Our previous blog post highlighted recession-proof jobs and employment sectors, so I thought a recent news story about a “recession-proof” state would be pertinent to mention. Most Americans now think of Hurricane Katrina when they hear about Louisiana. But with a new governor, economic prowess, and some optimism, this fine state is ready to rebound from its disaster relief image. The gulf state, already the nation’s number one producer of crude oil, has purchased 1,500 acres of land in hopes of luring a major automotive plant. Additionally, it offers a unique business tax incentive that specifically targets the booming digital media industry. And sights are set on bringing in biotechnology and life sciences companies to diversify the state’s business climate.With all of the international chatter about the U.S. economic backslide, Louisiana’s development team seems undaunted. In fact, Donald Pierson, the state’s assistant secretary for economic development, considers Louisiana to be “a little bit more recession-proof.”
- Growing Louisiana’s Workforce: High Tech Training for the New Economy In an effort to grow its economy and lure new industries to the state, Louisiana has passed several economic development initiatives and policies, including new legislation to reform the […]
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To keep up with growing container trade, the GPA plans to double Garden City Terminal’s annual capacity from 5.5 million to 11 million TEUS. Improvements will include a new container port on Hutchinson Island, expansion of GPA’s ship-to-shore crane fleet and berth improvements.