This week, New Orleans CityBusiness came out with its annual listing of the top 100 New Orleans Area private companies. Below is the introduction to the report by New Orleans Publishing Group Editor Terry O'Connor. The publication can be viewed at http://www.neworleanscitybusiness.com/.
2007 was another banner year for the top 100 private companies in the New Orleans metro region.
The Top 100 reflects a diversified economy with health care, food, investments, construction, auto sales, ocean transportation, life insurance, manufacturing and mens accessories all represented in the top 10.
Seventy-one of the top 100 private companies increased revenues compared with 69 each of the past two years. The total amount of revenue was an all-time record for the CityBusiness Top 100 Private Company Report at $11.1 billion.
The revenue record is the fourth in a row for New Orleans-area private companies following previous top marks of $8.9 billion in 2006, $7.31 billion in storm-interrupted 2005 and $6.72 billion in total revenues generated in 2004.
Construction companies continue to profit from post-Katrina reconstruction and the ripple effect is spilling into other sectors. Engineers and health care work generated great revenues as well.
The construction industry leader remains Boh Bros. Construction Co., which now ranks No. 4 among all New Orleans-area private companies with $425 million, off 5.5 percent from its record $450 million last year.
A record 25 New Orleans-area private companies cracked the $100 million mark in 2007 led as usual by Ochsner Health System at $2.887 billion.
The CityBusiness Top 100 Private Companies Report reflects how a region heavily dependent on small and privately held businesses is doing as a whole.
CityBusiness coverage of business trends and private companies includes the Top 100 list, which covers a wide range of industries.
Tuesday, March 18, 2008
Subscribe to:
Posts (Atom)