2012 Delta Regional Authority (DRA) State Economic Development Assistance Program Investments in the New Orleans Region
The Delta Regional Authority is a federal-state partnership that is congressionally
mandated to help create jobs, build communities, and improve lives in the 252 counties and
parishes of the Delta. The investments come through the DRA's States Economic Development
Assistance Program (SEDAP). With 45 Local Development Districts as front-line project managers, these
investments by the Delta Regional Authority support job creation and community development
projects. In the past ten project cycles, the Authority created or retained nearly 17,000 jobs. They
leveraged $2.2 billion in other public and private investment with DRA projects, trained almost
4,000 for a 21st century workforce and helped more than 25,000 families gain access to clean
water and sewer service.
This year the greater New Orleans region received two investments through the State Econmomic Development Assistance Program (SEDAP). They were:
- New Orleans BioInnovation Center
DRA investment: $70,000
Total Project Cost: $88,000
NOBIC, a nonprofit wet lab incubator will expand its technical assistance for commercializing technology to biotech start-ups.
Downtown Development District
DRA investment: $40,000
Total Project Cost: $850,000
Improvements to infrastructure along Girod Street will facilitate the development of a large scale infill project – the South Market District – adjacent to the Loyola Streetcar line, creating jobs and bringing housing stock to the area.