44. Louisiana

Generous incentives make the Pelican State hard to beat on costs, but the schools and the economy hit sour notes.

George Kavallines | CNBC
Category
Score
2017 Rank
2016 Rank
Workforce 270 28 (Tie) 25
Infrastructure 158 39 34
Cost of Doing Business 261 4 (Tie) 7
Economy 53 49 46
Quality of Life 87 49 47
Technology & Innovation 62 47 46
Education 50 48 39
Business Friendliness 47 40 40
Access to Capital 35 31 30
Cost of Living 31 20 14
Overall 1054 44 44

Economic Profile

Governor: John Bel Edwards, Democrat

Population: 4,681,666

GDP growth (Q4 2016): 1.1 percent

Unemployment rate (May 2017): 5.7 percent

Top corporate tax rate: 8 percent

Top individual income tax rate: 6 percent

Gasoline tax: 20.01 cents/gallon

Bond rating/outlook (Moody's, S&P): Aa3, AA- 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 (excluding 18.40 cent/gallon federal tax), Moody's Investor Service, S&P Global Market Intelligence

Latest Special Reports

  • Between new federal tax bill changes and underutilized deductions, CNBC finds ways to save money while filing taxes.

  • Coverage of the World Economic Forum’s annual meeting in Davos, Switzerland.

  • To turn the page on structural racism, communities are Changing The Narrative. In this series, CNBC explores the central themes of racial healing through stories addressing implicit bias in economic data, the major obstacles to racial equity at work, how fiscal investment can change the narrative on minority entrepreneurship and the ramifications of the great resignation in the Black community.