Why New Orleans? - NOLABA
 

Why New Orleans?

New Orleans boasts vibrant population growth, low unemployment, and offers one the lowest costs of doing business in the nation. The city’s countless attributes make it one of the most favorable climates for industry:

  • Average wages are significantly lower than those offered by competitors
  • Utility rates are below the national average
  • Class A office space begins at just $13 per sq. ft.
  • #1 among the top 100 U.S. cities in GDP growth from 2007-2012
  • Reported one of the lowest unemployment rates among top 50 metropolitan areas in 2013
  • One of only nine U.S. metros to experience positive middle skilled job growth from 2007-2013

A 2013 Business Retention & Expansion Report, created from 149 Orleans Parish company responses and compiled by NOLABA, provides an overview of the business climate in New Orleans, from the perspective of companies in diverse industries. The report revealed that overall, the New Orleans business community is growing and optimistic about the future:

  • 64% perceived their business is growing; only 5% perceived a decline in their business
  • 74% of respondents felt the business climate has improved since 2008
  • 90% expect the business climate to improve over the next five years

New Orleans is providing high quality employment opportunities for .all of its residents. Since the devastating events of Hurricane Katrina, the city has regained 85 percent of its 2004 population, and its growth rate from 2010 to 2012 was the second highest in the U.S.

New Orleans Rankings:

  • Shutterfly ranked New Orleans the #3 “most joyous” city in America
  • In 2014, Business Facilities magazine named Louisiana as the state with the best business climate in the U.S.
  • Top ten city for relocation by Forbes
  • New Orleans ranked #2 Most Aspirational City due to great quality of life, and economic and population growth by The Daily Beast
  • New Orleans ranks #8 for highest share of residents who bike to work

Learn more about how your New Orleans business will thrive here:

Living in New Orleans

Explore New Orleans’ vibrant cultural offerings and lifestyle assets here and picture yourself in the easiest city to live, work and play.

Infrastructure Assets

New Orleans’ unparalleled infrastructure sets the foundation for incredible business opportunities.

Taxes & Incentives

Businesses seeking NOLA incentive programs can learn more here.

Workforce

From labor force development programs to nationally ranked colleges and universities, New Orleans’ workforce is highly-skilled and available to work.

Higher Education

New Orleans’ higher education opportunities include seven colleges and universities with national rankings for outstanding programs.

Key Stats and Rankings

New Orleans ranks among the top 10 cities in the U.S. for business, culture and quality of life.

Success Stories

Learn from companies why they choose New Orleans and how it helped their success.

WHY NOLA?

The proof is in the stories of those who do it every day. CLICK HERE to view our series on why New Orleans is a great place to build a business or a career.

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