Karen Nabonne Coaxum ’77 Receives 2024 Alden “Doc” Laborde Award

New Orleans Agenda

NEW ORLEANS – The College of Business is proud to announce Karen Nabonne Coaxum ’77 as the recipient of the 2024 Alden “Doc” Laborde Award for Ethical Entrepreneurship. Named for the illustrious Co-Founder of Loyola’s Center for Spiritual Capital, the Laborde Award recognizes entrepreneurs who conduct business by the highest ethical standards. Ms. Coaxum graduated from Loyola University New Orleans with a degree in Journalism and currently serves as the Director of Communications at Coaxum Enterprises, Inc.

Ms. Coaxum, along with her husband Henry Coaxum, have made substantial impacts on the economic development and improvement of the New Orleans Community. Coaxum Enterprises owns and operates three McDonald’s restaurants, and the Coaxum’s serve on numerous boards, including those dedicated to economic development, historic preservation, the arts, and health and human services.

The Coaxum’s dedication to education is evident in the creation and implementation of the Coaxum Enterprises Training and Resource Center. Their state-of-the-art facility provides instruction and education to hundreds of employees, which allows employees to gain confidence and comfort before entering the workforce. Additionally, high school and college students who are employed are given a pay raise and tuition assistance as a reward for achieving good grades. In their effort to improve the community, the Coaxum’s offer the Training and Resource Center to other organizations in need of a venue for similar purposes.

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