News Article

New Orleans startups increase staffing, funding and equity

December 13, 2023 –New Orleans area startups are staffing up and attracting more investment funding despite headwinds from higher interest rates, inflation and pessimism over the national economy, according to Tulane University’s 2023 Greater New Orleans Startup Report.

The report, compiled by the Albert Lepage Center for Entrepreneurship and Innovation at Tulane’s A. B. Freeman School of Business, is based on a survey of 116 startups across the 10-parish region from the second quarter of 2023. Now in its fifth year, the annual report has become the benchmark for tracking entrepreneurial activity throughout the New Orleans region.

The report found that 69% of companies were planning for new hires within the year, potentially signaling a more stable job market in the coming year. A record-low 22% of companies were unsure about hiring plans.

Read the full report here.