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2. South Carolina
5. North Carolina
4. South Carolina
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3. South Carolina
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Eric Stavriotis, Senior Vice President, Strategic Consulting, Jones Lang LaSalle
Scott Redabaugh, Managing Director, Jones Lang LaSalle
Dan Levine, Pricipal, MetroCompare LLC
Kathy Mussio, Managing Partner, Atlas Insight
Part of the acknowledgement for Louisiana's cooperative state government is due to its customized approach in working with companies. Case in point was the state's success in landing a new $10 billion gas-to-liquids complex for South African-based Sasol, which is set to start construction in 2013. Louisiana used a GIS tool to identify land that could be assembled to create a site to meet the company's unique requirements. That assistance helped Sasol cut four to six months off of its development schedule. In addition, the state created a custom incentives package specific to the company's needs.
"When you have a project of that scale, it is a massive undertaking. So for Sasol, having the ability to work very closely with the state, which included a number of different departments, has been a huge selling point for Louisiana," says Moret.
The fact that Louisiana has emerged as a leading state in the economic recovery is due in part to the state's strong energy sector. However, over the past five years, Louisiana also has been successful in attracting a number of new projects across a variety of sectors from manufacturing to healthcare. "We're really seeing growth in six to seven major sectors right now," says Moret. For example, the state's digital media and software development sector is booming thanks in large part to a very attractive tax credit that is available to firms in that industry. "We also have the best recruitment and training effort program in the country to go along with that. So the future is bright for more growth in that sector," he adds.