Louisiana Is One of Worst States for Business

Date: August 17, 2016

Vote this fall to turn things around.

Louisiana Is One of Worst States for Business

In what is a surprise to no one,
Louisiana has received poor ratings on several different surveys measuring
states’ business-friendliness.

Chief
Executive
magazine’s annual report on the Best and Worst States for
Business ranked the Pelican State as the 37th best
state for business
—a full 30 spots lower than in 2015, the largest
decline of any state. The report is based on survey results from more than 500
CEOs nationwide about how all 50 states fare in terms of taxation, regulation,
workforce quality, and living environment.

Late last year, the Tax Foundation’s 2016 Business Tax Climate Index
also ranked Louisiana 37th best in a comparison of more than 100
taxation variables, such as corporate, individual income, sales, unemployment
insurance, and property.

 Finally, Louisiana received a ‘C+’
grade in Thumbtack’s annual Small Business Friendliness Survey,
which rates each state on laws and policies that impact entrepreneurs’ ability
to start, operate, and grow a business. More than 12,000 U.S. small business
owners participated in the study in 2016.

Continuous poor ratings like these
underscore the importance of voting this November! More than 20 candidates are
running for the open U.S. Senate seat, and the field is also crowded for U.S.
House seats. Stay tuned for more information on these races and for
endorsements from NFIB’s Save America’s Free Enterprise Trust PAC to help
ensure pro-business candidates are elected. Election Day is Nov. 8—get ready to
be a small business voter!

Related Content: Small Business News | Economy | Louisiana

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