As the historical center of commerce in the region, it’s no surprise that New Orleans boasts unparalleled business infrastructure to set the foundation for incredible economic opportunities. The city is home to the deep-water Port of New Orleans, one of the nation’s fastest growing airports, six Class I railroads and five major interstate highways to efficiently and cost-effectively transport your assets anywhere in the world.
A major seaport, New Orleans boasts one of the world’s top cargo transportation systems. The Port of New Orleans is now the fourth-largest port in the U.S.
Port NOLA now reaches 58 global ports of call directly and more than 450 ports via transshipment with containerized and breakbulk cargo.
Louis Armstrong New Orleans International Airport (MSY) includes America’s newest terminal and direct flights to cities worldwide.
The completion of the new $1.3 billion terminal makes New Orleans the first major American city in a decade to replace its airport terminal.
Throughout the last ten years, the airport increased in traffic by 60 percent, making New Orleans the third fastest-growing airport in America. Here costs per passenger are lower than the average of similarly sized airports.
AdvancingCities is a $500 million, five-year initiative launched by JP Morgan Chase to drive inclusive growth and create greater economic opportunity in cities across the world. New Orleans was selected through a competitive RFP process and awarded $5 million for a three-year grant that began in 2020.
The City of New Orleans, along with the Industrial Development Board, also may provide incentives for specific projects. The City is empowered to offer Restoration Tax Abatements or other discretionary incentives for qualifying projects, and the Industrial Development Board may offer a Payment in Lieu of Taxes (PILOT).
The New Orleans Business Alliance provides third-party financial analysis for projects seeking public support and can assist developers seeking appropriate local and state-level incentive programs.