Louisiana Moves Up Three Places to Become the Seventh Best State for Business
Greenwich, Conn., May 7, 2015/PRNewswire/ -- Chief executives have shown that they favor pro-growth, low-tax states with Louisiana jumping three places to become the seventh best state for business, according to Chief Executive magazine’s 2015 “Best and Worst States for Business” survey.
In the annual survey, completed by 511 U.S. CEOs, states are measured across three categories to achieve their overall ranking: Taxes and regulations, quality of the workforce, and living environment, which includes such considerations as quality of education, cost of living, affordable housing, social amenities and crime rates.
According to one executive, “Louisiana has an extensive incentive program for small to medium-sized businesses.”
During 2015, Louisiana showed strong improvement in attracting and retaining technology businesses, while also benefitting from a downstream position in oil and gas.
Another CEO states, “Louisiana has the best industrial incentives, cheap energy, a good and reasonable non-union workforce and the best workforce development program in the U.S.”
Tourism, oil, natural gas, petrochemicals, agriculture and fishing are among the top industries in Louisiana.
State governments use the survey results to help determine how to improve their regulatory environment to attract more businesses, while corporations use the data to decide where to build facilities and attract vibrant workforces.
With their ocean ports and other strong transportation options, Southeast states dominated the top 5 ranking this year:
3 North Carolina
In addition to CEO ratings on taxation and regulation, workforce quality, and living environment, the survey also provides data on state GDP, unemployment rate, domestic migration, and state/local tax burden.
For complete results, including individual state rankings on multiple criteria, CEO comments, methodology and more, please visit http://chiefexecutive.net/best-worst-states-business/2015/.
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