Dr. Jim Richardson
Alumni Professor of Economics
Louisiana State University
Fact | Ports Impact Every Region Of Louisiana
High Impact Growth
Ports of Louisiana 2000-2010
Lake Charles
407%
Increase in Net Assets for
Louisiana Ports 2000-2010
(61% Increase)
$600
St. Bernard
107%
$500
Fourchon
616%
$400
NET ASSETS (examples)
Iberia
Terrebonne
Natchitoches
Caddo-Bossier
92%
356%
71%
104%
$98
Increase in Net Income for
Louisiana Ports 2000-2010
(237% Increase)
$35
$7.5 million
$30
$25
$203
$20.3 million
$1.3 million
$15
$200
$10
$287
Avg=$57.4 million
$0
$0.3 million
$13
$20
$300
$100
$4
$5
$17
Avg=$2.9 million
$0
$ In Millions
Deep Draft Port
Coastal Port
Inland Port
High Impact
Growth
Growth in Tenants
CADDO-BOSSIER
PORT COMMISSION
• 1,400 Jobs on Property
• Increased Tenants 150%
from 2008-2011
• Currently 20 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
High Impact Growth
Employment of Companies on Port Properties
9,000
7,700
8,000
7,000
6,000
5,000
4,000
4,000
3,000
2,000
Estimated Capital Improvements of Port Tenants
1,245
1,000
$4,500
0
$4,000
Port of Iberia
Port Fourchon
$3,500
In Millions
Lake Charles
$4,000
$3,000
$2,500
$2,000
$1,500
$1,000
$1,000
$1,000
Port Fourchon
Port of Iberia
$500
$0
Lake Charles
High Impact Investment Leads to Ongoing Activities
Capital Investment
$130 Million in 2010
Public- Private Endeavors
Economic
Impact
Creation and
Support
2,250
Jobs
Personal
Earnings
$85.5M
State and Local
Tax Collections
$11M
Facts | Ports Economic Impact on Louisiana
DIRECT SPENDING
$ In Millions
PERSONAL
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 Port
Related Activity
$3,962
72,948
$289
$228
40-45% More than Oil and Gas Jobs and 50% of Manufacturing and 50% of Construction Jobs
High Impact
Industries
Employment by Regional Labor Market Areas (RLMA)
High Impact
Global Trade
Industries with Global and National Trade
$ In Billions
SPENDING
OUTPUT
EARNINGS
JOBS
STATE
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
$57.2 B
$108.4 B
$19.5 B
396,300
$1.4 B
$1.1 B
TOTAL
High Impact
Out-of-State Users
Exports
LOUISIANA $55 BILLION
LA AND 13 STATES $571 BILLION
14%
Agriculture
20%
31%
6%
14%
Petroleum and Coal
11%
Chemicals
15%
Other
17%
12%
Non-Electric
Machinery
34%
Computer &
Electronics
26%
Transportation
Equipment
Build and Diversify Future Louisiana Business on Port Network
High Impact
Out-of-State Users
Imports
LOUISIANA $82 BILLION
LA AND 13 STATES $821 BILLION
7%
10%
Oil & Gas
4%
9%
27%
Petroleum & Coal
15%
Chemicals
16%
Other
71%
5%
Computer &
Electronics
Transportation
Equipment
9%
27%
Non-electornic
Machinery
Ports Can Attract and Promote New Industries
High Impact
Delivered
Direct Spending by Ports, Tenants
and Businesses Serving Ports
73,000 Jobs
$4.0 Billion Earnings
State Tax Collections
Local Tax Collections
$289 Million
$228 Million
Port Sensitive Industries
1 in 5 Jobs in LA
LA Industries with National and
Global Trade
396,000 Jobs
$19.5 Billion Earnings
Ports Attract and Promote New Industries