Louisiana Earns ‘State Of The Year’ From Southern Business & Development
Economic development journal Southern Business & Development has named Louisiana the magazine’s 2020 “State of the Year” in a title shared with Alabama. 2020 marks the seventh year since 2007 that Louisiana has shared or won outright the magazine’s State of the Year honor for best economic development results in the South.
Further, Greater New Orleans received honorable mention recognition in the Major Market category, which ranks metros of 750,000 to 2.5 million residents. GNO projects that helped Louisiana win included Venture Global’s $4.2 billion project in Plaquemines Parish, Medline (464 jobs) and Ampirical (400) in St. Tammany, and the EY N.E.A.T. Center in New Orleans (200).
State of the Year honors are calculated based on jobs and investment. Alabama (88.7 ppm) and Louisiana (88.0 ppm) finished in a dead heat, leading to the shared State of the Year title. Other regions in Louisiana that were honored included: Baton Rouge – Major Market of the Year; Lake Charles – Small Market of the Year; Iberville Parish – Rural Market of the Year (under 50,000); and, St. James and St. Charles Parishes – Honorable Mention Rural Market of the Year.
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