Gulf Coast Business Reinvestment Forum

Sponsor:
The US Chamber of Commerce and the International Economic Development Council
Topics:
Disaster Recovery
Location:
Washington, DC
Date:
November 2005
Participants:
130

REVITALIZING A REGION

More than 130 economic development, business and policy leaders from local, state and national levels met to create strategies for strengthening business reinvestment in the Gulf Coast region after Hurricanes Katrina and Rita. The U.S. Chamber of Commerce and the International Economic Development Council convened the Forum in partnership with the states of Alabama, Louisiana, Mississippi and Texas. The Forum sought to enhance the position of the Gulf Coast on the federal legislative agenda and provide recommendations for economic development and business recovery. AmericaSpeaks provided facilitation support for plenary and working group sessions.

Participants heard from local officials, experts and business leaders on the current state of affairs in the Gulf Coast Region. They then agreed on four overarching priorities: housing, jobs, levees, and coordination. Working groups developed an extensive list of action steps related to developing an infrastructure for economic development and for workforce development, as well as a multi-point legislative agenda, a media strategy and an assessment of financial tools for large and small businesses.

The recommendations and action steps from the Forum helped to guide participant activities as well as the $29 billion package of Gulf Coast hurricane relief Congress approved in December 2005.

Impact

The recommendations and action steps from the Forum helped to guide participant activities as well as the $29 billion package of Gulf Coast hurricane relief Congress approved in December 2005.