Louisiana slipped two spots on the latest ranking of states for business climate by Site Selection, but the state is still ranked No. 4 on this year’s list—and the ranking remains two spots higher than the state’s No. 6 ranking on the 2013 list.
Half the overall ranking is based on a survey of corporate site selectors asked to rank their top 10 state business climates, based on their experience of establishing or expanding facilities in them. The other half of the overall ranking is based on announced private-sector capital investment projects that meet one or more of the following criteria: $1 million or more in investment, 20 or more new jobs or 20,000 or more square feet of new construction.
The executives surveyed this year ranked Louisiana No. 13, down from a No. 6 ranking last year. Along with the survey, each state is assigned a point total based on seven other category rankings tied to project announcements. Louisiana has 578 points in this year’s ranking, down from 633 last year.
While Louisiana saw its category rankings fall for new plants announced (No. 8 this year, down from No. 7), its ranking for competitiveness rose to No. 2 this year from No. 4 last year.
For the third year in a row Georgia is ranked No. 1, followed by North Carolina and Kentucky. Ranked after Louisiana are Texas, Tennessee, Ohio, Utah, Oklahoma and Indiana to round out the top 10.
“The rest of the best in both the overall ranking and survey component are in the Southeast, proving again in 2015 that the region dominates in attracting corporate facilities and expansions,” says Site Selection.