#37 Louisiana


#31 in Taxation and Regulation

#46 in Workforce Quality

#46 in Living Environment

Right to Work?

Regional Profile – Southeast

STATE
OVERALL REGIONAL RANK
TAXATION & REGULATION REGIONAL RANK
WORKFORCE QUALITY REGIONAL RANK
LIVING ENVIRONMENT REGIONAL RANK
Alabama
7
6
7
8
Florida
1
2
6
5
Georgia
5
4
2
3
Kentucky
8
7
8
7
Louisiana
10
9
9
9
Mississippi
11
10
10
11
North Carolina
2
5
3
1
South Carolina
4
3
5
2
Tennessee
3
1
1
4
Virginia
6
8
4
6
West Virginia
9
11
11
10

Key Industries

Advanced Manufacturing, Aerospace, Agribusiness, Automotive, Energy, Entertainment, Processing, Software, Water Management

Key Companies

CenturyLink

Conrad Industries

IberiaBank

Shaw Group

Turner Industries

Advantages

The Ernest N. Morial Convention Center is planning a 1,200-room hotel and entertainment district upriver. This could help drive new business to New Orleans.

Gov. John Bel Edwards on Wednesday signed an executive order extending protection to state employees and contractors against discrimination based on sexual orientation or gender identity. It also bans state agencies from discriminating in the services they provide.

Challenges

The Louisiana House also gave the convention center taxing authority to pay for the planned expansion.

The Louisiana treasury has continued to pay out more to corporations in tax rebates this year than it has collected from them in tax receipts, according to the Dept. of Revenue.

Key Contacts

Economic Development

Don Pierson, Secretary
225-342-0107
1051 North Third Street
Baton Rouge, LA 70802-5239

Don.Pierson@la.gov
http://www.opportunitylouisiana.com/

CEO Comments

“The Louisiana litigation environment is awful; tort and legacy liability litigation appears to be a major industry.”

Current Developments

2015 Regional Report: The Southeast
October 8, 2015

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No 27: Louisiana

No. 27

Louisiana

Taxation and Regulations
Workforce Quality
Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
Taxation and Regulations
  • State Corporate Income Tax Rate: 8%
  • Highest Personal Income Tax Rate: 6%
Workforce Quality
  • % with High School diploma or more: 81.2
  • % with Bachelor’s degree or more: 20.3
  • % with Advanced degree or more: 6.5
  • Patents per 100K: 6.77
  • % of Employed Represented by Unions: 5.5
Quality of Life
  • Hopsitals per 10K: 0.281
  • Elementary/Secondary Schools per 1000 people: 0.343
  • Violent Crimes per 100K: 666.05
Key Companies
  • Energy
  • Shaw Group
  • CenturyLink
  • Albemarle
Other Highlights
  • Louisiana rose to #27 from #40 in 2010 — the state took #44 in 2009
  • Louisiana ranks 17th in state debt per capita with $3914

Sources:
TaxFoundation.org
Statemaster.com
Bureau of Labor Statistics
U.S. Census Bureau
U.S. Patent and Trademark Office
The National Center for Public Policy and Higher Education