BATON ROUGE, LA (WVUE) - A magazine tailored to CEOs nationwide, ranked Louisiana as the seventh best state to do business. The state says it's the highest ranking ever in Chief Executive's annual survey of "Best & Worst States for Business."
The magazine writes, "during 2015, Louisiana showed strong improvement in attracting and retaining technology businesses, while also benefiting from a downstream position in oil and gas. CEOs are pleased with the Southeastern state's industrial incentives, cheap energy and non-union workforce."
"This latest rating is a further confirmation that our efforts to make economic development our top priority have paid off. We have created a business environment where companies want to invest and create jobs for our citizens. As more business leaders look to our state for their next investment, we are assured that Louisiana's future is bright," Governor Bobby Jindal said.
Chief Executive Editor-in-Chief J.P. Donlon said of Louisiana's performance, "Louisiana is proof that a state can transform itself, provided it has the will and understanding of what attracts business investment, from a place that was once considered a backwater to a state that CEOs now regard as dynamic and business-friendly."
The magazine gave Louisiana 3.5 stars out of 5 in its three categories: taxation & regulations, workforce quality & living environment.
Last year, Louisiana ranked number nine in the country.