Categories: Best & Worst States for Business

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 % 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 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!”

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

Chief Executive

Chief Executive magazine (published since 1977) is the definitive source that CEOs turn to for insight and ideas that help increase their effectiveness and grow their business. Chief Executive Group also produces e-newsletters and online content at chiefexecutive.net and manages Chief Executive Network and other executive peer groups, as well as conferences and roundtables that enable top corporate officers to discuss key subjects and share their experiences within a community of peers. Chief Executive facilitates the annual “CEO of the Year,” a prestigious honor bestowed upon an outstanding corporate leader, nominated and selected by a group of peers, and is known throughout the U.S. and elsewhere for its annual ranking of Best & Worst States for Business. Visit www.chiefexecutive.net for more information.