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State Resources


Louisiana Business Resources

The southern state of Louisiana lies north of the Gulf of Mexico and along the Mississippi River. Agriculture has been an important economic activity since the 18th century because of Louisiana’s semitropical climate and alluvial soil. In the early 20th century, petroleum and natural gas were discovered, fueling the development of an extraction industry. The industry grew rapidly until the mid 1980’s when prices fell significantly. Though not as prominent as it once was, energy is still a vital component of the state economy. Louisiana currently leads the nation in the production of sulfur and salt, and ranks high in crude petroleum, natural gas, and natural gas liquids production. Tourism is another important contributor to the state's economy; many visitors are drawn to the southern city of New Orleans because of its unique Cajun culture and famous Mardi Gras celebration.

Business Data

Per Capita Real GDP$32,923 Rank: 38/50 (2006)
Population4,468,980 Rank: 22/50 (2000)
Per Capita Personal Income$30,952 Rank: 41/50 (2006)
Unemployment Rate4.00% Rank: 17/50 (2008)
Business Tax Climate IndexRank: 32/50 (2008)
Corporate Tax Rate4% - 8%
Individual Tax Rate 2% - 6%
Sales Tax Rate 4%

Business Tax Climate Index

Individual Income Tax Index Rank28
Sales Tax Index Rank47
Unemployment Insurance Tax Index Rank8
Property Tax Index Rank21
Business Tax Climate Index32
Corporate Tax Index Rank18

State Information

AbbreviationLA
CapitalBaton Rouge
Nick NamePelican State
State Web Sitehttp://www.louisiana.gov
MottoUnion, justice, and confidence

Top 5 Export Partner Countries

Japan, China, Mexico, Canada, Netherlands

Top 5 Export Merchandise

Petroleum and Coal Products Sales Chemicals Sales Electrical Equipment Manufacturing Computers and Electronic Products Chemicals Manufacturing

Major Cities

Baton Rouge, New Orleans, Shreveport

GDP

Total Gross Domestic Product (USD Millions) $216,146.00 (2007)
Per Capita Real GDP (USD)$35,181.00 Rank: 27 (2007)

Population Stats

Population 4,410,796 Rank: 25 (2008)

Age Distribution

Under 18 Population1,219,800
Under 18 Percent of Total Population27%
65 and older Population516,929
65 and older Percent of Total Population12%

Gender Distribution

Male Population48.4%
Female Population51.6%
Non-English Speaker (at home)331,255
Net International Immigration20,174
Birth Rate14.5%
Percent of People Under Poverty Level19.8%
Rank2

Expenditure

Per Capita State Spending$40,453
Rank42
Energy Expenditures per Person$7,884
Expenditures of State and Local Government Employee-Retirement Systems$2,642,032

Revenue

Personal Income$39,712
Rank41
State Internal Revenue Collection$33,676,593
Rank27
Cash and Deposits by State Government$1,145,680
Per Capita State Tax Collection$2,209
Rank28

Education

High School Graduation Rate57.5%
Rank46
Percent of Population with a Bachelor's Degree13.3%
Rank46
Percent of Population with an Advanced Degree6.8%
Rank46

Largest Universities

Louisiana State University, Baton Rouge Southeastern Louisiana University University of Louisiana, Lafayette
High School Graduation Rate57.5%

Logistics

Public Road Length (Mile)60,925
Gas Tax Rate (%)20%
Highway Planning and Construction (USD Thousands)513,048
Number of Public Airports75

Main Airports

BTR: Baton Rouge MSY: New Orleans International SHV: Shreveport

Ports

Baton Rouge Lake Charles New Orleans Plaquemines South Louisiana

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State Business Links

Nola.com
http://www.nola.com/

Secretary of State

Louisiana Secretary of State
http://www.sos.louisiana.gov/
The commercial division of the Secretary of State provides access to various business forms, a corporate database including filings and other information, Uniform Commercial Code information, and more.

Small Business Administration

Louisiana Small Business Administration
http://www.sba.gov/localresources/district/la/index.html
The New Orleans District Office serves 64 parishes (counties) of Louisiana, an area of approximately 44,521,000 square miles. Louisiana is known for rolling hills and marshy wetlands, from serene lake bayous to the mighty Mississippi River and the vast Gulf of Mexico.

Top 10 Business Links

BayouBuzz
http://www.bayoubuzz.com/News/Business/Default.asp
In addition to business news, BayouBuzz also provides state, national, political, and technology news.
Louisiana Department of Labor – Labor Market Information
http://www.laworks.net/LaborMarketInfo/LMI_MainMenu.asp
This site provides some labor/workforce related information, such as a licensing guide, a monthly employment bulletin, employment projections by occupation and industry, occupational wage data, and more. Forms for employers are also available.
Louisiana Economic Development
http://www.ledlouisiana.com/
From this site, find out what incentives make Louisiana ideal for conducting business, as well as information about Louisiana industries, available financial assistance, and more.
Louisiana International Trade Statistics
http://www.wtcno.org/tradestats/index.html
This site supplies Louisiana export statistics by county, industry, and commodity with written discussions. International trade information is also available.
Louisiana Small Business Development Center
http://www.lsbdc.org/
The Louisiana SBDC aims to help small businesses in Louisiana. For new businesses, there is free business counseling, training sessions, information on the forms of organization, and help with business plan writing. For established businesses, information is provided for strength/weakness analysis, strategic planning, financial analysis, marketing, and employee management. Services are either free or at an affordable rate.
Louisiana Workforce Commission
http://www.laworkforce.net/
This site provides information on various programs related to workforce development, as well as a number of occupational forecast publications and reports. For example, users can find workforce forecasts for a specific region that include information for different industries, such as how much employment in landscaping will increase or decrease.
New Orleans City Business
http://www.neworleanscitybusiness.com/
This is the online version of the New Orleans City Business magazine. The site provides detailed business articles, as well as archived past articles, as contained in the printed edition, plus up-to-the-minute news and legal notices.
New Orleans Louisiana Local & Small Business News
http://www.nola.com/business/
This site provides Louisiana-specific business news. Most other typical news categories are also covered.
U.S. Export Assistance Center of New Orleans
http://www.buyusa.gov/neworleans/
The Louisiana branch of the Department of Commerce specializes in helping small to medium sized companies develop and execute exporting strategies. Fees vary and are based on the service being provided. Access to a monthly newsletter and a list of local seminars and events is available free.
World Trade Center of New Orleans
http://www.wtc-no.org/
WTC New Orleans is a non-profit member-based organization providing members with assistance in international trade. Members gain access to various training seminars at a reduced rate, access to an import/export information service, trade leads, networking, and more.

Featured Brokers
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