LCMC Health Invests in New Orleans BioInnovation and Health Services Sector

Investment to support further development of the Biomedical Corridor.

New Orleans, LA – LCMC Health announced yesterday an investment of $100,000 in the New Orleans Business Alliance (NOLABA) to support the further development of the New Orleans Bioinnovation and Health Services cluster. This marks the first anchor institution investment in development of the biomedical cluster.

LCMC currently manages award-winning community hospitals including Children’s Hospital, Touro, Interim LSU Hospital and the new University Medical Center.

“In 2010, we launched the New Orleans Business Alliance as a public-private partnership, charged with leading a coordinated economic development effort for our city,” said Mayor Mitch Landrieu. “With a 9.6% increase in sales tax and new businesses from all over the world locating to New Orleans, we have proof that we get more done when we work together. I applaud the private businesses and anchor institutions like LCMC Health for pledging their continued support of our economic development strategy. We look forward to continuing to work with our public and private partners to drive economic development for New Orleans.”

“The Bioinnovation and Health Services cluster offers tremendous growth opportunity for all levels of the New Orleans economy, and the prospect of employment for New Orleanians at every level of training, education and experience,” stated Melissa Ehlinger, interim president and CEO of NOLABA. “With this investment LCMC Health has demonstrated their commitment to an important economic engine for the future of New Orleans.”

The New Orleans biomedical corridor encompasses 1,500 acres spanning the Downtown and Mid-City areas of New Orleans, and will be anchored by University Medical Center and Southeast Louisiana Veterans Health Care System currently under construction. Economic development efforts in this corridor focus on the cultivation of a biosciences industry in New Orleans that will provide world-class research and development; local, regional, and global healthcare delivery; and stable, high-paying jobs for professionals, managers and workers representing a wide range of skills.

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