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Sunday, July 14, 2019

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Louisiana earns sixth consecutive Top 10 spot in publication’s rating of best states for business

Louisiana earns sixth consecutive Top 10 spot in publication’s rating of best states for business

BATON ROUGE — Site Selection magazine recently ranked Louisiana No. 4 in the magazine’s 2015 Top State Business Climate Rankings. It is the sixth consecutive Top 10 ranking for Louisiana in the annual Site Selection report and reinforces the state’s reputation as a top location for business investment and job creation.

Just six years ago, Louisiana ranked No. 25.

Site Selection bases its business climate ranking on a variety of factors. Half of the score results from a survey of corporate site selectors who are asked to rank the states based on their recent experience of locating facilities in them.

The other 50 percent is based on an index that includes total new projects year-to-date, both overall and per capita; state tax burdens on new and established companies; and performance in Site Selection’s annual Top Competitive States ranking.

Louisiana ranked No. 2 in 2014 and No. 6 in 2013 for Top Business Climate.

Since 2008, Louisiana has secured economic development wins that are resulting in more than 91,000 new jobs, more than $62 billion in new capital investment and hundreds of millions of dollars in new sales for small businesses across the state.

Earlier this year, Business Facilities magazine ranked Louisiana No. 3 in the U.S. in its Best Business Climates ranking, and Area Development magazine placed Louisiana No. 8 in its Top States for Doing Business ranking, the fifth consecutive Top 10 ranking for Louisiana in that annual report.

Louisiana now places higher in all national business climate rankings than it ever did prior to 2008. In five national business climate rankings – those published by Area Development, Business Facilities, Chief Executive, Site Selection and international location marketing firm DCI – Louisiana now ranks among the Top 10 states in the U.S. Site Selection named Louisiana Economic Development the No. 2 state economic development agency in the nation in May 2015, which reflected the Top Competitive States ranking for 2014 performance.