Last week Louisiana and Gov. Bobby Jindal's veep prospects were dealt a blow when a composite index measuring how states compare on economic vitality, education, health, crime and governance had us dead last, but this week we move up on Chief Executive magazine’s Best/Worst States for Business.
Louisiana now ranks 13th, up from 27th in 2011 and up 32 spots in the past four years, the largest improvement of any state.
That means CEOs nationwide believe Louisiana is the most improved state for business in the U.S., according to Louisiana Economic Development.
Chief Executive asked CEOs to grade states on such areas as taxes, regulatory environment, workforce quality and living environment. LED says in a press release that in Louisiana, Chief Executive cited business-friendly improvements, which include a more competitive corporate tax structure and turnkey workforce programs. The magazine also cited recent education and pension reform efforts as positive development trend indicators.
That accolade comes about a week after the state ranked dead last on a new composite index comparing how the 50 states fare on measures of economic vitality, education, health, crime and governance. According to The Times-Picayune, the “Camelot Index” is issued annually by Federal Funds Information for States, a non-partisan subscription service created by the National Governors Association and the National Conference of State Legislatures, which tracks and reports on the fiscal impact of federal budget and policy decisions on state budgets and programs. The paper reported:
“It is based on the premise that most people share a common set of preferences: fewer taxes are better than more, small class sizes are better than large, low death rates are better than high, less crime is better than more and so on,” FFIS writes in explaining the index, named for the mythical Arthurian kingdom — that most "congenial spot," in the lyrics of the musical.
“Many studies incorporate such preferences, but they often focus on just one area. For example, a study may attempt to identify the ‘healthiest’ state but ignore the fact that health care isn’t delivered in a vacuum; it may be traded off with something else. The Camelot Index brings together measures of economic vitality, health, education, crime, society and government. In the current index, many states rank consistently across measures, while others do quite well on some measures but not on others.” ...
While Gov. Bobby Jindal has foresworn any interest in being Mitt Romney’s running-mate, the Camelot ranking comes at an inopportune moment if he harbors any such ambition. The governor’s stewardship of Louisiana has won rave reviews in the conservative press, but the FFIS ranking would seem to indicate that Louisiana has a long way to go.
By contrast, some other governors or former governors who are mentioned as potential vice presidential candidates hail from states that do far better than Louisiana on the Camelot measures. Some examples: former Gov. Tim Pawlenty led Minnesota, which ranks seventh; Virginia Gov. Bob McDonnell’s state ranked eighth; and New Jersey Gov. Chris Christie’s state ranked 18th. Massachusetts, where Romney served as governor, ranked 14th.
The Camelot Index’s “healthy economy” ranking is based on the percentage of people in poverty, employment growth, population growth, per capita income growth, per capita federal tax liabilities — a reflection of high incomes — per capita taxable resources and the annual mean wage for retail salespeople. Combining these criteria, New Jersey ranked number one, followed by North Dakota, Wyoming, Maryland and Virginia. Louisiana placed 41st. Mississippi and Alabama were at the bottom.
Read the T-P story here.
The company currently has 10 branches throughout Louisiana, including an Ambassador Caffery location which opened last year.
Lawmakers have added $15 million to the attorney general's budget to pay for Louisiana's ongoing legal case against BP for damages caused by the 2010 Gulf oil spill.
The state's jobless rate rose to 5 percent in June from 4.9 percent in May. Louisiana's unemployment rate was 6.4 percent in June 2013.
Long-established private club opening special events venue in failed women’s store at Kaliste Saloom Road and Camellia Boulevard.
High-dollar legal teams are preparing to spar in federal court over the regional levee authority’s historic lawsuit against oil and gas companies, but a panel of volunteers could preempt those efforts when they meet in August.
May sales, the highest on record for the month at $534 million, increased 6.1 percent over May 2013.
Trendy Shi Shi is heading to the Ranch, longtime retail institution Partners’ Ltd. is relocating to Parc Lafayette, and ariel artist haven Vertical Barre is moving downtown.
There’s another debit/credit card scam making the rounds — the second this year — this time via a robo call purportedly from MidSouth Bank.
The 2014 Louisiana Annual Sales Tax Holiday exempts the first $2,500 of the purchase price of each eligible item for non-business use when the customer buys and accepts delivery of eligible property or places property on layaway.
The Lafayette-based home nursing firm will buy 14 home health agencies from a Tennessee company for $10 million in cash.
When Gov. Bobby Jindal signed a controversial bill retroactively banning the Southeast Louisiana Flood Protection Authority-East from filing lawsuits without his permission, many people thought that would put an end to the suit against 97 oil and gas companies.
Citing 76-year-old Garnette Thomas’ age and cooperation, federal judge says no jail time.
“There is something about being out on the swamp when you are alone that sucks the poisons of civilization out of you. It’s a sort of healing power that lets you be yourself again. That’s the kind of thing that would be ruined by a facility like this.”
The project was pushed by former Agriculture Commissioner Bob Odom as a way to help Louisiana's sugar industry, and its financing was approved in 2003 by the State Bond Commission. But it was a failure from the start and left current commissioner Mike Strain saddled with debt at his agency.
Family owned Baton Rouge milk and ice-cream producer aims to put PR nightmare behind it.
For Jennings-based JD Bank, IberiaBank’s buyout of Teche Federal couldn’t have come at a better time.
Louisiana Attorney General Buddy Caldwell says a south Louisiana flood board member who supports the board's environmental lawsuit against the oil and gas industry has reached the end of his term.
The Women Who Mean Business honorees and trailblazers will be featured as a cover story in the September issue of ABiz, which publishes Sept. 15.
Local attorney helps expand service offerings at Andrus Boudreaux Complete Title, which specializes in commercial and residential real estate closings.
Controversial LSU professor David Dismukes has come under fire once again, this time from 20 solar-power groups over his role in a Louisiana PSC study on the costs and benefits of alternative energy.
The state labor department figures released Monday show the initial claims decreased to 2,577 from the previous week's total of 2,604. For the comparable week a year earlier, there were 3,027.
Louisiana officials are refusing to disclose the details of crude oil shipments railroads haul through the state.
Faced with paying a hefty ethics fine, the local real estate developer sells another property, his Wingate by Wyndham hotel.
This year has been a good one for Lafayette’s IT sector, first with April's news of CGI’s new technology center and then Monday's announcement from Silicon Valley-based Enquero that it will soon be opening its first Agile Delivery Center at LITE.
Of the major oil- and gas-producing states, Texas gained seven rigs, New Mexico and West Virginia were up two and Oklahoma added one. Pennsylvania declined by five, California lost three, Louisiana was down two and Colorado and Kansas both were off one.