DC think tank: Louisiana economy is a stinker
In fact, the Council for Economic Development gave Louisiana exactly the same economic grades it issued in 2006 - F for economic performance, C for business vitality and F for the possibility of future economic growth.
According to the 50-state comparative study, the top performers were Connecticut and Delaware, which received A's in all three categories.
They were followed by Colorado, Massachusetts, Minnesota, Utah and Wisconsin, which received A's and B's.
The group said “the positives” for Louisiana were low rates of business closures, and strong manufacturing investment. Job creation by new businesses is also good here.
Another good sign: Louisiana has the second-highest rate of home ownership growth, the report said.
But the study group put Louisiana last in income distribution, last in short-term employment growth, 38th in average annual pay and 46th in employer-provided health care.
The report noted that Hurricane Katrina "has made the state's economic mission even more difficult. However, Louisiana's business environment offers a homegrown engine that can help the state recover. This engine - fed by relief money, a strong oil market and a tremendous consumer need to rebuild - is reflected in the state's moderate business vitality ratings."
Subscribe Today and Save!!!
St. Charles Herald-Guide is an award-winning newspaper that covers all aspects of St. Charles Parish - from schools and parish government news to social events, features on our local residents and sports.
Order your subscription today!
A St. Rose woman has been arrested in connection with the alleged hit-and-run death...
Julian Turner did his best and “just kind of ran into” being named salutatorian for...
After finishing last season 14-1 and losing a host of key players to graduation,...
Ashlyn Frahm is this year’s salutatorian for Destrehan High School (DHS)....
Hahnville’s Brandon Singleton won both the 110-and 300-meter hurdle events in the...
A St. Rose man has received a mandatory sentence of life in prison for the 2012...
Rooster Comb Barber Shop is an Old Fashioned Barber Shop with highly skilled barbers that were taught by Head Rooster himself (Alvin Boe). Family owned and operated, three generations strong! Walk ins welcomed.
Hahnville grad beats language barrier at HHS - 727 views
Imagine being 9 years old in a foreign country and attending school without knowing the language.