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Forward

How to build a strong local economy

Forward

Humanity Forward Productions

Society & Culture

4.83.2K Ratings

🗓️ 4 September 2023

⏱️ 60 minutes

🧾️ Download transcript

Summary

How do you bring back a city devastated by Hurricane Katrina? What are the mechanisms that drive local economies? Michael Hecht is the CEO of GNO, a non-profit that drives economic development in the greater New Orleans area, and he joins Andrew to talk about creating a business-friendly environment, Business Physics 101, and what we can learn from New Orleans. Watch this episode on YouTube: https://youtu.be/y6HKd2lrjBI Follow Michael Hecht: https://twitter.com/MHechtGNO | https://gnoinc.org Follow Andrew Yang: https://twitter.com/andrewyang | https://forwardparty.com Get 3 extra months off at ExpressVPN.com/Yang Get 25% off w/ code HELIXPARTNER25: HelixSleep.com/Yang To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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0:00.0

This week on Forward, economic development is fundamentally about creating the

0:08.4

conditions where companies want to invest their capital and people want to

0:15.4

raise their families. The reality is that you really have to treat the business

0:19.8

as the customer and go to the CEO and go to the HR department and say, you know,

0:25.8

what is your demand signal look like for workers? What skills do you need?

0:29.5

What kind of actually humans would you employ? Exactly. People want to have

0:35.1

their problem acknowledged and to be heard far more than they want that problem

0:40.6

to actually be solved.

0:43.7

It is my pleasure to welcome to the podcast, my fellow Forward National Board member,

1:00.7

President and CEO of Greater New Orleans, Inc. One of the best guys I know, and

1:06.7

that's saying something because I know a lot of people, Michael Hegt, welcome,

1:10.0

Michael. Thank you, Andrew. It is a fantastic to be here and it might just

1:14.6

speak to the quality of the people that you know, but I'll take it. Michael,

1:19.1

and anyone listening to this will see what I mean because Michael spent his

1:22.2

career helping create opportunity and vitality in New Orleans, a city that has

1:28.4

been in the news for, frankly, kind of sad reasons over the last decade or two

1:34.0

in terms of Katrina, which we'll talk about, Michael. But you did not grow up in

1:39.8

New Orleans. I think you're a New York product, right? New York educated by

1:44.1

way of New England and even the West Coast. Yeah, so you know, we actually spent

1:49.2

some time in the same kind of neck of the woods, but you know, my story is that

1:53.7

my family actually goes back to Louisiana. My maternal family goes back to a

2:00.3

little city called Donistonville in the 1830s. They were economic immigrants from

...

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