Monthly and yearly energy forecasts, analysis of energy topics, financial analysis, congressional reports. Sign up for email subcriptions to receive messages about specific EIA products. Alabama UL Lafayette also regularly conducts bioprocessing research in partnership with private companies and the Louisiana Institute for Biofuels and Bioprocessing. Were changing the way the public thinks about manufacturing! Louisiana offers unparalleled access to key trade infrastructure, including, six deep draft ports, six Class I railroads, an international airport, and a highly connected interstate system. The small business community remains the backbone of our states economy, which is why we have worked so hard to maximize the impact of the U.S. Treasurys State Small Business Credit Initiative. That dollar amount results from an 87.5% acceleration from $45.4 billion in black ink one year earlier in 2021. Please refer to the appropriate style manual or other sources if you have any questions. The guarantee of suffrage (through the Voting Rights Act [1965]) and ever-increasing African American political involvement, however, have helped move the state toward being a more racially egalitarian society. What are the main industries in Louisiana? What is the most important industry in Louisiana? Connecticut Main Industry Education Website www.goodwillno.org Contact Information Headquarters 3400 Tulane Ave Ste 1000, New Orleans, Louisiana, 70119, United States (504) 456-2622 Goodwill Industries of Southeastern Louisiana Profile and History Lesson plans, science fair experiments, field trips, teacher guide, and career corner. Unlike production equipment, refineries, petrochemical factories, pipelines, and oil and gas seaports constitute an expansive infrastructure that can't easily move or shut down. North Dakota LED announced more than 50 major projects across the state, representing over $20 billion in new investment and more than 9,300 new jobs. Business - Louisiana.gov - The official website of Louisiana Chief executive of PetroQuest Energy, a Lafayette-based exploration and production firm focused on natural gas, Goodson believes south Louisiana's hydrocarbon production is in its twilight. Louisiana's economy grew slower than the national average in the first quarter, . Additionally, Louisiana State University (LSU), Louisiana Tech, Southern University, Tulane University and University of Louisiana at Lafayette (UL Lafayette) have specific programs and research strengths related to process industries. Web. Energy-Related Carbon Dioxide Emissions, Energy-Related Carbon Dioxide Emissions at the State Level, Early Release of 2022 Power Plant Operations Report Data, Annual Solar Photovoltaic Module Shipments Report, Midwest and Rocky Mountain Transportation Fuels Markets, East Coast and Gulf Coast Transportation Fuels Markets. The Biggest Industries In Louisiana - World Map / World Atlas / Atlas In 2005 Hurricane Katrina eroded an additional 73 square miles (189 square km) of the Louisiana coastland. White House support for carbon-capture projects is hitting opposition in Louisiana, where locals fear the risks and the influence of fossil fuel industries. Universities and technical colleges collaborate closely with businesses and economic developers to prepare students for real-world jobs. Greenhouse gas data, voluntary reporting, electric power plant emissions. The wealth of the plantations was accumulated through the extensive use of slaves, whose descendants comprise nearly one-third of Louisianas population and whose culture has contributed much to the social fabric of the state. Massachusetts Oil and gas are also the highest paying jobs in Louisiana. With parts of its land lying farther south than any portion of the continental United States except southern Texas and the Florida peninsula, and with New Orleans, its largest city, lying on roughly the same parallel as Cairo, New Delhi, and Shanghai, Louisiana owes much of its complex personality to its geographic position. Georgia Louisiana is the leading producer of salt (from stocks ascending into the shallow subsurface), and produces common clay, construction and industrial sand and gravel, crushed stone (mostly sandstone), gypsum, lime, and natural gemstones. That same year, the value of Louisiana's agricultural production and processing industries represented 3.1 percent of total state GDP. Louisiana Louisiana is home to the highest number of oil refineries per capita in the United States. Louisianas highly competitive incentives offer both new and existing process industry operations significant advantages. Kentucky That success can be attributed to our employees whose resiliency and dedication keeps Michoud energized.. Forbes currently ranks Louisiana in the U.S. Top 10 for most-affordable business costs, and the trade publications Area Development and Site Selection both rank the state in the Top 15 for business climate. Global companies situated the facilities in south Louisiana for reasons that won't disappear: proximity to production, Gulf ports, easy navigation on the Mississippi River, and access to 90,000 miles of pipelines. Britannica Quiz U.S. State Capitals Quiz Oil in Louisiana is often found in association with numerous salt domes (blisterlike intrusions in the bedrock), and sulfur lies in the caprock overlying the salt. 1000 Peachtree Street N.E. Post-employment classes are strategically developed and sequenced to orient new team members into a companys organization. New Hampshire Manufacturers can benefit from Louisianas sizeable available workforce and status as a right-to-work state. Tennessee It is the biggest producer of shrimp in the entire country, but catfish, crayfish, and oysters are also major commodities, contributing to $331 in annual revenue from fishing. N.p., n.d. Louisianas industrial natural gas rates are also highly competitive: third lowest in the nation and more than 30% below the national average. Contact us at: (225) 342-3111 | TDD (800) 259-5154 |, LOIS (Louisiana Occupational Information System), Employment & Wages Quarterly Data Archives, Louisiana Target Employment Areas EB-5 Program, LMI Downloads (Forms, Publications, etc. Massachusetts More recently, corruption in state politics and an explosion of crime in the New Orleans area have marred that citys colourful image. Louisiana understands that a companys ability to ramp up quickly and efficiently is a significant factor in deciding its location decision. Nevada My administrations efforts to revitalize Louisianas rural communities accelerated in 2022. We represent the views and interests of the Louisiana business community in the political, legislative, judicial and regulatory processes. Three of the nation's seven largest oil refineries, based on capacity, are in Louisiana. Venture Globals Calcasieu Pass LNG facility begins operations as European demand for U.S. natural gas soars. Louisianans await the answer to that question with great interest. Pennsylvania State programs drive investment in life sciences, water management, technology, aerospace digital media and more. As Louisiana's energy industry has shrunk, its composition has shifted. Louisiana's oil industry dates back to September 1901, when the first successful oil well was drilled in a small town by the name of Jennings, Louisiana ("Louisiana Department of Natural Resources." HIST: First Oil Well. The Shreveport Aeropark has more than 230 acres available with water, sewer, roadways, electric and natural gas already in place in addition to rail and port access. Iowa Top 10 Companies Headquartered in Louisiana by Employment . 50 Louisiana Oil & Gas Association, The History of Louisiana's Oil & Gas Industry, Jennings Field, . Oklahoma Photo courtesy of the Library of Congress photographic archives, Hancock Whitney Center was named One Shell Square until 2017. Tourism and energy production are taking critical hits. Healthcare is Louisianas biggest employer. Achieving the Goldilocks equilibriuma price not too high and not too lowhas proven elusive. 13. Michigan They have experience working with aerospace companies like Boeing, Lockheed Martin and Northrop Grumman. Connecticut Refineries are vast networks of machinery meant to run constantly. New Orleans | History, Economy, Culture, & Facts | Britannica Throw in a worldwide pandemic that squashed demand for petroleum products, and conditions went from difficult to dire. Kansas Major Economic Indicators; Schedules for news Releases; By Month; By News Release; Current Year; . LED FastStarts ability to keep Louisiana on the leading edge of workforce development is a remarkable success story, one made possible by the support of higher education leaders and a strong commitment from the Legislature and governor to invest in our workers. Let us know if you have suggestions to improve this article (requires login). Photo courtesy of Library of Congress photographic archives. Rhode Island Charles Goodson sees these trends play out daily. . Reserves, production, prices, employment and productivity, distribution, stocks, imports and exports. Maine When the combined output of Louisiana's energy sector is adjusted for inflation, it exceeded $80 billion a year in the early 1980s, fell to about $70 billion by 2005, and slid to $28 billion in 2017. Designed in New Orleans by. The Louisiana Oil and Gas Association, a trade group, reported that its members laid off 23 percent of employees, according to a survey released May 4. The Gulf of Mexico, on the other hand, still harbors considerable oil reserves. The slide in employment followed the global oil surplus that rendered much Louisiana oil and gas unprofitable to extract. Check out the digital version of LABIs statewide business publication, 5th & Main magazine by clicking below. Oil, natural gas, commercial fishing, chemicals, and agriculture are five industries that are a vital part of the state's economy. Agriculture is a major part of . Florida LED FastStart team members have developed and managed hundreds of customized workforce training programs for a wide variety of companies across multiple industry sectors, including Fortune 500 companies. 18. Louisiana is one of only two states in the country where all six of North Americas class one railroads converge. Louisiana leveraged its unique business advantages, sector diversity and support for innovation and climate action to expand its economy in 2022. For competitive projects that involve substantial new-job creation, major investment and the majority of sales to out-of-state customers, Louisiana has the ability to be agile and flexible customizing incentives and workforce solutions, aligning state and local resources, connecting companies with valuable resources, and coordinating permitting and startup activities to ensure that operation proceeds smoothly and on schedule. From a successful NASA space launch made possible by aerospace workers trained at Louisiana colleges to a $50 million federal grant kick-starting an offshore wind-powered hydrogen energy plan in south Louisiana, partnerships powered investment and innovation. Chennault is home to several aviation tenants including defense contractor Northrop Grumman, which conducts depot maintenance and heavy maintenance on U.S. Air Force and federal government aircraft; Citadel Completions, which provides completion and MRO service for privately-owned, corporate protocol and government-owned aircraft; and Landlocked Aviation Services, which provides paint services for commercial and military aircraft. After determining the competencies that match the cultural and technical abilities that will help define the most successful employee, the LED FastStart team employs traditional and innovative methods to recruit qualified talent that matches the companys specific requirements. $15.9 million expansion of Birla Carbon facility in St. Mary Parish creates 17 new direct and indirect jobs, retains 146.. Delaware Nevertheless, the state's longtime economic bedrock faces questions. This GDP growth is lower than 40 of the 50 U.S. states. Through dizzying swings in fortunes, energy has remained a cornerstone of the state's economy for more than a century. Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. Manufacturing Extension Partnership, Baton Rouge. Similarly, Louisiana's movie theatres and theatres nationally have experienced an 80% reduction in ticket sales, or the worst sales in 40 years3. W = Withheld to avoid disclosure of individual company data. This improves the quality of living for residents and enhances infrastructure, education, health care, average income and quality of living. Puerto Rico "That is a scary scenario and is the one that gives me the most concern because it's never happened," he said. Louisianas aerospace sector is poised for expansion, thanks to the states unique combination of business advantages: superior infrastructure and logistics, abundant sites, expedited permitting, competitive incentives, the best customized workforce development program in the country and an established advanced manufacturing talent pipeline sustained by higher education partnerships. The state is a national leader in the production of salt and is also a major source of sulfur, sand, gravel, and clay. Guam EIA's free and open data available as API, Excel add-in, bulk files, and widgets. Briggs says this industry must be supported. In Louisiana, the main shale lies underneath the northern part of the state. In addition, Louisiana has more than 24,000 miles of natural gas pipeline, carrying natural gas to all parts of the country. Florida Research centers and universities throughout the state fuel innovation, provide skilled workers to companies in process industries and graduate new chemical engineers each semester. CF Industries invests $2.2 billion in carbon-reduced ammonia production at new and expanding Donaldsonville manufacturing facilities. Millions of Americans' personal data exposed in global hack | CNN Politics Chennault International Airport in Lake Charles has a 10,700- by 200-foot runway capable of accommodating very large commercial aircraft and possesses over 1.5 million square feet of occupied hangar and building space with more than 500 acres available for lease including certified sites. Capital investments from major national and international corporations have risen annually since 2017 and did so again in 2022. LA23 is a bold initiative to position Louisiana as an economic leader in the South by 2030, crafted through extensive research and a vetting process with a broad array of stakeholders to define and articulate key issues that face the people and businesses of Louisiana. California Maine The upstream business there, Goodson said, will never again approach the heady days of the 1970s and '80s. Rhode Island It is a strategic plan and 8-year vision, but with specific near-term milestones to provide informed policy guidance for candidates in the fall 2023 elections. "Your producing bases in America will be focused on shale basins, unless new technology that is unforeseen today is developed," said Goodson, a member of the Atlanta Fed's Energy Advisory Council. In a significant reversal, refining and pipeline transportation generated more economic output than oil and gas extraction and support activities for eight straight years through 2017. Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. Roughly half of all U.S. refining capacity is in Louisiana and Texas, according to statistics from the U.S. Energy Information Administration (EIA). LABI consolidates your interests along with thousands of business leaders in the state to provide one voice on behalf of business in Louisiana. Connecticut Key Industries Process Industries Pipelined Progress: Louisiana's Process Industries Home to more than 150 petrochemical manufacturers and 18 refineries, Louisiana offers considerable strategic advantages for companies in the process industries. How much money does Louisiana's oil and gas industry generate? Kentucky Our states robust colleges and universities play a critical role in preparing Louisianas workers with the skills necessary to thrive in todays economy. Tourism and energy production are taking critical hits. Louisiana's imports and exports of goods 2022 - The Statistics Portal New Mexico Home to thousands of workers across dozens of industries, Louisiana residents have the technical expertise necessary to excel in a rapidly evolving economy. Neighboring communities are home to several helicopter maintenance facilities and helicopter transportation companies: PHI Group, Arrow Aviation, RLC as well as leading helicopter industry OEM support facilities for Bell Helicopter and Leonardo. Industry employment has fluctuated, too. Come test out some of the products still in development and let us know what you think! Louisianas geographical position on the Gulf of Mexico makes commercial fishing one of the top industries for the state. But depressed fuel prices can wreak havoc on refiners. The Category 4 hurricane that struck Louisiana late last month fractured some parts of the industry even worse than 2005s Katrina, which cost seafood businesses more than $1 billion. It is a strategic plan and 8-year vision, but with specific near-term milestones to provide informed policy guidance for candidates in the fall 2023 elections. It topped 120,000 in Louisiana in the early 1980s and currently sits at about 75,000, with many of those jobs servicing clients outside the state (see chart 2). The owner of Louisiana's largest refinery cut 70 percent of its contractors and 16 percent of its employees nationwide, according to the firm's earnings conference call in early May. Arizona West Virginia Industry employment has fluctuated, too. Why Louisiana - The World Trade Center of New Orleans New Jersey Louisiana agriculture, 1940-1977: economic trends and current status - LSU Note: Components of "Utility-scale net electricity generation (share of total)" may not add to 100% because "Total utility-scale net electricity generation" includes net generation from petroleum coke, pumped storage hydroelectric, other gases, and other energy sources, which are not shown separately. Together, we will ride the momentum of 2022 into 2023 in our never-ending pursuit of prosperity for our state and its people. Illinois Note: Small differences between source data and values displayed here may be due to independent rounding. General Dynamics Information Technology opens office to support $136 million Navy contract. Underlying success in these and all areas is an approach to economic development that prioritizes public-private and state-federal partnerships. Iowa For bio-derived commodities, Louisianas diverse portfolio of feedstock supports processing and transport of primary crops in-state that include timber, sugar, rice, corn, cotton, grasses and beans. The same general pattern of steady decline held for natural gas until the advent of shale fracking and horizontal drilling boosted output over the past decade. LED FastStart, the nations No. Local site managers work hard to maintain strong, safe communities for themselves, their families, and their neighbors. Louisiana's Top Exports 2022 - World's Top Exports Trade metrics "What we don't know," Dismukes said, "is what the long-term, structural changes in energy demand are going to be.". At the core of Louisianas competitive advantages is the strength of its business climate. All rights reserved. Industry. Louisiana shares the general physiographic characteristics common to the Gulf Coast states of the southern United States, with the vital exception of the Mississippi River, which borders and then flows through the state and extends its delta far into the Gulf of Mexico. 2022 was a milestone year for business investment and job creation in Louisiana. 2014). In part, that rebound didn't occur because some of the production platforms off the coast of Louisiana shut down a few years ago and never restarted because for certain firms the economics didn't make sense, said David Dismukes, executive director and professor at the Center for Energy Studies at Louisiana State University. Millions of people in Louisiana and Oregon have had their data compromised in the sprawling cyberattack that has also hit the US federal government, state agencies said late Thursday. Mortality patterns among residents in Louisiana's industrial corridor Additional centers providing innovative partnerships and growth opportunities include: LED FastStart, the nations No. This timeline depicts Louisiana's imports and exports of goods from January 2017 to September 2022. . Arkansas And our unambiguous embrace of the emerging clean energy economy has attracted investment from both legacy energy companies and start-ups investing in emissions reduction technologies and offshore wind, solar and renewable fuels projects. Manufacturers in Louisiana employ more than 135,000 of her citizens, with an average annual compensation of more than $95,000. Schlumberger centralizes North Gulf Coast operations at new $11.5 million hub, creating 113 new direct and indirect jobs in Lafayette. Our climate action plan the first and only such plan in the Gulf South has enhanced our strength as an energy state by balancing a long-term vision for emissions reduction with an aggressive response to current market demands. 1 state workforce development program, creates customized workforce recruitment, screening and training solutions. Admitted to the union in 1812 as the 18th state, Louisiana commands a once strategically vital region where the waters of the great Mississippi-Missouri river system, draining the continental interior of North America, flow out into the warm, northward-curving crescent of the Gulf of Mexico. Iowa What natural resource is Louisiana known for? (2023) - Investguiding Mineral output is great, and the state ranks among the countrys leaders in oil and gas production. The manufacturing industry added the most real value to the gross domestic product of Louisiana, amounting to around 39.48 billion U.S. dollars. Mississippi Natural gas prices have been bumping along rock bottom for the past few years, thanks to a production boom fueled by fracturing technology, or fracking, and horizontal drilling. No one yet knows how many boats, docks and processors were lost because of Ida's relentless, 150-mph winds. The Nunez program was developed with more than $2 million in funding from LED and the Louisiana Community and Technical College System and program implementation expertise from LED FastStart, which determined what types of equipment, tooling, facilities, skills and curriculum were needed by industry. Alliance Compressors invests $45 milllion in Natchitoches Parish expansion to meet global demand for energy-efficient a/c, adding 174 new jobs and retaining 520. VOTE NOW: Is Louisiana Sen. Bill Cassidy Doing a Good Job? Louisianas low-tax environment offers business operations significant cost savings. That side has become increasingly important in Louisiana. Nicholls State University partners with the U.S. Bureau of Ocean Energy Management to develop Gulf Coast research database. The remaining 40% comes from livestock, mostly cattle and calves. The magnolia is the state flower of Louisiana. New Orleans: Economy - Major Industries and Commercial Activity In addition, the airports second industrial park, the Warehouse District, has about 50 acres ready for development with infrastructure in place. Senators: Bill Cassidy (Republican) John Kennedy (Republican) See all facts & stats The British magazine The Economist has tracked global commodity prices since the mid-1800s and declared in late April that in its oil price data for the past 160 years, "the most striking feature is the absence of any discernible pattern or trend.". Labor Market Information Menu - LAWorks Homepage - Louisiana Workforce Monroe Regional Airport, in Monroe, offers four sites for development including parcels of 178 acres and 240 acres that border Kansas City Southern and Union Pacific railroad tracks, respectively, with the ability to access the airfield. Oregon The states superior transportation infrastructure and proximity to abundant natural resources, coupled with a large selection of identified and certified sites make doing business in Louisiana an optimal choice for fuel and chemical processing industry operations. The total area of Louisiana includes about 4,600 square miles (12,000 square km) of inland waters. Louisiana Center for Manufacturing Sciences, Shreveport. NASA has been manufacturing state-of-the-art space flight hardware at the Michoud Assembly Facility in Louisiana for over 60 years. Canfor breaks ground on new $160 million sawmill facility in DeRidder. Mississippi LA23 is a bold initiative to position Louisiana as an economic leader in the South by 2030, crafted through extensive research and a vetting process with a broad array of stakeholders to define and articulate key issues that face the people and businesses of Louisiana.
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