Top States for Business

44. Louisiana

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Low costs can make for big profits. But weak growth leaves the economy stuck.

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Louisiana Score and Ranking

Category 2021 Score 2021 Rank 2019 Rank 2021 Grade
Cost of Doing Business293313A+
Infrastructure1604042D+
Life & Health12942--F
Workforce1802541C
Economy495049F
Business Friendliness494539D-
Access to Capital1042333C+
Technology & Innovation454742F
Education644037D+
Cost of Living511718B

Economic Profile

Governor: John Bel Edwards, Democrat

Population: 4,645,318

GDP growth (Q1 2021): 4.7%

Unemployment rate (May 2021): 7.1%

Top corporate tax rate: 8%

Top individual income tax rate: 6%

Gasoline tax: 20.01 cents/gallon

Bond rating (Moody's/S&P): Aa3, positive/AA-, stable

Major private employers: Ochsner Health, 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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