This message is approved by the South Coast Angel Fund and may not be duplicated.
New Orleans is reinvigorated and bustling with business opportunities since Hurricane Katrina six years ago making it a true comeback city. Due in large part to a growing entrepreneurship community and organizations like South Coast fostering start-up innovators, the city is reinventing a “new” New Orleans. Bioscience, digital media, and high-tech are the signature industries leading the way as New Orleans rebuilds while becoming one of the hottest start-up cities in the country.
New Orleans is a hotbed for entrepreneurial activity. The media site Under30CEO recently provided 25 reasons why the city is one of the best in the U.S. for young entrepreneurs. The BioInnovation Center, a biotech incubator where South Coast is located, found its way on the list as did many newly launched entrepreneur focused initiatives, events, and organizations.
From competitions (PitchNola, Tulane Business Plan Competition, Entrepreneurship Week) to collaborative workspaces (Launch Pad, The Building Block, Icehouse, BioInnovation Center), New Orleans is finding ways to cultivate talent and ideas for the future. The city’s culture, low cost of living, and lifestyle have always lured outsiders to the city, but recent tax incentives and economic development across Louisiana are keeping them as well as their businesses here.
South Coast Angel Fund looks to be another reason start-ups and early-stage businesses remain in the Gulf Coast region. The Angel Fund member’s capital, resources, and expertise should provide added incentive to start-ups and help rebuild New Orleans while the city maintains the newly established position as one of the best places for entrepreneurship.