Doing Business in Lafayette, LA
It’s Lafayette’s wildcatter mentality, our entrepreneurial spirit, that makes the area unique.
Entrepreneurs have created a progressive business community in Lafayette. In fact, Lafayette has been recognized as one of the best cities in the nation for start-ups and entrepreneurs by multiple media outlets.
Based on data from the U.S. Census Bureau, 7.4% of adults are self-employed in Lafayette—that places Lafayette second out of 11 southern metro areas studied in the Lafayette Benchmarking Report. Lafayette also ranks first for the number of small businesses, less than 20 employees, per 1,000 population. What do these numbers mean? They mean the entrepreneurial spirit is alive and well in Lafayette.
Opportunity Machine, Lafayette’s Center for Entrepreneurs, provides business education, guidance and risk reduction to startup founders and small business owners through training, mentorship, networking, and affordable workspace. The OM’s new facility— a 20,000-square-foot Innovation Center in Downtown Lafayette— is currently under renovation with an anticipated opening in 2021.
Visit OM Site
Resources for Entrepreneurs
The Louisiana Small Business Development Center at UL Lafayette is an award-winning center with a highly qualified team of consultants who have been recognized by their peers for their top-quality consulting services. Since opening its doors in 1983, the Center has established a solid reputation as an effective business assistance agency in the community, eager to help small businesses prosper.
Visit LSBDC Site