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Industry

North Louisiana’s diverse and growing sectors provide economic stability and strength. Existing and prospective companies continue to find that north Louisiana offers lucrative business opportunities. Louisiana continues to grow due to a highly productive and motivated workforce, low taxes, unrivaled infrastructure and logistics, a pro-business climate and the nation’s best workforce recruitment and training program that provide a competitive advantage.

Louisiana’s existing assets offer tremendous opportunities for companies in manufacturing, energy, health care, technology and film/media. In fact, Louisiana now ranks in the Top 10 states in the country for business climate, according to several national publications such as Area Development, Business Facilities and Site Selection magazines, to name a few.

According to Energy Information Administration, Louisiana’s total energy consumption and per capita energy consumption rank among the highest in the nation, largely because of an industrial sector dominated by the energy-intensive chemical, petroleum and natural gas industries.

Crude oil and natural gas are found in abundance, buried beneath the thick deltaic sediments both onshore and offshore. In addition to crude oil and natural gas, Louisiana’s energy resources include minor deposits of lignite coal. The abundant water, subtropical climate and high-quality soils help create a rich and diverse agricultural economy that includes pine and hardwood forests as well as sugar cane, rice and other cultivated crops. These conditions give Louisiana substantial biomass potential from agricultural byproducts and from wood and wood waste.

BHP Billiton is the world’s leading diversified resource company and is also one of the largest operators in the Haynesville Shale, drilling and producing natural gas. BHP has remained committed to its operations in northwest Louisiana by fulfilling more than a dozen community-wide social investments. Companies such as Red River Pump Specialists help to serve and support the oil and gas industry by providing innovative and quality products used to help in the production and transport of the sought-after resource.

Key Industries in NWLA

Advanced Manufacturing
Agribusiness
Biotech Sciences
Defense/Barksdale Air Force Base
Film/Media
Health Care
Oil and Gas
Technology

Source: www.louisianaeconomicdevelopment.com, www.nlep.org

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