New Orleans
Music Industry Economic Impact Assessment
We are proud to have worked with NOME to deliver a Music Industry Economic Impact Assessment for the Greater New Orleans Region (GNO).
The confluence of technology that has disrupted the old music business models, new state financial incentives for permanent job creation, and intellectual property production, market growth, and the strong New Orleans brand as a center for innovation, technology and entrepreneurship makes this the right time for this initiative.
The vision for the New Orleans Music Economy initiative (NOME) is for the New Orleans Region to have both the brand of America’s premier music city and a thriving music economy by focusing on the development of the Intellectual Property (music copyright) value stream. The NOME initiative will grow the local economy by capturing and adding to the value of its music creators, attracting investment and creating new jobs.
We’re grateful to the sponsors of this initiative: Greater New Orleans, Inc, The Helis Foundation, IBERIABANK, New Orleans & Company, The City of New Orleans, New Orleans Downtown Development District, Kevin M. Lin, Louisiana Entertainment and New Orleans Business Alliance.
The Executive Summary is available to read and download here. For more information, visit: nolamusic.biz
The New Orleans Music Economy Initiative
The New Orleans Music Economy Initiative is spearheaded by a group of regional business and music leaders, including:
Michael Hecht – Greater New Orleans, Inc.
Tara Hernandez – JCH Properties+
Jim McCormick – Staff Songwriter, BMG Rights Management; Music Industry Studies Instructor, Loyola University New Orleans
PJ Morton – Morton Records, Maroon 5
Todd Johnson – IBERIABANK
Raj Smoove – DJ, Producer, and Audio Engineer
Jay Weigel – Composer; Music Director; Producer; Loyola University New Orleans Film Scoring Instructor
Reid Wick – The Recording Academy; The Grammy Awards
Bill Sabo - NOLABA
The Project in the Press
Nola.com “There are gaps in New Orleans’ music industry. Business leaders hope to fill them” - 25 January 2019
PR Newswire “IBERIABANK Invests in the New Orleans Music Economy Initiative” - 30 January 2019
The Advocate - Gambit “Clancy DuBos: New Orleans Music Economy promises economic development — with a beat” - 8 March 2019
About Sound Diplomacy
Sound Diplomacy is a global research and strategy consultancy, committed to building and supporting sustainable ecosystems that bring economic development to people, places and cities.
We provide research and recommendations to businesses and policymakers to help them make informed decisions on the best use of places and how to stimulate economic, social and cultural growth.
We have delivered results across six continents, in over 100 cities and 25 countries.