New Orleans Comeback
It was great news to hear International Shipholding, a publicly traded company, is returning to New Orleans. After Katrina CEO Eric Johnsen moved his company, founded in New Orleans in 1947, to Mobile, Alabama. Now it’s coming back home. With 100 employees and a brand new headquarters. Michael Hecht of Greater New Orleans inc says “beyond the importance of the return of a publicly-traded headquarters, ISH’s move to New Orleans marks a broader trend of the best people and companies coming back to Greater New Orleans, which currently has one of the highest rates of in-migration in the nation“.
He’s right. According to Forbes magazine, New Orleans has a significant number of young people moving here. We actually the number one city in America where young people are moving in the prime of their lives. Number one. Ahead of even red hot Austin and booming Seattle. For decades we were a city where young people loved to visit but would never live. Now that trend has changed, dramatically.