Lafayette Region Business Climate

The Right PlaceTo Do Business.

The Acadiana region is home to a world-class workforce, an integrated transportation network, a diversified business base, preeminent high-tech infrastructure, and boasts one of the best quality-of-life to cost-of-living ratios in the nation.

Business Climate

 

An Economic Snapshot

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Acadiana outranks other regions as one of the lowest-cost places for doing business. Louisiana ranks as a top 10 states with the lowest tax burden for both mature and new firms.

With some of the business location costs and robust incentives, growing business in Acadiana is an ideal place for companies of all sizes.

A Better Bottom Line

  1. No. 1: Lowest tax burden in the U.S. for new capital-intensive and labor intensive manufacturing operations.
  2. No. 2: Second-lowest industrial electricity rates in the South, averaging 19 percent below the national average between 2012-2014
  3. No. 1: Lowest industrial natural gas rates in the South, averaging 18 percent below the national average between 2012-2014.
  4. No. 1: Acadiana has lower manufacturing wages than Louisiana, the South, and the U.S.

Regional Economic Profile

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Midway between New Orleans and Houston lies a region in South Louisiana that locals call Acadiana and the world knows as Cajun Country. At the crossroads of I-10 and I-49, the region is poised for further growth with eight industrial sites that are certified shovel-ready, as well as ample low-cost land prime for development. The area offers two Class 1 rail lines, seven coastal ports, and two commercial airports.

Major Acadiana Employers

Private industry has made a significant investment in our nine-parish region. Major regional employers include companies servicing the construction and manufacturing sectors, as well as health care, transportation/distribution, and higher education.

Name Parish Jobs Industry
Lafayette General Health Lafayette 4,250 Health Care
University of Louisiana - Lafayette Lafayette 2,500 Higher Education
Our Lady of Lourdes Regional Medical Center Lafayette 1,500 Health Care
Superior Energy Services, Inc. Lafayette 1,250 Oil and Gas
Stuller, Inc. Lafayette 1,250 Manufacturing
Opelousas General Health Systems St. Landry 1,240 Health Care
Oceaneering International St. Mary 1,200 Oil and Gas
Acadian Companies Acadiana 1,100 Transportation / Health Care
Walmart Distribution Center St. Landry 1,100 Transportation/Logistics
Quality Construction & Production USA Lafayette 950 Construction
Schlumberger Lafayette 750 Oil and Gas
Baker Hughes Lafayette 750 Oil and Gas
Frank's International Lafayette 750 Oil and Gas
LHC Group, Inc. Lafayette 700 Health Care
Halliburton Lafayette 650 Oil and Gas
PHI, Inc Lafayette 600 Transportation
Cameron Valves Evangeline 500 Manufacturing
United Vision Logistics Lafayette 500 Transportation
Schumacher Group Lafayette 500 Health Care
CGI Lafayette 350 Technology
McIlhenny Co. (Tabasco) Iberia 250 Food Processing
C.H. Fenstermaker & Associates Lafayette 225 Engineering
IBERIABANK Acadiana 225 Banking

Low Tax Burden Rankings

Louisiana's competitive business tax structure achieves top rankings for having some of the lowest state and local tax burdens for new firms across several categories. (Source: A Tax Foundation/KPMG study)

State Capital-Intensive Manufacturing Labor-Intensive Manufacturing R&D Facility Corporate Headquarters
Louisiana #1 #1 #1 #4
Alabama #18 #12 #36 #24
Arkansas #25 #13 #13 #11
Florida #44 #33 #34 #28
Georgia #15 #4 #12 #25
Mississippi #39 #22 #17 #17
North Carolina #35 #11 #20 #6
Oklahoma #11 #7 #10 #5
South Carolina #46 #19 #32 #26
Tennesse #28 #34 #38 #38
Texas #45 #46 #48 #40
Virginia #49 #36 #45 #31

 

Explore Our Region

Vermilion Parish

Vermilion Parish is known for its fresh seafood, bountiful agriculture, great access via road and waterways, and a rich history of cultural and eco tourism. This bilingual (English/French), coastal parish is large and diverse with wandering bayous and farmlands, authentic local cuisine, family-friendly festivals and Cajun towns connecting it all. Vermilion is centrally located in the southern part of Louisiana immediately adjacent to the Gulf of Mexico. This proximity to the Gulf makes the parish an ideal location for the numerous companies needed to serve this region’s oil and gas industry.

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St. Mary Parish

In St. Mary Parish – or “The Cajun Coast” – the blending of French, Italian, Spanish, English, African, Native American, and Cajun traditions created a rich and flavorful “gumbo” of communities. The Atchafalaya River basin and the Gulf of Mexico serve as the lifeblood for the parish, which is composed of five municipalities: Morgan City, Berwick, Patterson, Franklin, and Baldwin, as well as the Chitimacha Nation in Charenton.

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St. Martin Parish

With a population of approximately 53,000, St. Martin Parish is part of the Lafayette MSA and sits at the corridor of both Interstate 10 and U.S. Highway 90.  St. Martin Parish is the only parish to have non-contiguous parts, in that, there are three major geographical areas dividing the 740 square mile parish, including the Atchafalaya Basin, the prairie, and the Bayou Teche area, on which several noteworthy cities, including the parish seat of St. Martinville, are located.

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St. Landry Parish

St. Landry Parish is moving forward. Located in the heart of Cajun and Creole heritage, this culturally diverse parish (county) in Southern Louisiana is a unique place both to live and do business – where hard-working people “live their culture” and are building a thriving economic base along with a high-quality trained workforce.

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Jeff Davis Parish

People from all over the world visit Jefferson Davis Parish to enjoy and experience rich Cajun and Indian culture. Jeff Davis Parish’s location, natural beauty, climate and small-town atmosphere offer a unique place for your family or business. The parish’s economic base includes health care services, shipbuilding, construction, agriculture, and oil field services. The parish has many industrial sites including the Lacassine Industrial Park on I-10.

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Iberia Parish

Iberia Parish, Louisiana and its progressive communities are the place for exciting opportunities. Iberia Parish offers a unique mix of southern fun and hospitality nestled in the heart of “Cajun Country.” Moss-draped Live Oak trees and beautiful antebellum homes serve as the backdrop for a hard-working labor force, cutting edge medical and industrial technology along with worldwide leaders in the exploration of oil and natural gas.

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Evangeline Parish

Perhaps no parish in Acadiana is more possessive of its heritage than Evangeline. Its citizens will tell you (seriously, but with a humorous touch, too) that they have the best gumbo, the best boudin (a sausage-like local favorite), and other Cajun delicacies. When it comes to Louisiana French country flavor, no parish surpasses this parish in the northwest corner of central Acadiana.

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Acadia Parish

Perfectly located along the I-10 corridor with major US Highways, railways, waterways, a port and airports, Acadia Parish offers the transportation resources needed for productive commerce. Cost of living and sites for business are affordable. This humble community is home to a culturally diverse and devoted population whose work ethic is as strong now as it was when their Cajun forefathers first settled here. Acadia Parish’s quaint charm makes it a great place to live, work and retire.

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Lafayette Parish

Affectionately known as the "Hub-City" of Acadiana, Lafayette, LA offers the essential elements needed to ensure the growth and development of its business community. Lafayette is set apart by its strategic location, a world-class workforce, a pro-business climate, and an unmatched quality of life. These attributes, complemented by a high-tech infrastructure and quality real estate, make Lafayette a unique place to live, work, play and do business.

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