40. Louisiana (Tie)

The Pelican State has worked to improve its business climate; it has one of the lowest tax burdens in the nation. But work remains to be done on the economy and environment.

Category
Score
2014 Rank
2013 Rank
Cost of Doing Business 346 3 10
Workforce 143 26 22
Quality of Life 78 47 50
Infrastructure & Transportation 158 36 41
Economy 161 44 (Tie) 35
Education 47 44 40
Technology & Innovation 98 36 28
Business Friendliness 61 39 (Tie) 39
Cost of Living 47 4 20
Access to Capital 2 47 (Tie) 35
Overall 1141 40 (Tie) 43

Economic Profile

Governor: Bobby Jindal, Republican

Population: 4,625,470

GDP growth: 1.3 percent

Unemployment rate (May 2014): 4.5 percent

Top corporate tax rate: 8 percent

Top individual income tax rate: 6 percent

Gasoline tax: 38 cents/gallon

Bond rating/outlook: Aa2/stable

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 2013 CAFR

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