By Robert Mann
Few, if any, at the state Capitol should have been shocked that no Louisiana city was among the 20 finalists for the massive, new second Amazon.com headquarters, also known as HQ2. The $6.56 billion in tax incentives state Economic Development officials offered could not persuade the company to bring its 50,000 employees here.
Imagine a mountain of money that tall being insufficient to overcome a state’s colossal economic and social problems. I would love to read the assessment on Louisiana that Amazon’s site selection consultant prepared for the company’s brass. I suspect it might look something like this:
To: Jeff Bezos, Amazon CEO
From: The Site Selection Team
Reg: Louisiana’s Bid for HQ2
Louisiana has offered an impressive incentive package, hoping to lure us to the Bayou State. While it enjoys many natural resources (including the Gulf of Mexico and the Mississippi River) and a vibrant and diverse culture, Louisiana is among the least desirable locations in the nation.
In Politico’s recent annual assessment of the states, Louisiana finished last for the second year in a row, based on its cumulative poor rankings in the following categories: per capita income, unemployment, poverty, home ownership, high school graduates, life expectancy at birth and infant mortality. For all the reasons discussed below, we cannot recommend locating this facility in Louisiana.
Economy: There is almost nothing about Louisiana’s economy that is attractive to a company like Amazon. Louisiana has one of the nation’s worst business environments, and its economic growth is among the most anemic. It has some of the lowest economic opportunity and ranks poorly in gender equality. Its worker environment is last among the states. Only one state has a higher poverty rate.
In WalletHub’s recent ranking of the most innovative states, only two — Mississippi and West Virginia — were considered worse. It’s among the least hospitable places for working moms and working dads and is also one of the worst states for millennials. It is the least financially literate state.
Continue reading on NOLA.com at this link.