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Growing Name Change Hancock Whitney Kent Design Build Joins Four Other Local Introduces New Logo Rms in the Revenue Spotlight PAGE 30

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Growing Name Change Hancock Whitney Kent Design Build Joins Four Other Local Introduces New Logo Rms in the Revenue Spotlight PAGE 30 MARQUES COLSTON’S NEW VENTURE NEWORLEANSCITYBUSINESS.COM HIRES, PROMOTIONS, AWARDS New Orleans May 11 - 24, 2018 $2.00 THE BUSINESS NEWSPAPER OF METROPOLITAN NEW ORLEANS PAGES 22-25 Breakbulk cargo declines amid trade uncertainty LANCE TRAWEEK [email protected] The Port of New Orleans says it’s feeling the fallout of global uncertainty over trade sanctions and steel tariffs announced this year by President Donald Trump’s administration. According to port officials, breakbulk cargo has decreased by 66,291 tons, or 26.5 percent, in Fiscal Year 2018 compared to the same time period in 2017. The fi scal year began last July and ends June 30. In March, Trump said he would hike steel tariffs by 25 percent and aluminum tariffs by 10 percent – a move industry insiders at the time said could have an unfavorable ripple effect SEE BREAKBULK CARGO PAGE 9 Fastest FOCUS BANKING/INSURANCE Companies & INVESTMENTS Growing Name change Hancock Whitney Kent Design Build joins four other local introduces new logo rms in the revenue spotlight PAGE 30 INSIDE Making moves Construction News by the numbers ...........4 Ones to Watch .................. 27 Quick Hits .............................6 Opinion ............................. 31 Smoothie King, Collision Central Leadoff Spot ..................... 11 Business Scene ................ 39 conference, Morning Call Work begins on former World Commission Accomplished ... 16 Lists: Banking ............32-33 announce departures Trade Center redevelopment Dining ............................... 18 Health Care Feature ......34-38 I Want That ....................... 19 Good Works .............40, 43 PAGE 12 PAGES 20-21 M&A report ....................... 26 Around Town ..............42-45 Your Dream. Our Mission. When your bank shares your goals, there’s no limit to what you can achieve. After over 100 years sharing the same commitment to the Gulf South’s people, culture and communities, Hancock and Whitney Bank are becoming Hancock Whitney on May 25. With this change, there’s nothing you need to do. Just enjoy our legendary 5-star service. hancockwhitney.com/our-next-step On May 25, 2018 Whitney Bank will become Hancock Whitney Bank. Until then, “Hancock Whitney” refers to Whitney Bank and thereafter it refers to Hancock Whitney Bank. Whitney Bank, Member FDIC. YOUR PARTNER IN PROGRESS From tax incentives and financing options to customized demographic reports and site selction, JEDCO is here to help your business thrive in our community. Through our award-winning business outreach program, we connect iwht Jefferson Parish business owners to understand their needs and to determine how we can assist. Ad JEDCO, your business is our number one priority. JEDCO.org | 504.875.3908 NEWORLEANSCITYBUSINESS.COM 4 New Orleans CityBusiness May 11 - 24, 2018 NEWS BY THE NUMBERS PHOTO COURTESY UNIVERSITY MEDICAL CENTER 27,000 Square footage of University $25 Medical Center’s new $2 million Burn Trauma Center. It has 16 inpatient beds in its intensive care unit; four outpatient million clinical rooms and disaster ICU beds; a hydrotherapy unit, operating room and rehabilitation center. Cost of a graphite processing facility Syrah Resources is putting in Vidalia. The Australian ASSOCIATED PRESS PHOTO company will produce materials for electric vehicle batteries and other products. The project will $5 million Purchase price that create 25 new direct jobs and 30 indirect ones. Covington-based Ballard Brands offered for “Iron Chef” Jose Garces’ restaurant empire. Garces fi led for Chapter 11 bankruptcy protection May 3. $90,000 PHOTO COURTESY STIRLING PROPERTIES 2 Saltgrass Steak Houses planned for St. Tammany Average salary of 20 jobs being created by Parish. The most recent one has been announced at Twistlock at its new Global Solutions Engineering Pinnacle Nord du Lac shopping center in Covington. Center in Baton Rouge. The Portland, Oregon- Another is being built at Fremaux Town Center in Slidell. based cybersecurity fi rm plans to operate at LSU Innovation Park. 2017 EAGAN INSURANCE BEST PROPERTY & CASUALTY INSURANCE AGENCY WINNER CABINETRY COUNTERTOPS COMMERCIAL & RESIDENTIAL “Family to Family, Business to Business” since 1954 www.eaganins.com u 504-836-9600 C y.com Metairie, LaPlace & Covington, LA u Pass Christian, MS ½ ¾ ¿ Ã NEWORLEANSCITYBUSINESS.COM 6 New Orleans CityBusiness May 11 - 24, 2018 Analyzing the week’s top news and QUICK HITS | what you can expect to happen next —CityBusiness staff and Associated Press reports What happened: What happened: Louisiana-based A Metairie office tower near the intersection of Causeway Boulevard and accounting and West Esplanade Avenue sold to a Texas real estate firm. The 184,608-square- consulting firm foot, 14-story high-rise Executive Office Tower at 3500 North Causeway Blvd. Postlethwaite & was purchased by “a well-established real estate firm out of Dallas” as an Netterville announced investment property, a news release said. It did not identify the seller or buyer the official beginning of or the purchase price. a new leadership era. Dan Gardiner became What’s next: the company’s CEO The building will remain a multi-tenant office tower, according to the news PHOTO and managing director COURTESY release from Stirling Properties, the commercial real estate firm that brokered the POSTLETHWAITE May 1 after a year of & NETTERVILLE leadership transition. sale. Keystone Engineering is one of the office tower’s tenants. The new owners plan to upgrade the property, remarket it and increase its occupancy rate. Gardiner P&N announced last year it was beginning a formal process of transitioning from Bill Balhoff, who spent 10 years as CEO, to Gardiner. What happened: What’s next: Secretary of State Tom Schedler left his position as state elections chief amid allegations he sexually harassed one of his employees. Schedler, a Republican Gardiner becomes the firm’s fifth managing director. from the North Shore, had previously announced plans to stay until his term He joined the company’s Assurance Services Group ended in January 2020. He submitted a resignation letter with a May 8 date in 1995 and left five years later to work for a regional after sexually suggestive emails became public and Republican U.S. Sen. John consumer packaged goods and distribution company. Kennedy and Bill Cassidy called on him to resign. Gardiner rejoined P&N in 2008 as a member of the Consulting Services Group. He led the Tax Services Group until his promotion to CEO. Balhoff, who joined What’s next: P&N in 1976, remains in a leadership position within A special election will fill the remainder of Schedler’s term. Until then, the firm. Schedler’s first assistant will be in charge. NEWORLEANSCITYBUSINESS.COM New Orleans CityBusiness May 11 - 24, 2018 7 NEWS BRIEFS Louisiana hospital sends layoff notices One of Louisiana’s safety-net hospital operators has noti- fied about 770 of its employees that they could be laid off and the hospital shuttered on June 30 because of proposed state budget cuts. Lafayette General Health System sent the notices to workers at University Hospital and Clinics, ahead of deep reductions slated to hit it and other safety-net facilities when the new budget year begins July 1. The notification to Lafayette hospital workers was sent to comply with a federal law that requires employers to give notice 60 days in advance of a mass layoff. The House-backed version of next year’s budget would close a gap caused by expiring taxes by cutting $431 million in general state tax dol- lars from the health depart- ment. The cut would grow to an estimated $1.6 billion or more with the loss of federal matching dollars. About $489 million of that would fall on the safety-net hospitals and clinics. Gov. John Bel Edwards wants lawmakers to pass replacement taxes in a special session to avoid deep slashing across state agencies, but it’s unclear if they’ll reach a deal. Edwards administration offi- cials said the proposed cuts likely also would close hos- pitals in Shreveport, Monroe, Bogalusa and New Orleans. —The Associated Press There will be times you miss the most important meeting of the day. That might not be a big deal to other companies, but it is to us. Cox Business knows the sacrifi ces you make for your business. That’s why we work right alongside you with personal service from experts in your hometown, offering unrivaled 24/7 support. You can fi nd us hard at work any time, day or night, because we care about your business as much as you do. 24/7 BUSINESS-CLASS SUPPORT SCALABLE VOICE SOLUTIONS GET A $200 VISA® PREPAID CARD 99 AFTER ONLINE $ Add Voice for just * REDEMPTION.† 24 mo with a 3-year agreement when Mention you purchase Cox Business “reward promo” Internet 25 Mbps or higher to qualify. SWITCH TODAY. Call (504) 304-4070 or visit coxbusiness.com * Offer ends 8/31/18. Limited to new Cox Business customers only (excluding government agencies and schools). Requires new subscription to Cox Business InternetSM 25 or higher at additional monthly charge. $24.99/mo. includes Cox Business VoiceManagerSM Essential. Prices based on 3-year service term. Early termination fees may apply. Standard rates apply thereafter. Prices exclude voice equipment, installation, construction, inside wiring, taxes, and fees, unless indicated. Offer is non-transferable to a new service address. 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