Louisiana Receives High Ranking for Economic Development

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Jan 11, 2008 -- BATON ROUGE - Louisiana has been awarded fourth place in the Business Facilities Magazine, a publication that provides relocation information for businesses, first ever State of the Year Award.

According to the magazine, the award recognizes the hard work of economic developers and singles out the state with the most economically significant relocation and expansion projects of the year.

"This ranking is really a story," Governor Kathleen Babineaux Blanco said. "It tells how Louisiana kept at its economic development mission, even in the wake of Hurricanes Katrina and Rita, to move ahead of the nation in delivering quality jobs for our people. This was my goal, this was LED's work, and this will be our legacy."

The publication polled each state about the five largest projects for the most recent 12-month period for which they had data. Questions included number of jobs created and investment totals and at the conclusion of the polling, twenty-six states had responded. The results were computed using a predetermined, objective formula that treats jobs and investment equally.

Louisiana came in fourth with a total of $5.75 billion in investments and nearly 2,000 jobs created.

Business Facilities Magazine is a full service media brand specializing in the site selection marketplace distributed in key executives and corporations interested in site selection or relocation.

Source: Louisiana Governor