Although New Orleans isn’t the capital of Louisiana, it is that largest city within the metropolitan area of Louisiana. It is also a major port in the United States. The city has many different nicknames: “The Crescent”, “The Big Easy”, “The City that Care Forgot”, “Nawlins”, and “NOLA (New Orleans, Louisiana)”. New Orleans is famous for its French-style architecture, food, music, cross culture, multilingual heritage, and festivals (Mardi Gras). Some people refer to New Orleans as the most unique city in the United States.
One of the busiest and largest ports in the world is New Orleans. A huge chunk of the oil refining and petrochemical production takes place in the New Orleans region in the United States. A corporate base for onshore and offshore gas production (petroleum and natural) is also a part of New Orleans. Higher learning is also a major part of the economy in New Orleans. There are 11 two-year and four-year granting institutions within the whole area. And, in those institutions, there are more than 50,000 students enrolled in them. New Orleans is also home to Tulane University, which ranks within the top 50 research universities.
New Orleans was created, strategically speaking, to act as a trading entrepot, which it still is. It is the 5th largest port in the United States, according to the total volume of the cargo that is handled there. But, in sheer size, it is the second-largest, behind the Port of South Louisiana. Because of this, many marine-related companies, such as shipbuilding, shipping, commodity brokerage firms, logistics, and freight forwarding entities have a huge presence within the economy of New Orleans. Such companies include: Trinity Yachts, Bollinger Shipyards, INTT, and Inter marine.
Other companies, such as Folgers, are located and operate within New Orleans. Folgers operates the plant in New Orleans, which happens to be the largest in the entire world. Since New Orleans is right off of the shore of the Gulf of Mexico, many oil rigs are set up for oil production in New Orleans. There is only one Fortune 500 company that is present in New Orleans: Energy, which is a specialist in nuclear power operations and a power generation utility. There used to be another Fortune 500 company in New Orleans, but it was lost during Hurricane Katrina (Freeport-McMoRan). The lost company still remains headquartered in New Orleans though.
Another staple in the economy of New Orleans is tourism. IT accounts for about 40% ($5.5 billion) of the tax revenues in New Orleans. This industry employs tens of thousands of people in the New Orleans area. To keep the travel industry in New Orleans prevalent, annual convention are held to promote the cultural and economic development of New Orleans.
The federal government also has a presence in New Orleans with the Michoud Assembly Facility, owned by NASA. This facility is involved with the production of space shuttles. With booming industries in waterborne commerce, oil, and tourism, there are planet of employment opportunities in New Orleans.