‘Time’ takes note of Louisiana’s growing startup culture

A new feature out today from Time magazine, titled “How Louisiana Is Luring Startups,” dissects the way a natural disaster, a new economic development approach and a generous tax incentive package have led to a bona fide boom in Bayou State entrepreneurialism. “While Louisiana’s recovery is by no means complete—it’s still one of the poorest states in the nation and New Orleans’ Lower Ninth Ward remains a ghost town—a new culture of entrepreneurship is taking root not just in the Crescent City, but in other urban pockets around the state as well,” the article says. Citing research from the Kauffman Foundation, Time says entrepreneurship in the state is 46% higher than it was a decade ago, with 410 out of every 100,000 adults creating new businesses there each year. Louisiana now ranks seventh in the nation in entrepreneurial activity, up from 24th place between 1999 and 2001. Check out the full story from Time here; and read the 225 March cover story on Baton Rouge’s rising startup culture here.