Hall of Distinction Class of 2010-2011

Stephen Michael Moret was appointed secretary of the Louisiana Department of Economic Development (LED) by Governor Bobby Jindal in January 2008. Moret earned a Bachelor of Science Degree in Mechanical Engineering from LSU in 1995, where he was elected president of the student body. In 2001, he received an M.B.A. from Harvard Business School, where he was elected co-president of the student body and was a recipient of the Dean's Award for exceptional leadership and service.

As the leader of Gov. Jindal's economic development team, Moret has focused on transforming LED into one of the top state economic development agencies in the country. Moret's vision is for LED to be a fast, creative and highly responsive partner for corporate executives and site selection consultants; a champion for small businesses and other existing Louisiana employers; and the architect of Louisiana's economic renaissance.

Some of LED's top accomplishments under Moret's leadership include landing Louisiana's fifth Fortune 1000 headquarters (Albemarle Corp.); attracting Electronic Arts Inc.'s first North American test center; recruiting Nucor Corp.'s multibillion dollar iron and steel production facility; and establishing LED's highly acclaimed new workforce development initiative, LED FastStart. Since 2008, Gov. Jindal and LED have secured projects that will create more than 39,500 new direct and indirect jobs, as well as more than $8.5 billion in new capital investment.

During Moret's tenure, LED has earned accolades from a variety of national organizations. For example, in 2010: Site Selection magazine named LED as the second best performing state economic development agency in the U.S. (Louisiana's first appearance in the top 10); Business Facilities magazine named LED FastStart the top state workforce training program in the U.S.; and Southern Business & Development magazine named Louisiana Co-State of the Year for the second year in a row for securing more significant business development wins per capita than any other Southern state.

Prior to being appointed by Gov. Jindal, Moret served as president and chief executive officer of the Baton Rouge Area Chamber, or BRAC. Under Moret's leadership from 2004 to 2008, BRAC grew into a national-caliber regional economic development organization. Revenues tripled at BRAC during Moret's tenure, following the launch of "The Campaign for a Greater Baton Rouge," a five-year, $15 million economic development initiative for the nine-parish Capital Region. Additionally, BRAC received dozens of national awards from ACCRA/C2ER, Southern Economic Development Council, American Chamber of Commerce Executives and other groups for economic development planning, marketing, communications and public policy research.

Moret's previous professional endeavors include working as a management consultant with McKinsey & Company, a leading global consultancy serving senior executives of Fortune 500 companies and large public sector organizations. He also served as a project supervisor with Trinity Consultants, where he advised large industrial facilities in multiple states on environmental issues related to major plant expansions.

Moret has also served as an assistant to the LSU chancellor, Dr. William L. Jenkins, an independent consultant to Harvard University and a public policy fellow with the Public Affairs Research Council of Louisiana, or PAR. His research at PAR on restructuring Louisiana's higher education system earned the national Most Distinguished Research Award from the Governmental Research Association.

Moret's work has been recognized by the Ford Foundation, which selected him as one of 30 Regionalism and Sustainable Development Fellows in the U.S. In 2008, he was a contributing author to "Retooling for Growth: Building a 21st Century Economy in America's Older Industrial Areas," a book published by Brookings Institution Press. In the book, economic development experts present new frameworks, cutting-edge analysis and innovative policy solutions through which the nation's government, business, civic and community leaders can sculpt a sustainable and supportable economy for older industrial areas.

He is a graduate of Leadership Louisiana and was selected for "Top 40 Under 40" in Baton Rouge in 2005 by the Greater Baton Rouge Business Report.

Moret and his wife, Heather, have three sons, Jackson Henry Philip (6), Samuel Houston Paul (4) and Benjamin William David (2). Heather recently earned her doctorate in Human Development and Psychology from the Harvard Graduate School of Education; she also holds an M.P.A. from Columbia University and a B.S. from the Medill School of Journalism at Northwestern University.