LA wins “State of the Year” award amid COVID-19 Pandemic
By: Kenny Kuhn | WWL Radio | August 7, 2020
Amid dealing with a pandemic, thousands of jobs lost, and renters facing possible evictions, Louisiana is named Southern Business and Development’s 2020 “State of the Year.”
It shares the title with Alabama. This is the seventh year since 2007 that Louisiana has won the magazine’s title for best economic development results in the south.
New Orleans gets an honorable mention along with the title, recognizing the city in the Major Market category, which ranks cities with populations ranging from 750,000 to 2.5 million residents. New Orleans city 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).
According to GNO Inc., “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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