State Quick Facts
The Pelican State
Gross State Product:
Total Nonfarm Employment:
John Bel Edwards (D)
Bill Cassidy (R)
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)
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.