Index
of
Real
GSP
Growth:
US,
LA,
TX
1.3
Axis
Title
1.25
1.2
United
States
1.15
Louisiana
1.1
Texas
1.05
1
2001
2003
2005
2007
2009
2011
Index
Real
GSP
Growth:
LA,
MLU
1.3
1.25
1.2
1.15
Louisiana
1.1
MLU
1.05
1
2001
2003
2005
Northeast
Louisiana
Business
Outlook
Summit:
2013
Dr.
Robert
Eisenstadt,
University
of
LA‐
Monroe
Dr.
John
Francis,
Louisiana
Tech
University
CenturyLink
Center,
Monroe,
Louisiana
2007
2009
2011
The
Change
in
Real
GSP:
All
Sectors
2007-2011
State
2010-2011
Rank
% change
Rank
% change
North Dakota
1
29.80%
1
7.63%
Oregon
2
14.33%
2
4.74%
Louisiana
3
10.30%
37
0.52%
Alaska
4
9.85%
5
2.55%
District of Columbia
5
7.46%
12
1.95%
Texas
6
7.31%
4
3.31%
n/a
0.04%
n/a
1.47%
U.S.
The
Change
in
Real
GSP:
Private
Sector
Only
2007-2011
State
2010-2011
Rank
% change
Rank
% change
North Dakota
1
33.33%
1
8.68%
Oregon
2
15.80%
3
5.47%
Louisiana
3
10.39%
33
0.84%
Alaska
4
9.05%
6
2.98%
West Virginia
5
7.92%
2
5.67%
Utah
6
7.44%
11
2.22%
U.S.
n/a
-0.25%
n/a
1.76%
Employment
Index
1.1
1.08
1.06
1.04
US
LA
1.02
1
0.98
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Annual
%
Change
in
Real
Wage/Salary
Disbursements
7.00%
5.00%
3.00%
US
1.00%
‐1.00%
‐3.00%
‐5.00%
LA
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Construc[on
Index:
$
of
Real
GSP/GDP
1.1
1.05
1
0.95
0.9
US
Construc[on
0.85
LA
Construc[on
0.8
0.75
0.7
2007
2008
2009
2010
2011
Annual
%
Change
in
Construc[on
Employment
1.4%
2.0%
0.0%
‐2.0%
‐4.0%
‐6.0%
‐8.0%
‐10.0%
‐12.0%
‐14.0%
‐16.0%
‐18.0%
1.7%
2007
2008
0.8%
2009
2010
‐3.6%
2011
US
%chg
‐6.9%
LA
%
chg
Annual
%
Change
in
Permits:
Total
Units
40.0%
30.7%
30.0%
20.0%
10.0%
3.7%
7.3%
3.2%
4.7%
US
0.0%
LA
2008
2009
‐10.0%
‐9.4%
‐20.0%
‐23.3%
‐30.0%
‐40.0%
2010
‐30.3%
‐35.3%
‐35.6%
2011
2012
Manufacturing
Index:
$
of
Real
GSP/GDP
1.2
1.15
1.1
1.05
1
US
Manuf
0.95
LA
Manuf
0.9
0.85
0.8
0.75
2007
2008
2009
2010
2011
Annual
%
Change
in
Manufacturing
Employment
4.0%
2.0%
0.0%
‐2.0%
‐4.0%
‐6.0%
‐8.0%
‐10.0%
‐12.0%
2007
2008
2009
2010
2011
US
%
Chg
LA
%
Chg
Retail
Index:
$
of
Real
GSP/GDP
1.04
1.02
1
0.98
US
Retail
0.96
LA
Retail
0.94
0.92
0.9
2007
2008
2009
2010
2011
Annual
%
Change
in
Retail
Employment
3.0%
2.0%
1.0%
0.0%
‐1.0%
‐2.0%
‐3.0%
‐4.0%
‐5.0%
US
%
Chg
2007
2008
2009
2010
2011
LA
%
Chg
New
Purchases
of
Motor
Vehicle:
US
and
Louisiana
Annual
Percentage
Change
in
New
Vehicle
Sales
24.8%
30.0%
20.0%
11.0%
10.0%
10.8%
13.4%
11.1%
1.6%
US
LA
0.0%
‐10.0%
‐20.0%
‐30.0%
2009
2010
2011
2012
‐21.4%
‐28.0%
2008
2009
2010
2011
2012
Truck/SUV as Percent of Total Sales
US
48.4%
47.5%
50.4%
51.4%
49.0%
LA
59.3%
58.3%
61.6%
61.9%
60.3%
Finance/Insu
Index:
$
of
Real
GSP/GDP
1.3
1.25
1.2
1.15
1.1
US
Fin/Ins
1.05
LA
Fin/Ins
1
0.95
0.9
2007
2008
2009
2010
2011
Annual
%
Change
in
Finance/Insu
Employment
2.0%
1.0%
0.0%
‐1.0%
‐2.0%
‐3.0%
‐4.0%
2007
2008
2009
2010
2011
US
%
Chg
LA
%
Chg
Health/Social
Asst:
$
of
Real
GSP/GDP
1.2
1.15
1.1
US
Health
1.05
LA
Health
1
0.95
2007
2008
2009
2010
2011
Annual
%
change
in
Healthcare/Soc.
Asst.
Employment
5.0%
4.5%
4.0%
3.5%
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0%
US
%
Chg
LA
%
Chg
2007
2008
2009
2010
2011
New
Investment
in
Louisiana
• 
Nucor
Steel
(Convent
LA)
Region
1
…………………………1,250
jobs
• Intermediate
steel
products
• 
Lockheed
Mar[n
(New
Orleans)
Region
1
………………….166
jobs
• Liquefied
natural
gas
• 
IBM
(Baton
Rouge)
Region
2
……………………………..800
jobs
• Sogware
development/support
• 
Sasol
(Lake
Charles)
Region
5
• Natural
gas
to
liquids
………………………….1,275
jobs
• 
G2X
(Lake
Charles)
Region
5
• Natural
gas
to
gasoline.
……………………………...243
jobs
• 
Sundrop
Fuels
(Alexandria)
Region
6
…………………………..150
jobs
• Biofuels
• 
Century
Link
(Monroe)
Region
8
…………………….……..1000
jobs
• Telecommunica[ons
• 
Elio
Motors
(Shreveport)
Region
7
…………………….…..
1,500
jobs
• Automo[ve
manufacturing
Statewide
aggregated
outcomes:
Total
full‐[me
equivalent
jobs:
24,400
Total
Household
Income:
$1
billion.
Popula[on
Change
by
MSA:
2000‐2010
13.7%
15.0%
10.0%
6.0%
3.1%
5.0%
6.1%
14.5%
7.0%
3.8%
0.0%
NEW
LFT
MLU
SHV
AEX
‐5.0%
‐10.0%
‐11.3%
‐15.0%
2000‐2010
change
in
US
=
9.7%
2000‐2010
change
in
LA
=
1.4%
HUM
BTR
LCH
%
Change
in
Popula[on:
2010‐12
3.5%
3.1%
3.0%
2.5%
2.0%
1.6%
1.6%
BTR
LFT
1.7%
1.5%
0.8%
1.0%
0.5%
0.3%
0.8%
0.4%
0.0%
AEX
HUM
MLU
LCH
%
change
for
LA
=
1.5%
%
change
for
US
=
1.7%
%
change
all
MSAs
=
1.9%
SHV
NEW
Net
Migra[on
as
%
of
Popula[on
Change:
2010‐12
HUM
AEX
MLU
LFT
BTR
LCH
SHV
100.0%
40.8%
50.0%
14.8%
16.2%
0.0%
‐32.2%
‐50.0%
‐20.2%
‐100.0%
‐150.0%
‐144.1%
‐200.0%
‐250.0%
‐248.7%
%
of
Popula[on
of
Hispanic
Origin
Louisiana
USA
2007
3.1%
15.1%
2011
4.4%
16.7%
NEW
64.9%
%
Change
and
Rank
in
Gross
MSA
Product
Area
2007-11 Growth 2007-11 Rank 2010-11 Growth 2010-11 Rank
LFT
29.6%
1
5.5%
1
HUM
15.9%
2
-1.6%
8
SHV
11.0%
3
3.7%
2
BTR
8.7%
4
-0.1%
4
NEW
8.2%
5
-0.8%
5
LCH
7.6%
6
2.0%
3
AEX
1.6%
7
-1.1%
6
MLU
-2.9%
8
-1.5%
7
%
Change
in
Non‐Farm
Employment:
2007‐12
4.0%
3.3%
3.0%
1.6%
2.0%
1.0%
0.1%
0.0%
‐1.0%
AEX
SHV
MLU
HUM
‐0.7%
BTR
NEW
LFT
‐1.6%
‐2.0%
‐3.0%
‐2.9%
‐3.5%
‐4.0%
‐5.0%
LCH
‐4.8%
%
Change
in
Private
Sector
Employment:
2007‐12
AEX
SHV
MLU
LCH
HUM
BTR
NEW
LFT
‐2.0%
‐1.4%
‐2.2%
‐4.0%
‐1.1%
1.3%
3.3%
4.5%
%
Change
in
Non‐Farm
Employment:
2009‐12
6.0%
5.3%
5.0%
3.4%
4.0%
3.5%
5.5%
3.9%
3.0%
2.0%
1.3%
1.0%
0.2%
0.0%
‐1.0%
‐2.0%
AEX
SHV
MLU
NEW
LCH
BTR
LFT
HUM
‐1.7%
%
Change
in
Private
Sector
Employment:
2009‐12
AEX
SHV
MLU
NEW
LCH
BTR
LFT
HUM
‐1.4%
1.3%
1.6%
3.4%
0.9%
2.6%
6.0%
2.4%
%
Change
in
Total
Permits:
2007‐2012
NEW
AEX
BTR
MLU
LCH
LFT
HUM
SHV
0.0%
‐5.0%
‐10.0%
‐15.0%
‐20.0%
‐25.0%
‐30.0%
‐35.0%
‐40.0%
‐45.0%
‐50.0%
%
Change
in
Total
Permits
2009‐2012
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%
‐10.0%
‐20.0%
‐30.0%
‐40.0%
LCH
NEW
AEX
HUM
BTR
SHV
MLU
LFT
ExisCng
Home
Sales
Percentage
Change
in
Average
Selling
Prices
13.1%
15.0%
8.9%
10.0%
5.0%
5.4%
4.3%
‐0.9%
‐1.6%
‐1.7%
1.4%
0.0%
‐5.0%
US
SHV
NEW
BTR
‐5.2%
2009‐2012
MLU
2007‐2012
‐10.0%
‐15.0%
‐20.0%
‐25.0%
Metro
US
SHV
NEW
BTR
MLU
‐21.8%
2006
$221.90
$132.20
$173.10
$169.50
$143.50
2007
$217.90
$135.60
$160.30
$174.40
$147.80
2008
$196.60
$138.50
$160.50
$165.00
$145.10
2009
$172.10
$147.00
$160.10
$163.00
$152.60
2010
$173.10
$156.60
$159.70
$169.60
$154.70
2011
$166.20
$156.20
$153.00
$163.40
$163.90
3-qtr 2012.
mean
$170.50
$153.30
$157.60
$165.30
$160.90
%
Change
in
Manufacturing
Employment:
2009‐2012
15.0%
10.0%
5.0%
0.0%
NEW
‐5.0%
‐10.0%
‐15.0%
LCH
SHV
AEX
BTR
MLU
LFT
HUM
%
Change
in
Retail
Employment:
2009‐2012
3.0%
2.0%
1.0%
0.0%
LCH
‐1.0%
‐2.0%
‐3.0%
‐4.0%
HUM
LFT
NEW
BTR
MLU
SHV
AEX
Index
of
Retail
Sales
Ac[vity:
Non‐automo[ve*
1.15
1.1
1.05
US
1
Ouach
LA
0.95
0.9
0.85
2007
2008
2009
Ouachita
Parish
and
Louisiana
Retail
es[mated
from
sales
tax
collec[ons.
2010
2011
2012
Year over Year Change in Seasonal Sales
US
Ouachita
2010-11
6.50%
-0.30%
2011-12
3.80%
5.00%
New
Vehicle
Sales
(Lincoln,
Morehouse,
Ouachita):
2011
to
2012
Automobiles
SUV/Trucks
Ouachita
Vehicle
Registra[on
(es[mated)
2011
2,362
5,089
$264.8
million
2012
2,720
5,356
$278.5
million
%
chg
15.16%
5.25%
5.17%
2007
Ouachita
Vehicle
Registra[on
=
$254.7
million
%
Change
in
Finance/Insurance
Employment:
2009‐2012
20.0%
15.0%
10.0%
5.0%
0.0%
LCH
‐5.0%
‐10.0%
BTR
SHV
HUM
LFT
AEX
NEW
MLU
%
Change
in
Healthcare
Employment:
2009‐2012
6.0%
5.0%
4.0%
3.0%
2.0%
1.0%
0.0%
SHV
‐1.0%
LCH
AEX
MLU
HUM
NEW
BTR
LFT
And
the
winner
is
Chemical
Manufacturing….
• 
Employment
Mul[pliers
@
4.2‐7.8
• 
Income
Mul[pliers
@
2.5‐3.8
%
Change
in
Labor
Earnings
in
All
Industries
and
in
Chemical
Manufacturing:
2007‐2011.
LFT
HUM
SHV
AEX
NEW
BTR
LCH
MLU
Chemical
Manuf
180.30%
127.90%
70.40%
65.80%
22.70%
19.00%
14.50%
5.10%
All
Earnings
18.80%
18.60%
12.00%
7.60%
10.80%
13.40%
9.40%
4.00%
US
LA
3.00%
25.30%
8.80%
12.60%
The
%
Change
in
Earnings
by
Major
Industry
Group:
2007‐2011
Chem
All
Earn Manuf Const’n Retail Fin/Ins Inform Health Gov’t
LFT
180.3%
18.8%
32.7%
25.6%
11.1% 13.0% ‐18.0% 40.9% 15.8%
HUM
127.9%
18.6%
17.9%
19.8%
4.0% ‐10.2%
‐4.2% 20.3% 22.8%
SHV
70.4%
12.0%
‐16.6%
15.2%
12.5% 11.6%
‐3.6% 16.7% 18.1%
AEX
65.8%
7.6%
12.8%
‐23.0%
9.7%
‐0.7%
‐25.1% 18.7%
NEW
22.7%
10.8%
10.8%
10.0%
‐2.2%
8.9%
‐9.2% 26.3% 15.7%
BTR
19.0%
13.4%
20.1%
10.8%
6.8%
4.6%
4.5%
LCH
14.5%
9.4%
22.2%
0.1%
‐2.3%
9.1%
MLU
5.1%
4.0%
n/a
‐15.6%
‐6.0% 19.5% ‐33.8% 16.9% 11.7%
US
3.0%
8.8%
4.2%
17.2%
‐0.1%
LA
25.3%
12.6%
10.2%
6.9%
4.2% 13.6% ‐13.4% 25.1% 15.2%
4.0%
6.1%
27.7% 10.7%
‐52.0% 33.7% 12.5%
2.1%
19.5% 12.8%
Taxes
and
Tax
Policy
in
Louisiana
Louisiana
Tax
Revenues
by
Major
Source:
2007‐2012
Corp
Inc.
Ind.
Income
Sales
Severance
Other
Collec[ons
2007
$731,261
$3,269,522
$2,832,823
$925,072
$1,147,226
2008
$718,029
$3,189,563
$2,879,652
$1,169,161
$1,102,862
2009
$687,228
$2,855,056
$2,553,674
$704,050
$1,123,427
2010
$139,548
$2,166,976
$2,468,394
$753,394
$973,221
2011
$200,367
$2,422,957
$2,612,400
$736,212
$892,437
2012
$294,779
$2,594,763
$2,603,100
$874,176
$887,627
Tax
Revenue
as
a
Percentage
of
Total
State
Collec[ons
Corp
Inc.
Ind.
Income
Sales
Severance
Other
Collec[ons
2007
8.2%
36.7%
31.8%
10.4%
12.9%
2008
7.9%
35.2%
31.8%
12.9%
12.2%
2009
8.7%
36.0%
32.2%
8.9%
14.2%
2010
2.1%
33.3%
38.0%
11.6%
15.0%
2011
2.9%
35.3%
38.1%
10.7%
13.0%
2012
4.1%
35.8%
35.9%
12.1%
12.2%
Annual
%
Change
in
Infla[on‐Adjusted
LA
State
Tax
Revenue
by
type
of
Tax
(2012
dollars)
0.6
0.4
0.2
Gen
Sales
Ind
Inc
Tax
0
2000
‐0.2
‐0.4
‐0.6
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Corp
Inc
Tax
Formerly
Proposed
Changes
to
Tax
Policy
In
Louisiana
• Eliminate
Corporate
Income
Tax
• $294.8
million
in
2012
• Eliminate
Personal
Income
Tax
• $2.6
billion
in
2012
• Replace
Income
Tax
with
increased
Sales
Tax
Revenue
• Increase
State
sales
tax
rate
to
7.0%
5.88%
6.25%
• Increase
Tax
base
• Add
services
(lawn
care,
personal
care,
transport,
Business
Services,
other.)
• Increase
Cigareme
Tax
by
$1.05
$
GA
TX
SC
AZ
MO
SD
TN
FL
NH
CO
AL
UT
ID
OK
OR
LA
IL
OH
VA
NE
NM
MS
IN
NV
MT
KY
IA
NC
KS
MI
PA
WA
RI
WI
WV
AR
ME
MD
CA
NJ
MA
DE
MN
NY
CT
HI
WY
ND
VT
AK
Per
Capita
State
Tax
Collec[ons
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
$‐
State
NV
TX
WA
WY
SD
FL
TN
NH
AZ
NM
MS
ND
LA
SC
MI
AL
OK
IN
OH
ID
MO
IL
GA
KY
MT
AR
UT
PA
CO
AK
NE
VT
IA
WV
RI
KS
NC
DE
ME
WI
VA
HI
MD
MN
OR
NJ
CA
CT
MA
NY
Per
Capita
Individual
&
Corporate
Income
Tax:
2010
$2,500
$2,000
$1,500
$1,000
$500
$0
State
$9,000
Per
Capita
State
Tax
Revenue
plus
Per
Capita
Local
Property
Tax
$8,000
$7,000
$6,000
$5,000
$4,000
$3,000
$2,000
$1,000
AL
TN
OK
MO
SC
GA
AZ
LA
UT
NM
ID
SD
KY
AR
MS
TX
NC
OH
FL
OR
MT
CO
IN
WV
NV
WA
VA
MI
NE
IA
KS
PA
IL
DE
NH
MD
CA
WI
ME
MN
RI
HI
VT
ND
MA
NY
NJ
WY
CT
AK
$‐
State
AR
AL
KY
NM
OK
VT
LA
DE
WV
TN
UT
ID
MS
NC
MO
WA
SC
ND
AZ
HI
MT
GA
OH
SD
NV
IN
MI
PA
MN
OR
MD
KS
CA
IA
VA
NE
FL
TX
CO
WI
AK
ME
IL
WY
MA
RI
NH
NY
CT
NJ
Per
Capita
Local
Property
Tax:
2010
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$‐
State
?’s