New Orleans Leads the USA by 30% in number of startups-per-capita


Post-Katrina, the rate of entrepreneurship spiked and the New Orleans metro has
continued to outpace the nation since 2006. Residents who remained, returned, or
moved to New Orleans after the storm were more likely to start a business than preKatrina residents, and they were more likely to start a business than the residents in peer “weak city” metros or nationwide. During 2008-10, on average, 427 out of every 100,000
adults started up businesses annually in the New Orleans metro area, compared with
333 out of every 100,000 adults nationally and 281 out of every 100,000 adults in
“weak city” metro peers. Before Katrina, entrepreneurship in the New Orleans metro
lagged the nation just as it did in “weak city” metros in general. But entrepreneurship
jumped from 218 out of every 100,000 adults starting up businesses during 2003-
05 to 350 out of every 100,000 adults starting up businesses during 2005-07, and
entrepreneurship in the New Orleans metro has remained well above the national
average ever since.