Mixed Results Reported 9 Years Post-Katrina

The Data Center (formerly known as The Greater New Orleans Community Data Center) has reported the following:
As of June 2014, data on households receiving mail indicates that more than half (38) of New Orleans’ 72 neighborhoods have recovered 90 percent of their June 2005 population, and 17 neighborhoods have more population than they did in June 2005.
The New Orleans metro is taking the first steps toward a new path, with signs of a more competitive economy and expanded amenities. (Valassis, Inc.)
New Orleans' sales tax revenue for Jan-May 2014 was 22 percent higher than for the same months in 2005 pre-Katrina (despite the city’s smaller population today), and 41 percent higher than in 2009 at the depth of the Great Recession.
Adult educational attainment, a key factor influencing success in today’s economy, is not being advanced in the New Orleans metro at the same rate as in the nation. The share of the population 25 years and older with a bachelor’s degree increased from 23 to 27 percent in the New Orleans metro from 2000 to 2012, while across the U.S. it increased from 24 to 29 percent.
While black men have experienced an increase since 2000 in the percent obtaining bachelor’s degrees, they still lag far behind white men. Only 13 percent of black men compared to 33 percent for white men and 18 percent for black women have a bachelor’s degree.
See more at:
Categories: Top Business News