Economic Impact
ECONOMIC POWERHOUSE ON THE RIVER:
The Economic Impact of Industries Within the Port of South Louisiana Jurisdiction on the Louisiana and Port Region Economies, a study by Loren C. Scott & Associates, Inc. (2015), available upon REQUEST
$14 BILLION IN SALES
at firms in the River Region can be traced back to the presence of Port companies
at firms in the River Region can be traced back to the presence of Port companies
OVER $1.8 BILLION IN EARNINGS
of households in the River Region represents a remarkable 41% of all personal income of residents in these three parishes
of households in the River Region represents a remarkable 41% of all personal income of residents in these three parishes
30,180 JOBS
in the River Region supported by Port companies’ activities represents 63% of all the jobs in the region
in the River Region supported by Port companies’ activities represents 63% of all the jobs in the region
$20 BILLION IN SALES
at firms in Louisiana can be traced back to Port companies’ activities
at firms in Louisiana can be traced back to Port companies’ activities
$310.5 MILLION IN TAXES
generated for Louisiana’s treasury was about 4% of total taxes and fees collected in FY2013, and it was greater than the sum of corporate franchise taxes, alcoholic beverages, tobacco taxes, and New Orleans Exhibition Hall room taxes
generated for Louisiana’s treasury was about 4% of total taxes and fees collected in FY2013, and it was greater than the sum of corporate franchise taxes, alcoholic beverages, tobacco taxes, and New Orleans Exhibition Hall room taxes
83,409 JOBS
created in Louisiana by Port companies’ activity in 2013 was larger than the combined employment of all Louisiana banks, credit unions, security/commodities firms, insurance firms, real estate firms, and water transportation firms in that year
created in Louisiana by Port companies’ activity in 2013 was larger than the combined employment of all Louisiana banks, credit unions, security/commodities firms, insurance firms, real estate firms, and water transportation firms in that year
LOUISIANA’S CHEMICAL INDUSTRY IS CORNERSTONE OF THE STATE’S ECONOMY
A STUDY by Loren C. Scott & Associates, Inc. (2018) for the Louisiana Chemical Association (LCA)
#1 PROVIDER OF JOBS
in Louisiana’s manufacturing sector
in Louisiana’s manufacturing sector
$79.7 BILLION IN SALES
for business in Louisiana
for business in Louisiana
$1.1 BILLION
contributed to the Louisiana treasury
contributed to the Louisiana treasury
8.3 JOBS CREATED
in other sectors for every job created in the chemical industry
in other sectors for every job created in the chemical industry
$160 BILLION | 19,000 JOBS
in announcements of new chemical facilities or expansions (since 2012)
in announcements of new chemical facilities or expansions (since 2012)
$14.5 BILLION
in investments will come onto local property tax rolls
in investments will come onto local property tax rolls
$106,000 YRL AVG WAGE
for employees in the industry, an additional $60,000 more than the state’s median income
for employees in the industry, an additional $60,000 more than the state’s median income
$959.5 MILLION
provided annually to local governments across the state
provided annually to local governments across the state
$15.7 BILLION
generated in household earnings, approximately 12.4% of all state earnings
generated in household earnings, approximately 12.4% of all state earnings