Louisiana's Business Climate Earns Highest Ranking Ever
BATON ROUGE, La. – Site Selection magazine magazine today ranked Louisiana the No. 7 business climate in the country – the state’s highest ranking ever. The overall business climate ranking improves Louisiana’s standing from No. 9 in 2010 and No. 25 in 2009.
In the half-dozen categories used to generate the business climate rankings, Louisiana ranked No. 1 in the U.S. for per capita project expansions, No. 1 in competitiveness, and No. 3 in new projects attracted so far in 2011.
Gov. Bobby Jindal said, “Since day one, we have made economic development our top priority by cutting taxes, revamping workforce training, and reforming our ethics code. These changes have helped transform the way businesses view Louisiana and that’s why our economy is outperforming the South and the nation. The bottom line is that Louisiana has become one of the best places in the country for businesses to create jobs, but we’ve got more work to do. Moving up to seventh best in the country is a great sign of our progress, but we will not rest until Louisiana is the number one place in the world for businesses to create jobs for our people.”
Louisiana also was the most improved state in Site Selection's ranking of top business climates in 2010 when the state jumped from No. 25 to No. 9. The Site Selection ranking follows Louisiana’s highest-ever business climate ranking in September from Area Development magazine. That publication surveyed site selection consultants who collectively ranked Louisiana No. 6 in the magazine’s Top States for Doing Business report. Over the last few years, Louisiana has moved up significantly in every national ranking of state business climates, including those published by Area Development, Beacon Hill Institute, Business Facilities magazine, Chief Executive magazine, CNBC, Forbes, Pollina Corporate Real Estate and Site Selection.
Louisiana now stands at its highest-ever position on every national ranking of state business climates. Three of those national rankings (Area Development, Business Facilities and Site Selection) now rank Louisiana among the Top 10 states for business in the U.S.
Since 2008, Louisiana Economic Development has secured economic development projects that are creating more than 45,000 new jobs, more than $10 billion in capital investment and hundreds of millions of dollars in new sales for small businesses across the state.
Louisiana Economic Development Secretary Stephen Moret said, “We are delighted that Louisiana has moved up to its highest ever position on every national ranking of state business climates. That means that even more companies will become aware of all that we have to offer in Louisiana, which ultimately will result in even more attractive job opportunities for Louisiana citizens. Louisiana’s brightest days are ahead of us. We are just getting started.”
About Site Selection
Site Selection, the official publication of the Industrial Asset Management Council , is published six times annually and distributed to more than 44,000 executives responsible for site selection and facility planning decisions around the world. For more information, visit www.siteselection.com.