Unique Location Advantages
At the core of Louisiana’s competitive advantages is the strength of its business climate. In recent years, the state has enacted reforms to create an atmosphere that Forbes magazine called, “America’s new frontier for business opportunity.” Louisiana now ranks in the Top 10 states in the country for business climate according to several national publications including Business Facilities and Site Selection magazines.
Louisiana Offers Competitive Business Taxes
Louisiana’s low-tax environment offers business operations significant cost savings. According to a recent 50-state analysis by the Tax Foundation and KPMG: Location Matters: The State Tax Costs of Doing Business, 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
Louisiana’s business climate, coupled with one of the country’s most vibrant, distinct and well-preserved cultures makes the state an exciting place to live, play and work.
Live, Play and Work in Louisiana
Louisiana offers a rich quality of life with its blend of historical influences, mild climate and diverse natural environments for year-round outdoor activities. Its steady line-up of festivals, cultural events, world-class food, music and art, also make it a fun place to live and host visitors.
Louisiana residents also enjoy a low cost of living, averaging 5 percent below the national average according to the ACCRA Cost of Living Index. Housing and utility costs are traditionally the lowest cost categories for Louisiana residents relative to the national average, with Louisiana housing averages nearly 6 percent below the national average and residential utilities almost 14 percent below the U.S. average.
“I was a little nervous about going to a city that is so different than New York. The quality of life [in New Orleans] is great. You get everything in New Orleans that you have in New York but it’s just a smaller city. It has all of the same vibrancy that other major cities around the US have its just in a smaller package.”