Louisiana Offers Competitive Business Costs
In Competitive Alternatives 2016, KPMG assessed the general cost competitiveness of more than 100 cities in 10 nations. KPMG ranked Louisiana as the lowest-cost U.S. state for businesses. The report compares a variety of cost factors faced by companies in each country and city. These factors include location-sensitive costs such as taxes, labor costs, facility costs, transportation and distribution, and utilities. Three Louisiana cities rank in the Top 4 for lowest costs in the Southeast region of the U.S.: Shreveport (No. 1), Baton Rouge (No. 2) and New Orleans (No. 4).
“Louisiana is a great place to do business today —and it’s getting even better.”
In 2015, the Tax Foundation and KPMG released Location Matters, an apples-to-apples comparison of the combined state and local business tax burden on several different firm types. Louisiana’s tax burden ranks among the top 10 lowest in the nation for new facilities, relocations, and facility expansions for a variety of firm types, including:
- labor-intensive manufacturing
- capital-intensive manufacturing
- research and development facilities
- corporate headquarters