Economic Development journal Site Selection has named Louisiana to its Top 10 list of Best States for Business for the seventh year in a row, ranking the state No. 7 in the magazine’s 2016 Top U.S. Business Climates report. Site Selection bases its business climate ranking on a variety of factors: half of the score results from a survey of corporate site selectors who are asked to rank the states based on their recent experience of locating facilities in them. The other 50 percent is based on an index that includes total new projects year-to-date, both overall and per capita; state tax burdens on new and established companies; and performance in Site Selection’s annual Prosperity Cup – formerly Top Competitive States – ranking.
The Top 10 States for Business
2. North Carolina
7. Louisiana and South Carolina (tie)
You can read the entire 2016 Top U.S. Business Climates report here.