Office of Economic Development 2027 Budget
At a glance
Based on auto-generated captions; names and details may be misheard.
- What: the proposed 2027 budget for the Office of Economic Development, a seven-person team within the mayor's office led by Deputy Mayor Jeff Schwarz.
- Where it stands: staffing is nearly flat; operating carries an 8.5 percent cut and covers existing economic development agreements. Non-general fund money falls from over $5 million (expiring ARPA) to almost $1 million, plus a $995,000 federal grant to study multimodal activity around Union Passenger Terminal.
- Highlights: New Orleans East jobs and innovation corridors, a $15 million headquarters with 30 jobs, a $78 million veterans health facility, and a pending $7.2 million federal application for road access.
- Open question: Councilmember Willard asked whether road funding for the East corridor is secured; it is still a work in progress.
- Related: Satie Finkele and the Canal Street Renaissance.
Sources
Discussion time
About 29 minutes across 1 meeting (from transcript timestamps; approximate).
| Meeting | Minutes |
|---|---|
| 2026-10-08 - City Council Budget Hearings | 29 |
Log
- 2026-10-08 - City Council Budget Hearings - Budget presentation and questions: seven staff, 8.5 percent operating cut, ARPA winding down, federal grants, New Orleans East projects, road funding for the East corridor, and one public comment on business-building workshops.