Why NOLA

Top Industries

Bio & Health Services Innovation

GAME-CHANGING BUSINESS INCENTIVES

25%

CASH REBATE

DIGITAL INTERACTIVE MEDIA + SOFTWARE PROGRAM

  • Provides a 25% cash rebate on qualified payroll for in-state employees and 18% for qualified production expenditures
  • No caps, no minimum requirement, no sunset
  • Tax credit can be applied to state income tax liability. The state refunds any overages OR applicants can opt for 85% of the value earned as a rebate any time during the year

6%

CASH REBATE

LOUISIANA QUALITY JOBS REBATE

  • The program provides up to a 6% cash rebate of annual gross payroll for new direct jobs for up to 10 years
  • Provides a state sales/use tax rebate on capital expenditures or a 1.5% project facility expense rebate on the total capital investment, excluding tax exempted items

30%

TAX CREDIT

LOUISIANA RESEARCH + DEVELOPMENT TAX CREDIT

  • Provides up to a 30% tax credit on qualified research expenditures incurred in Louisiana — with no cap and no minimum requirement

25%

TAX CREDIT

ANGEL INVESTORS TAX CREDIT

  • Provides a 25% tax credit on investments, by accredited investors, in businesses certified by Louisiana Economic Development as Louisiana Entrepreneurial Businesses (LEB)
  • $3.6 million annual program cap
  • Stakeholders can invest $720,000 per business per year and $1.44 million per business over the life of the program

WORLD CLASS FACILITIES

NEW ORLEANS BIOINNNOVATION CENTER

Louisiana’s premier biotech incubator, provides access to customized commercialization services, premier facilities, and a comprehensive support network.

LOUISIANA CANCER RESEARCH CENTER

State supported education and research in the diagnosis, detection, and treatment of cancer.

UNO Research & Technology Park

Through public and private partnerships, the University of New Orleans Research & Technology Foundation links the private sector to academia and various partners in the public sector. Tenants have opportunities to engage in joint proposals, to collaborate on research projects with university researchers, and to supplement their workforce through internships for undergraduate and graduate students.

THE NEW ORLEANS BIODISTRICT

The New Orleans BioDistrict is a political subdivision of the state of Louisiana with a mission that includes facilitating and promoting commercialization opportunities from research developed within the District, and with the power to incur debt. New Orleans boasts 25 Qualified Opportunity Zones; the BioDistrict spans across 5 of them.

THE NEW ORLEANS BIODISTRICT

  • Two $1 billion+state-of-the-art hospitals: University Medical Center and Veterans Affairs Hospital
  • Two medical schools: LSU Health Sciences Center and Tulane University
  • College of Pharmacy at Xavier University
  • New Orleans Bio Innovation Center
  • Louisiana Cancer Research Center
  • UMCBurnCenter
  • OchsnerHealthSystem
  • LCM CHealth System
  • HCA/Tulane Health System

Prime CBD Real Estate

$18-25 / sq.ft.

1 of 3 Rising Tech Hubs to Watch

Ozy 2018

Access to Talent

from 10 Colleges and Universities within the City Limits

BioDistrict New Orleans Board Meetings

“What’s special about doing business in New Orleans is that you get a combination of highly competitive business assets and an unsurpassed quality of life. I would not exchange it for anywhere in the world.” – Henry Coaxum Jr.

“I’ve found the day-to-day experience of doing business in New Orleans much the same as elsewhere. But in New Orleans, our cost of doing business is lower, particularly because we have some of the lowest utility rates in the nation and we’re one of America’s most affordable cities with great amenities. Add that to the skilled workforce, the best-in-class incentives and an unparalleled culture and you have one of America’s best locations to work and live.” – Charles Rice

 

NEW ORLEANS HEALTH INNOVATORS CHALLENGE

The New Orleans Health Innovators Challenge (NOLAHI) is an annual digital health competition, produced by the New Orleans Business Alliance (NOLABA) and partners since 2018, that brings together startups from around the country to collaborate with local healthcare leaders to find solutions to pressing healthcare challenges. NOLAHI creates strategic partnerships between top emerging companies and our New Orleans health system leaders based on articulated Challenge Statement topics.

 

Black Tech NOLA 2021

Careers in BioTech (Virtual Hiring Event)

Changing the Landscape: Opportunities for Pursuing a Fulfilling Career in BioTechnology – Black Tech Founder Dr. Trivia Frazier will lead a conversation from different perspectives in BioTech. Learn about traditional and non-traditional opportunities from the lab to the board room.

Key Partners

THE NEW ORLEANS BUSINESS ALLIANCE is here to help you navigate the business environment with ease. All of our services are free of charge, so let’s have a conversation today.

Louis David

Interim President & CEO

Hospitality

New Orleans is one of the top tourism destinations and hospitality epicenters in the world. Each year, the city welcomes nearly 20 million visitors from every corner of the globe in search of its unique cultural experiences and the opportunity to create memories that will last a lifetime.

Key Partners

Logistics, Transportation & Trade

For 300 Years, New Orleans has been the business gateway to America and the world. Now, with unmatched intermodal connectivity, our reach is only improved, and ready for the next Tricentennial. Local businesses benefit from incredible multimodal transportation (rail, air, truck, barge, and ship), value-added offerings including warehousing, storage, third-party logistics providers, state-of-the-art facilities, rail connectivity, port operations, ground and air freight, and wholesalers.

Software & Technology

There are good reasons U.S. News & World Report named New Orleans the “Silicon Valley of the South,” like unparalleled creative culture, leading entrepreneurial ecosystem, affordable business costs, and digital media tax credits to name a few. In the last five years, the city’s technology sector has seen unprecedented and inclusive growth, holding top national rankings for tech jobs held by women and people of color.
Quite simply, our success in this city can be measured in the relationships that NOLABA and the entire economic development community has helped us create.”
— Matt Findley, President of inXile Entertainment

Food & Beverage Production

New Orleans Food & Beverage is having a huge moment with more than 110 companies operating in the space like L.H. Hayward & Company, maker of Camellia beans; Reily Foods, known for Blue Plate mayonnaise, Luzianne tea and more; and Baumer Foods, creator of Crystal Hot Sauce. Not to mention the 35+ support organizations available to assist them with various aspects of their growth, whether it’s co-packing, distribution or business coaching.

BIG EASY BUCHA ANNOUNCES MAJOR ACQUISITION BY BELIV

A true testament to the opportunities for startups here, New Orleans celebrated several major wins in 2021, including the sale of healthy drinks company Big Easy Bucha to Latin American beverage company Beliv and $1.1 million in seed funding for El Guapo Bitters & Syrups to open America's FIRST bitters brewery right here in the city.

Key Partners

BRANDS/MANUFACTURING

BREWERIES/DISTILLERIES

DISTRIBUTION/PACKING

VIRTUAL FOOD SITE TOURS

In September 2020, NOLABA launched a Virtual Food Site Tour series to provide more information for interested manufacturers and developers relative to food production in the city of New Orleans.

Music & Recording

The opportunities in the local film industry are like never before. Academy Award winners, blockbusters, top-rated television shows such as NCIS New Orleans - it’s all here - and so are the professionals, industry support services, and tax incentives to make it work.

Film Production

Academy Award winners, blockbusters, top-rated television shows such as NCIS New Orleans - it’s all here - and so are the professionals, industry support services, and tax incentives to make it work.

Key Partners

Energy

New Orleans, Louisiana is traditionally known for its energy assets, particularly those in oil and gas fields. But did you know that in the heart of oil country there is a Solar America City? Yes, New Orleans is a solar city.

Like other parts of the New Orleans culture, we are wonderfully multifaceted. Bottom line: we are proud that companies in every field from oil, gas, solar, wind and battery power call us home.

Key Partners

Light & Advanced Manufacturing

From specialized packaging to Mars rockets, New Orleans' light and advanced manufacturing is as diverse and interesting as the city itself. With thousands of acres of land available, much of it with immediate access to rail, road, and deep-water port facilities, doing business in the Crescent City works for manufacturers big and small.

In addition to connectivity and a world-renowned resilient spirit, we offer one of the nation’s lowest cost of doing business, and a large pipeline of educated workers combined with the nation’s top workforce development programs.

Key Partners

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1250 Poydras St., Suite 2150
New Orleans, LA 70113
info@nolaba.org | 504.934.4500