Louisiana is the 13th Best State for Business 2012

No. 13 Louisiana Taxation and Regulations Workforce Quality Living Environment Based on CEO Survey by ChiefExecutive.net Key Metrics State GDP  [...]

May 2 2012 by ChiefExecutive.net


No 13: Louisiana

No. 13

Louisiana

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’07-’10: 5.29
  • % Growth ’07-’10 v. Nat’l Avg. (-0.33%): 5.62

Unemployment

  • Unemployment Rate Dec. 2011 %: 6.80
  • Comparison with Nat’l Rate (8.50%): -1.70

Domestic Migration

  • Domestic Net Migration ’00-’09: -311,368
  • Rank: 44

State Government

  • Debt per Capita Fiscal Year ’10 ($): 3,861
  • State & Local Gov’t Employees per 10k Residents: 605.08

State-Local Tax Burden

  • Rate (%): 8.18
  • Compared to Nat’l Avg. (9.8%): -1.62
Key Companies
  • Shaw Group
  • CenturyLink
  • Albemarle
Development Trend Indicator: Positive
Surge in business-friendliness continues with reforms in education and public pensions.
CEO Comments
“Louisiana: The incentives for companies to do business in Louisiana is tremendous. R&D Credits and Workforce incentives is why we will always keep our business based in Louisiana.”

“Louisiana’s business environment has improved 10 fold over the past 4 years since Governor Jindal took office. The tax rates, business grants and worker training programs are the best I have seen. This state is open for business!”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation