New Orleans

Review the Business Climate

How it's done

The business climate is the general economic environment that local businesses operate in. Reviewing and understanding the local business climate provides valuable insights about the economy, costs, risks, and incentives that may impact the success of your business. This activity will guide you to better understand the business climate in New Orleans and help you answer the following fundamental questions.

What is the business climate in New Orleans?

We have compiled the most important aspects of New Orleans’s business climate as an interactive dashboard below. This dashboard provides valuable economic, resident, household, dwelling and development indicators that may influence the success of your business.

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Resident Indicator Population Growth Chart

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What costs and assistance should I know about?

Whether you have a new or existing business it is critical to be aware of costs, incentives and grants that impact your business. This dashboard provides you with a snapshot of the major costs of conducting business in New Orleans and assistance available to New Orleans businesses.

  • Some businesses are required to register, obtain a license, and collect and remit taxes to the Bureau of Revenue - Sales Tax. These businesses will be mailed tax returns each month and will be required to remit the taxes to the Bureau of Revenue by the 20th of the month following the month of collection. For more information click here
  • There are three easy ways to pay your sales taxes online. The websites are secure, reliable, and will save you time. You do not have to calculate the amount of tax due. These websites calculate the taxes due automatically. For detailed information on how to pay your taxes online click here, or visit the city’s Bureau of Treasury.

The State of Louisiana Department of Revenue has a guide to the state tax obligations of specific industries.

  • Recording your Business Name (page 1) and Filing Fee Information
    • The fee to file is $50 for 1st page and $15 for each additional page on legal paper, and $65 for 1st page and $15 for each additional page on letter paper.
  • Occupational License Application
    • Sec. 150-969. Businesses where licenses are based on flat fees. The following types of business shall obtain an annual license based on the flat fee designated hereafter.
      • (j) All other businesses. For all businesses not otherwise covered by or specifically exempted under this article, including, but not limited, to printers, lithographers, attorneys-at-law, accountants, oculists, physicians, osteopaths, dentists, chiropodists, bacteriologists, veterinarians, chemists, architects, and civil, mechanical, chemical, or electrical engineers engaged in the practice of their profession as an individual, or as a firm, partnership, or corporation, the license shall be 0.10 percent of the annual gross receipts for professional fees for services rendered by the taxpayer, with a minimum tax of $50.00 and a maximum tax of $2,000.00. The tax levied herein shall be levied only on the business and not separately on any individual who is employed by or is a member of the taxpayer which conducts its business as a firm, partnership, or corporation.
    • The Occupational License tax is based on a sliding scale according to the revenue generated by the business. A new business must pay a tentative tax equivalent to the minimum tax associated with the scale for that type of business. Most licenses are an initial fee of $50.00. After a month or so of operation, the business will receive an Amended Application from the City. Its purpose is to compute the balance of the tax, if any, due to the City for the year.
  • Building Permit Fees and Process
    • The fee associated with obtaining a building permit is as follows: $60 plus $5 per $1,000 of work to be performed.
      • If plans are required, there is a plan review fee of $1 per $1,000 of work to be performed
      • If a property is within a local historic district (property subject to additional regulations by VCC or HDLC), there is a 50% surcharge on the permit fee.
      • New Construction
      • Renovation
  • Certification of Occupancy Process
    • It may be necessary to obtain a new Certificate of Occupancy on an existing building if the use of the space changes, the building has been vacant for 6-months or more, or the building does not meet current code standards. If all that is required is a new Certificate of Occupancy, the fee is $190 and the application for the Certificate of Occupancy may be made through the Permit Processing Division of the Department of Safety & Permits.
  • Home Occupations

The Louisiana Workforce Commission has more information on our labor market and industry landscape.

Private, NAICS Sectors, Orleans Parish, Louisiana
2016 Annual Averages, All establishment sizes
Source: Quarterly Census of Employment and Wages - Bureau of Labor Statistics

NAICS Sector Annual Wages per Employee
NAICS 11 Agriculture, forestry, fishing and hunting$84,161
NAICS 21 Mining, quarrying, and oil and gas extraction$213,868
NAICS 22 Utilities$111,009
NAICS 23 Construction$55,094
NAICS 31-33 Manufacturing$66,354
NAICS 42 Wholesale trade$69,282
NAICS 44-45 Retail trade$27,807
NAICS 48-49 Transportation and warehousing$54,552
NAICS 51 Information$58,398
NAICS 52 Finance and insurance$104,884
NAICS 53 Real estate and rental and leasing$43,087
NAICS 54 Professional and technical services$84,171
NAICS 55 Management of companies and enterprises$99,147
NAICS 56 Administrative and waste services$38,632
NAICS 61 Educational services$50,472
NAICS 62 Health care and social assistance$46,163
NAICS 71 Arts, entertainment, and recreation$29,123
NAICS 72 Accommodation and food services$25,759
NAICS 81 Other services, except public administration$35,650
NAICS 99 Unclassified$35,459

The table below provides the living wage requirements in Orleans Parish, Louisiana. The data is sourced from the Living Wage Calculator created by Dr. Amy K. Glasmeier at MIT. It is a market-based approach that draws upon geographically specific expenditure data related to a family’s likely minimum food, childcare, health insurance, housing, transportation, and other necessities (e.g. clothing, personal care items, etc.) costs.

The living wage draws on these cost elements and the rough effects of income and payroll taxes to determine the minimum employment earnings necessary to meet a family’s basic needs while also maintaining self-sufficiency.

For Orleans Parish, click here

Household Composition Living Wage
1 Adult$11.29
1 Adult 1 Child$22.89
1 Adult 2 Children$26.52
1 Adult 3 Children$31.47
2 Adults (1 Working)$18.38
2 Adults (1 Working) 1 Child$23.3
2 Adults (1 Working) 2 Children$25.74
2 Adults (1 Working) 3 Children$28.19
2 Adults (1 Working Part Time) 1 Child*$13
2 Adults$9.19
2 Adults 1 Child$13
2 Adults 2 Children$14.54
2 Adults 3 Children$16.1

How do I use this information?

Having access to business climate statistics and information is one thing, but it's quite another to use data effectively and in a way that will benefit your business. This next section will help you do just that. Learn how to use this information to make better business decisions.

Monitor the local business climate

On-going assessment of the business climate is an essential part of operating a competitive business. In any business climate, there are numerous factors outside your control that will impact your business, both positively and negatively. The health of the economy impacts all businesses, but small businesses usually feel the effect of economic changes faster than big businesses. Improvements in the economy typically provide a rapid increase in new opportunities for small businesses, while an economic downturn can have a significant and prolonged negative impact.

Unfortunately, you can’t influence the economy, but you can monitor the business climate indicators provided above and then take the necessary actions to minimise risks to your business. Staying up to date with the business climate can also help you identify new opportunities that your business can take advantage of.

Know your costs

All industries are unique and incur different types of costs when starting or operating. Understanding these costs is essential when it comes to setting prices, budgeting and planning for growth or downturns. We’ve provided some of the local costs associated with taxes, development and labor that often get overlooked by businesses. There may be other municipal and state costs that apply to your business so we encourage you to contact us to find out more.

Where can I learn more about the business climate?

While we are providing you with a range of valuable information about the business climate, the fact is that there's much more available. In this section we provide you with links to other websites that will supplement our information and help to keep your finger on the pulse.

There may also be other municipal and state costs that apply to your business so we encourage you to contact us to find out more.

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New Orleans Business Alliance
504-934-4500
nolabit@nolaba.org

935 Gravier St, New Orleans, LA