business
Allan Katz and Danae Columbus: Large segments of New Orleanians continue to be left behind
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Although Wednesday’s announcement by the New Orleans Community Data Center showed several great signs in the New Orleans economy, it also pointed several great disparities that do not bode well for New Orleans’ future. Yes, our economy is diversifying beyond tourism, we weathered the recession better than most cities, home sales have increased, our number of new entrepreneurs is high, and construction jobs are on the rise since Katrina (no kidding). All great stuff to be sure. It is also positive that the proportion of locally owned minority businesses has risen. But many of the larger problems that have faced New Orleans for decades are still dogging us – a continuing slide in the percentage of people working in Orleans Parish as contrasted to the suburbs, a widening household income gap between black and white families, and gross receipts from minority businesses remaining flat. Councilmember Cynthia Hedge-Morrell, who attended yesterday’s presentation, said what bothered her most was that almost 50 percent of African-American males are unemployed in New Orleans. Morrell says that percentage is not just poor people, but recent college graduates, men whose jobs have been downsized, and people in their 60s or 70s who can’t afford to retire.