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Delgado Community College Foundation Board Delgado, the New Orleans Region, and the State of Louisiana in 2009


Supporting the New Economy of Southeast Louisiana

DELGADO’S ROLE


An Engine of Growth Delgado Community College plays an essential role in both present and future economic activity in the New Orleans region and throughout the State of Louisiana. • $12.48 Return for Every $1 the State of Louisiana invests in Delgado. • $451.1 million in total economic impact in 2009. • $167.3 million in labor income generated. • 6,996 employment positions supported metro wide.


Impact is Significant The impact of all Delgado graduates contributes substantially to the economy— and that impact grows more significant with each successive year. Delgado students earned 1,063 training certificates and associate degrees in the 2007 – 2008 academic year, according to Institutional Research. 895 students earned awards in Technical Competency Areas in 2008, preparing them for work in a skilled trade.


Value of a Delgado Education The impact of a Delgado education for our graduates and the regional economy is significant. •

5 years of Delgado graduates fill an estimated 6,796 job openings in the New Orleans Metropolitan Area in 2009.

•

Delgado graduates earned an additional $86.2 million in wages in 2009.

•

Delgado graduates had an economic impact that generated an additional $81.1 million in wages in the broader metropolitan


Delgado Today • Delgado had an enrollment of 14,678 in Spring 2009. • Enrollment saw a year-over-year increase of 11.4% from Spring 2008. • Enrollments at satellite locations are growing fastest— a 15.4% jump at the West Bank Campus and 24.7% increase at the Northshore location, compared to the previous academic


Responding to the Needs of Business Community


Delgado Today & Tomorrow •

Almost four years after Hurricane Katrina, Delgado continues to be an economic engine in the region’s recovery, as well as an institution responsive to the needs of area residents and industry.

5 years of Delgado graduates fill an estimated 6,796 job openings in the New Orleans Metropolitan Area in 2009.

While Delgado is dedicated to the continuing education and training programs that drive the economy, the institution is already adapting to the workforce demands of the years ahead.


Delgado Today & Tomorrow • Indeed, a new economy is envisioned for New Orleans, an economy that further promotes the traditions of industry, trade, and the creative ethos of our diverse region. • Delgado has the capacity and the programs in place to train the skilled trades people necessary to attract contemporary manufacturing and logistics organizations. • Delgado offers programs that will develop the workforce to attract film, media, and other creative arts to the Greater New Orleans area. • Delgado graduates will provide the essential workforce that will help the region to realize greater economic growth and community prosperity in the coming years.


The New Orleans Region

A FOCUS ON RECOVERY


While the recovery of the region and particularly the City of New Orleans is progressing better than many national experts originally predicted, there are significant challenges that must be addressed as we move forward.

Demonstrative Progress • 77% of pre-storm population • 71% of pre-storm job figures • 77% of pre-storm commercial activity • $5 Billion invested in 68,000 housing units • $15 Billion in improved hurricane protection

Major Challenges • 80,000 jobs lost in the metro area • 50% increase in rents • More than 60,000 vacant homes • Damaged infrastructure • Diminished services • Minimal private investment


Population The Metropolitan Area has 88% of its pre storm population.

– Jefferson Parish is back to pre-storm levels. – St. Tammany, St. Charles and St. John the Baptist Parishes have grown. – Orleans, Plaquemines and St. Bernard Parishes have substantially fewer residents.

Source: U.S. Census and GCR & Associates, Inc. using data provided by Entergy Louisiana and ESRI, Inc.


Key Stats for New Orleans The City of New Orleans continues to recover. – – – – –

Approximately 77% of its pre-storm population has returned. While prolific, vacant residential properties continue to be absorbed. Over 70% of the jobs based in Orleans Parish have returned. Commercial activity is currently at 76% of pre-storm levels. While increasing, school enrollment continues to lag other indicators.


Progress Throughout the City January 2006

August 2009

Many neighborhoods were nearly empty in the early months of 2006.

Most neighborhoods now have over 60% of their pre-storm population.


Blight is a Problem *Red parcels indicate a vacant home or empty lot

Estimated Single Family Home Value = $395,442 3,875 units occupied pre-Katrina but now vacant.

Lakevie w

Estimated Single Family Home Value = $177,960 6,502 units occupied pre-Katrina but now vacant.

Gentilly


Rents have Increased Fair Market Rent for a 2-Bedroom Unit


Affordability Issues Housing Affordability Gap for Top Ten In-Demand Occupations

Source: Louisiana Workforce Commission, Spring 2009, HUD-published Fair Market Rents for 2009, and Low Income Housing Tax Credit rent limits for New Orleans MSA provided by Novogradac and Company, LLP


Job Loss is an Impediment Employment by Industry for New Orleans MSA

Source: Louisiana Workforce Commission


Emerging Trends • Growing civic interest and participation • Emerging community of young, civic-minded professionals • Burgeoning health care and film industries • “Green” Movement • Improving public education • Many centrally located mixed income housing developments


Growing Concerns Blighted and abandoned homes Post recovery economic drivers Stagnant job growth Many residents do not have the financial means to rebuild • Limited access to affordable healthcare, childcare and transportation • A high and unabating crime rate • Confidence in our hurricane protection and loss of coastal • • • •


What the Future Holds •

• •

While the population of the City will continue to grow, it will likely not reach pre-Katrina levels in the near future. Our capacity to absorb or redevelop blighted and abandoned homes will pace the recovery in many neighborhoods. As our population continues to grow, we move closer to our pre-storm demographic profile. With more than $20 billion in new investments, the city has the potential to emerge as a stronger, more resilient and economically diverse community.


The State of Louisiana

DEMOGRAPHICS & TRENDS


Profile of Our State Population A profile of our population indicates that: – The African American population is growing. – While median HH income is up, it is only about 70% of the national figure. – Nearly half (47.1%) of our HH earn less than $35,000 per year. – Our population is somewhat older than it was in 2000.

Race White African American Other Races Households by Income < - $35,0000 $35,000 - $49,999 $50,000 - $74,999 $75,000 - $99,999 $100,000 - $149,999 $150,000 - $199,999 $200,000+ Median Household Income Average Household Income Per Capita Income Median Age

2000 Percent 63.9% 32.5% 3.6%

2009 Percent 61.9% 33.7% 4.4%

2000 52.6% 15.7% 16.6% 7.6% 4.8% 1.2% 1.4%

2009 47.1% 15.2% 19.1% 9.1% 6.6% 1.4% 1.6%

$32,809

$37,868

$44,833

$50,302

$16,912

$19,176

34.0

35.6


The Income Gap in Louisiana


Businesses & Employment in Louisiana • Businesses 175,366 in 2009 • Employment - 1,980,458 Employees in 2009 – 55.9 % in white collar jobs compared to 61.5 % in U.S. – 18.8 % in service jobs compared to 17.1 % in U.S. – 25.4 % in blue collar jobs compared to 21.4 % in U.S.


The Education Gap in Louisiana


Population Change by Region


Population Change by State


Regional Growth â&#x20AC;&#x201C; 2000 to 2008


Parish Growth â&#x20AC;&#x201C; 2000 to 2008


www.gcrConsulting.com TEL 504 304 2500 FAX 504 304 2525 2021 Lakeshore Drive, Suite 500 New Orleans, LA 70122 UNO Research & Technology Park Advanced Technology Center


Delgado Foundation Board  

Delgado analysis by campus, City Park

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