New Orleans is a picture of resurgence, making this the perfect time to open a business there.
Entrepreneurs enjoy the city’s low business costs, tax incentives, and below-average utility costs. The city has spent years working to build its economic diversity, resulting in a high rate of entrepreneurship. The result is strong local businesses.
As home to several colleges and universities, New Orleans hosts a diverse, educated population that supports local businesses as workers and consumers.
New Orleans has always had enormous character and a resilient spirit, and that’s reflected in its popularity. Tourism has been growing steadily over the past decade. In 2017, the city received 17.74 million visitors, who contributed $8.7 billion to the local economy.
The Crescent City is a popular place to live, work, and visit, and its economy is growing. Talk with a FranNet consultant to learn what type of business would be best for you in New Orleans.