NLEP announces new investors, investments, president search

The North Louisiana Economic Partnership (NLEP) is pleased to announce the addition of six new investors and increased investments from three existing investors. The new annual investments of $202,500 from these nine investors will support the NLEP’s national search for its next president by engaging an executive recruitment firm and increasing the compensation package for the position.

Anderson Feazel Management, Inc., Fibrebond, Kinsey Interests, Inc., Ochsner LSU Health System North Louisiana, Skrivanos Engineering and Somdal Associates are joining NLEP as new investors. The Alta and John Franks Foundation, Ivan Smith Furniture and Red Ball Oxygen are increasing their support of NLEP. Representatives from four of the new investors – Anderson Feazel Management Inc., Fibrebond, Kinsey Interests, Inc., and Ochsner LSU Health – have joined the NLEP Board of Directors.

“This is a big win for NLEP and for all of North Louisiana,” said NLEP Board Chair Adam Johnston of First Guaranty Bank.  “When business leaders of this caliber, with interests throughout our region, devote their time and resources to an organization like ours, it reinforces the importance of our mission.  We are humbled and thankful for these new investors and incredibly grateful to our current and legacy investors.  For our region to reach its full potential, with a vibrant, diverse, dynamic, and growing economy, we must remain united in our commitment to improving the quality of life for everyone living and working in North Louisiana.”

“For us to continue attracting world-class physicians and support our growing team to meet the healthcare needs of North Louisiana, investing in workforce development and quality of life in North Louisiana is vital,” said Aphreikah Duhaney-West, COO of Ochsner LSU Health Shreveport and new NLEP Board Member. “We place a high priority on the mission of NLEP and are pleased to continue our collaboration for the benefit of these communities,”. 

New investor and Board member Graham Walker, President and CEO of Fibrebond shared his perspective on the mission of the NLEP. “We believe the goal is simple: bring people home to North Louisiana with jobs and opportunity.  Our region has great people and resources, and several economic engines are thriving. But with the headwinds of population loss across the Shreveport / Bossier and Monroe metro areas, now is the right opportunity to support NLEP and find a proven economic development professional to help grow North Louisiana. This situation requires a sense of urgency and renewed commitment from those of us most deeply rooted here.”

In August, the NLEP formed a twelve-member Search Committee to manage the recruiting process for a new president. After consideration of several proposals, the NLEP Search Committee chose to partner with Jorgenson Consulting of Greensboro, North Carolina. Jorgenson has an extensive track record of executive recruitment in the economic development and non-profit sectors. Based on the plan developed, the NLEP expects to announce its next president in early 2021.