Louisiana 6th in national business climate ranking
Louisiana has the sixth-most business-friendly climate in the nation, according to Area Development magazine's "2012 Top States for Doing Business," survey results released today. The magazine says it culls its annual ranking from surveys with "the nation's leading site selection consultants." Louisiana placed even higher in some of the 14 varying categories that make up the overall ranking. It got the No. 1 ranking for Cooperative State Government, No. 2 for Incentive Programs, No. 3 for Workforce Development Programs, as well as Speed of Permitting, and No. 4 for Cost of Doing Business. Louisiana also ranked No. 6 overall in the magazine's list last year. However, Area Development notes the state had not ranked in the Top 10 nationally before 2011. "Louisiana has taken a very aggressive, targeted approach to improve its business climate over the past five years, and those efforts are clearly paying off," the magazine says, adding that Louisiana is "a state that is leading in the economic recovery." Gov. Bobby Jindal echoed those sentiments in a statement sent out on the heels of the report's release, saying it is "yet another example that our work to make Louisiana the best place in the world to do business and find a job is paying off." Check out the complete rankings here.
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