New Orleans Business News
Discover the vibrant economic landscape of New Orleans, LA, on our Business News page, your ultimate resource for the latest updates and insights in the Crescent City’s dynamic business community. Delve into articles on entrepreneurship, economic development, and industry trends that shape New Orleans’ diverse economy, from tourism and hospitality to technology and maritime. Stay informed about local startups, major corporate investments, and innovative business strategies driving growth in the region. Our coverage includes expert analysis of market trends, profiles of influential business leaders, and in-depth reports on the policies that impact enterprises in the Greater New Orleans area. Whether you’re an investor, entrepreneur, or business enthusiast, our New Orleans Business News page is your gateway to understanding the opportunities and challenges in this culturally rich and economically evolving city.
BUSINESS NEWS
Buc-ee’s Opens First Store in Mississippi
News Summary Buc-ee’s, the Texas-based convenience store chain, has opened its first Mississippi location in Pass Christian. The 74,000 square-foot store features over 120 gas pumps and a vast selection...
Louisiana Farm Bureau Offers Most Affordable Car Insurance in New Orleans
News Summary Louisiana Farm Bureau has been recognized for providing the most affordable auto insurance options in New Orleans, with liability coverage starting at $62 per month and full coverage...
Gray Media Extends Partnership with New Orleans Saints
News Summary Gray Media has secured a five-year extension of its broadcasting partnership with the New Orleans Saints, ensuring comprehensive coverage through the 2029 NFL season. Under the renewed agreement,...
Wave of Restaurant and Bar Closures Hits New Orleans
News Summary New Orleans is facing a challenging period with nearly 20 restaurants and bars closing by mid-2025. Notable closures include Chef Nina Compton’s Bywater American Bistro, highlighting the struggles...
Louisiana Unveils $2 Billion Plan to Strengthen Power Grid
News Summary State energy leaders in New Orleans have announced a transformative $2 billion initiative aimed at enhancing the resilience of Louisiana’s power grid to withstand climate challenges. The initiative,...
Rethinking the Value of a Bachelor’s Degree
News Summary A recent shift in perspectives on the value of a bachelor’s degree is reshaping the job market, with some companies dropping degree requirements and new legislation emerging in...
New Orleans Secures Funding for LIV Golf Tournament
News Summary The Louisiana Senate Finance Committee has approved $7 million in public funding to attract the LIV Golf tournament to New Orleans. This funding aims to enhance the Bayou...
Challenges Faced by New Orleans Restaurants This Summer
News Summary New Orleans restaurants are anticipating a difficult summer as many face declining business following recent closures worsened by the COVID-19 pandemic. Despite a surprising surge in customers at...
Zero Latency Grand Opening in New Orleans
News Summary New Orleans is gearing up for the grand opening of Zero Latency, a global leader in free-roam virtual reality entertainment, on May 30. This event promises cutting-edge VR...
Finance
Orleans Parish School Board to Auction Historic Properties
News Summary The Orleans Parish School Board will auction seven properties, including the historic L.E. Rabouin Memorial School, on April 30, 2025, amidst a $50 million budget deficit. The previous...
New Orleans Faces Economic Uncertainty with Upcoming Tariffs
News Summary New Orleans businesses are concerned about the economic implications of President Trump’s recently announced 10% tariff on imports. Local industries reliant on international trade may experience price hikes,...
Upcoming Auction for Historic Properties in New Orleans
News Summary On April 30, 2025, the Orleans Parish School Board will auction seven unique properties in New Orleans, including the iconic L.E. Rabouin Memorial School. The auction aims to...
Adams & Reese Law Firm Celebrates Major Rebrand and Expansion
News Summary Adams & Reese, a prominent law firm based in New Orleans, has announced a significant rebranding as it marks 75 years of service. The firm has expanded to...
New Orleans Office Market Shows Resilience in 2024
News Summary As we approach the end of 2024, New Orleans’ office market continues to demonstrate resilience, with downtown occupancy rates holding steady at 79%. Excluding long-vacant buildings, the occupancy...
New Orleans Business Landscape Thrives in 2024
News Summary The business scene in New Orleans is experiencing significant growth in 2024, with enhancements in tourism, job opportunities, and innovative entrepreneurship. Recent reports highlight a booming tourism sector...
New Orleans Firm Secures $210 Million Fundraise
News Summary Carr’s Hill Capital Partners, based in New Orleans, has successfully raised $210 million in its inaugural fund, surpassing its original target of $175 million. The firm, which focuses...
Rising Insurance Costs and Economic Uncertainty Impact New Orleans Housing Market
News Summary New Orleans is facing significant challenges in its housing market due to rising insurance costs and economic uncertainties. The median home price gap is widening, exacerbated by potential...
New Orleans Residents Rally Against Proposed Hotel Development
News Summary Residents of New Orleans’ Faubourg Marigny neighborhood are uniting against the proposed five-story hotel, The Elysian, fearing it could disrupt the historic character of their community. Over 600...
CONSTRUCTION
Woodside Energy Invests $17.5 Billion in LNG Facility in Louisiana
News Summary Woodside Energy has announced a significant $17.5 billion investment in a liquefied natural gas (LNG) production and export facility in Calcasieu Parish, Louisiana. This project, the largest foreign...
New Orleans Faces Economic Uncertainty with Upcoming Tariffs
News Summary New Orleans businesses are concerned about the economic implications of President Trump’s recently announced 10% tariff on imports. Local industries reliant on international trade may experience price hikes,...
Renovation Projects Transforming New Orleans
News Summary New Orleans is undergoing a wave of exciting renovation and construction projects, set to enhance several key areas throughout the city. From major hotel upgrades to the reuse...
New Orleans Breaks Ground on Affordable Housing Grove Place II
News Summary New Orleans is celebrating the groundbreaking of Grove Place II, which will provide 36 affordable homes in the Hollygrove neighborhood. Led by the Black-owned New Orleans Restoration Properties,...
New Orleans Sees Economic Growth Amid Super Bowl Preparations
News Summary New Orleans is experiencing significant economic growth as it prepares for the Super Bowl on February 9, 2025. With an expected influx of over 70,000 out-of-state visitors, local...
New Orleans Office Market Shows Resilience Amid Challenges
News Summary The New Orleans office market has demonstrated resilience despite the ongoing challenges posed by the COVID-19 pandemic and the rise of remote work. The latest 2024 Greater New...
2024 Greater New Orleans Jobs Report Highlights Economic Shifts
News Summary The 2024 Greater New Orleans Jobs Report reveals significant employment trends, highlighting growth in sectors like digital media and healthcare while addressing challenges in traditional industries such as...
Transformative Redevelopment at 1010 Commons St. in New Orleans
News Summary New Orleans is set to undergo significant changes with the redevelopment of 1010 Commons St. in the Central Business District. A $76 million renovation will convert the office...
New Orleans Embraces a New E-commerce Aggregates Platform
News Summary Benson Capital Partners invests in Hello Gravel, a revolutionary e-commerce platform poised to transform how aggregates like gravel and sand are purchased in New Orleans. Targeting a diverse...
Marketing
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Real Estate
Revitalization Plans for Bayou St. John with Lafitte Market
News Summary New Orleans is gearing up for a transformative development as Sidney Torres IV collaborates with Paul Flower and Bill Hoffman on a $160 million mixed-use project near Bayou...
New Orleans Enhances Security Measures for Super Bowl LIX
News Summary In preparation for Super Bowl LIX, New Orleans is ramping up public safety by hiring former NYPD commissioner Bill Bratton to assess and improve terrorism prevention protocols. This...
Seth Knudsen Appointed New President and CEO of DDD New Orleans
News Summary Seth Knudsen has been appointed as the new President and CEO of the Downtown Development District (DDD) of New Orleans, taking over on May 6. With over 20...
East Jefferson Real Estate Transactions: April 25 to May 2
News Summary During the week of April 25 to May 2, East Jefferson’s real estate market experienced significant activity with numerous property transactions across various price ranges. Key highlights include...
Orleans Parish School Board to Auction Historic Properties
News Summary The Orleans Parish School Board will auction seven properties, including the historic L.E. Rabouin Memorial School, on April 30, 2025, amidst a $50 million budget deficit. The previous...
Luxurious Historic Homes for Sale in New Orleans’ Golden Rectangle
News Summary As of May 2, 2025, New Orleans is showcasing a collection of luxurious historic homes in the desirable Golden Rectangle neighborhood. These homes blend classic architecture with modern...
Renovation Projects Transforming New Orleans
News Summary New Orleans is undergoing a wave of exciting renovation and construction projects, set to enhance several key areas throughout the city. From major hotel upgrades to the reuse...
New Orleans Affordable Housing Investment Announcement
News Summary The Menkiti Group and VPG have announced a partnership to enhance affordable housing in New Orleans by investing in the Arbor Place Apartments in Terrytown. With a commitment...
New Orleans Breaks Ground on Affordable Housing Grove Place II
News Summary New Orleans is celebrating the groundbreaking of Grove Place II, which will provide 36 affordable homes in the Hollygrove neighborhood. Led by the Black-owned New Orleans Restoration Properties,...
