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July 16, 2020

CHAS ROEMER LAUNCHES NEW INNOVATIONS BUSINESS

Roemer: "It's a perfect time to be bold."



Saying the challenges and uncertainties of the summer of 2020 "absolutely represent the perfect moment in time to introduce bold ideas, and create new opportunities," Louisiana businessman Charles E. "Chas" Roemer IV today announced the reformation of RRM and Co. as Chas Roemer Innovations.

Roemer said much of his inspiration for CRI (www.chasroemerinnovations.com) developed from conversations he's had during the Coronavirus shutdown, when entrepreneurs and Fortune 500 executives alike seemed paralyzed. Invariably, however, Roemer said the smarter, more energetic ones you talked to were "chomping at the bit" at the prospects for progress and opportunity.

"What the more foresighted executives are seeing with great clarity right now is a unique moment in history, an opportunity to introduce new ideas and dynamic strategies," Roemer said. "It has often been from the most trying times that Americans have found their deepest inspiration and greatest courage. We are convinced that this is one of those times, and the announcement of CRI represents our investment in that conviction."

Roemer said CRI would absorb his former company, Roemer Robinson Melville and Co., and direct and manage investments and operations for several concurrent and new energy, financial, sports, education and business ventures.

Roemer, through RRM and Co., has established a solid record for innovation and success over the past 20 years, founding and managing financial institutions, collaborating with universities to build on-campus housing for retirees, promoting and supporting new businesses and reforms in education, energy, media and security.

CRI is already the principal investor and manager of G2 Net-Zero, a Louisiana-based company building the world's first liquefied natural gas export and industrial gas production complex promising net-zero carbon emissions from upstream to dockside by as early as 2026. Without burden of existing expensive infrastructure costs, and coupled with a burgeoning world energy market demanding net-zero emissions by 2050, G2 stands to be one of the cleanest and most profitable LNG projects in the world by the late 2020's.

Roemer, a former statewide member, and then President of the Louisiana Board of Elementary and Secondary Education (BESE), led a strong group of young reformers to institute higher standards in the classrooms by finding the best teachers and implementing advancements that would guarantee a positive difference in young lives. In the wake of Hurricane Katrina’s devastation on New Orleans, he also personally established what would become the strongest Charter School System in America.

"I think there is an enormous appetite for approaching challenges differently," Roemer said. "I think most people are tired of divisiveness and arguments that ignore the core problems. Most people want jobs and a clean environment. Most people want to do good in their communities and make a profit. Most people don't think somebody else has to lose in order for them to win.

"In the ventures we are undertaking at CRI, we are often inviting opposites to work together, to find solutions, to redefine winning and success," Roemer said. "We're finding out that there are some great ideas, some solid risk taking investors, and a business community that is eager to reward ingenuity and resourcefulness and go way beyond what I still hear some people call a 'new normal'."

CRI is also investing in the creation of an imaginative, expansive academic-sports training facility in Louisiana that will concentrate on preparing high school athletes from around the country for college and all facets of the business of professional athletics – socially, scholastically, physically, and emotionally. The facility will be the first-of-its-kind combination profit/not-for-profit sports academy in the United States.

"Sports and competition provide enormous avenues for learning, whether you are developing young athletes, sports journalists, prospective coaches or executives, agents, and administrators, or even professional owners," Roemer said. "We certainly know, on the academic side, that you can better educate for life if you can first capture the love and imagination of students. We are in the early stages of determining exactly how we can create the most fascinating environment for opening the minds and lives of dreamer-athletes. We couldn't be more thrilled with an idea."

Roemer said the secret to the success of CRI will be through building a collaborative, no holds-barred "idea factory" approach for inventors, investors, builders, growers, thinkers, and motivators.

"I'm excited every single day that there will be a fresh concept out there, or a special, talented individual who has the wisdom and knowledge to dazzle us with new management concepts, financial planning, facilities planning, or can sell the biggest breakthroughs we've ever known," Roemer said. "We are putting together the team of investors, believers, innovators, idea men and women; influencers who we believe already understand the next generation of need, and are now working on providing the supply.

"I know some fear the timing of our announcement, well into several months of Coronavirus shut-down, with unemployment at frightening levels, political uncertainty, and even anxieties and grief over the security and welfare of our nation," Roemer said. "I maintain that history has taught us that our spirit and energies are at their best when they are required. Waiting for things to return to an old normal may be a prayerful hope, but it's not a strategy. Chas Roemer Innovations intends to be in that mix when the problem-solvers are looking for their answers. We're going to be ready."


Contact: Denise Michaels at mediarelations@chasroemerinnnovations or 202.262.9688

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