section_path: Economy/Business
section_name: Business
paragraph_text: Business
  
  The city is the home to a single Fortune 500 company: Entergy, a power generation utility and nuclear power plant operations specialist. After Katrina, the city lost its other Fortune 500 company, Freeport-McMoRan, when it merged its copper and gold exploration unit with an Arizona company and relocated that division to Phoenix. Its McMoRan Exploration affiliate remains headquartered in New Orleans.
  
  Companies with significant operations or headquarters in New Orleans include: Pan American Life Insurance, Pool Corp, Rolls-Royce, Newpark Resources, AT&T, TurboSquid, iSeatz, IBM, Navtech, Superior Energy Services, Textron Marine & Land Systems, McDermott International, Pellerin Milnor, Lockheed Martin, Imperial Trading, Laitram, Harrah's Entertainment, Stewart Enterprises, Edison Chouest Offshore, Zatarain's, Waldemar S. Nelson & Co., Whitney National Bank, Capital One, Tidewater Marine, Popeyes Chicken & Biscuits, Parsons Brinckerhoff, MWH Global, CH2M Hill, Energy Partners Ltd, The Receivables Exchange, GE Capital, and Smoothie King.
  
  Entrepreneurship is encouraged, with a number of initiatives designed to support small business and start-ups, including Entrepreneurs' Row and the New Orleans Startup Fund.