The Pelican State is climbing the national rankings for best business climate and most competitive place to do business.
Small business is booming in Louisiana.
Over the course of the last four years the state has been consistently climbing the national rankings for the best business climate, and it was also recently named the most competitive place to do business in the United States by Forbes magazine. One of the biggest advantages of opening a new franchise in the state include The Enterprise Zone (or EZ program) which is a job incentive program that provides Louisiana income and franchise tax credits to new or existing businesses located in the state who create new full-time jobs. There are other incentive programs as well, including the small business loan and guaranty program that provides loans from $5,000 to $1.5 million for registering a new company in the state, the inventory tax credit program, small business loan program and more. All these initiatives have given Louisiana a reputation of being friendly and supportive to small businesses.