Louisiana Economic Development Update March 1, 2011
State also ranked best in the U.S. on a per-capita basis in Site Selection magazine's "Governor's Cup" rankings.
Site Selection magazine today released its annual "Governor's Cup" rankings, in which Louisiana's national economic development projects ranking improved 12 spots to third best in the U.S., behind only Texas and Ohio. The ranking was Louisiana's highest ever in the 23-year history of the "Governor's Cup" project rankings. Additionally, on a per-capita basis, Louisiana's projects ranking jumped from ninth in 2009 to first in the U.S. for 2010.
The "Governor's Cup" measues the quantity of significant business development projects for the calendar year. The announcement marks another significant improvement for Louisiana, which overall was ranked 15th in 2009 and 27th in 2008.
Since January 2008, LED has secured projects that will created more than 29,500 new direct and indirect jobs and more than $8.5 billion in new capital investment, as well as billions in new sales for small businesses.