How Small-Business Growth And Entrepreneurship Have Powered New Orleans’ Post-Katrina Comeback

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How Small-Business Growth And Entrepreneurship Have Powered New Orleans’ Post-Katrina Comeback

Nearly 10 years ago, Hurricane Katrina shone a spotlight on the major challenges the greater New Orleans region had been facing for decades: high poverty, structural unemployment, major population declines, a non-diversified economy and migrating businesses. All this meant that in the 40 years preceding, the area had underperformed the national average in job creation by more than 40 percent.

Today, with our partners at GNO, Inc. and the NOLA Business Alliance, New Orleans is diversifying its economy, creating jobs in digital media and bioscience, and fostering an emerging environmental industry focused on coastal restoration and sustainability, all while sustaining foundational industries like energy, international trade, advanced manufacturing and hospitality.

Post-Katrina New Orleans has reversed decades of economic instability and transformed the area from worst to first on many lists, and the region is at the highest point of economic rankings in its history.


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