News

01.03.13

Louisiana: New Frontier for Opportunity

Forbes describes Louisiana as “America’s new frontier for business opportunity” in a commentary about the state’s economic development efforts. With a dramatic economic transformation since 2008, Louisiana is attracting major business investment in both traditional and emerging industries, “…luring in dozens of economic development projects that are creating more than 63,000 jobs and over $28 billion in new capital investment.”

Forbes describes Louisiana as “America’s new frontier for business opportunity” in a commentary about the state’s economic development efforts. With a dramatic economic transformation since 2008, Louisiana is attracting major business investment in both traditional and emerging industries, “…luring in dozens of economic development projects that are creating more than 63,000 jobs and over $28 billion in new capital investment.”

Forbes cites several keys to Louisiana’s renaissance: comprehensive, customized workforce training; major government reforms in ethics laws and tax policy; highly competitive business incentives and –above all– an innovative ability to adapt to the new global economy. “In early 2008,” writes Adriana Lopez, “when most states decided to pull back on this programing due to the turn of the economic recession, Louisiana took a more aggressive approach and decided to improve all economic development initiatives.”

Read the entire article here »