There are way more than three reasons it’s great to live in New Orleans (example: Mardi Gras, Saints season, the history, the architecture, the food!) – but we’re particularly excited about the recent news from Business Facilities’ latest “Annual Rankings Report.” In the report, NOLA scored near the very top of national rankings like the lowest cost of business and places for leaders in entrepreneurship. Check out these three incredible rankings and what they mean for Greater New Orleans below.
New Orleans ranked second for having the lowest cost of business for mid-size regions in the entire country. This means that for cities with populations between 750,000 and 2 million people, New Orleans proved a competitive and affordable place to do business, beating out spots like Albuquerque, Nashville, and Memphis. What’s more, our overall region showed serious business prowess, with Baton Rouge taking the top spot.
Salt Lake City just barely edged out New Orleans, who came in second for mid-size regions absolutely thriving in entrepreneurship. With annual programming like the city’s annual Entrepreneur Week in mind, in addition to startups in biotech, mobile devices, software, education, and more, it’s easy to see why New Orleans clocked in toward the very top.
Business Facilities determined its logistics leaders by considering a number of factors related to transportation. Cities able to support a wide variety of transportation — including air travel, land, water, and rail — ended up in the top spots. Where did the Crescent City fall? Second place again! With massive airport expansions plus continued excellence in shipping and rail, New Orleans was a natural fit for a top logistics leader.
1st Lake Properties offers distinct, award-winning communities perfect for you to make your home in the Crescent City. Check out a few reasons why it’s great to be a 1st Lake resident, and contact us today for more information!