When startups grow in Louisiana, they're in good company. Louisiana has a rich history of fostering young businesses, some of whom eventually evolved into large companies.
Delta Air Lines, for instance, was born in Louisiana in 1924 as an aerial crop-dusting operation. It became a commercial passenger carrier in 1929 with service beginning out of Atlanta. And the nation's first offshore oilwell was set up in Caddo Lake in northwest Louisiana.
Many startups are attracted to Louisiana's traditional fishing and oil and gas industries, but the state's growing technology, life sciences, music and entertainment sectors also are luring new businesses, said Scott Martinez, president of the North Louisiana Economic Partnership.
"There's a 'coolness' factor inherent to many parts of Louisiana that's particularly appealing to the music, film and arts communities," said Martinez.
The city of Shreveport in particular is quickly becoming the epicenter of Louisiana's growing film industry; startups in the field enjoy sales tax rebates and other local incentives. Entrepreneurs in the state can take advantage of affordable living costs and low taxes too.
These metro areas rate highest for ease of starting a business, government support of entrepreneurs, and more, according to a recent Thumbtack survey of more than 8,000 small businesses.