Business Climate Ranking

Louisiana Climbs in Business Climate Ranking

(SHREVEPORT–MONROE, La.) North Louisiana stands to benefit from the state's No. 7 ranking for business climate as released by Site Selection magazine on November 1st, 2011. Louisiana comes in at its highest-ever position on every national ranking for state business climates. Three of those national rankings (Area Development, Business Facilities and Site Selection) now place Louisiana among the Top 10 states for business in the U.S.

"The jump in business climate rankings indicates that key influencers, like corporate executives and site selectors around the country, are changing how they view Louisiana as a place to do business. I commend Governor Bobby Jindal, our state lawmakers and Louisiana Economic Development for their concerted efforts to improve the state's business environment. The new rankings help us as economic developers to recruit new companies to North Louisiana and to convince existing businesses to grow here," said Kurt Foreman, NLEP President.

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. The overall No. 7 business climate ranking improves Louisiana’s standing from No. 9 in 2010 and No. 25 in 2009.

"Despite the sluggish national economy, NLEP has seen more activity and interest this year from businesses considering locating or expanding in North Louisiana than in the past few years," said Foreman. "Ronpak located its brand new multi-million dollar, paper bag manufacturing facility at the Port of Shreveport-Bossier. CenturyLink announced an additional 800 new jobs at its Monroe Headquarters, and Libbey Glass reinvested $9 million to modernize its Shreveport plant. DG Foods opened its meat processing plant in Bastrop, La. These key announcements bode well for the region's economic future," said Foreman.

NLEP is a non-profit economic development marketing organization, promoting 14 parishes in North Louisiana as a desirable and profitable business location. The NLEP and its many partners work with both existing companies and prospective employers to encourage incremental capital investment and job creation as a way to build a strong and thriving economy.