Louisiana

State Quick Facts

Nickname:

The Pelican State

Capital:

Baton Rouge

2016 Population:

4,681,666

Gross State Product:

$235 Billion

Total Nonfarm Employment:

1,975,700

Governor:

John Bel Edwards (D)

Senators:

Bill Cassidy (R)
John Kennedy (R)

Representatives:

6


Support For Local Business

Governor John Edwards (D) “You [small business owners] are the folks that make the economy hum here in Louisiana.”

(Governor John Edwards, “Edwards Connects Jindal’s $1.6 Billion Budget Deficit to Small Business Challenges,” http://www.johnbelforlouisiana.com)

Representative Cedric Richmond (D) “Entrepreneurs and small firms create the jobs and develop the ideas that our economy needs to regain its footing.”

(Representative Cedric Richmond, “Rep. Cedric Richmond Seeks to Connect Small Businesses with Contracting Opportunities” http://lciassociation.com. 8/25/2015)


Business Highlights

Louisiana’s 436,867 small businesses represent 99.5% of all employers in the state and employ 910,366 workers.

Women-owned businesses make up 151,100 of Louisiana small businesses.

Veteran-owned businesses make up 42,100 of Louisiana small businesses.

A total of 3,883 companies, which operate internationally, competing in global markets on a daily basis for inputs, capital, and customers, export from Louisiana.

Louisiana exports reached $48.8 billion in 2016, with products and services going to over 197 countries.

Two Fortune 500 companies are headquartered in the Pelican State.

Sources: Small Business Administration, U.S. Census Quickfacts, Business Roundtable, U.S. Department of Commerce’s International Trade Administration, Fortune 500, FRED Economic Data, Bureau of Labor Statistics