Louisiana ranked No. 2 in U.S. for economic development competitiveness in 2014
When it comes to aggressively competing to retain existing business and lure new ones to the state, Louisiana was the second-best last year, trailing only North Carolina just by a nose. That’s according to a new ranking of competitiveness by Site Selection magazine, an industry trade publication.
In compiling the rankings, the magazine awards each state points based on a 10-part index of investment-attraction criteria.
“North Carolina, with 409 points, narrowly beat Louisiana’s 408.5, and the rest of the top five were not far behind: Texas finished third with 406, South Carolina was fourth (405.5) and Tennessee placed fifth (404),” the magazine reports.
Rounding out the top 10 states in the ranking are Kentucky, Michigan, Indiana, Ohio and Georgia.
“Seven of the top 10 states are in the Southeast, which points to that region’s sustained competitiveness over the past decade,” says Site Selection Editor in Chief Mark Arend.
A press release from Gov. Bobby Jindal’s office celebrates the No. 2 ranking and notes that since January 2008—when Jindal took office—Louisiana Economic Development has “secured significant economic development wins that are resulting in more than 91,000 new jobs and more than $62 billion in new capital investment in Louisiana.”
Prior to 2008, Jindal says Louisiana never ranked among the top 10 states in any national ranking of state business climates. The state now places among the top 10 states in five national business climate rankings, he says in the press release.