46. Louisiana

Business costs are low in the Pelican State, but low oil prices are hurting the economy and the already poor quality of life.

Category
Score
2015 Rank
2014 Rank
Workforce 199 36 26
Cost of Doing Business 236 10 3
Infrastructure 161 32 36
Economy 105 48 44
Quality of Life 82 45 47
Technology & Innovation 79 40 36
Education 72 42 (Tie) 44
Business Friendliness 58 31 39
Cost of Living 47 20 4
Access to Capital 23 28 47
Overall 1062 46 40

Economic Profile

Governor: Bobby Jindal, Republican

Population: 4,649,676

GDP growth: 1.9 percent

Unemployment rate (May 2015): 6.6 percent

Top corporate tax rate: 8 percent

Top individual income tax rate: 6 percent

Gasoline tax: 38 cents/gallon

Bond rating/outlook: Aa2/negative

Major private employer: Ochsner Health System

Economic profile sources: Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, Bureau of Economic Analysis, Bureau of Labor Statistics, Louisiana FY 2014 CAFR

FULL LIST: 2015 TOP STATES FOR BUSINESS

Latest Special Reports

  • Take an in-depth look at the world of modern medicine - examining the treatments, companies and people making a difference in the way we treat illness and injuries today, and laying the foundation for the medical treatments of tomorrow.

  • Street sign outside One Market Street in San Francisco, Calif.

    THE PULSE is a look at technology’s impact on our daily lives and how it will affect us in the future.

  • NYSE Trader on the floor

    The buzz on the trading floor