s2_economic impact of the ports of louisiana on the state and regional economics_ltc2013

7/29/2019 S2_Economic Impact of the Ports of Louisiana on the State and Regional Economics_LTC2013

1/13

Dr. Jim Richardson

Alumni Professor of Economics

Louisiana State University


2/13

Fact | Ports Impact Every Region Of Louisiana


3/13

High Impact GrowthPorts of Louisiana 2000-2010

$287

$203

$98

$0

$100

$200

$300

$400

$500

$600

Increase in Net Assets for

Louisiana Ports 2000-2010

(61% Increase)

$17

$13

$4

$0

$5

$10

$15

$20

$25

$30

$35

Increase in Net Income for

Louisiana Ports 2000-2010

(237% Increase)

Deep Draft Port Coastal Port Inland Port

$ In Millions

NET ASSETS (examples)

Lake Charles 407%

St. Bernard 107%

Fourchon 616%

Iberia 92%

Terrebonne 356%

Natchitoches 71%

Caddo-Bossier 104%

$7.5 million

$20.3 million

Avg=$57.4 million Avg=$2.9 million

$1.3 million

$0.3 million


4/13

High Impact GrowthGrowth in Tenants

LAKE PROVIDENCE

PORT COMMISSION

New Tenant: Myriant Industries

392,000 square foot facility

Bio-Based succinic acid plant

250 construction jobs

45-50 permanent jobs

CADDO-BOSSIER

PORT COMMISSION

1,400 Jobs on Property Increased Tenants 150%

from 2008-2011

Currently 20 Tenants


5/13

1,245

4,000

7,700

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Lake Charles Port of Iberia Port Fourchon

Employment of Companies on Port Properties

Estimated Capital Improvements of Port Tenants

$1,000 $1,000

$4,000

$0

$500

$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$4,500

Port Fourchon Port of Iberia Lake Charles

InMillions

High Impact Growth


6/13

Capital Investment$130 Million in 2010

Public- Private Endeavors

EconomicImpact

Creation andSupport

2,250Jobs

PersonalEarnings

$85.5M

State and LocalTax Collections

$11M

High Impact Investment Leads to Ongoing Activities


7/13

Facts | Ports Economic Impact on Louisiana

DIRECT SPENDING

$ In MillionsPERSONAL

EARNINGS

JOB CREATION

AND SUPPORT

STATE TAX

COLLECTIONS

LOCAL TAX

COLLECTIONS

Ongoing Port

Operations$67 1,198 $4.9 $3.8

Providers of Port

Services and

Businesses on

Port Property

$3,815 68,522 $278 $219

Cruise Ships $80 3,229 $5.9 $4.8

All Port and PortRelated Activity

$3,962 72,948 $289 $228

40-45% More than Oil and Gas Jobs and 50% of Manufacturing and 50% of Construction Jobs


8/13

High Impact Industries

Employment by Regional Labor Market Areas (RLMA)


9/13

High Impact Global Trade

Industries with Global and National Trade$ In Billions

SPENDING OUTPUT EARNINGS JOBSSTATE

TAXES

LOCAL

TAXES

Petro&Coal $22 $36.5 $5.6 94,500 $0.41 $0.32

Chemicals $10.5 $24.5 $4.1 77,700 $0.30 $0.24

Oil&Gas $10.3 $17.2 $3.4 58,200 $0.24 $0.19

Food Mfg $4.6 $9.8 $1.8 50,500 $0.13 $0.10

Wood $1.8 $4.2 $1.0 28,000 $0.07 $0.06

Paper $3.5 $7.0 $1.4 29,700 $0.10 $0.08

Fab. Metals $3.5 $6.9 $1.7 40,400 $0.13 $0.10

Agriculture $1.0 $2.3 $0.5 17,300 $0.03 $0.03

TOTAL $57.2 B $108.4 B $19.5 B 396,300 $1.4 B $1.1 B


10/13

High Impact Out-of-State Users

LOUISIANA $55 BILLION

31%

34%

15%

20%

LA AND 13 STATES $571 BILLION

6%

14%

17%

26%

12%

11%

14%Agriculture

Petroleum and Coal

Chemicals

Other

Non-Electric

Machinery

Computer &

Electronics

Transportation

Equipment

Exports

Build and Diversify Future Louisiana Business on Port Network


11/13

High Impact Out-of-State Users

ImportsLOUISIANA $82 BILLION

71%

15%

4%10%

LA AND 13 STATES $821 BILLION

27%

5%

9%

27%

16%

9%7%Oil & Gas

Petroleum & Coal

Chemicals

Other

Computer &

Electronics

Transportation

Equipment

Non-electornic

Machinery

Ports Can Attract and Promote New Industries


12/13

High Impact Delivered

Direct Spending by Ports, Tenants

and Businesses Serving Ports

73,000 Jobs

$4.0 Billion Earnings

Port Sensitive Industries

LA Industries with National and

Global Trade

396,000 Jobs

$19.5 Billion Earnings

1 in 5 Jobs in LA

Ports Attract and Promote New Industries

State Tax Collections

Local Tax Collections

$289 Million

$228 Million


13/13

s2_economic impact of the ports of louisiana on the state and regional economics_ltc2013

Documents