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44. Louisiana

A budget crisis and cheap oil have hit the Pelican State’s economy hard, jeopardizing generous business incentives.

Top States Louisiana
Source: George Kavallines
Category
Score
2016 Rank
2015 Rank
Workforce 214 25 36
Cost of Doing Business 241 7 10
Infrastructure 164 34 32
Economy 109 46 48
Quality of Life 100 47 45
Technology & Innovation 68 46 40
Education 81 39 42 (Tie)
Business Friendliness 44 40 31
Cost of Living 56 14 20
Access to Capital 21 30 28
Overall 1098 44 46

Economic Profile

Governor: John Bel Edwards, Democrat

Population: 4,670,724

GDP growth: 1.7 percent

Unemployment rate (May 2016): 6.3 percent

Top corporate tax rate: 8 percent

Top individual income tax rate: 6 percent

Gasoline tax: 38.41 cents/gallon

Bond rating/outlook: Aa3, negative

Major private employers: Ochsner Health System, CenturyLink

Economic profile sources: U.S. Census Bureau, U.S. Bureau of Economic Analysis, U.S. Bureau of Labor Statistics, Federation of Tax Administrators, American Petroleum Institute, Moody's Investor Service, S&P Global Market Intelligence

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