Nearly anywhere you look in our state, multiple progressive incentives can be applied to a growing business.

17 Apr 2006

LED Provides Guide to Gulf Opportunity Zone Incentives

Released this week, through the lead sponsorship of Louisiana Economic Development (LED), is a compact and comprehensive business guide to federal and state incentives initiated in the wake of hurricanes Katrina and Rita. The Louisiana Gulf Opportunity Zone Business Guide, published in conjunction with Louisiana Business Inc. and other private-sector partners, offers large and small business owners and executives a valuable primer on navigating this set of investment programs – dubbed the most aggressive package of business incentives in U.S. history. “Louisiana has extraordinary opportunities for business development and expansion right now,” said LED Secretary Michael J. Olivier.

03 Apr 2006

$30M Bridge Loan Program Distributed to Business Community

Louisiana Governor Blanco announced that the $30 million Extended Bridge Loan program for small businesses affected by last year's hurricanes has been depleted in less than three weeks. The program has authorized 326 loans, with loan amounts averaging approximately $88,000 each. The program was designed to provide cash infusions for businesses awaiting insurance payments or other financial assistance. "Extended Bridge Loans are helping small businesses across South Louisiana rebuild, re-hire and rejuvenate their operations," said Governor Blanco. Initiated by Louisiana Economic Development (LED), the program was administered through the Louisiana Public Facilities Authority (LPFA) and private banks. "We anticipated that the urgent need for funds would quickly deplete the available pool.