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Economic Development

Tax Tips January 2020

Did you know? 

By Jeiver Gonzalez of GNO Tax & Bookkeeping

Click aqui para español- >Consejos sobre los Taxes

  • If you own an LLC and convert your company to an S corporation*, you could save thousands of dollars in paying taxes. *Must have legal status
  • If your cash flow allows it, collecting and depositing end-of-the-year checks at the beginning of 2020 could reduce your reportable 2019 income considerably.
  • If you changed any equipment and/or vehicle before December 31st, you can use the bonus depreciation and Section 179, which would allow you to deduct 100% of the cost as a 2019 expense. • If you used your credit card for business-related purchases before the end of the year, you can charge 100% of purchases in 2019 and pay for it in 2020.

Economic Development

Economic Development

By Alejandra Guzmán

Click aqui para español- >El Desarrollo Económico

As we enter the new year, many of us will reflect on what personal goals we want to accomplish in the coming months. As we go through this process, thinking about what we could accomplish as a community will be extremely valuable because our individual success is tied to the overall success of our community. Economic development is a fundamental component of every community, and it matters because people matter. It promotes well-being, quality of life and opportunities to develop human potential.

Creating the right conditions for economic development is a complex task that requires the participation of various sectors within our community. It requires a deliberate, holistic approach that should be centered on people. This approach to economic development recognizes that participants work together within a system and interact with each other. Participants include businesses and other sources of employment, workforce, and infrastructure. Each works independently from the rest, though they are all a requirement for development. A holistic economic development will matter only to the extent that it touches and changes the lives of all citizens. Cities that lead in attracting financial and human capital are able to expand access to economic opportunity. However, it is also important to consider that development requires intentional action across multiple generations to allow change to happen in all neighborhoods.

Everyone should have an opportunity to thrive and to be successful. In order to create opportunity for all, leadership in all sectors must ask essential questions: How can cities yield more positive outcomes for all urban residents, small business owners, and long-term stakeholders? What can we do to catalyze and accelerate more growth in the lower income and/or higher crime neighborhoods? How do we ensure that all members of our communities are involved in these discussions, so we can create more inclusive economic opportunities?

Although New Orleans is no stranger to the spirit of continual re-invention that animates American cities, the city’s leaders must continue to seek answers to the hard questions and take action to remain on a trajectory of equity and growth.

A great way to get involved in economic development is through the New Orleans Business Alliance Ambassadors Program. This program provides an in-depth insight into the work of growing and diversifying the city’s economy. For seven weeks, participants connect with industry experts and business leaders across all facets of economic landscape in New Orleans. This program can serve as inspiration on what can be done at the individual and community levels to support the economic development of our city.

Check out nolaba.org for additional details on this program and the application process.

Consider economic development as one of your 2020 goals!

Hispanic Chamber

Hispanic Chamber

PSA

--NEW ORLEANS - November 2019. Verizon and UnidosUS presented grant funding to the Hispanic Chamber of Commerce of Louisiana (HCCL) and provided a behind-the-scenes look at their new Latinos @ Work program. The event, which took place at the HCCL Foundation in Kenner, included a special curriculum demonstration from current program participants.

The grant will allow HCCL to develop a state-of-the-art digital learning center equipped with mobile technologies, specialized curriculum, and professional services to help program participants become more digitally competent in the workforce.

In partnership with Verizon, UnidosUS and its affiliates have developed digital learning centers in New Orleans and three additional cities through the Latinos @ Work program. This partnership represents Verizon‘s broader efforts to increase community engagement in New Orleans and surrounding areas. The HCCL has been selected to carry out and oversee the Latinos @ Work programming in the New Orleans market.

“Verizon is proud to partner with the Hispanic Chamber of Commerce of Louisiana Foundation to provide programming that will increase access to 21st-century skills in the Latino community,“ said April W. Brumfield, Director of Government Affairs at Verizon. “In today‘s digital world, nearly every career requires some level of digital literacy. We are excited to support programs that aim to bridge the digital divide.“

The program‘s digital literacy and job readiness contextualized toolkit will help community-based organizations, like the HCCL, provide soft and hard skills to participants through eight-week-long sessions.

Enrolled participants will also be provided with meals, childcare, laptops, and transportation during the duration of their course. The digital learning centers will be equipped with mobile technologies, curriculum, and professional services to help program participants become digitally competent.

The curricula will help individuals prepare for jobs that require digital skills and to be employed in those jobs. It will consist of modules that aim to elevate the skill sets of participants, including financial capability, digital literacy, job readiness, communication, and job search.

“The Hispanic Chamber of Commerce of Louisiana is thrilled about this partnership with Verizon and UnidosUS because it will allow us to bridge the gap between the Hispanic community and digital literacy,“ said Mayra Pineda, President & CEO of the HCCL. “This will convert to better job opportunities and economic development for program participants and the community-at-large.“

According to a 2018 study by Pew Research Center, Hispanics account for 16 percent of the U.S. workforce, but they only represent 7 percent of all STEM workers. Latinos @ Work seeks to address this gap as graduates of the program will be connected to further education, training, and employment opportunities in the financial service sector, information technology, retail and customer service, and hospitality fields.

Diversity, A Competitive Advantage

Diversity, A Competitive Advantage

By Alejandra Guzman

Click aqui para español- >La Diversidad: Una Ventaja Competitiva

I was recently invited to be a speaker representing the Hispanic Chamber of Commerce of Louisiana at the Women Can Drive Business symposium presented by the American Business Women’s Association (ABWA). The group wanted to hear about why diversity matters and I immediately jumped at the opportunity. It is a subject I have been passionate about since I started my professional career.

Before discussing diversity, we first have to discuss identity. We must recognize that there are many facets to identity and that having a sense of identity is important because it allows us to stand out as individuals and have a sense of belonging. In a corporate setting, there is no one-size-fits-all strategy, and it is important to understand the composition of the community your organization serves, as well as to recognize the potential barriers your population might have before entering the market.

My first encounter with diversity was through an initiative focused on the integration of people with disabilities into society and the workforce. Mexico-based Movimiento Congruencia(MC) is an alliance between companies, hiring agencies, and other institutions. MC began in 2000 with 11 participating companies, and eight years later, 51 organizations were taking part, and over 500 individuals with disabilities had participated. Since then, the MC program has been extended to Panama and Colombia.

Initiatives supporting gender diversity also seemed to require a lot of effort to push through. Many times management required for anyone like me interested in the topic to build the business case for diversity, and at that time there was very little information available.

Reputable organizations, such as the consulting firm McKinsey & Company, have published studies that support the business case for diversity. Their Diversity Matters tudy, published in 2015, looked at the relationship between the level of diversity (defined as a greater number of women and more mixed ethnic/racial composition in the leadership of large companies) and company financial performance (measured as average revenue from 2010-2013). They collected data from hundreds of companies across four different countries.

The study found that there is a significant correlation relationship between a more diverse leadership team and better financial performance. The companies at the top quartile for both gender and ethnic diversity were more likely to have financial returns that were above their national industry median. This is a powerful finding that suggests that diversity is a competitive advantage that moves market share towards more diverse companies.Diverse companies have a competitive advantage when recruiting top talent, have a better understanding of their customers, employee satisfaction, and better decision making. This all leads to a cycle of performance that ultimately leads to financial success.

If you are interested in building the business case for diversity, I would encourage you to take a closer look at the Mckinsey & Company study.

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McKinsey & Company’s Diversity Matters Research found a direct relation to a more diverse leadership to better financial performance 

Day of the Dead

Day of the Dead An important contributor to social cohesion and cultural diversity

By Alejandra Guzmán

Click aqui para español- > Celebración del Día de los Muertos

There is growing interest and recognition for the importance of cultural and creative industries that drive sustainable development and inclusive job opportunities.

At an international level, the United Nations Educational, Scientific and Cultural Organization (UNESCO) published guidelines and research to support the economic contribution of cultural industries.

The UNESCO reports demonstrate that knowledge-based economies are supported in creativity and talent and emphasize cultural industries as a conceptual framework for growth generators. A clear example of this is how software design and technology blend creativity to thrive.

Authors like Richard Florida, through his book The Rise of The Creative Class, make the connection between thriving economies (some based on tech) and distinctive creative elements present in a given city, such as a booming music scene.

In addition, the industries bolstered by cultural and creative economies are potentially an important contributor to social cohesion and nation-building through the promotion of intercultural dialogue, education, and collaboration.

My favorite example of this is the Mexican holiday known as the Day of the Dead (Día de los Muertos). During this holiday, families pay homage to their deceased friends and relatives. They welcome their souls with a reunion through a celebration including the favorite food, drinks and memories of the deceased. This holiday is celebrated on November 1st and 2nd, and the belief is that a portal between the spiritual world and the physical world opens at this time. The souls of the dead return to the living world to feast, drink, dance and play music with their loved ones.

To honor this tradition, different communities in the United States organize festivities and invite the community at large to celebrate. In New Orleans, there are various organizations that are honoring the tradition. The Hispanic Chamber of Commerce of Louisiana has organized the Día de Los Muertos Festival on November 3rd, a day where New Orleans families will be able to enjoy local music, food, crafts, a costume competition, and the opportunity to bring offerings to an altar.

This celebration brings me back to my upbringing in Mexico. Every November, I contributed to my school’s altar and honored my ancestors by bringing pictures of my deceased family members and decorating with papel picado (pinched paper). The papel picado refers to decorative cut paper used throughout Mexico for all holidays and fiestas. During Día de los Muertos celebrations, this decorative paper is placed around the altar’s edges to add color.

We also enjoy the traditional pan de muertos (bread of the dead), which is one of the holiday’s most popular foods. The bread is often placed on the altar, but it can be enjoyed at any time with coffee or hot chocolate!

There are many other holiday symbols such as sugar skulls, the cempasúchil flower, and the literary version of calaveritas (little skulls). The calaveritas are traditional verse compositions written for the holiday in Mexico, and it is one of my favorite rituals. They are a compilation of satirical stories that poke fun at people in a way that suggests they are dead even though they are still alive. It is common to find calaveritas in the Mexican newspapers and magazines making fun of celebrities and political figures.

It is great to be able to enjoy the tradition of other cultures in the United States and to have these types of festivals that promote cultural diversity, inspiration for creativity, an educational opportunity for all, and social cohesion through healthy dialogue and family fun. I believe these elements are necessary for communities to thrive.

I am so proud of the Hispanic Chamber of Commerce of Louisiana for organizing the Day of the Death Festival! 

Find more about this and other events via www.hccl.biz.

Until next time!

“During Day of the Dead, or Día de los Muertos, families pay homage to their deceased friends and relatives”

Photo Casa Borrega

Dia De los Muertos Painting by Marcella Escarfuller

Are you Opportunity Zone Ready?

Are you Opportunity Zone Ready?

By Alejandra Guzmán

Click aqui para español- > ¿Estás listo para las zonas de oportunidad?

There has been a lot of discussion lately about the recently released Opportunity Zone Federal Program, which was established by Congress in the Tax Cuts and Jobs Act of 2017. The program defines an opportunity zone as an economically distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. Localities qualify as opportunity zones if they have been nominated for that designation by the state and that nomination has been certified by the Secretary of the U.S. Treasury via his delegation of authority to the Internal Revenue Service.

The idea behind this is that opportunity zones will open up a pathway for private investors to put money into economically challenged communities, through a variety of tax benefits for the capital invested and gained, conditional on meeting certain requirements. The hope is that neighborhoods with a lack of investment will enjoy an influx of private capital, and investors will earn a nice return. This will be great for spurring investments and entrepreneurial activity.

Real estate development in particular is expected to benefit from this. Also, it can play an important role in creating resilient communities. When developing the right products through the right processes, communities can vastly improve. Opportunities such as job creation during construction and during the long-term operations of the development bring with them other neighborhood resources that didn’t exist before. In addition to that, development projects can positively affect the public realm by bringing vitality and safety to a neighborhood. When done right, real estate investment can reduce racial disparities, build a culture of health, and bring vibrancy to communities. Overall, this is a great opportunity to funnel investment to New Orleans by bringing additional capital for real estate development projects but also to support our local business owners and professional service providers to find opportunities.

To support the local community of investors, projects, and professional service providers, the New Orleans Business Alliance has created a series of comprehensive workshops focused on the Federal Opportunity Zone program.  Attendees can expect to learn about fund creation, operation, and equitable development outcomes throughout Orleans Parishes’ designated opportunity zones, as well as receive the tools necessary to attract investment.  Participants can benefit from networking with developers, entrepreneurs, banks and other institutions to find the best investment opportunities across New Orleans.  They will also be able to meet industry experts and connect with tax and real estate professionals who specialize in preparing businesses for Opportunity Zone investment and fund formation.

The first workshop takes place on November 19, 2019, 8:00 a.m.–4:30 p.m. at the Jung Hotel.

Visit www.nolaba.org for more information.

Until next time!

Kobra´s Mural Brings Louis Armstrong Back to Life in New Orleans

Kobra´s Mural Brings Louis Armstrong Back to Life in New Orleans

By Alejandra Guzman

Click aqui para español- > El mural de Eduardo Kobra que ha revivido a Louis Armstrong en Nueva Orleans

Culture builds strong communities and plays an important part in the rejuvenation of cities and the transformation of the ordinary into extraordinary. It also creates a sense of belonging and pride within a community.

New Orleans is the example of a unique American City that emerged from a cross-pollination of multiple cultures to create its own. The manifestations of the city’s culture can be appreciated in buildings and spaces, music and dance, social traditions, and cuisine. For centuries, New Orleans artists have captivated the nation and the world with their different forms of art. Residents feel proud to be part of such a unique city, and why wouldn’t we? There is a lot to be proud of! No other city can call itself the birthplace of jazz and be recognized as the bounce capital of the world.

Louis Armstrong is a prime example of this. Nicknamed “Satchmo” and later “Ambassador Satch,” Armstrong became internationally known for his charismatic stage presence, trumpet-playing style and unique voice. He was born August 4, 1901, in New Orleans, and every year the city commemorates his birthday with the Satchmo SummerFest, organized by French Quarter Festivals Inc. The first annual Satchmo SummerFest took place on what would have been his 100th birthday; that same year, the New Orleans airport was renamed the Louis Armstrong International Airport.

This year´s celebration was extra special, as globally known muralist Eduardo Kobra payed homage to our city´s cultural icon. On the week of Armstrong´s birthday, Kobra finished a fascinating mural on the corner of Gravier and O´Keefe, commissioned by developers ERG Enterprises and Kupperman Companies. His signature style brings Armstrong to life, using a collage of bright colors and geometric shapes in lieu of natural skin tones while depicting naturalistic shadow and light to create a photorealistic masterwork. Kobra’s mural has made this corner the epicenter of color for the neighborhood and brought a beloved historical figure back to life.

Kobra is known for depicting notable people around the world, including Russia, Great Britain, Brazil, Japan, Switzerland, France, Greece, Italy, and Mexico, to name a few. Kobra was born in the Campo Limpio region, near Sao Paulo, Brazil. Influenced by street culture, hip hop, and graffiti, he has now taken the world as his stage to prove that there is equal value between street art and fine art. Many believe there is greater value in street art, as it contributes to positive urban transformation, democratizes art, and has the possibility to raise awareness on the most critical social and economic issues of our time.

¡Until next time!

Last August, on the week of Louis Armstrong´s birthday, Brazilian muralist Kobra finished this fascinating mural in New Orleans on the corner of Gravier and O´Keefe streets. The mural was commissioned by developers ERG Enterprises and Kupperman Companies.

Photography: Matthew Seymour

Achieving Urban Opportunity, Access, and Economic Inclusion

Achieving Urban Opportunity, Access,  and Economic Inclusion

By Alejandra Guzman

Click aqui para español- >Logrando oportunidad urbana, accesibilidad e inclusión económica

Cities and regions are the key social and economic organizing units of our time. They bring together people, jobs, and all that is required for economic growth. Also, urban density tied up with diversity, sparks creativity and innovation in business, arts, culture and society. According to CityLab, almost more than half of the world’s population live in cities and by 2030 it is projected that more than 9 billion people will live in cities and urban centers. Great minds such as Jane Jacobs have noted that cities are engines of innovation and the concentration of talented and creative people promote and accelerate economic growth.

In the United States the revitalization of our major cities has brought great benefits to some but displacement and lack of opportunity to others. Gentrification and income gaps are an unfortunate reality to many.

Everyone should have an opportunity to thrive and to be successful in creating opportunity for all. Leaders in all sectors of society must ask themselves important questions: How can cities yield more positive outcomes for all urban residents, small business owners, and long-term stakeholders?  What can we do to catalyze and accelerate more growth in the lower income and/or higher crime neighborhoods?  How do we ensure that all members of our communities are involved in these discussions, so we can create more inclusive economic opportunities?

Although New Orleans is no stranger to the spirit of continual re-invention that animates American cities, we must keep asking ourselves the hard questions to remain on a trajectory of equity and growth.

To facilitate this discussion, the New Orleans Business Alliance and the Aspen Institute have partnered to bring the Socrates Program to our city. This partnership provides a forum for emerging leaders from various professions to convene and explore contemporary issues through expert-moderated dialogue.

Socrates also provides the opportunity for participants to enter a diverse professional network and the broader range of the Aspen Institute’s programs. The seminars are designed as values-based Socratic explorations to facilitate the exchange of ideas. The Socratic method is one of the most powerful tactics for fostering critical thinking because it provides participants with questions, not answers.

This year the Socrates New Orleans Salon will include a public panel and reception on August 27 (6:00 pm to 8:00 pm) and a day-long seminar on August 28 (8:30 am – 4:00 pm) and the theme will focus on Urban Opportunity, Access, and Economic Inclusion.

If you are interested in participating in this discussion, get the details via nolaba.org or AspenInstitue.org.

 

The Community is Our Priority

The Community is Our Priority

By Metairie Bank

Click aqui para español- >La prioridad es la comunidad

At Metairie Bank, “Enriching the Communities We Serve” is more than just part of our mission statement, it’s our pledge to continue making a difference in our community.

Giving back is an essential component of what makes Metairie Bank a community bank. We’re dedicated to providing support to the communities where we live and work. We invest in the future of our communities by promoting financial literacy, health, and the arts.

 

We offer assistance to non-profit organizations and support programs that strive to better our communities and the lives of our neighbors who live in them. 

Helping to Make Home Buying Easier

We are dedicated to supporting the promotion of financial literacy. We know buying a home can feel daunting. We’re here to relieve stress by providing educational information into the home buying process. Community Development Officer Marina Manzanares lead an informational home buying workshop to help people in our community feel confident turning their dreams of buying a home into a reality.

Giving Educational Opportunities to Local Students

Our own Scott Schellhaas, VP of Mortgage and Commercial Loans is also a Board Member of Jefferson’s Dollars for Scholars. Scott and Community Development Officer Marina Manzanares presented a scholarship to Haynes Academy graduate Taylor Tarleton, who will be going to LSU.

As a community bank, we invest in the future of the communities we serve. We are proud to help provide educational opportunities for the youth of Jefferson Parish.

Metairie Bank is Happy to Support the Murphy Education & Sports Foundation 

They will host their 10th Annual Back-to-School Giveaway in July. It’s an incredible cause that provides students with the tools they need to succeed, including backpacks and school supplies. 

 

Finances July 2019

Finances

By Jason Reeves

Click aqui para español- >Finanzas Julio 2019

Hi everyone! It’s officially summer time here in New Orleans! This month I want to touch on the topic of debt and offer a few summer reading options to help you along the way in your journey to financial freedom:

 

  1. What is debt?  Debt is the state of owing something, usually money, to someone else. It’s most often paid back to that person or entity with interest. What this means is whatever amount you borrow and the longer you take to pay it back, the more interest you will pay in addition to the original borrowed amount. 

 

  1. How is debt used? Our financial system is based on the concept of borrowing and lending. Another word for debt that you may recognize is “financing” and what that allows both businesses and individuals to do is borrow money on good faith, with the promise of repayment plus interest. Typically, the amount and the interest rate you’re approved for is based on your credit score. The higher your score, the lower your interest rate and vice versa. 

 

  1. What are the most common types of debt? The most common types of debt are home mortgages, car loans, credit cards, student loans, personal loans, and medical bills. Although some may argue that there’s a distinction in “good debt vs. bad debt” ultimately, they’re still liabilities that hinder you from building wealth. 

 

  1. How do I get out of debt? Debt is easy to get into and hard to get out of, by design. Once you’re focused on your goal to be debt free, list all of your current debts in order from smallest to largest and start paying them off one by one. This allows you build momentum and stay encouraged with small victories along the way. 

 

  1. Once I’m out of debt, how do I stay out? Understanding money and how it works is a learned behavior and the best way to learn is by studying. 

Three books I’d recommend for summer reading are: 

1) “The Total Money Makeover” by Dave Ramsey

2) “The Millionaire Next Door” by Thomas Stanley and  

3) “Think and Grow Rich” by Napoleon Hill

 

Would you like to put together a personalized plan? Schedule your initial consultation with me by sending me an email at This email address is being protected from spambots. You need JavaScript enabled to view it.

Focus on Finances June 2019

Focus on Finances

By Jason Reeves

Click aqui para español- > Concentrarse en las finanzas Junio 2019

Hi everyone! It’s hard to believe that we’re already halfway through 2019! I hope you’re doing well and that you’re on track with your goals! This month we’re going to talk about five ways to help protect and grow your retirement savings.

If I leave an employer, should my retirement money go with me? In most cases, yes. The primary reasons are that once you separate from that employer, you can no longer contribute to that account. Also, if you were receiving any company matching contributions, they typically stop once you’re no longer working there.

What options are available? Any time you leave an employer, you always have four options. 1) Leave the money with your previous employer. 2) Initiate a rollover of funds to your new employer’s retirement plan. 3) Initiate a rollover to a Traditional or Roth IRA. 4) Cash out what you’ve saved.

What is a rollover, and will I get taxed? The word “rollover” refers to the fact that money is in motion. You’re moving it from one place or plan to another. There are specific rules and guidelines that need to be met so you avoid a tax penalty. For example, money coming from an employer plan is usually pre-tax. Because of that, any account you decide to roll it to needs to be pre-tax, so it doesn’t cause a taxable event.

What is an IRA? IRA is short for “Individual Retirement Account” and what it does is allows you to consolidate your money into one central location if you’re rolling it over from one or more employer plan. It also allows you to start saving and investing independently, without the use of an employer, if you’re self-employed for example. There are two primary types of IRAs and they’re called Traditional and Roth IRAs.

What’s the difference between a Traditional and a Roth IRA? The main difference between the two is that the Traditional IRA is designed for pre-tax money and the Roth IRA is designed for after-tax money. Also, money withdrawn from a Traditional IRA is taxable and money withdrawn from a Roth IRA is not, if the account is five years or older.

Would you like to put together a personalized plan? Schedule your initial consultation with me by sending me an email at This email address is being protected from spambots. You need JavaScript enabled to view it.

Culture: A Fundamental Part of Economic Development

Culture: A Fundamental Part of Economic Development

By Alejandra Guzmán

Click aqui para español- > Nuestra cultura, una pieza fundamental para la promoción del desarrollo económico

During April and May, the New Orleans Jazz and Heritage Festival welcomed hundreds of thousands of attendees while hitting its half century mark. This annual spring event has brought an array of concerts that expand to every genre of music. Some of the legendary artists who have performed throughout the years include Mahalia Jackson, Stevie Wonder, Fats Domino, Tina Turner, Ray Charles, Lenny Kravitz, Tony Bennett, Tito Puente, and the list continues! A 2019 local favorite was the Queen of Bounce Big Freedia. Those in attendance reported that she was electric.

 

Another 2019 highlight included Mayor LaToya Cantrell presenting George Wein the key to the City acknowledging his contributions to jazz festivals. Mr. Wein has been a jazz promoter and producer and his work has left an undeniable legacy. He was responsible for the Newport Jazz Festival, our very own New Orleans Jazz and Heritage Festival, and has represented festivals all over the world.

In 1959, the jazz impresario married Joyce Alexander Wein, a lady who also left a great legacy to American culture. A chemist by profession, Mrs. Wein started her career as a biochemist at the Massachusetts General Hospital in Boston, and later in New York at Columbia Medical School.  In 1963, she joined her husband and others in founding the Newport Folk Festival, which is recognized as a major engine for festival culture. Her many contributions to society include establishing the Joyce and George Wein Professorship Fund in African American Studies at Boston University and an Endowed Scholarship Fund at Simons College. Mrs. Wein passed away in 2005 leaving an important legacy.

 

Festivals bring tremendous economic value, particularly to local businesses that benefit from the activity, and visitors driven by the event. For New Orleans, Jazz Fest also sets the stage for additional festivals throughout the year and helps maintain our cultural brand. What started as a small celebration of music and culture with just 350 attendees, has become an attraction of 680 musical acts in two weekends, and contributes $400 million to the city.

To learn more about how culture contributes to the economy, plan to attend the New Orleans Business Alliance’s Annual Meeting on June 27th. The organization will present how its work promotes, supports and grows our culture while focusing on equitable and inclusive economic development. The theme of the event is focused on Economic Development Reimagined featuring acclaimed international business leader, Arnold W. Donald, a New Orleans native who serves as the president and chief executive officer of the Carnival Corporation.

For more information visit nolaba.org

Until next time!

Focus On Finances May 2019

Focus On Finances May 2019

By Jason Reeves

Click aqui para español- >Concentrarse en las finanzas mayo 2019

Hi everyone! I hope that you’re staying focused on your personal and financial goals! This month’s focus is on the importance of life insurance. There are a few topics that we will discuss and hopefully give you some clarity on. 

  1. Life Insurance is expensive: There are two primary types of life insurance; whole life and term life. Essentially, whole life provides coverage for your entire life while term is for a specific number of years. As such, term life tends to be more affordable but can expire if not renewed. Also, in most cases, the younger you are the more affordable the coverage. Start young!
  2. My job provides Life Insurance for me: Although this may be true, your benefits don’t typically go with you if you leave. Also, most employers have a 60-90 day waiting period for new hires before they’re eligible for benefits, so you risk being uncovered. A supplemental policy remains in force regardless of where you work or your current situation.
  3. All insurances are the same: There’s several types of insurance that serve different purposes. The most well-known are health, dental, and vision. What often goes ignored is life insurance and disability income insurance. Each of these protect you and your loved ones in the event you’re unable to work or provide for them any longer.
  4. It’s just me, I don’t need Life Insurance: While it may just be you, medical and final expenses live on and are passed on to your family members, caretakers, or estate. Without proper coverage, there’s a risk of becoming a burden to those you care about.
  5. The process takes forever, I don’t have time: With the advancement of technology, getting a quote and having a policy put in place is easier and more convenient than ever.

Get started today by viewing this link: https://coverpath.massmutual.com//?fg=Jason-Reeves-599468  or for more complex situations, reach out to me at This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Would you like to put together a personalized plan? Schedule your initial consultation at www.seguewealthmanagement.com -

We Are Stronger Together

We Are Stronger Together

By Alejandra Guzman

Click aqui para español- > La alianza hace la fuerza

Last Fall, I was honored take part in an intimate dinner and conversation organized by the Aspen Institute. This took place in the context of a movement called “Weave: The Social Fabric Project”.

The project was launched during the summer of 2018 under the premise that social isolation and political, racial and economic divisions are ripping America apart.

Aspen’s leaders believe that social fragmentation is a core challenge of our day. They also recognize that across the United States there are people building communities and healing divides. Therefore, they organized a listening tour, consisting of multiple events, across the country to document examples and understand the world view of participants and to celebrate their accomplishments.

The listening tour highlighted solutions in different communities across the country that are working well and are advancing towards collective impact. The New Orleans event brought together a group of 20 impressive community leaders who focus on different issues in our city. We enjoyed a conversation with artists, musicians, real estate developers, teenage activists, nonprofit founders, and many others.

All of them work to rebuild trust and overcome issues of isolation and loneliness for people in New Orleans, in their own way.


It was inspiring to interact with people of different ages, political views, racial and religious beliefs, and professional and socioeconomic backgrounds working on issues that benefit our community from their diverse perspectives. I was proud to see New Orleans is home to so many leaders who view community as the fundamental unit in society and who find serving others meaningful. They act on a moral motivation and seek to do what is right regardless of their backgrounds.

One year after “Weave: The Social Fabric Project” launched, hundreds of participants from across the nation will gather in Washington DC on May 14th through the 16th. The event will bring together

hundreds of community builders, journalists, leaders of faith, nonprofits, government, and business to celebrate, engage and spread a lifestyle that is based in honoring community.

We can all be weavers of our community. To obtain more information on how to engage with “Weave: The Social Fabric Project,” visit AspenInstitute.org.

Until next time!

Focus on Finances April 2019

Focus on Finances

By Jason Reeves, Segue Wealth Management

Click aqui para español- >Concentrarse en las finanzas

I believe that this year is going to be a great one for you and that, with a focused and intentional mindset, you will achieve your goals this year! Here are five key decisions that you control that can impact your life, be it positively or negatively, in 2019 and beyond:

  1. Having a long-term vision: At times, we get so caught up in the day to day routine of life that we struggle to think about where we see ourselves in the future. It’s important to live for today but also to plan for tomorrow.
  2. Having personal and financial goals: This aligns with having a long-term vision. To get to where you want to be, you must have a plan. Success doesn’t happen by accident.
  3. Investing time and resources in the right people: Time, not money, is our most valuable asset. We can’t buy it back or create more of it, so we must choose to spend it wisely!
  4. Paying (enough) taxes: Okay, no one likes the IRS. However, they have the ability and the authority to hold each of us accountable for what is owed. The downfall for many businesses and individuals, regardless of income or social status, stem from tax issues.
  5. Having perspective: At times, the stresses and responsibilities each of us have in this world can feel unbearable. However, taking time to think about why we do what we do and who we do it for, be it friends or loved ones, can help us stay centered. Don’t miss out on life, it doesn’t have a rewind button

Would you like to put together a personalized plan?

Schedule your initial consultation at www.seguewealthmanagement.com

 

Longue Vue House and Gardens: A Cultural Legacy

Longue Vue House and Gardens: A Cultural Legacy

By Alejandra Guzman

Click aqui para español- >Longue Vue House and Gardens: Un legado cultural

Museums and cultural spaces serve as community anchors, catalysts for revitalization, and vehicles for cultural preservation and appreciation. They play an important role in community development as they provide educational opportunities and allow personal reflection that expands one's worldview. From an economic development perspective, they are important players in the tourism industry, add jobs to the economy and participate in workforce development through their educational programs. With its strong cultural heritage and tourism industry, it is well known that New Orleans is home to important museums, including the National WWII Museum, the Louisiana Children’s Museum, and the New Orleans Museum of Art, among others.

Culture connoisseurs will also recommend visiting Longue Vue House and Gardens. This is a multifaceted historic residence featuring a house museum and gardens, which includes a discovery garden for children.

This beautiful space’s history is what makes it the most special. Edgar and Edith Stern began construction on the house in 1939 as their private residence, but they had in mind that someday their property would become a public space. They named their home “Longue Vue” after the teahouse on the Hudson River where they became engaged.

Following the example of their own families, the couple kept a strong philanthropic and social responsibility mindset. They helped establish Dillard University and the Flint-Goodridge Teaching Hospital. They also worked on reforming voter registration. The Sterns were supporters of the arts, and particularly supported the New Orleans Philharmonic Symphony, among different artists. Edgar Stern was honored with the Times-Picayune Loving Cup in 1930 for supporting the establishment of Dillard University. Edith Stern was recognized in 1964 for her role in founding Metairie Park Country Day School and the Newcomb Nursery School.

Today, the Longue Vue House and Gardens continues the legacy of its founders. It promotes innovative thought, creative expression and life-long learning, discussion and action on issues of social justice and community responsibility. Individuals and families are welcomed to take the tours offered at the site. Longue Vue House and Gardens offers other ways in which people can get involved, such as an extensive program for children, family-friendly events throughout the year, and a membership program. One can also book certain areas of the space for social, business, or any special occasion.

To support the arts, Longue Vue offers an artist residency program. Each year, an artist is selected and offered a studio space on site, a stipend of $6,000 to use at its own discretion, supplies, promotion, and the possibility to sell their craft during events and in the gift shop. Jamar Pierre was the 2018 Artist-in-Residence, and Longue Vue House and Gardens was able to support him thanks to a grant from The Helis Foundation.

New Orleans is fortunate to be home to the Longue Vue House and Gardens, a true cultural legacy. If you haven’t visited yet, make sure you take advantage of the Spring weather and make it your next family plan. Until next time.

Taller Educativo para Compradores de Vivienda

Focus on Finances February 2019

Focus on Finances

By Jason Reeves

Click aqui para español- >Enfóquese en sus finanzas

Did you make a 2019 resolution to get your finances in order? If so, here are 5 to-dos to help you get the results you want:

  1. Start with a purpose. Really take the time to understand “why” you’re doing what you’re doing. Why is it important to you?
  2. Write down your goals and look at them every day. It typically takes 21 days to form a new habit (or break an old one) and this daily reminder will help you stay focused.
  3. Put together a monthly budget. This will show you where your money is going and who it is going to while allowing you to plan for what’s to come.
  4. Do not go further into debt. It’s ok to start where you are, just remember that in order to move forward, you have to commit to not going backwards. 5. Be intentional with every financial decision you make. Wealth is not built overnight, rather, one good decision at a time! Would you like to put together a personalized plan?

Schedule your initial consultation at www.seguewealthmanagement.com

Doing Business in Mexico

Doing Business in Mexico

By Alejandra Guzman

Click aqui para español- >Estableciendo Negocios en México

Our southern neighbor, Mexico, has a vibrant economy and is the United States’ second largest export market after Canada. Mexico has a large, diversified economy that is linked to its deep U.S. trade investment relations. With 120 million citizens and a rapidly growing middle class, Mexico represents an attractive market for investors and foreign businesses.

Monterrey, Mexico City and Guadalajara are the major business hubs in Mexico. Growing up and working for more than 10 years in Monterrey, I can attest that this city is, in fact, one of the most important business hubs in the country. Monterrey is home to an elite university system, a diverse group of well-established multinational companies, and a burgeoning class of globally-competitive startups.

The cosmopolitan nature of the city created a demand for international education, making it possible for most children to obtain bilingual education starting in preschool all the way to higher education. The Monterrey Tec is the most important higher education system in Latin America and has hundreds of agreements with international universities to support exchange programs. As expected, the culture of internationalization produces a highly competitive workforce.

Recently, Mexico passed reforms in the energy, telecommunications, labor, financial and educational sectors. The reforms are intended to increase the country’s global competitiveness. The energy and telecommunication reforms can offer new opportunities for U.S. firms.

As far as international trade agreements, it is important to watch the development of the “new NAFTA.” Late 2018, the U.S., Canada, and Mexico signed a trade deal to replace NAFTA at the G20 summit in Argentina. It is now known as USMCA - the United States-Mexico-Canada Agreement. Although President Donald Trump, Canadian Prime Minister Justin Trudeau and former Mexican President Enrique Peña Nieto signed the new agreement, it requires ratification by all three governments. Regardless, Mexico is one of the finest destinations for U.S. exporters.

Looking at the Mexico market is worth value. For investors and business leaders interested in this market, there are various resources to consider including the U.S. Commercial Service. Tasked with helping companies to expand, it has locations in Monterrey, Mexico City, Guadalajara and New Orleans. Most recently, the Global Connect coalition began helping to bridge the gap between small and medium-size businesses and global resources and networks.

Partners include the New Orleans Business Alliance, the World Trade Center of New Orleans, GNO, Inc., the Port of New Orleans, the Port of South Louisiana, and Louisiana Economic Development.

Visit NOLABA.org for more information on economic development, Global Connect, and international business events. Until next time!

City Park: A New Orleans Treasure.

City Park: A New Orleans Treasure.

By Alejandra Guzman

Click aqui para español- > City Park: Un Tesoro en Nueva Orleans

The New Orleans community has the good fortune of enjoying one of the oldest urban parks in the nation.

Spanning a total of 1,300 acres, City Park offers a unique experience to millions of visitors each year. From taking a stroll through the beautifully cultivated botanical gardens, to biking, jogging, and walking the park’s paths, to adventuring the rides at the Carousel Gardens Amusement Park, City Park offers fun and diversion for everyone.

A personal favorite characteristic of our park is its beautiful oak trees, which represent the world´s largest stand of mature live oaks. This grove includes a grand oak that dates back nearly 800 years! Although this fact alone qualifies City Park as a veritable treasure, there are many other reasons why we should cherish and care for our urban park.

Urban parks play a fundamental role in a city’s economic and community development. Livable cities must be able to support vibrant populations and highly skilled workforces in order to compete with the global marketplace. Highly talented individuals are naturally interested and attracted to places that offer economic opportunities and diverse amenities that contribute to a superior quality of life.

An essential amenity to a livable city includes a network of green areas and parks. This contributes to a healthy environment, economic growth, and community cohesion.

From an environmental perspective, unpaved grounds have the capacity to absorb water. Considering that our city receives at least 60 inches of rain every year, having the right green infrastructure to manage water is fundamentally important.

In terms of social development, parks offer the amenities that contribute to an excellent quality of life. A well-maintained and properly designed network of green spaces is part of a core strategy to attract and retain a strong workforce and encourage future investment.

Green areas are also a place where members of our community come together for inclusive interaction, recreation, and physical activity. These areas stimulate healthy development in our children and the city’s youth by providing them with sufficient and adequate space for play and expression.

Additionally, through recreation and interaction with nature, people of all ages can participate in the many aspects of civic involvement.

City Park offers the opportunity to host many of our city´s legendary events including the Voodoo Music + Arts Experience, also known as Voodoo Fest.

These events help preserve the unique character and culture of our city and further provide a boost to the economy by bringing thousands of visitors to our area each year. Festivals generally produce millions of dollars in income, including tax revenues for the City and State.

Not every community enjoys the privilege of having a treasure like City Park—yet another reason why New Orleans is such wonderful place to live! Until next time!

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