Promoting Economic Growth

The mission of the Office of Economic Development is toencourage inclusive economic growth and economic mobility by creating new jobs, revitalizing neighborhoods, investing in people and in priority industries, and creating systems to thrive. We envision a vibrant, equitable, and inclusive city where all New Orleanians—at every stage of their lives and in every neighborhood—enjoy access to economic opportunity, quality jobs, and a high quality of life for themselves and their families.

Toolkit for Road Construction 

 

Notice of Funding Availability

The Office of Economic Development is pleased to announce a Notice of Funding Availability (NOFA) for programs that promote economic mobility in our community. The project, entitled Economic Mobility in Motion: Moving New Orleanians Forward, is funded by the American Rescue Plan Act (ARPA). 

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Bussiness Services serves as a liaison between city government, local entrepreneurs and bussiness owners.

DevelopNOLA Tools is a set of tools to help developers idenitfy elgibility for incentives for development.

The New Orleans Business Alliance (NOLA BA) is the official non-profit organization tasked with leading economic development initiatives for the City of New Orleans.

A plan for all New Orleanians to thrive

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Office of Economic Development

(504) 658-4904 (504) 658-4918
1300 Perdido Suite 1800 New Orleans, LA 70112

Business Information Sessions

Programs & Initiatives
Tax Incentive Programs

The City of New Orleans is committed to supporting the growth and success of businesses within the city, recognizing their vital role in strengthening the local economy and improving the quality of life for residents. To achieve this goal, the City offers a range of incentive programs designed to help businesses expand, relocate, or retain their operations in New Orleans.

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Programs & Initiatives
Industrial Tax Exemption Program

The Industrial Tax Exemption Program (ITEP) is a powerful tool designed to attract and retain manufacturing investments in New Orleans. This program offers a local property tax exemption on qualifying investments, including land improvements, buildings, machinery, equipment, and any other property integral to the manufacturing process.

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Programs & Initiatives
Restoration Tax Abatement (RTA) Program

The Restoration Tax Abatement (RTA) Program provides to commercial property owners and homeowners who expand, restore, improve, or develop an existing structure in a downtown development district.

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Programs & Initiatives
Quality Jobs Program

The Quality Jobs Program provides a refundable tax credit as an incentive to encourage the targeted businesses to locate in Louisiana, create quality jobs, and to promote economic development.

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Programs & Initiatives
Enterprise Zone

The Enterprise Zone program is a package of tax credits and sales tax rebates available to businesses locating in officially designated Enterprise Zones and Economic Development Zones

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Economic Development
Topics

Economic Development
Latest News

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April 19, 2024 | From City of New Orleans

City of New Orleans Partners with UJAMAA Economic Development Corporation to Celebrate Completion of Claiborne Corridor Cultural Innovation District Marketplace

 On Wednesday, April 17, the City of New Orleans joined Ujamaa Economic Development Corporation, to celebrate the completion of phase one of the Claiborne Cultural Innovation District (CID), “Backatown Plaza.” The CDI is an area underneath the I-10 expressway along North Claiborne Avenue between Toulouse Street and Orleans Avenue, and phase one stretches from Saint Louis Street to Orleans Avenue. This space is designed to serve as an economic and cultural haven for residents along the Claiborne Corridor.  

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February 27, 2024 | From City of New Orleans

CITY OF NEW ORLEANS ANNOUNCES NEW RESOURCES FOR HISPANIC ENTREPRENEURS IN PARTNERSHIP WITH EL CENTRO, NATIONAL LEAGUE OF CITIES

The City of New Orleans today announced new resources available for entrepreneurs through a partnership with El Centro, a New Orleans-based non-profit fostering the economic mobility of Latinos in South Louisiana by providing culturally competent business and financial coaching in Spanish. These resources include video and text tutorials on how to obtain occupational and sales tax licenses.

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July 13, 2022 | From City of New Orleans

CITY OF NEW ORLEANS ANNOUNCES OFFICIAL SITE CLOSURE OF OLD NAVAL BASE IN BYWATER NEIGHBORHOOD

On Monday, July 11, the City of New Orleans, in partnership with the developer of this property, began to fully secure and close the site of the old Naval Base for redevelopment. Once complete, the redeveloped site will provide 295 housing units and more than 40,000 square feet of retail and commercial space.

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June 14, 2022 | From City of New Orleans

CITY RECEIVES $155 MILLION INVESTMENT IN FEDERAL FUNDING

After months of negotiation and dialogue with community residents, the City of New Orleans today announced it has received $155 million in federal funding under the American Rescue Plan Act (ARPA). 

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