Louisiana rises to No. 4 in national business climate rankings

July 30 2013 | Latest News

Louisiana has the second-best business growth potential in the country and the fourth-best overall business climate, according to Business Facilities’ 9th Annual Rankings Report. Though the full rankings won’t be released until early next month, some of the results have been made available in advance. Louisiana was ranked No. 5 for best business climate last year. The state actually fell from a No. 1 business growth potential ranking in 2012 to No. 2 this year. The state is also ranked No. 2 for natural gas production and No. 10 for lowest cost of labor in this year’s rankings. Louisiana "has steadfastly executed a diverse growth strategy that is nurturing new high-tech ventures while building on the Pelican State’s traditional strength in the oil and gas sectors," says Business Facilities in its preview of the full rankings, which specifically spotlights strong showings by Louisiana, Texas, North Dakota, Washington and Utah. Also, LED’s FastStart workforce training program is once again named the nation’s best. This is the fourth straight year the FastStart program has taken top ranking. "Louisiana’s innovative workforce training effort remains the gold standard for this critical development requirement," says Business Facilities’ Editor in Chief Jack Rogers. You can check out the full preview of the rankings here.