Louisiana Economic Development Ranks No. 2 In Site Selection Top Competitive States Rating (Baton Rouge: 2015, credit)

[rgathrights]

5.4.15 Louisiana Economic Development Ranks No. 2 In Site Selection Top Competitive States Rating

Up from No. 4 in the U.S. last year, Louisiana ranks among top seven nationally for economic development performance for sixth consecutive year

BATON ROUGE, La. — Today, Site Selection rated Louisiana’s economic development efforts No. 2 in the nation in its ranking of Top Competitive States for 2014. In its evaluation of economic development performance by each of the 50 states, the magazine once again singled out Louisiana for its record of new and expanded facilities, high capital investment and substantial job creation. Following a fourth-place finish in 2013, Louisiana’s new ranking places it in the top seven for the sixth consecutive year.


Louisiana Economic Development Ranks No. 2 In Site Selection Top Competitive States Rating | Louisiana Economic Development

[Chance and Change]

A Louisiana city tops the list.

A study released Monday found that Shreveport, La., is the best place in the U.S. to start a business.
WalletHub, a personal finance social network, released the study, which analyzed start-up opportunities in the 150 most-populated cities in the U.S.



The top 10 cities are as follows:
1. Shreveport, La.
2. Tulsa, Okla.
3. Springfield, Mo.
4. Chattanooga, Tenn.
5. Jackson, Miss.
6. Sioux Falls, S.D.
7. Memphis, Tenn.
8. Augusta, Ga.
9. Greensboro, N.C.
10. Columbus, Ga.

[annie_himself]

Because we make business free for big business.

[rgathrights]

Originally Posted by annie_himself

Because we make business free for big business.

Which creates jobs and gets people off the tax payer funded social programs.

[Chance and Change]

Originally Posted by rgathrights

Which creates jobs and gets people off the tax payer funded social programs.

It certainly does, and its a good thing to give tax concessions to business to attract them to move here. Those wages paid, allows money to circulate in our economy several times, which generates benefit to our citizens, our business, large and small, as it also puts more property to active status as people use those wages to buy homes.
New York has a great program in doing this, they give 10yrs of tax concessions for business which move there and to new business who come and create industry there.

Why 'SOME" Louisiana people are so antagonistic about everything is interesting.

They seem to hate the thoughtof anything benefitting anyone. Yet, they are the first to come up with the insidious phrase of "go get a job", then when the State or Cities make effort to create more jobs, the same ones complain; as some seem unable to grasp the fact that we are not going back to 1930's, 1940's -1950's madness.

[rgathrights]

Originally Posted by Chance and Change

...
Why 'SOME" Louisiana people are so antagonistic about everything is interesting.

They seem to hate the thoughtof anything benefitting anyone. Yet, they are the first to come up with the insidious phrase of "go get a job", then when the State or Cities make effort to create more jobs, the same ones complain; as some seem unable to grasp the fact that we are not going back to 1930's, 1940's -1950's madness.

I challenge you to promote more Louisiana work and industrial programs here.

Spreading good news might just change the tone of this forum and encourage more people to read it.

[g3140517]

Louisiana is the movie-making capital of the world!

Ref: What State Is the Movie-Making Capital of the World? Hint: It's Not California or New York

[Mwahfromtheheart]

Originally Posted by rgathrights

Which creates jobs and gets people off the tax payer funded social programs.

Then why is poverty still ridiculous?

The tax breaks are great but it's not all social programs either. LA has a bunch of infrastructure it needs to maintain that other states don't. Like the largest delta wetland system in the world - which is also the most rapidly disappearing wetlands in the world.

[bpollen]

Originally Posted by Chance and Change

It certainly does, and its a good thing to give tax concessions to business to attract them to move here. Those wages paid, allows money to circulate in our economy several times, which generates benefit to our citizens, our business, large and small, as it also puts more property to active status as people use those wages to buy homes.
New York has a great program in doing this, they give 10yrs of tax concessions for business which move there and to new business who come and create industry there.

Why 'SOME" Louisiana people are so antagonistic about everything is interesting.

They seem to hate the thoughtof anything benefitting anyone. Yet, they are the first to come up with the insidious phrase of "go get a job", then when the State or Cities make effort to create more jobs, the same ones complain; as some seem unable to grasp the fact that we are not going back to 1930's, 1940's -1950's madness.

Your NY example may not be a good one. I recently read an article stating that NY's program of 10 yr tax concessions has cost the state tons of money....and has produced about 70 jobs. Which meant the state had paid about $1 million dollars for each middling job. The numbers I use are from my memory, from that's the gist. Maybe more jobs will open up in the future.

Another thing to consider about tax concessions to business: Those new businesses will cost the state not just the lost taxes, but wear and tear on the roads, loss in utility fees and taxes, and such. Their kids will add to the school tax burden. Guess who has to make up the loss of all that? The average taxpayer.

Example: Texas has been extremely successful in attracting businesses to its state. That's great. It really is. But the property taxes there are the third highest in the nation, forcing some people, including seniors, to sell their homes because of the property taxes alone. The taxes are so high that the Lt. Governor and the legislature are working on a bill to control them, which angers the local taxing authorities greatly. In fact, the state House passed the bill. It's unclear whether the state Senate will pass it.

I live in Texas. So I'll get a good price for my house when I sell it, because of the new businesses and the economy. Yay. The flip side is that I have to move because of the property taxes.

[BeenThereDunThat]

Originally Posted by g3140517

Louisiana is the movie-making capital of the world!

Ref: What State Is the Movie-Making Capital of the World? Hint: It's Not California or New York

There's been a few independent audits on Louisiana's Film Tax Credit program that suggest it's costing the state more than it's bringing in, some studies reveal that for every (tax credit) dollar spent, the state receives less than 30 cents in total net return.

Giving Away Louisiana: Film tax incentives - The Advocate Special Reports The Advocate Special Reports

The other argument posed is why cut higher education and healthcare to the tune of about a billion dollars and yet finance production for temporary industry such as film & tv? As I write this, state legislators are debating new measures to place caps on the film tax credits or eliminate some altogether.