44. Louisiana

The Pelican State offers low costs; but high crime, poor health care, and substandard education are headwinds.

Jane Fontenot of Fontenot's Cajun Seafood passes out Mardi Gras beeds to customers for there support during the 75th Annual Shrimp and Petroleum Festival in Morgan City, Louisiana.
Sean Gardner | Getty Images
Jane Fontenot of Fontenot's Cajun Seafood passes out Mardi Gras beeds to customers for there support during the 75th Annual Shrimp and Petroleum Festival in Morgan City, Louisiana.
Category
Score
2018 Rank
2017 Rank
Grade
Workforce 201 35 28 (Tie) C
Infrastructure 177 38 39 C-
Cost of Doing Business 243 7 4 (Tie) A+
Economy 123 40 49 D+
Quality of Life 82 49 49 F
Technology & Innovation 61 44 47 F
Education 55 46 48 F
Business Friendliness 46 41 40 D
Access to Capital 44 27 31 C-
Cost of Living 34 17 20 B
Overall 1066 44 44 -

Economic Profile

Governor: John Bel Edwards, Democrat

Population: 4,684,333

GDP growth (Q4 2017): 2.2 percent

Unemployment rate (May 2018): 4.6 percent

Top corporate tax rate: 8 percent

Top individual income tax rate: 6 percent

Gasoline tax: 20.01 cents/gallon

Bond rating (Moody's/S&P): Aa3, negative/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

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