Covid Economy: March 31st - April 6th

It's the second week of Out to Lunch Baton Rouge's host Stephanie
Riegel's link-up with Out to Lunch Acadiana host Christiaan Mader
and New Orleans Out to Lunch host Peter Ricchiuti for a statewide
look at our business and financial life in Louisiana in what has
become this unprecedented Covid Economy.


If you live outside of Baton Rouge, and everything you know about
the city comes from what you hear or see on the news, you’d be
forgiven for thinking that nothing goes on here but politics.


That’s far from the truth. And it’s the reason the slogan of the
Baton Rouge Area Chamber is, “There’s more to Baton Rouge than
you might think.”


For starters, there are over 1,500 businesses and organizations
that are members of the Chamber.


The function of the Chamber is to support those
member-businesses, help them grow, and to make Baton Rouge such a
great place to do business that other people will be attracted to
start or move companies here.


But, what does a Chamber of Commerce do when there is no
commerce?


Stephanie puts that question to the President and CEO of the
Baton Rouge Area Chamber, Adam Knapp.


Covid Economy Acadiana


In Acadiana, Lafayette is often referred to as “Hub City.” The
reason for that is, Lafayette is the economic hub of the region.


The population of Acadania residents who shop in Lafayette, or go
there to do business, is about 600,000. Once you figure in
the oil and gas industry that pays $800m annually in local wages
alone, plus the tech sector, the medical sector, and
manufacturing – including one of the biggest jewelry
manufacturers in the country - the economic impact of shutting
down Lafayette rivals New Orleans and Baton Rouge.


Lafayette's version of a Chamber of Commerce is the Lafayette
Economic Development Authority, more often referred to by its
acronym, LEDA.


The President and CEO of LEDA is Gregg Gothreaux.


Out to Lunch Acadiana host Christiaan Mader spends a good part of
his day reporting on the impacts of Covid 19 in his role as
publisher of the local independent news organization The Current.
As a result, this conversation between Mader and Gothreaux is
particularly insightful and illuminating.


New Orleans Unique Covid Economy


New Orleans' last total economic collapse wasn’t all that long
ago. In 2005 Hurricane Katrina brought the city to a
standstill. A large part of New Orleans’ economic recovery
from that shutdown was driven by a Louisiana State initiative,
called the Katrina Small Business Recovery Program. That
program was headed up by Michael Hecht.


Michael is now President and CEO of an organization called
Greater New Orleans Inc, a kind of super-charged Chamber of
Commerce. Hecht is typically self-deprecating about his role in
saving New Orleans after Katrina, but a lot of people credit him
personally with saving small business in the city. Once again,
we’re all looking for someone to tell us what to do to save small
business in Louisiana, and beyond. Hecht's advice may, once
again, turn out to be invaluable.


You can find further discussion about Louisiana's Covid Economy
here.


Find photos by Jill Lafleur from this show and more information
at our website itsbatonrouge.la


 


 


See omnystudio.com/listener for privacy information.