New Entrepreneurial Culture Taking Hold in New Orleans

Posted at July 28, 2009

IRVINE, Calif., July 28 /PRNewswire/ — With thousands of new jobs and tens of millions invested in business development in New Orleans, Entrepreneur takes a first-hand look at the city’s emerging entrepreneurial culture. The August issue’s coverage finds New Orleans to be another example of how entrepreneurship remains essential to economic recovery, particularly as troubled cities across the country search for a revival.

Four years after the more than 50 levees and floodwalls gave way during Hurricane Katrina, business owners are rebuilding New Orleans’ economic lifelines in a spirited environment flowing with creativity, community, mentorship and collaboration. Dozens of support organizations and incentives are contributing to the uprising with evidence of real results: The April unemployment rate for the New Orleans metro area was 5.3 percent, compared to the nation’s 8.9 percent.

“While known for its creative roots, New Orleans is fast becoming a business mecca as well, drawing innovative companies in everything from digital media to film, fashion, technology and more to find their place in the city,” says Amy Cosper, VP/Editor in Chief of Entrepreneur. “Business owners are brimming with invention and entrepreneurial energy after the clearing away of previously embedded industry and practices.”

To watch a video with local business owners discussing how entrepreneurs are leading the economic recovery, visit www.entrepreneur.com/neworleans.

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