Expanding In-State Business

Established Louisiana companies are expanding and taking on new business ventures. It’s a sign of continued growth for the state’s economy, and a signal that Louisiana businesses are committed to building a prosperous future for our state. 

Playing a supporting role for in-state economic development, the LED Business Expansion and Retention Group (BERG) supports existing economic driver companies, which are typically mature companies in high-growth industries. These companies account for roughly 60 to 70 percent of all new job growth in Louisiana. BERG meets with company leaders to build relationships, understand their challenges, and facilitate retention and expansion activities. In 2021, LED’s BERG team conducted over 400 in-person and virtual visits with economic driver companies across the state. 

The breadth of companies choosing to expand is impressive, and so are the reasons they have chosen to invest. From energy leaders like ExxonMobil, the 12th largest company in the world by revenue according to Fortune 500’s global rankings, to Intralox, a conveyor belt manufacturer supporting production lines, companies across the globe count on Louisiana’s advantages: low business costs, competitive incentives, natural resources, superior infrastructure and logistics, and the best workforce training program in the country.