Posted on: September 2 2011 | Posted in: Latest NewsToday, Greater New Orleans, Inc., the economic development alliance for the 10-parish Greater New Orleans region, announced that two companies are making significant investments in the area.
FOR IMMEDIATE RELEASE
SEPTEMBER 1, 2011
Curry W. Smith
Two out-of-state companies expand operations into New Orleans
Fogo Data Centers and Quixote Studios add to the region’s digital and film industries
NEW ORLEANS -- Today, Greater New Orleans, Inc., the economic development alliance for the 10-parish Greater New Orleans region, announced that two companies are making significant investments in the area. Fogo Data Centersâ€”a private cloud, data hosting, and colocation company headquartered in Carrollton, Ga.â€”is expanding its New Orleans facility, and Los Angeles-based film production services company Quixote Studios has opened a supply store in the city.
“These two companies are important additions to our region’s emerging sectors,” said Michael Hecht, President and CEO of GNO, Inc. “Greater New Orleans was recently named the number one market in the country for information technology job growth, and the film industry in Louisiana now ranks third in the nationâ€”behind only those of California and New York. Fogo’s and Quixote’s expansions will help to grow our reputation as a hub for these types of jobs.”
Fogo owns and operates regional data centers focused on providing 24-hour data center solutions to small and mid-sized businesses, educational institutions, healthcare organizations, and local governments. The company’s original facility is in Georgia. Originally opened in January 2011 with a staff of 17, the New Orleans officeâ€”on the 10th floor of the New Orleans Exchange Centreâ€”is Fogo’s second location. The expansion represents a $5 million capital investment and will create approximately 20 new direct jobs.
“Having suffered through Hurricane Katrina, businesses here are well aware of the need for secure colocation, private clouds, and disaster recovery products,” said Brooks Snow, CEO of Fogo Data Centers. “We believe our network of regional and fully replicated data centers will be a perfect fit for New Orleans’ businesses as they expand and rebuild.”
“We look forward to being an economic development partner with GNO, Inc., and Louisiana Economic Development to bolster the New Orleans community and serve as a backbone provider to help with the recruitment of new technology companies and consumer savvy startups,” added Josh Rhine, Business Developer with Fogo Data Centers.
One of the largest providers of high-end production-related supplies, grip, camera, and construction equipment in Hollywood, Quixote opened its New Orleans location last month with two employees. The store, located at 929 Euterpe St., provides grip, set lighting, camera, and art department expendables for film crews based in Southeast Louisiana. With an initial capital investment of $50,000, Quixote has plans to expand its New Orleans operations to employ up to eight individuals. The company is currently working with the crew of G.I. Joe 2: Retaliation, which is filming in several locations in Louisiana.
“Quixote Studios has been growing over the past several years in production support for shoots in Los Angeles, Boston, New York, and now New Orleans,” said Mikel Elliott, CEO of Quixote Studios. “We are very excited to be in New Orleans and look forward to working with the film and production community in the Big Easy.”
Thanks in large part to some of the most aggressive tax incentive programs in North America, the Greater New Orleans region has been steadily building its digital and film industries. In May of this year, Forbes announced that the information sector in the Greater New Orleans area had expanded by nearly 39% in the past year, making it the top metro area for information sector job growth in the country. Concurrently, the film industry in the region continues to be a robust economic driver, with 24 movies filmed in New Orleans in 2010, creating $355 million in direct spending. Thus far in 2011, 16 movies have been filmed in the area resulting in $325.5 million in direct spending.
“We welcome Quixote and Fogo to New Orleans,” said Mayor Mitch Landrieu. “The expansion of both of these companies to our city speaks to these emerging industries’ confidence in doing business here. Every added job in industries like these brings us closer to creating a diversified, 21st century economy.”
“Companies like Fogo and Quixote Studios are paving the way for the ‘new’ New Orleans,” said Rodrick Miller, CEO of New Orleans Business Alliance. “From technology infrastructure to world-class production and creative services, New Orleans is emerging as the hub of choice for companies seeking to position themselves for growth in the digital age.”
About Greater New Orleans, Inc.
The GNO, Inc. Mission is to serve as the catalyst for wealth creation in the Greater New Orleans region. GNO, Inc. will accomplish this by pursuing an aggressive agenda of business development - marketing the region - and product development - improving regional business conditions through policy, workforce and research initiatives.
The GNO, Inc. Vision is for the Greater New Orleans region to fulfill its potential as one of the best places in the country to grow a company, and raise a family. The ultimate indication of success for GNO, Inc. will be the presence of a robust and growing middle class in southeastern Louisiana.
More information can be found at www.gnoinc.